CryptoValley Podcast

Ruzbeh K.

Background of the Host: As a former banker, RK has a middle eastern background who grew up in Germany and started his career as a banker in the middle of the financial crisis of 2008. He has been working with multiple startup banks and financial services around the world. Today, he resides in Europe and is an early stage investor of cryptocurrencies and other hard assets such as precious metals and real estate. Show Summary: Your banker doesn't explain you to understand investing for a reason. On this Podcast, we explore the history of money from its very inception all the way to its current state and most importantly its future. We also discuss how the current financial system illusions investors and consumers, and how you can exit and obtain your financial interdependence. If you are someone who has average to no experience in finance, and would like to take control of your financial future instead of trusting a banker or advisor to do it for you, then this podcast is for you.

  1. 06/19/2020

    What is Bitcoin? Part 2 - Episode 6

    So what is Bitcoin practically?   A fungible, durable, digitally recognizable, highly divisible, internationally transferable, open source, peer to peer, decentralized, permission less, trustless, censorship resistant, borderless, most secure, and transparently hard capped scarce digital asset.     Part 2: Durability, recognizability, fungibility, divisibility, peer-to-peer     It is as durable as the internet because for it to not be durable, its entire network and market participants would have to turn off their computers.   You can recognize that a bitcoin is real if your transaction gets successfully validated and credited into a digital wallet by the network because there is only one bitcoin network existing   This also makes bitcoin fungible (or interchangeable) because as long as you receive a valid transaction, you can interchange your coin with another coin as long    A so-called satoshi is the smallest unit of a bitcoin, equivalent to 100 millionth of a bitcoin, which is the 8th decimal place of a coin. (divisible)   It is peer-to-peer, which means that I do not need to trust any intermediary like a bank to make a transaction. I can directly send money from one wallet to another wallet This also means that I do not have to be a person or someone old enough to have access to money You also don’t have to have documents to access your coins (not subject to KYC), which makes bitcoin a complete permission less currency There are no “business-” or “working-hours” with bitcoin. The network just keeps working 24/7 and validates transactions. We always appreciate feedback, so feel free to send us an email to ruzbehk@cryptovalleyshow.com

  2. 06/17/2020

    What is Bitcoin? Part 1 - Episode 5

    So what is Bitcoin practically?   A fungible, durable, digitally recognizable, highly divisible, internationally transferable, open source, peer to peer, decentralized, permission less, trustless, censorship resistant, borderless, most secure, and transparently hard capped scarce digital asset.   In other words: Bitcoin is gold, but way better.   The decentralized nature of Bitcoin: The ledger of the debits and credit entries of Bitcoin are public (open source) and it is transacted on a decentralized network just like the internet but with a small catch: Its nature eliminates the possibility to counterfeit or copy any data Because Bitcoin is decentralized there is also: no single point to attack bitcoin (you can theoretically only cheat the network if your computer has more computer power than the entire network, which is impossible). no need to trust any ONE person or company for it to work (trustless) The fact that your transaction cannot be censored because there is no ONE person or company in charge makes Bitcoin censorship-resistant. Bitcoin is borderless because it doesn’t need to rely on any specific jurisdiction, location or government to work, which also makes it extremely easy to transfer compared to transferring physical gold.   The rules in the protocol of bitcoin states that there will only be 21 million bitcoins ever and since no ONE group or person is in charge and the network in decentralized, the number of total bitcoins cannot be changed, which makes bitcoin a very scarce asset. We always appreciate feedback, so feel free to send us an email to ruzbehk@cryptovalleyshow.com

5
out of 5
3 Ratings

About

Background of the Host: As a former banker, RK has a middle eastern background who grew up in Germany and started his career as a banker in the middle of the financial crisis of 2008. He has been working with multiple startup banks and financial services around the world. Today, he resides in Europe and is an early stage investor of cryptocurrencies and other hard assets such as precious metals and real estate. Show Summary: Your banker doesn't explain you to understand investing for a reason. On this Podcast, we explore the history of money from its very inception all the way to its current state and most importantly its future. We also discuss how the current financial system illusions investors and consumers, and how you can exit and obtain your financial interdependence. If you are someone who has average to no experience in finance, and would like to take control of your financial future instead of trusting a banker or advisor to do it for you, then this podcast is for you.