#### Introduction

## Bitcoin and the digital Ledger are changing the world. 
- The invention of Bitcoin meant we could quickly transfer money across the world without trust. 
- This simple fact is changing the world.  
- It is a simple solution to a complex problem. 
- And the beauty of this simple statement is that you can remove Bitcoin and insert HIve. 
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[Source](https://www.osl.com/hk-en/academy/article/what-is-dlt-beyond-bitcoin)
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#### Body

## First, I want to explain why digital ledger technology is changing the world. Please focus on three things: 

#### First, Money is physical.
- So it can't travel in the virtual or non-physical world of the internet. 
- Because of this fact, any physical money transfer system, which uses the internet relies on trust.
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#### Second, cryptocurrencies like Bitcoin are not physical, they are virtual.
- So Bitcoin and Hive, being cryptocurrencies, can actually travel on the internet. 

#### Third, because cryptocurrencies like Bitcoin travel on the internet, they achieve immediate settlement, so they don't need TRUST.
- Bitcoin, HIve and other cryptocurrencies are not physical currencies, they are virtual.
- Because they are a virtual money, they can travel over the internet settle debts immediately. So you don't need TRUST. 

## Brief Comparison: Compare the Digital Ledger Money Transfer System versus the Traditional Finance Money Transfer System.

#### First Concept 
- We must understand that the Traditional Finance Money Transfer System can't actually transfer money over the internet. 
- The system can't do it because money is a physical thing, and you can't send physical things over the internet. 
- So in reality the current Traditional Money Transfer System  sends a **message**, which is a **promise to pay**. 
- The objective proof of this statement is the **Settlement Period**. 
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**Settlement Period**. 
- The Traditional Money Transfer system has a settlement period, which is the period of time two parties wait for the *Actual* Money Transfer to Occur, after the Original Money Transfer message or Promise to Pay. 
- This takes from 2 days to 30 days. 
- Two to thirty Days for the actual Money Transfer to happen, after the Original Money Transfer message happened.
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**Delayed Settlement**
-  This is actually called **delayed settlement** because it takes time: 2 to 30 days, for the actual TRANSFER of money, to catch up with the Promise to Transfer Money.

#### Second Concept
- When we send cryptocurrency tokens like Bitcoin or Hive, over a **Digital Ledger** like we are not sending a PROMISE to pay MONEY, we are sending MONEY. 
-  We know this is true, because when you get the **message** that someone sent you cryptocurrency, you also get the cryptocurrency. 
- This is called **Immediate Settlement** 
- The objective proof that Bitcoin or Hive are sent on a Real Money Transfer System, is that they have **Immediate Settlement**. 
- This is because with Digital Ledger Technology, the message is the money, and the money is the message.

#### Let me make this crystal clear.
- If I want to pay you ten Hive for a nice cold Coca Cola, I can send you ten using a QR code and you hand me the soda. 
- The transfer of money is not delayed, it is immediate. 
- So the settlement of my debt to you is immediate, and this is a True Money Transfer. System
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#### Concept Number Three
-  The Traditional Financial System is dependent of TRUST because the Money Transfer System doesn't transfer physical money, that is impossible. So it sends promises and receives promises.
- So the two parties conducting business must know and trust each other that promises today will be followed by money in 2-30 days. 
- If they don't know and trust each other, somebody else has to be the middleman, someone they both TRUST, who guarantees that promises made today, will be followed by money in 2-30 days. 
- These TRUST conditions are required for a country to have access to Global Money Transfer Systems,  like SWIFT for U.S. Dollars and EUROTRANSFER for EUROS. 
- This allows MONEY to flow freely between these TRUSTED entities. 
- This flow of money allows the countries in this system to flourish economically, and for their people to prosper. 
- But those countries who can't join these systems can't prosper, and their people live in poverty. 
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- ## Bitcoin Fixed This !!
- Digital Ledger Money Transfer Systems send MONEY, not PROMISES to PAY MONEY LATER.
- Digital Ledger Systems don't require TRUST between Two Parties.
- Digital Ledger Systems don't require a TRUSTED Middleman.
- Digital Ledger Systems are open to all countries. 
- So money can flow freely, countries can prosper, and poverty can be overcome.


## Last Words

- Pause to contemplate this simple truth about the Traditional Money Transfer System and the simplicity of the solution The Digital Ledger Money Transfer System.
- The Traditional Money Transfer System depends on TRUST, so if there is no TRUST, there is No Money, and No Money equals No Prosperity, and no prosperity equals Poverty. 
- The Digital Ledger Transfer System doesn't depend on TRUST, so there can be MONEY flows and there can be PROSPERITY.
- Bitcoin, the world's best known Virtual Money, fixes this, problem and makes the prosperity of countries excluded from traditional money transfer systems.
- Hive, a less known virtual money,  fixes this problem.
- The problem is that complicated, and the solution is that simple.

#### The End. 

#Thank #You #For #Reading #My #Post
  
 #### This post was written by @shortsegments 
 
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