Today on The Wealth Exchange, Mark speaks with Gregg Peacock, Erik Ashdown, and Jess Sloss on blockchain, cryptocurrency and everything in between. Gregg is the CEO and Co-Founder of NodeAI, a technology company that provides staking-as-a-service for crypto assets; Erik is a partner at Blockscore, a crowd diligence platform for initial coin offerings with a purpose of providing actionable feedback to companies launching new cryptocurrencies; and Jess leads operations at Ultraviolet Protocol, a smart contract platform for Data Creation Networks.
In this episode, they discuss the ins and outs of cryptocurrency. Gregg, Erik, and Jess break down the difference between Bitcoin and other digital currencies, how to know if a cryptocurrency is secure and legitimate, how the value of a cryptocurrency is determined, and the different purposes cryptocurrency can serve in different contexts. They also discuss their predictions for the future of Bitcoin and cryptocurrencies alike, as well as their favorite cryptocurrencies, and their recommendations for investment.
[:30] About today’s topic: cryptocurrency.
[1:32] Breaking down cryptocurrency: the difference between Bitcoin and a traditional digital currency.
[3:11] Were Blockchain and Bitcoin created together? How do they work together?
[4:46] How the decentralizing of these online currencies is extremely efficient.
[7:33] How do we know that cryptocurrency is secure?
[10:35] Disintermediation with cryptocurrency.
[12:23] What is Blockchain?
[13:17] An example of Blockchain technology.
[14:35] Why cryptocurrency is not anti-business.
[17:14] How do you know if a cryptocurrency is legitimate? And will the same cryptocurrencies that are around now still be around 10 years from now?
[19:08] Do all of these cryptocurrencies claim to do different things?
[19:56] What is the goal of the creators of new cryptocurrencies?
[23:55] Eric further breaks down cryptocurrency; how value is determined and the purpose of various cryptocurrencies.
[27:06] An example of the differences between various cryptocurrencies and their value (consumers vs company usage).
[32:26] As early adopters into the cryptocurrency space, what got Greg, Jess, and Erik initially interested — and are they still as excited as they initially were about it?
[40:54] Are we in a normalized valuation of cryptocurrency yet?
[42:57] The lack of accessibility to cryptocurrency.
[43:52] Are there efforts being made towards making cryptocurrency more accessible?
[45:00] What are the hold-ups for institutions accepting cryptocurrency?
[50:49] Gregg, Erik, and Jess’s favourite wallets, exchanges, and cryptocurrencies.
[58:25] Gregg, Erik, and Jess’s cryptocurrency predictions.
[1:01:01] Predictions of which cryptocurrencies are going to remain valuable or become very valuable.
Mentioned in this Episode:
Dogecon (Dogecoin conference)
Gregg Peacock is an active member of the Vancouver startup scene and is currently the CEO and Co-Founder of NodeAI, a technology company that provides staking-as-a-service for crypto assets. Gregg advises several early-stage startups on product strategy, and since 2015 has been deeply involved in the blockchain industry as an investor, trader and evangelist.
He is also an organizer and mentor at Startup Weekend Vancouver, a 54 hour event in which developers, designer, marketers, product managers and startup enthusiasts come together to share ideas and launch startups. Gregg has earned a degree in Engineering Physics from Queen’s University, and has previously worked as a product manager for companies such as Aritzia, Bench and Rise.
Erik Ashdown is a partner at Blockscore, a crowd diligence platform for initial coin offerings (ICO) with a purpose of providing actionable feedback to both companies launching new cryptocurrencies, and investors considering investing. Clients include ICOs, ICO advisors, Investors, law firms and the government.
Erik has invested in 20+ ICOs, worked with 50+ companies at various stages from startup to Series A, including indiloop — a music software platform of which he was the founder and CEO. He is involved in the Vancouver startup scene and is a graduate from both Concordia University and the Vancouver Film School in entertainment business management.
Jess Sloss leads operations at Ultraviolet Protocol, a smart contract platform for Data Creation Networks. Decentralized applications need transparent, verifiable and minimally-trusted data to reach their full potential, but creating data that can be trusted is hard. UVP is building the infrastructure needed to crowdsource data in a decentralized way for use as oracles, for decentralized research or to be integrated into DAOs and DAPPs.
Previously, Jess was the Director of Digital Media for The Feldman Agency, a music booking and management company where he consulted on digital projects for clients including Mother Mother, Melody Gardot, The Chieftains, Diana Krall and many more.
About Your Host — Mark Therriault
Mark is the Financial Advisor and partner of Nicola Wealth Management — and your host for The Wealth Management podcast.
As a member of the NWM Planning Team since 2006, Mark has become his clients’ trusted advisor. He prides himself on providing an exceptional experience to his clients while quarterbacking their financial affairs.
Mark earned his Bachelor’s degree in Economics with a minor in Finance from the University of Calgary. He went on to secure his CFP designation and also completed the CIM, CSC, the B.C. Life Insurance License.
This presentation contains the current opinions of the presenter and such opinions are subject to change without notice. This material is distributed for informational purposes only and is not intended to provide legal, accounting, tax or specific investment advice. Please speak to your NWM Advisor regarding your unique situation. Forecasts, estimates, and certain information contained herein are based upon proprietary research and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. NWM fund returns are quoted net of fund-level expenses. Past performance is not indicative of future results. All investments contain risk and may gain or lose value. Projected returns are estimates only. Returns are not guaranteed. NWM is registered as a Portfolio Manager, Exempt Market Dealer and Investment Fund Manager with the required provincial securities’ commissions in Canada.