Nov 29, 2022
Summary:
Unsurprisingly, the crypto space has been imploding. I have David
Ackerman on the show to gain some perspective on the recent fraud
that occurred, and how we can avoid these situations in the future.
David talks about the importance of protecting information, says
that clarity of regulation will ensure the safety and prosperity of
cryptocurrency going forward. Tune in for more insight.
Highlights:
-The crypto space has been imploding, which is not surprising
-David Ackerman comes on the show to give us a unique perspective
on how the recent fraud occurred
-At a high level, we’re seeing a lot of information being condensed
into a few players
-In the crypto world, you don’t have protections about what
information can/can’t be shared
-One of the flags that David missed was people not performing the
same work across the board
-If you don’t understand what cryptocurrency does or what makes it
valuable, it’s best to stay away from it until you gain that
understanding
-Look inward and understand your own financial assets, get
educated, and decide how much risk you are able to take
-This exemplifies why we need to put some guardrails around the
digital currency industry
-Better clarity of regulation will prevent future crises with
crypto
-David reassures us that many people in the industry are looking
out for others and trying to make cryptocurrency more secure
Useful Links:
Financial Survival Network
MobileCoin