Contents
In the new episode of the podcast “What has changed?” discussed with experts why there are many cryptocurrencies, how to get bitcoins and what to expect from “money in a computer” in the future
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Participants of the discussion:
- Sergey Romantsev is a podcast host and tech blogger.
- Vladimir Smerkis is the director of Binance in the CIS, the creator of the radio program about Silicon Dali technologies.
- Sergey Romanov is the creator of Red Company, the TON blockchain ecosystem.
Episode timeline:
01:48 — What is the difference between bitcoins and how many companies exist now
05:30 — How and where to buy bitcoin
11:51 — Why are there so many cryptocurrencies in the world
18:20 — Is it possible to pay with bitcoin abroad
27:33 — What is the future of cryptocurrency
Conversation highlights
Blockchain is about uniqueness
Vladimir Smerkis explained that blockchain should be treated as a way to transfer values, and not only economic ones. This is due, among other things, to the development of the NFT sphere, where unique coins (“coins”) and tokens have appeared. You can compare this culture with an old clock that exists in a single copy. If fiat money has the same value – one ten-ruble bill can be easily replaced by another – then this is unlikely to work with digital money and projects.
Buying cryptocurrency is easy
To buy cryptocurrency, you need to have a special wallet to store it. Experts said that wallets are “hot” (hot wallet) and “cold” (cold storage). The difference lies in the fact that the first ones are always connected to the Internet and you can access them at any time and from any browser. Cold wallets are valid only at the moment when the transaction is carried out. Such wallets are protected by personal keys – a password of 12 unrelated words.
In order to receive cryptocurrency, it is enough to take two steps:
Each cryptocurrency project has its own ideology
Sergey Romanov explained that there is nothing strange in a large number of varieties of cryptocurrencies. In fact, the expert said, in the real world everything works exactly the same: each state has its own currency. Contrary to popular opinion, cryptocurrency, Romanov believes, should not replace conventional fiat money. This is just one way to manage your finances, and also an opportunity to demonstrate your values.