Cryptocurrency, are we witnessing a revolution?
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I think cryptocurrency and the blockchain is already one of the most disruptive financial occurrences of this century and it will revolutionize financial and other transactions, as well as other areas like communications. The amazing thing is how it seemingly existed below the radar and then exploded into the limelight in December, 2017 when Bitcoin’s price was near 20,000. Suddenly everyone new the word Bitcoin and suddenly banks and other financial concerns had to respond to all the inquiries, try to maintain market share and try to control the narrative about this disruptive and revolutionary entity called cryptocurrency.<
Additionally, this huge thirst to understand cryptocurrency lead to people trying to understand the terms used to describe cryptocurrency like decentralization. I feel that in order for people to understand how cryptocurrency was different, they needed to understand the banking and monetary system which existed before cryptocurrency. This to me was revolutionary, as large numbers of people were learning that their financial systems were centralized and much of what happened was hidden from them. Indeed learning why cryptocurrency was such a revolutionarily different system educated people about both systems and led to inevitable comparisons and criticisms of the traditional banking systems. We are talking about a revolution!<
References:
https://steemit.com/motivation/@shortsegments/cryptocurrency-are-witnessing-a-revolution