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UPS Retirement Topics
Bitcoin/Ethereum/cryptocurrencies
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<blockquote data-quote="wilberforce15" data-source="post: 4838874" data-attributes="member: 5053"><p>Cryptocurrency is perhaps best understood, if it's a bit fuzzy, like instead of buying the things built on the tools - the websites and companies. You guy the thing that those people use. </p><p></p><p>So, instead of buying an internet company in the 90's, you're buying the internet protocols and programming languages themselves. If those protocols are used for applications to be built on, the price of them will go up through demand. If they are unused by applications, the protocols will not have value. </p><p></p><p>It's rough, but it's like buying languages and protocols instead of companies or currencies.</p></blockquote><p></p>
[QUOTE="wilberforce15, post: 4838874, member: 5053"] Cryptocurrency is perhaps best understood, if it's a bit fuzzy, like instead of buying the things built on the tools - the websites and companies. You guy the thing that those people use. So, instead of buying an internet company in the 90's, you're buying the internet protocols and programming languages themselves. If those protocols are used for applications to be built on, the price of them will go up through demand. If they are unused by applications, the protocols will not have value. It's rough, but it's like buying languages and protocols instead of companies or currencies. [/QUOTE]
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