Coiner Poem | digitalassets

The Coiner Poem ©

Should I buy or should I sell

Every day a new story to tell.

Bitcoin (BTC) or Ethereum (ETH) will likely win the day

Always with more Crypto (currencies) in the fray.

A Satoshi (Sat) is the basic unit, with 1 BTC = 100 million Sat

Not worth much now, but when 1 Sat = $0.01 then 1 BTC = $1,000,000.

A Blockchain is a permanent, global, public ledger

That tracks (Crypto) Wallet transactions and is very clever.

A Wallet does not hold tangible coins to see and hold

But is more like a public record of intangible digital gold.

A Wallet includes a paired Public Address and Private Key

It's not a mystery but more like a mailbox that's easy to see.

There's lots of hackers, since the Internet's not secure

But modern Cryptography is there to cure --

With a Digital Signature for every Wallet transaction

Along with a Public Key to verify each signing action.

Just so you know, a Private Key is a random character sequence

Used to create a paired Public Key and Public Address only once.

Hard and Soft Forks are planned improvement upgrades

And if the Blockchain splits, free coins may come with accolades.

Financial and Tax advisors have no clue

What this new Digital Asset class will do.

Regulators and their like are also at a loss

Money, property and commodities are what they boss.

For those that crave stability, market variations are feared

Since caused by programmed trading or people that are weird.

If you do play, security and 2FA are a priority

Otherwise you risk losing ownership authority.

For financial diversity, balance Fiat for the future

With Crypto in cold storage and on your computer.

Fiat has synergy with Crypto -- the new money

But most have no idea or just think it's funny.

What deserves inspection is Fiat value based on faith in sovereign dictation

That debt and fractional reserve are the basis for money creation.

In contrast, Crypto value is based on market forces and logic of math

With a mining protocol and elliptic curve providing a new path.

Some politicians think that Fiat banks should oversee Crypto operations and designs

But that's like a wolf guarding the hen house or hackers guarding gold mines.

The Internet operates with packet movement without a central controller

Crypto is similar with value ownership changing without a 3rd party broker.

Cloud Mining is the new kid on the street

That may last forever or just be today's treat.

Tokens are not yet coins but Initial Coin Offerings (ICOs)

And where they will go in the future no one knows.

For those that are angry because they did not anticipate

Take time to learn more and "be ready" to participate.

For us, it pays for stuff -- especially more travel

And for Uncle Sam, it's just more taxes to unravel.

Authors: John and Sherri Wnuk, August 2017

Acknowledgement: The Kipling Society, The Coiner, Circa 1611