The Case for Crypto

A simple guide to understand cryptocurrency as a vehicle of for savings, investments and international finance — the author will not earn any money from seeming product endorsements or company names disclosed below.

Yes Celsius, SBF, Voyager, BlockFi went like skittles. Am I mad to read this? Maybe. The author has lost 23 Eth & 0.1 BTC to the Celsius collapse. He’s also a victim, not of crypto, but where he kept it. Dangerous wealth warning!

Crypto-currency was born after the financial crisis of 2008. With hindsight, it may have been inevitable. With the rise of the internet and emails, there could soon be tokens of money exchange you could ping back and forth between buyers, sellers or for loans, aid and charity. The genius behind Satoshi Nakamoto created a means to avoid double spend (the redeployment or recycling, copying and pasting of crypto files that stood for money) by creating blockchain — a ledger and a history of transactions that recorded something about where the money started and where it would end. It was a way of tracing valid addresses from a designated pool of wealth.

People had been using money for years since its evolution out of bartering (animals had been bartering long before people) using cowrie shells, pigs tusks, or bird feathers — eventually leading to pieces of rare and precious metals or jewels that were hard to accumulate. Some…