The Future Belongs to Cryptocurrencies!

Anyone who looks at our global economy and recognizes the dependencies knows that unfortunately our money is steadily losing value. Our money is constantly losing purchasing power. This is called inflation. However, this is far from the only reason for the loss of value. Central banks essentially have control over our money. But the state and other banks also steer monetary policy decisions and thus the purchasing power of our money. You only need to look at Greece's recent history to realize that our money is not always our money.

Those living in Switzerland might think, what is he writing about? Our Swiss franc is stable and hardly knows inflation. Moreover, certain products are even getting cheaper. That's true. BUT, what about the constantly rising costs for health insurance, insurance, taxes and the declining returns on savings, pension funds, etc.? Moreover, the problems that Greece, Spain, Italy and Turkey are currently experiencing will not pass us by without a trace. Sooner or later, this circumstance will also affect us. The question is not if, but when! Anyone with friends or relatives in Germany knows what I'm talking about here.

Wouldn't it be great if everyone had the opportunity to own a currency whose value is regulated only by supply and demand? Another plus point is that Bitcoin and Co. cannot be controlled by any bank or state, as they are decentralized currencies thanks to blockchain technology.

Where Does Digital Money Come From?

Everyone probably knows what mines are. There, for example, gold or other precious metals are extracted. The English term mining is also used for obtaining digital currencies like Bitcoin. Only in this case, the mine workers are computers and not people.

Mining itself is not used to create coins, but to confirm transactions and secure the Bitcoin blockchain. As a reward, miners receive Bitcoin.