What are your thoughts about cryptocurrency?

I like cryptos and why they’re decentralised is my concern? A country’s government cannot govern and produce more than one type of currency but they can allow cryptos to be traded as stocks and other assets or commodities, hence they’re traded as ETFs which is an easier form to settle down after the boom.

So if you can afford to take risk in stocks then you can afford to collect cryptos too. But the interesting part about cryptos is the businesses they back, support and produce.

A crypto is harvested using blockchain technology as it’s called cryptocurrency mining. Like wise then these cryptos are used to channel different types of businesses where their legality is questioned depending upon the transaction it supports.

There are rumours that cryptos are traded to buy illegal defence contracts against countries. So their decentralisation is something that makes them more skeptical and intriguing, an oligarch can own its own blockchain mining platform to support its businesses without producing its legality and authenticity.

While a common man can definitely trade in these mined virtual currencies to pay off their pizzas or a dark web wallet. Nonetheless, if you’re mining them it’s still not cheap and if you own them it’s still so expensive.