Ep. 85 - We Need to Define What is Cryptocurrency Now! w/ Hazem Al-Nakib

CRYPTO 101

Bryce Paul & Brendan Viehman

Business, Investing

4.6 • 821 Ratings

🗓️ 27 February 2018

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

*** this is not financial or legal advice*** Imagine calling all beverages alcohol? What would be the problems that would arise from that? With that in mind, why then do we call all digital assets cryptocurrency? In this episode with Hazem Al-Nakib, we try to define the different types of digital assets and understand the consequences that come with those classifications. Show Links: CRYPTO101podcast.com Patreon: www.patreon.com/user?u=8429526 Twitter: twitter.com/Crypto101Pod twitter.com/BrycePaul101 twitter.com/PizzaMind www.instagram.com/crypto_101 Facebook: https://www.facebook.com/groups/101Crypto/ https://www.facebook.com/CRYPTO101Podcast/ **THIS IS NOT FINANCIAL OR LEGAL ADVICE** © Copyright 2019 Boardwalk Flock, LLC All Rights Reserved Music https://www.youtube.com/watch?v=DTF8PQpo-2M Positive5 by PeriTune https://soundcloud.com/sei_peridot Creative Commons — Attribution 3.0 Unported — CC BY 3.0 http://creativecommons.org/licenses/b... Music promoted by Audio Library https://youtu.be/DTF8PQpo-2M Contact the artist: http://peritune.com/ https://www.facebook.com/seiperidot https://twitter.com/sei_foresta https://www.youtube.com/channel/UCgrQ... https://www.youtube.com/watch?v=gJSB0XkniiA Chasing The Light by Olivaw https://soundcloud.com/olivaw Creative Commons — Attribution 3.0 Unported— CC BY 3.0 http://creativecommons.org/licenses/b... Music promoted by Audio Library https://youtu.be/gJSB0XkniiA • Contact the artist: https://soundcloud.com/olivaw https://olivaw.bandcamp.com/ https://www.youtube.com/watch?v=Dcnw4RkOZcA Charms - 02 Train by Sergey Cheremisinov https://soundcloud.com/sergey-cheremi... Creative Commons — Attribution 3.0 Unported — CC BY 3.0 http://creativecommons.org/licenses/b... Music promoted by Audio Library https://youtu.be/Dcnw4RkOZcA • Contact the artist: [email protected] https://www.s-cheremisinov.com/ https://www.youtube.com/channel/UCwXH... http://freemusicarchive.org/music/Ser... https://sergeycheremisinov.bandcamp.c... https://soundcloud.com/sergey-cheremi... https://www.youtube.com/watch?v=3V1VwEKFe0g Cold Sun by Del https://soundcloud.com/del-sound Creative Commons — Attribution-ShareAlike 3.0 Unported — CC BY-SA 3.0 http://creativecommons.org/licenses/b... Music promoted by Audio Library https://youtu.be/3V1VwEKFe0g • Contact the artist: [email protected] https://delsound.bandcamp.com/ https://www.youtube.com/user/TheDelso... https://www.instagram.com/del_sound/ https://twitter.com/Del_Sound https://www.youtube.com/watch?v=emnDN1l0pzc Summer Spliffs by Broke For Free http://brokeforfree.bandcamp.com/ Creative Commons — Attribution 3.0 Unported — CC BY 3.0 https://creativecommons.org/licenses/... Music promoted by Audio Library https://youtu.be/emnDN1l0pzc • Contact the artist: http://brokeforfree.com/ https://www.facebook.com/brokeforfree/ https://www.instagram.com/tomcascino/ https://tomcascino.com/ Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

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0:00.0	Hi everyone. Just a reminder that this show is not legal advice, trading advice, financial advice, or personal advice. Enjoy the show and thank you very much.
0:09.7	This episode is sponsored by Health IQ, getting people lower rates on their health insurance by staying fit, and by mithril.io, a decentralized social media platform that rewards content creators.
0:36.8	Yo, yo, welcome to Crypto 101, the average consumer's guide to cryptocurrency.
0:41.1	This is Matthew Aaron, and I have a question for you.
0:43.5	What would happen to society, to law, to taxation if we called all beverages alcohol?
0:52.4	I would assume that you wouldn't know what your kid's going to the store
0:55.2	to buy. I would assume that the government wouldn't know how to tax certain beverages or
1:00.2	hard to explain why they're taxed and why they're not. I would assume that it might be hard for
1:05.3	your kid to buy a soda pop, a Gatorade, or an iced tea at the store without being a certain
1:09.7	age. Or it would just be very hard for people to come to the realization that some are different
1:16.9	than others.
1:18.7	So with that in mind, why are we calling everything on the blockchain cryptocurrency?
1:25.3	Today, our conversation with Hasim, the CIO ofio of humanique is going to touch on
1:30.5	just that why are we calling everything cryptocurrency first we're going to define what is
1:36.0	cryptocurrency what is crypto what is currency and then we're going to go into the
1:40.6	different use cases the different aspects and the different classifications of
1:46.8	these things that we call cryptocurrency. Because it's these classifications, these names that we
1:52.9	give it now that's going to help the blockchain space move forward with proper regulation,
1:59.5	proper legislation so we can utilize this new
2:03.9	technology in the best most efficient most fair way possible but before this
2:11.0	conversation please go to crypto 101 podcast.com that's crypto 101 podcast.com go to the
2:16.4	bottom of the page and find the social media icons and click on the one
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