Apa Sih Gunanya Crypto?

Hi everyone, see you again luna, welcome to the channel talking about money we both know that in 2020, the cryptocurrency has experienced a tremendous increase for example here bitcoin is up by 450% throughout 2020 ethereum rose more than 1000% ya, in the last 1 year Then there is also yearn finance, which had reached a record of up to 650 million rupiah from what was previously only around 10 million rupiah the increase is up to 6400 percent in just 3 months amazing huh? it turns out that the increase in crypto assets is not inferior it can even be said to exceed the increase in shares in 2020 but have you ever thought about it? what is the real use of crypto? Is crypto just a commodity of coins and digital tokens, which are used as trading objects? aggressive price movements but it has no functional value at all or maybe? does crypto actually have useful values ​​that can be of real use in the future? so, what factors can make crypto prices soar? Is it just market speculation? well, in broad terms the increase in crypto price can be triggered by 3 things the first one is obvious, because of market speculation we can't possibly do that if the crypto increase is aggressive, one of them is triggered by market speculation or possibly excessive market optimism But, where does this optimism actually come from? of course, of its potential functional value and usefulness continue the second because of the development of technology and increasingly widespread crypto adaptation with technological development and adaptation The potential for real and widespread use of crypto in the future is becoming increasingly real and this can certainly increase the value of the crypto economy Anyway, this second point, which I will discuss in depth in this video and the third factor is the higher the rarity value For those of you who have watched it, your previous video about bitcoin of course you already know if the number of bitcoins is limited the supply cannot be added but it can be reduced because it was destroyed due to human negligence with a market cap of bitcoin that has already reached 9500 trillion you could say Bitcoin is the rarest and most liquid commodity in the world today those are the three factors that make crypto prices continue to rise well, in this video, I want to discuss more specifically the second point actually, what kind of technology does crypto offer to the world? this is simple Crypto technology can free all forms of digital services in the world without having to be controlled or controlled by a company, institution, or even a state usually ya a digital service created by a company that employs programmers the service can still be enjoyed by its users because yes it is managed by the company the company provides service rates to users and that company can pay server maintenance to service providers like Amazon or Alibaba so that the service can continue to live now what's the story if these programmers can make digital services which can be enjoyed directly by users without having to be managed by the company and no need to use a single server well, crypto technology with the name blockchain can create a network of servers scattered around the world and is operated by a home computer network that way, any program created on the blockchain network can run without the need to be controlled or controlled by certain companies or institutions really, what kind of program can be made on the blockchain? actually, it can be anything for example financial services such as savings and loan services, insurance, inheritance disbursement, asset trading, etc.

You know, but all of these services are already available, right? With traditional mechanisms such as banking, securities, etc. Yes, it's true, the service is widely available but for crypto activists Traditional financial services have many drawbacks especially with regard to the limitations of the human role well, with crypto technology the role of humans in applying the service can be replaced same computer program completely independent of human interests this technology is commonly referred to as a smart contract for example here financial services made with crypto technology, that can facilitate the transfer process around the world can be very fast and very cheap why is that? yes because there is no role for a human manual and there are no bank administration fees to pay really sophisticated right? Well, crypto-based financial service programs are often referred to as decentralized finance or DeFi.

financial services with the DeFi concept are open, global and neutral in nature This program does not recognize geographic boundaries I don't care about political conflicts between countries and also do not look at the social status of the rich-poor or important officials anyone, anywhere, and whatever the background all those people can access with the same protocol no one is special Enough with an internet connection, everyone can access this financial service without the need to fill in a pile of required documents that must be met and signed not only that financial services with blockchain technology can be said to be safe too, from human beings who have malicious intentions you know, why is that? yes, because the service operation can run itself automatically and no human being can tamper with a system that has already been launched on the blockchain Financial services are transparent, from an operational perspective but at the same time it is private in terms of privacy that is, anyone can verify the operational process of the service that the service protocol actually executes orders, not gimmicks and cool again users don't need to be asked for identity so you don't need to, give me your ID card or cellphone number which is often misused by the company to sell it to third parties and in the end it makes you often subject to ad spam, credit card offers, illegal loan offers or even OTP scams Wow, how cool is the potential utility of crypto technology yup, the potential is really extraordinary only unfortunately rarely do people know and really dig into the details Currently most people are just talking about the fluctuations in the price of crypto assets, which are going up aggressively, especially bitcoin.

but they mostly don't understand it actually what is the functional value of crypto assets in the future even though with various kinds of crypto projects that are running and this expanding adaptation process it could be, someday there will be many blockchain-based digital service programs which is widely used people all over the world will be saving on the blockchain transfer money by blockchain claim health insurance with a smart contract investing and trading in securities whose servers are on the blockchain execute all civil trade laws with a smart contract even borrowing business capital with certain guarantees can do that too executed using a smart contract service on the blockchain all operational processes can be automated without any human error loopholes fast, cheap, safe, neutral the protocol is also transparent but your privacy can be maintained now you might be curious what the heck, the relationship between bitcoin, ethereum, and other coins with the realization of blockchain technology, smart contracts, DeFi etc.

well, interesting In fact, the key to the application of this technology is not bitcoin but ethereum and DeFi tokens born from programs created on the ethereum blockchain for example chainlink, uniswap, compound, synthetic, etc. you know, what do you mean? so here's the concept Currently, there are so many programmers around the world competing create a financial services program in the form of DeFi they made the service not on servers created by the company like Amazon or Alibaba but use the ethereum blockchain as the base server The Ethereum blockchain can live on and is active as a server because there are thousands of miners around the world who uses his home computer to mine ethereum as well as being the server path for data transfer programs that have been made Well, programmers who build that service will need ethereum to be able to publish their program on the ethereum blockchain because in order to publish their program they have to pay the miners in the form of Ethereum Likewise with users who will later use this service if they want to run the program they have to pay like that the term gass fee in the form of ethereum That is what makes the economic value of Ethereum go up because ethereum is really needed to apply this smart contract in building its service program the programmers also issue tokens which are distributed to users what does this token do? most of these tokens serve as voting tools which determines the direction of the development of these financial service features so yes, it's really very similar to stocks companies usually issue shares well, these crypto programmers issue tokens as a voting tool in every decision making Of course, to make it more decentralized, generally the developers of this program will distribute 80-90% of their tokens to users while the developers themselves hold 10-20% of the tokens, as their voting power with the wider functionality of the program Hopefully, the token price can go up even more and those developers can benefit from the increase in the price of their tokens maybe now you're even more curious What smart contract programs are currently actively developing? there are actually a lot but I just mentioned a few, the ones that are already famous the first one is Chainlink well, this Chainlink functions as a decentralized data storage warehouse rich in economic data, political data, demographics, etc.

the data in Chainlink can be a basis like that for most of the smart contract services where for each data retrieval, the payment is made using a Link token besides chainlink, there is also a rival, band protocol well for those of you who want to invest in Chainlink tokens or band protocols if on an Indonesian exchange you can buy these 2 tokens on Tokocrypto besides that, there is also Uniswap which functions as a more stable money changer how come it's stable? yes, the problem is that the pricing is not based on the order book bid and over but from that algorithm, which calculates the volume ratio between crypto assets the token is called UNI There is also a competitor, the one in Binance is called CAKE You can buy these two tokens in Indonesian exchange on Tokocrypto especially CAKE which operates on Binance SmartChain is only available on Tokocrypto only there is also a compound, which functions as a medium for savings and loans so the borrowers can keep their crypto assets as collateral or collateral and borrowing assets in a more stable form like USD tokens later the borrowers will get interest rates that vary according to the algorithm of the smart contract wow In fact, there are so many potential uses or functions of crypto technology in the future yup !, there are really many Apart from what I mentioned earlier, there is also Syntetic which will have the potential to trade various derivative assets there is also yearn finance pancakeswap has binance, etc.

so… who says crypto will have no use and function other than being an object of trading? in my opinion, the potential is huge it's just that we really have to be careful about which projects can develop well so that the price of the token can continue to rise like bitcoin and ethereum Well for those of you who believe in the adaptation of crypto technology in the future you can, invest in tokens or coins who have a mission and purpose so that they can have real use in the future You can buy all the digital assets that I mentioned earlier on the exchange of your choice but for those of you who have watched our video before in fact, we advise you to buy these assets on Tokocrypto Why ? yes, after we reviewed it, several exchanges are available in Indonesia you could say Tokocrypto is an exchange that has many advantages in terms of low transaction costs, good security, and complete features Moreover, specifically for DeFi tokens issued by Binance Smart Chain, they are only available exclusively on Tokocrypto. create an exchange in Indonesia that accepts top ups in Rupiah okay, that's all I want to share this time, hopefully it can be useful and add to your insight especially about the crypto world and blockchain technology for those of you who have questions or want to share about your experience related to the world of crypto currency write in the comments column I'll see you in the next video still on the channel talking about money because talking about money, no …

that's all!.

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