Cryptocurrency and Blockchain Get A Fighting Chance
MMA Champion Dan Henderson lets down his guard to learn how to buy and store crypto
Bitcoin. Simply mentioning the word cryptocurrency alone, is enough to instigate a McLaughin-like onslaught of opinions over what it is or isn’t. Delving into the topic can feel like boarding a train to Westworld, HBO’s futuristic Wild West themed amusement park. Can it actually deliver value? How can it be real? Isn’t it just a fad? How do you buy it? Where do you keep it once you purchase it?
While shooting Adventures in Crypto, people would bombard me with these types of questions because they were too intimidated to explore this world on a deeper level on their own. They didn’t know who to ask or where to even begin when broaching this subject. After all, learning about cryptocurrency can seem terrifying, triggering symptoms like sweaty palms, a racing pulse, and disorientation. I mean, why should anyone even bother? Shouldn’t we just stick with what we know already works, like banks and fiat currency?
With that mindset, we wouldn’t have things like smartphones, email, or Amazon Prime. However, public acceptance of cryptocurrency is a bit thorny right now. With mainstream media, like CNBC, Forbes, and Bloomberg beginning to dip their toes into the digital currency realm – both on air and across social media – fear surrounding the unknown world of crypto is at a fever pitch. Bitcoin has taken a massive blow, with cryptocurrencies plunging into precariously low waters, causing the curious to retreat back into their bubble of comfort.
If there’s one person who’s well-acquainted with taking a massive blow, it’s Dan Henderson, an MMA world champion who has never shied away from an intimidating scenario. He’s stepped into the cage with some of the world’s most seasoned and vicious fighters, and emerged victorious. While the topic of cryptocurrency and its volatile ups and downs didn’t frighten Dan off, he admitted that he felt clueless about where to start learning about crypto and how to purchase it.
With this information in my corner, I decided to propose a deal. Adventures in Crypto would bring the experts to his training facility in Temecula, California for a crash course in the basics IF, in exchange, he’d be willing to teach me some killer moves in the cage. Are you laughing? I know I was. Spoiler alert: one of these adventures turns out to be incredibly successful. The other one, however…well, let’s just say it’s going to need some work.
We introduced Hendo to Clayton Bittle, a super low-key, yet tremendous influencer and pioneer in the blockchain and crypto space. Picture this: a clean-cut IT guy and a cauliﬂower-eared cage ﬁghter sitting together for a lesson on crypto. Who would’ve imagined these two men, from completely different worlds, being brought together by bitcoin? After a few short minutes, Dan was already comfortable buying crypto on a cryptocurrency exchange and storing it in his digital “wallet.” So, that was the easy part. Showing Clayton and myself some badass fighting moves was a whole other story.
After attempting a few jabs and uppercuts, Dan, Clayton, and I sat down and had a meaningful and candid conversation around our economy, the middle class, and how crypto and blockchain are poised to shift power from the banks and governments back to the people. Clayton is working with foreign governments and some of the largest financial institutions across the globe on incorporating blockchain and crypto into our population’s everyday financial lives.
Several companies, like Fidelity, FedEx, Walmart, Overstock, and Bank of America, are already taking the leap into this space. Although many businesses refuse to admit that they’re exploring and investing in cryptocurrency, our inside sources have informed us just how widespread it’s becoming behind closed doors. Like it or not, people need to prepare themselves for this change. It’s only a matter of time before blockchain and cryptocurrency are implemented on a global scale.
Despite witnessing the fear and uncertainty caused by the topic of digitizing money first-hand, it still surprises me that bitcoin, which was created over 10 years ago, is having such a tough time being adopted in the United States. Its acceptance rate is slower than trying to get the last drop of maple syrup to dribble from a glass bottle.
While we live in a digital age, a majority of people are resistant to technological change. It disturbs their routine, tosses them out of their comfort zone, and requires them to adjust their lifestyle personally and professionally. Because of this, people become resistant. Yes, emerging technologies can alter our lives and disrupt the way businesses operate, but in the same breath, they can also bring about innovation and transform our lives for the better.
During my discussion with Dan and Clayton, we talked about the potential impacts of cryptocurrency and blockchain on different industries. I had to pick my jaw up off the floor after hearing this information. I’m hoping you experience a similar adrenaline spike after reading the tremendous influence this world will have on different sectors. And these are only a few…
Do you know what buying and selling a home means? A heaping pile of paperwork. With the integration of blockchain technology, the real estate ecosystem can be headache-free, as all transactions are stored securely, allowing people to efficiently share money and data. Not only will Information, like property titles and MLS listings, be more accessible, but the use of blockchain can minimize the risk of theft and fraud. It can also generate ‘smart’ contracts that are only executed when all conditions are satisfied, protecting funds from being released prematurely. Hey, who wouldn’t opt for a speedier, security-focused process for purchasing and selling property?
As it currently stands, banks are responsible for storing and transferring our money. Blockchain would provide a secure system for all transactions to be captured and recorded, significantly reducing the risk of fraud or human error. Because of the decentralized nature of blockchain, it’ll be more cost-effective and quicker to transfer funds.
The healthcare industry is quite antiquated when it comes to securely storing and sharing medical records. Outdated infrastructure has led to data breaches, lost records, and fraud, all of which has bred a culture of mistrust between consumers and healthcare facilities. Blockchain can provide a platform where medical records are safely stored, transferred and accessible solely by authorized parties.
Just imagine: instead of multiple inaccurate health records, your information would live in a singular, complete digital file that would follow you over the course of your life, regardless of how many times you transition to a new insurance company or doctor. In addition, should a life-threatening emergency arise (fingers crossed this never happens), doctors could instantly access your health records, leading to a timely and accurate diagnosis.
Emerging technology within the cryptocurrency, blockchain, and virtual reality sectors will revolutionize the classroom setting. Not only would education systems have the capacity to build a global community of students (from varying locales, cultures, and age groups), but it’d also unite campuses, faculty, and curriculum across the world to furnish growing minds with a robust, quality education.
With a blockchain-based system, institutions and employers could securely access educational records, verify student transcripts, and transfer pertinent information in the blink of an eye, speeding up the employment process, college acceptance, and the course approval process.
Food & Agriculture
According to a new report – Blockchain: Agriculture Market Forecast until 2023 – released by Reportlinker, the inclusion of blockchain technology is predicted to hit nearly $430 million by 2023. Sadly, nearly one-third of all food produced, on a global scale, ends up going to waste each year; creating a dire need for accuracy and transparency of supply and demand data within the agriculture and food supply chain markets. The use of a blockchain network would maximize efficiency and give organizations the power to make effective decisions. Blockchain would also support traceability, combat food fraud, verify products (i.e. ensuring a product meets ‘organic’ regulations), and resource and inventory management.
Adventures in Crypto is on the front lines of this paradigm shift. We’ve traveled the world to showcase how other governments and individuals are using and exploring this innovative technology to improve their lives. My hope is for you to take the work we’ve done on the show, and learn from it. Use it as a catalyst for embarking on your own mission to research this world and make decisions about how you’ll travel this brave, new world. Proceed with caution, though, what you choose to do with the MMA moves could land you with a few bruises!
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