Brian Cost (@tinycryptoblog)

(1) Open-source software (trust layer) (2) An immutable record (3) distributed over a (4) decentralized network (5) Permission-less (anyone can join) (6) Censorship-resistant (see previous points) (7) All transactions are on a publicly viewable ledger (trust layer #2) (8) Trustless - no centralized authority is needed to verify it transactions- it's all in the code and the trust layers mentioned above Digital currencies are as much a measure of value as stock certificates (which have no inherent value other than what is assigned to it as well. Same as anything.) Good points of caution you brought up, though. : ) Co$t of Crypto Podcast - The Role of Cryptos in the End of the Old System - YouTube https://www.youtube.com/watch?v=QnwobdQKF4k via @GabDissenter