Beyond 6 Seconds on Smash Notes

Episode 39: Erica Stanford – Cryptocurrency Simplified

Beyond 6 Seconds

Erica Stanford got into the field of cryptocurrency as an investor in early 2017. She is now the co-founder of cryptocurrencysimplified.com - a project aiming to make crypto and blockchain be better understood and adopted by the mainstream public. On this episode, Erica discusses how she educated herself about blockchain technology and became fascinated by its current impact and potential to transform society and empower individuals in almost every industry worldwide. Inspired by the trial and error of her own learning experiences, she built an unbiased, reliable web resource to help people learn about blockchain and cryptocurrency that will include how-to guides and translate the technology into simple English. Erica also shares advice on how crypto investors can protect themselves against scams, hackers and fraud. Learn more about Erica’s work at www.cryptocurrencysimplified.com or via email at erica@cryptocurrencysimplified.com .

Episode notes last updated on August 06, 2019 21:34

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Smash Notes summary for this episode

Who is Erica Stanford?

She is a 2009 graduate of the University of Edinburgh with a master's degree in economics and politics. She worked in the sales and marketing arena for 8 years before she became an investor in the cryptocurrency world in early 2017. She is the co-founder of CryptoCurrencySimplified.com which strives to make crypto and blockchain better understood and more accepted in the general public.

What is cryptocurrency?

It is a digital currency. It does not have a physical counterpart and is secured by cryptography. Cryptocurrency is built on blockchain, which is a way of recording information securely. It allows for the storing and keeping of anything of value without needing a third party (i.e. banks and other financial institutions).

Are there reliable resources available for understanding the world of cryptocurrency world ?

The majority of the information available is paid for by crypto companies and there are currently no regulations. Thus, the information being relayed is often biased.

How is the information vetted on cryptocurrencysimplified.com?

There is a team of freelancers and researchers who are well-versed in the industry. All of the information they compile is then reviewed and edited by the website founders.

Are there ways crypto investors can protect themselves against scams ?

Practically, VPNs and security software are important with crypto and any other information housed on computers. Then, one must inform themselves on the industry and complete extensive research. Be knowledgeable of how quickly the crypto world changes.

What is the future of cryptocurrency ?

It very well may be the mainstream payment method within the next 5 years, similarly to the current use of Apple Pay. Some sources are already accepting payment from Bitcoin.

Are there certain skills required for someone desiring to invest in crypto or crypto-related projects?

It is high-risk comparatively. It is recommended that people understand the investment side of it as well as the technological side of it. This is not limited to just becoming involved in the crypto world, though. Individuals should always be as knowledgeable as possible when they are considering investing time and money into anything.