BYTECOIN NEWS
Greetings! Throughout this week me and Bytecoin have been staying in, preparing to join OpenBazaar, but today in this wonderful sunny Friday and we are planning to get out of the network and have a joyful journey in the Great World.
Today Bytecoin will accompany me in walk around Manhattan and I appreciate his willingness to join me. I'm going to introduce it to all of my friends that I might come across today. I will surely introduce Bytecoin to my favorite hotel that I stay in every time I get the chance to visit New York. It will get to know my favorite cafe where I relish the beautiful music and exceptional politeness of the servers and of servers and bussers.
I am sure my friends will be surprised when they see us together, I've been through it before. They'll ask me what do we need new money for if we already have Bucks, Euro and Yen? I am sure that the idea that we need at least a few hundred of new currencies will astound them. I'll give my friends a few moments to regain composure and then introduce them to my good friend Bytecoin.
I will tell them that the trust we put in the issuer is what empowers the currency. Notes and coins in themselves carry no value. It is crucial that notes and coins a man receives for his work can be exchanged for the equivalent of work done by the other. And the issuer guaranties that the exchange may be executed at any point in time. That is the guarantee that you trust.
However, we have made a step forward and switched to cryptocurrencies. They are secured by a reliable algorithm. So where could we find trust in the world of cryptocurrencies?
In spite of decentralization, every single cryptocurrency belongs to someone. There are people who mine it and make transactions with it through exchanges. So the trust in a cryptocurrency is measured by the trust one puts in the people who make use of this cryptocurrency. You can buy a cup of coffee in Japan with the currency that is used by students and professors of Sorbonne University simply because it is a respectable institution and they are not going to give up on their currency. And if this particular coffee shop trusts the students community of Sorbonne it will accept their currency in exchange of a cup of coffee.
I already feel that my old friend is fixed to buy me a coffee in exchange for some Bytecoins. But I'm going to put it on hold for now and present him with my conclusion before we get into technical details of such a transaction.
We need to understand what money is. People will have to grasp the essence of money. The world will become so much better if every human-being will understand that his or her labor may be rewarded by one of the hundreds of currencies that they place trust in.
And in order to have such a diverse and bright world we are going to need a variety of currencies. Restoration of conscious and healthy attitude towards money is one of the most important goals of our team. We will do everything it takes to help the world to achieve the financial system of competing currencies.
My friend says that coffee goes well with croissant, they are fresh off the oven.And better take two croissant. Shall we pay with Dollars? No, not now. Better let’s talk about how we can use Bytecoin.
Pacific_Skyline
+1
That was a pleasure to read mate. I like your mentality
Cheers
