Cryptocurrency by Dylan Simpson https://padlet.com/simpson2016/307fjdunbyk9 Benefits vs. drawbacks en-us 2018-12-06 15:42:12 UTC 2025-11-17 20:36:21 UTC hello@padlet.com What is cryptocurrency? simpson2016 https://padlet.com/simpson2016/307fjdunbyk9/wish/311867646 Digital currency used to replace the units of currency and verify the transfer of funds, operating independently of a bank.]]> 2018-12-06 15:49:48 UTC https://padlet.com/simpson2016/307fjdunbyk9/wish/311867646 Claim: simpson2016 https://padlet.com/simpson2016/307fjdunbyk9/wish/311869969 Drawbacks > benefits ]]> 2018-12-06 15:53:32 UTC https://padlet.com/simpson2016/307fjdunbyk9/wish/311869969 Benefits simpson2016 https://padlet.com/simpson2016/307fjdunbyk9/wish/311874008 Less fraud: cryptocurrencies are digital and cannot be counterfeited or reversed by the sender, as with credit card charge-backs.

Little or no fees for transaction 

No identity theft: no bank credit line and not traceable 

Access: the world can exchange with each other ]]> 2018-12-06 15:59:57 UTC https://padlet.com/simpson2016/307fjdunbyk9/wish/311874008 Drawbacks simpson2016 https://padlet.com/simpson2016/307fjdunbyk9/wish/311877021 Transaction speed: Cant compete with VISA (still not big enough) 

Acceptance: you cant spend anywhere, vendor must accept your specific crypto 

Value: the value of the currency depends soley on investors and changes everyday so there is no real value

Software bases: if the software had bugs or crashes, so could your currency. Also hackable and not refundable

Loss of currency: if you forget passwords and account information, you can lose all currency 




]]> 2018-12-06 16:04:53 UTC https://padlet.com/simpson2016/307fjdunbyk9/wish/311877021 Top Cryto currencys simpson2016 https://padlet.com/simpson2016/307fjdunbyk9/wish/311881264 Bitcoin 

Litecoin

Ripple

Ethereum 

Stellar

Cardano]]> 2018-12-06 16:11:51 UTC https://padlet.com/simpson2016/307fjdunbyk9/wish/311881264 simpson2016 https://padlet.com/simpson2016/307fjdunbyk9/wish/311889917 2018-12-06 16:24:56 UTC https://padlet.com/simpson2016/307fjdunbyk9/wish/311889917 simpson2016 https://padlet.com/simpson2016/307fjdunbyk9/wish/311890705 2018-12-06 16:25:58 UTC https://padlet.com/simpson2016/307fjdunbyk9/wish/311890705 simpson2016 https://padlet.com/simpson2016/307fjdunbyk9/wish/311891039 2018-12-06 16:26:29 UTC https://padlet.com/simpson2016/307fjdunbyk9/wish/311891039 Questions simpson2016 https://padlet.com/simpson2016/307fjdunbyk9/wish/313391080 Money, asset or bubble?]]> 2018-12-11 13:58:57 UTC https://padlet.com/simpson2016/307fjdunbyk9/wish/313391080