It has almost always boggled my mind that we have become confined to a global economic construct that has us tied into financial dependance, which places everyone at the mercy of a few institutions who maintain complete control. Then along came the release of our new age hero, BITCOIN.
BITCOIN was created by an Australian entrepreneur by the name of Craig Wright, who initially used the pseudonym Satoshi Nakamoto to launch the concept that has finally cracked open the realm of possibility for all of us to break free from the Rothchilds, Central banks and other tightly closed conglomerates. It is a chance for people to gain financial flexibilty and it is in my humble opinion, one of the greatest inventions for humanity within this century.
I’ve been watching and waiting to see where BITCOIN and cryptocurrency overall will lead. I was super excited when late last year I saw that taxation bodies in a few countries had started looking into updating their policies to include cryptocurrency. This is a sure fire signal that it is here to stay. There is a significant adoption rate of well established, reputable institutions that are allowing for cryptocurrency as payment for products and services. It is going from strength to strength and we are only scratching the surface of the possibilities. Thankfully all of us are the recipients of these benefits, irrespective of whether you choose to use cryptocurrency or not.
If you don’t believe that it has a positive effect on your life, then allow me to explain how it has and will continue to be in the future. A large portion of the banking institutions are now changing the way they do business to appeal to consumers. An example of this is what is happening in Australia with the four biggest banks announcing that they are abolishing their ATM transaction fee’s. That’s an estimated profit loss of approximately $500 million dollars annually. Decades have passed while this incessant greed has been a standard practice of charging upwards of $2+ for consumers to access their own money. All of a sudden, its abolished. Just like that.
Pretty soon the banks will be improving their transfer services to no longer hold your money and take three to five business days to execute BPAY or personal transfers. Instead it will be instantaneous, because in actuality there is no reason for it not to be this way. The reality is that the banks have never had a driver to change the way things were done. That is until now. The incentive for them is significant. Cryptocurrency is growing steadily with a huge investment uptake and is definitely here to stay. This almost guarantee’s there will be a flux in currency formation development. A diverse number of changes will need to be made by banking institutions to keep them competitive in this new evolving, dynamic market. We finally have a serious and fair contender for your business, thanks to cryptocurrency. Mark my words, financial banking institutions will be releasing their own crypto coins before long. Watch this space.
“Wealth consists not in having great possessions, but in having few wants.” ‘Epictetus’
Sci Show Channel Comment: Whether or not it’s worth investing in, the math behind Bitcoin is an elegant solution to some complex problems.
The creation and launch of BITCOIN opened up our imaginations to the possibilities. The technology that it is founded on called block chain is the true eloquent genius to a long standing problem of reducing the vulnerability we all faced with online hackers taking advantage of us.
The introduction of cryptocurrency has removed the monopoly that banking institutions once held. This is certainly a beneficial reason to be an avid supporter of the new age approach to currency.
I’m not a financial advisor nor do I intend on providing you with any recommendations on how to embrace this opportunity. Do your research, if it interests you to know more, decide what you may. There is plenty of information out there that you can leverage.
What I would like is for people to understand that currency competition is good for all of us, globally. It levels out the previously imbalanced financial realm and empowers you to be a financial influencer. This is truly key.
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