Troubled teens
Why do teens act the way they do?
A teenager's parenting is never easy. You may feel tired at night as you lie awake, worried about where your child is, who they're with, and what they're doing. You can despair, not to mention the moodiness, the strong feelings, and the impulsive and reckless actions over failed attempts to communicate, the constant battles, and the open defiance.
It may be difficult to believe sometimes, but no, your teenager is not an alien being from a distant world. They're wired differently, though. The brain of an adolescent is still actively evolving, and thus processes information differently than the brain of a mature adult. The frontal cortex is restructured during the adolescent years, creating new synapses at an unprecedented pace, while the entire brain does not achieve full maturity until around the mid-20s, the portion of the brain used to regulate emotions, make decisions, reason, and suppress inhibitions.
Your teen may be taller than you and may seem mature in some ways, but on an adult level, they are also simply unable to think things through. During the physical changes of adolescence, hormones released can complicate things further. Today, these biological differences do not justify the bad acts of teenagers or absolve them from responsibility for their conduct, but they do help understand why adolescents behave so impulsively or frustrate parents and teachers with their poor choices, social anxiety, and rebelliousness. Understanding the growth of teenagers will help you find ways to remain connected and solve challenges along with your teenager.
It is also important to note that while teenagers are people with distinctive characters and their own likes and dislikes, certain characteristics are common. They still need your attention and to feel loved by you, no matter how emotionally your teen tends to withdraw from you, no matter how independent your teen becomes, or how troubled your teen becomes.
When typical teen behavior becomes troubled teen behavior
Many experience behavioral changes that can appear bizarre and uncertain to parents as adolescents begin to claim their independence and discover their own identity. Within 20 yards of you, your small, obedient child who once could not bear to be separated from you will not be seen now, and greets all you say with a roll of eyes or the slam of a door. They are the acts of a typical teenager, as painful as this may be for parents to bear.
On the other hand, a depressed teenager experiences mental, emotional, or learning difficulties beyond normal teenage problems. At-risk activities, including alcohol, substance use, sex, abuse, skipping school, self-harming, shoplifting, or other criminal acts, can be committed repeatedly. Or they may display signs such as depression, anxiety, or eating disorders of mental health issues. Although any repetitive negative behaviour may be a sign of underlying trouble, it is crucial for parents to consider which behaviors during teenage development are common, and which can lead to more serious problems.
**Seeking professional help for a troubled teen**
Consult a doctor, psychologist, therapist, or other mental health provider to help find suitable care if you notice Red Flag habits in your teenager.
However, even though you seek professional assistance, it doesn't mean the work is done-just it's started. There are several steps you can take at home to support your teenager and deepen the relationship between you, as detailed below. And to begin putting them into effect, you do not need to wait for a diagnosis.
Bear in mind that whatever struggles your teen is having, it's not an indication that as a parent you've failed somehow. Focus on your teen's current needs instead of attempting to allocate blame for the situation. The first step is to find a way to interact emotionally and socially with what they are experiencing.
Pi Network
Have you heard of a coin, but right now it has no real value? But there is reason to believe that exchanges will soon take it as soon as it's launched. And the good thing is, it's free of charge. Yeah, you read that correctly! You can begin to stack it and make a profit along the route.
Mobile crypto currency mining, yeah, I know what's on your mind. There are many campaigns like this that tried the mobile money thing and all failed or didn't gain value. This one should, however, actually accomplish its objective.
Pi coin is still in beta mode, but by word of mouth, user nodes are seeking to be connected to the network.
Unlike bitcoin, via a mobile application, users can receive pi coin by an hourly rate. Yes, on your phone, you mine.
The mobile application can be downloaded:
**For android users** **https://play.google.com/store/apps/details?id=com.blockchainvault**
**For ios users** **https://apps.apple.com/us/app/pi-network/id1445472541**
The Benefits of Mobile Mining
It is incredibly simple to use. Everyone can mine Pi with a smart phone and you don't need to set up complicated hardware or software for miners. All you need to do is turn on your mobile, download the application, sign up, log in, and start mine Pi.
Why Pi, then?
Pi did not have token sellers or ICOs, much like Bitcoin. The only way to do this is by mining, but there's a catch. The sooner you start mining, the higher your hash rate will be. And if Pi hits 10,000,000 - 100,000,000 million users, the mining app will stop or halve, then it will start trading services and exchange trading.
I understand it's too late to be the first to jump in, but it's not too late. There are around 10,000,000 million users currently making it to the top 4 cryptocurrencies when it comes to user-based users.
In addition to bitcoin, user bases with 42 million wallets are that thin. But that doesn't necessarily mean 42 million users live. Etherium has 42 million non-zero addresses to bring this into perspective and just hit an all-time high user in June 2020.
There really is no way to judge how many Bitcoin or Ethereum users there are, unlike Pi. Only because there is a Persay wallet or there are users without a wallet. Kinda tricky, right?
Unless you set up several accounts, which would then be frustrating because KYC has to withdraw from PI.
How do I mine Pi, and why do you need to mine it?
Without the need to burn a large amount of energy, the Pi cryptocurrency utilizes the evidence of function. Yes! Yes! You understood it wrong! You can mine your phone's Pi without using the power of your battery. In an environmentally sustainable example, it is decentralised.
According to the white paper from Pi,
**Their mission** is to create a network for cryptocurrency and smart contracts secured and run by ordinary citizens.
**Their vision**: to create the most inclusive peer-to-peer marketplace, powered by Pi, the most commonly used cryptocurrency in the world.
**There are three stages of Pi.**
**Stage 1** - Design, Bootstrap Trust Graph Distributuon
The team will distribute Pi tokens on a centalized Pi server during this stage. The team is going to test and improve elements of the Pi network and app. During this time, the Pi coin will not be listed on any exchange.
**Stage 2-** Testnet
The team will begin deploying Pi network nodes during this time, as well as enabling users to run their own TestNet nodes. This will be used against the step 1 simulator to test the nodes.
**Stage 3** - Mainnet
For primetime, it's time! The simulator will be shut down and it will be possible to run the network on its own. Pi network will be open to developers to join the group and help strengthen the netwrok alongside the initial team, similar to the other cryptocurrency prohects. The coin will be listed on exchanges during this stage.
On top of SCP, which was introduced in the stellar network, the Pi network team chose to choose the consensus algorithm.
**There are four positions that can be played by Pi users.**
Pioneer - a Pi mobile device user who clearly confirms that they are not a "robot" on a regular basis. Every time they sign on to the app, these users confirm their presence. To request transactions, they can open the app as well.
Contributor - a mobile app user who adds to the list of pioneers he or she recognizes and trusts by providing a list. A global tryst graph will be constructed by Pi contributors
Ambassador - a Pi mobile app user who adds new users to the Pi network
Node - a person who is a pioneer, who uses the Pi mobile app as a contributor, and who also runs the Pi node program on their desktop or laptop. The Pi node program is the software that runs the core SCP algorithm, taking into account the details given by the contributors' trust graph.
Bitcoin Investment? Ask this first
Bitcoin is the only thing more controversial than politics today.
Ask the Twitterverse if Bitcoin is a good investment, and you're going to get really different responses. First, when they first purchased (or mined) Bitcoin, the early adopters want to say everyone. They actually made a fortune if they purchased it at some time sooner than a few minutes ago.
Then there are value investors who see Bitcoin as nothing more than "artificial gold," as the cryptocurrency is described by Charlie Munger. Bitcoin, in his opinion, is nothing more than "total insanity."
Rather than trying to persuade someone of one view or another (although I will never bet against Charlie Munger), before you start buying Bitcoin, here are some questions to ask.
**1. Bitcoin is capped at 21 million, but is the price justified by that?**
Famously, Bitcoin is capped at 21 million. There is a fixed limit on the amount of Bitcoins that can be mined, unlike U.S. dollars which the Treasury can print at will. Many argue that the price is justified by this hard cap, particularly as the government prints more cash in response to Covid.
Bitcoin isn't the only limit-bearing commodity. In 2007, when real estate prices soared, the same claim was made regarding property. That didn't prevent crashing rates. In 2017, it also didn't save Bitcoin from crashing.
In addition, Litecoin is capped at 84 million, but it does not trade close to 25 percent of Bitcoin's price anywhere. Bitcoin is trading at around $36,000 as I type these terms. It sits at less than $165 for Litecoin. If it is rendered so valuable by a set Bitcoin number, why is Litecoin left behind? More importantly, consider whether a reasonable value of Bitcoin based on the 21 million limit can be extracted fairly. I can't, but you can, maybe.
**2. The Bitcoin group has been entered by institutional investors, but does that make it a good buy?**
As a reason for its current price, many refer to institutional investors purchasing bitcoin. Michael Saylor, founder and CEO of MicroStrategy (NASDAQ: MSTR), has bet the company's future on Bitcoin as an example. On a 5-year bond, his company also lent $650 million to sink further into the cryptocurrency.
The question a future Bitcoin purchaser should ask is, "So what?" "Bad investment decisions are taken by institutional investors all the time. The argument here is not that companies like MicroStrategy have made a mistake while investing in Bitcoin (although I think they have). The point is, when some institutional investors step into Bitcoin, one shouldn't look starry eyed. If anything, all it did was increase the price (bad for would-be investors). In the long-run, what it can not do is maintain unreasonable rates.
**3. Will Bitcoin save us from the monetary policies of the government?**
To reply to COVID, the government is borrowing a lot of capital. Although the Treasury's printing press has not (yet) contributed to major inflation in goods and services, asset prices have risen. As many want to identify it, it also brings into question the potential value of fiat money.
It's definitely true that asset prices increase as interest rates decline. One might even argue that we see this with Bitcoin. With stock values, we are definitely seeing it. Right now, with monetary policy, it's a fascinating time and one wonders how much our government will borrow without repercussions. But how do you take that fact and convert it to Bitcoin or some other cryptocurrency at a significant price?
The monetary policy warning has been sounded for decades by countless individuals. It was before Bitcoin that gold vendors used to sell gold. To sell annuities, insurance firms use fear. The same logic is used today to tout Bitcoin. It is not because the underlying worry is unfounded. The concern does not possibly explain the almost doubling of the price of Bitcoin in 30 days.
**4. Does Bitcoin's price support the "network effect"?**
Some claim that the network impact propels the price of Bitcoin upwards. It enjoyed early adoption, and as more people buy bitcoin, it becomes more valuable. Bitcoin was the first cryptocurrency. This is one reason why other cryptos, such as Litecoin, have not seen their prices soar.
This claim should be challenged by a future purchaser of Bitcoin. The network effect is when something's usefulness increases as it is embraced and used by more individuals. It can refer to applications for messaging or platforms for social media. But does it apply to Bitcoin, really?
It may be that Bitcoin has been used as a currency, but that is not the case. It's definitely true that the price goes up as more individuals and institutions purchase Bitcoin. But does this improve its usefulness? Will it make Bitcoin more useful as more people purchase it? If so, what is the exact usage that is being improved?
Some might say it's becoming a better value shop. More investors are definitely rising Bitcoin's liquidity. However, if that is the current concept of network effect, I wonder if it has lost all sense. Regardless, as applied to a social media website, it's definitely not the network effect. In addition, the same claim could be made for any asset that reaches bubble territory.
**5. Can you deal with volatility?**
Finally, if they can manage the uncertainty, those considering purchasing Bitcoin can inquire. Two questions really have to be considered here.
Whether you can manage the uncertainty is the first obvious query. Are you willing to hold on to Bitcoin even though it fall by 50%? For any investment, that's an important question to ask. For Bitcoin, that's especially essential.
What does volatility tell us about Bitcoin as an asset? The second question is more fundamental. For every liquid asset, though some volatility is to be expected, Bitcoin takes volatility to the extreme. It was 17 percent below $30,000 two days ago. It's above $36,000 today.
Cryptocurrency Today
Here is some craziest talks in the bitcoin community right now!
UNISWAP
The decentralised exhange UNISWAP launches it's own governance token called UNI. It had a massive impact in the bitcoin market especially in ethereum wherein the network fees increased again. The value of the token increased significantly when giant exhange binance, coinbase and okx listed the new token immediately.
KRAKEN
Cryptocurrency trading platform, KRAKEN, have recieved a banking license. It is recognized under federal law as a bank in the United States. KRAKEN can now provide a comprehensive deposit taking, custody and fiducia service in digital assets. The banking will soon operate globally.
COINMAMA
Applepay gives Coinmama its blessing. Coinmama is the first cryptocurrency exchange authorized to offer applepay as a payment option.
PAXFUL
P2p exchange paxful is pulling out in the venezuela's market. Based on paxful tweet, the increasing strict regulations had hindered the p2p exchange ability to provide services to the venezuelan. Users have 30 days to withdraw their funds.
MICROSTRATEGY
NASDAQ-listed microstrategy buy $175m in bitcoin. This is the second time they purchased btc. Their total holdings almost amount of 500 billion USD.
Blockchain technology
Whats the technology behind bitcoin? Its the blockchain.
How blockchain technology works? What porblem it is designed to solve?
Befor answering this, how we knew something today if its real or fake?
The answer is we keep a record of it. For example your dollar bill has a serial number wherein the bank keeps a record of it.
Whenever we want to know if the thing is legit, we just go to relevant authority to authenticate it. And there are persons approved by the government to authenticate documents or things like notary.
The one thing common in this is they are centralized. It means that there is a central authority.
Central authority means power! And power sometimes may become corrupt. What if this central authority wants to change something even a bit. It will cause some distortion that may end up not good.
Thus, bitcoin emerged. A decentralized currency wherein no one has the power to control.
Not just money is centralized. There is information too. Example is the encyclopedia brittanica, it is written by hundreds of authors and it can't be verified, while wikipedia decentralized, wherein anyone can edit information and anyone can see it and verify it.
Decentralization reduces corruption, fraud and manipulation. Blockchain technology is a new and innovated way to implement decentralization.
What is blockchain technology?
Blockchain technology is the solution for the problem of centralization. It is a system for keeping records by everybody without the any need for central authority.
Blockchain is a decentralized way of keeping a ledger that is practically can not be falsify.
Why it is called blockchain?
Each block is link to another. Imagine a book, a summary of the book is linked to other pages of the book. Once you edited the pages of the book, the summary needs to be changed too.
How does blockchain technology work?
There are four elements needed to have a blockchain a life of its own.
Peer to peer network - Its a network of computer (nodes). We need this system to openly communicate and share remotely
Crytography - art of securing data in a hostile environment.
Consensus algorithm - it is a rule, wherein how everyone agrees what is the rule on hiwcto add a block in the blockchain
Punishment and reward - it keeps the people in the system to follow the rules
There is one more element that is needed for this blockchain technology, the market adoption. Market adoption can not be synthesize. Decentralization will lose its value once the market won't adopt the technology.
Is blockchain the next big thing?
Blockchain technology is a good solution for the problem of centralization, but it is inefficient and slow. Example is the bitcoin process, it takes longer time for transastion to be done when it the system is overcrowded.
If you have a problem about centralization and you think decentralization is the solution, make use of blockchain technology.
Bitcoin Cash
What is Bitcoin Cash? Is it just the same as bitcoin? What's the difference between the two and which is the true bitcoin?
It is confusing for the beginners gets confuse that there are just not one type of bitcoin. Example: bitcoin cash, bitcoingold, bitcoin diamond. This all are **forks** form the original bitcoin.
**Fork** - an alternate version of an original coin
So bitcoin cash is one of the hardforks of bitcoin. So why is it created?
History of Bitcoin Cash
Bitcoin transactions don't get confirmed instantly. In order for a transaction to be confirmed, it is needed to be included in a block of transaction in the bitcoin ledger known as blockchain. A new block of transaction is added in a blockchain an average of 10 minutes.
Adding bitcoin transactions to a block requires storage space. The maximum space for each block of transaction is 1 mb. Thus, when lots of people wants to send bitcoin, transactions gets stuck in a long queue waiting to enter a block and get confirmed. Scalability of the bitcoin emerged.
Two main camps arise because of this scalability issue:
Big blockers (Bitmain and Roger Ver) - bitcoin scalability will prevent bitcoin to be a peer to peer payment system with such a long confirmation time and higher fees, people won't use bitcoin. They suggest a solution, to increase the block size to 8mb. Higher block size means many transactions will be made.
Small blockers - those who opposes increasing the block size. Their solution is SegWit2x, it will reduce transaction size by 75%. They also suggest to develop lightning network, to allow instant and free bitcoin transaction.
Why the small blockers opposes the increase in block size? The reason is they believe in the long run, it will hurt bitcoin decentralization and functionality.
This arguments take years until it climax in August 2017. Back then, bitcoin is hitting its 12000$ mark. Network is congested, transactions getting delayed and transactions are getting high. So why, nobody take actions to avoid this situation? Bitcoin is a decentralize, so no one has the authority to decides anything.
Participants in the network choose which bitcoin protocol they will run in their computer.
**Big blocker suggested bitcoin cash and the small blockers suggested segwit2x. With the giant company bitmain supporting bigblockers, bitcoin cash emerged.**
When the fork occured, half of the hash power of bitcoin is done. But after, when the dust is settled, the original bitcoin is still standing strong even after the fork.
Bitcoin network players
Miner - incharge in creating blocks and updating the bitcoin ledger transactions
Developers - group of individuals collaborating together to maintain bitcoin source code
Exchanges - gateway for cryptocurrency adaption. Connect people to the actual coins
Wallet - allows user to manage their funds
Nodes - different computer that runs the bitcoin code
Users - they choose what coins to buy, exchanges coins, wallets to download
Users are the most powerful players in the bitcoin network. Miners, exchanges, wallet providers relies in the public adaption to survive.
Bitcoin Cash Vs Btc
They have similarities with exceptions:
Bch has bigger block size: 8mb > 1mb
Bch does not support segwit and lightning network
Bch has different mining difficulty mechanism
Even after the fork of bitcoin cash to bitcoin. It is easy to see that true bitcoins remained. There are more higher transaction of bitcoin than on cmbitcoin cash. Its value is more higher than the bch.
For me, in the long run, public will be able to adopt bitcoin cash because it is much faster and cheaper. It will always be a convenience way in a peer to peer payment transaction.
Bitcoin Mining
What is Bitcoin Mining? Does it mean you can generate bitcoin in computer? Is it profitable to mine bitcoin nowadays?
For beginners, Is this the questions you have right now? I'll explain as hard as i can to answer this question. But first, let us know what is a bitcoin?
Bitcoin
A digital currency introduced by **Satoshi Nakamoto** in 2009 that uses peer to peer technology to facilitate instant payment.
It is made to **decentralize** alternative in the banking system, this mean the system can transfer funds to one account to another without **central authority.**
In central authority, transferring is very easy. You tell the bank to transfer a fund to another account. In this case the bank has all the power because they are the only allowed to update the ledger that hold the balances in the system.
In decentralize system, you are allowing someone to update your ledger without giving them so much power. The next question is, **how can you be so sure that this someone won't be corrupt and negligent? This is controlled by the bitcoin system called protocol.**
The protocol solves this problem by allowing anyone to particpate in updating the ledger of bitcoin transaction. All they need to do is guess a random number that solves the equation given by the system. This guessing is done by computer. The more powerful computer you have, the more guesses you can make per second increasing your chances to solve the equation. If your the first to solve an equation, you can get a fragment of bitcoin in this transaction. Now this is call **bitcoin mining**.
Bitcoin Mining
The mining process involves your mining computer, once your computer solves the equation, it determines the pending transaction that will be group together in next transaction in the blockchain. Compiling this blocks will be the moment of glory because you are the one will be the temporary banker of the bitcoin transaction who has the power to update the blockchain. The block that is created along with the solution is sent to the bitcoin network so that other computers can validate it.
Mining is a form of guessing game. Miners with more computing powers has the higher chance of winning the game, but due to the law of statiscal probability, it is unlikely that the same miner can solve again the equation.
After solving an equation, the system generates a fix amount of bitcoin that will be given as a reward. This is a compensation for the time and energy you used in completing and solving the mathematical equation.
Mining Difficulty
Satoshi Nakamoto crafted the rules of mining in a way the more mining power the network has, the harder it is to guess the mathematical equation. The mining process is self adjusting to the accumulated mining power the network has. The more miner joins the network, it will get harder to solve the equation.
Miner Evolution
During back in 2009, you can mine bitcoin thru your **cpu** because there are few competitors in the mining process. In 2011, the competition is rising, people uses **gpu**, a processing unit added to computer to carry out more complex solution in solving equations. **1 gpu is equivalent to 30cpu.** Later on, people began using **fpga** added to a computer to solve more complex equation like gpu but 100x faster. The downside of fgda is it is hard to configure. In 2013, **asic mining** is introduced. ASIC hardware is manufactured solely for the purpose of mining bitcoin.
Mining Pools
Miners forms a group to compete with large mining companies, it is called pool. If this pool wins the competition, the reward is distributed to the members depending on the mining power that they contributed. Mining pools help small miners to join the mining games and gets a chance to earn bitcoin.
Mining profitability
Mining profitability depends on lots of factors:
Hash rate - a hash is the mathematical equation your computer needs to solve
Block reward - the reward the system generated when a miners solves the equation
Mining difficulty - the mining power depends on the mining powers that is accumulated to a network
Electricity cost - miner consumes electricity to power the computer or for cooling them down
Power consumption - mining computers have different mining powers.
Pool fees - if you join a mining pool, they get a percentage of your earnings for the payment of their service
Bitcoins price - it is hard to predict the price in the future
Difficulty increase - no one can predict how many miners will join the mining game
The last two factors will be the biggest variable to answer the question, if mining bitcoin is profitable?
Other types of Mining
Cloud Mining - pay someone to mine for you. You don't have to buy rigs or equipment. You just need to invest an amount of your money
Mobile Mining - some application claim to mine bitcoin, but take note that mobile phone has a low processing unit. It will end of draining your phone in the long run and i think that is not profitable
Web Mining - a website owner hijack sthe processing power of the computer who visited the site
Conclusion
The conclusion is mining bitcoin may be profittable as long as the variables needed in moning is met. Mining is like gambling or investing, it is just a matter of good luck.
***"Genius is the gold in the mine, talent is the miner who work and brings it out" - Marguerite Gardiner***
Bitcoin Cash: should we invest or not?
What is Bitcoin Cash?
A well known bitcoin fork that is trying to forge its own path and identity
The question is, Can it really do this or should it be considered? Before anything else, let us knew when bitcoin cash started.
History of bitcoin cash
Bitcoin cash beginning can be traced back all the way in a conference in New York in year 2017. The conference"Consensus 2017" features a 100+ speakers and 2000 attendees from the leading industry start ups, investors, financial institutions, enterprise tech leaders and academy and policy groups who are building the foundation of the blockchain and digital currency economy.
Back then scaling a bitcoin is a challenge, network speed is slow and feast is climbing. So the titans in conference came up with a solution, the SegWit2x, which will increase the block size limit. But there are groups who are against this. The only way to scale bitcoin is is to increase the block size limit.
Bigger block > more transactions> more throughput>faster transactions>lower fees
This group who are against SegWit2x decided to split the blockchain into two. Thus Bitcoin cash is born, that has a 8mb block limit.
Bitcoin cash
So should we invest in Bitcoin Cash?
Bitcoin cash has established as a strong cryptocurrency throughout this years. In fact it is number 6 crypto in terms of market cap behind btc,eth,usdt,xrp and dot.
Bitcoin cash could be positive. The total hash rates is increasing. This shows that mining pools believe in thecfuture of BCH.
BCH fees are low again, so it is more stable with completing more transactions. This could stimulate the rise towards the cryptocurrency.
But just like bitcoin, BCH has its flaws.
Bitcoin Cash productivity depends on miners’ activity. Network complexity grows bigger, so miners have to spend more resources for effective work. This will have a negative effect on transaction rates. If this happens, the BCH price will fall.
This goes for security issues. If miners are reluctant to use their high hashing power, that 51% possibility of an attack will grow. Thus, someone with great resources could have the power to control the BCH chain and use it for their own needs.
As for me investing of BCH today may be a great deal. But i am not confident enough to try out my luck.
So instead of investing, im hodling all my earnings here at **read.cash**, hoping and praying that someday it will be as high as bitcoin.
So please take note of this.
**Only invest what you can afford to lose**
cryptocurrency
"If you don't believe it or don't get it, i don't have the time to convince you, sorry" - **Satoshi Nakamoto**
Earliest saying about cryptocurrency by Satoshi Nakamoto who is the founder of **Bitcoin**. His invention has completely changed the world.
Cryptocurrency
A **cryptocurrency** is virtual currency that is secured by **cryptography**.
**Cryptography** is an art of protecting information and communications through the use of codes. **"Crypt"** means hidden, **"Graphy"** means writing.
Cryptocurrencies are **decentralized networls** based on **blockchain technology.**
**Decentralized networks** eliminates the need of one central server and allow multiple servers to act as one to comolete a task
**Blockchain technology** distributed ledger records the provenance of a digital asset.
Cryptocurrency is launched in 2009 in the wake of 2008 financial crisis as way for people to control their mony themselves, without relying to companies, bank or government.
Cryptocurrency affects the global economy by challenging the **USD**. It has more higher transaction, thus **USD** is up to challenge.
**USD** is the reserve country of the global economy
Cryptocurrency has no use for middleman like bank and financial companies. It takes a lot of time to transfer funds from one place to another. But with cryptocurrency, transactions even inyernational can be made by seconds.
There are different ways in how to earn cryptocurrency.
**Buying** - one thing to consider is the transaction fee
**Mining** - uses a computer to solve mathematical equation to validate blockchain transactions. You'll be receiving a fragement of the virtual token that you validated
**Staking** - looks like lottery game. The more coins you hold and put into staking, the more chances you will be chosen to validate the transaction.
**Join airdrops** - in exchange of performing a specific task, users receives some project token
**Bounties** - just like airdrop, you need to do various task in exchange for coins
**Freelancing** - you can do work by accepting cryptocurrency as pay. It maybe risky because of the **volatility** of cryptos.
volatility - price of security increasing and decreasing for a set of given returns
**Crypto payment** - e-commerce websites as cryptocurrency as payment
**Joining networks of publishers** - your website can be paid by displaying ads
**Use cryptocurrency and payment platforms** - some digital banking offers financial management that helps earn more cryptos by using funds you already have
**Gambling** - you can join up on gambling platforms who uses cryptocurrency. Certain gambling platforms have sign up bonuses, you can use it for gambling. Take note that some gambling platforms need you to deposit a minimum amount in order to withdraw.
**Cryptofaucets** - you have to watch ads, complete surveys, and play games to be rewarded. Then you can cash out once reach a minimum withdraw.
Now you have small knowledge about cryptocurrency and wanted to start away. Here are thing that you need to consider.
**Cybersecurity** issues - in this digital era, cryptocurrency may be subject to cyber security breaching
**Volatility**
There are major impact of cryptocurrency in our global economy by competing USD.
Their are some ways to earn cryptocurrency, but you need to have patience and probably a good luck.
@CryptoLife
