(Originally Posted August 2nd 2023) There are a variety of ways to ‘move’ one currency to another currency or even to a different blockchain. If the cryptocurrency is native to that blockchain then it should be an easy process to simply ‘convert’ one currency to another with no real hassle. But if the desired currency […]
Category: Advice
How Much ‘Ownership’ does an Asset Holder have?
(Originally Posted July 31st 2023) There are a lot of hype people saying ‘You’ll own everything you purchase on the Blockchain with NFTs!” but that isn’t necessarily true. Knowledge on this subject is vital to partaking in this space but knowing the difference between what is ‘owned’ and what is ‘borrowed’ is also important in […]
What is ‘Supply’ and what makes it so important to Crypto?
(Originally Posted July 28th 2023) Cryptocurrencies usually have a set supply limit of liquid currency that is in circulation, beyond utility and useability, that is what is supposed to give it value. Cryptocurrency is inspired by the gold standard system and how it worked with Fiat. The fact that there are only ever going to […]
Knowledge In a Field and Using A.I.
(Originally Posted July 21st 2023) With all the fast-tracking of mundane tasks A.I. offers with the many tools and features being created, it can be easy for workers to see why they might be replaced by an A.I. Generally the A.I. generates an acceptable creation that the prompter can tweak and fine-tune until the creation […]
My Understanding of Cryptocurrency
(Originally Posted July 18th 2023) Cryptocurrency, a digital currency not many actually understand the true purpose of it (not even me!). Lots will say it is an “internet money” that could solve the financial economy, others say it is a store of value, some say it is a way to escape Fiat, and a few […]
Figuring out Web3 and ‘User’ vs ‘Participant’
(Originally Posted July 17th 2023) Web 3 is a platform that offers many opportunities for a participant. Finding what to do is difficult for many if they don’t already have a plan. Some participants engage with dApps, their secondary tokens, and join communities with the main focus being the dApp. Other participants cross post some […]
What Is Cryptocurrency?
Cryptocurrency has become a wider phenomenon than expected. It was originally created as a way to instantly transfer digital funds to ensure the full amount made it to its destination without having to worry about intermediaries holding onto those funds for days at a time for ‘processing’ and taking a cut afterwards before passing it […]
Keeping up with Blockchain and Cryptocurrency
It’s tough keeping up with the many Blockchains and the Cryptocurrencies. Looking up videos on Crypto is mainly users telling you which cryptocurrency they are hoping will quadruple in price and finding news for a specific blockchain can be difficult as many are more connected than one would thinnk. It’s hard to understand what is […]