Dogecoin and Ethereum Questions Answered

Tiffany and Jarrod discuss Dogecoin and Ethereum in relation to Bitcoin and other cryptocurrencies.

What this episode is about: Insightful conversation with perspectives, observations and questions about Dogecoin and Ethereum

1. Successful Sip [1:08]
2. Introduction of topics: Dogecoin, Elon Musk and cryptocurrency, with Tiffany’s viewpoints, comments and questions [2:20]
3. Jarrod’s thoughts and queries about cryptocurrency and an observation and analogy of Dogecoin being “more Gamestop than Tesla” [5:20]
4. Analysis of Elon Musk’s promotion of Dogecoin and the idea that cryptocurrency is perceived as “easy money” and “counter cultural” [7:42]
5. Perspective that buying Dogecoin is part of an identity or a way for people to express an opinion, and from an investment standpoint, one of the less-secure block chains [10:00]
6. Discussion of Ethereum transferring from a “proof of work basis to a proof of stake basis” and how its underlying economics are changed because of this [12:48]
7. Explanation of the terms “forking” (copying code to a parallel chain and naming it something else) and “gas fees” (burning of Ethereum) [16:29]
8. Description of the continuum from basic to complicated, with Bitcoin at one end and Ethereum at the other [18:58]
9. Opinion that Bitcoin feels more sustainable than Ethereum, and what-if scenarios for the future of these types of currencies [20:49]
10. Conclusion and emphasis on evaluating the full picture if you find that you have stress and emotion around this topic, which could be due to a lack of knowledge. Invitation to contact Entrepreneur Aligned with questions [26:15]

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