Money Talk

What is Crypto used for?

Submitted by arnabkhn, , Thread ID: 185543

Thread Closed
03-11-2020, 12:21 PM
#1
Acryptocurrency(orcryptocurrency) is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to .

RE: What is Crypto used for?

#2
Will crypto evver just get to expensive? I bought a coffee quite a few years ago for one BTC, now that's insane. Will people simply hord it?

RE: What is Crypto used for?

#3
I really dont get crypto, i believe it is just used to bypass government spying on money. dark web transactions ettc.

RE: What is Crypto used for?

#4
As far as I can tell it's used for profit and buying things you don't want a cash trace for. I've seen it used for benign things like pizza lol

RE: What is Crypto used for?

#5
crypto is for when the dollar crashes you can hold it and it will go up similar to gold

RE: What is Crypto used for?

#6
It's to buy things without a government or banks meddling with it.

RE: What is Crypto used for?

#7
Its the same as any commodity. Fiat currency like $ are the same thing. The big thing is how they are transacted and where they're accepted as currency. You can use bitcoin for example to buy literally anything and even give you access to cash using a crypto backed bank account.

RE: What is Crypto used for?

#8
Basically to purchase stuff without anyone knowing who is it.

RE: What is Crypto used for?

#9
it is the future. it will give more people a chance to keep what they earned and worked for

Users browsing this thread: 10 Guest(s)