The use of Bitcoin — Because its time has come!

The Sumerian currency was the cradle of what we now call money. At that time, a few thousand years ago, the coins of the past took different forms: shells, oil pots, bronze and silver rings, clay tablets, and so on.

Presumably, the then general population was well used (and accepted). It can be exchanged in any way except to exchange goods for services and vice versa was a difficult calculation. The exchange of “A” products for “B” products was relatively easy to calculate, hence the markets and exchange rates that recorded daily exchange rates. The goods in service were slightly more complicated, again dependent on supply and demand, but were also quoted in smaller regional markets.

The coins are coming – the coins are coming.

It was the beginning of government-approved money, but private money still dominated. It wasn’t until the late 17th and early 17th centuries that government approval made money the norm in every country in the world.

Take the German interest market as an example. It was short-lived, but it served a purpose in Germany’s years of hyperinflation. It was an excellent solution from a banker named Hjalmar Schacht. In 1923 he was the currency commissioner of the Weimar Republic and the main architect behind Rentenmark to control hyperinflation, based on the value of Rentenmark, not gold (Germany didn’t have it at the time), but everyone’s mortgage. In Germany.

The interesting market is over. Not the Italian lira, the French franc, or the East Indian rupee (the real problem). Looking back, it was on December 9, 1991, in a 400-year-old Chateau Neercanne that the idea behind the euro arose. Fifty years ago it was almost unthinkable to imagine a European currency.

Remember how the world came to life to cook the Iraqi dinar, wanted to speculate that its value would increase after the Iraq war? It never happened. That version of the Iraqi dinar is dead.

In short: we have evolved. Governments evolve. Adjust the edges. Trade has grown.

The coins arrive. The coins go.

This is the peculiar nature of borders and currencies. They are constantly evolving.

Here is a semi-accurate list of all currencies and out of the world.

Learn Bitcoin and BlockChain

In late 2012, when Bitcoin started appearing in the mainstream media, the attention it received was always skeptical; Links to the underground or dark web are often mentioned. In short, many thought it was nothing more than toy money or money used by criminals.

Nothing is less true. If you just want to focus and point out the criminal aspect of money, here are some examples of how the money now spent through a decree tops the list. Undoubtedly, there is no competition for money and crime with fiat money spent against cryptocurrencies.

Over time, even literate people find it difficult to understand how the entire bitcoin ecosystem works. Many questions come to mind:

• How is mining done?

• Who the hell is Satoshi Nakamoto?

• Who controls it?

• What is consent?

• Why is it limited to 21 million?

• What is an elaborate scam: how can something suddenly appear in the world and be declared money by everyone?

• Why does it take so long to confirm a transaction?

• How does Bitcoin relate to things like privacy and flexibility? etc.

These are all honest questions, but I feel like we are destroying everything in version 1.0 of cryptocurrencies. Nobody gets it right the first time. No one. Was the first browser the last? Was the first email client the last? Was the first Federal Reserve the last? (In fact, it was the third attempt to create a central bank in the United States.) I can go on.

If you want to find excuses, basically do so. However, if you decide to take what is truly revolutionary (and there’s no question about it), bitcoin (and blockchain) will change the way we think about money (and assets) like never before.

Central bankers are more careful than you think. Having worked with many of them, I can say firsthand that this is not the best. Not even bankers. The whole bitcoin and cryptocurrency business is very new to them.

What they (bankers and supervisors) need is education. Unfortunately, they are left alone to defend themselves in this regard. His education begins and ends when The Economist’s TIME takes care of him. Together they hardly make up a calendar in which they want to fully understand cryptocurrencies. Somewhere in hierarchical doctrine, there is someone who is the trusted guardian of fiat and views cryptocurrencies as crazy ideas and thoughts.

How dare they defy established banking standards and awareness principles?

It is precisely these types of bankers who are the proverbial saboteurs of the machine and thus sabotage the whole experience for others.

Just like in the blockchain world, we need to build consensus in today’s banking world and not diminish the importance of bitcoin, cryptocurrency, and blockchain.

The only tool to overcome this obstacle is ongoing training and awareness programs. Not just for bankers and regulators, but also for all aspects of society who see money as an essential need as part of their progress and well-being. Think about it, we work all our lives for money (among other things), but this is a subject that society knows little about.

The only way cryptocurrencies can gain popularity is if the public can see the benefits of what they can do and how it can grow our society as a whole.

Bitcoin and regulators

A large number of financial regulators around the world have not issued an opinion on Bitcoin and cryptocurrencies in general, which means that the use of Bitcoin and cryptocurrencies remains undefined.

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