The Underlying Problem with Young Americans For Liberty Derrell McIver Warning: This article includes discussion and description of sexual harassment. “Political power is not being chummy with politicians. To effect real change, you have to threaten a politician's power.” -anonymous This is a very difficult article for me to write. Going into college, I did not know how of any political organization that shared my values of Liberty. That was until I helped in the founding of a Young Americans for Liberty chapter and became a dues-paying-member. After a brief interest in the Libertarian Party, I realized that YAL and its associated organizations were the best chance we have at seeing Liberty in politics in our lifetimes. Some people will read this article and call it “cancel culture.” That is not the intent. For that very reason, I have not included the name of the sexual harasser. Instead he will be given the name ‘John’. My goal here is to call out the leaders
So we've got a wallet, we've invested in it, now what? Honest answer, start looking at all of the avenues to use your crypto. You will quickly realize that it's a lot like walking through your favorite store with $1000 cash in your pocket, the potential is limitless and the rabbit hole only gets deeper.
First and foremost, run a quick search for "vendors accept Bitcoin", what do you see? A relatively impressive, broad, and tempting list of companies. The list has grown substantially since around 2014, and includes a number of sites that appeal to the type of cyber enthusiast who would be attracted to crypto in the first place, places like The Pirate Bay, Newegg, and ExpressVPN. Additionally you can order Domino's Pizza, buy knick knacks off Etsy, or shop on Amazon.
For those who can't find a preferred vendor that explicitly accepts Bitcoin, well there are other options. For one, you can get a cryptocurrency debit card. Most operate on one of two methods for funding the card. You either have a crypto wallet that connects directly to the card, the type of service Coinbase offers, though not currently available in the US. The other option is to fund the card by depositing crypto into a card specific wallet, the type of service offered by bitpay. Generally, either method will convert your cryptocurrency at the time of purchase when used at any debit card accepting vendor.
All of this is pretty cool isn't it, especially if you're new investment wallet has gone from say $1000, to $1300 in value, you're practically able to spend free money at any place you'd like. What does all this mean for the future of cryptocurrency? Great question, and the answer is something that was foreseen a decade ago, when Bitcoin was started as a ledger. It means that Bitcoin will indefinitely become the most attractive, and most used currency worldwide. It's impossible to regulate so it's not subject to manipulation by Government, plain and simple. It gives humanity a way of holding onto what is truly theirs, tax free. Of course you'll be extorted into reporting your earnings on crypto, but why would you do that?
The operating platform for cryptocurrency is unmatched by any other currency to ever exist. Given enough time, and enough information shared about cryptocurrency, a large number of assets will be liquidated into cryptocurrency in some way, shape or form. As of 2017, the global market cap for money was greater than $80 trillion, that's only money, it does not include all other types of assets like gold, stocks, and real estate. The market cap for Bitcoin alone is currently at around $200 billion. When global markets begin to crash due to inflation and Government manipulation/intervention, there won't be a complete loss of value in the livelihoods of billions of people. That value has to go somewhere, and when cryptocurrency is so easy and available for use, well just do the math. The current price for 1 BTC is around $11,500, so in an ideal scenario where literally all value in fiat currency is siphoned into Bitcoin, you're looking at 1 BTC holding a value of $4.6 million. That's not an outrageous estimation, of course not all of that value will go into Bitcoin alone, there are other cryptocurrencies out there, but I didn't even account for the liquidation of real estate or stocks, which together hold much more value than money.
Cryptocurrency has an incredibly bright future, and in turn so does humanity.
Follow me on Twitter: @pop_toy
Find a list of useful links and citations for my market cap numbers below:
https://www.coinbase.com/card
https://bitpay.com/card/
https://www.coindesk.com/price/bitcoin
https://money.visualcapitalist.com/worlds-money-markets-one-visualization-2017/
Comments
Post a Comment