The Future of Bitcoin, Cryptocurrency and the Collapse of Conventional Banks

amat07 (25)in #bitcoin • 7 years ago

This week in February of 2018, the bitcoin price was at USD 10,000. In 2011, the price is only USD 1.

If you invest Rp 1 million just to buy bitcoin in 2011, today your investment value will be Rp 10 billion.

Is there any other bitcoin and cyrptocurrency a radical innovation, or a sensational and irrational bubble?

First of all it should be mentioned that cryptocurreny may be one of the most radical innovations in the history of the currency over the past 1000 years.

Bitcoin itself is just one of the most dominant types of cryptocurrency. Other popular cryptocurrency types are Ripple and Ethereum.

Bitcoin and his comrades have a truly heroic mission: to be the world's digital currency, with the same value anywhere in the world. A radical yet plausible idea in this age of digital explosion.

Cyrptocurreny in other words wants to be the global curriculum of a globally applicable world. If this dream materializes, then slowly the role of the Central Bank may become extinct.

In the digital world, the ambition of bitcoin and other cyrptocurrencies to become the world's single currency is a brilliant one: making the transaction process very easy, super efficient, and able to eliminate transaction costs that are often imposed by conventional banks.

Cyrptocurreny can also save us wealth assets only in a "digital safe" that does not require the flurry of old school notes.

#steembloggers #esteem #kr #blog

7 years ago in #bitcoin by amat07 (25)

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krguidedog (64) 7 years ago

Woff, woff!

Hello @amat07, Nice to meet you!

I'm a guide dog living in KR community. I can see that you want to contribute to KR community and communicate with other Korean Steemians. I really appreciate it and I'd be more than happy to help.

KR tag is used mainly by Koreans, but we give warm welcome to anyone who wish to use it. I'm here to give you some advice so that your post can be viewed by many more Koreans. I'm a guide dog after all and that's what I do!

Tips:

If you're not comfortable to write in Korean, I highly recommend you write your post in English rather than using Google Translate.
Unfortunately, Google Translate is terrible at translating English into Korean. You may think you wrote in perfect Korean, but what KR Steemians read is gibberish. Sorry, even Koreans can't understand your post written in Google-Translated Korean.
So, here's what might happen afterward. Your Google-Translated post might be mistaken as a spam so that whales could downvote your post. Yikes! I hope that wouldn't happen to you.
If your post is not relevant to Korea, not even vaguely, but you still use KR tag, Whales could think it as a spam and downvote your post. Double yikes!
If your post is somebody else's work(that is, plagiarism), then you'll definitely get downvotes.
If you keep abusing tags, you may be considered as a spammer. It may result to put you into the blacklist. Oops!

I sincerely hope that you enjoy Steemit without getting downvotes. Because Steemit is a wonderful place. See? Korean Steemians are kind enough to raise a guide dog(that's me) to help you!

Woff, woff! 🐶

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