Update: After writing this article, I discovered that cryptocurrency may be the digital currency that the New World Order wants to use to enslave the people. Read my article titled The Artificial Matrix and the Hidden Agenda of Digital Currency for more information about the hidden agenda of cryptocurrency.
If you haven’t heard of Bitcoin, you may want to pay very close attention to it, because this cryptocurrency is making a lot of people rich. Most people see Bitcoin as digital money, but it is actually a technology that utilizes the amazing power of cryptography to create computer applications and networks that are completely decentralized and nearly impossible to decrypt. This means that Bitcoin can’t be easily controlled by centralized entities, such as a central bank.
Who created Bitcoin?
Cryptocurrency was made possible through the stunning works of Satoshi Nakamoto. Many people of the Bitcoin community believe that Satoshi Nakamoto is actually a pseudonym that represents a small group of computer programmers. In 2008, Nakamoto surprisingly found a way to create a decentralized network based on cryptography that could achieve consensus or agreement without the oversight of any central authority entity. His achievements opened up a whole new way of trading information through the internet and sparked the Bitcoin movement.
The Bitcoin revolution is unique due to the fact that nothing like this has ever occurred in modern human history. If used correctly, this technology has the potential to help establish world peace and dramatically reduce poverty. If this digital currency has enough support, it may even replace the US dollar, which is why the Federal Reserve (Fed) and other central banks are fearful of cryptocurrency.
Ever since the Fed was created over 100 years ago, the US dollar has lost a lot of its value. Some financial experts suggested that the dollar has lost more than 95 percent of its value. The devaluation of the dollar isn’t good for the middle class and businesses, because as the purchasing power of the dollar weakens, it costs us more money to buy goods and services. Compare to the dollar Bitcoin is still new; but unlike the dollar it is hard to manipulate the value of Bitcoin.
If you have been paying attention to the financial war that is going on behind the scene, you should know that there is a worldwide anti-dollar movement aiming to help free countries from the control of the dollar. For more information on this, read this empowering article titled Banking Secrets Revealed: Why the Dollar Could Lose Its Status as the World’s Reserve Currency. After reading this article, you should know why it is important to invest some of your dollars into digital currencies or precious metals, such as Bitcoin, Litecoin, gold, and silver.
The pros and cons of Bitcoin
Cryptocurrency is still in its early stage of development so there will be a lot of problems that need to be solved before it can be used with confidence. Like any revolutionary invention, there will be a lot of criticism against cryptocurrency due to a lack of understanding. Bitcoin is going through a stage similar to when the internet first started. The lack of understanding of the internet caused a lot of fear in many people. However, once many of the problems associated with the internet were solved, it was embraced by the public and became a tool to empower the people. If embraced by the public, Bitcoin could well be the next revolutionary invention that could free the people from the control of central banks and bring financial power back to the people.
One of the greatest things about cryptocurrency is that it is nearly impossible to decrypt. Even at its early stage of development, it is more secure and has more potential than credit cards or any traditional digital money. Another great feature of cryptocurrency is that it can be used as a peer-to-peer financial network that is free of the control of central banks. For this reason, it has the potential to empower the people beyond traditional methods. Combine the internet with this new form of digital money and the possibilities are endless.
Bitcoin is one of the first cryptocurrencies so it will be met with a lot of challenges and skepticism. As it evolves, other cryptocurrencies will emerge to challenge it. The winner of the cryptocurrency battle will lead us into a new age in which anyone, no matter their race, gender or religion, can achieve their goals and dreams without the oversight of centralized financial institutions. Since the core features of Bitcoin are decentralized, users have the option to trade Bitcoin with one another without the use of a bank account.
Why you should buy and use Bitcoin
- Decentralized (free of third party control)
- Super secure and flexible (more secure than credit cards)
- Don’t need permission from a financial institution to send it to anyone in the world
- Protect some of your money from inflation
- Very hard to manipulate its value
- Very little fees
What is Bitcoin?
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Category: Economy & Finance