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Episode 42 - Crypto!
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Cryptocurrency is ironically elegantly named. It seems, as the understanding of its function and meaning has become one of the most confusing new tasks in finance since the invention of fine print. The fact that the term NFT stands for Non-Fungible Token is likewise obtuse enough to be practically useless information among the general population. Yet, the words themselves buzz around among conversations with tales of millions of dollars made, and lost.
In this episode, I try to toss away the annoying jargon and address the pure concepts by which cryptocurrency works in the hopes of laying a stable groundwork upon which more rational decisions can be based.
With the understanding that the technology and marketplace are likely to persist far into our collective futures, it seems most proper to help clarify things in the hopes of foiling the devious plans of those who seek to mislead everyone.
This one goes out to all the Nigerian Princes…
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