Where are NFTs Stored? + The Basics of Blockchain and Crypto w/ Simon Grunfeld
In this episode, Shamus Madan engages with Simon Grunfeld, a fintech and blockchain expert. They delve into global cryptocurrency transactions, decentralized applications, and DeFi. They also discuss blockchain's energy consumption, the storage of digital assets, and Bitcoin's scarcity. The conversation extends to security token offerings, the future of Dogecoin, and Elon Musk's impact on the crypto market.
Key Points
- Blockchain technology offers a decentralized and trustless system for transactions, eliminating the need for a middleman and allowing for 24/7 peer-to-peer exchanges of assets.
- The value of cryptocurrencies like Bitcoin is derived from their scarcity and utility, while the sustainability of community-driven cryptos like Dogecoin depends on the continued support and interest of their user base.
- The growth and potential of blockchain technology are significant, with increasing job opportunities in the sector indicating a bullish trend for the industry's development and impact on the future of finance and technology.
In this episode, I had Simon Grunfeld (VP of Crypto at SIMBA Chain) on to discuss some basics revolving around blockchain, crypto, what gas fees are, and where the NFTs you buy are stored (hint: not on the blockchain).
Twitter of Host: @mbitpodcast
Twitter of Guest: @simongrunfeld
Disclaimer: The podcast is NOT financial or investment advice. The podcast is also not a research report and should not be used for the basis of any investment decision. The podcast is NOT a recommendation to buy or sell crypto.
Chapters
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| 24:11 |
Transcript
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