There was a time not long ago when people thought AOL was the “online”.
My point being this is the future and people have yet to grasp it, it is here to stay and impossible to remove. Make better, regulate and improve yes, but the future. It is more than a coin or a token; it can track and maintain the record of anything without one precise point of record but thousands.
No one can make their "own" Bitcoin. They can make their "own" coin or token, but they cannot dilute bitcoin. Cryptocurrency = Coins/Tokens
Bitcoin is a cryptocurrency and others are trying to duplicate its success. A coin is currency and gets its value on those who will purchase it. A token has value with those who buy it with coins. (the coin-token difference is a thread on its own.)
Imagine if you could hold and store your money as it gains value and not pay anything or anyone practically for free. No bank, no fees, no middleman. That is decentralization which is Bitcoin.
As for South Korea or any country or person. Go for it, make your coin or token, the question is who will buy it. I intentionally avoided the last post about South Korea because of its a hot topic on something that happened last week, as if Bitcoin craze is new or something.
People in this game ain’t your regular ole schmuck traders.They are young college-educated techies looking to be the next cypherpunks. They are funding ideas and concepts and have no delusion of it being a complete gamble when they do so. If one was to say or ask if there is a level of criminality or fraud here, it is from a code hacking perspective and not OTC type dilution. Meaning hackers hack hackers, and it's hard. 70 Million just got hacked, and we all can see the account and where it's at, they can spend it right in our face, and there is nothing a damn soul can do.
Ladies and Gentlemen we are in Boston, it 1773 and the tea is slowly being thrown overboard.
AI
