FIAT the Dinosaur. A revolution in play. And a new world.

in #cryptocurrency7 years ago (edited)

As a dad to three kids under 10, I am blown away by the new world they will enjoy. Thanks to crypto and the block chain, banksters and their nefarious ways will soon be a thing of the past. Corrupt governments will be exposed and replaced by 'people power' and middle men and agents will no longer make their money at the expense of a buyer and a seller.

99% of modern fiat money is simply digitized ledger entries that are moved across privately-owned, opaque, and expensive payment networks like those maintained by Visa, Mastercard, ACH, and SWIFT. Physical currency is an artifact from a previous age.

Given that cryptocurrency coins and payment networks are superior in almost every way to their legacy digital fiat counterparts suggests that fiat currencies--in both their physical and digital forms-- are facing the same fate as the dinosaurs.

Today, bitcoin - @ $280 billion (up from $180 billion 2.5 weeks ago) - becomes the 6th most circulated ‘currency’ in the world. In a few months it will overtake the Rupee.

The people are voting and we are witnessing a revolution.

I am new to steemit, but I hope I can add some value to this outstanding community. Disruption is the only way 2 go. I would love to hear your thoughts. Let's change this world to one we would love to live in.

Power up Steemiesters, strap in those rockets and let's head for the stratosphere.

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