We asked builders in the blockchain and crypto sector for their opinions on the industry … and added some random comments to keep you on your toes!
This week, our 6 questions go to Lisa N. Edwards, a cryptocurrency trading specialist who runs and is a co-owner of Getting Started In Crypto.
Lisa is an Elliott Wave specialist trader with over 20 years of experience in traditional stocks and commodities, and now exclusively trades cryptocurrencies. She directs and is co-owner of Getting Started In Crypto, Thousand To Millions, and The Moon Mag with Josh Taylor. Lisa has extensive experience, with previous business projects including Satoshi Sisters, Trading Places VIP, D4.Partners, and CoinRunners. Outside of commerce, Lisa has a burgeoning career in the media and film industries, with a cryptocurrency-themed script titled “CoinRunners,” which she anticipates will be filmed in late 2021.
1 – When you tell people that you are in the blockchain industry, how do they react?
Does anyone say you are in the “blockchain” industry? Crypto, baby, all the way! I’ve been telling everyone for years to buy Bitcoin (BTC) and various cryptocurrencies, and now that Bitcoin costs around $ 45,000, it is suddenly interesting, more interesting at $ 45,000 than at $ 200. That was the price when I started trading. tell people to trade Bitcoin. I shake my head and laugh when those people ask me. The reactions, however, are polar opposites: most people respond with interest or look at me blankly. There is no middle ground.
2 – What will happen to Bitcoin and Ether over the next 10 years?
Let me get my crystal ball, he has been working out during the confinements. I never like to look that far into the future as a lot can happen in cryptocurrencies in just two months. So 10 years is like an eternity. They can both turn into dinosaurs and we know what happened to them.
3 – Does it matter if we ever find out who Satoshi really is or was? Why or why not?
It depends on who you ask. Different things are important to different people.
People define Satoshi in many ways, and thoughts and ideas, about who or what something is, spark new ideas, changes, and conversations. I have family ties to the name Satoshi and have not yet been able to pass an interview without it being mentioned (yawn). But honestly, I’m only interested in living my life, sharing my experiences in the world of cryptocurrencies, and letting others make their own decisions.
4 – Which is dumber: $ 500,000 Bitcoin or $ 0 Bitcoin? Why?
Neither is stupid and there are arguments for both.
$ 500,000 Bitcoin is an easy argument from a business perspective, with global adoption and an extremely outdated archaic financial system. With just 21 million BTC mined and a projected 2021 world population of over 7.8 billion people, as of this writing, there are currently 18,821,768.75 BTC in circulation. So think that 30% to 50% of the total supply could be lost due to the destruction of the first paper wallets, the hard drives no longer exist, or simply forgetting the password to access them. This is a closed market model that makes it scarcer by the day, so demand could definitely outpace supply, making $ 500,000 Bitcoin a strong reality. Money is essentially a technology that reinvented the barter system, and Bitcoin is a technology that can reinvent the way we transact globally.
As for the $ 0 Bitcoin, you guys are trying to get me to expose the family ties and argument from the BSV field that when Craig Wright moves the genesis block, BSV is Bitcoin and BTC is obsolete. Personally, I don’t think BTC will go to zero even if it did. My analogy is that if we look at blockchain as the roads we drive on and each cryptocurrency as the car we drive, I might like a Porsche 911 because it’s faster, sleeker, and looks better to me, but Bob likes his Prius. because it is reliable and energy saving. Both can successfully drive on the same road, like cryptocurrencies, with bridges and interoperability, but more people like Porsche over Prius. So don’t be Bob, be like Lisa!
5 – From smart contracts to DApps, NFTs, and DeFi, we’ve seen many of the upcoming “killer apps” of cryptocurrencies, but none have taken off yet. What will stay?
The application that anyone can use without having to understand the terminology or what it is, just what it does to change their life. The same goes for applications in the non-crypto world. A successful application must be simple, it must offer a solution to a real-world problem, and it must do so efficiently as attention spans are getting shorter and shorter.
The truth is that most people just want solutions, regardless of how things work out, although I like to think that those in the crypto world are more interested in understanding how something works. It is really fascinating when you dive in! Think of conventional production with an underground construction. Most apps would get away with not mentioning anything to do with crypto despite being built around technology! It doesn’t have to be the defining characteristic that grabs the audience.
6 – Have you ever bought a non-expendable token? What was it? And if not, which one do you think will be the first?
I buy and sell NFT all the time when I trade. Do I own non-expendable works of art? Not currently. My problem with this at the moment is that art is meant to be displayed. I’m having trouble displaying art on an LCD screen. I guess it’s no different than having a photo library on my iPhone, to draw memories when I’m feeling homesick, but having a big ugly LCD screen on my wall to display a $ 69 million Beeple defeats the purpose of art. I believe that NFTs can transform the music and media industries, allowing artists to receive automatically distributed royalties, and I would love to see my film CoinRunners funded in this way as a way to show the cryptocurrency industry to the masses. So to answer this, I would love for CoinRunners to be my first NFT.
A wish for the blockchain community:
If you can dream it, you can achieve it, so don’t stop trying until you find your way!