CRYPTOCURRENCIES WON'T TAKE OVER THE WORLD ANYTIME SOON

CRYPTOCURRENCIES WON'T TAKE OVER THE WORLD ANYTIME SOON

Like everything in life, everything has advantages and disadvantages, but the trend is to eliminate the disadvantages and just stay with the advantages and the use of cryptocurrencies brings numerous disadvantages that for our daily use is not the most appropriate.

For a first approach, it is best to show the advantages that cryptocurrencies offer.

Advantages of virtual currency

The conversion rate from real to Bitcoin is super low, which is worth it when buying;
It can be used in all countries, as Bitcoin is a universal currency. For those who travel a lot it is very interesting to have virtual currencies, as they will not suffer so much from currency conversion. It is important, however, to be up to date on the places that accept this type of money;
As it is a digital currency, the government cannot freeze (choke) the coins, just as it can do with other currencies;
But who would benefit from these advantages?

Recently through a scandal where several public figures (Apple, Kanye West, Jeff Bezos, Barack Obama) were hacked on Twitter causing thousands of people to fall in a bizarre scam.

Situations like these will happen and because we are talking about highly encrypted coins for not tracking where we can only see movements, but who made and makes those movements.

Transactions are in the public domain but how do you find out who owns the wallets?

Imagine in a world in which we live with various controls, yet governments find ways to end up with the people's money, now with cryptocurrencies without a control and tracking of coins, we will start to enrich wealthy people.

We need to think better about what we want, we want things that the advantages will outweigh the disadvantages.

......................................................................................................................................................................................................................................................................................................................