VeeShenge

Cryptocurrency is created using encryption algorithms, yes this is true, and cryptocurrencies relies on cryptography and cryptology for its security of communication between users and authentication, yes true again. But I argue here, that these as true as they are do not justify the price. I also go a bit into the discussion of the uses of high level encryption, cryptography in our day to day lives in military in business and point to how these very important uses have not resulted in us being charged insane and unexplainable prices as cryptocurrency has done. I argue in fact that cryptocurrency paddlers use the fact that it is highly encrypted and based on a secure system based on cryptography, they use these facts to shake down investors. The argument is that the attempts to justify its price by citing cryptography are an overt misdirection and a dog and pony show. Find links to my previous videos on crypto currencies here: First video recorded last year: https://youtu.be/Ib-f8qzIYa4 Second video which I recorded last week: https://youtu.be/S50ysAJe0KA

This is my second video on my opinion about Crypto currency which is mostly negative as you will soon discover after watching this video. I also wanted to share with you the link to my first take on crypto which was situated as analysis of post FTX crisis last year you can find this video herehttps://youtu.be/Ib-f8qzIYa4

Apologies for the abrupt ending of the video. I had the battery ran out unexpectedly.

Editoral notes: The South African official/reduced/strict unemployment rate was stated in the video to be 40%, the correct figure is around 35%, 40% is for the expanded/full unemployment rate. Apologies for the error. Also the video begins rather abruptly, due to technical error in the recording, no content of significance was lost due to this. Apologies here too. Select Show Notes: https://infogram.com/monthly-income-levels-in-sa-1hnp27p9weey2gq?fbclid=IwAR1u00HXs6kRYFDW379tJcYmOWr-PfpKNDA0xfUEegmjlhpfc_G44BPpoh0 https://mybroadband.co.za/news/business/399659-south-africa-now-has-7-2-million-unemployed-people-and-rising.html?fbclid=IwAR0xvcrVvRl4MVwCd94wKmhmU8TWuC9jRWX6LsVkR5wzIeBBFvFqT-fIQKc https://www.brookings.edu/blog/africa-in-focus/2020/11/20/lockdown-economics-in-south-africa-social-assistance-and-the-ramaphosa-stimulus-package/ The following link is a Webinar with four investment experts - Magnus Heystek, Magda Wierzycka, Mike Schüssler and Glyn Owen it covers a variety of economic metrics some that I touched on, and some that I did not that look at the economic situation of South Africa in the past 10 years and some limited projections/outlook based on what has been seen in the past 10 years: https://www.youtube.com/watch?v=roXDXPiXx44&ab_channel=BrenthurstWealthManagement The following is a academic paper, if you can't view it from "Wiley online", send me an email to shengev@gmail.com I will share it with you, you must agree to fair usage of this academic work https://onlinelibrary.wiley.com/doi/10.1111/saje.12277