A Note on Cryptos rise and future:

Those of you who have been and/ or got involved with Cryptos and invested your bit in it, may not have any doubt about its viability (whether as mainstream or alternative in monetary and financial system), BUT those who are on border or sceptic about it like:

1. It’s a bubble
2. It’s not regulated
3. Crypto exchanges may vanish in thin air
4. no control over miners
5. it’s a programming language and may crash anytime
6. ………
7. …………

may like to take a note of this fact:

If a country’s domestic spending exceeds its receipts, it can print money to meet the shortfall (deficit financing). But if its imports exceed its exports, it cannot resort to printing notes since for international spending one need USD (dollars) [which is world’s reserve currency, a status bestowed upon it in 1944 at the Bretton Woods Conference).

However, USA can print dollars, and it does, with reckless abandon. One shudders to think what will happen to the US in case the dollar ever loses the ‘reserve currency’ status. [this USD wisdom courtesy Anil Lamba]

Now, compare the Cryptos with USD and think where does each one of us stand as an individual. Moreover, a printed currency is just ‘a promise by a government to its people’ as it has no backing of any kind of security, like earlier Gold Reserve.

So, adopt Cryptos as it gives each one of us the chance to take our monetary and financial matters in our own hands and manage it collectively using Blockchain technology (Distributed Ledger authenticated by unique hash key for each transaction as a trust factor)