না, জ্যাকসন পামার, আপনি ক্রিপ্টো সম্পর্কে ভুল

15 years ago, the social media application Twitter was launched. You might have heard of it, it’s pretty big. Initially, the microblogging and social networking service was a friendly place, packed full of helpful articles and adorable videos. In a recent article, aptly খেতাবধারী ‘How Twitter ruined everything,’ the author Douglas Murray wrote, somewhat nostalgically, “It all started out so well.” Jack Dorsey’s brainchild was once, believe it or not, fun. People used the platform to say wacky things, but fun wacky, not QAnon wacky. Oh, how times have changed.

Twitter, in many ways, has gone from being a heavenly place to an utterly hellish one: A once Edenic environment has become a dystopian nightmare. Cat videos have been replaced by catty comments, with more and more people using the platform to unleash tweetstorms — a stream of consciousness in 280 characters or less.

Jackson Palmer, the co-creator of Dogecoin (DOGE), is the latest to use Twitter for such purposes. In a tweetstorm of epic proportions, Palmer managed to capture the attention of both crypto-enthusiasts and critics, কলিং cryptocurrencies “an inherently right-wing, hyper-capitalistic technology.” The whole industry, according to the inventor, is an exploitative hustle, capitalizing on the naivety of the less well off. According to Palmer:

The cryptocurrency industry leverages a network of shady business connections, bought influencers and pay-for-play media outlets to perpetuate a cult-like “get rich quick” funnel designed to extract new money from the financially desperate and naive.

- জ্যাকসন পামার (@ মমজ্যাকসন) জুলাই 14, 2021

News flash, Mr. Palmer: You just described the world we live in. The world’s 2,000 billionaires ভোগদখল করা more wealth than almost 5 billion people combined. This is one of the very reasons why Bitcoin (BTC) was launched in the first place. The world is rigged in a way that allows the super-rich to মুনাফা while the world পোড়া. This might sound hyperbolic, but I assure you it’s not.

In this inherently দূষিত world, decent cryptocurrencies — like Ether (ETH) and Bitcoin, for example — do offer the non-billionaires, all 7.8 billion of us, some degree of hope. As the barriers to entry are virtually non-existent, with basic knowledge, a willingness to educate oneself on the topic and a reasonably small amount of money, one can make decent profits from decent cryptocurrencies. Of course, like everything in life, there is always a degree of risk involved; caution must always be exercised. But to write off the whole crypto-market, as Palmer did, makes little sense. If in doubt, just ask the president of El Salvador.

সম্পর্কিত: এল সালভাদোরের 'বিটকয়েন আইন' এর পিছনে আসলে কী? বিশেষজ্ঞদের উত্তর

Crypto gives a voice to the voiceless

When we discuss “exploitative” actors, it is important to discuss traditional banking services — possibly the most exploitative of them all. With financial intermediaries like Western Union charging exorbitant handling charges, migrants হারান almost $25 billion each year through remittance fees. Why can’t a decent cryptocurrency (or cryptocurrencies) offer people a less exploitative alternative? An alternative, after all, is most definitely needed.

অনুযায়ী to a recent United Nations report, around 11% of all people globally “are supported by funds sent home by migrant workers.” As the report explains:

“Currently, about one billion people in the world — or one in seven — are involved with remittances, either by sending or receiving them. Around 800 million in the world — or ​​one in nine people — are recipients of these flows of money sent by their family members who have migrated for work.”

In other words, some 800 million people around the world stand to benefit from an alternative to Western Union, the all-consuming, remittance goliath.

Again, why not crypto? As the report states, “the money received is key in helping millions out of poverty,” as “it is often a major part of a household’s total income in the countries of origin and, as such, represents a lifeline for millions of families.” Imagine how much stronger this lifeline would be if the $25 billion in remittance fees went towards food and shelter, rather than the pockets of the exploiters.

This is not a fantasy projection. The current system is very much broken, and a change is very much needed. According to the Pew Research Center, the wealth gap between America’s richest and poorest families has more than দ্বিগুণ in size since 1989, and that gap is only ক্রমবর্ধমান. While Amazon employees মলত্যাগ in bags, their once billionaire boss, Jeff Bezos, জড়িত in a pissing contest with Richard Branson….in space. The landscape must be transformed.

Can cryptocurrencies help? Yes. How so? By giving a voice to the voiceless; by giving the most vulnerable a greater degree of financial autonomy. Not all cryptocurrencies are created equally. For every Bitcoin or Ether, there are nonsensical, dog-themed meme coins; Palmer would do well to remember this before writing the whole crypto-market off.

এই নিবন্ধটিতে বিনিয়োগের পরামর্শ বা সুপারিশ নেই। প্রতিটি বিনিয়োগ এবং ট্রেডিং মুভ ঝুঁকির সাথে জড়িত এবং কোনও সিদ্ধান্ত নেওয়ার সময় পাঠকদের তাদের নিজস্ব গবেষণা চালানো উচিত।

এখানে প্রকাশিত মতামত, চিন্তাভাবনা এবং মতামত লেখকের একা এবং অগত্যা Cointelegraph এর মতামত এবং মতামত প্রতিফলিত বা প্রতিনিধিত্ব করে না।

Source: https://cointelegraph.com/news/no-jackson-palmer-you-are-wrong-about-crypto