However frauds and little frauds. And there's one thing that a fraud constantly does: it always goes to absolutely no - teeka tiwari wikipedia. However 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 have actually got to go dig much deeper. teeka tiwari palm beach." Therefore I started traveling all around the world. I started going to Bitcoin occasions; I began to talking to individuals that were smarter than me in this area. And what I recognized is that Blockchain innovation and the application of Blockchain technology by the Bitcoin network was transformational.
Which, Ryan, is, I can't overemphasize how huge that is! The ramifications of that, of being able to have data that we don't require to have it individually confirmed, it's cryptographically confirmed. That concept can ripple out throughout the entire higher economy. And when that cent dropped, I knew I needed to commit all my expert resources into becoming a specialist in this space.
And do you believe, I suggest you mentioned 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 might not even completely comprehend recognition process [inaudible 00:04:11].
We were simply speaking about how I'm delegating 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 Internal Revenue Service and things like that. Do you believe that the typical folks don't possibly learn about these processes, so they do not perhaps see what you're saying as this breakthrough, they do not see it in their everyday life? Or what do you consider that? I think that holds true.
It's not as simple as firing up a web browser and going to e-trade. com and pushing a buy button and buying it, right? You have actually got to go to an exchange, you have actually got to upload your identity documents, then you have actually got to wait to get confirmed, and then finally, you can go purchase some Bitcoin.
So, a great deal of individuals find that too inconvenient, and that's why the people that are literally making the most amount of cash today in cryptocurrencies are the early adopters: people that want to put in possibly the 20 minutes required to go through a procedure which just takes 5 minutes if you wish to set up a brokerage account - glenn beck teeka tiwari.
"Oh Teeka, we enjoy your ideas, however gosh, establishing a crypto account is so hard." What I inform them is I say, "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 larger. So you're in fact truly earning money a massive amount of cash to go through possibly, you know, 20 minutes of a pain in the neck (undefined). teeka tiwari wikipedia.
So you can't buy Bitcoin yet through their trading platform, however it is just a question of time, Ryan, prior to you'll have the ability to buy cryptocurrencies directly through your trading software. And can you imagine what will take place to this entire marketplace when buying Bitcoin or any cryptocurrency is as simple as shooting up your e-trade, or fidelity tradings platform - teeka tiwari - undefined.
Right now you pointed out the process that individuals go through, and something I wish to bring to light too that you didn't mention, but I understand a lot of folks who deal with this too, is oh, and by the method, you can just purchase $1,000 a week. Or you can just purchase $500 a week.
As difficult as possible, right, like Coinbase. It 'd take me forever before I might start purchasing in size on Coinbase. They resemble, well, we'll let you purchase $500 a week, Teeka (teeka tiwari reviews). I indicate, it's if you keep in mind the early days of the Internet, 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're in the early days of that innovation, but simply like 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 absolute fortune.
Mm-hmm (affirmative). And let's take an action back for a 2nd, since I'm always curious to speak to individuals who are, especially somebody like yourself, who's committed the last, you understand, the better part of the last couple of years to actually go both feet in on this - teeka tiwari glenn beck. How do you describe cryptocurrency to like a typical individual? That's a great 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 money. So Bitcoin would be a cryptocurrency. And so what offers it value is that it is, there's just going to be a minimal quantity. There'll never ever be more than 21 million Bitcoin.
There are billions of dollars worth of computers, confirming the deals on the Bitcoin network. Therefore if you look at that Bitcoin network, people constantly attempt to hack it. But because of the nature of the network, today it's been unhackable. And truly, with present technology, the Bitcoin network is so huge right now, you can't co-opt it, you can't take it over (undefined).
And so when people put, you've got people 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 money, you can print an unlimited amount of it. It's truly not protect, and the government can take it far from you." [crosstalk 00:10:15] - Whereas with Bitcoin, ideal [crosstalk 00:10:16], go ahead.
Yeah (glenn beck teeka tiwari). Or people that were in Cypress, or just individuals who have 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 countries that could possibly be a driver for more adoption, because they currently do not believe 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 financiers have a difficult time getting their head around. teeka tiwari reviews. They're like, "Well I do not need Bitcoin, I have money." Well yeah, you're right, you've got a steady currency, right? You don't need Bitcoin. However there are billions of individuals worldwide that do not have stable currencies.
Yeah. And so there's this whole burgeoning international need for cryptocurrencies. So anyhow, that's one coin, cryptocurrencies, and there's an entire 'nother coin called energy coins - teeka tiwari net worth. And energy coins are essentially used, let's say Ethereum, which a lot of individuals know about Ethereum. Ethereum is essentially a worldwide computer that you can write computer system programs for and run computer system programs on an internationally decentralized computer system program.
So we consider something like Ether an utility token, since you're basically buying programs power. So I would not actually consider Ether a cryptocurrency, I would call them an energy coin. Okay. teeka tiwari net worth. And there are other ones out there, to provide individuals an idea, like a very 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 sort of this exact same kind of network result that you have with Bitcoin, where it's like unstoppable kind of thing, because it's on numerous different areas and. I do not understand the ins and outs of it, however as an example for someone who may simply be very basic in their understanding of this, there are a lot of different types of utilities that are readily available.
And you sort of mentioned having this boots on the ground experience. Now, because we're looking at the bulk of these are probably utility based, correct? Mm-hmm (affirmative). The majority of the coins that I suggest and look at are utility-based. We have a couple of cryptocurrencies, but I think the real opportunity depends on the energy coin area.
There's all of these ICOs that were happening, those decreased a little bit with some modifications to a couple of things that was going on, however individuals are going to come out of the woodwork and begin to develop utility coins- Correct, yeah. And individuals need to understand that not all utility coins are developed equal - glenn beck teeka tiwari.
So you have the advantage of dedicating your occupation to this, so you can go out there and do the recon, you can meet the creators, you can check the code, etc. However for an average person, there's now what, over 1,000 various types of coins offered, practically 1,200 I believe. 'Cause generally it'll crash 80% or two. And that's when we really start looking at the idea in more information. So here are some quick and unclean things that you should look at, right? So, one is, are they fixing an issue that needs to be fixed? One of the huge disadvantages with extremely smart, technical individuals, is that they like to fix issues that nobody cares about fixing. teeka tiwari glenn beck.
Does the group have experience of carrying out in a successful manner 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 related to software, right? So, however I desire to see a performance history of success in something, right? If it's four people in a space that are simply out of college, unless they've got some actually excellent consultants behind them, I'm probably not going to provide any money - glenn beck teeka tiwari.
Yeah. I believe that in marketing in general, my world of organization, we continuously look for problems and how we can resolve them. Now, are the issues things that individuals are trying to solve a part of the Blockchain generally? Or would you say it's much better if they're solving type of a mass problem? Something like FileCoin, or something else that would be more mass appeal? Or is it a mix of both? Well I'm generally looking for options that, so I'll give you an example - teeka tiwari glenn beck. undefined.
And the factor that we purchased it is due to the fact that they found a way to make documents 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 man that started it has a performance history of developing computer system programs that entire states run their entire operations on, right? So you have actually got fine, the wise man has constructed big computer system programs, fantastic team, fixing an enormous issue that is going to cut huge costs.
I mean, it does not get any easier than that in regards to deciding who to put cash behind. And a great deal of this is common sense, and a great deal of folks will try to make things more complex 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 simply said." Mm-hmm (affirmative).