Learn: Why (Not) Cryptocurrency Use?

1. Abandon Cryptocurrency: All of the 1st generation Cryptocurrencies types must be abandoned; they were simply a technical false start, a latent evolutionary step, and now have become a displaced technological paradigm. The business, technical, and legal risks have clearly shown that the previous models and implementations were wholly inadequate.

2. Blockchain Digital Mining: When you expend significant resources to complete transaction validation  with "Digital Mining" you are just buying the currency from the Electrical Utility and your Computer Hardware Equipment Supplier.

   1. Mining for Free: The perception that somehow value is created with Digital Mining is simply false or seriously misguided. When you calculate your Digital Mining personal time, management, and technical expertise you are likely working for "Free", especially after the next so called "doubling".

   2. Destroying the Environment: The massive Environmental Damage, Natural Resources depletion, and cost escalation for electrical power and computer resources remains immoral, unethical, and impractical for standard uses.

   3. Cryptocurrency Pollution: Blockchain Currencies are currently illegal or should be illegal under current United States of America (USA) Environmental Protection Agency (EPA) regulations.  All Blockchain Currencies are 2 mpg currencies.  Just as you can't sell a 2 mpg (miles per gallon) car, you can not or should not be able to sell a currency that melts the polar ice caps, uses up all of the available non-renewable carbon sources, and forces metric tons of carbon into the atmosphere. There is simply a lack of enforcement for current environment regulations.

   4. Open Ponzi Scheme: There is no value created with Cryptocurrencies and Blockchain currencies, they just immediately transfer a great deal of  your hard earned money to others.

      1. Loses: When the Ponzi Scheme of Blockchain currency ends, as all schemes eventually do, there will be many who significantly lose.  Most importantly, Mother Nature and our future Environmental Capacity will lose the most.

      2. Costs: When you fully including the costs of hardware, electrical power bills, data centers, data storage, and other resources, there is virtually no real return.

      3. Crash Displacement: Beside pure speculation, the main reason to use Cryptocurrencies and Blockchain currencies is to protect against the massive and excessive Fiat Currency printing. There is now an evident, probable, and almost certain crash pending for the current world Reserve Currency, the United States Dollar (USD). With time, excessive fiat currency printing, and inaction the likelihood is ever increasing in probability.

3. Why Not 1^st generation Cryptocurrency Use:

   1. Very Hard to Use: The actual number of users, the actual Market Capitalization amount, and the actual Transaction use remains marginal, small, and difficult.  Use is not scaling well as a percentage of overall economic activity.

   2. Only for Technical Users: The 1^st generation Cryptocurrency actual use has peaked for early adopters, for technically oriented users, and with edge-case speculators. The big run-up and subsequent crash in prices over the last two (2) years documents the lack of real applicable use.

   3. No Real World Use: "Main Street" businesses, the "Brick-and-Mortar" businesses, and the typical personal user can not easily Transact any form of 1st generation Cryptocurrency.  The normal and base-line economic use is too difficult, too volatile, too restrictive, and too complicated for day-to-day use.

4. Why Not 1st generation Cryptocurrency Investing:

   1. Only a Ledger Entry: The 1st generation Cryptocurrencies function as a historical checking account ledger entry and nothing more.  These Cryptocurrencies reside as location entries on third-party centralized server databases or in highly inefficient shards across a group of distributed databases.  When these systems are attacked, lost, or compromised, the Cryptocurrency and economic Store of Value is lost and disrupted.

   2. No Security: The almost universal Loss of Value with previous Cryptocurrency Security is simply not acceptable, not sustainable, and must not continue.   The continuation of illegal phishing, scamming, supply chain attacks, hacking, and unauthorized transactions are not sustainable.

   3. Illegal or Ponzi Scheme: It is reasonably argued that when total cost and risk are considered, all previous Cryptocurrency has been either a Ponzi Scheme, a Security Exchange Commission (SEC) Public Offering 147 or 147A Violation, or simply fraud. This is especially true when any form of Initial Coin Offering (ICO) has been made or when a future return or economic benefit was promised.

5. Vast Improvement: XiXcoin® is 2nd generation and is vastly improved to solve all of the many problems within the basic design of 1st generation Cryptocurrency; the XiXcoin® design renders the 1st generation obsolete.

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