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Future of Fortunes Episode 13 - New Staking Laws And CryptoLending
- 2023/03/01
- 再生時間： 32 分
- ポッドキャスト
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あらすじ・解説
Future of Fortunes is a podcast hosted by Byron Wolfe that covers the future of making money. The episodes feature conversations with business experts to discuss topics such as staking, crypto lending, and XRP's utility. In the wake of Kraken's settlement, the podcast discusses the risks and benefits of crypto lending and staking. Guests such as CNN's John Sutter offer their expert opinion on issues such as the US stock exchange providing a historical return of about 10%, how the network works, and Cardano's real-world use. Jack McDonald's expertise from working at the NLI for 30 years is highlighted and the potential management fees and payouts that stakeholders face is discussed. With valuable insight on the future of money and honest conversations, be sure to tune into Future of Fortunes.Topics Discussed and Key Points:-The Benefits of Staking & Crypto Lending-The Risks and Benefits of Crypto Lending-The Utility of XRP: Exploring its Impact on Price Stabilization-Investing with Leverage: The Benefits and Risks of Using a 90 Percent Loan to Value Ratio-The Security and Validation of Blockchain Networks-The Impact of Regulation on Financial Brokers-The Real-World Potential of Cardano Crypto Technology-The SEC's Decision on Staking and Poly science Leveraging Technology-The Impact of Low Yields on Crypto Nodes Timestamps:[00:03:39] The Benefits of Staking & Crypto Lending[00:07:12] The Risks and Benefits of Crypto Lending[00:10:49] The Utility of XRP: Exploring its Impact on Price Stabilization[00:13:52] Investing with Leverage: The Benefits and Risks of Using a 90 Percent Loan to Value Ratio[00:17:02] The Security and Validation of Blockchain Networks[00:20:29] The Impact of Regulation on Financial Brokers[00:23:52] The Real-World Potential of Cardano Crypto Technology[00:26:55] The SEC's Decision on Staking and Poly science Leveraging Technology[00:30:00] The Impact of Low Yields on Crypto Nodes Notable Quotes:"It's definitely big news in the crypto space. So excited to get into this one.""Kraken had to shut down their staking protocol. Right. So, to me, that was probably more important than the 30 mil is the fact that they are no longer going to be staking.""Crypto lending, generally, wants a higher margin of error, so to speak, because they know that crypto moves more swiftly than other assets.""With staking, you're going to earn rewards. So that's kind of how you get paid for your staking.""Bitcoin specifically, a big holder of wealth. I think a lot of people believe in Bitcoin regardless of its utility. A lot of people probably don't even know what the utility is.""We're setting new parameters. We're doing new things. They make sense. We're changing the format upon which people make money.""I just wanted to give them something that would be similar. Right? Yeah. We've talked about XTC, you know, and you mentioned that, you know, we're looking at about a, you know, 10 percent on that. And I think that's going to be great.""I do think that these things are going to become more and more prevalent. They're going to be more and more, not necessarily the norm, but they'll become normalized. And that that to me is really cool."""We want to save for the market. We want a less volatile market. We want, you know, I'm not saying, like, it has to be, you know, everybody needs to be on the same level. Like, obviously, if you do your research, and you're more informed, you know, you should have a better chance of success. Right?""Like, just because your uncle's neighbor says, hey, this is a good play, it doesn't mean that it is. You know? Like, do you answer?""Look for utility. You know, like we talked about with the lending thing, the coins that have utility that have a purpose when I say utility, I mean, an actual purpose, like a usefulness. Look for those. Because if the crypto doesn't have any usefulness, doesn't have, like, a legit purpose, then it's not a good 1 to get invested in.""And so, you can own it because you believe in the technology and what it's capable of but at the same time, I don't know any of this. I don't know what it's going to do. Right? Yeah. Like, if they can give me a tangible use case and say, hey, here's their partners, these are the people that are already doing it with this, and this is how it's going to happen in the future. I can get behind."Resources:The Future of Fortunes PodcastConnect with Byron Wolfe WebsiteLinkedInCall to ActionIf you enjoyed this podcast and want to support us, please subscribe on the platform you listen to podcasts from, leave a review and share with your friends. We’d greatly appreciate it!