#20 - Cryptocurrencies! What are they and should you buy it?!

<p><strong>About Cold Brew Money:</strong></p> <p>Cold Brew Money is a podcast about finance, investing, businesses, and a lot more. We discuss money because your friends and family don’t.</p> <p>There is a stigma around the topic of money, people don't want to discuss finance. We believe it's important to not only discuss finance but also master it.</p> <p>We will be talking about budgeting, scheduling, investing in stocks, bonds, index funds, valuation, and a lot more all while sipping on coffee!</p> <p>Today we have with us, <strong>Ian Phillips</strong>.</p> <p>Ian Philips is a Blockchain developer and co-founder of Etherize, a hybrid formation portal that helps crypto organizations leverage legal entities and legal entities to leverage blockchain tools for the benefit of their communities, users, and investors.</p> <p>Follow him on Twitter: <a href="https://twitter.com/realpalebone"><u>https://twitter.com/realpalebone</u></a></p> <p>About Etherize: <a href="https://www.etherize.io/"><u>https://www.etherize.io/</u></a></p> <p>Talking Points:</p> <ul> <li><em>What is a cryptocurrency? Why do we need one?<br> </em></li> <li><em>How does Bitcoin work?<br> </em></li> <li><em>What is Bitcoin used for?<br> </em></li> <li><em>Why is Bitcoin's market cap so much higher than other coins' even though it's slow and its technology isn't as good as others'?<br> </em></li> <li><em>What is Ethereum and how is it different from Bitcoin?<br> </em></li> <li>What are smart contracts?<br> </li> <li><em>What is Ethereum Used for?<br> </em></li> <li><em>What are the threats to cryptocurrencies?<br> </em></li> <li>In the intro, we mentioned you’re using decentralized tools to help bridge the etheric and legal worlds. What are some examples of decentralized tools?<br> </li> <li><em>Where should someone who is interested in investing in this space start? Are there any ETFs?<br> </em></li> </ul> <p>Resources:</p> <p><a href="https://mlsdev.com/blog/156-how-to-build-your-own-blockchain-architecture"><u>https://mlsdev.co