Cryptocurrencies And Their Battle To Maintain User Autonomy: A Deeper Dive

Just logging into your email account or even reading this article right now, under most circumstances, takes away autonomy. Sure, while the Internet world is massive, it’s easy to fall under the misbelief that you have total privacy. Actually, it is far from it. Just as important as having access to your favorite websites, online services, and more is autonomy. There’s no better partner than cryptocurrency to keep things private and fun.

Understanding the Immense Importance of Autonomy

As we mentioned, every time you go online without provisions, it means that there is a digital fingerprint. There are several ways to help increase autonomy, VPNs being one of them. Before we jump into the importance and the benefits of autonomy, first consider what’s at stake – personal and financial hacking. Because of the massive networks that the Internet has to go through, there are bound to be weaknesses in the networks.

All it takes is a slight weakness for sophisticated hackers to break into the network to cause unbelievable havoc. There is a growing number of doxxing and cyberstalking because online autonomy was violated or the measures to protect them were inadequate. VPNs work to help get the ball rolling with autonomy by essentially masking the true IP address.

Also, VPNs work to prevent data logging, so it makes it hard for outside forces to track down the actual IP address and, ultimately, the person behind it. Lately, VPNs have been working with crypto wallets to further enhance autonomy. Crypto, by nature, is a decentralized technology for the sole purpose of remaining autonomous.

Enhanced Buying Options

There’s no doubt that the world of business, down to even music and television streaming, continues to go online. Of course, conducting business online, even ordering something simple from food delivery, requires online payment. Without proper measures, your autonomy, let alone the success rate of purchases, is at risk.

For the most part, credit cards are the go-to option for making purchases. While they have tremendous brand recognition and state-of-the-art cybersecurity measures, there are still too many instances of cyber hacks that lead to a violation of privacy. With these violations, consumer trust dips.

Unfortunately, with these credit card violations, outside forces have access to your private information. This can, unfortunately, develop into fraudulent charges on your credit card that can be hard to undo. Furthermore, these fraudulent actions can have grave consequences on your credit score. Having a high credit score can mean all the difference between getting that coveted house or car loan and so much more.

Another incentive for remaining anonymous and autonomous is having your transactions go through. Even with your financial transactions going through, there is still a digital trail that hackers can find their way to. Using crypto means all the transactions are protected by smart contracts. These smart contracts are broken up into many different nodes. So even if one were to get hacked, the hackers don’t have the whole enchilada about your deals and, most importantly, who you truly are.

Furthermore, because crypto runs on the decentralized blockchain technology, the rejection rate of these transactions is next to zero. This is because blockchain is its own system that runs 100% independent of the traditional financial institutions. Another benefit is that the approval speed is virtually instant, provided that you have the required Bitcoin or other alt-coins related to that particular crypto technology.

Besides making large transactions with individuals or institutions like the National Rifle Association, for example, that the financial institution doesn’t approve of, the online gaming and iGaming industries, in particular, are frowned upon by traditional financial institutions. If the consumer can’t make autonomous and safe transactions, then they won’t participate. For this reason, online streaming services like Movie Plus and online casinos like Stake.us often go exclusively with cryptocurrency to get their members on board and to safeguard their autonomy.

Enhanced Partnership with Crypto and AI

Of course, millions of online users use crypto for more than playing their favorite games online and watching movies. Crypto is now a precious stock commodity. As a result, there are numerous crypto trade exchanges. Needless to say, the need to remain autonomous is paramount, especially when millions and more are involved.

To ensure there are no bad actors in these exchanges and to maintain autonomy, behavioral AI tools know the genuine members and their usual habits. Therefore, in real-time, for the good of the exchange, fraudulent activity or other bad actors can be isolated. Furthermore, using highly secure crypto wallets, these same members can rely on AI to automate their buying and spending decisions while remaining 100% autonomous and anonymous.

Conclusion

Cryptocurrencies continue to drive the future of online spending and businesses. Because consumer confidence is the name of the game, cryptocurrency is becoming the right arm for many online businesses. With cryptocurrencies like Bitcoin and Ethereum, online consumers are ahead of the game from damaging hacks that invade their privacy and maintaining a healthy credit score. But above all, using crypto means peace of mind and no judgment when buying the legal goods and services you like without nobody knowing your name.

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