Mm-hmm (affirmative). And let's take an action back for a 2nd, since I'm constantly curious to speak with people who are, especially someone like yourself, who's committed the last, you know, the better part of the last few years to truly go both feet in on this. How do you describe cryptocurrency to like a typical individual? That's a great concern.

They're 2 absolutely various things, but they're both called cryptocurrencies. A cryptocurrency is a cryptographic token that is attempting to be an option to cash. So Bitcoin would be a cryptocurrency. And so what provides it worth is that it is, there's just going to be a minimal quantity. There'll never be more than 21 million Bitcoin.

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There are billions of dollars worth of computers, validating the transactions on the Bitcoin network. Therefore if you look at that Bitcoin network, individuals constantly try to hack it. But since of the nature of the network, today it's been unhackable. And truly, with existing innovation, the Bitcoin network is so big right now, you can't co-opt it, you can't take it over.

And so when individuals put, you've got individuals who have actually own billions of dollars worth of Bitcoin. And they're making that bet since they're stating, "We don't trust fiat money, you can print an unlimited amount of it. It's truly not protect, and the federal government can take it away from you." - Whereas with Bitcoin, best , go on.

Yeah. Or individuals that were in Cypress, or simply people who have actually suffered through either devaluation, or there's a high demand for, in Argentina for example, high need for a black market of U.S. dollars. Correct. Are those countries that could possibly be a catalyst for more adoption, because they already don't believe in their own currency? Yeah, and I believe we've already seen that.

So yes, and this is a thing that a great deal of American or Western financiers have a bumpy ride getting their head around. They're like, "Well I do not need Bitcoin, I have money." Well yeah, you're right, you've got a steady currency, right? You don't require Bitcoin. But there are billions of people in the world that don't have stable currencies.

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Yeah (how to trade crypto currency). Therefore there's this entire burgeoning worldwide need for cryptocurrencies. So anyhow, that's one coin, cryptocurrencies, and there's an entire 'nother coin called energy coins. And utility coins are essentially utilized, let's state Ethereum, which a great deal of individuals understand about Ethereum. Ethereum is basically a global computer that you can write computer programs for and run computer system programs on a globally decentralized computer system program.

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So we think about something like Ether an utility token, due to the fact that you're essentially purchasing programming power. So I would not really think about Ether a cryptocurrency, I would call them an utility coin. Okay. And there are other ones out there, to give people an idea, like an extremely easy one that I would picture you 'd called an utility token, resembles FileCoin.

Where the idea is that essentially you're hosting files through a peer-based network, and there's kind of this very same type of network impact that you have with Bitcoin, where it's like unstoppable kind of thing, due to the fact that it's on a lot of different locations and (how to trade crypto). I do not understand the ins and outs of it, however as an example for somebody who might simply be extremely standard in their understanding of this, there are many various types of utilities that are available.

And you type of mentioned having this boots on the ground experience. Now, because we're taking a look at the bulk of these are probably energy based, correct? Mm-hmm (affirmative). Most of the coins that I recommend and take a look at are utility-based. We have a few cryptocurrencies, however I think the genuine opportunity depends on the energy coin space.

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There's all of these ICOs that were taking place, those slowed down a bit with some changes to a couple of things that was going on, however individuals are going to come out of the woodwork and start to produce utility coins- Correct, yeah. And people need to comprehend that not all energy coins are produced equivalent.

So you have the benefit of dedicating your profession to this, so you can head out there and do the recon, you can fulfill the creators, you can inspect the code, etc. But for a typical person, there's now what, over 1,000 various types of coins offered, nearly 1,200 I think.

How do they do that? That's an excellent question. I will say that 95% of ICOs are either deceptive or just bad concepts. Okay. Right? There's nothing worse than someone that's young, earnest, with a dreadful concept, that someone provides $40 million to. Right? Yeah, totally. So yeah, so I do not really take part in many ICOs, and I recommend you probably side step that market, unless you have actually got a special relationship, and you can get in on the pre-ICO, and then blow it out when it trades.

'Cause normally it'll crash 80% or two. Which's when we actually begin taking a look at the concept in more detail. So here are some fast and unclean things that you should look at, right? So, one is, are they resolving a problem that needs to be fixed? Among the huge drawbacks with very clever, technical individuals, is that they like to resolve issues that nobody cares about solving.

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Does the team have experience of executing in an effective way in another area of their life? And it doesn't even need to be directly associated to cryptocurrency, it doesn't have to be even straight associated to software, right? So, however I desire to see a track record of success in something, right? If it's four guys in a room that are just out of college, unless they have actually got some actually excellent advisors behind them, I'm most likely not going to provide any cash.

Yeah. I believe that in marketing in general, my world of organization, we continuously try to find issues and how we can solve them. Now, are the problems things that individuals are attempting to resolve a part of the Blockchain typically? Or would you say it's better if they're solving type of a mass problem? Something like FileCoin, or something else that would be more mass appeal? Or is it a mix of both? Well I'm basically searching for options that, so I'll give you an example.

And the factor that we bought it is because they discovered a method to make documents tamper-proof, and it's 99% less expensive than current innovation, right? So that's yeah, it's a no-brainer, right? Right. And then on top of that, the guy that started it has a performance history of producing computer system programs that entire states run their whole operations on, right? So you've got alright, the wise guy has developed substantial computer programs, great group, resolving a huge problem that is going to cut big costs.

I imply, it does not get any easier than that in terms of choosing who to put money behind. And a lot of this is typical sense, and a great deal of folks will attempt to make things more complex than it is. And I have a truly easy rule, Ryan. If I do not comprehend something, I put up my hand, and I say, "I didn't comprehend what you simply said." Mm-hmm (affirmative).

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