You Don't Trust in Crypto? .:. Because you don't understand how it works? Do you know how FIAT money works?

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Published on Dec 14, 2020

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I suppose that most of you trust in crypto and believe in its future... Or... You believe in it when the price goes up and have a lot of doubts when it goes down? Well, I suppose that a lot of people think (and feel) like that depending on the market prices... But, let us forget about the price and think about the basics, about the concept and idea of the cryptocurrencies...

I don't want to go into some predictions and guessings about the percentages how much people understand what are cryptocurrencies, how they work, and what is blockchain... But, I suppose that the percentage is very high, more than we imagine... But, for some people, it's more a matter of trust in decisions of other, "smarter" people, than trust in their own research and knowledge... and that is also a normal thing...

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But... We have another group of people, those that don't trust crypto at all... Why? Because they don't understand how it works... That is also a valid point, but it's not impossible to reverse it... As everyone can watch videos about the topic on the Internet, or read articles about it, educate yourself, and understand it... And when you do that, you will be probably the biggest preacher of cryptocurrencies out there... :)
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And now, let's take a look on the other side... Do you trust FIAT money? Do you know how it is created? Do you know how it is connected with the economy and how it can be manipulated? You maybe know until some point, but I doubt that you know the most things about it... But, regardless of that, you TRUST fiat money...

I have to admit that I didn't understand very well the economics around fiat money, and I have found a great video that helped me to understand it... You will find it at the end of this post... Please check out both videos as you will learn a lot about money, that you probably didn't know...

Thank you for your valuable time,

~ph~

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