Cryptocurrency: The Future of Money.
Question: Are Cryptocurrencies a passing fad or the future of money?
To answer that question we would like to point out a few basic differences between Cryptocurrency and Fiat money (AKA: Regular Money, USD, YEN, EURO, ect.)
1. Cannot be fraudulently produced.
2. Can be transferred internationally and instantly at zero cost.
1. Funds and enables the forgery market, a multi-trillion dollar black market industry that supports other criminal industries including sex trafficking.
2. Typically have production costs between 2 and 4% of all money in circulation, paid by National Governments.
By shifting fiat currency to blockchain technology and cryptocurrency governments have the power to effectively cripple one of the largest black market industries in the world while also saving around 2-4% of taxpayer dollars each year.
So, is Cryptocurrency the Future of Money?
There are several more reasons that Cryptocurrency is a superior and more useful technology then paper fiat money.
The primary reason being that for the first time in recorded history, it is now possible for you, and other small groups of people to mint and issue currencies, shares, stocks, and to establish virtually owned and managed organizations with real revenues and assets, at practically no cost (Less then 1 USD).
This increased capacity for organization, decision making, resource distribution and project implementation without requiring third party verification or management entities such as banks and national governments is providing a massive leap forward for the World's freedom, independence and sovereignty movements.
This article is the first of a series. Stay tuned for an in depth dive of cryptocurrency, blockchain, tools and services, decentralized autonomous organizations, and laws regarding these technologies and their implementation.