Cryptocurrency Prepares to Close Fiat
There is a term for "closing technology". It means a technology which is so superior to the previous one that the latter is no longer necessary. Old technologies "close" and disappear into oblivion.
Thus, steamboats killed the sailing fleet, looms made unnecessary the work of the accustomed weavers, and firearms "closed" the bow and arrow. However, the real record is our 21st century.
We live in an era of closing technologies.
Judge for yourself: mobile communication almost destroyed landlines phones, music and movies are no longer stored on a CD-ROM, and "paper" letters have been changed to email and messengers. And we watched it happen!
And so, it seems that the threat of closure is already looming over the finances, which seemed to be absolutely unshakeable. Cryptocurrencies turn out to be more reliable, safer and more functional.
The triumph of cryptocurrencies is largely due not to its own strength, but to the weakness of fiat finances. If the system were perfect, Bitcoin could not rise so dramatically. It simply would not be necessary. Why change what works so well?
To be objective, the changes do not concern so much the money that is in our accounts, but the systems of payments, storage and issue of money. Now all the cashless money is in the banks. That is, to access your own funds you need an intermediary in the form of a bank. Cryptocurrencies eliminate this feature by giving you the ability to keep funds on your personal wallet. In this sense, the crypto looks like cash - you’re the only one who owns the wallet and all the contents. Everybody’s happy except the banks.
Blockchain can set emission rules that no one can break. No government can print more money. It will limit costs, but it will teach you to live within your means, which will help make the economy healthy.
For the layperson changes will not be noticeable, he will have to pay by the same usual plastic card. But business will see changes very quickly, however, these will be positive changes that expand business functionality.
Most of the crises that erupt on our planet are connected with problems of the fiat system. Therefore, the "cryptocurrency revolution" will become an unconditional good.
And we will wait.
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