What Is Cryptocurrency?

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Let’s learn about money that only exists digitally and can sometimes make you rich. GMM 362!
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Feathercoin is a Global digital currency not backed by any bank or institution. This gives users complete control of their wealth. At its core is a community that welcomes people in and helps further understanding and acceptance of Feathercoin. Join them on their forum at http:\www.feathercoin.com.

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19 COMMENTS

  1. The only problem with bit coin is that it is digital… Someone can get 1bit coin and then, with some programming knowledge, find the address where the number of bit coins they have is stored with a hexadecimal editor and change that number to give them as many bit coins as they want aka: get a bit coin and turn it into millions with a few clicks of a mouse! The address where the number of bitcoins is stored is probably encrypted, for security, though but within anywhere from 5 to 60 min. , an experienced hacker can decrypt the data and change how many bit coins they have.

  2. The tradeoff of sorts will be, how much money will it cost you to buy the hardware (either an ASIC or a GPU) to do the mining relatively efficiently, plus the electricity cost, versus going to an exchange to buy some cryptocurrency (e.g. Feathercoin or Bitcoin)?

  3. The Federal Reserve is actually a privately owned bank and what about dollars ? You cant just get bitcoin. You need to actually mine it, similar to gold. there is only so much bitcoin you can get in the world and its starting to run out?

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