A cryptocurrency is a form of money whose value overshoots the value of many traditional forms of currency. Cryptocurrencies invention dates back to 2008 when Bitcoin, the first Cryptocurrency, was created by a person named Satoshi Nakamoto.
Bitcoin (the first Cryptocurrency) was almost entirely worthless at the time of its creation; in-fact, someone referred to in the crypto trading world as “the pizza guy” traded ten thousand units of Bitcoin for Pizza at that time. Like most people, the Pizza guy wasn’t stupid enough to recognize the value of the currency and trade it off at that time; he was short-sighted about the future holdings [...]
Many technocrats believe in the blockchain, Bitcoin, and other cryptocurrencies to solve the problems of the world by machine power. Well, I am not too optimistic, that this will be the case in the scale we anticipate right now and I think as well many of us are blinded by the crypto-frenzy. It is understandable – the elder ones don’t want to be like the “internet non-believers” end of the 90s and think “this time, I won’t be wrong by denying the future”, and try to be the smart guy, that reads the cards of the future right.
Considering all these ICOs that wanted to “disrupt” all [...]