On different platforms, everyone writes about the crypto space, just to get an attention of a reader. No, one had ever talked about why crypto exists today and is trending? While people only can have answers to the flaws of our monetary system. Do they keep talking about the drawbacks of fiat, mainly on transfer? Fiat currency is being circulated and is accepted in some specific places?  And so on. These all are visible surface issues.

And overall to this, no one is seen talking about why the world needs it? Or is it someone making us or forcing us to use it? Because the initiator is unknown to the world. Why would someone create such a powerful technology blockchain without taking credit just vanishes in the bleak? There are many speculations about the crypto world. No one wants to know about the root of the crypto world. Who would waste time in finding it?

The truth behind the crypto space comes from the conflicts between the government and the rich people. In layman's words, we can say that the roots lie in the struggle for the existence of capitalism.

As we see in the history of mankind, before the monarchy system, there was a Kabila system, where a strong man declared from various means was made chief of the group(kabila). He used to lead the crowd. Slowly, that system turned into a monarchy system.  There used to be inequalities based on the economy among the citizens. Those who have an economy compared to kings slowly struggled against monarchy for power which gave birth to feudal.

Now, these rich people, whether they be former nobles, ministers, feudal etc always tried to be around the power, sometimes they helped the monarchy, and sometimes they used to be conflicts. This struggle is a driving force till today and it is going on.

Everything was going on between the feudal nobles, ministers and kings but after the American war of independence and the French Revolution, the rich class people found out to grip the power of kings through constitutions or by creating Republic states.  This is how, the rich people started to rule in the name of democracy, and the norms and democracy were only concentrated on the rich. 

The world experienced a world war where casualties were more from lower-class people, now, there began to pressure on middle-class people to choose between private property or state power.

The clever middle-class or first-class people gave rights to lower levels like women were given a franchise along with all classes of people with certain age boundaries. In around 1930, this all happened. The democratic norms of democratisation were seen only after world war.

The main stakeholder which mobilizes the power of the nation is the government were formed by the second-class people and first-class people with the power of money. They never letter the majority of people i.e. third-class people know the reality.  This is how they captured the power centres with the money. 

Coming to 2000, now the rich people became aware that they can not always hold this situation hidden behind the curtains. Someday, there would be come back of lower class people to mainstream. So, now it was to invent a new system which is out of the government's reach.

 Coming to 2008, The most secure technology to date in the internet world was built that is blockchain which brought cryptocurrency to the surface.

And we were given a message that crypto is built to cut the flaws of fiat currency. But no, it was to create an ideal world of capitalism.

Capitalism, which seeks a profit, felt that if we are doing trade between one another why there needs to be involvement of government. Why do we need government? To eliminate the role of government, crypto came into existence. But, what do we know? We know that crypto is the future currency. How. Can it be? No one knows, only one knows that with mass adoption.  So, one needs to think that with mass adoption, and bypassing fiat currency we are neglecting the government. When such a situation occurs, a nation can not exist because to exist we need financial resources.

So, only one way is possible, if we were in ancient times without any control mechanism, in that time world there were chances to consider crypto as world currency. Otherwise, till the government exists either crypto will remain as a ban in some countries or it will be under regulations, which both ways are against the norms and values of cryptocurrency.

But one thing I can assure is that cryptos were one of the efforts of building ideal capitalism.

Thank you.