BROADCASTS.com

b'

Andreas Antonopoulos. He\\u2019s a technologist and serial entrepreneur. He has become one of the most well-known and well respected in bitcoin. He\\u2019s the author of Mastering Bitcoin, published by O\\u2019Reilly Media. Andreas is also considered the best technical guide in bitcoin and The Internet of Money\\u2014another term that he coined\\u2014is his book about why bitcoins matter.

Famous Five:

• Favorite Book? \\u2013 Digital Gold
• What CEO do you follow? \\u2013 N/A
• Favorite online tool? \\u2014 Trello
• How many hours of sleep do you get?\\u2014 8
• If you could let your 20-year old self, know one thing, what would it be? \\u2013 \\u201cWhat you\\u2019re worrying about is really not worth worrying about, just go for it\\u201d

\\xa0

Time Stamped Show Notes:

• 01:50 \\u2013 Nathan introduces Andreas to the show
• 03:17 \\u2013 Cryptocurrency is still volatile
• 03:20 \\u2013 Most ICOs nowadays still converts 60-80% of funds
• 04:00 \\u2013 There\\u2019s no single system in crypto
  • 04:21 \\u2013 Andreas thinks that it isn\\u2019t the matter of ideology, but a matter of being a rational actor
• 04:48 \\u2013 From a regulatory perspective, Andreas foresees that more than 90% of the ICOs will fail
  • 05:00 \\u2013 Founders get rich because of the investors not doing much to evaluate the ICOs
  • 05:20 \\u2013 There\\u2019s a lot of immature products coming to ICOs
  • 05:47 \\u2013 The cycle will just burn through a lot of money
• 06:12 \\u2013 Andreas isn\\u2019t involved in any ICOs and he\\u2019s actually against investing in them
• 06:50 \\u2013 ICOs can be seen as another space for crowd funding which bridges the gap between angel investment and VC
  • 07:15 \\u2013 At this time, there\\u2019s a lot of risk in ICO
• 07:44 \\u2013 Cryptocurrency is the application of networks and market economics to the flow of money internationally
  • 07:50 \\u2013 Just like the internet was the application of a flat network system to communication around the world
  • 08:23 \\u2013 It is a system that doesn\\u2019t belong to any company or to any one person
  • 08:27 \\u2013 It removed intermediaries in banking and finance
  • 09:00 \\u2013 You don\\u2019t have to trust the person you\\u2019re dealing with, but just trust the platform
  • 09:32 \\u2013 It is extremely important for developing nations
• 10:28 \\u2013 Andreas shares how cryptocurrency protected his mom\\u2019s cash retirement from failing Greek banks because of Greece\\u2019s current economy
• 11:12 \\u2013 Nathan shares a sample scenario with ISIS using cryptocurrency to attack Greece
  • 11:28 \\u2013 Andreas shares why the US shouldn\\u2019t have spent 20 years bombing them as it led them to acquire weapons
• 13:30 \\u2013 If Kim Jong-Un wants to acquire weapons in cryptocurrency, there\\u2019s no current way to regulate it
  • 14:42 \\u2013 The ability of the government to control the money leads to corruption and oppression of people
  • 15:03 \\u2013 \\u201cNo, you can\\u2019t control money\\u201d
• 15:50 \\u2013 Andreas is more interested in insuring that people who are trapped in poverty have the means to provide for basic necessities
• 16:50 \\u2013 Andreas\\u2019 point regarding the future of the world depending on cryptocurrency
• 17:56 \\u2013 ICO is a productive application of capital and investment, believing that there will be a return
• 18:31 \\u2013 There\\u2019s a lot of people speculating about the future
• 19:11 \\u2013 The comparisons between different cryptocurrencies and their market capital are not useful
  • 19:24 \\u2013 It is mostly based on speculation at the moment
• 20:50 \\u2013 Andreas\\u2019 primary advice is not to buy crypto, but to earn it
  • 20:55 \\u2013 It is an online visual economy
  • 21:22 \\u2013 He has been earning his cryptocurrencies for the past 3 years
  • 21:44 \\u2013 The speaking deal of Andreas is in bitcoin, plus 20%
  • 22:06 \\u2013 He liquidates his tokens on a monthly basis
  • 23:00 \\u2013 There are some establishments that receive cryptocurrencies
  • 23:45 \\u2013 There are also a lot of BTMs or bitcoin automated machines available
  • 24:22 \\u2013 There are also local traders for cryptocurrencies but you just have to be cautious
• 25:12 \\u2013 The questions Nathan should be asking for a pitch of a $5M crypto hedge fund
  • 25:30 \\u2013 Crypto funds are holding crypto for thousands of investors
  • 25:40 \\u2013 Their security should be a thousand times better and most companies can\\u2019t do that
  • 26:00 \\u2013 It\\u2019s easy to hack on a computer
  • 26:35 \\u2013 This is very similar to DAO
  • 26:44 \\u2013 The better way is to hold crypto funds individually by putting them into a wallet
• 27:24 \\u2013 \\u201cYou can\\u2019t keep information securely concentrated in one place\\u201d
• 28:57 \\u2013 The Famous Five

\\xa0

3 Key Points:

1. As of this moment, it is not that wise to invest in an ICO.
2. The future of cryptocurrency can have both a positive or negative effect on people.
3. Don\\u2019t buy cryptocurrency, earn it.

\\xa0

Resources Mentioned:

• Simplero \\u2013 The easiest way to launch your own membership course like the big influencers do but at 1/10th the cost.
• The Top Inbox \\u2013 The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens, and follow-up with email sequences
• GetLatka - Database of all B2B SaaS companies who have been on my show including their revenue, CAC, churn, ARPU and more
• Klipfolio \\u2013 Track your business performance across all departments for FREE
• Hotjar \\u2013 Nathan uses Hotjar to track what you\\u2019re doing on this site. He gets a video of each user visit like where they clicked and scrolled to make the site a better experience
• Acuity Scheduling \\u2013 Nathan uses Acuity to schedule his podcast interviews and appointments
• Host Gator\\u2013 The site Nathan uses to buy his domain names and hosting for the cheapest price possible
• Audible\\u2013 Nathan uses Audible when he\\u2019s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books

Show Notes provided by Mallard Creatives