cryptocurrency gives me goosebumps

davids355

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This is such a "doh" moment and an obvious statement to make, but cryptocurrency is such a functional and efficient form of payment, and using it for that purpose gives me goosebumps.

It is easy to send and receive money with anyone in the world regardless of their location, the currency they are using or the language they speak. It doesn't matter what form of payment you have agreed, it can easily be translated into a cryptocurrency, serving as a universal format that everyone understands.

You don't have loads of details to grab, remember or enter; rather you simply have to copy one address and paste that in to make sure the coins go to the intended party.

Then you don't need to work out what information to send to the other person - an ID or a screenshot or whatever - to let them know you've actually sent it, but rather, you can link them to the actual transaction record itself so that it is crystal clear the funds have been sent and everyone can track their progress.

Using a coin such as Litecoin the fees are low as well - $0.00085 for a $10 transaction.

I don't know if this post is making much sense but the point is, through all of the hype, the crazy number of new coins coming out, and the ridiculous volatility of cryptocurrencies in general, it's easy for people to think that it is valueless or that it is just a re-run of tulip-mania. But the above pretty much sums up why I believe in Bitcoin and cryptocurrencies in general and why the crazy price-drops don't really bother me at all; because what cryptocurrency represents is the digital transformation of the financial system.

In fact, it is an exemplary representation of digital transformation at its very finest - take an important industry, introduce the latest technology and make everything about that industry better; make it streamlined, efficient, feature-rich, transparent, secure, effective, and granular in its nature.

To reverse back out of this huge digital transformation, now that we have come this far, just wouldn't make any sense whatsoever and that is why I believe in cryptocurrencies.

What's more, we are only at the very beginning - in recent months I have had at least 5-6 people in my life asking me about crypto and wanting to get involved in it, but the average person, at least in my circle of friends, doesn't really understand it at all and they definitely don't view it as a system of money that could actually be used in a functional way, they just view it as something they should have because it makes money.

But once the actual functionality of crypto starts trickling into the average person's lives, it's going to absolutely explode. Mark my words.
 

medi123

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i totaly agree with you .
i would like to hear the opinion of many members here on this who are constantly saying btc to 0$ , do they have any reasoning behind it or just trolling.
 

duckduckgoo

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Litecoin is king for transaction, it alive since I teen!

It also grew lot making me possible to be re invest in other hype coin but most definitialy it is a fast way to transact at some low costs and it bad that Doge develops steal this feature from litecoin source.

If Mask was support LTc it would be better in my thought.

It over all great post and i think ltc shouls be currency for forum.

Also, thanks man and how I can be make my user green or orange (duck colors)? Is it some sorts of script work require or HTML skill?
 

Sardi

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doesn't really understand it at all and they definitely don't view it as a system of money that could actually be used in a functional way, they just view it as something they should have because it makes money.
I loved this part
 

Nikolaos

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This is such a "doh" moment and an obvious statement to make, but cryptocurrency is such a functional and efficient form of payment, and using it for that purpose gives me goosebumps.

It is easy to send and receive money with anyone in the world regardless of their location, the currency they are using or the language they speak. It doesn't matter what form of payment you have agreed, it can easily be translated into a cryptocurrency, serving as a universal format that everyone understands.

You don't have loads of details to grab, remember or enter; rather you simply have to copy one address and paste that in to make sure the coins go to the intended party.

Then you don't need to work out what information to send to the other person - an ID or a screenshot or whatever - to let them know you've actually sent it, but rather, you can link them to the actual transaction record itself so that it is crystal clear the funds have been sent and everyone can track their progress.

Using a coin such as Litecoin the fees are low as well - $0.00085 for a $10 transaction.

I don't know if this post is making much sense but the point is, through all of the hype, the crazy number of new coins coming out, and the ridiculous volatility of cryptocurrencies in general, it's easy for people to think that it is valueless or that it is just a re-run of tulip-mania. But the above pretty much sums up why I believe in Bitcoin and cryptocurrencies in general and why the crazy price-drops don't really bother me at all; because what cryptocurrency represents is the digital transformation of the financial system.

In fact, it is an exemplary representation of digital transformation at its very finest - take an important industry, introduce the latest technology and make everything about that industry better; make it streamlined, efficient, feature-rich, transparent, secure, effective, and granular in its nature.

To reverse back out of this huge digital transformation, now that we have come this far, just wouldn't make any sense whatsoever and that is why I believe in cryptocurrencies.

What's more, we are only at the very beginning - in recent months I have had at least 5-6 people in my life asking me about crypto and wanting to get involved in it, but the average person, at least in my circle of friends, doesn't really understand it at all and they definitely don't view it as a system of money that could actually be used in a functional way, they just view it as something they should have because it makes money.

But once the actual functionality of crypto starts trickling into the average person's lives, it's going to absolutely explode. Mark my words.
Op you are right that when crypto gets into everyone's lives it's gonna explode.
 
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