Cryptocurrency in simple details.

[WinterHold]

Right now, you have "Russia-China" rivaling America. After the American defeat in Afghanistan it is obvious that this empire's currency is a thing of the past.

You're overstating Russia's global economic influence.  China is the fastest growing economy for sure and could overtake the US if it continues to grow and expand.  But you should be careful about looking forward to that day if you think China will be a friendly leader of the global economy.  They will be ruthless and unforgiving and you'll long for the days of American control.

And just stop it with this Afghan "defeat" meaning anything.  It's 100% irrelevant.  It means absolutely nothing in terms of world economic strength and power.  You are a complete idiot if you think otherwise.  I'm not saying this because I'm an American; it's because I understand a thing or two about the global economy and you clearly do not.

I don't know what your connect to Afghanistan is, but unless you are a Taliban member, you should be devastated about the Taliban takeover.  It marks the end of years of growth and improvement for the country and and end to massive freedoms for it's people.  It will plunge Afghanistan into decades of poverty and Taliban abuse.  I wouldn't send my worst enemy there.

China won't be a friend and Russia too; actually we Muslims tasted the Russians twice -once in Afghanistan and then in Syria-; they are monsters, fiends that kill at will to implement their strategy.

China showed its claws against Muslims in the famous "Uyghur" concentration camps: 1 thing for certain: the Chinese government despises Islam by concept.

Moreso; the Chinese government fought Cryptocurrency and is one of the biggest enemies of it. 

But don't forget: Russians reached to America's White House through Trump.

Playing "politics" with these sharks will lead you to drown; the American Deep State is one of the sharks also.

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In this topic I want to explain in a nutshell what "cryptocurrency" is, and why is this this new currency has value more precious than gold itself, so let's begin.
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-What is the concept of "cryptocurrency"?

A: simply, cryptocurrency is the "consumption & spending of electricity according to specific protocols and rules; to do that you must use special software known as "mining software". The mining software is designed to solve special -and very very hard mathematical equations-, spawned infinitely by a code known as the "block-chain".

So simply, you can imagine the "mining software" as your drill; the block-chain as the ground your drill works on; and cryptocurrency as the gold mined from that ground each time you succeed in solving an equation.

-What is electricity has to do with all of this?

A: to be able to mine, you need a computer. To be able to run a computer you need electricity.
    the more you "mine"; the more electricity you consume. 

-What if I cheated ?

A: you can't. Not any "electricity" is allowed; it must be "authentic power spent through a mining software using the one and only BLOCKCHAIN. The most famous currency validating that you actually used an authentic software to mine is "bitcoin" -which equals to 30 toilet papers -Dollars- for coin !-...or about that.

I tried to design a dummy blockchain following an IBM tutorial:

https://developer.ibm.com/gettingstarted/blockchain/

It's a fun tutorial in PYTHON. Of course it doesn't bring revenue; it's just a tutorial to understand how this system works.

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In the end, I bet it will make a new world order.

I still don’t understand. Can you explain it more simply?

Boru

Paper money equals to a certain "commodity" of value -like gold/silver/grain...etc; if you have 50 papers of money you should be able to go to the bank and exchange it with the "raw commodity".

Humans agreed through the ages to use "gold/silver" as the commodity to exchange for goods or services; in ancient times they used "the commodity straightforwardly"; evidence is the "ancient Roman gold coins" excavated.

As time progressed; and banker took control of the world; a more organized way to exchange "commodities"; so fiat money was introduced in the modern era by Nixon in 1971:

Fiat money started to predominate during the 20th century. Since President Nixon's decision to  in 1971, a system of national fiat currencies has been used globally.

https://en.wikipedia.org/wiki/Fiat_money

Any paper money you hold in your hand is "fiat money" -a mere banknote- that you should go to the bank and exchange for a commodity; the commodity of all money you see today is literally "nothing"; there is no gold backing your fiat money, there is no commodity also; the only commodity there is "trust" that America will stay the first and only superpower in the world.

And as long as the USA is the strongest power; your fiat money has a value.


Cryptocurrency is the negation of that. It is a secured currency that can only be generated using computers through the mining process; it can be exchanged for fiat currencies once it is mined.