What Exactly is Stish~it? (Video)

First... What is STISH?

According to the Urban Dictionary, Stish is defined as “chill.” STISH on the other hand is a “cryptographic currency,” or cryptocurrency for short. It is a form of currency that only exists digitally (like Bitcoin), that usually has no central issuing or regulating authority, like a bank.

Cryptocurrency uses this decentralized “blockchain” system to record transactions and manage the issuance of new units. The “cryptography” of it all is to simply prevent counterfeiting and fraudulent transactions. Cryptocurrencies use blockchains to order and validate transactions. Blockchains are a natural fit and the best (and perhaps only) way to maintain a consensus about the state of a record among a decentralized, trustless network. In summary, posting to the blockchain it is like writing a check from your checkbook, and having multiple accountants verify your math and your checkbook balance for accuracy.

How Is Cryptocurrency Valued?

A Cryptocurrency has value because people think it has value. Just like fiat currency, people believe that it has value therefore it does. Is it backed by any physical asset? Nope. Just like fiat currency is no longer backed by gold. While there might be several factors that determine the value of cryptocurrency, the most important is utility and supply and demand. Some cryptocurrencies like STISH are also valued based upon a proof of work (POW) system whereby it takes work to create the currency, therefore it has value.

Then What is STISH~it?

Stishit is a social media platform where members earn rewards that easily convert to the digital cryptocurrency STISH. Because many people are now getting involved with cryptocurrency for the first time, we created an entry-level platform that makes learning about cryptocurrencies easy. Check out the video....

The way we all here at Stishit see it, social media shouldn’t take up your valuable time without some reward. Earn it, Buy it, Trade it. Live the Stishit social way where people chill and enjoy life... and earn STISH - the cryptocurrency made easy by Stishit. Get your STISH today!