- Writingladybug
Digital Currencies And NFTs...Are They The Future?
April 4, 2022

It appears that everything today is moving full-speed-ahead without giving anyone enough time to analyze what's actually happening! Nonetheless, we have to take the time to get-it-together. There are many important changes taking place in the world today....changes that cannot be ignored. I would advise you to do your research to discover exactly what those changes are and how they affect your life.
One of the most important transformations taking place at-the-moment has to do with fiat currencies. I have written two previous posts touching on the subject of how freelancers can benefit from using multiple currencies titled:
As A Freelancer Do You Have Access To The World's Most Stable Currencies?
As A Freelancer Are You Getting The Most From Your Currency When Billing Clients?
These two blog posts are focused on how freelancers can benefit from using multiple world currencies.
But what happens when currencies change not only in value, but how they are distributed and sanctioned?
Besides the value of fiat-paper currencies diminishing, there's talk about presenting a digital currency. For example, the United States is in talks about creating a "digital dollar." According to the article from ZeroHedge:
Digital Tyranny: Beware Of The Government's Push For A Digital Currency
"our governments greed for money, power, and control, has grown out of control."
"Indeed, this shift to a digital currency is a global trend. More than 100 other countries are considering introducing their own digital currencies. As such, digital currency provides the government and its corporate partners with a mode of commerce that can easily be monitored, tracked, tabulated, mined for data, hacked, hijacked and confiscated when convenient. This push for a digital currency dovetails with the government’s war on cash, which it has been subtly waging for some time now."
Many financial experts and others are weary of a digital currency and there are many reasons why. However, the "main" reason is privacy and control. For example, whenever you are paid your "payment" will be purely digital which means that you will actually have no control over it.
With cash, you can pay 20 here and a 20 there....however, you deem fit to spend "your money." With digital currencies where, how, and with who you spend your money down to the last coin will be tracked. Another concern is accesses of our personal data, how it is stored, and how it is used. The article from ZH also emphasizes:
"At a minimum, before any kind of digital currency is adopted, we need stricter laws on data privacy and an Electronic Bill of Rights that protects “we the people” from predatory surveillance and data-mining business practices by the government and its corporate partners."
