My opinion on cryptocurrencies!

I searched for information about them and none of them convinced me to sell and how everything would work ...

First for a currency it must have support in the material resource (be it gold, gems, other currencies that are sometimes supported and among others), according to the historical definition of the money, that from the Mongol emperor Kublai Kan that forced him to use his money printed on paper to exchange gold, treasures and gems, appreciated at that time as now; cryptocurrencies do not touch this characteristic, which differs as currency, but as it did centuries ago and meant a revolution in the life of humanity, the appearance of money; This must be the case with the appearance of cryptocurrencies, it is a revolution, it is the future and it does not lose the basics of a currency, the exchange of something, but it is necessary to generate confidence and security ...

As I understand the cryptocurrencies are only created with the encryption of your code, and if we look at the naked eye what value does that have? (I understand that it has a quotation value for other factors of the real market) if you only have energy expenditure to create it that increases with time, that's one thing; another thing is the blockchain technology that is an exchange and guarantee tool, there is a great advance and technological value ...

Another thing is the cryptocurrencies created with a simple encryption code that works in social networks paid as the case of steemit, there is a paid service value that is distributed among its users unlike the other cryptocurrencies, it has a legal quality and reflects security! that there must point the future of the cryptocurrencies...

There is another significant significant advantage in the use of these cryptocurrencies and their technology, is to be free of government control, a country, central bank or power groups, this is a significant benefit (for me the most significant) to get rid of the bad policies of the current rulers and avoid the loss of the patrimonial value of the currency. But I dare not say that thanks to cryptocurrencies we will become independent or rebels to the established order, I start from the fact that everyone spends their cryptocurrencies as if it were physical money ... I hope you understand me.

In conclusion these cryptocurrencies must have a backup or something, but implode (as you are seeing), you must create technologies that point in this direction, because if not, it becomes simple digital fiduciary money, generating in turn debt on what if it has real value.

We will continue to depend on the raw materials and technologies that are supplied to us by the big corporations of the highest spheres ...

"Money can be what we dream", Kublai Kan
"Money is a matter of belief", Adam Smith