Cryptocurrency 102: with Special Guest Litecoin Lisa

Send us a textDisclaimer: Jill Jardine is professional astrologer and not a financial advisor.  This podcast is for entertainment and informational purposes only.Jill's guest is Lisa Davis, aka Litecoin Lisa. Litecoin Lisa is rocking the Cryptocurrency world and beyond with her informative videos on her Youtube channel, which also covers everything from health to politics to cryptos to woo woo and more! Litecoin Lisa also has a Patreon site where people can join and be part of a community while receiving all the Crypto scoop from her.  Check out her podcast, "The New Normal." "The New Normal," is Lisa's podcast on YouTube which began pre-Covid, and airs live every weekday at 5 pm Central time. 12 years ago Lisa founded a non-profit to serve kids in foster care which quickly became the largest volunteer effort in the state of Oklahoma. The non-profit  partnered with the community to make sure that no child is without a gift every Christmas. This is how Lisa met three of her children. Her youngest two, "the twins", were both born with only half a heart (Hypo-plastic Left Heart Syndrome) caused from drug exposure while they were in their mothers womb. She quickly learned to be a caregiver for medically fragile kids and an advocate for organ donation. She lived in the hospital with her youngest daughter during the first few months of her life until she received her gift of a new heart. Sadly, her daughter passed away after she developed cancer (PTLD) from the anti rejection meds that she had to take to keep her body from attacking her new heart. Lisa started a 501c3 Non Profit charity to honor her daughter. Lisa is married to her best friend and true partner in life.  They both got "RED PILLED"and began their Crypto journey when Lisa's mother gifted the newlyweds some Litecoin Cryptocurrency.  Litecoin Lisa was launched and her Crypto mission began to unfold.  Lisa likes that the Cryptocurrency movement is one of inclusiveness.  As more people get into Crypto, more people will benefit, and "we all rise together."In this episode, Litecoin Lisa outlines the workings of Cryptocurrency and the blockchain.   Lisa describes the concept of Cryptocurrency, like Bitcoin and Litecoin as being "mined." The idea of "labor" or energy with Bitcoin or Litecoin is connected to the "mining." There's a scarcity of Bitcoin, just like there is a scarcity of silver or goid, which gives it value.   LItecoin Lisa distinguishes Cryptocurrency from traditional banking systems.  Unlike banking, Bitcoin is not centralized, meaning one entity does not decide what Bitcoin is worth.  Thus, Cryptocurrency is decentralized so there is no "double spent" situation as with other currencies. One of the benefits of Cryptocurrency is that it removes central banks from managing the money supply as they reduce the value of money via inflation.  Bitcoin and blockchain technology has a decentralized processing and recording system even more secure than traditional recording systems.  Bitcoin is a peer-to-peer currency exchange, eliminating a middle man and has minimal fees.  Bitcoin, and Cryptocurrency has been the best performing asset in the last decade, and adoption has more than doubled in the past six months. Bitcoin, Litecoin and Digibites are true cryptocurrencies, while other "cryptos" are tokens. Follow Lisa Litecoin on her Patreon site, her Youtube channel and through her podcast!Support the show Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.