Bitcoin, Blockchain and Cryptocurrency: Everything You Need to Know - 151

Your Money, Your Wealth

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2.3 • 681 Ratings

🗓️ 28 January 2018

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

Cryptocurrency expert and controversial crypto-celeb Amanda B. Johnson answers the most common altcoin questions: what is digital currency? What’s a blockchain? Is Bitcoin safe? Why is Bitcoin so volatile? Should I own any cryptocurrency? Can cryptocurrency actually prevent "secret inflation"? Plus, how trading Bitcoin could ruin your mental health and 9 strategies to retire this year so you’ll have time to ponder whether or not you’ve "made it" in America - and what the heck is BillyRock?

Transcript

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0:00.0	No one knows how many dollars are in existence today.
0:03.5	And so actually, the whole point of the blockchain technology is for there to be a way where
0:10.8	scarce units, which are transferable, can be known down to the last token, the very last unit,
0:19.1	exactly how many there are.
0:22.5	Because if you can know that,
0:28.2	what does that prevent? Secret inflation, unknowable inflation, you know, like quantitative easing to the thousand, we don't know how many dollars there are, it makes that not possible.
0:32.9	That's digital currency expert and controversial crypto-celeb Amanda B. Johnson. Today on Your Money,
0:38.9	your wealth, she answers the question so many of us are asking, what are cryptocurrencies? What's
0:43.9	a blockchain? Is Bitcoin safe? Why is Bitcoin so volatile? Should I own any cryptocurrency? Can
0:49.5	cryptocurrency actually prevent secret inflation? Plus, how trading Bitcoin could ruin your mental health and nine strategies to retire this
0:57.5	year, so you'll have time to ponder whether or not you've made it in America.
1:01.7	And what the heck is Billy Rock?
1:03.6	Let's find out today on Your Money, Your Wealth.
1:06.2	Here are Joe Anderson CFP and Big Al Clopine CPA.
1:10.2	I have an interesting show.
1:12.0	The big rave around town is cryptocurrencies.
1:16.5	Well, it is show.
1:17.7	And it's like it's kind of, what would you say?
1:20.1	Probably the Wild West right now.
1:21.4	It's in the early days.
1:22.5	You've heard of Bitcoin and it turns out there's many currencies, not just Bitcoin.
1:27.0	Well, you know what I'm finding out is that Bitcoin is like Kleenex.
	...

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