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Supersimplestuff

118 Posts.

4

20/03/18

23:20

Post #: 31901857
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Originally posted by All4One ↑

A load of twaddle.
From the daily Hodl, who are they??

Best go and buy some Venezuelan oil crypto.

Blockchain is not crypto and really has nothing to do with crypto and is useful for other applications. Blockchain is nothing more than a distributed data base and not encrypted.

from the article

The Negatives
Of course, the report issues a number of cautions as well, including the risks involved in investing in Initial Coin Offerings and the volatile world of crypto.
“At this point, many prominent economists do not believe cryptocurrencies fit the standard definition of money. Former Federal Reserve Chair Janet Yellen considered Bitcoin a “highly speculative asset” that is not considered legal tender. Bitcoin itself has technical and economic limitations that hinder its use as a medium of exchange. Transaction processing time and fees on the Bitcoin network keep increasing and render Bitcoin uneconomical for common purchases.
Extreme volatility in the dollar price of cryptocurrencies also impairs their use as money because people price goods and services in dollars and thus their purchasing power fluctuates wildly.”

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Blockchain is not crypto...... Blockchain is precisely crypto Have a look into private vs public chains and you will understand why your comment is wrong
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