Top 5 Reasons To Be Thankful For Bitcoin And Blockchain On Thanksgiving Day

It's Thanksgiving! Here Are 5 Reasons To Be Thankful For Crypto

Past 10 days have been brutal for the crypto ecosystem, and its hard for a crypto investor to be thankful for cryptocurrencies. However, these are the times that we have to remind ourselves what crypto is for; Instant P2P transfer, Removal of middlemen and Decentralization. When we look at these goals, absolutely nothing has changed.

David Z. Morris has summed up 5 reasons to be thankful for crypto in his article for breakermag. You can go over to the article for a detailed version, given below is the summary of it.

  1. The decentralized web is coming: In the early days of the world wide web, which came into existence in 1989, you connected directly with your friends through desktop computers that talked to each other. But from the early 2000s, with the advent of Web 2.0, we began to communicate with each other and share information through centralized services provided by big companies such as Google, Facebook, Microsoft, and Amazon. The DWeb is about re-decentralizing things – so we aren’t reliant on these intermediaries to connect us. Instead, users keep control of their data and connect and interact and exchange messages directly with others in their network.
  2. The internet of value is coming: With the Internet of Value, a value transaction such as a foreign currency payment can happen instantly, just as how people have been sharing words, images, and videos online for decades. And it’s not just money. The Internet of Value will enable the exchange of an asset that is of value to someone, including stocks, votes, frequent flyer points, securities, intellectual property, music, scientific discoveries, and more.
  3. We’re building like mad: The crypto ecosystem is full of new tools, products, startups and more. These new products are solving real-world problems and making finance easier for people all across the globe.
  4. We’re taking out the trash: Regulations are tightening across the crypto ecosystem, both external and self-imposed. Crypto scams have drastically reduced and the overall quality of products is generally better.
  5. Bitcoin isn’t dead: Bitcoin has gone through up and downs. There were numerous instances such like the crash in 2014 and the one this month when people thought that Bitcoin will get abandoned. It’s still going strong and flourishing.

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