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!
So you ask about the value of crypto currencies and then ask whether I understand blockchain and smart contracts. Notice I didn't say blockchain was worthless. Blockchain came out of the crypto currency work but isn't dependent on crypto currencies. It seems to have some usefulness, but as with bitcoin is way over hyped. And as far as I can tell, all the cryptography that used in blockchain had existed already so nothing really new there. Chaining the blocks together with a cryptographic hash such that you can't, or virtually impossible, change the ledger without breaking the cryptography is probably new.
So I would agree that Bitcoin is over hyped being as old as it is, the way the Bitcoin is governed for updates, its privacy isn't really there (until taproot), it doesn't have smart contract capabilities, and its hard as shit to program (wasn't built very well for updates).
But smart contracts are a real game changer that takes out all the middlemen of the finance industry and allow everyone around the world to have access to loans and finance products only available in countries like the US. That's a big deal, smart contracts will allow loans, insurance, contracts, for less fees than what we have today. It'll also be more inclusive worldwide, allowing a population to participate that otherwise wouldn't have been able to because of their corrupt government. So its cheaper and greatly expands the financial industry market, that's a big deal!
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.
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?
So you ask about the value of crypto currencies and then ask whether I understand blockchain and smart contracts. Notice I didn't say blockchain was worthless. Blockchain came out of the crypto currency work but isn't dependent on crypto currencies. It seems to have some usefulness, but as with bitcoin is way over hyped. And as far as I can tell, all the cryptography that used in blockchain had existed already so nothing really new there. Chaining the blocks together with a cryptographic hash such that you can't, or virtually impossible, change the ledger without breaking the cryptography is probably new.
So I would agree that Bitcoin is over hyped being as old as it is, the way the Bitcoin is governed for updates, its privacy isn't really there (until taproot), it doesn't have smart contract capabilities, and its hard as shit to program (wasn't built very well for updates).
But smart contracts are a real game changer that takes out all the middlemen of the finance industry and allow everyone around the world to have access to loans and finance products only available in countries like the US. That's a big deal, smart contracts will allow loans, insurance, contracts, for less fees than what we have today. It'll also be more inclusive worldwide, allowing a population to participate that otherwise wouldn't have been able to because of their corrupt government. So its cheaper and greatly expands the financial industry market, that's a big deal!
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.
Then some pissed off tradie takes out the power and I still got metals
You sure do buddy! Are you going to scrape off that gold for every trade you make?
Point taken but people got wealthy on tulips, Pet Rocks, & timeshares too, fad vs. trend.