Cryptoverse for Newbies, Part Two
In the first of our series on the Cryptoverse for Newbies, we noted the challenges to nailing down more nuanced terminology and the dangers of utilizing equivalence where one does not exist. We noted the example, “cryptocurrency” and “digital currency” which are decidedly not the same thing.
Multiply this many times over, then add in rapidly and evolving crypto and other interacting ecosystems, and it becomes clear that there are no short-cuts to understanding; either to grasping the mechanics, nature, potential, or danger of cryptocurrencies. Elsewhere we have noted the soundness of the fundamental idea, but without an equally sound and exhaustive understanding of the ecosystem, investors are going to be lost at sea. Continuing that metaphor, our need is for a thorough understanding of weather systems; the fundamentals that separate good sailing prospects from the bad.