A friend of mine got me into Pi as a Pioneer. Simply helped them test their network & got Pi credits as a result. Found out that a few weeks ago those tests I ran is now worth a few hundred. His tests & by getting dozens of friends like me involved got him over 1k USD in value IF he exchanged it on the market from his wallet.

I am no expert & my understanding is likely not accurate. That said, essentially crypto currency is a volatile market & tokens (pieces of tradable medium from work on various blockchains) can be stored in your personal wallet that can only be accessed with a secure password, usually a multiple word phrase. If you lose this Passphrase, you lose all access to those tokens in a truly secure blockchain & can never get them back until you remember/find your Passphrase (multiple phrase pass word).

Crypto can be, & likely is, used for trading things you don't want governments, or other individuals knowing about.

Crypto tokens (tradeable digital medium) are only worth what another person is willing to pay. So if some alphabet dirty agent needs to get funds over to a blackhat group, they may be willing to pay hundreds of times what the tokens are usually worth so they can get them traded fast. Same could be said about anyone who wants to try & launder funds.

Really the best part about crypto is the blockchain, where hundreds or thousands of CPUs (computer chips) all over the world can process fats facts/data to verify no one has changed the data that is being sent.

From a voting matching perspective. Imagine each vote is sent to 10 machines that anyone could join & allow to be processed on their own home computers. The process are sent out on a first availability , first sent protocol. Those 10 machines all verify that the vote is the same. If at any time the vote seems modified at all, then all 10 machines fail & that vote need to be resent to 10 new machines until the vote data is the same.

This prevents fraud in a distributed way.

Now because your machine (CPU) helped verify accurate data, you get a token for the good data & as a way to show your machine did good, uncorrupted work.

Every block chain has a potential to have tradable tokens offered. Similar to every country having their own currency being offered for some value.

Investing in "Crypto" is more about supporting this distributed verification technology than it is about making money IMO.

edit: fats > facts/data (noted above).

A friend of mine got me into Pi as a Pioneer. Simply helped them test their network & got Pi credits as a result. Found out that a few weeks ago those tests I ran is now worth a few hundred. His tests & by getting dozens of friends like me involved got him over 1k USD in value IF he exchanged it on the market from his wallet.

I am no expert & my understanding is likely not accurate. That said, essentially crypto currency is a volatile market & tokens (pieces of tradable medium from work on various blockchains) can be stored in your personal wallet that can only be accessed with a secure password, usually a multiple word phrase. If you lose this Passphrase, you lose all access to those tokens in a truly secure blockchain & can never get them back until you remember/find your Passphrase (multiple phrase pass word).

Crypto can be, & likely is, used for trading things you don't want governments, or other individuals knowing about.

Crypto tokens (tradeable digital medium) are only worth what another person is willing to pay. So if some alphabet dirty agent needs to get funds over to a blackhat group, they may be willing to pay hundreds of times what the tokens are usually worth so they can get them traded fast. Same could be said about anyone who wants to try & launder funds.

Really the best part about crypto is the blockchain, where hundreds or thousands of CPUs (computer chips) all over the world can process fats to verify no one has changed the data that is being sent.

From a voting matching perspective. Imagine each vote is sent to 10 machines that anyone could join & allow to be processed on their own home computers. The process are sent out on a first availability , first sent protocol. Those 10 machines all verify that the vote is the same. If at any time the vote seems modified at all, then all 10 machines fail & that vote need to be resent to 10 new machines until the vote data is the same.

This prevents fraud in a distributed way.

Now because your machine (CPU) helped verify accurate data, you get a token for the good data & as a way to show your machine did good, uncorrupted work.

Every block chain has a potential to have tradable tokens offered. Similar to every country having their own currency being offered for some value.

Investing in "Crypto" is more about supporting this distributed verification technology than it is about making money IMO.