Crypto is an application built on top of a real piece of technology known as “blockchain”. They are cryptographically-secured ledgers. When done right they are:
Distributed. More individuals running the network makes it more secure.
Immutable. Nobody can change the records written in the ledger without controlling more than half of the network.
Public. Everybody can see every transaction tied to cryptographic “wallets”.
To add.. Cash has value because at some point we had trust in it being backed by gold which has real value. With bitcoin specifically, it has a finite supply and needs to be digitally mined to produce that supply. It is digital gold, verified by a cryptographically-secured, distributed, immutable, public ledger. I see more value in that than in cash.
It has no real value as does precious metals.
Crypto is a ponzi cabal asset to pull in cash that people should be investing in physical assets and then they will let it tumble.
The value lies in the blockchain more than in the crypto application built on top of the blockchain. Stop looking at it like it is an investment and you might understand what I am talking about. A decrepit house has value when looked at from the perspective of a homeless person, but little value when looked at from the perspective of a rich person. Everything has value. Crypto just has no value to you.
Crypto is an application built on top of a real piece of technology known as “blockchain”. They are cryptographically-secured ledgers. When done right they are:
To add.. Cash has value because at some point we had trust in it being backed by gold which has real value. With bitcoin specifically, it has a finite supply and needs to be digitally mined to produce that supply. It is digital gold, verified by a cryptographically-secured, distributed, immutable, public ledger. I see more value in that than in cash.
It has no real value as does precious metals. Crypto is a ponzi cabal asset to pull in cash that people should be investing in physical assets and then they will let it tumble.
The value lies in the blockchain more than in the crypto application built on top of the blockchain. Stop looking at it like it is an investment and you might understand what I am talking about. A decrepit house has value when looked at from the perspective of a homeless person, but little value when looked at from the perspective of a rich person. Everything has value. Crypto just has no value to you.
Apparently not.