Both have the potential to transform the world as we know it,but will have to surmount much controversy and opposition to do so.
Drones,because of the concerns of them straying into passenger aircraft lanes,and invasion of citizens privacy in homes and gardens.
Cryptocurrency because of the threat to the established financial systems.
We can follow and be gripped by their bumpy but fascinating ride to fulfilling their potential..
Money Doesn't Grow on Trees
Is another of mother's sayings that appears to be untrue according to some reports lately
Money Trees have been in the news recently,but what is a money tree ?. Is it another leg pull like the Spagetti Tree?
Image credit keywordpictures.com
No according to many of the Bitcoin radicals. it's just like any other tree except instead of leaves there are bank notes.Allelulia.You don't have to go a bank when you want money.You just pop out into the garden and pick the denominations that you need.Simples!
These money trees are Cryptocurrencies according to the radicals.They are revolutionizing the world by decentralizing the creation of fiat money.(Fiat money is a currency established as money by government regulation or law.The term derives from the Latin fiat ("let it become", "it will become") Trust in paper and metal as money and it will become.As it has.
They go on to say - The recent rise of Steem and the record highs of Bitcoin is down-right thrilling!
Especially for those who’ve hedged their bets by buying and holding these crypto when they were at their lower ends. Huge dividends can now be collected for those who wish to cash out and convert their BTC’s,(Bitcoin) SBD’s (Steem Dollars) and Steem (Coin) to the official currencies of their country.
Learn and Earn with Steemit
I don't go along with the more extreme claims above but I think cryptocurrency is now established and will have a part to play as a financial instrument. Whether it will enjoy the privacy and immunity from Central Control by government and banks as claimed, is a fascination to follow - Which is why I joined Steemit.
It is the facebook type social media arm of the crypto Steem (Coin) . A platform to exchange views on this new financial system, and where they pay you for posting.The rewards are made according to the votes received for your content.
And like Facebook there are all the popular categories as well - travel,art,photography.Go here to see all the categories and browse a few posts on your interests - http://steemit.com
Above is a screen shot of my blog and the rewards and vote count.You can see that 'She Kissed What' earned $18.55 My earnings per post have been poor recently.It can be a lottery in getting your posts seen as so many posts are being published,but the icing on the cake is that earnings can be kept as Cryptocurrency Steem (SBD) and I've shown how that has grown my $70.
You won't be alone.People are joining in droves.Where else do you get paid to post?
I joined in January this year and at the beginning of April my account stood at about $70 earned from the posts I'd written.
But then a lot of publicity and excitement arose about Bitcoin which saw it rocket in value on the Crypto Exchange.Other cryptocurrencies like Steem Dollars (SBD) benefited so much that my $70 dollars has risen to over $1100 as I looked today.Tuesday 13th June 2017. Screenshot of my account -
Yes it does yo yo as with any investment,and it could disappear altogether,but it hasn't cost me anything except my labour in writing posts.
I'm sure cryptocurrencies have a part to play as a financial tool,but there is much contradiction surrounding them.Generally the view expressed on Steemit is that because the Blockchain on which the currencies are created or (Mined is the term) enables private, what they call Peer to Peer, financial or other transactions,then it is decentralized. Centralized Control, (Meaning loss of privacy to government or bank), is therefore avoided.
Perhaps I am too brain washed by the 'Money doesn't grow on Trees' belief,but I can't see governments or banks threatened with the loss of what they've enjoyed for hundreds of years just shrugging their shoulders and accepting it.
Governments either aren't aware of the privacy shielding technology of Cryptocurrencies, or complacent ,or think that they can legislate to easily maintain control.The belief of the cryptocurrency radicals is that the internet enables transactions to be made in countries without controls and that there will always be countries competing for that business.
You also earn from commenting. I wrote the following on Steemit to the Money Tree post -
'I like your money tree story,and I can see what you mean about money growing as if on a tree from the investment view,because my rewards from the $70 earned from my Steemit posts since joining in January this year,now stand at over $1000 this morning, thanks to the investment surge.That can wither on the tree overnight in a frost of bad news.
More difficult to understand is the confusion around the day to day use of crypto currency. I read one minute that it is Peer to Peer transacting.Individual to individual or company.No bank,government or other interference or control.
But then I read the transaction charges for Bitcoin are steadily increasing,because demand is slowing the process of mining the transactions.Miners on their computers are choosing to prioritize transactions that pay more for speedier attention.
Supply and Demand governs prices. Nothing changes then ? So we think we've found a way to keep government and bank snouts out of our trough,but the new middlemen will be the miners, mining on their computers The old saying is true isn't it - The more things change, the more they stay as they are.
The best place to learn about the new currency is at the coal face (No pun intended - err miners - coal face) Join Steemit. Earn and Learn. - http://steemit.com
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