Criticism of Cryptocurrencies - Deepstash
The Psychology of Money

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The Psychology of Money

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Criticism of Cryptocurrencies

Cryptocurrencies have been in the news for the wrong reasons, leading to many attempts to demolish or regulate them.

The underlying technology of cryptocurrencies makes it undeniably powerful and disruptive, and this will increase as technology moves forward.

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Blockchains

  • Cryptocurrencies work in a decentralized form due to the technology engine called Blockchain.
  • Digital ledgers add on to all the transactions happening digitally, and they can be having tons of information stored, due to them being digital.
  • The problem of security is handled b...

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A Work in Progress

Cryptocurrencies are new and constantly improved due to their digital nature.

Blockchain, the revolutionary technology is now being applied to increasingly complicated work.

Example: Ethereum Blockchain work is a decentralized verification process for contracts.

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Cryptocurrency Explained

Cryptocurrencies are a new, digital, and secure form of currencies. They have special encryption techniques that make them virtually impossible to be tracked or be stolen.

Cryptocurrencies use a revolutionary method of encrypted digital distribution known as 'blockchain'...

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The Mining Process

The process of 'mining' is used to add new capital in the cryptocurrency database.

Mining is a verification process that works on the blockchain using a massive amount of computing power. The 'miners' who use such strong computing power 'earn' cryptocurrency for each verificati...

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The Value of Cryptocurrency 

The Value of Cryptocurrency 

Digital currencies are tricky when it comes to their value.

Initially, they had value due to their being encrypted and secure, and now there is some fluctuation. 

Cryptocurrencies have an intrinsic value mainly because of the mass adoption of the currency and the buyers, who sp...

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Music geek. Coffeeaholic. Travel advocate. Social media maven. Certified tv guru.

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Why are cryptocurrencies so popular?

Some of the reasons:

  • Some see cryptocurrencies such as Bitcoin as the currency of the future and are racing to buy them now, presumably before they become more valuable
  • Some like the fact that cryptocurrency removes central banks from managing the money supply ...

Judgment, Or The Stories We Tell Ourselves

Awareness of the stories we create about our life to make sense out of where we fit into the world is particularly necessary. Many of the stories have been programmed in by our family, friends, and society. A high percentage of them are actually cognitive distortions that continue to keep...

Blockchain: The Engine Of The New World

Blockchain: The Engine Of The New World

Many of us have heard of cryptocurrencies (like Bitcoin), which have exploded in value in the last ten years. The underlying technology, blockchain, is the heart of crypto and many other new digital applications and ecosystems.

Blockchain is a digital archive or registry, w...

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