FIRST,
WHY WE LIKE CASH...
INEXSPENSIVE
No middlemen. No fees.
INSTANTANEOUS
The only wait time is the length of the line in the store.
IRREVERSIBLE
Financial institutions have no control over the payment process.
ANONYMOUS
No sharing of private information.
LEGAL
Everyone trusts cash.
SO... WHAT'S THE PROBLEM?
The problems arise when managing your cash...
FINANCIAL
INSTITUTIONS
EXPENSIVE
Business operations for a financial institution are costly and those costs are passed down to consumers through fees.
TIME-CONSUMING
Bank wires and transactions can take days--possibly weeks--and transactions can be delayed, reversed, or declined in error or to verify authenticity.
NO PRIVACY
Consumers' personal information is used to support financial institutions back-end operations and is shared with multiple 3rd parties of which consumers are unaware.
NON-TRANSPARENT
Banks charge back-end fees, hidden fees, and middleman fees for which the average consumer is unaware of. Also, 3rd parties require complete trust of the consumer without any means for the consumer to verify validity or security.
But even if you manage your cash well,
you still face the issue of...
INFLATION
The dollar WILL NOT sustain our society's projected growth.
Every year commodities, services, and assets cost more for consumers...
but our income is NOT equally correlated to the rise in cost.
WHAT'S THE SOLUTION?
CRYPTOCURRENCY
These systems resolve the issues with cash management while also providing key transactional advantages using innovative digital technologies.
INEXPENSIVE
No middlemen. No fees.
INSTANTANEOUS
The only wait time is the length of the line in the store.
IRREVERSIBLE
Financial institutions have no control over the payment process.
ANONYMOUS
No sharing of private information.
PEER-to-PEER
No 3rd parties taking a cut of YOUR money.
FAST... AND GETTING FASTER
Calculation based on TPS (Transactions per second)--an evolving developmental process as new and existing blockchains improve their TPS.
VALIDATION PROCESS
People voluntarily offer their computing processing power (Mining/Proof of Work) -- or simply hold coins in particular wallets (Proof of Stake) -- to validate transactions on the blockchain and receive cryptocurrency rewards in return.
PRIVACY
Uses private and public key cryptography to protect users, currency, and transactions.
CRYPTOCURRENCY IS THE FUTURE
Let's empower each other by exchanging knowledge in an exciting new world.