What may we expect for Crypto adoption and Crypto investment?
— Why education is essential for the Crypto Space
August 07, Tweebaa TV hosted a special live stream. We have invited David Gokhshtein, the founder of Gokhshtein Media. He is a popular public speaker, sharing his motivational insight and knowledge on current blockchain and digital asset news. David continues to lead with dynamic energy within the crypto-space and was named one of the Top 25 Cryptocurrency Influencers for 2018*.
David is also hosting Blockchain Breakfast and he mentioned in his previous show that education is crucial in the crypto space and a lack of understanding of this field leads to 95% investment lost. In #TWEE4me Live Show, David and Denis have discussed how Crypto would be adopted in the real world and how a new player can start their digital asset investing?
In this Show, David explained the current Crypto Adoption in North America with plenty of examples and unique insights.
Denis: Tonight’s show is about Crypto Adoption. Crypto Adoption is something that David is very concerned about and when I first met David online I realized that he’s speaking the truth. If we don’t get our grandmother, uncles, brothers, cousins and all the people in the up truck talking about crypto, then we got a problem. And if we do do that, it’s gonna be great. So without any further delay, let’s say hello to David Gokhshtein.
David: Thank you very much for having me on the show. I appreciate it. I look forward to going ahead and talking about adoption. That’s a big word with me, especially for this (crypto) space. Blockchain and obviously digital assets though people may not understand what’s digital asset So I will say cryptocurrencies.
Denis: So if we’re talking about digital assets and we’re talking about all these things that people are learning about. I’m taking my time and making these into a really simple video. Beyond that, I’m looking at stuff that you are posting about Visa and another pay system where you can exchange anything from anything? Are those the answer?
David: To get adoption into this space. Because right now we’re all stuck on crypto twitter and that is not an adoption to me. Adoption starts when you have a Visa coming in or when you have a Mastercard coming in. In Paypal, there are 325 million users or more. That’s a big number. If you get 1% of that into the crypto space and you’re going to see the liquidity will go shooting up. Besides the volume going up, people are able to accept digital assets in the real world.
For example, people who are on eBay selling stuff and they can choose to accept Bitcoin, XRP, LINK, TWEE etc. I’m sure that Amazon, Google and the big boys in silicon valley are working on their own thing. For now, we have the news that Paypal is going ahead and putting something together to jump into the Crypto Space, which is big. On the other hand, we’ve done enough on crypto twitter. It’s time to go to the “Bingo Halls”. It’s time to talk to five/six people that might be interested who don’t know how to get into it. We do have fidelity that it does allow boomers to invest into cryptocurrencies or digital assets, which is a positive part. But we need more people going out there from the space to educate people on these digital assets and on the blockchain itself. That’s all about it.
Denis: You talked about how Bitcoin’s blockchain is slow and old. And the newer blockchain is much faster, and obviously those of us, or all of us had that first experience when we got crypto. So XRP and this other new Cardona are gearing themselves to be faster, is that the advantage of them?
David: I think in 2017 everybody is focused on who’s faster. Now in 2020, you should be focused on what actually has a real use case, rather than what is faster. Pretty much every single digital asset, besides Bitcoin (no disrespect to Bitcoin because it makes up most of my portfolio), are pretty fast. XRP is super fast. Again, any token that you can name right now is pretty much fast. If you are going to stop and shop something in Costco with your Bitcoin, You are gonna make about 24 people fall asleep behind you. By the time the track is an action going through and fees that you’re going to get assessed, which is ridiculous. But if you are using something like XRP or XLM to pay your shopping list, you can just “Bang” and payment completed. That’s how adoption starts as well. Because you need the merchants to actually accept cryptocurrency and that’s we don’t have. This Crypto space is so young we don’t really understand how this all works in terms of adoption. It means that if my corner store is not accepting cryptocurrency, the adoption doesn’t happen. It’s just circling around here on crypto twitter.
Denis: Basically, everybody lives in crypto they just don’t really believe they do. The other funny question from older folks is “Well, where is all this money coming from? If I have money somewhere in the sky where is it?” As you said we’ve had enough crypto twitters, we have to find a way to reach these people and get them in the ‘Club’. The question is how can we reach them and is there a credit card that you can simply buy crypto with?
David: Uphold. At Uphold, you can get a debit card to hold your cryptocurrencies and spend Bitcoin in a very easy way. Going back to it, this is adoption. A lot of people don’t get it or don’t really want to research it. They still have that opinion that it’s “magic money”. What is this address? Where am I sending to? What if I hit the wrong key or I don’t know how to copy and paste? The truth is we have to make it simple. Like the fiat transaction, you will get your bill that says how much you spent last week. We have to get away from addresses and make it simple. Nobody can really lose their money. I love the concept of decentralization being able to be your own bank. So I can do that in split seconds. I can send you money if you’re in Japan. That’s how transparency starts. We have to teach people that are interested in the space how to go ahead and go about using the technology that we do have. Because blockchain is amazing and so do digital assets. There are a lot of real use cases if you sit down and look at it, you just go ahead and say ‘Wow!’. That’s adoption starts!
David: Decentralization means that you are actually gonna build trust with the person on the other side. That’s the thing about decentralization people don’t understand. We lost trust. We’ve lost trust with the banking system. We’ve lost trust in general and it brings back trust. I now trust that when I buy a suit on a blockchain. It says that this suit was produced by Hugo Boss at their company and not produced in Chinatown. Blockchain now is the solution and the trust factor is.numbers of companies save money because you can track their product and you know nobody’s selling knockoffs. That’s the really amazing thing about blockchain technology. It’s the trust factor that gets built.
Denis: Well doubling back to the topic of the show, Crypto Adoption. How do individuals talk to other individuals what to do? It’s not recommending, it’s just about how we can get people to look at it?
David: We can show them the current date that we have from 2009. So far in the last 11 years, we can go ahead and show data for how Bitcoin, for instance, has played out. Because that’s the one that you would really look at. Here’s Bitcoin, look how it’s charted. It went from nothing to worth billion dollars. It went all the way up to almost $20,000. It keeps on heading in the right direction. For me, it’s following gold and I got into gold and silver when everybody told me that was a joke to do. But at the end of the day, you bring somebody in and you can try to let them put a few dollars and see how it works out. But this goes to adoption again I think. At least you have to have somebody there that understands what digital assets are, so they can sit down with their client and detail by detail explain how they benefit by investing in. You can use e-trade. With little 2mins clips in Laymen’s terms explaining what the benefits of investing into a digital asset are. Every market for me personally is set up, you should diversify your investment. That’s the best way that I can put it in Gold/Silver, digital assets or real estate. People can go ahead and listen to your advice or mine but if somebody doesn’t have their own mind set up or they don’t do their education, then you know they’re most likely going to lose. That’s the best way to go ahead. This is not where you come in and you just go ahead and throw something and you hope. There’s no hope. You’d better do your research, and then you hope that you made the right decision. You shouldn’t go ahead and take a test without doing your homework first.
Denis: So I encourage everybody to go to David’s website. On the website, you can get free magazines. 80% of the contents are about digital assets and blockchain technology. The rest are lifestyle-related.
David: I’m a bit on that your mind or your health should come first before anything. The money will always come if you invent something. You don’t need to chase money if it’s good and people like it. The money will always follow. Just make sure that you make a project that has a real use case. Get your health in order, exercise a bit. This is not going anywhere. Your computer is going to stay right there. The market’s always going to be here. This market is going nowhere but up. Just like our current market on the other side.
Denis: Tonight we are giving away 25 TWEE. It’s funny we gave away a 100 TWEE six or seven weeks ago and it was worth about $180 and tonight we are giving away 25 TWEE and it’s worth about $250. We will have a big winner and then we will have a video contest. I just want to give a shout out. I met a lot of really great friends on Twitter that helped me.
David: You had a really engaged community. Because I was tagged in everything. Every morning when I open my phone and I’m tagged, I know that I’m coming on the show. I opened up my Instagram account and I’m tagged every 5 minutes. You are building a pretty good community because they seem very amped up to go ahead and go excited. I found it extremely cool to see that you are building a community out there and they are being extremely aggressive. That’s how these top successful projects work. The great project always has a really good community behind them. In the community, they’re willing to help you at any time, they are willing to educate you and I think for the most part every community is.
Next Episode overviews
On 14th August, we are thrilled to invite David Grasso from Bold!TV. David is also the host of “Bold Business” on Bold TV, an online television show that spotlights entrepreneurs and their entrepreneurial journey. In the next show, David Grasso and Denis O'Brien will share their views on crypto investing and give some hints on Crypto investment strategies for Millennials.
External reading
The original Live Show @Tweebaa TV: www.youtube.com/watch?v=NM822mZaLYE (validated until 13th August)
THE LOGIC BEHIND 100X ALTCOIN| TWEE’S CONTINUOUS INCREASES IN LAST 7 MONTHS
Emmy Winner Producer Denis O’Brien Host #IsTweeforMe Live Show on YouTube Channel
What To Ask (And Red Flags To Look For) Before Investing In Any New Token
