{"id":24265,"date":"2022-07-29T01:17:12","date_gmt":"2022-07-29T01:17:12","guid":{"rendered":"http:\/\/egrowonline.com\/?p=24265"},"modified":"2022-07-29T01:17:12","modified_gmt":"2022-07-29T01:17:12","slug":"common-misconceptions-about-cryptocurrency-nfts-and-more","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=24265","title":{"rendered":"Common Misconceptions About Cryptocurrency, NFTs, and More"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"\">\n<figure class=\"style_1ngkwsz-o_O-style_1ts1q2h\" \/>\n<p class=\"tagStyle_18h2erd-o_O-style_a7x3hw-o_O-style_48hmcm-o_O-style_1eq89f5\" data-mm-id=\"_oy7ork2r4\">Hearing <a target=\"_blank\" class=\"tagStyle_18h2erd-o_O-style_1i5d9um\" href=\"https:\/\/www.mentalfloss.com\/article\/644317\/what-are-nfts\" rel=\"noopener\">NFTs<\/a> explained as \u201cnon-fungible tokens\u201d means nothing unless you\u2019re already familiar with the word <em>fungible<\/em>.<\/p>\n<p class=\"tagStyle_18h2erd-o_O-style_a7x3hw-o_O-style_48hmcm-o_O-style_1eq89f5\" data-mm-id=\"_2lo2jl7z1\">After this episode of <a target=\"_blank\" class=\"tagStyle_18h2erd-o_O-style_1i5d9um\" href=\"https:\/\/www.mentalfloss.com\/section\/misconceptions\" rel=\"noopener\">Misconceptions<\/a>, you definitely will be. Mental Floss host Justin Dodd is diving deep into the many myths and misunderstandings surrounding cryptocurrency \u00e0 la <a target=\"_blank\" class=\"tagStyle_18h2erd-o_O-style_1i5d9um\" href=\"https:\/\/www.mentalfloss.com\/article\/500940\/fact-check-physicist-weighs-whether-scrooge-mcduck-could-actually-swim-pool-gold\" rel=\"noopener\">Scrooge McDuck in that giant pool of gold coins<\/a>.<\/p>\n<p class=\"tagStyle_18h2erd-o_O-style_a7x3hw-o_O-style_48hmcm-o_O-style_1eq89f5\" data-mm-id=\"_zeynpuqb5\">Speaking of coins: Just because you can\u2019t hold a bitcoin doesn\u2019t mean there\u2019s an infinite supply of them. And just because the U.S. doesn\u2019t recognize cryptocurrency as legal tender doesn\u2019t mean they don\u2019t tax it. In El Salvador, on the other hand, bitcoin <em>is<\/em> valid legal tender\u2014meaning you can use it to pay off debts. That said, only around one-fifth of businesses there actually accept it.<\/p>\n<p class=\"tagStyle_18h2erd-o_O-style_a7x3hw-o_O-style_48hmcm-o_O-style_1eq89f5\" data-mm-id=\"_du7td7ewf\">So what exactly is cryptocurrency? How does it work? And how can you use it to make pools of gold coins to swim through? Press play below for answers to two of those questions (and some others).<\/p>\n<figure class=\"style_sk5w3b\">\n<div class=\"jeg_video_container jeg_video_content\"><iframe loading=\"lazy\" title=\"Misconceptions About Cryptocurrency\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/CJfvj6S8BjE?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/figure>\n<p class=\"tagStyle_18h2erd-o_O-style_a7x3hw-o_O-style_48hmcm-o_O-style_1eq89f5\" data-mm-id=\"_d4cdhylzn\">Subscribe to the <a target=\"_blank\" class=\"tagStyle_18h2erd-o_O-style_1i5d9um\" href=\"https:\/\/www.youtube.com\/c\/MentalFloss\" rel=\"noopener\">Mental Floss YouTube channel<\/a> for future illuminating videos.<\/p>\n<aside class=\"style_4p6ay9\" data-mm-id=\"_b2xvti22q\" \/><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.mentalfloss.com\/posts\/misconceptions-about-cryptocurrency-nfts\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hearing NFTs explained as \u201cnon-fungible tokens\u201d means nothing unless you\u2019re already familiar with the word fungible. After this episode of Misconceptions, you definitely will be. Mental Floss host Justin Dodd is diving deep into the many myths and misunderstandings surrounding cryptocurrency \u00e0 la Scrooge McDuck in that giant pool of gold coins. Speaking of coins: [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24266,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[36],"tags":[6042,52,8335,502],"class_list":["post-24265","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-common","tag-cryptocurrency","tag-misconceptions","tag-nfts"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/07\/01g935tytmrkn8hmx2qe.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/24265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24265"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/24265\/revisions"}],"predecessor-version":[{"id":24267,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/24265\/revisions\/24267"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/24266"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24265"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}