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Uplift: She emphasizes the importance of African American and female participation in crypto and blockchain.
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
Support the show: https://www.steveharveyfm.com/
See omnystudio.com/listener for privacy information.
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By iHeartPodcastsTwo-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
Support the show: https://www.steveharveyfm.com/
See omnystudio.com/listener for privacy information.