Why I Do Not Buy In Cryptocurrency FUD And Why You Shouldn't Either
busy·@taskmaster4450·
0.000 HBDWhy I Do Not Buy In Cryptocurrency FUD And Why You Shouldn't Either
 How many deaths has Bitcoin had? There were hundreds of times where the mainstream called it dead. The latest was the cost was too high and the transaction time way too slow. Of course, something happened since the beginning of the year. Changes were made, namely SegWit and Lightning, which lowered the cost while clearing the backlog. Make no mistake, Bitcoin is not the top blockchain. Yet it is also far from dead. This is just an example of how the mainstream media spreads fear, uncertainty, and doubt. I do not buy into any of the cryptocurrency FUD, nor should you. Do you know who buys into FUD? People who have no idea what they are looking at. Cryptocurrency is not going away. We are not going to see it go to zero. It is not worthless or something that has no "intrinsic" value hence is destined for nothingness. This is never going to happen. So why believe in FUD? To arrive at this conclusion requires simply understanding what is taking place. Beneath cryptocurrency is blockchain. Each cryptocurrency is tied to a blockchain making it a "currency". It is a medium of transaction for that blockchain. Naturally, if the network has no transactions, a particular token could be worthless. I am not saying that every cryptocurrency has value. There are many that are doomed. Dictionary.com defines the internet as a vast computer network linking smaller computer networks worldwide.  Blockchain is the next generation of Internet. Understanding this shows the enormous power it has. In the basic form, blockchain is a digital, decentralized, public ledger. Since the creation of Bitcoin, this is the primary characteristic, to track and verify transactions. This is still a large part of it. However, since Ethereum started with the smart contracts, the blockchain became much more than that. Now, with the possibility of DAO's placed on there, we are seeing this elevated to another level. Today, blockchain is a decentralized, open network who's transactions are verified by unknown parties according to rules established by consensus. The distributed ledger is run on a network of computers around the world. Presently, the different blockchains are all separate, similar to how the Internet was in the early days. It is only a matter of time before there is interoperability between these different networks. This is how we can see that this will be the newest generation to the Internet. Blockchain is not like the Internet, it is the Internet!!! So please tell me how the banksters, governments, or anyone else can stop cryptocurrency? For all the FUD that is out there, this is one question that cannot be answered. Sure, many will take a stab at it but the truth is the only way to do it is to shut off the Internet.  It is impossible to separate a cryptocurrency from blockchain. The two are tied together. Saying one loves blockchain but is not for cryptocurrencies is saying they are for the Internet yet do not believe in computers. The two cannot be separated. A cryptocurrency without blockchain is just another form of digital fiat. If we are to make a comparison, blockchain is the Internet on steroids. It is 100 times more disruptive and powerful. Basically, it was what the Internet was designed to be 25 years ago. Unlike that situation, this cannot be "siloed". Since the power (and value) is in the blockchain and not the applications, the methods of control used before do not apply. Forking is one example of what prevents this. Anyone can fork a blockchain. Open and decentralized means there are no protections against one simply taking what is there and duplicating it. The only question is whether the community follows or not. The key remains development. What happens with the price of the tokens means nothing as to the success or failure of a blockchain. Prices go up and they come down. There is often no reason for it in either direction. Markets have a mind of their own. Blockchain development is very consistent. Each day we read about new applications emerging. Even on STEEM, we see some very interesting projects developing. I am a big believer that STEEM will be an ecosystem that many people have as the basis for their digital lives. In 5 years, if @ned is right and there are 100,000 entrepreneurs on here, most of what we need will come from businesses on this blockchain. We will see the formation of a digital "nation". Many of the things you find in your community will be on here. Instead of going to the local mall, one signs onto STEEM to shop. We will be viewing movies, television shows, and other forms of entertainment all on here. Of course, anything that requires a medium of exchange, the STEEM token will be used. Twenty years ago today, the price of Amazon was $7 a share. Today, it is just under $1500. How many times over those decades was Amazon "overpriced", just a "bookstore", or "losing money again"? There was a lot of FUD about that company before he became the destructive force that it is. Blockchain is the same way. Yet unlike Amazon, the path of destruction is clear. Whatever the Internet enters, it destroys. Welcome to the world of money. This is what I see when I look at cryptocurrency/blockchain. I surmise it is vastly different than what they are talking about on CNBC or Bloomberg. It is also why I know buying into their FUD is completely foolish. If you found this article informative, please give it an upvote and a resteem. ___ To receive the free basic income tokens you are entitled to and help end world wide poverty, please click the following: <center>[Click For Manna Coins](https://www.mannabase.com/?ref=fbt5zz3bfh)</center> <center>In full disclosure this is a referral link</center> 
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