Bitcoin the money that does not exist

Today we live in a world that is constantly changing, where every day technology is more part of our life, making it almost indispensable in an indeterminate way until another technology replaces it, making our life easier while making us feel more interconnected. For this reason, in this writing I want to invite you to this textual journey in which I will be showing you the technology of the crypto currency and its implementation in the blockchain and its functions and how this technology could change the way we will live in the future.

After a long trip or for some reason you manage to travel 40 years in time to the future, reaching the year 2061, which now you can analyze how life changed on earth and on the other possible planet that we now inhabit, which we becomes an interplanetary race and you manage to realize how technology has changed humanity since in that time in which it finds you it is totally different from what you imagined the future would be, which forces you to return to this year in the which we are, to discover why humanity changed all areas, in every possible way.

Wondering how the world could change so fast and what was the technology responsible for this madness, leaving you wondering why our civilization will change more in the next 40 than in the last 100 years. is looking for all possible technology that can have this effect on the humanity we currently live in and is beginning to realize that one of the ways humanity could change so quickly is if we implement a global currency that can instantly transact and it begins to fix you that we are actually entering an era in which that global currency is more possible than ever, which will start to interest you in the crypto currency such as bitcoin that could replace all the way we know to make transactions making it perfect to make everything you saw on your trip to 2061 become possible.

Intrusively after having the idea that bitcoin or all cryptocurrencies in general could be responsible for everything you saw during your stay in 2061, you decided to do a little more research on cryptocurrencies, especially bitcoin. since it was the first cryptocurrency that was created. In your research you discovered that bitcoin was created by a person or people called "satoshi Nakamoto" in 2008, who has remained anonymous until then, with 1 million bitcoin in his wallet that has not been withdrawn since then. Which generates more intrigue to know what the plan of that person or people is, and keep you looking for more information on the subject that you still do not understand.

Understanding the technology behind bitcoin is a bit tricky. so we have to travel to 2008 where its creator "satoshi Nakamoto" published a document that describes how bitcoin would work, based mainly on the implementation of bitcoin on the blockchain. In that document Nakamoto describes that each transaction in the bitcoin network would be stored in the blockchain in a secure way and each transaction in the network would generate a block as proof of work that miners are currently in charge of. Something interesting about bitcoin that Nakamoto states in this document is that only 21 million can be extracted. Perhaps you are still wondering what the blockchain is and why it is so important for the correct functioning of the cryptographic currency such as bitcoin to know the blockchain we have to travel back in time to the early 90s where the blockchain is created.

Your travel through time has become very common in your new life after returning from the year 2061, determined to continue your journey of discovering how bitcoin could radically change the human species in the next four decade.

Decide that after digging through time to find out about bitcoin history, you realize that the changes are currently beginning to occur and that bitcoin is not necessarily responsible for this happening. but the control of the data that banks have to make transfers without the need to move physical money or real money from person to person through a centralized algorithm moving unreal money through digit without any value and you begin to realize that this Action by banks could help bitcoin change the entire global financial system for the following reason; When banks make transfers without the need to transfer real money, they are creating a type of money that can not be integrated into the economy, causing inflation to continue to rise exponentially each year, resulting in your money varying less in the coming years, and creating an economic bubble worse than the one that caused the financial crisis of 2008 and insurance you will be wondering what this bubble would be like if it were to burst soon.

In order to understand what a hypothetical economic crisis would be created by the inorganic money printing bubble created by the banking system. We have to get the following figurative image: imagine that you have a savings account in your favorite bank and see that in the news they are talking about that in the next week inflation will increase exponentially, which you did not fully understand and it scares you and go to the nearest bank office to withdraw all your money, but upon arrival you realize that like your hundred and even millions of people want to withdraw their money but their bank does not allow them to withdraw the money in its entirety and neither They even give an explanation why they cannot withdraw their money and this is where the problem begins for the reason that as banks create more unreal money they have less supply of physical money in this case "dollar bill" because not all the time the person always uses the money in their account in its entirety according to them, which gives them the advantages of using your dollars for their unreal money created by algorithm. doing so that you must use a debit card to pay for service and necessity and if you need a dollar bill you have to go to an ATM to withdraw that real money that you have, like the image of the previous bubble, it will also have a limit withdrawal because they do not have all of your money in their vault.

After a year of having solved the problem with the banks, everyone receives their full money, although many people put their money back into their account, other people no longer trusted the banking system and decided to enter their money into bitcoin, which in an unrealistic way. It will be the global currency in the year 2061 for which many people decided to trust bitcoin since this crypto currency has characteristics that banks could not offer some characteristics are the opportunity to be the owners of your money and the possibility of having all control of your money and being able to withdraw it whenever you want since your money would be in a digital wallet waiting to be evaluated on the blockchain and then withdraw it to real money or dollars.

In a changing modern civilization we can see all the possibilities offered by the internet and many of the way in which the internet could turn us into an intercommunicating race in our hypothetical until trip 2061. the great demand in the purchase in the online business have grown exponentially And the great pressure on the bank has generated mistrust of the person who were a victim of the banking system could force a large company like Amazon to receive cryptocurrency such as bitcoin as a payment method, which will make the price of bitcoin increase. Other industries such as cinema, video games and aeronautics could also be influenced to implement bitcoin as another currency as a payment method for its service, making the independence of the traditional banks that are limiting this process of accepting bitcoin.

The truth that the person does not let us want to show is that cryptocurrencies are already part of our lives and that bitcoin could destroy the oldest financial system in history , if it is established worldwide, this would cause banks to lose many millions of dollars That they will not accept it very easily but what we can dream is that we are closer to achieving the moment. at that moment is where bitcoin begins to be recognized as a legitimate transaction currency such as the dollar to make payment for service e need.

Bitcoin for many economists is also very volatile since it is not subject to anything and is not backed by anything. more than the network itself and the trust that the person gives to the currency.All possible future history of bitcoin could happen if bitcoin mining can be produced, due to the great computational power that is needed to do them. In addition, many bank investors are fighting for the government to start regulating this currency that is difficult to track and could complicate the entire tax collection system of the United States government since many people use it for illicit actions which would be a great problem for bitcoin to become the global currency that you saw when you traveled to 2061.

The covid-19 crisis that occurred in 2019-2020 forced the government not to pay much attention to this currency for the reason that, like the bank. The Government is generating inorganic money to help the economy keep moving and not stop but from a citizen's point of view that's a good thing

But the truth is different because when the government begins to print money in an uncontrolled way, over time it is reflected in the inflationary level of the country in general terms, your money will be able to buy less things.

In conclusion, the way that bitcoin will change the entire financial system will be through the trust that people will give to cryptocurrency and the great need that there will be in the future for a global currency that can change the human race in everything. the area, helping potential system ideas such as interconnection and globalization that will be vital to be able to advance economically and technologically.