Bitcoin, The Block-Chain Technology, Cryptocurrency Solves problems our Financial system fails to do

 

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.