Crypto Is Getting Real

By xuanling11 | Crypto Learning | 9 Dec 2021


Crypto industry leaders are meeting the US congress today to brief about the crypto economy in the future. The lawmakers are interesting to see what the future of digital currency and cryptocurrency will be like and how it may shape the new financial industry into the future.

 

Here is a 1 min summary of the article if you want to skip the reading.

Education Lawmakers

Lawmakers are not taking crypto seriously. At least, they thought it was just a FOMO. However, since the Central Banks are printing as much as they can, the economy is tanking more and more. There are foreseeable losses on job markets and employments that people will never want to come back to work. How to make people work to earn is the question lawmakers are seeking to answer.

 

Crypto Is Gambling

This is what lawmaker’s perspective about cryptocurrency. It is gambling. You do not know what it is worth yet you buy and hope to gain with large returns. There is not fundamental as many traditional financial industry leaders were always referring to. 

 

Government Is the Biggest Gambler

Until the Fed printed massive money to pump the liquidity up, no one really images how the government can gamble its future until now. The crypto is just a gamble of a small amount. The biggest player is the government who gambles with generations of the future.

 

Teach Lawmakers How to Make Laws

The majority of lawmakers are in their own imaginary land with a happy fiat currency future that can save everything. They do not care or do not want to understand cryptos because there is no need to. However, the current economy is at the edge of collapsing with massive debts and more printing of money to pump up inflation. There is no solution for the future but to push current issues further down in the road.

 

Future Generations Are Victims

The more money to print out, the more debts the future needs to pay off. Of course, there is an argument that money does not need to pay off. But the leverage makes inflation high enough to eat out any margin profits and put many businesses out. 

 

Can Crypto Save the Future

If the future is risky, crypto may help people to avoid the risk by owning the risk. The risk is about miss pricing valuation because the market is volatile without any directions. Crypto is an already miss pricing asset which can weather uncertainty. Compared to fiat currency which is more stable and will miss out on any potential changes in the future.

 

In Conclusion

Lawmakers are gaining more interest in crypto and want to know what they are. But it is the industry to help everyone understand how crypto can benefit society in the long run than continue sacrificing futures.


This article is also published in Cryptologist as parnership publication.
Photo by Kevin Grieve on Unsplash
Note: the post was shared on multiple platforms.

Check out here from Odysee and join here

You can refer my previous article lists here
Digital Commodities- the Unlimited Resources of Commodities Has Born
Universal Income in Crypto Way
DeFi 1.0 is Officially Dead - Welcome to DeFi 2.0
NFT Has a New Purpose
How Many Ads Are Too Much - Floki Inu Ads Got Backfire
Metaverse - Second Life Era
Bitcoin ATM Adoption and Its Potential Security Vulnerabilities
When Corporations Are Running By Everyone
The Fundamental Value Is Irrelevant
Coinbase At Huge Reputation Crisis
CBDCs' Flaw Design
Regulations Start Hitting Crypto Exchanges
From Bitcoin Standard To Zero-Knowledge Proofs - Decentralization 2.0
Shiba Hits 1 Million Users (Army) Milestone: What is Next?
How To Avoid Crypto Scammers
Crypto Philanthropy
Shiba Game - When Meme Meets Metaverse
Twitter CEO Steps Down - A Full-Time Bitcoiner
Change of Macroeconomy Landscape
CBDC Is Losing The Game
Crypto AWS
Doge The Future
El Salvador's Bitcoin
Market Sentiment Has Changed
Brief History of Ethereum and How Ethereum 2.0 May Over Promise
-------------------------------------------------------------------------------------
Disclosure: The article was written by a delusional author who is possibly a nut job without any questions whatsoever about expertise in the subject matters. You should not believe any words this author wrote or you may experience similar symptoms or even possibly become a nut job.

How do you rate this article?


22

0

xuanling11
xuanling11

A delusional author who is possibly a nut job without any questions whatsoever about expertise in the subject matters to write with a freestyle.


Crypto Learning
Crypto Learning

All article was written by a delusional author who is possibly a nut job without any questions whatsoever about expertise in the subject matters.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.