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In the weeks since the complete implosion of the FTX cryptocurrency exchange, it has become clear that billions of dollars worth of customer funds weren't the only casualty of this disaster. In addition to the massive loss of wealth, the market is flashing big red warning signs that customers' trust in crypto-related institutions has been completel…
 
In a situation that has become far too familiar to cryptocurrency investors, the FTX cryptocurrency exchange recently filed for bankruptcy. As a result, customers have lost around $8 Billion. Although we have become accustomed to failures of cryptocurrency exchanges, FTX stands out because it was supposed to be the "good guy" of crypto. Celebrities…
 
The Solana blockchain narrowly averted another network outage as cloud service provider Hetzner turned off 40% of the nodes with the flip of a switch. The issue isn't unique to Solana, and centralized providers host up to 70% of Ethereum's nodes. Cryptocurrency is built on the premise of decentralized participation, but there are strong economic in…
 
Play-to-earn gaming (P2E) leverages blockchain technology to allow players to earn real-world rewards for simply playing their favorite video games. Play-to-earn gaming sounds like a utopia that pays players for having fun, but could there be a dark side to P2E gaming? In today's post, I'll discuss the controversial theory that it is only possible …
 
Contrary to popular belief, having a limited or fixed supply does not make a cryptocurrency or other asset inherently valuable. Rather, price is determined by both supply AND demand, and assets that are produced in small quantities (limited edition NFTs, deflationary cryptos) can still decline in value if there is no demand. In today's post, we wil…
 
Non Fungible Tokens, also known as NFTs, are a fantastic way of representing assets as we move to an increasingly digital world. Because NFTs leverage the power of blockchain technology and cryptocurrency, it's possible to have an immutable public record of who owns what, but it's also possible to sell and trade assets on decentralized marketplaces…
 
Many cryptocurrency experts recommend keeping your cryptocurrency offline in cold storage for maximum security, but what happens when you do send your crypto to a third-party cryptocurrency exchange? What goes on behind the scenes, and how do cryptocurrency exchanges keep track of who owns what? Just as important, how is it possible to trade on cry…
 
Stablecoins are one of the most fundamental building blocks of the cryptocurrency ecosystem. Without stablecoins, trading on most crypto exchanges would grind to a halt, and DeFi would be incredibly risky. We know that stablecoins are important, but why would a company want to issue a stablecoin? Join me in today's post where we discuss how stablec…
 
After being hacked for around $570 Million, the Binance Smart Chain did what any other self-respecting, decentralized, permissionless, unstoppable blockchain would do...they coordinated with all validators to collectively freeze transactions and halt the blockchain. To the dedicated crypto fan, this action seems neither decentralized nor irreversib…
 
People often say that Decentralized Finance (DeFi) is like "money legos" and that the composability of cryptocurrency is the key to building a new financial future, but what does this mean? In today's post, I'll explain how different DeFi protocols can seamlessly work together to create synergies. We will also take a look at some non-crypto example…
 
What if I told you it was possible to guarantee that you would NEVER sell your Bitcoin for less than $100k regardless of the bear market? Or, what if I told you that even during the next bull run, I could guarantee that you wouldn't pay a penny over $500 for ETH? Although that may sound too good to be true, it's possible to lock in a specific price…
 
With thousands of different cryptocurrencies and hundreds of different blockchains, there are almost limitless ways for crypto investors to put their capital to work earning a return. Unfortunately, not all blockchains have the same level of features, and cryptocurrency users will occasionally want to use a cryptocurrency from one blockchain on a d…
 
As the cryptocurrency bear market continues, many crypto influencers continue to sell their audiences Hopium by promising that they will all eventually profit if they simply continue buying into the market no matter how far the price falls or what bad news we receive. Although I do think it is important to be optimistic and support our favorite cry…
 
Why do some cryptocurrencies charge users high transaction fees to use the blockchain while other cryptocurrencies are "gas-free cryptocurrencies" that don't charge fees for each transaction? Are some cryptocurrencies greedier than others, or could there be a legitimate reason for transaction fees? Join me in today's video as we discuss why transac…
 
Cryptocurrency exchange Binance recently grabbed the news headlines with the announcement that it will automatically convert users' USDP, USDC, and TUSD stablecoins into Binance's proprietary BUSD stablecoin. Critics alleged that Binance was trying to gain an advantage over its competitors that issued the other stablecoins. However, Binance officia…
 
If you're new to cryptocurrency, you may occasionally hear the term "fractional reserve banking" used negatively. Even if you don't understand what fractional reserve baking is, the ominous tone of the podcaster's voice clearly lets you know that crypto is the answer and solution to the dreaded fractional reserve banking. But why is fractional rese…
 
Unfortunately, it seems like we are constantly hearing about "pump and dump" scams in cryptocurrency where a project will create a token out of thin air and promise that it will change the world, empower the poor, and bank the unbanked. With no intention of actually delivering on these promises, the founders offload their cryptocurrency to unwary b…
 
Proof of stake cryptocurrencies such as Solana, Cardano, and ETH 2.0 allow a decentralized network of participants to maintain the integrity of the network by verifying that transactions follow the rules of the blockchain. If we already have a way of governing the network through proof of stake, then why do we need governance tokens? In this post, …
 
A recent feature update on the Cardano blockchain caused a "catastrophic" failure that wiped out over two years of transaction history. Thankfully, this occurred on a test net and although no real funds were lost, this Cardano example brings up a good point that applies to the broader cryptocurrency world. What is a test net, how do they work, and …
 
Since DeFi protocols can't perform credit checks or assess the credit worthiness of borrowers using the same tools of traditional finance, they typically rely on loan over-collateralization to ensure that lenders will be able to receive their funds back. When borrowers' outstanding loan balances exceed their loan collateral value, they are "liquida…
 
I recently watched a video where the host suggested that cryptocurrency was a popular investment because Millennials are lazy investors who are unwilling to follow traditional methods of building wealth such as starting their own businesses. As a millennial and a crypto investor, this statement hit me pretty hard and got me thinking. Do Millennials…
 
People who believed that cryptocurrency is more secure, decentralized, and trustworthy than the existing financial system were in for quite a surprise this week when crypto lending platform Celsius announced that it would temporarily block customers from withdrawing their own funds. Wasn't the entire purpose of crypto to make sure that people were …
 
After witnessing the complete and total annihilation of the Terra ecosystem over the past few weeks, many people are excited about the possibility of a hard fork breathing new life into the Terra ecosystem, revitalizing the project, and hopefully making good on some of the losses that Luna holders suffered.....but what even is a hard fork in the fi…
 
In contrast to other forms of payments, cryptocurrency transactions are not processed sequentially. Rather groups of transactions are bundled into "blocks" that are then processed and added to the blockchain. However, there is a finite limit to how many transactions can fit into each block on the blockchain, and competition to be included in a bloc…
 
The recent collapse of the Terra ecosystem and the Luna cryptocurrency has left many investors holding worthless bags of a failed crypto, and the collapse of the UST stablecoin has shaken the confidence that many crypto investors had in stablecoins. Although I can't get into any coin specific analysis, I do think the collapse of the Terra cryptocur…
 
What's a cryptocurrency token, what's a coin, and does the difference even matter? In today's post, I'll provide a beginner-level overview of the difference between cryptocurrency coins and crypto tokens. To briefly summarize, a coin is the native asset of a blockchain that is used to fuel the blockchain and carry out transactions whereas a token i…
 
https://www.youtube.com/watch?v=nKjti1x_seM Impermanent loss refers to a situation in which a person can "lose" money lending cryptocurrency on DeFi protocols while simultaneously increasing the value of their holdings. In my opinion, impermanent loss is one of the most difficult crypto concepts to understand which is why I made this beginner-level…
 
It was a big week for cryptocurrency with the announcement that the Central African Republic has become the second country to adopt Bitcoin as a national currency. Although that is certainly a cause for celebration among the Bitcoin community, I think this decision has broader implications not just for crypto but the larger international monetary s…
 
NFT games are often thought to be a perfect combination of fun as well as earning potential. In theory, blockchain based NFT games are designed to allow players to have a fun, enjoyable gaming experience while also giving players several ways of earning crypto income. In reality, many NFT games lack even the functionality of 80s era games and are m…
 
For the past two years, my channel has been devoted almost exclusively to crypto content, and I feel that the time has come to return to the roots of the channel by talking about a wide range of topics. Crypto will certainly play a role, but I want to cover more topics as well. In today's post, I'll explain the basics of how to use Google sheets to…
 
As we witness the ongoing war in Ukraine, there are so many lessons to be learned with regards to political strife, conflict, and the struggle for power. Although those issues clearly take center stage, I do think the conflict in Ukraine also has several important lessons that we should keep in mind regarding cryptocurrency, its future, and its use…
 
Michael Saylor is one of the most well known cryptocurrency advocates. Thanks to his bold move of investing in BTC, his company earned a hefty reward, and Saylor has been able to use this success to showcase the merits of crypto. Although I tend to agree with most of his comments regarding cryptocurrency, I think that the recent Canadian Trucker Pr…
 
Although a cryptocurrency whitepaper and a cryptocurrency roadmap are both tools that can be used to learn more about a cryptocurrency and understand its purpose, some people want to dive into the specific details and understand the differences between these two documents. In this post, I'll answer a viewer question and describe what a cryptocurren…
 
Staking and lending are both ways of earning additional passive cryptocurrency income and many beginners can easily confuse the two. Although staking and lending are similar in that they allow users to earn additional crypto, they differ in several important ways including risks, benefits, and utility. In this post, I'll give a beginner's overview …
 
If you're new to cryptocurrency, you might have heard that cryptocurrency is a type of "digital asset" that doesn't exist in physical form and should be stored in a cryptocurrency wallet. However, the term "wallet" can be a bit confusing in that even a cryptocurrency "wallet" doesn't actually store cryptocurrency at all and there is absolutely zero…
 
Web 3.0 has become a popular buzzword in the cryptosphere lately, but what is Web 3.0? How does Web 3.0 differ from Web 1.0 or Web 2.0 and what role do cryptocurrencies and blockchains play in the future of the internet known as Web 3.0? Lastly, what are purported benefits, as well as criticisms, of Web 3.0? I’ll do my best to provide a beginner’s …
 
Play to earn, sometimes called P2E is a form of online gaming in which users are rewarded with cryptocurrency (and sometimes nfts) for playing various cryptocurrency games. Although it is certainly possible to monetize traditional gaming by becoming a streamer or getting sponsorships, play to earn gaming is different in that the use of cryptocurren…
 
Rugpulls, pump and dumps, and fake mining websites are all popular cryptocurrency scams that await unwary crypto investors in 2022. In this post, I’ll explain how some of the most popular cryptocurrency scams work, why people fall for them, and how you can protect your cryptocurrency in 2022. #crypto #cryptoscam #bitcoin…
 
After Facebook (Meta) announced its rebranding strategy back in October 2021, the term metaverse exploded in popularity, and many metaverse related cryptocurrencies such as the Sandbox's Sand token and Decentraland's Mana token experienced significant price spikes as the concept of an immersive digital experienced the mainstream consciousness. In t…
 
Cryptocurrency can either be stored with a third party custodian for safekeeping or stored in a wallet that you take sole responsibility for. Each method of storing cryptocurrency has its advantages and disadvantages, so in today's post, I'll explain the differences between keeping your cryptocurrency with a third party custodian vs keeping it your…
 
The WAX blockchain requires users to stake WAX tokens in order to carry out transactions, but did you know that once you have staked WAX tokens, you can easily use them to vote for WAX block producers and earn a bit of passive cryptocurrency income? In this post, I will describe how to stake/vote on WAX as well as how to claim you rewards and some …
 
Understanding cryptocurrency liquidity is an important skill for new cryptocurrency traders, and in this video I want to explain what liquidity means, how liquidity can affect your cryptocurrency trading strategy, and compare a few high liquidity coins like Ethereum and Bitcoin to lower liquidity coins to highlight the importance of liquidity in cr…
 
The WAX cryptocurrency blockchain requires users to have adequate amounts of CPU, NET, and RAM to process transactions on the WAX blockchain. In this video, I will show you how RAM, NET, and CPU work on the WAX blockchain and how to purchase RAM, NET, and CPU with WAXP cryptocurrency tokens. Lastly, I will show you how to stake and unstake WAXP tok…
 
IPFS is a "peer-to-peer hypermedia protocol designed to make the web faster, safer, and more open." Although IPFS isn't strictly blockchain-based, it does embody many of the core principles of blockchain including decentralization, distributed nodes, and data permanence. Although IPFS itself isn't a blockchain, it has many blockchain applications a…
 
One of the most well known blockchain attacks is the 51% attack. In a 51% attack, a malicious actor is able to control more than 50% of the hashing power and temporarily control the network for their benefit. Due to the way that Proof of Work systems operate, an individual (or coalition) with 51% hashing power could disrupt the block creation proce…
 
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