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Feb 11 weekly crypto news wrap-up: is this a thing?

Debating cryptocurrency news headlines for the week ending February 11, 2022

Welcome to the February 11th, 2022, edition of the Decentral Weekly Crypto News Wrap-Up, where Neil and Em examine the latest cryptocurrency news headlines and address the ever-relevant question: “Is this a thing?”

Bitcoin is back over $40,000, which means you may just be able to buy your Valentine one of many romantic crypto-related gifts. This week’s crypto news headlines include: Gensler wants exchanges to come to the table, the Super Bowl is selling NFTs, and job opportunities in the metaverse.

Gensler wants some cooperation

weekly crypto news wrap up person speaking for decentral publishing

We pointed out last week that Biden was attempting to regulate Bitcoin, and that he was framing it as a national security matter. It looks like SEC Chairman Gary Gensler wants more crypto platforms to voluntarily work with the SEC to help define regulations.

Gensler isn’t exactly the cryptocurrency industry’s friend right now, so the olive branch may be a bit late. Countless crypto experts and insiders assumed Gensler would take a crypto-friendly approach to regulation since the former MIT professor has taught classes on blockchain technology in the past. 

Gensler also admitted that some coins can qualify as commodity tokens, and that the SEC would work with the Commodity Futures Trading Commission to regulate those particular coins. 

Should crypto exchanges consider this approach, or is it just too late to take Gensler at his word?

Neil says:

I wouldn’t trust Gensler. He’s made it clear he wants to protect investors, but it’s not like crypto exchanges will get anything out of actually meeting with the SEC. Gensler has made it clear that he wants to be the villain here, so why would anyone suddenly latch on to this olive branch?

Em says:

Everything that happens in the bureaucracy is a power play. If they can get the upper hand in controlling market players, they will. The whole point of crypto was to step outside of government control — now it’s just a battle to see who will win.

Bottom line:

Neil thinks this is a “don’t trust Gensler” thing; Em thinks it’s a power play thing.

Who do you agree with?

FTX enters Japanese markets with Liquid acquisition

weekly crypto news wrap up art next to bitcoins for decentral publishing

It seems like every week, FTX seems to make the news. The crypto exchange made last week’s cryptocurrency headlines with its $32 billion valuation, and now it looks like FTX is aggressively pursuing Asian markets. 

FTX has acquired the Japanese crypto exchange Liquid for an undisclosed sum. The acquisition is expected to close by March 2022, and Sam Bankman-Fried has been previously open in interviews about his international ambitions for FTX. The crypto billionaire has also previously stated he doesn’t believe we’re in a “crypto winter,” but that markets in general were “moving” more than usual.

FTX plans on more acquisitions, and its rise has already been meteoric. At what point should we be concerned about decentralization?

Neil says:

Yeah, I’m not going to lie – there’s something a bit disturbing about this. FTX is already massive, and they’re purchasing other large crypto exchanges. How does this not lead to more centralization? Some platforms will be more successful than others, but centralization should be a concern.

Em says:

​​The way companies and large endeavors are structured dictates that, as they grow and become successful, they’ll become more centralized. Only a conceptual shift can change that, and DAOs are trying to do it. Maybe with DAOs, even big companies like FTX can decentralize some day.

Bottom line:

Neil thinks this is a “stay wary” thing; Em thinks it’s a “maybe DAOs can help” thing.

Who do you agree with?

Will Florida be home to the first NFT purchase?

weekly crypto news wrap up house for decentral publishing

One of the most interesting things about blockchain technology is that it allows for tokenization. Any individual can tokenize their assets and sell them as a digital asset rather than a physical asset. It looks like a Gulfport home may just be the first home to sell as an NFT in the United States. 

The house is located in Tampa Bay. The realty group is claiming that ownership of the home will be transferred in the form of an LLC, and that ownership will be transferred with the NFT. The owner hopes to “stimulate conversation” regarding real estate and blockchain technology.

The auction will be hosted by Propy, a blockchain proptech startup that was previously involved in the world’s first-ever NFT real estate transaction. The starting price is $650,000. The sale will also include a mural by a local Florida artist. Around 1,500 bidders have already lined up.

If this sale is successful, will we see a lot more U.S. homes sold as NFTs? Or is this really just a novelty thing?

Neil says:

This is one that might take a while to catch on. I think blockchain can absolutely disrupt real estate, but we also have to consider that the real estate sector has done things a certain way for a long time. Even the fact that it took THIS long for a home to be sold as an NFT in the U.S. kind of proves that. I think, for now, this will remain a novelty.

Em says:

Tokenized real estate is something people have been talking about since early NFT days. Everyone saw the possibility and the ideas of it, but the execution is only now starting to come to fruition. Hopefully, this won’t be the last time, but the beginning of the idea playing out in reality.

Bottom line:

Neil thinks it’s a novelty thing; Em thinks it’s a “just the beginning” thing.

What do you think?

The metaverse hiring spree continues

weekly crypto news wrap up woman pointing for decentral publishing

The “metaverse” buzzword gained a lot of traction in 2021, thanks especially to Facebook’s rebrand to Meta. It hasn’t exactly done wonders for Meta stock, which recently suffered its biggest one-day stock drop ever. 

However, it doesn’t seem to be stopping many companies from actively hiring for the metaverse. In just the past two weeks, Nike posted five metaverse-related job positions. Disney is also recruiting for a metaverse-related business development manager position. 

The hiring spree isn’t just limited to entertainment companies: fashion companies and athletic leagues and organizations are also hiring for similar positions. There are recent reports that Roblox will pay somewhere around $430,000 a year for metaverse-related positions.

Even with Meta’s recent fiasco, will we see a continued hiring spree for metaverse job positions?

Neil says:

I completely understand why people are skeptical about the metaverse, or think it’s dystopian. But it’s ridiculous to blame the metaverse for what happened with Meta. Facebook’s reputation has been terrible for a long time. The hiring spree won’t stop, and Meta is far from the only company pursuing the metaverse.

Em says:

The metaverse is going to happen. It doesn’t matter what people or the market want. When you have huge players like Meta and Disney sinking billions into it, the consumers will get on board. It just depends on whether it’s the “metaverse” that we envisioned or just another plutocracy.

Bottom line:

Neil thinks it’s a “the metaverse is bigger than Meta” thing; Em thinks it’s a “money talks” thing.

Who do you agree with?

Super Bowl NFTs are here

weekly crypto news wrap up two tickets for decentral publishing

We know crypto companies have created Super Bowl commercials to help reach the masses, but it looks like the Super Bowl itself is interested in NFTs. This year, Super Bowl attendees will receive virtual commemorative tickets in the form of NFTs. The championship game remains one of the biggest television events in the world. Some are now referring to the Super Bowl as “The Crypto Bowl.”

This isn’t a massive surprise, considering the NFL has previously issued commemorative tickets as NFTs. Super Bowl LVI will take place in Los Angeles on February 13, 2022, between the Los Angeles Rams and the Cincinnati Bengals.

If you had to guess, what do you think these Super Bowl NFTs will be worth by this time next year?

Neil says:

Well, it doesn’t get more mainstream than the Super Bowl. I’m going to assume it will be worth more this time next year – maybe several thousand dollars each. Let’s say $3,000 each.

Em says:

I like tokenization and NFTs. Do I like Super Bowl or sports NFTs? Personally, no. Do I think, despite my salty opinions on sports, they may have value in the future… um, no. Ok, so I’m not unbiased but only time will tell.

Bottom line:

Neil thinks this is a thing; Em disagrees.

Who’s side are you on?

Bad idea of the week: Don’t drug your father

weekly crypto news wrap up senior drinking hot drink for decentral publishing

We cover unfortunate stories in the “bad idea” section, but this one is particularly horrendous. Imagine this scenario: a 24 year-old offers a cup of tea to his father. Heartwarming, right?

In this case, no. Liam Ghershony told his father he was adding an “energy boost” in the form of a white powder to the tea – but it was benzodiazepine that he added. Benzodiazepine is a form of depressant, and Ghershony purposely added it to the tea to knock him out. Why? 

Well, naturally, he wanted to steal his father’s cryptocurrency. He moved $400,000 from his father’s account into an account he could control. He claims now that he did not realize the amount of benzodiazepine he had added to the tea was lethal. He claims he believed his father would wake up. He was also struggling with drug abuse at the time.

Officers eventually found Ghershony’s father on the floor, where he was unresponsive. The father spent four days recovering at the hospital. Liam Ghershony was originally charged with attempted murder, but pled guilty to felony assault. Thanks to his parents’ wishes, Liam only spent 125 days in jail and also underwent two months of residential drug and mental health treatment.

There’s nothing much to say here: don’t drug your dad and try to steal his cryptocurrency.

 

Neil says:

Wow. Yeah, this story is pretty astonishing… I understand we are changing the way we think about drug addiction, but the fact that he didn’t go to jail for a long time is kind of crazy to me. Just a depressing situation, all around.

Em says:

Yikes!!! People will get up to some crazy hijinks and this is definitely an example of that. I can’t imagine a scenario where that would be worth it, even if you succeeded. Everyone please protect your keys and get a poison taster.

What do you think?

Meme of the week

As always, Em brings you this beloved meme of the week:

weekly crypto news wrap up ems meme of the week for decentral publishing

And that’s our cryptocurrency weekly wrap-up!

Who are you rooting for in the Super Bowl, or are you more looking forward to Valentine’s Day? Do you feel like the markets are finally rebounding out of crypto winter now that Bitcoin is back over $40K?

Make sure to tweet us your thoughts/opinions/perspectives at @decentralpub with the hashtag #weeklycryptonews on Twitter.

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Welcome to the February 4, 2022 edition of the Decentral Weekly Crypto News Wrap-Up, where Neil and Em take on the latest cryptocurrency news headlines and answer the always-important question: “Is this a thing?”

It’s almost Valentine’s Day, which should warm your heart, but the financial markets are still ice cold. Hopefully you’re spending more time researching if you’re spending less time trading (we certainly don’t blame you!) This week’s crypto news headlines include: Biden pushing for more crypto regulation, a DAO wanting to start a fast food franchise, India planning on taxing crypto at 30%, and more.

 

Biden wants crypto regulation

weekly crypto news wrap up a politician for decentral publishing

The Biden administration is more interested than ever in cryptocurrency regulation, especially given recent volatility in the crypto markets. The word is that Biden wants to sign an executive order in February to regulate Bitcoin, framed as a matter of “national security.” 

The administration reportedly wants to frame the regulation in a number of ways: claiming that crypto makes it harder to tax wealthy people, arguing that crypto hurts the dollar, and also pointing out that there is a legal “grey area” when it comes to DAOs. 

Is this going to be a good or bad thing for the markets?

Neil says:

I can obviously understand why the government is trying to regulate crypto (to control it), and the bear market doesn’t make things any easier. I think a lot of people associate crypto with wealth, and the American public doesn’t like wealthy people right now. The White House claims it would have a central role when it comes to regulation – but how much can they really control? Even countries that banned crypto are home to millions of crypto traders. The real question is: will there be concrete regulation, instead of everyone always wondering about regulation?

Em says:

Of course the government is going to try to regulate crypto. It tries to regulate everything. It’s a hammer and everything is a nail. But, to me, It doesn’t matter whether this is good or bad. Politicians don’t understand the cryptosphere well enough to regulate well, even if they want to.

Bottom line:

Neil thinks this is more of a “wait and see” thing, Em thinks it’s more of a “politicians are too dumb” thing.

Who do you agree with?

Legendary heirs enter the NFT space

weekly crypto news wrap up art for decentral publishing

With the NFT boom of 2021 behind us, many experts and analysts expected that more corporations would enter the NFT sector now that there are billions of dollars at play. Of course, it also means that more high-profile artists want to get in on the NFT action – even if they are technically no longer physically with us today.

Some of the most legendary artists of all time have left behind memorabilia – and some heirs are looking to turn that memorabilia into NFTs. Julian Lennon, the son of John Lennon, will be auctioning off some of his father’s private collection as NFTs. The items include “Beatles iconography” and “personal items.” It includes the Afghan coat that John Lennon wore for the Magical Mystery Tour, a Beatles TV special.

Lennon isn’t alone! The heirs of Pablo Picasso will also be auctioning off 1,010 digital art pieces of one of his ceramic works that has never been seen publicly. Marino Picasso, the granddaughter of Pablo Picasso, is spearheading the project. Florian Picasso, Pablo’s great-grandson, claims that this would “build a bridge between the NFT world and the fine art world.”

Does this add more credibility to the NFT space, or does it just look like heirs cashing in because they realize the money they can make?

Neil says:

I do think this is a major deal, and pretty big crypto news. There have been some incredible NFT artists that have emerged, but Picasso art and Lennon memorabilia offer a different level of credibility. Obviously, they’re going to make a lot of money – but I do think that those kinds of names are held at a certain status, and they matter.

Em says:

Wait…John Lennon has a son? I legit didn’t know that. But I guess, get your profits, guy. Why not? Everyone else is taking advantage of the NFT cash cow these days. I can’t say that I would ever buy physical Beatles memorabilia, but I’m sure there’s a market for NFTs.

Bottom line:

Neil thinks this is a thing, Em doesn’t care that much.

Who do you agree with?

FTX valued at $32 billion

weekly crypto news wrap up sam for decentral publishing

Even with a lot of negative cryptocurrency news headlines out there, it looks like Sam Bankman-Fried simply cannot lose. The billionaire’s crypto exchange has recently been valued at a staggering $32 billion, proving that investors are behind FTX despite the recent bear market. This happened thanks to a recent $400 million in Series C funding.

The valuation is $7 billion more than FTX’s valuation in October 2021. Incredibly, this means that FTX is now worth more than the Nasdaq exchange and Twitter. Bankman-Fried has said repeatedly that he believes 2022 will be a year where FTX forges new partnerships and enters new 

FTX continues to succeed. Is this proof that investors are still behind crypto despite the bear market, or is this more of a “FTX is an exception” thing?

Neil says:

Honestly – this is really just a testament to Sam Bankman-Fried. There will always be success during bear cycles, but what he’s doing with FTX seems to be unprecedented. I think FTX is the exception here.

Em says:

I think this is a good omen for crypto. Even during a down market, the major players are still thriving, getting eyeballs, and getting new adopters. I definitely saw crypto.com ads during the division championship football games and probably we will during the superbowl. Keep hyping.

Bottom line:

Neil thinks this is an FTX thing, Em thinks it’s a crypto thing.

What do you think?

Will we see a fast-food DAO?

weekly crypto news wrap up fast food clipart for decentral publishing

We’ve seen more DAOs rise up than ever before, and some of them haven’t exactly been PR home runs. There was the DAO that tried to purchase a copy of the Constitution and failed, and the Dune DAO that didn’t seem to understand the concept of intellectual property.

FriesDAO wants to raise $9.69 million dollars to start a real-world fast food franchise. Those who invest can potentially influence how operating revenue is spent, given the fact that the tokens will act as governance tokens. Token holders will not get ownership rights, however. Brett Beller, co-founder of the alcohol delivery startup Drizly, points out that this is because of the way “the SEC has actually laid things out.”

It is unclear what fast-food restaurant that the DAO will purchase, but around $1.3 million in USDC has been raised within 2 days of the whitelist sale.

Does this idea make sense, and do you think it has a good chance of succeeding?

Neil says:

See, this is the kind of thing that I can get behind. Golf clubs, exclusive NFT restaurants…those are cool, but why not try to do something that everyone can participate in? Plenty of crypto enthusiasts can easily support the business without breaking the bank, too. I’m a fan of this idea: it’s more realistic than most.

Em says:

I think we’re kind of throwing mud at the wall with DAOs for now. Not to say any of these are bad ideas or definitely won’t work. We just don’t know exactly how best to utilize DOAs yet or what their future looks like. This is a time of experimentation and I’m fine with it.

Bottom line:

Neil thinks this is a down to earth DAO thing, Em thinks it’s an “everyone’s experimenting” thing.

Who do you agree with?

India wants to regulate crypto finally?

weekly crypto news wrap up list of coins for decentral publishing

There has been a lot of discussion about the fact that two of the biggest and most powerful countries in the world, China and India, haven’t been too keen on crypto whatsoever. There have been rumors swirling that India would ban cryptocurrency for years.

There is some new crypto news that most enthusiasts can get behind: instead of banning crypto, India is looking to tax crypto at 30%. Also, India’s central bank will be launching a digital rupee by 2023, although details are scarce.

The announcements were made by India’s Finance Minister, Nirmala Sitharaman. Interestingly enough, her speech did not include the words “crypto” or “cryptocurrency.” Instead, the phrase “virtual digital asset” was used. Regardless, there’s no question that the cryptocurrency sector is booming in India, whether the government likes it or not. 

Is the tax too high? Should we take India at its word, given the fact that they’ve seemed to reverse so much on this issue?

Neil says:

I think this is pretty good news. Yes, India might always “reverse their stance” technically, but this is a LOT better than a ban. More people in India are interested in crypto than ever before, and a 30% tax isn’t THAT far off a standard capital gains tax. I’d say this is a thing – a good one.

Em says:

Crypto was invented to sidestep government fiat currencies and escape monopolistic monetary systems. Of course governments want to tax it, but honestly I think it’s ridiculous. It’s not for anyone’s protection except the central banks and potential CBDCs in the future.

Bottom line:

Neil thinks this is a good thing, Em thinks it’s a ridiculous thing.

Who’s side are you on?

Bad idea of the week: Facebook’s Diem dreams are over

weekly crypto news wrap up zuckerberg looking confused for decentral publishing

Zuckerberg’s crypto dreams are officially done for.

The Meta-backed Diem, many thought, would be a gamechanger. Meta owns Instagram and Whatsapp, and plenty of analysts$ thought that developing a cryptocurrency was the logical next step. Now, Diem has been sold to Silvergate Capital, a crypto bank, for $182 million dollars. The Diem was meant to be a stablecoin alternative, and was first rolled out in 2019.

How did this happen? You’re a social media platform with BILLIONS of users, and those users usually interact with their friends and family. It’s easy to see why Facebook was interested in developing a crypto, but was it doomed from the start because regulators would never allow it?

If you’re Jack Dorsey, the answer is simple. Zuckerberg was too busy trying to create his own cryptocurrency rather than embrace Bitcoin. The project was plagued not only by regulatory troubles, but there was also lots of internal conflict at Diem. 

Should we pour out a little liquor for Diem?

Neil says:

I know that a lot of people think that this was doomed from the start, but it’s actually surprising to see someone with the money and power that Zuckerberg has, not be able to pull off their cryptocurrency dreams. It’s obviously a good sign for crypto enthusiasts who prioritize decentralization.

Em says:

We knew it was coming. This project has been struggling for years. There was no way regulators in the US were going to roll over and let Libra grab the market share of digital currency adoption before the government could roll out a CBDC. Unacceptable!!

Bottom line:

Both Neil and Em agree that Zuck was out of his league on this one.

What do you think?

Meme of the week

As always, Em brings you this beloved meme of the week:

weekly crypto news wrap up meme politicians for decentral publishing

And those are our cryptocurrency news headlines! 

What fast food restaurant do you hope that FriesDAO purchases? Will you bid on the Picasso or Lennon NFTs? How much do you think that Biden will try to tax crypto profits, or do you not have any profits to tax (we get it, it’s been a rough couple of months)?

Make sure to tweet us your thoughts/opinions/perspectives at @decentralpub with the hashtag #weeklycryptonews on Twitter.

Oh and if you’re still looking for gift ideas for your crypto valentine, check out our crypto gift giving guide: from personal mining rigs to crypto swag, there’s something for everyone!

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Enter your email for FREE, instant access to all 9 episodes of the Uncensored Crypto docuseries.

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uncensored crypto smart phone with crypto markets on the screen for decentral publishingIn episode ten of the Uncensored Crypto docuseries, Michael Hearne sits down with crypto experts to discuss how beginners can get started in cryptocurrency and tell which projects are worth investing in.

The docuseries as a whole discusses how censorship is used to hide the benefits of cryptocurrency, blockchain, and decentralized systems from people looking for digital sovereignty and financial freedom. It also covers how crypto can completely change the traditional centralized systems as we currently know them.

The tenth episode looks at a key way to make this happen: how to get more people involved in crypto, especially those who are new and might be hesitant to invest. Crypto experts share their best advice for newbies so they can enter the world of crypto confidently and knowledgeably. 

Recap of topics covered in episode 10 of Uncensored Crypto 

Getting started in crypto

“Just go invest your first 20, 50, 100 dollars, and buy a little bit of Bitcoin. That’s your first step. And from there, that begins your process of your education, so that you can make informed decisions for yourself, and once you take the first step, the second step kind of comes naturally. Along the third, and then down the rabbit hole you go. But that’s an easy way to do it. Most people get stuck because they’re like, ‘Wow, I don’t know what to do.’ It is that simple. You just make your first baby step.” – Brock Pierce

Cryptocurrency is far from mainstream yet, so many people are still confused by what exactly it is. While many people have heard the words “crypto” and “Bitcoin,” they don’t really understand what they mean. And that’s before you get into other terms in the crypto world like blockchain, centralized and decentralized exchanges, and dApps. 

It’s easy for anyone thinking of getting started in crypto to quickly become overwhelmed. Uncensored Crypto explores the best way for someone to start their crypto journey. Many crypto experts agree that a good strategy is to start slow and only invest what you can afford to lose, as you would with a regular investment.

Uncensored Crypto proves that crypto doesn’t have to be complicated, and you don’t have to be computer-savvy to understand it, either. Taking the simple step of investing just $20 will help set you on the path to keep learning more about it.

Evaluating crypto projects

uncensored crypto crypto coins for decentral pubslishing“So I think community is very important because no matter how great the project is, no matter what real world problem it solves, and I think that’s another thing you have to look at, what’s the real world problem that this solves? What’s the market for it? But no matter how big that is, if they don’t have interest in the actual token or the coin from people within the community that are going to be buying it, then it doesn’t matter. It’s going to go nowhere. It’s going to sit at a stalemate and not move. And if you’re doing it for investment purposes, then you really want, again, you want that particular coin to move.” – Cecil Robles

Once you’ve decided to take the plunge into crypto, you face the next step: how do you decide what to invest in? With thousands of cryptos out there, how can you possibly tell which ones are worth it? How can you know which ones will be the next Bitcoin?

According to the crypto experts in Uncensored Crypto, there is no easy answer. Instead, it will take some research on your part to find which projects speak to you. Read the project’s whitepaper and learn what problem the team behind it is trying to solve. Are there competitors doing something similar? What makes this project stand apart from the competition. 

But in the end, as Robles points out above, a crypto project should have a vibrant community behind it. The team should be actively interacting with them on social media. Seeing that others are so devoted to the project’s success shows that it has a lot of momentum behind it.

Investing and trading crypto

“So this is the kind of thinking that leads to people missing out on the gains, when you think that you’re already too late. A lot of us already have that thought all the time. ‘Oh, something’s already done a five X. I’m too late to invest in that,’ when in reality, no, it’s just getting started. And now you have the start of the momentum and you have validation that this is a good investment. I think looking at crypto as a whole, no, we’re still very early, even with Bitcoin.” – Alex Benfield 

You’ve likely heard of the people who invested in Bitcoin early on and are now millionaires. If you’re new to the crypto world, you might want to invest in crypto with the same goal in mind: strike it rich. 

But considering that Bitcoin is now valued at around $47,000 per coin, it can seem like you’re already too late. Well, the experts in Uncensored Crypto reassure would-be crypto investors that it’s actually not too late, and you should get started now rather than wait any longer. 

Crypto is still very much in its early stages and is still not considered mainstream. While you realistically might not become a millionaire, it’s a good idea to buy and hold now before regulations, institutional investors, and retail investors jump on board. 

What does the future look like for getting started and investing in crypto?

Is it worth getting started in crypto?

uncensored crypto upticking chart with a flying bitcoin above it for decentral publishingIt’s safe to say that 2021 was a big year for the crypto market. During this bull market, investors saw the price of Bitcoin climb as high as $69,000. Ethereum peaked at $4,800, and new projects like Solana and Avalanche quickly grew and made it into the top 10 largest cryptocurrencies by market cap. 

Bitcoin also saw some significant institutional adoption by countries like El Salvador and Zimbabwe, and was embraced by politicians in the U.S. like Miami mayor Francis Suarez and New York mayor Eric Adams.

Also, some new projects made partnerships with traditional institutions, like Avalanche’s partnership with Deloitte. And other crypto-related projects that were covered in the Uncensored Crypto docuseries saw explosive growth, like NFTs, web3, and DeFi projects.

All this to say, now is a great time to start investing in cryptocurrency! It’s not too late to miss out on making a good return on your investment, and not too early that the market is hard to navigate. 

There are tons of beginner-friendly places out there to start investing, like Coinbase, Binance, or Gemini. And many simple hot wallets, like the Exodus or Trust wallets.

Currently, it’s estimated that around 23% of Americans invest in cryptocurrency, which is a considerable jump from the 8% in 2018. 

And given the enthusiasm behind blockchain, the metaverse, and NFTs, it seems likely that more people, tech companies, retailers, and other institutions will be jumping on the bandwagon in the future.

Future of investing in crypto

uncensored crypto holding a bitcoin with an upticking chart in the background for decentral publishingIn 2021, crypto investments increased 36% from 2020, for a total value of $9.3 billion. By late 2021, the total value of the crypto market reached $3.3 trillion.

This shows that investing in crypto has become a major industry and is only likely to keep growing in the future. 

If the Uncensored Crypto docuseries shows anything, it’s that the crypto market as a whole is still new and is only getting bigger in the future. 

As the docuseries explores, crypto and blockchain technology have the potential to revolutionize the current financial system as we know it. 

Centralized exchanges like Coinbase have seen a huge jump in membership, with a growth of 56 million users and a total valuation of $65 billion in 2021. 

As mentioned above, now more than ever there are many great places for newbies to start if they want to begin investing. 

Of course, crypto enthusiasts won’t hesitate to tell you that you should jump on board now. However, you might hear from mainstream financial experts that it’s too risky and isn’t worth it. The truth is likely somewhere in the middle.

It’s true that cryptocurrency is notoriously volatile. And if you’re not careful with where or what you invest in, you could risk your money. But this doesn’t make crypto a bad investment. 

While crypto has been around for a relatively short amount of time, given its long-term trajectory, it’s clear that holding it as a long-term investment can pay off for any investor.

Established projects like Bitcoin and Ethereum are safe choices, but there are many newer projects that show potential. Just remember, one way that crypto differs from traditional investing is that anyone can create their own coin.

So if you’re looking to invest in newer projects, be sure to do your research and never put all your eggs in one basket. Like investing in anything, diversity is usually best. And if you follow basic security protocols to keep your investments secure, you can have a safe, positive crypto investing experience.

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learn crypto graphic of money tree being watered for decentral publishingWhen I started my journey to learn crypto back in November 2021, I knew absolutely nothing about the world I was entering. I was a complete crypto newbie, and while I heard of things like Bitcoin and Dogecoin before, I never really paid much attention. 

But as I began my journey, I quickly started to learn about crypto, decentralization, and blockchain technology. Over seven weeks, I began researching projects to invest in, exploring wallets and exchanges, and made my first official investment.

Now that it’s been a month since I wrapped up my journey, what are my investments looking like? Did a hodl through the “January reckoning”? Have I changed up my investment strategy?

What I learned from the crypto market crash 

learn crypto holding bitcoin coin for decentral publishing2021 was an overall great year for crypto. But by the end of the year, the crypto market crashed. 

Bitcoin had reached an all-time high of $69,000, but it is now around $43,000 at the time of this writing. Many other crypto projects similarly lost value during this crash, including those I invested in.

I chose to invest in a couple of projects around November 2021 when they were climbing in value, and they’re still currently worth less than I bought them at. 

I remember thinking that one project in particular I wanted to invest in was going up in value every day, so I needed to invest sooner rather than later instead of waiting. If I had only been more patient, I could have invested at a much lower price than I did. 

Source: Photo by Executium on Unsplash 

Did I hodl?

So, did the “January reckoning” scare me away? Did I sell off my investments, or am I continuing to hodl?

Don’t worry, I haven’t given up that easily! I am definitely continuing to hodl. 

If there was one takeaway I learned from all my research to learn crypto, it’s that the market is volatile.

So with that in mind, and considering the long-term, upward trend of the crypto projects I invested in, I plan to keep holding on.

I’ve only had these investments for a little less than two months, so I’m eager to keep hanging on and see what 2022 has in store for these projects and the crypto world as a whole.

Overall, I don’t regret the investments I chose. I am still interested in these projects and the potential of the technology behind them. 

Do I have a new investment strategy?

learn crypto colorful bull with crypto coins for decentral publishingAs far as my investment strategy, I am also keeping that the same. I am maintaining a long-term outlook and don’t plan to sell my investments until years down the road. 

When I first invested, I checked my Coinbase account multiple times per day to see the market changes– mostly because of beginner excitement.

But now, I don’t check my account nearly as often, maybe just once per week.

I also have not added any new investments yet or tried any new wallets or exchanges. While I don’t plan on investing a large amount of my money, there are some projects that I’m considering investing in.

Source: Photo by Executium on Unsplash 

What will I do next on my journey to learn crypto?

There are other cryptos I’ve been thinking about adding to my portfolio to make it more diversified, but I haven’t done so yet. The top three crypto projects I’m considering investing in right now are:

  • Ethereum
  • Polkadot
  • Cardano
  • Cosmos

I’m also thinking of buying more of the same crypto I already have while the price remains low, or “buying the dip.” Check out my post on managing my portfolio to see which projects I am currently investing in.

Overall, I am still taking my journey to learn crypto slowly and making sure to do my research before I invest in something new. There’s still a lot for me to learn as a crypto newbie, but I’m still having fun while doing so!

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Are you looking for a crypto-related gift for your digital currency-loving sweetheart? Do you have a better half whose heart goes boom-boom for blockchain bling-bling? Is it your first crypto-valentines day together and you don’t know what to buy them? (don’t worry, we’ve all been there!). 

We’ve organized this Valentine’s Day gift guide for personalized or unique items to give that special someone in your life

It’s that time of year when people around the world rush to find that special gift for that special someone, and better yet- something that’s personalized to show just how well you’ve been paying attention to your loved one’s interests 🙂 If that special someone happens to be a blockchain or crypto enthusiast, you’ve come to the right place! 

Whatever your reasons may be for perusing the depths of the internet for gift ideas, we’ve compiled a unique list of crypto-related gifts for both crypto-newbies (who are looking for a gift for their crypto first-timer) as well as crypto veterans (the seasoned crypto-investors who need gifts for more experienced crypto folks).

14+ crypto-related gifts

Forget the tired old traditional gifts and give your crypto enthusiast something that’s actually meaningful and reflects their interests. No stuffed animals or generic book tokens here! Here is Decentral Publishing’s Valentine’s Day gift guide of 14+ items to give that special someone in your life.

bitcoin gift crypto related gift

Source: Bitcourier

1. Cryptocurrencies!

Examples: Bitcoin (BTC), Ether (EHT), Dogecoin (DOGE)

Without stating the obvious, nothing warms the heart of a crypto enthusiast more than some digital valentine’s day tokens. It’s almost like going to grandma’s for summer and getting slipped a few bucks just for “being a good kid.” Coinbase Pro has an easy and inexpensive way to purchase and give cryptocurrencies as a gift. And don’t worry if your crypto-lover has expensive taste and has their eye on BTC. You can buy a fixed dollar amount of most coins. One thing to note is that, if you’re gifting crypto, there will be a holding period for up to ten days where you have to wait to transfer. So, if you’re wanting to transfer by the 14th of February (Valentine’s Day), you’ll want to purchase these before the 4th.

2. Digital crypto account or wallet

Example: Coinbase Pro

Help your loved one get started trading crypto by setting up a digital crypto account like Coinbase Pro or a digital wallet like Coinbase Wallet in their name. Bonus points if you also snag some shares of a currency your sweetheart has their eye on… maybe some fractional ownership of ETH or BTC, a share of AXIE for the gamer in your life, or a lovable memecoin like DOGE for fun? Exchanges like Coinbase allow you to buy up to $10,000 in Bitcoin or Ethereum per week using credit or debit cards, though you can spend as little as $10 in a one-time buy.

3. Cold storage crypto wallet

Example: Ledger

If your crypto partner is already crypto-rich or crypto-curious, a cold storage (aka hardware) wallet might be the perfect crypto-themed gift. Hardware wallets ensure that all crypto assets are stored offline with keys protected from hacking by a durable 2FA security system. Start ’em out on a budget and score a cool 24% off a Ledger Nano S with this exclusive code: CRYPTOVALENTINE. Most online exchanges support hardware wallets as well. Your Valentine may prefer cold storage for more security than a digital exchange.

4. Paper crypto wallet

Example: BitcoinPaperWallet.com

For the budget-conscious or sovereign person/prepper in your life who is trying to staff off the grid, your crypto-loving partner can store their crypto keys on paper that you can print at home on your computer. Just print your crypto key and your crypto address onto a piece of paper (so you can give/get money), take a selfie, and voila! You’ve got yourself an ultra-secure paper wallet (aka QR code wallet). You can also level up with a tamper-resistant version from BitcionPaperWallet.com that uses a secure BitAddress and open-source JavaScript key generator. 

5. Digital art NFTs

Examples: OpenSea, GreenNFT

For the collector or fine arts aficionado in your life, check out some digital art aka non-fungible-tokens, aka NFTs. Scroll through available NFTs for purchase on sites like OpenSea, Bored Ape Yacht Club, RareBits or Ethmoji, and you’ll find some unique crypto gifts that are sure to please the crypto lover in your life! Want a more eco-friendly option? Check out Artnome’s Green NFTs. 

6. Fireproof document bag

Example: Thomas & Bond

Have crypto, will travel safely (through wind, fire, and water, if that’s the sort of thing you plan to travel through). Give the gift of security for your loved one to store paper wallets, cold storage wallets, and seed phrases. Your crypto-investing loved one will be prepared for crypto emergencies when they keep their crypto keys safe in a lightweight, fireproof document bag. Look for bags like the one from Thomas & Bond that are water-resistant and made of aluminum foil to protect against fire or an attack by another crypto-valentine who is suddenly filled with envy and decides to try and hack you, crypto-style. 

7. Blockchain art

Example: Monegraph

A crypto lover’s digital art collection doesn’t have to be limited to crypto-related images, NFTs, and memes. There are a few blockchain projects out there working on creating unique digital assets that can be shared over the Ethereum network in a secure way due to blockchain’s decentralized nature. By working with a crypto-based project like Monegraph, the crypto lover in your life can register digital works of art and sell them over the Ethereum blockchain. But since this is a gift, you can at least do the legwork to get them set up!

Be my crypto valentine Romero ascribe blockchain art nft

Source: Brian Romero A Lambo Trip to the Moon. Limited Edition of 2, Available on OpenSea.io

8. Land, plot, or landmark in the metaverse

Examples: Superworld, DecentraLand

Is there a special place that has meaning to you and your Valentine? Help your crypto partner take the next step in digital real estate by gifting them a plot of land in one of DecentraNet’s virtual worlds: Superworld, DecentraLand, or CryptoLand. The metaverse is trending, and it’s here to stay for the imminent future.. Virtual world and crypto enthusiasts alike can use these three-dimensional spaces to create and explore experiences centered around crypto. You can even buy a virtual plot of where you met or go big with the stadium of your favorite sports team.

9. AXS tokens for play to earn gaming

Example: Axie Infinity

For gamers who want to get into the “play to earn NFT” world, buy your Valentine AXS tokens. Also, Little Funky Friends offers blockchain game development services and is currently running an ICO until February 28th, offering extremely limited quantities of custom game tokens for purchase only through the LFF website. Be sure to act fast though because there are just 100 left as of this writing! 😀 

10. Plug-n-play crypto mining rig

Example: Coinmine

No “crypto mining rig” or “crypto investing experience” is required! Crypto mining is a hot new trend that’s going to take the crypto world by storm this year. If your very own crypto king or queen is interested in learning how to mine their own coins, this plug-n-play crypto mining machine may be the best way to get started. For example, this mining rig by startup Coinmine provides everything you need to get started with a plug-and-play mine.

11. Desktop crypto coin price ticker

Example: CryptoBadger

Give crypto-asset owners the gift of crypto-awareness with a crypto price tracker from a maker on Etsy they can run on their favorite desktop or laptop. For the crypto investor who wants to track prices without checking their phone all day, a desktop crypto cube will fit nicely on anyone’s work-from-home office. Some cubes also can be set up to give crypto enthusiasts an alert that corresponds to the crypto exchange they are most active at, like Binance for example!

12. Crypto conference tickets

Example: Bitcoin Miami

The annual Bitcoin conference will feature speakers and events for enthusiasts in all phases of their crypto journey. In addition to the standard networking events, lectures, panels, and open discussions on the future of crypto and related tech, Bitcoin Miami has some next-level events for true aficionados. There’s also a Bitcoin Art Gallery with crypto-themed art, a music festival, a pitch day, and an open-source stage event. Get your tickets before the price increase for the crypto-themed conference happening April 6-9 in Miami, Florida.

13. Crypto t-shirt

Example: Redbubble

“We’re crypto lovers. We don’t just love crypto, we eat crypto for breakfast.”

Ok, I don’t actually know anyone who eats crypto for breakfast, but you get the idea behind shirts like these: crypto is our life, and we wear it on our sleeve (or chest). The crypto lover in your life might appreciate a crypto-themed t-shirt or hoodie with their favorite crypto logo emblazoned upon it. Not everyone wants to show off their payment habits in public, so there are some more subtle options with blockchain logos available too! 

14. Physical crypto art

Examples: CryptoArt, CryptoCulture (Etsy)

For those crypto enthusiasts who prefer something out of the ordinary, consider checking out physical crypto-themed art for sale. There are dozens of makers online that produce crypto-themed art that could strike the fancy of your valentine. CryptoArt.com combines actual bitcoin cold storage with art, while shops on Etsy like CryptoCulture offer a variety of crypto-themed artwork and decor.

15. Coin jewelry

Example: CryptOutfitters (Etsy)

For Valentine’s Day, nothing says “I love you” like crypto bling. You can find crypto-themed necklaces and rings made out of various metals on Etsy. Some crypto lovers favor silver or pendants with charms attached to chains while others might prefer a necklace with a coin directly integrated into the design like the Dogecoin symbol. But if you’re looking for something unique and different from traditional coin, they even have chain length necklaces with crypto-themed packaging to bling out your babe.

16. HODL tote bag

Example: BlueRibbonThreads (Etsy)

Plastic bags are out, and organic cotton and hemp tote bags are in. Help your crypto-valentine go green with a crypto tote bag. You can score one online at multiple retailers like BlueRibbonThreads on Etsy and other sellers on Amazon. From organic cotton to hemp materials, there are Doge-related and crypto-community-themed tote bags for the crypto enthusiast in your life.

The art of gift-giving comes from the heart, not the wallet

If you find something else that floats your boat outside of this list, give us a shout on Twitter. We’re always on the hunt for unique and special crypto-related gift ideas.

Remember, it truly is the thought that counts when it comes to finding or creating a gift to give someone else. Pay attention to the interests of the people in your life you care about and you’ll learn a lot about what matters to them. 

valentines day gift giving guide crypto meme coffee mug

Source: Etsy.com

And no matter what, remember: thoughtfulness reigns supreme over the amount of money you spend on a gift. So, before you go spending your life savings on a crypto coin, just know that you can make the gesture “genuine” over “grand”. 

Phew. That’s it from me, folks! I hope you find that perfect gift for your valentine.

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In the Uncensored Crypto docuseries, Michael Hearne sits down with crypto experts to discuss some of the hottest topics in the crypto world. The overarching theme of the docuseries is to show how mainstream media and institutions censor information about crypto. 

This censorship hides the benefits of cryptocurrency, blockchain, and decentralized finance systems (DeFi) from people looking for digital sovereignty and financial freedom. The docuseries also covers how crypto can completely change the traditional centralized systems as we currently know them.

uncensored crypto graphic of something orange and circular for decentral publishing

Looking for a quick recap of each episode? We’ve got you covered with the main themes of all 9 episodes, and the bonus episode!

Episode 1: Introducing Uncensored Crypto

“It is absolutely mind-boggling that a technology has emerged that can actually transform society in multiple dimensions in a way that has never been possible since the emergence of mankind.” -Martin Weiss, Founder of Weiss Ratings

Top themes covered:

  • How crypto can change people’s financial future
  • How blockchain can protect peoples’ digital identity
  • Fighting against surveillance capitalism
  • DeFi vs. traditional banks

The first episode of the Uncensored Crypto docuseries kicks off by giving an overview of cryptocurrency, blockchain technology, and how both can completely change the current financial system. 

It shows that blockchain technology can be a tool to help protect peoples’ digital identities, fight against Big Tech and social media surveillance, and give financial power to the people rather than concentrating it in the hands of powerful banks. Finally, the episode explores how DeFi offers people more control over crucial financial tools, like loans, that they otherwise might not have access to.

Episode 2: Blockchain, bitcoin, Ethereum, sh*thcoins

uncensored crypto boxes on a dark background for decentral publishing“Anything that’s not Bitcoin, in my opinion, is pretty much a s*itcoin. Now, can you make money on that? Absolutely […] and I think they’ll be around forever, but they aren’t good stores of value.” – Josh Malinkovich, student and CTO of Bitcombine

Top themes covered: 

  • Mass adoption of crypto
  • Bitcoin maximalists
  • Ethereum vs. Bitcoin
  • Are altcoins worth investing in?
  • Is it too late to invest in Bitcoin?

In the next episode, the docuseries examines Bitcoin. It presents the famous coin from two perspectives: Bitcoin maximalists who believe it is the only cryptocurrency worth giving any attention to, and other experts who believe the future lies with Ethereum and altcoins. 

The episode also looks at the common myth of people who think they’re too late to invest in major cryptos like Bitcoin and Ethereum. Uncensored Crypto makes the case that this belief couldn’t be further from the truth. 

Episode 3: Decentralization, web3, DAOs

“There’s no Fed. There’s no bureaucrats. There’s no politicians. There’s no interest rate manipulators. It’s really just us and the code and our own assets. Where the role that exchanges play in the ecosystem is that they let you trade between assets.” -Alan Van Taoi, THORChain and creator of RUNEBase.org

Top themes covered:

  • Decentralization
  • Web3
  • Decentralized exchanges
  • A system without trust and governance
  • Decentralized autonomous organizations (DAOs)

Next, Uncensored Crypto examines how almost everything in our current system is centralized, and that decentralization could give more power to the people. This is because there is no longer a need for trust in a decentralized system, so you don’t have to place all your trust in a government or corporation. 

Then, DAOs and decentralized exchanges are examined as alternatives to centralized companies and banks. Lastly, the episode gets into Web3 and how it would change the internet as we currently know it by introducing a decentralized internet.

Episode 4: NFTs, tokenization, AI, metaverse

“Right now, all the AI progress is made by these large tech companies like Google, Facebook, Microsoft […] That’s why I think, on a high level, blockchain, crypto, or Web 3.0 can help mitigate the negative effect of that by decentralizing the storage of the data, so these platforms have less leverage against individuals or small organizations.” -Jerry Tang 

Top themes covered: 

  • NFTs
  • Tokenization
  • Artificial intelligence
  • Metaverse

Episode four gets into NFTs and tokenization. It shows how the process of tokenization can be applied to many different industries, such as real estate and supply chain logistics. It then turns to the harms of AI being concentrated in powerful centralized corporations, and how a decentralized web can help mitigate that harm. 

It wraps up by looking at the metaverse, crypto’s role in it, and how it will be a more immersive, 3D experience of the web that we currently use. 

Episode 5: DeFi, staking, lending

“The little guy doesn’t need a third party to give them permission to do anything now. You have your own financial sovereignty. You have access to investments that typically have only been held out for accredited investors and institutions.” -Alex Benfield, Crypto Analyst at Weiss Research

Top themes covered:

  • DeFi market
  • Impact of blockchain on the financial system
  • Crypto staking and lending
  • Risks in DeFi

In the fifth episode, Uncensored Crypto looks at the world of DeFi, which has been quickly growing as crypto and blockchain technology develop. The crypto experts explain what DeFi is and how it can help bring financial services to those who don’t have access to them or traditional banks. 

It explains some financial services you can access with cryptocurrencies, such as crypto staking and crypto lending. Then, it wraps up by mentioning that because DeFi is still relatively new, it can carry some risks to those who aren’t careful.

Episode 6: Sovereignty, censorship, and privacy

uncensored crypto smart phone next to a laptop for decentral publishing“I think if we want to take back our human sovereignty, we have to first take back our attention and we have to first take back our data and our usage on the internet. And I think the first way to do that is to really introduce the idea that Bitcoin allows for financial sovereignty, Lightning allows for database sovereignty within a social network.” – Justin Rezvani 

Top themes covered: 

  • Digital sovereignty
  • Data ownership
  • Censorship and cancel culture
  • Privacy and security

This episode of Uncensored Crypto addresses some of the overarching themes of the series. It begins by going over the idea of sovereignty and how decentralization and web3 can help online users take some control over their digital lives away from Big Data. 

Then, it looks at how giving people direct control over their digital data can give them a new form of income. Finally, it examines how web3 and decentralization can help fight against censorship and cancel culture by taking power away from Big Tech.

Episode 7: Banks, remittance, the federal reserve, and crypto as a store of value

“With crypto, we’re seeing an entire new generation becoming asset owners. For the first time ever, you’re seeing an 18-year-old actually own something, as opposed to paying for it as a service, as we’ve seen. The whole banking sector, it’s ripe to be completely decentralized, and there’s going to be a lot of pain. It’s not going to go quietly.” – Brian Rose

Top themes covered:

  • How stablecoins threaten banks
  • DeFi powering services that banks don’t provide
  • Using the blockchain for more control over your digital identity
  • Crypto as a store of value

Next, the docuseries takes an in-depth look at how blockchain technology and DeFi could threaten traditional banking institutions. The episode talks about how banks both embrace crypto and blockchain and fight against it and the change it brings. 

It explores how DeFi provides services that regular banks don’t, and how banks can be motivated by profit while DeFi is not. Lastly, it looks at how blockchain can give you greater control over your digital life and how cryptocurrency acts as a unique store of value compared to fiat currency.

Episode 8: Regulations and black markets

“And so getting this regulatory clarity is going to be sort of a painful growth cycle that we’re going to need to go through as an industry. But I think the other side of that is going to lead us to a much larger market of potential end-users and people that are benefiting from blockchain-based systems than were in the past.” – Justin Newton

Top themes covered:

  • Lack of official regulation so far
  • Regulations as a way to control the industry
  • Black markets
  • Crypto scams

In episode eight, Uncensored Crypto looks at a major topic in the crypto industry: government regulation. The docuseries makes the case that even though the goal of DeFi is to remain an alternative system outside of government control, the future will likely bring some sort of regulation to the industry. 

The episode also looks at crypto’s role in black markets and crypto scams. It points out that many other industries have scams, so blockchain and cryptocurrency aren’t unique in that regard, even though they are more unregulated. 

Episode 9: Mining and renewable energy

uncensored crypto solar panel for decentral publishing“In the US, we generate four terawatt-hours of electricity. We lose 200 to 300 gigawatts of electricity per hour just through friction in the transmission lines. All of the Bitcoin miners in the US use less than 200 gigawatts of electricity. So we’re just using energy that otherwise would be wasted. Over time, Bitcoin mining becomes more and more energy efficient.” – Fred Thiel

Top themes covered: 

  • Accessibility of crypto mining
  • Energy waste applications 
  • Energy consumption
  • Renewable energy

In episode nine, Uncensored Crypto looks at how the crypto mining industry has grown and how large corporations have overtaken Bitcoin mining. Then, the docuseries explores the unique ways some businesses use energy waste from crypto mining. 

It also presents arguments from crypto experts who make the case that mining may not consume as much energy as most people think and that it can even accelerate the adoption of renewable energy. 

Episode 10: Getting started in crypto, evaluating projects, investing/trading

“So this is the kind of thinking that leads to people missing out on the gains when you think that you’re already too late. A lot of us already have that thought all the time. ‘Oh, something’s already done a five X. I’m too late to invest in that,’ when in reality, no, it’s just getting started […] I think looking at crypto as a whole, no, we’re still very early, even with Bitcoin.” – Alex Benfield 

Top themes covered: 

  • Getting started in crypto
  • Evaluating crypto projects
  • Investing and trading crypto

The last episode of the docuseries is aimed at crypto newbies looking to get started in crypto. Uncensored Crypto shows that cryptocurrency doesn’t have to be complicated. Taking the simple step of investing just $20 will help set you on the path to keep learning more about it. 

The episode also gives tips for evaluating which projects are worth investing in and addresses the common myth that it’s too late to invest in Bitcoin or Ethereum. 

What are some major takeaways from Uncensored Crypto?

Future of bitcoin

uncensored crypto bitcoin for decentral publishingOne key takeaway from the docuseries is about Bitcoin’s future. Some in the cryptocurrency space view Bitcoin as outdated, especially considering that there are blockchain platforms out there that offer faster transaction times, better scalability, and lower fees. 

However, Bitcoin supporters point towards a healthy future for the original crypto. As mentioned throughout Uncensored Crypto, Bitcoin is currently seeing the most institutional adoption by countries worldwide and is being embraced by politicians. 

In 2021, El Salvador announced they would accept the crypto as official legal tender and began working to create a Bitcoin City powered by the natural geothermal energy of its volcanoes. 

In the US, Miami mayor Francis Suarez and New York mayor Eric Adams have announced their support for Bitcoin, with plans to take their paychecks in the crypto and turn their cities into hot spots for the crypto industry. 

However, the possibility of new regulations in the crypto industry could impact its future, and some countries such as China have already banned the use of Bitcoin altogether. Another concern is Bitcoin’s environmental impact, which is why Tesla stopped accepting it as payment in 2021.

While Bitcoin is still relatively young, the fact that it has been around so long and seen so much growth, especially in 2021 when it reached a peak of $69,000, shows that there’s still more to come for the king of crypto.

Future of investing in crypto

Another top takeaway is that the crypto industry is still young, and it’s the perfect time to start investing. In 2021, crypto investments increased 36% from 2020, for a total value of $9.3 billion. By late 2021, the total value of the crypto market reached $3.3 trillion.

As the docuseries explores, cryptocurrency and blockchain technology have the potential to decentralize the current financial system so that individuals have more direct control over their finances. 

Centralized exchanges like Coinbase, which are great places for beginners to start investing, have seen a considerable jump in membership, with a growth of 56 million users and a total valuation of $65 billion in 2021. 

Crypto has been around for a relatively short amount of time. But given its long-term trajectory and the potential applications of its technology in the future explored in the docuseries, it’s clear that holding it as a long-term investment can pay off for any investor. 

Hopefully, Uncensored Crypto has given you the information you need to make informed decisions about investing in crypto. If the docuseries shows anything, the industry is just getting started and its future is bright.

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Welcome to the January 28, 2022 edition of the Decentral Weekly Crypto News Wrap-Up, where Neil and Em take on the hottest cryptocurrency headlines and answer the question of the week: “Is this a thing?” 

It’s starting to look like “crypto winter” might extend into February.

Our weekly crypto news wrap-up is stacked: we talk about how cryptocurrency markets have wiped out over a trillion dollars in value, Twitter launching NFT profiles, the unfortunate Crypto.com hack, and more.

The crypto.com hack

In a previous weekly crypto news wrap-up, our “bad idea” was the fact that Matt Damon’s Crypto.com ad didn’t make the impact that the company had hoped.

crypto dot com hack weekly crypto news wrap up cryptocurrency headlines

Now it looks like the company may have much bigger issues worth millions of dollars.

Crypto.com admitted that a hack took place on January 17th, where unauthorized crypto withdrawals totaled over $30 million. 483 users were affected, but the company has stated that all customers were reimbursed for their losses.

How bad is this for Crypto.com, or is this just something that crypto critics are exaggerating?

Neil says:

Yeah, this isn’t good. Crypto.com probably has the most aggressive marketing campaign in the cryptocurrency sector right now, with the Staples Center naming rights deal and the Matt Damon ad. This is a pretty bad look, but the good news is everyone was reimbursed.

Em says:

The only thing I can really say about this is that it seems like everyone (including myself) can never hear this lesson too many times: self-custody your crypto! Please everyone, take security seriously. :’(

Bottom line:

Both Neil and Em agree this is a thing.

We have a consensus! Do you agree?

Twitter rolls our NFT profile pictures

The NFT boom of 2021 is continuing into 2022, with NFT sales remaining strong even amidst the overall cryptocurrency market slump. Now, there are more NFT artists and NFT companies than ever before. 

Twitter NFT profile picture pop up box weekly crypto news wrap up cryptocurrency headlines

What about those who want to “flex” on social media with the verified NFTs that they own?

You can now set an NFT as your profile picture, thanks to a partnership between Twitter and OpenSea. It’s good timing when you consider that the NFT boom seems to be ever-growing, and your profile picture will be changed to a hexagonal representation of your chosen NFT. The feature is being marketed as a perk of Twitter Blue, the company’s new premium service. 

It’s not that surprising that Twitter is embracing NFTs, especially given that Jack Dorsey is pretty vocal about being a pro-crypto billionaire. Elon Musk has criticized the feature, calling it “annoying.” Others have pointed out that the NFT profile pic feature seems to work even for NFTs that aren’t verified.

Twitter is one place where there seems to be more NFT criticism than anywhere else. Is this feature good, or will it just end up being a fad, or mocked mercilessly?

Neil says:

This isn’t going to be a “thing.” People who are not fans of NFTs are already creating hexagonal profile pics to try and fool people, and this seems more like a status thing than a mass adoption thing. I think this will be made fun of more than utilized.

Em says:

This is the kind of stuff we can expect to happen as adoption grows and the big players realize what they’re dealing with. Web3 isn’t perfect yet, and there are certainly conflicting narratives about how realistic it is, but this is part of the path to legitimacy… if we’re going to reach it.

Bottom line:

Neil thinks this isn’t a thing, and (no surprise) Em disagrees.

Who do you agree with?

Robinhood rolls out crypto wallets

There are several companies that are critical for cryptocurrency mass adoption, and many believe that Robinhood is one of those companies. The company has marketed itself as a millennial/Gen Z-friendly trading and investing app, and boasts around 18 million monthly active users. 

robinhood ipo listing page weekly crypto news wrap up cryptocurrency headlinesRobinhood started rolling out crypto wallets, and there are reportedly over 1.6 million users on the waitlist. 

As of right now, only 1,000 customers have access to the beta version of the crypto wallet. This could be much-needed good news for the company, which recently traded at all-time lows. And the company’s reputation has been tarnished a few times over the past two years.

How does this help in terms of mass adoption?

Neil says:

They’ve been talking about this for a long, long time. Robinhood’s reputation has suffered recently, sure, but at the end of the day, this is a big hit with younger investors (just look at the waitlist) which is difficult for finance/investing apps to accomplish. I think this helps.

Em says:

After the whole GameStop fiasco, I don’t know how many decentrally-minded crypto enthusiasts are bullish on Robinhood. I, for one, don’t really trust them. Their crypto options until now have been unattractive to boot. Can they redeem themselves? Idk, time will tell.

Bottom line:

Neil thinks this is a thing, Em disagrees and won’t be switching to Robinhood anytime soon.

What do you think? Is this another Robinhood disaster in the making?

Crypto crash erases over $1 trillion in value

Look, let’s be honest: cryptocurrency markets aren’t doing well right now. Let’s not forget though: the financial markets cycle and the traditional stock market is a great mirror to what is happening in crypto right now. 

Both Bitcoin and Ethereum have fallen to 6-month lows, and many average crypto investors are wondering whether “buying the dip” is really the best strategy right now. Believe it or not, over $1 trillion in value has been erased from the crypto markets.

Is this a typical “crypto winter” and will things pick up in the next couple of months as the financial cycle continues cycling back to business as usual? 

There is now word that President Biden will be issuing an executive order focused on cryptocurrencies and evaluating their associated risks, and it could be released as early as February 2022. A lot of crypto predictions might be aging pretty badly right now, but is it something to be REALLY worried about long-term?

There’s no way to get around it: this is obviously bad news for the cryptocurrency markets.

Neil says:

We’ve seen this before! Cryptocurrency is volatile. If we want historic bull runs, then we’re going to have to deal with corrections from time to time. I don’t think this is something to be concerned about long-term. Yeah, it’s bad, but the question is whether anyone remembers this “correction” 5 years from now.

Em says:

Oooooof. Yeah, this is a painful correction. I don’t think anyone would deny it. That being said, however……..BUY THE F*CKING DIP.

Bottom line:

Both Neil and Em think this a “thing,” but that it’s also just part of the crypto/stock market cycles.

We (sort-of) have a consensus? What do you think?

Meta and Instagram (and now YouTube) may launch NFT marketplaces

As mentioned earlier, we already know that Twitter wants to embrace NFTs. However, it looks like other social media platforms have the same idea. Both Meta and Instagram (owned by Meta) are reportedly interested in launching an NFT marketplace.

meta and instagram launch NFT marketplace weekly crypto news wrap up

The sources aren’t named, but Meta is reportedly looking to challenge OpenSea, the largest NFT marketplace in the world. Meta’s digital wallet, Novi, will likely play a role if the marketplace is launched. 

That’s not all—it looks like YouTube is now interested, as well. 

But with their recent decision to cut off their native creators, it’s not clear if YouTube has the time (or PR budget! ha) to take on another roll-out. Plus, given the fact that Facebook and Instagram are home to many cryptocurrency scams, some NFT artists don’t trust these platforms at all.

Is this good news, or will this just lead to Meta (formerly Facebook) being more powerful?

Neil says:

This is a tough one — so many crypto enthusiasts argue for decentralization, and argue that tech companies have too much power. I do think that there are plenty of NFT marketplaces out here that have a BIG head start, and honestly, I’m wary about this.

Em says:

Like the Twitter NFT play, this is probably good for adoption in the long run, even if it’s kind of *eyeroll* in the short run. Companies and brands know if they don’t make a play, they’ll lose out. It’s just a question of whether any of them will do it right.

Bottom line:

Neil thinks this is a “we should be wary” thing, Em thinks it’s a “I hope they do it the right way” thing.

No consensus! Which side are you on?

Bad idea of the week: Paris DR. TRIES to sell a X-ray NFT

Oh dear. In Decentral’s weekly crypto news wrap-up, we’ve examined a lot of bad ideas. We painfully read all about these bad ideas, discuss them, and then work hard to explain why we think they are bad ideas, or how it might be a bad look for the cryptocurrency industry in general. 

I have to say: this might take the cake (so far).

paris surgeon tried to sell and x ray NFTweekly crypto news wrap up cryptocurrency headlines

A senior surgeon at a Paris hospital decided to sell a patient’s X-ray as an NFT. 

Yes, you read that right. 

A senior surgeon – which is a licensed medical professional sworn to an oath to act in the best interests of the patient – thought it was a good idea to sell a patient’s X-ray… online… without their permission… as an NFT.

Obviously, Mr. Masmejean is now facing legal action and possible misconduct charges. The patient in question is a young woman who was shot in the arm during the 2015 Bataclan attack, where 130 people were killed. The young woman’s boyfriend was killed, as well.

Have we reached a point where we need to have a refresher on the code of ethics – and some basic laws – about patient privacy and protection?

Neil says:

This man is a “senior surgeon” and didn’t realize how illegal it was? There’s this disturbing trend where a lot of crypto enthusiasts think that, since the industry emphasizes decentralization, anyone can do anything with respect to IP. We saw after we wrote about the Dune story, which was the “bad idea” last week. This is shameful and disturbing.

Em says:

Omggggggg. Haha. Tokenization is supposed to PROTECT data and reclaim privacy for people. In case this person didn’t also realize… ummm… I don’t know what they call it in France, but I’m sure they have something equivalent to HIPAA. Gurl, bai.

Bottom line:

Neil and Em clearly agree this is a bad idea. (Ethics, yo)

What do you think?

Meme of the week

As always, Em brings you this beloved meme of the week:

meme by Emily Weber for Decentral Publishing weekly crypto news wrap up cryptocurrency headlines

And that’s our weekly crypto news wrap-up! We hope that you are weathering the crypto winter (at least as much as you can), and make sure to tweet us your thoughts/ opinions/ perspectives by tagging @decentralpub on Twitter.

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In episode nine of the Uncensored Crypto docuseries, Michael Hearne sits down with crypto experts to discuss cryptocurrency mining and its energy consumption. Topics covered include whether Bitcoin mining is worth it for anyone aside from large companies, the energy consumption of mining, creative ways that energy waste from crypto mining can be used, and renewable energy in mining.

uncensored crypto docuseries bitcoin in the middle of two fans for decentral publishing

The docuseries as a whole discusses how censorship is used to hide the benefits of cryptocurrency, DeFi, and decentralized systems from people looking for digital sovereignty and financial freedom. It also covers how crypto has the potential to completely change the traditional centralized systems as we currently know them.

But the ninth episode takes a step back and focuses on an important aspect of cryptocurrency: how it’s created and how mining could have some key benefits for the economy, improve our energy efficiency, and actually increase the development of renewable energy. 

Recap of topics covered in episode 9 of the Uncensored Crypto docuseries

Accessibility of crypto mining

“There’s a lot of incentives to mine Ethereum. And I get it that you can just make the argument of like, oh, well the pools make it decentralized. But honestly the fact that it’s the barrier to entry is one graphics card. One kid in his dorm room can support the network right now. Whereas, Bitcoin mining to run an S9, which is still going to be like four or five hundred bucks in today’s market, which is old gen equipment […] And so you really are starting to see this world where it’s like, if you want a Bitcoin mine, it’s for the wealthy or public traded companies or institutional money.” – Daniel Conover 

One worry in crypto mining, particularly when it comes to Bitcoin, is that only large mining companies stand to have any profitability and that individuals or smaller organizations cannot compete. 

This is because larger companies can purchase better quality equipment and more mining rigs, which gives them a higher chance of solving the mathematical equations needed to verify the blockchain. When they solve an equation, they can distribute the earnings to all the miners in the company. 

This means that a miner who joins a company or pool has a better chance of making a profit than working on their own. However, the docuseries examines the downside to this. If there are no individual miners or small organizations, then mining becomes centralized in a small number of larger companies. 

When it comes to verifying the blockchain, it’s better for there to be many different miners so the system remains as decentralized as possible.

Energy waste from crypto mining

uncensored crypto docuseries a rig of mining equipment for decentral publishing“Crypto mining has a dirty reputation in terms of its utilization of energy, and one of the things that I really enjoy about what we do is we help people take that power that goes into these crypto mines and find alternative applications for the heat […] For me, those are the types of applications that are exciting. We have people heating their homes, heating their pools. We have customers up in Scandinavia that are heating the sidewalks of their towns in an effort to prevent the use of salt and carbon in order to clear that snow.” – Gary Testa

The Uncensored Crypto docuseries explores the unique ways that some businesses are using energy waste from crypto mining. Crypto mining rigs produce a lot of energy because they are constantly running 24/7. 

This energy is in the form of heat, which is typically just wasted, adding to mining’s reputation as energy inefficient. As crypto mining becomes a bigger industry, miners have begun finding ways to use this heat to offset the emissions. 

The heat can be harnessed and applied to other industries, like heating greenhouses, homes, water, and food production. This ensures no energy is wasted and also benefits miners by giving them another stream of income to profit from.

Mining energy consumption

“In the US, we generate four terawatt hours of electricity. We lose 200 to 300 gigawatts of electricity per hour just through friction in the transmission lines. All of the Bitcoin miners in the US use less than 200 gigawatts of electricity. So we’re just using energy that otherwise would be wasted. Over time, Bitcoin mining becomes more and more energy efficient. The machines we use today are twice as efficient as the machines that people were using five years ago. And in five years, machines will be twice as efficient as they are today.” – Fred Thiel

Crypto mining has a reputation for consuming large amounts of energy. Indeed, this is a big reason why it’s not possible for any individual to just start mining in their home. The cost of electricity for running your rig 24/7 can quickly get too expensive. 

However, the Uncensored Crypto docuseries makes the case that mining may not consume as much energy as most people think and not much more than is already wasted in regular energy production. 

For this reason, some view mining as a key way to stop energy waste. In addition, some crypto experts view Bitcoin and other coins as a store of energy. This is because when electricity is produced, it must be either consumed or stored somewhere. So any excess electricity that power companies are unable to sell can be used for miners.

Renewable energy and crypto mining

uncensored crypto docuseries solar panels in a field for decentral publishing“If you think about Bitcoin as like an energy battery where you translate electrical energy into financial energy, and then you can transact that across time and space, that is going to lead to a whole bunch of innovations that are actually going to accelerate the transition to renewable energy-based infrastructure.” – Alex Brammar 

A constant critique of mining proof-of-work systems is how bad they are for the environment. This has led to more proof-of-stake blockchain technologies, such as Cardano, which emphasize being more environmentally sustainable. Even Ethereum is moving to a proof-of-stake system for this reason, among others. 

However, the Uncensored Crypto docuseries argues that crypto mining doesn’t have to be a drain on the environment. In fact, it can complement renewable energy and even accelerate its adoption. 

Many mining organizations have partnered with renewable energy companies to work towards sustainable solutions. This includes finding ways to use solar, wind, geothermal, and hydropower energy for mining. 

What does the future look like for mining and energy consumption?

Future of crypto mining

Mining Bitcoin has become increasingly difficult due to several factors such as the coin’s hash rate, its halving event every four years, and the cost of equipment and electricity.

Despite this, many corporations haven’t been dissuaded from setting up large mining operations, and many crypto experts still view crypto mining as a profitable industry.

First, as mentioned in the Uncensored Crypto docuseries, the future of crypto mining is with larger mining pools or organizations that can combine their resources. It’s nearly impossible for a single individual to successfully mine on their own. And given Bitcoin’s halving event every four years, the current reward for mining will be cut in half in 2024.

Miners must find top-of-the-line mining equipment, which can cost up to tens of thousands of dollars. They must also make sure the cost of electricity is something they’ll be able to afford. 

After Bitcoin’s explosive price growth in 2021, many new mining operations have been set up worldwide. Most notably, after El Salvador made Bitcoin official currency, they announced plans for a Bitcoin mining city. 

The docuseries shows that Bitcoin mining is still profitable, though it has come a long way from the early days and developed into a large industry.

Many experts believe the future of crypto mining lies in finding sustainable, renewable energy sources, which is a problem many cryptocurrency and energy companies are currently trying to solve.

Future of renewable energy in mining

In early 2021, Tesla announced it would start accepting Bitcoin as payment. But only a few months later they decided to stop, citing Bitcoin’s fossil fuel consumption and impact on the environment. In late-2021, Iran decided to ban Bitcoin mining in an effort to conserve electricity.

However, Bitcoin remains the most popular choice for institutional adoption by different countries, despite its impact on the environment. As shown in the docuseries, many governments and corporations are making strides to offset their emissions by relying more on renewable energy.

For example, El Salvador’s Bitcoin City is powered by the natural geothermal energy of a nearby volcano. And they weren’t the first to think of this– crypto mining operations have been set up in Iceland that also use natural geothermal energy. 

The crypto community is also well aware of the problem. Organizations like the Crypto Climate Accord and Square’s Bitcoin Clean Energy Initiative were created to help the crypto and blockchain industries reduce their carbon footprint. Their goal is to shift cryptocurrency towards renewable energy.

Many Bitcoin miners are looking to partner with renewable energy companies in the hopes that this will help Bitcoin be accepted as legal tender.

For example, energy technology company Lancium announced they were spending $2.4 billion to build a renewable energy-powered data center facility dedicated to Bitcoin mining. And another mining operation in South Carolina claims to be 92% carbon neutral.

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Uncensored Crypto docuseries episode 8 hits some important issues. Getting close to the end of the series, we’re combining one of the most boring topics (regulation) with one of the most intriguing (black markets). Either—or perhaps both—of those subjects can be a bit scary for some cryptocurrency investors. After all, lack of clear regulation and the uncertainty of black markets and scams have long been cited as reasons to not get involved in crypto investing. But they don’t have to be anxiety-inducing subjects. This episode of the docuseries sheds some light on why crypto regulation is important and how crypto black markets are different from other kinds of black markets.

uncensored crypto two people speaking quietly to each other for decentral publishing

Regulatory clarity

“Our economy flourishes because people can know the rules. They apply equally to everyone. You don’t cut your own special deals. And unfortunately in crypto, that’s kind of in the code. Either people are just getting away with stuff, kind of regulatory arbitrage and taking risks with regulation, or they’re getting crushed with regulation by enforcement.” -Congressman Warren Davidson, Congressman from Ohio

It’s a slow, uphill journey, but these days more politicians are jumping on the crypto bandwagon. Of course, it takes more than a handful of congressmen and senators to catch the vision before we actually see some coherent and beneficial crypto legislation come to fruition. On one hand, you have some very public support of crypto in cities like New York and Miami. 

At the same time though, there’s a lack of regulatory clarity that the SEC doesn’t seem inclined to improve. When Gary Gensler became the SEC chair at the beginning of 2021, the crypto world was optimistic because of history teaching about blockchain. But, by summer, hope had waned as Gensler’s actions portrayed anything but support for cryptocurrency. As Congressman Davidson says in the docuseries, for now, crypto remains a game of whack-a-mole between blockchain projects and regulators.

Blockchain needs new regulations

uncensored crypto a man in black and white with a bitcoin coin and money as a background for decentral publishing“But the bottom line is the entire legal structure for how to regulate these things needs to be redesigned. And it’s not crazy. This happened with the internet in the mid 1990s.” -Ryan Sean Adams, Founder, Mythos Capital

Probably the biggest problem in regulating blockchain and cryptocurrency technologies is that they’ve completely changed the game of finance. The whole point of DeFi was to create an alternate financial services industry by cutting out intermediaries. Right now, regulating intermediaries is the main way the government keeps the financial markets in check. As a result, regulations need to be completely reconceptualized to deal with trustless smart contracts and coded programs. This takes time.

Black markets

uncensored crypto mobile phone with a bitcoin chart on the screen and money under it for decentral publishing“They’ve often been very self-regulating entities. They abide by their own interpretations of what is ethical and what is not. It has its limitations, but to suggest that it’s just an anarchistic free for all in the blockchain space, it’s not.” -Jeremy Gardner, Founder of Augur and Blockchain Education Network

If you don’t know the story of Ross Ulbricht and how he created and went to prison for The Silk Road—a crypto black market in the early Bitcoin days—you definitely need to watch this episode of the Uncensored Crypto docuseries. Many cryptocurrency enthusiasts see Ulbricht’s conviction as a shot across the bow from regulators who were afraid of what blockchain could do.

Despite the fact The Silk Road was, in many ways, a self-regulating free market, it could not be permitted by the powers that be. Nevermind the fact that the government and the Fed regularly collude as a fiat money cartel, any completely free market operating outside the purview of big brother’s watchful eye cannot be allowed to exist. There are some who argue that the rise and fall of black markets like The Silk Road happen in part because there’s a lack of regulatory clarity. When DEXs and DeFi products are operating in a regulatory void, they can easily be targeted and shut down, whether they should be or not. The ongoing lawsuit between the SEC and Ripple is a good example of muddy waters causing confusion about what’s legal and what’s not.

Scams

“I find the main difference between them was that the ones I’d bought didn’t exist. And so consequently, they never came. And it took me a few days to realize that I’m dealing with a whole different world here. There’s nobody that I can appeal to. And dumb as it sounds now, in hindsight, hadn’t really understood that.” -Jack du Rose, Co-Founder at Colony

In this episode of the Uncensored Crypto docuseries, Jack du Rose discusses how he got scammed in the early days of cryptocurrency, trying to buy mining rigs that didn’t exist. The rude awakening that he faced was the fact that, in crypto, there were no consumer protections. Because it’s still largely unregulated, scams can and do often occur. The reality, however, is that scams exist in most industries. One of the reasons blockchain is such a rapidly innovating space is because it’s open and unrestrained. This is a blessing and a curse.

There’s an important balance to find between investors who are willing to self-educate and participate in a free and fledgling industry and creating clear regulations and consumer protections. There are voices all along the spectrum of what level of regulation is needed for cryptocurrency and blockchain, but one thing is certain, the battle is being duked out by regulators and innovators as we speak. 

Uncensored Crypto’s regulation takes

As we learned in this episode of the Uncensored Crypto docuseries, regulation is a topic with many shades of gray. While the cryptosphere is generally in favor of total separation from the current financial system, some kind of regulation is likely in our future.

The more money flows into cryptocurrency—the total industry market cap crossed $3 trillion in November of 2021—the more interest governments will have in regulating it. Of course, Uncle Sam wants his piece of the profits and nothing is going to stop him from trying to get it. But even if regulation is an inevitability, it could ease some of the tension and uncertainty that has historically slowed down adoption. If investors can feel certain they’re not constantly on the brink of imprisonment when investing in blockchain and cryptocurrency, they’ll feel more at ease joining the orange pill army. Not only that, when crypto projects can spend less time dodging and fighting regulators and more time building, innovation will move forward.

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In the Uncensored Crypto docuseries, we interview key figures about blockchain technology and its potential to change the world forever. Episode 7 of the docuseries focuses specifically on how cryptocurrency can help fight financial inequality.

There have been many arguments against crypto that have arisen over the years. Some criticize the fact that mining Bitcoin requires a lot of energy, but many of these same critics never mention that cryptocurrency could offer a bridge to the unbanked. 

In this episode, our CEO, Michael Hearne, converses with guests about blockchain, microloans, remittances, banking, and much more. Here are some interesting points made in Episode 7 of the Uncensored Crypto docuseries.

Banks are in trouble

uncensored crypto image of a bank for decentral publishingU.S. banks are bringing in hundreds of billions of dollars every year. Some believe there’s no way that blockchain can eventually bring them to their knees, especially when many banks are embracing blockchain technology and cryptocurrency now that they understand its potential. Brian Rose, a guest with 15 years of experience in the banking industry, thinks that you might be wrong if you share this opinion.

In the seventh episode of the Uncensored Crypto docuseries, Rose adds that stablecoins, in particular, are a huge threat to established banks right now. He claims stablecoins are currently “threatening the bread and butter of centralized financial institutions.” Brian believes that bankers are in this strange space where they have to deal with a battle between customer demand and regulation, and it’s not clear how it will play out. He adds: “It’s innovating at the speed of light right in front of our eyes.”

DeFi can power microloans

uncensored crypto stack of coins with a new plant growing out of it for decentral publishingBrock Pierce is a well-known crypto entrepreneur and he appears in this Uncensored Crypto docuseries episode to talk about DeFi. He points out that Muhammad Yunus and his research proved that microloans can help marginalized communities, but also recognized that it wasn’t necessarily that profitable for the banks. In other words, these small loans have to come from somewhere else.

Pierce believes that this is where decentralized finance will play a massive role. He thinks banks not offering more microloans is a “system problem,” rather than blaming the banks directly. According to Pierce, the good news is that blockchain allows the creation of new DeFi tools to tackle these problems.

Using the blockchain for good

Blockchain technology has many use cases and advantages over existing technologies, but many entrepreneurs are looking to create tokens or companies rather than change the world for the better. Luckily, there are some exceptions. Dr. Jane Thomason, an author, futurist, and social impact entrepreneur, makes an appearance in Uncensored Crypto episode 7 to elaborate on financial inclusion.

Thomason appreciates the fact that all it will take is a mobile phone and DeFi for someone to potentially become a blockchain entrepreneur, even without access to traditional financial infrastructure. She also asserts that one of the most significant blockchain use cases involves the idea of creating (and controlling) your own digital identity. 

Uncensored Crypto is here

The entire docuseries has a lot more to offer than just these insights, and we hope you take the time to check out the docuseries. Uncensored Crypto explores crypto, its many applications and use cases, and different perspectives about how crypto will change the world and how we think about money, power, censorship, and decentralization.

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