Blockchain and Cryptocurrencies

Been a fan of you for a long time Ivan. And the course is great too, nice format… very well done… Kudos to you and your team… great job !!!

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I have been in the bitcoin space since 2012 and tried to explain so many of these things to family members and friends in the past; so, I feel by explaining it to them over and over it has made some of these concepts much clearer in my mind. That said, going through it in such a professional way opposed to reading articles on medium and watching videos on You Tube, I feel like I am learning some new words like provenance, consensus which will make it easier to explain in the future. Its funny, most of my friends just think I am crazy; but, as the years have gone by I keep getting more and more people calling me asking me about what I know about Bitcoin.

I recall one Xmas I tried to giveaway some bitcoin; but, not one of my friends or family took the time to download an wallet app or watch a video link I sent. It was humorous to have some of those same people call me asking me how they can buy BTC in 2017 when it was at $20,000 USD. I just laughed and told them they missed the boat, after such a quick rise, the last thing I wanted them doing was buying at 20K when it was clearly losing steam and going to correct. Still very hard to get people to even read an article or watch a 2 min you tube click. Over the past 2 years I have had quite a few converts though and they all understand that long term is the plan.

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You are right about wording and the best terms to explain :100:, with the Academy, there is some generic terms which can speak to people, and have been reviewed by thousands of students.

Attending seminars :heavy_dollar_sign:is a good thing too if you get the chance !
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Keep grinding :muscle:
Keep coding :writing_hand:

@dapp.coding

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Yep, even since 2012 I’ve been laughed at about what I claimed Bitcoin is capable of to a client that was worth 100’s of millions of $. His reply was “it has no intrinsic value, you’re just a painter, what the fuck do you know?”. I was the owner of the company; but, that didn’t mean much to anyone.

In 2014 I offered to give everyone 1 bitcoin for Xmas if they’d open a wallet app. My mother in law said to me at Xmas dinner, second time I met her “That’s sounds like the stupidest idea I’ve ever heard, Canadian Tire money will be worth more than this nonsense.” No one did!

In Dec 2017 price 25K CAD I got a half dozen calls like " Hey Chris, how do you buy this bitcoin?" or What do you think about XRP,? Is Monero.good", " Holy shit, those 42 Litecoins you gave me for a $100 in wages you owed me are worth $14,000 USD. What a great decision “I” made says my foreman of 6 years. LOL!

In 2018 I told my co-workers one day Bitcoin will be bigger than the internet and cash will be a thing of the past. They said", you’re crazy, cash will always be available, why would I use some fake ponzi scheme like this. A week later one guy asked “What’s this halving thing all about?” A year later 5 out of 7 own half a btc though.

In 2019 my best friend says, "fuck if I had only bought when you first told me they were $200. I’d have my own house and wouldn’t need to work again. "I was tired and just couldn’t find a pen to write down the 12 word secret code for the wallet.

Now I get, well I’m not going to be as lucky as you, all I got is 0.07 and 1 ETH, that’ll be worth nothing. You should give me one or pay me in Bitcoin or something.

It’s been a crazy journey; but, I never second guessed myself. Unlike anyone else, I did my research and studied the history of money. I don’t tell anyone about it anymore though. The comments I got from Facebook were the worst so I quit trying to help people who dont want it. That said, its still a long road to go; but, I think we’re halfway there. LOL!

Your advice about attending seminars and meeting others is probably a lot less stressful and more rewarding. I think I will do that. Thx!

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What an amazing testimonial and touching message your are sending here to the community @CanadaWhite !

I wish I knew you then back in that time because I am that person who always listens to ideas and opinions, and especially, if they sound CRAZY ! How crazy ? Ask Bezos, Musk or other people who have been called Crazy too !

2iiwpq

I have a different smaller story with Bitcoin when I heard about it 2 years ago in 2018, bought some and sold it for less. Then gave up and heard about dropshipping, to end up selling some charger cables over the internet, and my mom called me : an underwear seller and retailer despite of the engineering degree I have. Less than 2 years later, I made in an hour more than what engineers make in one day switching from eBay which kicked me out, to services and digital marketing Freelancing.

I have learned SEO and copywriting while biking and delivering pizza over cold winters here in France, so I don’t go to a lame energy dragging 9-to-5 job !
Since then, it’s all colors and rainbows, but it’s time to get grinding again and get some more multiple stream incomes while enjoying screwing over banks and their “service fee”.

bitcoin meme

Anyway thanks a lot and let’s meetup around another topic, another thread, and some another day.

Keep Grinding :metal:
Keep Coding :writing_hand:
@dapp.coding

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If I may, I would like to just to ask a question and get everyone’s perspective on it.

Now, we all agree that the blockchain is a decentralized system and that it is the basis for the cryptocurrencies. In that regard, my question has to do with investment in crypto and the decentralized concept. if I were, say hypothetically, to have more economic power or more money to invest to buy crypto than the majority of people, doesn’t that create a disadvantage for the rest since now I am centralized on my buying power the price movements for particular crypto? Would that throw away the concept of decentralization?

I mean right I would say the market is heavily manipulated by whales, so what you are explaining is indeed happening. However, I would say that they are not fully in control and when the market cap of cryptocurrencies increases, their influence gets smaller. So I don’t think this throws away the concept of centralization but am of course not an expert.

There is definitely a disadvantage though. That’s why most of the traders are losing money, but this is also the case in the stock market.

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Ivan so far really enjoying the course. thanks

How can I use this map to see if it will help me learn better as well?

I think the idea :slight_smile:

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Thank you all for sharing your stories. This is a wonderful and encouraging space! Big ideas that are very important are hard to communicate and we are blessed to have this educational opportunity. I believe it is better than any degree if you can apply it at the very least to your personal life and hopefully more. This is a great way to bring many entrepreneurs to the table and have another great leap in human productivity through our own individual ingenuity and experience. If anyone has not yet George Gilder’s book Life after Google, it talks about time pricing and really lays the groundwork for understanding how the shift in paradigm will play out. He is another Crypto prophet in the leagues of IvanonTech, but a few years older :wink:

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Hi Ivan,

Learning more about blockchain and trying to figure out how can the blockchain technology be used implemented in a health, financial, governmental and educational sector in the poorest countries.

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The decentralized part is not just the capital markets, which are the cryptocurrencies built on whichever blockchain. It is also the nature of who really has custody of money and with which degree of control. Also, there is the aspect of a consumer money market for credit and lending of all sorts. Then there is the aspect of the “solidification” of many processes relating to transactions of values and property rights and how businesses will adopt the technology to some degree because the business case is there. Validation of many processes now in the hands of bureaucrats will be in the hands of many more and this will bring about social changes and a realignment of incentives for all actors in the society. Yes the actors who now have the biggest economic power can theoretically make the biggest gains by the simple scale of the positions they can take, but in the end the cash flow streams that exist in the world today for many will be quickly be rechanneled to a different river: the crazy place we are learning about here.

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Maybe it’s not the right topic, but i was wandering about unrevertability of transaction: how can we deal with for example ecommerce to prevent sellers’ frauds? with smart contracts?

Some markets for example offer a feature called escrow, which locks the funds after the customer pays for the time being until the product is received. Once it does the funds get released to the merchant. :slight_smile:

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Nice. Think it’s too advandeced for ma at the moment, but good to know it! Thanks

Brilliant way of connecting, tracking your studies, thank you for posting it. :grinning:

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Thank you Ivan for creating the Academy. I am enjoying the course and all it’s contents! :grinning:

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Never Thought Blockchain Could be so Easier and Faster to Understand for an average Person, So Thank you so much…

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Absolutely loving everything so far!

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I was way out of the curve on blockchain and thought it was a joke. Now I realize it is a real thing that has legs and due to this course so far I am gaining significantly higher respect for the platform of blockchain which was coined by bitcoin (literally). Pun intended. I am having a ton of fun so far. I love the atmosphere and the focus on civility is really wonderful in the forum. I am finding myself smiling a lot. This course and Ivan on Tech is a blessing. Thank you!

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