Chris Kornaros join us to discuss Crypto Current Education with crypto basics on Crypto Current’s exclusive YouTube content.
The following transcript was created using artificial intelligence. There will be some grammatical errors below.
00:01:12:26 – 00:01:33:14
Richard Carthon: Hello, everyone. Welcome to another episode of Crypto Current, your host here, Richard Carthon. And today we have a special guest that all of you should be very familiar with, especially if you’ve been checking out our crypto basics that is now becoming our Crypto Current Education segment, as well as aftershock with Steve. We have Chris Kornaros . How are you doing today?
00:01:34:08 – 00:01:35:14
Chris Kornaros: Doing great, Richard, how are you?
00:01:36:15 – 00:01:53:18
Richard Carthon: Man, I am excellent. Can’t complain. Excited to let people know what you got going on with with crypto decrypted and how we’re doing some exclusive YouTube only content, but before we do that. First, want to learn a little bit more about you? Can you give our audience some, some background on yourself?
00:01:54:21 – 00:02:26:13
Chris Kornaros: Yes. So originally I’m from Vermont in the United States. I went to Tulane University from 2016 sixteen up until the spring of twenty twenty one, where I got an undergraduate degree in marketing and then I got a master’s in business analytics. So then last summer, summer of 2021, I moved from New Orleans to Austin, Texas, where you are, Richard, and this is where I work full time as a business intelligence analyst for General Motors.
00:02:27:03 – 00:02:46:15
Chris Kornaros: And then in my free time, I. How about the podcasts do pretty much everything with our general content strategy. I look at a lot of our analytics and a few months ago, I started up crypto basics with Chris Case. So making some of my own content but a little more dumbed down than what Richard Steve Brill.
00:02:48:00 – 00:03:26:17
Richard Carthon: Yes, so I mean, glad to have you out here in Austin. It’s been awesome bringing you on the team and really getting to continue to grow out the CryptoQuant brand. And one of the things that we realized was that we wanted to continue to to connect people and educate people with some of the more basic ground level ground floor entry level information. And you decided to step up and start providing that. And can you kind of speak to because you’ve been dropping a lot of really good type of content? Can you give the people a taste of like, what does that look like and what are some things that they can anticipate starting to learn?
00:03:27:22 – 00:04:03:06
Chris Kornaros: Yes. So, uh, initially the crypto basics with Chris Kornaros , a concept was we wanted shorter content. You know, it wasn’t as long as the live streams we’re doing, the crypto current lives that we’re short of in the interviews so that if you just wanted a 10 minute video learning about a specific topic, we were providing that for you. And then recently, actually within the last week, we’ve kind of rethought our content process, rethought how we want to provide that content, and we’ve actually made it shorter.
00:04:03:08 – 00:04:44:06
Chris Kornaros: Whereas sometimes, you know, those videos were 12 or 15 minutes long and on topics that weren’t necessarily basic, right? Like I know, one of the videos was about like what rebase coins are, which although not too complicated a topic, it’s far from that entry level information that you would probably want to learn about in crypto. So now the kind of approach I’m taking at it is we want to, you know, essentially provide all our listeners or viewers, our fans with actual basic content and create a roadmap for you guys to really learn about the entire cryptocurrency space, build up that foundation and then get into more advanced topics.
00:04:44:15 – 00:05:15:22
Chris Kornaros: So right now, up on the YouTube channel under the crypto decrypted playlist, we have the most basic content you can imagine. I mean, the first video is what is blockchain? And then the second was what are blockchain layers and the next one. So next Thursday, when we kind of get back into our group of crypto decrypted will be what is bitcoin? So this is the kind of videos you can expect is about as basic as you can imagine. And they’re going to be short, right? These are four to five minute videos.
00:05:15:24 – 00:05:26:04
Richard Carthon: So do you have a busy day and you need just a quick break? This is the content for you. You’re going to get a lot out of it. Hopefully, I’ll be entertaining and it’s not going to take up too much of your time.
00:05:27:14 – 00:06:08:26
Richard Carthon: No, that’s great, and it’s exactly the right type of on ramp for a lot of these newer people that are coming in space that are really trying to understand the basic core level foundation of what’s going on so that as they listen to some of the other content that we put out between our interviews, as well as our conversations that we have on our live far on our show that we do on Wednesdays, the aftershock so that you can kind of keep up with some of the lingo that is going on now. You brought up three interesting things, and obviously today, everyone who’s listening, this is definitely for more of the newer class people who are trying to get a really good foundation of what are some of these concepts.
00:06:08:28 – 00:06:17:06
Richard Carthon: So you just brought up two things to kind of tease what kind of content there will be expecting. You know, can you give us a very base level? What is blockchain?
00:06:18:02 – 00:07:00:09
Richard Carthon: Yeah. So essentially, blockchain is just a different way of storing data. Traditionally, you have these, you know, massive computers. I’m sure you’ve seen kind of those old pictures and videos of what NASA’s headquarters looked like when they’re trying to put someone on the Moon, you had, you know, literal warehouses full of, you know, essentially giant hard drives that were storing the data or processing, you know, all the math to essentially make a rocket work. And then as technology got more advanced, we have these massive massive amounts of storage, right, like hundreds of gigabytes or a terabyte or even more that were on something the size of your phone.
00:07:01:03 – 00:07:44:04
Richard Carthon: What blockchain does and what makes it a really interesting technology, especially for someone who works in data and loves data, is that it rather than storing it in one location? It has several computers working together to kind of store pieces of that information, which makes it, you know, in a lot of cases, a lot faster. But it also just reduces the overall size. And so for a lot of cryptocurrencies, which is where blockchain is most commonly used, it makes a lot of the transactions faster because if you had one computer trying to process all of the bitcoin transactions, you would essentially need a computer.
00:07:45:00 – 00:08:00:22
Richard Carthon: I think it’s like the size of New York City or something. Right, right. It’s like that. That’s just the scale you’re working with. But on blockchain, you can have thousands of computers that are way more spread out and have that same computing power and same storage capacity.
00:08:01:25 – 00:08:20:03
Richard Carthon: That is a really great and intellectually way to learn about blockchain, and again, thank you for for breaking that down and just to tease up one more that you brought up. You talk about blockchain layers, and I think a lot of people don’t really understand these different things. We bring up layer one, layer two and layer three like, what is all of this mean?
00:08:21:03 – 00:09:00:25
Richard Carthon: Yeah. So layer one is, you know, it’s essentially what bitcoin is. It really is that base layer that nobody and by nobody, I mean, ninety nine point nine percent of people will ever interact with. It’s the that base layer, the background. That’s the code that kind of makes up everything and makes it work right in the same way that you know, when you log on to Facebook, for example, and you see a web page, the code in the background on that website that tells the computer to show a blue Facebook logo and tells you to tell this kind of computer to then also show like a search bar in your profile.
00:09:00:27 – 00:09:37:25
Richard Carthon: Picture all the code that does that. That’s essentially layer one. It’s the background. Layer two takes that to the next step, and that’s where you have specific applications, but not that really anyone can interact with. It’s, you know, it’s kind of that in-between between the absolute base and the third layer and the third layer being the actual application itself. So what we see? So when you go to Spotify to listen to this or if you’re on YouTube watching the video layer three is actually that application that you interact with when you click the Subscribe button.
00:09:38:06 – 00:10:01:21
Richard Carthon: When you go to the cryptocurrency channel, all those clicks, all the type you do, that’s you interacting with a layer three, for example. Of course, it’s a little different because crypto, you know, there’s no crypto YouTube yet, but you know, that’s just the general idea. Layer three would be what you see. Layer one would be what a coder in a dark basement would say.
00:10:02:16 – 00:10:37:03
Richard Carthon: Right? And thanks again for breaking that down, because I think and that’s the point of this. So for everyone listening to this, this is why you want to go check out crypto decrypted where Chris is breaking down and decrypting a lot of these crypto terms that you hear all the time but don’t necessarily understand what’s happening or a good way to explain it to your friend. Because at the end of the day, we want you to be able to take this information, understand what’s going on and then be able to speak on it to other people. Because when you really are able to share information in a way that’s cohesive and people can follow it, that’s when you know you’ve got it.
00:10:37:08 – 00:11:06:14
Richard Carthon: And the goal of this crypto decrypted with coach Chris Kay is to help get that going, right? So Chris, I know that you were at the beginning of twenty twenty two. There’s a lot going on in the market and there’s a lot of things that there’s kind of like a road map that we want to create for people as they starting that, as they’re starting their crypto journey. What can people expect to be learning this year from you?
00:11:07:17 – 00:11:43:24
Richard Carthon: So the general plan right now is in the roadmap that we’re still outlining, but I think we’re getting a more concrete picture of it as. It is going to be very basic, so the next video will be what is bitcoin, right? It’s the first cryptocurrency and factually understand other cryptos. You do need to get why bitcoin is what it is, why it works and where its value comes from. And then from there, we’re going to keep kind of building staying basic, but one step at a time, getting a little more advanced, adding in an extra thing here, there.
00:11:43:26 – 00:12:14:15
Richard Carthon: So you may see videos like what is Ethereum, which is the first altcoin? And if you want to know more about that term, you got to go check out crypto decrypted and then it’ll keep building on itself. We’re going to go from just looking at coins to looking at things like, what are NFTs, what are their different applications and how were they actually very similar or the same as a lot of the things we use today? And then long term, you know, the end goal is after you understand the basics as well.
00:12:14:26 – 00:12:52:09
Richard Carthon: And by we, I mean me, I want to get a lot more kind of in-depth right and looking at very specific advanced topics and that could range anything from how do you do like leverage trading or what’s options trading in crypto because those are very complex topics. But the reality is, is you really are just gambling when you do those kinds of trades, if you don’t understand the fundamentals. And so hopefully I’ll be able to provide those fundamentals for you so you can get to that level where you’re doing those crazy trades you read about on Reddit, where someone turned a thousand dollars into a million.
00:12:53:15 – 00:12:54:27
Richard Carthon: Definitely exciting, so.
00:12:56:14 – 00:13:13:28
Richard Carthon: Lessons that will be able to build upon themselves, and I think something else that’s really unique to what you’re doing is you’re keeping it very short. So by being able to get to the point pretty quickly and to get a better understanding, it’ll help people to be able to go to the content pretty, pretty quickly. You can kind of speech that a little bit.
00:13:14:24 – 00:13:45:22
Richard Carthon: Yes. So the the idea with how individual videos work is I’ll have a quick little intro world give you a topic for the video of tell you. You know, let’s say the I’ll just kind of walk you through my typical template for like, what is bitcoin? So it’ll be quick intro saying, you know this video we’re diving into bitcoin, and then I’ll tell you what bitcoin is, how it works, and then why it’s important. And that’ll all be in under five minutes.
00:13:45:24 – 00:14:19:15
Richard Carthon: It’ll be opinion free. I’m literally just going to be kind of teaching you the general definition, giving you an example to make it kind of easier to understand, but also so that you can tell other people about it. And I think that’s the biggest thing. Obviously, I would love of everyone in the world had to come to us to learn about it. But at the end of the day, the only way really that more and more people will learn about this stuff more quickly is if I explain it simply enough that you could then go, tell your mom, tell your dad, tell your siblings, this is what blockchain is.
00:14:19:17 – 00:14:22:26
Richard Carthon: This is how it works. This is why it’s really cool, and you should learn more about it.
00:14:24:12 – 00:14:57:12
Richard Carthon: So we’re at this really interesting inflection point where there are people who are quote unquote OGS who have been in this space for, let’s call it, anywhere from four to 10 years, and then we have people who are absolutely brand spanking new, getting into this space because they’ve heard about it for forever or someone bought it NFT or whatever reason like this is the year they’re finally deciding, I’m going to start learning this thing. Have they missed the boat? Are they too late? Like, why would they like? Is it still worth their time to learn this stuff right now?
00:15:00:04 – 00:15:28:01
Richard Carthon: Hey, cryptocurrency, true, this is Steve Miller, and I’m the host of CC Life Show that keeps you up to date with what’s poppin off in crypto in every episode of CSI Live brings you. The latest news keeps you updated on the top projects in decrypts everything you need to know to get ahead in the wild world of Web3. So if you really want to stay cryptocurrency, join Richard, Chris and I every Tuesday and Friday at seven p.m. Eastern, only on YouTube Live. So what are you waiting for? Subscribe to cryptocurrency YouTube channel today and as always, stay cryptocurrency.
00:15:31:27 – 00:16:07:21
Richard Carthon: Yeah. I absolutely think it’s it’s a good time to to learn everything and the reason being right like I when I first started cryptocurrency as like a video editing intern summer of 2020. And the only thing I knew about crypto at the time was, OK, I know what bitcoin is. It went up to 20 K when I was in college. Still. That’s cool. I heard about Ethereum, but honestly, I don’t know what it is. Decentralized, cool. That was it. Since then, I’ve learned a lot more and it really just makes me want to keep learning.
00:16:07:23 – 00:16:39:29
Richard Carthon: And I don’t think there’s ever a period of time where it’ll be too late to get in. And, you know, that’s kind of twofold. Part of that being that the space will continue to evolve. It’s going to continue to build on itself in the same way the internet has, right. Like it’s gone up from these very simple web pages to websites where you can literally go in and with a few clicks of a button, have a mortgage deposited into your bank account in seconds. Like that’s how much the internet has developed in 20 years.
00:16:40:11 – 00:17:14:06
Richard Carthon: Crypto’s developing an even faster rate. And although that may sound like a reason, oh, I’m going to miss the boat, you’re not because the things that will be the most impactful from crypto haven’t even been thought of yet, let alone start a development. The other reason I don’t think it’s too late is you see all these crazy stories online of people that you know, basically were considered failures for most of their lives than they hit their mid 50s, or they hit the early 60s. And they have that great idea, you know, they kept learning and pushing their whole life.
00:17:14:08 – 00:17:46:24
Richard Carthon: And then finally, you know, they punch their ticket and they see all this success, even though it took them longer, even though maybe they got in later, they’re still getting to the heights that most people never, never, ever reach because they took the time to learn. They took the time to put in the effort. It’s everything kind of worked out in the end, and that’s the way I look at crypto is just because you’re not going to be able to buy a board for $10 and turn it into two million doesn’t mean an opportunity like that won’t come again down the line.
00:17:48:00 – 00:18:23:03
Richard Carthon: Right. Having you be prepared. And just to add to that, I also agree that this is the best time to be getting into crypto right now right now as you continue to educate yourself, as you continue to find ways to understand what’s going on, because when those opportunities come about, you can participate. What’s great about what we’re providing with you at cryptocurrency? Not only are we going to teach you what all of these things mean, we’re also going to help you find out. Also, we’re going to help get you in front of some really cool projects super early on their landscaping and where they’re headed.
00:18:23:11 – 00:19:02:06
Richard Carthon: And then we’re also going to be able to give you insights into other things that are currently going on in the space are going to help you through your full crypto journey. And the first place that you can start, especially if you’re newer to this, is to first to be able to educate yourself. And the reason that we’re doing this and why I created this in the first place as far as Crypto Go was when I first got in, I didn’t have a place where I could go and get all of the information I needed for both education understanding projects to be looking out for and then different ideas and things to be current on that I should be aware of fairly quickly, so I could potentially be able to take advantage of it.
00:19:02:08 – 00:19:27:13
Richard Carthon: And right now, this is the final piece that we’re adding to make sure that you are getting that initial education. So I just want to encourage everyone to check out crypto decrypted, Chris. One more question that I have with you that I typically ask everyone, you know, with with all the information that you have right now and you go back to yourself when you first got to start it, like, what are what are the things in the tools? Are the lessons that you would teach yourself when you first got in.
00:19:31:26 – 00:20:06:16
Richard Carthon: Honestly. It would be to stay away from the projects. That people only talk about price with. Because and this is just the top example in my mind is and I don’t think it’s necessarily a bad project, but this is kind of why I stayed away from it, even when almost everyone I knew in crypto was obsessed with it. All people talked about with Cardano for over a year was this is the next big thing.
00:20:06:18 – 00:20:41:25
Richard Carthon: It’s going to be the bigger and better than a theorem. It’s only at this price now, but it’s going to go up to thousands and thousands of dollars. You have to buy it and. I kind of bought in for a while and then I’d sell because I just didn’t know, and I shouldn’t I just shouldn’t even waste my time with it, because if all people have to say about a crypto project is, look at how low its prices, it’s going to go here. Chances are it’s not going there and it won’t go up much higher than where it’s at because it means the value it has has nothing to do with the project.
00:20:42:18 – 00:21:13:18
Richard Carthon: Whereas a project like helium, which Richard and any of our listeners might have heard me talk about it. I love helium because the conversation around it is never, oh, look at where its price is, that it should go to hear it. The conversation is always look at all the cool things they’re doing. Look at these real world applications. Look at how they’re kind of branching out beyond crypto. And the reason I love that project is even though they’re crypto blockchain project, they’re not kind of keeping that from traditional companies.
00:21:13:20 – 00:21:19:15
Richard Carthon: Most of their biggest partners are traditional, in a sense. And that’s just kind of what I’d say right is.
00:21:21:13 – 00:21:47:24
Richard Carthon: Just to dumb it down. If all someone can say is good about a project, just how cheap it is. Do not go near it, because it means there probably isn’t much more than just a get rich quick gambling scheme. But if someone can go on for minutes or even hours about all the great applications of the cool things coming, I would do more research on that because chances are that project will be around to stay.
00:21:50:04 – 00:22:25:00
Richard Carthon: Do your own research continue to look after it, don’t focus so much on the prize, focus on what’s trying to be built and roadmap and are they executing on the roadmap and does it have a real world application? Everything else, as a quick reminder of these cryptocurrencies aren’t necessarily meant to be currencies. They’re blockchain startups, and 90 percent of all startups ultimately fail. But it doesn’t mean that there aren’t gems within those nine to 10 percent that’s going to make it. There is going to be some absolute gems, but even part of the 90 percent they don’t all fill at the same time, they might have glory days.
00:22:25:02 – 00:23:00:04
Richard Carthon: They might have a really good run that do very well, but ultimately don’t make it. The point being, do your research, find or get into projects that makes sense to you, that you really can understand what they’re trying to accomplish. And if you believe in the vision that they have and that you think they can execute on it. Invest how you see fit. But ultimately, we want to continue to give you the tools to be able to do your own research and have a really good understanding of why you would or would not move forward with something. But Chris, as we wrap up here, man, what is a final thought thought that you want to leave with everyone listening?
00:23:02:07 – 00:23:23:07
Richard Carthon: You know, I think if I were to give you all a final piece of advice would be this. It’s always easier to kind of go and look at the the biggest person in the space or, you know, the most followed, most interacted. They all seem like they want to help you and they know the most. But at the end of the day?
00:23:25:01 – 00:23:45:00
Richard Carthon: Just because someone seems that way on line does not mean that’s who they are. You got to be careful. You got to do your research and always in the back of your mind. Remember that not everyone is going to be looking out for you. They’re going to be looking out for themselves. So be very careful. Do your research and no matter how long it takes, you’ll be successful in the end.
00:23:46:17 – 00:23:55:07
Richard Carthon: Great final thought. Chris, what are ways that people can connect with you and learn more about you and go check out crypto decrypted?
00:23:56:02 – 00:24:29:15
Richard Carthon: Yeah. So for those that don’t know, you can follow me on Twitter at It’s me. Just that’s it’s an. Yes, my profile pictures of a doughnut that one of my friends created and minted as an NFT. So that’s awesome. Check me out. I mostly tweet about, you know, gaming stuff, sometimes sports, but crypto as well, because there’s a lot of exciting things happening, and I just love talking about it. So if you have any questions you can DM me, you can tweet at me, or you can tune in to our YouTube channel and check out crypto decrypted on Thursdays.
00:24:30:25 – 00:25:01:04
Richard Carthon: Perfect. Well, again, thank you so much for spending time with us, Chris. Everyone listening, make sure you go check out crypto decrypted. And of course, stay cryptocurrency. Hey, cryptocurrency crew, we want to give a quick shout out to all of our faithful listeners out there. It’s been an amazing journey and we really appreciate your support throughout the years as we’ve been growing as a community. Each episode, we decided that we would start sharing some of the reviews that you were leaving for us for today. We would like to share this review. Today’s review comes from DB R38. I look forward to hearing the new episode every week.
00:25:01:18 – 00:25:32:26
Richard Carthon: Keep up the great work, my dude. We sincerely appreciate this review and all reviews and would like to ask that if you’re enjoying our show, please take a quick moment to go and leave a review on our podcast so that hopefully we can be highlighting your review next. Simply go to our show notes or go to our website where we have a link, where you can share your review today. Hey, everyone. I hope you enjoyed today’s episode. For more information on today’s episode and all of our episodes, please visit us at WW w that crypto dash current, not SEO. You can also find a link in the show notes.
00:25:33:19 – 00:26:07:20
Richard Carthon: Want to stay up to date on the latest news in cryptocurrency? Sign up for our newsletter today. You’ll receive daily emails Monday through Friday that are personalized and curated content specific to you and your interest. Powered by artificial intelligence, you can either go to our show notes or go to our website to sign up today. Are you an accredited investor looking to invest in cryptocurrency? Quezon City Capital can help go to Quezon City Capital dot com for more information. I don’t know if you’ve noticed, but the quality of our podcast each week are improving. I can only thank my amazing producer Andrew Darida with the Ritter Productions, who has been putting all of this together.
00:26:07:29 – 00:26:17:13
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00:26:23:04 – 00:26:27:01
Richard Carthon: Thanks for tuning into another episode of cryptocurrency with Richard Clarke on.
00:26:27:21 – 00:26:32:03
Richard Carthon: We’ll be back with more exciting developments from the world of blockchain and cryptocurrency next.
00:26:33:02 – 00:26:36:02
Richard Carthon: But until then, stay cryptocurrency.
00:26:45:16 – 00:26:47:25
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00:26:52:22 – 00:27:27:11
Richard Carthon: Thank you for joining us for another episode of cryptocurrency. Just one quick reminder cryptocurrency is a cryptocurrency and blockchain education platform that’s bridging the gap between the curious newcomers who are just discovering the space and the thought leaders who are shaping its future. All opinions expressed by Richard Carr on the cryptocurrency team and their guests on this show are exclusively their own opinions. You should not treat any opinion expressed by Richard. The team and their guests as a specific inducement to make a particular investment or to follow his financial advice. This show and any other crypto current production is exclusively for informational purposes.
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