'Cryptocurrency & Money's Uselessness. Chapter 3 - Blockchain, DAPP And Cryptocurrency (Part 3)

Below is a draft of a book that i have started writing. It will be the first book released from the Macrohard hub and will begin the process of enhancing the curriculum of 'legitimate illiteracy', the basis of an entire school that i have created, that everyone can school in.

By means of this book, i will incorporate 'legitimate illiteracy' with 'cryptocurrency', introducing is mix among participants of the Macrohard hub. Where copies of the books are sold, it will intimate the world about 'cryptocurrency' in a legitimate illiteracy way and proceeds from sales will go towards the evolution and sustenance of the Macohard hub. The Macrohard hub is currently located in the Philippines.

The video below, was recorded at the Macrohard hub and on it, i started the inception of this book:

I am trying to recover a bit from the passing of my dad. I didn't play my role as son enough and it haunts me. This book will be dedicated to my parents. By its means, may i make them proud a bit and heal in turn.

Your boy Terry

@surpassinggoogle

Cryptocurrency

A 'digital currency'.

In this segment, we will dissect the term ‘Cryptocurrency’, simplifying it to your understanding.

Well, we have begun the process by dissecting the term ‘Blockchain’.

Un-coincidentally, in our effort to explain ‘blockchain’, we mentioned ‘cryptocurrency’ many times.

Whether you want to create, interact or transact in cryptocurrency, let us establish that ‘it is as difficult as 1, 2, 3’.

Today, the average user associates ‘cryptocurrency’ to its 'financial value', without cognizance of its utilities or underlying ‘blockchain technology’.

You are no longer an average user though as you are on a journey to creating your own cryptocurrency.

Plus, you already know that ‘there is ‘Bitcoin or BTC’ (the cryptocurrency) and there is 'Bitcoin' (the blockchain)’.

 

Starting out on the URL ‘coingecko.com’, a website that ranks cryptocurrencies based on their financial value, you’ll find a list containing ‘5,994 cryptocurrencies’. Each of these cryptocurrencies is a product of a blockchain.

To qualify as a cryptocurrency, a currency needs to possess the ‘cryptographic’ property of a blockchain. Its transactions need to be recorded too; on a blockchain!

As we reiterated in the earlier part of this chapter, a blockchain needs its own cryptocurrency to function properly. 

For instance, the Bitcoin blockchain, which was created primarily to cater to the industry of financial services has a native cryptocurrency called Bitcoin (BTC), which is used to reward ‘miners’ for their work in producing blocks for the Bitcoin blockchain.

‘100%’ of the Bitcoin cryptocurrency in existence today was mined to reward these miners, either in the form of ‘miner-rewards’ or ‘miner-fees’.

Similarly, the Hive blockchain also has its native cryptocurrency called ‘HIVE’. 

Modeled to cater to the industry of ‘social media’, 100% of the HIVE cryptocurrency in existence today, was minted to reward social transactions that occurred on the Hive blockchain.

To stamp this in, let us invent and play with another scenario. Let us assume that you are at an ‘online merchant’ and you are about to check-out i.e ‘pay for your fish’ which costs '20$'. 

The merchant allows you to pay in cryptocurrencies, in either ‘HIVE’ or ‘BTC’ and you have only '20$' worth of either cryptocurrency. Which cryptocurrency would you pay with?

Well, the Bitcoin blockchain says that ‘a BTC cryptocurrency transaction must have corresponding fee’, while the Hive blockchain says that ‘a HIVE cryptocurrency transaction can execute without fees’. What do you say? HIVE or BTC?

It is now easy to establish that cryptocurrencies generally inherit the characteristics of their parent blockchain.

Basically, cryptocurrencies operate within the premise of what their parent blockchain allows.

Why is the above information valuable?

Well, the ability to ‘create a cryptocurrency’ is another revolutionary feature offered by ‘blockchain’ but not every blockchain offers this feature.

For instance, you can't ‘create a cryptocurrency’ on the Bitcoin blockchain but you can ‘create a cryptocurrency’ on the Ethereum blockchain.

The Ethereum blockchain, another old blockchain, arrived after ‘Bitcoin’ to innovate a blockchain that possesses computing capabilities. It accomplished this by adding a layer to its blockchain called ‘smart contracts’ (i.e ‘contracts that can self-execute according to a set of rules as programmed’.)

A result of this unique functionality is the ability for anyone to ‘create an Ethereum-based cryptocurrency’. 

Too, using a ‘smart contract’, anyone can customize the functionality of their Ethereum-based cryptocurrency, making it unique. 

Altogether, your Ethereum-based cryptocurrency is bound to retain some traits from its parent blockchain; the Ethereum blockchain.

As you will find out in chapter 5, when we tackle the subject of ‘creating your own cryptocurrency’; it is tangible to understand the characteristics of a variety of blockchains before choosing the blockchain to ‘create your cryptocurrency’ on.

Now that you have identified that each cryptocurrency needs a blockchain upon which to function, let's talk about the ‘cryptocurrency wallet’.

Each cryptocurrency needs ‘storage’. Cryptocurrencies are quite finite. This means that ‘cryptocurrencies can be held’. It should be known ‘who holds what’.

For instance, you can determine how much of the HIVE cryptocurrency I currently hold by visiting ‘https://wallet.hive.blog/@surpassinggoogle’.

The afore-stated ‘URL’ avenues to my ‘HIVE wallet’. 

Well, this ‘HIVE wallet’ is only mine when i can prove ownership of it and you can't. 

To prove ownership of this wallet, I simply need to login with the right ‘login-credentials’.

If I lose my ‘login-credentials’ to you, you can take ownership of my ‘HIVE wallet’.

The Hive cryptocurrency wallet is unique in its approach to ‘generating ‘login-credentials’ for its users’.

To enable you to prove ultimate ownership of your ‘HIVE wallet’, the Hive blockchain generates and provides you with ‘an ultimate password’, during the process of creating your wallet. 

While you can log directly into your HIVE wallet using this ‘ultimate password’, accessing all aspects of your wallet, you can also use it to generate ‘extra keys’. One such key is a ‘private key’. 

Your ‘private key’ is also sufficient for ‘logging into your HIVE wallet’, to access its ‘transactional functionalities’ such as ‘transfers’ but it does not have as much authority as your ‘ultimate password’. For instance, your ‘private key’ can’t generate ‘extra keys’.

As such, you can back-up your ‘ultimate password’ in safety, someplace offline, accessing your HIVE wallet with your ‘private key’ instead.

This luxury security feature offered by the Hive blockchain works!

Assuming that I lost my ‘private key’ to you and you are able to access my ‘HIVE wallet’, in a bid to tamper its funds, I can evoke my ‘ultimate password’ and use it to generate a new ‘private key’, interrupting your access to my HIVE wallet.

‘The sophistication of a cryptocurrency is very dependent on the general characteristics of its parent blockchain’. 

Thus, in the process of creating a cryptocurrency, it is important to understand how its parent blockchain works.

Returning to the ‘Hive blockchain’, if i were to create a ‘Hive-based cryptocurrency’ called 'ULOGS' and customize it to my taste, each ‘ULOGS wallet’ would retain that luxury ‘security feature’ mentioned earlier, that allows users to access their Hive-based cryptocurrency wallets, using a ‘private key’.

Taking you to the ‘Ethereum blockchain’, if you were to create your cryptocurrency on the ‘Ethereum blockchain’ (a blockchain modeled to cater to the industry of ‘financial services’ and ‘smart contracts’), your cryptocurrency is likely to transact with fees. On the Ethereum blockchain, ‘transactions’ are associated with ‘fees’.

Semi-conclusively, if you intend to customize your cryptocurrency into ‘sophistication’, you may need to look for a blockchain that is not ‘overly sophisticated’. Un-ironically, you may need to research ‘a blockchain’ that welcomes ‘unconventionality, evolution and sophistication’.

At this stage, let us visit the cryptocurrency ‘BTC’ once again! Even though this cryptocurrency was created to cater to the industry of ‘financial services’; do you think you can formulate additional utilities for ‘BTC’, having considered its characteristics?

In trying to answer the above question, many more utilities have been discovered for ‘cryptocurrency’ today.

As highlighted in chapter 2, even as a currency, while cryptocurrency can replicate the tenets of traditional money, it doesn't have the limitations of ‘money’.

As a form of ‘money’, a cryptocurrency can be customized and turned into ‘your very own money’!

Speaking of ‘the BTC cryptocurrency’, let us look at it once again, this time with a bit of ‘legitimate illiteracy’!

‘BTC’ can be interacted with by anyone, without interference; can’t it? While people may measure its value, in terms of ‘bulls or bears’ for instance, is it out of question that I or you added another dynamic into the ‘bulls or bears’ narrative, evolving a ‘hybrid index’ for analyzing ‘BTC’; one based on ‘humans’?

It is on this very ‘unconventionality’, that 'cryptocurrencies' and ‘BTC’, find even their superficial value and in-depth power. Being that ‘cryptocurrencies’ are generally ‘decentralized in nature’, anyone can interact with it in ‘a variety of ways’ and without interference. 

As such, each cryptocurrency can begin to attain its own identity, one separate from that of ‘money’. One’s cryptocurrency can be shaped into ‘one’s own money’.

‘Traditional money’ is tied! Its very ‘dynamics’ is tight; modeled it was to ‘tie its users’. 

It wasn’t modeled with ‘your face on it’! It didn’t take cognizance of ‘full-blown humans’. It’s very nature is ‘predictive of humans’; formulated it was to curb their ‘predicted behavior’.

They will scam, they will toil, they will spoil; let us capture them, cut their wings, lock them into a ‘rat race’. Let us sever their ‘human capabilities’! May they behave within the premise of a ‘boolean’; ‘bull or bears’.

‘Money’ was modeled to ‘tie its users’, why be tied by it when you can formulate ‘your own money’, with its very own dynamics.

It is no coincidence thus, that today, even though a cryptocurrency like ‘BTC’ is valued as ‘money’, it transcends the ‘limitations of money’ in its behaviour. Humans have room to flourish in their expenditure of ‘BTC’, their ‘human capabilities’ and ‘unconventional abilities’ intact. 

Barter-likely, the price of ‘BTC’ may rise out of hand today, because some ‘BTC holder’ may decide to swallow away access to his wallet, to lock ‘500,000 BTC’ away from ‘BTC’s circulating supply’ forever, inciting a market action that or someone may decide to only give

Can you give away ‘5,000 BTC’? I can! If you didn't know; you can too!

In 2010, someone exchanged ‘10,000 BTC’ for ‘2 PIZZA(s)’. 

Kobo-less once (referring to a 'once' that was ‘years-long’), I had had a certain cryptocurrency called 'STEEM', ‘450,000$ worth of it’ and I had held it; I didn’t spend it!

Today, I have ‘less than 100$ worth of STEEM' left as seen on 'https://steemitwallet.com/@surpassinggoogle'. 

Did I lose it? Did I lose? 

Well, I had this same ‘STEEM’ once, when it was ‘$0.069192’ in value! So, have I lost?

I am here now, meeting ‘you’, a fellow human; a rendezvous of humans. I am in the spirit, you arrived here, you are tapped into my spirit and I am tapped into yours; the reflection of a Supreme Being!

Have I really lost?

Bottomline, once you can create it, yours of it; ‘money’ is naught.

Altogether, perceiving ‘cryptocurrencies’ as something different from ‘money’ and you may begin to interact with it in ‘unconventional ways’, uncovering unconventional and untold ‘revolutionary utilities’ for ‘cryptocurrency’. 

In the process, your outlook of ‘money’ will adjust and well, your mentality too!

In a world filled with ‘full-blown humans’, money is the ‘smaller things’. @surpassinggoogle.

At this stage, let us also differentiate ‘a cryptocurrency’ from ‘a digital currency’.

While cryptocurrency falls in the category of a ‘digital currency’, it possesses tenets that makes it different; that makes it a ‘cryptocurrency’. 

Ultimately, a cryptocurrency requires a blockchain to function and a blockchain is ‘cryptographically-modeled’.

Adopting properties of its parent blockchain, a cryptocurrency is typically ‘decentralized’ in nature.

The concept of ‘digital currency’ may have existed before the concept of ‘cryptocurrency’. For instance, some games have native ‘digital currencies’ which are exchangeable for ‘in-game gems’ (another digital item). In effect, a ‘digital currency’ may not be a ‘cryptocurrency’.

The term ‘digital’ in this context is mostly a generic term for ‘something that isn't physical’. 

Legitimate-illiteracy-wise, we can now say that ‘a cryptocurrency is quite digital but it can become ‘physical’ in course of ‘an exchange’.

Didn't we say that cryptocurrencies are ‘decentralized’ in nature? 

Among other things, this means that ‘anyone can possess a cryptocurrency’ and interact with it whether they are ‘banked or unbanked’. Doesn't this suddenly mean that anyone can exchange or trade ‘cryptocurrencies’ without needing the authorization of a ‘central authority’ and without inference? It suddenly does!

In an open ‘barter-like’ market, a cryptocurrency-holder may decide to part with his ‘cryptocurrency-holdings’ in exchange for another ‘cryptocurrency’ or ‘FIAT’ (money). By extension, a cryptocurrency-holder, may decide to exchange his cryptocurrency for a physical item or a service. 

Unlike ‘trade by barter’ though, where people had to constantly seek ‘who wants what’, these days there is a public blockchain containing verifiable evidence regarding ‘who holds what’ and a host of ‘decentralized applications’ (i.e ‘DAPPs’) that rendezvous people who want to barter in a ‘peer-to-peer’ fashion; simplifying matters!

Setting into motion another utility for cryptocurrencies; a gateway cryptocurrency!

Even an old and quite rigid cryptocurrency like ‘BTC’ possesses this utility.

For instance, today, people are readily willing to accept ‘BTC’ and give away their ‘FIAT’ in its stead; an ‘exchange’!

‘Give me your digital ‘BTC’ and I will give you my physical ‘money’ e.g ‘BTC/PHP’, ‘BTC/NGN’, ‘BTC/POUNDS’ etc.

On this same basis, ‘BTC’ has become a popular gateway into other cryptocurrencies too.

Give me your BTC and I will give you my other digital currencies too e.g ‘BTC/HIVE’, ‘BTC/LINK’, ‘BTC/POLKADOT’ etc.

As seen above, ‘BTC’ has become a popular pair with other ‘cryptocurrencies’ and against ‘FIAT’. Its popularity as a tangible ‘financial gateway’, constitutes a utility.

 

To further expatiate on this, let us invent a playful scenario…

‘Ajayi's Kitchen’ only accepts ‘BTC’, catering to a demographic location made up of ‘customers who are unbanked'. 

To purchase ‘oil-less Akara’ (a special delicacy that is only available in ‘Ajayi's Kitchen’), a customer who has ‘NGN’ (i.e ‘Nigerian Naira’) has to purchase some ‘BTC’ first, enabling him to financially transact with ‘Ajayi's Kitchen’.

On the other hand, a customer who only has ‘HIVE’ (another cryptocurrency) has to exchange his ‘HIVE’ for some ‘BTC’ first, enabling him to financially transact with ‘Ajayi's Kitchen’.

In both cases, it is evident that ‘BTC’ had the utility of a ‘gateway’ cryptocurrency.  

Another deduction from the above scenario is ‘an exchange between a cryptocurrency and another’ is easier than ‘an exchange between a cryptocurrency and FIAT’.

While the former can easily occur in a peer-to-peer fashion, the latter may involve a third-party!

Somehow today, ‘third-parties’ have begun to permeate the ‘cryptocurrency markets’ that can ideally function ‘peer-to-peer’. 

The sector of ‘cryptocurrency’ is relatively young and not everyone accepts ‘cryptocurrencies’ as the perfect ‘store of value’. As such, ‘cryptocurrencies’ today are still valued in terms of their ‘FIAT’ equivalent.

For instance, ‘1 BTC’ today is priced at ‘15,569.88 USD’.

Alas, not everyone has enough ‘FIAT’ on their own, to sustain the demand for cryptocurrencies; leaving avenue for ‘central entities’ to come in to ‘fill the gap’.

These central entities can take the form of a ‘centralized cryptocurrency exchange’.

While being a ‘cryptocurrency exchange’, these exchanges are owned by individuals and exist as companies.

They may play the role of providing tools that simplifies that process of ‘exchanges’ among cryptocurrencies, also providing an easy gateway between ‘cryptocurrencies and FIAT’.

One such centralized exchange is Binance.com!

With the aforementioned comforts however, there are some limits! For instance, while you can exchange the entire ‘5,000 BTC’ seated in your personal cryptocurrency wallet into FIAT, without interference; a centralized exchange may require you to associate your identity with such a large transaction, in a process called ‘Know Your Customer’ and they can!

In actuality, whatever cryptocurrencies you hold on a ‘centralized exchange’ is no longer in your possession. 

For comfort-sake, a centralized exchange designates a wallet to you, associated with your user-profile, for as many cryptocurrencies as you want; ‘wallets’ that they can access!

To complete an ‘exchange’ on 'Binance.com' (a centralized exchange), the process begins with ‘signing into Binance.com’ and making a deposit of your cryptocurrency into your Binance account.

Assuming that you wanted to trade ‘10 BTC’, desiring to take advantage of Binance's ‘vibrant market action’ (i.e ‘market volume’), you will need to have transferred ‘10 BTC’ from your personal BTC wallet, to a BTC wallet-address that Binance provides you, making them part-custodians of your funds.

Consequently, to effect a transaction involving your ‘10 BTC’, now in the custody of ‘Binance’, you will need some form of permission from them, starting with the process of ‘signing into your Binance account’.

This is to say that ‘you can store or hold your cryptocurrencies in a personal wallet, one that only you can access’ or ‘you can store it on a centralized exchange, one that may require you ‘third-party authorization’ to access’.

Now that we have established that there are ‘centralized cryptocurrency exchanges’, are there ‘decentralized cryptocurrency exchanges’ too? 

‘Binance’ has one on 'https://www.binance.org'.

Such an exchange needs a blockchain to run and the Binance company possesses a blockchain too! Well, their blockchain has a native cryptocurrency too, called ‘BNB’.

With all these extra layers, Binance can run a ‘centralized exchange’ in conjunction with a ‘decentralized exchange’ fulfilling all the needs of ‘cryptocurrency-traders’.

How about cryptocurrency-holders then? Where can they hold their cryptocurrencies safely? Well, there are ‘decentralized cryptocurrency wallets’ to cater to them. 

These days, there are even mobile ‘DAPPs’ (i.e ‘decentralized applications’) optimized with ‘hundreds of cryptocurrency wallets’, enabling your store as many cryptocurrencies as you want. You can one here 'https://www.binance.org'

Contextually or un-contextually, "HODL" is becoming another underlying ‘utility’ for cryptocurrency, especially in the case of more popular cryptocurrencies, like BTC, ETH, USDT etc.

Considering all the highlighted properties of BTC for instance, one may want to save their 'FIAT' in the form of 'BTC', for the sole reason that they consider ‘BTC’ safe, tamper-proof and private.

Aren't there people today who still save their money in dug ‘holes’ or at home in the presence of ‘banks’? Far-fetched?

Now, if a person prefers to save their ‘FIAT’ in the form of ‘a cryptocurrency that is pegged to the USD’ and they convert their ‘USD’ into ‘USDT’ and store this ‘USDT’ in a personal ‘USDT’ cryptocurrency wallet that they control, rather than a ‘centralized’ bank; is that too bizarre?

At this stage, let us highlight that while cryptocurrencies are generally ‘decentralized’ in nature, they have to maintain their ‘decentralized’ nature. 

Over the course of time, ‘Bitcoin (BTC)’ has grown more decentralized. As its blockchain grows, it becomes more complex to tamper. As ‘BTC’ reaches more hands, its ‘value’ becomes more complex to manipulate.

It is important to research each cryptocurrency that you choose and one direct way of doing this is by interacting with various cryptocurrencies.

As seen, cryptocurrencies are generally modeled to evolve and you have a role to play in that evolution based on how you interact with cryptocurrencies. Bringing us to an unpopular ‘utility’ for cryptocurrency; ‘its interact-ability’.

Some people access ‘cryptocurrencies’, simply to interact with it. I have! I constantly do!

Even where I have ascertained that a cryptocurrency is financially bound to crumble, I could purchase it, for the sole reason of interacting with it and its parent blockchain. Yes, some cryptocurrencies are that interesting to explore, irrespective of their financial value.

For instance, lately, how would i have known how to use a certain ‘cryptocurrency-related tool’ called ‘Uniswap’ (‘https://uniswap.org’)? I read about it? Doubt that thrice!

I purchased some of the ‘cryptocurrencies’ present on it, irrespective of their ‘financial dynamics’ and in the process of interacting with each of these cryptocurrencies, interacted with the ‘Uniswap tool’ respectively, 

Once again, you may say that ‘i lost’ (in financial terms) but did i? By means of this ‘simple-looking tool’, I CCTV-ed further into the ‘true state of the world’, accessing ‘humans’ in a ‘peer-to-peer’ fashion; spiritual!

In turn, I became abler in formulating ‘cryptocurrencies and cryptocurrency-related projects’ modeled to ‘restore value to humans’. 

Once recently, I formulated a ‘cryptocurrency-related project’ called ‘cryptoulogs’, which you can read about on ‘https://bit.ly/cryptoulogs’.

Altogether, did I really lose financially? Recently, the ‘Uniswap’ project created a ‘native cryptocurrency’ called ‘UNI' and they decided to ‘airdrop’ this ‘UNI’ cryptocurrency among many users of the ‘Uniswap tool’. 

I was deposited ‘400 UNI’ and the price of ‘UNI’ rose to an ‘all time high of 8$’. 

Selling my ‘400 UNI’ during this period would have given me some ‘3,000$’ in turn. Did I sell my ‘UNI’ holdings?

It is currently valued at ‘2.33$’. Have I sold my ‘UNI’ holdings yet?

Money is the ‘smaller things’!

Expatiating further on the subject of ‘cryptocurrencies’ and ‘its utilities’, did you know that you can transfer ‘the influence’ associated with a certain cryptocurrency called ‘HIVE’, to another user, while keeping your ‘HIVE holdings’ intact?

Imaginable?

Recall, when we mentioned that a holder of ‘the HIVE cryptocurrency’ can stake their ‘HIVE holdings’ (i.e ‘vest it into the Hive blockchain’) and that ‘staking their HIVE’ gives them some influence on the governance of the Hive blockchain e.g influence on the rankings of ‘block producers’ for the Hive blockchain? 

Well, did you even know that staking one’s ‘HIVE holdings’ also gives a user a measure of ‘influence’ over the overall distribution of Hive’s daily ‘reward-pool’ (referring to ‘newly-created HIVE’), meaning that ‘proportional to the size of your HIVE stake’, you distribute ‘HIVE’ to other users, without actually spending your own ‘HIVE’?

Does this suddenly mean that you can pay for a service in the ‘HIVE’ cryptocurrency, without actually spending any portion of your HIVE-holdings?

Now, imagine being to transfer this ‘influence’ to others, allow others to make use of the influence associated with your ‘cryptocurrency’, while you keep your ‘cryptocurrency holdings’ intact. 

Aren’t we still on the subject of cryptocurrency's interact-ability? May I have found out these things about the ‘HIVE’ cryptocurrency by doing research or did I just un-tell these ‘HIVE’ attributes on the basis of ‘HIVE’s interact-ability’ and my interaction with it?

Isn’t it still shocking to you that I can help you earn your first ‘HIVE’ cryptocurrency, without actually transferring my ‘HIVE’ into your wallet? 

Do you know that you can apply the ‘HIVE’ cryptocurrency to the above effects, independent of its ‘financial value’?

To shock you further, imagine building your dream project, without spending a dime, by simply spending your time! 

Hasn’t the ‘traditional financial systems’ dispelled the narrative ‘time is dime’ today? Alas, ‘time re-became dime’!

Obtain your Hive blockchain account on ‘https://hive.blog’, log into ‘https://hive.blog’ constantly, begin to apply ‘your time’ (ensure that it is ‘your very own time’) on it by social interacting with others, earn ‘HIVE’ from these social activities involving ‘your time’, continually stake each ‘HIVE’ that you earn. 

Are you ready to begin the process of building your ‘noble dream’? Does it cost a dime?

Well then, don’t spend your ‘HIVE’, pay with the ‘influence’ associated with ‘HIVE’ stake instead. You just paid with ‘your time’.

Did i mention earlier, that i had a cryptocurrency called 'STEEM' that rose to a value of ‘450,000$’? I had earned most of it! I didn't purchase it.

To puzzle out the characteristics of certain cryptocurrencies and ascertain the extent of their functionality within the eco-sphere of their parent blockchain, you may need to access and interact with these cryptocurrencies. Some you can earn free, some you can be given free, some you may have to purchase.

Now, if losing out on ‘money’ (certainly not ‘your money’) in the process of interacting with ‘cryptocurrencies’ still scares you, it is time to begin interacting with ‘money’ in ‘unconventional’ ways e.g ‘stare at money till it loses its gaze and it will come to Papa’!

To use certain features of some blockchains, you need to own their native cryptocurrency. For instance, to avail of a feature of the Ethereum blockchain, that allows one to create ‘an Ethereum-based cryptocurrency’, you may need to pay some ‘fees’ (priced in ‘ETH’). This means that, even if you were willing to ‘100,000,000$’ to avail of this feature, the Ethereum blockchain says ‘you are not your money’.

Did we just further broaden the context for ‘decentralization’ within the world of cryptocurrency’. You may avail of a certain luxury in today's painted world, if you can ‘show it the money’ but you can’t avail of certain luxuries across a cryptosphere by ‘showing it the money’. Isn't ‘money’ unrealistically useless at times? Is the dynamics behind ‘generic money’ that great after all, if it isn’t functional across all interfaces? 

Indeed, unlike 'traditional money', a cryptocurrency can continue to retain its intrinsic value, even when its financial value crashes.

As a legitimate illiterate, I played out various scenarios in this segment, to leave a hint at the fact that even though 'cryptocurrency’ is quite revolutionary on its own, can only attain its ‘revolutionary’ status, by virtue of how humans interact with, else it can fade and become ordinary, like ‘technologies’ before it. This applies to ‘blockchain’ too!

Cryptocurrencies are quite underused till date. It favors me to implore you to undertake the understanding of it. Perhaps in the process of this undertaking, you will invent a cryptocurrency that further highlights the ‘unconventional properties’ of blockchain, improving its potency in ‘returning value to humans’, while relegating the role of ‘money’ in society to that of the 'smaller things'; a cryptocurrency that succeeds whether ‘bulls or bears’ because humans are involved.

At this stage, assuming you still seek 'money’ largely, let us answer your question before you ask it. Yes, you can make ‘billions of money’ in cryptocurrency’! 

Indeed, whether you intend to make it ‘for free’, ‘earned’ or ‘in trades’, you can make ‘billions of money’ in cryptocurrency.

How so? 

To answer that, let us quickly heighten the context for the concept of ‘decentralization’ (a fundamental concept in ‘cryptocurrency’) to a height of ‘6ft5’ and ask this you this question; ‘since humans are in fuller control of their human capabilities in the midst of a ‘cryptocurrency-barter’, is there an atom of possibility, that you are met with an exchange-proceeding that accepted your ‘50$’ for ‘150,000 BTC’?

Mute-time!

Ofcourse, you can earn cryptocurrencies for free too. Way earlier, I had spoken of having earned ‘BCH’ for the first time. Way lately, I spoke of the ‘Uniswap’ example, in which I unexpectedly received an airdrop 400 ‘UNI’ tokens.

At the very least, you can create your very own cryptocurrency and become a billionaire in it and we are on a journey that will help you in the process of creating it.

I did create my own cryptocurrency. I have formulated most of its tenets and paradigms, each algorithm too as we will see in chapter 4.

To prepare you for chapter 4, let me say that the model behind my cryptocurrency is called ‘proof of tears’, to reward the art of ‘mining the human’. 

Eventually, I will have one primary cryptocurrency called ‘TEARDROPS’.

Leading up to ‘TEARDROPS’ in the process of identifying a suitable blockchain for the ‘TEARDROPS’ cryptocurrency, I created a cryptocurrency called ‘MARLIANS’ on a blockchain called ‘STEEM’. 

Evolving ‘MARLIANS’ and distributing it according to a ‘proof of tears’ reward-distribution mechanism, I am to enhance the eventual dynamics of ‘TEARDROPS’.

Since i haven't created my own blockchain yet, i had to look for a blockchain that was specifically built to cater to the sector of ‘social media’, one upon which i could implement a reward-distribution mechanism based on ‘proof of tears’. The ‘STEEM’ blockchain offers a viable blockchain to experiment with. As such, the project ‘https://www.marlians.com’ started on the Steem blockchain.

Today, different blockchains can interoperate. This means that I can get the project ‘https://www.marlians.com’ (and its native cryptocurrency ‘MARLIANS’) to function on another blockchain or share features from two different blockchains.

In eventuality, I intend to move my cryptocurrency-related projects to the Hive blockchain as it is becoming the most suitable option for implementing a ‘reward-distribution’ mechanism based on ‘proof of tears’.

In the mix, even as a ‘legitimate illiterate’, I have begun the formulation of my very own blockchain.

Your boy ‘Terry Ajayi’, whether bulls or bears.

Your boy Terry, whether bulls or bears.

I will soon resume fuller activity. I was able to bury my dad some 22 days ago, after 17 days past since he passed.

Join my Telegram: https://t.me/joinchat/GtfUvhoqQkW5U9EGboRGMw

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