Logo
    Search

    Proof-of-Work, Proof-of-Stake and Proof-of-Cardano?

    en-usAugust 26, 2021

    About this Episode

    Bitcoin mining is frequently in the news for its energy consumption, and Cardano, one of our favorite blockchain projects, invites a discussion on how cryptocurrencies are created (or “mined”) in the first place. Join Alex & Jacki as they break down proof-of-work and proof-of-stake blockchain protocols and how they are innovating energy sourcing and distribution in different ways.

    ________________________________

    Show Notes:
    :19 - Cardano introduces smart contracts coming in September and also the Cardano Summit.
    :55 - Cardano’s academic project in Ethiopia
    1:13 - Charles Hoskinson, founder of Cardano, has a great transparent YouTube channel that often communicates socioeconomic solutions via blockchain.
    1:48 - proof-of-stake is a great way for anyone with any amount of money to get started with crypto rewards
    2:00 - proof-of-work is super secure, but takes a lot of money and energy to mine and profit from.
    2:10 - How does proof-of-work mining secure blockchain networks?
    3:00 - How does proof-of-stake do it?
    3:35 - The energy issue proof-of-work mining (both ethereum and bitcoin use this protocol)
    3:50 - the media puts a lot of noise out there, but mining operations are driving innovation in reusable energy sources & green technologies
    4:24 -
    4:20 - geothermal, hydroelectric, solar, wind, battery cells, fuel cells, and nuclear fission are all contenders in replacing the coal and fossil fuel industries.
    5:11 - Ethereum is moving from proof-of-work to proof-of-stake “Ethereum 2.0”
    5:30 - the intense “work” that goes into “proof-of-work” is what secures the network.
    6:18 - In proof-of-stake, malicious staking pools or wallets lose all of their stake and are penalized.
    6:45 - In order to manipulate the blockchain, you have to manipulate every block that came before it! An insane amount of energy would be needed for this.
    7:30 - blockchain ledgers keep a record just like a checkbook going back to the first check
    7:39 - blockchain eliminates the issue of “double-spending” and will have a huge impact in the accounting industry.
    7:57 - Cardano’s smart contracts introduce token utility.
    8:15 - “CarDex” - a decentralized exchange on the Cardano network
    8:45 - proof-of-stake is quicker and less expensive than proof-of-work
    9:00 - proof-of-stake has a horizontal scalability
    9:30 - a lot of staking pools have interactive communities behind them that help users on their passive income journey
    9:48 - mass adoption of crypto means scaling at the levels of MasterCard and Visa
    _______________________

    *FREE Webinar* on Blockchain and Cryptocurrency Basics | September 1, 2021
    https://bit.ly/3sPaDZB

    *Online Event* Cardano and Earning Interest by Staking | September 4, 2021
    https://bit.ly/3jhW39V

    ________________________
    (Disclaimer: Cryptocurrencies are volatile and can move quickly in any direction. My Cryptocast is not responsible for any trading loss incurred by following our advice. Any opinions, news, research, analysis, prices, or other information provided by My Cryptocast is given as general market commentary and not purported to be fact. Please do not trade or invest based solely on this information.)

    Recent Episodes from My Cryptocast

    My Cryptocast: Ep 19 - Bitcoin ETF, RWA Tokenization, & DeSo

    My Cryptocast: Ep 19 - Bitcoin ETF, RWA Tokenization, & DeSo

    My Cryptocast: Ep 19 - Bitcoin ETF, RWA Tokenization, & DeSo

    Join Alex Enser founder of My Crypto Advisor with special guest Ben Keady host of The Wealth | Crypto Podcast for a dive into the intersection of TradFi and DeFi.

    In this episode, Alex and Ben explore Bitcoin ETFs and the impact of tokenization on unlocking value in illiquid assets including real estate and art, highlighting its potential to revolutionize investing, enhance liquidity, and redefine asset ownership. Afterwards, Alex and Ben focus on decentralized social media platforms, examining their role in addressing data ownership and building a more user-controlled internet.

    Subscribe and follow Alex and Ben on social media for more insightful content!

     

    The Wealth | Crypto Podcast - https://www.thewealthcryptopodcast.com/

    LinkedIn - https://www.linkedin.com/in/benkeady/

    My Crypto Advisor - https://mycryptoadvisor.com

    LinkedIn - https://linkedin.com/in/alexander-enser

     

    ---

    All of the Money: by Cali Stylz, published by Wide Open Entertainment 

    Disclaimer: This material is for informational purposes only and not intended to provide financial, investment, legal, regulatory, or tax advice.

    Signs of a Cryptocurrency Scam

    Signs of a Cryptocurrency Scam

    Is that cryptocurrency investment too good to be true? The bull run is coming and scammers will be out in full force to get a cut of the action. In the "Signs of a Cryptocurrency Scam" webinar My Crypto Advisor's Alex Enser, M.A. and CoinStructive, Inc.'s Chris Groshong, CFI break down some of the most popular scams and best security practices to avoid being the next victim.

    ----

    CoinStructive - https://coinstructive.com/

    LinkedIn - https://www.linkedin.com/in/chrisgroshong/

     

    My Crypto Advisor - https://mycryptoadvisor.com

    LinkedIn - https://www.linkedin.com/in/alexander-enser/

    ------

    This material is for informational purposes only and not intended to provide financial, legal, or tax advice.

    Ep 18 - AI World Fair & Decentraland

    Ep 18 - AI World Fair & Decentraland

    My Cryptocast: Ep 18 - AI World Fair & Decentraland

     

    The first AI World Fair in Decentraland transpired in the Innovation City district, HQ for Sophia the Robot, and featured thought leaders from NVIDIA and SingularityNET. 

    In this episode, we tackle the intersection of AI and virtual worlds, Bitcoin "Softwar" power projection theory, and several use-cases for blockchain.

    Join Alex Enser founder of My Crypto Advisor and Dominick Romano founder of Drainpipe and contributor to AI for Health in the United Nations, for insights on the technologies shaping our world.

     

    YouTube - https://youtube.com/@mycryptocast?feature=shared

     

    My Crypto Advisor - https://mycryptoadvisor.com 

    LinkedIn - https://linkedin.com/in/alexander-enser

     

    Drainpipe - https://drainpipe.io

    LinkedIn - https://linkedin.com/in/domromano/

     

    All of the Money: by Cali Stylz, published by Wide Open Entertainment 

    Disclaimer: This material is for informational purposes only and not intended to provide financial, investment, legal, regulatory, or tax advice.

    Ep 17 - Big Data & AI Toronto 2023

    Ep 17 - Big Data & AI Toronto 2023

    My Cryptocast: Ep 17 - Big Data & AI Toronto 2023

     

    What is the future of the workplace? What is the role of AI in mental health?

    In this episode, we tackle these questions with an exclusive inside glimpse into the annual Big Data and AI conference in Toronto Canada.

    Join Alex Enser founder of My Crypto Advisor and Dominick Romano founder of Drainpipe for an exploration of the intersection between AI and blockchain.

     

    YouTube - https://youtube.com/@mycryptocast

     

    My Crypto Advisor - mycryptoadvisor.com

    LinkedIn - linkedin.com/in/alexander-enser

     

    Drainpipe - drainpipe.io

    LinkedIn -  linkedin.com/in/domromano/

     

    All of the Money: by Cali Stylz, published by Wide Open Entertainment 

     

    Disclaimer: This material is for informational purposes only and not intended to provide financial, investment, legal, regulatory, or tax advice. 

    #agi #ai #artificialintelligence #bigdata #blockchain #canada #DAO #decentralizedautonomousorganization #data #mentalhealth #toronto #web3

    Ep 16 - Artificial Intelligence, Ethics and Policy

    Ep 16 - Artificial Intelligence, Ethics and Policy

    My Cryptocast: Ep 16 - Artificial Intelligence, Ethics & Policy

    Are the predictions of "AI Apocalypse" unfounded clickbait? The exponential growth and accessibility of AI tools for businesses and consumers present unique challenges for regulators shaping policy.

    My Cryptocast welcomes back Dominick Romano founder of Drainpipe and contributor to AI for Health, a global initiative run by several agencies in the United Nations. Join Alex Enser and Dominick Romano for a discussion on AI biases, deepfakes, and more!


    Drainpipe - drainpipe.io - OS for AI and ML

    Dominick Romano (@dromanocpm) / X

    LinkedIn - https://www.linkedin.com/in/domromano/

     

    My Crypto Advisor - https://mycryptoadvisor.com

    My Crypto Advisor (@MyCryptoAdvisor) / X

    LinkedIn - https://www.linkedin.com/in/alexander-enser/

    YouTube - https://youtu.be/Aa2kOGoDvLI

     


    All of the Money: by Cali Stylz, published by Wide Open Entertainment

    Disclaimer: This material is for informational purposes only and not intended to provide financial, investment, legal, regulatory, or tax advice. Please view our disclosure here - Terms of Service

     

    Ep 15 - Beyond Blocks and Bits

    Ep 15 - Beyond Blocks and Bits

    My Cryptocast welcomes Dominick Romano founder of Drainpipe and contributor to AI for Health, a global initiative run by several agencies in the United Nations.

    Join Alex Enser and Dominick Romano for an exploration of differential privacy, user experience of artificial intelligence versus blockchain, publicly traded companies adopting Web3, and much more!

    ---

    Drainpipe - https://drainpipe.io/ 

    Twitter - https://twitter.com/dromanocpm

    LinkedIn - https://www.linkedin.com/in/domromano/

     

    My Crypto Advisor - https://mycryptoadvisor.com

    Twitter - https://twitter.com/mycryptoadvisor

    LinkedIn - https://www.linkedin.com/in/alexander-enser/

    My Cryptocast - https://youtube.com/@mycryptocast

    ----

    All of the Money: by Cali Stylz, published by Wide Open Entertainment

    Disclaimer: This material is for informational purposes only and not intended to provide financial, investment, legal, regulatory, or tax advice.  Please view our disclosure here - https://mycryptoadvisor.com/terms-of-service/

     

    NFTs & The Metaverse

    NFTs & The Metaverse

    NFTs and the Metaverse are reshaping consumer engagement, product distribution, and the global economy. 

    Join Alex Enser and Jacki Roach with My Crypto Advisor for an introduction to #NFTs, the #Metaverse, and to walk away with an understanding of how blockchain technology is reshaping the internet. 

    Second half of the webinar is dedicated to special guest Danny Talwar, Head of Tax at Koinly [https://koinly.io/].

    Sign up for a free 15 Minute Discovery Session with My Crypto Advisor - https://mycryptoadvisor.com

    Please forward donations to MYCRYPTOCAST.ETH

    Disclaimer: My Cryptocast and My Crypto Advisor are not financial, tax, or legal advisors. Any opinions, news, research, analysis, prices, or other information provided is given as general market commentary and for informational purposes only. Please do not trade or invest based solely on this information.

    My Cryptocast
    en-usJune 13, 2022

    Asher Luzzatto for L.A., DAOs for Civic Impact

    Asher Luzzatto for L.A., DAOs for Civic Impact

    We wrap up 2021 setting the stage for 2022’s big concept: The DAO! Los Angeles mayoral candidate, Asher Luzzatto, discusses his team’s work with Social Stack developing #angelescoin, a civic engagement reward system. A different approach than CityCoins capital injection model, this coin focuses on social impact through physical participation. What does disintermediation look like for bureaucracy? Tune in for this enlightening discussion and be sure to check out www.asherformayor.com.

    ________________________

    2:31 - Crypto adoption in LA
    3:18 - Thoughts on the MiamiCoins project
    4:35 - Could CityCoins bring about a tax-free metropolis?
    8:00 - Social Stack is developing “Angelescoin” - how do social rewards act with the middle class?
    11:58 - 2021 was year of the NFT, 2022 is year of The DAO!
    14:07 - What role does #angelescoin play in helping homeless vets?
    20:17 - What does #angelescoin look like in action with IRL participation and QR codes?
    23:50 - How social tokens merge a “phygital” world (physical + digital) and what that means for existing structures.
    24:57 - What happens when we cut the middleman of bureaucracy?
    28:11 - Does the DAO become the union president!?
    29:08 - Asking about Asher’s vision of a decentralized, free-market education powered by social tokens.
    29:43 - California spends $20,000-$25,000 per student, apply just a fraction of that in a token system.
    35:00 - Can society handle decentralized autonomous organizations with conflicting views? Do we need third parties?
    35:55 - A discussion on the perils of censorship and suppression

    ________________________

    Visit www.mycryptoadvisor.com for our services

    My Crypto Advisor upcoming webinars & events:
    https://bit.ly/3CGMuc7
    ________________________

    (Disclaimer: Cryptocurrencies are volatile and can move quickly in any direction. My Cryptocast is not responsible for any trading loss incurred by following our advice. Any opinions, news, research, analysis, prices, or other information provided by My Cryptocast is given as general market commentary and not purported to be fact. Please do not trade or invest based solely on this information.)

    Cali Stylz NFT Drop For Hit Song "AOTM"

    Cali Stylz NFT Drop For Hit Song "AOTM"

    Hip-hop artist Cali Stylz and producer Lamar Mackey join us to discuss our collaboration on Cali’s premier NFT of his song #AOTM.

    Short for “All Of The Money,” the song weaves cryptocurrency themes throughout, making it the perfect digital asset to gift for the holidays! 


    
This is just the beginning of Cali’s metaverse journey. Listen to his bigger plans for the #LiggyHabstract creative therapy initiative helping the youth process these times and you’ll definitely be inspired to own this piece of #DigitalAssetClass history.

    Sign up for details on the Dec. 18th NFT release on @rarible here: http://eepurl.com/gP9XqH

    If you’re new to buying Ethereum NFTs, we’ve got you covered! All email captures will receive a free guide for digital asset management success courtesy of www.mycryptoadvisor.com

    YouTube: https://youtu.be/0KtKNSQwZM8

    _____________________________

    SHOW NOTES:

    1:04 - Cali explains his creative process for “AOTM”
    2:02 - Dropping on Rarible 12/18/21, purchase of the NFT unlocks a radio edit, full version, and instrumental of this addictive song! Our team encourages you to share your own hooks & verses over the instrumental on social media
    2:35 - Cali explains how hearing the term “NFT” thrown around studios in January of 2021 inspired him to think beyond his music and into moving his physical art pieces
    4:15 - We highlight the #LiggyHabstract brand and how Cali is helping the youth use creative therapy (like paint pouring and studio sessions) to deal with depression and mental health issues.
    5:40 - Cali comes from a big family of creative people, and they always encouraged him to pursue his music and art dreams.
    6:27 - Jacki want to know … How does such a good-hearted guy write the lyrics on his song with Wiz Khalifa?! As Cali says, “rap is a raw sport”!
    9:25 - Cali drops some inspiration from being on the hip hop scene for a long time. #grateful and #alwayslearning
    10:18 - The NFT revolution should be for everybody, and Cali is an early adopter with a big vision.
    11:11 - We get into Pitbull signing a multi-year NFT deal and how these corporate interests can actually help indie and smaller artists access the game
    13:09 - Cali’s NFT journey … everyone is on the kick that they can do it themselves, but truly “team work makes the dream work”
    14:35 - Discussing the #fomo we can feel in the NFT space
    14:50 - Think about all the cool collabs happening with the Bored Apps, Adidas and Nike, the cryptopunks and Gmoney … if you want it, the opportunity is there.
    15:05 - Cali uplifts us all with a reminder that the metaverse is so huge, there’s no reason you can’t get your piece. #WAGMI
    15:34 - Where does Cali see himself in the NFT space?
    15:46 - Teaching it in a creative therapy space, welcoming people to his metaverse sanctuary and having studio sessions.
    16:38 - Passion for encouraging young people to take care of this new asset class
    17:20 - Discussing the youth capitalizing on NFTs now
    17:48 - Wide Open Entertainment owner, Lamar Mackey, jumps in with the real statement ‘WIN! Win, win, win! For everything we are doing as a team collectively!”
    18:11 - The togetherness in the NFT space #thatswhatsup
    18:29 - Lamar gives more insight on how stressful it is when you try to go things alone or work with the wrong team
    18:55 - You know we gotta talk about this neon lady background and the art direction for the AOTM music video 
(available here: https://www.youtube.com/watch?v=L2zGPYZuPZo
    20:30 - Lamar touches on the amount of positive feedback they’ve received for the creative video … not your typical money/girls/grillz shoot
    22:00 - top secret info on the brinks truck gif…
    23:20 - Alex gets into Cali’s incredible fine art pieces
    23:45 - Happy to get this drop out and moving further along the NFT journey!

    _______________________________

    Sign up for details on the Dec. 18th NFT release on @rarible here: http://eepurl.com/gP9XqH

    _______________________________

    (Disclaimer: Cryptocurrencies are volatile and can move quickly in any direction. My Cryptocast is not responsible for any trading loss incurred by following our advice. Any opinions, news, research, analysis, prices, or other information provided by My Cryptocast is given as general market commentary and not purported to be fact. Please do not trade or invest based solely on this information.)

     

    My Cryptocast
    en-usDecember 09, 2021