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Modern Economic Nonsense — A Show of Recession

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A recession is when the market takes a break ☕️ and slows down the expansion. You assume everything will become affordable because of the recession, and you have an opportunity to buy things you cannot afford.

The reality is you probably won’t be able to afford it even if there is a recession. Everything will become more expensive than ever ?.

It is an economic show where the rich are shuffling their shopping cart, and the poor watch it from different angles.

It is all about debts that the rich accumulated so much that they cannot afford to have more at the same speed, so deflating a bit of debt is a healthy way to continue keeping pace to have more obligations in the future.

And the rich are not required to pay off debts.

Did you notice that ??

Wait, you may wonder why the rich get away from debts? Because the system is designed to be this way.

The fiat currency is a debt owed by the central bank. But they didn’t have to fulfill the obligations if they did not want to.

But people can still trade with or without a currency.

Okay, you probably think I am dreaming.

Let me show you an example that you don’t need currency for trade.

You grew up with your best buddy in the small town, and one day he invited you to his house for dinner. You wanted to pay him back after the lovely dinner, but he insisted on a gift. So you took it and treated it as a favor. And next time when you had an opportunity, you treated him to even better meals as a return of gratuity.

See! It is traded without a currency.

So the central bank lies about the valuation of a piece of paper yet people take it for granted. Also, a piece of paper is a debt design that is impossible to pay off because of interest rates that grow faster than its valuation.

Everything is inflating into infinity if they design correctly.

But nothing is forever. God knows when the growth stops. So they created a recession to remind themselves about this. But again, they probably forgot about the reminder, too ?.

The good thing is debts can be created easily as long as they aren’t able to pay off!

What is the point of paying off the debt if you continue printing more debts?

So you shouldn’t worry about the recession because the trading needs no currency.

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Crypto Research

Future of the blockchain

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The blockchain is an automatic public ledger system to record transactions and track their accuracy while providing transparent information to all participating parties. The benefits of using blockchain are transparency, immutability, and efficiency. 

However, the opponents of the blockchain argued that it is an invaded, manipulated, and costly system.

If you support blockchain technology, every sector should implement such technology to make it transparent. 

The blockchain, in theory, can replace every institution. 

And blockchain that can build on top of layers will provide additional features for future uses.

Financial services

Cryptocurrencies are yet to challenge the current financial system. However, when intermediaries are costly to make the system runs inefficiently, it is time to change. Banking, trading, funding, accounting, insurance, and many other financial services are expensive, and people seek better and cheaper solutions. 

Even the money that you are using is about to be replaced by the blockchain someday in of the future.

The longer the current system exists, the more inefficient such system will become, losing its integrity on its own while trying to dominate the market.  

Travel and Mobility

Blockchain technology does not restrict its ability in the air traveling, and Uber can be replaced by the blockchain too. In addition, the blockchain can replace Tesla if they lose integrity and users want their own car companies. 

Aerospace and Defense

If not, the blockchain will replace aerospace technology. The supply chain system can allow the government to secure its data information.

Hospitality

You can book your hotels and have a shared room through Airbnb App in the blockchain system. Customers’ data can be secured in the blockchain to protect their privacy.

Infrastructure and Energy

Companies were monopolies in this sector. However, they may not be able to dominate anymore through the blockchain.  

Construction and Real Estate

The blockchain can help manage large data volumes with more accurate record-keeping. 

Healthcare

Why healthcare is costly is a myth, but blockchain can provide insights to reduce costs. 

Education

Blockchain can also make education cheaper and more accessible to everyone. 

In Summary

It is likely to have every business sector with a blockchain run as an alternative. The technology will empower individuals to have their own choice of the business model they prefer.

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Photo by Terry on Unsplash

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Crypto Research

Your future landlord is buying crypto

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As the digital age takes off, so too does the interest in digital currencies and their potential use cases. From mobile money to bitcoin trading, digital currencies are becoming a staple of everyday life. In fact, according to news, 83% of millennial millionaires own cryptocurrencies. That’s a fast growth rate for a digital currency that’s still relatively new. But cryptocurrency is about to become mainstream — just wait and see how crypto becomes an integral part of people’s everyday lives. And your future landlord is hoarding them.

Cryptocurrency adoption is on the rise.

In the year 2020, the number of people who used cryptocurrencies grew by a staggering 36 percent, to a total of 7.3 billion people. This growth is largely attributed to a number of important events, including the advent of new coins and the growth of online trading platforms.

Decentralized platforms are the future.

The decentralized, or distributed, platform model is ideal for solving real-time problems. For example, blockchain technology uses a decentralized, or distributed, model to achieve its main goals. Iron gate, a platform developed by venture capitalists aiming to disrupt the online trading ecosystem, is one of the most notable examples of a decentralized platform.

Decentralized identity is becoming a thing of beauty.

As the popularity of digital currency rises, the need for decentralized, or distributed, identity theft protection is also apparent. Organizations are racing to implement decentralized identity systems, in an attempt to combat the growing number of potential attacks. More and more people are forming “decentralized” or “distributed” social media accounts, and using them for everything from shopping to trading. As more businesses adopt decentralized systems, the need for centralized solutions disappears almost entirely.

Secure and private digital identities are key for digital transformation.

Digital identities are becoming more valuable as more people access the internet on a daily basis. One of the most significant benefits of digital transformation is making digital accounts and identity management more secure. According to a report, people are more likely to use a digital account if it’s associated with a trusted third party. Plus, digital identities are often tied to an individual’s work or personal history, making them easy to trace.

Mainstream adoption of crypto

It’s easy to get comfortable with the idea of using digital currencies as a store of value. You know what values are supported, and you know how to spend the money. In addition, digital currencies are often payment methods that accept American dollars as the payment source. But many people still haven’t thoroughly adjusted to using digital currencies as a store of value.

Conclusion

Cryptocurrency adoption is on the rise. The number of people who use cryptocurrencies grows daily, and the amount of money left in all of them grows with them. This growth is due to several important events, including the advent of new cryptocurrencies and the growth of online trading platforms. Most importantly, cryptocurrency users are moving away from paper wallets to digital currencies. Now, more than ever, businesses must adopt digital credentials and digital identities. These should be done to establish a proven track record of quality service delivery, and provide customers with peace of mind when funding their goals. With the rise of decentralized digital identities, the need for centralized credentials is eliminated. As a result, the number of potential threats is greatly reduced, and the potential for security and misuse of digital credentials is greatly reduced.

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Crypto Research

Why Gold System Comes Back

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The modern financial system hates the gold system, which makes gold a fiat currency. Because they claimed the gold system created too many unnecessary financial crises. But the real problem is the corrupted system was designed to abandon the gold standard. 

The Newton’s System

Many people may not be familiar with the 17th-century of living style at all. Back in the 17th century, ideology collided between theology and science. 

Theology told the earth is the center of the universe, but science told the other way. 

In 1717, Britain moved from the silver standard to the gold standard with the help of Newton’s new minting method of precisely coin-making technology. 

Silver Standard

Silver is more abundant than gold. Therefore, silver is a perfect candidate for fiat currency in the ancient world because it is lighter weight to carry and much more available globally. But similar to gold, there is a limitation in the supply. Because of the supply restriction, the government wants more control of the currency, causing its economy to inflate and deflate. It prohibits nations from creating credits out of thin air. Therefore, the financial system has its integrity.

Gold Standard

Like silver, the gold standard has its system integrity to prevent nations from inflating its economy. But the addition to its integrity, gold cannot be counterfeit like silver. It makes gold a perfect fiat system with complete integrity.

A trust system

The current fiat system claims it is a trust-based system. But to be able to demand trust, the system does not offer its integrity. Trust works from both sides. If there is no integrity in the design, users will lose their faith in the system to choose another. However, when you only have one option, you have no option but to stick with one choice.

Current Fiat System

The current fiat system’s danger is trying to remove the deflation. It has worked well in the last 50 years or so. There is only an inflation rate that accelerates or decelerates. Only the problem with this system is you are creating a winner that can dominate the entire system until it fails to wipe out the whole system and trigger a reset.

Unlike precious metal standards, you can choose between self-governing integrity to punish the government’s negligence; government is unstoppable in the modern fiat system. 

Cryptocurrency System

Cryptocurrency is to create a new integrity system to build a new trust system for all. It is a peer-to-peer system to make the system in check while people will use it if it can prove its integrity.

If you enjoy reading my articles, buy me a coffee here.

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