Why should I care again?

We as human beings have made systems, rules, methods to interact with each other, one may ask the need for innovation when we have a working model, well the world as we know it is a global village and the enormous impact the real estate bubble had in the global economy needs no explanation; all because of the reliance on the global reserve currency: The United States Dollar, Ironically, protection against inflation is one of the major use cases of cryptocurrency. Let’s explore:

Cosmological consensus on inflation:

That’s exactly why aliens do not visit us. We keep our savings in an asset that’s depreciating every year. An item that cost 1$ in 1990 will cost 2.13$ today so if I had savings of 10,000$ in 1990, In reality, I will only be able to buy items that are worth 5000$ because of inflation. Retrospectively, If I had 10,000$ in bitcoin in 2017, I would have $469,441 today. That’s an increase of 46000% within 5 years.

But clearly, the uptrend has stopped and bitcoin is about to go to zero, Well there are different answers for this question but the most suited one is simple short two words: social proof; Jack Dorsey of Twitter, Tim Cook of Apple, Elon Musk of Tesla, Micheal Saylor of MicroStrategy and many others have invested long term in bitcoin and cryptocurrencies which entails that they have enough confidence in the industry to invest millions of dollars in it and that its demand will only grow in the future.

Satoshi and WikiLeaks:

Julian Assange, the founder of WikiLeaks, thanked the US government because it persuaded payment companies like MasterCard to decline service to WikiLeaks, Julian turned to bitcoin in 2011 and started receiving donations in it and made millions from profits on bitcoin and also roasted the United States government simultaneously with his gratitude, a tough act to follow, indeed. While in 2010, Satoshi shared this message, which is also told to be his last: “Wikileaks has kicked the hornet’s nest, and the swarm is headed towards us” predicting that if WikiLeaks started accepting donations in bitcoin, the US government would crack hard on the currency but the fact that Julian did start accepting donations in Bitcoin is a testament that even the creator of bitcoin had no say in it because of the decentralized nature of the currency. This arc of a story alone is a good enough reason for the stable coins, decentralized exchanges, and privacy coins to exist.

Global Inclusion:

At this time, anyone with an internet connection from anywhere around the world can invest in crypto assets. They can receive/send crypto assets and stable coins globally within minutes in slower blockchains and within a couple of seconds in faster blockchains. Another factor is the open-source nature of most of the crypto projects and the thriving remote job industry it has facilitated. More importantly, it has given people hope that they can invest in new startups and projects without accreditation and huge portfolios.