CRYPTO MADE SIMPLE
Crypto made simple: –Jack has a big computer, and says he has a ‘bank’ and an “exchange.” –You give Jack $$$. Jack gives you an ‘account’ and a receipt for your real money which he says he’s keeping safe for you. –For you to get your money back, you need to sell your account to somebody else who is willing to buy. –Those sales take place on Jack’s ‘exchange,’ and the prices offered become the value of your account. The…