We Learn The Hard Way
A few weeks ago, I was not myself in any way. People around me didn't know why I was beating myself so hard. I knew there was nothing I could do about it but I wish I didn't even start in the first place. My mood that day was like working hard for something and then seeing it vanish right in front of me.
Since I started my journey in crypto I realized I have changed a lot when it comes to relating with people in real life. I got myself to concentrate more on the virtual world than the physical world. I have dedicated most of my time to it. Though I knew that shouldn’t be so. Because there was a physical world before the virtual world.
My brother sent me some hbd to swap to Fiat for him, not that he can't have it done, but he was kinda busy paying attention to it. I got the token and was about to have the transaction done.
After copying the recipient's address, I got a call from a customer that I had long awaited. Out of annoyance I picked his call and poured the anger in me. He promised he would show up which he later didn’t. So I decided to continue with my transaction. I got the copied address pasted and then sent to token to the exchange.
After about 40 minutes I didn’t see the token reflect on the exchange for further transaction, I thought it was a network issue before I realized that it wasn't network but I sent HBD to an HIVE address.
That petty mistake I made due to the distraction I got, cost me to lose all of the money. I felt so empty at that moment. I didn't know what to do because I already knew the consequences of such an action. I knew I poured my water into a basket already.
That's the way of crypto. If it were to be a bank transfer in which I made a mistake, there is still a higher chance that the funds get tracked and traced to the recipient, and then from there, there is a higher chance of getting the money refunded. But in the case of crypto, it's just way different from the wrong address and it's gone forever.
Embracing cryptocurrency in this generation.
I can say only the lucky ones are those who have an understanding of cryptocurrency. Simply because you are around those who know how the crypto works doesn’t mean everyone also knows. There are some people that never even heard about cryptocurrency despite how much the news goes viral.
We can't blame them. It's the same way some people don't want to know about banking and finance, they prefer to keep their money in cash under the ground or in some kind of safe box in their rooms. They found it difficult to trust the banking system because they were used and comfortable with their old system of saving.
Crypto comes with a lot of benefits and the advantages remain unlimited but in the same way, there are also a lot of risks and disadvantages that come alongside. A country where there is a lack of technological advancement will never find it easy to embrace the ways of cryptocurrency.
Crypto gives that privacy to our funds and self-control over finances. But there are some aspects where crypto won't get in. The government won't accept the rise of cryptocurrency, not because they don't want it, but because they won't have control over the nation's GDP anymore.
When there is no way to track import and export, when there is no way to exchange foreign currencies, and all we do is send some Bitcoin to South Korea and other parts of the world. That's just a crazy dream to come to reality for the government.
In conclusion, crypto will have its side and so will the centralized system of finance too. But at some point not that crypto will wipe away the conventional banking system, but it will rise over it just like the banking system took over other ways of finance in the past.
This is my response to the HIVE LEARNERS weekly prompt in hive learners community for the Week 156 Edition 3 and the topic to be discussed is CRYPTO ALONE
