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Sign up for my new Bitcoin Cryptocurrency Mastermind Here “Cryptocurrency will democratize the global financial system in a way where every human being will have equal access to money.” - Brock Pierce
On today’s episode of The Tai Lopez Show, we have cryptocurrency-expert, Brock Pierce. Brock is the Chairman of the Bitcoin Foundation, Cofounder of Blockchain Capital, and has been in the digital currency game for the past 20 years. From articulating what cryptocurrency is to why getting involved now could lead to a huge cash payout for you one day, Brock’s understanding of everything cryptocurrency-related is just what we need to make sense of these Bitcoin headlines dominating our news feeds.
Those who don’t believe in the power of cryptocurrency don’t fully understand what it is.
And that’s not their fault. Cryptocurrency is a challenging concept for any person to wrap his/her head around. To understand it requires undoing the hardwiring in our brains. We’ve all lived our lives with one definition of money: the paper the government prints that we earn to then use to buy the things we need.
But now, we’re hearing about this new type of money where the government or paper isn’t involved. Instead, it’s computer code and a peer-to-peer review system, so unlike it’s paper-cousin it is impossible to be corrupted and all human beings will have equal access to it. But still, what does that really mean?
Don’t forget, you can listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!
“My superpower is distilling complex ideas into words that are easy for people to understand. I make my objective to be able to teach a child.” - Brock Pierce(click to tweet)
Points to Keep In Mind Bitcoin works on a blockchain technology - which is a decentralized and distributed digital ledger, used to record transactions across many computers. This makes it so that the record cannot be altered retroactively. If cryptocurrency reinvents money, then ‘money is power’ will shift to ‘technology is power’ or ‘consciousness is power.’ Cryptocurrency is a bubble but so is everything else Currently in an emotional market, sentiment is the driving force of prices The blockchain will bring security to Data Transport Protocol Read the Innovator’s Dilemma to learn how the incumbent gets disrupted by the startup If buying your first coins, use exchanges (these are your on/off-ramps into this world) Good exchanges are: Coinbase, Gemini, Kraken, or Once you have procured coin, move it to both a virtual wallet and a physical (hardware) wallet For virtual, think about desktop/mobile needs for security purposes For bitcoin - Bitcoin Red, Airbitz Jaxx Other options: MyEtherWallet and Exodus, Bitgo for large amounts of money For physical wallets, have a backup placed in another location Options: Trezor and Ledger Download Google 2-factor authentication (NEVER use SMS authentication) If looking to get into cryptocurrency, first go with the bigger, more well-known coins before investing in smaller, less well-known options Sign up for my new Bitcoin Cryptocurrency Mastermind Here
