Bitcoin – future of the financial system?
Bitcoin for 11 years of its existence came a long way from capitalization of 0$ to capitalization of 200 billion $. Why that happened? Why people are not happy with traditional banking systems and traditional payment systems?
1. Technology. Geek culture become more and more common (especially in US). Any interesting technology emerging enthusiasts, which would like to test it and afterwards use it.
2. Idea. The world is becoming more and more small every day. So the world need transnational currency, which constitute universal measure of value. You (and Donald Trump) would say that this kind of currency exists – this is United States Dollar (or like mr. President would say (write?) on Twitter UNITED STATES DOLLAR!!!!). But emission of USD is in hands of Federal Reserve System, and emission of new global currency should not be in hands of one country. In this coronavirus years printing machine of FRS work like crazy (in this year alone will be printed around 5 TRILLION dollars) supporting American businesses and citizens. Emission of global currency should proceed transparently and by algorithm. By the year of 2140 will be printed only 21 million bitcoins.
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Corrections · 15
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Bitcoin – the future of the financial system? Probably an article is better here,
Bitcoin, in the 11 years of its existence, has come a long way, from a capitalization of $0 to a capitalization of $200 billion. Why has that happened? Why are people not happy with traditional banking systems and traditional payment systems?
Commas for "in the 11 years of .. " since this phrase is parenthetical. It is not part of the main flow of your sentence.
Past perfect rather than simple past: that's the convention for this kind of usage, where the past continues to have influence into the present.
Articles for "capitalisation" ; you could go without these, but the standard usage is with.
$ sign normally precedes the numerals when written out in numerals. When in words, dollars comes at the end of the numbers,
"Why has that happened?" - Present perfect again, and subject-verb inversion after a question word is standard usage: so the same inversion applies to "Why are people ..."
1. Technology. Geek culture has become more and more common (especially in the US). Any interesting technology that emerges attracts enthusiasts, who would like to test it and, afterwards, use it.
Present perfect - still the right tense here. "US" normally takes" the". Interesting technology; your English didn't quite make sense. This is how I interpreted it: if I missed your meaning, my apologies.
2. Idea. The world is becoming smaller and smaller every day. So the world need a transnational currency, which constitutes a universal measure of value. You (and Donald Trump) would say that this kind of currency exists – this is the United States Dollar (or as Mr. President would say (write?) on Twitter UNITED STATES DOLLAR!!!!).
"Smaller and smaller" is better. Do take care with articles: I know this is difficult. "A transnational ..." a universal ..." the "u" in "universal" (and some other nouns) is sounded with a "y" at its starts - like "youniversal" - so it takes an "a" and not an "an".
Article for USD. "Mr", formally, takes a capital M, though this is often skipped.
But control of the USD is in the hands of the Federal Reserve (you don't really want the "System") and control of a new global currency should not be in hands of one country.
Articles again ... The Federal Reserve is an institution, not a system. "Emission" doesn't really work: I think you mean control. The physical printing of money is only one aspect of control of a money supply, which includes the circulation of money and (liquid, easily traded) credit in an economy. But this is economics and not language, and you might disagree.
In this coronavirus year, (singular, 2020) the printing machine of the Fed (if you want to be informal: otherwise, "of the Federal Reserve") is working like crazy (this year alone around 5 TRILLION dollars will be printed) supporting American businesses and citizens.
Articles again :( That's something to work on. Naming the Fed; these are the standard choices. "Is working" - present continuous: this action is continuing right now. Passive sentence construction: on this occasion you need to move your verb to the end.
The creation and control of a (I think this is what you mean) global currency should proceed transparently and by algorithm. By the year 2140 only 21 million bitcoin [ I don't know what tense you mean here. "will have been created / mined? That's the right tense if that is the total for all years to that date. If you mean 21 million will be created each year, you would need "only 21 million bitcoin per year will be created. "]
Bitcoin: plural without or without the "s"; both forms exist, but many bitcoin aficionados prefer the form with no "s". "Mined", similarly, is a standard term for bitcoin creation. I have used "bitcoin" without a capital letter throughout: some would argue that it should have one, as this is a name.
https://www.btcnn.com/should-bitcoin-be-capitalized/
https://bitcointalk.org/index.php?topic=317403.0
Hope this helps :)
https://cointelegraph.com/bitcoin-for-beginners/how-to-mine-bitcoin-everything-you-need-to-know
https://www.kaspersky.com/resource-center/definitions/cryptocurrency-scams
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Tu es mon hero. Si tu as besoin de parler en francais. N'hesite pas m'ecris.
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Don't worry I won't sell my house to buy crypto.
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Take care with your money, Slava.
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3. Not anybody saying anything about soon.
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