Just in case you’ve been hiding under a rock these past few years, you probably already know that cryptocurrencies will be all the rage today.
Cryptocurrencies, and the most famous of these is bitcoin, enable people to transfer money across huge distances without paying through the nose.
You have to understand that when you send money through a bank or a remittance company, the fees can be quite restrictive. We’re talking about as much as 10%. You may be thinking that PayPal is a good way to get around this? Well, think again. When you look at PayPal’s fees, they actually hit you twice.
First, they charge a fee to the receiver. Second, if a person sent you dollars and you have a local currency, what do you think PayPal will do? That’s right, it will convert those dollars into your currency, but at a very low rate. I’m talking about a ridiculously, almost obscenely unfavorable rate.
That’s how messed up PayPal is, and guess what? Banks are just a step or a notch lower in severity than PayPal.
It is no surprise that people have been looking for a low cost way to send money across borders. And cryptocurrency, using blockchain distributed through peer to peer network ledger technology, is able to do this.
As you can well imagine, there are lots of crypto coins being issued on an almost daily basis. People buy these for a fraction of a penny waiting for them to go up.
Prior to bitcoin’s recent meltdown, this was a good way to start with $10,000 and see it turn into several million dollars. Not a bad return, right? You definitely can’t get that playing regular stocks. So what’s going on?
Well, as you can well imagine, there’s a lot of controversy in the cryptocurrency community. There are the good guys, there are scammers, there are regulators – it’s like the wild wild west. The characters that the crypto scene attracts is very much like the alien cantina scene in Star Wars, with all these random characters from all over.
And that’s why crypto players have discovered Crypto Discord servers. Discord servers were originally set up to enable video gamers to talk while they’re coordinating with each other in a game.
Many game platforms like World of Warcraft don’t really allow for robust team communication on the platform itself. And that’s why the Crypto Discord server technology evolved outside of that platform.
Well, crypto players have discovered that tapping into Crypto Discord servers enable them to plug into a community. This is a communication system that seeks to solve one of the biggest headaches facing the cryptocurrency community.
Communications over several platforms can be fragmented and disjointed. A lot of the information shared there may be old. The great thing about Discord Servers is that they are very open. This means that there’s a diversity of opinion, and there’s a large number of opinions.
Why is this a big deal? Well, when you plug into a Crypto Discord server, you may be forgiven for thinking that you’re going to be blasted by all sorts of scam and spam ads. Here’s the thing. It’s harder to scam people with a new cryptocurrency coin in an open space.
How come? Well, since Crypto Discord servers are so huge and so open, people would come in and call your bluff. That’s right, if you’re lying, if you’re exaggerating or hyping, your claims are going to be called out. You better back those claims up with solid facts or you’re going to look like a Grade A clown.
The bottom line is that it’s harder to scam using a Crypto Discord, and it’s harder to get scammed. Seriously. Because this is an open space. And claims are put through a grinder like they should be.
So do yourself a big favor. If you are a crypto trader or if you’re promoting a new coin, join a Crypto Discord server so you can get the inside scoop on what the global crypto community thinks about the latest trends.