"It's Not Just a Store of Value...It Allows You to Secure the Internet" - Cryptocurrency
The Internet is being rebuilt with cryptocurrency. It's somewhat surprising that this phenomena isn't getting more attention. There's a lot of talk about speculative values, and speculation is an important part of the market for sure.
What's also important is to understand the protocols which is the underlying communications network ....the base layer....the communications protocol which insures cyber security.
The internet as we know it today is this very vulnerable thing which is far from being secure. A more appropriate description of the internet today would be: Insecure. There's some puns to be made for sure.
I happened to come across a news broadcast from cnbc where it was actually a pretty cool reporting and goes into what I am saying in a bit more detail.
Check it out and let me know what you think.
Speculation is an important part of price discovery but st present it is overtaking the actual utility of crypto in the majority of discussions. No one is talking about what a particular crypto can do it’s all about the price. When that starts to change, we will have mass adoption.
Another interesting dynamic of "mass adoption" is price consensus. For example - we get to a point where more than 1 billion people are plugged into the steem blockchain in someway or another. Same example can be used for bitcoin.
Point is this:
based on the size of the network - technically it is possible to establish consensus on price in a democratic way. It's kind of radical to think that technically we are capable to organize and orchestrate the value of the price of the thing on the market. Instead of "fighting" it out for profits trading...trying to push up or down....a whole new price could be made up by the participants. The effectiveness is relative to the size of the network....the bigger the network....the greater the potential for exponential growth and expansion
But at present most crypto is purely used for speculation, hence the huge price swings. If we democratically agreed on the price as you suggest, the majority of recent participants would no longer be interested as there would be no scope for profits.
Thankx for the video
I support with the fact that with cryptocurrency and mining aspect, we are rebuilding the internet. Infact cryptocurrency and blockchain means a new Internet for us and can build decentralized internet for everyone🙂
You are right that everyone highlights the consideration of speculation and the movements of the digital currency market, and ignores the need for information security. Providing Internet security is necessary in order to reassure more about people's money from hacking and thus will return positively to the field of cryptocurrency . thanks for sharing this goode information @worldclassplayer
yah you are true that we need internet security. every day millions of transaction are performed by people and we need a good security for this.
it's important to me, thanks for this information.
Well as time will approach people are gonna accept it more & more !It will be great in the coming days !
What is also important is to understand the protocols which are the underlying communications networks .... the protocols communications protocols that insures cyber security.
I strongly agree, because the main capital network
watched that video and clearly the decentralized is the way to go :)
Wow! Great find and share!!!
bitcoine to the Moon and Beyond.great news.
the crypto.news is the best treading center.it is very good for us thanks for goox information @worldclassplayer