Cryptocurrency in simple details.

[WinterHold]

China won't be a friend and Russia too; actually we Muslims tasted the Russians twice -once in Afghanistan and then in Syria-; they are monsters, fiends that kill at will to implement their strategy.

China showed its claws against Muslims in the famous "Uyghur" concentration camps: 1 thing for certain: the Chinese government despises Islam by concept.

Moreso; the Chinese government fought Cryptocurrency and is one of the biggest enemies of it. 

But don't forget: Russians reached to America's White House through Trump.

Playing "politics" with these sharks will lead you to drown; the American Deep State is one of the sharks also.

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Paper money equals to a certain "commodity" of value -like gold/silver/grain...etc; if you have 50 papers of money you should be able to go to the bank and exchange it with the "raw commodity".

Humans agreed through the ages to use "gold/silver" as the commodity to exchange for goods or services; in ancient times they used "the commodity straightforwardly"; evidence is the "ancient Roman gold coins" excavated.

As time progressed; and banker took control of the world; a more organized way to exchange "commodities"; so fiat money was introduced in the modern era by Nixon in 1971:



https://en.wikipedia.org/wiki/Fiat_money

Any paper money you hold in your hand is "fiat money" -a mere banknote- that you should go to the bank and exchange for a commodity; the commodity of all money you see today is literally "nothing"; there is no gold backing your fiat money, there is no commodity also; the only commodity there is "trust" that America will stay the first and only superpower in the world.

And as long as the USA is the strongest power; your fiat money has a value.


Cryptocurrency is the negation of that. It is a secured currency that can only be generated using computers through the mining process; it can be exchanged for fiat currencies once it is mined.

But I can already exchange commodities for fiat currencies (did so just yesterday, in fact). Why should I go through all the trouble of mining electricity?

Boru

Because America is not the first superpower anymore; other rivals came to the scene: now there is China and Russia, you also have the Islamic alliance that we saw manifesting in Malaysia in the Kuala Lumpur Summit. It is wise to admit that the "new world order" that America built is a mere "tiny political sleight-of-hand" that lasted only for 80 years since WW2's end.

Now the rest of the world started to rise; no one fights alone; America can never take out Russians, Chinese and Muslims in a row. It's common sense if you ask me; easy come easy go. 

That's why smart people began to look ahead of the collapsing currency (U.S dollar) of the collapsing empire (USA); and started to gather other currencies with real "commodities" backing them up.

What is the commodity of the fiat papers you hold in your hands?
That's the question you should ask yourself.