{"id":1007,"date":"2018-06-25T19:41:54","date_gmt":"2018-06-25T18:41:54","guid":{"rendered":"http:\/\/www.wasteyourtime.co\/?p=1007"},"modified":"2020-07-13T16:03:24","modified_gmt":"2020-07-13T15:03:24","slug":"new-era","status":"publish","type":"post","link":"https:\/\/traders-paradise.com\/magazine\/2018\/06\/new-era\/","title":{"rendered":"Bitcoin use: The New Era Has Started!"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_74 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/06\/new-era\/#Who_would_use_the_fiat_anymore\" >Who would use the fiat anymore<\/a><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/06\/new-era\/#By_Guy_Avtalyon\" >By Guy Avtalyon<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/06\/new-era\/#What_teachers_taught_us\" >What teachers taught us?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/06\/new-era\/#Bitcoin_use\" >Bitcoin use<\/a><\/li><\/ul><\/nav><\/div>\n<h4><span class=\"ez-toc-section\" id=\"Who_would_use_the_fiat_anymore\"><\/span><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-11145 size-full\" src=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2018\/06\/bitcoin-etf-1-e1560434267872.jpg\" alt=\"Bitcoin use: The New Era Has Started!\" width=\"800\" height=\"534\" \/><br \/>Who would use the fiat anymore<span class=\"ez-toc-section-end\"><\/span><\/h4>\r\n<h6><span class=\"ez-toc-section\" id=\"By_Guy_Avtalyon\"><\/span><a href=\"https:\/\/www.linkedin.com\/in\/guy-avtalyon-67941b54\/\">By Guy Avtalyon<\/a><span class=\"ez-toc-section-end\"><\/span><\/h6>\r\n<p>I would like to tell you a few words about our global educational system. All over the world! They never teach us about even basic finance and who can expect now that people can understand and adopt something complex such is Bitcoin or any other crypto.<\/p>\r\n<h2><span class=\"ez-toc-section\" id=\"What_teachers_taught_us\"><\/span><strong>What teachers taught us?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n<p>My teachers taught me how interest was compounded.<\/p>\r\n<p><span style=\"font-weight: 400;\">The reasons may not be so clear, but if banking history and monetary theory were taught in schools, no one would use the fiat system.\u00a0<\/span><span style=\"font-weight: 400;\">Is so obvious.\u00a0<\/span><span style=\"font-weight: 400;\">On the other hand, Bitcoin is a lot simpler than the fiat system, but people are legally compelled to adopt fiat.<\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">They are forced to! And it is globally. The situation is even worse than that. The people teaching youngsters these days have grown up under Keynesian economic theory <\/span><span style=\"font-weight: 400;\">\u00a0(also called <\/span><a href=\"https:\/\/en.wikipedia.org\/wiki\/Keynesian_economics\"><b>Keynesianism<\/b><\/a><span style=\"font-weight: 400;\">). So, they strongly believe that money is defined as money only if you can touch it, smell it, or hear the <\/span><span style=\"font-weight: 400;\">sound of counting money. <\/span><\/p>\r\n<p>Keynesians cover different macroeconomic theories. They believe that in the short run, especially during recessions aggregated demand has a powerful influence on economics.\u00a0Behind Keynesian theory stand the idea the governments should increase demand to boost growth. These economists believe buyers&#8217; demand is the principal driving force in an economy. This theory promotes the expansionary fiscal policy. The theory strongly depends on government spending on infrastructure, unemployment compensations, and education. Well, the drawback of this theory is that overdoing Keynesian policies boosts inflation.<\/p>\r\n<p>It was very difficult for me a few years after Bitcoin came into my view to free my mind from its previous training.<\/p>\r\n<p>Ok, some people adopted new technology like ones who buy Android phones or some who run Linux as desktop. Some people are spoon-fed technology, like ones with iPhone or OSX.<\/p>\r\n<p>Anyway, I don&#8217;t expect people to understand.<\/p>\r\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin_use\"><\/span><strong>Bitcoin use<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n<p><span style=\"font-weight: 400;\">Adoption of something doesn&#8217;t require understanding. We all use the internet in every segment of our lives but we can\u2019t point our finger and say \u201cHere! This is the internet!\u201d<\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">If you ask someone how they understand that the universe is infinite and how they understand the meaning of infinite, you would be surprised by the answers.<\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">After all, I do not understand how the dishwasher works, but I still use it. Others can&#8217;t understand mobile phones or computers.<\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">But they are using that!<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-weight: 400;\">So, use cryptos without fears.<\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">That&#8217;s why there is no excuse when I hear from someone that he does not understand how cryptos work. And how hard is to trade.<\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">OK, it takes intelligence, but no more than any traditional financial equity trade.<\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">Yeah, it takes basic finance knowledge to understand and invest but no further than average.<\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">People should know, if everyone learned about finances they would work and invest and become self-funded within 7 or 8 years even making minimum wage. C&#8217;mon, people, wake up!<\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">But I want to tell you.<\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">Bitcoin is making the <a href=\"https:\/\/traders-paradise.com\/magazine\/2018\/06\/financial-freedom-viva-la-crypto\/\">biggest revolution<\/a> in the finance industry in the last 200 years. Leading all cryptocurrencies, Bitcoin is at the forefront of the bleeding edge of <a href=\"https:\/\/traders-paradise.com\/magazine\/2018\/10\/blockchain\/\">blockchain innovation<\/a>.<\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">I think it is necessary to stay patient and witness history first hand.<\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">Nothing can stop that!<\/span><\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Who would use the fiat anymore By Guy Avtalyon I would like to tell you a few words about our global educational system. All over the world! They never teach us about even basic finance and who can expect now that people can understand and adopt something complex such is Bitcoin or any other crypto. [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":5133,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[1015,1012],"tags":[75,97,98],"class_list":["post-1007","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies","category-traders-secrets","tag-bitcoin","tag-keynesianism","tag-new-era"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin use: The New Era Has Started! - Traders Paradise<\/title>\n<meta name=\"description\" content=\"Bitcoin is lot simpler than the fiat system, but people are legally compelled to adopt fiat. Use cryptos without fears. 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