Mark Mason
Well-known member
Independent Journalist Ben Swann: Cryptocurrency Is Backed by “Radical Transparency”
According to independent journalist star Ben Swann, cryptocurrency is not valueless, but is backed by radical transparency.
In a six-minute video for his Reality Check segment, Swann went over the key criticism of cryptocurrency by detractors: that it has no inherent value, that is isn’t “backed by” anything such as precious metals. He explained in detail how blockchain technology is instead backed by radical transparency, as each and every movement of the network is viewable by the general public, from its supply, all its transactions, transaction fees, and more. Because of this, public blockchain-based cryptocurrencies garner much more trust than an opaque network such as that of a bank, or precious metal supplies that may be subject to manipulation and dishonesty. On Facebook, where the video has gotten the most attentions so far, it has reached nearly 50,000 views.
According to independent journalist star Ben Swann, cryptocurrency is not valueless, but is backed by radical transparency.
In a six-minute video for his Reality Check segment, Swann went over the key criticism of cryptocurrency by detractors: that it has no inherent value, that is isn’t “backed by” anything such as precious metals. He explained in detail how blockchain technology is instead backed by radical transparency, as each and every movement of the network is viewable by the general public, from its supply, all its transactions, transaction fees, and more. Because of this, public blockchain-based cryptocurrencies garner much more trust than an opaque network such as that of a bank, or precious metal supplies that may be subject to manipulation and dishonesty. On Facebook, where the video has gotten the most attentions so far, it has reached nearly 50,000 views.