How Is a New Cryptocurrency Born?

The Stacking Benjamins Show

Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP

Personal Finance, Financial Planning, Education, Retirement, Investing, Cfp, Business, Money

4.4 • 2K Ratings

🗓️ 13 August 2018

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

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Summary

While we're usually not crazy about jumping in the cryptocurrency Kool-aid, a new type of crypto just being birthed called Kinesis caught our eye. This emerging crypto is based on gold and silver...so already it sounds a little different, right? To learn more about Kinesis and just how a new cryptocurrency is birthed, we invited CEO of Kinesis, Thomas Coughlin down to the basement to give us the fundamentals. What makes them different? Why launch a new one when so many others already exist? How do you keep your crypto-money from being stolen? We'll ask these questions and many more today. Then, in our headlines segment, Vanguard's Chief Investment Officer responds to Fidelity's new no-fee funds. While his answer might not surprise you, how we think this correlates to you and your money just might be a surprise. In our second headline, Wells Fargo has beat back another lawsuit...this one having to do with target date funds. Of course, we'll still have time for not only Doug's trivia, but also to answer a voicemail from John, who wants to know what advice we'd give someone who isn't sure how to crystalize their long-term goals. Thanks to Slack for supporting Stacking Benjamins. Slack: Where work happens. Go to slack.com to learn more. Thanks also to Nutrafol. Get your first month supply with a subscription plan for $10 nutrafol.com and promo code SB Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	You know in today's world seems like the best treatments reserved only for a few. Well,
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0:24.6	Learn more at Discover.com slash credit card.
0:27.4	Limitations apply.
0:29.0	Hi, this is Dave The New York Budget. And when I'm not breakdancing on the subway for money
0:34.9	I'm stacking Benjamin's.
0:37.0	Live from Joe's mom's basement, it's we're all about the blockchain baby here to dig into the birth of a spank of new cryptocurrency, we welcome the CEO of Canesus money, Thomas Coughlin.
1:09.0	Plus, in our headline segment, what does Vanguard think about Fidelity's new no fee funds?
1:15.4	We'll share.
1:16.4	And in our second headline, believe it or not, some kind of good news out of Wells Fargo. Of course we'll still have time for my trivia and throw
1:27.0	out the Haven Lifeline to John who wants to know what he should focus on if he's having trouble coming up with concrete goals.
1:34.7	He, speaking of concrete, two guys who Joe's mom calls a couple of blockheads,
1:41.7	Joe and O, J-, J, J, G.
1:47.0	I suppose that's better to be in a block chain head.
1:56.4	When I think of block heads, I think of Lucy from Charlie Brown.
2:00.0	You're a blockhead, Charlie Brown. I think of...
2:03.0	Such an insult, Circa 7th, 1970.
2:06.0	Aren't those those candies my kids ate blockheads?
	...

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