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RE: 5 Answers to the 5 Questions that my Friends Constantly Ask Me About Crypto

in #steem8 years ago

Beautiful piece @khaleelkazi.
People really want to know what crypto is all about but it's digital or abstract-like nature makes it challenging to them, especially when they are used mainly to fiat transactions.

In my opinion, Crypto won’t disappear for 2 main reasons - (1) because there are a plethora of projects that offer highly varied use cases. (2) Because the technology is orders of magnitudes better than traditional systems. Compare the current banking industry to a secured cryptocurrency - the banking industry can take several days to process transfers and also can carry hefty fees for the usage of its services. A proper decentralized peer-to-peer currency on the other hand has no regional borders, very little fees, and near-instant transaction times.

This in my opinion, is the most troubling question such people have. They often confuse cryptocurrency with ponzi schemes. Well, do I blame them? No, but gradually, we will enlighten the globe. Good job💪