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RE: Why use cryptocurrencies?

in #cryptocurrency • 5 years ago

Just yesterday my daughter asked me how money was created. While explaining it I realised that at any time in history when there was money people cheated on it.

  • they limed off some precious materials
  • they mixed the precious metal with lower quality metals
  • they cheated with the scales
  • when it was linked to a gold deposit they started to give several receipts for the same gold
  • then they started to create money without any countervalue
  • then they printed just as much as they wanted

With cryptos we have transparence and no minting monopole. It is very difficult to cheat on the money. That's why I believe in cryptos.

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5 years ago in #cryptocurrency by
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     5 years ago 

    Hello my dear @achim03, thanks for coming friend.

    With cryptos we have transparence and no minting monopole. It is very difficult to cheat on the money. That's why I believe in cryptos.

    Crypto is breaking down many barriers and building its own path. Undoubtedly the trust in cryptography continues to grow and every time there are more who join this passion for crypto.

    Thanks for your great friend comment