In my previous post on cryptogene I discussed the basis and foundational knowledge of Cryptogene. Read here
“As the value goes up, heads start to swivel and skeptics begin to soften. Starting a new currency is easy, anyone can do it. The trick is getting people to accept it, because it is their use that gives the “money” value.”
– Adam B. Levine
Cryptogene
Today’s lecture, is for the doubtful “Thomases”. It is a fallacy of ignoramus to dismiss a worldview or viewpoint of something you have little or no knowledge about.
I tried introducing some persons to the recent cryptocurrency(cryptogene) launched in Nigeria to provide blockchain solutions especially for African countries. I perceived a lot of doubts, even though the doubt was expressed in an argument form, I saw a great dismissal of what I was saying as being fraudulent.
Today digital forms of money have turned into a worldwide phenomenon known to many people. Cryptocurrency in some way or the other has not been comprehended by the vast majority, while banks, governments and many organizations know about its significance.
To expel cryptogene as a fraud demonstrates an absence of comprehension: cryptogene is an innovation. It is unbiased and neutral.
So also, the individuals who expel cryptogene in light of the fact that it can't be spent as payments in numerous standard spots are likewise overlooking what's really important.
The reality of the situation may prove that "money" isn't the best word for cryptogene, but instead "computerized resource", "digital asset" or "token."
While individuals talk about needing more and more confirmation for cryptogene that would demonstrate its incentive to the standard economy, it is likely that bitcoin and other pre-existing digital currencies are already enough proof. All things considered, bitcoin has made about $100 billion in value from nothing.
Its consistent ascent/rise in value alone, up over 3,000% in the recent years means that the worth isn't melting Agway.
To conclude, I will advise my fellow country men/women to be wise in their investments. Rather than taking to ponzi schemes and all other peer to peer schemes that seems to give fast money but are fraudulent. I enjoin you to seize every investment opportunity presented to you to invest.
I leave you with this quote by Jason King,
“Hey, obviously this is a very interesting time to be in Bitcoin right now, but if you guys want to argue over whether this is reality or not, one Bitcoin will feed over 40 homeless people in Pensacola right now. If you guys want proof Bitcoin is real, send them to me, I’ll cash them out and feed homeless people.”
– Jason King