This is exactly why i love this forum. So much feedback ! Thank you guys !
I think there is 2 important points there.
#Crypto-currency
#Definition
A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation. Also a very important point is that cryptocurrency requires miners to be able to secure the network and confirm transactions.
#Blockchain
#Definition
The Blockchain is a decentralized memory of all transactions. Meaning that its records are shared between every user in the network. Every operation in the order, dating back to the very first, is engraved in the Blockchain. No one has the possibility to rewrite or modify the Blockchain ledger, the protocol is unalterable and incorruptible by nature.
Of course this is very short explanation and you can find much better online but i just want to recall the fundamental of this points which are very important i think.
Using crypto-currency for speculation can be very dangerous because nothing is stable. I'm not really on that case but i can imagine it can be frustrating when things go up and down. The same happen in real life anyway. I think the most important is to invest in crypto-currency that you beleive has a real GOAL. If you buy 100XXX no matter in 6 months in 1 year in 10 years. If you keep them you will still have 100XXX but if the value increased then it can be much more usefull. The price of things would decrease because the value and the trust people put on the XXXX would increase. A deflation system.
Let's imagine a world where we could pay in a crypto asset. To be able to achieve this, we need to distribute that crypto assets to everyone in the world in a way of equalitarian proof of work. That's one of the main features of crypto curency and blockchain technology. The thing is how do you except to transfer wealth and power to a new generation of people if 90% of the ICO's that are coming on the market right now are mostly token based. This means only people investing in it will have the main benefit of this. So again We are turning around and this is not really decentralized.
I think the only way to have a REAL decentralization is to be able to offer a crypto currency and put in the hands of everyone. We can do this using mobile phones. Everyone today has a mobile phone in every country. That's the only way to launch a real crypto currency and offering massive tools for mining so that everyone can mine and get a reward.
So yes i know there is already some than tried this. But right now i see only fails. For exemple i'm very disapointed about Electroneum. This company reached a $40m hard cap for their ICO. They claimed to offer the 1st true mobile cryptocuurrency. And 6 months after their ICO and $40m in the bank, they have released their mobile app and saying officially than the coins are not coming for the blockchain, it's just to 'Experience and Feel like a miner'. I mean seriously
? There is a lot of strange thinkgs like this that really hurts me. That's all they got for $40m ? Really ?
Today almost everyone have a mobile phone in every country, even under-developed country and this is maybe the most wanted. We need to be able to build a real decentralized world with egualitarian distribution. But to be able to do this we need a real project with tool READY ONLINE from DAY 1. Not a never ending ICO with a road map finishing in 2034 for an real mobile app !! So everyone can mine from anywhere in the world, anytime.
We need NOKIA to come back lol
Remember ? Connecting people ....
Again. Together we are stronger. That's our force. Let's be connected guys and rewrite the rules of a new era and modern time.
Let's not forget that in many country most of the economical system are down. Remember what happened in Greece, in Inda, in South America... And what will happen again in other countries. Gouvernements are sucking our blood, privacy, money and much more. It is only a matter of time and will to be able to transfer the wealth and power to the people of earth and start to completly rethink the way we are going to live tomorow.
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