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Local Grower
@localgrower
63
Content Creator | Crypto Investor
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115
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UK
Created
2020-05-18 11:15
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localgrower
LeoFinance
5y
Financial Education #20: Not your Keys, Not Your Coins?
In the early days of crypto, the slogan "not your keys, not your crypto" is one that illustrates the importance of owning your own money. Will this matter in the long run? As there isn't a case
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localgrower
LeoFinance
5y
Financial Education #20: What Is EOS Token
EOS is a delegated proof of stake blockchain. It claims to be the highest performance blockchain on the market. Does it fulfill on it's promises of the $4B ICO in 2018? I share my thoughts in this video.
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localgrower
LeoFinance
5y
Financial Education #19: A Wealth Transfer Opportunity
There are two different events that are creating an opportunity to create wealth in your life. Firstly, Cryptocurrency is a new asset class that has great value. Secondly, currency creation and wild monetary
localgrower
LeoFinance
5y
Financial Education #18: Sound Money Technology
Money is the technology that overcame the challenge if barter. Sound money is the basis for a strong society. Currency creation is weakening our money and we aren't seeing the full impact of this as CPI
localgrower
LeoFinance
5y
Financial Education #17: The Coincidence of Wants
Barter was a means of trade for thousands of years. However, barter has challenges and in efficiencies, most notably the "coincidence of wants". Money was a technology that helped us overcome
localgrower
LeoFinance
5y
Financial Education #15: The Value of BNB
BNB has had another price pump to over $500, however what is the value behind this. With alot of cryptos there is speculation to their price however I sim to show where their utility and value comes from.
localgrower
LeoFinance
5y
Financial Education #15: Importance of Dollar Denomination of Assets
The price of goods and services may not necessarily be going down, but the dollar denomination is going down. ▶️ 3Speak
localgrower
LeoFinance
5y
Financial Education #14: Money is a store of value
Currency and money share half a dozen properties. However, money has a property which is unique to it, and that is "store of value". Store of value is the ability to maintain purchasing power,
localgrower
LeoFinance
5y
Financial Education #13: Bitcoin Scaling Debate
Bitcoin's usability as a cash is in question. Is that the purpose for Bitcoin now? Bitcoin CAN scale on-chain...and now. That's where BCH was birthed. ▶️ 3Speak
localgrower
LeoFinance
5y
Financial Education #12: What is the definition of Money?
Money is something that dictates most of our lives, yet do we ever ask ourselves deeper questions about it? Money doesn't just become money, there are specific characteristics which make it so. In this
localgrower
LeoFinance
5y
Financial Education #11: Bitcoin's Usefulness as Cash
One property of money is "Medium of Exchange". In order to exchange/transact with Bitcoin you need to pay a fee, which is around $10. If you had to pay $10 everytime you bought coffee or petrol,
localgrower
LeoFinance
5y
Financial Education #10: Importance of Owning Assets in an Inflationary Environment
For half a century, wages have not been rising with inflation. It has never been harder for someone working for a wage/salary to achieve financial prosperity. Assets still maintain their value whilst the
localgrower
LeoFinance
5y
Negative interest rates are coming.
For the first time ever you will be charged a fee for keeping your money in the bank. When this happens, what will people do with their stored up wealth? ▶️ 3Speak
localgrower
LeoFinance
6y
Digital Gold vs Store Of Value
There are two separate narratives for Bitcoin... Digital Gold or digital store of value. Depending on which narrative Bitcoin has can vastly change the outcome in price of bitcoin. ▶️ 3Speak
localgrower
LeoFinance
6y
Investing in Fundamentals vs Speculation in Crypto
A lot of cryptos have had great financial success. Some of this has definitely been feulled by fundamentals whilst some has been fuelled by speculation. Speculative investing is easy to get caught up in,
localgrower
LeoFinance
6y
My Bitcoin Story
I first discovered Bitcoin in 2012 when a friend was buying "in-game skins" for his gun on a popular shooter called CS-GO. He paid 2 BTC for the gun skin, worth $500 at the time, it would now
localgrower
LeoFinance
6y
My New Video Series
Why am I uploading videos to Hive? I have a goal to be debt free in 5 years. I have a goal to earn more income. I want to share my crypto knowledge with others. This is very raw and experimental but please
localgrower
LeoFinance
6y
Financial "Food For Thought" #3
If BTC fees are $5, then you only pay a less than 1% transaction fee on transactions over $500. It's cheaper to use a credit card for purchases under $500 than to use BTC... Is this the direction we want
localgrower
LeoFinance
6y
Financial "Food For Thought" #2
Due to all of the inflation going on in the world, you need to own assets to have a chance of keeping up. Prices at the stores will go up, and so will prices of assets. Wages/salaries increase won't keep
localgrower
LeoFinance
6y
Financial "Food For Thought" #1
If we spend our time working to earn money and we spend our money on food, then is growing your own food the equivalent of printing your own money? Have you essentially "grown" money? Is this
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