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"The future of money is digital currency"- Bill Gates , co-founder of Microsoft.
You all know, long ago, we all had a long stern hanging behind. As time passed by, it started getting reduced day by day. Now we left with no trace of it. Why did it happened? We all know that it got disapeared as it had no use. The question is, will there be a time where we need not to have any cash in our pockets? I meant, is there any chance when, in future, fiat will be of no use?? If the answer is positive , I can definately say that crypto gonna be the main medium of monetary transaction then. Who am I to say so!! let's be logical and realistic to the fact. I am gonna put sevaral aspects in a bit that will support many of you to have positive answer.
My supportive area(s) for being positive:
1️⃣ Rotten monetary system:
From abolition of barter system, fiat has been feeding only the higer class people of the society. Till now it continues to do; many of you may oppose to the fact. Some people will say, "it is there guts to make such money; there is no wrong in it, he is just little smarter than you." let me put a light on it so that it may awake you from your slumber.
First of all , this monetary system, banking , finance is a bullshit to me. It is just making fool out of uneducated people and building empire of falsehood over their flesh and blood. Let me tell you how, to live we just need food, clothes and home. Now consider about the fact that people who supply this three basic but most important things of our life, are the poorest and distressed person in the world; neither they have good education to grow themselves at brains nor health to live a good life. Even they sometimes suffer for sufficeint food also when there is natural disaster. The Irony is that they make the world to live while edcucated coninues making money being a little smart. What ever we need, initially all come for them, If they fail,we fail also. How many disaster we have faced in past when people died straving!! No money did help then. This monetary system won't be last for long, the situation will change, the poor will rise when they get to know they are depprived and exploited. It's true, they are not aware of the fact that the services they provide to the world are most valuable and they deserve better remuneration. The main reason behind their situation is our dirty fiat money. Time will abolise it soon when there will be no place to live and nothing to eat.
2️⃣ Only money launderers want fiat to live:
Who lives on only playing money are the real threat to the society. If fiat stops toatlly, they will suffer the most. In digitalised country they are already suffering a lot. In this very strange world, everybody is behind money and they will never stop if they have chance of doing something wrong if system allows them to do so. For example, the money in hand can be earned doing something wrong that goes against our social rules. Without knowing or not, the government is also a launderer while they are going after the others to grab them.lol. In most of the countries, they are fighing against crypto but many of them have educated themselves about the need of dizital transaction to fight corruption, bribery and laundering of money etc. If they want it disitalised, why it is not crypto then!! They should abolish all concepts of old school monetary system and make own crypto currecies if they want everything fair and honest.
3️⃣ Why should there be a bank to controll our money!!
May be they want to be benefited personally doing intitutionaly organised action in the market. A bank works for their intertets not for people's. They give us, as example, one-fith of money from what they make from ours. Why can't we make our own investment if I wanna Invest!! I have seen a lot of banks to fall and in many cases who owed money from it, sufferered a lot. If they do not want to provide us good returns, we want to invest ours and why they want to make money out of us!! If they want to help people, they should do honorary work and make themselves a non-profitable institution. They should not be hesitated to build a block chain and own currecny on it for transparency if they keep good intention.
4️⃣ Let's discuss the chance of abolition of fiat:
A little incident:
A few days back, I was at the grocery shop. Here most of grocery shop have cigerate to sell. A young guy came and said, " Please give a cigar." I too was there for a cigar. He was given one and he paid it using his smart cell phone. I have never thought I too could pay like him for a small stuff. In a develpoped country, his action may be very common but here is not a common incident. I saw the shop keeper along with other people there, was amazed seeing him to do so. I am sure many people who withness it, will try to buy small stuff in a smart way of paying. Future depends on young generation and it matters what they do or like to do.
FIAT will be vanished automatically when people lose trust on it and importantly if they find an alternative to replace it. When crowd follow crypto, Government, institution, organisation will have no choice.Will people embrace it (soon)? I think people need financial education to make it hastened and raged.We can see exodus to lose hope on fiat and to embrace crypto. As eveything is going diziatal and online, what is the blame of crypto, the most transperrent revolution of the dacade? Crypto will flourish sooner or later and who comes first, will be the rich but not making fool out of others or not playing on other's money or not deciting people. But for main stream action , crypto also need infrastructure and improvemt to repair its loop holes.
While we are thinking about if fiat will be repalced by digital currency, industry is growing rapidly and compouding like as a rocket advances through the air.
Thanks you so much for stoping by.
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