[Question] Pros and Cons of Crypto Currency?

What makes Crypto Currency better than the standard currency(USD,GPB,EUR etc) and what holds it back?

It is decentralized. No government can just print more of them as with standard currency.

25-06-2017, 09:29 PM

Reaperxx40 Wrote: What makes Crypto Currency better than the standard currency(USD,GPB,EUR etc) and what holds it back?

No cons B)

The other obvious factor differentiating cryptocurrencies like Bitcoin from other digital currencies is that theyre generally decentralized. No central power (such as a group of video game developers) has arbitrary control over the money supply. World of Warcraft, EVE Online, and Second Life all have servers, which the developers can manipulate at will (or shut off entirely), but Bitcoin runs on a network of participating computers that agree to the same standard.

Oh very nice post thanks

The other obvious factor differentiating cryptocurrencies like Bitcoin from other digital currencies is that theyre generally decentralized. No central power (such as a group of video game developers) has arbitrary control over the money supply. World of Warcraft, EVE Online, and Second Life all have servers, which the developers can manipulate at will (or shut off entirely), but Bitcoin runs on a network of participating computers that agree to the same standard.

PROS:

You can purchase a lot of things in the digital world with it.

CONS:

Physical world doesn't have any benefit for it yet.