Great report! I'm still looking for a way to implement usage of smart coins. What can they be used for? Where does the value come from?
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Great report! I'm still looking for a way to implement usage of smart coins. What can they be used for? Where does the value come from?
@brianlewis, I love this question. Short answer: Trust. When I go to the bank and given them my money, I have faith they are going to give me my money back when I want it. There is no guarantee they will...but the current system has established that I can trust the bank. However, with crypto, if I deposit value into crypto currency, I can trust that I will get back what I put in, because the system is obligated to distribute the value. What I want to know, is how do we stabilize the system?
Thank you for the explanation and great information. You are helping the community to GROW !!