What Is Bitcoin + Blockchain In Simple Terms? // Ali Hassan, Crescent Crypto Asset Management
1 min read
How many times have you heard bitcoin, crypto, blockchain and thought to yourself – “what the hell are they talking about?”
Well, you’re not the only one. This is a topic that has a lot of value but too often you’ll find so-called “experts” using complicated jargon to make things sound more complicated than it is.
In this conversation with Ali Hassan, an ex-Goldman Sachs banker & venture capitalist, turned entrepreneur – we try our best to simplify and discuss what bitcoin and blockchain is in simple terms and explore the practical applications of this technology.
Going beyond definitions – we discuss real use cases, why the value of bitcoin fluctuates so much, if bitcoin is a direct alternative to the traditional money supply system, comparing it to other assets like gold, and how his team has developed one of the leading passive index funds for investing in cryptocurrency.
Here are five things to listen out for:
(1) What is Bitcoin? And what is Blockchain in simple terms? – Ali describes in easy to understand language and with examples, what bitcoin is and why it’s a valuable asset & technology.
(2) Comparing Bitcoin to Gold – what makes an asset like gold valuable and why that idea can be applied to an asset like bitcoin.
(3) Real World Applications – where can bitcoin and blockchain be useful in the real? From the idea of a bitcoin being a store of value, to ethereum helping to automate processes through smart contracts, to helping the unbanked people of the world – we discuss where blockchain could provide real utility in the long run
(4) Comparing Ethereum to the Apple app store – we discuss in simple terms what ethereum is and why it’s allowing people to build on top of their ecosystem, similar to how Apple did with their app store
(5) Creating An Index Fund For Crypto– why Ali and his team left their traditional finance roles at companies like Goldman Sachs & VC firms to create a leading passive crypto index fund, Crescent Crypto.