creative writing
Bitcoin, as a digital currency, is better than our conventional currency, and it will be implemented as a policy to replace the local currency in my imaginary perfect country.
First of all, It’s made for our generation.
What i mean by that is bitcoin is made for the Internet-generation. We are quickly moving past the days of carrying around paper cash or pulling out your credit card. Bitcoin goes several steps further than the convenience of credit cards.
On top of convenience, bitcoin offers credit card users freedom from the concerns of fraud, identity theft, and crippling interest rates. It’s no surprise that a recent report from Goldman Sachs discovered that 33% of millennials do not think they will need a bank account in 5 years.
Secondly, bitcoin is fast, secure and global
Bitcoin doesn’t discriminate. You can use it anywhere in the world, to send value almost instantly, nearly for free. Transferring bitcoins costs just a few pennies and you can send as much value as you want. It’s important to remember that bitcoins can’t be counterfeited or duplicated. The cherry on top is that transactions are conducted in a peer-to-peer method, without the need for a bank or third party to oversee it. So it brings to it’s third advantage.
Bitcoin is digital and decentralized, it is not subject to inflation.
The problem with regular fiat currency is that governments can print as much of it as they like, and they frequently do. This causes the value of a currency to decrease.
With Bitcoin people get the liberty to exchange value without intermediaries which translate to greater control of funds and lower fees. It’s faster, cheaper, more secure and immutable. Cash is controlled by banks while bitcoin has only their owners.
Bitcoin was designed with your privacy in mind
Sometimes, we don’t want people knowing what we have purchased. Bitcoin is a relatively private currency. On the one hand, it is transparent. Owning a bitcoin wallet is like having a clear plastic wallet with no visible owner. Everyone can look inside it, but no one knows whose it is.
This policy will make sure my imaginary perfect country keep rolling with this information age.
Some limitations:
People who don’t have access to electric device may not be able to use bitcoin.
Deflation will be a problem instead of inflation.
Etc.
Remember to mention the limitations and state the possible solution to solve these limitations.