What is Blockchain Technology and Web 3? #blockchain #crypto #learncrypto 3investing
welcome it is time to grab a seat buckle up and take a ride with me through the wild wild west of the web 3 universe where we will learn all about coins and tokens nfts and contracts digital real estate and the metaverse and so much more there will be a lot to get through on the block but i'm here to help you pave the way and avoid those nasty pitfalls and rug pulls so you don't get hurt i will introduce you to interesting characters and concepts as we go about this journey welcome aboard your ride starts now hey hey dr brooke aka the crypto proctor here with you today thank you so much for being here hope you are buckled up and ready to take that ride because we are in for a fun one for this first ever episode of dr brooke on the block and today i want to actually help you understand what is blockchain what is the blockchain why is there a lot of buzz around the word blockchain how does that relate to crypto how does that relate to nfts jpegs all of that right there's so much going on so we're going to talk about what is blockchain and the history of blockchain today and i also want to share with you my story the story the origin story of how dr brook got on the block how dr brooks started her endeavor down the wild wild west of this web 3 universe because let's be honest if you're listening to this episode today a you know me and you are supporting my projects and what i'm doing but b you're also intrigued or you know want to know more curious about the space maybe you know a little bit about the space and you don't know how things tie together i'm going to be giving you an opportunity at the end of this to learn more and to go deeper uh with me and understanding blockchain technology and why i'm extremely passionate excited and you know just really all in on this so uh story first i got into crypto uh in 2021 uh so just a little bit ago actually not too long ago what makes me think that i am you know qualified to be teaching or talking about this the fact that i've gone through tons and tons of research and i've put in hundreds of hours in understanding and connecting dots and going through the motions uh listening to the people uh growing and developing my own understanding of it and so i'm learning along with you and we are going to be taking this journey together but i'm really just excited overall to be here so in you know early 2021 i had a patient of mine come into the office working on him no big deal uh tells me hey brooke brooke broke brook you got to buy this coin you got to buy this coin and now for pretext of the story or just to kind of add a little bit more to that i've known this guy for over 10 years like we've known each other from church uh probably even longer than 10 years because i think i was like 18 years old when we went to that church together so i've known him a really long time and i have a lot of respect for him and he was really promoting this coin and telling me to get in now i have had other friends in the past when i was in chiropractic school talking to me about crypto but they weren't talking to me about crypto they were doing exactly what this guy just did in terms of hey you got to buy this you got to buy this you got to buy this you got to get it now i'm a student i'm on a student loan budget i'm you know not at all understanding uh crypto you know by ethereum by bitcoin i didn't understand any of that back in early 2017 and so i didn't get in but i had a basis or an understanding to some extent or i recognized the words right so i knew the words because there were people who had like challenged me or were asking me to get in and i didn't so here i am you know fast forward about five years four or five years and my patient comes in mike and um shout out to mike bennett for the um introduction into this space because you've really created a monster in a good way and so i just really appreciate you and thank you so i you know see mike in the office and he tells me to buy this coin i'm like oh my god like not mike like not another person from the street corner bye crypto buy crypto buy crypto right like for those of you who've had friends like that you might be laughing right now going oh my god i know that feeling because it's just like lord have mercy right so i checked the box i did as mike said i had 100 extra bucks it was like no you know skin off my back it wasn't gonna like make or break me and i was like all right mike bought the coin so coin you know right now is trading at less than a penny so i was able to get like millions of coins for my hundred box and i it just sat there like i literally just let it sit there and i was just like all right like okay cool officially in crypto like whatever and it wasn't until a couple months later and mind you i hadn't really looked at it like i would go into the app maybe once every couple weeks just to kind of see if my hundred bucks is still there and you know it'd be down and be up it'd be down it'd be up it's like whatever and so i you know a couple months after the initial purchase i'm walking around in the grocery store my boyfriend's in town and my daughter and we're you know they're looking for ice cream in the frozen food section we're pushing the cart and all of a sudden i get this massive hit like like this hit to my chest like for those of you who've ever experienced this intuitive guide whatever you want to call it you know um sign from the universe god god speaking to you however you define that feeling where you get that strong feeling either a to talk to a certain person or to go a certain way home and it like leads to these amazing opportunities or whatever i know throughout life if you really truly think about it there have been moments in time that you have experienced those this was not the first time um i've experienced those strong intuitive feelings but it's one of the first times that i've really actually tuned in and listened so as a certified dsa or as a certified dynamic system analysis practitioner dsa for short you know part of my work is to have knowledge of the human body and how the human body works but also operate from that intuitive like higher energy higher spiritual center to be able to communicate with the human body in a way that helps people heal and you know get better and so that's what i do as a practitioner as a crypto investor or as a blockchain enthusiast or like i like to say now a blockchain officiant or you know like official i can't even pronounce the word guys geez but a blockchain aficionado there it is um and you're gonna you're gonna experience a little bloopers in here and this is gonna be real and raw and we're not gonna edit and we're just gonna like go with the flow and you're going to see me learn and grow and in the hopes like i or in return i hope that you learn and grow and understand you don't have to be perfect to put yourself out there like i've struggled with feeling feelings of having to think that i had to be perfect and everything be you know prim and prop and the reality is is people want real and rawness and they if they connect with you based on what you're teaching or what you're sharing then that's great and they're connecting authentically to you and not to this like you know brushed up version of yourself so i digress now in the frozen food section get this huge intuitive hit like an intuitive hit that i couldn't ignore it was like you need to buy more of that coin now i'm like this is so bizarre like this is so crazy bizarre because i'm like why am i getting this out of nowhere but i'm also learning to actually trust those moments more and more in my life and as i trust them more and more more and more of them happen so my daughter is now in custody of the shopping cart as i'm fumbling my way through the app platform that i use to trade my crypto because i i literally did not get into it very much at all over those you know couple months prior so i didn't know how to transact i bought the first purchase with mike's help so now i'm here by myself funnel fumbling my way through in the grocery store stores my daughter and my boyfriend are you know trying to get the groceries doing what they're doing and i'm so preoccupied face down head down trying to get this taken care of we approach a cashier guarantee she is looking at me like what is this woman doing like you can't even focus i'm handing my daughter the card to pay and i'm processing the transaction get the transaction process feel okay got that off my back right well next morning i wake up that coin shot up 40 and then 20 and then up up up up up up and it drops to zero and it it just i'm watching it climb climb climb and i'm like holy crap holy crap like i i cannot make this stuff up like i cannot and so from then on i said you know what just like as a certified dynamic system analysis practitioner i have the knowledge of the human body coupled with the intuition and that's where the magic happens i cannot utilize or trade crypto or do anything on the blockchain until i actually understand this because i'm not going to invest solely intuitively and wait for that next intuitive hit i need to know how this functions so i can make good calculated decisions right and so from that point on it it just like led me to learning learning learning learning more more more listening to all kinds of hype people and then all kinds of real people and then all kinds of different things people promoting different coins or talking about different things and i was like i don't understand how this all works and so as i was pulling from all the pieces and these people that you know i have a lot of respect for in the industry teaching very high level things hey what is bitcoin okay bitcoin and this this this we're really not getting down to the fun to fundamentals and having people understand how do all of the pieces connect together so a weird random fact about me is in my brain i can make all of these connections where i go oh sally is related to john who's john's grandmother you know went to school with you know your best friend and boom boom i i make all these random you know people connections in my brain or i know how different influence our influences are influencers are connected to each other right like how this person gets involved with this program and blah blah blah and so on right so i never understood how i would ever utilize that skill um in life ever until now until now where i'm able to actually take every single piece of a puzzle that people are like talking about this side or that side or you know this piece of it or that piece of it and i'm able to take those and go okay guys this is how it all fits together this is how we're going to navigate the wild wild west of the web 3 universe because let's be real this space is so crazy it's shifting and changing all the time there's new coins coming out onto the marketplace all the flipping time there is currently now over 6 800 alternative coins alternative coin is defined as anything other than bitcoin now some people will group together bitcoin and ethereum into the main two coins which is a valid thing to do but then anything beyond bitcoin and ethereum being a alternative coin there is over 6 800 coins at the time of this recording in the marketplace now that's exciting and scary at the same time because when you have that many coin choices and you're like well where do i invest my money and i don't know how to do all this and i don't know what all this means and my friends telling me to invest and you know yelling from the street corner get get in this coin get in this coin or i hear this youtube guy talking what do i do the way that you figure out what to do is by having conviction in a project and doing your own research d-y-o-r d-y-o-r now i understand it may be very difficult to dyor do your own research in a field in a space that you have no idea where to start because i kind of felt like that i was kind of coming into this going okay well you know i respect tom bill you like he's talking a lot about blockchain he's interviewing a lot of people on crypto on on uh bitcoin he's interviewing people about nfts he's talking about it but i'm like how does this all connect together and why is this important and so it was in that space and in in this discovery that i'm like oh my gosh this is where this skill about connecting all these people or you know different uh things together in my mind this is where this is going to come in handy because i can confidently teach you the fundamentals of understanding why this is important and i want to tell you because we're going to talk about this more in further episodes but i want to share with you that a lot of people coming on the space come into this whole space um especially brand new at the crypto step right that's where i entered i entered at that crypto step but really crypto is secondary to blockchain crypto is a part of the blockchain nfts are a part of the blockchain so if you're going into crypto and then you figure out crypto and you've got your wallets all set up and you're doing that and now you're purchasing nfts or figuring out a wrapped coin versus a non-wrapped coin and how to do auctions and all of these things it's like it's so overwhelming so let's take it back let's take it back down to the blockchain i am going to put a shameless plug here for my course i teach a course getting started in crypto i'm going to put a link as a as a gift and for the pre-launch or the launch of this new uh podcast i'm going to gift anybody who signs up with the link down below a free like free access to this course right now it's dirt cheap i teach it dirt cheap and i've put so much time and effort and um taking all the knowledge that i've gained over the past year over a year or i guess a year right and um putting time and energy into learning this and and putting all the pieces together so you can confidently go okay that makes sense to me so then when you hear somebody use a definition or a term or talk about a different coin you know exactly where to go to research you know exactly what those terms mean and you know exactly how to vet those projects right so shameless plug for that class will be in the link below you can sign up for that and register for your free ticket in it is a 50 value as of now that is the level um the price point for now uh that price point is not going to stay the same and the free access will not be the same it is only for this next upcoming class so hopefully for those of you who have been on listening for this long are going to grab your seat for that so very excited to be teaching that um and we're going to go way more in depth than we are on this podcast today so entry point in crypto most people get into crypto then they get into nfts and then they come back down the ladder and recognize oh wait there's something supporting all of this which is the blockchain when you understand the blockchain this is where things start to get clearer not as muddy not as crazy feeling overwhelming right so what is the blockchain essentially in symbolized terms blockchain technology is a series of computers spread out in all different parts of the world or spread out in different parts of a county or community or you know in in any case what makes blockchain different than traditional databases is that blockchain because it's spread out it doesn't have centralization so you hear the word defy or decentralization or d whatever right because it's it's something that's not centralized now if we take this back down to like think about the federal reserve for instance for all of my u.s listeners and international people may understand this as well but federal reserve is the currency in which the united states runs on the federal reserve no the federal reserve is a centralized building that is basically a huge database a huge ledger of ones and zeroes you know where they print money for those of you who can't see me i'm air quoting print um it's not actually printing currency i think it's about three percent of our actual currency is in paper or coin form the other point or the other part 97 percent is in uh like you know digital electronic forms like think of venmo think paypal think using your credit card think all of those that's all electronic so the central reserve or the federal reserve is a central database everything is housed together things in the cloud right like apple or those they have like centralized databases and that information is put into um like just like a uh just stacks of data on top of each other essentially what blockchain is what makes blockchain different is it's a linking of chains so once one block is full then another block gets you know built and then they link together and they link together and then link together and the information on my computer if i'm a computer node n-o-d-e or if i'm a minor of a particular cryptocurrency or project like that information is on my computer and it's also on somebody's computer in seattle and it's you know in texas and pennsylvania and india and switzerland and norway all these different places right that information is also on those so if any data in that chain or in that block gets messed with or changed it's going to mess up and break the chain all across all across those computers so this is where blockchain technology becomes this almost immutable like software or this immutable system now of course for those of you who are saying dr brooke are you kidding me or hey miss krypto proctor are you kidding me there are you know people who are using this for bad and they're you know blah blah blah of course of course there are bad actors in everything that we do there are bad actors in everything think about all of the technology that we've had in advancements in are you kidding me most of the time all of those advancements in technology happened as a result of a bad actor using them first because it's bad actors who tend to adopt early technology because they're trying to you know circumvent the system so there's been a lot of of stuff going on with blockchain technology for the last 12 years okay blockchain technology has been around first introduced in 1991 and you know has then you know made its way through in 2009 or 2008 i should say the first white paper was ever or like the first let me get get these facts to you straight 2008 uh shatok satoshi nakamoto the founder of bitcoin published or like talked about you know blockchain technology for peer-to-peer currency in 2009 so the beginning of 2009 in january he published the first white paper on bitcoin okay uh he is to be like we don't know where he is he made me not even like alive who knows you know he's hiding maybe that's his alias name who knows but he saw a world where people and communities would have peer-to-peer access to currency right this wasn't a um centralized system and the bank's telling you this is what you can get if you can play the game or play in in the bitcoin world then you can play with the spirit of pure space so there were the all of these blockchain computers right that the history 1991 satoshi nakamoto 2009 publishing the first bitcoin paper and then now other companies coming out and building out blockchain technology um ethereum which is the other coin the other big coin that you may have heard about ethereum was born um out of the frustration that bitcoin was only like allowing currency transactions to happen again these are very simple um terminology or simple explanations you can go into this a lot further um but ethereum was frustrated that bitcoin would not allow other things to be built on top of that chain and it was only like there was only currency it was only that and so ethereum was born out of this idea that hey we need to have decentralized apps we need to have all of these different things happen and create an entire ecosystem so ethereum is a blockchain bitcoin is a blockchain tazos is a blockchain solana is a blockchain teraluna is a blockchain there's so many different blockchains and so if you get confused on why is there so many different blockchains think apple and google so you have your iphone and you have your google pixel or you know whatever it is like samsung like anything and not app store apple eye store is google you know play store and that's where you download your apps so those are two different things and there's apps that are only on iphone and there's apps that are only on google play and you know you can't interact with one like if you don't have the other um so this is the blockchain this is the apps built in coolest thing though guys is there is a way there's now called you know chain links or the company link um and there's other chains across um the space that are allowing you to have you know hold assets in one one blockchain and hold assets on another blockchain but have them linking and speaking together so um blockchain is so innovative and something of the time currently because yes cryptocurrency yes nfts yes there's a lot of money to be made yes do i believe this is the greatest transfer of wealth in like human history absolutely because this is the time that us as retail investors you and i are able to get in on the space not being an accredited investor or not giving given these same opportunities that other people with with a lot of money have already been given right we are now been are given these opportunities that's both a great thing and a curse because if we don't know what we're doing we can look be looking at losing thousands of dollars if we know what we're doing we make safe bets and we make safe moves and we move and we take calculated risks and we have massive gains from that and so this is what we're going to be talking about like the characters and the concepts that i'm going to be introducing you to over the course of as the show evolves are going to be discussing this this concept of doing your own research understanding different things but knowing good and bad apples when you see them being able to tell right away oh this is a scam i'm not a part of that so you don't get hurt but the the to go back to my latter point about how incredible blockchain technology is especially like it's bursting at its seam right now it is in its infancy state there isn't right now a lot of regulation around it and so 2022 is supposed to be the year that that cryptocurrencies that blockchain technology becomes regulated by some regulatory boards to help protect but again both good and bad um we don't necessarily want a ton of regulation to where we get our hands tied in some senses but we also want some regulation to where you know some bad actor can't just come in and put out a white paper saying what they're going to do raise all this money and then pull the rug out from underneath you right you want to be protected against that by these regulatory boards and so there's there's goods and bad to that and we're going to look at the positives of the regulation and how it's going to have you know full market adoption there are already huge huge huge institutional investors coming in the space and starting to you know take some of the portfolios that they're um working with and investing in crypto so this is not one of those things that's a fad this is not something that you know is just going to go away tomorrow technology never moves backwards i want to say that again technology never moves backwards this is a forward motion a forward moving freight train it's moving quickly um you know we you're we're still very early on so if you feel like you missed the boat don't feel like that this is a time for you to really dive deep to get involved to take my course if you haven't taken it and to really learn and evolve and grow because what blockchain technology is going to disrupt it's going to disrupt the home buying uh perch or the home buying process it's gonna disrupt certain you know legal things we're gonna have a need for attorneys we're gonna have a need for different things but with the smart contract aspect of the blockchain the fact that you and i can go into contract with each other i don't need a title company to come in and process the title for me and take their couple thousand dollars hundred dollars whatever it is i don't need that it's like you purchased my home the money hit my account the title automatically gets sent to you on the blockchain it's a public ledger this can all be seen every step of the way right you know nfts yes there's a lot of nfts for gaming and different game pieces and those kind of things but nfts there's a lot of nfts with utility and i've had a lot of people get you know i can come at me and say i can't believe people are spending this much money on a picture and can you but the understanding about nfts and creators is that nfts are going to have utility for the person who purchases that or holds that and they're going to either get money back for holding it the value of it could go higher you know um there's things that like i know uc berkeley just sold two patents as an nft and raised money for their research foundation utilizing blockchain technology so while we might experience a bubble and there is an nft winter coming according to garyvee there is a lot of potential in this space and so on that note smart contracts legal things like this is something you can be on the offense of right now or years from now be on the defense and go dang i wish i listened to that crypto proctor i wish i listened to dr brooke when she was talking about dr brook on the block and putting out this podcast because the reality is is this is such an incredible time and i am so thankful to be a part of it and until next time guys thank you so much for listening we are going to take another ride the ride that you're on right now is ending and we will see you on the next one thank you so much congratulations you made it through another round on the block with dr brooke i hope you laughed and learned a bit more about this crazy web 3 universe but how simple and fun it can really be would you be so kind as to leave us a review and share it with your friends it would mean so much to get this out to more people as we embark on the greatest transfer of wealth that has ever happened in history hope you enjoyed yourself we'll see you on the next one
2022-03-05 08:02
