The Future Of Money! (Now That Crypto Is A Thing)

in #crypto7 years ago

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As you may already know or not, China just published this list of cryptocurrencies that the government has ranked, surprising many people who believe cryptocurrency is banned in China.

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1-5: #ETH, #STEEM, #LSK, #NEO, #KMD
6-10: #XLM, #ADA, #IOTA, #XMR, #STRAT
11-15: #QTUM, #BTS, #BTC, #XVG, #WAVES
16-20: #ETC, #XRP, #DASH, #SC, #BCN
21-25:#LTC, #ARK, #ZEC, #NANO, #BCH
26-28: #DCR, #HSR, #XEM

To be fair, cryptocurrencies are a very confusing topic for a lot of people, so it goes without saying, trying to explain crypto to anyone who is not open to learning can be very difficult when describing the nuances of the blockchain to those who don't recognize the intrinsic value or understand the first thing about peer-to-peer transactions.

What people might be able to relate to on the other hand,

a different kind of article I recently came across, that show artist's in Venezuela now resort to using money to make item's like handbags and other kinds of street art to inevitably be sold in Columbia since the value of the currency in Venezuela has basically been flushed down the toilet.

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Each purse is made out of 800 Venezuelan bolivar bills, tightly folded and woven together into a large rectangular pocket. Each wallet is made of 200 pieces of Venezuela's increasingly worthless currency. Campos says that the bolivar bills he uses to make one purse couldn't even buy him a large soft drink in Venezuela. In Colombia, he sells his large handbags for around $10 (€8.40), enough to buy a kilo of beef, a loaf of bread, some vegetables and the soda bottle he couldn't cover afford at home.

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