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LBRY Claims • cryptocurrency-pros-cons

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23 Oct 2019 18:12:23 UTC
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CryptoCurrency: Pros & Cons
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LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW


If you are brand stinkin’ new to learning about crypto currencies I’m sure you’ve got a lot of questions. At least I hope you have a lot of questions, it’s good if you do, it means you’re a critical thinker. There’s lots to be weary of in the crypto space and the more questions you ask the easier it will be to come to your own conclusions. After all, if you decide to invest your money, it’s just that, YOUR money. Be smart, educate yourself and if I were to give any investment advice it would be this: invest in coins or projects that you believe in and want to support, invest in projects, that in your opinion, provide real solutions.

Okay, so I’d like to address some commonly asked questions that are aimed at Bitcoin, but really, they apply to most cryptocurrencies. First, what are the benefits to Bitcoin or cryptocurrencies?

* Freedom - This means that bitcoin and alt coins enable you to send and receive any amount of money instantly anywhere in the world at any time. No bank holidays. No borders. No imposed limits. They allows users to be in full control of their money.
* Fewer risks for merchants - Transactions are secure, irreversible, and do not contain customers’ sensitive or personal information. This protects merchants from losses caused by fraud or fraudulent chargebacks. The net results are lower fees, larger markets, and fewer administrative costs.
* Security and control - Users of crypto are in full control of their transactions; it is impossible for merchants to force unwanted or unnoticed charges as can happen with other payment methods. Payments can be made without personal information tied to the transaction. This offers strong protection against identity theft. Not to mention the fact that users can also protect their money with backup and encryption.
* Transparent and neutral - All information concerning the money supply itself is readily available on the blockchain for anybody t
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