In this video, I answer the question of why we need cryptocurrencies. I cover the history of cryptocurrency and why they were created as a result of having to deal with trusted third parties. I explain how crypto undermines trusted third parties and why crypto is revolutionary technology. I also go over the difference between a push versus pull system, plus the inherent weakness of centralized exchanges in the crypto ecosystem.
Error correction: I meant to say the Cypriot banking crisis was in 2012
