The Flaws of the Current System and Why We Need Crypto
The Flaws of the Current System and Why We Need Crypto
Why did the price of a bowl of noodles jump from 500 Kyats to 3,000 Kyats?
Why did the price of a bowl of noodles jump from 500 Kyats to 3,000 Kyats? 🍜📈
This is called Inflation. When governments print unlimited amounts of paper money to meet their needs, the value of the currency declines. (It isn't that goods are getting more expensive; it is that the value of your money is falling).
This is called Inflation. When governments can print unlimited money as needed, the value of currency decreases. (It's not that the prices of goods go up; it's that the value of money goes down).
Furthermore, our money is controlled by intermediaries known as Banks. If they shut down the system, or if they freeze your account, you can no longer use your own money.
And then our money is controlled by an intermediary organization known as a Bank. If they shut down the system, or if they freeze your account, you can no longer use your own money.
To solve these problems, in 2008, a person named Satoshi Nakamoto introduced a digital currency system called "Bitcoin" that is:
✅ Bank-free
✅ Free from government control
✅ Scarce like gold 🚀
To solve these problems, in 2008, a person named Satoshi Nakamoto...
✅ No need for banks
✅ No government control
✅ Scarce like gold
Introducing a digital currency system called "Bitcoin". 🚀
This marked the beginning of the Cryptocurrency era. But what is Crypto? What is Blockchain? I will explain these in detail in the upcoming topics.
This is just the beginning of the Cryptocurrency era. What is Crypto? What is Blockchain? I will explain in detail in the upcoming topics.
Follow for more ...
#fanxed #CryptoKnowledge🚀 #ZeroToHeroCrypto #Inflation #Part3
