teeka tiwari particl coin
teeka tiwari dirt
|
But frauds and small scams. And there's one thing that a scams constantly 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. Which woke something up for me.
And so I can't neglect that. I've got to go dig deeper." Therefore I began traveling all around the world. I began going to Bitcoin events; I started to talking with individuals that were smarter than me in this area. And what I realized is that Blockchain innovation and the implementation of Blockchain innovation by the Bitcoin network was transformational.
And that, Ryan, is, I can't overemphasize how massive that is! The ramifications of that, of having the ability to have data that we don't require to have it separately verified, it's cryptographically validated. That principle can ripple out throughout the whole greater economy. And when that cent dropped, I understood I had to dedicate all my professional resources into ending up being an expert in this area.
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 may not even fully understand validation process . undefined.
We were just speaking about how I'm leaving to go to China, to China. And heaven forbid it's over $10,000, and then all of an unexpected 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 understand about these procedures, so they do not possibly see what you're stating as this breakthrough, they don't see it in their everyday life? Or what do you think of that? I think that's real.
It's not as simple as shooting up a web browser and going to e-trade. com and pressing a buy button and buying it, right? You have actually got to go to an exchange, you've got to publish your identity documents, then you have actually got to wait to get confirmed, and then finally, you can go purchase some Bitcoin.
So, a lot of individuals find that too inconvenient, and that's why the individuals that are literally making the most amount of cash today in cryptocurrencies are the early adopters: people that are prepared to put in maybe the 20 minutes required to go through a procedure which just takes five minutes if you want to set up a brokerage account.
"Oh Teeka, we like your ideas, however gosh, establishing a crypto account is so hard." What I tell them is I state, "Look, when it's easy as going to your Fidelity account, Bitcoin will be $20,000 a coin," right? The whole cryptocurrency market will be 10x bigger. So you're in fact really getting paid a massive amount of money to go through maybe, you know, 20 minutes of a discomfort in the neck.
So you can't purchase Bitcoin yet through their trading platform, however it is simply a concern of time, Ryan, prior to you'll be able to purchase cryptocurrencies straight through your trading software application. And can you imagine what will happen to this entire marketplace when purchasing Bitcoin or any cryptocurrency is as simple as shooting up your e-trade, or fidelity tradings platform.
Right now you mentioned the procedure that individuals go through, and something I want to expose too that you didn't discuss, but I understand a lot of folks who have problem with this too, is oh, and by the way, you can just purchase $1,000 a week. Or you can just buy $500 a week.
As difficult as possible, best, like Coinbase. It 'd take me forever before I might begin purchasing in size on Coinbase. They resemble, well, we'll let you buy $500 a week, Teeka. I suggest, 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 suggest it would take 20 minutes to load a page.
Even when AOL came on board, and you 'd call AOL, and you 'd be on hold for 90 minutes. I mean, we remain in the early days of that innovation, however similar to during that period of time, for the folks that had the vision to see where the future was going, and then purchased in on some of these young companies, they made an absolute fortune.
Mm-hmm (affirmative). And let's take a step back for a 2nd, since I'm constantly curious to speak with people who are, particularly someone like yourself, who's committed the last, you know, the lion's share of the last couple of years to actually go both feet in on this. How do you describe cryptocurrency to like an average person? That's a fantastic concern.
They're 2 totally various things, however 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. Therefore what offers it worth 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, validating the deals on the Bitcoin network. And so if you take a look at that Bitcoin network, people continuously try to hack it. However since of the nature of the network, today it's been unhackable. And actually, with current technology, the Bitcoin network is so big today, you can't co-opt it, you can't take it over.
And so when people put, you have actually got individuals who have literally own billions of dollars worth of Bitcoin. And they're making that bet due to the fact that they're saying, "We don't rely on paper currency, you can print an unlimited amount of it. It's actually not protect, and the government can take it away from you." - Whereas with Bitcoin, best , go ahead.
Yeah. Or people that remained in Cypress, or simply individuals who have suffered through either run-away inflation, or there's a high need for, in Argentina for instance, high need for a black market of U.S. dollars. Correct. Are those countries that could potentially be a driver for more adoption, because they already don't think in their own currency? Yeah, and I think 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 do not require Bitcoin - Yeah. And so there's this whole burgeoning international demand for cryptocurrencies. So anyhow, that's one coin, cryptocurrencies, and there's a whole 'nother coin called utility coins. And energy coins are essentially utilized, let's say Ethereum, which a great deal of people understand about Ethereum. Ethereum is essentially an international computer system that you can write computer system programs for and run computer system programs on a globally decentralized computer system program.
So we think about something like Ether an energy token, because you're basically buying programming power. So I would not actually think about Ether a cryptocurrency, I would call them an utility coin. Okay. And there are other ones out there, to provide individuals a concept, like a really basic one that I would imagine you 'd called an utility token, resembles FileCoin.
Where the idea is that generally you're hosting files through a peer-based network, and there's kind of this exact same type of network impact that you have with Bitcoin, where it's like unstoppable kind of thing, since it's on so many various areas and. undefined. I don't 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, considering that we're taking a look at the bulk of these are most likely energy based, remedy? Mm-hmm (affirmative). Many of the coins that I recommend and take a look at are utility-based. We have a couple of cryptocurrencies, but I believe the genuine chance depends on the utility coin area.
There's all of these ICOs that were happening, those slowed down a little bit with some modifications to a couple of things that was going on, however people are going to come out of the woodwork and begin to create utility coins- Correct, yeah. And people need to understand that not all energy coins are produced equal.
So you have the advantage of dedicating your profession to this, so you can go out there and do the reconnaissance, you can fulfill the creators, you can check the code, and so on. But for an average person, there's now what, over 1,000 different types of coins offered, almost 1,200 I think. 'Cause usually it'll crash 80% or two - Does the group have experience of executing in a successful way in another area of their life? And it doesn't even need to be straight related to cryptocurrency, it does not have to be even straight associated to software, right? So, however I wish to see a performance history of success in something, right? If it's four guys in a space that are just out of college, unless they have actually got some truly good advisors behind them, I'm probably not going to provide them any cash.
Yeah. I think that in marketing in general, my world of service, we continuously search for problems and how we can solve them. Now, are the issues things that individuals are attempting to solve a part of the Blockchain generally? 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 offer you an example.
And the reason that we purchased it is since they found a method to make files tamper-proof, and it's 99% less expensive than current innovation, right? So that's yeah, it's a no-brainer, right? Right. And after that 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 have actually got alright, the clever man has actually developed big computer system programs, great group, fixing a huge issue that is going to cut substantial expenses.
I imply, it does not get any simpler than that in regards to deciding who to put cash behind. And a great deal of this is typical sense, and a lot of folks will try to make things more complicated than it is. And I have a really easy guideline, Ryan. If I do not comprehend something, I set up my hand, and I state, "I didn't understand what you simply stated." Mm-hmm (affirmative).