We’re asking blockchain and cryptocurrency dumpers to tell us what they think of the industry … and we’re throwing out some random zingers to keep them on the ground!
This week, our 6 questions are for Lisa N. Edwards, a crypto trading expert, moderator, and co-owner of Getting Started with Crypto.
Lisa is a seasoned Elliott Wave trader with over 20 years of experience in traditional stocks and commodities and currently trades exclusively in cryptocurrencies. She co-directs and co-owns Started In Crypto, Thousand To Millions and The Moon Mag. Lisa has extensive experience in previous businesses such as Satoshi Sisters, Trading Places VIP, D4.Partners and CoinRunners. Outside of trading, Lisa has a thriving career in media and film, with a crypto-themed script titled “CoinRunners,” which she believes will be filmed in late 2021.
First – If you tell people that you are in the blockchain industry, how will they react?
Has anyone said they are in the “blockchain” industry? Crypto, honey, all the way! For years I’ve been telling people to buy Bitcoin (BTC) and various cryptocurrencies, and now that Bitcoin is around $ 45,000 it’s suddenly exciting – more interesting at $ 45,000 versus $ 200. That was the price when I started actually telling people to trade bitcoin. I shook my head and laughed when these people asked me. The reactions, however, were the opposite – most of the time people were either amused or looked at me blankly. There is nothing in between.
2 – What will happen to Bitcoin and Ether in the next 10 years?
Let me take my crystal ball – it was trained in bull runs. I never want to look that far into the future as a lot can happen in crypto in just two months. So 10 years is like an eternity. Both can become dinosaurs, and we know what happened to them.
3 – Will we ever find out who Satoshi really is? Why or why not?
It depends on who you ask. Different things are important to different people.
Satoshi is defined by people in many ways, and thoughts and ideas – about someone or something – lead to new ideas, changes, and conversations. I have a family relationship by the name of Satoshi and I haven’t passed the interview without being mentioned (yawn). But to be honest, I’m only interested in living my life, sharing my experiences in the crypto world and letting others decide for themselves.
4 – What’s more silly: $ 500,000 bitcoin or $ 0 bitcoin? Why?
Neither is silly and there are arguments for both.
$ 500,000 in Bitcoin is a simple argument from a transactional point of view, given its global acceptance and an extremely outdated, archaic financial system. With only 21 million BTC mined and a projected world population of more than 7.8 billion people in 2021, there are currently 18,821,768.75 BTC in circulation. Then remember that 30 to 50% of the total supply could be lost because the paper wallets will soon be destroyed, the hard drives no longer exist, or you simply forgot the password to access them. This is a closed market pattern that is making it scarcer by the day, so demand can certainly outweigh supply, making $ 500,000 in Bitcoin a strong reality. Basically, money is a technology that has reinvented the system of exchange, and Bitcoin is a technology that can reinvent the way we trade around the world.
For Bitcoin $ 0, you’re trying to get me to expose family ties and the BSV camp argument that when Craig Wright moved the starting block, BSV was Bitcoin and BTC was obsolete. Personally, I don’t think BTC would go to zero even if it did. My analogy is that if we look at blockchain as the streets we drive on and any cryptocurrency as the car we drive, I might prefer a Porsche 911 because it looks faster, nicer and better. For me, though, Bob likes his Prius because it’s reliable and energy efficient. Both can successfully drive on the same road – as crypto, with bridges and interoperability – but many prefer the Porsche to the Prius. So don’t be Bob – be like Lisa!
5 – From smart contracts to DApps, NFTs, and DeFi, we’ve seen many of the next few “killer apps” from crypto, but none of them have really been successful. What will stick
The app anyone can use without understanding the terminology or what it does to change their life. The same applies to applications in the non-crypto world. A successful application has to be simple, it has to provide a solution to a real problem and it has to be efficient as the attention span gets shorter and shorter.
The truth is that no matter how things work, most people just want the solution, although I think people in the crypto world are more interested in understanding how something works. It’s really fascinating when you get into it! Think of mainstream output with an underground construction. Most of the apps don’t mention anything related to crypto even though they’re based on technology! It’s not necessarily the defining trait that draws the audience in.
6 – Have you ever bought a non-fungible token? What is it? And if not, what do you think will be your first?
I always buy and sell NFT while trading. Do I have distinctive works of art? Not now. My problem with that now is that art should be shown. I have a problem with displaying art on the LCD. I suppose it’s no different than having a photo gallery on my iPhone to bring back memories when you’re feeling nostalgic but having a big and ugly LCD screen on the wall that is kind of a $ 69 million beeple indicates has ruined the artistic purpose. I believe NFT can transform the music and media industry by allowing artists to automatically distribute royalties, and I would love to see my CoinRunners movie funded this way to introduce the cryptocurrency industry to the public. To answer that, I want CoinRunners to be my first NFT.
A wish to the blockchain community:
If you can dream about it, you can achieve it, so don’t stop trying until you find a way!