1 00:00:00,160 --> 00:00:04,280 Speaker 1: Michelle Lily. She is an entrepreneur, cryptocurrency and technology investor, 2 00:00:04,320 --> 00:00:08,440 Speaker 1: in educator, philanthropris and like I said her mottold you 3 00:00:08,480 --> 00:00:11,840 Speaker 1: are the opportunity. Her company, her company, Crypto Rich, is 4 00:00:11,880 --> 00:00:16,280 Speaker 1: a technology company technology company specializing in blockchain and digital 5 00:00:16,320 --> 00:00:19,119 Speaker 1: currency education. Here that right now, That's why I'm a 6 00:00:19,160 --> 00:00:23,720 Speaker 1: master class block change and digital currency education. Our mission 7 00:00:23,760 --> 00:00:26,439 Speaker 1: today is to educate the culture on the fundamentals of 8 00:00:26,440 --> 00:00:32,599 Speaker 1: block change and blockchain and cryptocurrency conversation. Where African Americans 9 00:00:32,640 --> 00:00:35,519 Speaker 1: tend to not participate because we always last to the 10 00:00:36,200 --> 00:00:38,240 Speaker 1: to the opportunity. Well, let's trying to be first to 11 00:00:38,280 --> 00:00:41,280 Speaker 1: the opportunity. Please work with the money making conversation. Master Class, 12 00:00:41,640 --> 00:00:45,320 Speaker 1: Michelle Lily. How you doing, Michelle, I'm doing well. I'm 13 00:00:45,320 --> 00:00:47,479 Speaker 1: doing well, and thank you for having to be on 14 00:00:47,640 --> 00:00:51,840 Speaker 1: this call and in this conversation. Well, before we get 15 00:00:51,840 --> 00:00:55,360 Speaker 1: into the whole conversation about cryptocurrency, let's give some background 16 00:00:55,360 --> 00:00:57,440 Speaker 1: on you so I can educate my audience about who 17 00:00:57,480 --> 00:00:59,920 Speaker 1: you your journey to this point, because I would tell 18 00:01:00,080 --> 00:01:02,240 Speaker 1: you I have been a person who have invested in 19 00:01:02,280 --> 00:01:05,640 Speaker 1: the stock, I have not invested in cryptocurrency. I have 20 00:01:05,800 --> 00:01:07,960 Speaker 1: not invested in big corm. I don't even know what 21 00:01:08,080 --> 00:01:11,000 Speaker 1: it is. Okay, I hear about it. I'm nervous. But 22 00:01:11,080 --> 00:01:13,360 Speaker 1: before we even talk about that, let's find a lot, 23 00:01:13,440 --> 00:01:15,399 Speaker 1: find out a little bit about you. How did you 24 00:01:15,400 --> 00:01:17,840 Speaker 1: your history of education, How did we evolve to the 25 00:01:17,840 --> 00:01:19,679 Speaker 1: point that I can bring you on this call to 26 00:01:19,760 --> 00:01:23,479 Speaker 1: talk about something that is really defining the industry and 27 00:01:23,520 --> 00:01:27,800 Speaker 1: we as African Americans need to be participating in. Okay, 28 00:01:27,920 --> 00:01:31,160 Speaker 1: So just to give you some of my background, um, 29 00:01:31,200 --> 00:01:34,880 Speaker 1: I entered the space of cryptocurrency in two thousand and seventeen. 30 00:01:34,959 --> 00:01:39,320 Speaker 1: I started purchasing bigcoin of twelve dollars and at the time, 31 00:01:39,440 --> 00:01:43,760 Speaker 1: I knew nothing about big com, I knew nothing about cryptocurrency. 32 00:01:44,120 --> 00:01:49,480 Speaker 1: I knew nothing about blockchain, and uh. I entered into 33 00:01:49,560 --> 00:01:53,160 Speaker 1: a program that promised to pay you two percent a 34 00:01:53,240 --> 00:01:56,639 Speaker 1: day on your bitcoin. Long story short, that went away 35 00:01:56,720 --> 00:01:59,600 Speaker 1: and I lost some money, but I understood. I started 36 00:01:59,640 --> 00:02:02,640 Speaker 1: to under sam Bitcoin to know that bitcoin didn't scam me, 37 00:02:02,720 --> 00:02:07,040 Speaker 1: the platform scamp. And what I realized is something that 38 00:02:07,200 --> 00:02:10,640 Speaker 1: you just talked about. That's about about being around successful people, 39 00:02:10,800 --> 00:02:14,440 Speaker 1: because you can get the right information, and what I 40 00:02:14,480 --> 00:02:17,600 Speaker 1: didn't have was the right information so I decided that 41 00:02:17,639 --> 00:02:19,519 Speaker 1: I was going to get the right information and I 42 00:02:19,520 --> 00:02:22,040 Speaker 1: want to get blockchain certified, and I want to get 43 00:02:22,160 --> 00:02:25,760 Speaker 1: the theory and certified. And I went on to as 44 00:02:25,840 --> 00:02:29,440 Speaker 1: of tomorrow, I will take a final and after tomorrow 45 00:02:29,680 --> 00:02:32,440 Speaker 1: the first African American female in the world with a 46 00:02:32,480 --> 00:02:36,360 Speaker 1: master's degree in blockchain and digital currency from a top 47 00:02:36,400 --> 00:02:41,200 Speaker 1: five university in the world called University of Nicosia. So 48 00:02:41,680 --> 00:02:45,240 Speaker 1: from an academic standpoint, I went and really got educated. 49 00:02:45,400 --> 00:02:50,200 Speaker 1: But I am a active participant in the field of 50 00:02:50,320 --> 00:02:54,440 Speaker 1: cryptocurrency and the blockchain. Now here's an interesting thing because 51 00:02:54,440 --> 00:02:57,480 Speaker 1: you you publicly admitted on my interview that you got scammed. 52 00:02:58,000 --> 00:03:01,760 Speaker 1: And that's my fear because I no because let let 53 00:03:01,800 --> 00:03:04,320 Speaker 1: me just let me just back up why I am afraid, 54 00:03:04,919 --> 00:03:06,799 Speaker 1: and I'm shouldn't be afraid. I shouldn't even use the 55 00:03:06,800 --> 00:03:09,280 Speaker 1: word afraid. I just don't know, and I am feared. 56 00:03:09,320 --> 00:03:12,120 Speaker 1: Not the option ignorance is option, because I know I 57 00:03:12,160 --> 00:03:15,120 Speaker 1: can go to a Morgan Stanley and buy stock. I 58 00:03:15,120 --> 00:03:16,960 Speaker 1: know I can go to a you know, to a 59 00:03:17,000 --> 00:03:19,360 Speaker 1: Mirror Lynching buy stock because that's what I do. Okay, 60 00:03:19,400 --> 00:03:21,920 Speaker 1: I know you have apps that you can go and 61 00:03:21,919 --> 00:03:25,600 Speaker 1: buy stock. On how do you get in the cryptocurrency 62 00:03:25,720 --> 00:03:28,760 Speaker 1: gain and what is it? Because I know stock is 63 00:03:28,760 --> 00:03:31,280 Speaker 1: tried to like Apple, so I buy an Apple stock, 64 00:03:31,560 --> 00:03:33,880 Speaker 1: or I can buy home depot stock. I know I 65 00:03:33,880 --> 00:03:36,640 Speaker 1: can see the building, I can actually walk into my investment. 66 00:03:38,080 --> 00:03:41,120 Speaker 1: Cryptocurrency doesn't work like that. Bitcoin doesn't work like that. 67 00:03:41,240 --> 00:03:45,840 Speaker 1: What is what is? What is it? What is it? Okay, 68 00:03:45,880 --> 00:03:48,119 Speaker 1: So let me let me dissect a couple of things 69 00:03:48,200 --> 00:03:53,840 Speaker 1: that you just said there. Okay, because cryptocurrency. So let's 70 00:03:53,880 --> 00:03:58,040 Speaker 1: let's talk about cryptocurrency and bitcoin. Okay. So bit coin 71 00:03:58,960 --> 00:04:03,360 Speaker 1: is a protocol and it's more of a store of 72 00:04:03,520 --> 00:04:08,800 Speaker 1: value and a transfer, uh and and and in exchange 73 00:04:10,000 --> 00:04:13,160 Speaker 1: when you deal with other cryptocurrencies and the product. Let 74 00:04:13,160 --> 00:04:15,640 Speaker 1: me let me just back up. The protocol of bitcoin 75 00:04:16,560 --> 00:04:20,320 Speaker 1: is what makes bitcoin so valuable. And I'm gonna put it. 76 00:04:20,360 --> 00:04:22,320 Speaker 1: I'm I'm gonna put up. I'm gonna put a pause there, 77 00:04:22,320 --> 00:04:23,920 Speaker 1: I'm gonna put a semi cool and then we're gonna 78 00:04:23,960 --> 00:04:28,360 Speaker 1: come back to that. Because cryptocurrency, like you mentioned, like 79 00:04:28,440 --> 00:04:32,480 Speaker 1: apple stock, a lot of times people think that cryptocurrency 80 00:04:32,600 --> 00:04:35,120 Speaker 1: is just different currencies like a forest, like you're just 81 00:04:35,200 --> 00:04:38,680 Speaker 1: trading the USD for the end or you know the 82 00:04:38,760 --> 00:04:42,720 Speaker 1: euro for the paco. That's not what cryptocurrency is at all. 83 00:04:42,800 --> 00:04:48,599 Speaker 1: It's more like a hybrid between stock and currency. And 84 00:04:48,760 --> 00:04:51,440 Speaker 1: let me explain what I mean by that. When you 85 00:04:51,640 --> 00:04:56,040 Speaker 1: have a when you invest in a cryptocurrency, so like 86 00:04:56,200 --> 00:05:01,400 Speaker 1: say like um ec um because a lot of people 87 00:05:01,440 --> 00:05:05,000 Speaker 1: have heard of ethereum and it holds the second largest 88 00:05:05,040 --> 00:05:10,640 Speaker 1: market cap in the cryptocurrency space. So when there there 89 00:05:10,760 --> 00:05:15,680 Speaker 1: is a protocol behind Etherium and dealing with smart our contracts, 90 00:05:15,720 --> 00:05:19,039 Speaker 1: and it has a utility case. So these coins have 91 00:05:19,360 --> 00:05:23,080 Speaker 1: utility behind them. Just like the reason that you purchase 92 00:05:24,120 --> 00:05:28,080 Speaker 1: apple Stock is because of the products behind Apple well, 93 00:05:28,360 --> 00:05:31,480 Speaker 1: the same way that these coins do. The difference is 94 00:05:31,480 --> 00:05:33,480 Speaker 1: what makes it a hybrid. If I was to say, hey, Richard, 95 00:05:33,520 --> 00:05:37,120 Speaker 1: I send me five thousand dollars today in apple Stock, 96 00:05:37,240 --> 00:05:40,400 Speaker 1: you couldn't. You would have to cash it out and 97 00:05:40,440 --> 00:05:43,960 Speaker 1: then you would have to send me the capital. If 98 00:05:43,960 --> 00:05:46,279 Speaker 1: I told you to send me five thousand dollars in Ethereum, 99 00:05:46,480 --> 00:05:47,880 Speaker 1: you can send it to me right now and we 100 00:05:47,920 --> 00:05:50,000 Speaker 1: could probably verify it in the next ten minutes that 101 00:05:50,040 --> 00:05:53,000 Speaker 1: it has hit my wallet. Because it operates like currency, 102 00:05:53,480 --> 00:05:57,520 Speaker 1: but it has utility and value the same way that 103 00:05:57,600 --> 00:06:01,039 Speaker 1: stock does. And that's the miscon suestion and myth that 104 00:06:01,120 --> 00:06:05,120 Speaker 1: a lot of people have. They don't understand that cryptocurrency 105 00:06:05,640 --> 00:06:11,799 Speaker 1: has utility behind these coins. Bitcoin is a protocol and 106 00:06:12,000 --> 00:06:14,520 Speaker 1: it allows us to have a store of value. Because 107 00:06:14,520 --> 00:06:16,200 Speaker 1: I hear when a lot of people say that I'm 108 00:06:16,320 --> 00:06:19,760 Speaker 1: I'm scared of cryptocurrency. What we need to be somewhat 109 00:06:19,839 --> 00:06:26,800 Speaker 1: nervous about is the dollar, okay, because nobody's talking about 110 00:06:27,040 --> 00:06:30,000 Speaker 1: the value and the installation that we're dealing with. And 111 00:06:30,040 --> 00:06:35,640 Speaker 1: what bitcoin does, what makes it so valuable is two things. 112 00:06:36,320 --> 00:06:39,200 Speaker 1: Is one is not controlled by a central government. It's 113 00:06:39,240 --> 00:06:41,880 Speaker 1: a protocol and it's and it's a protocol on the 114 00:06:41,920 --> 00:06:49,279 Speaker 1: blockchain that is almost unhappable, meaning that it's decentralized, so 115 00:06:49,440 --> 00:06:52,640 Speaker 1: there's no one a central authority that's running it. It's 116 00:06:52,800 --> 00:06:54,720 Speaker 1: ran by no matter of fact. You could run to 117 00:06:54,800 --> 00:07:00,840 Speaker 1: know on on on a bitcoin blockchain, and those transactions 118 00:07:00,839 --> 00:07:05,240 Speaker 1: are verified by individuals that are running these nose and 119 00:07:05,279 --> 00:07:07,680 Speaker 1: computer hash power. I'm not gonna get into the technical 120 00:07:07,760 --> 00:07:13,480 Speaker 1: side of it, but it's almost secured. It's almost a cure. 121 00:07:14,080 --> 00:07:15,760 Speaker 1: It would have to be what we call a fifty 122 00:07:15,760 --> 00:07:19,160 Speaker 1: one percent attack, meaning that fifty one percent of the 123 00:07:19,240 --> 00:07:21,960 Speaker 1: nose would have to come together and agree to attack 124 00:07:22,080 --> 00:07:25,960 Speaker 1: that blockchain in order for there to be any fraugent activity, 125 00:07:26,600 --> 00:07:30,240 Speaker 1: which is almost impossible because these nose don't know each 126 00:07:30,240 --> 00:07:33,880 Speaker 1: other around the world. Let me just this. The thing is, so, 127 00:07:33,960 --> 00:07:36,720 Speaker 1: how does okay? So I put five thousand dollars because 128 00:07:36,960 --> 00:07:39,360 Speaker 1: because it's a bank wallet, right, it's called a wallet, correct, 129 00:07:39,560 --> 00:07:42,480 Speaker 1: that's where you keep Okay, So I'm learning that. Do 130 00:07:42,560 --> 00:07:45,000 Speaker 1: you educate me now? So, so I hope my listeners 131 00:07:45,040 --> 00:07:47,440 Speaker 1: are listening because you can call in four zero four 132 00:07:47,520 --> 00:07:50,000 Speaker 1: eight zero nine to five five if you want to 133 00:07:50,040 --> 00:07:53,760 Speaker 1: ask the caution, just like McDonald is learning. Now, how 134 00:07:53,800 --> 00:07:56,160 Speaker 1: does that value go up? So? If I put a 135 00:07:56,240 --> 00:07:59,560 Speaker 1: thousand dollars of cryptocurrency in my wallet, how does that 136 00:07:59,720 --> 00:08:03,040 Speaker 1: va you go up? Okay? So I'm glad you asked 137 00:08:03,080 --> 00:08:06,080 Speaker 1: that question. So let's talk specifically about bitcoin, because bitcoin 138 00:08:06,200 --> 00:08:09,400 Speaker 1: is the granddaddy of all cryptocurrencies. It rises and it 139 00:08:09,480 --> 00:08:15,160 Speaker 1: drops the market. So, first of all, bitcoin is scarce. 140 00:08:15,480 --> 00:08:18,600 Speaker 1: There's only twenty one million that will ever be made. 141 00:08:19,960 --> 00:08:24,840 Speaker 1: And yes, so it's more than twenty one millionaires in Houston, Texas, 142 00:08:24,840 --> 00:08:28,720 Speaker 1: where I'm at right now. Okay, not only is it scarce, 143 00:08:29,160 --> 00:08:32,079 Speaker 1: is deflationary. And what I mean by that because there's 144 00:08:32,120 --> 00:08:35,080 Speaker 1: only twenty one million that have ever been made. Think 145 00:08:35,120 --> 00:08:39,120 Speaker 1: about if there was only twenty one million dollars that 146 00:08:39,240 --> 00:08:42,800 Speaker 1: wherever that was ever created. And bitcoin, when I say 147 00:08:42,880 --> 00:08:48,800 Speaker 1: the deflationary, Bitcoin does a thing every four years called 148 00:08:48,800 --> 00:08:55,480 Speaker 1: they having, which means that the amount of of a 149 00:08:55,520 --> 00:08:59,120 Speaker 1: bitcoin that is put out and can't be mine is 150 00:08:59,160 --> 00:09:02,120 Speaker 1: cut in half us every four years. It was written 151 00:09:02,160 --> 00:09:04,920 Speaker 1: into the protocol. So think about if we were putting 152 00:09:04,920 --> 00:09:08,240 Speaker 1: a million dollars out in circulation every year, and every 153 00:09:08,280 --> 00:09:10,679 Speaker 1: four years we cut that amount that was going out 154 00:09:10,679 --> 00:09:14,760 Speaker 1: in circulations and half the value of that dollar would 155 00:09:14,880 --> 00:09:21,520 Speaker 1: rise significantly. Right, That's what happens because right because there 156 00:09:21,520 --> 00:09:25,000 Speaker 1: wouldn't be enough because they're scarce. That's what's happening with bighoin. 157 00:09:25,840 --> 00:09:28,920 Speaker 1: And the more and more that these institutional money, and 158 00:09:28,920 --> 00:09:32,160 Speaker 1: I'm not talking about retail investors, because retail investors follow 159 00:09:32,240 --> 00:09:37,319 Speaker 1: the institution money. When the more of these institutions are 160 00:09:37,360 --> 00:09:43,240 Speaker 1: realizing like your Morgan Stanley's, your UM what what's the 161 00:09:43,280 --> 00:09:50,440 Speaker 1: oldest insurance company? Uh? But your your your your city banks, 162 00:09:50,480 --> 00:09:53,120 Speaker 1: your chases the more that they're getting involved, and the 163 00:09:53,160 --> 00:09:56,600 Speaker 1: more that these companies like micro Strategy, which is you know, 164 00:09:56,760 --> 00:09:59,800 Speaker 1: a fortunate five company, that have all their money sitting 165 00:09:59,840 --> 00:10:02,920 Speaker 1: in all their cash reserves sitting in bitcoin, because they're 166 00:10:03,040 --> 00:10:07,400 Speaker 1: understanding what retail investors are not understanding that the inflation 167 00:10:07,480 --> 00:10:09,880 Speaker 1: that we're dealing with with all these trillions of dollars 168 00:10:09,880 --> 00:10:13,240 Speaker 1: being put out in the circulation. The value of our 169 00:10:13,280 --> 00:10:15,880 Speaker 1: dollar is going down so much. But bitcoin, if you 170 00:10:16,000 --> 00:10:18,720 Speaker 1: look at in the last ten years, it has a 171 00:10:18,800 --> 00:10:23,480 Speaker 1: two percent return per year based on what bitcoin was 172 00:10:24,600 --> 00:10:29,720 Speaker 1: ten years ago. Now they're understanding that the value of 173 00:10:29,840 --> 00:10:32,560 Speaker 1: bitcoin and the scarcity and the fact that it was 174 00:10:32,559 --> 00:10:36,280 Speaker 1: written into the protocol. So I can go, Michelle, I'm 175 00:10:36,320 --> 00:10:39,439 Speaker 1: not afraid no more. We're gonna talk about how I 176 00:10:39,520 --> 00:10:42,320 Speaker 1: got I gotta participate, that I gotta get in before 177 00:10:42,360 --> 00:10:45,839 Speaker 1: they cut this and half again. Okay, I think you 178 00:10:45,960 --> 00:10:48,440 Speaker 1: stunned my lessoners. Usually the phone is ringing off the 179 00:10:48,480 --> 00:10:50,240 Speaker 1: hook before I get back to my interview. I wanted 180 00:10:50,280 --> 00:10:53,480 Speaker 1: to talk about five tips on improving your ability to win. 181 00:10:53,960 --> 00:10:57,199 Speaker 1: I always tell anybody you know, it's about you, and 182 00:10:57,840 --> 00:11:01,000 Speaker 1: like her Model says Michelle Model, you are the opportunity, 183 00:11:01,480 --> 00:11:03,760 Speaker 1: and I always tell people, if you look into that 184 00:11:03,920 --> 00:11:05,960 Speaker 1: yourself and you really evaluate, a lot of people call 185 00:11:06,000 --> 00:11:08,720 Speaker 1: the vision boards. Here are five tips on improving your 186 00:11:08,760 --> 00:11:12,000 Speaker 1: ability to win. First, you need to identifying your strength. 187 00:11:12,080 --> 00:11:15,040 Speaker 1: Identify your strengths. What are you good at? You know 188 00:11:15,240 --> 00:11:17,280 Speaker 1: now what you like to do, not what you want 189 00:11:17,320 --> 00:11:19,400 Speaker 1: to do, but what are you good at? What is 190 00:11:19,440 --> 00:11:21,760 Speaker 1: your strength? When somebody comes to you, what are they 191 00:11:21,800 --> 00:11:23,959 Speaker 1: coming to you for on the regular basis? If they 192 00:11:23,960 --> 00:11:26,600 Speaker 1: come to your advice, they're coming for you to perform. 193 00:11:26,840 --> 00:11:29,640 Speaker 1: If coming to you to make something that is your strength, 194 00:11:29,840 --> 00:11:32,960 Speaker 1: start recognizing that. If you recognize that, then you can 195 00:11:33,040 --> 00:11:38,400 Speaker 1: charge people for that strength. Identify where you can improve yourself. 196 00:11:38,440 --> 00:11:41,480 Speaker 1: That's important because a lot of people will not accept criticism. 197 00:11:41,520 --> 00:11:44,440 Speaker 1: They will run from criticism. They get angry when they 198 00:11:44,520 --> 00:11:47,360 Speaker 1: hear criticism, and so when people can help them out, 199 00:11:48,040 --> 00:11:50,800 Speaker 1: they don't help mind because they don't feel like you're tripping. 200 00:11:51,760 --> 00:11:54,560 Speaker 1: Are you going off on them just because they're telling you, 201 00:11:54,559 --> 00:11:57,559 Speaker 1: you know, if you wasn't so rough in your tone, 202 00:11:57,640 --> 00:12:00,240 Speaker 1: if you if you if you showed up on time 203 00:12:00,280 --> 00:12:03,120 Speaker 1: and open your doors at the same time for your business, 204 00:12:03,320 --> 00:12:04,959 Speaker 1: if you then if you put a little bit more 205 00:12:05,040 --> 00:12:08,080 Speaker 1: food on that plate. Then guess what the customer will 206 00:12:08,360 --> 00:12:12,559 Speaker 1: not think you're being cheap. Consider the benefits of changing. 207 00:12:13,640 --> 00:12:17,480 Speaker 1: That's important. Set pacific goals. We all know that's important. 208 00:12:17,480 --> 00:12:19,319 Speaker 1: My goal every day, it's a simple goal. I get 209 00:12:19,360 --> 00:12:20,960 Speaker 1: up before thirty monthy through fried. I get it be 210 00:12:20,960 --> 00:12:25,439 Speaker 1: four thirty every day one through fried. That's my goal. Now. 211 00:12:26,720 --> 00:12:29,600 Speaker 1: I don't like getting up before thirty. I actually hate 212 00:12:29,640 --> 00:12:32,000 Speaker 1: getting up at four thirty. But if I don't, if 213 00:12:32,000 --> 00:12:33,439 Speaker 1: I get up at five thirty or sixth thirty, it 214 00:12:33,520 --> 00:12:36,559 Speaker 1: changes my whole day. So four thirties my get up time. 215 00:12:36,600 --> 00:12:40,680 Speaker 1: It's my success slot that I decided to get in 216 00:12:40,760 --> 00:12:43,560 Speaker 1: and make myself win. And the final thing I always 217 00:12:43,600 --> 00:12:46,360 Speaker 1: tell people on the five tips of improving your ability 218 00:12:46,400 --> 00:12:49,640 Speaker 1: to win is to be consistent. Please be consistent when 219 00:12:49,640 --> 00:12:52,440 Speaker 1: you speak to people. Please be consistent when you when 220 00:12:52,440 --> 00:12:56,080 Speaker 1: you make your products, you're delivering your product. Never make 221 00:12:56,080 --> 00:12:57,960 Speaker 1: an excuse. If you're supposed to get the product there 222 00:12:58,400 --> 00:13:00,720 Speaker 1: yesterday and to get to the next week, it's utiful. 223 00:13:00,840 --> 00:13:02,560 Speaker 1: It's not the post office and not fair that you 224 00:13:02,640 --> 00:13:05,800 Speaker 1: the problem. So accept the responsibility to be consistent and 225 00:13:05,840 --> 00:13:09,000 Speaker 1: guess what customers will respect that your friends will respect that, 226 00:13:09,040 --> 00:13:11,320 Speaker 1: your relationship will respect that. With all that being said, 227 00:13:11,360 --> 00:13:15,880 Speaker 1: let's get back to my friend who's called in cryptocurrency expert. 228 00:13:16,720 --> 00:13:20,599 Speaker 1: But Shechelle Lily, how do you know, Michelle Milichell. I 229 00:13:20,600 --> 00:13:22,280 Speaker 1: had to get that out, you know, you know on 230 00:13:22,360 --> 00:13:24,480 Speaker 1: my should this this is a master class the first 231 00:13:24,480 --> 00:13:25,760 Speaker 1: of the year. And what I'm trying to do, and 232 00:13:25,760 --> 00:13:27,800 Speaker 1: I thank you for coming on my show. I'm just 233 00:13:27,800 --> 00:13:31,800 Speaker 1: trying to give individual's information. And what I've learned is, 234 00:13:32,240 --> 00:13:34,040 Speaker 1: you know, you you go through a year and you know, 235 00:13:34,040 --> 00:13:36,280 Speaker 1: we're coming out of COVID, and COVID changed a lot 236 00:13:36,400 --> 00:13:40,360 Speaker 1: of people's mentality. You know, a lot of people were unemployed, 237 00:13:40,480 --> 00:13:44,079 Speaker 1: a lot of people, uh got evicted, a lot of people. 238 00:13:44,520 --> 00:13:48,000 Speaker 1: But that stock market in twenty was setting records. You know, 239 00:13:48,120 --> 00:13:50,240 Speaker 1: there was a certain group of people that were becoming 240 00:13:50,320 --> 00:13:53,600 Speaker 1: millionaires and billionaires, and there were a certain group of 241 00:13:53,679 --> 00:13:57,440 Speaker 1: people who who asking can you extend my rent? So 242 00:13:57,480 --> 00:13:59,800 Speaker 1: I wanted to get evicted, Can you give me some money? 243 00:13:59,800 --> 00:14:02,960 Speaker 1: They because I need childcare? Can you tell me what 244 00:14:03,000 --> 00:14:06,679 Speaker 1: I can do? So we've we've quickly become a country 245 00:14:06,679 --> 00:14:10,640 Speaker 1: where we all the haves and the have nots. And 246 00:14:10,720 --> 00:14:12,839 Speaker 1: so when I when I bring you on my show 247 00:14:13,000 --> 00:14:17,439 Speaker 1: Money Making Conversations Masterclass to talk about this, I'm asking 248 00:14:17,480 --> 00:14:21,040 Speaker 1: you to help us become part of the halves. And 249 00:14:21,840 --> 00:14:26,520 Speaker 1: you I want, I tell you explain stuff very very simple. 250 00:14:26,520 --> 00:14:28,920 Speaker 1: When I say that, that's important. And that's a compliment 251 00:14:29,160 --> 00:14:32,640 Speaker 1: because because I've read this in a book and it's 252 00:14:32,680 --> 00:14:35,880 Speaker 1: so complicated. Cryptocurrency and they need to repeat the word 253 00:14:35,920 --> 00:14:39,080 Speaker 1: cryptocurrency again to explain what cryptocurrency is. I don't even 254 00:14:39,120 --> 00:14:40,920 Speaker 1: know what cryptocurrency was the first time. Now you're gonna 255 00:14:40,920 --> 00:14:44,640 Speaker 1: put it in the definition and so and so when 256 00:14:44,680 --> 00:14:47,720 Speaker 1: I hear you speak to me, that's important because all 257 00:14:47,760 --> 00:14:50,960 Speaker 1: I'm asking for is a is an option to win. 258 00:14:51,560 --> 00:14:54,560 Speaker 1: So when you see people like me frustrated, what's the 259 00:14:54,640 --> 00:14:57,360 Speaker 1: number one thing that you tell people like me? Is 260 00:14:57,440 --> 00:14:59,720 Speaker 1: it to calm down, or you can it's not too 261 00:14:59,800 --> 00:15:01,840 Speaker 1: late to get in, or you need a lot of 262 00:15:01,840 --> 00:15:03,600 Speaker 1: money or a little bit of money. What what advice 263 00:15:03,640 --> 00:15:06,120 Speaker 1: do you give a person like me or anybody just 264 00:15:06,120 --> 00:15:08,960 Speaker 1: listening to my show. So I give I give a 265 00:15:08,960 --> 00:15:11,600 Speaker 1: couple of things, and one is this. The first one 266 00:15:11,680 --> 00:15:13,600 Speaker 1: is this, and this this one is gonna be maybe 267 00:15:13,640 --> 00:15:17,280 Speaker 1: a good punch for a couple of people when they 268 00:15:17,280 --> 00:15:19,600 Speaker 1: say that, you know, I don't understand cryptocurrency. You know 269 00:15:19,640 --> 00:15:21,760 Speaker 1: what I say, most of us don't understand the dollar 270 00:15:21,840 --> 00:15:23,640 Speaker 1: that we used in or the currency that we currently 271 00:15:23,680 --> 00:15:29,120 Speaker 1: operating in anyway. That's number one. The second thing is 272 00:15:29,760 --> 00:15:35,400 Speaker 1: nobody is waiting for your opinion or your understanding two 273 00:15:35,960 --> 00:15:39,640 Speaker 1: for it to go forward. It's like nobody's waiting on 274 00:15:39,680 --> 00:15:43,000 Speaker 1: our understanding for us to understand the current dollar. Most 275 00:15:43,040 --> 00:15:45,680 Speaker 1: of us can't make the type of money and the 276 00:15:45,800 --> 00:15:47,520 Speaker 1: half and the half note that we have right now 277 00:15:47,520 --> 00:15:50,160 Speaker 1: because we don't understand the current financial system that we're in, 278 00:15:50,880 --> 00:15:54,000 Speaker 1: let alone the new financial system that's being ushered in. 279 00:15:54,680 --> 00:15:57,760 Speaker 1: But nobody came and got our opinion when they changed 280 00:15:57,840 --> 00:16:01,320 Speaker 1: from where when I use the cards for everything and 281 00:16:01,360 --> 00:16:04,280 Speaker 1: now you're sending cash app and now you They didn't 282 00:16:04,280 --> 00:16:06,200 Speaker 1: come from get your opinion or your vote. They just 283 00:16:06,280 --> 00:16:08,240 Speaker 1: did it and they didn't care that you didn't understand. 284 00:16:09,400 --> 00:16:13,760 Speaker 1: So the same thing is happening with cryptocurrency, whether we 285 00:16:13,880 --> 00:16:16,120 Speaker 1: understand it or not, and most of us use that 286 00:16:16,200 --> 00:16:19,360 Speaker 1: as an excuse not to move forward or to understand 287 00:16:19,800 --> 00:16:23,400 Speaker 1: or to even understand it, because in essence, we feel 288 00:16:23,440 --> 00:16:27,400 Speaker 1: like they haven't given us the permission yet to do it, 289 00:16:27,480 --> 00:16:30,640 Speaker 1: because they're telling us know when they're going, when they're on, 290 00:16:30,760 --> 00:16:32,320 Speaker 1: they're on the back end. Up when you look at 291 00:16:32,320 --> 00:16:35,120 Speaker 1: all the institutional money that's being poured in the cryptocurrency 292 00:16:35,120 --> 00:16:38,080 Speaker 1: and all the big players that's getting involved, and we 293 00:16:38,160 --> 00:16:41,840 Speaker 1: think about the metaverse that's happening, and you know people buying. 294 00:16:42,000 --> 00:16:46,040 Speaker 1: Samsung just bought Landing the metaverse, and Nike just bought 295 00:16:46,320 --> 00:16:48,600 Speaker 1: uh did a deal with the Central land one of 296 00:16:48,600 --> 00:16:52,800 Speaker 1: the largest metaverses and cryptocurrency and so forth. They're not 297 00:16:53,000 --> 00:16:57,160 Speaker 1: waiting on us. So I say that if you don't know, 298 00:16:57,400 --> 00:16:59,920 Speaker 1: it's important to at least pay attention because most of 299 00:17:00,080 --> 00:17:02,360 Speaker 1: us don't understand the current fighting natural system that we're 300 00:17:02,360 --> 00:17:06,320 Speaker 1: operating in any way, So that let's not use that 301 00:17:06,400 --> 00:17:09,040 Speaker 1: as a as an excuse not to participate. We will 302 00:17:09,040 --> 00:17:12,440 Speaker 1: be right back with more Money Making Conversations master Class 303 00:17:12,560 --> 00:17:18,600 Speaker 1: with Rushan McDonald. Now let's return to Money Making Conversations 304 00:17:18,800 --> 00:17:21,879 Speaker 1: master Class with Rashan McDonald. I want to pull Gino 305 00:17:21,960 --> 00:17:24,400 Speaker 1: in Gino in Atlanta. He wants to call in Gino, 306 00:17:24,480 --> 00:17:27,119 Speaker 1: how you doing. Welcome to Money Making Conversations Master Class 307 00:17:27,119 --> 00:17:30,320 Speaker 1: how you doing all good man? I just want to 308 00:17:30,359 --> 00:17:39,520 Speaker 1: ask a question your opinion on on Ripple Flash x R. Michelle. 309 00:17:39,600 --> 00:17:41,280 Speaker 1: That's a question because you know, I don't know what 310 00:17:41,320 --> 00:17:44,399 Speaker 1: he's talking about. Are you familiar with what he just 311 00:17:44,400 --> 00:17:48,119 Speaker 1: said there? Michelle? Very much so, very much so un 312 00:17:49,680 --> 00:17:53,600 Speaker 1: or no, I'm just hold on hold before we get start. 313 00:17:54,040 --> 00:17:56,639 Speaker 1: We don't give out advice on the whole of the bye. 314 00:17:56,680 --> 00:17:58,840 Speaker 1: We don't do that on this show. Okay, this is this. 315 00:17:59,000 --> 00:18:00,680 Speaker 1: Don't don't come on by your were trying like little 316 00:18:01,359 --> 00:18:05,840 Speaker 1: jan said, No, no, no, no, you're not gonna do 317 00:18:05,880 --> 00:18:07,400 Speaker 1: me like that. You know you're gonna get me off 318 00:18:07,400 --> 00:18:09,160 Speaker 1: the air after one week. You know what I'm saying. 319 00:18:09,359 --> 00:18:11,720 Speaker 1: But what But what she will explain to you about that, 320 00:18:12,000 --> 00:18:13,720 Speaker 1: because that's why the show is about. You know, I 321 00:18:13,760 --> 00:18:15,879 Speaker 1: was just joking with you. She's gonna give you some 322 00:18:15,920 --> 00:18:18,240 Speaker 1: advice about the background about it, and I think that's 323 00:18:18,240 --> 00:18:25,680 Speaker 1: why you call Michelle. Yes, um, so ripple Ripple is 324 00:18:25,720 --> 00:18:28,080 Speaker 1: only so one thing I want you to consider. Ripple 325 00:18:28,200 --> 00:18:32,560 Speaker 1: is only having legal issues in the US, and oftentimes 326 00:18:32,560 --> 00:18:35,040 Speaker 1: we think that the US has controlled in the whole world, 327 00:18:35,760 --> 00:18:40,400 Speaker 1: and that's not that's that's only partially correct, um, and 328 00:18:40,600 --> 00:18:45,760 Speaker 1: cryptocurrency goes spans the globe and when so, Ripple has 329 00:18:45,800 --> 00:18:48,600 Speaker 1: so many partnerships with big banks in the US and 330 00:18:48,640 --> 00:18:51,199 Speaker 1: outside of the US. So this long suit is just 331 00:18:51,240 --> 00:18:54,000 Speaker 1: a lawsuit to slow it down from my opinion. Now, 332 00:18:54,000 --> 00:18:57,359 Speaker 1: this is just my opinion, um, And I think that 333 00:18:57,440 --> 00:19:01,440 Speaker 1: it's gonna come out favorable. And you know in in Ripples, 334 00:19:02,119 --> 00:19:05,520 Speaker 1: Ripple and Ripple's favor um. And when you're dealing with 335 00:19:05,560 --> 00:19:08,120 Speaker 1: a settlement, talken, because that's what Ripple is for those 336 00:19:08,160 --> 00:19:10,480 Speaker 1: that don't know, a settlement talking for us, a bank 337 00:19:10,880 --> 00:19:13,720 Speaker 1: for the banks. I mean, I think you're gonna have 338 00:19:13,760 --> 00:19:16,280 Speaker 1: a win there, um. And I think that the token 339 00:19:16,320 --> 00:19:20,160 Speaker 1: is being suppressed on purpose. So do you think it's 340 00:19:20,160 --> 00:19:30,320 Speaker 1: going to um challenge ysto. That's what it was designed for. Yes, 341 00:19:30,400 --> 00:19:32,159 Speaker 1: and I think that's one of the reasons that the 342 00:19:32,240 --> 00:19:36,880 Speaker 1: lawsuit came as well. That's all I need, Gino. Thank 343 00:19:36,880 --> 00:19:41,000 Speaker 1: you for calling money making conversation calling anytime, genal Y. 344 00:19:41,560 --> 00:19:44,960 Speaker 1: I appreciate you that. Michelle. Again, you know the interesting 345 00:19:44,960 --> 00:19:47,160 Speaker 1: about it is that you know, when big coin first 346 00:19:47,200 --> 00:19:50,119 Speaker 1: came out, it wasn't tied to a bank, least in 347 00:19:50,119 --> 00:19:52,800 Speaker 1: my mind. Keep cryptocurrency, and they heard all these corporations 348 00:19:52,800 --> 00:19:56,120 Speaker 1: investing in you hear about all these hedge funds investing 349 00:19:56,160 --> 00:20:00,080 Speaker 1: in these cryptocurrency the ethereums, and also you hear in 350 00:20:00,200 --> 00:20:03,400 Speaker 1: about these big corns and you tell me twenty one 351 00:20:03,480 --> 00:20:08,520 Speaker 1: million bit corns were made right there, I'm going like, okay, 352 00:20:08,600 --> 00:20:12,960 Speaker 1: who okay, Like it's like it's like these n f 353 00:20:13,000 --> 00:20:16,560 Speaker 1: t s. Okay, people like it's like they're just making 354 00:20:16,680 --> 00:20:18,640 Speaker 1: up stuff. And then all of a sudden people investing 355 00:20:18,680 --> 00:20:20,960 Speaker 1: in it, and then guess what it holds, the currency, 356 00:20:21,080 --> 00:20:24,680 Speaker 1: and then all of a sudden, it's all that's what 357 00:20:24,800 --> 00:20:29,520 Speaker 1: any dollar does. So ra Sean, money was just made 358 00:20:29,560 --> 00:20:31,600 Speaker 1: up about the blue from we just create We went 359 00:20:31,600 --> 00:20:33,600 Speaker 1: from the gold standard to the we just made up 360 00:20:33,680 --> 00:20:37,080 Speaker 1: dollars and people believed it because because they said that, 361 00:20:37,520 --> 00:20:39,600 Speaker 1: And the only thing that money is back, guys, is 362 00:20:39,640 --> 00:20:44,879 Speaker 1: the belief as a people. Wow, you're absolutely telling the truth. 363 00:20:45,960 --> 00:20:49,959 Speaker 1: And so so now with cryptocurrency. Now, now n f 364 00:20:50,040 --> 00:20:54,480 Speaker 1: t s and cryptocurrency are they are they the same? No, 365 00:20:56,640 --> 00:20:59,000 Speaker 1: before we get started, please tell everybody what is an 366 00:20:59,080 --> 00:21:04,320 Speaker 1: n f T. Yes, I hear somebody in the background 367 00:21:04,400 --> 00:21:10,639 Speaker 1: saying that. So as my producer this is his question. 368 00:21:10,880 --> 00:21:14,600 Speaker 1: Just I got an inside question. You know we can so, 369 00:21:14,920 --> 00:21:19,560 Speaker 1: so is a non is exactly what he said. It's 370 00:21:19,600 --> 00:21:23,040 Speaker 1: a non spongible token. And what that means is is 371 00:21:23,080 --> 00:21:26,600 Speaker 1: that it's it's unique. It can't be replaced with something else, 372 00:21:26,800 --> 00:21:30,560 Speaker 1: like something that's spongible. Spongible is something that's able to 373 00:21:30,560 --> 00:21:35,080 Speaker 1: be replaced by an identical item. So like, for instance, dollars, 374 00:21:35,480 --> 00:21:38,560 Speaker 1: I can replace dollars with dollars because it's an identical item. 375 00:21:38,840 --> 00:21:43,160 Speaker 1: When I'm dealing with something that's non spongible, I'm dealing 376 00:21:43,160 --> 00:21:46,000 Speaker 1: with something that's unique, like art. Right, That's where a 377 00:21:46,000 --> 00:21:50,560 Speaker 1: lot of people use art because it can become an original. Yes, 378 00:21:51,480 --> 00:21:53,480 Speaker 1: music sore, you're gonna see. So now you see a 379 00:21:53,520 --> 00:21:56,560 Speaker 1: lot of these artists. They're dropping their records and they're 380 00:21:56,600 --> 00:21:59,480 Speaker 1: dropping their albums as n S keys because now they 381 00:21:59,480 --> 00:22:02,959 Speaker 1: don't have to a through these platforms to sell their music. 382 00:22:03,000 --> 00:22:05,680 Speaker 1: They're selling them as n f T s. And because 383 00:22:05,960 --> 00:22:09,240 Speaker 1: it's built on the blockchain, which is a public letger 384 00:22:09,400 --> 00:22:12,160 Speaker 1: and anybody can see what's going on on the blockchain, 385 00:22:12,880 --> 00:22:19,760 Speaker 1: it allows them to to have ownerships directly that is 386 00:22:19,880 --> 00:22:23,640 Speaker 1: contracted through a smart contract on the blockchain and now 387 00:22:23,680 --> 00:22:26,080 Speaker 1: they can sell their So say, for instance, if I 388 00:22:26,119 --> 00:22:28,600 Speaker 1: was a musician and I sold my one of my 389 00:22:28,680 --> 00:22:31,160 Speaker 1: n f t s to you, I can also say, 390 00:22:31,240 --> 00:22:35,399 Speaker 1: every time you sell that NFC, I'm going to get that. 391 00:22:36,080 --> 00:22:38,640 Speaker 1: We're speaking to Michelle Lily. She's the first African American 392 00:22:38,680 --> 00:22:42,000 Speaker 1: female to receive a master's degree in blockchain and digital 393 00:22:42,040 --> 00:22:45,200 Speaker 1: currency from a top five university in the world. She's 394 00:22:45,200 --> 00:22:48,679 Speaker 1: a number of books out of own digital currency on 395 00:22:48,800 --> 00:22:51,679 Speaker 1: Cryptocurrency on bilcom. But you have a new book that 396 00:22:51,720 --> 00:22:54,760 Speaker 1: you have coming out in February, the Metaverse and n 397 00:22:54,800 --> 00:22:57,760 Speaker 1: f t S that you co offered with another graduate 398 00:22:57,760 --> 00:23:00,280 Speaker 1: of the school that you attended. Tell us about See, 399 00:23:00,280 --> 00:23:02,440 Speaker 1: you know, when you start talking, it almost sounds um 400 00:23:03,119 --> 00:23:07,320 Speaker 1: like Marvel Universe metaverse. You know, that's a character, that's 401 00:23:07,320 --> 00:23:10,600 Speaker 1: a that's a that's a that's that's a dimension in 402 00:23:10,320 --> 00:23:12,760 Speaker 1: the in the in the in the DC comic world. 403 00:23:13,040 --> 00:23:16,160 Speaker 1: And so but now now that's over here used as 404 00:23:16,160 --> 00:23:19,480 Speaker 1: an actual place you can invest. So tell us about 405 00:23:19,520 --> 00:23:22,480 Speaker 1: this new book that you're talking about, Metaverse and n 406 00:23:22,560 --> 00:23:25,680 Speaker 1: f t S. And then also, why are you emphasizing 407 00:23:25,800 --> 00:23:30,040 Speaker 1: women to be more uh, I could say knowledgeable and 408 00:23:30,119 --> 00:23:33,280 Speaker 1: informed about block change and digital currency and digital land. 409 00:23:33,320 --> 00:23:36,760 Speaker 1: So let's start with your book conversation first, Michelle. Okay, 410 00:23:36,840 --> 00:23:39,600 Speaker 1: so let's start with it. So I think it's important 411 00:23:39,720 --> 00:23:43,159 Speaker 1: for um us, and you know, I'm definitely one of 412 00:23:43,280 --> 00:23:48,160 Speaker 1: education um my people when it comes to this topic. 413 00:23:48,520 --> 00:23:51,399 Speaker 1: And when we think about the metaverse, you mentioned about 414 00:23:51,400 --> 00:23:53,680 Speaker 1: Marvel and it seems like it's cool and it's way 415 00:23:53,720 --> 00:23:55,480 Speaker 1: out there, but I want to break it down for 416 00:23:55,520 --> 00:23:58,200 Speaker 1: it so it makes sense to you. So think about 417 00:23:58,200 --> 00:24:01,160 Speaker 1: when you're on Facebook right now, you really in turn 418 00:24:01,240 --> 00:24:04,960 Speaker 1: into a metaverse on Facebook. You got your page, you 419 00:24:05,080 --> 00:24:07,600 Speaker 1: have different things that Facebook that you can do on 420 00:24:07,760 --> 00:24:11,040 Speaker 1: Facebook and so forth. The differences the metaverse is a 421 00:24:11,119 --> 00:24:13,560 Speaker 1: three D world versus a two D two D world. 422 00:24:15,160 --> 00:24:17,920 Speaker 1: That's what makes the metaverse different than the web two 423 00:24:17,960 --> 00:24:20,320 Speaker 1: point oh that we're dealing in right now. That's why 424 00:24:20,359 --> 00:24:22,480 Speaker 1: they call it web three point oh as well, because 425 00:24:22,480 --> 00:24:24,080 Speaker 1: it's a three D world that you're going to be 426 00:24:24,119 --> 00:24:27,159 Speaker 1: interacting in versus the two D world. But if you 427 00:24:27,200 --> 00:24:29,639 Speaker 1: think about from an n f T perspective, to add 428 00:24:29,680 --> 00:24:33,200 Speaker 1: that to it, your page is like your land, that 429 00:24:33,280 --> 00:24:36,080 Speaker 1: your digital land that you own on Facebook. But instead 430 00:24:36,080 --> 00:24:38,160 Speaker 1: of owning that you don't have any ownership right where 431 00:24:38,160 --> 00:24:40,080 Speaker 1: you're renting it right now, and you're renting it by 432 00:24:40,080 --> 00:24:44,360 Speaker 1: providing them your data that they can sell right well now, 433 00:24:44,400 --> 00:24:46,680 Speaker 1: in the metaverse, you would be able to own that 434 00:24:47,080 --> 00:24:49,720 Speaker 1: and you and the n f T would allow you 435 00:24:49,800 --> 00:24:54,679 Speaker 1: to own because that's a unique page of yours and 436 00:24:54,720 --> 00:24:58,000 Speaker 1: it would allow you to own that specific land in 437 00:24:58,119 --> 00:25:00,960 Speaker 1: that metaverse. Just say, if we face book as an example. 438 00:25:01,000 --> 00:25:02,560 Speaker 1: I'm just trying to make it make sense in a 439 00:25:02,600 --> 00:25:06,600 Speaker 1: real life for people so it doesn't go over their head. Well, 440 00:25:06,600 --> 00:25:08,600 Speaker 1: my whole thing is that. That's why, that's why I'm 441 00:25:08,680 --> 00:25:12,520 Speaker 1: enjoying this conversation, because nothing you've said in this interview 442 00:25:12,560 --> 00:25:16,240 Speaker 1: has went I felt above my basic knowledge, and I 443 00:25:16,280 --> 00:25:19,800 Speaker 1: think that's important. You know, this is not by I 444 00:25:19,840 --> 00:25:22,159 Speaker 1: got a degree in mathematics, but that's not helping me 445 00:25:22,280 --> 00:25:25,159 Speaker 1: learn anything else that you're teaching me, because it's straight 446 00:25:25,280 --> 00:25:28,119 Speaker 1: common sense. Because what you told me, the most important 447 00:25:28,119 --> 00:25:31,000 Speaker 1: thing is rashan. Nobody asked you anything about a dollar. 448 00:25:31,119 --> 00:25:34,120 Speaker 1: You just spend it. Nobody told you, They told you 449 00:25:34,200 --> 00:25:38,160 Speaker 1: this is one dollar, five dollars, this is ten dollars, 450 00:25:37,520 --> 00:25:40,080 Speaker 1: the hundred dollars, there's a thousand dollar bill. I think 451 00:25:40,119 --> 00:25:43,320 Speaker 1: out there somewhere, Okay, they had they started a two 452 00:25:43,359 --> 00:25:46,760 Speaker 1: dollar bill, then they stopped it. Okay, so you know 453 00:25:46,840 --> 00:25:48,840 Speaker 1: I don't like that two dollar bill. Stop using it. 454 00:25:49,000 --> 00:25:51,600 Speaker 1: We're gonna take that out of circulation. So that's how 455 00:25:51,840 --> 00:25:54,159 Speaker 1: that's how we have to look at cryptocurrency. It's no 456 00:25:54,240 --> 00:25:56,600 Speaker 1: different than them starting the two dollar bill and then 457 00:25:56,640 --> 00:25:59,040 Speaker 1: stopping it. But what you said, I think there was 458 00:25:59,080 --> 00:26:03,840 Speaker 1: more important is that it's not controlled by who. And 459 00:26:03,880 --> 00:26:06,320 Speaker 1: I think that's what you said earlier. You you said, 460 00:26:06,640 --> 00:26:12,640 Speaker 1: unlike the dollar, the cryptocurrency is not controlled by somebody. Correct, 461 00:26:12,840 --> 00:26:15,600 Speaker 1: it's not. It's not controlled by a central authority. Is 462 00:26:15,920 --> 00:26:18,720 Speaker 1: it is what we call centralized. So if you think 463 00:26:18,760 --> 00:26:22,200 Speaker 1: about Uber, right, at one time you had to call 464 00:26:22,280 --> 00:26:25,120 Speaker 1: into the taxi cab company and they had to dispatch 465 00:26:25,400 --> 00:26:28,240 Speaker 1: dispatch the money for you, I mean dispatch a cab 466 00:26:28,320 --> 00:26:32,800 Speaker 1: for you, and then Uber tank and people ran. Now anybody, 467 00:26:32,840 --> 00:26:35,359 Speaker 1: my next door neighbor can be my Uber driver. No 468 00:26:35,600 --> 00:26:39,040 Speaker 1: different than when you go in your bank and then 469 00:26:39,160 --> 00:26:42,400 Speaker 1: you go look gonna line. That's a central authority that's 470 00:26:42,400 --> 00:26:47,480 Speaker 1: controlling that and a central server. Well, and decentralized is 471 00:26:47,520 --> 00:26:52,320 Speaker 1: that all of us can run the network, and we 472 00:26:52,400 --> 00:26:54,920 Speaker 1: don't have to trust one person be and to tell 473 00:26:55,000 --> 00:26:56,800 Speaker 1: us that this money is there when we all know 474 00:26:56,880 --> 00:26:59,160 Speaker 1: that if everybody's going to made a bank run right now, 475 00:26:59,640 --> 00:27:02,280 Speaker 1: the bank would have to set down and they would 476 00:27:02,320 --> 00:27:04,080 Speaker 1: have to be in because they don't really have the 477 00:27:04,160 --> 00:27:08,959 Speaker 1: money there because they loaned ten times what they deposits. 478 00:27:09,040 --> 00:27:11,960 Speaker 1: So they it's a Positi scheme that's been running for us. 479 00:27:12,119 --> 00:27:16,480 Speaker 1: We just believe in it. Wow. And so when you 480 00:27:16,520 --> 00:27:19,160 Speaker 1: go to n f T S, like you said, orders 481 00:27:19,200 --> 00:27:22,439 Speaker 1: are dropping the music, you can get original art. This 482 00:27:22,520 --> 00:27:24,800 Speaker 1: is not a copy, but the original art that can't 483 00:27:24,800 --> 00:27:28,639 Speaker 1: be replicated. That's what we're talking about. Correct. Correct, And 484 00:27:28,680 --> 00:27:32,480 Speaker 1: so when somebody sells it, basically the person who originally 485 00:27:32,600 --> 00:27:37,200 Speaker 1: has access to can get a percentage of that sale. Correct. Now, 486 00:27:37,240 --> 00:27:41,320 Speaker 1: how is that track? Because that's what makes it non 487 00:27:41,440 --> 00:27:45,240 Speaker 1: funcible and that and it's tracked on the blockchain. So 488 00:27:45,680 --> 00:27:50,199 Speaker 1: if you think about the blockchain like a public ledger, 489 00:27:50,960 --> 00:27:55,520 Speaker 1: So any transaction that occurs on the blockchain, you can 490 00:27:55,600 --> 00:27:58,240 Speaker 1: go on the block explore and you can see that 491 00:27:58,359 --> 00:28:02,960 Speaker 1: transaction and any body can view that transaction. But based 492 00:28:02,960 --> 00:28:05,680 Speaker 1: on so I mun make it makes sense to you. 493 00:28:05,760 --> 00:28:08,480 Speaker 1: So say, for instance, that based on your routing number 494 00:28:08,520 --> 00:28:11,960 Speaker 1: and account number called we just call it a hash rate. 495 00:28:12,600 --> 00:28:14,600 Speaker 1: We just call it a hashtag. To see what I'm 496 00:28:14,600 --> 00:28:17,439 Speaker 1: saying that that's but that's the only difference. Wow. And 497 00:28:17,520 --> 00:28:20,639 Speaker 1: so with that being so, so just just laying it 498 00:28:20,640 --> 00:28:22,120 Speaker 1: out there for the people because we're about to wrap 499 00:28:22,200 --> 00:28:24,800 Speaker 1: up the show, just letting them know this, Okay, this 500 00:28:24,880 --> 00:28:28,480 Speaker 1: is not this is not a scam, this is this 501 00:28:28,600 --> 00:28:32,120 Speaker 1: is actual currency. This is the way people are doing business. 502 00:28:32,400 --> 00:28:34,640 Speaker 1: And we're either gonna get on or we're gonna sit 503 00:28:34,680 --> 00:28:39,640 Speaker 1: around complaining and get left out of game. Uh, you're 504 00:28:39,680 --> 00:28:43,440 Speaker 1: an educational tool that are helping people. But uh, the 505 00:28:43,560 --> 00:28:45,360 Speaker 1: other part of the two part question I have for 506 00:28:45,400 --> 00:28:49,960 Speaker 1: you is emphasizing women being educated about this being part 507 00:28:49,960 --> 00:28:53,880 Speaker 1: of the digital world. Why are you doing that? It's 508 00:28:53,920 --> 00:28:57,280 Speaker 1: important to because typically women are left out of finance. 509 00:28:58,200 --> 00:29:02,240 Speaker 1: We are definitely a huge minority in the finance community. 510 00:29:02,240 --> 00:29:06,240 Speaker 1: And where in the finance industry and in tech, we 511 00:29:06,360 --> 00:29:09,440 Speaker 1: we found way short in those two industries. Well, when 512 00:29:09,440 --> 00:29:12,600 Speaker 1: you talk about cryptocurrency and the block chain, who's married 513 00:29:12,640 --> 00:29:17,160 Speaker 1: those to this marriage technology and married finance. And so 514 00:29:17,440 --> 00:29:20,280 Speaker 1: I want to make sure as a woman specifically as 515 00:29:20,320 --> 00:29:23,880 Speaker 1: a black woman, that we are not left behind when 516 00:29:23,920 --> 00:29:25,760 Speaker 1: we have the chance to get in front of it. 517 00:29:25,800 --> 00:29:28,680 Speaker 1: Because let me just say this, only fourteen percent as 518 00:29:28,720 --> 00:29:32,080 Speaker 1: as as known as you are, you don't own cryptocurrency, 519 00:29:32,360 --> 00:29:35,360 Speaker 1: which means that we are still in the early adopter stage. 520 00:29:35,840 --> 00:29:38,080 Speaker 1: So we have to choose whether we're gonna be in 521 00:29:38,160 --> 00:29:41,320 Speaker 1: two thousand when Amazon came out as by Amazon stock 522 00:29:41,400 --> 00:29:45,600 Speaker 1: and get rich, or whether we're going to wait for 523 00:29:45,680 --> 00:29:48,880 Speaker 1: everybody to start buying Amazon stock and for us to 524 00:29:48,920 --> 00:29:52,320 Speaker 1: get permission from the people that have kept us back 525 00:29:52,360 --> 00:29:55,640 Speaker 1: in our current financial system that we operate in to 526 00:29:55,800 --> 00:30:01,200 Speaker 1: say okay, now it's okay. Michelle. I want to thank 527 00:30:01,240 --> 00:30:04,200 Speaker 1: you for calling it on Money Making Conversation Masterclass. I 528 00:30:04,240 --> 00:30:06,440 Speaker 1: know you have a boot camp coming up January twenty 529 00:30:06,480 --> 00:30:08,680 Speaker 1: two and twenty three in Houston, Texas. Do you have 530 00:30:08,720 --> 00:30:12,400 Speaker 1: a website? Yes, they can go to I am Digital 531 00:30:12,480 --> 00:30:16,600 Speaker 1: Diva dot com and Crypto Reach dot com. And you 532 00:30:16,640 --> 00:30:19,360 Speaker 1: are a diva, you are a cryptocurrency deeva. I want 533 00:30:19,360 --> 00:30:21,080 Speaker 1: to thank you for calling in on money Making Covers. 534 00:30:21,360 --> 00:30:23,960 Speaker 1: I'm a friend a friend, and if you ever need anything, 535 00:30:23,960 --> 00:30:26,720 Speaker 1: please call in and just keep us educated, keep us learning. 536 00:30:26,800 --> 00:30:29,400 Speaker 1: It's the first quarter. This is when you change people's lives, 537 00:30:29,400 --> 00:30:30,880 Speaker 1: and we want to make sure that you're part of 538 00:30:30,920 --> 00:30:34,280 Speaker 1: that big change and money my money making Conversation masterclass. 539 00:30:34,880 --> 00:30:36,960 Speaker 1: I hope you, I hope you're comfortable with this interview 540 00:30:37,000 --> 00:30:39,800 Speaker 1: because I was very very well informed and educated and 541 00:30:39,920 --> 00:30:41,520 Speaker 1: I am a person who's going to get into the 542 00:30:41,520 --> 00:30:44,560 Speaker 1: cryptocurrency game, in the big cooin game as well as 543 00:30:44,560 --> 00:30:46,920 Speaker 1: the n FT game, because that people have been coming 544 00:30:46,920 --> 00:30:49,200 Speaker 1: to me and I have not known how to react. 545 00:30:49,520 --> 00:30:52,080 Speaker 1: At least, this starts me in the conversation of being 546 00:30:52,080 --> 00:30:55,080 Speaker 1: comfortable to respond. And also you know that I can't 547 00:30:55,120 --> 00:30:57,800 Speaker 1: proticipate because it's part of the economic world that we live. 548 00:30:58,200 --> 00:31:00,720 Speaker 1: Thank you, Michelle, liv appreciate you.