In this section I will quickly explain what the cryptocurrency is and what this bloke saying and how
can they rebel lose trust completely revolutionize our work to simply currency is a currency that is
worthwhile.
As you probably know we already use lots of cops we saw MasterCard American Express and many cards to
pay in a worthwhile way.
But we still use normal course euros and those are us and it's not completely virtual.
But when it comes to cryptocurrency is they are completely worth to our There is not like like this
paper money here.
There is not like 20 bitcoins in a paper money.
They are worthwhile like you pay for example with the MasterCard then you pay will to play.
And also it's crypto currencies you can pay.
We're told there are many cards that you can already use in McIndoe subway supermarket hotels restaurants
and thousands of places where you can already pay with cryptocurrency and they are completely worthwhile.
Then you don't have this kind of paper money and there is this group to Krafty and security.
So it's all cramped and it follows the programming.
Everything goes based on the way it's programmed and everybody you me anybody in the world can take
to programming how it goes and how it works.
It's public on the Internet.
One interesting factor with crypto currencies is that there is no silver rain Cointreau for example
any country doesn't control the system.
When we talk about dhole are for example we talk about U.S. dollar the dollar of the United States or
when we talk about Europe.
It's from European Union.
When we talk about Turkish lira it's from Turkey but with cryptocurrency they are global.
One country doesn't control the system.
They can be used everywhere in Europe in United States in Zimbabwe in Finland in England in China in
Japan anywhere anywhere in the world.
For example if I called the United States I now need to get these two dollars when I go to Finland I
need to have euros when I go to Turkey I need to have the.
But why not use cryptocurrency.
I can use them in every country.
And that's how it works.
Then you compare these central banks who have all the power now.
So let's say that European central banks they decide OK we will print more euros.
Then it goes through their routines and the system and then they say OK now we will put X amount of
euros more and then they print these papers more and there are more money.
But with cryptocurrency is it's not possible.
It's already predetermined and programmed.
How many cryptocurrency there will be in the world.
For example the most common one is Bitcoin and the total supply will be in the circulation is twenty
one million.
Now I'm simply explaining what this block same look sane is probably the single most important word
when it comes to crypto currencies.
Block chain is a ledger where all transactions are recorded.
Let me give you an example.
If I send money to you or you sent money to me it's all recorded in the Netzer called look sane and
the history is locked and it's completely transparent so everybody can see the transactions that are
being made.
Nobody can change the system because it's locked so all transactions are recorded in the block say in
which is programmed it's locked and nobody can change it.
There are different applications for for this book taking in different crypto currencies.
And we will talk more about them in the future.
And crypto currencies are completely revenue solar array technologies and I would like to compare them
to Internet compeer thirst social media mobile phones and other innovations that say that we go back
in time for 20 years and we will talk with people about the Internet.
People would say what is the internet.
I have heard about it.
Is it something like this or 10 years ago about Facebook.
I have a friend talk about Facebook.
I don't really know that these are computers that say 30 years ago whether computers are maybe we don't
need them we don't need them and there are many comments about the Internet about computers about social
media about mobile phones.
And people probably say that we don't need them they are not useful and many other things.
Despite all this what people say and so many people in the world are today using for example smart phones
internet computers social media.
There are more than 2 billion people in Facebook.
Four billion people on the Internet.
So many people are using the computers and we could say that in the developed countries pretty much
everybody is using these in a way since and the same can happen with crypto currencies with the power
of books saying technology.
One of the leaders in the Bitcoin and cryptocurrency world Andres Antonio Poulos has said when children
who are born today get told AIDS where they really start using money there is no paper money it means
that the children who are born today when they become let's say 18 or 21 years old.
There is no paper money undresses that there are cryptocurrency.
And that's what we are using and that's the future.
He's saying these open source of opportunity that I will explain you in the next section.