#International_Tech_News
#THE_UGLY_TRUTH.
HEADS UP! #REPOST from 2016
As with anything to do with Currencie$ there are Downsides as well as Upside$.
On the upside the competition for #crypto_mining is fierce. The whole idea to crypto mining is for the #miners to #confirm that each #block in the #chain is #ACCURATE. #Internal_policing is used to confirm all transaction in each block multiple, multiple times. This #insures #high_integrity of each #transaction -which is also referred to as a #Hard_Promise. #Unlike_Banks that offer only #Soft_Promises -while our "Dollars" are picked at -until gone..
An #CRYPTO_COIN transaction is NOT a payment. A #CRYPTO_COIN transaction is a Program, which is referred to as the technology known as #BLOCKCHAIN.
Its not the "payment" that is irreversible, its the #BLOCKCHAIN_PROGRAM" that is Irreversible. Transactions CANNOT be #APPEALED, #REVERSED (a big one) or #CENSORED.
#Cryptocurrencies built on blockchain technology offers SOLID #Security, #Privacy, #DECENTRALIZATION and #Autonomy.
#Banks simply cannot #Compete with this Technology..
AUTHOR: DAVIDV
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