Finance News

Story: Trust Is completely different From verification – Cryptocurrency cannot function…

By Steven Anderson

1 / 10

Money is particularly confusing, regardless of the mathematics of individual finance.  It is not surprising to see that many people are confused about cryptocurrencies.

2 / 10

Some people find it hard to wrap their head around any cryptocurrency whether Litecoin, Dodge Coin, TCAT tokens, Bitcoin, Ethereum or any token in the cryptocurrency space.

3 / 10

Astonishing price drops did not only shock the speculative investors, but it confused the average Joe as well.

4 / 10

When the traditional financial institutions like JP Morgan Chase came up with their cryptocurrency, there has been a lot of media attention to it.

5 / 10

On in-depth analysis, it can be seen that there is a lot of hype than value.  It all started when Satoshi Nakamoto stated, “We have proposed a system for electronic…

6 / 10

While there is already a lot of information doing the rounds about how blockchains eliminate trust, displace, and reshape value, blockchains in reality have not reached a stage…

7 / 10

The society cannot function without trust. Trust is very important in any transaction.  Blockchain should be able to enable a similar trust.

8 / 10

Verification is not in reality trust.  Trust is completely different from verification. The coming of cryptocurrencies and the blockchain technology does not, in reality,…

9 / 10

The ability to make permanent changes in the rules is important because, at one point in time or other, there will be a need to make lasting changes in regulations.

10 / 10

While modern banking methods are reversible in the way they operate, the Bitcoin is not reversible.

The Currency Analytics

Want the full story?