The Crypto 101 Show

Episode 15 - How do new types of cryptocurrency coins get created? (And how coins and tokens differ).
I need to start off by saying this is not financial advice so if you are looking for that this show isn’t for you. The content of this podcast episode is for informational purposes only. The opinions expressed here are not meant to be taken as financial, investment, or any other advice.
When a new cryptocurrency gets created there’s a lot of technical lingo and know-how involved. And I am not talking about how a new Bitcoin coin gets mined, I am talking about how a completely new coin with an entirely different name gets created. I have had a few people ask this question and I was at first hesitant to do an episode this early in about it. But ultimately decided it would be good to get your feet wet with a bit of the crypto and development jargon associated with it as well as showing you how coins and tokens differ. So let’s first start with the coins and tokens first and then we will take a quick look at the 8 steps to making a new cryptocurrency coin.

I need to start off by saying this is not financial advice so if you are looking for that this show isn’t for you. The content of this podcast episode is for informational purposes only. The opinions expressed here are not meant to be taken as financial, investment, or any other advice.
White papers have come to be known as an essential part of creating a new blockchain project or cryptocurrency. Investors, businesspeople, and developers expect to see this document that explains what problem the project solves and how it does so. A simplified definition of a White Paper is a document released by a crypto project that gives investors technical information about its concept, and a roadmap for how it plans to grow and succeed.
But white papers didn’t originate with cryptocurrency or even with businesses for that matter. Let’s take a quick look back at how they started and why they have come to be important. The term originated when government papers were coded by color to indicate distribution, and white was designated for public access. This is why white papers are used in politics and business, as well as in technical fields like cryptocurrency, to educate readers and help people make decisions.

Your Chapter 2 - More terms, ideas & teachings of cryptocurrency, and a hard lesson I had to learn.
I need to start off by saying this is not financial advice so if you are looking for that this show isn’t for you. The content of this podcast episode is for informational purposes only. The opinions expressed here are not meant to be taken as financial, investment, or any other advice.
Welcome to your “chapter 2” of your cryptocurrency experience. I want to say thanks from the bottom of my heart for listening so far and I hope the episodes have truly helped and you keep coming back for more. You’ve all been doing a great job so far. And I can tell many of you have been sharing this podcast which is fantastic. The whole point to this podcast is for people to get educated in all things crypto purely because cryptocurrency isn’t going anywhere. I have tried very hard to consolidate a lot of information into shorter segments almost like cliffsnotes for you. I think this is (for me at least) easier to understand. Too much information can overwhelm many of us. So I hope this style of learning helps most of you. If you just found this show and are completely new please start with the first episode of the podcast. It doesn’t do you any good to get confused and the process will be much easier starting from the beginning. With that out of the way let’s get started.
We’re going to start with more terms that I think are important, 12 to be exact. These terms come up quite a bit in the crypto community and I think they are some of the more crucial ones to start understanding as you progress. It’s okay if you don’t remember these the first time around but the more you hear them the more you’ll understand them.
1. Microeconomics “The Bottom-up Approach”
2. Macroeconomics “The Top Down Approach”
3. POW - Proof of work
4. POS - Proof of stake
5. Arbitrage
6. ATH - All Time High
7. Bear or Bearish
8. Bull or Bullish
9. Consensus
10. Private Key
11. Public Key
12. Whale
Now let’s go through each term more in depth.

Episode 11 - How do I start purchasing or investing in cryptocurrency?
I need to start off by saying this is not financial advice so if you are looking for that this show isn’t for you. The content of this podcast episode is for informational purposes only. The opinions expressed here are not meant to be taken as financial, investment, or any other advice.
This is one of the top questions often asked by beginners interested in cryptocurrency. Before we dive into how to purchase or invest in cryptocurrency, it’s important to understand that there are good reasons to purchase or invest in crypto, and there are bad reasons. Remember for every person who made an overnight fortune trading crypto, there are many countless others who lost their entire life’s savings or at least quite a large amount of money, so if you’re not willing or able to tolerate high-risk and extremely volatile investments with the potential for high rewards or high losses, then cryptocurrency purchasing or investing may not be for you. This is my warning for you as a beginner. This isn’t to scare you but to be honest with you.
I have said this before in prior episodes only put it in what you are willing to lose. I cannot stress this enough. However, if you are genuinely curious about the possibility of cryptocurrencies forever changing the way we deal with finances, and are wanting to learn and you are able to manage the risk, then listen on.
It really comes down to 4 steps when purchasing or investing into cryptocurrency.

Cryptocurrency can sometimes seem like the Wild West of the financial market. It can get really attractive with the glittery gains, the cool names of coins, and the mysteriousness of it all. Newbies in the crypto market often tend to play the same moves as the experienced traders or crypto gurus without any understanding of it. People have made a lot of money from cryptocurrency and people have lost a lot of money from it. There’s a great quote and piece of wisdom I will share with you “A smart person learns from his mistakes, but a truly wise person learns from the mistakes of others.” I wanted to do this specific show not only to build your confidence but also to share the struggles. So let’s dive in to the crypto mistakes beginners make.

Is cryptocurrency inflationary or deflationary and what does this mean?
I need to start off by saying this is not financial advice so if you are looking for that this show isn’t for you. The content of this podcast episode is for informational purposes only. The opinions expressed here are not meant to be taken as financial, investment, or any other advice.
I know this is a boring topic but I think it’s important to touch on this as a newby getting into crypto. In the world of cryptocurrency you will hear the terms inflation or inflationary and deflation or deflationary. Let’s define these 2 terms and then dig deeper into what this means for crypto.

What are the fundamentals of cryptocurrency?
I need to start off by saying this is not financial advice so if you are looking for that this show isn’t for you. The content of this podcast episode is for informational purposes only. The opinions expressed here are not meant to be taken as financial, investment, or any other advice. I really wanted to touch on this topic. This is probably a little advanced for basics but I felt it was helpful to understand this part when digging further into the cryptocurrency markets and how all of this starts to work.
So far in the episodes of the Crypto 101 show you’ve learned what cryptocurrency is, including key terms and basics, why cryptocurrency was created, including a brief history of it, how cryptocurrency is worth anything including its store of value, and if they are safe and defining the difference of being safe to purchase versus safe as an investment. So I think it’s good to start talking a little about the fundamentals of cryptocurrency.
The term ‘fundamentals’ literally means — a foundation, a basis — from which you use to understand something. Investors use what is called foundation analysis which is how they establish the "intrinsic value" or objective calculation of an asset or business. They can look at a number of internal and external factors, and the main goal is to determine whether the said asset or business is overvalued or undervalued. They can then leverage that information to strategically enter or exit positions of the asset. This should not be confused with technical analysis which is financial analysis that uses patterns in market data to identify trends and make predictions. Being able to separate the market price from the "true" value of a network is an excellent skill to have when trading.
The problem is cryptocurrency networks can't really be assessed through the same lens as traditional fundamental analysis.The fundamental beliefs of currencies are typically units of measurement, stores of value and mediums of exchange. I want to clarify here there’s different outcomes for what you choose to do with cryptocurrency. Do you choose to hold or “HODL” your cryptocurrencies or do you choose to trade it with riding the peaks and valleys? These fundamentals can be different depending on your outcome. Also each coin is different from the next.
Crypto fundamental analysis involves taking a deep dive into the available information about a financial asset. For instance, you might look at its use cases, the amount of people using it, or the team behind the project. Your goal is to reach a conclusion on whether the asset is overvalued or undervalued. The concept of fundamental analysis is simple: if you see a coin with a value that isn’t proportional to its price, it may be worth looking into. The challenge with fundamental analysis is identifying projects with high potential. And to accurately determine their future value, you’ll need to do a lot of research. So let’s break down the 5 basic fundamentals you should at least look at.

What is DeFi or Decentralized Finance? An intro to DeFi -
I need to start off by saying this is not financial advice so if you are looking for that this show isn’t for you. The content of this podcast episode is for informational purposes only. The opinions expressed here are not meant to be taken as financial, investment, or any other advice.
Right off the bat DeFi or decentralized finance is the competitor to traditional banking and provides new financial instruments that are a mirror of their traditional finance counterparts. DeFI is making its way into a wide variety of simple and complex financial transactions. It’s powered by decentralized apps called “dapps,” or other programs called “protocols.” Dapps and protocols handle transactions in the two main cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH).
We've discussed in previous episodes the difference between centralized and decentralized. Centralized meaning that there is a central point and decentralized meaning there’s no central point of the network and it’s spread over different nodes. DeFi is short for “decentralized finance,” an umbrella term for a variety of financial applications and encompasses so much of the cryptocurrency world. DeFi can be used for lending, borrowing, insurance, asset management, etc. These are perfect examples of the capabilities of a decentralized ecosystem.
In its simplest form, DeFi is a blockchain-based financial infrastructure, and generally refers to a collection of protocols built on a public smart contract platform such as Ethereum. DeFi is based on decentralized applications (DApps) and open protocols, instead of requiring brokers such as brokerage firms or centralized administrators such as banks. Let's also see the advantages and disadvantages of DeFi.
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What are stablecoins, altcoins and Bitcoin and what are the differences between them?
I need to start off by saying this is not financial advice so if you are looking for that this show isn’t for you. The content of this podcast episode is for informational purposes only. The opinions expressed here are not meant to be taken as financial, investment, or any other advice. Navigating the world of cryptocurrency can get confusing with all the technical jargon and can get overwhelming with a bit of a steep learning curve. There’s a lot for newcomers to take in with all of it. One of the most important things you need to know is the differences and similarities between Bitcoin, altcoins and stablecoins. Underneath the umbrella of “Cryptocurrency” all 3 of these branches fit. So let’s take a look at each of them.
I want to be extremely upfront that I try my best to leave all of my opinions out of this. I want you to gain your own understanding and beliefs and not be persuaded by me. I hope this helped you gain a better grasp of it. Please remember to share, follow and subscribe for future episodes so you can gain more with your crypto knowledge. Thanks for listening.

An intro to crypto wallets and buying, selling, receiving or sending cryptocurrency coins -
So far in the first 4 episodes of the Crypto 101 show you’ve learned what cryptocurrency is, including key terms and what crypto is, why cryptocurrency was created, including a brief history of it, how cryptocurrency is worth anything including its store of value, and if they are safe and defining the difference of being safe to purchase versus safe as an investment. In this episode I want to explain how one would purchase. receive or send different crypto coins or tokens and a basic understanding of types of wallets and how they work.
There’s 3 different ways to exchange for coins or receive and send coins and tokens. There’s purchasing crypto through a coin exchange, there’s getting certain coins at specialized ATMs, and the last way is through peer-to-peer exchanges. With all of these options you will automatically need a crypto wallet, that goes for any crypto transaction period. So let’s give you an intro to crypto wallets first.
Before you can even purchase or exchange any cryptocurrency you will need a crypto wallet. A crypto wallet is a piece of software that enables you to send and receive cryptocurrencies. When you want to acquire cryptocurrency, whether by purchasing it in a currency exchange or receiving or sending it, you direct the sender to a unique cryptographic address which is issued by the wallet. Wallets can be used to store multiple tokens and coins at once. But it’s important to keep in mind most wallets will only support a limited number of cryptocurrencies.