This is one of my favorite quotes of recent. It is from a speech that I gave at the Drexel University conference that is called “CryptoAgility: The Art of Crypto-Capitalism”.
Crypto-capitalism is the theory that the cryptocurrency market is a free-for-all, full of competition, where you can make money by buying and selling your own coins. Well, that’s what crypto-capitalism is, but it’s not necessarily that simple. There are lots of things that can lead to the loss of money in the crypto-economy, so you might want to consider it carefully before you get too excited.
The problem with this theory is that there are no rules. All it takes is one bad actor to cause a loss, and the entire economic system can shift, crashing the crypto-economy.
The crypto-economy is a system where you can exchange crypto-currencies for fiat currency, with every transaction being tracked, recorded, and evaluated by the government and blockchain. The thing of it is, the government does not own the crypto-currencies and they are not the ones who will be doing all the evaluating. Most of the time, the government evaluates the risk of the cryptocurrency and not the people who are using it.
Crypto-currencies are essentially currencies that are made in a way such that they do not depend on the government to regulate them. Most people are not aware that they are in fact currencies that are not legal tender, and that is one of the reasons why they don’t get too much of a bad rap. The government can take them from you and charge a fee if they decide that they are to be used for illegal purposes.
I want to talk for a moment about some of the differences between Bitcoins and your typical government-sanctioned currency. Bitcoins are just like cash in that they don’t need to be regulated by the government. To the contrary, they are a currency that could be used for illegal purposes. And unlike a currency, you can be arrested for being in possession of Bitcoins.
Basically, Bitcoins are just a digital version of cash. But unlike cash, Bitcoins can’t be seized, and you can’t be sent to jail for having them on your person. Instead, they become your property and can be used by anyone for any purpose. Bitcoin is a currency that is not regulated and therefore can be used for any purpose. It’s that “any purpose” that makes the difference between Bitcoins and your typical government-sanctioned currency.
So why are Bitcoins so popular? Well because they’ve become a legitimate (and very legitimate) form of money. You cant spend them and you cant spend them at the same time. People use Bitcoins for a wide variety of uses. Some use them for spending but some use them for buying things. Theoretically, you can spend Bitcoins from the same computer and get the same effect, but they are more expensive. If you have any Bitcoins, you are pretty much guaranteed to get back them.
Bitcoin is the most widely used cryptocurrency, but to get some real understanding of the phenomenon, you also have to understand how the Bitcoin network works. The Bitcoin network is an online peer-to-peer electronic money system that is open for anyone to use. It is decentralized and operates using the peer-to-peer networking technology Bitcoin uses. Every transaction is broadcast to the entire network of Bitcoin, and miners are paid in Bitcoins for the work they do.