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.” - Nick Spanos

(click to tweet)

This past week Bitcoin dropped below $10,000.

What do we make of this news? Is it time to panic or is this just the market testing the validity of cryptocurrency again? Regardless of your opinion, the undeniable truth is that non-technical crypto investors are unable to analyze the fundamentals due to lack of relevant information.

That is why on today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are taking a moment to recap the highlights from this week. From Shawn Owen’s explanation of his token SALT to Reeve Collins sharing his vision for BLOCKv, this week had many different crypto perspectives coming to the table. Tune in today to add a new lens to your current perspective.

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!

“EOS is what’s going to bring around the infrastructure of Blockchain 3.0, the instant and free transactions.” - Reeve Collins

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Points to Keep In Mind

• Monero is the most well-established privacy coin
• • Less market volatility
  • Well-established development team
• Siacoin competes with enterprise storage solutions
• RaiBlocks (XRB) has more transactions in the long-run than Ripple (XRP)
• Verge’s Wraith Protocol doesn’t address a public need
• Bitcoin Cash tends to perform worse when Bitcoin goes up  
• 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
• Think of BLOCKv as having the power to turn the toys in Happy Meals into digital, unique goods
• zap.org brings real-world data into the blockchain
• Centralized information organizes the world but corrupts by putting too much power in the hands of the decision-makers
• Monero is a privacy cryptocurrency that protects you from others seeing your balance
• Recent study showed that if you make a PayPal payment, your information goes to 600 people
• The NSA gets everything you’re doing
• When you pay someone with Bitcoin, they can see what your Bitcoin balance is
• • This is great for crypto criminals
• Dangers with non-technical people seeking SEO-driven advice
• Need to wrap your head around crypto before investing
• When beginning out, either buy Bitcoin and/or Ethereum
• Use Coinbase as your exchange to buy/sell
• 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
• Right now, there is $1 billion requested in SALT Lendings

 

“We believe privacy is a basic human right. And if you believe your transactions shouldn’t reveal the balance of your bank account, then Monero is the thing for you.” - Fluffy Pony

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When you pay someone with Bitcoin, the recipient can see your balance.

This is the unfortunate reality that comes with the public ledger. Crypto criminals can infiltrate the network by garnering payment and seeing net worths to seek out. However, the privacy coins like Monero prevent this from happening by nesting your balance outside of the people’s view.

On today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are joined by Fluffy Pony of Monero to discuss privacy. Monero is a privacy cryptocurrency that protects your balance from others’ view. Tune in to learn Fluffy Pony’s take on the cryptocurrency space, and if we’re headed to what many are calling The Blockchain Utopia.

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!

“Your wealth is revealed through traceable currencies. When you pay someone with Bitcoin, they can see what your Bitcoin balance is.” - Fluffy Pony

(click to tweet)

Points to Keep In Mind

• Monero is a privacy cryptocurrency that protects you from others seeing your balance
• Recent study showed that if you make a PayPal payment, your information goes to 600 people
• The NSA has access to everything you’re doing
• When you pay someone with Bitcoin, they can see what your Bitcoin balance is
• • This is great for crypto criminals
• Hard to imagine a world peace from blockchain technology because
• • People out there with bigger tanks and guns than any blockchain developer
• Dangers with non-technical people seeking SEO-driven advice
• $1 billion market cap on coins with just a white paper

 

“We are down on Verge. The development of Wraith Protocol doesn’t address a public need.” - Alex Cho

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Every day a new coin is in the limelight.

First, it’s Ripple, then it’s Verge. What will it be next? To stay on top of the ball requires tracking the limelight. In doing this, you will develop a sense of the pattern and know which coin is next on the list before everyone else.

On today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are discussing what to look for inside each token. By taking crypto expert Alex Cho through a speed round, we can see how he deciphers the true crypto players from the rest of the competition.

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!

“Main reason I’m so-so on Bitcoin Cash is it tends to perform worse when Bitcoin goes up.” - Alex Cho

(click to tweet)

Points to Keep In Mind

• Monero is the most well-established privacy coin
• • Less market volatility
  • Well-established development team
• Siacoin competes with enterprise storage solutions
• RaiBlocks (XRB) has more transactions in the long-run than Ripple (XRP)
• Verge’s Wraith Protocol doesn’t address a public need
• Bitcoin Cash tends to perform worse when Bitcoin goes up

“EOS is what’s going to bring around the infrastructure of Blockchain 3.0, the instant and free transactions.” - Reeve Collins

(click to tweet)

Listen to the CEO of any crypto company.

To hold that position right now means you have front-row seats to the cryptocurrency space. With that vantage point comes a special type of information about how the crypto world is moving. We must give that perspective the extra attention it deserves because it’s derived from a place of true personal experience.

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 all things crypto-related to embed a CEO level knowledge into your mind’s framework.

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 what Bitcoin or any token is, it’s a digital good.” - Reeve Collins

(click to tweet)

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
• Think of BLOCKv as having the power to turn the toys in Happy Meals into digital, unique goods
• The next step for cryptocurrency is creating a global intention
• EOS is what’s going to bring around the infrastructure of Blockchain 3.0, the instant and free transactions

“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

(click to tweet)

Every crypto has a unique angle.

And it is our job as investors to predict whether or not that angle will be valuable in the future. To accurately do this requires understanding both the micro and macro trends. And when it comes to cryptocurrency, there is no greater macro trend than the fact that Bitcoin and other crypto assets will eventually take over all currency.

That is why on today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are joined by Shawn Owen, Cofounder of SALT. 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 the 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!

“Every state requires a different lending license. So we follow all applicable laws before lending to anyone.” - Shawn Owen

(click to tweet)

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
• Right now, there is $1 billion requested in SALT Lendings
• There are several different methods to lend through SALT (ex: you can underwrite)
• Banks aren’t ready to integrate with crypto lending platforms due to technological inefficiencies
• SALT only loans against Bitcoin and Ethereum

“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.” - Nick Spanos

(click to tweet)

Blockchain technology is the new Internet.

But it’s potential is far greater. By decentralizing systems through the open ledger, we can eliminate trust from human transactions. The individual will become the most enlightened consumer in economic history, and the people will host the power away from the third-party institutions who currently hold it.

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!

“We are building autonomous systems and autonomous assets. It’s a brave new world.” - Nick Spanos

(click to tweet)

Points to Keep In Mind

• The development of the blockchain is the first time a trust-network has been created
• • No longer do we need third parties/intermediaries
• We are building autonomous systems and autonomous assets
• Ripple is trying to disrupt bank transfers
• Blockchain will distribute authority into self-governing regions
• zap.org brings real-world data into the blockchain
• Centralized information organizes the world but corrupts by putting too much power in the hands of the decision-makers

“Siacoin is going to totally remove the need for Amazon web servers while being tons and tons cheaper.” - Jai Bhavani

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Crypto investing is not a get-rich-quick play.

Contrary to popular belief, to do crypto investing right requires hours of extensive research, education, and commitment. The investor who sweats the most earns the most. This is unlike other markets out there where the sure-fire profitable plays exist. But here, the best crypto investors are the ones who understand the whole landscape.

That is why on today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are taking a moment to recap the highlights from this week. From Amith Nirgunarthy’s wallet advice to Trevor Koverko’s pitch on Polymath to Jai Bhavani’s top alt coins, the range of insight will help us take our crypto investing game to new heights.

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!

“With your key, do not expose that to anyone or lose it. Because if you lose it, you’ve lost your Bitcoin.” - Amith Nirgunarthy

(click to tweet)

Points to Keep In Mind

• The web initially presented itself in 1994 as a decentralized form of sharing information
• Bitcoin decentralizes the centrally controlled financial system/institution
• Make the goal to be able to “invest intelligently”
• What percentage of your portfolio do you want to allocate to crypto assets
• Invest a minimum of 1% into crypto assets
• And a maximum of 10%; these are the early innings
• • Think about how nobody thought about social media in the early days of the Internet
• Use the wallet that the white paper recommends that you use
• Use Google Trends to get pulse on public’s perception of certain coins
• Siacoin aims to decentralize the cloud storage typically offered by Amazon Web Services (AWS)
• • App developers can spend upwards of $5,000/month on cloud storage
  • According to the terms and agreement, AWS can lok through the contents of your storage; Siacoin would negate this
  • 6x cheaper per byte compared to AWS
• Status is an app store for other apps/cryptos
• There’s a public key (shorter) and private key (longer)
• • Both are sequences of letters (uppercase and lowercase) + numbers
  • Sometimes represented as QR codes for easier admission
  • Don’t ever show this to another person
• With Coinbase, you do not control your private key, meaning the government could take away your Bitcoin if they wanted to
• Toronto is the crypto Silicon Valley; Ethereum was founded in Toronto and made 1,000 millionaires
• Polymath wants to be the Ethereum for security tokens
• • Removes the barriers for you to create a token
• Be honest with your token launch; is it a security, utility, or protocol token

“Then I realized this isn’t just a coin. It’s a platform that promises to be bigger than the Web itself.” - Dave Levine

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Don’t invest with your gut instinct.

In the long-run, this ‘strategy’ has never produced financial gains. The intelligent and methodical investor is the one who comes out on top. He/she reads books and articles, listens to podcasts, and seeks out mentorship in whatever topic it is that they want to become an expert in.

On today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are joined Dave Levine to talk about how to invest intelligently. With his personal business on autopilot making $14 million/year, Dave has committed his entire life to researching and understanding cryptocurrency. His insights are rooted in fact and will undoubtedly help propel us to make the $700,000 he’s made in the past year investing in cryptocurrency.

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!

“Ask yourself what percentage of your portfolio do you want to allocate to crypto assets.” - Dave Levine

(click to tweet)

Points to Keep In Mind

• The web initially presented itself in 1994 as a decentralized form of sharing information
• Bitcoin decentralizes the centrally controlled financial system/institution
• Make the goal to be able to “invest intelligently”
• What percentage of your portfolio do you want to allocate to crypto assets
• Invest a minimum of 1% into crypto assets
• And a maximum of 10%; these are the early innings
• • Think about how nobody thought about social media in the early days of the Internet

 

“The number one key success factor in crypto is not connections, not intelligence, not money. It’s taking action.” - Trevor Koverko

(click to tweet)

It’s no secret that money breeds ego.

And it’s also no secret that ego clouds your vision. So the question becomes: how do you stay humble while getting rich? In the cryptocurrency space, this is particularly important, as many have come upon instant wealth. Using humility as a filter can help you isolate the true crypto players from the fakes, as their vision will tend to be clearer.  

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 fortune in the crypto space, his vision for crypto is beyond the 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 things like the education system can be solved.

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 trick is to find a vertical, find out who is the leader in that vertical, and then bet on them.” - Trevor Koverko

(click to tweet)

Points to Keep In Mind

• To be successful in business/crypto requires being good at 2 things: fundraising and hiring
• Toronto is the crypto Silicon Valley; Ethereum was founded in Toronto and made 1,000 millionaires
• Polymath wants to be the Ethereum for security tokens
• • Removes the barriers for you to create a token
• Look at app stores to see how many blockchains the market can handle (2)
• Evaluate the team when researching a token
• Litecoin is the petri dish to see what technology is successfully experimenting
• Beware of the cult-followers inside the cryptocurrency
• Research Neil Patel’s Capitvate to see decentralized peer-to-peer audience exchange
• Check out Aion for a technology that allows blockchains to talk to each other
• Those who took action have risen with the tide of crypto
• Most of the things that are fixable in our lives are people problems
• Education is the biggest opportunity for crypto
• Try to surround yourself with the humble crypto players
• Crypto is a great way to gain capital for you to run your business

“Substratum is a coin that I’m very bullish on, especially with the news of Net Neutrality coming out.” - Jai Bhavani

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There’s more than just Bitcoin.

Each day a new cryptocurrency is released to the public, and much of the crypto discussion is becoming which of these alt coins deserve our attention. To know requires understanding how the world is moving, and will this coin solve some greater need in the future?

On today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are joined by 16 year-old app developer, Jai Bhavani. His youth is, if anything, an asset to the crypto conversation, as he more than anyone looks at today’s technology equation with the freshest eyes.

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 great thing about Golem, which Google and Amazon are not doing, is that everything is decentralized.” - Jai Bhavani

(click to tweet)

Points to Keep In Mind

• Siacoin aims to decentralize the cloud storage typically offered by Amazon Web Services (AWS)
• • App developers can spend upwards of $5,000/month on cloud storage
  • According to the terms and agreement, AWS can lok through the contents of your storage; Siacoin would negate this
  • 6x cheaper per byte compared to AWS
• Status is an app for other apps/cryptos
• Golem pools together everyone’s computing power to make a supercomputer
• • Nobody can hack into
• BAT (Basic Attention Token) aims to undermine the ad-block industry by paying users to participate in their browser, “The Brave Browser”
• Substratum is aiming to decentralize the web