Strawberry Letter

Financial Education: She initially lost money in a scam but educated herself in digital currency.


Listen Later

Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Michelle Lilly.

A cryptocurrency and blockchain educator and entrepreneur. Here's a summary of the key points discussed:

🎙️ Main Themes and Highlights Michelle Lilly’s Background

  • Entered the cryptocurrency space in 2017.
  • Initially lost money in a scam but used the experience to educate herself.
  • Became the first African-American woman with a master’s degree in blockchain and digital currency from the University of Nicosia.

Understanding Cryptocurrency

  • Bitcoin is described as a protocol, not just a currency—used for value storage and transfer.
  • Ethereum is highlighted for its smart contract capabilities and utility.
  • Cryptocurrencies are a hybrid between stock and currency—they have utility like stock and liquidity like currency.

Why Bitcoin Has Value

  • Scarcity: Only 21 million Bitcoins will ever exist.
  • Deflationary: Bitcoin undergoes a “halving” every four years, reducing the rate of new coins.
  • Decentralization: Not controlled by any central authority, making it secure and transparent.

NFTs and the Metaverse

  • NFTs (Non-Fungible Tokens) are unique digital assets, often used for art and music.
  • Artists can sell directly to consumers and earn royalties on resales.
  • The metaverse is explained as a 3D version of the internet (Web 3.0), where users can own digital land and assets.

Empowering Underserved Communities

  • Michelle emphasizes the importance of African-American and female participation in crypto and blockchain.
  • Encourages people to educate themselves and not wait for permission to participate in new financial systems.

Practical Advice

  • You don’t need a lot of money to start investing in crypto.
  • Understanding the current financial system is just as important as learning about the new one.
  • Consistency, self-awareness, and openness to criticism are key to success.

#SHMS #STRAW #BEST

See omnystudio.com/listener for privacy information.

...more
View all episodesView all episodes
Download on the App Store

Strawberry LetterBy iHeartPodcasts

  • 4.5
  • 4.5
  • 4.5
  • 4.5
  • 4.5

4.5

1,645 ratings


More shows like Strawberry Letter

View all
Angela Yee's Lip Service by iHeartPodcasts

Angela Yee's Lip Service

4,099 Listeners

CockTales: Dirty Discussions by Kiki Said So & Medinah Monroe

CockTales: Dirty Discussions

3,182 Listeners

The Steve Harvey Morning Show by iHeartPodcasts

The Steve Harvey Morning Show

2,341 Listeners

The Breakfast Club by iHeartPodcasts

The Breakfast Club

14,283 Listeners

Run That Prank by iHeartPodcasts

Run That Prank

1,401 Listeners

THE JASON LEE PODCAST by The Jason Lee Show

THE JASON LEE PODCAST

1,437 Listeners

Pour Minds Podcast by The Black Effect and iHeartPodcasts

Pour Minds Podcast

2,942 Listeners

Ellis Ever After by iHeartPodcasts

Ellis Ever After

16,301 Listeners

Carefully Reckless by The Black Effect and iHeartPodcasts

Carefully Reckless

3,445 Listeners

We Talk Back by The Black Effect and iHeartPodcasts

We Talk Back

737 Listeners

Rickey Smiley Morning Show Podcast by Urban One

Rickey Smiley Morning Show Podcast

480 Listeners

Way Up With Angela Yee by iHeartPodcasts

Way Up With Angela Yee

353 Listeners

The Jamal Bryant Podcast "Let's Be Clear" by Jamal Bryant

The Jamal Bryant Podcast "Let's Be Clear"

224 Listeners

The D.L. Hughley Show by Urban One Podcast Network

The D.L. Hughley Show

160 Listeners

The Latest with Loren LoRosa by The Black Effect and iHeartPodcasts

The Latest with Loren LoRosa

254 Listeners