Why Crypto is the Future and How it is Essential to us All

By Chris Herd on ALTCOIN MAGAZINE

What people fail to realize when correlating crypto prices with Fiat is that there is far less certainty in government-controlled currency than you imagine.

Since USD value was divorced from the Gold standard by Nixon in 1971, because of his perception of the weakening of the Dollar in comparison to companies that were not tied to the price of gold, its underpinning is less certain. People often imagine that the value of money is tied to a physical commodity but this is no longer true.

Money might not quite be the intellectual construct that Cryptocurrency is, but it is careless and irresponsible to assume it is any less dependent on the faith of the people for its value to remain.

People imagine that because a government stands behind it that there is more control or safety measures — and there obviously are — but the distance between the two is closer than you would initially think. The overall value of fiat is contingent on the whims, fluctuations, and successes of a country. Supply can be manipulated through arbitrary decisions by a central…