The Crypto 101 Show

The question "are cryptocurrencies safe?", is a relatively tricky question to answer. There are a few components that go into this. There are the coins themselves, the blockchain that they are secured with, the exchanges people store them on and purchase them through and also the transactions people can purchase goods, services and products with. So let's break this down into coins, blockchain, exchanges and transactions to get a better idea of what is safe.
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 helps you gain a better grasp with it. Please remember to share, follow and subscribe for future episodes so you can gain more with your crypto knowledge. Thanks for listening and see you next time.
Coins, blockchain, bitcoin, exchanges, crypto, cryptocurrencies, money, safe, security, secure, transactions.

How is cryptocurrency worth anything? How does cryptocurrency have value?
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 questions, “how is cryptocurrency worth anything?”, or “what actual value does cryptocurrency have?” come up all the time. I am not here to convince anyone what has value but I am here to explain the thought process and idea of how it gets its value. Like any currency, cryptocurrencies gain their value based on the scale of community involvement (like the user demand, scarcity or coin’s utility).
Successful currencies have six key attributes—scarcity, divisibility, utility, transportability, durability, and their ability to not be counterfeited. An example of a good store of value commodity would be precious metals like gold or silver because their shelf lives are essentially perpetual or never ending. An example of something with a bad store of value would be milk because it will decay and become worthless.
Knowing those key attributes let's use the cryptocurrency bitcoin as an example. It has value because it holds up very well when it comes to these six characteristics. Let’s breakdown bitcoin into those 6 key attributes a little further.

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. This episode is specifically about why cryptocurrency was created. Satoshi Nakamoto wrote “The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.”
I am not even going to sugar coat this answer or make you listen to the whole episode to get this answer. I will give it to you straight. The main purpose of cryptocurrency was to create a new way of payment that could be used internationally and globally, it could be decentralized, without having any financial institution behind it, and have a set limited supply of it where no extra currency could be printed or created. So let’s break this down a bit further. We need to kind of understand how the current financial system works to get a more in depth answer and a little history of it all too.
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This is the beginning of your education for cryptocurrency. The 101's of it. It's to help you be ahead of the game and understand the new power structure of money, how important it is with the future, why and what you should know, and how it's the next generation dominance in the financial markets. The 101’s of crypto.
Before we start I would like to thank you for listening. This is not financial advice so If you're looking for that this isn't the place for you. The point of this show is for people of all generations, all backgrounds, and all walks of life to get educated in all things cryptocurrency. It’s short, sweet, to the point and condensed down into an easier to digest concept. It’s the 101’s of crypto. So welcome and please remember to subscribe, follow and share if you find this useful. Okay, on that note let's begin.
Cryptocurrencies have been here for over a decade but are still relatively new and what you are seeing is the ground floor level being built of a new financial system. It’s never too late to understand it and I think it’s important you made the initiative to be here and learn. I spent the last 4 to 5 years doing my own learning and I find many people asking me questions that require a solid foundation of understanding the basics first. But I don’t want people thinking I am here to lecture you or tell you my opinions on it. This is strictly for you to understand it all. It takes a bit of time but it’s really not that complex. I promise, if I can understand it, so can you. And I will try to explain as basic as I can. But I think this is important for people to start understanding it.

So let’s start from the beginning, Let’s break out some terms first for you to grasp before diving straight in. I am going through these because they will be the foundation of understanding cryptocurrency. These terms will be used over and over and over again and the more you understand them the easier it gets. And don’t worry if you don’t remember all of these. Just hearing them more and more will help. This is a marathon not a sprint. So let’s jump in.

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Welcome to The Crypto 101 Show, the best place to learn, understand, and grow with your cryptocurrency education for all ages. Starting with the basics to help you get a solid foundation with all things crypto.

The point of this podcast isn't to make you rich. It's to help you be ahead of the game and understand the new power structure of money, how important it is with the future, why and what you should know, and how it's the next generation dominance in the financial markets. The 101’s of crypto.