How To Keep Your Crypto Safe with Brock Pierce

Bitcoin Crypto Mastermind

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“3 billion people on this planet have no access to financial services. Another 2+ billion with limited access. Cryptocurrency will democratize the global financial system where every human being will have equal access to money.” - Brock Pierce

Storing cryptocurrency can be risky if the right precaution isn’t taken.

Never before has there been such a valuable digital good. Our Internet is not built to safely house cryptos moving through the network. So, we must follow a strict protocol when creating our own infrastructure to house its value.

On today’s episode of The Tai Lopez Show, we have cryptocurrency-expert, Brock Pierce. Brock is the Chairman of the Bitcoin Foundation, cofounder of Blockchain Capital, and has been in the digital currency game for the past 20 years. His understanding of everything cryptocurrency-related is just what we need to make sense of all the contradicting wallet advice.

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“Get 2 wallets. And you’ll learn to have greater redundancy if this becomes millions of dollars.” - Brock Pierce

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Points to Keep In Mind

Cryptocurrency is a bubble but so is everything else
Currently in an emotional market, sentiment is the driving force of prices
The blockchain will bring security to Data Transport Protocol
A good teacher doesn’t tell you what to do; he or she transfers knowledge and lets you make the decision
Imagine a real estate market that’s fractionalized where you can invest in portions
Read the Innovator’s Dilemma to learn how the incumbent gets disrupted by the startup
The banks will also benefit from blockchain technology
We are living in accelerating times; you have to either evolve or die
If buying your first coins, use exchanges (these are your on/off-ramps into this world)
- Good exchanges are: Coinbase, Gemini, Kraken, or
Once you have procured coin, move it to both a virtual wallet and a physical (hardware) wallet
For virtual, think about desktop/mobile needs for security purposes
- For bitcoin - Bitcoin Red, Airbitz Jaxx
- Other options: MyEtherWallet and Exodus,
- Bitgo for large amounts of money
Leave large amounts of money online

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