Encryption currency (virtual currency) is so convenient! Benefits of using encryption currency

In the last article I explained that money has been changing in various ways in the history so far.
Under such circumstances, the cryptographic currency (virtual currency) is starting to spread as one form of new money now, but do you understand why the encryption currency is beginning to spread so much in the world?
It is a simple story, it is more convenient in various ways to use the encryption currency than to keep using the existing currency (statutory currency) as it is now.
So how is the unified encryption currency different from the current currency? Also, I would like to explain in detail the merits of using encryption currency.

Difference between encryption currency and legal currency

Let's start by looking at how the encryption currency is different from the currency we have in the past.

Difference 1: There are many kinds of encryption currencies

The first difference is that there are many kinds of cryptographic currencies, and not only the state but anyone can make it.
Currently, there are about 200 kinds of statutory currencies such as "yen", "dollar" and "euro".
On the other hand, the current cryptographic currency is said to be 3000 kinds, including bit coins, 700 kinds even if estimated to a lesser degree, and 2000 kinds according to one opinion.
Unlike statutory currencies, cryptographic currencies can not be counted all over the world.

Why on earth?
The answer is very simple.

Anyone can make encryption currency

The cryptographic currency is programmers and anyone can make it with some knowledge.
For example, what if you say that you are a programmer and have some knowledge on encryption currency, that is, "can make money?"
Do not you want to make it?
You do not have to think about increasing the amount of money you earn if you can make money yourself.
Because you can make it if you think "I want money!"
If you think so, of course you will want to make it.
That's why everyone together made cryptographic currencies.

Difference 2: The number of encryption currencies is limited

The second difference is that the encryption currency can not be newly created like a legal currency, and the total amount has been determined from the beginning.

You can create a legal currency as soon as it is gone

Japanese legal currencies such as Japanese yen and US dollar can be printed out as they are gone.
You ought to print out if you do not have enough money.
On the contrary, if judging that it is too much, we may raise the market money to control the value.
And the more money you print, the worthless it gets worse.
If you compare it with crops, for example, because the amount of circulation increases, the price goes down.
On the contrary, the worse the crop is, the higher the value of the crop, the higher the price.
Even money can do exactly the same thing.
This is the characteristic of the statutory currency.

Cryptographic currency can not be increased

On the other hand, the cryptographic currency has properties similar to gold. (* It is not the same value as gold but "property".)
The total amount has been decided from the beginning.
Since the cryptographic currency is often compared to money, we will explain it by way of example here.
The total amount of gold reserved on the earth is decided.
By the way, it is said that money can not be mined newly on this earth in another 25 years.
The total amount that can be taken is decided.
As more people want, the price will rise as it can not be newly created.
In the same way, since the total amount of encryption currency has been decided, as the number of people who want it increases, the value goes on and on steadily.
It means that if there is no one who wants to wish for one thing here, it will be worthless.
Not all encryption currencies will increase in value like a bit coin.
You can understand by plotting the price transition of gold and the price transition of bit coin as a graph, but the price transitions between gold and bit coin are very similar.
From these similarities we can also see that the nature of the encryption currency (virtual currency) and money are very similar.
Former central bank in the UK, monetary policy commissioner Willem Bouythard says "Gold is a shiny bit coin."
Often bit coins can be likened to money, but conversely paradoxically saying money is bit coin.

Difference 3: Value is not artificially controlled

The third difference is that central banks do not control their value.
As for current money in Japan, "yen" is controlled by the central bank, the Japan Bank.
On the other hand, there are no administrators and issuers in the encryption currency.
Everyone is managed in an equal position, it is a currency that neither the country nor the bank intervenes.
Just as any company or country can not control the value of gold, no encryption currency nor anyone can control its value.

Benefits of using encryption currency (virtual currency)

Now that you understand the main differences between legal and cryptographic currencies, let's look at the merits of using encryption currencies.

Benefit 1: There are no borders

The cryptographic currency represented by bit coin can be used anywhere in the world.
Since there are no borders in the cryptographic currency, it is possible to remit money without exchanging money even if the country of trading is different.
For example, when we send money from Japan to America, we have to exchange money to U.S. dollars and send it.
Of course it is possible to send it in Japanese yen, but you can not use it as money unless you exchange money in the United States.
However, if you transfer with a bit coin, you can use it anywhere in the world as long as you can settle money with bit coins without having to exchange money.

Benefits 2: 24 hours I can remit money at any time

The encryption currency can transcend the time difference by the country.
For example, if Japan is morning today, it will be night in the US and Europe.
Now if you are trying to send money to the United States of Europe, the other side will not be able to remit money because the bank is not open.
In the case of encryption currency, it is also possible to remit money at any time without any fee, 24 hours 365 days, close to free.
The reason why the fee is infinitely cheap is because banks do not intervene and transactions are conducted between individuals.
I think it is easy to understand by the difference between letters and e-mails.
Because the letter is carried by the delivery member to the delivery destination, the cost of personnel expenses will obviously go there.
On the other hand, e-mail can save time and effort, so anyone with a network line and terminal can use it for free.
Exactly the same thing can be said of transactions in cryptographic currencies.

Benefit 3: Easy to use by anyone

The crypto currency can be used by any smartphone.
The encryption currency can be used by anyone as soon as you create an account with a smartphone.
Bank account is unnecessary, judgment is unnecessary.
Anyone can create an account with a smartphone and immediately use the encryption currency.

Summary

I understood that the difference between the legal currency and the encryption currency and the merit of using the encryption currency due to the difference were understood.
Because of these benefits, the cryptographic currency is beginning to spread.
So how is this encryption currency, how much do you think is popular now?