The New World Money
Why does the world need Blockchain Technology?
The world’s financial system needs an upgrade. Blockchain is a great solution. Since the development of the internet, the problems of making payments online has been a massive challenge. It’s a long story but the last and most important chapter began back in 1971 when the US Dollar was decoupled from gold. An orgy ensued that has lasted over 40 years and in 2008 the world’s financial system went into the final stages of decline. Central Banks in control of Governments everywhere started to experiment with bizarre schemes such as Negative Interest Rates and Quantitative Easing. People don’t know what those things mean- All they know is that their lives are getting harder by the day, paying more taxes and getting less back. No-one seems to know where it will all end up…
In steps Satoshi Nakamoto…
In 2008 Satoshi redefined money when he invented Bitcoin, the world’s first cryptocurrency based on Blockchain Technology. Before then, only kings presidents and armies could control currencies. Because they were centralised, they could easily be stolen or manipulated. In contrast, cryptocurrencies allow money to be “distributed” so that they can’t be controlled. We’ve already decentralised music, video, filesharing and even social media so we know it works.
There are many thousands of smart people around the world involved in creating, securing and selling Cryptos. Richard Branson, Steve Wozniak (Apple CoFounder) and Peter Thiel (Paypal CoFounder & Facebook early investor) have all invested in cryptocurrencies. These people aren’t stupid.
CryptoHarvest.Org looks at the trends in Cryptocurrencies and Blockchain technologies.
Golden Rule for any investment: Never invest money you can’t afford to lose entirely.