Good morning folks!!
This morning I want to write about the most sought after and talked about currency and want to interact with this community on ideas so please do comment.Friends ,being a fastest and easiest to transfer currency and the most powerful of course this bitcoin is one of the best invention of the century ,But it has its own challenges which if we overcome can unlock many possibilities. Now advantages if we talk about this cryptocurrency
1)Bitcoin or any other digital currency can save lots of government spending that might be around billions of dollars on a country like India on ATMs, transportation of physical currency and so on.
2)Being most easy to transfer and with no third party involvement it makes our life easier and connect ourself to the rest of the world very conveniently and saves our spending on transferring currency.
3)It give more power to people thereby defining the true meaning of democracy as it called ,to the people , for the people and by the people thereby tackling corruption ,black money and hence we will have enough fund to tackle poverty and hunger.
4)such a currency can open up more avenues of growth and prosperity.
But friends More money and power in the mean time gives birth to crime, terrorism and many threats like
1)The mystery behind satoshi nakamoto raise doubt and questions of its full fledge legal use.
2)Its usage in crime and terror is the biggest challenge we need to overcome to move forward to a digital currency.
3)In a vast nation like india where millions of people working in banks and on jobs related to physical currencies transport ,security and all ,their jobs is in threat which we need to find a alternative of.
Since technology can change our lives but it got its own challenges which we need to overcome ,Guys I need your thoughts on it and what you think about it ,and how can we overcome challenges to move to digital currency ,do comment .
Thank you!!
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source-https://www.bing.com/images/search?
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