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how cryptocurrency is improving our financial skills. - aresh banaji lyrics

how cryptocurrency is improving our financial sk!lls
satoshi nakamoto released his open source project bitcoin to the world in january 2009, and it has since helped usher in a new era of finance
money and upgraded finance are, without a doubt, the first applications on this new “internet(s) of money.” what he really gave the world with his blockchain technology was trustless immutability, which has yet to be fully realised in all of its forms, but the potential is staggering

this is our generation’s wealth, and by extension, thе world’s new money (° °)

personally, i am a mеmber of generation x’s last generation. my generation, the millennials, has only recently begun to recognise that we would not have a comfortable and stable retirement if we follow the conventional paths that our grandparents did

most of us are trapped in a mindless loop of jobs to spend in a materialistic world, living paycheck to paycheck. we are constantly enriching old entrenched capital and contributing to widening income disparities in our economies, dragging us all deeper into debt slavery

however, we were fortunate enough to grow up during the internet age, the first global computer technological revolution, the information revolution

gaming arose from this movement, and gaming sp*wned competitive multiplayer experiences. we all got better at increasing our credit and gold stashes in games with their own virtual economies than we did with the paper fiat money our paychecks provided

the next revolution, the internet of money, is now well into its first decade. the perfect type of money is blockchain cryptocurrency coins, tokens, or whatever you want to name them

money can be defined in three ways

1) a valuable store of value

2) an exchange medium

3) a monetary unit of measurement
almost all blockchain assets follow these criteria. because of the immutability of the blockchain, bitcoin is the best store of value (scarcity), ethereum, litecoin, and dash are the best mediums of exchange (speed), and they are all the best units of account the world has ever seen

they’re all fungible and conveniently divisible up to a hundred millionth of a millionth of a millionth of a millionth of a millionth of a millionth of a millionth of because of its ability to exist in both large and small numbers, math makes cryptocurrency the best source of money in the digital era

in a game, building up your crypto assets is similar to building up your gold reserves. people naturally began to invest wisely with their hard*earned cash. putting it in value*added stores to expand over time, or, as the chinese would claim, “saving money.” and hodl, as the internet would claim

we’re currently experiencing a cambrian explosion in cryptocurrency evolution (as coined by shapeshift’s erik voorhess), with over a thousand assets all competing for market share. and, like pokémons, young adults who have turned into investors are attempting to capture them all

gamers are now enacting the lessons learned in “the art of war” and more recent games like “starcraft.” competing with one another to increase their reserves and boost their own economies

new services, such as (saltlending), are now being developed to allow blockchain collateralized asset lending. allowing consumers to understand the true meaning of terms like leverage, liquidity, mutual funds, hedging, and so on, in addition to taking advantage of credit check free loans

on new immutable technology stacks like ethereum, stratis, and lisk, a new wave of companies are designing decentralised applications to address needs that were unimaginable just a year ago

in addition, the blockchain is assisting in the largest transfer of capital the planet has ever seen. from old to new capital, and from the first to the third world

people are gradually regaining control of their finances. this new money will fly around the world quickly and freely without the need for antiquated middlemen who charge high fees. the obsolete, archaic, and war*funding global central banking system is being phased out. and this will be one of our generation’s most significant accomplishments

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- aresh banaji lyrics

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