However scams and small frauds. And there's something that a fraud constantly does: it constantly goes to absolutely no - teeka tiwari twitter. But Bitcoin didn't. Bitcoin still had a multi-billion dollar net worth, even after crashing, even after all the bad news came out. The massive hack. Which woke something up for me.
And so I can't neglect that. I've got to go dig deeper. teeka tiwari review." And so I began taking a trip all around the world. I began going to Bitcoin occasions; I started to speaking with people that were smarter than me in this space. And what I understood is that Blockchain innovation and the execution 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 do not require to have it independently confirmed, it's cryptographically verified. That principle can ripple out throughout the whole higher economy. And when that cent dropped, I knew I needed to commit all my professional resources into becoming an expert in this space.
And do you think, I imply you discussed something there about not needing 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 lot of folks may not even totally understand validation procedure [inaudible 00:04:11].
We were simply discussing how I'm delegating go to China, to China. And heaven prohibited it's over $10,000, and then suddenly there's other individuals getting notified about it, like the Internal Revenue Service and things like that. Do you believe that the typical folks don't possibly know about these procedures, so they do not possibly see what you're saying as this breakthrough, they don't see it in their everyday life? Or what do you think about that? I believe that's true.
It's not as simple as shooting up a web internet browser and going to e-trade. com and pushing a buy button and purchasing it, right? You've got to go to an exchange, you have actually got to submit your identity documents, then you have actually got to wait to get verified, and after that finally, you can go buy some Bitcoin.
So, a great deal of individuals discover that too troublesome, which's why the individuals that are literally making the most amount of money right now in cryptocurrencies are the early adopters: people that want to put in possibly the 20 minutes required to go through a procedure which simply takes five minutes if you wish to establish a brokerage account - teeka tiwari.
"Oh Teeka, we like your ideas, but gosh, establishing a crypto account is so challenging." What I inform them is I state, "Look, when it's easy as going to your Fidelity account, Bitcoin will be $20,000 a coin," right? The entire cryptocurrency market will be 10x bigger. So you're actually truly earning money a huge amount of cash to go through possibly, you know, 20 minutes of a discomfort in the neck (undefined). teeka tiwari review.
So you can't buy Bitcoin yet through their trading platform, however it is simply a concern of time, Ryan, prior to you'll be able to purchase cryptocurrencies directly through your trading software. And can you picture what will happen to this entire market when buying Bitcoin or any cryptocurrency is as simple as shooting up your e-trade, or fidelity tradings platform - glenn beck teeka tiwari - undefined.
Today you mentioned the procedure that individuals go through, and one thing I wish to bring to light too that you didn't point out, however I know a great deal of folks who have a hard time with this too, is oh, and by the way, you can just buy $1,000 a week. Or you can just buy $500 a week.
As hard as possible, best, 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 (teeka tiwari glenn beck). I imply, 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 pack 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're in the early days of that innovation, however similar to throughout that duration of time, for the folks that had the vision to see where the future was going, and after that purchased in on some of these young business, they made an outright fortune.
Mm-hmm (affirmative). And let's take a step back for a second, because I'm constantly curious to talk to individuals who are, specifically someone like yourself, who's committed the last, you understand, the lion's share of the last couple of years to truly go both feet in on this - teeka tiwari net worth. How do you describe cryptocurrency to like an average individual? That's a great question.
They're two absolutely different things, however they're both called cryptocurrencies. A cryptocurrency is a cryptographic token that is trying to be an alternative to cash. So Bitcoin would be a cryptocurrency. And so what gives it value is that it is, there's just going to be a minimal amount. There'll never ever be more than 21 million Bitcoin.
There are billions of dollars worth of computers, confirming the transactions on the Bitcoin network. Therefore if you look at that Bitcoin network, individuals continuously attempt to hack it. But since of the nature of the network, today it's been unhackable. And really, with present technology, the Bitcoin network is so big right now, you can't co-opt it, you can't take it over (undefined).
And so when individuals put, you have actually got people who have actually own billions of dollars worth of Bitcoin. And they're making that bet since they're stating, "We do not trust paper currency, you can print an unrestricted amount of it. It's really not secure, and the federal government can take it away from you." [crosstalk 00:10:15] - Whereas with Bitcoin, best [crosstalk 00:10:16], proceed.
Yeah (teeka tiwari glenn beck). Or individuals that were in Cypress, or simply people who have suffered through either run-away inflation, or there's a high demand for, in Argentina for example, high demand for a black market of U.S. dollars. Correct. Are those countries that could potentially be a driver for more adoption, since they already do not think in their own currency? Yeah, and I think we've already seen that.
So yes, and this is a thing that a lot of American or Western financiers have a difficult time getting their head around. teeka tiwari 5 coins. They resemble, "Well I do not require Bitcoin, I have money." Well yeah, you're right, you've got a stable currency, right? You don't need Bitcoin. But there are billions of people worldwide that don't have steady currencies.
Yeah. Therefore there's this entire blossoming global demand for cryptocurrencies. So anyway, that's one coin, cryptocurrencies, and there's a whole 'nother coin called energy coins - teeka tiwari net worth. And energy coins are generally utilized, let's say Ethereum, which a lot of individuals understand about Ethereum. Ethereum is essentially an international computer that you can write computer system 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 basically buying shows power. So I wouldn't really think about Ether a cryptocurrency, I would call them an energy coin. Okay. glenn beck teeka tiwari. And there are other ones out there, to offer people an idea, like a really simple one that I would picture 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 type of this very same type of network impact that you have with Bitcoin, where it's like unstoppable example, since it's on a lot of various locations and. I don't understand the ins and outs of it, however as an example for somebody who might just be extremely fundamental in their understanding of this, there are a lot of various kinds of utilities that are readily available.
And you type of pointed out having this boots on the ground experience. Now, because we're looking at the bulk of these are probably energy based, fix? 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 think the real opportunity depends on the utility coin area.
There's all of these ICOs that were occurring, those slowed down 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 begin to create utility coins- Correct, yeah. And individuals require to comprehend that not all utility coins are produced equivalent - teeka tiwari 5 coins.
So you have the benefit of devoting your profession to this, so you can go out there and do the recon, you can meet the founders, you can inspect the code, etc. But for an average individual, there's now what, over 1,000 various types of coins offered, almost 1,200 I believe. 'Cause usually it'll crash 80% approximately. Which's when we actually start looking at the concept in more information. So here are some fast and unclean things that you should take a look at, right? So, one is, are they fixing an issue that requires to be fixed? Among the big disadvantages with really smart, technical people, is that they like to solve issues that no one appreciates fixing. teeka tiwari glenn beck.
Does the group have experience of carrying out in a successful way in another location of their life? And it does not even have to be straight associated to cryptocurrency, it does not need to be even directly associated to software, right? So, but I desire to see a track record of success in something, right? If it's four men in a space that are just out of college, unless they've got some actually great consultants behind them, I'm probably not going to provide any cash - teeka tiwari palm beach.
Yeah. I believe that in marketing in basic, my world of service, we constantly try to find issues and how we can resolve them. Now, are the issues things that individuals are trying to resolve a part of the Blockchain typically? Or would you say 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 basically searching for solutions that, so I'll provide you an example - teeka tiwari 5 coins. undefined.
And the factor that we bought it is due to the fact that they discovered a method to make documents tamper-proof, and it's 99% more affordable than existing innovation, right? So that's yeah, it's a no-brainer, right? Right. And after that on top of that, the guy that began 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 smart man has actually developed huge computer system programs, fantastic team, solving a huge issue that is going to cut big expenses.
I suggest, it doesn't get any simpler than that in terms of choosing who to put money behind. And a lot of this prevails sense, and a lot of folks will attempt to make things more complex than it is. And I have a really simple guideline, Ryan. If I do not comprehend something, I set up my hand, and I state, "I didn't comprehend what you simply said." Mm-hmm (affirmative).