Is cryptocurrency just the tangible financial incentive for individuals to lend their processing power to a decentralized network that keeps track of a permanent ledger? Is that all it is???

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Anonymous Mon Mar 2 06:20:23 2020 No.17532276 [Reply] [Original]

Is cryptocurrency just the tangible financial incentive for individuals to lend their processing power to a decentralized network that keeps track of a permanent ledger?

Is that all it is???

Anonymous Mon Mar 2 06:23:28 2020 No.17532307

>>17532276
More or less. Plus a couple glorified data/price pullers. Something something futures something something derivatives something something trust in a decentralised network and that’s why every run of the mill newfag on /biz/ will be a millionaire by 2022!

Anonymous Mon Mar 2 06:23:29 2020 No.17532308

the 'coins' are the reward mechanism for verifying the integrity of the record
they represent the inherent value of the record kept

some crypto has other things built on top of it, with the coin as the reward for contributing processing power to running whatever it is, such as the ethereum virtual machine

>>	Anonymous Mon Mar 2 08:41:09 2020 No.17533622 >>17532276 >lend no

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