Why it makes sense to go into cryptocurrencies as a vegan
The full article was originally published by Philipp Blum on Medium. Read the full article here.
Hi my vegan friends. I did not talk about my veganism for while. I’m vegan for around 9 years. So, I want to talk about an important topic with you: Cryptocurrencies.
I’m in the Cryptocurrency market since November 2017. I had emotional first weeks, but I want to talk with you about my experience and reasons.
First of all, I want to answer the question: What about mining? Isn’t it destroying our planet even more?
Yes, mining is the worst topic about Cryptocurrencies. That was also a reason for me to not join this market. Until I read about IOTA. This currency does not have mining at all. There is just a fixed amount of coins. And this amount does not change.
So may ask now: How does it work then?
That’s basically really simple. When you do a transaction, you have to validate other two transactions. You connect your transaction to these other two transactions. After that you just wait until other transactions validate your transaction. After a while your transaction will recognized as validated within the network. That system makes it really scalable and this system is totally different to the Blockchain. IOTA calls it Tangle.
So: What about fees?
That is an interesting topic: There are no fees at all! And I think that is great. For two reasons:
- Fees motivate people to create monopoles. So that they can get all the money. And that is currently happening with Bitcoin, Etherneum and other Cryptocurrencies.
- Everybody should have access to the financial market. I want to have world where everybody is able to have a bank account. And even more: Where everybody can sell on the global market. Why do need a farmer a middleman? Why can’t I buy directly from him.
Okay, sounds nice, but how about losing money. Isn’t it a bubble?
Yes, I think so. I think the probability is really high that it will burst someday. But why should you invest then? That’s simple: I think it’s too earlier that this bubble burst. We had a down in December/January. And it felt not nice to have a portfolio of -50%. But I just bought more IOTA. So, now I’m around +90%. Way better. Nevermind. The market had a huge drop. Normally you would call this drop crash. But interestingly: The worlds economy didn’t felt anything about this. I think Cryptocurrencies will be the next bubble. But the banks are still not invested. Not yet. They will, because investment bankers are greedy. And currently there is a lack of opportunities for them to make big money. Cryptocurrencies is a growing market. So, I basically think that banks will push the price even more.
So, but should I get in as a vegan then?
There are many reasons for it. But I give you my two main reasons:
- Better you have the money than some getting rich fast guy with an Ferrari. I would like to see more rich vegan people. More vegan people in good positions to change the world.
- To have an impact on this market. We are currently in a phase which defines which Cryptocurrencies will win later. So you can influence which Currency will be used in the future.
Last words about this article:
If you decide to put some money into this market, I highly recommend you IOTA, because of many reasons. Nevertheless: This market is involves many risk. So, please just use money which you can lose completely. This might happen. Be responsible.