Every couple of thousand years or so, humanity makes a large leap in progress. Usually a breakthrough in societal technology brings us to a new plateau. 4000 years ago we mastered agriculture and farming. Roughly 2000 years ago was the advent of democracy and minted currency. This resulted in an increase in commercial velocity and quality of life.
Since the dawn of monetary technologies, mankind has gained from their ability to accelerate economic activity. However, we have also suffered great tragedies and thefts from their corruption, monopolization and centralized management.
The majority of people are completely programmed to government currency monopolies. They don't even realize they are in one, nor do they realize the implications of such a system.
First off, the user has no choices. They could use another fiat currency, but all fiat currencies depreciate by design. This inflation is a "tax" to hold the currency, by the government.
When the government creates more new currency, value is diluted and they can steal value from the holders of the currency.
This also allows the government to wage wars at will, while increasing their stronghold on the population. With a complete monopoly in currency, a citizen is merely a slave to the system.
You could buy gold and silver, but these markets are highly manipulated. I suggest holding at least 5-10% of your portfolio in physical precious metals. On the open market, gold and silver derivative contracts (paper) are sold into the market as actual commodities. The gold that they sell to suppress the price, doesn't actually exist. This is a house of cards that will collapse once investors start to take delivery.
Silver, has the potential to go to the moon. The supply is low and we use it for many more industrial applications than gold. I do believe the supply crunch will start to unravel in the future, resulting in much higher gold and silver prices.
Blockchain ledgered assets are derivative proof. The blockchain doesn't recognize representations of assets, only the actual code or private keys. Bitcoin futures are merely a fiat cash side bet and do not deliver real bitcoins.
In response to the multi trillion dollar, taxpayer funded, bank bailouts of 2008 and subsequent Federal Reserve money creation extravaganza, cryptocurrency was born out of necessity. Bitcoin, is a blockchain based, decentralized application. DLT or Decentralized Ledger Technology is the umbrella term used for these cryptographic network structures. Next generation variations beyond blockchain are under development. Current examples are HashGraph, Tangle and Block Lattice.
These technologies promise to revolutionize the economy and remove unnecessary middlemen from the equation. We will end up with decentralized services, registries and governance. The entire structure will change. Central power is not impressed with the threat this poses to current monopolies and regimes. The Satoshi whitepaper, will forever be remembered, as an instance of the pen being mightier than the sword.
In a world without the friction of third party fees, the economy can change radically. All of the sudden, a business that sells something for a dime can actually be economical. Micro transactions will be an entirely new market.
Third world countries that are riddled with banking corruption and have a lack of government documentation structure, will be changed dramatically. Any person with a cell phone, will be able to have a bank account and a choice of currency, that can't be inflated by their government.
A New Age Of Freedom Is Upon Us!
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