Yet Another Case of Why Crypto Is So Powerful

While many people are down talking crypto again and the heavy sell off it had along with hacks, companies closing up shop etc I will agree it has its flaws and those seem to be center spotlight all the time. Instead we rarely see the good positive things crypto brings us and I think that's critical for people to understand.

Just like with any currency there are bad investments, bad people, bad actors and so forth and that goes for FIAT and Crypto alike. The one thing is stuffing fiat cash in your house really isn't a great option you could lose it, fires, not easy to transport in large amounts, risky, little to no security, floods and so forth.

The thing about crypto is it's small, very secure, can be on multiple hardware wallets, paper print out etc. The downfall of it however is just that those random letters and numbers are impossible to remember yourself so you have to write them down and save it somewhere and that's a bit of a security issue. However it's better than what other systems currently offer.

The phrase goes not your keys not your crypto and that stands true for everything in life.

China Locks Fiat Funds

Recent news has come out of china where banks have frozen over 1.5 billion dollars (so far reported but unconfirmed) meaning these people can not get to their money they put into the bank. This goes to show us that a liquidity issue world wide is happening and not just in crypto.

Now if these people had funds in their own crypto wallets they would now have full control and access to those funds at any time without relying on any bank or government. These are very real cases and the core of why bitcoin was developed. These are real issues that are starting to get worse. We have seen continued tax increases, over spending by governments, government's telling us what we can and can't do with our own assets and more. Governments including the united states are becoming more oppressive over it's citizens and while it might not seem like it every little battle that happens in which the government tells you what you can and can't do with your own assets, your body and so forth is overstepping of your freedoms in which so many have fought and died for.

This is exactly the reason I state over and over again why we need secure and decentralized cryptocurrency as it really is the last line of freedoms people have and a way to fight back without violence which we also seem to get to every 300-500 years.

When we start to see governments crack down on something that is actully providing freedoms back to people that should seriously be a red flag for all of you. However so many people get hung up on the few billion dollar issues of Tera Luna, NFT scams, hacks etc and call for regulation of governments. While I don't believe in it and instead figure that the crypto world needs to figure that shiz out it's going to happen none the less.

Are you in control of your own crypto funds?

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