Digital Currencies by https://padlet.com/bradengonsalvez1/ixw5j9i5eid3 Braden Gonsalvez & Mikus Diamante-Valdez en-us 2020-03-29 17:14:14 UTC 2025-06-20 20:34:15 UTC hello@padlet.com https://padlet.net/icons/png/1f4b2.png Video 1 - Digital Currency Explained bradengonsalvez1 https://padlet.com/bradengonsalvez1/ixw5j9i5eid3/wish/480745570 This video defines digital currency as a digital coin you can send through the internet. It is a currency that is accepted by people but isn't issued by a bank or the government. Digital currency is traded from person to person so there are no extra fees, limits or restrictions. You can also trade your digital currency for other currencies for example the Canadian dollar. 
We chose this video because it gave a good explanation of what digital currency is, it is easy to follow for someone who has no idea what digital currency is and it is an underrated video with very few views. ]]> 2020-03-29 17:30:50 UTC https://padlet.com/bradengonsalvez1/ixw5j9i5eid3/wish/480745570 Video 3 - Libra https://padlet.com/bradengonsalvez1/ixw5j9i5eid3/wish/480921434 Facebook launches their new digital currency or cryptocurrency called “Libra” which is similar to the trend of bitcoin. They have partnered up with other companies like Visa, Uber, Lyft, Spotify, etc. Which can be used to buy and sell things through facebook itself. Though it is similar to Venmo and paypal it uses its past popularity to try to make people use Facebook more frequently. 
We chose this video because it sounds like a great idea market wise for Facebook and to show how innovative things can revamp an old website like Facebook. What we learned from this video is how our generation and economy can adapt to trends, simplify things and keep things running.


]]> 2020-03-29 20:06:08 UTC https://padlet.com/bradengonsalvez1/ixw5j9i5eid3/wish/480921434 bradengonsalvez1 https://padlet.com/bradengonsalvez1/ixw5j9i5eid3/wish/480965724 On our Padlet you'll see videos, websites and photos that describe digital currencies and cryptocurrencies like bitcoin. Digital currencies are going to be the future and we are already moving more into online banking. ]]> 2020-03-29 20:49:01 UTC https://padlet.com/bradengonsalvez1/ixw5j9i5eid3/wish/480965724 Video 2 - Digital Currency bradengonsalvez1 https://padlet.com/bradengonsalvez1/ixw5j9i5eid3/wish/481002832 This video shows how digital currency can be compared to our debit cards. Imagine we we had to make physical transactions for all our purchases with bills and coins. Having a digital currency is much more convenient and more affordable. An online coin can't get lost or stolen.
We chose this video because it explains why digital currency is better and why it is the future throughout the world. In this video we learned about all the benefits to digital currency as well as an explanation of it.

]]> 2020-03-29 21:29:06 UTC https://padlet.com/bradengonsalvez1/ixw5j9i5eid3/wish/481002832 Video 4 - Bitcoin https://padlet.com/bradengonsalvez1/ixw5j9i5eid3/wish/481014664 This video explains about the truth of bitcoin and the past history of what it has become worldwide. It explains how digital currency of bitcoin uses transactions between people and has become popular for many who don’t trust the security of a third party and the extra fees that can sometimes be applied to transactions. 

We chose this video because it explains the concept thoroughly and we agree with what bitcoin has created making transactions faster with no unnecessary fees. We learned that bitcoin was just a start to digital currency and many cryptocurrencies in the future will come to replace bitcoin and maybe 
make digital currency the main type of transactions between people in the future. 

]]> 2020-03-29 21:42:50 UTC https://padlet.com/bradengonsalvez1/ixw5j9i5eid3/wish/481014664 Image 1 https://padlet.com/bradengonsalvez1/ixw5j9i5eid3/wish/481017943 We have selected this image as it shows the general of money or cryptocurrency flying through the network as it seems like its linking from one individual to another without having any blocks or problems, this also seems to showcase that it is a fast and simple transaction.]]> 2020-03-29 21:46:22 UTC https://padlet.com/bradengonsalvez1/ixw5j9i5eid3/wish/481017943 Image 2 https://padlet.com/bradengonsalvez1/ixw5j9i5eid3/wish/481018777 We chose this image to represent online banking with digital currency.  Soon all banking will be done online with different kinds cryptocurrencies. This imagine shows how all the banks are connected and how much easier online transactions are. ]]> 2020-03-29 21:47:07 UTC https://padlet.com/bradengonsalvez1/ixw5j9i5eid3/wish/481018777 Website 1 - Cryptocurrency https://padlet.com/bradengonsalvez1/ixw5j9i5eid3/wish/481020393 This website explains cryptocurrencies like Bitcoin to beginners. Cryptocurrency can be compared to using a debit card, paypal, venmo etc. except instead of trading dollars its cryptocurrency. To obtain cryptocurrencies you can exchange goods and services, trade dollars or other trade other cryptocurrencies for them.
We chose this website because its breaks down cryptocurrency into concepts and is for beginners. This website is great if you have no idea what digital currencies or cryptocurrencies are and want to learn quickly. We learned how cryptocurrency can be obtained and what a blockchain is. ]]> 2020-03-29 21:48:29 UTC https://padlet.com/bradengonsalvez1/ixw5j9i5eid3/wish/481020393 Website 2 - Cryptocurrency (Bitcoin) https://padlet.com/bradengonsalvez1/ixw5j9i5eid3/wish/481020635 This website has a video to explain cryptocurrency as well as information about how it originated and how it works. Bitcoin was the first cryptocurrency and is still the most important of them all. 1 Bitcoin today is equal to $8,344.90 Canadian Dollars. 
We chose this website because it breaks down cryptocurrency and Bitcoin. Since bitcoin is the biggest cryptocurrency its really important that we covered bitcoin.]]> 2020-03-29 21:48:43 UTC https://padlet.com/bradengonsalvez1/ixw5j9i5eid3/wish/481020635 Website 3 -Future of Cryptocurrency https://padlet.com/bradengonsalvez1/ixw5j9i5eid3/wish/481020718 This website showcases the future of cryptocurrency and different people’s statements on the topic of digital currency and bitcoin. It explains how bitcoin is popular because of the people who give it value and how it has risks of collapsing due to limited transactions. This explains why bitcoin at its peak had around a market value of 2 billion and dropped its value shortly after people started to question its stability.
We chose this website because it gives really good information about the flaws about digital currency. It provides legitimate facts on the topic of bitcoin. What we learned by reading this article is how bitcoin and investing into digital currencies has a risk of losing most if not all your investment which is similar to stocks high risk, high reward.

]]> 2020-03-29 21:48:48 UTC https://padlet.com/bradengonsalvez1/ixw5j9i5eid3/wish/481020718 Website 4 - Different types of cryptocurrency https://padlet.com/bradengonsalvez1/ixw5j9i5eid3/wish/481020815 This website lets us understand the different types of crypto currencies. Going from Bitcoin to Litecoin to other types of crypto currencies this website displays the different types and explains what they can offer and what their target market is but having similar qualities to the classic Bitcoin. 
We chose this article to show the many different types of digital currencies there are in today's network and what they do for the people and how they work. We learn from this article that the future of bitcoin and crypto currencies are not secure in the fact that they can be involved and used in illegal transactions which has dropped the values of crypto currency at one point. 

]]> 2020-03-29 21:48:53 UTC https://padlet.com/bradengonsalvez1/ixw5j9i5eid3/wish/481020815 Reflective Questions: https://padlet.com/bradengonsalvez1/ixw5j9i5eid3/wish/481053701 1: What we learned about this topic that surprised us the most is the ability of value that people give to cryptocurrencies and how it has become a big topic.
2: This topic is interesting and relevant because digital currencies are our future. Paypal and online banking is already big right now. soon online trading will take over because its more convenient and faster.
3: What we think that the most important thing to pass on to a family member or friend,  knowing this knowledge is be prepared risking your most if not all your investments into cryptocurrencies as its not as stable and could crash.]]> 2020-03-29 22:32:28 UTC https://padlet.com/bradengonsalvez1/ixw5j9i5eid3/wish/481053701