Investopedia
The Studio Sessions video features discussions on a variety of topics ranging from the origins of Bitcoin to the limitations of blockchain technology. The guests emphasize the importance of understanding the limitations and potential of blockchain technology before investing and that companies should be cautious when using blockchain, ensuring it is utilized efficiently and effectively for their needs. The video also discusses Lamar Wilson's Bitcoin Academy and his belief that knowledge is wealth. The speakers raise concerns about technical issues in achieving efficiency in distributed systems and highlight the need for efficient centralized databases. Finally, they emphasize the importance of smart contracts and understanding the technology behind cryptocurrencies for investments, entrepreneurship, and opportunities in the emerging web3.0 industry.
In this section, the hosts introduce the topics of cryptocurrency, decentralized finance, blockchain, and non-fungible tokens (NFTs) as part of the Brave New World that is changing the financial services industry. The two guests on the program, Givens Gigi Cadet and Lamar Wilson, provide different perspectives on these technologies. Lamar explains how Bitcoin established itself as money and how other cryptocurrencies like Ethereum, Solana, and Cardano are built to be world computers. Gigi discusses his blockchain technology degree at Fordham University and how it covers topics beyond finance, emphasizing the importance of understanding the history of money and the necessity of cryptocurrencies.
In this section, the discussion centers around the origins of Bitcoin and how its underlying technology, blockchain, can be applied to a wide array of industries beyond just finance. Both guests on the studio session, including a software developer and a cryptocurrency investor, emphasize the importance of understanding the limitations and potential of blockchain technology before investing. They also provide the analogy of "eating a salad with a hammer" to explain how companies should be cautious when using the blockchain and ensure that it is utilized efficiently and effectively for their needs. Despite some companies' skepticism about implementing blockchain, the guests explain how it can revolutionize many industries beyond just finance, including healthcare, telecommunications, and music.
In this section, the conversation shifts to the potential of blockchain technology in various industries, such as real estate and music. The decentralization promised by blockchain technology has the potential to revolutionize the way we verify information and move away from traditional third parties that have been relied on in the past. The interviewee speaks about their journey towards financial empowerment through pursuing an MBA and realizing the importance of financial literacy. The interviewer, Mark, also shares his own path from software development to creating a group focused on teaching people about investment opportunities in cryptocurrencies.
In this section, Lamar Wilson, the founder of Black Bitcoin Billionaire, shares how he first got into the world of cryptocurrency back in 2011 when Bitcoin was still largely unheard of. He learned how to program and started telling people in his neighborhood about cryptocurrencies and the freedom they offered. Lamar believes that if you're not intentional about getting information into certain communities, it will never get there, and so he felt compelled to share his knowledge and educate his community. He now teaches people about Bitcoin and has even started the Bitcoin Academy to help others learn. Lamar stresses that one only needs a marketable skill and knowledge to grow wealth and that the real wealth is in who you know. Furthermore, you don't have to have money to get wealthy since your knowledge base is your wealth.
In this section, the discussion revolves around the rise and fall of Bitcoin, and the importance of establishing intrinsic value before investing in any asset class. While Bitcoin boasts a greater return on investment than any other asset, it is important to understand its value and purpose before investing. The value of an asset may vary from person to person, based on individual needs and situations. Furthermore, education is key to understanding cryptocurrency and making informed investment decisions, and many educational resources are available for those looking to learn. Finally, it is essential to differentiate between hope and hype when investing, and to understand the reason behind any hype surrounding an asset.
In this section of the video, the participants discuss the "greater fool theory" as it pertains to crypto hype. They explain that some people focus more on the hope of getting rich quick than on the actual technology and its potential. This can lead to FOMO (the fear of missing out) and FOLIA (the fear of losing it all) and cause people to take unnecessary risks or obsessively check their crypto accounts. They also touch on the flaws in certain blockchains and the challenges of creating a truly decentralized system. The conversation then shifts to the concept of web3, which incorporates blockchain, the internet of things, and non-fungible tokens. The participants debate whether the current systems claiming to be web3 are truly decentralized or not.
In this section, the video discusses the Oracle problem in decentralized systems and how introducing oracles can potentially compromise the trustlessness of the system. The example of using coordinates on a blockchain to represent land ownership is used to demonstrate how trust is needed when introducing oracles. The video also distinguishes between smart coins, such as Ethereum, which allows automation of accounting transactions, and dumb coins that are traded for fun. Finally, the video raises concerns about the technical issues with trying to achieve efficiency in distributed systems and highlights the need for efficient centralized databases.
In this section, the speakers discuss the potential challenges that blockchain systems might face. They argue that if a system is too expensive, people will move to a cheaper system, just like what happened in the PC era. They suggest that people should look at cryptocurrency as pure technology rather than an investment. The speakers also compare Bitcoin to a foundational protocol, saying that Bitcoin is doing what it's supposed to do, which is a good sign. Furthermore, one of the speakers explains how blockchain disrupters class, which is part of the master's program, covers different industries, successful and failed companies, scalability, and mass adoption. They also mention how the program emphasizes the importance of smart contracts, which are a set of rules that must be met, and if met, something happens.
In this section, the speaker explains the concept of smart contracts and how they can be executed instantaneously based on a set of predetermined conditions. He mentions that smart contracts can be used in various industries, including the entertainment industry. He also shares his personal experience of how understanding the technology behind cryptocurrencies has opened several doors for him in terms of investments, entrepreneurship, and travel opportunities. He encourages people to learn new skills that interest them and share their knowledge with those around them, as this can empower more individuals and communities to benefit from the opportunities in the emerging web 3.0 industry.
In this section, the speaker advises that the easiest way to access the cryptocurrency market is to use a system, such as Cash App, and to dollar-cost average by starting slowly but surely and stacking. He further explains the limited supply of Bitcoin, with only 21 million available, making it a valuable digital asset. The speaker recommends two books to read, The Story of Blockchain by Omar Malkin and Bitcoin and Black America, which he personally wrote. The speaker also mentions that he and Caleb, the moderator, will soon have MMA fighter, "Big Boy" on their show.
No videos found.
No related videos found.
No music found.