cryptooffer Posted November 22, 2020 Share Posted November 22, 2020 Have you ever thought about what would be the future of money? There is nothing inherently valuable about a dollar or a coin that we are using now. The only reason these things have any value is because we have all decided they should have value. we can say that they do have value by a collective fiction. All about money is the exchanges and the transactions that we do with each other and it is not anything objective. Using digital money has begun in the past two decades. now we all get paid via direct deposit, pay taxes online and pay rent fee via bank transfer. These interactions are changing 1’s and 0’s on computers. anything physical does not exist like a dollar or a coin in this process. And in these interactions, there are large and powerful institutions such as banks. Overall they have done pretty good work but there are some problems need to be fixed. And even though it is up to them to fix, at many times they just do not do. Therefore, there are many frictions in the system, for instance, most of our credit cards don’t work in abroad and transferring money across borders and across currencies is really expensive. It is all because big institutions are holding our digital money and controlling. These frictions obviously take away our ability to freely transact and slow down the work. But the good news is that, we are about to enter a new step of money, programmable future money. It is that we combine software and currency so that money will safely and securely flow directed by software. And when this happens we will be able to remove institutions, our transactions will not be controlled by any governments or banks. We will work without intermediaries and no need to ask permission, or do a conversion or worry about money getting stuck. If you would like to join or feel interested in transforming our world, you can try BINT Protocol, it is where you can get and understand underlying technology of blockchain development, or get the specialized materials to learn more about it. go check it out: http://bintprotocol.com/ Link to comment Share on other sites More sharing options...
MartinFlow Posted December 22, 2020 Share Posted December 22, 2020 Interesting investigation. I also wanna notice that we have to care about our taxes. Sometimes we are paying for nothing. That's why I opened an offshore bank account and save more fund. But it's better do it wit the help of profeesional financial service like this advancedconsulting . On your own it can be expensive. Link to comment Share on other sites More sharing options...
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