Why Do We Even Need Cryptocurrencies?

in cryptocurrency •  7 years ago 


In this video, I answer the question of why we need cryptocurrencies. I cover the history of cryptocurrency and why they were created as a result of having to deal with trusted third parties. I explain how crypto undermines trusted third parties and why crypto is revolutionary technology. I also go over the difference between a push versus pull system, plus the inherent weakness of centralized exchanges in the crypto ecosystem.

Error correction: I meant to say the Cypriot banking crisis was in 2012


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liberty :)

  ·  7 years ago Reveal Comment

Nice video brother. Thank you for taking your time to explain the basics. I am rooting for the world without fiat during my lifetime!! Our children will grow up in a better world! DECENTRALIZATION is the key to FREEDOM! <3

Very articulate, this red-neck from Arkansas even gets it. Thanks for the education, peace, JerryT.

  ·  7 years ago (edited)

Now I understand so many things about crypto..im happy to watch your video, keep it up man..ill be on the outlook for your next post

good presentation but i do you think this need will be overruled by the countries law ?

Nice work, thanks

This is lovely Sir. Weldone Bro.

Such a nice post!! Thank you boss. Keep it up!!

a great post for enlightenment for us as novice steemians.

With this I think I have a better understanding of crypto currency and why we need it. Thanks for sharing

your video clip as well as your gesture has taught some of us on how to go about concurrency. thanks for that. nice job bro

decentralised future looks bright,

The benefits of your video about cryptocurrency and of useful knowledge diffused through our steemit community.

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  ·  7 years ago (edited)

To be honest, there are two type of cryptocurrency users. 1) Those who want to hide their money in order to avoid tax or clear illegal money (money laundering)
And 2) Those who want to earn easy money and fast.
We all say that it is for fast transaction or avoiding transaction commissions but in reality it is bulshit. Somehow deep inside your heart you are one of these two type.

https://d.tube/v/tubles17/5gpqgfuu

Konten anda sangat bagus Lihat video saya juga terimakasih

  ·  7 years ago Reveal Comment

You have been identified as a Steem network abuser and have been flagged accordingly. Please behave.

watchout u might get flaggedby this guy :p

  ·  7 years ago Reveal Comment