When someone enters in cryptocurrencies ecosystem, probably the first thing they might do –after checking the price of course– is searching some information about the topic, like who invented bitcoin and realized the reason why Satoshi Nakamoto released his white paper.
Living in the information era makes easier its access, that's why after a long investigation I believe in the theory that Cryptocurrencies are the product of the legitime exercise of right to “defend”, self-protect the property.
As we all remember, bitcoin was launched in the middle of several financial crisis during 2008-2009 that affected the properties of millions of people.
U.S. government issued more money from nowhere causing more inflation.
Many banks colpased affecting population lives, in general it was an absolute disaster
In the middle of this scenario the main concern was the protection of people property and money.
Historically during financial crisis,or in some cases of hyperinflation– like happened in Zimbawe, Venezuela and other Latin America countries– people had the legitime right to protect their properties by buying foreign currency, commodities, securities.
Nowaday with new technologies people have the opportunity of protecting their properties and money by investing in cryptocurrency, Yes, this financial technology revolutionized the way to transfer value and give security to population living in fluctuating economies
Believe it or not, right now in countries with an incredible devalued national currency, cryptocurrencies have become a legal and valid way to protect the value of money.
"Cryptos" aren´t the unique practice, but its versatility, transparency, and security are more than a trend, and allowed people, in the middle of financial chaos, to survive and protect their properties.
In fact in Venezuela´s market with only 30 million people, bitcoins have an excellent acceptance only in website business, local bitcoins trade around 2 million dollar per week, this a great example of cryptos usability in a country with a huge economic and financial crisis the impact of cryptocurrencies have being beneficial.