Cryptocurrency Is The Way Forward And That's Not Debatable!

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3 years ago

I believe we've all lived to witness a lot of projects fail in terms of distribution of wealth. Somehow they keep plotting up scams as supposed legitimate projects, suck us up and run away with our funds. Example of such a project was "MMM" money making machine as it was addressed then.

MMM was established in 1989 by Sergei Mavrodi, his brother Vyacheslav Mavrodi, and Olga Melnikova. The name of the company was taken from the first letters of the three founders' surnames.

Apparently MMM was a peer-to-peer lending system, a ponzi scheme which scammed over three million people.
The Nigerian Deposit Insurance Corporation (NDIC) estimated that around ₦18 billion ($49.3 million) was lost when MMM shut down in December 2016.

The system was supposed to offer 20 to 70 profits in a month, BUT the success didn't last for long. Eventually, the company was shut down in 1994 and it declared bankruptcy in 1997. Unfortunately, everything didn't end here. After 14 years, the company reopened as “MMM Global.

However, after being shut down in 2016, the company came to a pause and resumed business with bitcoin offers of an interest rate of 50%, with a name change to MMM cooperating, do we still trust these people?
A company that has changed name three times, scammed millions, yet still returned after the CEO had died in Russia of a heart attack.
MMM tried to dig into Cryptocurrency knowing fully well of it's worth and how it could turn off in years, but yet nobody realized that plot.


Cryptocurrency Is The Way Forward And That's Not Debatable!

As we all know;
Bitcoin was created in January 2009, the digital currency follows the ideas set out in a whitepaper by the mysterious and pseudonymous Satoshi Nakamoto.
The identity of the person or persons who created the technology is still a mystery.

For some reason the body or bodies decided to stay anonymous, but that's not the case. The facts here is that a "Genuine" investment project was created far back as 11years and a lot of people still find it hard to adapt to it, even when it has proven itself to be worthy of praise and investment.
The worth of this currency really isn't case but the actual vision it has to eradicate world hunger, create financial freedom and give total ownership of funds to individuals, of which it doesn't in any way try to control the movement of these funds and assets.

It Didn't End with BITCOIN as most of us are aware. Altcoins were introduced into the system, of which the actual purpose was to give to the people of whom weren't financially strong to embrace Bitcoin that had grown costly overtime and is still growing. Although this may have been a scheme to build its own digital currency, more like creating a competitor to bitcoin than a business partner.
Reason being that knowledge of the digital currency was made known to the people, whereas it is not a must to buy a whole bitcoin, but buying a lower percentage was possible.
Satoshi had led the way and altcoins creators quickly jumped in.

Crypto Blogging Platforms Was Introduced Along The Line

Notwithstanding the ability to buy a smaller percentage of these currencies, not everyone will risk their money yet on it. So crypto blogging was introduced to match our INSECURITIES! Yes!
Today numerous platforms run on Cryptocurrency pay service, in exchange for my time and knowledge, you reward me in Cryptocurrency without having to buy it. That was another bigger step forward!

I really don't think that "Cryptocurrency" would keep appearing on trending pages of news feeds if not for the implementation of "Crypto Blogging Platforms" People love free things, yes I love it too. But nothing is totally free, so instead of buying and investment, trade your time and knowledge for it and consider it a DEAL. That was the IDEA, and we are much satisfied with it.

It Keeps coming on and on, so THEN we can't deny it. Even though the governments are trying to bridge the progress, Cryptocurrency would always be the way forward !

Originally published

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Avatar for Justin_Writes
3 years ago