Cryptocurrency decrypted ,Is another scam at global level waiting to happen
At the outset, let me clarify that Bitcoin(cryptocurrency) itself is not a scam, but how Bitcoin is being sold is a scam. More about that below. Bitcoin is the latest buzzword in town and everywhere one goes ,real or virtual world ,one is bombarded with bitcoin prices and other details thus I thought of sharing my 2 cents on this topic . Some recent development why a lot of people have jumped on this bandwagon Have risen more than 15 times in last 1 year Touted as a boundaryless currency which is not governed by any government Transferring money at a click of button Highly secured To understand crypto currency one has to first understand blockchain which is the basic idea whose offshoot is bitcoin or crypto currency . Block chain A friend posted this beautiful explanation of block chain for dummies Let us assume that there are two people Ram and Shyam. Ram borrows some money from Shyam and Shyam writes it on a piece of...