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Reply to "If you have more than a million in investments, have you purchased BITCOIN in any form? if so how much?"
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[quote=Anonymous][quote=Anonymous]Random youtubers create their own cryptocurrency. Their followers spend millions on the "coins". What problem is this solving, and why is this a good thing? https://www.bbc.com/news/articles/c89xvjkzzyvo There are over 100k different "scam" tokens out there: https://www.securities.io/5-worst-rug-pulls-in-crypto/ Lots of red flags in my finanicially risk-averse mind.[/quote] In terms of "problem solved" - read up on the "byzantine generals problem", proof-of-work and Elliptic Curve Digital Signature Algorithm. WRT scams - there are literally scams everywhere in the financial word and commerce in general, that's not unique or exclusive to crypto currency. Your main issue is your lack of understanding of the underpinning so to you and others like you, the risk seem greater than it actually is. [/quote]
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