If I live off crypto, will I have to verbally make "kerching" and "bling" noises every time a transaction goes through, or is doing that optional? 😉 Well done, guys. Great video!
This video was incredibly well done! It was genuinely informative, useful, and engaging. By showcasing a variety of different services (and focusing on real use-cases) it avoided the trap of seeming like a surreptitious commercial whose purpose was only to shill for a specific product rather than wanting to help inform people and increase crypto adoption generally. The professional presentation and great cut-away & interview footage easily matched any mainstream financial TV show. I'm impressed (especially seeing as so much other content in the crypto space is so amateurish and badly produced).
@@NaomiBrockwellTV I wish there were videos that would actually walk you through how to set this up, use it, spend it, etc... from each wallet, especially Uphold. I cannot find any videos on it :(
@@Angie-im1xq have you looked at our other videos in this series? we talk about how to set up a wallet, the difference between different types of wallets, how to buy crypto etc. Perhaps there are some more beginners explainers we need to produce
This is an eye opener, this guy is basically living 20-30 years ahead of everyone that only rely on the government, once mass adoption happens the world as a whole they’ll look back and say this guy is not crazy in the crypto era
Thanks for this very informative video. One thing I’ve been wondering about is what would happen to crypto in the case of a widespread power outage. My parents live in Germany and there was a big flood recently. People were without power for extended period. Things like that could happen on an even larger scale due to unpredictable climate change. I guess fiat is also vulnerable, but is this so to the same extent?
I just recently discovered your channel and I really like it! Although, I might also be a liiiittle bit in love with you, which might tip the scales. 🤓 Thanks for your great work!
Naomi I have been using p2p bitcoin tx without any coupons since April 2018. You should also interview these who really are living on crypto and not just these whonare looking for the easy quick solution. These looking for the easy quick solution will.also be these who use central bank digital currency because they can declare tax reductions...
There are a lot of takeaways where I live and also local markets that only accept cash. I want to be able to tell them what app to use in order to accept crypto. Many of these people don’t even know what crypto is but they all have phones and tablets. So something simple is what’s needed.
Hi Naomi! I have a question; What is the purpose of using, say, Bitcoin when the purchasing process of Bitcoin will still leave you open for tracking? Bitcoin transactions are public and so if you buy Bitcoin with your credit card, you can still be tracked, no? I'm really interested in crypto but I'm having a hard time understanding how it's better than credit cards? Great video, love your channel! :)
Great questions. It’s about financial sovereignty. But agreed re privacy, and highly recommend you look into privacy coins like zcash if that’s your interest. Here’s a more detailed answer ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-0tZC6DZwDO0.html
"When the whole world is marching over a cliff; the man heading in the opposite direction is said to be out of his mind" -- HL Mencin, 12 9th Century Historian.
Great Video Naomi, Are these wallets available in Mexico or only in Canada and the U.S.? Which option is more privacy and security focused? i hope we can go full crypto but i´m afraid that the U.S. goverment wants to replicate the chinese model with the excuse of national security.
These are not wallets, but services. For wallets, check out: odysee.com/@NaomiBrockwell:4/crypto-wallets-explained:1?r=65CZ4khtLVosPYvDbjTstVZydgm3NDF8
3 года назад
DashDirect is only in the US right now, but is coming to Canada soon. Try Bitrefill for other countries.
Cash is great. Unfortunately it's increasingly banned, and will likely be phased out altogether with time. But regardless, you can't use cash for internet purchases.
Again, Naomi, after watching a couple other of your vids, I'm even more curious abt--at least--dipping my scant savings into crypto. But... 1-what is the difference between using crypto as currency to investing in it? 2-where can I find step-by-step information, as a total newbie, on starting either currency or investing that's not going to go whoosh! right over my head? As soon as I feel that I have to pull out that 50lb dictionary of financial definitions, I've done given up. Where does someone like me start? 3-& when are you going to have a contest on the BOMB retro ray gun & tv set in the background?? 😃 😃
Savings are a great use for crypto, people save crypto when they're hedging against future economic instability. Those who USE crypto day to day are saying that this instability is already here and are option out of the traditional financial system altogether. Check out my beginners guide series: ru-vid.com/group/PLt3zZ-N423gVu4HB273Bs_LZ1_o94qQuy And let me know if you have any questions! 📺🚀
3 года назад
I can't really help you with investing, but if you look up "How to Live on Crypto" on RU-vid or Odysee you'll get another easy how-to guide. Look at Naomi's as well, of course.
@ Thanks for taking the time to respond, Joel. I'll check both yours & Naomi's links out, & take this advice to heart! Trying my hardest to catch up with the rest of this Brave New World b4 it becomes 1984......
3 года назад
@@richardmendoza4389 Absolutely, and feel free to reach out to me if you need help, @TheDesertLynx on most platforms.
Considering the crypto crashing recently, what options are there to use it if I just cant afford to risk the loss that seems to be taking people's life savings? For me to start using it regularly, I would need to know that if I put $100USD into some crypto today that tomorrow it wont be worth $5. Your video covers the opposite concern of not wanting to spend because it may be worth more later, but you completely ignore the fact that given the history one is more likely to take a loss in the future than to net any temporary gains. Also, this doesnt actually give much details. When the people you interview say things like "its accepted lots of places" or "I've paid with crypto plenty of times in the past," neither give specific examples of real world usage
Crypto adoption unfortunately is still way too slow and very disparate inside North America and even Europe. And i let you imagine all around the planet. Happy midweek Naomi and keep it up the great job
I live in Greece, why am I even watching this lol! No but seriously, it's great that privacy-based technologies are emerging, but the adoption process outside North America will be very slow, I feel like.
Could you please make a video concerning what would happen to crypto if a solar flare should wipe our technologies? Is there protected systems in place that would survive such a disaster?
I guess I could combine it with "what would happen to all the money in our bank accounts if there were a solar flare", because they would have the same fate. Short answer: total chaos and upheaval of the world as we know it. I hope that people are working on solutions, Kurtzgesagt has a great video on that scenario and precautions that need to be put in place: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-oHHSSJDJ4oo.html
That's a personal question, and I definitely can't give investment advice. Some people have all their savings in crypto. Some might just have 50 basis points.
Depends on the currency you use! Zcash is a privacy coin that is completely anonymous, monero and firo are other privacy coins, dash has a coin mixing feature built into certain wallets
10:16 He cites 'erosion of (FIAT) savings' as a reason to hold crypto - then crypto tanks 70% and he claims 'I'ts a long game'. I guess one possible upside is that crypto will return to those highs... BUT _it can't go up forever_ , and at some point those who are 'all in' will demand stability. OR; Perhaps: the crypto system will need to balance the swings with built-in automatic rewards to counter losses or something of that nature.
fiat is inflationary, it is never going to go up in value because the government only ever prints more of it. You don't see why people are betting on crypto instead?
Reporter from a low budget yellow journalism rag here, can you tell me what it's like to be a hottie that all these guys with oddly specific tastes want to get with?
I strongly advise anyone reading this to not spend any of your cryptocurrencies. They're appreciating assets. They want you to pay them in it for a reason. Especially ones with a maximum supply set. Scarcity + demand = value.
@@NaomiBrockwellTV Yes, I did. It's always good to have a slight cash reserve for the dips and to take advantage of buying opportunities. Who said I don't have 99% of my portfolio in crypto already? 😉 Thanks for replying. 🙂
@@Chris2thepher So you have almost all your money in crypto, and only maintain a small reserve so you can buy more during dips... so how do you buy everything else in your life? Why hold more fiat than you need to? And why use a system that tracks everything? And why not take advantage of huge discounts when you shop? 🧐 So many questions for the "never spend" hodlers 😂
@@NaomiBrockwellTV Fair point, but if I'm going to make purchases it will be with the depreciating cash I have rather than my crypto asset holdings. I strongly believe these prices we're seeing now will soar in the near future and these current fluctuations are going to be negligible, so spending crypto personally doesn't make sense at this pivotal time in the digital revolution. I've actually been very lean with my spending like your guest said, especially since the pandemic started.
Living off crypto sounds about as easy as living off of coffee and pastries and craft beer. That is to say, those of us who don't live like college students anymore, probably not feasible. And if you're buying backpacks or whatever from Amazon through an intermediary, what is the premium? Obviously there must be or the middleman wouldn't make any money. And if you're concerned about privacy, aren't you concerned that the middle man will know everything you're buying and turn it over to whoever?
Ah! I should've thought about it this way! He basically receives his wages in crypto, so this is not an investment and his Tax is just within whatever his tax bracket is for the job. Is that what's happening?
@@mac88white Actually it's not. You pay a percentage in however much the money has gained value. This doesn't equal a 20% increase on purchase. You're actually net positive.
@@NaomiBrockwellTV I was referring to the first part of the original comment. It is a taxable event and therefore up to the user to keep track of the price of whichever crypto they used at the time of sale , establish an accounting method, and pay taxes when it comes time. There may or may not an app that helps with this sort of thing, but I doubt that there's one that integrates with the all the various products/services showcased on the video. Could be wrong though.
Naomi, I sent you an email through nbtv. That email is legit. I recently recommended you be interviewed for a new docuseries getting filmed by the guys that did the series Money Revealed. If you don't want to do it that is fine. I just wanted you to know if you get contacted that it was in fact a legit media request.
So, if you wan to use crypto, you have to only use businesses that use it, or convince businesses to use it, or use a work around service to essentially convert crypto to local currency... Say what you will about the dollar here in the US, but it's taken everywhere, and doesn't require a lifestyle change to earn and spend it. It's interesting to see how someone can live on crypto, but even he isn't able to do it.
No chance I’m buying anything in crypto, I’ll end up buying a $2.00 soda that will be worth $200 in a month. I’ll hold. Maybe stable coins but never BTC, ETH or any crypto that historically goes up in value.
The problem with crypto is that all of it is entirely dependent upon computers. One single well placed electromagnetic pulse, natural or artificial, will wipe it all out. Gold will always be gold no matter what.
Everything is dependent on computers. If they fail, everything will be chaos and previous assumptions about what had value won’t hold because we’ll have very different priorities.
