Digital Currency Creates Financial Anarchy

Digital Currency Creates Financial Anarchy

 
It is reported that the Bitcoin is rolling on forbidden grounds as it creates a spate of controversy among the “high” society and savvy digital investors. These digital marketers try to gain their share of the billion-dollar-a-day digital pie industry while corporate society seeks to curtail the spiral hike in the value of what seems to be a “monetary menace”. Some who strive on exploiting the poor and vulnerable are not having this as they try to inoculate the masses in an attempt to put down this growing “digital monster.”
 
These seemingly corporate crooks continue to put a choke-hold on how the less fortunate spend their money as they try to build financial cartels worldwide but thanks to digital technology, Bitcoins have revolutionized money control in the 21st!
 
The Cons
Despite the growth of digital currencies such as Bitcoins, it would be remiss of me to not disclose the cons of using virtual currencies. Due to the fact that their digital footprints are encrypted, they cannot be traced online. Although one has the pleasure of privacy and security when trading, it provides another gateway to hide and conduct illicit transactions.  
 
When this happens, drug dealers, terrorist and other unsuspected culprits will continue to conduct their illicit trade without detection when using Bitcoins.
 
The Pros
However, amidst the monetary mayhem, Bitcoins offer anyone tremendous investment opportunities and growth potential. No one controls virtual currency as it is accessible to the public and the value continues to appreciate while the society stumbles on the debris of inflation.
 
An ordinary man on the streets can buy, save, trade, invest and increase his chances of becoming financially successful without the interference of government restrictions, controls, and fiduciary regulations, hence spiral inflations become things of the past.
 
Many believe that monopolies stifles our nation. When one corporation decides to control foreign exchange, gold, and fuel, it uses its power to dictate how money should be spent.
 
Regulations set by large and wealthy multi-corporations are only geared to add more wealth and power to their portfolio rather than benefiting borrowers who seek financial help. In addition, the ones at the top try to drain the swamp so others can depend on them while they can become more wealthy but they can’t control digital currency!
 
The Brighter Side Of The Coin
 
Time has come when the world no longer sees black and white but colors, digital green and that is what Bitcoins is all about. The ones who try to control the world is threatened by this ‘Frankenstein’ but I doubt they can stop him or call the shots. Currently, 1 Bitcoin values $844099.07 Jamaican Dollar or $6895.80 US Dollar. The cost for 1 Bitcoin in 2009 was .05 USD!
Please follow and like us:

Leave a Reply

Your email address will not be published. Required fields are marked *