cryptocurrency conspiracy of 2018 by teeka tiwari and glenn beck
did teeka tiwari really give away free bitcoin
|
However frauds and little scams. And there's something that a fraud always does: it always goes to zero. But Bitcoin didn't. Bitcoin still had a multi-billion dollar net worth, even after crashing, even after all the problem came out. The enormous hack. And that woke something up for me.
Therefore I can't overlook that. I've got to go dig much deeper." Therefore I started taking a trip all around the world. I began going to Bitcoin events; I began to speaking with people that were smarter than me in this space. And what I understood is that Blockchain technology and the application of Blockchain innovation by the Bitcoin network was transformational.
Which, Ryan, is, I can't overemphasize how enormous that is! The ramifications of that, of having the ability to have data that we do not need to have it independently verified, it's cryptographically validated. That idea can ripple out throughout the whole higher economy. And when that penny dropped, I understood I needed to dedicate all my expert resources into ending up being an expert in this area.
And do you believe, I suggest you pointed out something there about not having to get a third-party, or intermediary to verify something. Do you feel that part of the reason that this isn't getting as much mass adoption is that a lot of folks may not even completely comprehend validation process . We were just talking about how I'm leaving to go to China, to China. And heaven forbid it's over $10,000, and after that all of an unexpected there's other individuals getting notified about it, like the IRS and things like that. Do you believe that the average folks do not maybe understand about these processes, so they do not possibly see what you're saying as this advancement, they don't see it in their daily life? Or what do you think of that? I believe that holds true.
It's not as easy as shooting up a web internet browser and going to e-trade. com and pushing a buy button and buying it, right? You've got to go to an exchange, you've got to upload your identity files, then you've got to wait to get confirmed, and then finally, you can go buy some Bitcoin.
So, a lot of people discover that too troublesome, which's why the individuals that are literally making the most amount of money today in cryptocurrencies are the early adopters: individuals that are prepared to put in maybe the 20 minutes needed to go through a process which simply takes 5 minutes if you wish to set up a brokerage account.
"Oh Teeka, we enjoy your ideas, but gosh, setting up a crypto account is so challenging." What I tell them is I state, "Look, when it's simple as going to your Fidelity account, Bitcoin will be $20,000 a coin," right? The entire cryptocurrency market will be 10x larger. So you're in fact really making money an enormous amount of money to go through perhaps, you understand, 20 minutes of a headache.
So you can't buy Bitcoin yet through their trading platform, however it is just a concern of time, Ryan, prior to you'll have the ability to buy cryptocurrencies directly through your trading software. And can you envision what will occur to this entire market when purchasing Bitcoin or any cryptocurrency is as simple as firing up your e-trade, or fidelity tradings platform.
Right now you discussed the process that people go through, and something I want to expose too that you didn't discuss, but I know a lot of folks who have problem with this too, is oh, and by the method, you can only purchase $1,000 a week. Or you can only purchase $500 a week.
As hard as possible, right, like Coinbase. It 'd take me permanently before I could begin purchasing in size on Coinbase. They're like, well, we'll let you buy $500 a week, Teeka. I mean, it's if you keep in mind the early days of the Web, when we were getting on the Web, we were doing it with 56k modems, right? I imply it would take 20 minutes to pack a page.
Even when AOL came on board, and you 'd call AOL, and you 'd be on hold for 90 minutes. I imply, we're in the early days of that innovation, however simply like during that amount of time, for the folks that had the vision to see where the future was going, and then bought in on some of these young companies, they made an absolute fortune.
Mm-hmm (affirmative). And let's take an action back for a 2nd, due to the fact that I'm always curious to talk with people who are, particularly somebody like yourself, who's committed the last, you understand, the lion's share of the last couple of years to actually go both feet in on this. How do you explain cryptocurrency to like an average individual? That's a great question.
They're two absolutely different things, however they're both called cryptocurrencies. A cryptocurrency is a cryptographic token that is trying to be an alternative to cash. So Bitcoin would be a cryptocurrency. And so what gives it worth is that it is, there's just going to be a restricted quantity. There'll never ever be more than 21 million Bitcoin.
There are billions of dollars worth of computer systems, confirming the deals on the Bitcoin network. And so if you look at that Bitcoin network, individuals constantly try to hack it. However since of the nature of the network, today it's been unhackable. And truly, with present innovation, the Bitcoin network is so huge right now, you can't co-opt it, you can't take it over.
And so when individuals put, you have actually got people who have actually own billions of dollars worth of Bitcoin. And they're making that bet because they're stating, "We do not rely on paper cash, you can print an unrestricted quantity of it. It's really not protect, and the government can take it far from you." - Whereas with Bitcoin, best , go on.
Yeah. Or individuals that were in Cypress, or just people who have suffered through either devaluation, or there's a high need for, in Argentina for instance, high demand for a black market of U.S. dollars. Correct. Are those nations that could potentially be a catalyst for more adoption, because they already do not believe in their own currency? Yeah, and I believe we've currently seen that.
So yes, and this is a thing that a lot of American or Western investors have a bumpy ride getting their head around. They're like, "Well I don't need Bitcoin, I have money." Well yeah, you're right, you've got a stable currency, right? You don't require Bitcoin - Yeah. And so there's this whole blossoming worldwide demand for cryptocurrencies. So anyhow, that's one coin, cryptocurrencies, and there's an entire 'nother coin called energy coins. And energy coins are generally used, let's state Ethereum, which a great deal of people understand about Ethereum. Ethereum is basically a worldwide computer system that you can write computer programs for and run computer system programs on an internationally decentralized computer program.
So we think about something like Ether an energy token, due to the fact that you're essentially purchasing programming power. So I would not truly consider Ether a cryptocurrency, I would call them an energy coin. Okay. And there are other ones out there, to offer individuals an idea, like a really simple one that I would envision you 'd called an utility token, resembles FileCoin.
Where the idea is that basically you're hosting files through a peer-based network, and there's kind of this exact same kind of network impact that you have with Bitcoin, where it's like unstoppable example, since it's on a lot of various locations and. And you type of discussed having this boots on the ground experience. Now, because we're looking at the bulk of these are probably energy based, correct? Mm-hmm (affirmative). The majority of the coins that I suggest and take a look at are utility-based. We have a few cryptocurrencies, but I think the real chance lies in the utility coin area.
There's all of these ICOs that were happening, those slowed down a bit with some modifications to a couple of things that was going on, however people are going to come out of the woodwork and start to develop utility coins- Correct, yeah. And people need to understand that not all energy coins are produced equivalent.
So you have the advantage of committing your profession to this, so you can head out there and do the reconnaissance, you can meet the founders, you can check the code, and so on. However for an average individual, there's now what, over 1,000 various types of coins readily available, practically 1,200 I believe. 'Cause typically it'll crash 80% or so - Does the team have experience of carrying out in an effective manner in another area of their life? And it does not even have to be directly associated to cryptocurrency, it does not have to be even straight related to software, right? So, but I wish to see a performance history of success in something, right? If it's 4 guys in a room that are just out of college, unless they have actually got some actually great consultants behind them, I'm probably not going to offer them any money.
Yeah. I think that in marketing in basic, my world of service, we continuously look for issues and how we can resolve them. Now, are the problems things that people are trying to fix a part of the Blockchain generally? Or would you state it's much better if they're resolving kind 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 essentially searching for solutions that, so I'll provide you an example.
And the reason that we bought it is due to the fact that they found a method to make files tamper-proof, and it's 99% less expensive than present innovation, right? So that's yeah, it's a no-brainer, right? Right. And after that on top of that, the person that began it has a performance history of developing computer programs that entire states run their entire operations on, right? So you've got okay, the smart person has actually constructed huge computer programs, great team, solving an enormous issue that is going to cut big costs.
I indicate, it doesn't get any easier than that in regards to choosing who to put money behind. And a great deal of this prevails sense, and a great deal of folks will attempt to make things more complex than it is. And I have a truly basic rule, Ryan. If I do not understand something, I installed my hand, and I say, "I didn't understand what you just said." Mm-hmm (affirmative).