Proponents of cryptocurrency will claim that the network effects of a given currency add to the perceived value. There are also differences in implementations b

Proponents of cryptocurrency will claim that the network effects of a given currency add to the perceived value. There are also differences in implementations between the cryptocurrencies where each has differing properties. Critics claim that cryptocurrencies are valued under the greater fool paradigm. A speculator buys a cryptocurrency with the intention of selling it on to the 'greater fool'. There are regulatory barriers erected around traditional payment processing to consider. As not all cryptocurrency transactions are subject to these regulations, they offer a discount. Cryptocurrencies offer a medium for those unable to transact by other means.