What Crypto is?

[n0ne]

Everyone who are used to cryptocurrency might've come across several conversations.
When someone asks you what crypto is, what will be your response?

Make the response to be short, it can be in a single line. There will be difference of view. My view on it

"Financial Freedom that lets me retire earlier"

[BIT-BENDER]

Sorry mate I would first talk about your own opinion, Crypto-currency wouldn't be unique if you see it as a financial freedom that lets you retire early. Then real estate has given people that too, stocks, and so many. Crypto-currency should stand out unique and not like others.

Crypto-currency, is a decentralized system that gives me the freedom and control.

[Yogee]

A tool that allows me to send funds wherever I want and whenever I want without worrying about banks blocking the transaction or seizing the money. Is that too long? I haven't even mention how fast and cheap it is compared to traditional banking hehe.

[jhonjhon]

Everyone who are used to cryptocurrency might've come across several conversations.
When someone asks you what crypto is, what will be your response?

Make the response to be short, it can be in a single line. There will be difference of view. My view on it

"Financial Freedom that lets me retire earlier"

Crypto is a digital currency that is worth anything and gives me financial stability. Crypto for me is more than like a GOLD

[franky1]

for jokes:
"isnt he supermans pet dog"
verbal conversation has the same pronunciation. whether written spelling is K or C.. dont grammar knitpick. its a JOKE!

other simplistic answers
"value store without a bank account"
  just needs a public address, you create yourself. to be shown to a sender

"allows you to be a trader without the need of a portfolio manager/tradedesk/agent"
 many ways to trade without needing to sign up and have transactions logged by businesses

"remittance without the policy/limitations of western union/moneygram/transferwise/venmo/paypal"
 send to anyone direct, not via third party services

"offshore value store without the need to set up shell companies/foreign diplomacy"
 if value is not in a US bank, the US cant direct freeze it at source

"financial trust fund without the need of a lawyer"
 multisig can be set up by family/friends without others nvovled

"inheritance without the need of a will"
 multisig with locktimes

[Marvelman]

for jokes:
"isnt he supermans pet dog"

Nah, I think that's Krypto (also known as Krypto the Superdog).  

source wiki: https://en.wikipedia.org/wiki/Krypto


As for crypto, I like this definition:
"Cryptocurrency is a virtual currency that uses encryption technology to regulate transactions in the absence of a trusted third party."
because it raises new questions, so I can be smart ass a little longer.

[GreatArkansas]

If someone will ask me about what is "What is Crypto/Cryptocurrency",
The very basic answer, digital currency where is intangible, not physical. Where you can use it as payment for such products/services.
For me, this is the very basic explanation I can say to those people who are no idea about cryptocurrency or are not really techy persons.

[Fundamentals Of]

This is a misleading response. Crypto does not guarantee you financial freedom if what you mean by financial freedom is the abundance of money. It does not follow that if you join the crypto market you won't have to work because of that financial freedom. That is so wrong!

If I were to give my one-line definition of crypto, I'd rather stick to the literal meaning of cryptocurrency which is a currency that uses cryptography.

[passwordnow]

Everyone who are used to cryptocurrency might've come across several conversations.
When someone asks you what crypto is, what will be your response?

Make the response to be short, it can be in a single line. There will be difference of view. My view on it

"Financial Freedom that lets me retire earlier"

There can be a lot of definitions that one can tell if somebody asks them what cryptocurrency is. In particular, it's actually a digital currency that has a lot of properties or functions.
But I think the most popular definition that will be easiest to understand by someone who wants to learn about it is it's an asset, a digital asset. While for being specific for bitcoin, it's going to be the modern and digital gold.

[davis196]

Everyone who are used to cryptocurrency might've come across several conversations.
When someone asks you what crypto is, what will be your response?

Make the response to be short, it can be in a single line. There will be difference of view. My view on it

"Financial Freedom that lets me retire earlier"

This is partially right and partially wrong.There's no guarantee that cryptocurrency trading or simply buying and HODLing Bitcoins will help you retire earlier.
Cryptocurrencies can provide some sort of financial freedom,but there are too many factors.
You definitely don't want to rely on centralized custodial crypto wallets and exchanges,because this isn't true financial freedom.
I think that financial freedom is closely linked to the way you are making money and your income streams,rather than your savings and investments.The crypto industry doesn't provide a lot of jobs opportunities and income streams.Your financial freedom is determined by your skills and what you can offer on the labor market.

[pooya87]

what crypto is, ~
"Financial Freedom that lets me retire earlier"

There are a bunch of things wrong with your post.
For starters bitcoin is providing financial freedom not "crypto", and the reason for that is because bitcoin is decentralized and is created to work as a censorship resistant global payment system whereas majority of altcoins are created as money grabbing projects to be pumped and dumped so they can't provide any kind of financial freedom.

Additionally to "retire earlier" you will have to be able to make profit. Profit means trading and not making mistakes such as bag holding specially if you are talking about altcoins. In fact many people would have to work twice their lifetime since they lost a ton of money in shitcoin dumps because they were bag holding.
Not to mention that if you are good at trading and think you can make profit from it, you can do it in any other market like stocks or higher risk penny stocks market instead of the super risky and manipulated altcoin market.

[peter0425]

Everyone who are used to cryptocurrency might've come across several conversations.
When someone asks you what crypto is, what will be your response?

Make the response to be short, it can be in a single line. There will be difference of view. My view on it

"Financial Freedom that lets me retire earlier"

Let you retire earlier ...

Yeah of course this is it if you are lucky enough and knowledgeable enough .

But if not? then this will also leads you to work even after retirement age so never be too confident instead do your homework for better outcome.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

For me.. Crypto is something that lets me handle my own money without anyone interfering .

meaning yes, this is Freedom ..

[Oluwa-btc]

Crypto is Crypto, Bitcoin is Bitcoin.
And bitcoin is the best Crypto Currency.
Hoping to see Bitcoin recover.

[nur rochid]

Everyone who are used to cryptocurrency might've come across several conversations.
When someone asks you what crypto is, what will be your response?

Make the response to be short, it can be in a single line. There will be difference of view. My view on it

"Financial Freedom that lets me retire earlier"

It is very risky if you teach Cryptocurrency friends can make us retire early. Turely they will be immediately interested in not even thinking long to share in investing, and this can stretch your friendship. For me I would say that Cryptocurrency is a new type of technology in the digital world, despite its main purpose as a currency, but because of the potential increase in price, it is more widely used for investment tools and also trading, and not much different from stock investment, of course if they are interested will continue the conversation in the deeper direction

[zeenat ali]

Cryptocurrency is also called crypto. It is a form of currency. It is best and safe to invest.

[Magicalking]

I would be very careful how I introduce someone to cryptocurrencies for the first time, knowing that would have a long impression on them. I will prolly say something like Cryptocurrency is a digital currency that allows you to be in contact absolute control of your finances. No third parties no intermediaries, the system is built on a secure network. Cryptocurrency is the future of money. Then I give him a crypto beginners book to read.

[TheUltraElite]

Everyone who are used to cryptocurrency might've come across several conversations.
When someone asks you what crypto is, what will be your response?

To be crypto is just another word in the dictionary, which mean something. I wait for them to elaborate if they are pointing towards cryptocurrency at which point I tell me more about it but I cannot express it is one line, because cryptocurrencies at this point are a risky bet for someone who is new to this sector, they need more than one buzz-word or pipe dream.

I would rather explain to them the uses and misuse of cryptocurrencies' properties and how it is possible to make money from the market instead of pushing them to the continuous pump and dump of bitcoin with the line you said below

"Financial Freedom that lets me retire earlier"

^ yeah it is not true if you ask me. You never really become financially free, it is a state of mind, and everyone can be free if they make it a choice. Use bitcoin if you wish to, but it should be not be your motto to escape taxes and become an anarchist, we all know how that ends.

[marilynmanson21]

crypto in my mind: digital currency that gives me the benefits of investing, and from that profit I can buy skincare,  buy the clothes I want and EAT delicious every day

[taufik123]

crypto in my mind: digital currency that gives me the benefits of investing, and from that profit I can buy skincare,  buy the clothes I want and EAT delicious every day

don't just talk about profit. Seeing the risks that will be faced will also provide a bad experience. Investment profits are always wanted to be obtained, but some losses will also occur. Always look from both sides so you can find out more and can solve any problems that occur.

[YOSHIE]

When someone asks you what crypto is, what will be your response?

If that person, ask me, my first answer is: try to open google, write what you want to ask about crypto, google will answer all questions about crypto.

If, that person already knows about crypto and if he also asks me, Of course I will answer (crypto is crypto and money is money, if you have crypto you have money and if you have money you have crypto), done.