Is Crypto Currency the Future of Money? - Episode 274

from Crushing Debt · host Shawn M. Yesner

What is blockchain technology? Does blockchain have any application outside of crypto currency? What is crypto currency? Can investing in Bitcoin or Alt Coins (like Ethereum, Dogecoin, etc) help you eliminate your debt? This past weekend, I attended the Florida Bitcoin and Blockchain Summit and it was amazing. There were many sessions dealing with Bitcoins and other Alt Coins, but there were also sessions dealing with blockchain technology alone. Blockchain is the technology upon which bitcoin is based, but it has uses outside of virtual money, such as Mortgages, Title Insurance, Recording, Produce, and almost anything else that can be monitored and tracked. However, most people use the technology for bitcoin, so I also go over many of the terms or language that you'll hear on your crypto-journey, like HODL, DeFi, NFT, Wallets, Fiat, Forks, Hash, Halving, Mining, Node, Key & Smart Contract. Definitely do your own research before investing in anything. I plan to do mine, and will bring you along with me in this journey in future episodes of the show! Please support our sponsor, Sam Cohen of Attorneys First Insurance, who writes errors and omissions insurance (malpractice insurance) for attorneys and title companies. If you know an attorney or title company, an introduction to Sam would be most appreciated, at [email protected] or www.AttorneysFirst.com. Whether you want to use bitcoin to become debt free, or you're already debt free and looking at bitcoin as an investment, please get my latest book, for free, at www.ShawnMYesner.com/BecomeDebtFree

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