Aug 17, 2021

Introduction to Polkadot

2021-08-17T11:04:34-07:00August 17, 2021|Categories: Crypto 101|

Polkadot is often called Ethereum killer and that’s probably why it’s so hot right now.  A lot of savvy digital-asset investors are hedging their bets, buying tokens associated with upstart blockchains that could potentially grab market share from the Ethereum network, often referred to as a “world computer” due to its versatility and programmability.  Described as an open-source [...]

Aug 3, 2021

Hot Wallet vs Cold Wallet

2021-08-03T15:55:21-07:00August 3, 2021|Categories: Crypto 101|

Should you go hot or cold? It depends. That’s a very lawyery thing to say but it is true.  The short of it, hot wallets are online crypto platforms. It’s when you don’t have the private keys to your cryptos.  Cold wallet is when you store the private keys to your cryptos in a hardware or device.  Hot [...]

Jul 22, 2021

Bitcoin SV For Dummies

2021-07-22T21:37:25-07:00July 22, 2021|Categories: Crypto 101|

Bitcoin SV stands for Bitcoin Satoshi Vision. It is a breakoff of Bitcoin Cash, a diehard "cult following" of Craig Wright.  Craig Wright claims to be Satoshi Nakamoto, the true inventor of Bitcoin. Investing in Bitcoin SV is placing a bet that Craig Wright really did invent Bitcoin, and will one day offer the proof, which is to [...]

Jul 21, 2021

Ethereum Classic Basics

2021-07-21T10:00:13-07:00July 21, 2021|Categories: Crypto 101|

Ethereum Classic does the same thing Ethereum does.  It facilitates running smart contracts by offering the benefit of decentralized governance.You don’t need a third party involved, such as a bank. It’s an if-then scenario.  If the actions required within the contract have been fulfilled, then the responding contract parameters would be completed.  If the contract parameters have not [...]

Jul 16, 2021

What Are Stablecoins?

2021-07-16T09:37:00-07:00July 16, 2021|Categories: Crypto 101|

A “stablecoin” is a type of cryptocurrency whose value is tied to an outside asset, such as the U.S. dollar or gold.  The company that created the crypto will have a reserve that matches the number of units they have in circulation.  It’s like a collateral.  You should be able to exchange one unit of a stablecoin for [...]

Jul 15, 2021

Bitcoin Mining vs Bitcoin Halving

2021-07-15T13:38:10-07:00July 15, 2021|Categories: Crypto 101|

By now, you should know that there are only 21 Million bitcoins ever created. But not all 21 million bitcoins are already available in the market.  Like gold, you need to mine bitcoin. Unlike gold, you don’t need to physically dig the Earth to mine bitcoin. Instead, you make your very powerful computers solve complex mathematical problems to [...]

Jul 12, 2021

Why Small Businesses Should Consider Bitcoin

2021-07-12T13:47:30-07:00July 12, 2021|Categories: Crypto 101|

If you’re a small business, you need to start accepting Bitcoin.  Why?  #1. There are no fees Let’s face it, 2 to 3 percent merchant transaction fees hit your cash flow hard. Bitcoin transactions typically cost between 1 percent and zero. Yes, 1 to zero percent. You can send or accept bitcoins as payments with no fees attached. [...]

Jul 2, 2021

Companies Building on the Ethereum Network

2021-07-02T09:47:15-07:00July 2, 2021|Categories: Crypto 101|

Ethereum is the first cryptocurrency that has an actual utility. Ethereum is also the one cryptocurrency that serves as the perfect case study of how much our future depends on cryptocurrency and the blockchain.  It shows just how much better we can have it, how our financial industry and economy can become more transparent, fair, and tamper-proof.   It [...]

Jun 30, 2021

Effect of Ethereum’s Support on Dogecoin’s Value

2021-06-30T14:05:43-07:00June 30, 2021|Categories: Crypto 101|

https://www.youtube.com/watch?v=r2vUixoXiP0 Ethereum just announced they will support Dogecoin. Do you think this will inspire people to take dogecoin seriously and push it above $1? Guy Gotslak: If you have ever watched a romcom where a guy keeps on teasing a girl, making jokes at her expense and then the girl does something that makes the guy fall [...]

Jun 28, 2021

Blockchain Could Dethrone Google

2021-06-28T09:49:15-07:00June 28, 2021|Categories: Crypto 101|

https://www.youtube.com/channel/UC5nJXrSqfCRsb_KSDlTRQEA You mentioned the potential of Blockchain. Is there any industry that you think will benefit from what the blockchain can offer.  Guy Gotslak: There’s a lot but the internet is probably the one “industry” that blockchain could affect… for the better.  The next level may be an actual merger of the existing internet protocol (TCP/IP) with blockchain [...]

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