Thu, Sep 21
ZEC is money, and as such, it should be used and exchanged whenever possible. There is often a misconception about cryptocurrencies, with many thinking of them solely as speculative instruments that can be converted into dollars. However, that notion is incorrect.
Cryptocurrencies were created with a singular purpose: to give people the power to transact and spend their money as they see fit, free from the constraints associated with fiat currencies. I believe that when Satoshi Nakamoto had the brilliant idea to create Bitcoin, he wasn't thinking about government institutions but rather the individuals who make up society, the same individuals often overlooked and treated merely as subjects.
Yes, subjects used to pay taxes, cast votes, go to wars they don't understand, and be controlled in how they spend their money. For years, the system was designed to work for the elites, and it has been this way since the beginning. When Satoshi grew weary of this, he created a decentralized currency, Bitcoin, with the purpose of restoring financial freedom and autonomy to the people.
Satoshi's audacity was and still is not well-received by governments. However, due to Bitcoin's transparency, where anyone can view transactions on the blockchain, these governments devised a means of surveillance using KYC (know your customer), which is now being widely implemented on major cryptocurrency trading platforms.
This is a form of intimidation and a government statement: "We are watching." However, not everything goes according to their plan because ZEC is alive and can be used as conventional money and as a financial retaliation tool. After all, everyone has the right to spend their money privately without having to disclose how much they have or how much they've sent. It's a fundamental right.
What people need to realize is that ZEC is money, and it doesn't need to be converted into dollars. It can be used at merchants who accept the currency because they see value in it. It's also essential to understand that ZEC, despite its privacy features, remains a cryptocurrency but one with a private aspect and is also peer-to-peer money for the people.
ZEC, my dear friends, is money, and you should use it as such! The only limitation that may arise is that the merchant next door might not accept ZEC yet, but they can be onboarded by explaining what the currency is, how it works, and its purpose.
I often say that ZEC is like Bitcoin 2.0 because it retains its core principles and adds something even more critical: financial privacy, which is a fundamental right of individuals to choose what information they want to share and what they want to keep private from third parties.
So, make use of ZEC liberally (in the positive sense, of course). After all, it's private, peer-to-peer money for the people.
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