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Module Eight 8-1 Discussion: Blockchain and Cryptocurrency 8-1 Discussion: Block

Module Eight 8-1 Discussion: Blockchain and Cryptocurrency
8-1 Discussion: Blockchain and Cryptocurrency
Blockchain and cryptocurrency have great potential to bring prosperity into our world. The concept of a truly shared and democratic economy is at the core of the blockchain initiative.
PLEASE WRITE MY  initial post, address the following:
Discuss your experience with cryptocurrencies.
Have you used Bitcoin, Dogecoin, Ripple, Tether, Litecoin, Ethereum, or other cryptocurrencies? If so, explain why you chose to use one of these systems and describe your experience.
If you haven’t used cryptocurrencies, discuss your opinion about using them. Would you be interested in using or investing in cryptocurrency? Explain why or why not.
How do you think blockchain technology and cryptocurrency might affect the economy in the future?
In your response posts to at least two peers, discuss the following:
Explain whether you share a similar experience or point of view as your peers and why.
CLASSMATE 
Caasie Hi Class,
I haven’t personally used any cryptocurrencies, and I don’t think I will in the future. For me, there are just far too many unknown elements. While they do provide a chance to diversify your financial portfolio, the pricing seems to change rapidly. This could lead to profit, but it could also lead to huge losses. I just can’t afford to take that financial hit at this point in my life. I also don’t see cryptocurrency as being very liquid, since I am sure there are many hesitant to purchase. This means that it may be difficult to sell in the future if needed. In the future, I can certainly see blockchain technology and cryptocurrency streamlining many aspects of the economy due to being digital in nature. Transactions will likely move faster and exchanges will be tracked and monitored for compliance with ease. Overall, this new technology should lead to far more investment opportunities moving forward.
Sarah Classmate 2 
I will admit, I do not have any experience with any of the listed above. I have friends that are more knowledgeable than I am, so I have learned a little bit here and there. With me knowing so little, I haven’t had much interest in using it or learning much more. It is way out of my comfort zone. Blockchain technology and crypto can drastically change the economy. These currencies are not guaranteed and are not regulated by the government. This could however be a great change for the economy. If you are well versed and know how to trade, you can make some great money with this. 

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8-1 Discussion: Block appeared first on essaynook.com.

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