Cryptocurrency Went Mainstream When All Else Failed  Have you heard that cryptocurrency went mainstream? While you may have heard that 2015 was the big year for cryptocurrency, you should know it’s due in part to all of the talk about paper money failing and some doubt that gold and silver will be on the board to replace that paper money. Over the last 10 years we’ve watched anxiously as gold has made the climb to unbelievable prices, and within the last two years we’ve watched the price of gold plummet. Does this mean that there is no hope for our economy? There is hope, but that hope isn’t necessarily in the form of gold or silver coins, and it’s most certainly not in the form of paper money. If you feel you have a good handle on this economy, let’s take a look at virtual currency and how it’s taking over society. Today, I am going to share with you why cryptocurrency went mainstream, and how we have plenty of evidence that it’s changing the way we look at money and how we use it. Paper Money is a failing System History tells us that paper money doesn’t succeed in any economy, no matter what economy in the world you are talking about. However, money has changed.Money isn’t coins and paper as we know it anymore, and that is because of the economic crash that hit hard starting in 2007. There are many debates about when it began and how it occurred but ultimately, the battle has never truly been won. Historically, when the dollar loses value the value of gold goes up. This is because gold is still in demand, it can be mined, and it will be gold no matter where you go. History also has told us that gold would be the one thing you want on hand when times get tough. If you had no bread, and you had gold to take with you, you would be able to barter with anyone. So, this leads me to my next statement. What if you could make your own money? I don’t mean work to “make money”, but I am talking about “making your own money” with the help of a computer.  This is cryptocurrency as we know it. It’s a virtual form of currency that is made with energy from a computer and the coins are mined using a specific algorithm that solves an equation. Every time a coin is mined, the algorithm solves a new equation thus creating a new “bitcoin”.Bitcoin was invented in 2009 by an unknown person that went by the alias of “Satoshi Nakimoto”. While investigations continue to find this individual and to verify who he or she is, think about how genius it is to create money that can be re-invented virtually. If you invented something like this, would you hide? The benefits of cryptocurrency are numerous, in that it’s a difficult form of money to counterfeit. Cryptocurrency isn’t like paper money or coins, because it cannot be minted or printed on demand. This is the one main thought that makes it easy to see how cryptocurrency went mainstream. PHOTO GALLERY | 30 Photos
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