Cryptocurrency: Hype vs. Fact | Anca Pop | TEDxNashville
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- Опубліковано 1 жов 2024
- A short introduction to cryptocurrency - past, present, and future, starting with the macroeconomic view of cryptocurrency and looking into the cryptocurrency market future. A short video about transferring digital assets is shown as well. Anca Pop is a serial entrepreneur with success in tech, fintech, and healthcare. Leveraging extensive experience with product design, and automating manual processes through technology, Anca is a valuable asset for companies seeking guidance on blockchain and the use of crypto-currency. Anca is involved with several businesses as an advisor and partner - Adela Investment, a crypto-currency hedge fund based out of Nashville TN; CEO and Founder of Striker Advisory, an information security consultancy. She also owns Luxurious Clean and Sharon Michie which are companies that support other women in their entrepreneurial venture from a cleaning company to custom fashion design. Anca holds an M.B.A. from Owen Graduate School of Management, Vanderbilt University; a B.B.A. in Computer Information Systems from Eastern Michigan University; an A.D in Computer Science and Math from Washtenaw Community College; an A.D. in Telecommunications and Electrical Engineering from Technical University of Cluj-Napoca, Romania. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at www.ted.com/tedx
The market is unstable and you can not tell If it's going bearish or bullish. I advise y'all to forget predictions and start making a good profit now because future valuations are all speculations and guesses.When these reports are bullish take some off to the side lines, when news gets bearish start buying. "Keep it simple simple" that bear/ correction was the best thing that happened me.
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But crypto currency has too many scammers and many ways to scam
No matter the currency, scammers will always exist…
So much for doge not being around🤑🤑
Lmao you probably didn’t even own any back then . I’m a holder but no need to do the most when you weren’t even buying in 2018
She paid 6% on that transaction. That's ridiculous
i thought it cost 74USD to send 50? am i missing something, 24USD fee?
But my confusion is what is the underlying value of cryptocurrency? For example, if I own a silver coin it has an underlying value. I can use the silver to make an ornament or make a semiconductor or any other things. A commodity has underlying value. But does a cryptocurrency have underlying value?? Can we use it in any way other than just making transaction??
I know fiat currency also doesn’t have underlying value but at least a government is taking responsibility for that fiat currency! Who is taking responsibility for cryptocurrency? Cryptocurrency feels like another form of fiat currency! But It's worse because no one is taking responsibility for it 🤔
It is controlled by a computer algorithm. But it does not have any underlying value. It is also decentralized. Decentralized systems always fail because we tried a decentralized currency before adopting to our banking system. But we only increased poverty with that. But many people do not know this, that's why they get on hype train without doing any research. I like your instinct to question.
Exactly, you next door neighbor is the underlying value. The power of people who are just speculating. They don't even talk about blockchain technology . That's the value that's it's pegged. too. Reminds me of MLMS. Recruit buyers to expand the interst with no use case. Cut off the electricity and what do you have? Surely not money.
it arguably has more intrinsic value that fiat currency due to the usefulness of the algorithm/ data structure its built on, but ultimately its worth at the moment is based on hype and speculation. we will look back and laugh at how hyped it was despite the fact the core idea of it is still useful.
it has functions and it is a project not just a token
If the project is successful then the coin grows in value
Fiat loses its value while crypto gains in value
Man, 3 years later and BTC ETFs launched, Presidential candidates on both sides feel compelled to endorse BTC to get votes, and the dollar continues to weaken as prices on everything explode. BTC still going up...
Cash app and Zelle do the same thing
That was bizarre. She sent 25USD in LTC then that turned into 74USD in LTC at the receivers end. Also had to pay for the transfer so apart from immediacy there is nothing new here.
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Funny how she said DOGE may not sty around long... now is a top 10 Crypto with a 10billion dollar market cap! It’s up 1,200% this month and going up a ton ... supported by Elon musk shop just put 1.5billion into Bitcoin and maybe more into DOGE. I hold 25,000 coins and it’s going up daily. It’s the people crypto! Too 1$ 🚀 🌙
Yea but what is the actual technology that Doge is fundamentally built on.? What problem will it solve? It's hard to imagine it as a sore of value like BTC or to utilize smart contract technology like ETH... History does love irony but beyond that, the value is subjective as of now.
That's not long :/
In those type of speech when you say "long" you mean really long.
Bitcoin and cryptocurrencies are backed by even less than fiat currency and the payment system is slow for protection and payments are insured. Also crypto has a 30% tax
😂😂🤣🤣🤣🤣🤣🤣😂😂😂😂🤣🤣these people barely read any history talking about everything is gonna fail like the government will just sit there not do anything😂😂😂👍🏻🤣🤣🤣😭 before you preach a downfall of a nation know which nation & its history..
That magazine was issued in 1988 and owned by the Rothschild, the magazine was prophetic as it said 2018 cryptocurrency would be available
is it still available to see? link please
Doge won’t last long :D that’s what she said. But everything else is good research very well explained and optimistic. Love it
Crypto videos age so quickly.
her 3 criteria for doge were not met in 2018. most important, the use case is still not confirmed although it is likely to be used for actual transfer of funds and it seems there may be some sort of tem working it, as some aspects have been reworked such as the consideration regarding inflationary characteristic. it seems odd to me however as she glossed over the transfer of 50USD seems to have cost a transfer fee of 24USD? she just acted as if it was nothing that the transfer of 40 cost 74? am i missing something. that was easy ;)
Doge is purely speculative. Don't come crying when it inevitably crashes.
i love it HAHHA it shows how much uncertainty and opportunity crypto presents
Since I don't invest in single stocks, I certainly won't invest in single coins.
дуже корисна інформація для всіх, хто займається криптою. я сам постійно дивлюся твої відео і багато чого дізнався з них
The Romans didn't have nuclear weapons, aircraft carriers and a population full of people with guns and a lot to lose.
In India 🇮🇳 we use UPI system to transfer instant funds and its free 😂
Why would you use anything like bitcoin, it's slow and definitely not cheap, so I just dont understand why this lady believes it will be used for all transactions in the global economy. Bitcoin can never do what fiat currencies do because its decentralized and has limited supply.
What do you learn after watch this video guys?
dogecoin still here lmao
yes, in a short 3 years since the publishing of this video. lmao. just because it made news headlines doesn't mean it's going to last long-term... e.g.,, like the 75 years of fiat currency
It’s still a sh6it coin
She sounds so nervous.
8:30 dogecoin will fail? Lol
Too excited about the currency’s not the technology.
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There are a lot of doge around 😅
I'm confused how not many people have seen this...
If that many people you saying see this, cryptocurrency marketcap is 2 trillion
Seriously??? There was no one around to tell this poor woman not to wear that form-fitting dress???
hmm I love it, she has something to hodl!
her constant "dance" while speaking is distracting at best and causes motion sickness if you continue to watch her. it is not clear to me even after viewing her linked in page that she has cred in this area. missing the major point of use case is questionable.
The moving of a person when you are giving a speech is very important but she definitely over did it. She seemed very nervous but it kinda felt like she never got to the point.
I learnt nothing
Then your missing out! Invest now!
No. I'm not.
Ha you certainly have
Rajdjabzlpmxeaiel that's because you were a little short sighted, she was obviously much smarter than you
This aged like milk
Not gonna lie I just clicked on the video bc she looked thick as oatmeal in the thumbnail pic 👀
Bitcoin (or any cryptocurrency) has no intrinsic value and is not backed by any government. "Similar to Fiat currency, Bitcoin (or most of the cryptocurrencies) is also not backed by any gold or silver hence does not have any intrinsic value. The value of any currency comes from the backing of the state and the trust that people have over the government. Hence, for any money to be established as an exchange of value within a network, it is important for the network to trust it regardless of who (or what) is backing it."
You got it wrong my friend .. the dollar will be backed by bitcoin.
Since you know the future of the financial system, How about you start by convincing Jerome Powell to buy bitcoin and replace Treasury bonds and MBSs the FED holds in its balance sheet
Oh yeah! Dollar failed in 75 years. So did pound.
are you insinuating it hasn't? Not a believer in inflation?
@Sanjay Khosh losing* but actually it's not. If you lose 40% in a day (never have so not sure what it's like) and the next day you gain 40-50% back, what did you actually lose? If the dollar is inflated, like it has been by 2.3 TRILLION dollars being printed in the US the last year, the dollar goes down in price long-term. Influxes in crypto will always be there, but the overall trend still points up. My portfolio still shows green on the year. Can't say the same for the dollar..
Cryptocurrency is a relatively new and rapidly evolving field that has the potential to disrupt traditional financial systems. However, it's important to approach it with caution and carefully consider the risks and benefits before investing. This TEDx talk is a great resource for anyone interested in learning more about the reality of cryptocurrencies beyond the hype.
If crypto currency can't control by Government. What point of view does by exchange to do K.Y.C?
KYC is a pain but i store my crypto on my trezor making it Unconfiscatable so in the grand scheme of things ,does it really matter .? Btc is only partially private and if they have urge to find out who you are they can do it . I also use Monero which is completely private ,untraceable and at the moment unhackable 100% .
@@Chris-tz9ct unhackable, dude are ya serious, everything electronic in this world is hackable, somethings take some time and some don't. That's the reason people shouldn't just switch to bitcoin, it is the most riskiest thing because of the hacking tech we got today.
She is shaking when she talks. Love the courage,ill probably fall in that 5 minutes of talk. 😂
Congrats Anca, stumbled onto this. Nice to see you have done well for yourself.
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first comment
She was right. That WAS a good time to invest.
Even the time u commented was a good time
Right now Bitcoin Price $70.000
Oops second comment😀
The responsible star commercially stitch because lan immunophenotypically wrestle midst a useful seed. gaudy, careless softball
Suena muy grosero si digo que con ese vestido parece un neumático desinflado?
No private saver wants to interact directly with a borrower. How would they find someone who wants to borrow the exact amount on the exact terms, for the exact duration, without a huge effort? How would they recover unpaid debts, without massive personal expense? How would they understand the trustworthiness and affordability of a borrower, without significant effort? Why would wish to assume the risks of lending to a borrower who is not known to them? How would a private lender understand the risk of any profit being lost to inflation?
Banks create portfolios of debts that are helpful to spread the risk that any one saver/ investor may assume when they lend. They have expertise in checking trustworthiness and affordability and in understanding monetary trends. For all these services and for assuming the risk of debts not being paid back, they take a percentage of the interest before passing it on to borrowers. This is what a financial intermediary does (simply put of course as there are different types of financial intermediaries.
Just writing some notes for myself as I go.
I think in a decentralised world, the collateral (ownership record of some physical or digital asset) for the borrowing will also have to be on the blockchain. Then the loan smart contract will automatically transfer the ownership of the collateral to the lender in case of a default. Wouldn’t that work? It would eliminate the whole “collection” process that conventional lenders employ and thereby reduce cost as well?
Also, in a blockchain based system of finance, micro lending or fractional lending could be possible due to the nature of smart contracts. And lending can be for fractional periods with lenders lending for fixed 1 day or 2 day periods. Borrowers can then set the need for funds as a multiples of the contract period. Multiple lenders could come in at different times to ensure funds are available to the borrower through the period of their requirement. Much like overnight lending that banks employ among themselves today. (These are my notes too. I’m just speculating on the potential use case for financing. Need to look up DeFi if my speculations are feasible!)
Doge is on ATH today 🐶
How bout now?
ITS STILL A JOKE
The beauty about crypto is that it can be improved. Example: Dogecoin is very efficient and extremely low fees and it is the perfect fiat replacement for day to day transactions and fun to use.
BTC is a great Gold replacement.
ETH is awesome at flexibility with things to be build upon.
Bitcoin won't replace Gold let alone be a currency because there is no demand for Bitcoin, it has no economic use. This lady believes it has intrinsic value when in reality it doesn't. Gold has intrinsic value whether you believe that or not because it is a commodity either real world utility.
Something intangible won't replace gold. 99% of people still live in the real world.
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The economist magazine is owned by the rothschilds and that cover was printed in 1988. Otherwise good speexh
0:26 "i want to start by telling you a personal story" already skipped the video
Fu@@@ i feel so stressed after watching her talk
13:07 Y si queres convertirlo a efectivo?
Its 11:35 in Washington state and I'm up watching a Ted talk about crypto currencies
The only problem in Cryptocurrency is it's stability. Please correct me if I am wrong.
That’s what I’m thinking
It's is also hidden no one knows its origin. There is no agency to control it.
It cannot be stable when its lacking demand in the real economy. There is a lot of supply in the crypto market as well as demand but majority of that demand is from Retail speculators and Hodlers, outside the market crypto demand is basically 0. Fiat currency on the other hand has plenty of demand in the market and in the economy, that's why US Dollar is still king, every transaction in the global financial system is facilitated in USD, not by Bitcoin.
Some pertinent information to the fact. Now there are less tokens notated on coin market cap, and the retail/corporates run(s) that followed.
Galaxis coin was created in 2010
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Utopia is made for users such as you. You are the ones who determine the direction of our future development and the Utopia Beta Program is your influence tool.
I got everything in V bucks
Hey , people still play fortnite ?😬😅😂
DogeCoin is a joke that aged well lol
It’s still a joke. It has no use or utility and is inflated every year with new coins. It’s only purpose is for you guys to buy it that’s all it does. Invest in a real crypto project. Cardano.
Pffffft
Who charges the fee? I thought i understood the whole point, or one of the main benefits, is that no such fees are charged? Many thanks to whoever clarifies. God Bless.
On Bitcoin (Layer 1), the mining network (servers) charges a fee. The fee is used to secure the network with computing power and electricity. The fee amount is based on supply and demand.
If you want to make transactions with virtually no fees, you use the Lightning network (Layer 2), which is built on top of the Bitcoin network (Layer 1). Layer 2 is less secure than Layer 1, but you get fast and cheap transactions for daily purchases.
Watching this on Dec 29, 2019. Crypto is still just monopoly money combined with Dungeons & Dragons. Until parents can give their kids crpyto to buy a slice of pizza it will remain a nice idea. It should be pushed as a way to make small physical payments to get the ball rolling. When the pizza shop owner has 30 k in crypto and can then buy a car with it, we'll get to a point of increasing normalization, adoption and widespread usage.
I agree
Extremely wrong, first comes store of value use case
Today you can buy a Car for 1 Btc. If you have bought your Btc in 2015 it was around 300$.
Maiar app
XRP! believe the hype
Oh god, this aged horribly
@@irl8796 okay talk to me in 2 years hot shot
3 Rd comment
My lucky number 😀
An interesting video. Hope to see further videos of Anca Pop.
I have never heard so much twaddle in my life.
If you understood the way money works and is created then you could see that it makes sense.
Great intro into Crypto for those in Nashville...
thanks for the vid review
Buy Brise and Meto
00:59 hey amazing video me gusto deseo el siguiente grabación me despido les mando kisses muchas gracias
00:59 aloo muy bueno video me encanto ansioso de el siguiente grabación los dejo les envio cariños agradecido
Seriously , this was a presentation in December 2018? The speculative bubbler writing was on the wall at that point. This presentation is only about claiming that FIAT currency will fail. Bitcoin and token have all failed to replace FIAT currency. They are more likely to fail than FIAT currency at this point. Blockchain is here to stay but I would theorise that it will be buried underneath your typical service. Bitcoin is pathetically slow, transactions fees can be ridiculous and my money could have halved or doubled tomorrow. At this point bitcoin is only useful to speculate. Buy some and forget about them (not your private key though). 20 years later, you will either be rich, or not care at the fact that it failed.
Probably a couple of decades ago. Bitcoin transactions average around 10 seconds and can take much longer for low value transactions - if they ever get processed at all. This is due to the variable transaction fee that can be charged by the miners. They choose the high dollar transactions first because the payer in such transactions is willing to pay a higher fee.
And, at least Bitcoin, awards the successful miner with bitcoins as partial payment. This is automatic reduction in the value of the bitcoins as there are more bitcoins put into circulation without any reserves added to maintain the base value.
Yes, Bitcoins are more volatile than the precious metals and there is nothing to guarantee that they could someday become absolutely worthless.
Then you'd have a very pooor understanding of the market
damn she died 5 days after this.... on my birrthday. RIP
That's interesting, because she helped me with something in November 2019.
This is Anca Pop-Charles she’s still alive
So we have 75 years to gain profit:) gladly we have crypto while we will have internet