The world Financial
Community, as well as Legislators have failed this Nation and thus
the World on many factors. For one the control of the Federal Reserve
Note has been a continuing problems in the world preventing the
Creation of a stronger economy. With the restrictions placed on
hourly wages, and no caps on the cost of living the Financial sector
has been the cause of all of the financial crisis our Nation and the
world has ever seen. People cannot get ahead because the Legislators,
especially that of New York, has been taking kickbacks, and campaign
contributions to further keep the control and enforcement of
financial institutions that have nearly bankrupted our nation and the
world.
The system has
failed in another most important aspect of just basic human
development. That major factor is self-responsibility. If you ask any
Legislator if they can teach the tools to have people become self
responsible, could they get that across for a good majority to be
self responsible in ninety days? All would answer no, which would
continue the spiral decline of the economy because they fail to fully
understand the capabilities of the Block-Chain technology and Bitcoin
in itself.
With the innovation
of the Block-Chain, miners are automatically forced to be self
responsible. For example If you have two-hundred dollars in Bitcoin,
and you send one-hundred dollars in bitcoin to your brother, that
transaction needs to be confirmed by a miner. Each transaction needs
consensus and confirmations. There are a certain number of these
transactions in a block. Each block, depending on the coin is
received in a certain number of minutes. The miners are rewarded a
certain number of coins based on the amount of work they are
providing. This is basic knowledge, but where the self responsibility
comes in, is a miner now needs to know what income he or she is
gathering from that coin, so that miner now must decide upon what
other coins have a good transaction network, which in turn would give
the miner a good reward for the work he or she is providing to the
network.
With this self
responsibility, and understanding that the person alone is
responsible for his or her reward, then they can now fully be a major
contributor to the economy. This is mainly due to the fact that a
miner can never be laid off, nor can a miner be fired. A miner can
never loose their employment which means the money will always be
there, regardless of the price drop or rise.
This brings me to
the most important factor of what most do not understand. Bitcoin Is
decentralized, and will always be Deregulated. The fact for this is
YOU ARE NOT TO TRUST THIRD PARTIES EVER! You are not really suppose
to give your currency to an exchange. You are not to put it in a
bank. You are the bank and should have complete control over your
currency, and be able to exchange them securely, and safely from your
own mobile device or computer. The actual thought to have this
technology follow the same rules of those that have caused every
major financial disaster is not only insane it is irresponsible.
Most uneducated
people always argue that Bitcoin could be used for terrorism. How
ignorant are they? Do they not realize that all terrorism has been
fully funded by the Federal Reserve Note? Here is the answer get rid
of the Federal reserve note, so there can no longer be under the
table payments, and keep a digital currency so there is an open
source public ledger of all transactions. Do not tell me these
stories that you can not see the forest past the trees.
The only true way
of self prosperity is digital currency. You are responsible for
yourself. Think of it in this way. You go apply for a job. The job is
offered and the manager tells you that your position pays $9.50 per
hour. You jump at it, why because you need the job. So the first two
weeks go by, then a month, and now you are complaining you do not
have enough money to pay the bills. You knew the what they paid when
you took it, why on earth would you think that you would have money
when you cannot even live on that wage? How ignorant are you? Then
you foolishly blame your employer for your troubles when it was you
that took the job because you did not stop to figure out what your
expenses were and what you needed to make to live comfortable. Why
did you take that position in the first place?
I offer facts, not
opinion. Digital Currency upon the Block-Chain technology is truly
the only source that can be trusted, providing you are not using
third parties, to fully strengthen our Nation’s economy and the
World Economy.
