#whycrypto, because Crypto is the truth! Truth! And it is the future!
Freedom, equality, openness and transparency
Bitcoin was born only a dozen years ago, but it has triggered such a large market. The technology it brought was later named blockchain, and it has become the technology currently reserved by major companies!
The social atmosphere simply includes crypto assets in the Ponzi scheme, which is irresponsible and a fraud to others. Because the truth and history are covered up. There is an old saying that history is written by the victors! This is so realistic, but it is the sadness of history. When we want to learn from history, we find that history is just a story. What's the point? History is not the truth, it has become a tool for brainwashing! 🤣
But Crypto won’t, or blockchain won’t, but strictly speaking only public chains won’t, alliance chains and private chains are a bit of a joke!
For example, if you need to claim reimbursement for your car fare, the driver may give you an invoice for 20 yuan, but you actually only paid 10 yuan. When you go back to claim reimbursement and submit the proof, you can photoshop the payment interface and change 10 yuan to 20 yuan. However, the company cannot check the actual amount you paid through the zfb order number.
But blockchain will not, take Binance Chain as an example, our payment will have an order number and a public key for payment and receipt in the form of a hash value. Anyone can check all the information of my transaction through the transaction hash value! This is a terrible thing, because it cannot be forged!
So what is freedom and equality? Although we have always advocated freedom and equality, the more we advocate, the more difficult it becomes to realize it. In real life, there are all kinds of privileges, so-called relationships, and even inside information.
For example, we only know our own bank information. But the bank knows everyone's information, which is a privilege, and can even transfer your assets! But blockchain will not, all information on the blockchain is open and transparent, and everyone can check it, and everyone is the same. The Binance team will not have the right to tamper with the data on the Binance chain just because it is the issuer of the Binance chain! All information on the Binance chain needs the approval of miners. To be frank, blockchain is truly a people-run system!
So sometimes, I am very depressed. Why do people talk about encrypted assets, privacy, anonymity, etc. when talking about Crypto? In fact, there has never been a more open and transparent system in the world than the public chain network! Can any of you query the flow of funds of a company at will without using privileges? But on the blockchain, you can! You can check whoever you want, and you can check at any time. You can check the information of the Genesis block.
The choice of crime
Crpyto, I personally think that it will bring us a legendary social system - Datong! Anyone can mine and keep accounts, which can actually be said to be the real existence of the world for all! Sadly, in this complex world full of capital, it is too difficult. However, the advanced technology and economic methods of crypto assets are beyond the reach of many institutions!
Some organizations resist or even discredit Crypto, which is nothing more than revealing some unspeakable truths! Just like when cars appeared, some people who relied on horse-drawn carriages to live desperately resisted cars and even sabotaged them. The changes in history cannot be stopped, but the advanced value of Crypto has been certified!
That is the choice of crime! Maybe everyone is very depressed, why would those evil people become the affirmation of technology that changes human society?
In fact, in many ways, it was the crime that discovered loopholes and promoted the change and development of technology. Frank Abagnale pretended to be a pilot, a doctor, etc., defrauded millions of dollars, and became a wanted criminal in many countries. However, he assisted the FBI in capturing a large number of fraud masters and also designed anti-counterfeiting checks.
After all, the most important thing for a person who commits a crime is how to evade the law. At present, there is no possibility of freezing or transferring assets when using Crypto for transactions. But this does not mean that Crypto is a paradise for illegal transactions, because every transaction is traceable on the chain! Everyone can clearly know which assets are used by criminals and can be easily tracked. But credit currency cannot do this. We don’t know who a banknote flows through. From this point of view, legal currency is more suitable for illegal transactions.
Economic miracle
But Crypto transactions are very convenient. They are not restricted by any country. It is a peer-to-peer payment system. In overseas trade, this method is faster than legal tender and the cost is much lower! It is just not suitable for small payments. Crypto can be a means of payment for trade, and it can avoid the interference of one country's monetary hegemony in other countries.
From the history of currency development, we have experienced physical currency (such as shells, gold, silver), substitute currency (silver notes, US dollars under the Bretton Woods system), to today's credit currency (legal currency of various countries). But what is the definition of currency? General equivalent! And today's legal currency is the liability of the central bank. What's more terrifying is that credit currency can depreciate without a bottom line! This is why some people lie flat. In the past, a household with 10,000 yuan could be rich, but now it costs hundreds of millions!
But Crypto has taken the opposite path. The history of currency has always been that bad money drives out good money. Crypto has reversed this. Although many cryptocurrencies in Crypto are increasing in circulation, their scarcity has been increasing. The price is the best explanation!
Crypto is the greatest existence in the 21st century, but there is no lack of fraud, which is where we need to be a little cautious. The road of Crypto has just begun, and the future is worth looking forward to! In any case, Crypto is a revolution in technology and finance!