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RE: Understanding Blockchain Freedom — Episode 002: What Is Cryptocurrency?
Thanks for the education Luke. As a cautious investor new to cryptocurrency, it is nice to get some clarity from a person with experience. I will look forward to the next video. Have a great week!
Thank you! Please let me know if there are any specific questions you'd like answered in more detail.
This may seem dumb and you may be planning to address it in a future video, but I just don't know the mechanics of going from cash in my checking account to holding a currency. How does the idea of a wallet compare to an account at a financial institution like a bank or brokerage? Then once I own currency, securing that asset. Trying not to feel dumb asking what seems basic around here, but anxious to learn.
I think we get so used to using middle men financial institutions to hold our assets that the idea of handling an asset myself feels a little foreign.
Yes, the next video will get into exactly that. It's certainly a tricky process understanding how exchanges work, why you need to be careful using them, and basically why, with cryptocurrency, you are your own bank and there is no protection other than what you provide yourself. Stay tuned!
Thanks Luke, I thought you were headed there next.