a standard international bank transfer would take up to four days and it costs money to correspond to banks exchange rates and fees would make a transfer of two hundred fifty euros twenty eight euros more expensive whereas crypto currency is transferred wallet to wallet and incurs almost no extra costs. there s no bank involved no state no central bank and no privacy concerns. crypto currency isn t logged in any central location every transaction is replicated on millions of computers and recorded in a block chain that can be accessed by all users but the transactions are anonymous that means kitty could be buying drugs or weapons without the police knowing that s been damaging to crypto currencies image there also security concerns in august twenty sixth hackers stole fifty eight million euros worth of bitcoins causing the price to plunge twenty percent there are now almost two thousand crypto currencies
too soon to say that everything that s been built up over thousands of years is on its way out but it does look like we are heading in that direction. both favor regulation of crypto currencies to make the more attractive carsten in order to combat the criminals. well turning away from criminals and speculators maybe there are other people in my five block chain based currencies attractive what about communities creating new money for social good using crypto currencies a new digital cohen is banking on the idea that people can profit from voluntarily solving problems in the world around them. the existing economic system is creating environmental pollution poverty and just consider the distribution of wealth swarts what it is a disaster saw obviously we need
like cannabis coin or snake eyes is even a trump coin and a putin coin as well is a breakdown of how crypto currency is work. what is a crypto currency. the internet and on a. narrow not real money but crypto assets which he manages with the help of a smartphone app as do some twenty six million others around the world kitty stores her cryptocurrency in what s called a wallet it s anonymous and encrypted she can use her digital currency to buy pretty much anything on line a growing number of businesses accept these currencies for example kitty could book a hotel in moscow the payment process takes ten minutes in comparison a standard international bank transfer would take up to four days and it costs money to correspond to banks exchange rates and fees would make
screwed everybody over and we almost had like massive catastrophe but right now this is a new type of financial instrument and you monetary system gave us the potential to maybe create something new bitcoin is the original crypto currency and i think right now it s been frustrating about how the old world economy has been catching up how old world investors have been catching up because we ve got a quite a long. from let s say more of the beginnings of currencies into what we re seeing now the only way the crypto really goes well is by integrating with the traditional world because they re started out as an anarchist project but cryptocurrency is a chain and now mainstream big banks and investors have got involved. they have discovered you can also speculate with because. ninety six percent of all bitcoins belong to four percent of the honus so just a few profit from sorry prices and risk losing their shirt the exchange rate is extremely volatile. some claim cryptocurrency going to bec
a new economic system based on you know practical principles dorrian the community looks for problems and when we find one the solution will be financed and financing the solution creates currency. it s about education and expanding skills it s about diseases and water and about providing care for all areas the dory i m supports just about any solution for a problem that makes a difference in the world we reward new ideas. and the. sharp elbows in strength is what it takes to win in american football and above all team spirit and the desire to achieve something good. that also applies to the coaches they all work for the dom stock diamonds on