One Thing You’re Getting Wrong About Cryptocurrency

Blockchain. Bitcoin. Cryptocurrency (or “crypto,” if you prefer). This guy:

Bitconnect guy hyping a ponzi scheme.

Is it all hype? Is blockchain technology really going to change the world? Is cryptocurrency valuable?

It’s all hype now but cryptocurrency will really change the way the world works. We’re only scratching the surface of blockchain and it seems most people don’t realize the fundamental value of the technology:

You can decentralize anything without sacrificing control.

With cryptocurrency, you can guarantee everybody will follow the same rules in the same way all the time. The rules are baked into the system. When you do business with people who use the same cryptocurrency, you will always get the result you expect. If you don’t like the rules, you can choose a different cryptocurrency.

This has tremendous implications for everything but it solves a big, important problem with sending money: you need somebody to vouch for it. You need somebody to assure you that your cash is real, authentic, and worth what you say it is. You need somebody to guarantee that you have the authority to use it.