This is part of why I find it strange so many people believe crypto is DS driven. Blockchain technology makes it much more difficult for the DS to hide their goings on and print money out of thin air, short stocks that don't exist (naked short), falsify or destroy documents, etc.
Yeah, there is no value in crypto currencies. The people who buy them are probably the same ones who saw value in beanie babies, as long as you didn't cut off the tag!
Coming from an ignorant dumbass who knows nothing about what they're talking about.
Cryptocurrencies are as big of an innovation as the internet. They are changing everything from supply chain tracking, deeds/ownership with NFTs, providing financial services and cutting out the bank middlemen, gaming, control of your data. Because of the unique business model possible with cryptocurrencies, companies are developing 6G internet WiFi towers in Africa and making it profitable, which isn't possible for Telecom giants in their present business model.
Block chain technology is like a referee that would take so much money/computing power to corrupt, it just isn't possible or worth it in any way.
Bitcoin has taproot coming out for privacy, you got privacy coins like zcash and monero that keep everything you do private, you have freedom with cryptocurrencies unlike this bullshit system of central and commercial banks that needs to be torn down and set on fire.
You are most likely a fed or a banker. The more unstable these pieces of shits make this world, the more people will buy cryptocurrency and the more you will lose power. China is reinstating their crypto ban because their whole real estate market is collapsing from Evergrande so they're trying to prevent Chinese from flooding into cryptocurrency again.
Not really. Proof of Work blockchain is backed up by electricity alone but proof of stake is valued on ownership.
Also there's several other lesser used proofs that can be used to back up the blockchain like proof of history, proof involving influential people, proof of memory using hard drive space, etc...
There are obvious pitfalls with these lesser used proofs but if you stack all proofs together in a blockchain, the blockchain would build more trust and be more secure overall.
Some coins have a limited supply, some don't and are minted when mined/etc. It depends on the coin. I love how people who have no understanding of crypto feel the need to flaunt their naivety on this subject.
Yeah dude you don't know anything about what you're talking about.
Proof of work cryptos are backed up on the blockchain using electricty. Its not neccesarily what gives them value. What you can do with the cryptocurrency is what largely gives it value.
This is part of why I find it strange so many people believe crypto is DS driven. Blockchain technology makes it much more difficult for the DS to hide their goings on and print money out of thin air, short stocks that don't exist (naked short), falsify or destroy documents, etc.
Where do you think crypto comes from? That's right, thin air.
The price of the crypto is based on what people will pay for it.
If you buy a shitcoin and lose your money, that's your own stupid fault.
Do your own research and learn what you're talking about, there are many valuable cryptocurrencies that bring value for their use.
Yeah, there is no value in crypto currencies. The people who buy them are probably the same ones who saw value in beanie babies, as long as you didn't cut off the tag!
The only one that's going to miss out is yourself.
Tell me, why is there no value in cryptocurrencies? Do you understand how Blockchain and Smart Contracts work? Have you done any research yourself?
Coming from an ignorant dumbass who knows nothing about what they're talking about.
Cryptocurrencies are as big of an innovation as the internet. They are changing everything from supply chain tracking, deeds/ownership with NFTs, providing financial services and cutting out the bank middlemen, gaming, control of your data. Because of the unique business model possible with cryptocurrencies, companies are developing 6G internet WiFi towers in Africa and making it profitable, which isn't possible for Telecom giants in their present business model.
Block chain technology is like a referee that would take so much money/computing power to corrupt, it just isn't possible or worth it in any way.
Bitcoin has taproot coming out for privacy, you got privacy coins like zcash and monero that keep everything you do private, you have freedom with cryptocurrencies unlike this bullshit system of central and commercial banks that needs to be torn down and set on fire.
You are most likely a fed or a banker. The more unstable these pieces of shits make this world, the more people will buy cryptocurrency and the more you will lose power. China is reinstating their crypto ban because their whole real estate market is collapsing from Evergrande so they're trying to prevent Chinese from flooding into cryptocurrency again.
It actually comes from electricity…
Not really. Proof of Work blockchain is backed up by electricity alone but proof of stake is valued on ownership.
Also there's several other lesser used proofs that can be used to back up the blockchain like proof of history, proof involving influential people, proof of memory using hard drive space, etc...
There are obvious pitfalls with these lesser used proofs but if you stack all proofs together in a blockchain, the blockchain would build more trust and be more secure overall.
All these things operate because of electricity still…well idk about proof of influential people but that sounds like a horrendous idea
Some coins have a limited supply, some don't and are minted when mined/etc. It depends on the coin. I love how people who have no understanding of crypto feel the need to flaunt their naivety on this subject.
I know what I'm talking about. They come from thin air. And as someone pointed out below, electricity.
Yeah dude you don't know anything about what you're talking about.
Proof of work cryptos are backed up on the blockchain using electricty. Its not neccesarily what gives them value. What you can do with the cryptocurrency is what largely gives it value.
They have achieved a digital item with scarcity, and are created on a fixed supply curve/schedule.
Just like the dollar currently. Lol.