Cryptocurrency Explained: The Whats, the Hows, and the Whys

In this video I talk about what is Cryptocurrency, how it works on a basic level, the benefits that can come from the technology of blockchain which is the fundamental technology behind cryptocurrencies, and why people are attracted to this concept. I also briefly touch on what gives our current fiat currencies value and problems that can arise with these systems.Show more

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▬▬ Chapters ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬

00:00 - Intro
00:05 - What to Cover
00:32 - What gives cryptocurrency value
01:00 - What gives Fiat currency (USD) value
02:24 - What is cryptocurrency
03:40 - How cryptocurrency works (blockchain)
07:54 - Benefits of Cryptocurrency
11:40 - Current struggles and successes of cryptocurrency
08:58 - The future of Cryptocurrency
12:50 - My regards
12:58 - Outro

▬▬ Reference links and codes ▬▬▬▬▬▬▬▬

Join Coinbase
Earn $10 of Bitcoin when you purchase at least $100 of any cryptocurrency. Up to $40 of free cryptocurrencies can be earned through their education program, click the link below to join:
http://coinbase.com/join/mayfie_9y?src=ios-link

Join Binance.US - My preferred Cryptocurrency wallet app
https://accounts.binance.us/en/register?ref=52839730

Join Webull – now trading a limited amount of Cryptocurrencies
Earn 2 free stocks when you sign up with Webull and fund your account with at least $100 (within 30 days), click on the link below to join:
https://act.webull.com/it/Kss7G2KCCAgb/pdk/inviteUs/

Join Acorns
Passive investing for those new to investing. Earn $5 by joining with the link below:
https://tinyurl.com/motmacorns

Pi and Bee Network Referal Code:
TheMythicalMagikarp

Dogecoin tip wallet:

DJBxxwLysKedyJUPP3N8sxxynoUCrQQXEg

Safemoon tip wallet:

0x046EB8247290be1e87d13C7141c2c972AD20936D

▬▬ Legal Disclaimers ▬▬▬▬▬▬▬▬▬▬▬▬

Some images, videos, and other graphics used in the video were not created by me and therefore belong to their respective owners and I and by extension, this channel, do not claim any right to them.

Copyright Disclaimer under Section 107 of the Copyright Act of 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, education and research. Fair use is a use permitted by copyright statute that might otherwise be infringing.

Disclaimer: I am not currently a licensed financial professional. The videos produced on this channel should not be taken as financial advice. Nothing mentioned in my videos is intended to be a recommendation to purchase or sell any form of assets. Please consult with a licensed financial professional for any form of financial advice. I am not liable for any losses that you may incur from following any form of advice or information given in this video. Please do your own research before investing and trading in any form of assets mentioned here or elsewhere in order to take full responsibility for your own financial decisions and future returns.

▬▬ Hashtags ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬

#crypto #blockchain #cryptocurrency #fiatcurrency