Ep. 85 - We Need to Define What is Cryptocurrency Now! w/ Hazem Al-Nakib
CRYPTO 101
Bryce Paul & Brendan Viehman
4.3 • 841 Ratings
🗓️ 27 February 2018
⏱️ 53 minutes
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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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