BEFORE BEGINNING When new to investing in cryptocurrency, as with any endeavor, it can be helpful before beginning to know one's motives. 'Cryptography, or cryptology (from Ancient Greek: κρυπτός, romanized: kryptós "hidden, secret"; and γράφειν graphein, "to write", or -λογία -logia, "study", respectively), is the practice and study of techniques for secure communication in the presence of third parties called adversaries. 'More generally, cryptography is about constructing and analyzing protocols that prevent third parties or the public from reading private messages; various aspects in information security such as data confidentiality, data integrity, authentication, and non-repudiation are central to modern cryptography. 'Modern cryptography exists at the intersection of the disciplines of mathematics, computer science, electrical engineering, communication science, and physics. Applications of cryptography include electronic commerce, chip-based payment cards, digital currencies, computer passwords, and military communications.' - Wikipedia Clearly for me, investing in cryptocurrencies is not about making fast returns. My life has been rich and full without much money. Although occasionally tempted by the glitter of gold as a promise of riches, I am generally content without worldly wealth. I am, however, attracted to the free flowing energy of abundance, and admit to some longing for an outer landscape which matches in vibration with the inner landscape I've cultivated. What really attracts me to the cryptocurrency platform/protocol Cardano is that it is: decentralized (non-hierarchical/egalitarian), open source (non-exclusive/inclusive), designed as a bridge between cryptocurrencies and between the crypto and fiat money worlds (non-divisive/unifying), and for the free flow of securely exchanged information and contracts (transparent). Until I planted a fiat seed in a cryptocurrency account, I had only known of 'Fiat' as an Italian car-maker, and had not invested conventional money in anything other than a traditional bank account. Fiat money, and the legacy world of finance, has been on the periphery of my awareness all my adult life, due to lack of interest. My heart has always beat faster when my attention was turned to the psychospiritual inner landscape. Now, after a lifelong quest to find the ground of that landscape, and feeling I've landed there, a foray into cryptocurrency feels like a suitable adventure. The potential for a crypto-adventure looked more promising when the Cardano protocol/platform came to my attention. Although the techno language of Crypto engineers flies over my head, with no relation to recursive snarks or stake pools, at this time I am content to connect with Crypto in my own conceptual way. For example, I do relate to scalability, interoperability and sustainability as applied to cryptocurrency. I get throughput as transactions per second, and the need for balance between speed, security and efficient use of resources. I appreciate Cardano for its vision of bridging between coins of its realm, and between crypto and fiat money, for making the exchange of contracts more universally accessible, for offering an alternative to the rigid, exclusive hierarchical legacy world with a decentralized, open source platform, and for its deliberate, thorough, scientific approach to achieving each stage of its vision. Strange as it may sound to some, I can imagine metaphoric parallels in a loose and general way, between the Cardano platform/protocol and my expansive psychospiritual inner landscape, where unconditional love is free flowing energy connecting the coins of the realm in transactions per second. I like to see both made available to all. How anyone else approaches crypto investing is of course up to the individual. My story is that with my wife/life partner, I started by exploring many options for coins to invest in, exchanges which list them, and considerations of security, liquidity, community and support. At the conclusion of that exploration, we settled on the Cardano ADA as our primary coin, Crypto dot com as our exchange, and the Yoroi wallet as the basis of security on our mobile devices. Further articles will detail what we have found, and are finding. I am all up for being one step ahead!
1 Comment
5/20/2020 12:08:32 am
Good to know you have/are making a move into comprehending and "investing" into the crypto space, its technology, the pros&cons as well as sharing how it relates to you and how you feel about it.
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