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Part 1 : Laying The Foundation - Money & Cryptocurrency 21
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Lecture1.1
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Lecture1.2
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Quiz1.1
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Lecture1.3
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Lecture1.4
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Lecture1.5
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Lecture1.6
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Lecture1.7
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Quiz1.2
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Lecture1.8
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Lecture1.9
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Lecture1.10
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Lecture1.11
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Lecture1.12
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Quiz1.3
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Lecture1.13
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Lecture1.14
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Lecture1.15
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Lecture1.16
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Lecture1.17
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Quiz1.4
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Part 2 : Cryptocurrency Categorization 11
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Lecture2.1
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Lecture2.2
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Lecture2.3
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Lecture2.4
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Lecture2.5
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Lecture2.6
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Lecture2.7
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Lecture2.8
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Lecture2.9
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Lecture2.10
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Lecture2.11
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Become a Crypto Analyst - Mastering Tokenomics 16
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Lecture3.1
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Lecture3.2
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Lecture3.3
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Lecture3.4
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Lecture3.5
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Lecture3.6
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Lecture3.7
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Lecture3.8
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Lecture3.9
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Lecture3.10
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Lecture3.11
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Lecture3.12
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Lecture3.13
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Lecture3.14
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Lecture3.15
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Lecture3.16
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Part 3 : Buying and Storing Cryptocurrency 18
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Lecture4.1
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Lecture4.2
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Lecture4.3
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Lecture4.4
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Lecture4.5
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Lecture4.6
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Lecture4.7
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Lecture4.8
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Lecture4.9
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Lecture4.10
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Lecture4.11
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Lecture4.12
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Lecture4.13
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Lecture4.14
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Lecture4.15
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Lecture4.16
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Lecture4.17
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Lecture4.18
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Part 4 : DEFI - Decentralized Finance 10
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Lecture5.1
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Lecture5.2
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Lecture5.3
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Lecture5.4
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Lecture5.5
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Lecture5.6
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Lecture5.7
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Lecture5.8
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Lecture5.9
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Lecture5.10
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Creating Wealth Through DEFI 7
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Lecture6.1
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Lecture6.2
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Lecture6.3
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Lecture6.4
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Lecture6.5
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Lecture6.6
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Lecture6.7
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Part 5 : Building Wealth in Cryptocurrency : The Safer Option 3
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Lecture7.1
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Lecture7.2
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Lecture7.3
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Faster But More Risky Strategy to Building Great Wealth In Cryptocurrency 8
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Lecture8.1
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Lecture8.2
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Lecture8.3
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Lecture8.4
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Lecture8.5
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Lecture8.6
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Lecture8.7
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Lecture8.8
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Part 6 NFT - The New Frontier for Creators and Collectors 8
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Lecture9.1
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Lecture9.2
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Lecture9.3
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Lecture9.4
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Lecture9.5
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Lecture9.6
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Lecture9.7
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Lecture9.8
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Part 7: Cryptocurrency Trading 10
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Lecture10.1
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Lecture10.2
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Lecture10.3
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Lecture10.4
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Lecture10.5
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Lecture10.6
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Lecture10.7
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Lecture10.8
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Lecture10.9
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Lecture10.10
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40 Comments
Money has no value because it a centralized currency , fiat money while cryptocurrency is decentralized that is it can’t be control by one individual
*Money: I learnt that money is not just the paper bill or coins we carry about.
*Cryptocurrency: I learnt that crypto coins are actually different from crypto tokens and that crypto tokens facilitate lending and borrowing on blockchain.
From what I have learnt so far, I personally notice that any item or verifiable record that is generally accepted as payment for goods and services is called money. it can be in form of coins and banknotes.
the fiat money is intrinsic and that makes it worthless. It is also volatile. it is controlled by government. it is also centralised. it can be burn or consumed by parasites.
but in cryptocurrency, it is divisible, decentralised, more powerful than the fiat money because all the five properties of money given above, cryptocurrency is far more powerful that them. you can see where it is been carried to (depositing or borrowing).
thank you sir
The most important lesson I learnt in this foundational class is that Fiat money is always depreciating and losing its value. The value of a particular amount today (irrespective of the currency) would decrease tremendously in 10 years time.
Also because it runs on a centralized system and is under the control of the government, storing all your wealth in Fiat currency is very risky. You can lose it all within a twinkling of an eye.
On the other hand, Cryptocurrency is safer, more stable and is decentralized. Any wealth you store as a cryptocurrency is directly within your control.
the important lesson is that the era of fiat money is decreasing thereby birthing the revolution of cryptocurrency which is the future of money
I learnt that fiat is centralized, the govt has control over it, it losses it value but crypto is the future money, it is not control by anyone.
Also, I learnt that bitcon is different from Blockchain, it works on blockchain, apart from bitcon, there are other coins which are called Altoins and they have their own blockchain. Token do not have their own blockchain but it can be used to transact business on blockchain.
So far, I av been able to learn dat we are already in new evolution of currency, cryptocurrency has come to solve d problems of fiat currency. The Blockchain technology which has been used to produce cryptocurrency has brought transparency into d currency world in which currency can be decentralised.
I learnt that money is an expression of value and possesses certain qualities which are also evident in crypto.
Crypto is decentralized and cannot be manipulated.
Money is anything that can be used as a medium of exchange and cryptocurrency can also be used in terms of money because it possesses all the qualities of money and can be accepted globally
The most important lesson that I learnt is that FIAT is going to face out very soon and virtually all will have to switch to crypto which meets all the properties of money as what we have been spending so far in fiat is currency and not money.
Real Money meets all the properties but FIAT only proved to be close but did not satisfy all of the properties.
Money as a representation of value can be anything as long as it is generally acceptable as a medium of exchange. Money(fiat) currency has no intrusinc value and it is subjected to inflation and government policy (demonetisation)…
Money is centralized thereby prone to manipulation and corruption.
Cryptocurrency is the future money.
It’s decentralization makes it transparent and easy accessibility…
It is the best way to store wealth
I learnt that unlike the notions people are having that bitcoin is very volatile, surprisingly it actually increase steadily in value with time.
In this first module about money and crypto, I’ve learnt that the future of money is cryptocurrency.
Cryptocurrency, apart from possessing all the attributes of money, has come to solve the problems of (Fiat) money in the sense that it does not loose value hence has nothing to do with inflation, instead rises in value and thus used to store wealth; is divisible, very portable etc.
Most importantly, it is decentralized and can not be controlled by any single person or government like the banks do.
Finally, cryptocurrency has the attributes to solve much bigger problems than money like using block chain technology in other areas like voting/election etc.
Thanks
Money is depreciating because it can be controlled by individuals or government.
Cryptocurrency is always appreciating in value and it can not be controlled by government or individuals.
I learnt from this foundational class that crpto currency can be generally be used as means of exchange because it has ALL the five properties of money. Moreso, it is not controlled by anybody.
On the other hand, fiat money possessed ONLY three out of five properties of money. In addition, the fiat money is controlled by the government, and is subject to inflation and hyperinflation at any time.
The most important thing I learnt from this module is that fiat money depreciates as the year go by, while cryptocurrency appreciates and is a powerful store of value.
I learnt the differences between coin and token. Because earlier before now I was thinking they are the same. This lecture cleared me.
It is important to state that fiat money depreciates over time with the level of inflation worldwide though with different degree.
It is also a known fact that fiat currencies has no intrinsic value as they are not backed by physical item list gold, silver or platinum but its value is dependent on government policies and pronouncements by the central banks of each countries globally.
Crypto currencies is the future of money as it meets all the features of fiat currencies, and its decentralization and value is not dependent on any government policies and pronouncements.
Crypto currencies is the future money and represents better way of store of value.
The most important massage I learnt from this course is about the dangers of Fiat money inflation and hyperinflation and what I learnt about crypto is the security it gets from the blockchain.
I have learnt so many things, among which is the fact that fiat money over the years have lost its stability and can no longer be trusted as a store of value.
I have also learnt how God have blessed our generation with a trusted technology (Blockchain) that has opened a new form of money which can turn a poor person into millionaire/billionaire with time.
Thank God and Engr Emma Okoro for this early opportunity to learn more about the new form of money and to key into it on time.
Thank you sir.
Thank you!
I learnt that Fiat money decrease in value when it’s supply increases. While Crytocurrency increases in value overtime
One lesson i have learnt is that just as the prehistoric trade by barter system developed its flaws with time the same fiat money has also shown similar flaws over the years and cryptocurrency is a medium that has come to address present and future concerns of money
Money’s time is almost up. Crypto currency is the new normal and it is here to stay.
The most important lesson I learnt about Money and Cryptocurrencies is that Fiat money is subject to Inflation e.g If you but a plot land for N1m today, in ten years time, the same one plot could be worth N100m. Corrupt government can frozen your bank account because of what they termed illegal activities and also during hyperinflation, money will become useless as a barrow of money can be used to purchase one a head of pineapple 🍍 but with Cryptocurrencies it have all the properties of money and even outperforms fiat money. Cryptocurrencies are:
1. Fungible
2. Durable as it cannot damage neither can it be eating by rat or swallowed by mysterious snake 🐍
3. Portable: 30 BTC is worth about N525,000,000 which you can carry on your mobile 📲 phone from one country to another without the notice of anybody or any government charging you for money laundry
4. Highly Divisible: as you can divide ➗ one Bitcoin into 100m Satoshi which is impossible with fiat money 💰
5. Stable: as it have been increasing over the years although it’s highly volatile but if you know what you’re doing and receive 📨 the right trainings, you will get to know which coin and token to trade on that will change your life sweatlessly.
Nice one
Cryptocurrency is the future of money
I learnt a lot from the start of this program which I don’t regret joining this program because our able engr always deliver.
Every body knows that fiat money is valueless most especially Nigeria money, we are in a world where everything change technologically, in fact to my own view more technology are still coming that will be better than bitcoin or block chain, because it stated somewhere like trade by batter, IOU, and many more.
Thank you Abdul-Lateef.
I learnt that money depreciate in value and also run-in centralized system which can be controlled by the government with this you can not keep all your money in bank.
While cryptocurrency is decentralized in nature, more valuable than the flat money
Powerful!
I learnt that fiat currencies are centralised, and that banks/governments can easily manipulate them to extort owners; while cryptos are decentralised, and can hardly be distorted.
It’s been inundating!!
Money(Fiat) has no intrinsic value and is heavily controlled by the government as its system is centralized, while cryptocurrency on the other hand in decentralized and cannot be controlled by any government or individual.
Quality cryptocurrencies with good use cases, long-term prospects and handling a particular need/issue can be a better store of value than the fiat
I learnt that fiat money can’t be regarded as wealth because it depreciate continuously, it’s also highly centralized, while crypto does the opposite. And with this blockchain technology lies the future of global finance
I learnt to save for future u shud use crypto bcos it appreciates other than saving in the bank being controlled by govt.
Crypto has all the characteristics of money why the fiat money does not.
its highly valueble than fiat money
even though it is highly volatile but it have great store value than fiat money
Fiat currency will continue to depreciate and is backed government trust and it is prone to inflation year on year. This is why cryptocurrency is getting a lot of encouragement.
In this foundational class, the most important lesson I have learnt about Money and Cryptocurrency is that it is very dangerous to invest in Fiat Currencies as they depreciate over time and are subject to Government Control. Cryptocurrency is the future of money because it operates on a safe, decentralized blockchain, it has all the qualities of the fiat currency and even much more. (More Durable & Divisable) It is a great store of value.
Thank you so much Sir for making learning easy and really going to the basics.
Thank you!
I learnt that Fiat money runs in a centralized system,unlike cryptocurrency which runs in a decentralized system.
So storing all your wealth in Fiat money is very risky ,since you may lose it anytime through inflation or through fraud .I.e the Wells Fargo Scandal and the collapse of Lehman brothers bank .In a decentralized system like Blockchain technology,it is impossible to cheat the system.
Fiat money is already loosing it’s ground by the advent of crypto currency.
The value of fiat is solely determined by the government while the market participants determine the value of a crypto currency.
There is high tendency of manipulation from the central ledger while manipulation is almost impossible because of the decentralized ledger system operated by the Blockchain technology.