THE MONEY, oh yes! The real medium of exchange, or maybe not? Actually what is medium of exchange? 

    Well it's quite simple, a medium of exchange facilitates easy transaction between 2 peers. a medium of exchange can be anything.
    For a long period of time it was the precious metals, we call them precious because they did not rust and/or they were quite difficult to extract them from earth, to purify them or even to actually find them, nevertheless.
    Over time people wanted to keep these metals safe from robbers, therefore they give them to some "genius" people that promise them some returns. Those "genius" people observe that keeping the precious metals brought them absolutely no returns on their side, actually they were suppose to give some percentage back to the owners, therefore in their "ingenious" way they loaned the assets with a higher percentage to different other people.
    When the time came to give the incentives or those assets back to the real owners of the precious metals, the "geniuses" thought of a perfect way to not give any physical asset and gave instead some pieces of paper in a form of IOU to insure their customers that their assets are safe with them and they should trust the "geniuses", because well the are "genius".
    Then the "geniuses" realised that, hey we can make as much paper as we want, nobody will know if we do really have anything in our vaults or not. And there my friends the fiat money came to be. The artificial creation of a medium of exchange that was back by absolutely nothing.

But there is more. After the president Nixon cancelled the convertibility of dollars into gold, which by the way it was the "geniuses" idea, a new way of creating money was established. Can you guess what it is? It's DEBT. Yup, debt = money, how is that even possible? Well let me explain in easy terms:

- When you or a company goes to the bank and ask for a loan, the banker says, loan? no problem! He type in a computer a sum and transfer it to your account. The problem is the banker have nothing. the vaults are empty. In the past the banks were suppose to have between 10 to 32% of cash that can be used for withdrawals, But these days they do not need anything at all, therefore they create the money (or more likely the illusion of money) in a form of debt. Only by typing some numbers.

- Then you as a law abiding citizen, you return the loan in either electronic money or cash, including the interest you agreed upon. 

- Your debt is deleted but their profits remain.

Am I missing something here? How is this even legal? It's legal because the politicians says it's legal therefore we must trust them, right? RIIIGGHHHTTT? Nope my friends what is wrong is definitely wrong and even the babies can realise that. We are using a system that we pay tax for, so that this system can continue to exist, because surprise surprise the politicians that were elected by us can make their own loans for aaamm, "political expenses", therefore we idiots MUST pay the taxes, OR ELSE...

Now, comes the question: Who actually must make the money? Those fraudulent Ponzi Schemers or us, the population that work and provide prosperity to the country that we live in? So how do we do that? Thanks to Satoshi, we now have a block chain technology that incentives us through mining, and no other third party or intermediaries can interfere in between. I really love how the block chain technology evolved over time, but unfortunately there are some techs that are meant only to profit certain people, either developers or investors. For example in Bitcoin's case nobody got anything, no premine like Ethereum, no fork drop like Bitcoin cash, and no ICO like the same Ethereum and other coins etc. You can check bellow an updated table from the BitcoinZ´s website:

Oh by the way, I tried to mine Bitcoin Z but it didn't work for me, so if anyone succeeded in mining please let me know, thanks!

So here we go, now you know! Ethereum was not fairly mined from the beginning! The developers and early investors have 70% of all coins in circulation, yeah you got that right seventy percent! So what's the big deal, you might say, all developers are doing these types of allocation, therefore is nothing special, right?

Well my friends you need to consider this:

a) If a large or small amount (but not less then 20 or sometimes 30 and 50% of the coins) enters into developers and early investors wallets, they can easily sell and buyback a bigger amount after the price drops. This leads to a market manipulation. The people or corporations that huge amount of coins are called wales.

b) The market cap of the Ethereum was cancelled therefore an unlimited amount of supply leads to inflation (inflation would reduce the price of the coin).

c) To reduce the inflation it was introduced IP1559. What this actually means? It means that every time when someone makes a transaction, a small part of the transaction fee is burned therefore the market cap is reduce over time, am I correct so far?

Yes, indeed, but there is a catch here, can you guess it? While everyone fights against each other to get a piece of the pie, the big wallets moved ABSOLUTELY NOTHING, meaning that if they would move some coins they will lose them through transaction burning and transaction fees, instead they are keeping the coins to gain profits through the future proof of stake mechanism. This way they will have a constant and steady income without doing anything. And that my friends would make PoS no different than banks themselves.
Can you imagine that if you want to have an Ethereum you must buy it instead of mining it and because of the constant demand and constant burning mechanism, the price will continue to rise? Every year, every month probably even every day, the price will continue to rise no matter what thanks to that IP 1559. The downfall of this concept is actually the absurd price that will come afterwards. I estimate, that at one point in time when the demand will drop they will change the protocol, for their own purposes of course, to continue attracting more buyers.

The Proof of stake it gives you the illusion of leading you to a financial freedom were in fact it leads only the "elites", the super rich individuals and corporations and not the average people that wants to secure their personal or family's future.
The concept of proof of stake and other newer ones like proof of authority and such, are good to know that they exist, in the meaning that it can teach you a lot more things about how a blockchain can work. I love technology and I am interested in everything that comes new on the market, but when it comes to finance I am extremely cautious or sceptic in general, because I lost a lot of money and when I say a lot I meant 1/3 of all my coins if not more (I actually did not calculate how much more, mostly because I am afraid what results I will find...).

What makes me really frustrated is that because of this distraction of "new and improved" technologies and protocols in various block chains made me sell or exchange my own PoW coins for PoS, PoA, dPoS etc coins and therefore losing the value and perspective of my financial independence. Freedom is not possible, always remember that, not now not ever, and nobody can claim that because it would make them liars.

Now comes another question, how all the other alt coins will ever be different then the current financial system? Well they won't be. Why? because in order to purchase them you must utilize cash or stable coins. You can swap them with other coins but the loop is the same. Oh one more thing, remember there is the ICO (initial coin offering) and it's variants offerings? Everything that comes either for free or a ultra low purchasing/investment discount, also makes it no difference then what banks are doing for a long time, one example would be the low interest fees when getting a loan sometimes even having bellow zero interest and so on... Mind blowing isn't it?

JUST TRY ALWAYS REMEMBER THAT AS LONG AS YOU DO NOT MAKE YOUR OWN COINS THROUGH MINING YOU WILL NEVER BE INDEPENDENT!

As far as I observed over the years of mining there are a few limited amount of coins that are worth mining with your own computer, and you can do it very easily by yourself with simplified programs. Here are some of them to consider in checking them out:

- for Proof of Work coins - Monero, Ravencoin, Firo (ex Z-Coin, now is a hybrid blockchain that utilises PoW and PoS), Ethereum Classic, Bitcoin Gold, BitcoinZ, Z-Cash, Doge, to name a few,

- for Delayed Proof of Work - Komodo, Pirate Chain, SmartFi, Einsteinium etc,

- for Proof of Useful Work - Flux Network,

or you can try also these:

- Proof of Spacetime algorithm - File Coin (uses HDD, SSDs or NVMEs),

- Block weave algorithm - Arweave (the same as above).

Usually it is more easier to mine by adding your computer to a mining pool, but if you want an even more easier way of mining you could use and already developed software like Betterhash, Nicehash, Hive OS, therefore you do not need to figure it out how to install a complicated software.
If you actually want to start mining when your computer is idling, then you might consider Betterhash.net. It has the lowest fees out there.

Here is my referral link if your interested: https://www.betterhash.net/?ref=29071

So what do you guys think, are my reasons good enough that changed a little bit your perspective about altcoins? I would really love to know your opinion bellow in the comment section.