Why Cryptocurrency?

In collaboration with WagMedia and PolkaHaus

Intro

In the previous article we analyzed in a simple way, what Cryptocurrency does for us and we gave an example. This time, i will expand a little more of what accounts creation and managment means to us as people and society, as long as they are automated.. What can we do with automated accounts?

Complex Math Interactions

Imagine a young, motived to succeed guy, but he does not have the tools to actually have a chance in our world, given his current financial situation or his country situation...What options does he have? He would have to attend a prestigious college, create connections with some bankers or banker's kids, then find a work in one, then the bank would have to make the connections in order for the younster to get the chance to create a bank tool or bank instruments.

So what cryptocurrency offers? It offers less exclusion, financial inclusion and permisionless access.

All he needs is an access to a computer, even a public computer in a public library, he would write an application or a tool and he would have the chance to make a fortune out of it. By going straight to the math, learning a program even without the need to go to a college, maybe from his home, he is eligable to create programable services without being excluded... Anyone can participate.

Automated Processes

everyone is treated the same/everyone follows the same rules/ fair world with less racism Automated processes cut human labor costs and have an anti-racist aspect resulting less business costs and everyone basically is treated the same. Cryptocurrency doesnt care how you look like (less racism) and everyone is working under a fair system, following the same rules.Everyone is included. Some politicians pretend to care about the society while attacking cryptocurrencies. Pretend to help put an end to racism while crypto is the most anti-racist technology currently existing and we could say that they have not done their research. They also pretend to fight the banks while crypto is basically defeating the wealth gap, you can see the clear lies here...In reality they only care who pays them. Its a game of power control. Attacking cryptocurrency when crypto is the solution for the things that they "care" about is hypocrisy.

Proof Of Ownership Key (NFT)

Another thing that cryptocurrency will do is reduce theft. There will be no more theft for expensive items, we will have proof of ownership. Imagine having car, crypto will give you ownership of it and it wont work unless you prove your ownership. Imagine that you could lend it to a friend or rent the access through an automatic way. Item becomes unhackable and theft very very difficult. Imagine a purse gets stolen and they try to sell it in a pawn shop. Shop will scan the code and prove in seconds who has the digital ownership of the item. (NFT)

Record Keeping and Transparency

All the record keeping will be automatic. All the records of a business is mostly paperwork, so theres will be no accounting department needed. Very low labor costs and businesses no longer have to have accounting because all these processes of accounting will automaticaly happen. Inherit in cryptocurrency. So low labor costs means low costs for good and services for businesess to operate. In finance sector:

Increased productivity: Machines do data entry faster and better than humans.
Improved accuracy: Fewer data-entry errors mean higher quality data.
Faster, better decision making, risk management and compliance: These are natural outcomes of having quicker access to more reliable data.

Yes, cryptocurrency is an agreement of computers to make our lifes better...

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