[Commoner’s Corner] March 2019
By: Liam, Cypher Core
Tags: Commoners Corner, Crypto, Bitcoin, Blockchain, Technology

Hello fellow Bitcoin and Blockchain enthusiasts. My name is Liam Hodash and I have been involved with Bitcoin and Blockchain technology for a few years now. When I was younger I explored the dark web out of curiosity and found/bought some bitcoin back in 2015. Fast forward a few years to 2018, I started hearing about bitcoin again in the news because of its $3k rally in April of last year. I bought some more and started becoming more heavily involved. A few months later I joined a group called Cypher Core where we focus on blockchain solutions, and I just became more fascinated with the technology that Bitcoin and Blockchain offer the world.

In the year of 2019 technology is advancing beyond our wildest imagination and the world of the future is at our fingertips. But what no one talks about is our currency, will it stay the same when everything else has changed? Is the world really going to continue to use paper, cloth and metals as money, will we keep using resources just to buy other resources? In an increasingly tech age, why would it be so far out there for our currency to be a part of that? We already have Apple pay and Samsung pay, that connect your debit or credit cards to your phone and allow you to pay by simply hovering your phone over a payment terminal.

People like their privacy and protection, it keeps us comfortable knowing we are safe and secure. There is a way of transferring money across the globe while only paying dollars and pennies. A way where wait times are just minutes and not three to five business days. The privacy of having people only know who you are by a long combination of numbers and letters.

Bitcoin has been around for 10 years now, silently growing around us waiting for the perfect time to become adopted world wide. With countries already investing in Blockchain technology and Bitcoin itself, it is not hard to see what is coming. Paper money is a thing of the past. I myself don’t even carry cash anymore. It’s pointless with the invention of a debit card so why do I need cash? People walk around and lose hundreds or thousands of dollars everyday; the only way to lose Bitcoin is if you lose your private keys.

Bitcoin a physical and digital asset and is held by the individual not a corporation, this prevents theft, loss, and banks taking it from your account for fees.

With the invention of Bitcoin came the concept of blockchain. With blockchain receipts are stored in a digital block of data. Every transaction that was made in that amount of time (8–10 min.) can be found. You can see where money was sent to and from, what time, how much was sent, the fees, the energy used, and the block number it was stored on with it still being completely anonymous. What they can’t see is your name, location or why the money was sent and no one will come asking down the line why you sent millions of dollars somewhere.

With this new technology slowly coming to play, more and more people are able to realize their ideas and bring them to fruition. The technology that Bitcoin and Blockchain offer are something that an average person won’t be able to ignore in the coming time. People are already creating this, I have recently worked with a group who aims to eliminating plagiarism on the internet, a group who wants to reshape the health industry, along with Cypher Core that provides Blockchain solutions and education for the interested.

Samsung is releasing a cryptocurrency wallet on their next phone platform; Facebook is launching its own crypto currency; South Korea is investing in Blockchain technology, and some small European countries are allowing people to pay their taxes with Bitcoin. Just like the invention of money and the invention of the internet, Blockchain will be a want and a necessity in daily life not too far down the road.

Get in Touch

E-mail

Website

Twitter

Telegram

Instagram