Cryptocurrencies…

Bitcoin.  We’ve all heard about it.  How it has changed the way the finance world works.  How criminal organizations have used it to launder money.  How the US government & many individuals see it as illegal.  How intrepid entrepreneurs have made millions & then lost them all in a heart beat…

So is there anything to this digital currency revolution or is it just another get-rich-quick scheme based on hallow promises?

I think in the end, any currency is only as valid as the amount of people who use it.  Currency is simply an agreed upon means of exchange between two parties.  If we all accept a given currency & we trade goods or services for a currency, does that currency not have a then have value?

I’ve never really delved into the world of so-called “Cryptocurrencies” – Bitcoin being the most famous & prominent.  But today I installed a wallet for a similar currency called Dogecoin.

Now, I’m not exactly wanting to hop on this “cryptocurrency bandwagon” but I thought I’d look into it & see what all the fuss was about.  I really don’t like all the baggage attached to Bitcoin, so Dogecoin is where I have decided to see what digital currency might do for me.  I’ll let you all know how things go as they progress.  Until then, if you want to try Dogecoin out for yourself, you can get a bunch of free Dogecoins from a Faucet called Moon Dogecoin.  A faucet is basically a website that takes donations of Dogecoins from people & then give a percentage of this currency out to anyone with a Dogecoin Wallet that asks.  It’s a pretty friendly & communal way of sharing the wealth (something that really peaked my interest when researching Cryptocurrencies).  Try it out for yoruself:

If you have tried out Dogecoin or any other Cryptocurrency, I’d love to hear about your experiences.  Leave me a comment below.

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I would be so grateful if you shared your thoughts with me.

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