A world when crypto prevails
Cryptocurrencies are no doubt the future of the world, the currency which is transparent, decentralized, trusted, secure and most importantly, which gives us complete control over our funds and the freedom that comes with it.
But, currently, the economic and other circumstances becomes a barrier of us to use cryptocurrencies as a form of payment currencies universally.
There are lots of reasons which stands as a wall to use crypto for what it was created for. One huge reason is much of the population of the planet is still under poverty line or simply they don't have enough funds to buy food, let alone, purchase gadgets to use blockchain and crypto and the internet. On top of that, there is huge illiterates who needs to be educated on how the basics of crypto works for them to adopt to this system and be a part of this revolution.
But, optimistically and hypothetically, we can deduce some outcomes when crypto and blockchain will prevail and the traditional systems will be thrown out!
There might be very radical changes to our lifestyles, and these might include :
Eradication of corruption : Okay, a major reason why corruption takes place is because of human greed, who are corrupt, and their lust for money makes way for them to earn it illegitimately and because they use cash or online methods which are not transparent for public to see, so many politicians, cops, and rich people get away with it, and under a world of crypto, where everyone who is a public figure or representative of people have to disclose their portfolios in crypto, we the public can exactly keep record of them, and for those who doesn't disclose their portfolios to the public, well at the least they can be investigated by law enforcements tracing every bit of transactions!
Fair and transparent election : Can you imagine the power of people when the voting process is completely done under blockchain. No types of voting fraud, no fear of people since they can vote from their homes, most transparent voting system which is publicly available for all to see including all political parties, full anonymity of the voters and no manipulation after a vote is casted!
No tension of losing money by means of fraud, being stolen, being scammed : Since money is not available as in tangible form, no one can steal it and as long as they keys we have for our wallets, no one can steal or hack our coins in anyway!
Less wars and maybe less terrorisms : Since most funds will be transparent for all to see, it will be very easy to trace down source of money if at one point the wallet address of a known criminal is caught.
Environmental friendly : Okay, mining crypto might cost burning electricity which might be very harmful for the planet but is very less when compared to that which is caused by printing of money (paper which comes out after cutting down trees), minting of coins, environmental degradation for the existence of financial institutions like banks etc
I guess there are oh so many more! The pros of such a world is really awesome, even though it comes with some cons. Will we be able to see such a world soon? Maybe in the next few decades!
Cheers!
