Cryptocurrency in simple details.

[Pat Mustard]

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.

Funny joke. In reality crypto doesn't even raise to being a fiat currency. Because cryptocurrencies have nothing backing them apart from scams and lies.

Of course, anybody who knows anything about how currencies and economies work will tell you that the only way to run an economy is to have a currency that can expand in line with economic growth and anybody who knows anything about fiscal security will tell you the best way to back a currency is with the full faith and credit of a nation. The only type of currency that does that is fiat (properly managed). No other currency type comes close.