There is something silly about the culture surrounding cryptocurrencies, especially when it comes to the ape NFT profile pictures. Despite the previous pampering, there is also a serious reason why people are talking about this technology.
New developments in the field of crypto technology, such as Ethereum, resulted in corresponding developments in the philosophy of crypto.
New Internet is coming ?
The central concept of crypto is the creation of a more decentralized internet. This concept aims to break the monopoly of Big Tech companies such as Google, Facebook, and Spotify. Through the use of non-fungible tokens (NFTs), people would be able to exchange their digital goods for cryptocurrencies and vice versa.
Some believe that crypto’s anti-monopoly potential could serve as a catalyst for social change in the offline world.
There have been calls for using cryptocurrencies to implement a universal basic income. However, this concept is not limited to just basic income. There are also plans to establish decentralized communities that are run by local democracy and land ownership.
The necessary risk of crypto technology and Fundamental Change
The risks associated with crypto are enormous, and it is a big gamble that can make a massive difference in the world. However, it also has many downsides. Regulating it out of existence is a way to protect society from these risks and keep it from undermining the status quo.
Despite the immense potential of the crypto market, it is still very risky. This is why it is important to consider the various risks associated with investing in it. If you are able to manage these risks, then you can potentially earn money from the market. Anyway, the opportunities are huge!
By replacing bad or inferior money, Bitcoin can restore Gresham’s Law. This is a fundamental change in the way money is distributed. Since 2008, central banks have been trying to prevent deflation by increasing the supply of fiat money. However, this has not worked out because businesses and consumers have been hoarding money instead of spending it.
Summing Up ??
In conclusion, research this market as thoroughly as possible! Don’t be afraid to try. Everyone is going through a period of adjustment to the new alternative economic system. Believe me, there are many more opportunities here than in the traditional stock markets. Behind every coin is a unique project.
Your task is to learn fundamental and technical analysis in order to swim like a fish in water in this new world.
Very soon, we will be swallowed up by the MetaVerses, there is no denying it.
So yes — embracing the crypto industry is something everyone needs to do.
The world is evolving, try to adapt quickly to the changes and improve the technologies you already understand.
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Dave 2 yrs
Nicely put! LESGO!