What is a cryptocurrency?

in #cryptocurrency6 years ago

My definition of cryptocurrency is different from yours. And I like my definition more:

Cryptocurrency is money with superpowers. For example, if fiat currency like USD is Bruce Wayne, then think of cryptocurrency like BTC as Batman. Similarly, a shitcoin is a cryptocurrency with no superpowers.

To illustrate my definition with examples:

  1. Bitcoin’s (the first cryptocurrency) superpowers were near free transactions that could be made electronically and with no restrictions.
  2. The Golix Token’s superpower is cheaper transaction fees on golix.com. In some cases, the Golix Token gets you zero transaction fees (cool huh?).
  3. Ethereum’s superpower is creating contracts that cannot be breached because they are enforced by computer programs (which cannot go back on their word, like human beings do).
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