Cryptocurrency – bridging the gap among the classes

Hello Hives,

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The class system that we all know about, upper-middle-lower based on economic status has been prevalent since the dark age. The dark age was the period from the fall of the roman empire to the start of the Renaissance in Europe by the 13th century. Then the class system was Royal families – lords/knight-serfs. We can see that how the third class out of it i.e serf class which serves the higher class by either working for them or paying taxes were exploited. They wanted to free themselves from the vicious cycle of elite ruling and there was no participative governance. Serfs had the least to speak and that is because of their downtrodden economic status. No money, No participation.

The struggle

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The struggles can be seen directly in the french revolution. French revolution changed the world and the revolution was laid by the serf of the bottom class to free up themselves of bad ruling and taxation system. Serfs constituted 90% of the working class and the economy was mostly based on the work of serfs. Governance was only limited to controlling serfs and getting the maximum out of them. The struggle was long but shaped the economy on which the current world is operating.

The Present

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We see the same class structure in the present time as well. Upper-middle-lower. Now the only part is that here middle part of the class constitute a major part of the work force. However, it is hard like the medieval era to move to the upper tier of the class. One works their hard to earn a dignified life by 9-6 jobs. Yet the movement is slow and the middle class is inflating so does the poor lower class. Although the government in any democracy does try their best to help the lower class, the middle class is hardly get addressed as they seem okay and don’t become a part of any report. The middle-class struggle is beyond the imagination, it seems like we are moving up but we know that one major taxation reformation, or any negative incident can push us lower.

The cryptocurrency

The middle class is the class that is busy fulfilling the aspiration of their dears and find very little time to even think of moving above because by that time they are out of resources. Not much money is left in their hand to think of any investment and it is significant mostly in the developing countries.
Cryptocurrencies are their way out to finally feel the way they always dream for. To invest, to be in a decisive role, to be in a good economic status, good economic backup. The middle class and even lower class don’t have much money to invest in their country's stock market, the stock market is a slow-moving system and the process of investment is quite tedious as well. Limited companies, gradual profits won't help these classes a lot. Cryptocurrency is now expanding, more coins, more profits, thought it is only good if you have proper knowledge of the cryptocurrency system. But as I can see in my country, sure cryptocurrency is giving better options to financially secure their life and be an investor at the same time.