Darkness of circumference in digital currencies? It depends on the bigger picture!

in #bitcoin7 years ago

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There is an epic blood bath currently in the digital currency markets, where there is no safe currency currently. There has been no such decline in markets since 2013.

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People have become skeptical of the negative and recent conflict, although some analyzes show that relationships may turn out. However, all these "problems" about regulation are not of great importance, and the long-term view of the market must be taken care of only. Everyone likes to display the graph of the mentality observed, especially those related to the Internet bubble. Let's look at things more comprehensively instead:
Composite "Nasdaq":
1995-1995

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If you are really patient, there is certainly an interesting prospect for success. In this article, we will attempt to address some of the key pillars that give confidence to believe that digital currencies may suffer from a different fate. But please take into account that, despite optimism, one thing remains certain: if we do not learn from the mistakes of the past, we will not achieve different results. To understand why digital currencies are a safer investment than conventional stocks, two questions need to be asked.

Information Network
The Internet has been one of the most important inventions of the last century, as you all know. Where they integrate people and businesses together and allow instant communication to be sent from anywhere in the world. The Internet has evolved into something quite different today. I think it is a poorly understood environmental system by companies that live off their users. Companies such as Uber, Facebook and Airbnb are considered "subversive" companies. Because they solved a problem! And gave users the ability to return through full freedom of expression and freedom of choice. Now, can anyone grab a car and get money by using the car to provide driving services to people, and what about renting your room to strangers for money? You can also do this by getting to know new people in addition to the rent. The ability to choose people who are provided with room rental, accommodation and car transport services gives a greater sense of freedom than choosing large hotel chains or taxi companies. Is this really a subversive order? No.

The only thing those platforms have done is to be a mediator between two parties that need to reach a consensus. For Uber, the consensus is on the price of travel for a certain distance. For Airbnb, consensus is on the fees and conditions for someone to stay in someone else's house. It's simple, is not it?

Therefore, the most destructive techniques all over the Internet along with communications platforms are the most important and you do not see, such as the ability to send information without the need for a third party, you do not need the post office to send a message. What we mean is that the best part of the Internet is protocol. Most data types can be converted to bytes, converted to commands and sent over the network to another peer to receive them, and then decrypt the message in the end to be able to open its contents.
Does it seem like you?

Internet Money
Digital currencies are peer-to-peer digital money. Where you have a sending address that sends X of the digital currency to another address. These digital coins are sent in a segmentation that is numbered by the defragment algorithm, where the node that resolves the last piece of the puzzle gets its prize only. Because digital currencies are just messages stored in a database - the accounts book - if we can consider them as protocols. Not all of them are certainly, but currencies (not assets). For example, if Bitquin is a protocol, it is just a message, much like IPv6 Internet Protocols. It is a packet of data sent through the network of the proxies in which the nodes simply validate and thus conduct transactions and generate blocks. This ensures that the account book is unchangeable.

The most important point in this concept is the elimination of intermediaries. Where people depend on the need for a third party enterprise to verify the authenticity of transactions and store value, all these features are part of the blockchain technique. Since the true strength of the books of accounts distributed is the ability to achieve consensus between two parties, representing the third party of the contract that provides the ledger. Anyone can set up a node and run the blockchain. So most digital currencies solve problems never dreamed of by any Internet company. Do not forget that any new technology suffers from excessive advertising.

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On the other hand, there are other exciting things being developed in many different areas of technology. But all of them without exception, depends on one thing that is money. That is why the events of cyber neutrality are over, because money always speaks louder than why. If organizations that are able to influence traffic on the Internet do not fight, then they will be doomed to a failed network.

We are not ...
With the fact that Bitcoin will not lose all its value as long as there is at least one node in operation, digital currencies will likely be the most influential technology over the next few decades. If you really think about how deep this change in mentality is, consider the following:
Why use a network that does not reward you for sharing your data?
Companies may not own this but you own it.

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From the technical side you are right but Uber and Airbnb don´t have to fight against the Mafia. The fiat money is owned by a criminal cabal called central banks. They started in 1694 in stealing the right to print money in England. Nowadays they control most parts of the world except Iran and some other countries. So better watch some movies from Francis Ford Coppola and then rethink your optimism. There is a long way to fight but indeed the cryptos will win in the end.

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