You don’t need to be an economist or systems engineer to understand the crypto world – Tech Viral Tips

Why is bitcoin the ‘economy of the future’? With the rise of cryptocurrencies, that is One of those questions you’ve definitely asked yourself, The truth is that no matter how isolated the issue may be, the ruling forces us to delve deeper into the subject, particularly in regions such as Latin America and Mexico, where local usage and custom- The customs mean that the issue of money is still regarded as something ‘taboo’.

However, with betrayals and gains, the environment of the self-styled crypto world calls into question the concept of ‘money’. In other words, to be open about the ‘economy of the future’, you have to understand what money really is, because at the end of the day it is presented as An economic asset is somewhat different from what we know.

same happens with blockchain, which was crucial for creating new business models from institutions that are decentralized. In fact, the question this concept raises is very similar to the one previously asked: How does it work? It has a protocol that allows anyone to record business transactions using a sequence of linked data, which is not controlled by anyone, but which is secure, what does that mean?

These are some of the questions that Jose María Ramos, a chemical engineer by profession, but an avid passionate about economics and finance, go into details. A Vertical Leap in the Crypto World: A Guide for Beginners and Veterans’, a book in which he explains the processes that bitcoin and cryptocurrencies go through on their way to becoming the most important financial assets in the world of the future.

The purpose of writing is to be a guide for someone. From scratch, anyone who is curious and interested in getting closer to the crypto world, without being a financial economist or systems engineer, can understand what bitcoin is, Jose Ramos said in an interview. financial.

Gradually, various companies start investing in this type of asset. Added are countries such as El Salvador, which has already declared bitcoin as a legal resource currency to operate alongside other currencies such as the dollar.

Economic Flow, being digital, allows access to a brokerage house that is open 24 hours a day, 7 days a week, 365 days a year, to send money without permission and without intermediaries. It is also an investment medium that allows entering into new business models and investing in new schemes beyond borders.

There is always risk in investing, but understanding that there are business models that no longer rely on limitations, as in the case of well-known ICOs (the acronym means initial coin offering, another aspect of crypto), offering this type of digital business from anywhere in the world, in real time, is presented as something revolutionary, he says.

Bitcoin proposes a system based on energy reserves: what do you mean by that? With a thermodynamically closed model, you can, in the long run, make way for energy that will retain the purchasing power you have today. no chance of devaluation,

Jose Ramos plans to put an end to the idea that this is something ‘very difficult to understand’’, because even when experts and people are involved in the subject, they sometimes struggle to pinpoint what its value is as a single resource, which is the key to addressing the issue more deeply. Doesn’t instill confidence, he said.

Jose María Ramos, as a chemical engineer, is very much involved with the technical part, so to define how far the cryptocurrency world will go, the main thing to understand and develop is what we have today about money. Concept, explain.

Another important point to highlight is its impact beyond the financial sector. The crypto world is open to the community in general, especially because it ‘fixes’ money: nowadays, it is taught that to lose it you have to risk what you have already earned, and cryptocurrencies There is an alternative system that provides people with a viability that was not there before, especially when there is a crisis or inflation and even hyperinflation.

In times of crisis, governments have outlawed financial assets to avoid recession, and cryptocurrencies are an iteration that goes further, with themselves saying that “it is money for the people and can be stored safely.” could”, says Jose Bouquets

However, for the time being, countries that have control over the major financial system may not want to be open to options, something undeniable: It is impossible to ban cryptocurrencies, In the crypto world, there is no middleman as of now, therefore, no door to ‘close’.

Unlike what happens with companies creating their own cryptocurrencies, where dangerous centralized protocols are seen because they are technical projects that are iterating, the law establishes that one is corporate and can be regulated, These governments are treated to shut down what they want. The window for those who want to reach that world narrows to crypto businesses or portals to buy and sell digital currencies, he says.

ALT Coins (alternative cryptocurrencies) are more speculative, but there are many who struggle to find the value and utility they offer and succumb to excitement and panic; However, for Jose Ramos, there are projects that are creating very interesting things, such as in the case of mana, sandbox or many others. It helps to get a little engrossed. For more on how the crypto world works, visit financial.