I have sympathy for countries banning cryptocurrency trading. Most of it is a scam. Cryptocurrencies are mined using government-subsidized resources. The end result of cryptocurrencies is a net loss for many people, and a win for a select few. Nope, don't mind if it's banned.
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What do you think about the 3rd generation?
Lol, is that the generation of crypto coins which have an ICO but no product? I don't know what third gen cryptocurrencies are haha.
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Cryptocurrencies in a nutshell: pretty decent technological innovations which happen to be about money which in turn attracts swarms of greedy opportunists that will drown you in megalomaniac whitepapers.
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The tech itself is actually not about money, it is actually decentralized secure contracts, i like that. Still have no trust because I don't fully understand how it is technically done in the 3rd generation. Need to spend some time on it.
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I am not pro in this, but watched this, it made it a little bit more clear, lots of questions still though https://www.youtube.com/watch?v=Ja9D0kpksxw …
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3rd generation is supposed to be fast in mining and still decentralized and secure.
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