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RE: Yahoo Finance lists Steem (and 100+ other cryptocurrencies)

in #yahoo7 years ago

Cryptocurrency is the future, people will doubt this but try to understand how it works, paper money has a value because we look it that way but generally it’s just a paper that generate trust in a transaction because the government is backing it up, the difference is that paper money can be manipulated by some firm or the government itself, its a centralised form of process. Cryptocurrency act differently it’s transparent between traders each trade for example must be agreed by the network composed by the traders machine, and every machine can see if it’s a fake transaction/exchange, it so hard to counterfeit and manipulated, it uses the cryptography kind of technology to secure every transaction (is the same technology used to protect data that goes to public internet ‘https’) and most importantly each single transaction is recorded it’s impossible to delete old transaction because it’s listed on every traders machine if someone try to do it some traders will see and mark it as invalid transaction.