Value of money is fading and Bitcoin price is kept on rising, its a cause for us to start smiling

in beblurt •  7 months ago  (edited)

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I couldn't wait for cryptocurrency in general to get adopted and used everywhere to pay for services and goods plus a way to earn money from.its associated blockchain technology.

Well but not well with regards to the economic turmoil which we are all experiencing as fast as the days go by because the value of our country's FIAT is diminishing and it is really worrisome particularly for those that have no clear means of generating wealth because most of the time and it is a truth that wages for work are having a hard time adjusting but the money earned by workers will only buy much, I am lesser for the same amount of cash unlike before. Generally it is of course bad because we will only afford a fewer things that we needed and wanted in life and at the same time too that fewer opportunities to earn money particularly if you had reached a certain age, then it will be up to you to fend for yourself if you are alone in life and then what your near and medium to long-term future will be is a hard fact of life to ever imagine and yet it is also happening to many people around the world. So I thank God that in my country we are all family-oriented people where we take care of our elderlies unlike in some parts of the world where they freeze their elders to death if not bury them alive either left into the nursing care "home" or forgotten and left just like that with no more communications in many cases because of their "culture". But it is all connected to being unable to afford things I suppose because maybe for example if you do not want to take care of your elderly then you can find or hire someone to exclusively take care of them properly rather than leaving them institutionalized at the mercy of strangers which are hired just to do a "job" with not much or non-existent love and compassion for a once fruitful, loving, and useful citizen of society. The unusually hard economic times had been brutal to the smallest unit of society which is the family as parents must also have to work hard in order for their families to survive and it ends up with the children growing-up almost lacking or lacking in supervision by their parents which in turn makes the children develop a sense of estrangement over their parents especially when children turns eighteen years of age, then they have to get away from home in order for them to start a new life where many of them is not ready yet especially now and it will end-up like letting go an un-weaned little deer to take care of itself in the jungle where lots of predators are lurking around and you can just imagine how it will turn up to be for an unprepared teenager which I can still call a kid because of the fact that not all eighteen year old people can take care of themselves when they reach that age. So what happens is that an estranged kid going out to fend for themselves in a very harsh world will again create a generation of troubled citizens and what a bad country it will create in the end from having drug addicted decision makers and leaders if not living in their own world and not really knowing the real pulse of their country and citizenry.

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I feel pity for the vulnerable sectors of society because our economy really has no more hope to recover because eradicating its cause i.e. incessant printing of dollar is tantamount of eradicating us in all aspects of our lives.

It is only one way of how the value of our work in terms of a devaluing payment makes an aspect of our lives as we see it now gets more "complicatedly" harder because it is just all connected. We all needed money even if you say that you are not relying on the grid or the government or your family to sustain your needs because there will come a time like in cases of medical emergencies, you still needed to go to the hospital because otherwise you will get into health complications which can mean your life. So for that, you needed money but it would be okay of these dollar bills, Euros, or whatever currency that you are using are at least backed by Gold in particular and the ones that issues it are not Ponzi schemers or gamblers, then it will be all excellent, we wouldn't even maybe think about going off-grid because we can already live well without the fear of life will get harder because of uncontrollable inflation. But inflation as I said in my previous blogs is more terrible compared in the years before the US government together with a private bank although its name is Federal reserve bank of America had successfully forced the world to make the dollar the medium of exchange worldwide and what just happened was a Ponzi scheme with no limits but to enslave the world in using the dollar which is now had gone big that even if we stop it will mean a literal stoppage of the world economy and I can't imagine how it will go but certainly without a more terrible event to happen first all because we are talking about powers in great places here where a country like the USA government will just choose to kill us all than to see its dollar not being a medium of exchange anymore, heck even Putin is risking WW3 effect in his country for a single country like Ukraine although Ukraine is very valuable for many countries because of its grain or wheat exports and such.

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It is high time to use a form of money that grows in value rather than the dollar that loses purchasing power because of entities which knows nothing but to basically cheat and gamble your money away.

I am personally optimistic that Bitcoin and other cryptos like Stablecoins as a form of payment will be used in the future because even in my country our current government likes the digital economy and wants to further enhance it and it includes digital forms of payment. In fact a few wallets already can be used to store cryptocurrencies and can be converted into our local currency aside from trading those cryptos in the wallet itself. The only uncommon was retailers are not specifying or adopting yet the use of cryptos as a payment. I thank God that our country's central back is not closed-minded about the benefits of cryptocurrencies which is why we have e-wallets with crypto wallets inside them too. But I guess that adoption of cryptos in my country will come beyond my lifetime but who knows?, especially like now that Bitcoin is showing the world how it goes with its fundamentals and the mind-blowing benefits that people big or small can get from it, then for certain the adoption of using cryptocurrency in our daily lives will happen and at least we have something to hope for in improving our lives rather than watching a paper burn slowly because of again an uncontrolled inflation because blockchain technology has a lot to offer in changing our lives for the better because of many options with regards to financially freeing ourselves if we just happen to research and look around in the world of cryptocurrencies. So it is not too late to start about how to get the benefits of blockchain technology because there are many ways to earn because for one thing Bitcoin is the prime mover of the prices and because of that we can always be assured that major cryptocurrencies will stay afloat particularly those that are legitimately having a good use case especially being decentralized where there will be no single cause or point of failure because it will be nonsense and stupid to put trust in what they claim as decentralized blockchain but is really being controlled by a single entity or person which can "pull the plug" as he/she wishes after gaining profit to the detriment of the fooled people who trusted that particular crypto although this happens in the case of meme coins which for me is just a way for many people to basically gamble..

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Bitcoin and blockchain technology with cryptocurrencies and a special use case for benefiting us in many sensible ways are already here and it is up to us to make the move in order to help our lives within these tumultuous economic times of our lives. We are lucky to have a system that we can rely on so that we can get freed in many ways like solving our poverty, freedom of wealth preservation without outside intervention, transfer of wealth, value, and money fast and easy without much use or absence of middlemen, and other things which enhances our lives and now at least we have more reason to smile and cheer because Bitcoin's benefits are here.


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  ·  7 months ago  ·  

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