Yes, Cryptocurrency is money. The ECB President recently reiterated that Cryptocurrency is not money. What can you expect from entities whose main purpose is to keep the integrity of control and centralisation intact (that they consider bigger than life itself). Money is Legal Tender. Take Legal out of the equation and you only have Tender (a way of accepted payment). Basically, what the officials are saying is that money is only what they recognise, whereas money is any asset generally accepted by the population. On the other side, Madame President of the ECB also said that they support stablecoins, cryptocurrencies that are strongly connected to real-world assets, like the Dollar. Needles to say that the US Dollar, by the same way of thinking, is not money. The Gold & Silver standards have been scrapped long time ago, and the only life support holding the Dollar is general acceptance through strategic efforts of the Treasury to manipulate the global markets, making it an appealing stable asset. Nowadays fiat is exponentially less money than most cryptocurrencies. This is because fiat is not backed by any asset other than general acceptance pushed forward aggressively by the central banks. Fiat has no market cap nowadays, it is available in infinite supply, and backed by no physical asset like Gold or Silver. As they are recklessly printing fiat constantly, it cannot be burned. It is used to increase debt, poverty, and increase the control of the powerful. Cryptos on the other hand have a limited supply (most of them), they can get burned, and can become private money through cross-chain collaborations. This means a huge loss for centralised systems: Governments. They forgot their own purpose, blinded by corruption and greed. Long time ago humans roamed the earth in tribes. They were weak on their own. At some point bright people started organising the tribes under a government, to help progress and eventually decentralise humans the right way, using technology as support, and no longer a centralised system. Governments were supposed to disintegrate once the transition was complete, but something happened. Governments became thriving businesses, and now we have political science as continuity for a system that was supposed to go away and let people thrive. With cryptocurrency private money is finally possible. This is why Regulators are trying to find new ways of stopping that from happening. To make a project or a network look bad, they organise a rug pull or support someone to run away with millions in a wallet, increasing the need for severe regulations. In situations like this the Government should only catch the fraudsters and return the funds, or offer compensation to the uneducated victims. When did Governments teach people how to speculate, because fiat money is speculation. This is what banks are doing, and they also control the flow and public opinion. Eventually people will ask for regulation, fulfilling the desires of the Government. Is Crypto centralised? Of course. The pure idea of money is centralisation. It cannot yet be decentralised money, private or not, as long as you are buying coins with a bank card and fiat. They can find any rug pull initiator running with the crypto anywhere on this planet, and with extreme ease. Even if you pay with Bitcoin in El Salvador, the transaction can be verified and tracked at any moment. Do not listen to any official talking crypto or private money. It’s not in their interest to support it before they get in properly, most importantly through transaction analytics and surveillance. The biggest scarecrow for the Governments is private money, like Tokens (Smart Contracts). Even with powerful regulation, they won’t be able to stop it. Anyone with education, technical skills, and a good project will have their own money without having to touch fiat or Bitcoin. You will control the project, own the supply of your money, control the flow, and general acceptance. Your project is at the core of your healthy financials, your own private money. Finally, no banks in the middle, the ones responsible for the state of our planet, for luxury for the few and poverty for the masses. The near future is regulated private money. True decentralisation is no money, no borders, and no governance. Crypto is real money by any technical term, fiat is only money on artificial support. Fiat has been mostly digital for more than forty years now. Do I think we’ll still use money in a thousand years time? No, we will not. There will only be a technological collaboration among humans around the world. Will it still be centralised? That I don’t know… If it will be, may God have mercy on their souls!

Article by our CEO

Julian Stan