LogFAQs > #928036823

@gloBal_enemy posted...

Fair enough. Thanks for the detailed explanation. I think Im too risk averse to put any serious coin in given I also have a $2m mortgage lol.

I still recommend you you try it out, even with $10. Heck, Coinbase gives away about $30 worth of crypto for watching a bunch of videos and you can consolidate to a single crypto currency (like Chainlink) to swing trade with or test out with. When you witness the beauty yet horror of the transparency of the network, how everyone can see your transactions and how you can see their transactions, when you experience for yourself being able to send crypto to ANYONE in the world as creating a crypto wallet is literally as simple as downloading a crypto wallet and opening it up, it'll blow you away on just how revolutionary this tech is.

People in Iran and in Cuba can bypass US sanctions through blockchain tech. And the US has sanctioned banks with fines over billions of dollars. Even for legal transactions, it takes time. I did a Moneygram and it cost me $20 to send $500 to someone on another island outside of the US territory in the Caribbean and it took a day to process. Crypto, it takes 5 minutes for a transaction to go through on the Ethereum network. 15 minutes on the considerably larger Bitcoin network. Less than a minute with the Stellar Network. And the network fees for the transaction were probably 20 cents at most.

I know it's a tall order to invest time into something you're not keen on or have no prior interest in, but I implore you, this is the future and is going to completely disrupt society as we know it. The big banks know this, and they know the US dollar's lifespan has a hard limit with crypto in existence. You don't need risk anything, just put in the bare minimum just to get the understanding and experience and hopefully it'll spark an interest in learning about the ebb and flow of money in this world and what gives currency its value.
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