Hour 3 - How is Ethereum different than Bitcoin?

Dapper Dinos is a play-to-earn blockchain ecosystem. You can breed, stake, play, and earn with your Dino NFTs. You will be able to earn, collect, trade, and be rewarded with two different NFT tokens. Those tokens are $FOSSIL, the governance token, and $BONE which is the utility token. In this episode, I interview GOTMokle & DadCaptain where we discuss: 🧙🏻‍♂️Wizards, Astronauts, and Pipes 🗼The Great Wizard Tower 🎙and much more... Socials: TheNerdAssassin: https://twitter.com/thenerdassassin GOTMokle: https://twitter.com/GOTm0kle DadCaptain: https://twitter.com/realDadCaptain

Dapper Dinos is a play-to-earn blockchain ecosystem. You can breed, stake, play, and earn with your Dino NFTs. You will be able to earn, collect, trade, and be rewarded with two different NFT tokens. Those tokens are $FOSSIL, the governance token, and $BONE which is the utility token. In this episode, I interview AlbinoRyno where we discuss: 🎙AlbinoRynos journey into the NFT space and The Dinos 🎈Elegant Red Bubblegums 💸Buying Strategies

I have thought about investing in cryptocurrencies and NFTs but have not been able to pull the trigger. This podcast is my way of investing with something bigger than money. I am investing my time by spending an hour per day reading and learning about all things blockchain. This may include subjects such as Bitcoin, Ethereum, non-fungible tokens, smart contracts, or cryptocurrencies. ##### In This Episode ##### What is a cryptocurrency wallet? Differences between Custodial vs Non-Custodial Wallets Hot vs Cold Storage How wallets work? Links: https://www.garyvaynerchuk.com/how-to-make-a-cryptocurrency-or-nft-wallet/ https://medium.com/mogulproductions/blockchain-explained-custodial-vs-non-custodial-wallets-76e6128834b0 https://paxful.com/blog/what-are-public-keys-private-keys-wallet-address/ https://www.nerdwallet.com/article/investing/best-bitcoin-cryptocurrency-wallet https://www.ledger.com/academy/basic-basics/owning-and-using-it/i-bought-my-first-crypto-now-what https://www.ledger.com/academy/basic-basics/owning-and-using-it/how-to-keep-your-crypto-safe

I have thought about investing in cryptocurrencies and NFTs but have not been able to pull the trigger. This podcast is my way of investing with something bigger than money. I am investing my time by spending an hour per day reading and learning about all things blockchain. This may include subjects such as Bitcoin, Ethereum, non-fungible tokens, smart contracts, or cryptocurrencies. ##### In This Episode ##### Ethereum Philosophy Ethereum Core Tenants Ethereum Accounts Ethereum Transactions and Messages Links: https://ethereum.org/en/whitepaper/#philosophy

I have thought about investing in cryptocurrencies and NFTs but have not been able to pull the trigger. This podcast is my way of investing with something bigger than money. I am investing my time by spending an hour per day reading and learning about all things blockchain. This may include subjects such as Bitcoin, Ethereum, non-fungible tokens, smart contracts, or cryptocurrencies. ##### In This Episode ##### What is in a block? How does the chain grow? What is a transaction? Links: https://medium.datadriveninvestor.com/what-is-a-block-in-the-blockchain-c7a420270373   https://www.sentinelone.com/blog/what-is-hash-how-does-it-work/   https://coincentral.com/what-is-a-nonce-proof-of-work/   https://lupusconsulting.com/2019/01/14/blockchain-this-is-how-bitcoin-and-ethereum-are-different/   https://ethereum.org/en/whitepaper/   https://medium.com/bitbees/what-the-heck-is-utxo-ca68f2651819

I have thought about investing in cryptocurrencies and NFTs but have not been able to pull the trigger. This podcast is my way of investing with something bigger than money. I am investing my time by spending an hour per day reading and learning about all things blockchain. This may include subjects such as Bitcoin, Ethereum, non-fungible tokens, smart contracts, or cryptocurrencies. ##### In This Episode ##### I start by reading the Ethereum white paper and cover topics ranging from Satoshi Nakamoto, Bitcoin's "intrinsic" value, and alternative applications. We talk about the backbone of Bitcoin being blockchain. How ethereum's goal is a Turning-complete programming language on the blockchain. Then we get into Bitcoin as a state transition function. Links: https://ethereum.org/en/whitepaper/ https://bitcoinmagazine.com/business/op-ed-debunking-bitcoin-myths-the-intrinsic-value-fallacy https://en.wikipedia.org/wiki/Turing_completeness https://stackoverflow.com/questions/7284/what-is-turing-complete https://www.cs.cornell.edu/courses/cs211/2006sp/Lectures/L26-MoreGraphs/state_mach.html

I have thought about investing in cryptocurrencies and NFTs but have not been able to pull the trigger. This podcast is my way of investing with something bigger than money. I am investing my time by spending an hour per day reading and learning about all things blockchain. This may include subjects such as Bitcoin, Ethereum, non-fungible tokens, smart contracts, or cryptocurrencies. ##### In This Episode ##### In this episode, I set the baseline for what I currently know about blockchain.

"Each nation has been made to look with an invidious eye upon the prosperity of all the nations with which it trades, and to consider their gain as its own loss. Commerce, which ought naturally to be, among nations, as among individuals, a bond of union and friendship, has become the most fertile source of discord and animosity." ### This Episode ### Chapter 1: Of the Principle of the Commercial System A look at what European economists thought made a country wealthy and how it influence regulations. Chapter 2: Restraints on Importation of Goods which Can Be Produced at Home Countries restrict goods by either high duties (taxes) or absolute bands which more or less creates a monopoly for the home market. These monopolies encourage more investment of time and money into that market. But does this help the society? Chapter 3: Restraints on Importation of Goods for the Balance of Trade The last chapter had regulations based on greed. In this chapter, it is national prejudice and animosity. ### Background ### I had a lot of strong opinions on Economics. I knew what policies were best for governments to build a strong economy. Then I realized, I did not have a  base to build these opinions on. I had not spent time reading the foundational thinkers. My opinions did not come from first principles. The Wealth Of Nations is the first book on my list I am reading. Written by the OG of Economics, Adam Smith. ### Links ### Twitter: https://twitter.com/thenerdassassin LinkedIn: https://www.linkedin.com/in/thenerdassassin Facebook: https://www.facebook.com/thenerdassassinpodcast Instagram: https://www.instagram.com/thenerdassassin/ Medium: https://thenerdassassin.medium.com TikTok: https://www.tiktok.com/@thenerdassassin YouTube: https://www.youtube.com/channel/UCjArcp_L8oZ5iqdLoncxMzw

"Had human institutions, therefore, never disturbed the natural course of things, the progressive wealth and increase of the towns would, in every political society, be consequential, and in proportion to the improvement and cultivation of the territory or country." ### This Episode ### Chapter 1: Of the Natural Progress of Opulence How countries naturally grow into wealth. Chapter 2: Of the Discouragement of Agriculture in the Ancient State of Europe after the Fall of the Roman Empire "Laws frequently continue in force long after the circumstances, which first gave occasion to them, and which could alone render them reasonable no more." Chapter 3: Of the Rise and Progress of Cities and Towns after the Fall of the Roman Empire Order and good government with liberty and security of individuals was established in cities Chapter 4: How the Commerce of the Towns Contributed to the Improvement of the Country “Having sold their birthright, in the want of plenty, for trinkets and baubles, fitter to be the pay-things of children than the serious pursuits of men, they became as insignificant as any substantial anyone in a city” ### Background ### I had a lot of strong opinions on Economics. I knew what policies were best for governments to build a strong economy. Then I realized, I did not have a  base to build these opinions on. I had not spent time reading the foundational thinkers. My opinions did not come from first principles. The Wealth Of Nations is the first book on my list I am reading. Written by the OG of Economics, Adam Smith. ### Links ### Twitter: https://twitter.com/thenerdassassin LinkedIn: https://www.linkedin.com/in/thenerdassassin Facebook: https://www.facebook.com/thenerdassassinpodcast Instagram: https://www.instagram.com/thenerdassassin/ Medium: https://thenerdassassin.medium.com TikTok: https://www.tiktok.com/@thenerdassassin YouTube: https://www.youtube.com/channel/UCjArcp_L8oZ5iqdLoncxMzw

"The quantity of industry, not only increases in every country with the increase of the stock which employs it, but because of the increase, the same quantity of industry produce a much greater quantity of work." ### This Episode ### Chapter 1: Of the Division of Stock Stock divides itself into 3 parts -- immediate consumption, fixed capital, and circulating capital. Chapter 2: Expense of maintaining Money Money is an instrument of commerce. Therefore, if you reduce the cost of currency you increase the country's revenue. Chapter 3: Of Productive and Unproductive Labour Capital can be used to fund productive or unproductive labor. The proportion of each determine if next year's produce is more or less than last year's. Chapter 4: Of Stock lent at Interest Stock lent for interest is always considered capital to the lender. Interest prices go down as a nation progresses. Chapter 5: Of the Different Employment of Capitals Capital can fund agriculture, manufacturing, distribution, or retail. Which is funded will determine how much revenue is generated for a country. ### Background ### I had a lot of strong opinions on Economics. I knew what policies were best for governments to build a strong economy. Then I realized, I did not have a  base to build these opinions on. I had not spent time reading the foundational thinkers. My opinions did not come from first principles. The Wealth Of Nations is the first book on my list I am reading. Written by the OG of Economics, Adam Smith. ### Links ### Twitter: https://twitter.com/thenerdassassin LinkedIn: https://www.linkedin.com/in/thenerdassassin Facebook: https://www.facebook.com/thenerdassassinpodcast Instagram: https://www.instagram.com/thenerdassassin/ Medium: https://thenerdassassin.medium.com TikTok: https://www.tiktok.com/@thenerdassassin YouTube: https://www.youtube.com/channel/UCjArcp_L8oZ5iqdLoncxMzw