Reasons Why We Missed The Amazing Features Of Cryptocurrency

 

Cryptocurrency is known for its ability to completely eliminate the authority of third-party or central organization over the currency. Today, there are many websites giving information on current cryptocurrency price. Although everyone thinks about decentralization when they hear the term cryptocurrency, there are also some other incredible features of cryptocurrencies that almost everyone missed. These features are hidden like a hurricane far out to the ocean and have the potential to impact the global market significantly.

Cryptocurrency is a stealth feature, which has not been activated yet. But when it does, it will change the way society views the cryptocurrencies nowadays. In this article, we will see some reasons why people missed some amazing features of cryptocurrency.

 

Reasons Why Everyone Missed Amazing Features Of Cryptocurrency

 

1 The Rise of Money

 

It is a well-known fact that money is power, and the kings from the ancient world knew this better. Thus, the power of printing money gave them an absolute monopoly. They converted shiny metal into coins and distributed them to soldiers so that they can use them to buy goods. During that time, these kings used to kill people if they refuse to pay taxes without using these coins. After that, the power passed to the nation-states, which also tried to do the same, which the earlier monarch did. Thus, centralization played an important role, since history, and this is coming until now. 

 

2 Controlling Money Is Similar To Controlling The World

 

The power to control money dates back thousands of years ago. The first Chinese emperor, Qin Shi Huang, eliminated several types of local currency and began an identical copper coin, which is operating till now. Huang wanted to abolish alternative coins and produce a single coin so that he can rule all over the world while using cruelty and blood.

 

3 The Great Pyramid

At present, money is shown at the top, and it goes down to everyone. Money is represented as a pyramid in this case. The dollar itself shows a pyramid having a third eye. The irony here is that the traditional currency, i.e. money printed by the government like the Yen or US dollar, is related to a pyramid system rather than Bitcoin. This is because the traditional currency is printed at the roof of this pyramid by central banks and then brought down to everyone else.

 

4 Cryptocurrency Is Hard To Spend

This is also probably the main obstacle that excluded Bitcoin and Ethereum from the real economy. Liquidity in the cryptocurrency market can quickly shake people. Since it gets tough to make crypto purchases in real life, the cryptocurrency holders are unable to fulfil their holdings.

 

5 Cryptocurrency Is An Abstract Concept

 

It is seen that experienced investors do not have any problems with artificial value and notional scarcity that many financial tools like gold and other tradition currency hold. Although the MO is a tiny fraction of the entire dollars that are currently operating, however, users can still imagine presidents' faces while using their digital wallets and credit cards. In this respect, virtual currencies are often poorly understood. As cryptocurrency is having a significant impact on our daily lives, like food, transport and medicines, these irrational barriers are seeming to fall.

 

6 Crypto provokes too many legal issues

 

For investors, due diligence and regulation play a crucial role. Customers require and demand legal tender, money, which holds a value that is completely accepted wherever it is used. As long as users believe that a license will be required from the broker to make use of coin on groceries and gas, cryptocurrency will be a choice of investment for people who can deal with volatility.

 

Conclusion

 

In summary, we have seen why everyone missed some amazing features of cryptocurrency. Cryptocurrency is well-known for its ability to eliminate third parties. Today, some companies are holding a huge amount of cryptocurrencies that are known as the crypto whale. There are lots of a crypto whale alert available nowadays. Although people think about decentralization when they come across the term 'cryptocurrency'. We have also seen that emperors from the ancient world took full control over the money, which destroyed the concept of a decentralized economy. Finally, it can be said that centralization has deprived people of the full potential of cryptocurrency.