Time for another HOURLY, NO, DAILY FUCKING BEAR TIPS POST
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Wow what a night it's been. Literally every altcoin is green and ther'es no end in sight.
Bears (myself excluded) have gone into hibernation and we are going to hit 20k tomorrow.
But today I want to talk to you about the technology behind crypto. Some of you may know the ins and outs of blockchain, but I'm here to tell you guys that don't know about it to clear up any misconceptions or confusion.
Blockchain is like a train that carries people. Each person is like one data of transactions. People aren't allowed to get off the train and the train doesn't stop. Also the train gets bigger and bigger every few minutes. It's like a never ending train full of trapped people that can never get off.
Each person has with them a piece of paper that shows the last thing they bought IRL. The paper is like the "transaction" and they carry it with them forever.
The difference between this analogy and the actual blockchain is that anyone outside of the train can read anyone's paper at any time and not see their face (anonoymous, privacy).
There are lots of trains (different coins) and anyone can make a new train. This is why they are worth so much.
That being said, there are some drawbacks, the trains take a lot of coal and there's only so much coal n the world.
China makes some good trains, but they are kind of illegal.
ICOs are like crowd-funed trains where you get yuor own train cars for contributing.
Scam ICOs are when no train actually get built, but the train builder accepts your money anyway ("scam")
Ok, that's all for today. I will repost this later today so my friends in asia can get some knowledge.
My Feeling When (you join my TG)
