Government Slowly Losing Control and The Trust of the Regular People
Have you ever wondered why regular people are so accepting of cryptocurrencies while governments around the world seemed to hate it? Apparently, it’s a matter of control and trust.
The core of cryptocurrency is freedom which is the exact opposite of that of the government which is all about control. Since cryptocurrencies allow regular people to have more freedom, economically and financially, it’s no wonder that our governments hated it.
Then there’s the matter of trust. Many regular people are starting to become dissatisfied with how the governments do things, especially because they had implemented policies that could adversely affect the country’s economy and even cause inflation.
Inflation… saying that it’s bad is a huge understatement. Once a country suffers from inflation, the price of goods and services would skyrocket. Following inflation, the government is left with no choice but to print more money to meet demand which would in turn lowers the value of the country’s currency – causing an even worse type of inflation – hyperinflation. If not resolved, inflation could veer out of control leading to instability and even unrest.
Regular folks are afraid that if the value of their local currency plummets due to bad government policies and inflation, their savings would lose most of its value. As such, they could only look for alternatives like cryptocurrencies to invest into so as to mitigate some of their worries.
Cryptocurrency Can Help Regular People Escape Poverty
Besides giving regular people more freedom and options, cryptocurrencies can also help those in the bottom of society escape poverty. Cryptocurrency could create millions of jobs around the world, allow people to protect their savings and their purchasing power, send remittance to their loved ones in other countries without a third party, and so much more.
One of the reasons for poverty is the lack of opportunities and jobs for many people, especially for fresh graduates. And although the governments are also trying to mitigate the situation by attracting and inviting foreign investors to invest in their respective countries, and/or by creating new industries, it’s simply not enough.
This is where cryptocurrency comes in. Despite popular beliefs, one does not have to be a developer, a miner, a gambler, or an investor to earn cryptocurrencies. It’s also possible to earn cryptocurrencies by selling goods and services, blogging and writing, doing task, and more.
Even in already established industries it’s also possible to earn cryptocurrencies if one chooses to accept cryptocurrencies instead of fiat money. Remember the popular Super Bowl player who chooses to be paid in cryptocurrencies? Yeah, ordinary people could also do that. It’s just a matter of choice, and/or if the company one is working for allows it.
In all honesty, the only reason why industries that accept cryptocurrencies are so few was because our governments were meddling with cryptocurrencies through regulations. Some even went as far as to outright ban cryptocurrencies in their countries, effectively hindering their citizens from earning, or even finding jobs in the industry that could have been created through cryptocurrencies.
Just imagine it… so much jobs and opportunities lost because the government could not accept the fact that their own citizens are earning money in industries they could not control. It’s pathetic.
There’s An On-going Revolution Started By Cryptocurrency
When Satoshi Nakamoto introduced the Blockchain and Bitcoin for the first time, he also, inadvertently, started a revolution – a revolution that could allow regular people to have completely economic and financial freedom.
Seeing the potential and possibilities in the new and disruptive technology, droves of people from all walks of life flocked to cryptocurrency and joined the revolution. At first the media and our government(s) didn’t take it seriously and thought that it was just a bubble, a fad that will go away very quickly.
They were gravely mistaken. Cryptocurrency didn’t go away as they expected. The “bubble” didn’t popped; instead it grew both in strength and in number, finally forcing our government(s) to take it seriously.
In an attempt to control cryptocurrency, they tried everything they could think of. Regulations, smear campaigns, restrictions, bans, etc., governments around the world used everything within their powers but to no avail. Cryptocurrency simply refuses to bow down.
And as years passed, cryptocurrency grew even stronger, and attracted more people. Seeing all of this happening, our politicians grew alarmed and thought of more ways to control or destroy cryptocurrency with very little success.
But after countless hours of wracking their brains, they finally thought of a method they could use to confront cryptocurrency. Using the principle of “if you cannot beat them, join them,” government around the world introduces the concept of government-authorized cryptocurrency.
I say “introduce” but our government(s) simply rides at the success of cryptocurrency by mimicking it. They hoped that by introducing their own digital currency, people would flock to it instead. But as whether this method would work or not remained to be seen as only China has their own digital curreny in the form of the Digital Yuan.
Moreover, by introducing their own digital currency, they’re indirectly admitting that fiat money could not compete with cryptocurrency. It also means that the revolution cause by cryptocurrency had pretty much succeeded in disrupting the status quo, and thus allowing us to enter a new phase.
Cryptocurrencies Are For The People
Whoever it was that said that cryptocurrency was for the elites had probably just experienced one of its many sides. In reality, cryptocurrency is for the people. More than that it’s like a dream come true for many people.
What truly great about this disruptive technology though was the fact that it allows common people like us to experience true economic and financial freedom which in turn, gave us the ability to resist the encroachment and escape the control of our own government.
And although there were indeed cryptocurrencies that went astray and had become nothing but tools for the elites, cryptocurrency, at its core, still lived up to its name as decentralized digital currency. And as long as it remains as such, it will always have the support of the people.
Thank you for reading.
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