THE STANGNANCY OF FIAT CURRENCY; HOW STATIC IS YOUR BANK ACCOUNT?

in #cryptocurrency5 years ago

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Image source; valueless with time 💰 💰

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I was at my bank to purchase a few online materials and immediately I imputed the digits of the allocated money I needed to pay for these transactions, I noticed that the figure has changed adding a dollar or more to it. However after a few months, I noticed that there has been tremendous changes and the dollar fee of my previous transactions has definitely tripled and this definitely put me in a thoughtful state . the truth that fiat currency is bound to continue losing value while the prices of goods and services will continue changing and fluctuating and also rising this means that our work rates through which these fiat currencies are purchased will diminish with time making it difficult to really equate work with money one of the many reasons why people work so much and yet the value for their money is diminishing and since the prices of goods and commodities are increasing everyday , then there will be less value and their purchasing power will reduce with time making their salaries covering more less than it used to be in the past.

Fiat currency is the reason why people will still remain in poverty especially people who are living in developing countries and whose GDP is of course very terrible. World economic bodies have found it difficult to actually keep their currency valuable especially when they want to enact these policies on countries with so much corruption what is why I think the stagnant c that comes with fiat currency we make money lose its total value because why the price of goods and services is increasing, in most countries their currencies still remain stagnant, look at Venezuela for example; an example of a country that took an enacted the wrong policies made the wrong financial decisions and now in a total state of implosion and when you look very deeply you will discover that 98% of their problem would be solved if valuable money is pumped into their economy. My point here is that every country needs cryptocurrency because it would cure the futuristic need for fiat currency to always remain stagnant despite the change in demand and supply, I will definitely tell you that already developed countries may suffer less from this fate but they will always be that little pace and little sluggishness from fiat currency and the purchase of goods and services for living that means that if a lamborghini is valued for 500 thousand dollars in the next 20 years that same lamborghini will be valueless and the $50000 in 20 years time may only be able to purchase a toyota camry so why should we have a currency that cannot maintain value for a very long time or fluctuating price but also maintain value with time?

People may not know but their bank account is static and only time and change in the prices of commodities can really prove how possible this will become, I definitely think that embracing decentralization was difficult for the world to adopt, because of policies from people like Hitler, Stalin, Karl Max and other communist and socialist lords, because the belief that when power is placed too much on the hand of an individual then the power at the same time I become useless making the nation become invincible because of too many personal abilities to change either government or finance and the economy but we have seen that this is obviously not true and capitalism plus decentralization has proved that individual empowerment of people in a state would obviously bring out the best in a nation and that is why we now have top-notch decentralisation all over the world and as a result of this I definitely think cryptocurrency and blockchain would be adapted into world economy, in governance and even running day to day activities of people but obviously in this current day the revolution that blockchain and cryptocurrency will bring is still under check and balance and that is why we have world economy like china taking indifferent stances when it comes to 100% adoption, truth again is there is still a wrong notion that cryptocurrency is fighting to replace fiat currency but this is not true I think it will come to make it better even if this may take a long time to realise it is definitely inevitable

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