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RE: What The Heck Is A Cryptocurrency? - A Study Made By A Noob For A Noob - Part 1

in #cryptocurrency7 years ago (edited)

Love the ron burgundy clip! Start with comparisons. I'll use US Dollars (USD)/Bitcoin (BTC)
Media = Paper/Digital
Supply = Gov/Science
Person 2 Person transfer = Physical/Computers
transfer processing = Banks/Miners
processing payments = Bank fees/Bitcoin
Value = Confidence/Confidence
Security = Physical/Crypto (ever increasing encryption, aka blockchain)
Policy = Government/Transparent Science

There's probably many more comparisons to be made but basically if you trust governments and the people that run them then stick with fiat currency (paper money). I trust scientific code that is public.

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Thank you! I might use that in the next one!

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