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Oluwaseun Oluyemo
@oluyemo69
Debunking the Myth: Cryptocurrency is Not a Scam Yesterday, as I was walking with a friend to escape the intense heat in our room, I overheard a group of people on the street passionately debating whether cryptocurrency is a scam. The word "scam" echoed in my head, and I felt compelled to address their misconceptions. I tapped my friend in the same way we do with the Telegram mining app, asking for a minute to join the conversation. Politely, I approached the group and said, "Sorry, I overheard your conversation, and I would like to add a few things." They welcomed me warmly, and I began to share my perspective on cryptocurrency. Understanding Cryptocurrency: I started by explaining that cryptocurrency is a digital or virtual form of money that uses cryptography for security. Unlike traditional currencies, it operates on a decentralized technology called blockchain, which ensures transparency and security. Common Misconceptions: I addressed common myths about cryptocurrency being a scam. I explained tha…
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Oluwaseun Oluyemo pfp
Oluwaseun Oluyemo
@oluyemo69
Real-World Applications: I shared examples of how cryptocurrencies are being used in the real world. From international remittances to decentralized finance (DeFi) platforms, cryptocurrencies offer solutions that traditional financial systems cannot match. Security and Transparency: I emphasized that blockchain technology, the backbone of cryptocurrencies, is designed to be secure and transparent. Every transaction is recorded on a public ledger that is nearly impossible to alter, reducing the risk of fraud. Future Potential: I highlighted the potential of cryptocurrencies to revolutionize various industries. From providing financial services to the unbanked to enabling smart contracts and decentralized applications, the possibilities are vast and growing. Lastly I stated that Crypto is not a get-rich-quick scheme. It's a complex and rapidly evolving space that requires education, research, and a thoughtful approach. By the end of our conversation, I was able to convince 80% of the group that cryptocurrenc…
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