Digital currency is a convenient, but controlled lion. Cryptocurrency is a free, but dangerous wolf. Where is comfort, and where are the risks? We understand the differences and make a choice between safety and freedom.
To understand digital currencies and cryptoactives is a difficult matter. It seems that both live in smartphones, on banking servers and on the network, but the difference between them is as large as between the trained circus bear and the wild predator in the forest.
Digital currency: lion in a cage
Digital currency, whether it is a digital ruble, yuan or the future digital dollar, is a beast under supervision. Imagine a lion in the zoo: he is powerful, graceful, but he walks in a circle behind bars, feed him strictly according to the schedule, and at the entrance the sign “Do not feed or tease”. Such a currency is completely controlled by the central bank. The bank decides to whom to give it out, how to quickly move it and how much to leave in circulation.
Want to transfer to a friend 100 digital rubles? Please, but be sure: your every step sees the caretaker. The state knows who, when and for what you paid. Advantages? Dexterity and convenience. Money cannot be lost, it cannot be faked, they move with lightning speed. Flaws? Full control and lack of anonymity. Mistaken, fell under sanctions, exceeded the limit? The lattice will slam slap, and access to money will disappear.
Cryptocurrency: Wolf, free in the forest
Now take a look at the cryptocurrency – Bitcoin, Ethereum and their many brothers. This is a wolf living in the wild. No one can order him where to run and whom to bite. His routes are chaotic, and he recognizes laws only those that are developed by a flock – a decentralized network of nodes that confirm the transactions.
Do you want to transfer money? You do not need to ask permission. There is no boss, no bank, no regulator who will say “impossible.” There are no “working hours”, bank holidays, the cancellation of payments for the whim of third parties. Everything happens according to strict mathematical rules, but these rules are the same for everyone.
Cons? Oh, there are enough of them. No support … There are no guarantees … I lost a password for the wallet – I lost money forever. Krypt's wallet is your personal safe, and if you forgot the code, no one will help. And of course, hunters always follow the wolf: regulators, tax services and scammers who dream of taking away prey.
Where is the catch
Imagine that the world has already switched to digital currency. People, as in a fantastic novel, are paid with contactless movements, and cash – a relic of the past. But suddenly the state decides that some citizen behaves inappropriately. With one click of his account, he is frozen, he can neither buy food, nor pay for travel, nor even give the nephew 50 rubles for ice cream.
And what about cryptocurrencies? They promise financial freedom, but at the same time remain a dangerous game. Today you are a millionaire, tomorrow the course collapsed – and you walk again. And the “wild forest” attracts not only freedom -loving travelers, but also dark personalities who are ready to take advantage of lawlessness for their own benefit.
Bottom line: zoo or wild nature
Digital currency is convenience, speed, predictability. But for this you have to pay total control. Cryptocurrency is freedom, independence, lack of intermediaries, but at the same time chaos, risks and full responsibility for their actions. And as always, everyone decides for himself: whether he is in the zoo, where he is warm, safe, but they are watching you, or to live in the wild, risking, but breathing in full chest.
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