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Module 3: Using Crypto in Real Life

a month ago
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Module 3: Using Crypto in Real Life

Lesson 1: Bitcoin – Store of Value


Think of gold. For centuries, people used gold not just to trade but to protect wealth. Even today, investors buy gold when they fear inflation or economic collapse.


Now imagine gold, but digital—that’s Bitcoin.


Why Bitcoin is called “Digital Gold”:


  • Limited supply: Only 21 million Bitcoins will ever exist. No government can “print” more.
  • Inflation protection: While paper money loses value when too much is printed, Bitcoin’s supply stays fixed.
  • Global acceptance: Like gold, people all over the world recognize Bitcoin’s value.


Why people buy and hold Bitcoin:

To store wealth safely, even if their local currency loses value.

To protect themselves from inflation and unstable governments.

To have an asset that is independent of banks.


Analogy:

  • Gold = a vault you keep for long-term security.
  • Bitcoin = a digital vault, easier to move, divide, and trade.

💡 Reflection Question: If your country’s currency lost half its value tomorrow, would you prefer to hold savings in local money or in Bitcoin? Why?


Lesson 2: InVastor Coin – Everyday Currency


While Bitcoin is great for long-term savings, it’s not always practical for daily spending.


That’s where InVastor Coin comes in—it’s designed to be used like cash in the digital world.


Using InVastor Coin to buy goods and services:


  • Buy items directly on platforms like inVastor.com.
  • Pay for services (freelancers, deliveries, local businesses).
  • Send money instantly to friends and family.


Why it’s faster, cheaper, and better for daily use:


  • Instant transactions: No waiting minutes or hours.
  • Low fees: Perfect for small purchases like groceries or online subscriptions.
  • Scalable design: Built for billions of users, not just investors.


Analogy:

  • Bitcoin = gold bar you save in a vault.
  • InVastor Coin = the digital cash you keep in your pocket for shopping.

💡 Reflection Question: Can you think of 3 things you would spend InVastor Coin on if all your local shops accepted it?


Lesson 3: Payments & Transfers


Sending money across borders is often a headache:

  • Bank transfers can take days.
  • Fees eat up a big part of the money.
  • Sometimes, people without bank accounts can’t even receive it.


With crypto:

  • You send money directly—peer to peer.
  • Transfers arrive in minutes (or seconds with InVastor Coin).
  • Fees are a fraction of what banks charge.
  • No bank account needed—just a wallet app.

Example:

  • Sending $200 abroad with a bank might cost $20–40 in fees.
  • Sending the same with InVastor Coin might cost just a few cents.


Analogy:

  • Bank transfer = mailing a heavy package overseas, with delays and costs.
  • InVastor Coin transfer = sending an instant WhatsApp message—fast, simple, and global.


💡 Mini Exercise: Imagine you’re working abroad and want to send money home every month. How would using InVastor Coin save your family money compared to using banks?


Lesson 4: Protecting Yourself from Scams


Crypto is powerful, but like any new technology, scammers try to take advantage of people.


Common tricks to avoid:

  1. Fake investment promises: “Send me 1 coin, I’ll give you back 2 tomorrow.” 🚩
  2. Phishing: Fake websites or emails asking for your wallet password. 🚩
  3. Impersonation: Someone pretending to be support staff asking for your keys. 🚩

Golden Rule: Never share your private keys or recovery phrase with anyone.


How InVastor’s escrow keeps users safe:

  • When you buy or sell on inVastor, payment goes into an escrow account first.
  • The seller only receives the money after the buyer confirms they got what they paid for.
  • This stops scammers from taking money and running.


Analogy:

  • Escrow is like giving money to a trusted middleman during a trade. The money is only released once both sides are happy.


💡 Reflection Question: If a stranger online asked you for your wallet password to “help you invest,” what would you do?


End of Module 3

Quick Recap:

  • Bitcoin = “digital gold,” used to protect wealth.
  • InVastor Coin = “digital cash,” built for everyday use.
  • Crypto makes payments and transfers faster, cheaper, and global.
  • Escrow systems (like InVastor’s) protect users from scams.


Module 1: The Basics of Cryptocurrency

Module 2: How Crypto Works

Module 4: The Bigger Picture

Module 5: Step Into Action

InVastor Crypto Education Series - Your Step-by-Step Guide to Understanding Cryptocurrency, Bitcoin, and InVastor Coin

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