I sometimes get asked what I think of cryptocurrency. I think that cryptocurrencies represent a new asset class that is based on the large scale coordination of computer networks to secure financial transactions. They allow the holder to exchange funds without the need for a central intermediary like a bank or payment processor. Instead, the transactions are recorded by the users of the network who perform this service in exchange for transaction fees.
On cryptocurrency
On cryptocurrency
On cryptocurrency
I sometimes get asked what I think of cryptocurrency. I think that cryptocurrencies represent a new asset class that is based on the large scale coordination of computer networks to secure financial transactions. They allow the holder to exchange funds without the need for a central intermediary like a bank or payment processor. Instead, the transactions are recorded by the users of the network who perform this service in exchange for transaction fees.