So let me get this straight, the only thing that makes cryptocurrency valuable is people think other people think it's valuable... And that's it?
So what's stopping anybody from creating their own cryptocurrency and inflating the entire market away?
So what's stopping anybody from creating their own cryptocurrency and inflating the entire market away?
by Sitbear April 28, 2021
Cryptocurrency is a digital currency that utilizes cryptography for security and can be sent from one person to another anywhere around the world at very low processing charges. Bitcoin was the first cryptocurrency to be created. It was developed by Satoshi Nakamoto, a mysterious entity who has remained anonymous since then. Such cryptocurrencies like Bitcoin, Ethereum, Neo, Ripple, Litecoin and Tether can be exchanged on cryptocurrency exchanges like Rubix.io. Cryptocurrencies utilize peer to peer technology to allow individuals and corporations have the ability to send virtual currencies. In order to send or receive the virtual currency, you must have a digital wallet. Two types are available – software and hosted wallets.
My cryptocurrency portfolio arrays anywhere from Bitcoin to Neo. You can view my cryptocurrency portfolio on Rubix.io cryptocurrency exchange.
by NeoEnthusiast February 12, 2019
You click the button and then you have an imaginary electronic thing that fluctuates in value based on what Elon Musk tweets.
Bitcoin is a cryptocurrency that can make me very rich or very broke depending upon Elon Musk's mood that particular day.
by ReguloNacho June 16, 2021
a stupid piece 'o' doodoo money that nobody uses because nobody knows who the anonymous creator crybaby is. what an idiot and chicken.
Cryptocurrency is so dumb
by JazzyBag YT May 25, 2022
Thinly veiled subtext, passive-aggressive language, or ambiguity masquerading as an equivalent to honest dialog. A bid, exchange, or transaction made by utilizing cryptic comments and/or camouflaged questions meant to conceal one’s true meaning. Commonly used to express sentiments too cutting, self-revealing, or vulnerable to say outright. An indirect medium of communication given, received, or transacted post-conversion from its original, more transparent currency, with an exchange-rate that varies based on intention. The motive and personal truth/truths; offered by an individual, accepted by individuals, or adopted by a group; hidden in language.
“That cute guy I met at the new coffee bar downtown asked me if my boyfriend was a coffee snob too, and I told him that I sadly don’t have one of those right now, but the cryptocurrency was obviously that we’re into each other.”
“Can we quit the ‘scheduling conflict’ cryptocurrency and just admit that you aren’t sure how you feel about me and that’s confusing so now I don’t trust you?”
“Oh my god, the cryptocurrency in all three of Richard Linklater’s ‘Before Trilogy’ is so frustratingly well-written, it makes me want to yell at the characters to just spit it out already!”
“Friend, his text responses are ambiguous af and it isn’t your job to decipher his cryptocurrency. Like John Mayer says, ‘Say what you need to say,’ or shut-up.”
“He went on for 20 minutes about how he is in between projects right now but that he has some really exciting stuff in the works, so his cryptocurrency is likely that he doesn’t have a job.”
“Just be safe tonight, it’s not that I’m worried, I’d just be really sad if you weren’t around to eat half of my every meal after you’ve just told me you weren’t hungry.” “I’m sorry, we don’t accept that cryptocurrency at this bank...but I love you too.”
“Can we quit the ‘scheduling conflict’ cryptocurrency and just admit that you aren’t sure how you feel about me and that’s confusing so now I don’t trust you?”
“Oh my god, the cryptocurrency in all three of Richard Linklater’s ‘Before Trilogy’ is so frustratingly well-written, it makes me want to yell at the characters to just spit it out already!”
“Friend, his text responses are ambiguous af and it isn’t your job to decipher his cryptocurrency. Like John Mayer says, ‘Say what you need to say,’ or shut-up.”
“He went on for 20 minutes about how he is in between projects right now but that he has some really exciting stuff in the works, so his cryptocurrency is likely that he doesn’t have a job.”
“Just be safe tonight, it’s not that I’m worried, I’d just be really sad if you weren’t around to eat half of my every meal after you’ve just told me you weren’t hungry.” “I’m sorry, we don’t accept that cryptocurrency at this bank...but I love you too.”
by They Call Me Sunshine May 14, 2021
A digital medium of exchange. It uses cryptography for security, making it difficult to counterfeit. The idea of cryptocurrency comes from popular online games wherein you trade something for something, and emerges into new unit of cyber-currencies between public (miners) that mimic the value of precious metals. The first of its kind is bitcoin.
Peer-to-peer transactions can be done through cryptocurrency.
by Anomalice March 10, 2014
A bunch of first world kids have decided to draw themselves virtual "pokemon cards" using their overpriced GPU their mom had gifted them in 2010, as even using it like normal introverts - to play games, wasn't autistic enough for them. Some had exchanged it for hitman services and pizza adding 'real value' to it; Some have accumulated more than others, now they are all 'grown up' in their 20s, and their only value is their collection of poke.. I mean "cryptos", so they are promoting it like a real deal to be able to exchange it for something more than a pizza - real estate and a tesla - and be talking success stories.
In theory - decentralized currency, in practice - it's like that old comic about USB: xkcd.com/927 but even less validity and with a pinch of ponzi and criminality and "I'll make up my own money to have money for luls, oh wait, people actually believe it".
In theory - decentralized currency, in practice - it's like that old comic about USB: xkcd.com/927 but even less validity and with a pinch of ponzi and criminality and "I'll make up my own money to have money for luls, oh wait, people actually believe it".
by veinsofgold May 12, 2021