Cryptocurrency system challenges me! / myLot

Maseru, Lesotho

May 1, 2020 11:48am CST

I do understand the rationale for crypto currency that it reduces barriers which banking system have to regulate currencies. I however think the crypto currency is complicated. It feels like one must attend a workshop to fully understand how it works. Do you use crypto currency and what is your experience?

3 people like this

4 responses

Piyush bhatia

@piyushbhatia1 (11695)

• India

8 Jul 20

The crypto currency are not completely secure as claimed. There are number of instances of fraud and theft. It was supposed to be like torrent network where every node adds value. Here a person has to have very speed internet and higj speed processor just to be part of the node.

1 person likes this

Theresa Jonathan

@17gracemalealea (252)

• Maseru, Lesotho

8 Jul 20

I note your concerns and am grateful that you bring these flaws to our attention. Thank you for your insight.

Piyush bhatia

@piyushbhatia1 (11695)

• India

8 Jul 20

@17gracemalealea seriously is that possible to make chnages to the algorithm?

Mrki Krki

@mrki444 (15149)

• Croatia (Hrvatska)

1 May 20

I tried claim some on faucet but I give up. To much time for to less value.

Theresa Jonathan

@17gracemalealea (252)

• Maseru, Lesotho

1 May 20

It looks like you were discouraged by low rewards and not transaction processing technology. It encouraging that you are enlightened.

1 person likes this

rewards

Theresa Jonathan

@17gracemalealea (252)

• Maseru, Lesotho

1 May 20

@mrki444 Others do have lucrative rewards for launching their coins. I know two that I was introduced to...Ecoin and Coinsbit. I have to read and watch several video to withdraw the rewards. Thanks for not giving up because cryptocurrency is not going away.

Mrki Krki

@mrki444 (15149)

• Croatia (Hrvatska)

1 May 20

@17gracemalealea If there is some other way maybe I would give a shot. I only know for Steemit who pays for articles in crypto.

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