“The promise of a decentralized world is how can we have the same benefits we are used to getting from centralized entities, but in a decentralized way where the power remains in the people.” - Nick Spanos (click to tweet)
This past week Bitcoin dropped below $10,000.
What do we make of this news? Is it time to panic or is this just the market testing the validity of cryptocurrency again? Regardless of your opinion, the undeniable truth is that non-technical crypto investors are unable to analyze the fundamentals due to lack of relevant information.
That is why on today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are taking a moment to recap the highlights from this week. From Shawn Owen’s explanation of his token SALT to Reeve Collins sharing his vision for BLOCKv, this week had many different crypto perspectives coming to the table. Tune in today to add a new lens to your current perspective.
And don’t forget! You can also listen to The Bitcoin Crypto Mentor Mastermind Show on Spotify! Click “Follow” and let me know what you think!
“EOS is what’s going to bring around the infrastructure of Blockchain 3.0, the instant and free transactions.” - Reeve Collins (click to tweet)
Points to Keep In Mind
- Monero is the most well-established privacy coin
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- Less market volatility
- Well-established development team
- Siacoin competes with enterprise storage solutions
- RaiBlocks (XRB) has more transactions in the long-run than Ripple (XRP)
- Verge’s Wraith Protocol doesn’t address a public need
- Bitcoin Cash tends to perform worse when Bitcoin goes up
- Tether was the first fiat currency platform on the Bitcoin blockchain
- BLOCKv expands on the typical use-cases of blockchain technology
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- An example of this is brand advertising
- Ethereum is programmable digital currency, a blockchain 2.0
- Think of BLOCKv as having the power to turn the toys in Happy Meals into digital, unique goods
- zap.org brings real-world data into the blockchain
- Centralized information organizes the world but corrupts by putting too much power in the hands of the decision-makers
- Monero is a privacy cryptocurrency that protects you from others seeing your balance
- Recent study showed that if you make a PayPal payment, your information goes to 600 people
- The NSA gets everything you’re doing
- When you pay someone with Bitcoin, they can see what your Bitcoin balance is
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- This is great for crypto criminals
- Dangers with non-technical people seeking SEO-driven advice
- Need to wrap your head around crypto before investing
- When beginning out, either buy Bitcoin and/or Ethereum
- Use Coinbase as your exchange to buy/sell
- SALT allows you to borrow leverage against your crypto assets
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- There’s a tax advantage to this method
- SALT is a store-of-value, similar to an Amazon gift card
- Right now, there is $1 billion requested in SALT Lendings