Crypto… WHAT?
There’s a shift in consciousness happening in the world — we see it in almost every aspect of our lives.
To me, the arrival of the blockchain and crypto currencies are a reflection of this shift in the world of finance and economics.
What is a crypto currency?
Magic Internet Money !! ;)
Actually there is nothing magic about it. This digital money is based on maths, algorithms, and super smart technology. You know, science.
But what it represents can be quite magical for us. It can change the world. It can make the world a more beautiful, truthful, fair and equal place.
If we all adopt it.
This digital money — aka crypto currencies — exists on the revolutionary technology called Blockchain.
A Blockchain is a decentralized peer-to-peer network — a hive without a boss.
It’s the opposite of our traditional pyramid structured centralized models (of governments with a president on top, of companies with a CEO on top, of banks with a central bank on top, of computer networks with a main central server, etc.).
Decentralization = Power to the People
In a decentralized organisation powered by the blockchain, there is no central controlling authority. Everyone is self-directed and free. Everyone can make direct peer-to-peer financial or business transactions — fast, anonymous and for a fraction of the costs of a centralized system — where there is always a middle man (third party service provider) that you have to place your trust in, and that typically charges a high fee for their service.
Especially for us international online entrepreneurs, this is fantastic news. We can save costs in our business.
We are in control. We don’t need to go through the hassle of claiming our account back anymore, when Paypal decides to freeze it on a whim. We don’t need to pay money to search for a payment that our bank lost!
If we keep our funds in our own custody, nobody has power or authority over our money and our transactions but ourselves.
Our savings will grow again instead of slowly diminishing, due to inflation and low or even negative interest rates. With Bitcoin, there will only ever be 21million coins. Once all coins have been mined, no single entity can just decide to make more.
The more people decide to use a bitcoin, the more it will rise in value. We are still at the very beginning of the “rise of the crypto currencies” and this new world represents investment opportunities for us, that we never thought possible.
Lots of early believers in Bitcoin are millionaires today.
Is this REAL money?? YES!
I highly recommend watching the TED Talk below in order to get a general idea about what the blockchain is, how it was invented, and what potential it has to make the world a better place.
About the author:
Anja Schuetz is a Cryptocurrency Mentor for absolute beginners and a Customer Communication & Operations Consultant for Start-ups. She also runs the Conscious Crypto Community, which currently consists only of women. Sign up for her free Crypto-Fitness Museletter here.
