Mara Live from Greenwood

Our very own Money Moves Correspondent, Mara Hall, was on the streets of Greenwood inquiring the people about Blockchain and the value of this new digital space.

Mara Hall sits in with Tanya to break down some much-needed information on all things Blockchain.

Host IG: @itstanyatime

Correspondent IG: @mara_hall

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Episode Transcript

Speaker 1 (00:00):
Hey money Movers, Welcome back to Money Moves, the daily
podcast determined to give you the keys to the Kingdom
of financial stability, wealth and abundance. Hey money Movers, welcome back.
As you know, we are deep diving into cryptocurrency and entrepreneurship,

(00:24):
and even though we had an incredible introduction from our
correspondent Farah, we want to understand more about entrepreneurship and
cryptocurrency and what it means for the average person like
you and me. So today I have again with me
on the couch is the incredible, phenomenal Mara Hall. And
to find out exactly what our people need to get

(00:44):
straight and right in our minds, we put our ear
on the street. I was in Tulsa, Oklahoma, Mara. What
are they saying in Tulsa? Hey? Dan? Yeah? How you
doing today? Hey? Girlfriend? I know you had a great
time out in the streets getting to know people and
getting to unders and the ins and outs, misnomers and
questions that everybody has about cryptocurrency, blockchain, which is the

(01:05):
hot hot topic in the streets right now. So tell
me how was that. So? I had a wonderful time
in Tulsa and I got a lot of information, gathered
up so many questions and I'm bringing them back here
so that we can basically find the answers for the people.
So basically I google for the people that don't want
to google for themselves. So let's roll that package to

(01:26):
see what they were talking about right now. Hi, maraw
Hall here with the Money Moves Podcast live from Greenwood.
We're here on the streets of Greenwood and we want
to see what the people have to say. Let's see
how their money is moving for them. Yes, cryptocar she

(01:47):
can be inherited, d transferring the funds are your love
ones have have on will can with it to your
some to that nature, cryptocurrency is inheritable because if I die,
all the cryptocurrency did I have will go to my

(02:09):
children or family or anybody remaining as long as it's
in my name and I have it already written pre
pre designated to them. As far as a will or
stuff of that nature, is cryptocurrency inheritable. Yeah, you could
have a wallet and then you can have um. You
could have you have to have a certain like it's

(02:31):
a dozens of digits password that goes with your digital
wallet and you can store that away you know, put
that in the safety deposit box or something, and you
can leave a computer mining for you know, the rest
of your life. And if you pass it down to
your family members, you know, maybe one day bitcoin or
whatever all coin you happen to be mining might be

(02:52):
worth something, you know, a couple decades from now or
something like that. I believe cryptocurrency can be easy culch
to small business as us well. It can be useful
in terms of giving them of funds that they may
not be able to get from a traditional uh source
like a bank. UM. I don't know the struggle with
inheritance of cryptocurrency. I just kind of got in with

(03:13):
it with the wave of things. I'm I'm still educating
myself on it, but uh, I think that if people
are struggling with it, it should for sure be a
way to leave it to your family. I have no
idea of cryptocurrency is inheritable. I would imagine that it
would be, but I don't know for certain. I believe

(03:39):
that cryptocurrency is transferable or translatable to other types of currencies,
but the process in which that happens I'm not aware. Well,
I'm not sure if cryptocurrency can be transferred, but it
would be great for curd. The myth of crypto cryptocurrency
is that it's not available to everyone and it's not

(04:01):
real money, it can't be useful and funding businesses. The
myths un seen people think are true that really aren't,
or that you're gonna get instant amount of big money
and what it is. It's really uh knowledge of the
market and understanding what's going on in economy around you
when it comes to invest in your money directly in
the cryptocurrency. The myths around cryptocurrency is it's not ensurable,

(04:27):
but I would think it should be ensured. I think
some common mess about cryptocurrency is that cryptocurrency is largely
affiliated with a large conspiracy or conspiratorial effort for Elon
Musk to somehow rule the world, the financial world as

(04:49):
we know it UM. I have also heard that cryptocurrency cannot,
will not, and does not have the promise of longevity
UM like other forms do UM. So that could potentially
be a myth, but I think it's still too early
to determine if that's actually a myth or not. We

(05:09):
don't yet know. And I've also heard that because there's
a relatively small group of people. They actually know what
cryptocurrency is, how it operates. The wealth is essentially recycled
among that select few, so it's it's one of the
least inclusive ways to a mess a fortune. But again

(05:30):
these are myths or are they? I mean, I don't know. Wow,
that was incredible and I just love hearing your questions.
I say this all the time. Okay, so Marra break
it down for us. Let's talk about some of these
questions and misnomers and miss that we need to bust
and educate our people on. Absolutely. So what we found

(05:53):
out blockchain is a digital ledger that keeps track of everything.
So basically, you can keep track of everything that you buy,
suppliers that they buy supplies, if they get certain things
that they need. You can use it for your business.
For example, if a salad company buys lettuce and carrots
and they need to know where they come from, they
just use blockchain to get that information. So it just

(06:13):
makes everything easier. And I love that because you know,
here's the thing I want people to take home a
high level, simplified example and a use case of why
blockchain is important. So you talked about this um, this
ledger right, and it really it is. It's irrefutable because
what's happened is you've got all this community of people
who has come together and aggregated this is the answer,

(06:36):
and now it's kind of unbreakable. So you used a
really good example there of cabbage, lots of cabbage. But
you know why, I think that's really funny it say,
do you remember way back when there was that whole
outbreak with the coal and subway and stuff, and nobody
knew where the cabbage came from. But blockchain is a
perfect example where it will tell us irrefutably, this cabbage

(06:58):
came from here, and it came from a tain to
batch that contained equally as opposed to this cabbage came
from this shipper and you can't tell. So, like I
do feel like once I understand more and more the
use cases, it starts to have more meaning for absolutely,
And basically it just lets you know that the possibilities
are endless with blockchains. So you can handle transactions, you
can handle payments, you can handle contracts. The sky's the limits.

(07:21):
So basically it's doing everything for yourself so you don't
have to do it in person. Yeah, that's actually a
really good example. I wondever I can put my bundles
on the blockchain so I can know exactly where this
hair came from when someone building that company, because I
think that's something really India or Malaysia. That's right, that's right,
that's great. Um, okay, so tell us some other myths

(07:42):
that you heard come up on the streets. Absolutely, blockchain
can also eliminate certain overhead cast by eliminating third parties,
so we can eliminate banking fees, eliminate the need for
paper transactions, and it automatically handles such things as accounts payable.
So blockchain is basically killing jobs, but it's also crew
aiding jobs, which is why we need to get involved now.

(08:03):
And this is really the essence of blockchain. It's a
smart contract that actually will execute before you even know,
as soon as it's true. So like you gave the
example of digital peer to peer contracts or just hey, um,
pay out this person if X is true and it
just happens. And so this is the thing. There's so
much more security in these transactions that can be so useful. Absolutely,

(08:25):
it just makes everything easier. Blockchain just really takes the
myth out of everything. And makes everything simplified and easier
for your consumer and also for your business people to
do what they need to do. Now, I did want
to tell you one of the other myths out there,
using crypto as a form of currency will limit your
potential clients, as most people don't have to use crypto.
But let me tell you the facts. I found out

(08:47):
that most retailers who accept crypto do still accept regular money,
so you can use crypto and regular money, and crypto
also expand your international market reach and increases your revenue.
So basically, blockchain with crypto, it just makes things easier
for the merchant and for the customer. Yeah, and I
love this And again it's that piece where it cuts

(09:08):
out the middleman and you know anything that I think
makes life easier. And it's built on this system of truth,
right um, And maybe truth isn't the right word, but
it's kind of like it can't be hacked. It's irrefutable,
and I love this. Um. You know, one of the
other um topics that I think was really important about

(09:28):
this was real estate. We saw it coming up in
real estate a lot. And I've got a great example.
My dad, Um is retired. He's eighty years old and
he's built his dream house in gone to West Africa.
And yes, so he bought this house, he bought this property.
But fast forward, now all these people are coming up
out of the woodwork saying, Hey, I own this land,
this is mine. Yes, and I mean it's a crazy thing,

(09:50):
but you realize the power of blockchain moving forward. Once
you have these records all digitized and there's a smart contract,
you can't come set forward and say hey, this is
mine because it's out on the blockchain. It's on blockchain
and there's no discrepancies. Is basically cutting out the middleman,
letting you know exactly what's going on. So blockchain just
makes our lives a whole lot easier. And you know,
I think Mara, one of the comments that I think

(10:11):
people had is like, hey, how do I start switching
over my business? And what I really want our Money
Moves audience to understand is like, this is a revolution,
and that's why we're talking about this so much. We
want you to get involved and understand the power of
being at the table for this blockchain and cryptocurrency revolution.
So it might not be today, but all of the
businesses that you're building our money, our financial assets will

(10:34):
one day be on the blockchain. So understand this today
and understand that we need a seat at the table
so that we can make the money moves in the
future and take the first step and take the first step.
That's right, that's right, mar Thank you so much for
breaking this down and doing the research. For all the
money movers out there, Google is your friend, and we

(10:55):
appreciate you for bringing us all this wisdom and knowledge
and giving it to us so that we can actually understand.
Thank you, Thank you so much for tuning in Money
Moves audience. If you want more or a recap of
this episode, please go to thank Greenwood dot com and
check out the Money Moves podcast blogs. Stay tuned tomorrow

(11:15):
and every day this week. From very special Money Versus Moves.
Our letter that came in today is really about how
do you get someone from an entirely different generation to
see things your way? I already love it more from
our experts, not only musicians, with artists, just graphic artists.
Anything to be modifies on the blockchain your artist currency.

(11:37):
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(11:59):
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