 This is my quiff the 21 report I'm behind the scenes in Orlando, Florida for the 21 convention 10 year anniversary event Sitting alongside Richard Nicolai Richard welcome back to the 21 convention. It's great to have you back Yeah, and before we get into some questions about your talk and some other questions. I have for you You talked about cryptocurrencies, right? let's say a guy doesn't know Anifin about crypto currencies, right? How would you explain it in layman's terms? Well, the first thing I do is I'd ask him if he's ever had a trading account like like, you know, I'm a TD Ameritrade Fidelity Schwab any of those common trading platforms options express Different things and if he's had any experience in either trading those Or simply just going in and buying So if if if the person says yeah, I have it's basically the same thing Just a couple more hoops to jump through So Which so in other words you kind of instead of having an account where you can do everything in the same place You kind of have to have an account in two places. You know, so there's one platform where you will go back and forth between the main cryptocurrencies like Bitcoin Ethereum and Litecoin Are kind of the big three right now? in terms of popularity and trading volume and With those you can trade back and forth between your feet the main world fiat currencies, you know dollar yen euros Canadian, you know, whatever any any There's there's some that do like they have like 50 different fiat currencies meant by fiat currency I mean, you know government the cut the money people normally will use so you use that platform to go in and out of those a typically you want to get Bitcoin and Then once you have that then you transfer that over to your to it a crypto only exchange and there's a bunch of those Which basically trade In Bitcoin against that so the trading pairs are typically Bitcoin and all the there's about a thousand coins out there Most are garbage stay away for most of them, right? but You want to be looking at trading volume and so if there's a lot of people trading it and It's it's all it's in the top, you know, maybe You know 20 to 50 of the currencies being traded in terms of volume per day how much how much money is being exchanged, right? Then then maybe you look take a closer look and say do I want to be in that one? But that's the so but if you have experience in buying and selling stocks or Exchange traded funds or bonds through any of these other platforms. It all works essentially the same way So you'll be able to very get up get to be able to do the transactions very quickly very easily I'm talking within hours really, right? Okay So the second thing is if you don't have that experience, but maybe you have say a 401k or 403b, whatever through your employer and it's in and it's in and it's lodged in one of these You know with with one of these companies that manage it and typically they have a software They have a website now where you can go in and you can select different different mutual funds or whatever that you want to be in So if you have that experience, maybe it's a little bit a little bit of an uphill grind to to get into this But but still you're gonna it's pretty intuitive at that level You have none of that experience then, you know, it's it's something that you can do and I have I have a little service On the on a website called patreon where I have a whole how-to manual and and and total newbies have told me Man, it was so clear so they can get in and get started and once you get over that hurdle of oh my god This is different. It's it's it's not so bad, right? So so if guys want to get more involved in this patreon account that you have what is the where is it that? Yeah, it's it's patreon Tron.com slash DigiCash di gi C a s h and I said that's my It's it's a platform for people to go and create content You and I create this sort of content, right? And it's it's it's five bucks a month So just a full disclosure and you can even if you don't like a you can stop it with just a click a couple clicks So one thing you mentioned In your talk that I really loved was this idea of not real money, but I deal money That's right. Can you expand on what you mean by that? Yes. Well, you know I held up the dollar in the and I said is this is this money? Of course, it's money We use it every day And same goes for whether you have euros, you know, wherever you harken from Yes, it's money. Yes, it's real money because it's commonly accepted as exchange But is it ideal money and I clearly was able to show during that presentation. No, it's not by a far stretch of the imagination because the government Continually inflates the currency in order to give people the sense of you know what I better spend my money or or I better like invested in some Initiating asset where if you were for example gold isn't isn't ideal as money either But it's it's it's it's an opposite thing So it's not ideal to to transact in gold for reasons I explained You know, you'd have to carry around and you have to weigh it and do all this stuff And if it's in coin people can just clip off a piece of it, right? But it still trades at face value. So you're getting into the same sort of devaluation of the of a coin now Way, so it's not ideal either But at least if you have a certain weight and gold it holds up very well against the dollars I said if you had a thousand a thousand dollars the US dollars in 1900 so we're talking a hundred seventeen years ago in 1900 that would have bought 50 ounces of gold it traded at $20 ounce at the time, right today that 50 ounces would would be worth like $70,000 So so it's hell it holds up against what our governments do to our currencies and so the question is our Cryptocurrencies position because they they do they do in digital fashion somewhat much like precious metals do so they're good hedges so far Against dollars as we've seen, you know Bitcoin started out in 2009 at a few pennies per coin and it hit 5,000 per coin right now a lot of that is exuberance and all of this stuff, but it's sure not getting worth It's not getting less and less valuable Against dollars or any other world currency so something I Spoke if Anthony about was you were originally gonna come and talk about how to be the man of the house Yes, it was because you know, we we did you have more to that question? I'm sorry. Yeah What made you change your mind? Well, I'll tell you what did is because I bought I started I started getting You know I my knowledge about the idea and theory of cryptocurrency goes back to the mid 90s I was reading white papers back then But in the interim I started a business night that was my primary focus and then I probably should have been more on the ball in 2009 when this came around maybe even 2011 but When 2003 when it hit $1,000 for the first time at the end of 2013, I said well I better do some so when it retracted. I bought my first bitcoins at $618, you know and so it And then I just let them sit because it was it languished for two or three years It shook out because when they hit $1,000 tons of people Took profits. I showed the trading volume is the highest ever back then. They're like, whoa, I'm a millionaire You know anyone who had a thousand coins Which they could have bought for like 10 or 20 bucks back in 2009 Instant millionaire, you know, you're not you're gonna hit that sell button at that point It's you know, unless you're already a millionaire. You're gonna go like holy shit. Wow. Wow, right? So and they're probably not crying that they didn't hold it till now because really what you could have done is sold Sold a good half your position and then then when it when it went back down to 300 you could have bought into it again You'd still be doing good, right? So so Richard to switch gears slightly you're a prolific writer on your blog and It's clear that you have a love for writing because you do it almost every day. Yeah, it's 14 years 4,500 posts it cut if I've slacked off in the last couple years, but but go but through about 2014 I was still in an average of a post per day every day for like at that time, you know, 12 years 1311 12 years. So it's a lot. Yeah, that is a lot. So I'm curious. What does your writing process actually look like? Uh Whatever it typically typically just whatever Bug I get out my ass at the time. I mean really seriously it and that's why that's why I've never been I've never really Had much interest in growing this like so many people who got into you know Because I got into the paleo thing at 2008. So for that consumed most of my Posting for for a number of years with the odd thing thrown in but I could just never be I could never be that guy That's this singular foe. This is a paleo blogger. This is a food blog and you know If something pisses me off politically or socially, you know the whole social justice warrior bullshit the whole feminism bullshit the whole you know race baiting bullshit Just you know It gets to me in a certain point. I got a pop off about it So I can never have one of those blogs where where where, you know, you know, soccer mom goes in every day I have some they're thick skin. I have a lot of women readers but But they're thick skinned right and they and they tend to be maybe I perhaps a little bit older a little bit wiser Have seen enough to to realize how stupid they used to be and that applies to that too I'm not I'm not trying to be a sexist in that regard. I can be sexist in other ways So Richard this was your third time speaking third time at the 21 convention I'm curious to know how has the event changed from when you when you first spoke to this weekend's event Well, it's Anthony has put it together and I think I understand how his business model works So that for him this event Basically sets the stage for how he interacts, you know on through his other avenues like his his websites and videos and and you know various I don't know everything about it, but but it has it has it does appear to have have grown and begin and have a much More enthusiastic following at convention time, right? Now, I'm not I'm not I haven't been that much aware or involved in all the all the online activity throughout the year and and and seriously, you know, I'm not one I'm not a guy who came from either the You know, whatever it is pick up per game or Or a red pill or anything like that. I'm peripherally familiar but not really even Enough to make distinctions between those two those three things, which I guess, you know, most of you dudes can But you know what I did what I do know is that when I first came and started and hearing some of these Guys talk, you know about the dating scene and stuff like that I realize that I realize that a lot of people have Misconception about it. It's really we're talking about this last night says it really doesn't you could be here a single guy Looking for you know, how to do better with women really what it is though to me my Impression is it's lessons in how to have self-confidence and hold yourself correctly not get Not get trampled on and walked on that you have needs to and you have to see to those or it's it's not gonna work Anyway, right and so so in that in in that respect It has wide it has wide application to a number of different things business deals Relationships with you know with other people and various levels even family type stuff and everything so yes It's it's it's it's really a I think it has a wider application And so that's that's probably that probably gives Anthony Many avenues in towards expanding this brand as time goes on, you know offshoot sort of thing That's a really interesting to hear your perspective on that and so Richard if people want to learn more about you You're writing what you do. Where's the best place they can go? Okay? Well free the animal calm That's my original blog started in 2003 not that name But it has all it has the same database of content content going all the way back It's just all one word free the animal calm and from there You can get to you know my Facebook Twitter YouTube I don't put up that many videos every once in a while every once in a while and it has a button for the patreon Which is specifically about the cryptocurrency if you're interested in in that the blog is is free There's advertising the patreon. I should mention. It's a five dollar a month Subscription and it has no ads no pop-ups no upsells no premium content Everybody has access to everything all content all the time and you can quit it anytime you want so that's it So with that you can watch Richard's talk first on 21 University comm all by clicking the link beneath this video Richard thanks again for being here. It's been great. Haven't you? It was great. This has been a great tie I was I was telling the guys this morning. I don't think I've ever been to a convention. That's four days Yeah, this is a big two and three days four days man. That's it's quite it's a it's a mindful Yeah, it's a it's a lot to take in yes So with that this has been Mike with Richard Nicolai signing off for the 21 report. Thank you