053: Owen Schrum discusses Bitcoin and explains Blockchain

In this episode, The Annuity Man discusses:  What cryptocurrency is and how blockchain works.  Losing Bitcoin and the future of the cash dollar.  Looking at cryptocurrency as an investment.  Normalizing cryptocurrency with direct and indirect regulations.    Key Takeaways:  It is a speculation tool, an investment, but a very speculative one. That is, an investment in a new technology called Blockchain. Blockchain is the internet of things, of assets. Bitcoin is the application running on the blockchain.  Right now, Bitcoin and other cryptocurrency transactions are essentially untraceable.  Blockchain is a technology that is not going away.    "I don't believe that [Bitcoin is going to replace currency] until something is done via either government regulation or private regulation, that makes it a more stable, valued digital entity." —  Owen Schrum     Connect with Owen Schrum:  Website: schrumpw.com Twitter: twitter.com/SchrumOwen LinkedIn: linkedin.com/in/owen-schrum-24319417   Connect with The Annuity Man:  Website: TheAnnuityMan.com  Email: [email protected]  Book: Owner's Manuals  YouTube: Stan The Annuity Man  Get a Quote Today!