Hey Rainman, what's a "cypo"?
Rainman. I really like that. Actually I was in a group with about 200 professionals who met Rainman one evening. Rainman used to traveled all over the country with his father. They never ask for appearance money. They just requested airfare money so they could come to that particular city. Rainman was a very remarkable and classy person.
Of course you wouldn't know anything about class. I see your everfresh childish trait of calling people names is still going strong. Some people never change. Anyway... hope this helps you understand a little of 21 century.
"cypo" or "crypto" is sometimes used instead of typing the entire word "cryptocurrency"
(The next paragraph is a copy / paste)
A
cryptocurrency (or
crypto currency) is a
digital asset designed to work as a
medium of exchange using
cryptography to secure the transactions and to control the creation of additional units of the currency.
[SUP][1][/SUP][SUP][2][/SUP] Cryptocurrencies are classified as a subset of
digital currencies and are also classified as a subset of
alternative currencies and
virtual currencies. A
cryptocurrency wallet stores the public and private keys which can be used to receive or spend the cryptocurrency.
(End of copy / paste)
Bitcoin is just one cryptocurrency. Over 800 other currencies exist that people have / are making money. I look at cryptocurrency as a cyber stock market. Could it come crashing down? Of course it could. Just like the great stock market crash of the 1920's. That is the nature of the beast. Stay on the sidelines if it bothers you so much. Hell, crossing the street will get you killed. In the meantime several people on the RX have purchased some sort of cryptocurrency besides bitcoin and are doing quite well. Question for you. Do you feel that the +800 currencies are all a scam or just the cryptocurrency named Bitcoin?