Why is inflation rising so fast?

The key is to understand what inflation is. The definition of inflation that economists use is “too much money chasing too few goods.” If you break this down, you’ll notice two parts. There is a part for amount of money and a part for goods. The word “good” means anything you buy with money, which can be things, services, experiences, etc. Notice that there is a relationship between money and goods. This relationship is driven by supply and demand, but an easy way to think about it is that there must be a balance between the two in order for the value of goods to remain stable.

How can one get too much money? The question that comes from this is: How is money created? Today’s money is called fiat money. Fiat means “by decree” or “by law”. When you see the words used “by law”; this can be interpreted as “violent”. Because the laws are enforced by the police or the military, which literally means that they will harm you if the laws are not obeyed. Think mafia, but legal. This means that we have no choice about the money we use if we want to comply with the law. By definition, other forms of money cannot be used for transactions or the purchase of goods. Try using gold or silver coins or cryptocurrencies to pay taxes in Canada. Only Canadian dollars can be used. The other key term to remember is that today’s money is a debt unit. When you hear the word debt, it means that someone owes the money that was created, as in a loan. There is interest associated with this loan, just like all other forms of debt. Since the interest is on a country’s currency, the interest is borne by the country – meaning the country’s taxpayers. This is where the income tax system comes into play. Have you noticed in the last 2 years how much extra money was “created” around the world? Is there a limit to how much money can be created? There isn’t, and so too much money can be created quite easily and without much oversight.

What about the goods? Due to the government’s response to the pandemic, people are unable to produce the goods they used to produce because they are forced to stay at home or close their businesses. Workers are also paid to stay at home instead of producing. You can add in reduced demand from people who can’t shop, and the amount of goods produced will continue to decline. There have been parts shortages and delivery delays lately. Because of the just-in-time headache that is today’s logistics, any small disruption will create a ripple effect that will exponentially compound the delay in getting manufactured goods. The more complex the product and the more dependent on logistics, the longer the delays and the greater the disruptions.

What you are witnessing now is the two forces coming together at the same time – too much money and too few goods. Will this continue? Given that governments will create more debt to pay off old debt, this creates an exponential effect that will approach an unlimited amount of money being created. It also means that the current fiat currency will become more worthless and may be abandoned. Inflation will continue until the form of money is replaced by something scarce and limited and manufactured goods stabilize. The two parts of the equation will then balance again. To counteract the forces of inflation, this means less money or debt creation combined with more goods produced.

Will crypto-based e-commerce destroy the banking industry dinosaur-style?

Banking as we know it, has been around since the first currencies were minted – perhaps even before that, in one form or another. Currency, specifically coins, is derived from taxation. In the early days of ancient empires, an annual taxation of one pig may have been reasonable, but as empires expanded this type of payment became less desirable.

However, since the Covid situation, it seems that not only have we moved to a ‘cashless’ society (as in who wants to handle potentially ‘dirty money’ in a shop) and with ‘contactless’ levels of credit card transactions now increased up to £45, and now even accepted small transactions, such as a daily newspaper or a bottle of milk, are paid for by card.

Did you know that there are already over 5,000 cryptocurrencies in use, and of these, Bitcoin stands out strongly in this list? Bitcoin, in particular, has had a very volatile trading history since it was first created in 2009. This digital cryptocurrency has seen a lot of action in its relatively short life. At first, Bitcoins were traded for almost no money. The first real price increase occurred in July 2010, when the valuation of one bitcoin went from around $0.0008 to around $10,000 or more per coin. Since then, this currency has seen some major ups and downs. However, with the introduction of so-called “stable” coins – those backed by the US dollar or even gold – this cryptocurrency volatility can now be brought under control.

But before we explore this new form of crypto-based e-commerce as a method of controlling and using our assets, including our “FIAT” currencies, let’s first look at how banks themselves have changed over the past 50 years.

Who remembers the good old checkbook? Before bank debit cards appeared in 1987, checks were the primary way to transfer assets with others in commercial transactions. Then with bank debit cards along with ATMs, acquiring your FIAT assets became much faster for online trading transactions as well.

The problem that has always been with banks is that most of us needed at least 2 personal bank accounts (a checking account and a savings account) and one for each business we owned. Also, trying to move money from your bank account “quickly” to, say, an overseas destination, was kind of like SWIFT!

The other problem was the price. Not only did we have to pay a regular service fee for each bank account, but we also had to pay a hefty fee for each transaction, and of course, on very rare occasions, we would not get any worthwhile interest on the money in our checking account.

On top of that, Overnight Trade, every night, with the help of expert financial traders (or, more recently, artificial intelligence (AI) trading systems), all OUR assets will be traded, and with the economies of scale, the banks became the main earner of our assets – but not us! Explore the potential business that can be made from “OVERNIGHT Trading”.

So to sum it up, not only are the banks charging a hefty fee to store and move our assets, by using clever trading techniques, they are also making hefty profits from trading our money in the Overnight scheme, which we see no benefit to .

The other question is – do you trust your bank with all your assets?

How about what the Bank of Scotland, which was the National Bank of Scotland, now owned by Lloyds Banking Group, recently indicated in a press release in September that read “Lloyds Bank asset fraud – the most serious financial scandal of modern times.”

Why not Google this website and then decide for yourself?

So, let’s now look at how a crypto-based e-commerce system should work and how the benefits enjoyed by the banks with OUR money can become a major profit center for the asset holders – USA!

10 years oldth October 2020 saw the launch of a major new crypto-based e-commerce company – FREEBAY.

In short, Switzerland based FreeBay is a company incorporating its own Blockchain technology, with its own SAFE Crypto Coin (based on V999 technology) and allows its members to transfer their FIAT assets into Gold Bullion, eliminating the need to involve any BANK .

V999: blockchain-authorized digital gold; digital token backed by physical gold V999 Gold (V999) is a digital asset. Each token is backed by one-tenth of a fine gram of gold bullion held in vaults. If you own V999, you own the underlying physical gold that is being held. Additionally, FreeBay members can purchase packages that include powerful intelligence-based automated trading robots.

So now you can not only achieve complete independence from a standard BANK, but you can also trade, like banks, your digital gold assets, in the form of V999 Crypto tokens, on the OVERNIGHT systems, only now you, the owner of the asset, get the rewards, not the banks.

But there is another great advantage of trading V999 tokens. As you would be Generic owner of the token, so, like banks, every time a V999 token is traded (ie sold), say to buy Bitcoin or another cryptocurrency, a transaction fee is charged. Every time a transaction is made, the common owner of the V999 token receives a small percentage of this fee.

Note that once a trade is made and a V999 token is sold in exchange for, say, Bitcoin or another crypto coin, a small percentage of that transaction fee is paid to COMMON OWNER of that token (ie YOU). Because Freebay’s goal is to make V999 Token one of the most sought-after safe crypto coins, even after your Token has been sold to another merchant, as you are still Common owner of the V999 tokeneach time that Token is traded by another trader, you are the common owner of this token who receives trading commission.

This can not only create great Passive income to you, for life, but is Willable to your descendants – and no conventional bank is involved anywhere.

So, the more V999 tokens you buy and get into circulation, the bigger and better your residual income – not only for your life, but possibly for your dependents – can become a reality.

Interested enough to learn more? Then click here.

What is blockchain?

Blockchain is an irrefutable inventive invention that is practically revolutionizing the global business market. Its evolution has brought with it a greater good not only for the business but also for its beneficiaries. But since it is a revelation to the world, the vision of its operational activities is still unclear. The main question on everyone’s mind is – What is Blockchain?

To begin with, Blockchain technology serves as a platform that allows the transit of digital information without the risk of copying. It somehow laid the foundation for a strong backbone of a new kind of internet space. Originally created to deal with Bitcoin – trying to explain to the layman the functions of its algorithms, hash functions and digital signature properties, today technology enthusiasts are finding other potential applications of this flawless invention that could pave the way to the beginning of a whole new business process in the world.

Blockchain, by definition in all respects, is a type of algorithm and data distribution structure for managing electronic money without the intervention of any centralized administration, programmed to record all financial transactions as well as everything of value.

Blockchain work

Blockchain can be understood as a Distributed Ledger technology that was originally created to support the Bitcoin cryptocurrency. But after heavy criticism and rejection, the technology was retooled for use in more productive things.

To give a clear picture, imagine a spreadsheet that is practically magnified tons of times in multiple computing systems. And then imagine that these networks are designed to update this spreadsheet from time to time. That’s exactly what blockchain is.

The information stored in a blockchain is a shared sheet whose data is matched from time to time. This is a practical way that speaks of many obvious advantages. To be together, blockchain data does not exist in one place. This means that everything stored there is open to public inspection and inspection. Also, there is no centralized information storage platform that hackers can damage. In practice, it has access to over a million computing systems side-by-side, and its data can be viewed by anyone with an Internet connection.

Blockchain sustainability and authenticity

Blockchain technology is something that minimizes the internet space. It’s a chic, robust character. Similar to offering data to the general public via the World Wide Web, blocks of authentic information are stored on a blockchain platform that is equally visible across all networks.

It is important to note that blockchain cannot be controlled by a single person, entity or identity and has no single point of failure. Just as the Internet has proven to be a durable space for the past 30 years, blockchain will also serve as an authentic, trusted global stage for business transactions as it continues to evolve.

Transparency and incorruptible nature

Industry veterans argue that blockchain lives in a state of consciousness. In practice, it is checked from time to time. This is similar to a self-auditing technology where its network reconciles each transaction, known as a block, that occurs on board at regular intervals.

This gives birth to two main properties of the blockchain – it is very transparent and at the same time it cannot be damaged. Every transaction that takes place on this server is embedded in the network, making everything visible at all times to the public. Also, editing or omitting blockchain information requires a huge amount of effort and strong computing power. Against this backdrop, frauds can be easily identified. Therefore, he is called incorruptible.

Blockchain users

There is no set rule or regulation on who should or can use this flawless technology. Although its potential users are currently only banks, trading giants and global economies, the technology is also open to everyday transactions of the general public. The only drawback blockchain faces is global adoption.

International cryptocurrency regulations will create win-win situations

The background

Initial coin offerings on blockchain platforms have painted the world red for tech startups around the world. A decentralized network that can distribute tokens to users backing an idea with money is both revolutionary and rewarding.

Profitable Bitcoins proved to be an “asset” for early investors, giving manifold returns in 2017. Cryptocurrency investors and exchanges around the world seized the opportunity, writing huge returns for themselves, leading to the rise of numerous online exchanges. Other cryptocurrencies such as Ethereum, Ripple and other ICOs have promised even better results. (Ethereum grew by more than 88x in 2017!)

While international commodity organizations brought millions of dollars into the hands of start-ups within days, the governing governments initially chose to keep an eye on the fastest growing fintech ever, which had the potential to raise millions of dollars in a very short period of time.

Countries around the world are considering regulating cryptocurrencies

But regulators have grown wary as the technology and its underlying effects have gained traction, as ICOs have begun to consider billions of dollars worth of funds — also on proposed plans written in white papers.

In late 2017, governments around the world jumped at the chance to intervene. While China has completely banned cryptocurrencies, the SEC (Securities and Exchange Commission) in the US has highlighted the risks they pose to vulnerable investors and proposed treating them as securities.

A recent cautionary statement from SEC Chairman Jay Clayton issued in December cautioned investors by mentioning,

“Please also note that these markets span national borders and that significant trading may occur on systems and platforms outside of the United States.” Your invested funds can quickly travel abroad without your knowledge. As a result, risks may be increased, including the risk that market regulators, such as the SEC, may not be able to effectively prosecute bad actors or recover funds.”

This was followed by India’s concerns, with Finance Minister Arun Jaitley in February saying that India does not recognize cryptocurrencies.

A circular sent by the Reserve Bank of India to other banks on April 6, 2018, asked banks to sever ties with companies and exchanges involved in cryptocurrency trading or transactions.

In the UK, the FCA (Financial Conduct Authority) announced in March that it had formed a cryptocurrency task force and would take help from the Bank of England to regulate the cryptocurrency sector.

Different laws, tax structures in different nations

Cryptocurrencies are primarily coins or tokens launched on a cryptographic network and can be traded globally. While cryptocurrencies have more or less the same value around the world, countries with different laws and regulations can provide different returns for investors who may be nationals of different countries.

Different laws for investors from different countries would make calculating returns a tedious and cumbersome exercise.

This would involve investing time, resources and strategies, causing unnecessary prolongation of processes.

The solution

Instead of many countries creating different laws for global cryptocurrencies, there should be the constitution of a single global regulatory body with laws to apply across borders. Such a move would play an important role in improving legal cryptocurrency transactions around the world.

Organizations with global purpose like UN (United Nations), World Trade Organization (WTO), World Economic Forum (WEF), International Trade Organization (ITO) are already playing an important role in uniting the world on various fronts.

Cryptocurrencies were created with the basic idea of ​​transferring funds around the world. They have more or less similar value in the exchanges except for the minor arbitrage.

A global regulatory body to regulate cryptocurrencies worldwide is the need of the hour and can establish global rules to regulate the latest way of funding ideas. Currently, each country is trying to regulate virtual currencies through laws that are in the process of being drafted.

If the economic superpowers with other countries can build a consensus to introduce a regulatory body with laws that know no national borders, then this will be one of the biggest breakthroughs towards designing a crypto-friendly world and will encourage the use of one of the most -transparent financial technology system ever - blockchain.

A universal regulation consisting of subsections related to cryptocurrency trading, refunds, taxes, penalties, KYC procedures, exchange-related laws and penalties for illegal hacks can give us the following advantages.

  1. It can make calculation of profits super easy for investors worldwide as there will be no difference in net profits due to uniform tax structures

  2. Countries around the world can agree to share a certain portion of profits as taxes. Therefore, the states’ share of taxes collected will be the same throughout the world.

  3. It can save the time required to set up multiple committees, draft bills followed by deliberations in the legislative arena (such as the Parliament in India and the Senate in the US).

  4. You don’t need to go through the strict tax laws of every country. Especially those involved in multinational trade.

  5. Even companies offering tokens or ICOs will comply with the said “international law”. Therefore, calculating the income after tax would be easy for companies

  6. A global structure will require more companies to come up with better ideas, thus increasing job opportunities around the world.

  7. The law may be aided by an international watchdog or regulatory body for global currencies, which may have the power to blacklist an ICO offering that does not adhere to the norms.

These are not all the advantages when it comes to the law to govern cryptocurrencies around the world. There are certain disadvantages as well.

Getting the world’s financial leaders to come together and draft a law could take time. Discussions and bringing them to consensus can be challenging

  1. Countries or economies providing tax-free structures may not agree to adopt the law that provides for a universal tax policy

  2. Global watchdog or regulatory intervention in monitoring ICO-related regulatory developments may not go down well with some countries

  3. Universal law can cause the world to split into factions. Countries that do not support cryptocurrency like China may not be part of it.

  4. The law may be a figment of the imagination of economically powerful nations who could design it to suit their best interests.

  5. This law will be centralized with a global regulatory body unlike cryptocurrencies which are decentralized in nature.


The world was together for the better. Whether it’s creating a peaceful world after World War II or uniting for better trade laws and treaties.

The International Trade Organization (ITO), the World Trade Organization and the World Economic Forum have some of the best minds defining the global economy.

They can come together and be part of a body that will determine the economic prosperity of the world. They will help draft global cryptocurrency norms and may be part of the regulatory body that will be a guide and beacon for thousands of ICOs around the world for the better. This may take time initially, but it will make things easier for later times.

Benefits of Panaesha Capital Exchange (PCEX).

The cryptocurrency market boomed in 2017-2018; the total market cap of cryptocurrencies reached $700 billion last year. With the huge market potential offered by cryptocurrencies, digital currency trading is booming and several crypto exchanges have been launched within a year and more are under development. Crypto exchanges are platforms where traders can exchange cryptocurrencies for other cryptocurrencies or fiat money.

Panaesha Capital Exchange (PCEX) is a cryptocurrency trading platform due to launch in Q3 2018. PCEX is secure, fast, provides high liquidity and uses a brokerage channel for added security. The platform is a one-stop trading solution; offering both cryptocurrency to cryptocurrency exchange and cryptocurrency to fiat currency trading.

Advantages of PCEX

A multifunctional exchange platform

Many crypto-exchanges, even well-known platforms, only support crypto-to-crypto transactions, forcing traders to conduct their activities on multiple exchanges. Crypto traders first buy cryptocurrencies for fiat money on a certain platform and then spread the currencies across several trading platforms to provide liquidity and profit. To convert digital currencies to fiat, traders have only a few platforms to choose from. PCEX is a complete solution offering high liquidity; crypto-traders can do all their trades on one platform and substantial returns will also be ensured.

High liquidity

To promote the liquidity of PCEX digital assets, the platform embodies all the key attributes of a fast-growing exchange;

Easy user interface to simplify the transaction process. PCEX is built similar to the format of the National Stock Exchange for familiarity.

Low transaction fees (PCEX insists on very few trading fees on the platform).

Advanced buying and selling process through a superior matching engine. Trade orders will be matched quickly on the platform.

High caliber order matching

PCEX users are offered the limit trading procedure so that they can buy or sell assets at a price determined by them; the matching engine will try to improve the sale by matching the user’s trade with a better price for a limited time. The limited time will be set by the traders, after which the trade order will be removed from the platform. PCEX has the ability to quickly match orders through a superior order matching engine.

Affordable fees

To trade on PCEX, crypto traders will only pay two fees: transaction fees and withdrawal fees. The transaction fee of PCEX is much lower than the fees of other platforms offering similar services. A significant portion of transaction fees go to PCEX brokers and sub-brokers; the platform will receive a smaller portion of the cut.

Broker and sub-broker channels

Crypto-trading brokers and sub-brokers is a unique feature of the PCEX trading platform. Traders on crypto exchange platforms usually face poor customer support and slow response times. PCEX addresses this shortcoming by employing a range of brokers and sub-brokers to personally assist traders with each trade. PCEX traders will be assigned a single point of contact that they can contact at any time for assistance. No dark period of no reaction will ever be associated with PCEX.

Through the brokerage channel and exceptional services, PCEX aims to build long-term relationships with users. The brokerage channel also adds a layer of security to the platform.

High security

By the way, PCEX has several levels of security. The platform has a Clark-Wilson model of security architecture to ensure data integrity. The security system will check the reception of PCEX information so that data breaches can be prevented together. Secure platform operations require auditors to cooperate; devices and identities are available to protect the website. PCEX provides crypto-traders with a level of security that is impenetrable and keeps traders’ identities and digital assets safe from hackers and accidental loss.

All PCEX users, brokers and sub-brokers must complete a KYC/AML protocol; PCEX prepares in advance for any regulations that may arise in the future. Traders can also be sure of the legitimate behavior of the platform.


Cryptocurrency trading is a volatile atmosphere with price peaks and troughs almost every day. Price volatility depends on government or state regulations, security, acceptance of digital currencies by sellers, major players, etc. Cryptocurrency trading provides a much higher return on investment than the traditional stock market; early cryptocurrency investors made millions in profits in 2017-2018.

To support the growing demand for digital currencies and digital currency trading platforms, PCEX adopts an advanced framework with full-service tools. Everything a crypto-trader would need to trade smoothly and hassle-free is available on PCEX. In fact, PCEX goes the extra mile.

Check out the new and exclusive crypto exchange at http://www.pcex.io.

Getting started with crypto

Investing in the cryptocurrency market space can be a bit daunting for the traditional investor, as investing directly in cryptocurrency (CC) requires the use of new tools and the adoption of some new concepts. So if you decide to dip your toes into this market, you’ll want to have a very good idea of ​​what to do and what to expect.

Buying and selling CC requires you to choose an exchange that trades the products you want to buy and sell, whether it’s Bitcoin, Litecoin, or any of the over 1,300 other tokens in play. In previous editions, we have briefly described the products and services offered on several exchanges to give you an idea of ​​the different offerings. There are many exchanges to choose from and they all do things their own way. Look for the things that matter to you, for example:

– Deposit policies, methods and costs for each method

– Withdrawal policies and costs

– Which fiat currencies do they work with for deposits and withdrawals

– Products they deal in such as crypto coins, gold, silver, etc

– Transaction costs

– where is this exchange based? (USA / UK / South Korea / Japan…)

Be prepared for the Exchange setup procedure to be detailed and long, as Exchanges usually want to know a lot about you. This is similar to opening a new bank account in that exchanges are brokers of value and want to be sure that you are who you say you are and that you are a reliable person to do business with. “Trust” seems to be earned over time, as exchanges usually only allow small investment amounts to begin with.

Your exchange will store your CCs in a repository for you. Many offer “cold storage”, which simply means that your coins are stored “offline” until you indicate that you want to do something with them. There is a lot of news about exchanges being hacked and lots of coins being stolen. Think of your coins as being in a sort of bank account on the exchange, but remember that your coins are only digital and that all blockchain transactions are irreversible. Unlike your bank, these exchanges do not have deposit insurance, so keep in mind that hackers are always out there trying to get their hands on your crypto coins and steal them. Exchanges usually offer password-protected accounts, and many offer 2-factor authentication schemes – something you should seriously consider to protect your account from hackers.

Considering that hackers like to attack exchanges and your account, we always recommend you to use a digital wallet for your coins. It is relatively easy to move coins between your Exchange account and your wallet. Be sure to choose a wallet that handles all the coins you want to buy and sell. Your wallet is also the device you use to “spend” your coins with merchants that accept CC for payment. The two types of wallets are “hot” and “cold”. Hot wallets are very easy to use, but they leave your coins exposed to the internet, but only on your computer, not on the Exchange server. Cold wallets use offline storage media such as dedicated hardware storage and simple hard copy printouts. Using a cold wallet makes transactions more complicated, but they are the safest.

Your wallet contains a “private” key that authorizes any transactions you wish to initiate. You also have a “public” key that is shared across the network so that all users can identify your account when they engage in a transaction with you. When hackers get your private key, they can move your coins anywhere they want and it’s irreversible.

Despite all the challenges and wild volatility, we are confident that the underlying blockchain technology is a game changer and will revolutionize the way transactions are done in the future.

Crypto Signal Services – Choosing the Best

Crypto trading can be profitable when a trader manages to monitor the market around the clock. However, this is something that can be challenging, but fortunately there are crypto signal services that can be used to offer the necessary trading assistance. They offer signals so that traders can make the right decisions with their trading at the right time for that matter. With cryptocurrency trading so popular, a number of crypto signal services have emerged. So how do you choose the best to offer valuable information to make your trading the most successful?

Quality of service

This is one of the most important factors to consider when choosing the services. The trading platform should have an impressive success rate and should also offer relevant signals to guide you through trades and market trends. Signals must also be sent in a timely fashion so that they match actual market activities. Check that they are generating alerts as quickly as possible; that makes all the difference.


Remember that you will be trusting them to guide you with your trades and therefore you want to choose someone you can fully rely on to make a safe choice. This means that you should choose a provider that is 100% legitimate. A provider that says how they generate the signals is more reliable, whether they are expert traders or automated software. In a world full of scams, you really have to be careful who you choose to work with.

Free trial period

One of the best ways you can tell if a provider is genuine is by offering you a free trial of their services. This is true even when it comes to crypto trading. A provider that offers free signals for a certain period of time gives you a chance to determine the quality and reliability of the service. By trying before you invest, you enter the services with full trust and confidence. Legit signals will have no problems, giving you the freedom to decide whether to work with them or look elsewhere in case you are not happy with what you are getting.


Even with a free trial, you’ll definitely need to subscribe to the services at some point. Avoid providers offering the signals for free as they may not be legitimate. However, you should also not be tricked into paying huge amounts for the subscription. Pricing should be reasonable for the quality of service you can enjoy. Do the math and do some research to make the right decisions in the end.


Besides being available 24/7 for your assistance, they should be familiar with the digital currency exchange and the application they are offering you. Without this kind of support, you will still have trouble enjoying the value that the services are intended to add to you.

What is cryptocurrency and bitcoin?

The network is part of society and is shaped by society. And until society becomes a crime-free zone, the web will not be a crime-free zone.

So what is cryptocurrency? Cryptocurrency is a decentralized payment system that essentially allows people to send currency to each other over the network without the need for a trusted third party such as a bank or financial institution. Transactions are cheap and in many cases free. In addition, payments are also pseudo-anonymous.

Also, the main feature is that it is completely decentralized, meaning there is no single central point of authority or anything like that. The consequences of this are done by anyone who has a complete copy of all transactions that have ever occurred with Bitcoin. This creates an incredibly resilient network, meaning no one can change, undo or control any of the transactions.

The high level of anonymity there means that it is very difficult to trace transactions. It’s not completely impossible, but it’s impractical in most cases. So, cryptocurrency crime – because you have fast transactions without borders and you have a high level of anonymity, it in theory creates a system that is ripe for exploitation. So in most cases when it’s an online crime with online payment systems, then they tend to go to the authorities and, say, we can hand over that payment information or we can stop those transactions and reverse them. And none of this can happen with Bitcoin, so in theory it makes it suitable for criminals.

In light of that, many different agencies are researching Bitcoin and looking at Bitcoin and trying to understand how it works and what they can do to control it. It’s also been in the media quite a few times, and the media, being the media, likes to focus on the bad side of it. So they focus a lot on crime with him. So if there is theft or fraud or something like that, then they tend to blame bitcoin and bitcoin users.

So the most notable one is probably Silk Road, which was recently taken down and through its $1.2 billion worth of bitcoins went to pay for everything from drugs to guns to killing men to that sort of thing. And the media was again very quick to blame it on bitcoin and say it was the bitcoin user’s fault.

But there is actually very little evidence of the scale of the cryptocurrency crime problem. We don’t know if there’s a lot or we don’t know if there’s a little. But still, people are very quick to label it as a criminal thing and forget the legitimate uses, like quick and fast payment.

So a couple of research questions I’m looking at in this area are what does Bitcoin crime look like? So many people will say that fraud and theft have been going on for centuries. But the means by which they happen are changing with technology. So a Victorian street hustler would in practice be doing something very different from a 419 Nigerian hustler prince.

So the next issue I would also like to explore is looking at the scale of the cryptocurrency crime problem. So by generating a log of known fraud and theft and things like that, we can then cross-reference that with the public transaction log of all transactions and see what fraction of transactions are actually illegal and criminal. So my final question would be to what extent does the technology itself actually facilitate crime? By looking back at the crime logs, we can see what specific types of crimes are occurring and whether it’s actually the fault of the technology, or if it’s just the same old crimes we’ve seen before. And after considering these things, we can start thinking about possible solutions to the problem of Bitcoin crime.

And we can consider that the only appropriate solution would be one that preserves the core values ​​of the technology itself, which would be privacy and decentralization. The media pay a lot of attention to the criminal aspects. And they don’t place enough value on legitimate uses because Bitcoin is a technology that allows for quick, fast payments, which is useful for anyone who has ever paid for something on the web.

6 benefits of investing in cryptocurrencies

The birth of Bitcoin in 2009 opened the door to investment opportunities in an entirely new kind of asset class – cryptocurrency. Many entered space very early.

Intrigued by the huge potential of these emerging but promising assets, they bought crypto at low prices. Consequently, the rise of 2017 made them millionaires/billionaires. Even those who didn’t bet much reaped decent profits.

Three years later, cryptocurrencies still remain profitable and the market is here to stay. You may already be an investor/trader, or you may be considering trying your luck. In both cases, it makes sense to know the benefits of investing in cryptocurrencies.

Cryptocurrency has a bright future

According to a report titled Imagine 2030 published by Deutsche Bank, credit and debit cards will become obsolete. Smartphones and other electronic devices will replace them.

Cryptocurrencies will no longer be seen as outcasts, but as alternatives to existing monetary systems. Their advantages, such as security, speed, minimal transaction fees, ease of storage and relevance in the digital age, will be recognised.

Specific regulatory guidelines would promote cryptocurrencies and encourage their adoption. The report predicts that there will be 200 million cryptocurrency wallet users by 2030 and almost 350 million by 2035.

Opportunity to be part of a growing community

WazirX’s #IndiaWantsCrypto campaign recently completed 600 days. This has become a grassroots movement supporting the adoption of cryptocurrencies and blockchain in India.

Also, the recent Supreme Court ruling that overturned the RBI’s 2018 ban on crypto banking has instilled a new surge of confidence among Indian Bitcoin and cryptocurrency investors.

The 2020 Edelman Trust Barometer report also points to people’s growing faith in cryptocurrencies and blockchain technology. According to the findings, 73% of Indians trust cryptocurrencies and blockchain technology. 60% say the impact of cryptocurrency/blockchain will be positive.

As a cryptocurrency investor, you are part of a thriving and fast-growing community.

Increased earning potential

Diversification is a basic rule of investing. Especially in these times when most of the assets have suffered heavy losses due to economic hardship caused by the COVID-19 pandemic.

While the Bitcoin investment has returned 26% year-to-date, gold has returned 16%. Many other cryptocurrencies have registered triple digit ROI. Stock markets, as we all know, have seen dismal results. Crude oil prices fell below zero in April.

Including Bitcoin or other cryptocurrencies in your portfolio would protect the value of your fund in such uncertain situations in the global market. This fact was also impressed upon the billionaire macro hedge fund manager Paul Tudor Jones when he announced his plans to invest in Bitcoin a month ago.

Cryptocurrency markets operate 24X7X365

Unlike regular markets, cryptocurrency markets work around the clock, all days of the year without fatigue. This is because digital currency systems are essentially designed using pieces of software code that are protected by cryptography.

The operational plan does not involve human intervention. So you are free to trade crypto or invest in digital assets whenever you want. This is a great benefit! Cryptocurrency markets are very efficient in this way.

For example, Bitcoin has successfully processed transactions with a 99.98% uptime since its inception in 2009.

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No documents or formalities are required

You can invest in Bitcoin or any other cryptocurrency anywhere and anytime without any unnecessary terms and conditions.

Unlike conventional investment options, where an absurdly large amount of documentation is required to prove yourself as an “accredited investor”, crypto-investing is free for all. In fact, this was the intended purpose behind the creation of cryptocurrencies. The democratization of finance/money.

To buy any cryptocurrency on WazirX, you need to open an account for which you just need to provide some basic data, including your bank account information. Once they’re checked, within a few hours, you’re good to go.

Sole Proprietorship in Investments

When you buy Bitcoin or any other cryptocurrency, you become the sole owner of that particular digital asset. The transaction is carried out according to the peer-to-peer scheme.

Unlike bonds, mutual funds, stockbrokers, no third party “manages your investment” for you. You manage the buying and selling whenever you want.

User autonomy is the biggest advantage of cryptocurrency systems, which provides incredible opportunities to invest and build a corpus on your main capital “independently”.

These were some of the benefits of investing in cryptocurrencies. We hope you find them useful and convincing enough to start your crypto investment journey.

Why there will never be another Bitcoin

Well, it’s been a crazy 10 years for Bitcoin. In fact, it has been more than 10 years since Bitcoin was first created by Satoshi Nakamoto. Whoever he, she, or they was, they had a profound effect on the world. They no doubt anticipated this, which is why they chose to disappear from the limelight.

So more than a decade later, Bitcoin is still alive and stronger than ever. Thousands of other crypto coins emerged as everyone tried to imitate the king of crypto. All have failed and will continue to fail. Bitcoin is one type. Something that cannot be repeated. If you don’t know why, let me explain.

If you don’t know what Bitcoin is, I’ll just give you a few quick key points:

  • Bitcoin is an online cryptocurrency

  • It has a maximum supply of 21 million

  • It cannot be tampered with

  • Not all coins are in circulation yet

  • It is completely decentralized with no one controlling it

  • It cannot be censored

  • This is money from an affiliate network

  • Anyone can use it

  • Bitcoin has a fixed supply that decreases every 4 years

What Makes Bitcoin Different?

So what makes Bitcoin different from all the thousands of other coins that have been invented since then?

When Bitcoin was first invented, it began to spread slowly among a small group of people. It grows organically. As people began to see the benefits of Bitcoin and how the price would increase due to its fixed supply, it began to grow faster.

The Bitcoin blockchain is now spread across hundreds of thousands of computers around the world. It spread beyond the control of any government. Its creator has disappeared and now operates autonomously.

Developers can upgrade and improve the bitcoin network, but this should be done in my opinion across the entire bitcoin network. No one person can control Bitcoin. This makes Bitcoin unique and impossible to copy.

There are thousands of other cryptocurrencies out there right now, but as an example of what makes Bitcoin different, I’ll use Ethereum as an example. It is one of the biggest altcoins right now and has been since it was invented in 2015 by Vitalik Buterin.

Vitalik controls the Ethereum blockchain and essentially has the final say on every development that happens on Ethereum.

Censorship and government interference

For this example, let’s imagine that Iran sends billions of dollars to North Korea to fund its new nuclear weapons program. This is not a good situation, but it should show you how your money is safer in Bitcoin!

Anyway.. first example. Iran uses the standard banking system and transfers this money to North Korea in US dollars. The US government says wait a minute, we need to freeze these transactions and confiscate the money… Easy. They do it right away and problem solved.

Second example. The same thing happens again, but this time Iran uses the Ethereum blockchain to send the money to North Korea. The US government sees what’s going on. A phone call is in progress.

“Get Vitalik Buterin in here NOW”

The US government is “putting some pressure” on Vitalik, and they’re getting him to roll back the blockchain and cancel Iran’s transactions. (The Ethereum blockchain was actually rolled back when a hacker stole a significant amount of funds).

Problem solved. Unfortunately, the trust in Ethereum will be ruined along with its price.

Ethereum is just an example, but it is true for any other cryptocurrency.

Bitcoin cannot be stopped

So the same thing happens again. This time, Iran is using Bitcoin as a payment method. The US government sees this and is powerless to stop it.

I have no one to call. There is no one to pressure. Bitcoin is uncensored.

Every other cryptocurrency out there is created by someone or some company and that will always be the point of failure. They are still centralized.

Another example would be if Vitalik’s family were taken hostage. Bitcoin is beyond all that and that is why it is the safest investment on the planet.

Learn how to use Bitcoin

Everyone should own some bitcoins. Not without that it is dangerous. If you are new to Bitcoin, then you should learn as much as you can before investing money. Owning Bitcoin comes with many responsibilities. Learn how to use Bitcoin safely.