Cryptocurrency: What the heck is it?

Version 1: I read.  I am an avid reader for a reason.  It is because I love to learn. However, one topic — cryptocurrency — and the blockchain it is built on (or at least I think that’s what it’s built on) are constantly changing and confusing to understand.  Anyone else with me?  Or can anyone drop a comment and explain to me who, what, when, where, and why?

– Buzz

P.S. Bitcoin sounds cool @parsec!

Edit: I bought a little Bitcoin last week when it was 3095…it’s up nearly a thousand dollars within a week.  Crazy! I bought a hardware wallet which is a cool piece of technology, and did my research on the “public ledger”.  I am interested in potentially investing in some alternative coins (i.e. Litecoin) or an entirely different technology such as Ethereum.  I will keep everyone updated!

Please drop a comment about your situation with cryptocurrencies and technologies.

– Buzz

One Reply to “Cryptocurrency: What the heck is it?”

  1. I’ve found that Bitcoin is difficult to understand even for technical people. While Bitcoin value has risen substantially recently, I know someone that lost about $10,000 a few years ago. It’s very hard to judge “why” Bitcoin value changes as well. Still, it’s worth experimenting with as Bitcoin or something similar may very well become our universal currency (a.k.a “credits” in every SciFi movie).

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