Latest / The Steve Harvey Morning Show / Rushion Interviews founder of Disruptive Blockchain Technologies, Michelle Lily

Transcript

Rushion Interviews founder of Disruptive Blockchain Technologies, Michelle Lily · The Steve Harvey Morning Show

• 0:00
  Speaker 1: Michelle Lily. She is an entrepreneur, cryptocurrency and technology investor,
• 0:04
  Speaker 1: in educator, philanthropris and like I said her mottold you
• 0:08
  Speaker 1: are the opportunity. Her company, her company, Crypto Rich, is
• 0:11
  Speaker 1: a technology company technology company specializing in blockchain and digital
• 0:16
  Speaker 1: currency education. Here that right now, That's why I'm a
• 0:19
  Speaker 1: master class block change and digital currency education. Our mission
• 0:23
  Speaker 1: today is to educate the culture on the fundamentals of
• 0:26
  Speaker 1: block change and blockchain and cryptocurrency conversation. Where African Americans
• 0:32
  Speaker 1: tend to not participate because we always last to the
• 0:36
  Speaker 1: to the opportunity. Well, let's trying to be first to
• 0:38
  Speaker 1: the opportunity. Please work with the money making conversation. Master Class,
• 0:41
  Speaker 1: Michelle Lily. How you doing, Michelle, I'm doing well. I'm
• 0:45
  Speaker 1: doing well, and thank you for having to be on
• 0:47
  Speaker 1: this call and in this conversation. Well, before we get
• 0:51
  Speaker 1: into the whole conversation about cryptocurrency, let's give some background
• 0:55
  Speaker 1: on you so I can educate my audience about who
• 0:57
  Speaker 1: you your journey to this point, because I would tell
• 1:00
  Speaker 1: you I have been a person who have invested in
• 1:02
  Speaker 1: the stock, I have not invested in cryptocurrency. I have
• 1:05
  Speaker 1: not invested in big corm. I don't even know what
• 1:08
  Speaker 1: it is. Okay, I hear about it. I'm nervous. But
• 1:11
  Speaker 1: before we even talk about that, let's find a lot,
• 1:13
  Speaker 1: find out a little bit about you. How did you
• 1:15
  Speaker 1: your history of education, How did we evolve to the
• 1:17
  Speaker 1: point that I can bring you on this call to
• 1:19
  Speaker 1: talk about something that is really defining the industry and
• 1:23
  Speaker 1: we as African Americans need to be participating in. Okay,
• 1:27
  Speaker 1: So just to give you some of my background, um,
• 1:31
  Speaker 1: I entered the space of cryptocurrency in two thousand and seventeen.
• 1:34
  Speaker 1: I started purchasing bigcoin of twelve dollars and at the time,
• 1:39
  Speaker 1: I knew nothing about big com, I knew nothing about cryptocurrency.
• 1:44
  Speaker 1: I knew nothing about blockchain, and uh. I entered into
• 1:49
  Speaker 1: a program that promised to pay you two percent a
• 1:53
  Speaker 1: day on your bitcoin. Long story short, that went away
• 1:56
  Speaker 1: and I lost some money, but I understood. I started
• 1:59
  Speaker 1: to under sam Bitcoin to know that bitcoin didn't scam me,
• 2:02
  Speaker 1: the platform scamp. And what I realized is something that
• 2:07
  Speaker 1: you just talked about. That's about about being around successful people,
• 2:10
  Speaker 1: because you can get the right information, and what I
• 2:14
  Speaker 1: didn't have was the right information so I decided that
• 2:17
  Speaker 1: I was going to get the right information and I
• 2:19
  Speaker 1: want to get blockchain certified, and I want to get
• 2:22
  Speaker 1: the theory and certified. And I went on to as
• 2:25
  Speaker 1: of tomorrow, I will take a final and after tomorrow
• 2:29
  Speaker 1: the first African American female in the world with a
• 2:32
  Speaker 1: master's degree in blockchain and digital currency from a top
• 2:36
  Speaker 1: five university in the world called University of Nicosia. So
• 2:41
  Speaker 1: from an academic standpoint, I went and really got educated.
• 2:45
  Speaker 1: But I am a active participant in the field of
• 2:50
  Speaker 1: cryptocurrency and the blockchain. Now here's an interesting thing because
• 2:54
  Speaker 1: you you publicly admitted on my interview that you got scammed.
• 2:58
  Speaker 1: And that's my fear because I no because let let
• 3:01
  Speaker 1: me just let me just back up why I am afraid,
• 3:04
  Speaker 1: and I'm shouldn't be afraid. I shouldn't even use the
• 3:06
  Speaker 1: word afraid. I just don't know, and I am feared.
• 3:09
  Speaker 1: Not the option ignorance is option, because I know I
• 3:12
  Speaker 1: can go to a Morgan Stanley and buy stock. I
• 3:15
  Speaker 1: know I can go to a you know, to a
• 3:17
  Speaker 1: Mirror Lynching buy stock because that's what I do. Okay,
• 3:19
  Speaker 1: I know you have apps that you can go and
• 3:21
  Speaker 1: buy stock. On how do you get in the cryptocurrency
• 3:25
  Speaker 1: gain and what is it? Because I know stock is
• 3:28
  Speaker 1: tried to like Apple, so I buy an Apple stock,
• 3:31
  Speaker 1: or I can buy home depot stock. I know I
• 3:33
  Speaker 1: can see the building, I can actually walk into my investment.
• 3:38
  Speaker 1: Cryptocurrency doesn't work like that. Bitcoin doesn't work like that.
• 3:41
  Speaker 1: What is what is? What is it? What is it? Okay,
• 3:45
  Speaker 1: So let me let me dissect a couple of things
• 3:48
  Speaker 1: that you just said there. Okay, because cryptocurrency. So let's
• 3:53
  Speaker 1: let's talk about cryptocurrency and bitcoin. Okay. So bit coin
• 3:58
  Speaker 1: is a protocol and it's more of a store of
• 4:03
  Speaker 1: value and a transfer, uh and and and in exchange
• 4:10
  Speaker 1: when you deal with other cryptocurrencies and the product. Let
• 4:13
  Speaker 1: me let me just back up. The protocol of bitcoin
• 4:16
  Speaker 1: is what makes bitcoin so valuable. And I'm gonna put it.
• 4:20
  Speaker 1: I'm I'm gonna put up. I'm gonna put a pause there,
• 4:22
  Speaker 1: I'm gonna put a semi cool and then we're gonna
• 4:23
  Speaker 1: come back to that. Because cryptocurrency, like you mentioned, like
• 4:28
  Speaker 1: apple stock, a lot of times people think that cryptocurrency
• 4:32
  Speaker 1: is just different currencies like a forest, like you're just
• 4:35
  Speaker 1: trading the USD for the end or you know the
• 4:38
  Speaker 1: euro for the paco. That's not what cryptocurrency is at all.
• 4:42
  Speaker 1: It's more like a hybrid between stock and currency. And
• 4:48
  Speaker 1: let me explain what I mean by that. When you
• 4:51
  Speaker 1: have a when you invest in a cryptocurrency, so like
• 4:56
  Speaker 1: say like um ec um because a lot of people
• 5:01
  Speaker 1: have heard of ethereum and it holds the second largest
• 5:05
  Speaker 1: market cap in the cryptocurrency space. So when there there
• 5:10
  Speaker 1: is a protocol behind Etherium and dealing with smart our contracts,
• 5:15
  Speaker 1: and it has a utility case. So these coins have
• 5:19
  Speaker 1: utility behind them. Just like the reason that you purchase
• 5:24
  Speaker 1: apple Stock is because of the products behind Apple well,
• 5:28
  Speaker 1: the same way that these coins do. The difference is
• 5:31
  Speaker 1: what makes it a hybrid. If I was to say, hey, Richard,
• 5:33
  Speaker 1: I send me five thousand dollars today in apple Stock,
• 5:37
  Speaker 1: you couldn't. You would have to cash it out and
• 5:40
  Speaker 1: then you would have to send me the capital. If
• 5:43
  Speaker 1: I told you to send me five thousand dollars in Ethereum,
• 5:46
  Speaker 1: you can send it to me right now and we
• 5:47
  Speaker 1: could probably verify it in the next ten minutes that
• 5:50
  Speaker 1: it has hit my wallet. Because it operates like currency,
• 5:53
  Speaker 1: but it has utility and value the same way that
• 5:57
  Speaker 1: stock does. And that's the miscon suestion and myth that
• 6:01
  Speaker 1: a lot of people have. They don't understand that cryptocurrency
• 6:05
  Speaker 1: has utility behind these coins. Bitcoin is a protocol and
• 6:12
  Speaker 1: it allows us to have a store of value. Because
• 6:14
  Speaker 1: I hear when a lot of people say that I'm
• 6:16
  Speaker 1: I'm scared of cryptocurrency. What we need to be somewhat
• 6:19
  Speaker 1: nervous about is the dollar, okay, because nobody's talking about
• 6:27
  Speaker 1: the value and the installation that we're dealing with. And
• 6:30
  Speaker 1: what bitcoin does, what makes it so valuable is two things.
• 6:36
  Speaker 1: Is one is not controlled by a central government. It's
• 6:39
  Speaker 1: a protocol and it's and it's a protocol on the
• 6:41
  Speaker 1: blockchain that is almost unhappable, meaning that it's decentralized, so
• 6:49
  Speaker 1: there's no one a central authority that's running it. It's
• 6:52
  Speaker 1: ran by no matter of fact. You could run to
• 6:54
  Speaker 1: know on on on a bitcoin blockchain, and those transactions
• 7:00
  Speaker 1: are verified by individuals that are running these nose and
• 7:05
  Speaker 1: computer hash power. I'm not gonna get into the technical
• 7:07
  Speaker 1: side of it, but it's almost secured. It's almost a cure.
• 7:14
  Speaker 1: It would have to be what we call a fifty
• 7:15
  Speaker 1: one percent attack, meaning that fifty one percent of the
• 7:19
  Speaker 1: nose would have to come together and agree to attack
• 7:22
  Speaker 1: that blockchain in order for there to be any fraugent activity,
• 7:26
  Speaker 1: which is almost impossible because these nose don't know each
• 7:30
  Speaker 1: other around the world. Let me just this. The thing is, so,
• 7:33
  Speaker 1: how does okay? So I put five thousand dollars because
• 7:36
  Speaker 1: because it's a bank wallet, right, it's called a wallet, correct,
• 7:39
  Speaker 1: that's where you keep Okay, So I'm learning that. Do
• 7:42
  Speaker 1: you educate me now? So, so I hope my listeners
• 7:45
  Speaker 1: are listening because you can call in four zero four
• 7:47
  Speaker 1: eight zero nine to five five if you want to
• 7:50
  Speaker 1: ask the caution, just like McDonald is learning. Now, how
• 7:53
  Speaker 1: does that value go up? So? If I put a
• 7:56
  Speaker 1: thousand dollars of cryptocurrency in my wallet, how does that
• 7:59
  Speaker 1: va you go up? Okay? So I'm glad you asked
• 8:03
  Speaker 1: that question. So let's talk specifically about bitcoin, because bitcoin
• 8:06
  Speaker 1: is the granddaddy of all cryptocurrencies. It rises and it
• 8:09
  Speaker 1: drops the market. So, first of all, bitcoin is scarce.
• 8:15
  Speaker 1: There's only twenty one million that will ever be made.
• 8:19
  Speaker 1: And yes, so it's more than twenty one millionaires in Houston, Texas,
• 8:24
  Speaker 1: where I'm at right now. Okay, not only is it scarce,
• 8:29
  Speaker 1: is deflationary. And what I mean by that because there's
• 8:32
  Speaker 1: only twenty one million that have ever been made. Think
• 8:35
  Speaker 1: about if there was only twenty one million dollars that
• 8:39
  Speaker 1: wherever that was ever created. And bitcoin, when I say
• 8:42
  Speaker 1: the deflationary, Bitcoin does a thing every four years called
• 8:48
  Speaker 1: they having, which means that the amount of of a
• 8:55
  Speaker 1: bitcoin that is put out and can't be mine is
• 8:59
  Speaker 1: cut in half us every four years. It was written
• 9:02
  Speaker 1: into the protocol. So think about if we were putting
• 9:04
  Speaker 1: a million dollars out in circulation every year, and every
• 9:08
  Speaker 1: four years we cut that amount that was going out
• 9:10
  Speaker 1: in circulations and half the value of that dollar would
• 9:14
  Speaker 1: rise significantly. Right, That's what happens because right because there
• 9:21
  Speaker 1: wouldn't be enough because they're scarce. That's what's happening with bighoin.
• 9:25
  Speaker 1: And the more and more that these institutional money, and
• 9:28
  Speaker 1: I'm not talking about retail investors, because retail investors follow
• 9:32
  Speaker 1: the institution money. When the more of these institutions are
• 9:37
  Speaker 1: realizing like your Morgan Stanley's, your UM what what's the
• 9:43
  Speaker 1: oldest insurance company? Uh? But your your your your city banks,
• 9:50
  Speaker 1: your chases the more that they're getting involved, and the
• 9:53
  Speaker 1: more that these companies like micro Strategy, which is you know,
• 9:56
  Speaker 1: a fortunate five company, that have all their money sitting
• 9:59
  Speaker 1: in all their cash reserves sitting in bitcoin, because they're
• 10:03
  Speaker 1: understanding what retail investors are not understanding that the inflation
• 10:07
  Speaker 1: that we're dealing with with all these trillions of dollars
• 10:09
  Speaker 1: being put out in the circulation. The value of our
• 10:13
  Speaker 1: dollar is going down so much. But bitcoin, if you
• 10:16
  Speaker 1: look at in the last ten years, it has a
• 10:18
  Speaker 1: two percent return per year based on what bitcoin was
• 10:24
  Speaker 1: ten years ago. Now they're understanding that the value of
• 10:29
  Speaker 1: bitcoin and the scarcity and the fact that it was
• 10:32
  Speaker 1: written into the protocol. So I can go, Michelle, I'm
• 10:36
  Speaker 1: not afraid no more. We're gonna talk about how I
• 10:39
  Speaker 1: got I gotta participate, that I gotta get in before
• 10:42
  Speaker 1: they cut this and half again. Okay, I think you
• 10:45
  Speaker 1: stunned my lessoners. Usually the phone is ringing off the
• 10:48
  Speaker 1: hook before I get back to my interview. I wanted
• 10:50
  Speaker 1: to talk about five tips on improving your ability to win.
• 10:53
  Speaker 1: I always tell anybody you know, it's about you, and
• 10:57
  Speaker 1: like her Model says Michelle Model, you are the opportunity,
• 11:01
  Speaker 1: and I always tell people, if you look into that
• 11:03
  Speaker 1: yourself and you really evaluate, a lot of people call
• 11:06
  Speaker 1: the vision boards. Here are five tips on improving your
• 11:08
  Speaker 1: ability to win. First, you need to identifying your strength.
• 11:12
  Speaker 1: Identify your strengths. What are you good at? You know
• 11:15
  Speaker 1: now what you like to do, not what you want
• 11:17
  Speaker 1: to do, but what are you good at? What is
• 11:19
  Speaker 1: your strength? When somebody comes to you, what are they
• 11:21
  Speaker 1: coming to you for on the regular basis? If they
• 11:23
  Speaker 1: come to your advice, they're coming for you to perform.
• 11:26
  Speaker 1: If coming to you to make something that is your strength,
• 11:29
  Speaker 1: start recognizing that. If you recognize that, then you can
• 11:33
  Speaker 1: charge people for that strength. Identify where you can improve yourself.
• 11:38
  Speaker 1: That's important because a lot of people will not accept criticism.
• 11:41
  Speaker 1: They will run from criticism. They get angry when they
• 11:44
  Speaker 1: hear criticism, and so when people can help them out,
• 11:48
  Speaker 1: they don't help mind because they don't feel like you're tripping.
• 11:51
  Speaker 1: Are you going off on them just because they're telling you,
• 11:54
  Speaker 1: you know, if you wasn't so rough in your tone,
• 11:57
  Speaker 1: if you if you if you showed up on time
• 12:00
  Speaker 1: and open your doors at the same time for your business,
• 12:03
  Speaker 1: if you then if you put a little bit more
• 12:05
  Speaker 1: food on that plate. Then guess what the customer will
• 12:08
  Speaker 1: not think you're being cheap. Consider the benefits of changing.
• 12:13
  Speaker 1: That's important. Set pacific goals. We all know that's important.
• 12:17
  Speaker 1: My goal every day, it's a simple goal. I get
• 12:19
  Speaker 1: up before thirty monthy through fried. I get it be
• 12:20
  Speaker 1: four thirty every day one through fried. That's my goal. Now.
• 12:26
  Speaker 1: I don't like getting up before thirty. I actually hate
• 12:29
  Speaker 1: getting up at four thirty. But if I don't, if
• 12:32
  Speaker 1: I get up at five thirty or sixth thirty, it
• 12:33
  Speaker 1: changes my whole day. So four thirties my get up time.
• 12:36
  Speaker 1: It's my success slot that I decided to get in
• 12:40
  Speaker 1: and make myself win. And the final thing I always
• 12:43
  Speaker 1: tell people on the five tips of improving your ability
• 12:46
  Speaker 1: to win is to be consistent. Please be consistent when
• 12:49
  Speaker 1: you speak to people. Please be consistent when you when
• 12:52
  Speaker 1: you make your products, you're delivering your product. Never make
• 12:56
  Speaker 1: an excuse. If you're supposed to get the product there
• 12:58
  Speaker 1: yesterday and to get to the next week, it's utiful.
• 13:00
  Speaker 1: It's not the post office and not fair that you
• 13:02
  Speaker 1: the problem. So accept the responsibility to be consistent and
• 13:05
  Speaker 1: guess what customers will respect that your friends will respect that,
• 13:09
  Speaker 1: your relationship will respect that. With all that being said,
• 13:11
  Speaker 1: let's get back to my friend who's called in cryptocurrency expert.
• 13:16
  Speaker 1: But Shechelle Lily, how do you know, Michelle Milichell. I
• 13:20
  Speaker 1: had to get that out, you know, you know on
• 13:22
  Speaker 1: my should this this is a master class the first
• 13:24
  Speaker 1: of the year. And what I'm trying to do, and
• 13:25
  Speaker 1: I thank you for coming on my show. I'm just
• 13:27
  Speaker 1: trying to give individual's information. And what I've learned is,
• 13:32
  Speaker 1: you know, you you go through a year and you know,
• 13:34
  Speaker 1: we're coming out of COVID, and COVID changed a lot
• 13:36
  Speaker 1: of people's mentality. You know, a lot of people were unemployed,
• 13:40
  Speaker 1: a lot of people, uh got evicted, a lot of people.
• 13:44
  Speaker 1: But that stock market in twenty was setting records. You know,
• 13:48
  Speaker 1: there was a certain group of people that were becoming
• 13:50
  Speaker 1: millionaires and billionaires, and there were a certain group of
• 13:53
  Speaker 1: people who who asking can you extend my rent? So
• 13:57
  Speaker 1: I wanted to get evicted, Can you give me some money?
• 13:59
  Speaker 1: They because I need childcare? Can you tell me what
• 14:03
  Speaker 1: I can do? So we've we've quickly become a country
• 14:06
  Speaker 1: where we all the haves and the have nots. And
• 14:10
  Speaker 1: so when I when I bring you on my show
• 14:13
  Speaker 1: Money Making Conversations Masterclass to talk about this, I'm asking
• 14:17
  Speaker 1: you to help us become part of the halves. And
• 14:21
  Speaker 1: you I want, I tell you explain stuff very very simple.
• 14:26
  Speaker 1: When I say that, that's important. And that's a compliment
• 14:29
  Speaker 1: because because I've read this in a book and it's
• 14:32
  Speaker 1: so complicated. Cryptocurrency and they need to repeat the word
• 14:35
  Speaker 1: cryptocurrency again to explain what cryptocurrency is. I don't even
• 14:39
  Speaker 1: know what cryptocurrency was the first time. Now you're gonna
• 14:40
  Speaker 1: put it in the definition and so and so when
• 14:44
  Speaker 1: I hear you speak to me, that's important because all
• 14:47
  Speaker 1: I'm asking for is a is an option to win.
• 14:51
  Speaker 1: So when you see people like me frustrated, what's the
• 14:54
  Speaker 1: number one thing that you tell people like me? Is
• 14:57
  Speaker 1: it to calm down, or you can it's not too
• 14:59
  Speaker 1: late to get in, or you need a lot of
• 15:01
  Speaker 1: money or a little bit of money. What what advice
• 15:03
  Speaker 1: do you give a person like me or anybody just
• 15:06
  Speaker 1: listening to my show. So I give I give a
• 15:08
  Speaker 1: couple of things, and one is this. The first one
• 15:11
  Speaker 1: is this, and this this one is gonna be maybe
• 15:13
  Speaker 1: a good punch for a couple of people when they
• 15:17
  Speaker 1: say that, you know, I don't understand cryptocurrency. You know
• 15:19
  Speaker 1: what I say, most of us don't understand the dollar
• 15:21
  Speaker 1: that we used in or the currency that we currently
• 15:23
  Speaker 1: operating in anyway. That's number one. The second thing is
• 15:29
  Speaker 1: nobody is waiting for your opinion or your understanding two
• 15:35
  Speaker 1: for it to go forward. It's like nobody's waiting on
• 15:39
  Speaker 1: our understanding for us to understand the current dollar. Most
• 15:43
  Speaker 1: of us can't make the type of money and the
• 15:45
  Speaker 1: half and the half note that we have right now
• 15:47
  Speaker 1: because we don't understand the current financial system that we're in,
• 15:50
  Speaker 1: let alone the new financial system that's being ushered in.
• 15:54
  Speaker 1: But nobody came and got our opinion when they changed
• 15:57
  Speaker 1: from where when I use the cards for everything and
• 16:01
  Speaker 1: now you're sending cash app and now you They didn't
• 16:04
  Speaker 1: come from get your opinion or your vote. They just
• 16:06
  Speaker 1: did it and they didn't care that you didn't understand.
• 16:09
  Speaker 1: So the same thing is happening with cryptocurrency, whether we
• 16:13
  Speaker 1: understand it or not, and most of us use that
• 16:16
  Speaker 1: as an excuse not to move forward or to understand
• 16:19
  Speaker 1: or to even understand it, because in essence, we feel
• 16:23
  Speaker 1: like they haven't given us the permission yet to do it,
• 16:27
  Speaker 1: because they're telling us know when they're going, when they're on,
• 16:30
  Speaker 1: they're on the back end. Up when you look at
• 16:32
  Speaker 1: all the institutional money that's being poured in the cryptocurrency
• 16:35
  Speaker 1: and all the big players that's getting involved, and we
• 16:38
  Speaker 1: think about the metaverse that's happening, and you know people buying.
• 16:42
  Speaker 1: Samsung just bought Landing the metaverse, and Nike just bought
• 16:46
  Speaker 1: uh did a deal with the Central land one of
• 16:48
  Speaker 1: the largest metaverses and cryptocurrency and so forth. They're not
• 16:53
  Speaker 1: waiting on us. So I say that if you don't know,
• 16:57
  Speaker 1: it's important to at least pay attention because most of
• 17:00
  Speaker 1: us don't understand the current fighting natural system that we're
• 17:02
  Speaker 1: operating in any way, So that let's not use that
• 17:06
  Speaker 1: as a as an excuse not to participate. We will
• 17:09
  Speaker 1: be right back with more Money Making Conversations master Class
• 17:12
  Speaker 1: with Rushan McDonald. Now let's return to Money Making Conversations
• 17:18
  Speaker 1: master Class with Rashan McDonald. I want to pull Gino
• 17:21
  Speaker 1: in Gino in Atlanta. He wants to call in Gino,
• 17:24
  Speaker 1: how you doing. Welcome to Money Making Conversations Master Class
• 17:27
  Speaker 1: how you doing all good man? I just want to
• 17:30
  Speaker 1: ask a question your opinion on on Ripple Flash x R. Michelle.
• 17:39
  Speaker 1: That's a question because you know, I don't know what
• 17:41
  Speaker 1: he's talking about. Are you familiar with what he just
• 17:44
  Speaker 1: said there? Michelle? Very much so, very much so un
• 17:49
  Speaker 1: or no, I'm just hold on hold before we get start.
• 17:54
  Speaker 1: We don't give out advice on the whole of the bye.
• 17:56
  Speaker 1: We don't do that on this show. Okay, this is this.
• 17:59
  Speaker 1: Don't don't come on by your were trying like little
• 18:01
  Speaker 1: jan said, No, no, no, no, you're not gonna do
• 18:05
  Speaker 1: me like that. You know you're gonna get me off
• 18:07
  Speaker 1: the air after one week. You know what I'm saying.
• 18:09
  Speaker 1: But what But what she will explain to you about that,
• 18:12
  Speaker 1: because that's why the show is about. You know, I
• 18:13
  Speaker 1: was just joking with you. She's gonna give you some
• 18:15
  Speaker 1: advice about the background about it, and I think that's
• 18:18
  Speaker 1: why you call Michelle. Yes, um, so ripple Ripple is
• 18:25
  Speaker 1: only so one thing I want you to consider. Ripple
• 18:28
  Speaker 1: is only having legal issues in the US, and oftentimes
• 18:32
  Speaker 1: we think that the US has controlled in the whole world,
• 18:35
  Speaker 1: and that's not that's that's only partially correct, um, and
• 18:40
  Speaker 1: cryptocurrency goes spans the globe and when so, Ripple has
• 18:45
  Speaker 1: so many partnerships with big banks in the US and
• 18:48
  Speaker 1: outside of the US. So this long suit is just
• 18:51
  Speaker 1: a lawsuit to slow it down from my opinion. Now,
• 18:54
  Speaker 1: this is just my opinion, um, And I think that
• 18:57
  Speaker 1: it's gonna come out favorable. And you know in in Ripples,
• 19:02
  Speaker 1: Ripple and Ripple's favor um. And when you're dealing with
• 19:05
  Speaker 1: a settlement, talken, because that's what Ripple is for those
• 19:08
  Speaker 1: that don't know, a settlement talking for us, a bank
• 19:10
  Speaker 1: for the banks. I mean, I think you're gonna have
• 19:13
  Speaker 1: a win there, um. And I think that the token
• 19:16
  Speaker 1: is being suppressed on purpose. So do you think it's
• 19:20
  Speaker 1: going to um challenge ysto. That's what it was designed for. Yes,
• 19:30
  Speaker 1: and I think that's one of the reasons that the
• 19:32
  Speaker 1: lawsuit came as well. That's all I need, Gino. Thank
• 19:36
  Speaker 1: you for calling money making conversation calling anytime, genal Y.
• 19:41
  Speaker 1: I appreciate you that. Michelle. Again, you know the interesting
• 19:44
  Speaker 1: about it is that you know, when big coin first
• 19:47
  Speaker 1: came out, it wasn't tied to a bank, least in
• 19:50
  Speaker 1: my mind. Keep cryptocurrency, and they heard all these corporations
• 19:52
  Speaker 1: investing in you hear about all these hedge funds investing
• 19:56
  Speaker 1: in these cryptocurrency the ethereums, and also you hear in
• 20:00
  Speaker 1: about these big corns and you tell me twenty one
• 20:03
  Speaker 1: million bit corns were made right there, I'm going like, okay,
• 20:08
  Speaker 1: who okay, Like it's like it's like these n f
• 20:13
  Speaker 1: t s. Okay, people like it's like they're just making
• 20:16
  Speaker 1: up stuff. And then all of a sudden people investing
• 20:18
  Speaker 1: in it, and then guess what it holds, the currency,
• 20:21
  Speaker 1: and then all of a sudden, it's all that's what
• 20:24
  Speaker 1: any dollar does. So ra Sean, money was just made
• 20:29
  Speaker 1: up about the blue from we just create We went
• 20:31
  Speaker 1: from the gold standard to the we just made up
• 20:33
  Speaker 1: dollars and people believed it because because they said that,
• 20:37
  Speaker 1: And the only thing that money is back, guys, is
• 20:39
  Speaker 1: the belief as a people. Wow, you're absolutely telling the truth.
• 20:45
  Speaker 1: And so so now with cryptocurrency. Now, now n f
• 20:50
  Speaker 1: t s and cryptocurrency are they are they the same? No,
• 20:56
  Speaker 1: before we get started, please tell everybody what is an
• 20:59
  Speaker 1: n f T. Yes, I hear somebody in the background
• 21:04
  Speaker 1: saying that. So as my producer this is his question.
• 21:10
  Speaker 1: Just I got an inside question. You know we can so,
• 21:14
  Speaker 1: so is a non is exactly what he said. It's
• 21:19
  Speaker 1: a non spongible token. And what that means is is
• 21:23
  Speaker 1: that it's it's unique. It can't be replaced with something else,
• 21:26
  Speaker 1: like something that's spongible. Spongible is something that's able to
• 21:30
  Speaker 1: be replaced by an identical item. So like, for instance, dollars,
• 21:35
  Speaker 1: I can replace dollars with dollars because it's an identical item.
• 21:38
  Speaker 1: When I'm dealing with something that's non spongible, I'm dealing
• 21:43
  Speaker 1: with something that's unique, like art. Right, That's where a
• 21:46
  Speaker 1: lot of people use art because it can become an original. Yes,
• 21:51
  Speaker 1: music sore, you're gonna see. So now you see a
• 21:53
  Speaker 1: lot of these artists. They're dropping their records and they're
• 21:56
  Speaker 1: dropping their albums as n S keys because now they
• 21:59
  Speaker 1: don't have to a through these platforms to sell their music.
• 22:03
  Speaker 1: They're selling them as n f T s. And because
• 22:05
  Speaker 1: it's built on the blockchain, which is a public letger
• 22:09
  Speaker 1: and anybody can see what's going on on the blockchain,
• 22:12
  Speaker 1: it allows them to to have ownerships directly that is
• 22:19
  Speaker 1: contracted through a smart contract on the blockchain and now
• 22:23
  Speaker 1: they can sell their So say, for instance, if I
• 22:26
  Speaker 1: was a musician and I sold my one of my
• 22:28
  Speaker 1: n f t s to you, I can also say,
• 22:31
  Speaker 1: every time you sell that NFC, I'm going to get that.
• 22:36
  Speaker 1: We're speaking to Michelle Lily. She's the first African American
• 22:38
  Speaker 1: female to receive a master's degree in blockchain and digital
• 22:42
  Speaker 1: currency from a top five university in the world. She's
• 22:45
  Speaker 1: a number of books out of own digital currency on
• 22:48
  Speaker 1: Cryptocurrency on bilcom. But you have a new book that
• 22:51
  Speaker 1: you have coming out in February, the Metaverse and n
• 22:54
  Speaker 1: f t S that you co offered with another graduate
• 22:57
  Speaker 1: of the school that you attended. Tell us about See,
• 23:00
  Speaker 1: you know, when you start talking, it almost sounds um
• 23:03
  Speaker 1: like Marvel Universe metaverse. You know, that's a character, that's
• 23:07
  Speaker 1: a that's a that's a that's that's a dimension in
• 23:10
  Speaker 1: the in the in the in the DC comic world.
• 23:13
  Speaker 1: And so but now now that's over here used as
• 23:16
  Speaker 1: an actual place you can invest. So tell us about
• 23:19
  Speaker 1: this new book that you're talking about, Metaverse and n
• 23:22
  Speaker 1: f t S. And then also, why are you emphasizing
• 23:25
  Speaker 1: women to be more uh, I could say knowledgeable and
• 23:30
  Speaker 1: informed about block change and digital currency and digital land.
• 23:33
  Speaker 1: So let's start with your book conversation first, Michelle. Okay,
• 23:36
  Speaker 1: so let's start with it. So I think it's important
• 23:39
  Speaker 1: for um us, and you know, I'm definitely one of
• 23:43
  Speaker 1: education um my people when it comes to this topic.
• 23:48
  Speaker 1: And when we think about the metaverse, you mentioned about
• 23:51
  Speaker 1: Marvel and it seems like it's cool and it's way
• 23:53
  Speaker 1: out there, but I want to break it down for
• 23:55
  Speaker 1: it so it makes sense to you. So think about
• 23:58
  Speaker 1: when you're on Facebook right now, you really in turn
• 24:01
  Speaker 1: into a metaverse on Facebook. You got your page, you
• 24:05
  Speaker 1: have different things that Facebook that you can do on
• 24:07
  Speaker 1: Facebook and so forth. The differences the metaverse is a
• 24:11
  Speaker 1: three D world versus a two D two D world.
• 24:15
  Speaker 1: That's what makes the metaverse different than the web two
• 24:17
  Speaker 1: point oh that we're dealing in right now. That's why
• 24:20
  Speaker 1: they call it web three point oh as well, because
• 24:22
  Speaker 1: it's a three D world that you're going to be
• 24:24
  Speaker 1: interacting in versus the two D world. But if you
• 24:27
  Speaker 1: think about from an n f T perspective, to add
• 24:29
  Speaker 1: that to it, your page is like your land, that
• 24:33
  Speaker 1: your digital land that you own on Facebook. But instead
• 24:36
  Speaker 1: of owning that you don't have any ownership right where
• 24:38
  Speaker 1: you're renting it right now, and you're renting it by
• 24:40
  Speaker 1: providing them your data that they can sell right well now,
• 24:44
  Speaker 1: in the metaverse, you would be able to own that
• 24:47
  Speaker 1: and you and the n f T would allow you
• 24:49
  Speaker 1: to own because that's a unique page of yours and
• 24:54
  Speaker 1: it would allow you to own that specific land in
• 24:58
  Speaker 1: that metaverse. Just say, if we face book as an example.
• 25:01
  Speaker 1: I'm just trying to make it make sense in a
• 25:02
  Speaker 1: real life for people so it doesn't go over their head. Well,
• 25:06
  Speaker 1: my whole thing is that. That's why, that's why I'm
• 25:08
  Speaker 1: enjoying this conversation, because nothing you've said in this interview
• 25:12
  Speaker 1: has went I felt above my basic knowledge, and I
• 25:16
  Speaker 1: think that's important. You know, this is not by I
• 25:19
  Speaker 1: got a degree in mathematics, but that's not helping me
• 25:22
  Speaker 1: learn anything else that you're teaching me, because it's straight
• 25:25
  Speaker 1: common sense. Because what you told me, the most important
• 25:28
  Speaker 1: thing is rashan. Nobody asked you anything about a dollar.
• 25:31
  Speaker 1: You just spend it. Nobody told you, They told you
• 25:34
  Speaker 1: this is one dollar, five dollars, this is ten dollars,
• 25:37
  Speaker 1: the hundred dollars, there's a thousand dollar bill. I think
• 25:40
  Speaker 1: out there somewhere, Okay, they had they started a two
• 25:43
  Speaker 1: dollar bill, then they stopped it. Okay, so you know
• 25:46
  Speaker 1: I don't like that two dollar bill. Stop using it.
• 25:49
  Speaker 1: We're gonna take that out of circulation. So that's how
• 25:51
  Speaker 1: that's how we have to look at cryptocurrency. It's no
• 25:54
  Speaker 1: different than them starting the two dollar bill and then
• 25:56
  Speaker 1: stopping it. But what you said, I think there was
• 25:59
  Speaker 1: more important is that it's not controlled by who. And
• 26:03
  Speaker 1: I think that's what you said earlier. You you said,
• 26:06
  Speaker 1: unlike the dollar, the cryptocurrency is not controlled by somebody. Correct,
• 26:12
  Speaker 1: it's not. It's not controlled by a central authority. Is
• 26:15
  Speaker 1: it is what we call centralized. So if you think
• 26:18
  Speaker 1: about Uber, right, at one time you had to call
• 26:22
  Speaker 1: into the taxi cab company and they had to dispatch
• 26:25
  Speaker 1: dispatch the money for you, I mean dispatch a cab
• 26:28
  Speaker 1: for you, and then Uber tank and people ran. Now anybody,
• 26:32
  Speaker 1: my next door neighbor can be my Uber driver. No
• 26:35
  Speaker 1: different than when you go in your bank and then
• 26:39
  Speaker 1: you go look gonna line. That's a central authority that's
• 26:42
  Speaker 1: controlling that and a central server. Well, and decentralized is
• 26:47
  Speaker 1: that all of us can run the network, and we
• 26:52
  Speaker 1: don't have to trust one person be and to tell
• 26:55
  Speaker 1: us that this money is there when we all know
• 26:56
  Speaker 1: that if everybody's going to made a bank run right now,
• 26:59
  Speaker 1: the bank would have to set down and they would
• 27:02
  Speaker 1: have to be in because they don't really have the
• 27:04
  Speaker 1: money there because they loaned ten times what they deposits.
• 27:09
  Speaker 1: So they it's a Positi scheme that's been running for us.
• 27:12
  Speaker 1: We just believe in it. Wow. And so when you
• 27:16
  Speaker 1: go to n f T S, like you said, orders
• 27:19
  Speaker 1: are dropping the music, you can get original art. This
• 27:22
  Speaker 1: is not a copy, but the original art that can't
• 27:24
  Speaker 1: be replicated. That's what we're talking about. Correct. Correct, And
• 27:28
  Speaker 1: so when somebody sells it, basically the person who originally
• 27:32
  Speaker 1: has access to can get a percentage of that sale. Correct. Now,
• 27:37
  Speaker 1: how is that track? Because that's what makes it non
• 27:41
  Speaker 1: funcible and that and it's tracked on the blockchain. So
• 27:45
  Speaker 1: if you think about the blockchain like a public ledger,
• 27:50
  Speaker 1: So any transaction that occurs on the blockchain, you can
• 27:55
  Speaker 1: go on the block explore and you can see that
• 27:58
  Speaker 1: transaction and any body can view that transaction. But based
• 28:02
  Speaker 1: on so I mun make it makes sense to you.
• 28:05
  Speaker 1: So say, for instance, that based on your routing number
• 28:08
  Speaker 1: and account number called we just call it a hash rate.
• 28:12
  Speaker 1: We just call it a hashtag. To see what I'm
• 28:14
  Speaker 1: saying that that's but that's the only difference. Wow. And
• 28:17
  Speaker 1: so with that being so, so just just laying it
• 28:20
  Speaker 1: out there for the people because we're about to wrap
• 28:22
  Speaker 1: up the show, just letting them know this, Okay, this
• 28:24
  Speaker 1: is not this is not a scam, this is this
• 28:28
  Speaker 1: is actual currency. This is the way people are doing business.
• 28:32
  Speaker 1: And we're either gonna get on or we're gonna sit
• 28:34
  Speaker 1: around complaining and get left out of game. Uh, you're
• 28:39
  Speaker 1: an educational tool that are helping people. But uh, the
• 28:43
  Speaker 1: other part of the two part question I have for
• 28:45
  Speaker 1: you is emphasizing women being educated about this being part
• 28:49
  Speaker 1: of the digital world. Why are you doing that? It's
• 28:53
  Speaker 1: important to because typically women are left out of finance.
• 28:58
  Speaker 1: We are definitely a huge minority in the finance community.
• 29:02
  Speaker 1: And where in the finance industry and in tech, we
• 29:06
  Speaker 1: we found way short in those two industries. Well, when
• 29:09
  Speaker 1: you talk about cryptocurrency and the block chain, who's married
• 29:12
  Speaker 1: those to this marriage technology and married finance. And so
• 29:17
  Speaker 1: I want to make sure as a woman specifically as
• 29:20
  Speaker 1: a black woman, that we are not left behind when
• 29:23
  Speaker 1: we have the chance to get in front of it.
• 29:25
  Speaker 1: Because let me just say this, only fourteen percent as
• 29:28
  Speaker 1: as as known as you are, you don't own cryptocurrency,
• 29:32
  Speaker 1: which means that we are still in the early adopter stage.
• 29:35
  Speaker 1: So we have to choose whether we're gonna be in
• 29:38
  Speaker 1: two thousand when Amazon came out as by Amazon stock
• 29:41
  Speaker 1: and get rich, or whether we're going to wait for
• 29:45
  Speaker 1: everybody to start buying Amazon stock and for us to
• 29:48
  Speaker 1: get permission from the people that have kept us back
• 29:52
  Speaker 1: in our current financial system that we operate in to
• 29:55
  Speaker 1: say okay, now it's okay. Michelle. I want to thank
• 30:01
  Speaker 1: you for calling it on Money Making Conversation Masterclass. I
• 30:04
  Speaker 1: know you have a boot camp coming up January twenty
• 30:06
  Speaker 1: two and twenty three in Houston, Texas. Do you have
• 30:08
  Speaker 1: a website? Yes, they can go to I am Digital
• 30:12
  Speaker 1: Diva dot com and Crypto Reach dot com. And you
• 30:16
  Speaker 1: are a diva, you are a cryptocurrency deeva. I want
• 30:19
  Speaker 1: to thank you for calling in on money Making Covers.
• 30:21
  Speaker 1: I'm a friend a friend, and if you ever need anything,
• 30:23
  Speaker 1: please call in and just keep us educated, keep us learning.
• 30:26
  Speaker 1: It's the first quarter. This is when you change people's lives,
• 30:29
  Speaker 1: and we want to make sure that you're part of
• 30:30
  Speaker 1: that big change and money my money making Conversation masterclass.
• 30:34
  Speaker 1: I hope you, I hope you're comfortable with this interview
• 30:37
  Speaker 1: because I was very very well informed and educated and
• 30:39
  Speaker 1: I am a person who's going to get into the
• 30:41
  Speaker 1: cryptocurrency game, in the big cooin game as well as
• 30:44
  Speaker 1: the n FT game, because that people have been coming
• 30:46
  Speaker 1: to me and I have not known how to react.
• 30:49
  Speaker 1: At least, this starts me in the conversation of being
• 30:52
  Speaker 1: comfortable to respond. And also you know that I can't
• 30:55
  Speaker 1: proticipate because it's part of the economic world that we live.
• 30:58
  Speaker 1: Thank you, Michelle, liv appreciate you.