That Remote Life | Interviews with Digital Nomads and Location Independent Entrepreneurs

Over the last year and a half I've become very interested in crypto, the technology that makes it work, and the impacts that it has on our economy, business, and life as digital citizens. However, I am far from an expert on the subject, as I've said before I know just enough to be dangerous. So, I decided to talk with an actual expert on the subject and that is my guest today who you may know on the internet as Gerbz.

Gerbz has been very active in the crypto space for many years and is the man behind the fantastic crypto site Bitlift which aims to be an educational resource for people interested in Crypto. His article The Bitcoin Rabbit Hole was the first explanation I read about crypto when I became interested in the subject and is perhaps one of the best places to learn about it in layman's terms. During this interview, Gerbz and I went down the rabbit hole again and discussed the basics of money and why Bitcoin is so superior when compared to the other currencies of the world, what exactly is a blockchain, and why the technology is such a groundbreaking advancement that many people compare to the invention of the internet, and everything else you need to know as a beginner about the difference between bitcoin, ethereum, and the rest of the many many cryptocurrencies that have popped up over the last few years.

Show Notes

💬  Topics Discussed:
  • How Gerbz discovered crypto and what attracted him to it so much
  • What is money at its core?
  • Why is bitcoin so much better than fiat currency as a type of value transfer?
  • Why human greed will always sabotage money management
  • How does a block work, and why is it so much more secure
  • What does bitcoin mining mean, and what happens when it's all "mined"
  • What are bitcoin fees and how do they work
  • How do we use bitcoin on a daily basis when its value is constantly fluctuating
  • What is the core technological difference between Bitcoin and Ethereum
  • How can smart contracts and the Ethereum network improve the way we live and do business today
  • The difference between Ethereum as a network, and ether (ethereum)
  • Why no one government could ever completely shut down the Bitcoin or Ethereum network even if they want to
  • How will different countries react and deal with the rise of cryptocurrencies over the next 10 years
  • Where do all the other tokens fit into the grand cryptocurrency scheme
  • Why using tokens to raise money for your startup is actually a really good thing
  • How to think of cryptocurrencies in sectors, the same way that different businesses exist in different niches
  • What is DeFi and why is it such a big part of the cryptocurrency story
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What is That Remote Life | Interviews with Digital Nomads and Location Independent Entrepreneurs ?

That Remote Life is a podcast focused on helping you become location independent in order to live life on your terms. Serial entrepreneur and traveler Mitko Karshovski interviews some of the most successful entrepreneurs and digital nomads to help uncover the strategies and skills to help you reach the same success. Follow Mitko's journey in real-time as he builds his own location independent business and shares all the lessons and experiences. If you are someone who wants to get out of a desk job, start your own business, and become a location independent entrepreneur, then this show is for you. Visit the show online at ThatRemoteLife.com/podcast