Wen Lambo Crypto Podcast

“The promise of a decentralized world is how can we have the same benefits we are used to getting from centralized entities, but in a decentralized way where the power remains in the people.”

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All industries are centralized.

To grow and scale, a company or entity must form some sort of governing board that sits at the top of the hierarchy. There, at the top of the pyramid, decisions are made and passed down through the rest of the network. This is how the model has historically worked since the Industrial Revolution, but now blockchain technology aims to change that.

On today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are joined by Nick Spanos. He is the Founder of Bitcoin Center 2013 and Former Director of Contract of Ron Paul 2012. His visionary project zap.org aims to build real-world data into the blockchain. Listen to his insights here to learn about how blockchain technology can change the world.  

This is a snippet from the Tai Lopez’ paid Bitcoin Mentor Mastermind program. To sign up, go to tailopez.com. And 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 of connecting the world, the cost of having access to all the world’s information, is that a handful of corporations end up having all the power.”

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Points to Keep In Mind

• Blockchain will distribute authority into self-governing regions
• The cost of connecting the world is that a handful of corporations end up having all the power
• zap.org brings real-world data into the blockchain
• People can fill the smart contract to reward organizations that push for certain laws to be passed
• The promise of a decentralized world is how can we have the same benefits we are used to getting from centralized entities
• • But in a decentralized way where the power remains in the people
• Centralized information organizes the world but corrupts by putting too much power in the hands of the decision-makers
• The CEOs of Google, Facebook, and Amazon have more power of controlling data than anyone in history

“SALT is the only place you can borrow against your crypto assets to get leverage. This is only the beginning of the tokenization of value.” - Shawn Owen

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Getting a loan is a stressful process.

You have to meet with a bank, fill out the piles of paperwork, and be bound to their outrageous interest rates. But what if there was a way for blockchain to streamline this loan process? SALT Lendings aims to do just this.

And on today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are joined by Cofounder of SALT, Shawn Owen. SALT is a lending platform that allows you to borrow money against your crypto assets. It is the only platform of its kind and currently has over $1 billion in demand. Tune in to hear Shawn’s insights on what SALT will provide to the bigger crypto landscape.

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!

“SALT does accounting and access. We’re putting all of our revenue on a public blockchain.” - Shawn Owen

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Points to Keep In Mind

• SALT allows you to borrow leverage against your crypto assets
• • There’s a tax advantage to this method
• SALT is a store-of-value, similar to an Amazon gift card
• SALT does everything from accounting to access
• All of SALT’s revenue can be accessed on a public blockchain
• You get better rates if you use it as a secondary form of collateral
• Right now, there is $1 billion requested in SALT Lendings

“That’s what BLOCKv is. Expanding beyond the use cases of tokens and blockchains well beyond currencies to digital goods.” - Reeve Collins

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Your brand probably advertises online.

Through a combination of social media channels and SEO, most companies today are spending their marketing budget online. This drives traffic to their site, where they can then convert visitors into paying customers. But what if companies introduced digital currencies that gave potential customers value instead of advertisement?

That is why on today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are joined by Reeve Collins, Co-Founder and CEO of BLOCKv. Reeve’s previous experience includes holding those same two positions at Tether, the first fiat currency platform on the Bitcoin blockchain. Listen to Reeve’s insights about Blockchain 3.0 to learn how to integrate this technology into your company’s vision.

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!

“If you think about a token and add the experience layer, now you can create an entire new economy that’s much richer.” - Reeve Collins

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Points to Keep In Mind

• In 2013, Bitcoin was $100
• Tether was the first fiat currency platform on the Bitcoin blockchain
• BLOCKv expands on the typical use-cases of blockchain technology
• • An example of this is brand advertising
• Ethereum is programmable digital currency, a blockchain 2.0
• Brands spend a lot of money to put a message in front of consumers’ eyes
• Think of BLOCKv as having the power to turn the toys in Happy Meals into digital, unique goods

“Dragonchain says, “Come use the blockchain platform. You don’t need to know the technical side of things. We’ll get you passed that.”

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It used to be you were either a token like Bitcoin or a platform like Ethereum.

But with each day, new crypto technologies are being developed. No longer is the opportunity binary. Companies are finding new spaces and market opportunities to provide value to the crypto investor.

On today’s episode of The Bitcoin Crypto Mentor Mastermind show we discuss the Dragonchain ecosystem. This is Disney’s first step into the crypto space, as they are trying to create a web property that operates as a platform, incubator, and marketplace. Tune in to hear about what Dragonchain has to offer!

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!

“Dragonchain wants to help companies use the blockchain technology and get to the market faster, lower development costs, and heighten security.”

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Points to Keep In Mind

• Dragonchain has 3 features: their platform, incubator, and marketplace
• Dragonchain is in the smart-contract space
• • Competitors: Ethereum, Neo, etc.
• Dragonchain wants to help companies get to the market faster, lower development costs, and heighten security
• They work in multiple languages, so developers can come on board
• Dragonchain connects to AWS (Amazon Web Servers)
• You can fund other ICOs inside the Dragonchain ecosystem
• Dragonchain will have a library of smart-contracts for developers

“Education is the biggest opportunity for crypto. Is Blockchain the catalyst that finally causes change?” - Trevor Koverko

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Most people in crypto don’t know what they’re talking about.

Often times, we find ourselves stuck in circles of conversations where each person is speaking from a place of ignorance. It’s important to recognize these times for what they are, and not fall into the trap of them being our only source of crypto-related content.

On today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are taking a moment to review top highlights from this week’s content. From Trevor Koverko breaking down how blockchain can integrate with the education system to Ben Oberg spelling out his investment strategy, the knowledge-dropping will have you walking away with a new lens on crypto. Listen in to take your current understanding to a whole new dimension.

And 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!

“No offense to Ripple, but is wiring money the thing that’s going to change our world? Where’s the biomedical ICO that makes it so pharmaceutical companies don’t have a monopoly?” - Tai Lopez

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Points to Keep In Mind

• There is greater opportunity in pre existing businesses going on the blockchain
• • They would immediately pass the SEC test for utility
• People overthink the problems in cryptocurrency
• If you look at the top 30-40 market cap coins, they aren’t solving the big problems in the world
• Read Nick Bostrom’s Superintelligence
• • He theorizes the moment of singularity will happen by 2090 when computers surpass humans
• 3 types of artificial intelligence: cyborgs, supercomputers, and collaborative intelligence
• All problems can be solved by collaborative intelligence
• People are continuously moving money into alt coins
• Bitcoin dominance has consistently declined each year
• • That doesn’t mean Bitcoin’s price is falling
• Any new adoption environment attracts wackjobs
• Most of the things that are fixable in our lives are people problems
• Education is the biggest opportunity for crypto
• • This is because the education system is centralized
• Exchanges are difficult to run because you’re holding peoples funds (playing custodian)
• Cryptocurrencies are more than coins; they are digital assets with a specific vision
• Harder to manage and snowball profits when your investment portfolio is spread out
• Research should be about the development team and their past
• Does the coin solve real world coins?
• Syscoin offers an alternative to typical commerce methods
• Have both short-term and long-term profits in mind when investing

“No offense to Ripple, but is wiring money the thing that’s going to change our world? Where’s the biomedical ICO that makes it so pharmaceutical companies don’t have a monopoly?” - Tai Lopez

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The token is just the thing that empowers the network to participate in the technology.

So are you in it for the technology or the prospect of your token rising in price? This is the debate every crypto investor should be having with themselves. Once you become invested in just the profits, you lose sight of the greater blockchain mission, which is a necessary element of participating in this movement.

On today’s episode of The Bitcoin Crypto Mentor Mastermind Show, we are discussing the further applications of blockchain technology. So many people right now are focused on the get-rich quick strategy of holding onto profitable coins, but what about seeking out the technologies that are going to change the world?

And 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!

“If you plug every person’s brain into an open-source blockchain ledger, you’ll solve every problem that haunts us today. Collaborative intelligence is everything.” - Tai Lopez

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Points to Keep In Mind

• Frequency of use is what drives a token to value
• There is greater opportunity in pre existing businesses going on the blockchain
• • They would immediately pass the SEC test for utility
• People overthink the problems in cryptocurrency
• If you look at the top 30-40 market cap coins, they aren’t solving the big problems in the world
• Read Nick Bostrom’s Superintelligence
• • He theorizes the moment of singularity will happen by 2090 when computers surpass humans
• 3 types of artificial intelligence: cyborgs, supercomputers, and collaborative intelligence
• All problems can be solved by collaborative intelligence
• Evolution 101 is what we’re seeing right now with the frothy ICO world
• Gold has $7 trillion, and it has no utility at all

 

“People like to move these assets from the very speculative alt coins back into Bitcoin. If people feel uncertain, they invest in Bitcoin.”

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Think of the cryptocurrency market as a pizza a pie.

As more and more cryptocurrencies are released to the market, the pie grows. More money is being invested in cryptocurrency as a whole. But how much of the pie is a Bitcoin slice? At the end of 2017, when Bitcoin was at it’s all-time high around $20,000, we saw the Bitcoin slice occupying its smallest percentage.

On today’s episode of The Bitcoin Crypto Mentor Mastermind Show, we are discussing Bitcoin dominance. As the price of Bitcoin increases, people gain confidence in cryptocurrency as an asset, and invest in alt coins with their Bitcoin profits. On the flipside, when Bitcoin’s price drops, people hold their Bitcoin.

And 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!

“Bitcoin dominance has consistently declined each year. That doesn’t mean Bitcoin’s price has dropped. It just means people are starting to invest into other assets.”

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Points to Keep In Mind

• Dominant coins appreciate more reliably than alt coins
• People are continuously moving money into alt coins
• Bitcoin dominance has consistently declined each year
• • That doesn’t mean Bitcoin’s price is falling
  • Think of it as a growing pie where money moves to speculatives over alts
• Approximate alt coin percentage of the market cap is: $75 billion
• Bitcoin will likely increase in value, even at the expense of being a smaller chunk of the pie
• People will move their money from Bitcoin into alt coins

“Crypto shouldn’t be perceived as a ‘get-rich’ thing but that’s what’s happening.” - Tai Lopez

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Cryptocurrency has entered an interesting phase.

As the price of Bitcoin continues to fall, more and more coins are released to the public. And the buzz surrounding cryptocurrency seem to be tapering off. So what do we make of these seemingly contrasting trends?

On today’s episode of The Bitcoin Crypto Mentor Mastermind Show, we are joined by multiple panels of experts to discuss the current climate in the cryptocurrency space. From Chase Hero of The Watchers Group to Fluffy Pony of Monero to Chris Sacca of Shark Tank, these panels cover everything from how to get involved in Telegram communities to how to think about ICOs. Tune in to take your crypto game to the next level!

And 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!

“Crypto is financial anarchy on a global scale.”    

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Points to Keep In Mind

• Intelligent people are not passing information in crypto because they are ridiculed by the media
• Some argue that the crypto space is an unprecedented risk-reward ratio
• Reach out to the developers behind the cryptos you invest in
• Cryptocurrency is no different than financial markets in that the richest, most intelligent people skim a layer off the top
• The only way to not be a sucker is to hold
• Check your ego at the door when describing cryptocurrency to another person
• Don’t buy anything that isn’t well research and picked by multiple experts
• Read books about game theory
• Diversification is unsexy in a world built on 1000x returns
• The token should do more than just be a funding source
• ICOs are an evolution of crowdfunding, but it’s allowing immediate liquidity
• Most tokens with ICOs don’t have workable code
• Don’t judge purely by number of people in Telegram channel
• Invest in cryptos in industries that you’re interested in or passionate about
• Only ICO your company if the premise of your business has a logical link to blockchain technology
• Ask yourself: does this need to be on blockchain technology before investing in a crypto
• Platforms over tokens because tokens can be built on top of the platforms
• Because cryptocurrency welcomes all kinds, there is a challenge of personalities
• Look for tokens with high-quality commits on their GitHub repository
• Make content and the people will come to you because there’s so much online buzz
• Be careful of the cryptos that aren’t ICO because they aren’t relying
• The SEC says that 100% of tokens are utility tokens
• Don’t fake it until you make it; actually make it
• Experiment often; your ego will tell you that you don’t need to
• Read Nick Bostrom’s Superintelligence

“Solve the real problems. What are the biggest problems people have? People are depressed, people are anxious, people are broke, people are unhealthy. We need to see more crypto projects in the biomedical industry.” - Tai Lopez

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There are coins other than Bitcoin.

But we are continuously bombarded with the latest news about Bitcoin. With its recent falling price, it’s easy to get caught up in the mass hysteria and forget about the bigger applications of blockchain technology.

On today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are taking a moment to revisit some of the other coins in the conversation. From Monero to QDUM to Tron, today’s conversation has us thinking about the many different applications of blockchain technology.

And 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!

“Monero is the most private coin right now. You can’t tell how many people have it. So it will go up.”    

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Points to Keep In Mind

• Siacoin is like the AirBnB of cloud storage
• Sidechain will make Bitcoin transactions more affordable
• We need to welcome new people to crypto to activate ‘the network effect’
• The downside with Binance is Chinese investigators crack the whip out of nowhere
• As long as Binance is around, it’s smart to invest in Asian currencies
• RaiBlocks (XRP) has a $2.4 billion market cap
• Try to buy when the coin is low volume before it moves sideways
• Tron (TRX) peaked at $13 billion market cap
• • Trying to be an entertainment ecosystem like YouTube but lacks user base
• Litecoin announced a partnership with Monero a few days ago
• Bitcoin Cash and Bitcoin are in a public smearing debate
• Litecoin over Bitcoin Cash because of better press
• Don’t speculate purely on upside potential
• As long as Bitcoin is big, Litecoin will be big too
• Real estate is the biggest market around
• Focus on the team when making crypto investments
• Bitcoin Cash moves in the opposite direction of Bitcoin
• The real trick to diversifying is finding things that are uncorrelated
• Always go after the unsexy businesses/coins
• There’s opportunity for influencer coins (ex: A Kim Kardashian coin that fractionalizes access to her brand/TV show)
• The biggest opportunity in crypto is in the biomedical industry

“Education is the biggest opportunity for crypto. Is Blockchain the catalyst that finally causes change?” - Trevor Koverko

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Incentivization doesn’t exist in education.

The Board of Education is not incentivized to create engaging systems, teachers aren’t incentivized to go above and beyond, and the students themselves aren’t motivated to push their academic progress. Cryptocurrency could change all of this by decentralizing the powers at hand. Suddenly all parties would operate inside an economic exchange that would promote our youth’s intellectual development.

On today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are joined by Trevor Koverko, the founder and CEO of Polymath. While Trevor has made a killing in the crypto space, his vision for blockchain technology is far beyond a get-rich-quick scheme. The technology behind Polymath removes the barrier of entry for people to create their own security token. He sees the future of crypto as one where flawed infrastructures like the education system can be solved.

And 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!

“To be successful in business/crypto requires being good at 2 things: fundraising and hiring. If you can fundraise, you can hire people to do the shit you’re bad at.” - Trevor Koverko

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Points to Keep In Mind

• To be successful in business/crypto requires being good at 2 things: fundraising and hiring
• Learn how to fundraise off just a white paper by distilling complex ideas
• Most HR problems are rooted in keeping the wrong people around
• Any new adoption environment attracts wackjobs
• Most of the things that are fixable in our lives are people problems
• Education is the biggest opportunity for crypto
• • This is because the education system is centralized
• Exchanges are difficult to run because you’re holding peoples funds (playing custodian)
• Polymath has reached the limit of Telegram with 50,000 members
• Try to surround yourself with the humble crypto players
• Crypto is the new way to gain capital for you to run your business
• Bitcoin Cash is the Visa to Bitcoin’s gold