Cryptocurrency is young, with an unpredictable future. Despite this, people are more than looking forward to cryptocurrency’s future. Those familiar with the virtual currency, like Dan Schatt of Earnity, urge everyone to learn more about cryptocurrency because it can transform the way users interact with the digital world.
Nowadays, companies and retail stores embrace cryptocurrency as the future of finance. Fintech and finance experts see that perhaps in a decade, crypto will be used to purchase goods and services online more regularly. The ultimate hope is for digital currency to pay for items in brick-and-mortar stores. And so is the hope for crypto purists.
But first, it is important to understand the term crypto purists.
Crypto purists believe that cryptocurrencies should be used primarily as a means of payment rather than as an asset. They tend to view Bitcoin and other cryptocurrencies as digital gold and see them as a way to opt-out of the traditional financial system.
Crypto purists often hold onto their coins for long periods, believing they will eventually become widely accepted and used as a mainstream currency. They may also use cryptocurrencies to purchase online or in-person rather than fiat currencies.
Some purists may also choose to mine coins to support the network and earn rewards. Others may participate in ICOs or crowdfunding campaigns for new projects that align with their beliefs.
The crypto purist community is relatively small, but it is growing. Some of the most well-known purists include early Bitcoin adopters such as Roger Ver and Gavin Andresen. Some of the most popular cryptocurrencies among purists include Bitcoin, Ethereum, Monero, and Zcash.
Earnity’s Dan Schatt says that you should learn about the available cryptocurrencies and their respective features to become a crypto purist. You should also make sure to buy coins you are committed to holding long-term. Finally, you should consider participating in the community by engaging in discussions, attending meetups, or even mining your own coins.
