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

Episode Date: June 18, 2018

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 [e-mail] 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

This episode of YAP is sponsored in part by Shopify. Shopify simplifies selling online and in-person so you can focus on successfully growing your business. Sign up for a $1 per month trial period at Shopify.com-profiting. You're listening to YAP, Young and Proponying podcast, where anything goes if it makes you go. I'm Halataha and we're about to explore one of the most innovative and error-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. Episode 2. We're yapping about the Internet of Value. 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. 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. Satoshi Nakamoto wrote a technical white paper that really set the foundation of how the Bitcoin blockchain works. And at some point, he disappeared off the face of the internet of the earth, and nobody knows who that person is. And then fast forward to 2015 and 2016, the white paper for Ethereum has written. And 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. Bitcoin is the sixth largest currency in the world out of nearly 300 countries. And so it's this weird new asset.

But for all intents and purposes, it is working. 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. 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, 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, you know, with their wallets, with their

time, with their resources, that this is a thing that people want. Full disclosure, I'm fairly new to cryptocurrency. In fact, I'll be new to most topics we tackle on this show. That's the point. We grow and learn together. So, to get a better grip on cryptocurrency, I did a ton of research and studying myself and I also interviewed several influencers, including CEO of Wealth Chain and Cryptocurrency Evangelist Philip Nunn. I'm arguably your biggest cryptocurrency influencer and I have a large online network, over 300,000 followers on different social platforms. So I come from a financial markets background and I'm absolutely blockchain and crypto obsessed.

I also spoke with OHAB Flinker. I'm a marketing strategist and I am currently focused on cryptocurrency and tokenization strategies. Ed Lainer. I'm a full-time faculty member within the City University of New York University system and I've been researching cryptocurrencies for over four years.

And Paul Savchuk and Tim Melanick, the 26-year-old Ukrainian founders of cryptocurrency capital LLC. Hi everyone, my name is Paul Savchuk, I am a CEO of cryptocurrency capital. And just with me, team. Yes, hello, guys. My name is Timothy. I'm a CFO and co-founder of Cryptocurrency Capital, management company through CryptoH Fund. With Crypto currency, I think it's important to get a good history lesson

before diving into the technology, the market, and all the specifics. We've got to understand the context, the environment, what led us here, and why people accepted this new technology in their lives in the first place. If you actually think about globalisation and how the world's become smaller, there's only really been two things that have impacted that in the last, and they've both happened in the last sort of 30 years. The first was the advent of the internet for me. You know, if you remember the first sort of 30 years. The first was the advent of the internet for me. You know, if you remember the first sort of internet and the internet, people were sort of laughing at it

and saying it would never have any impact or take on. What the internet's done is given us this freedom and ability to exchange information freely with each other and instantly. And the second one was then the smartphone. The smartphones had more of a profound effect in terms of the raw mobile. We can sort of track where we are and what we're doing.

And it's a, it's usually in the third one, which is this new wave that's come along is blockchain, technology and cryptocurrency. And what this really means is, 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. So we would be able to exchange value with no middle man, no intermediary, and within seconds from the UK to New York. And it's really quite exciting. Because money started out has a store of value that was coupled to a commodity like gold or silver. And in 1971, Richard Nixon decoupled the US dollar from the value of gold, creating a fiat currency or value by decree, just because the king or the government said so. And it worked okay pretty much until people

felt like they lost trust in 2008. And we trust a very small group of companies and government agencies to manage our value in the world. And that usually works until it doesn't like in the financial crisis of 2008. And what happened very soon afterwards in 2009 is that a very small group of tech eeks ran this social experiment. Let's create our own ledger.

And instead of a bank or a government agency being an organization to trust to manage that value, we'll have the crowd manage that value. And more and more people over the past decade have poured their time and resources into the Bitcoin blockchain. And it was the first real use case or proof that the blockchain can actually work. In my mind, people who've been in that space for a long time have been sitting on this technology

and waiting for the opportune moment because while the economic times were good and we were thriving and everything was good, if Bitcoin had come along, you would have just been laughed away as quick as it came along. But actually when people have had enough of the banking system collapsing, government bailouts, quantitative easing, if you look at countries like Cyprus, Portugal, Greece, Italy, Ireland, Argentina, Zimbabwe, I'll keep naming that we've got massive economic crisis and

that people are looking for another way and another solution. So this is why I had the maximum impact and it's here to stay, you know, it's not going to go anywhere. And why does it work? Because enough people agree that it's a store of value. And part of the reason it's such a polarizing issue is because the idea behind Bitcoin is a little bit surversive because the definition of money is currency shoot by a government and there is no government that issues Bitcoin. Okay, this is a really important point. Bitcoin is not backed by the government. In fact, we don't know who's behind the world's most valued cryptocurrency.

It was founded by an unknown person or group named Satoshi Nakamoto, and everyone has their own version of who or exactly what that is. Let's spend a few minutes on the history of cryptocurrency. Can you talk about Satoshi Nakamoto and his contribution to Bitcoin? Satoshi Nakamoto and his contribution to Bitcoin? Sure. So, Satoshi Nakamoto was part of this well-known cryptography email list, and they had these forms. And roughly, I think it was Halloween, 2008, he released this white paper. I've come up with this concept for digital peer-to-peer cash.

Satoshi Nakamoto's now legendary technical and marketing research paper or white paper is called Bitcoin, a peer-to-peer electronic cash system. Yeah, so I think part of the appeal of the story of Bitcoin is the mystery because is the mystery because the blockchain, specifically the Bitcoin blockchain, came onto the scene about a year after the financial crisis of 2008. And somebody or something or someone's plural by the name of Satoshi Nakamoto wrote a technical white paper that really set the foundation of how the Bitcoin blockchain works. And that was essentially an idea released into the community. And Satoshi Nakamoto was active promoting this white paper and these ideas together with a large community of other enthusiasts. And at some point he disappeared off the face of the internet of the earth and nobody knows who that person is. And different people

surmise that it's probably not one person, it's probably a group of people. And there is no one person you can attribute the idea of Bitcoin too. And part of the mystery here is that that first genesis block that Satoshi Nakamoto mined is worth over a billion dollars. According to internet gossip Nakamoto was the sole Bitcoin miner for the first 10 days of Bitcoin's existence. And owns around 1 million original Bitcoins or Satoshi coins, which is currently worth over $7.5 billion at the time of this recording. Really sort of the history of obviously the Satoshi Nakamoto and the Bitcoin white paper. I think Percy in 2009, that when that was released, whoever released that

and whoever they were, people speculate. Obviously, there's a very large Bitcoin model that's not been touched into that point, that's going up in value. And I think if Bitcoin ever hits 100,000, the person who owns that wallet will be the first trillionaire on the planet. What a large amount of Bitcoin.

And what people are curious about, worried about, anxious about is what happens when that Genesis block suddenly, you know, comes to life and somebody says, Hey, I'm Satoshi and I will now command that value of billions of dollars in Bitcoin and that you know that excites some people it scares other people and it's part of what keeps the mystery the enthusiasm around Bitcoin alive. There is no open answer we know there are two people claim that there are a real Satoshi Nakamoto with some intention maybe good maybe bad But the thing is that Satoshi is kind of a mysterious person. You can say they're a guy from different dimension who gave us this kind of of technology.

Everyone is talking about it this moment of time. Somebody thinks that Satoshi is Elon Musk. You know, Elon Musk created BDC, you know, to save it as all blah, blah, blah. you know, to save it as all blah, blah, blah. Well, I know who they, well, no, I don't know. I'm joking. Well, maybe I'll give one. Look, distributed ledger technology is not a new thing at all. It's something that's been in concepts and around since 1991. And all the blockchain really is. It's an automation of probably seven or eight different pieces of technology

that are all mashed together to create sort of the secret sauce, if you like. Bitcoin itself doesn't start until January 3rd, 2009. That's when they actually start hashing blocks. The very first block is called the Genesis block. What happens after Bitcoin is released is computers all over the world start to hash it It's a very slow and small project by 2010 11. There's some level of traction By 2012 people are really excited about this technology and more and more people are You know involved in the cryptocurrency space But one needs to know that at the same time,

a number of all coins are being developed. So an all-cognitive and all-territive coin is something that uses Satoshi Nakamoto's technology, noting that Nakamoto released this paper in open source so anyone in the world can copy Bitcoin if they wanted to. And so that's exactly what people did in the development of these altcoins. And then fast forward to 2015 and 16, the white paper for Ethereum is written. And I guess I'll end with December 2017 Bitcoin, which was once trading well under a penny,

hits its all-time high of nearly $20,000. And so it's this weird new asset, but for all intents and purposes it is working. 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 or units of value that are coupled to a specific blockchain, such as Ethereum, have been created. 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 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, you know, with their wallets, with their time, with their resources, that this is a thing that people want. All right, so fast forward to 2018, Bitcoin RBTC was announced almost 10 years ago, trading on the exchanges by 2010 with its highest price at year at just 39 cents.

To put that in perspective, Bitcoin is currently priced a little under $7,500, with 17 million Bitcoin currently in circulation, making it roughly a $127 billion market cap. Since BTC launched, more and more cryptocurrencies have emerged on the scene, and today there is about 1,600 altcoins currently in circulation. Get familiar with names like Ethereum, Ripple, EOS, Dash, Monero, Cardano, Iota, and Bitcoin Cash, which is a fork of Bitcoin.

What's a fork you say? Well it's technical, and lucky for you, you're about to get into some technicalities. So let's get started with an understanding of what exactly cryptocurrency is. Young and profitors, do you have a brilliant business idea but you don't know how to move forward with it? Going into debt for a four year degree isn't the only path to success. Instead, learn everything you need to know about running a business for free by listening to the Millionaire University podcast.

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Sign up for a $1 per month trial period at Shopify.com-profiting. Again, go to Shopify.com-profiting all lowercase to take your business to the next level today. Again, that Shopify.com-profiting all lowercase. This is Possibility powered by Shopify. Yeah, so I think the most straightforward example is that cryptocurrency is a ledger, just like if you were doing your monthly billing or anyone who does ledger like an accountant, and it's simply a store of money. So the general meaning of the creep tilt,

currency is something which is built on blockchain technology, requires special proof of transaction. It might be proof of work or proof of stake or proof of something else. And it's in some way open source. Okay, so I'm about to really break this down. The main notion behind blockchain is reaching a consensus in a decentralized way.

This is done via a distributed ledger that contains a record of all previous transactions. It's called a distributed ledger because the transactions are not stored in one central location. This is what makes blockchain revolutionary. The ledger or the blockchain is stored on every computer or every node that partakes in the network. So it's a database that exists out there and is replicated across hundreds of thousands of nodes or computers. And therefore, if you wanted to hack the Bitcoin blockchain, you'd have to hack hundreds of thousands of computers simultaneously and that is effectively impossible.

So that's part of the power of the blockchain. This is a key point of blockchains. They are designed to be immutable and they record events and engrave them into this digital, unirrotable rock. And once a piece of information goes in, you can depend on it never changing. This concept or quality of immutability is what makes blockchains different from regular files or databases where information can be edited or deleted at well. And in order for blockchains or a distributed ledger to work, the participants in the network need to collectively agree on the contents of this ledger. This is the

job of something called a consensus mechanism or consensus algorithm. The first blockchain, Bitcoin, reaches consensus with proof of work, also known as mining. Proof of work is a requirement to solve a complicated mathematical puzzle in order to process a block of transactions and add it to the blockchain. Nodes, more commonly known as miners, compete to be the first to solve the problem that concerns a candidate block, and this can only be done through many attempts of trial and error, essentially guessing a large number at random. So miners take this mystery number along with data from the block and apply it to a cryptographic hash function. This hash function takes the data fed into it and in Bitcoin's case turns it into a unique 64-character string of numbers and letters,

which serves as the potential answer to the problem. The miner who first solves the puzzle gets to place the next block on the blockchain and claim the rewards, which is given in the form of coins or transaction fees. So blockchain is that one block is built on top of another block. So all these computers around the world are keeping records of the same blockchain, the keeping records of the same public ledger. So how blockchain works is that there are hundreds of computers hashing this and keeping this public record. And in the early days, let's say 2009, 2011, a regular computer could do this and actually win the blockchain. They could win what they

call the mining reward. And so all of these transactions, particularly for Bitcoin, but this is true of other cryptocurrencies, are stored on computers all around the world. And that's why it's called a peer-to-peer system, which is different than, let's say, the bank system. You know, I make it a posit, it's no good, or the bank for whatever reason freezes my account. So that is what they call in computer language, kind of like a master slave relationship, where only one person can do the writing. Whereas in a peer-to-peer blockchain,

the peers do the writing. It should be noted that proof of work is very expensive to participate in, and it takes enormous amounts of electricity to solve these problems. Here's an alarming fact. A recent study from the Science Journal Jewel claims that the Bitcoin network consumes 2.55 gigawatts of electricity per year. Nearly the same amount consumed by Ireland.

And if that's not shocking enough, the study also says that Bitcoin could someday consume 5% of the world's electricity. And because proof of work puzzles are designed to get more complicated as the network grows, it will require even more computational power as time goes on. At the present time, a Bitcoin minor is awarded 12.5 new coins for validating a transaction. Almost $100,000, which is why mining farms are willing to pay for very expensive mining equipment and electricity costs to perform the calculations continuously, and even the users that don't win are expending computing power around the clock.

In addition, mining pools have emerged where people team up to increase their chances of mining a new block and collect their reward. And these pools now control large portions of the Bitcoin blockchain. With Bitcoin, and this is really the paradox of Bitcoin, is that it said decentralized currency, mined by maybe five mining camps. Well, that's not all the other decentralized, right? It's almost dare I say laughable, but if you have a decentralized currency that's only being mined by very few groups, it doesn't cohere to what I think the Genesis block highlights

and more importantly, the Satoshi Nakamoto vision. To solve issues like these, a new consensus algorithm emerged called proof of stake, and it's used by large crypto networks like Dash, and the second largest cryptocurrency Ethereum is transitioning from proof of work to a proof of stake model. Proof of stake is an alternative way of verifying and validating the transaction or block. It is still an algorithm, and the basic idea is that letting everyone compete against each other with mining is just wasteful. Instead, proof-of-stake uses an election process, where one node is randomly chosen to validate

the next block. Many claim that proof-of-stake is a better alternative because it achieves the same distributed consensus at a lower cost, and uses considerably less energy. In addition, setting up a node for proof of stake is less expensive compared to proof of work. You don't need expensive mining equipment, and this encourages more people to set up a node, making the network more decentralized and also more secure. Oh yeah, some small differences in the terminology here. Proof of stake has no minors, but instead has validators, and it doesn't let people mind blocks, but instead they forge new blocks. Validators aren't chosen

completely randomly. To become a validator, a node has to deposit a certain amount of coins into the network as a stake. The size of the stake determines the chances of the validator being chosen to forge the next block. I see other algorithms that use a lot less electricity are more efficient and tend to be fairer. So it's called the proof of stake algorithm, often seen as capital P, lowercase O, capital S. And within the proof of stake algorithm, they reward people for staking their coins, which is very different than Bitcoin, which is the proof of work algorithm, often seen as capital P, lowercase O, uppercase W. And

that is only the miners get the rewards. So to summarize, each blockchain has a set of rules or consensus mechanism by which transactions are validated on the network, like proof of work or proof of stake. And these rules are agreed upon by the miners themselves. So finally to get back to what a hard fork is, sometimes miners for a coin decide to change the rules for validating a block. And that's when a coin splits and the modified version becomes a fork of the original coin.

Some miners decide to mine on the new rule set and some continue on the old rule set. Bitcoin Cash is an example of a fork. There's more nuances to chain splits, but I'm not going to try to go there. Is your head spinning? I honestly think that's normal. Blockchain technology can be really hard to understand

and core concepts tend to get lost amongst the complexity of non-essential detail. And one of the first mistakes I think people make with trying to figure out this thing called the blockchain and Bitcoin is trying to figure out the technology. And I think the more interesting question is why people are so excited about the blood chain and about Bitcoin. As of today, the cryptocurrency is a new asset class. Same as, you know, think about ages ago when, for example, the share is reinvented.

You know, you have to think in your way, what is it? Same goes with crypto. This is just the new way of thinking about things. You don't have to actually understand it how it works. You need to understand how you can use it. And it doesn't mean that you need to make a little search of who created, why it has value, and what kind of protocol was used. People use Amazon on their phone, they use the Google on their phone. They have no understanding how it works, but they still take benefit of it.

What I always say is, you know, blockchain technology, all you have to think of it is, all the blockchain is a database of ledger, but it has a post-working century on one centralized server. It's decentralized on many different nodes and machines and it works in a totally different way. But it's much like a body of mine on LinkedIn stated a while ago that if I got into telling you how microwave worked and the fundamentals of that, you probably never use one again. And most people, actually when you talk about the internet, how many people in the world know how the internet works. If I were you to explain exactly how Instagram worked and the fundamentals of it, you wouldn't be able to explain it not many of us would.

So really what it's all about is this thing is going to sort of slowly come underneath us, like the internet did, and to understand the fundamentals of it, that you're moving from a centralized way of working to a decentralized way of working. That's really all you need to know, and the fact that it's going to give you a secure way of training value. Okay, so you've got a baseline of the technology, and that's all you really need. Unless you're interested in benefiting from cryptocurrency through mining or forging, or even launching a new altcoin yourself. For the majority of us, we need to just focus on the outcome of blockchain and cryptocurrency and how they will change the world.

So can you talk about why cryptocurrency and blockchain is important for young professionals and millennials to begin to study and get familiar with? Like why is that important for them to start interacting with this new technology? Yeah, bam. If you're ready to take your business to new heights, break through to the six or seven figure mark or learn from the world's most successful people, look no further because the Kelly Roach show has got you covered. Kelly Roach is a best-selling author, a top-ranked podcast host, and an extremely talented marketer. She's the owner of NotOne, but six thriving companies, and now she's ready to share her knowledge

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you can get 15% off when you go to masterclass.com-profiting. That's masterclass.com-profiting for 15% off an annual membership. Masterclass.com-profiting. Sure, I think particularly for millennials, your generation will be inheriting the folly of previous generations. The amount of debt that your generation is inheriting is significant. So this opportunity, and I think every generation has this opportunity with a significant

wealth creation. So I saw this during my career, early career in the internet Where people became Millionaires and billionaires when that was in internet 1.0 By the time internet 2.0 comes around because of things like network effect Facebook has a type of network effect that Yahoo only jumped about in 1998 or Google had a type of network effect where they basically were able to catalog the entire world, right, whether the Google maps or information on the web.

Those types of opportunities have kind of come and gone. So particularly, I think why the millennial should be interested in cryptocurrencies, one, the crushing debt that sadly this generation will inherit to probably more importantly, it's this wealth generation opportunity of your generation. If one were alive in the late 1870s, I would say railroads, you know, getting to railroads right or getting to banking right, try to figure out what John Peer Point Morgan is doing or if one were, if it was through the 70s, I would talk about the person on computer.

But now as we're approaching in 2020, this wealth generation opportunity is so salient. So how do you think cryptocurrency will change the world? I mean, goodness me, I have to be careful under these podcasts, because I don't want to get shot somehow by a like a secret agent. I'm sure I won't, but you know, we've had a way of working for many, many years, probably hundreds of years, which is a centralized way of working, more of very controlled by the

system. And that's the biggest stranglehold this breaks. You know, guys who've had all the power have had it too good for too long, and I see cryptocurrency as an uprising. And this leads on to the question about helping society. I mean, you look at the world we live in and how much wealth there is in the world.

It's just unfair. It doesn't work. The system does not work. We still have poverty. We still have people starving. I feel like it'd be a reason why Wall Street and like bankers are so afraid of Wallchain is because everything is going to be so transparent that you will not be able to create new derivatives

or created full-flops like in which cost the mortgage crisis or the dot com crisis, or each time we had a depression or a stagnation or a stagnation crisis, it was because of the influence of those major players. And the reason why it happened, because nobody could control it, everything was behind the closed doors. And even if you have the account in this bank, even if you know how these financial markets work and what type of assets you can trade or invest, you still under the risk that bankers are going to use your money five, six times more with offshore accounts or like they are not going to audit their company properly and you

will not be confident that they have funds or not. And if you're talking about blockchain, to control all these processes like behind the closed doors in the open way. So everybody's going to know what's happening no matter what. I mean, I live in America, we live in America, we have banking systems, access to credit. People don't have this. And what really got me, and I've always, you know, for the last few years,

been so diligent about my cryptocurrency, but really, what made it so compelling for me, was last December, December of 2016, when India took out most of its currency. They took out what in America would be the equivalent of all ones, all their fives, all their tens and all their 20s. They basically just went to high note bills, 50s and 100s. But that's exactly what happened in India. The Indian government gave seven hours notice. Basically, it would be the equivalent of our president saying, okay, we're no longer going to accept cash except for 50s and 100s. All that money will go out of the economy almost directly and all those small bills are now worthless. In millions of people suffered, I'm sure thousands or hundreds of thousands

suffered greatly and many died. And that made me think about how important it is what we're doing in cryptocurrency is that we're providing a counter narrative to a traditional banking system. We still have people dropping bombs on Syria, which is due to political sentiment and all this sort of thing.

And I'm a great believer that blockchain and the movement of blockchain, cryptocurrency is one that can wipe out lots of this corruption and lots of this lack of integrity and unfairness that exists in the world. If you were to not this actually happens, I don't know. But I think in terms of a better society, unfairness that exists in the world, whether or not this actually happens, I don't know, but I think in terms of a better society, there's your altruistic, there's your sort of

SK scenario for me. But actually, if you look at it from a was living in a West world and going to work every day and living an honest life and do what we do, I think what's going to happen going forward is that instead of people like Facebook and Amazon and Google and Microsoft and the big Silicon Valley companies monetizing our existence and monetizing our data and controlling that side of how we exist, I think that's going to change. So in a future, I see a future where there will be a version of Facebook. I think Facebook will be gone in 10 years completely. We'll sort of say, remember Facebook like my space. And there'll be a version of Facebook that will be very much a decentralized version

where we're all on there. We can exchange value with each other. So I can be in a restaurant and I will tag myself in the restaurant and I will get some tokens for doing that. So we'll all be able to monetize our existence in a better way. We'll be able to use our spare hours where we're a lawyer and we want to give two or three hours a week extra work and we'll be able to tokenize that. So we're moving to this sort of decentralized tokenized way of working, but I think it's power to the people in that we'll all be able to create value within our

own existence, and that's really powerful. Thank you for listening to Young and Profiting Podcasts, where anything goes, if it makes you grow. This concludes part one of the Internet of Value. Catch part two next week where we'll take a closer look at the other players in the market aside from Bitcoin and the considerations to keep in mind when looking to participate in the market. Young and Profiting Podcasts is for informational purposes only. It should not be considered financial advice. Conduct your own due diligence or consult a licensed financial

advisor before making your investment decisions. YAP is supported by a wonderful team. Big thanks to our audio engineer John Sparks, music by Harry Fraud, and assistant producer Timothy Tan. Follow Yap on Instagram at Young & Profiting and Twitter at Yap underscore podcast. And check out our website at Young & Profiting.com for show notes and additional references. Be sure to subscribe or follow us wherever you enjoy listening to your podcasts. See you next week for part two of the Internet of Value. This is Halata signing off. Are you looking for ways to be happier, healthier, more productive and more creative?

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