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๐ฝโ๐ปThe saying "We see profiles, we do not know faces" applies very literally to the world of cryptocurrencies ๐ช. Instead of a metaphor, it is an accurate description of how this ecosystem works.
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The Reality of Digital Value ๐
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Profiles We See: When you enter the market, what you really see are the public profiles of cryptocurrencies. This includes real-time data such as their price ๐ฐ, their market capitalization, and their transaction volume ๐. You can analyze Bitcoin's charts to understand its history as the first digital currency, or examine the growth of Ethereum to see the value of its smart contract platform โ๏ธ. We also see the volatility of projects like Dogecoin, whose value profile is driven by the community and social media ๐. All this information is transparent and accessible on the blockchain โ๏ธ.
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Faces We Do Not Know: What we do not see is a face, a person, or a central entity that we can blame or contact ๐คท. The creation of Bitcoin, for example, is attributed to an anonymous individual or group known as Satoshi Nakamoto ๐ต๏ธ. The system operates based on trust in the code and in the decentralized community of miners and validators, not in a bank or government ๐ฆ. Even in the case of Tether, a stablecoin that seeks to match the value of the dollar, although there is a company behind it, its main functionality relies on the trust that the code will do what it promises ๐.
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In essence, the phrase reflects the fundamental principle of crypto: value and security lie in mathematical rules and decentralization, not in the identity of its creators. ๐