What is CRYPTO CURRENCY and why should you care?
Crypto Currency is basically a way to move coins from peer-to-peer cutting out the middle person sort of the technology relies on a something called THE BLOCK CHAIN which was spear-headed by this guy named SATOSHI developed a system that puts the people in control of their money, at the moment the tech promises a new way of doing business, writing contracts and the way we think about money. The opportunity to use crypto currency and become involved in its earlish days. I am intent on sharing my notes on what
DISCLOSURE: I am not in any way a financial advisor I’m just an ordinary homeboy trying to make a dollar out of fifteen cents, seriously I’m just here to document my experience in crypto, please if you have any questions, comments observations or concerns hit me up, comment and fee free to share. And as always I encourage you to do your own research.
CRYPTO is her nickname. Her real name is CRYPTOGRAPHY or CRYPTOLOGY ( I like to personify things it helps me understand hopefully it will also be helpful for you or at the very least no annoying.) So CRYPTOs super power is the ability to get one message from one place to another safely and without compromise, she does this by using mathematical calculations, ( she’s really freaking smart) that are so complicated that they are said to be computationally secure. Dang, Ms. Independent that’s why we love her. This is how Wikipedia defines:
Modern cryptography is heavily based on mathematical theory and computer science practice; cryptographic algorithms are designed around computational hardness assumptions, making such algorithms hard to break in practice by any adversary. It is theoretically possible to break such a system, but it is infeasible to do so by any known practical means. These schemes are therefore termed computationally secure; theoretical advances, e.g., improvements in integer factorization algorithms, and faster computing technology require these solutions to be continually adapted. There exist information-theoretically secure schemes that provably cannot be broken even with unlimited computing power—an example is the one-time pad—but these schemes are more difficult to implement than the best theoretically breakable but computationally secure mechanisms.
CRYPTO is not without a lil’ controversy; a little drama, some say she has the potential to be used as tool for espionage or shady, crooked shanty kinda stuff.
CURRENCY is MONEY: This is where it gets a little trippy and It required me to change the way I think about money, my relationship to money and then my relationship to currency. Alrighty then. I think of money like a car, my old car from a long time ago. I love it, It kinda sorta works, it’s what I know and even tho I like what it gives me I want more.
CRYPTOCURRENCY is her car, that’s how I think about it, CryptoCurrency is like that one car Kitt. It chains digital signatures of digital tokens together chaining creating a blockchain.
This is how Wikipedia defines Cryptocurrency:
” A cryptocurrency is a type of digital token that relies on cryptography for chaining together digital signatures of token transfers, peer-to-peernetworking and decentralization.
WHY SHOULD YOU GIVE AF?
Becasue we all use some form of currency, and right now we are about to have a shift. See what this means is that everyone will be allowed to participate in an economy with out a central place. Many people do not have access to the banking system and or high fees prevent them from having access.
COMPTON CRYPTO 