Blogs are always quick to talk negatively about crypto when an illicit or criminal activity is associated to crypto. For an industry that is pretty very young it’s early potentials tend to scare the authorities so much they look for the slightest chance to tag it “not safe” and ready to be banned.

Over the years fiat have been used to do lots of things but not for one day they ever thought of banning fiat but instead thought of ways to increase it security. Where is the same energy for crypto, you can’t find it because they are threatened by crypto. They tried to use the effect of crypto and its production relating it to its effect to the environment, well we can’t compare crypto’s environmental impact to fiat. Fiat is literally paper and we all know where paper is gotten from, trees. This means that trees have to die every year for fiat to be printed. How is that not notoriously dangerous for our environment ?

Young, Not Dumb & Not Broke

Crypto is very young, compared to fiat it’s like a fœtus because the gap year between the creation of fiat and crypto is extremely long. Very young, but still one of the smartest financial technology to had been created. So it’s not about who was created first, but who can deliver well. Crypto is wealthy but not as wealthy as fiat yet, the United State Dollars is one asset that is unlimited and still retains value because of its influence in the world as the most used and dominated currency in the world.

It’s just a matter of time before the world will start pumping money into it, before you know it, it’s market is going to be the highest in the world. With the rate at which crypto is going I will predict this will be possible May be in the next 10 to 15 years.

Now let’s talk about how smart crypto is, crypto currency is so smart that legit people feel safe to use it and the criminals feel safe to use it without knowing it’s not safe for them. It’s a smart technology that makes users anonymous but also makes every activity transparent. Let’s look at this, some of the crypto scammers that have been caught got caught through investigating the activities of the address on the blockchain. But with fiat, is that possible? Nah, it’s literally paper, if I spend $1 Million right now in cash, there is no way it can be traced right back to me. Because fiat is dumb money, it’s not as smart as crypto.

Fiat has been used for illicit transactions and activities for a very long time, in a year it’s possible that the amount of fiat used to perform illicit transactions should be over $500 Billion. So when crypto critics try to use that as a reason to discredit crypto, it’s obvious they do that from a biased perspective forgetting that fiat has been used for worst.

Crypto The Solution

If they can embrace crypto and help in its adoption, then crypto can help a lot and go a long way. The technology is so advanced but still in the infant stage and can help a lot in trying to tackle most of the problem we have in fiat. It’s literally on a blockchain that works based on smart contract.

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