Home Finance News Cryptocurrency is a People Created World – a Metaverse with its Ecosystem of Protocols

Cryptocurrency is a People Created World – a Metaverse with its Ecosystem of Protocols

Metaverse
  • Real People Real Cryptocurrency
  • PoW, PoS, PoA
  • Hardware Software Mining Rigs
  • Metaverse

What is the cryptocurrency market?  The world of cryptocurrency is made up of real people, not just computers. So those who say that the cryptocurrency world runs without people are fooling around.

To sustain the cryptocurrency world, we need gadgets, electricity from a natural source, whether renewable or non-renewable.  We need the power to keep PoW, PoS, PoA, or any consensus protocol to survive. And to give consensus, vote or not vote, we need real people sitting behind the computer or Android and operating their decisions.

Money of any kind is meant to provide for the fundamental requirements of survival like food, clothing, shelter, education, medical bills, and retirement funds. It is people who need all these.  So, it is people who run the cryptocurrency space to have one or the other needs of theirs fulfilled.

We need hardware and software. We need mining rigs, a graphics processing unit, ASIC. We need real human beings who will invest in all of this equipment, pay electricity bills, install software, open wallets, collect their incentives, buy and sell in real-time.

We need exchanges where real people buy and sell from real people.  The exchanges need to be functioning round the clock with a backend office.  Again, exchanges need to be backed by real CEOs and thought leaders.  They need to have a customer support backend team.

Fiat money, whether USD, EUR, GBP, YEN, or anything you name, should be the primary investment.  There are privacy coins talking about anonymity, but the primary entry point in the cryptocurrency space needs some kind of identity information. Tracking can be hard, harder, or hardest, but it is not mission impossible. So, your spending in the blockchain space is super anonymous and not worth the time and energy for anyone to be tracking it.

If governments make mining illegal, the industry can probably be called doomed—however, the smarter the cop, the smarter the thief, and vice versa. So innovators are going to establish grand reasons to keep the show going.

Those who have a lot of money will not know what to do with it; they need a place to invest.  There will be a lot of people who will need money, and they will be willing to borrow to move ahead to the next level. So, everyone who has money to put into the cryptocurrency space to sustain a blockchain is a modern world capitalist. The amount of value they invest can be small, but the value is value.  The combined power of mini, macro, and whale size investments run the cryptocurrency market.  Those who hold crypto, those who sell crypto, those who buy crypto, those who invest in yield farming, those who create NFTS are people behind every IOTA activity in the cryptocurrency space.

Cryptocurrency is a people-created world – a Metaverse with its protocol.

 

 

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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