How to Fully Understand Cryptocurrency
The best way to understand cryptocurrency is to Join Twetch
The purpose of cryptocurrency is a high volume digital currency for the Internet economy. There are millions, billions and eventually trillions and beyond transactions that can take place in a digital economy. How do you know what information requires computing power and electricity use if you don’t know which information is more important?
The purpose of search engines was to find information more quickly and more accurately. Cryptocurrency properly applied is about placing value on information to facilitate its spread, along with efficient use of time and energy. We use money to price these things.
Google can be replaced with cryptocurrency because we can identify valuable information if we can put a price on it. Lots of information is very low value though, in terms of U.S. dollars. How much more valuable is it to click one link over another? How much money do you save by not clicking on a clickbait article?
People got hung up on the “money” aspect of cryptocurrency. It isn’t money like U.S. dollars. It is an information currency. BTC went in a totally wrong direction with “digital gold.” We don’t need digital chits. We need extremely fractionalized, high velocity digital cash for transactions between computers. Everything we do on the Internet is transactions between computers…
Twetch is the consumer facing side of the digital economy. It’s essentially a Twitter clone that does far more, and is far more powerful because it uses crytocurrency. Twetch already can be used as a replacement for both Twitter and Paypal. It solves problems of payments, spam, bots and even to some extent useless commentary.
By using Twetch, you can see the outer surface of an economy built on cryptocurrency. It costs 2 cents to post. There are no ads and spam is non-existent. If someone likes or “retweets” your post, you will earn your money back. It’s free to sign up. It’s totally free to read, although it costs 10 cents to follow people.
If you join and post (the first one is free), I’ll like your post and follow you, providing enough money for several more posts.
Get on Twetch
I can explain it to you, but I can’t understand it for you. The best way to understand it is to use it, and think about the implications of what can already be done with cryptocurrency and how much more is possible.
I read Satoshi’s white paper in 2010. I printed it out and studied it. I knew something big was possible.
If you have even a passing interest in cryptocurrency or think it can be something big, you should have a Twetch account.