MY ENTRY TO "PHYSICAL MONEY OR CRYPTO ?", W6E2 CONTEST IN HIVE LEARNERS | By @deimage
Hello Hive Learners, how are you guys today ?, i hope you are good and everyone enjoy this Tuesday and keep exciting to following w6e2 contest in Hive Learners.
Edited from Logo Maker app
The first issue just ended and it was a very exciting contest. Honestly, I saw many who have entered this contest and gave their own opinion on this, reading their different opinions made me have a little bit of different views about Cryptocurrency. So far, they all accept the existence of Cryptocurrencies and for me as a person who also gives a positive view of Cryptocurrencies, that is a very good thing. And Platform Hive is the right place to apply it and learn the basics of Cryptocurrency.
In this 2nd edition we will also discuss Cryptocurrency with the title "Physical Money or Cryptocurrency?", and this time we have to give our opinion about Cryptocurrency and compare it with Physical Money, of course it is a different thing, and I think there are many differences between the two and from that difference we can draw conclusions and the reasons we choose one of them.
So, let's take a good look at my reasons in this post.
Money, and there's no one who doesn't know this one thing. Even when they are still children and can only walk, they know this thing first before anything else.
Money is the main medium of exchange that we use today, humans have known money for a long time, and money is the main driver for everything in this world to run and develop well. When we talk about money, what we have in mind is a colorful sheet which has a certain nominal value and the symbol of the president or national hero on the front. That's not wrong, because that's the form of money that is generally known to humans.
In this century, there are many forms of money, in terms of the medium of exchange that we use in various transactions. However, the money we use is becoming increasingly unreal, you may know e-banking and it is a form of virtual money that you can use to make transactions, and you only need software media to run it online. Previously we were first introduced to Credit Cards, and that was the forerunner of virtual money. But literally it doesn't include virtual because you will still be carrying a thin rectangular piece of plastic. As time goes by we are introduced to various virtual money and this time they provide various features to make transactions easier, they also provide various forms of top-up so that our money stored in the bank goes into a virtual wallet and becomes virtual money that we can use only using our device. software that is in the smartphone. It continues to be developed and sometimes in big cities, the transactions they use are only through their Smartphones.
And we come to the Cryptocurrency era, which is a perfect and completely digital currency and has no form at all. Actually, Cryptocurrencies have long been known and practiced but previously failed three times. Until it all started in 2009 when Satoshi Nakamoto succeeded in introducing Bitcoin which became the most popular Cryptocurrency today and the most valuable of other Crypto currencies. And the period 2010-2011 was the fastest development of Cryptocurrency to involve online transactions in games.
Of course this Cryptocurrency trading is not a real trade that we usually do everyday, we can only trade in a special market that trades Cryptocurrencies. And until now there are many platforms that use and transact with Cryptocurrencies and the process is not too complicated, which indicates the development of Cryptocurrencies.
For now I can't choose the best between Cryptocurrency and Physical Money because both are things that are still needed and play an important role in the transaction process even though in different forms.
For example, when you want to shop everyday, you still have to use your Physical Money even if you have a lot of your Cryptocurrency assets, and those who sell don't want your Cryptocurrency even though you give them all of them. This happens because they cannot take advantage of Cryptocurrency and maybe their country has not fully considered Cryptocurrency as a legal exchange rate. Because the nature of these cryptocurrencies is irregular and changing, they also cannot set prices for the goods they sell to match the prices of cryptocurrencies. The only way is to exchange your Crypto for Physical Money so you can use it to buy an item when you shop at the store you usually visit.
It also does not indicate that Physical Money is the best for now. Physical Money is real money that can be held by anyone and you can be robbed just because people know that you have a lot of money in your pocket, and there has never been an incident when you visited a place and your Crypto was robbed, and even people will not know what Cryptocurrency is. This shows a high level of security for Cryptocurrency which is a virtual currency that can only be used if you are in an online network. Cryptocurrency is also a flexible currency, you can also do many things in cyberspace with this currency because it can also be converted to Physical Money.
Cryptocurrency is also the most ogled investment because of its security, convenience, and flexibility, you can convert it if the price is high, and collect it if the price is cheap.
But, for investment as well as security, I choose to use Cryptocurrency as my second currency, and this really helps. Maybe for now there are many countries that have not been able to accept Cryptocurrency and also there are many countries that have accepted it. I think that's reasonable because considering that there are many platforms that use Cryptocurrency as their exchange rate, even online gambling platforms, of course Muslim countries like Indonesia strictly prohibit various forms of transactions in the gambling section, and it worsens the image of Cryptocurrency as a digital currency that can also be used. to something more positive like the Blogging platform we use today.
I hope that the government can differentiate platforms even though they both use Cryptocurrency as a means of payment, but every platform that uses Cryptocurrency does not always engage in gambling transactions.
I think this really needs to be looked at seriously. For that reason, we as Hivian are obliged to promote our platform so that the government knows that this platform is not something that is gambling, and there are many benefits in this Hive Platform that we love.
That's a little of my opinion and comparison to Physical Money and Cryptocurrency, I hope Cryptocurrency can run parallel to Physical Money. I don't expect any change in the function of the two, because after all they are two different things. Cryptocurrency is still Cryptocurrency, and Physical Money is still Physical Money and both still have their respective strengths and weaknesses.
Hopefully future generations will allow humans to have two Currencies to transact.
Thank you, and see you next time.
Keep exciting to following Hive Learners Contest.
Special Thanks :
@hive-learners
@bruno-kemai'd like to invite my friends to following this contest :
