A simple way of understanding cryptocurrencies as told through the popular TV series, Game of Thrones.
During Thanksgiving, the big questions were, “How do I invest in Cryptos?” and “Is it too Late to Get Into Cryptos?” As 2020 approaches, your friends and family will be asking you to explain the different cryptocurrencies. Luckily for you, I have created this guide to help you answer that very question, using terminology that many will understand (unless they live under a rock and don’t watch Game of Thrones either).
Images: (1) DeviantArt; (2) http://vsbattles.wikia.com; (3) ZiNGPop Culture; (4) Tumbler; (5) FunMozar
Bitcoin / House of Stark: The legitimate cryptocurrency that came into power. Like Ned Stark, Satoshi Nakamoto disappeared after the launch of Bitcoin; yet, his legacy lives on. Bitcoin is competing with other coins for top market capitalization. (See also: Bitcoin’s Civil War: How and Why?)
Ethereum / Daenerys: Like Daenerys, Ethereum believes in smart contracts for the people and wants to remove the middleman chains of society. Additionally, just as Daenerys has set up some strategic alliances, Ethereum has also created smart alliances with big players. (Read more: What’s the Difference Between Ethereum and Ethereum Classic?)
Bitcoin Cash / Cersei Lannister: Wants to destroy Bitcoin and claims to be the rightful Crypto heir to Satoshi Nakamoto. Uses strategies to pump up the price in order to displace Bitcoin. Cunning and extremely ambitious.
(You might also be interested in Coins, Tokens & Altcoins: What’s the Difference?)
Litecoin / Jon Snow: Came out of Bitcoin’s blockchain via a software fork. Litecoin fought back from its deathly low drop in Sept. ’17 to current ATH (All-time-high) price level. Believed to be Bitcoin’s Silver, aka right-hand man. Quick as “lightning” with transactions (and a sword). (See more: Guide to Forks: Everything You Need to Know About Forks, Hard Fork and Soft Fork)
Monero / Arya Stark: The coin that is “Faceless” and has secret origins akin to the House of Black & White. A rebel currency like Arya that rejects the idea that transactions need to be made public. Prides itself on being secure, private, and untraceable. (Read also: Guide on Privacy Coins: Comparison of Anonymous Cryptocurrencies)
Zcash / Varys: The coin that is a master of secrecy and “not the controller or the power-holder” of the currency. A decentralized network and open-source coin that offers privacy and selective transparency of transactions via its secret network.
Ripple / Jaime Lannister: Like Jaime, Ripple is a formidable player but not liked in the crypto world. Wasn’t designed to be a standard crypto and has no mining component. Ripple is centralized and serves financial institutions; the very antithesis of Bitcoin.
Blockstack / Tyrion Lannister: Tyrion believes in a new (peaceful) order like Blockstack believes in “A new internet for decentralized apps where users own their data.” Blockstack exercised caution during its ICO, just like Tyrion exercises caution with his strategic plans.
IOTA / Baelish: Great at convincing people using media tactics, IOTA claimed to have some strategic alliances which never existed. Like Baelish — IOTA uses a mix of FOMO (fear of missing out) tactics to get what it wants from the people.
Cardano / Samwell Tarly: Platform that has evolved out of a scientific philosophy and a research-first driven approach. Team consists of expert engineers and researchers. Just like Sam, it is quite the crypto-scholar. (See also: A Guide To Fundamental Analysis For Cryptocurrencies)
Tezos / The Hound: Standing tall at a $232M ICO raise, Tezos had a nasty battle scar from internal team fighting. It is still yet to be seen whether Tezos will be successful, and there is a chance Tezos will be on the right side of crypto-history. Here’s a Guide on Identifying Scam Coins.
NEO / Dragons: Known as the “Chinese Ethereum” NEO was once on fire making 400% gains. NEO also runs on gas to light its flames. It is yet to be seen if NEO will live on like Daenery’s surviving dragons or will succumb to the White Walkers.
Regulators / White Walkers: Waging a battle on banning and destroying cryptocurrencies. Some regulators are out to ruin cryptos and bring everything back to the currency world. It doesn’t apply to all regulators. Here’s an interesting piece: Evolution of Cryptocurrency: The Problem With Money Today.
(You might also be interested in: Bitcoin vs Alt Coins Returns: Comparison of Gains Between Bitcoin & Altcoins Investing and Crypto Guide 101: Choosing The Best Cryptocurrency Exchange.)
Beneficial Resources To Get You Started
If you’re starting your journey into the complex world of cryptocurrencies, here’s a list of useful resources and guides that will get you on your way:
Trading & Exchange
- Crypto Guide 101: Choosing The Best Cryptocurrency Exchange
- Guide to Bittrex Exchange: How to Trade on Bittrex
- Guide to Binance Exchange: How to Open Binance Account and What You Should Know
- Guide to Etherdelta Exchange: How to Trade on Etherdelta
- Guide To Cryptocurrency Trading Basics: Introduction to Crypto Technical Analysis
- Cryptocurrency Trading: Understanding Cryptocurrency Trading Pairs & How it Works
- Crypto Trading Guide: 4 Common Pitfalls Every Crypto Trader Will Experience
- Guide to Cryptocurrency Wallets: Why Do You Need Wallets?
- Guide to Cryptocurrency Wallets: Opening a Bitcoin Wallet
- Guide to Cryptocurrency Wallets: Opening a MyEtherWallet (MEW)
Get our exclusive e-book which will guide you on the step-by-step process to get started with making money via Cryptocurrency investments!
You can also join our Facebook group at Master The Crypto: Advanced Cryptocurrency Knowledge to ask any questions regarding cryptocurrencies.
*This represents the writer’s personal opinions and does not – in any way- constitute a recommendation of an investment or financial advice. Please assume caution when investing in cryptocurrencies and do so at your own risk, as it is extremely volatile and you can lose your money.