teeka tiwari contact info
teeka tiwari april 2
|
However frauds and small scams. And there's something that a fraud constantly does: it always goes to absolutely no. But Bitcoin didn't. Bitcoin still had a multi-billion dollar net worth, even after crashing, even after all the problem came out. The massive hack. Which woke something up for me.
Therefore I can't overlook that. I've got to go dig deeper." Therefore I started traveling all around the world. I began going to Bitcoin occasions; I began to talking with people that were smarter than me in this space. And what I recognized is that Blockchain technology and the execution 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 information that we don't need to have it separately confirmed, it's cryptographically validated. That concept can ripple out throughout the entire greater economy. And when that cent dropped, I understood I had to devote all my expert resources into ending up being a professional in this space.
And do you believe, I suggest you mentioned 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 completely understand recognition procedure . We were just discussing how I'm delegating go to China, to China. And paradise prohibited it's over $10,000, and after that suddenly there's other people getting notified about it, like the Internal Revenue Service and things like that. Do you think that the typical folks do not possibly understand about these processes, so they don't maybe 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 think that holds true.
It's not as easy as firing up a web browser and going to e-trade. com and pressing a buy button and purchasing it, right? You have actually got to go to an exchange, you've got to publish your identity documents, then you've got to wait to get validated, and after that lastly, you can go purchase some Bitcoin.
So, a lot of people find that too bothersome, and that's why the people that are literally making the most amount of money today in cryptocurrencies are the early adopters: people that want to put in perhaps the 20 minutes required to go through a procedure which just takes 5 minutes if you desire to set up a brokerage account.
"Oh Teeka, we like your ideas, but gosh, setting up a crypto account is so difficult." What I inform them is I state, "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 in fact truly making money an enormous amount of money to go through maybe, you know, 20 minutes of a discomfort in the neck.
So you can't buy Bitcoin yet through their trading platform, but it is simply a concern of time, Ryan, before you'll have the ability to buy cryptocurrencies directly through your trading software application. And can you imagine what will take place to this whole marketplace when buying Bitcoin or any cryptocurrency is as simple as shooting up your e-trade, or fidelity tradings platform.
Right now you discussed the procedure that individuals go through, and one thing I wish to expose too that you didn't mention, but I know a lot of folks who have a hard time with this too, is oh, and by the method, you can just buy $1,000 a week. Or you can just purchase $500 a week.
As difficult as possible, right, like Coinbase. It 'd take me permanently prior to I might begin buying in size on Coinbase. They resemble, well, we'll let you buy $500 a week, Teeka. I indicate, 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 indicate 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 remain in the early days of that innovation, however simply like during that time period, for the folks that had the vision to see where the future was going, and after that bought in on a few of these young companies, they made an outright fortune.
Mm-hmm (affirmative). And let's take an action back for a second, because I'm always curious to speak with individuals who are, specifically somebody like yourself, who's committed the last, you know, the lion's share of the last few years to really go both feet in on this. How do you explain cryptocurrency to like a typical person? That's a terrific question.
They're 2 absolutely various things, but they're both called cryptocurrencies. A cryptocurrency is a cryptographic token that is trying to be an option to cash. So Bitcoin would be a cryptocurrency. Therefore what offers it value is that it is, there's only going to be a minimal quantity. There'll never be more than 21 million Bitcoin.
There are billions of dollars worth of computers, confirming the deals on the Bitcoin network. And so if you take a look at that Bitcoin network, people continuously attempt to hack it. However because of the nature of the network, today it's been unhackable. And truly, with present 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 since they're stating, "We don't trust paper currency, you can print an unlimited amount of it. It's actually not protect, and the federal government can take it away from you." - Whereas with Bitcoin, ideal , go ahead.
Yeah. Or people that were in Cypress, or simply people who have actually suffered through either hyperinflation, or there's a high need for, in Argentina for instance, high need for a black market of U.S. dollars. Correct. Are those nations that could potentially be a driver for more adoption, because they currently do not believe in their own currency? Yeah, and I believe we have actually currently seen that.
So yes, and this is a thing that a great deal of American or Western investors have a hard time getting their head around. They resemble, "Well I don't need Bitcoin, I have money." Well yeah, you're right, you've got a steady currency, right? You don't require Bitcoin - Yeah. And so there's this entire growing global need for cryptocurrencies. So anyhow, that's one coin, cryptocurrencies, and there's a whole 'nother coin called utility coins. And energy coins are basically utilized, let's state Ethereum, which a lot of people understand about Ethereum. Ethereum is essentially a global computer that you can write computer programs for and run computer programs on a worldwide decentralized computer system program.
So we think about something like Ether an energy token, because you're essentially purchasing programming power. So I would not really think about Ether a cryptocurrency, I would call them an energy coin. Okay. And there are other ones out there, to provide individuals a concept, like a very basic one that I would picture you 'd called an utility token, is like FileCoin.
Where the idea is that basically you're hosting files through a peer-based network, and there's sort of this exact same type of network impact that you have with Bitcoin, where it resembles unstoppable kind of thing, due to the fact that it's on a lot of different areas and. And you type of discussed having this boots on the ground experience. Now, since we're taking a look at the bulk of these are most likely energy based, fix? Mm-hmm (affirmative). The majority of the coins that I suggest and take a look at are utility-based. We have a couple of cryptocurrencies, but I believe the real opportunity lies in the energy coin area.
There's all of these ICOs that were happening, those slowed down a little bit with some modifications to a few things that was going on, but individuals are going to come out of the woodwork and start to create utility coins- Correct, yeah. And individuals need to understand that not all utility coins are developed equivalent.
So you have the benefit of devoting your profession to this, so you can go out there and do the recon, you can satisfy the founders, you can inspect the code, and so on. But for an average individual, there's now what, over 1,000 different kinds of coins readily available, practically 1,200 I believe. 'Cause typically it'll crash 80% approximately - Does the team have experience of carrying out in an effective manner in another location of their life? And it doesn't even have to be directly associated to cryptocurrency, it does not need to be even straight associated to software, right? So, but I wish to see a track record of success in something, right? If it's 4 guys in a room that are simply out of college, unless they have actually got some really good advisors behind them, I'm most likely not going to provide any cash.
Yeah. I think that in marketing in general, my world of company, we continuously search for issues and how we can resolve them. Now, are the issues things that people are trying to fix a part of the Blockchain usually? Or would you state it's much better if they're fixing kind 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 generally searching for solutions that, so I'll provide you an example.
And the reason that we purchased it is since they discovered a method to make files tamper-proof, and it's 99% cheaper than current innovation, right? So that's yeah, it's a no-brainer, right? Right. And then on top of that, the man that started it has a performance history of creating computer programs that entire states run their entire operations on, right? So you've got okay, the wise person has constructed huge computer programs, excellent team, fixing an enormous issue that is going to cut substantial costs.
I imply, it does not get any simpler than that in terms of deciding who to put cash behind. And a great deal of this is common sense, and a lot of folks will attempt to make things more complicated than it is. And I have a really easy rule, Ryan. If I don't comprehend something, I installed my hand, and I say, "I didn't understand what you just said." Mm-hmm (affirmative).