Most of the questions may sound idiotic but i guess that is why i am called a MINNOW. :-)
Please help me with the below questions which i have no reasonable answers to. Also please tell me if i am wrong anywhere to raise such questions.
Q1. How safe are cryptocurrencies? There are numerous reports of how sites like silk roads are using it for criminal activities. If there will be a crackdown, how safe will the investments be? We do not pay taxes for any transactions and there is not policing. Please advice.
Q2. Where can we currently use these currencies? What are the projects that "whales" are involved in - supporting minnows is a great platform - but what besides steem?
Q3. There is no delegations or nominations in case of injury or death. What happens to the money after that?
Q4. Who is paying exactly for the likes? Why cant facebooks and other platforms despite having billions of users dont have this?
I think it is a risk you have to be willing to take. I think this crypto currency is going to be big in the future. But I also think it is a long term investment and should not be your only type of investment....diversify