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
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
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
Arseholes who buy out every gaming GPU in stock so that they can fatten their purses with little to no effort. Because of these utter shitbags, the prices of gaming graphics cards have soared, and few are in stock. Worse still, after using and abusing the dozens of cards they bought, they sell them to poor unknowing buyers on the internet. If you can't buy a new graphics card, these fucks are to blame.
"All I can buy right now is a GT 1030, fuck, I wanted a GTX 1060, but it's not worth it when they cost a thousand bucks, damn cryptocurrency miners"
by TADPOOL January 31, 2018
The Best Cryptocurrency is an award given to the best preforming cryptocurrency coin. The award is given every year at the start of the year.
Currently The Best Cryptocurrency is Elrond eGLD a highly scalable, fast and secure blockchain platform
Currently The Best Cryptocurrency is Elrond eGLD a highly scalable, fast and secure blockchain platform
by Sffr February 8, 2021