2 min read
I would like to tell you few words about our education system. All over the world! They never teach us about even basic finance and who can expect now that people can understand and adopt something complex such is Bitcoin or any other crypto.
My teachers taught me how interest was compounded.
The reasons may not be so clear, but if banking history and monetary theory were taught in schools, no one would use the fiat system. Is so obvious. On the other hand, Bitcoin is lot simpler than the fiat system, but people are legally compelled to adopt fiat.
They are forced to! And it is globally. The situation is even worse than that. The people teaching youngsters these days have grown up under Keynesian economic theory (also called Keynesianism). So, they strongly believe that money is defined as money only if you can touch it, smell it or hear the sound of counting money.
Note: Keynesian economics are the various macroeconomic theories about how in the short run – and especially during recessions – economic output is strongly influenced by aggregate demand. Keynesian economics is a theory that says the government should increase demand to boost growth. Keynesians believe consumer demand is the primary driving force in an economy. As a result, the theory supports expansionary fiscal policy. Its main tools are government spending on infrastructure, unemployment benefits, and education. A drawback is that overdoing Keynesian policies increases inflation.
It was very difficult to me few years after Bitcoin came into my view to unwrap my mind from it’s previous training.
Ok, some people adopted new technology like ones who buy Android phones or some who runs Linux as desktop. Some people are spoon fed technology, like ones with iPhone or OSX.
Anyway, I don’t expect people to understand.
Why should they?
Adoption of something doesn’t require understanding.
We all use internet in every segment of our lives but we can’t point our finger and say “Here! This is internet!”
If you ask someone how they understand that the universe is infinite and how they understand meaning of infinite, you would be surprised by the answers.
After all, I do not understand how the dishwasher works, but I still use it. Other can’t understand mobile phones or computers.
But they are using that!
So, use cryptos without fears.
That’s why there is no excuse when I hear from someone that he does not understand how cryptos work. And how hard is to trade.
OK, it takes intelligence, but no more than any traditional financial equity trade.
Yeah, it takes basic finance knowledge to understand and invest but no further than average.
People should know, if everyone learned about finances they would work and invest and become self funded within 7 or 8 years even making minimum wage.
C’mon, people, wake up!
But I want to tell you.
Bitcoin is making the biggest revolution in the finance industry in the last 200 years. Leading all cryptocurrencies, Bitcoin is at the forefront of the bleeding edge of blockchain innovation.
I think it is necessary to stay patient and witness history first hand.
Nothing can stop that!