teeka tiwari pbo
teeka tiwari new pics
|
But scams and little scams. And there's something that a scams always does: it constantly goes to absolutely no. However Bitcoin didn't. Bitcoin still had a multi-billion dollar net worth, even after crashing, even after all the bad news came out. The huge hack. And that woke something up for me.
Therefore I can't ignore that. I have actually got to go dig much deeper." And so I started traveling all around the world. I started going to Bitcoin occasions; I started to talking to people that were smarter than me in this area. And what I recognized is that Blockchain technology and the implementation of Blockchain technology by the Bitcoin network was transformational.
Which, Ryan, is, I can't overemphasize how enormous that is! The implications of that, of having the ability to have data that we do not need to have it independently verified, it's cryptographically validated. That principle can ripple out throughout the entire higher economy. And when that penny dropped, I understood I needed to commit all my expert resources into becoming an expert in this area.
And do you think, I indicate you discussed something there about not having to get a third-party, or intermediary to validate something. Do you feel that part of the factor that this isn't getting as much mass adoption is that a great deal of folks might not even totally comprehend validation procedure . We were simply talking about how I'm leaving to go to China, to China. And heaven forbid it's over $10,000, and then suddenly there's other individuals getting informed about it, like the IRS and things like that. Do you believe that the typical folks don't maybe learn about these processes, so they don't maybe see what you're saying as this advancement, they do not see it in their everyday life? Or what do you consider that? I think that's real.
It's not as easy as firing up a web 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 publish your identity files, then you've got to wait to get confirmed, and then lastly, you can go buy some Bitcoin.
So, a lot of individuals discover that too inconvenient, which's why individuals that are literally making the most amount of cash right now in cryptocurrencies are the early adopters: individuals that are prepared to put in possibly the 20 minutes needed to go through a process which simply takes 5 minutes if you wish to establish a brokerage account.
"Oh Teeka, we like your ideas, however gosh, setting up a crypto account is so challenging." What I tell them is I say, "Look, when it's simple as going to your Fidelity account, Bitcoin will be $20,000 a coin," right? The whole cryptocurrency market will be 10x larger. So you're actually really getting paid an enormous quantity of cash to go through possibly, you understand, 20 minutes of a discomfort in the neck.
So you can't purchase Bitcoin yet through their trading platform, but it is just a question of time, Ryan, before you'll be able to buy cryptocurrencies straight through your trading software. And can you imagine what will happen to this whole market when buying Bitcoin or any cryptocurrency is as simple as firing up your e-trade, or fidelity tradings platform.
Today you pointed out the procedure that people go through, and one thing I wish to expose too that you didn't point out, but I understand a great deal of folks who fight with this too, is oh, and by the method, you can just buy $1,000 a week. Or you can only purchase $500 a week.
As hard as possible, right, like Coinbase. It 'd take me permanently prior to I could start purchasing in size on Coinbase. They're like, well, we'll let you buy $500 a week, Teeka. I mean, it's if you remember the early days of the Internet, when we were getting on the Web, we were doing it with 56k modems, right? I mean it would take 20 minutes to fill a page.
Even when AOL came on board, and you 'd call AOL, and you 'd be on hold for 90 minutes. I indicate, we're in the early days of that innovation, but similar to during that time period, for the folks that had the vision to see where the future was going, and after that purchased in on some of these young companies, they made an absolute fortune.
Mm-hmm (affirmative). And let's take an action back for a second, since I'm constantly curious to talk to individuals who are, particularly somebody like yourself, who's committed the last, you understand, the bulk of the last couple of years to really go both feet in on this. How do you explain cryptocurrency to like an average person? That's an excellent concern.
They're 2 completely various things, however they're both called cryptocurrencies. A cryptocurrency is a cryptographic token that is attempting to be an alternative to cash. So Bitcoin would be a cryptocurrency. Therefore what gives it value is that it is, there's only going to be a minimal amount. There'll never ever be more than 21 million Bitcoin.
There are billions of dollars worth of computer systems, verifying the deals on the Bitcoin network. And so if you look at that Bitcoin network, individuals constantly try to hack it. However due to the fact that of the nature of the network, today it's been unhackable. And really, with current innovation, the Bitcoin network is so big right now, you can't co-opt it, you can't take it over.
Therefore when individuals put, you have actually got people who have literally own billions of dollars worth of Bitcoin. And they're making that bet because they're saying, "We do not rely on paper currency, you can print a limitless quantity of it. It's truly not secure, and the government can take it far from you." - Whereas with Bitcoin, best , proceed.
Yeah. Or people that remained in Cypress, or just people who have actually suffered through either run-away inflation, 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 driver for more adoption, due to the fact that they already don't think 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 difficult time getting their head around. They resemble, "Well I don't require Bitcoin, I have cash." Well yeah, you're right, you've got a steady currency, right? You don't require Bitcoin - Yeah. And so there's this entire burgeoning international demand for cryptocurrencies. So anyway, that's one coin, cryptocurrencies, and there's an entire 'nother coin called utility coins. And energy coins are essentially used, let's state Ethereum, which a lot of people learn about Ethereum. Ethereum is essentially a global computer that you can compose computer system programs for and run computer programs on a worldwide decentralized computer program.
So we consider something like Ether an energy token, due to the fact that you're essentially buying shows power. So I would not truly think about Ether a cryptocurrency, I would call them an utility coin. Okay. And there are other ones out there, to give individuals an idea, like a really simple one that I would imagine you 'd called an energy token, resembles FileCoin.
Where the concept is that essentially you're hosting files through a peer-based network, and there's kind of this same type of network result that you have with Bitcoin, where it's like unstoppable kind of thing, since it's on many different locations and. And you sort of pointed out having this boots on the ground experience. Now, because we're looking at the bulk of these are most likely energy based, fix? Mm-hmm (affirmative). The majority of the coins that I suggest and look at are utility-based. We have a few cryptocurrencies, but I believe the real opportunity lies in the utility coin area.
There's all of these ICOs that were happening, those decreased a little bit with some changes 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 require to understand that not all energy coins are created equal.
So you have the benefit of devoting your occupation to this, so you can go out there and do the reconnaissance, you can satisfy the founders, you can check the code, and so on. But for a typical person, there's now what, over 1,000 various types of coins readily available, nearly 1,200 I believe. 'Cause normally it'll crash 80% or so - Does the group have experience of carrying out in an effective way in another location of their life? And it doesn't even need to be straight related to cryptocurrency, it does not need to be even directly related to software, right? So, however I wish to see a performance history of success in something, right? If it's 4 men in a room that are just out of college, unless they have actually got some truly good consultants behind them, I'm most likely not going to give them any money.
Yeah. I think that in marketing in general, my world of organization, we constantly try to find issues and how we can fix them. Now, are the problems things that people are trying to resolve a part of the Blockchain typically? Or would you state it's better if they're fixing type of a mass issue? 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 factor that we bought it is since they discovered a way to make documents tamper-proof, and it's 99% less expensive than present technology, 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 developing computer programs that entire states run their entire operations on, right? So you've got fine, the wise person has actually built substantial computer programs, fantastic team, fixing a massive issue that is going to cut substantial expenses.
I imply, it does not get any simpler than that in terms of choosing who to put money behind. And a great deal of this is typical sense, and a lot of folks will try 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 understand what you simply stated." Mm-hmm (affirmative).