Is there a need for cryptocurrencies?

Fiat money (normal money) have no intrinsic value, meaning it has no real value. The value is built on trust in the government and central banks. With cryptocurrencies the trust in governments is replaced by the trust in source code.

Cryptocurrencies give people with oppressive, corrupt or incompetent governments an option to opt out of their monetary systems. They have an option to use a resilient and distributed technology to trade with each other and to store their savings. There is no central point to censor, manipulate or shut down.

Through globalisation centralisation has been inevitable, and we have only had two options — either give more control to large corporations or to governments. Companies like Microsoft, Google Amazon and Facebook now sit on uncomfortable large amounts of knowledge about our lives and power from that. Just like cryptocurrencies are providing a currency without a centralised party, blockchain-based social networks are starting to provide us with a way to remove the centralised party of the internet. And this is just the beginning.

Myriadcoin is a no bullshit cryptocurrency. It is trusted, secure and up-to-date. It is community-driven with democratic decision making. It is fairly distributed and mined. It has stood the test of time and you are most welcome to join in and decide on how the future should unfold.