RE: 5 Reasons Why Cryptocurrency is The Greatest Opportunity of Our Time
Brother!! You nailed it. These are so obvious but precise.
They are all so important. Decentralization puts the currency value back into the hands of the people who hold it not a few regulators. This also feeds back into number 4, network effects. Decentralization allows for freedom in the network without getting swamped in commercials.
Just as 1 and 4 go together, 2 and three are a team. Reliability and efficiency are the practicality of using crypto. I got a check from a university in America for work done as an Advisory. It took a month to receive the check. Then I sent it to my bank in Korea and they sent it back to America and then charged me 30 dollars in fees and are in the process of transferring back to my Korean account with in the next 18 days. Meanwhile the price of the plane ticket I wanted to buy to Chicago just went up 100 dollars in the last five minutes.
On the other hand when I sent coins buy steem it is almost instant and no charge.
Thanks @mineopoly!!
You are 100% on point in putting these ideas together. I also love your example of how the banking system is tying up your money. The current system is just so inefficient and its all in benefit of the large institutions. Crypto allows us to put that power in our hands by allowing us to build networks that have near instant transaction times, low or no transaction fees, a plethora of options for which currency to use, and we can actually earn currency for holding/staking certain cryptos... It's just a matter of time for the rest of the world to catch on to what we all already know as Steemians.. Thanks a lot for your great response @mineopoly!!
Thank you for you reply and thank you for house cleaning.
Anytime! I hate that type of spam garbage 🙄