Cryptocurrencies Are Changing The Perception Of Freedom
There are good reasons why the cryptocurrencies have fallen sharply lately. The most significant problem is an increasing regulatory risk, as many countries, including China, South Korea, India and the United States, have announced that they will tighten their attitude towards cryptocurrencies, or introduce rules into a field that was unregulated.
The G20 group announced that it will discuss ways to regulate this area in March. However, some observers are optimistic and believe that introducing the order into the crypto world would have a positive effect because it would lead to wider acceptance of the cryptocurrencies.
Another major factor that has put pressure on cryptocurrencies is the security and speed of transactions. In a hacker attack on the Japanese crypto market Coincheck, at the end of January, more than $500 million of the crypto market value of NEM was stolen.
Regarding the speed of transactions, the oldest crypto, Bitcoin is particularly bad because the technological process of confirming the transaction doesn't provide timeliness and the required speed.
In addition, Facebook has decided not to accept cryptocurrencies ads on its platform. Also, several of the world's largest banks have decided to disable the performance of transactions that are subject to purchase of cryptocurrencies by the fact that their credit cards will no longer be able to be used for this purpose.
However, Thomas Lee of the Fundstrat Global Advisors, expects bitcoin to again reach the record value in July on the basis of a 22 correction of this currency from 2010.
Last year, Bitcoin recorded an increase of 1,300 percent, reaching nearly $ 20,000 in December, and then dropped by 70 percent.
Bitcoin takes 1.7 times more time to recover from falling, and it reveals that it will return to its old value in 85 days. This will happen in July 2018, according to this analyst.
Obviously, there is a big battle at the moment, cryptocurrencies are targeted by those who are accustomed to having an absolute monopoly on the financial market.
For this reason, the most obvious need is to increase the crypto community and trust in blochchain technology.
This can be done by propagating the benefits of cryptocurrencies in relation to FIAT money and what is the meaning of the decentralization of the financial system.
Although there are exceptional differences among cryptocurrencies themselves. Hundreds of them appear and disappear as well.
It's incredible competition between various cryptocurrency projects. This is primarily a matter of struggle in the realization of incredible technological achievements.
Of course, the main parameters that decide on the choice of some cryptocurrency, its ability to protect your anonymity and privacy and the speed at which transactions take place.
There are many projects which are trying their best to fix the privacy, anonymity issues with different approaches.
With the introduction of the TOR protocol and its integrated technologies, censorship, privacy intrusions and many other malicious behaviours have been given a major obstacle.
So, if you are considering to deal with cryptocurrencies, your main goal are not to expose yourself to possible attackers.
Investigate projects that have technologies relying on TOR protocol and its enhancements such as OBFS4/Meek, and therefore make your own judgment.
In this ocean of data, it's important to determine which project has the large community that surrounds it.
I will modestly recommend two great examples: Bitcointalk forum and DeepOnion community.
Of course, there is a fear projected by mainstream institutions that this whole new crypto story is a scam, a bubble or whatever. They are afraid to lose a control and that's all that matters.
And most of all, they are afraid that you might become independent of them.
Cryptocurrencies have changed the perception of the world, which surrounds, us and enables us to see all the vileness of the existing system.
They have changed insight into our ability to exercise independence and, as such, support the human right to freedom.