Fully Enjoy This Moment!
We're all trying to come up with the most enjoyable thoughts and actions possible, all the time, that's what life is about.
Steeming has clearly played an important role in helping me coming up with some of my most satisfying thoughts and actions over the past year. I really look forward to steeming it up even higher!
And as I've already said: "Maximizing my life's enjoyment while seeking to put an end to unnecessary violence, is the single most fundamental precept guiding my life."
Unnecessary violence always ends up being the biggest preventable threat to one life's enjoyment.
Routing For Peaceful Resolutions Of Human Conflits
Governments Are Today's Most Violent Institutions
I see cryptocurrencies as being one of the main factor leading to government demises in favor of something better. What are cryptocurrencies is explain below.
Witnessing cryptocurrncies growing threat to governments hegemony and having personally benefiting from the redistribution of power they generated, has been one of the most satisfying experience of my life.
Helping to advance cryptocurrencies usefulness and adoption is in perfect alignment with my most profound desires and are the underling goals of this post.
Governments, Money & Individuals
Governments preferably work to persuade those they want to influence, rather than trying to coerce them into submission. Governments, just like individuals use money to this effect.
Money in the largest sense of the term is anything that has value. Thus because everything has value, even thoughts have value, everything can be considered money.
National Currencies & Governments
Fiat-money, also known as national currencies are governments favorite type of money. They are created at a negligible cost, and can be used to buy anything of value. Governments are the only institutions allowed to create millions and even trillions of dollars out of practically nothing.
These money are legal tender, meaning they cannot be refused as a method of payment, ultimately granting governments the power to buy everything they want.
To be exact governments aren't exactly those creating most money in the world today. (See "National Currencies Creation" for further clarification.)
National Currencies Are Backed By Violence
Violence is fundamentally what makes all this possible or as the Nobel Prize winner of economy Paul Krugman puts it: "Fiat-money is backed by man with guns."
Anyone requesting to be paid in something of more tangible value like food or precious metals, will have to face being chased by armed individuals persuaded they better be making those peaceful people comply to those unfair laws.
National Currencies Creation
In a desire to keep things simple I've omitted making a distinction between the governments who have delegated their power to create money and those who have received those powers. I've discussed money creation in more details in my previous post: "United We Stand!"
Cryptocurrencies: All-Time Best Investments
Priceless Knowledge
Bitcoin and a few other cryptocurrencies are the best monetary investments of all-time. Bitcoin is the first cryptocurrency invented and was release on January 2009.
The total market cap of all cryptocurrencies currently stand at $138B. It ranks them as the company with the 52th biggest market cap and in the 50th place between Argentina and Colombia when compare to the M3 of the biggest countries. [source: 1, 2]
Growing Investments
The sums of money being invested in cryptocurrencies has been growing at an accelarating rate over the past years. My post: "The Real Value Of Everything!" has more details on all of this.
At this rate, cryptocurrencies would surpass Apple's market cap of $815B in under a year and become part of the G20, ranking as the 18th biggest economy. In less than 2 years, cryptocurrencies would rank as the third biggest economy, right under China and the USA and 1 year later, they would then represent $120T. [source]
Knowledge Is Power
Cryptocurrencies are currently taking powers away from governments and redistributing them to individuals at an unmatched rate. Learning why, what are the present and future repercussions and how to profit from them are of the upmost benefits to one's life.
To rapidly sum up some of this, investing 10$ into Bitcoin in July 2010 when it was worth around 50 cents would be worth around 86,000$ today.
Cryptocurrencies Current Trends Will Continue
The Rational
The current trends are most probably back by sound monetary rational. Fiat-money creation benefits some unknown man with guns with unknown intentions, aka governments and their delegates, while everyone else have incentives to protect themselves and thus their wealth from those same governements and cryptocurrencies are currently providing the best solution in term of securing the majority of people's wealth.
Thus unless a black swan event happens, the current upward trends will continue.
Fiat-Money Benefits Some Special Interests
Fiat-money profits some, at the expense of everyone else because fiat-money is constantly being created at a negligeable cost, then allocated by The Federal Reserve throught different schemes like fractional reserve banking and quantitative easing, increasing the monetary supply thus making everyone else suffer from a decreasing purchasing power of their dollars.
Every national currencies are inflationary which translate in all of them losing some purchasing power over time. (The US Dollar's purchasing power is less than 5% what it was in 1913. - Fed)
Bitcoin Benefits Everyone Fairly
Creating new Bitcoin isn't done and cannot be done at a negligible cost and in fact, has been constantly increasing since is inception. The creation of new Bitcoin fairly empowers everyone who mine and hold them at the expense of governments which every Earthling is seeking to protect itself from.
Every Bitcoin holders and miners are subject to the same price fluctuations. Late adopters didn't faced the same risks as ealier adopters, thus the reasons their overall rewards aren't equal. Nonetheless rewards have been proportional to the risks and thus must be consider fair.
Cryptocurrencies' Growing Feedback Loops
Realizing Cryptocurrencies Fundamental Advantages
As a growing number of people realizing the fundamental advantages cryptocurrencies hold, a growing number of people are rushing out to buy cryptocurrencies leading to multiple positive feedback loops, among them the acceleration of the devaluation of the different national currencies, a growing incentive to understand cryptocurrencies and money at large and improve on them.
After realizing all of this myself, I've personally maxed out my credit card to buy some Bitcoin at some point and I've heard multiple people doing the same, taking loans or selling their house for the same reasons. I want to point out that this isn't a risk free thing, nothing is.
Cryptocurrencies Are Unstoppable!
Cryptocurrencies are definitely taking away one of governments most fundamental power without which they might not be able to survive, thus they might try to ban them at some point. A country or group of countries unilaterally banning cryptocurrencies risk being left behind without much chance of success at stopping them.
As a rule of thumb, cryptocurrencies will first pose greater challenges to the governments with the smallest guns, aka the smaller governments/economies.
When in desperate situations, governments just like individuals might attempt desperate measures. Ultimately cryptocurrencies take away from government to the benefit of everyone.
Cryptocurrencies' Greatest Assets!
When Paul Krugman said "Money is backed by man with guns." he immediatly followed suit with: "Bitcoin is not, so why would this thing have any value." [source]
Well, the logic is pretty simple. Bitcoin allows to store wealth and transact it all the while protecting its owners from being subject to the devaluation all fiat-money goes throught because of the inflationary policies observed by governments worldwide.
To top this off, Bitcoin and cryptocurrencies are helping in the creation of the much needed environments where those man with guns/governments could possibly be done away with once and for all. Anything helping doing away with violent governments have obviously great value.
Bitcoin
Bitcoin Primer
Bitcoin's Introduction Video
Bitcoin's Basics
"Bitcoin is a worldwide cryptocurrency and digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009."
"The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency." [wikipedia]
Bitcoin's Creation
Bitcoin was launched on January 3rd 2009 with the creation of what is called the genesis block. Prior to the genesis block, 0 Bitcoin existed. The genesis block created 50 Bitcoin.
The word Bitcoin first occurred in the white paper that defined Bitcoin published on 31 October 2008.
Bitcoin Blockchain
Every 10 minutes or so, since the genesis block of Bitcoin, a new block is mined or created and with it new Bitcoin are created. Taken together in the chronological order they were created, these blocks are referred to as the Bitcoin blockchain.
The current Bitcoin blockchain size is roughly 129GB. [souce]
Bitcoin Mining Video
Understanding Bitcoin Mining
The Bitcoin created with every new block are referred as mining rewards. Bitcoin miners receive newly created Bitcoin proportional to the computing power they provide. The computational power is referred to as the hashrate.
It's a bit more complex than straight forward proportional.
Mining is a record-keeping service. Miners keep the blockchain consistent, complete, and unalterable by repeatedly verifying and collecting newly broadcast transactions into a new group of transactions called a block. [wikipedia]
Bitcoin Mining Difficulty
If the computational power of the Bitcoin network was for example, 6 billion gigahash/s and blocks were found on average every 5 minutes instead of the supposed 10 minutes, then after 2016 blocks after the previous difficulty re-target, the difficulty would be double, resulting in subsequent blocks being found on average every 10 minutes. [Precision: bitcoin.it]
Every 2016 blocks (approximately 14 days at roughly 10 min per block), the difficulty target is adjusted based on the network's recent performance, with the aim of keeping the average time between new blocks at ten minutes. [wikipedia]
Bitcoin Price
Bitcoin Emission Rate
The number of bitcoins generated per block is set to decrease geometrically, with a 50% reduction every 210,000 blocks, or approximately four years. The result is that the number of bitcoins in existence is not expected to exceed 21 million. [bitcoin.it]
Projected Bitcoins Emission Rate
Bitcoin Mining Rising Costs
The advantages Bitcoin has over national currencies and the mining incentives it provides make it so that the competition to mine Bitcoin is growing. The rising Bitcoin mining difficulty and decreasing emission rate make the costs of mining Bitcoins to go up and because no one ever want to sell their product at a lost, the value of Bitcoin is going up.
Notice here, I didn't wrote the price of Bitcoin are going up, even though they are, I said the value of Bitcoin is, which is the perceived value people are willing to attribute to Bitcoin in relation to everything else they attribute value to.
Double Spending Attack
I thought important to add this part about double spending attack because it help to understand some fundamental aspects of Bitcoin.
Majority attack, also referred to as a 51% attack or >50% attack can happen if an attacker controls more than half of the network hashrate.
Someone controlling more than 50% of the hashrate, can trick the Bitcoin network by "spending the same Bitcoins more than once". This is a bit of an over simplification.
This attack has a 100% rate of success for someone controlling more than half of the network hashrate but can also sometime succeed if someone control less than 50%. (Click on the link below for further information.)
Since the attacker can generate blocks faster than the rest of the network, he can simply persevere with his private fork [longer blockchain] until it becomes longer than the branch built by the honest network, from whatever disadvantage.
A miner with more than 50% hash power is incentivized to reduce their mining power and reframe from attacking in order for their mining equipment and bitcoin income to retain it's value. [source]
Bitcoin Advantages Over National Currencies
Currrency Face Off!
Though the current cryptocurrency trends have an upper limit, they will continue their growth and help us to create a better, more enjoyable world.
I will repeat my simple comparison from my previous post which help understand why cryptocurrencies are shifting power away from central authorities and how this is greatly benefiting everyone.
I want to add, cryptocurrencies cost less to transact than fiat-currencies. They can also be used as contracts, smart contracts, systems of tracking and much more.
Cryptocurrencies also take away from governments' powers which as I previously said are today's most violent institutions. These governments use violence following arbitrary decisions made mostly by unknown man behind closed doors leaving no one safe.
National Currencies
- The cost of creating new money is negligible.
- The future creation rate is unknown and decided by a small group.
- They can be counter-fitted.
- Nobody knows exactly how much money there is.
- Benefit those who benefit from the growing money supply, at the expense of everyone else. (It's that simple.)
Bitcoin
- The cost of creating Bitcoin is non-negligible.
- The exact future creation rate is known.
- They can't be counter-fitted.
- Everyone can know exactly how much Bitcoin has been created.
- Benefit everyone fairly.
Further Comparison
- US Dollars' purchasing power has gone down 11% in the last 7 years
- Bitcoin purchasing power has gone up 799,900% in the last 7 years
Understanding The Crypto Revolution
The Crypto Rush!
Everything stated above should make the reasoning behind the below quote more oblivious. The implications of what it state are profound as this post already discussed.
"Hardware miners capable of mining cryptocurrencies have become the most profitable commodities as well as the cryptoccurrencies themselves."
Cryptocurrencies Are Self Improving
The above quote was followed by:
"Cryptocurrencies based on other mining process than POW, like those based on DPOS such as Bitshares, Steem and EOS could very soon change that, meaning those process could become more profitable."
Understanding DPOS
The article below is possibly the easiest guide to understand DPOS' basics, delegated proof of stake. I don't necessarily think DPOS can become more profitable than POW, proof-of-work but DPOS clearly allow for many advantages and useful features POW cryptocurrencies will never be able to provide. DPOS is very revolutionary and is a big plus for the cryptocurrency space.
Some Advantages DPOS Has Over POW
I don't think DPOS systems are ultimately superior to POW systems or vice versa. Both systems complement each other nicely. Though it needs to be said, DPOS are less energy intense per transactions than any POW coin at this moment and in that sense are superior which in the end will most probably play in their favor.
Understanding EOS:
Dan Larimer's interview listed below is by far the most awesome thing I've seen on EOS. Dan Larimer is Steem and EOS main inventor.
Working Toward Peaceful Cooperation Against Tyranny
Cryptocurrencies Are Our Peaceful Way Out
Putting an end to governments' tyranny should be on everyone's agenda or they'll eventually end up being pray to it themselves or their descendant will.
Cryptocurrencies are putting a dent into governments' tyrannical powers all the while making the whole endeavor very profitable for those who use them.
The risks associated with their use are a good proposition value for most in comparison to not using them and risking missing on their future price performance.
Creating Positive Change
Creating positive change rarely comes from rebutting every falsehood ever uttered or written but rather it comes from empowering those who are ready to be empowered.
Let's all work together in concerted effort constantly seeking to better ourselves and environment.
Acknowledging The Plight Of The Less Fortunate
I'm grateful for everything I have and once more hold dear to acknowledge the plight of the least fortunate, those facing injustices and anyone going through some hardships whatever those are.
I humbly accept I cannot change everything all at once and I look forward to improve my ways of life and spreading joy far and wide as much as possible, knowing full well no one is immune to lose everything at any moment.
Using Steem As An Educational Tool
To solves humanity's biggest challenges will necessitate more than just a couple good posts. We'll need a global enlightenment which can only take off influence by each of our actions.
No matter how insignificant Steem might currently seems, raking only a couple thousands views for top trending posts, we are nonetheless giving birth to a matrix of intricate knowledge and human relationship of unprecedent nature.
In the end, each of our actions duly matter, even on a global scale.
Useful Cryptocurrency Links
Cryptocurrencies
- Coinmarketcap (List 1,000+ cryptocurrencies and much more)
- The Bitcoin Economy, in Perspective
- Mining Profitability Calculator
- Cryptolization
Bitcoin Charts
Bitcoin Video
- There's Nothing That Can Stop Bitcoin - 5m
- How Bitcoin Works Under the Hood - 22m - (Advanced)
- Smartest People in the World on Bitcoin - 5m - (Compilation of Mainstream News Media Speaking with Corporate CEOs and Company Founders on what they have to say about Bitcoin.)
- The President Obama about Bitcoin - 1m
- Roger Ver on the importance of Bitcoin - 1m
- Blockchain 101 - A Visual Demo - 18m - (Advanced)
Bitcoin Mining Farm Video
- A look inside America's largest Bitcoin mining operation - 1m
- Life Inside a Secret Chinese Bitcoin Mine - 9m
- INSIDE THE GENESIS MINING BITCOIN MINING FARM - 6m
Steemit's Popularity Is Still Skyrocketing!
Steem is a cryptocurrency. It allows for new feature Bitcoin and other cryptocurrencies don't have. Click here to learn more.
Steemit.com, which give access to the Steem Blockchain, is still quite small but its popularity is rocketing at a very impressive rate!
Share the fun by inviting your friends!
Approving My Witness!
Witness #53
I'm still a couple of thousands minnow votes away from reaching the top 50 witnesses or 1-2 whales votes.
Would you consider voting for my witness to help us Steeming the world we all long for? https://steemit.com/~witnesses
Thank you for reading and for commenting! I read all comments!
Fun Quote
"Right now I’m having amnesia and déjà vu at the same time. I think I’ve forgotten this before." - Steven Wright
Good To Know
I use Markdown Pad (free version) to create my posts and I recommend it to everyone.
How to align pictures.
Get On The Chats!
Not the private messages but in the chat rooms. These are some of the best places to makes some Steem friends.
- Official Steemit.chat
- SteemSpeak.com @fyrstikken @fyrst-witness (24h/7 Voice chat)
- Peace, Abundance, Liberty @aggroed @ausbitbank @teamsteem & More (Minnow Support Project)
- Whareshares @fuzzyvest @officialfuzzy
- The Pirate Podcast Raido @sirlunchthehost @beanz
- Steemit Talk Podcast @steemittalk
- Steemit 101 @mrviquez
Find Out More!
Steem 101
- "Steem: An In-Depth Overview!" (The most in-depth and clearest guide to understand what Steem is and what it can do for you!) (Reached top #1)
- "The Ultimate Steem Guide!" (How to Use Steem: The revamped edition.) (Reached top #1)
- "What Are Steem Witnesses And Why You Should Support Them!" (Your 30 most important Steem vote.)
- "Some Steem Stats!" (Empowering Cryptocurrencies Stats, Steem In Particular.)
- "Some Steem Tips For Some Steem Success!" (Who to follow and many more Steem fundamentals every serious Steemians should know!)
- "Hello Steemit! - Coinmarketcap.com Introduced Me!" (Template people can follow for their own introduction post. It list my most favorite short video and documentaries.)
Some Of My Best Posts
- "Stand for What Feels Best!" (Money in the world today is created out of thin air by a small elite group at the expense of everyone else.)
- "Creating The World We Long For!" (My last post from my previous series, listing my 16 previous posts.)
- "Thank you Dan Larimer! You are a great mentor!" (Dan is the Ex-CTO of Steemit)
- "Steemit.com Set To Become The World's Most Popular Website" (Part of The Ultimate Steembook)
- "The most beautiful thing I’ve ever heard" (My best paid post at 8,000$)
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Disclaimer: I am just a bot trying to be helpful.
joy is best post
My boyfriend would love to debate with you on that! He's actually the one who introduced me to Steemit and cryptocurrency. I recognize him through your words. Keep it up dude💙💫
It's good to know I'm not alone. I don't think anyone who understand the current system of money creation could ever route for it.
Oh no..my brother.. you are nowhere near alone...
me too...my bf introduced me to all this
wow / super cool post / I APPROVE ! / resteem (-:
Cool!
Extensive and very thorough article. The connection between government oppression and fiat currency is particularly revealing and provides so much of the incentive for alternative monetary systems. Looking forward to see how far this proverbial rabbit hole goes. Thanks for posting!
It's a beautiful love affair between fiat and governments. The whole world is under their shackle.
Yes agreed....as economics > politics
This is a most excellent post and I share many of your opinions, as a witness would you be on the side of the new minnow starting out because some of them are starting to feel there is no hope.
I try to do my best. It's not always obvious. Don't despair. Make sure to not lose sight of the bigger picture.
Qu buen post geniales ideas
I do have to say that mining fairly honestly is not a thing anymore. Unless you have some serious hardware your not going to end up mining anything which ends up leaving it to a few core power users, business, governments which is the part that worries me at the moment. If everyone with a CPU or video card could mine at at a profit then that would decentralize everything more.
True but it still infinitely better than fiat-money.
Given how it has gone so far, I don't think this will be possible for Bitcoin unfortunately. What comes to mind though, is how Ethereum said is built to be resistant to people with ASIC's. While Bitcoin may still be vulnerable, it is some consolation that what could be the future of legal and interpersonal contract enforcement would be resistant. Any thoughts on how Bitcoin could be made easier for the majority to mine in a way that does not change the whole system?
Anyone who thinks governments are not mining are fooling themselves too. They have the processing power and have us paying their electrical bill.
That's correct.
It crazy really the fiat system as they never create the interest that needs to be paid back so a further loan is needed to pay back the borrowed amount.. all a scam imo and backed by what fresh air...
I Stack gold and silver due the physical value and it has been around as a storage of wealth for so long.. but how many peole actaully know it's real value.. the central banks do the goverment do but not many people do..
I do worry that the crypto currencies are just a way to the cashless society once they show you how good it is and everyone is on it they will say we don't need cash any more.. fiat maybe a bad system how it is now with the debt and it being based on debt. so i do worry if say there was no cash at all and how easy it would be to control and surpress the people and a certain view. Don't get me wrong it's a good thing but usually the powers that be turn everything in there favour and towards the agenda and not much happens unless they want it to.. great info by the way will resteem it so i can check it again tommorrow alot to digest..
I agree the power that ought not to be usually try to turn out everything at their advantage. I share your opinion on the possibility you mentioned.
That's the whole thing about the system it's all inter linked and they do have a habit of guiding the people into a direction.. be watching to see how it all pans out thats for sure..alot of people are blind and i think more and more people are starting to see what is going on globally at same time more and more are drawn to cyrpto's almost like the gold rush right now or a bank run as people are transfering to the new system. look at steemit what a great concept but the powers will think it's the wild west and is a big threat to the corporate machine.
please follow me and vote me i will to you.thanks
https://steemit.com/best/@comingfirst9/best-technology-of-the-day
I've been wondering about that for awhile now. Who's really behind this. This is the first time I've come across anyone who's said it out loud. I do hope we're wrong, Probably not, But even if that is the case it's still best to get in and get comfortable early on.
Dont worry its just an anonymous hacker not the CIA =-p
So do i.. but i guess more and more people are making the move and a bit like stackers of gold and silver a lot of crypto believer's are of the same kind of view. problem is the deep state infiltrate and destroy every real threat..to there system or just buy out the tech.. so many ways to gain control. or they just kill off stuff that cannot be monetised. Thats bad for them..One to watch closely as goverment backed crypto's come online. as well..So many of us are so conditioned we do the work for them without knowing the true reasons behind it and if they did comeout and say this is what we want a cashless society straight of the bat which they have been shouting about more and more and this is the new system. we all be like no way but it happens slowly over time so no one notices till it's to late. but i guess all we can do is do what we do and is money to be made but from my view ethics over profit everytime. they don't think the same though so is like fighting a battle you cannot really win as they play both sides of a sword so who ever winsout they win and still have the control is crazyness.
Isn’t the Fiat money backed by Gold?
I do not know about the US, but the Indian Rupee is backed by Gold.
Indian Rupee is not backed by gold. It is a fiat currency, meaning it has no intrinsic value other than what is derived from government laws and regulations. As far as i know no currency is backed by gold anywhere in the world. It does not meen the goverments or central banks do not have gold. just that the paper notes cannot be exchanged for gold with them directly as they once did. where the term promisary note came from. you can buy gold with any currency but it is not backed by it how can it be.. there's way more paper money than gold. Plus they can print as much as they like.
think was 1971 when america got rid of the gold standard and seeing as the us dollar is the reserve currency no currency can be exchanged unless into dollars first..So everyone else must use the same system. thats why we have whats going on in the world to save the dollar and stop countires wanting to ditch it as the reserve currency.
Thanks for the explanation.
No problem at all
loved the use of the matrix quote! :) very thorough post!
That one was added at the very end, I had already published my blog when I added it. I love this quote very much.
gives it a nice finishing touch 👌 😊
Great post. I will share this with others who come to me asking about Bitcoin.
Upvoted, Resteemed and Following.
Crypto currency is one of the best invention to promote fairness and equality in global level. However, it become a threat to the goverment's central financial institution. And we are all aware what a government can able to do, especially the U.S goverment who is willing to wage war, sacrifice it's own people and all other asset in the battle field to take down direct threats to its power. And as mention crypto is a direct threat to goverment! What would be our future?
if anyone feels like going to a "Solar Eclipse Watch Party"...(Its a free invite).. do read this
https://steemit.com/nature/@cutu/invitation-for-a-solar-eclipse-watch-party
Cryptocurrencies are just one example of decentralized technologies.
I totally agree about cryptocurrencies!
I'm so excited that I have learned this early,
and am amongst the first 1% (or much less) of people in the world to invest in cryptocurrencies.
Great post!
Same for me! Yet some people mistakenly think they missed the boat! Maybe this post can rectify some of this.
I get that missed the boat feeling SOMETIMES! Then I see posts like this and I am filled with joy again instantly! Super grinning I love crypto!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Very meaningful work, a good analysis. Thank you.
I am by your articles learn.
Great article, very complete.
I'd love to see more article comparing fiat money and cryptocurrency like this one, it makes me feel they are more and more real and strong than the ones we use everyday !
Voted for you on witness. I truly enjoy your post. There are a lot of things I can learn
Thank you! I really appreciate your support!
What timing.
I spent the evening trying to explain all this to a friend who says Im the only person he knows who ever mentions Cryptos or blockchain or content curation rewards sites or any of the things you've mentioned. Then I come accrost this with way better and more indepth explanation than I could ever provide.
I messaged him the link.
I believe you have successfully convinced the first of any people I know, finally to come and play with me.
Thank you.
And, I love the links inside and after the article.
That should keep us both busy awhile.
Im pretty sure I will keep using this article to send to people after attempting to explain all this and trying to convince friends to come and play with us.
At this point Im starting to feel like a crazy person ranting on and on for years about things that nobody has ever heard of or come accrost.
Thanks for the in-depth explanation and great article.
I wrote this post for this exact reason. I look forward to pass it to some of my friends myself.
Great write up and makes it easier to explain it to friends and family. From now on anyone who wants to discuss it with me needs to read this first.
Great in depth article! I'm loving the crypto world!!
Definitely
please follow me and vote me i will to you.thanks
https://steemit.com/best/@comingfirst9/best-technology-of-the-day
if anyone feels like going to a "Solar Eclipse Watch Party"...(Its a free invite).. do read this
https://steemit.com/nature/@cutu/invitation-for-a-solar-eclipse-watch-party
I agree, the article has plenty of good arguments, but I have just one, tiny nitpick: Paul Krugman is hack of an economist and is very anti-cryptocurrency: https://krugman.blogs.nytimes.com/2013/12/28/bitcoin-is-evil/
Good stuff thanks a lot!! will definitely share it with my friends , bet it will help them.
Thanx ,very interesting
I completely agree with you
Hey! written compelling comment for vote....:)
wonderful comment dear...keep steeming hot!
not gonna like, WAY TLDNR, but... I agree with you - they have to be the anti-government answer, but... who's to say they can't come in and take them all over? or if the Rothschilds just go in and buy them all.
(sorry if that's already in your post ^... but its time for bed and I figured i'd try to get a quick lazy answer lol.
if anyone feels like going to a "Solar Eclipse Watch Party"...(Its a free invite).. do read this
https://steemit.com/nature/@cutu/invitation-for-a-solar-eclipse-watch-party
Awesome brandylynne ! Bitcoin is growing daily
if anyone feels like going to a "Solar Eclipse Watch Party"...(Its a free invite).. do read this
https://steemit.com/nature/@cutu/invitation-for-a-solar-eclipse-watch-party
what dobyou guys think of iota...? seems promising to me ;)
Are there any other sites like Steemit?
Good question @imransoudagar
I am not aware of any other currently operating websites and blockchains like Steemit. It would be good to know if there's anything else out there. I haven't been able to find anything close to it, from the research I've done.
Akasha is an Etherium based social network, but I don't think it's fully functional yet (please someone correct me if I'm wrong).
I guess Akasha is not fully functional.
I checked Akasha, it is available as a desktop app. There are just a few users, let's see how it turns out to be.
Synereo is running a site called Wildspark to curate Youtube videos, but its really poorly set up. They have you share links to the youtube video to Facebook and a couple other places you can choose, But the links show up like a Wildspark add instead of a video link and nobody clicks on them.
They say that the video creators can contact them to claim their rewards if people choose to Amp their videos.
I didnt think much of it. It will take a lot of work yet if they want to make something out of it.
But you get 10 free coins to start.
Looks like there's Steemit and Golos, I checked Akasha too but it is a desktop app and I do not think people will like it.
Thanks. I'll check em out. I like using the desktop better, but just don't get to as often.
Great post, we use steemit for a educational tool and for fun. I like the fact that anyone can make cryptocurrency for their posts, the idea of a currency that is not controlled by any government.
Great well articulated post. Thank you for sharing.
Thanks for your post. In fact, Crypto currency may have huge impact for the gov 's finanical institution, may be for one day, some gov will make intervention / control of Crypto currency.
Great post. A lot of info here. Especially thanks for the link to MarkdownPad 2. Definitely something I need going forward.
re steemed :)
really informative post for one who want to learn about bitcoin. the main thing is that bitcoin has a bright future ahead. thanks for sharing such instructive and informative contents. feeling motivated:-)
I've got a friend who's so obsess with this cryptocurrency...i'm gonna make sure he reads this.
post a great can be useful can be used as experience .semoga be a friend who can help me in order to like you ..... to dream and hope in reach. like @yooraa need dukugan friend. greetings esteem.
Interesting 😆
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STOPSoo Good!
Very informative and well written post! Thank you.
This is by far the best post I have ever read on Steem, really thanks for all your work and effort, you have my vote for Witness
Thank you for the support! I really appreciate it!
If all people used this drug maybe the world would be a better place. Follow me to to keep up with my drug trial....Smart drug ....Lets find out..
Really love it, you did a profound and and amazing work, very well explained and easy to reed. THANKS
This would be a great help whenever i'll need to explain what's btc/blockchain for my family members .
Really nice and smooth explanation . Keep it up!
There is one potential large negative to cryptocurrencies. An EMP (electro-magnetic-pulse) detonated over the US could erase everything, and make all computer chips non-functional. I don't think the odds of this happening are high, but I would avoid putting your life savings into cryptocurrencies. Just something to be aware of.
comprehensive post. "Steeming has clearly played an important role in helping me coming up with some of my most satisfying thoughts and actions over the past year. I really look forward to steeming it up even higher!" awesome words when I saw old member like you describe their admiration towards the community that make me feel energetic to keep going with my blog in deed steemit is the best thing has happened to me this year I wish I knew it in 2016 . as a newbie I facing frustration at the beginning anyway I 'll hang in there and I'll make it happen. I know what it takes I have patience and I'll do my best. thank's @teemsteem for this inspirational words .
wowww...it's amazing post...very very like this...
New ico ohni tiền xu miễn phí
https://steemit.com/bitcoin/@anhkhoi/free-ohni-coin
I couldn't agree more - monetary wealth is the lubricant for the sustenance of capitalism. The key is to break this dominance by creating a democratic form of monetary wealth through the blockchain and crypto-currencies. Great post!
best article I've read all day! super awesome content.
Wow! This post has all the things anyone needs to know about cryptocurrencies, good articles to start. I am always thankful that steemit made available to people, to educate share knowledge at the same time earning. Thank you @teamsteem for taking time to collate all these articles about bitcoin/cryotocurrencies/steemit
Wow! This reads like " The Evcyclopedia of Fait and Cryptocurrency". You did a great job of detailing the effects of money in all forms and the various Governments of the world and their stronghold on society! Well done papa!
I respect what you have done here for SteemIt and for Minnowsupport. As a member of that "club," I thank you. However, reading what I quoted above...
I'm sorry. That sounds like some kind of a soundbite. Are you trying to channel Dan Larimer? Do you think it's cool to be watching the Miss America beauty pageant and hear one contestand after another come forward and talk about how their goal for winning is to help promote, "World Peace." ???
Well, that's exactly what you started off sounding like. And, excuse me for telling it like it is - but you are hurting my ears. Please STFU!!! Quit tayloring your approach to what you think everyone on SteemIt wants to hear - and start saying something original and authentic.
After that B.S., I can't even be bothered to read the rest of your post. I don't think I could handle that much disappointment and boredom all in the same evening.
Any idiot knows that violence is not the answer to lifes' problems. We don't need you to continue to pound home the point. Yes, you have an amazing talent for pointing out the totally obvious and completely self-explanatory. Now, tell us something we don't already know...
I've been looking for solutions to world problems since my very young age. One of my oldest and most memorable moment was about this idea. I'm authentic. You are entitled to your opinions.
The closest thing I could think of as a solution back then was something akin to what we can see in El-P Deep Space 9mm video, where almost everyone is pointing guns at everyone else.
It was more something like an acknowledgement of my incapacity to find a viable solution but maybe violence isn't totally necessary after all.
I'm inviting you and everyone else to put to good use what we know in regard to violence and in the way we express yourself.
I "get" the video. Good one. It's just hard to go through all of the formalities and thinking when I'm tired. An artist can put it into pictures and words for me in a way that an article never can.
Awesome!
It sounds like you missed it above, so I'll share it in a reply:
"Fiat-money is backed by man with guns."
Fiat currency, I wouldn't call it money, is indeed backed by violence.
Without military powers protecting the banking interests, fiat currencies would have failed long ago. Some people like to suggest that the US Dollar is backed by oil. It's not or at least hasn't been for a very long time. It's backed by military power instead. That's what maintains its value.
The US government demands certain countries continue to use it, and those countries know the consequences for refusal. Look at all the proxy wars and conflicts happening now and in the recent past. They are or were all about securing resources, confiscating gold, or some other economic profit.
Therefore, this isn't a soundbite or gimmick sales pitch. It is a genuine problem, and Steemit is part of the solution. Instead of directly confronting a system we have no chance of defeating, we are instead creating alternatives. We are walking away.
Most people in this thread might not even realize this, but crypto is breaking the centuries long banking paradigm without firing a single shot. No violence is needed. People simply stop using fiat in favor of crypto, and then fiat systems, including all the violence supporting them, end.
That's not a soundbite. That's fucking beautiful.
Awesome comment.
I too don't consider fiat money as money but that's the term used on Wikipedia so that's why I use this term. Funnily enough I've just looked at the page there and here is the first line.
Yes, the "powers that shouldn't be" love to confuse money and currency. I guess an easy way to answer the question, "Is it money or currency," would be "If the government didn't exist, would it still be worth something to other people?" US Dollars, no. Crypto, yes. Precious metals, yes.
See, when I come home from work - I can't wrap my head around all of this frilly language. Someone like you has to just put it all into plain English, in a way we can all understand.
If I can't get past the first paragraph of a post, because it sounds like a Unicorn ran down the end of a rainbow to find a pot of gold with whipped-cream & cherries on top - why keep on trying to read the rest of the post. I just roll my eyes and go find the next person who is original and authentic.
Sometimes a persons' approach to a topic can be "too polished." In some of those kinds of cases, i find myself unable to relate.
very beautiful photo
very good post
https://steemit.com/@comingfirst9
More Information and more like this please try
I am agree about cryptocurrencies!
Really appreciate this post first heard about bitcoin in 2014, but could not invest as I had to choose between creating a business or invest. I choose my business which is young and still growing. I only started to invest in bitcoin this month a small amount each month is my plan. As I can see where it's going and the good it can do for the little people all over the world, were all trying to survive and be happy but the powers that be would have us under this modern day slavery to their greed and ever growing debt. It's quite funny and sad at the same time how gullible society is as a whole and how we allow a few to bully the mass. I feel that bitcoin will give the people back their power and then peace can reign globally. I thought that I had missed the boat by investing late it's not about being rich or greedy for me it's just about financial freedom, being able to be of service to others , doing things with passion and creating love every step of the way. Thank you again for this post.
I really love that quote.
Such a valuable information as I'm a beginner. Thank u.
wow, great
First of all, woaahhow 👌🏻🤙🏻 Really like your blog. Check out my blog and follow me, I just started and it would be nice if you guys can support me. Thanksss 🙏
@rawveganita follow this guy! And this post will help you get up to speed with "crypto currencies"!
I agree with you on most of the issues you raised, especially on cryptocurrency being an asset. I think, in looking for where to invest, cryptocurrency is still better than the stock market. On the issue of risk, it's a bit minimal, looking at the market trend.
I have many different baskets, so to speak, and crypto is only one of them. Then I split up my crypto too. :)
A very interesting post and can be interested in my heart when I saw it greetings from my friends.
@abupasi.alachy
Cool post!! I wish I could write like you can. Beautiful layout/setup of the post!!
https://steemit.com/@comingfirst9
Beautiful words by @ teamsteem "Unnecessary violence always ends up being the biggest preventable threat to one life's enjoyment."
steem playing a very positive role in earning as well as improving mind ability, & interaction between world members creating love and care with each other. Thanks for sharing
Knowledgeable information thanks for sharing
Awesome in depth post! Definatly agree on cryptocurrencies, i think everything will move to them because today's "money is worth less and less by almost everyday, and BTC is skyrocketing like crazy :) Thanks for sharing! #keepsteemin
Great article. Think Ill do a double read!
Great Article..loved it
How I wish I can explain all this process to my friends here to start going through crytocurrency. Which i meet someone like you to introduce how steemit works in this modern world.
I'm completely hooked with the blockchain and cryptocurrencies. I can't stop learning about them everyday.
I've been investing free dengi lately in the crypto currency. I bought a dozen different altcoins. Here I wait now, which of them will work :)
Great post with excellent summary!
Thank you for your information. :)
Thanks for the information, very useful for me @teamsteem
follow me @hattaarshavin
Crypto currencies are surely changing our lives in a positive manner.I personally vouch for having both fiat and crypto currency available to us, rather than relying only on cryptos.
Wow that was pretty neat
nice pict
Thanks for this great post I am still new and reading everything about crypto-currencies that I can lay my hands on.
Thanks for the great article! all facts at a glance...
bookmark
Yikes, how long did this post take to compose? Amazing work and very comprehensive; among other things, you give the clearest explanation of mining that I have ever seen.
It's always nice to see people for whom crypto is more than just a means to profit. I do think the wide spread of cryptocurrency across the world will change things for the better. The governments will not take it lying down though; that's why Ripple worries me
I'd say more than 20 hours with the editing, picture seeking and everything.
What a breath of fresh air to hear it all explained in an organized manner. I, like many others, have found difficulty in explaining the concept of bitcoin to others once they starting inquiring about the details. This article however, outlines it all in a very clear an understandable way, giving me some useful guidelines and quotations that I can use during my explanations. Thank you for the great article!
Seriously one long post, I've read half of the way.. gotta keep it for tonight reading time. thanks for sharing btw
Exactly ! So many people are still asleep and in denial. Almost impossible to talk and convince those. They'll learn the hard way i guess.
where i can mining bitcoin
Don't. But Bitcoin instead even if it seem ultimately less profitable. If you still want to mine try to get your hands on the very latest version of the antminer. I still don't recommend it and recommend instead everyone to buy.
We are still in the future!
@teamsteem! I need to get our recruited members to vote a very special person like you. This blog seems to be one of the longest I've ever seen. All of it were very informational! This is the first time to read a very long article in full along with @donkeypong's post.
Guys ! Let us help this awesome man to have a spot as a witness! Teamsteem take our energy!
@dwaeji-aizelle , @themanualbot , @leryam12, @japh, @jcupzs1, @shaineloo, @ted7, @whitearcana, @jocephil, @roralyn, @hillarya, @jadmarqneb, @jryouken, @rakerumon, @belvaj, @mosheheart, @lykaislove, @queenjventurer, @jhncrlo05, @khanjohnn, @josephfugata, @marysent, @marygod, @lizzzyxoxo, @codygee237, @ceszar, @matidios, @joffitzone, @tsukikei, @ditz.
And many more from your friends! I may forgot some but lets give all our energy to this man! :)
Thank you for the support and call for action. I really appreciate it.
I too read the whole long article and indeed it was excellent! I also agree with his view on the guberment and its control matrix, but ultimately they are controlled by the bankster cabal. Respect for calling for support of the article!
Your post is so complex! You are right, we should fully enjoy life.
Carpe diem! But also we need to be informed and to have a goal!
Thank you for sharing this with us @teamsteem
Thank You 💙
nice post
Great article!
You do always great job, doing this for us is good, we just read something we don't know it #teamsteem
cryptocurrencies are here to stay and I think everyone will understand theirs beneffits
great post and info, we are unstoppable! upvoted and followed.
Awesome post thak you for sharing it's very useful
Good post very nice you follow me friends and
My post open and votes me
https://steemit.com/crypto/@shahzadm/bitcoin-next-king-the-champcoin-tcc-exchanges-cryptocurrency-digital
Ihttps://steemit.com/crypto/@shahzadm/bitcoin-next-king-the-champcoin-tcc-exchanges-cryptocurrency-digital
Thanks for posting such elaborate post on crypto currency. Helped a lot to understand it easily. Keep up the good work :)
Sounds softly whisper between your shadows spoken words of love that once stored and did not want to go, twinkle of love is born but become a story that can not be forgotten my heart be hearted and do not want to go.Mungkin i have love like this again do not let me lose Anda.Coba dengarlah I swear from the heart I love you do not hear the word those who do not want us one make sure I'm yours, I'm yours. Integrated sincere love affection tied tightly do not be separated anymore time test our love both
I really wish I could afford bitcoin. Even when it was 800 per coin, I was struggling to bite the bullet and get one or two. I'm hoping to see steem become as reputable as BitCoin.
NICE! UPVOTED and RESTEEMED
Wauw, I might be the first to say that I did not read all that in 1 row, it took me in total 4 hours to read it in bits, but it was however worth it!
I still don't understand most of all this, (I tend to be honest instead of pretending) but this article lead me a little closer, and for that I thank you. And because of that, I finally took my time to do the witness thing even tho I still dont quite understand it, but what I do understand about it is that it should be used on some who are active, and in my oppinion valuable and helpfull.
If Neo says it, we need to believe!
If you have any questions I would be really please to try to answer them. If you didn't understand everything there is most probably other people out there who also didn't understand but chose it was better to abandon the project and simply not tell anyone.
Thank you for the support.
your post is very good
https://steemit.com/@comingfirst9
Really great post and very helpful information. I am still trying to figure out steemit and whether I truly like and believe in its future potential. It is these posts and more even the investment of time and thought that goes into such a post that shows me there is true value in the product / platform. With respect to crypto currencies and block chain projects, I am with you and totally sold on their value and potential for future. I have recently quit my job (similarly to you) also thanks to some extra profits in the crypto space which allows me to try something new in life and follow my passions (food industry). Hopefully it works out! And if not, at least I know I tried and what it takes to try it again! Keep up the great work, happy to have found your channel and following for more. Cheers
Nice post.
Just having the chance to be here with you guys meens so much to me! I feel lucky about already being in this space when it is all in it's beggining. If you thing that it is too late to get your piece of the pie, to get involved in the cryptocyrency space you are not late my friend. It is just the beggining of a huge project. It is incredible that we are seeing it happening right now in front of our eyes!
It is sad to see how the world and its governments control us with their money. I am glad to be in this new movement with crypto currency. I can tell that this is definitely worth our while and this is going to become the future of buying and selling. Although i am fairly new to this, I already love the concept behind it all, and will also promote it where ever I can. I thank you sir for this valuable information provided. If you wish please follow me @york1
Upvoted you! very Good post.
Great and thorough information! My husband would love to talk with you about this, he is very interested in the crypto currency and was actually the one to introduce me to it along with steemit! I am going to show him this article tonight! Thanks for posting!
Teemsteem, today is my first day at Steemit and I see your first post on top. I am so new and trying to understand this platform. Please come and follow me and upvote me if you like my introductory post. Thank you. @rosatravels
Good posting! Go on my own to see some of mine !! Congratulations
Https://steemit.com/@rusinho027
Thank you, followed and shared to Facebook in hopes of some of the cows out there in the pastures getting wind of where the grass is greener. Much love!
very nice post bitcoin is on clouds at this time and it will go at sky within one month
Gogogo Dtube !
I am going to subscribe on it.
This is what I call a very comprehensive and detailed description. I read it through and checked most of the links as well and I know a lot more about the subject than before I read it through. Very well written, thank you.
Awesome!
Very according you the goverment are the cancer of the countries if the money stay in the hands of the people the world would different.
even after reading all these I still have so much confusions
Dude! I found your article while looking for info supporting my idea and here you are! Your timing is incredibly good. I will cite and reference this as further reading to anyone who reads mine before yours! Concise and well articulated, Good job, @teamsteem! Here's a Tip!
Peaceful Patriot
Need More Followers?
Great post!
@tipU - send tips by writing tip! in the comment and get share in service profit :)
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Excellent information
Whoho nice post loved it
Interesting
Very interesting..
Very nice scenery ... i love it
These are the things that I have lost all day, even everyday to explain to my girlfriend @a-alice. This article is very complete and accurate for me to convey to her
Ôi dài thế. Ck vietsub hộvk đi 😂
Oh Maaan, so I was wondering why I always miss your posts...turns out that somehow I wasn't following you!
I'm...well...I guess you could say I'm vapid.
You have been supporting me for a while now I think it's time i return the favor and damn WHAT an epic post!
Witness upvote!
Thanks for promoting quality content, and your contributions to MSP as well!
I think we share a lot of fundamental goals and interests.
I'll continue supporting you.
Thank you for supporting my witness! I really appreciate it!
I'm glad you enjoyed the post and supported it and took to the time to comment!
Great post!
good post
OH dear, how can you put together so much information so well ? I wish i could write this well too. Anyhow, i will follow you so i don't miss out on smart, very informative posts. Thank You for taking the time to create! Best.
great article. well done.
great article. well done.
This is a very good post anyone can tell a lot of time and effort went into creating this, Thank You!
Wow , one of best post those I have seen
buen post, ya te sigo, sigueme espero tus aportes en mis post, saludos...
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In fact this life is like a scenario, everything that happens, what we do and how our step in wading life all have existed before we were born into this world. Believe you do not believe, you all can prove it yourself. Then there is nothing wrong as the saying goes of life is the stage play. One thing we can plant in our mind is that god does not change one's fate but we ourselves change it.
great post :)
great post. Hi from Ukraine)
wow bro . It was delicious post
Crypto currency is future :)
A helpful post for new steemian user like me.thanks
That's all my can say to such detailed post. I'm overwhelmed 🌈 but really caught caught with those breathtaking colours in this image.
https://steemit.com/colours/@mammasitta/why-we-need-more-colour-days-pinkispunk-2017816t193946112z
More Information and more like this please try
Wow!
This is amazing. One of the best articles I've read here on Steemit.
I'm going to use this as a crash course for my friends to get them into crypto. :D
Thank you so much for your work.
Great post. I am so glad you hit on the educational potential of steemit. That is going to be huge!
I think so too! This is so much fun!
Thanks, this is exactly what I was looking for.Your thoughtfulness will always be remembered.. : )
I work on poetry have alook hope you like @funnystuff😊
This article is the best of it's kind.
Indept analysis was given for better understanding.
Am in love with crypto
Shalom
Nice quote! I had never saw that one before.
Power has its limitations and all things change. I believe in constant improvement (Kaizen) the Six Sigma process of eliminating defects in a process. It can be applied to all events of mind and the tangible. People are conditioned to have processes that factor into their overall personality. Creative minds are inspiring the masses to grow up. Currency is a manifestation of our notions of instruments of value and those in the crypto space have been proponents of solutions to many of the worlds issues. Look at Blockbuster and Netflix now look at Saicoin and the distribted cloud. Centralized and decentralized. I admire the Swiss representatives. What do you think of their way of government?
I love starting to read this post from "knowledge is power" to the end of your post. It gave me a new impression on Cprytocurrencies.
Regars from Aceh @teamsteem.
Arbi
More Information and more like this please try
Bereh that tulesan droe neuh hy @teamsteem eukk, lage lam kapai are.
Nyoe kan ku tuleh nyoe koen pu laen, nyoe ku meuharap meurumpok persen bacut bak si karma, meunyoe hana jih jok persen meu bacut theh sang hana so jok keudroe kuh, jadi nyoe komen lon numpang jak siat, meuah beuh, bek neukira apam syara beh, trimong geunaseh, mnyoe awak blah deuh khen thank you very much, nyan ban :)
Truly cryptocurrencies will definitely put an end to government's monopoly and centralization of currency
Watching the sunset is really pretty
@teamsteem
your post is amazing... i like this assertion that...
"Maximizing my life's enjoyment while seeking to put an end to unnecessary violence, is the single most fundamental precept guiding my life."
your knowledge of crypto is very beneficial to this community...learnt a lot here... thank you
So much infotech. I took my time to read word to word. Man, you are good!
Based on your post, I am sure you would love a documentary called The Four Horsemen. Pretty alarming stuff and along the same tradition busting views that you have shared here.
Yep. Seen that one. Crazy Stuff going on out there with most folks just drifting by unaware
Really this is the best post in my life, many many thanks for all your work and attempt, you are awesome
Good post and very useful
I'm new to the community steemit @leniheryani https://steemit.com/introduceyourself/@leniheryani/let-me-introduce-my-self-2017817t2599502z
Upvoted your article rather interesting.Will follow you and upvote you as well just need a little help from you kindly upvote my article dedicated to my friend who has cancer @rogerblu thanks a million@teamsteem
Amazing article my brother :) everyone deserves to be free and happy. Steemit has also changed my life and showed me that there is yet hope for something good to be created these days, something that may help humanity evolve beyond it's current state.
Cheers and all the best :)
great post your work is really appreciable and lot of thing i learn from you post thanx for posting this kind of staff
This feels good now, but let us be real - this won't last forever :)
ok jameslogan bro
So much good and interesting information to learn and absorb ❤ thank you for putting this one together for us ❤
whats app +2347080160490
www.paydiamond.com
https://member.paydiamond.com/register/AOGBORI
Did you just do that?
No, its been about 3 months now, and i have made just over $900.
New Resteem-bot & it's promotional offer's
@cloudymoon
Get a Premium Membership for the first 500 follower who resteem the post and upvote Click here!
Dang, that is how you knock it out of the park, eh?
Haha! I tried too at least! I'm glad you liked it!
Fantastic post and well done. I agree with everything you said about Cryptocurrencies and where the future will go. The counterfeiting protection alone is huge.
I've followed you for awhile and really appreciate the high quality informative posts you deliver. You've earned my witness vote.
Thanks @teemsteem ! Come say hi in MSP sometime :)
Excellent. This is the kind of writing we all should have handy when we start talking about cryptocurrency and people raise their eyebrows. It has a lot of statistics to close their mouth before they get to say: "you are crazy." Just great! And if I offer a conference on the subject, I will also give you credit for this information. Upvoted. Re-steemit.
Nice post. Iam member new steemit
I am newbie😂
Iam follow you @teamsteem
Follow me @emily1
This is right on the money.
Governments are parasitic. They seek only to hold power for themselves and they slow the development of humankind to a standstill every time they come into power.
A truly free market encourages everyone to put forth their best efforts as doing so guarantees they will be rewarded. I am of the opinion that no one can keep us from success once we realize it is God-given, but governments shatter the hopes and dreams of those who do not understand this principle.
Cryptocurrencies are our future - a sci-fi wet-dream come reality - and they are already shifting our world from one of unshakable bondage to one of freedom.
Great post, followed!
I just found a baby swallow and posted a story about it. Check it out here!. Or don't. It's cool. :)
Great analytical post that explains how Government and money creation dictates the life of ordinary people. Cryptocurreny breaks the status-quo and brings competition to monopoly of Government's monetary policy. Thus it can make the life better in non-violent way.
WOW!!!
Very Amazing!!!
I need some money!!
Compartes bastante contenido, me gusta tener que leer. Saludos
thanks teamsteem! this article is full of important information i will share this to my friends to fully understand the deep meaning of cryptocurrency,
it was too long to read. read only few no lies.. but loved the presentation style and the context. Great going,, long live steemit :)
Teamsteem
Wonderful post
It's the best information post I ever seen
@krpawarssc
Esta es la verdadera forma de alinerse con la sinfonia de la vida
https://steemit.com/trending/@sharoon/on-pakistan-s-independence-day-monday-14-aug-proud-to-be-a-pakistani
Cryptocurrencies is just the beginning of the process of governments becoming obsolete. WHAT A TIME TO BE ALIVE 😎
To empower the individual you loosen the power of a central authority if you are able into influence the process and delegate the power back to the people it is a step in the right direction. The population needs to be aware of their opportunity and must have the wisdom to know how to responsibly employ their new power. As children grow they become adults and in a similar fashion as society matures they will become more independent.
That's encouraging! It hasn't been easy trying to talk to people about cryptos, blockchains, etc... I had an extremely cautious ex-girlfriend who didn't understand, and was scared that there was some sort of legal issues, so she made me stop trying to mine Bitcoins back when you actually could with a decent video card. I've felt like I missed the boat. This article gives me hope!
Followed, upped, and resteemed! Thank you so much for sharing!
Hey very nice article and motivating too!!
Thanks for sharing your knowledge here...Frankly speaking i needed this kind of an article and finally i got what i wanted!!
ThankYou...it was indeed really helpful!!
Am gonna share it with all my friends who are into cryptocurrencies!!
Keep writing such posts buddy it helps alot :)
And hey i upvoted you and followed you already!
Hope to get followed back!!
I too write about bitcoins and stuff would really appreciate if you check them out and give your reviews on it!!
Cheers!!
So very meaningful information .... All of them can be extra references for us who are active in blogging and earning dollars ini internet ..
please follow me and vote me i will to you.thanks
https://steemit.com/best/@comingfirst9/best-technology-of-the-day
Wow this post is very long and good, I love it, though not so understand what is cryptocurrency.
I am still curious about the post that gets a lot of votes, I just opened the steemit, I have trouble to start it :)
I enjoy reading your post... Thanks for sharing all the info... And keep on posting more informative blog like this...
Alot of my friends want to join us here,but i dont really know about blockchains. This post can help me to make them realize how real blockchain is,and how important it is in the future! Thanks for informative post @teamsteem ,im sure my friends will understand all the difficult questions on their mind now!
good and useful informatuion
This is one of the bests research, info posts I've seen since I'm on steemit. As a newbie, I try to write about my life, some stories I have to tell, trips, art, Im a graphic designer. But Im a big fan of learning, and all I do when I'm reading here is related to steemit, or to crypto, and let me tell you man, you have some amazing way to explain your point and make a post the best way to understand. I would really appreciate if you check my blog, you don't have to upvote, just give it a look, thats enough for me. Greetings from far far away, steem on my friend.
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STOPGreat info today
Thanks for sharing.
So beautiful...
Upvoted your article rather interesting.Will follow you and upvote you as well just need a little help from you kindly upvote my article dedicated to my friend who has cancer @rogerblu thanks a million
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by Bi5h0p from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
This took a while for me to go through, was worth every second. Your incite is remarkable, we all share the same thoughts here, Upvote.
Beautifull 💖💟💝💗💛💚💜💙💘👍👍👍👍👍💛
nice post...thanks for your share..
WOW!
thanks for sharing master.. great post.. I hope will be able to continue to follow your post.
https://steemit.com/indonesia/@ponpase/ketahui-beberapa-hal-berikut-ini-jika-kamu-di-komunitas-steemit-indonesia
Information is great, I am happy to be here to get the latest information about bitcoin world. Thanks for the imformation @teamsteem.
Even though we are all hard, but we never stop seeking pleasure and try to produce the most pleasant thoughts and actions, all the time, that is our life, as if there is no burden whatsoever to our lives.
interesting ....
I think government should take it as a serious issue and should create/produce more ways opportunities to make people take interested in national investments otherwise everyone will move to crypto or anyother like neo.
Nice post. Join me as i explore STEEMIT AFRICA @ https://www.facebook.com/groups/steemitafrica/
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Nice brother
Wow, lot of information, I must come back to read all. Resteem for the people who didn't saw and for me to have it closer. Thanks!
Many thanks, a lot of information there, but well worth it for people like me who are new to the whole cryptocurrency concept. Its an interesting thought to have Steemit as an effective educational tool. Perhaps the educators amongst us could in time have significant enough numbers to be publishing educational material in enough breadth and quality to achieve this. I look forward to it happening.
Hope for the best.
Very good post, Hay @teamsteem I steemitvote I have been playing steemit for a while but I do not get a vote when I really need a vote because I live alone and I have financial problems I think by playing steemit I can overcome financial problems but it has not happened yet , Hay @teamsteem I really hope you can help me or if you can visit my post or if you can vote my post or resteem my post, I really need your help, hope you can petrify me. Thank you for your attention
https://steemit.com/girlfriend/@steemitvote/this-the-reason-why-men-are-afraid-to-have-smart-girlfriend-2017817t18364765z
nice one
very well explained article about the future Crypto Money
Thanx a lot :)
Such a cool article. Thanks For sharing this to us. I didn't feel that i am reading a bore article. you wrote very well .Once again thanks :)
agree @steamsteem I also hope to all people in order to get more spare time for it a positive thing, not to do things that are not useful as his violence or other useless things, I hope those people in this world know this steemit sophistication will, so that they can start taking the time landed on this steemit and try things other than positive things do it useless. Bagga steemit become a Member!!!
You do not want to face the wrath of my bunghole!!
Congratulations @teamsteem!
Your post was mentioned in the hit parade in the following categories:
Thank you @teamsteam for posting this amazing series! I am now following you and have upvoted and will share this post! Looking forward to seeing more of your posts in the near future!
Feel free to check out my post here where I am trying to donate and give back to this steemit community with my own money!! Every little bit helps !
https://steemit.com/steemit/@joeparys/help-me-invest-usd5-000-in-this-steemit-community-today-power-up-1
Sincerely,
@joeparys
Really thanks for such valuable posting. Will resteem and try to share as much possible^^
That was really long but worth the read/time. :)
Looking forward to best days for the cryptocurrencies especially Steem. :D
this deserves to be upvoted, really giving a lot of information the average people are not aware of thank you sharing this, resteeming it!
Wew!
this post is so awesome.. making such a big fortune from just one post
UNSTopable post awesome well done
such a nice post
Knowledge is power and Id like to share about this cryptocurrency ideas to other people.I guess 80 percent of people here in our country do not know about cryptocurrency and do not have even idea if what is crypto.Most of the people here are very ignorant about crytocurrency that can possibly change thier life.
I know! Crypto bring joy to its users! Make sure to spread this valuable knowledge.
Dear friends, This is my post on recent flood and landslide in Nepal. Any kind of help is accepted, each n every penny from this post will be donated to the victims. Thank you
https://steemit.com/help/@applesspatrick/90-dead-in-nepal-after-heavy-rain-triggers-floods-and-landslides
I can't wait to see banks dying :D
Greate post ! really informative !!
The photo is really beautiful .👌
Great post... following, supporting & upvoting ;)
keep it up!!!
BOOOOM!
Nice pic mr
Bit bit bereh post kah gam hay, poto that lagak kaboh euhh, geuhoh tabak-tabak qei...
Lage meutarek tarek kareet meunan keuh wate kunak koment atra kah,
Bereh that tulesan droe neuh hy @teamsteem eukk, lage lam kapai are.
Nyoe kan ku tuleh nyoe koen pu laen, nyoe ku meuharap meurumpok persen bacut bak si karma, meunyoe hana jih jok persen meu bacut theh sang hana so jok keudroe kuh, jadi nyoe komen lon numpang jak siat, meuah beuh, bek neukira apam syara beh, trimong geunaseh, mnyoe awak blah deuh khen thank you very much, nyan ban :)
How can I increse my steemit power?
Scientifically educational! I’ve read it and listened to twice to realize the author’s thought and ideas better. It took time. Thank you for your time you had spent to create the article for us.
Excellent post!!!
I am new to steemit and found your post to be very informative and educational. I will soon heed your advice and get involved with the cryptocurrencies. I found the Bitcoin Mining Farm Video interesting. I will need to come back and read this again as there is so much to digest.
Truly cryptocurrencies will definitely put an end to government's monopoly and centralization of currency, I'm loving the crypto world!!
https://steemit.com/opportunity/@nwoye/define-ur-self-here
The world is in a very unstable state as of now, economy's grinding to a halt, but i do believe that Bitcoin and also many others Altcoins will be able to restore that balance.. hence after all you can't somehow make more bitcoin, but as for paper money i don't think it will ever beat its successor Bitcoin
Thanks for spending so much time explaining this.. I'm going to be sharing with some of my friends who are still on the fence about Crypto.
Wow... this is a really well conceived and clear explanation-- going to bookmark this as a "teaching piece" for those occasions (many!) when friends ask me why I think "that virtual Monopoly money you're playing around with is actually going to BE something in the world."
Of course, there is still a lot of work and education to be done... and I'm not entirely convinced that it will be Bitcoin that will lead the way to mass adoption, although it might remain the "gold standard" of cryptos. I'd think something with fewer (technical) barriers to entry-- like Steem or some future version of it-- might lead the way since it's easier to understand, and accounts are just names rather than a bunch of numbers... in the functional sense, people are weird about ease-of-use.
Excellent article @teamsteem-- well done!
Very lengthy article but so meaningful and well explained
Great post.
My brother @eliel, met the bitcoin when it was $ 70, and he always spoke in cryptocurrence, and everyone ignored it, that does not work, it's a scam ... At first I did not even care. And everyone finds him annoying with so much he spoke.
And today people see the price and are all repentant, and scared of the value.
Hey bien, c'est beau de voir un post aussi complet et développé. Tu nous permets de bien profiter du moment présent dans la blockchain. :)
Tu as l'air de bien apprécié ton nouveau travail. J'avais adoré ta dance pleine de vie pour fêter ça. Haha.
Félicitations, et au plaisir! :)
Reading this inspired me to keep going on this new amazing world. Power to the people!
Wow. What a thoughtful post.
Muito bacana... estou passando a seguir vocês, se puder segue de volta...
A fantastic article , clarified so much and not to nerdy LOL
Me enamore .imagenes de ensueño .paradisiacas
ps i will read the full post tomorrow.
good stuff written in the post, i like cryptos currency.
Great awesome.
very well done and detailed...
good post. vote and resteem
I liked your phrase "Crypto Currency Not Stop!" You wrote the story perfectly. I completely share with you your thoughts. Thank you. I give my vote for you, as a witness. I follow you. I like your thoughts.
Thank you so much
I'm in new in criptos
. And this information for me is a real storehouse of knowledge
I agree with your opinion.
Governments need to be changed or get their size reduced to offer proper services to citizens.
Most important thing is to let power of printing money to individuals which is progressively performed in crypto world.
Thats really a great article.I'm already in this crypto field for past two years.But still i too lacked lots of basic informations about how bitcoin actually works.Thanks a lot.It has given me a more clear picture of crypto field.
Followed!!!, Please Follow Back
Thank you so much teamsteem for sharing this wonderful article with a lot of knowledge, in depth info and legit links with proper study and examination.
I will keep following your posts. It does help as I am trader and new to Steemit, and this article helps each and every common man to understand at what levels can bitcoin go and what a person needs to understand and act. I do Crypto trading and have dealt with bitcoin investments as well. Anyone who would like to know more about investment plans, please do share your thoughts and ideas and I will be happy to connect :)
Thank you. Cheers.
I love this article so much. Keep your work!
"Unnecessary violence always ends up being the biggest preventable threat to one life's enjoyment."
I couldn't agree with you more! And as usual, it seems that I am guided by my thoughts to find similar thinkers/thoughts. Earlier in my day, I had spent time pondering about the apparent surge of "family violence" in the MSM.
"Was it always happening and being well cloaked or is it getting worse ?"
Many, many thanks for a fabulous post ❣️
Violence spurs from the individual permeates, their family, the city and their nation. I have faith that evolution will in time help people develop a higher mind beyond violence to increase ones oneness with others in time. Darkness is only the absence of light, cold is only the absence of heat and violence is only the absence of peace.
Wow!
Your posting is so very meaningful and up-to-date and so true if we compare to the real condition now. Even though e-money is not very popular in Indonesia, maybe around 30% of bitcoin improvement Influences the development level of economic sector
Nice post! please follow, upvote and comment me as i already did with you...
that way we can help each other to grow
cool
Incredible. The biggest post I've ever read. The information is exclusive. More beginners questions should not remain.
Like
Its really a different world !!
Amazing post, the only thing I miss about Bitcoin is the huge mining-farm monopoly problem...
These huge (mostly Chinese) mining-rigs are a threat for Bitcoin and should be mentioned. I think. Crypto will be the biggest economy, but we still have some issues to deal with!
Keep it up
Excellent comment, I really like your work. I think it is very objective in the analysis and in what you want to convey. Thank you for sharing your knowledge with us.
Want To Earn Bit Coins can anyone help me ? Need Some Suggestions Please .
nice post..i like it ..i upvoted you
Hello 😸 subscribe to me, and I will subscribe to you 🙄
I'm loving crypto!
excelente articulo, me gusto mucho y bien interesante para conocer mas sobre el mundo de las criptos, gracias buen post
Thank You! Very educational and vital information for a new member joining the platform.
Great write up! It is a train that can't and won't be stopped!
An awesome informative post @teamsteem
Awesome Post!
This is really insightful. It has added to what i already knew about bitcoins and other altcoins. The price of bitcoin will continue to rise as many people begin to understand it very well. It provides freedom and thats one thing the central government controlling fiat currencies will never do. Thanks for sharing this amazing info and
haha everytime I try to explain crypto to some of my friends they think am insane and I watch too much sci-fi movies
they think am losing it because I can't stop talking about crypto, I think that's why they're trying to avoid me now but when they ask help financially they come to me! funny
Thank you for inspiring me!
Being new to this platform I am still trying to figure things out. I have made the decision to only upvote helpful people. Your article definitely fills the bill!
This post must have taken a great deal of time and effort to create. I salute you for sharing this information with everyone. Not many people would take the time to prepare and share so much information with others.
I wish you a very happy weekend! I will definitely continue to search out your articles.
try out this pages with just 100$ you can start earn a passiv income
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Hey, I love your post, keep it up ... check out my post https://steemit.com/art/@sawcraz.art/el-arte-del-sentimiento-etapas-de-la-risteza
This was very informative and helps to see the bigger picture a bit clearer. thanks for posting. also voted for your witness.
Very nice and informative post. Thank you.
Thank you. Very informative.
greats post sir.
Wow! nice.
Im new here.... and has just posted my 1st story.
I will very appreciated to you for this meaningful post i like it very much.
Great post, loved reading it. Please do take a look at my posts i'm new here. Support is always appreciated:)
great post teamsteem! keep it up! and thanks again for following!
Great read! Resteemed!
bitcoin and created has been created to bring equality and peace to the word
I wish I had gotten into it sooner, I also wish I was making more on Steemit than I am but unfortunately I had to power down quite a bit due to the unfortunate events of last year...having said that, like you,I am grateful for everything Steemit has given me because without it I would have had nothing. Also,I voted for you as witness a couple weeks ago :)
I'm seriously impress by how much you've been able to make so far and we all wish we gotten sooner.
I saw that you voted for my witness. Thanks!
Sadly because the voting witness system is a bit confusing for witnesses who aren't in the top 50 and so as soon as you upvoted me you removed your vote.
You need to type my name teamsteem without the "@" and do nothing else. My name will appear at the bottom with a little upvote arrow but don't click on it cause you'll remove your vote.
Take care Soulsista! I look forward to read more of your posts!
https://steemit.com/~witnesses
Ok will do and thanks!
Absolutely informative article.
I am so glad I found this post! I just posted on STEEMIT asking for help in understanding cryptocurrencies and their impact. Thank you! This is an incredibly intensive and informative post to that end. Much appreciation.
Wow this post is amazing. Love the in-depth detail you put into it. And liked that you tied in why the old ways of fiat currencies will not be working anymore. Cryptocurrencies is definitely the way of the future.
You just put it together in a nice way! Thanks and sharing :)
looks lenthy but informative post to me
wao! dat was a nice read
Nice nice nice
Job well done, awesome post !!!
Good sharing very deep analysis will sure resteem it
This is the macdaddy of posts. Bookmarked and worthy of a Witness vote. Thanks for putting in the time to produce this.
Valuable! I am following your expertise!
Very good post @teamsteem
In-depth explanation. Perfect explanation for newbies like me.
thanks for sharing the videos were quite helpful
A lot of what is being shown in the video “What is Bitcoin” isn’t true now. In the video, it says that since there is no bank as a middleman, there are lower fees. But as of today, this isn’t true. The other day I wanted to transfer a few dollars worth Bitcoin from my Xapo Wallet to my friend who doesn’t have a Xapo account.
Do you know how much they charge to transfer 0.00169750 BTC? I was given an option to either select the Standard priority which costs me an additional 0.00150966 BTC or a high priority transfer which charged me 0.00195806.
I have not sent bigger payments recently, so I do not know how much they charge for bigger payments. But I guess the charges aren’t low either way.
Bitcoin isn’t the same it use to be back then, back in 2009-2011 it was pretty much the currency that was a threat to the Government, but now it is a tool for everyone to make money.
Almost all the Governments around the world have started building laws for crypto currencies, if you sell your cryptocurrencies and convert them back to fiat you gotta pay the taxes.
Maybe Bitcoin still is the coin it was once promised to be, but there are many coins out there whose sole purpose is to make money for its creators. The other day someone shared a link to an ICO which raised around 19,000 BTC, and these guys do not even have a proper idea of what their coin is going to do and why anyone should join their network.
I am someone who loves bitcoin, but I am worried that Bitcoin isn’t the same it was meant to be. Most people aren’t buying Bitcoin because it gives them some power over their own money, but most guys buy it because it gives them some good return on investment. Very few people actually use Bitcoin for day to day use.
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STOPI have voted for you as my witness. Thank you for your support @teamsteem
You certainly put a lot of detailed facts into your post. Thats for sure.
Interesting and lot's to think about.
🙋👌🔥👑
Is this article written based on facts or personal experiences?
Government is unavoidable evil so far. But cryptos can not beat it. Because governments control real sector of economy. Until the criptos become real investment instrument for real assets, it will stay just a kind of financial divercification and tax - avoid instrument for privat persons.
Nice post, and also a little sad in a way. One of the reasons the first entry to engineering and science on that day is because I really want to help tackle the problem of world hunger and the availability of clean water. Governments in all Countries are only giving priority to his personal popularity, few seriously eradicate poverty, because for them the public is only producing profits for themselves and their cronies.
I personally really like the currencies outside the Government, it's just my knowledge about it is still very minimal. I hope you @teamsteem want to help me in all the process of the knowledge of good steemit, bitcoin, as well as Crypto and other.
Greetings
@safwaninisam
Bitcoin and AltCoins are the future of money!
very nice article,
You're right! The post is very interesting, and the interview can change the perception of the world.
Sorry for the late reply was just going through your educative blog and I like what’s you have to say about bitcoin, but there are some risks to this so called “bitcoin”, such as government, some countries hasn’t even called it off such as China , Bolivian , Ecuador etc . While Canada are still deliberating on the issue. It as well depends on the country’s one lives in before investing . Thank you, the only reason I chose to give an opinion was because you asked for any missing information you could get, so here is mine. Thank you keep on the great work prof