Trump is right. Bitcoin, and cryptocurrency in general, are a scam IF you view it as an investment opportunity or get rich quick scheme. Using the word "scam" is hyperbole, but just know that it's value is all based on speculation; it's a gamble. Go open up a forex account if you wanna gamble with currency.
What makes cryptocurrency amazing is that it represents transactions of decentralized data -- blockchain. In a modern world where he who controls the data has the power, decentralizing the data levels the playing field.
Currency transactions on blockchain prevents central bank manipulation. Social media posts on block chain prevents mods from deleting/censuring posts. Elections run on blockchain can prevent votes from getting flipped. Lots of huge possibilities as the infrastructure goes mainstream.
Trump is right. Bitcoin, and cryptocurrency in general, are a scam IF you view it as an investment opportunity or get rich quick scheme. Using the word "scam" is hyperbole, but just know that it's value is all based on speculation; it's a gamble. Go open up a forex account if you wanna gamble with currency.
What makes cryptocurrency amazing is that it represents transactions of decentralized data -- blockchain. In a modern world where he who controls the data has the power, decentralizing the data levels the playing field.
Currency transactions on blockchain prevents central bank manipulation. Social media posts on block chain prevents mods from deleting/censuring posts. Elections run on blockchain can prevent votes from getting flipped. Lots of huge possibilities as the infrastructure goes mainstream.