Hello beautiful✨ people of #hive-learners community, and to every reader across the world🌎 greetings to you all from @youngmiliki and I welcome everyone of you to our weekly featured contents.
Week-06 edition-02
PHYSICAL MONEY OR CRYPTO.
```Ever since Cryptocurrencies became a thing and got the attention of the world, many governments have been against it while others embraced it. What about you as a person? Do you prefer the digital form of money? Or you would rather use the physical money? Give reasons as well, we would love to know.```
Honestly, this topic is kind of confusing and interesting but I will have to choice one out of the two.
First of all we need to understand what the physical money is to the world and how its been used, in today's world, physical money is every where, it is used all over the world to pay for services, for purchases, food, loans and other more. However, the physical money or paper notes are in circulation over the world by accepting the currency, a merchant can sell his or her goods and have a convenient way to pay their trading partners. And the Digital form of money (cryptocurrency) is a tradable digital assets or digital form of money built on a blockchain technology that exists online and it's process known as mining which involves using of computer to power up and to solve some complicated mathematical problems that generate coins. However, this digital form of money can not be used instantly but rather good for the future saving.
```PHYSICAL MONEY OR CRYPTO.```
I would prefer the physical money to CRYPTO form of money. For me I would rather chose physical money that is acceptable in every country by the government, why? Because the physical money is something preferable to those who runs the local businesses in daily basis, and also to every individual for living. But the physical money has its own advantages and disadvantages as well.
```Some of the advantages of the physical money.```
Physical money gives you freedom, when you have enough money you can live where you want, take care of your of needs, and indulge in your hobbies.
Physical money give you power to pursue your dreams.
Physical money gives you security.
Physical money helps in maximizing consumer's satisfaction and producer's profit.
Disadvantages of physical money
Instability in the value of money- too much physical money reduces its value and causes inflation.
Illegal activities- Money is the root of evil, cause of thefts, murders frauds etc and this occur due to the greed for having money.
Thanks you guys and I wish you guys a wonderful day.
@youngmiliki