Fiat vs crypto - my point of view..

As someone who has been involved in both traditional finance and the world of cryptocurrency, I have come to believe that crypto has many advantages over fiat currency. While fiat currency has been the dominant form of currency for centuries, the rise of cryptocurrency has presented many new opportunities and benefits.

One of the main advantages of cryptocurrency over fiat currency is its decentralization. Unlike fiat currency, which is controlled by governments and central banks, cryptocurrency is decentralized and operates on a peer-to-peer network. This means that it is not subject to the whims of any one institution or government, which can lead to more stability and security.

Another advantage of cryptocurrency is its transparency. While traditional finance is often opaque and difficult to understand, cryptocurrency operates on a public ledger, which means that every transaction is recorded and visible to anyone who wants to see it. This level of transparency can help to reduce fraud and corruption, as well as increase trust in financial transactions.

In addition to decentralization and transparency, cryptocurrency also has lower transaction fees than fiat currency. Traditional banking and financial institutions charge high fees for transactions, especially for international transactions.

However, cryptocurrency transactions are often much cheaper and faster, which makes them a great option for people who want to send money across borders.

Another advantage of cryptocurrency over fiat currency is its programmability. While fiat currency is static and cannot be easily modified or customized, cryptocurrency can be programmed to do a wide variety of things. This includes everything from automating financial transactions to creating new financial products and services.

Finally, I believe that cryptocurrency has the potential to be more inclusive than fiat currency. Traditional banking and financial institutions often exclude people who do not have access to a bank account or who live in areas without reliable financial infrastructure. However, cryptocurrency can be accessed by anyone with an internet connection, which makes it a great option for people who have been excluded from traditional finance.

While cryptocurrency certainly has its advantages over fiat currency, it is important to note that it is not without its risks and challenges. Cryptocurrency is still a relatively new and untested technology, and there are many potential pitfalls and risks associated with investing in it. Additionally, while cryptocurrency is more transparent than fiat currency, it is still subject to market fluctuations and volatility.

In conclusion, I believe that cryptocurrency has many advantages over fiat currency. Its decentralization, transparency, low transaction fees, programmability, and inclusivity make it a compelling option for people who are looking for an alternative to traditional finance. However, it is important to approach cryptocurrency with caution and to understand the risks and challenges associated with investing in it.

as always:

before you invest in crypto – invest in yourself