Well…I can own stock, bonds and mutual funds where I don’t have paper, BUT…it’s well regulated, there are major financial organizations and companies managing the market which is 99.9% based upon REAL companies with REAL assets and REAL financials.
Block chain is an excellent TECHNOLOGY for managing transactions.
Cryptocurrency uses block chain to maintain a secure and decentralized record of transactions. The company “creates” money, people buy all or a part which establishes its value. There is no central market or regulator. For a while it only went up (see Dutch tulip market) and now its down, but probably will go up or down and down or up, not based upon the economy or a company’s profitability BUT on the ability to get somebody else to buy into it.
PS…last rant…consumes WAY too much electricity! If my A/C or heater goes off in a blackout, I’m NOT going to like reading that my power company kept selling electricity to cryptocurrency companies because they are willing to pay a higher rate! Hospitals – yes! Bitcoin – No!
Well…I can own stock, bonds and mutual funds where I don’t have paper, BUT…it’s well regulated, there are major financial organizations and companies managing the market which is 99.9% based upon REAL companies with REAL assets and REAL financials.
Block chain is an excellent TECHNOLOGY for managing transactions.
Cryptocurrency uses block chain to maintain a secure and decentralized record of transactions. The company “creates” money, people buy all or a part which establishes its value. There is no central market or regulator. For a while it only went up (see Dutch tulip market) and now its down, but probably will go up or down and down or up, not based upon the economy or a company’s profitability BUT on the ability to get somebody else to buy into it.
PS…last rant…consumes WAY too much electricity! If my A/C or heater goes off in a blackout, I’m NOT going to like reading that my power company kept selling electricity to cryptocurrency companies because they are willing to pay a higher rate! Hospitals – yes! Bitcoin – No!