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Young and Profiting with Hala Taha  (Entrepreneurship, Sales, Marketing)

Hala Taha [Part 1] : Internet of Value - Bitcoin, Blockchain & The New Internet | E2

Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)

YAP Media Network

Education, Marketing, Entrepreneurship, Business, Self-improvement

4.81.3K Ratings

🗓️ 18 June 2018

⏱️ 44 minutes

🧾️ Download transcript

Summary

Don't be scared of crypto! Part 1 of Episode 2 explores one of the most era defining discoveries of the past century― cryptocurrency. This new way of storing value has entered mainstream adoption and so we've got to understand it to make the right decisions for our future. Uncover the history of digital currency and Bitcoin, the basics of blochchain technology and the key fundamentals of cryptocurrency. You'll hear multiple perspectives, including crypto power influencer Phillip Nunn. After listening to this episode, you'll be able to carry a conversation about this hot topic and be more knowledgeable than 99% of people out there. Young and Profiting podcast is brought to you by audible. Get your FREE audiobook here: www.audibletrial.com/YAP Want to connect with other YAP listeners? Join the YAP Society on Slack: http://bit.ly/yapsociety Follow YAP on IG @youngandprofiting and Twitter @YAP_Podcast Reach out to Hala directly at [email protected] Follow Hala on Linkedin: www.linkedin.com/in/htaha/ Follow Hala on Instagram: www.instagram.com/yapwithhala Check out our website to meet the team, view show notes and transcripts: www.youngandprofiting.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Did you know choosing the train over your car can cut your carbon footprint by up to two thirds?

0:06.0

So, one family outing at a time, one little adventurer at a time, one trip to the museum, one dinner in the city, one nap on the way home at a time.

0:18.0

One train journey at a time can help create a greener future.

0:23.0

So when will you take your next trip? Find out more at nationalrail.co.uk slash greener.

0:35.0

You're listening to YAP, Young and Proponning Podcast, where anything goes if it makes you go.

0:41.0

I'm Halataha and we're about to explore one of the most innovative and error defining discoveries of the past century.

0:48.0

Cryptocurrency. This new way of storing value has entered mainstream adoption and so we've got to understand it to make the right decisions for our future.

0:57.0

Episode 2. Where YAP and about the Internet of Value?

1:01.0

For the first time ever in the history of the world, we're creating this Internet of Value, whereby without any bank, government or institution in the middle, I can exchange value with you.

1:14.0

So Bitcoin itself doesn't start until January 3rd, 2009. By 2010, 11, there's some level of traction. By 2012, people are really excited about this technology.

1:29.0

Satoshi Nakamoto wrote a technical white paper that really set the foundation of how the Bitcoin blockchain works.

1:40.0

At some point, he disappeared off the face of the Internet of the Earth and nobody knows who that person is.

1:50.0

Then fast forward to 2015 and 2016, the white paper for Ethereum has written.

1:56.0

I'll end with December 2017, Bitcoin, which was once trading well under a penny, it hits its all-time high of nearly $20,000.

2:06.0

Bitcoin is the sixth largest currency in the world out of nearly 300 countries.

2:13.0

And so it's this weird new asset. But for all intents and purposes, it is working.

2:21.0

And as a result, when people saw that it was working over the past few years, more and more other cryptocurrencies, other blockchains and other tokens, such as Ethereum, have been created.

2:33.0

So if you take away Bitcoin tomorrow morning, obviously it would hurt the blockchain, but it would not make this financial genie, this thing that everybody is calling the Internet of Money or the Internet of Value, it would not make that go away.

2:47.0

Because the idea of this digital currency that is not issued by a central authority, a government bank, is so powerful that the people have voted with their wallets, with their time, with their resources.

3:02.0

That this is the thing that people want.

3:05.0

Full disclosure, I'm fairly new to cryptocurrency. In fact, I'll be new to most topics we tackle on this show.

3:12.0

That's the point. We grow and learn together.

...

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