Cryptocurrencies are here to stay and so are we

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(Edited)
Cryptocurrencies came to life as a reaction to the financial crisis from 2008 and since than they've expanded and were widely adopted. Why that happened? One motive is because we trust code more than humans. Most of the blockchains on which cryptocurrencies run have their code open source and the smart contracts that put your crypto at work can and are audited by anyone that has the power to do it. This offers total transparency and is one way of building trust amongst the users which are true investors from the comfort of their couch. And if you think that the banks or middle man was removed from the equation, that is so much better and empowers the end users to get more gains.

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If you are not yet convinced about the future of cryptocurrencies just look a little bit around you. There are so many use cases for them that simply blows your mind... stablecoins, NFTs, multi-layer blockchains (like the ones from HIVE or even Ethereum) that harvest the power of decentralized apps and offers the world a new way of making businesses or transactions. And the engine that drives the mass adoption for sure is the DeFi world which simply reverse the places at the table and now you can earn by putting your assets on different platforms rather than going for a walk to your bank.

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There are risks too, there is volatility, but I think that much of that comes also from the fact that we are still exploring this vast or infinite domain, we are trying with some projects and even fail, but nevertheless we are getting stronger with each experience. And that in time helps managing the risk and keep things steady rather than chaotic or centralized decided. There are many mechanisms that come to life that help stabilize this domain, build trust and forge fundamentals for the future.

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Since I adhered to the blockchain movement and cryptocurrencies in 2017, I never doubt that this is the future. If only I had the energy, perseverance and motivation to keep a high involvement in all this time probably now I would have already forged a financial future for myself. But I am still yet to see that come to fruition and I think that this year - 2021 - we made the biggest steps in this regard: institution adoption. From this point on there is no turning back, there is only the road ahead and us to enjoy it. We are living and growing with this great technology, so let's make the best out of the blockchain and cryptocurrencies!

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4 comments
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I agree they are here to stay but I'm also worried about the rise of government controlled stable coins.

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I think that was something to happen but I see it more like a digital coin with same issues as the real money. Governments will never want to keep the supply limited which I think is one thing that will add value all the time.

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