Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: aMorePerfectUnion

I am so lost in all of this.


4 posted on 05/14/2021 4:17:25 PM PDT by Huskrrrr (Pronouns? I need no stinkin pronouns!)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Huskrrrr
>I am so lost in all of this.

At the root of it all its very simple.

Money has always been an abstraction from tangible goods, an has always been nothing more than a social contract.

What is unique about "cryptocurrencies" is that they are created by people and not governments created purely from a shared electronic ledger known as a blockchain.

However, as with any money, it is only as good as the trust given by society who uses it, and as a software developer my self, I can foresee a total collapse once an inevitable flaw is found in the software used to guarantee the integrity of a "blockchain".

6 posted on 05/14/2021 4:36:52 PM PDT by SecondAmendment (This just proves my latest theory ... LEFTISTS RUIN EVERYTHING !)
[ Post Reply | Private Reply | To 4 | View Replies ]

To: Huskrrrr
I've been educating myself. 99Bitcoins has one of the best YouTube channels explaining crypto currency.
13 posted on 05/14/2021 6:04:04 PM PDT by neefer (Because you can't starve us out and you can't make us run.)
[ Post Reply | Private Reply | To 4 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson