The Power of Cryptocurrency and the Path to Financial Freedom

The Power of Cryptocurrency and the Path to Financial Freedom

The Power of Cryptocurrency and the Path to Financial Freedom
Screen shot of an course from our Crypto academy.

What is Cryptocurrency?

Hello my name is David I will be your guide thru out this course, welcome to The Power of Cryptocurrency and the Path to Financial Freedom, before I begin I would like to lay the foundation I will do this by explaining what Cryptocurrency is and I will do this by focusing on this word currency. Currency has two meaning. There is currency as movement or flow and there is currency as cash.

Let's first focus on currency as Cash. Many words are used to describe Cash Currency, words like Shekels, Gold, Coinage, Dollar or Bread, Cabbage, Kale, Earth for example. All over this great beautiful planet someone is using some form of Cash Currency and Crypto Currency is another form of Cash.

The definition of Cash states: Something as pieces of stamped metal or printed paper customarily and legally used as a medium of exchange, a measure of value, or a means of payment.

Crypto Currency is a digital Measure of value, Medium of exchange and Means of payment.

Why Cryptocurrency?

Now to better understand the need for Cryptocurrency I will read the second meaning of the word currency.

The definition of Current states: The part of a fluid body such as air or water moving continuously in a certain direction, the swiftest part of a stream, a tidal or nontidal movement of lake or ocean water flow marked by force or strength.

So current can also so mean movement like fluid, like the current of electricity, like the swiftest part of a stream, so currency is flow, force or strength. So currency in the context of Cryptocurrency means Power and Money. Now what about this word Crypto?

The definition of Crypto states: Crypto as in cryptography the enciphering and deciphering of messages in secret code or cipher. Cipher: From "zero," it came to mean "any numeral" , "secret way of writing; coded message" A method of transforming a text in order to conceal its meaning. A message in code.

Crypto as cryptography can be traced back to ancient warfare from India to ancient Greece. One of the most notable tools is called the Polybius square which can be traced back to the 4thcentury BC there is also the Caesar cipher which can be traced back to the 1stcentury BC.

I mention the time frames so that we can meditate on the importance of Cryptography through out world history, and especially when it comes to warfare. Okay and with that I will read the definition of Cryptocurrency.

The definition of Cryptocurrency states: any form of currency that only exists digitally, that usually has no central issuing or regulating authority but instead uses a decentralized system to record transactions and manage the issuance of new units, and that relies on cryptography to prevent counterfeiting and fraudulent transactions.