Jan 18, 2023
Being asked to teach about crypto and NFTs
Ship It Post #
Mar 18, 2022
People are asking me to explain NFTs and crypto to them.
I’ve been in the crypto space since 2018, and I’ve experimented with some fringe and degen applications. But that doesn’t make me an expert. I’ve read a lot on how Bitcoin works, but have trouble explaining it to other people. If you can’t explain a concept to a 12-year-old, you probably don’t understand it well enough.
A few people have been asking me to coach them or put on a workshop to explain emerging Web 3.0 tech. Blockchain is a big part of Web 3.0: crypto, tokens, NFTs, Dapps, DAOs, DeFi, GameFi (play-to-earn)...
But I don’t feel confident enough to teach about it. Especially since this is still the unregulated era of the Wild West. I’m responsible for my own decisions. I don’t know enough to be responsible for influencing others in this space.
There are so many influencers who scam their followers, while telling themselves they didn’t. This is like the dot com bubble. There will be a few winners but many losers. Everything is high-risk, high-reward. The tech just isn’t there yet for mainstream adoption.
One of the powers of crypto is that it puts the responsibility on you to manage your funds. You have the power of a bank at your fingertips. If you don’t Use a Password Manager or know how to securely store and retrieve your passwords from any device (including a library computer, in case your house burns down), then you’re not ready to take responsibility for your crypto/NFTs (at its current technical level).
“Not your keys, not your crypto.”