Zookk's Blog

It’s an understatement even to think that crypto-currencies have taken over the world by storm and bitcoin leads the pack. It may have pushed authorities, governments and general public to the extremes of shocks and surprises. The meaning of currency and how they are valued is defied.

The unimaginable success is having the basic human’s instinct for freedom as engine and greed as the accelerator. The governments and authorities with not so people friendly policies have added fuel and now trying to grasp something that’s nearly impossible to be regulated. A super-efficient parallel world economy has been born and it is here to stay.

The prevailing system is based on the concept of future money which increased the ‘basic’ needs of humans. Almost every country on the world map is on debt resulting in future citizen to be born with debt. To whom does everyone owe?

In the name of development, natural ecosystems are already being destroyed at a rapid pace. Nature is plundered for development as per accepted system with very little qualms. In most cases, development increases debt and inducts more future money into the system. Now with crypto-currencies, unlimited money moves into parallel economy. Crypto-currencies provide simpler mechanism to hoard, the so called wealth, creating more rush in creating future money. Since, for majority of humans, the easiest way to create something out of nothing is by destroying natural resources, the destruction will happen faster.

It may be possible that crypto-currencies may be more useful if it’s purely used as currency for real world transaction but eventually this will result in manipulation of few ‘anonymous’ due to the short-term mentality of humans. More adoption of these currencies will result in more manipulation.

We destroy nature for money but in the same life we pay money to experience true nature at some point of time. Many of us think we have to save money for future generations but for how many does it occur that the natural resources are also for future generations?

Somewhere we have forgotten we are only travelers in this life and we are not here to stay until eternity.

Note: I neither claim to be an economist nor a financial expert. These are just thoughts, purely personal, from a nature lover’s perspective.