What is Cryptocurrency?

Who am I?

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.

So 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 non tidal 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 4th century BC there is also the Caesar cipher which can be traced back to the 1st century BC.

I mention the time frames so that we can meditate on the importance of Cryptography throughout 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.

So let us place all these words together, we see that Cryptocurrency is Powerful Secret Money, later in this course we will dive deep into how all this works, for now I will give a quick explanation, the Secret is the private key and the private keyis the Cryptography. This ancient method of communication that has been used by the elite of the elite for Thousands of years is now used to empower us all and you have the power of the Elite literally at your fingertips.

How do we use this power? With Cryptocurrency you can choose to become your own bank. With this form of currency no one can take control of your money and no one can take your money. You are the only one that knows your Secret and it is fully under your control. This is called Power, now in knowing this, think about what you can do with this power. Imagine all of the possibilities at you finger tips. Thoughts that are emotionalized become magnetized and attracted similar and like thoughts. Think about what you can now do with your power. You can visualize an alternative marketplace where all goods and services can compete on a system of righteous values, an alternative market where you can buy real organic food and fair-trade products.

You can create a marketplace for information, for music, for art, for science and learning the possibilities are endless. I vision a global Market Place where you will find all the products you need, products and services of quality, this will be a network where all participants are on an equal playing field it will be a market built on the principles of Reciprocity.

What else can we do with this power? We can manifest a system of Governance that is for the people and by the people. Currency equals Power and Cryptocurrency the Powerful Secret Money is power in the hands of the people. Now I know I said a lot but after this course your will know I could not have said enough. Once again welcome to The Power of Cryptocurrency and the path to Financial Freedom, let us dive into the next lesson the Blockchain.

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