Everything in the world is met with criticism or admiration. Cryptocurrencies are no exception. On the one hand, many people admire them and trade with them; on the other hand, there are plenty of critics who will not forgive a snide remark on the side of cryptocurrencies. Let’s see if there is any truth to the criticism.
Conflict with the interests of civilisation
One of the biggest critics of cryptocurrencies is Charlie Munger, who openly admitted that he hates the success of Bitcoin and that the developments around cryptocurrencies are disgusting and contrary to the interests of civilization. But cryptocurrencies are not contrary to the interests of civilization. Platon Life is fully aware that the current financial system, which is built on endless growth, cannot be sustainable in the long term, both economically and environmentally.
There is a need to connect the digital world, people and businesses in an online environment that meets the demands of the digital environment and the requirements of the banking system. The banking system that currently exists in the world may no longer be sufficient for many people and therefore people are looking for an alternative in the digital world. In addition, digitisation can bring an undeniable advantage: it can bring banking services to those who currently do not have access to them.
Money for criminals
Another widespread criticism of cryptocurrencies is that they are money for kidnappers, criminals and extortionists. But the truth is that the blockchain can capture these transactions in real time, which makes it one of the most secure networks for transferring money.
Unfortunately, we are unlikely to get rid of fraud in the crypto world, but it is possible to eliminate it as much as possible. In addition to studies and education, Platon Life offers a wallet that is insured up to €1,000,000, ensuring user funds are safe and secure.
What you can do
If you would like to learn even more about PlatonCoin (PLTC) and our services, we recommend you read the white paper and also to try out a demo version of our wallet. In case you would like to learn more about the digital world, you can start studying with our Platon Trading Academy.