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martedì 9 giugno 2020

Living on crypto? Why not! Lesson #1

Someone asked me if you can do without bank accounts with bitcoin. I said yes and I told them you can even be happy!


I started to be interested in crypto from the beginning, but I considered them (and for a long time) as an interesting and sophisticated cryptography experiment, without any effect on real life.

You want for the continuous fluctuation of their value, you want for the impossibility to spend them easily in public services or to pay bills. A few years ago, even exchanging or selling any crypto for fiat money wasn't easy at all... far from it.

Initially the difficulty was mainly to be able to properly store cryptocurrency and above all to understand what was being handled, with time I learned that storing crypto on Exchange was not the best option indeed!

Although this first article will not focus on how to store Crypto, (it's only lesson No.1 remember), it's important that you know that you can't consider yourself a crypto owner if you don't have private keys, so the equation No private key No crypto! It's true.

Although keeping crypto properly is crucial, with lesson #.1 I'd like you to understand why it's important for you to own Crypto.

Although things have changed a lot lately, today we can say that living on crypto is not difficult at all.

So let's start with the basics, but not before making a proper introduction.

Read article on https://cryptologist.substack.com/