AN INVITATION INTO SOVEREIGN SOLUTIONS, BLOCKCHAIN POTENTIALS:
The World of Crypto opens up a possibility that represents perhaps a unique solution amidst a time of rising chaos and uncertainty, in a world of increasing centralization on a global scale. The Common man up to now seemed to struggle against gargantuan forces beyond his scope of power, but the playing field is being leveled. Here crypto enters the arena. It brings with it the possibility of greater freedom and sovereignty but remains a double-edged sword which can easily also be turned against us.
The True Vision of Crypto is to enable a decentralized financial system, built upon the foundations of true privacy, true ownership and self-responsibility.
This vision can only be made true if we use this powerful tool properly and begin to approach technology with greater discernment and also curiosity.
The Golden Rule of Crypto is “Not your Keys, Not your Crypto”. Meaning that if the assets you claim to own are not within a private wallet for which you and only you are in possession of the private keys, then you are not in actual ownership of the assets. These assets are at risk of being frozen or stolen.
Unfortunately for most people if you want to participate in the world of crypto, the easiest way to get in possession of some assets is to register at a centralized exchange which permits you to buy crypto with your local currency using credit card or bank transfer. But these exchanges also allow you to simply hold the assets in their custody under your username. NEVER do this. The moment you receive your crypto, withdraw it to a private wallet of your choice.
The best solutions are cold storage hardware wallets, these are basically USB devices which store your keys/wallet and permit you to do transactions without exposing your private keys in the process. Trezor, Ledger and KeepKey are all well-known options in this range. Trezor being the big winner for me (I own Trezor”One”), having also tested KeepKey and being very disappointed in comparison.
For the beginner a software solution is perfectly fine, you can get wallets which support only one cryptocurrency or you also have a few options which allow you to store a wide variety of coins. My personal favorite software solution is Exodus. It allows you to install on your Desktop of Choice(Mac,Win,Linux) and also to Sync it to the Mobile App.
As you get comfortable with this process, I would highly advise you to get into Privacy Coins, because they will permit a truly decentralised free market if enough people adopt them. Crypto has been around for a couple of years now, and only today more of the mainstream population is becoming aware about them, but usually through Bitcoin or Ethereum or one of the older cryptocurrencies. These are also the ones they will generally try to invest in, but these are actually the worst crypto for the common man. The problem with most cryptocurrencies is there total transparency, if someone has your address they can look up every detail about your account, and its history. They can see all your incoming and outgoing transactions and how much is within your wallet. This makes them ideal tools for regulation and control.
Would you be comfortable if anybody who chose to could go to your local bank and study the entire history of your bank account and all of its transactions?
I doubt it. But with most of these cryptos that is the case. I just need your Public Address and I can look up every detail of your wallet.
There are only a handful of actually private coins and these are going to explode in value in the future, perhaps even render Bitcoin irrelevant. The projects that have so far struck me as solid are XMR(Monero), ARRR(Piratechain), WOW(Wownero). In the periphery of my attention is also HUSH and HAVEN, but I have not yet really explored these 2. These privacy-coins are the most important tool & source of power fuelling the potential of crypto to become the champion who will dethrone the corrupt state mafias and corporate monopolies of our daily age, paving the way for a truly decentralised, deregulated free market. From Debt-Slavery to Value-Cultivation.
Finally explore the Solutions that DEX’s(Decentralised Exchanges) & Atomic Swaps Offer, since they are important tools to withdraw power and relevance from all the centralised entities that control and manipulate our lives today, they enable us to reintroduce the financial tools of the market run by artistic sovereign mathematics & not corrupt elites with enslaving algorithms that stifle innovation and creativity. These decentralised solutions enable direct P2P transactions of all sorts instead of relying on risky middlemen demanding high processing fees for their shitty services.
Also if you wish to enter Crypto without spending any Money then there are solutions like HIVE, read.cash, noise.cash, which allow you to earn crypto just by sharing and creating content. Hive and Read.cash are blogging platforms. Noise.Cash is a Twitter-Clone but in which you also earn BitcoinCash.
An Article of Mine was Featured on CryptoCoinEmpire called Getting Into Crypto. A short on-boarding Guide for Beginners mentioning the essentials to get started.
