Verge: I thought everyone knew this?
Updated
This really seems to be catching on.
Originally, when I posted about Verge being DogeCoin Dark, and sharing the visualization of this divergence, I thought that it was common knowledge that Dogecoin Dark changed to Verge early on.
Now, over the last couple of weeks, with all of the hype over DogeCoin + insane new ATH's for DogeCoin, people are starting to talk about this.
It's funny because Verge has a use-case that Dogecoin does not - privacy and anonymity aka. THE NAME OF THE GAME.
I don't know how this is getting so confused, but with so many people joining the cryptocurrency space, the fundamentals seem to be getting overlooked and largely forgotten.
On Reddit today, someone literally said, "I thought the entire point of cryptocurrencies was to shift financial power to be accessible to everyone in equal measures."
While that is a great thing to imagine, it could not be less true for what crypto-currency provides.
Crypto-currencies (in general) have a max supply, meaning that a monopoly can occur and cannot be shifted from that currency.
Access to crypto-currency is still more available to the wealthy (if you're reading this, I am about 95% sure you fall into this category), which means this will only shift more value away from those in poverty.
Most Crypto-currencies have a block-chain where addresses are associated with IDENTITIES on CENTRALISED and COMPLIANT exchanges.
With this, Cryptocurrencies are taxed just like fiat.
Anonymity is the only certain factor that can be provided and should be depended on to bring value to a currency.
It's amazing that some of the largest brokerages are still bowing to the restrictions placed on them by governments to not support "privacy coins".
This just shows that they still can't beat the architecture.
Ironically, these coins get portrayed in a negative light by centralized authorities (including exchanges).
SINCE WHEN WAS ANONYMITY A NEGATIVE TRAIT?
THAT IS THE POINT OF ALL OF THIS!
Anyway, let us get back to the basics.
Buy Verge.
Originally, when I posted about Verge being DogeCoin Dark, and sharing the visualization of this divergence, I thought that it was common knowledge that Dogecoin Dark changed to Verge early on.
Now, over the last couple of weeks, with all of the hype over DogeCoin + insane new ATH's for DogeCoin, people are starting to talk about this.
It's funny because Verge has a use-case that Dogecoin does not - privacy and anonymity aka. THE NAME OF THE GAME.
I don't know how this is getting so confused, but with so many people joining the cryptocurrency space, the fundamentals seem to be getting overlooked and largely forgotten.
On Reddit today, someone literally said, "I thought the entire point of cryptocurrencies was to shift financial power to be accessible to everyone in equal measures."
While that is a great thing to imagine, it could not be less true for what crypto-currency provides.
Crypto-currencies (in general) have a max supply, meaning that a monopoly can occur and cannot be shifted from that currency.
Access to crypto-currency is still more available to the wealthy (if you're reading this, I am about 95% sure you fall into this category), which means this will only shift more value away from those in poverty.
Most Crypto-currencies have a block-chain where addresses are associated with IDENTITIES on CENTRALISED and COMPLIANT exchanges.
With this, Cryptocurrencies are taxed just like fiat.
Anonymity is the only certain factor that can be provided and should be depended on to bring value to a currency.
It's amazing that some of the largest brokerages are still bowing to the restrictions placed on them by governments to not support "privacy coins".
This just shows that they still can't beat the architecture.
Ironically, these coins get portrayed in a negative light by centralized authorities (including exchanges).
SINCE WHEN WAS ANONYMITY A NEGATIVE TRAIT?
THAT IS THE POINT OF ALL OF THIS!
Anyway, let us get back to the basics.
Buy Verge.
Note
Here we go!
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