Learn: Why (Not) Cryptocurrency?

1. Past Cryptocurrency: Cryptocurrency Projects of the past, provided a significant and important bridge between the now antiquated legacy Fiat Currencies or "regular money" and the a new class of Cryptocurrency.

   1. Limited Use: Cryptocurrency provided a very limited way to convert Asset Valuation and Currency to an on-line and computerized database entry, thereby becoming very similar to a simple check ledger or check registry entry (not a Currency).  1st generation Cryptocurrency was a nascent first step, a supported first try, and the first large scale attempt to move from Currency to an on-line digital solution.

   2. Move to Digital: The many different 1st generation Cryptocurrency designs tried to address many different areas of interest including Inflation protection, Store of Value holding, Digital Transmission communication, and other areas.

   3. Too Many Losses: It is historically proven that 1st generation Cryptocurrencies have some significant benefits and partially solved some of the market's various needs.  In most cases, the actual function and use was very flawed. In many cases, Cryptocurrency use resulted in catastrophic outcomes for many consumers.

   4. Alternative Store of Value: These critical first designs, methods, and technological Cryptocurrency systems gave investors, savers, speculators, and planners a way to store value and move to a digital checking ledger type value counting system.

2. Cryptocurrency Progress: Cryptocurrency has been marginally successful because it provided some benefits over the previous analogue Fiat Currency systems. 

   1. Significant Uses: Cryptocurrency offered increase digital capability, on-line validation, and a non-physical checking ledger. It surpassed some Fiat Currency in some significant digital uses.

   2. Imperfect Progress: Cryptocurrency showed the way forward in a digital world, but with a very flawed model.  As a beacon or lighthouse, it showed a path to the future, when customers did not have their value stolen, pilfered, or lost.

3. Abandon Cryptocurrencies: They all are missing many important things; they must all be quickly abandoned.

   1. No Money: All 1st generation Cryptocurrencies are not Money; there are no individual bills, coins, or units of value. They are just database entries on someone else's computer.

   2. Journal Entry Only: All 1st generation Cryptocurrencies are not Physical Currency; they can not be physically held. They are just database entries on someone else's computer.

   3. Not Real Wallets: All 1st generation Cryptocurrency Digital Wallets are not wallets; they do not hold currency, they hold only database address locations. They just modify a database location entry on someone else's computer.

   4. Mining Destroys: All 1st generation Cryptocurrency Mining (Minting) does not exist; they do not create any unit of value, they simply complete current transaction validations. They just validate a database entry on someone else's computer.

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