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Showing posts with the label Money Matters

Is it Worth It To Transact with Bitcoin and other CryptoCurrencies ?

 Come to think of it, is it really worth it to do transactions with Bitcoin and other CryptoCurrencies when we have an already working Monetary System that is been supported by every Government in the World and it’s driving the economy even though some are under Sanctions ? Question : Is there any benefit to use Bitcoin as a Currency to Settle Debts and Carryout Transactions in Exchange for Value?  Answer : There is security to have Bitcoin and other CryptoCurrencies take care of our E-Commerce and other Online Participation in Settling Transactions and Quantifying Services and Measuring of Value. When you have Bitcoin and other CryptoCurrencies to Settle Debts and Transactions in the internet, you separate your Fiat Bank Account from the Internet, in this way no one can easily get access to your Centralized Bank Account by just gaining access to the website you connected your Financial Details or Credit Card Details with, It is good that the banks don’t even link anyone’s...

Can Central Bank Digital Currencies (CDBC) Wash Bitcoin and Other Crypto-Currencies Down the Drain ?

T oday’s Central Banks have started initiating their own Central Bank Crypto Currencies to take over stablecoins and Crypto Currencies like Bitcoin, ETH, DAI and many more. Can CDBCs really wash them down the drain by totally replacing them both in acceptance and utility over the solutions and services that these Decentralized Digital Assets have come in to solve ? These digital assets which Bitcoin is the first of it’s kind to solved the double spending problem in a decentralized and permissionless manner which is transparent and secure like paper and coins money have helped the banking system to improve on Fiat Digital Currency which are called Central bank Digital Currencies (CDBCs), some of these Decentralized Digital Assets will stay the test of time while others will  phase-out by Government Regulations and not been able to catch up with modern trends causing them to loose participators. To know which and which to stand the test of time to keep her word and value is not mine ...

Is Bitcoin and other Crypto-Currencies a Scam ?

So many things man can do for the sake of money, join me as I analyze what bitcoin is to see if it is a scam or not. But before I begin I will go back in history to see how new inventions were treated by notable and renowned elites in the society. AC Generators and the High Tension Transmission cables : The Invention of Nicholas Tesla and it’s high tension cables transmitting AC Current spark heavy criticism from Thomas A. Edison who is a renowned Inventor of that time, he wrote a terrifying article about it, which became headlines in Newspapers, “Thomas Edison and the war of the currents”, also Television talks all over the United States , you can find a copy of this journal in https://www.jstor.org, “The Dangers of Electric Lighting by Thomas A. Edison.” https://www.jstor.org/stable/25101896 . But today one of the first facility as a sign of development now is the presence of High Tension AC Power cables hanging over our head into the community that without it everything is in stand-...