Blockchain: Fud, Fomo, Fiat, Fork...Your One Stop inforgaphic About them.
Many of the newcomers to Steemit, Blockchain, and friends of mine keep asking me what is FOMO, Cold Storage, Fiat and other words used by more experienced users here and some others forums like Bitcointalk.
Here is an interesting Infographic about most of those little words that you might wonder what they are and hope they can be helpful to you or the newcomers.
)Also, let me know if you already knew all of them in the comment section below.
Image Source: https://cryptonewspodcast.com/
Thanks for the infographic I think this will really help new members. I will resteem this for sure
I thank you for all your effort in replying to all the comments of our fellow Steemians who did not know what is crypto.
No problem anyway that I can help...
this is a very good post, but I do not really understand all this.
thanks @digdaga already shared.
Which don't you understand? Let us help you understand what the ones you dont understand mean...
I do not really understand Crypto.
what is Crypto
Dude how much time do you have? My advice is that you start learning more about crypto as this is going to be part of our daily lives in the near future...
Have a look at https://geniuscryptolearning.co.za that will be a good starting point...
thanks, I will try.
You got a 25.78% upvote from @sleeplesswhale courtesy of @digdaga!
Man would this have come in handy a few months ago. Great chart to share with others getting into crypto. For a hot minute I actually thought people were legitimately accidentally misspelling hold. I thought everyone had lost their minds.
It probably took me more than I would like to admit to learning all those words, I was just checking bitcointalk and daily basis to try and understand them, glad someone made a good infographic for newbies.
Haha, it's like its own little world. I'm glad too. Thanks for the good convo and info, best of luck man, I'll be on the lookout for more good tips and tricks like this one from you!
This post has received a 11.77 % upvote from @boomerang.
thank you for the info, I do not seem to understand what that means 😑
What don't you understand, let us know and we can try and help you
Cara kerja Crypto dan kegunaan Crypto ?
Sorry would prefer English...
How Crypto works and what Crypto does?
Ok with getting to technical... crypto is a form of money that isnt controlled by any government or bank as it is decentralized. Crypto is basically putting the control of your money back in your hands.
What it does? Well that is a complicated question as there are so many different coins/tokens that do various different things.
Some crypto is built on systems that will be creating the platforms that we will use in the long run
Ie. $ETH $EOS $LISK $NEO but to name a few.
There are other use cases for other platforms like steemit and Dtube. These two platforms allow their users to finally benefit from the content that we create.
There are so many use cases for crypto so its not as easy to try and sum it up in "what does it do..."
thank you for sharing it is very useful for us.
I will upvote and restem
Good friend.
I really liked that chart. I did not know them all. Great post
Glad it can be helpful and thank you for your support.
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