About the benefits of cryptocurrencies

[ujinice]

So. The key mechanism of economic development in recent decades has been the stimulation of private demand through emissions. The impetus to this mechanism was given in 1914, when the US Federal Reserve System started working and for the first time in history, control over the issue income was received not by the state (seigniorage), but by private structures (in our case banks).
Then, following the results of 1944, this mechanism went beyond the limits of the United States (through the decisions taken at the Bretton Woods Conference and through the institutions created at the time, primarily by the IMF, the World Bank and the WTO), and then, after 1991, he took over the world. Since 1981, after the beginning of "Reaganomics", this mechanism has become even stronger.
The problem is that this mechanism (the development of the economy due to the emission stimulation of demand) has ceased to work in recent years. Actually, it worked all the worse until 2008 and since 2008 has ceased to work at all. I will not go into the complexity of statistics now to prove that the world economy has not grown in recent years, we will consider this fact a reality. What is important is that for their development, separate industries somewhere and at the expense of something should receive a serious resource. Where and at the expense of whom?
Let's note, by the way, that the presence of growth even after 1981 (in the 70s everything was already falling, it is known) is controversial. In particular, the US GDP has since grown by about 40% less than the debt of end-users (households and states) has grown. So it is possible that this growth, in fact, the result of statistical tweaks and after the real onset of the crisis, this sad circumstance will come to the surface. But the main thing is not this.
The main thing is that the beneficiaries of the emission profit must show it. Somewhere she must inevitably get out. Indeed, official US statistics indicate that the share of the financial sector in the redistribution of profits, which amounted to no more than 5% before the Second World War, rose to 10% a few years after the Bretton Woods Conference. And by the beginning of the crisis of the 70s it had reached 25%. And after the beginning of "Reaganomics" the role of the financial sector grew even more and by 2008 it reached 70%. After the crisis of 2008, it fell to 40%, but then began to grow again.
And now let's dream up. If a certain group receives 70% of profits for many years, it gradually begins to control and 70% of all assets. That is, all the rest is 30%. And if even the economy then starts to fall, then their share will still be about 30% - which will simply be reduced in nominal terms. And now imagine that the economy is shrinking, as much as twice (that is, there are 50 instead of 100), but the share of the financial sector is reduced to the historical 5%. 5% of 50 is 2.5. That is, the share of all the others remains as much as 47.5. Or, otherwise, one and a half times more than in the previous version, when there were only 30!
Or otherwise. Even if the global economy falls twice as a result of the crisis (in reality, the US and Western Europe will fall by half, while the world economy will drop by 35 percent), but the financial sector should be limited,  having taken away from them completely undeserved profit, then all other sectors of the economy will be able to profit for a long time simply by redistributing the share of assets that which is owned by the financiers (bankers).
The problem is that until recently it was absolutely impossible to do it. Since all economic activities are in the networks of the Bretton Woods institutions, banks, rating agencies, audit and consulting companies, business forecasting systems, demand stimulation systems and so on. All these organizations are closely monitoring to ensure that financiers get "own" share of the profits, the rest have to fight for leftovers.
So, all the charm of crypto mechanisms (from bitcoin to blockchain algorithms) is that it allows you to pull away from the Bretton Woods institutions and thereby get rid of the "tax" in favor of financiers which all people, companies and States have to pay. It is for this reason that all the supporters of the financial sector are actively struggling with them, but they can’t win.
If there was no impending crisis, it would be possible to come up with mechanisms by which financiers could share their "profit" with others, in order to reduce tensions. But the crisis will be - simply because so much debt has accumulated, that it is already impossible to refinance in a low-rate environment. Well, it's also impossible to raise the rate, because already existing debts will not be serviced.
And for this reason, the Bretton Woods system is doomed. And with it the mechanism of control over the increased share of profit from the part of financiers is doomed. And since an alternative mechanism, in the form of crypto technologies, already exists, you do not need to invent anything new. So to develop these technologies is not just necessary, but also very useful. Since the one who in this topic will be the first to succeed will receive the maximum share of those assets that the financial sector will have to abandon.

[jouns]

If the bankers are really so powerful, will they allow themselves to be fooled? I think that they will not agree if we will not paid tribute.

[EricJones]

Such an insightful thread that you have here, and I must say, a really long one too. The benefits of cryptocurrencies are one that we might not finish talking about if we actually start talking about it. The main reason why it has succeeded this far is because of how the system is built and its anonymity.

[RalphNorman]

Interesting article you shared here with us. That’s quite a load of information. In short cryptocurrencies are much easier and fast to transact. Besides we don't have to wait a long time to send money from one part of the world to another, we can do it in a matter of few seconds with cryptos. But the banks will always be showing a negative attitude since cryptos remove the need of a bank.

[rahimali]

I think it is a very common advantage of Bitcoin that everyone knows that they are simple, easy and fast to transact, with less transaction fees. It also removes the usage of a bank in our life which many of the users prefer to have.

[AutisticKid007]

Thanks a lot for explaining the benefits of crypto currency. It helps me a lot to understand many things. It is good to see how crypto currency nowadays growing rapidly worldwide.

[cryptofun888]

Good to see how mass people and the world topmost companies paying attention towards crypto and that has become possible as it provides us with so many benefits. Cryto currency has now the recognition at universal level.

[CoinOnTheBeach321]

Thanks for such a detailed post. The best advantage of cryptocurrency is it can be accessed by everyone by using both mobile phones and computer and can make secure and easy transaction in exchange.

[sidneycrypto6]

The best benefit of crypto currency to me is it paves a way for people to get financially independent. It is simple to use, easy to carry and provides low inflation and collapse risk too what makes crypto currency more useful.

[melamiras]

So. The key mechanism of economic development in recent decades has been the stimulation of private demand through emissions.

It is as usual, the government and particularly those that have a poor political stance try to print money without any real economy to make people feel rich before elections.

[trumper]

Most people here especially investors and traders focus on its little benefits but I think it will have big impact on global economic order, we in the future will see unbelievable things

[viktoriya1945]

So. The key mechanism of economic development in recent decades has been the stimulation of private demand through emissions. The impetus to this mechanism was given in 1914, when the US Federal Reserve System started working and for the first time in history, control over the issue income was received not by the state (seigniorage), but by private structures (in our case banks).
Then, following the results of 1944, this mechanism went beyond the limits of the United States (through the decisions taken at the Bretton Woods Conference and through the institutions created at the time, primarily by the IMF, the World Bank and the WTO), and then, after 1991, he took over the world. Since 1981, after the beginning of "Reaganomics", this mechanism has become even stronger.
The problem is that this mechanism (the development of the economy due to the emission stimulation of demand) has ceased to work in recent years. Actually, it worked all the worse until 2008 and since 2008 has ceased to work at all. I will not go into the complexity of statistics now to prove that the world economy has not grown in recent years, we will consider this fact a reality. What is important is that for their development, separate industries somewhere and at the expense of something should receive a serious resource. Where and at the expense of whom?
Let's note, by the way, that the presence of growth even after 1981 (in the 70s everything was already falling, it is known) is controversial. In particular, the US GDP has since grown by about 40% less than the debt of end-users (households and states) has grown. So it is possible that this growth, in fact, the result of statistical tweaks and after the real onset of the crisis, this sad circumstance will come to the surface. But the main thing is not this.
The main thing is that the beneficiaries of the emission profit must show it. Somewhere she must inevitably get out. Indeed, official US statistics indicate that the share of the financial sector in the redistribution of profits, which amounted to no more than 5% before the Second World War, rose to 10% a few years after the Bretton Woods Conference. And by the beginning of the crisis of the 70s it had reached 25%. And after the beginning of "Reaganomics" the role of the financial sector grew even more and by 2008 it reached 70%. After the crisis of 2008, it fell to 40%, but then began to grow again.
And now let's dream up. If a certain group receives 70% of profits for many years, it gradually begins to control and 70% of all assets. That is, all the rest is 30%. And if even the economy then starts to fall, then their share will still be about 30% - which will simply be reduced in nominal terms. And now imagine that the economy is shrinking, as much as twice (that is, there are 50 instead of 100), but the share of the financial sector is reduced to the historical 5%. 5% of 50 is 2.5. That is, the share of all the others remains as much as 47.5. Or, otherwise, one and a half times more than in the previous version, when there were only 30!
Or otherwise. Even if the global economy falls twice as a result of the crisis (in reality, the US and Western Europe will fall by half, while the world economy will drop by 35 percent), but the financial sector should be limited,  having taken away from them completely undeserved profit, then all other sectors of the economy will be able to profit for a long time simply by redistributing the share of assets that which is owned by the financiers (bankers).
The problem is that until recently it was absolutely impossible to do it. Since all economic activities are in the networks of the Bretton Woods institutions, banks, rating agencies, audit and consulting companies, business forecasting systems, demand stimulation systems and so on. All these organizations are closely monitoring to ensure that financiers get "own" share of the profits, the rest have to fight for leftovers.
So, all the charm of crypto mechanisms (from bitcoin to blockchain algorithms) is that it allows you to pull away from the Bretton Woods institutions and thereby get rid of the "tax" in favor of financiers which all people, companies and States have to pay. It is for this reason that all the supporters of the financial sector are actively struggling with them, but they can’t win.
If there was no impending crisis, it would be possible to come up with mechanisms by which financiers could share their "profit" with others, in order to reduce tensions. But the crisis will be - simply because so much debt has accumulated, that it is already impossible to refinance in a low-rate environment. Well, it's also impossible to raise the rate, because already existing debts will not be serviced.
And for this reason, the Bretton Woods system is doomed. And with it the mechanism of control over the increased share of profit from the part of financiers is doomed. And since an alternative mechanism, in the form of crypto technologies, already exists, you do not need to invent anything new. So to develop these technologies is not just necessary, but also very useful. Since the one who in this topic will be the first to succeed will receive the maximum share of those assets that the financial sector will have to abandon.

You here tell very serious stories, judging by all the economic crisis will happen very soon, I would like to see how the crypto-currencies will affect the future economy.

[DavidBolster]

Cryptocurrencies were created for enabling its users to have more control over their dealing. It is much easier and faster to make transaction with cryptos. The process requires very little amount of fees and totally eradicates the need for the banks in our life. People who don't trust banks and governments will definitely love these features which can only be obtained by cryptos.

[coinstand]

 Your article is very good about the benefits of Crypto. because Crypto makes it easier for us to conduct transactions between countries. we don't need to wait a lot of time to send money in one country to another even though it's very far away. with Crypto you only need a few minutes to send the money. So the benefits of Crypto are very useful.

[Dhruvv1]

A cryptocurrency is a digital currency that is created and managed through the use of advanced encryption techniques known as cryptography. Cryptocurrency made the leap from being an academic concept to (virtual) reality with the creation of Bitcoin in 2009. While Bitcoin attracted a growing following in subsequent years, it captured significant investor and media attention in April 2013 when it peaked at a record $266 per bitcoin after surging 10-fold in the preceding two months. Bitcoin sported a market value of over $2 billion at its peak, but a 50% plunge shortly thereafter sparked a raging debate about the future of cryptocurrencies in general and Bitcoin in particular. So, will these alternative currencies eventually supplant conventional currencies and become as ubiquitous as dollars and euros someday? Or are cryptocurrencies a passing fad that will flame out before long? The answer lies with Bitcoin

[Manjita950]

I think that  these are simple, easy and fast to transact,with less transaction fees.
it is a very common advantage of Bitcoin that everyone know.So it is the benefits of cryptocurrencies