This document discusses why many educated people believe in Bitcoin despite it being seen as a trend. It argues that people are resistant to change and have deep-rooted beliefs in traditional systems like fiat currency issued by governments. However, blockchain technology is decentralized and provides a secure way to transfer money globally without high fees. While Bitcoin is still in its early stages, its value will likely increase as its user base grows since there is a finite supply. The document encourages considering cryptocurrency rather than dismissing it.

1. Dennis Kasukawa - Yamato Kasukawa | Why Lots Of Educated People Believe
Bitcoin Is a Trend

2. It was my elderly year of senior high school and one of our instructors called us
in a room filled with new computer systems. We were advised to take a seat as
well as "browse the internet."
"Surf the internet?" What did that even suggest? At the time I did not live
anywhere close to the beach as well as could not truly recognize this concept
of internet surfing. It was confusing as well as web pages were slow-moving to
lots. There was no way that this was going to be useful. I went back to the
collection later that day during study hall and also read the paper. You
recognize, the ones you see in hotel lobbies as well as occasionally beyond
restaurants.
Yamato Kasukawa

3. All kidding apart, when people are used to doing something a certain way for
so long it genuinely becomes part of who they are. I have operations
administration experience and every time I tried to transform the process or
way of doing something to make it extra effective I was normally met with
resistance.
Some people are far more wed to particular ideologies than others. We see it
all over. I see it with the older generation at church not liking the more recent
music. Or, for example, the National Organization baseball purists despising
the concept of the designated hitter. How around even basic points like when
Twitter or facebook changes the user interface? Do not tinker my timeline!
LOL.

4. Why after that should it be any type of different for Bitcoin or any kind of
cryptocurrency? I talk with individuals every day that are informed and
successful and yet still can't wrap their heads around cryptocurrency. To me it
resembles explaining exactly how to surf the internet to people in 1994.
For centuries individuals have actually had it deep-rooted in their minds that
cash released by the government suggested it had value.
Dennis Kasukawa

5. Fiat money (cash issued by a federal government - USD, Euro, Ruble, etc) has
this undertone behind it that due to the fact that the federal government
published this it MUST be of value. While it holds true that our dollars have
worth, many people assume it is since it is backed by something. As a society
we have chosen that glossy minerals we dig up from the ground are "valuable"
as well as for that reason so is our cash.

6. When economic climates are humming along and governments aren't
overbearing and also individuals have a relative "trust fund" in them after that
of course, fiat currency works rather well. What occurs when we tip that scale
as well as points don't go so well? Economists have varying opinions on that
particular, yet the majority of the time governing bodies will step in and try to
boost the economic situation. This is done by adjusting the economy by means
of strategies such as decreasing interest rates or quantitative easing.
Governments love to switch on the printing press when things go bad.

7. These sorts of circumstances can result in wonder about, or far even worse.
Economic downturns can turn into even bigger troubles such as price controls
or food lacks. Just ask individuals of Venezuela that are opposing in the streets
each day. This is because their federal government backed Bolivar now has
actually seen triple figure inflation and also it's not also worth the paper it's
published on. Allow that sink in.
The wonder about of streamlined financial institutions, federal governments
and corporations has resulted in individuals looking for monetary haven
elsewhere. It can be exceptionally difficult and also costly to move cash around
the world also. I used to handle financial institutions and the process was
tedious and also required several eyeballs on it for confirmation functions.

8. Blockchain technology is transforming all that. It is totally decentralized
definition that nobody Head of state, Oppressor, federal government or
corporation can manage it. The online digital bookkeeping journal called the
blockchain maintains count on and several persons nearly promptly verifying
deals for every various other. Individuals are economically incentivised to do
so. It's a genius peer to peer operation that counts on people's greed to
validate each deal. Because of this, blockchain purchases are likewise the
most safe as well as most safe and secure purchases ever before created.

9. What the web did for information, blockchain modern technology is providing
for transactions. Bitcoin is not backed by any glossy material in the ground, but
by something much better. The absence of count on traditional fiat money is
causing individuals from all over the world to relocate their money right into
cryptocurrencies. It is a safe and secure and also reasonably easy method of
repayment. I can send Bitcoin to anybody worldwide for almost no fee at all
and also they obtain it instantaneously. They can maintain it in Bitcoin or they
can quickly trade it on an exchange back right into the local money of their
choice.

10. Not just that, but merchants worldwide are starting to take notice and
numerous are currently approving Bitcoin as an approach of payment
themselves. If I possessed a store, I would certainly be BEGGING people to
pay me in Bitcoin. Those that approved Bitcoin considering that the begin of
2017 have actually currently TRIPLED their profit.
As well as it is only beginning. Now only regarding 1% of the populace is
positive in conducting normal deals with Bitcoin. Think of when that number
moves to 3%. Then to 10%.

11. What many people do not understand is that the even more people that jump
into cryptocurrency the even more value it will certainly have. This is because
the amount of Bitcoin that will certainly ever before be produced is FINITE. And
also you can't have a Ponzi scheme with a limited source. That number
happens to be 21,000,000. That's it. Once that occurs there will certainly never
ever be an additional Bitcoin developed once again.
Due to the fact that we have 7 billion individuals in the world and probably just
15 million people bought cryptocurrency, there will come a day that 1 Bitcoin
alone will be ample to retire on.

12. Currently you can definitely proceed singing those same tunes. In fact, I like
the occasional hymn from time to time, but with more guitar. You can remain to
deal with something you do not completely understand or disregard it as a
trend while Lot of money 500 firms as well as governments are beginning to
realize it's not.