“The U.S. Dollar has lost 99.2% of its value over the last 200 years because of inflation and mismanagement. That’s impossible with cryptocurrency.”

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Understanding cryptocurrency requires seeking out a range of resources.

From the expert traders to the research analysts, gathering insight from as many different people as possible is the only way to go. Otherwise your outlook will be limited and you won’t be able to see the full picture.

On today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are doing this by meeting up with anonymous crypto-expert “Virtual Growth” to discuss all things crypto-related. Virtual Growth has been called a crypto god by many people, and his expertise is something that cannot be denied.

Don’t forget! You can also listen to The Bitcoin Crypto Mentor Mastermind Show on Spotify! Click “Follow” and let me know what you think!

“The cost to run a Bitcoin or Ethereum transaction is higher than the average electricity bill of a U.S. home. Proof-of-work is too expensive to run. Delegated proof-of-stake is the future.” - Virtual Growth

(click to tweet)

Points to Keep In Mind

• Most of the blockchains aren’t doing anything in the real world yet
• The U.S. Dollar has lost 99.2% of its value over the last 200 years because of inflation and mismanagement
• Oilcoin is a crypto that allows you to share the value of a barrel of oil with
• Most crypto teams take too long to ship products
• Ethereum can only handle 15 transactions/second
• Bitcoin Cash solves speed issues but is partly centralized
• Ripple’s product is not XRP, it’s called X Current
• • XRP was just a token created to raise funds, this poses a problem
• Delegated proof-of-stake allows network to vote out witnesses
• Ethereum should fork to a proof-of-stake
• Fear is based on not understanding something
• Understand technical analysis when trading
• Liquidity is very important, beware of smaller altcoins with little liquidity
• Seek out Eos, Steem, Dash