The Future of Crypto-Currency and How to Be Rich Tomorrow

From the first moment Crypto Currencies came online it has been a battle against the old, rotting economy that has thrown us into the recession. It is no secret that the way things used to work actually didn’t work at all. The old economy has thrown us from recession to recession, leaving whole generations devastated and changing our dreams and future in non-positive ways. Depending on nations and rich establishments like banks, the old economy proved to be all too fallible and secretive altogether.

This is why the whole concept of a free, global economy that is unrestricted by outer factors like countries and banks didn’t come as a surprise to those who knew what the world really needed. Nonetheless the birth of Bitcoin was still something many watched with hesitation and dismissed as a fad or scam. Nothing could have been further from the truth and Bitcoin spoke with actions, or should I say transactions, rather than promises. The worth of the Bitcoin rose immensely in the last years from its all time low of 2$ per piece to its current of around 95$ per coin.

The Bitcoin works with special codes which change every time a transaction is made. Special crypto keys keep the coins from being stolen and the chain of transactions makes the coin easy to track and transaction simple to monitor. Since it is just too much hassle to hack or copy so many transactions and codes the system is not worth hacking at all, making it a pretty safe investment, as opposed to what internet luddites feared. When an exploit was discovered in 2010, instead of proving those dismissive minds right, Bitcoin immediately corrected the mistake, nobody lost their money or worth of it and Bitcoin has since never had an exploit episode again.

Following this amazing success of a brand new way to transact and pay, many of course created their own crypto currencies. Bitcoins are after all finite and could not fit the whole world economy once crypto currencies reach their expected future popularity. There was plenty of room for more crypto currencies to serve the world and plenty were born.

Plenty crypto currencies enjoy their share of success today with some names being Litecoin, the greatest rival of Bitcoin, Feathercoin, Novacoin and many, many more. Smaller crypto currencies have their own place in this new economy promising rising prices and bigger profits than already established coins.

Something that is pretty much unique in crypto currencies and which promises to keep them safe from inflation is the limited amount of coins that can actually be created. Most coins will stop at 21 million with only a few like Feathercoin crafting four times as much. Every four years new coins are released into the market, yet the amount of those coins will grow smaller, until it reaches zero and then the maximum amount of coins will have been reached. This way you know that your coins will not lose their worth because too many have been printed; because that is simply impossible with crypto currency and the way they work.

As reality proves, crypto currencies become bigger and bigger, multiplying and sharing a new unrestricted economy to all those who dare to win. The future of the world economy is here in the form of these crypto currencies and we can expect them to become more and more popular. Not only that, the whole software and crypto currency system will too improve in time, creating more powerful coins and larger markets for them. Already some countries allow tax payment in Bitcoins and even wages have been partly paid in Bitcoins, showing the increased trust in crypto currency that some never expected to become reality. Crypto currencies have won the world over with actions not promises, and that is where they are superior to the older currencies world over.