246. Why this crazy value increase? Part 2
So there are many factors. The system is also clearly superior to our current system. Money can be sent all over the world, very fast and free of charge. If all people will use this money, trading will be much cheaper and faster. We can expect the trading volumes to increase much. Companies will sell their products to 6 billion people that now can afford to buy all the stuff only the rich world could afford. So production will increase.
Another big factor is the control over your money. You will have an adress and a private key. Only you will have the private key and only you can control your money. In our current system, your money is controlled by the banks and the state. We have no real control over our money and we are paying fees for transactions and currency exchange.
Our system will even challenge the nation state and the banking system. If our system will be used all over the world, people will no longer want to be part of the local money system which will lead to its collaps.
We will see a tipping point. Right now, the local money is trusted and seen as real money while our money is still more of a dream. At some point, our money will be real money and the old money system will be outdated and very unattractive.
With our system we will end poverty and distribute money all over the world, where one person means one basic income. The beauty of this vision will certainly attract many people to join us. And the poor will join to get a free income.
Our system is also decentralized, which means that there is no owner. Only users. Internet and Bitcoin are example of decentralized systems. This means that the power is removed from the rulers and given back to the people. This is certainly very attractive.
Another great thing is that our system will be fully transparent. All transactions are public and can be tracked easily by any members. In our current system, the users have no info while the banks and governments have all info. In our system, everyone have the same information.
What about security? Our money are using blockchain technology and it is known as very secure. It is similar to the banking system, maybe even more secure. In our current system, we can lose our money if the bank is bankrupt. Here this can never happen.
Our system is more efficient. Transactions are made faster and cheaper. We can send small amounts very easily and it might even become a new way of communication online. We will tip people that comes up with exciting ideas.
So there are many factors. The system is also clearly superior to our current system. Money can be sent all over the world, very fast and free of charge. If all people will use this money, trading will be much cheaper and faster. We can expect the trading volumes to increase much. Companies will sell their products to 6 billion people that now can afford to buy all the stuff only the rich world could afford. So production will increase.
Another big factor is the control over your money. You will have an adress and a private key. Only you will have the private key and only you can control your money. In our current system, your money is controlled by the banks and the state. We have no real control over our money and we are paying fees for transactions and currency exchange.
Our system will even challenge the nation state and the banking system. If our system will be used all over the world, people will no longer want to be part of the local money system which will lead to its collaps.
We will see a tipping point. Right now, the local money is trusted and seen as real money while our money is still more of a dream. At some point, our money will be real money and the old money system will be outdated and very unattractive.
With our system we will end poverty and distribute money all over the world, where one person means one basic income. The beauty of this vision will certainly attract many people to join us. And the poor will join to get a free income.
Our system is also decentralized, which means that there is no owner. Only users. Internet and Bitcoin are example of decentralized systems. This means that the power is removed from the rulers and given back to the people. This is certainly very attractive.
Another great thing is that our system will be fully transparent. All transactions are public and can be tracked easily by any members. In our current system, the users have no info while the banks and governments have all info. In our system, everyone have the same information.
What about security? Our money are using blockchain technology and it is known as very secure. It is similar to the banking system, maybe even more secure. In our current system, we can lose our money if the bank is bankrupt. Here this can never happen.
Our system is more efficient. Transactions are made faster and cheaper. We can send small amounts very easily and it might even become a new way of communication online. We will tip people that comes up with exciting ideas.