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Episode Summary
As the market for cryptocurrency explodes, it can be hard to navigate the ins and outs of this growing industry. Willy Ogorzaly wants to change that. His company, Bitfract, makes it easier to invest and exchange cryptocurrency.
In this episode, Willy talks with Krisstina about cryptocurrency’s evolution as well as its investment risks and rewards. They also debunk many of the myths surrounding cryptocurrency. Finally, Willy shows Krisstina how to use Bitfract to exchange and invest crypto.
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You can also click on the time stamps below to jump to those specific points in the conversation.
What We Covered
- [2:40] – Willy explains his first entrepreneurial business
- [3:55] – Willy explains his history in Crypto Currency
- [6:30] – The basics of Crypto Currency
- [12:35] – The Enron investment craze
- [17:30] – Some flaws of the banking system
- [18:30] – How Bitcoin can be better than banking
- [20:50] – How to make a purchase with Bitcoin
- [24:40] – Investing in Crypto Currency startups
- [27:00] – The risks of investing in Crypto Currency
- [34:50] – How anonymous is Bitcoin?
- [39:22] – Beginning to use Bitfract to invest in Crypto
- [50:50] – A summary of the transactions
Tweetables
[Tweet “Instead of having to trust a bank, you can trust a chain of decentralized computers.”]
[Tweet “How much money am I spending in fees to move money from my account to your account?”]
[Tweet “These entire Industries will be replaced with code.”]
[Tweet “With great power, comes great responsibility.”]
Links Mentioned
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