Why Crypto Needs To Break Away Again

Many might not know what it was like to be one of the first adaptors of bitcoin and really what bitcoin or the vision of crypto was all about. Bitcoin became a thing after the massive bank bailouts of 2008 which sent shockwaves into people lives and saw their savings vanish only to have to pay more taxes to bail these banks out. Who saw all the money? The CEOs and higher ups as they stuff their pockets with bonuses and left everyone high and dry yet again.

There has never been a time in history in which the government has returned values and freedoms back to it's people. Instead they constantly impose and put down it's citizens. This is why crypto was created as a way to break away from this broken system and regain control in the hands of the people to make their own choices instead of the government making them.

In a way I'm happy that the bank collapse is happening. It shows how just pointless the SEC is and constantly lets major issues like this become a thing while targeting all the wrong places and hurting legitimate companies.

At first everyone was hell bent on saying how horrible crypto was and what a scam etc. When in reality it's just human nature and people that are the real issue. We see this more clear now with the recent banking issues going on that this is not a crypto issue but a world wide people issue and why power restored back to people to make choices is critical right now more than ever.

My hopes are that more people wake up to this as it's been a number of years and a good generation or two didn't understand these things happen only to have them repeated again. From the looks of it that's something we are seeing is a regained focus and trust on what crypto really can bring to the table as it rallied over 15% today while the stock markets crumbled. The icing on the cake is I believe the FED has to make their massive interest rate hike of at least 50 points in a few days showing even more doom and gloom for banks and the overall economy.

Thus once again showing that a decentralized world of crypto is actully better long term then a closed up busted system that has a select few in power and continue to grow in wealth and power while everyone else suffers for it. At some point every few hundred years there's a breaking point in which war spreads and freedoms get restored. Maybe this time around we learned our lessons? I fear not however.

A quote I recently came upon goes something like this...

When things turn, the same big players use their influence to get others to absorb the damage.

Granted the crypto world still has a long way to go in terms to being self controlled. There's still far to many things like hacks, security breaches, scams etc going on which in a really decentralized world issues like that should go into vote and allow tokens scammed out of the system to be void or something along the lines of that. This is where I see the power of a proof of stake system over a proof of work system like bitcoin is.

Bitcoin had it's day when everyone used CPUs and GPUs to mine it was a pretty fair game. Then came along ASIC and just blew that out of the water and all that left over mining power instead went to Ethereum as ASIC took over bitcoin. It has issues it's rather centralized now and I would argue that Proof of stake is actully more decentralized IF you allow everyone to run a node and stake and vote. Not just a few with enough staked.

It will be interesting how the rest of this year plays out but as far as I'm concerned we all need to seriously pull together and realize that crypto is one of the last lines of defense we have as people to take our freedoms back and make our own choices. It's a way to reduce governments powers which lets be real with everyone here 9 out of 10 times they do not have peoples best interests in mind and it's only gotten worse.

Let's get this done and make powerful blockchains like HIVE show the wave of the future.

Posted Using LeoFinance ^Beta