Cryptocurrency

in #blockchain9 years ago

A little about cryptocurrency and blockchain Technology. And what Cryptogene is offering​

Cryptocurrencies are digital currencies in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank

With cryptocurrency, you're your own bank

You can send millions, even billions, in seconds. Without permission from anyone. No bank, no government or any central authority. All you need, is yourself and the receiver

That's what's​ called decentralization

It takes the power away from Central banks

The current monetary system we operate is flawed

It's based on debt

We're all owing the government. Directly or indirectly

The cryptocurrency monetary system​ is based on ownership

Not debt

And no one can censor it, no one can seize it, no one can shut it down

Unlike we've seen with banks which history has taught us can be shut down. And people lose money. And lives are ruined. Because we're running a system based on debt and not ownershipIMG_20170320_181038.jpg
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We think alike! Upvoted!
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Amazing post

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