Viewing a response to: @arsenal49/what-the-heck-is-a-cryptocurrency-a-study-made-by-a-noob-for-a-noob-part-1
Love the ron burgundy clip! Start with comparisons. I'll use US Dollars (USD)/Bitcoin (BTC) Media = Paper/Digital Supply = Gov/Science Person 2 Person transfer = Physical/Computers transfer processing = Banks/Miners processing payments = Bank fees/Bitcoin Value = Confidence/Confidence Security = Physical/Crypto (ever increasing encryption, aka blockchain) Policy = Government/Transparent Science There's probably many more comparisons to be made but basically if you trust governments and the people that run them then stick with fiat currency (paper money). I trust scientific code that is public.
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| author | sireland |
| permlink | re-arsenal49-what-the-heck-is-a-cryptocurrency-a-study-made-by-a-noob-for-a-noob-part-1-20170525t150824399z |
| category | cryptocurrency |
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Thank you! I might use that in the next one!
| post_id | 3,053,462 |
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| author | arsenal49 |
| permlink | re-sireland-re-arsenal49-what-the-heck-is-a-cryptocurrency-a-study-made-by-a-noob-for-a-noob-part-1-20170525t165503276z |
| category | cryptocurrency |
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