Quote from: aa on August 02, 2014, 09:57:03 PM

Quote from: MasterOfDisguise on August 02, 2014, 09:54:06 PM

I've heard of a crypto-currency which provides a basic income for everyone

That's not what cryptocurrency is. Whatever you heard of, it's not "cryptocurrency," it's just some thing.

http://en.wikipedia.org/wiki/Bitcoin

This.

Quote from: MasterOfDisguise on August 02, 2014, 09:54:06 PM

I've heard of a crypto-currency which provides a basic income for everyone but why does it have to be basic? Why can't it provide a good income for everyone? Also, will prices rise if everyone was earning a good amount of money? I am only 12 and have no knowledge of the economy but I am interested in learning about crypto-currencies.

If everyone started using it, chances are the price would rise, or it could fall, as people would try to exchange their fiat to Bitcoin before everyone else.

It can't provide a good income for everyone because there are too few; it's more like a store of value (Literally crypto gold) as opposed to being something that's easily worked for.

Cryptos are to get us away from this system of centralization, and aren't meant to be a handout for everyone. You will work for it just as much as the rest of us.

I don't know, though, if there's another coin suitable for every-day business...

Quote from: serje on August 02, 2014, 09:59:11 PM

you can earn money with crypto but you can also lose

if you make your own altcoin and have the necessary charisma to convince people it a good altcoin then you can make a few thousand dollars in a few days

And once the pump and dump is done, you'll be shunned by the community as a greedy b@stard. Luckily, there's always alternate accounts!