Motley Fool Money Diving Into Crypto
Jan 23, 2022
Bernd Schmid, a cryptocurrency expert and lead advisor for Motley Fool's Digital Explorers program, shares his insights on navigating the complex crypto landscape. He discusses how to differentiate between valuable projects and noise in the market. Key topics include the real-world problems blockchain solves, beginner investment strategies, and the fundamental differences between Bitcoin and Ethereum. They also explore innovative blockchain solutions in live streaming and the challenges faced by asset-backed currencies.
AI Snips
Chapters
Transcript
Episode notes
Beginner Crypto Allocation
- Start with Bitcoin and Ethereum for 80% of your crypto portfolio.
- Allocate the remaining 20% to one or two smaller, exciting projects after research.
Solving Live Stream Costs
- Video live streaming is expensive due to transcoding for various bandwidths.
- Blockchain-based peer-to-peer networks using GPUs could cut these costs significantly.
Smart Contract Use Cases
- Smart contracts can automate agreements like sports bets without middlemen.
- They are easy and cheap to operate.