Hello all again, King Anima here.
Today I want to talk about the value of bitcoin and cryptocurrency in general in terms of the value they possess. I also want to touch on a few points about why banks and other government agencies are worried about it. At the end, I will leave my overall thoughts about crypto and the future of it as it relates to the world.
Hajime Mashou!!! Let's begin.
Value
First off I must start by saying that Bitcoin has no value at all and yet at the same time it, like all other cryptocurrencies (the legit ones) have infinite value. This is because the value is based on the usefulness something has to a person, group or country etc. So currently Crypto coins can be used in so many ways by people all over the world, especially bitcoin. This same line of reasoning applies to fiat currencies even though most people say that they have no value.
While it may be true that paper money is printed out of thin air they are still useful to people as things can be purchased with them.
Now that we have a better grasp of what value is let's talk about the actual value of Btc and Crypto as well as fiat money.
This will be a comparative analysis.
What has more value? Crypto or paper?
Let's not waste any time, it's Crypto. The reasons for this are as follows:
Paper money is subjected to never-ending inflation. That means, even though there is value to it, every second that passes it's spending power decreases. This is due to a crazy amount of issues and well thought out scams by governments but we will not go too deep into that.
Btc and other cyber coins, on the other hand, are all inflation proof. In fact, because of the way that they are designed and the technologies used in their designed as time passes these coins increase in spending power and thus they become of greater value.Crypto is decentralized. This is a big one. It means no one going into your pocket and stealing what they want in the name of tax. No one can shut down your wallet or interrupt your transactions and no one can control the flow of your money. In essence, it's the perfect system, the way money was meant to be.
Paper/ fiat currency, on the other hand, is the exact opposite. Because of the system that it runs on this type of currency has caused particularly eternal debt and to pay off that debt Paper money will forever be centralized. This is so that those in power can seek to control the flow of your money in their favor and so that they can tax the heck out of you.Fees. It costs practically nothing to transfer Cryptocurrencies anywhere around the world while banks and other payment bodies charge a killing to transfer paper money. I recently had to pay nearly 50usd to transfer a few hundred dollars to my country via western union.That sucks.
The list goes on and on but these I feel are the main reasons. I am sure you have more to add so please leave them in the comments and we will discuss them there.
Shift of wealth and power
Taking all that into consideration Btc and other crypto coins have become extremely popular and desirable all across the world. The future is here, trust me. What this means is that for the first time in history everyone can earn a piece of the pie. We can do and run businesses without the government intervention and we do not have to be dependent on them. We can simply turn our backs on their systems tonight if we wanted to. In a nutshell, we can take all the wealth and power out of their hands in an instant if we wanted to.
The future of crypto.
Now, this is where this post will start to take a turn. I wish to share with you my personal view on all that is going on. The first thing I believe is that all crypto will continue to increase in value though so many people are screaming about crashes. But they will not crash. And bitcoin will continue to lead the way.
The world will be forced to do away with paper money because of this and for that reason, the government will take advantage. They will first destroy economy at a time when most people are living blissfully in a manner that can only be described as "having the rug swept from under your feet". After this, they will introduce their own crypto coins with whatever claims they need to justify making them centralized. Well, either that or they will emerge as the hidden hand behind this entirely new world of crypto.
I genuinely believe that the government or whoever controls them are the ones responsible for the crypto world and that they are just playing devils advocate so that people will become hooked into a new system that they already controlled. At that time they will emerge from the shadows having direct control or direct influence over these technologies.
Think about it this way, right now USA and Russia are pretending that they hate each other but in truth, they are particularly loves serving the same master. And they both want the same end game. It's the exact same I think with crypto and fiat. On one side the governmental bodies seem opposed to this new technology but in reality, they are in love with it.
If you read the first half of my post you will realize in truth that if Crypto and Btc are really not controlled by hidden agents then the oppressive forces that control us will be dead soon lol. It is my belief that these snakes would never let their prey escape from their hands so easily.
So to summarise, Btc and crypto have exceptional value but I don't believe that it is the end game.
I know I am probably the only person in the world who thinks like this but I am not tryng to bash crypto. I actually love it and I wish for it to continue to grow okay.
Please let me know what you think below.
Upvote, resteem and follow.
Love for the love.
King Anima.
Many people compare value with price , thats wrong , sometimes the price doesn't comply with the value because it is overpriced, and for example if you ask a Banker what the value of bitcoinis he would say 'Zero' , John McAfee would say ' One million $'
So its about what value it has for you , but you also have to do your research, maybe only because you like dogs and dodgecoin for you has a value of 1000$ , it might not be the real value !
And btw, of course the gouvernment is afraid, thats why they want to regulate and want their slice of the cake ;)
nice post , Like it!
upvoted&followed
thank you, fam for your comment. I agree with you, perceived value sure isn't necessarily the real value of something. I have a feeling though that this is a narrative that has the whole world blinded and that somehow the government is behind crypto. But tat's just a hunch.
Thank you for the upvote and follow. I will check out your posts now and follow you and I must warn you, I may up vote your posts on a daily.
Differentiate between crypto and blockchain, do you believe in blockchain?
Warm regards,
@sanktnico
From my understanding, blockchain is a set of computer algorithms that produce bitcoins and other currencies. In other words, it's the technology that makes the coins.
I do beleive in the technology and I like the concept. I hope that the people at the helm will be honest in their methods so that this can change the world for the better.
Currently, the tax rates are so high for crypto profits that I think governments would love us to all jump in.
As for the real value of crypto, I think that value only exists in what we believe has value.
You have a good point, they would love for us to jump in if they can profit from it haha.