The bank system treats normal people like crap and with suspicion by default. They want to know everything about you and what you do with your money and where you got it. They will charge you interest, they rent you money that you do not own or control. They insult you by giving you pennies back as token interest for keeping “your” money in a bank. The costs of living rises and the buying power of their fiat, backed-by-nothing, infinite supply paper rectangles decreases every year.
The banks make you wait days and even weeks for “funds to clear” because they don’t trust you and because they can and they use that money by denying you access so they can make-money-in-the-middle by combining that with other suckers money during those holds.
The longer people continue to remain within the constructs of the legacy banking system, the longer it will remain in control and constrain. The ability to disengage is now available. Even if only partially, that is a start. What about sustainability in this era for the current markets? It can be argued that the entire financial system is overdue for collapse and catastrophic failure and the only reason it has not collapsed is due to the special measures that have been put in place at the detriment of the middle and working class people.
For the elite and the financial sector, money has always been put to “work” in massive amounts on the open markets, with derivatives, stocks, funds, bonds, futures, commodities and frauds. All of these mechanics of money are put to work and the system churns on. Now as we enter a new age and a new paradigm of finance as well. The old system of working money mechanics will and has become obsolete. There needs to be a new way that financial instruments can create more wealth.
Enter the blockchain, cryptocurrency and the mining mechanics of creating new wealth. The manufacturers and the corporations will have a new method to put money to work. That is putting the products to work to make money for the companies by utilizing crypto mining chips built into the product. This is the shift; this is the currency reset. This is the revaluation. It is happening right now as we go about our daily routine.
Hundreds of corporations of all sorts of product have already made the deals. The trickle starts now, as money will move from traditional finance into the cryptosphere. IPO’s will give way to ICO’s. Products will become more affordable soon as they flood the retail market with the new innovation and rush to start their mining pools of bot-net SMART appliance mining drones that also make toast for you.
Weather this is by design or not; I feel this is the path our financial world is taking toward a new method of trustless issuance via algorithmic method. Everyone who is in the cryptosphere will be an early adapter and could very well profit immensely in the coming future.
May fortune smile on us all!