Ripple, Ethereum and Lota are NOT dirty words.

Millennials should not be scared of Crypto. Crypto is not a disease. Bitcoin is not a dirty word either. “Hedge Fund’s” – THAT is a kinda scary word. “Student Loans” are scary words.
WORD. I was contemplating making a downloadable excel document or at least a nice infographic or chart layout of which cryptocurrency or finance related words are naughty and which are nice.
So instead, I have done the Googling for you all.
Fun Fact: I am not a podcaster or guidance instructor/consultant on investment in cryptocurrency. However I am wanting to encourage the awareness of it and why it affects our age bracket. I’ve chosen 4 of these and given an amateur description, this week’s lesson on cryptocurrency.
  1. Ripple – What you need to know: Their logo/icon looks like a spinner toy. Everyone keeps calling it the new/next bitcoin but from a personal perspective I think that’s just because it’s the easiest one to pronounce. After some light Googling, I discovered that the term “XRP” is used in relation to Ripple. XRP means the abbreviation or the technical symbol. (HASHTAG I DID ALL THE GOOGLING FOR YOU). More fun facts before we get technical – It takes 4 seconds to execute and rectify, also their priority is essentially for time savers. Technical! Less active than bitcoin and moves slower. In other news, after bitcoin, its actually one that is most discussed and is becoming a “house-name”. So basically, if you were the one to bring up the subject of bitcoin at a dinner party, and then a wise ass were to challenge your knowledge on cryptocurrency, they’d be overly presumptions and expect you to know what Ripple is too. Let’s get dirty – It means that if you are gonna invest in something , I’d do bitcoin, but if I wanna talk like I know my stuff, I will name drop and say Ripple too.
  2. Ethereum – I am only going to say 2 things about this. The name itself sounds like the cable you use when you don’t have Wifi – “Ethernet” It’s known as simply “ETHER”. And number 2 – whilst we keep comparing every cryptocurrency and how it differs from Bitcoin, Ether is actually not like that at all. Word of advice – you could Google this for hundreds of years and not get your head around it. Avoid all the “10 steps to understand Ethereum” and dive straight into Wikipedia, it’s going to give you a much more concise guide for once.
  3. Bitcoin! WOW! A whole 2 minutes of silence before you had to read the B word! Congrats! I want to say 6 things about Bitcoin. Yes For real. 1) Don’t invest in anything you aren’t sure you can afford to lose in. 2) Bitcoin is not a casino. 3) Bitcoin Man is worth $5.9 billion because each one is worth about $6000!!! – Sad to say this sugar daddy is not gonna get your sweet tooth, he is only 247 on Forbes rich list, Happy hunting for a smaller number. 4) When they talk about mining and Bitcoin, sad to say it isn’t to do with big burly men digging in the ground, it’s something to do with a record keeping service, like a giant chart that shows consistency or lack thereof. 5) There’s a ton of anonymity floating around about who actually invented it and if you dig deep enough you might get some answers. 6) I like it because old people know what it is, not because I think it’s profitable.
  4. Iota – This is a currency named after an Indian apparatus for a bathroom. LOL JK, that’s supposed to be with an “i” not an “L”. Iota is my favorite so far. It has a beautiful design that looks like cosmic dust, when I Googled, its their Twitter and Reddit before ugly blogs, (even before WIKI!) they have a partnership with Microsoft since November 2017, OHHH – and the name originates from “Internet Of Things”. It really is very much defined as a DIGITAL CURRENCY and they want to keep it that way. The word Tangle is involved because that’s their way of describing the cosmic dust logo but it also represents the flow of it on a chart. Soothing Iota.

 

Yay, we survived – it isn’t that hard to understand the names, but the actual scary thing is to comprehend what it’s actually doing to the world and what millennial’s need to worry about, is how serious everyone will take it in the future.

Noone thought iPad’s were going to be owned by the elderly and yet now, on average, they favor a tablet over a desktop or a laptop. If cryptocurrency is difficult to understand now, it’s only going to keep growing and as much as I hate to jump on the bandwagon and yell “CRYPTO!” from the rooftops, it’s not a dirty word, none of them are, but I never liked Bitcoin anyway because there is too much blossoming online for anyone to get their fair share to talk about it concisely enough.

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