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Category Archives: Crypto

Educating Myself Around All Things Crypto: Bitcoin

4 / 6 / 224 / 12 / 22

Halfway through 2021, I decided that it was HIGH time I educate myself on all things cryptocurrency. I’m glad that I didn’t live completely under a rock. And that I should OBVIOUSLY start by learning all about Bitcoin (BTC). I feel like I have the basic first principle understandings however, there is still so much for me to learn.

So I’m organizing my learning here so I can easily share with others as I help orange pill them 🙂

As always, I’m a massive fan of definitions so let’s start with that. And finally, I’ll share the resources that I used or am using to educate myself.

What is Bitcoin?

When I decided to start learning about Bitcoin I started by searching for “the definition of bitcoin”. Here’s what’ popped up:

Bitcoin Definition

From there I went a little further and clicked on the top-ranked Bitcoin Definition by Investopedia.

They start by stating that BTC is a decentralized digital currency. It follows the ideas set out in the white paper by the mysterious Satoshi Nakamoto. Which I highly recommend reading after you have grasped the concept of BTC. They continue on to explain…

Bitcoin is known as a type of cryptocurrency because it uses cryptography to keep it secure. There are no physical bitcoins, only balances kept on a public ledger that everyone has transparent access to (although each record is encrypted). All Bitcoin transactions are verified by a massive amount of computing power via a process known as “mining.” Bitcoin is not issued or backed by any banks or governments, nor is an individual bitcoin valuable as a commodity.

Bitcoin Definition by Investopedia

Diving Further Into The Technology

Here is a great list of FAQs. I started asking around with friends who had already invested in cryptocurrency and received several resource suggestions. One of them is Anthony Pompliano’s podcast. While listening to several episodes I found out about his crypto course. The course aims to help 10,000 people find jobs in the crypto industry. I enrolled to learn more. In our very first workshop we dove into the concept of money to truly understand BTC.

We learned about the 3 functions of money. Which include store of value to a medium of exchange to unit of account. And the 6 properties of money which include scarcity, durability, acceptability, portability, divisibility and fungibility. I clearly didn’t paying attention to these concepts in economics during my University days. My next step will be to explain to a 5 year old the functions and properties of money as it relates to Bitcoin to see if I really understand it.

What is Blockchain Technology?

Blockchain technology isn’t actually included in the main definition of Bitcoin. However, Bitcoin doesn’t exist without the technology.

Blockchain Definition

This was a really important concept for me to grasp to understand the security of Bitcoin. When you dive into learning how all the players in the decentralized network support the cryptocurrency the technology makes even more sense.

Why Would Someone Invest In Bitcoin?

So why would someone invest in bitcoin, since many investors deem it a risky investment? The risk in investing in Bitcoin is because the price of Bitcoin is quite volatile. The historical performance (compound annual growth rate) is actually higher than Amazon, Apple, Visa and Microsoft. Unfortunately because it’s measured in fiat currency equivalents we see volatility in price.

Investment or Long-Term

Many treat Bitcoin as short-term investment. Once you understand it’s potential for reliable, long-term store of value you’ll then come to understand why many investors using dollar-cost averaging to invest. Many will hold their assets long-term (otherwise known as hodling). Whether it’s an investment to imagine the future potential or to realize short-term gains there are several reasons why someone would invest in Bitcoin.

Resources

Learn about the fundamentals of bitcoin and crypto with Anthony Pompliano. Use code: FRIEND20 for 20% off and ensure you type my full name – ROBYN PINEAULT into the section when asked who referred you.

The Bullish Case for Bitcoin

Bitcoin White Paper Made Simple

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Educating Myself Around All Things Crypto: Web3

3 / 28 / 223 / 28 / 22

I decided halfway through 2021 that it was time to educate myself about all things cryptocurrency. And while I knew I needed to learn about bitcoin and altcoins, I had no clue I’d be diving into the world of decentralization and web3 at the same time.

So let’s start with definitions and the resources I’m using to educate myself around the topic in case you’re interested in diving into this rabbit hole with me.

What is Web3?

Web3 also known as Web 3.0 or web3 is the world wide web based on blockchain technology according to Wikipedia. If Web 2.0 provided us with internet access through centralized companies Web 3.0 will bring about decentralization, data security and privacy for its users.

Web3 is an internet that is open for all users, built on open protocols and transparent blockchain networks.

Mason Nystrom – What Is Web3?

Ok, but what does that really mean? How is it different from the internet that I use today filled with Google searches through my Chrome browser, hosting the million and one photos I take of my children on DropBox or blogging on this website for the past 13 years! Egad!

How Is It Different?

To better understand the concept of Web 3.0 it was helpful for me to understand how I currently don’t really own this website. I bought the URL domain through GoDaddy and host the website through HostGator on a WordPress platform so at the end of the day if I stop paying the bills I lose the website.

The vocabulary around Web3, like that of many early movements, is very idealistic. It’s all about using technology to create trustless systems, wrest power from corporations, and give it back to the people.

Packy McCormick – The Value Chain of the Open Metaverse

According to the author Packy McCormick, people passionate about Web3 will tell you what Web3 is against but they don’t always do a great job of explaining what it’s for or how it can be used or how it can help you. He also goes on to explain that at the heart of the concept of Web3 is cutting out the middlemen. That Web3 will bring about change that will empower the financial exchange of value between the consumer and the creator directly. However, we are in a period of transition where the interfaces are often hard to use and somewhat intimidating.

Web3 is very early and many don’t believe it will deliver on its promise. The interfaces of decentralized apps are still hard to decipher for most people, myself included.

Packy McCormick – The Value Chain of the Open Metaverse

So How Can We Use Web3 Now?

The first company that crossed my path that opened my eyes to Web3 was Unstoppable Domains. Is this my solution to never having to pay GoDaddy another cent? (Sorry GoDaddy, nothing against you…)

Web2 and Web3 Companies

I’ve been paying GoDaddy for years for domains like robynbaldwin.com but I can now purchase an NFT domain with Unstoppable Domains once and own it forever. Never having to pay a fee annually to the URL domain gods. And while Unstoppable Domains outlines 5 reasons why you need an NFT domain, the only thing they still lack is a way for you to use the domain easily for your current website in the Web 2.0 world that we still exist in. So while I’ve purchased an NFT domain for seamless crypto payments I won’t be transitioning my blog over to the domain anytime soon.

I would highly recommend diving further into this article if you’d like to understand the different use cases. It’s an exciting time to know that we’re just at the beginning of the shift from Web2 to Web3 and I’ll be watching how the infrastructure develops for ease of use in the future.

Resources:

The Value Chain of the Open Metaverse

What Is Web3?

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About Robyn!

I help to empower you with healthy habits
- By using dōTERRA Essential Oils
- Sharing my Multiple Sclerosis journey
- Show you how to thrive with an autoimmune sidekick

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robynpineault

Here is how we value our family. 
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My favourite part of this statement is our "we grow relationships individually within the family" and this is why once a month we book a mommy/daughter | daddy/son date and then a mommy/son date | daddy/daughter date!
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Ps. This is a monthly Asana task for me at the beginning of the month to book into our calendars so we make it happen. 

Swipe right to see moments I captured with each of my kids individually.
Twin Dads - A Real MVP in this household and so ve Twin Dads - A Real MVP in this household and so very rarely gets the praise that a Twin Mom might. So dear husband, we love and adore you.
Ladies there is DEFINITELY a better way to having Ladies there is DEFINITELY a better way to having more peaceful periods than REMOVING your uterus!!! Please please work with a naturopath or a nutritionist before you think about removing this organ!

I know there are reasons for it to be removed but can we stop using it as almost a first resort for painful periods!!!!
This is how the twins feel about BOGO week. Swip This is how the twins feel about BOGO week. 

Swipe right to see all the oils you get in the box! 9 products for the price of 4! 

Comment BOGO if you want me to send you the link to buy!
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If you don’t already have a DōTERRA shopping account. DM me BOGO Box and where you live and I’ll send you the link to buy.

Ps. This BOGO Box is 127 PV in the US and 124 PV in Canada. If you add on one product to make the order 150 PV you’ll also get a FREE diffuser. 

If you add on Adaptiv Touch in the US or Abode in Canada you’ll get the FREE diffuser! 

Ps. All wholesale memberships are now waived so you’ll be able to shop whenever you want at 25% off in the future!
I wake up before the sun to meditate, journal and I wake up before the sun to meditate, journal and workout.
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We wake the babes and spend slow morning eating breakfast and cuddling.
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My husband and I walk the dogs when our nanny arrives so we can get morning sunlight. 
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I work a full time job in Web3 that’s lights me up. I get to build my dōTERRA business in a way that lights me up. Ps. It’s BOGO week this week and I get to partake in passion projects like publishing a book around thriving with an autoimmune disease in my spare time. 
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I get to hug my babies multiple times a day, walk or run out of my home office when the twins need me and kiss them before they go for walks or naptime. 
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Right now my time values and how I spent my day are pretty aligned. There are a few things I want to upgrade. 
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I want to get to a point where I’m working out midday. And I’d like to get down to a 3-4 day work week. 
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How do you want to spend your time?
Dear MS, I kind of forgot you existed. It’s been Dear MS,
I kind of forgot you existed.
It’s been 9 years since you showed up in my life, 4 years since I’ve experienced symptoms and I am now having my first relapse since my diagnosis. I heard you. I’m well aware you’re still around. But you’re not really my main squeeze. You’re like an ex that you think about once in a blue moon. Reminding me of all the ways I didn’t take care of myself like I can & do today. 
You brought me to my knees this morning in tears. The result of reading MRI results at 6 am. 
I’ve let myself grieve the results of the new lesions on my spine today. I’ve cried, stared into space and I’ve let myself worry. I’ve run through all the worst-case scenarios and asked Mike to provide me calming validation I would have support in case they were to ever happen because my monkey brain needs it. So tonight, I’ll run an Epsom salt bath with essential oils. I’ll plug in my phone away from our bedroom and I’ll curl up with a book and turn off the lights before 9pm. 

And tomorrow I’ll go into research mode. There is so much to learn about EBV in my B cells and how it may be reactivated and causing this flare. I read the research when it came out but I didn’t really pay attention. I consulted a naturopath who gave me a few tinctures that I never ended up finishing. 

Despite the tears and the worry. I KNOW deep down I’m going to be ok. I KNOW I will be fine. I KNOW I can take care of myself in a holistic way so that this doesn’t happen again. I have that much FAITH in my ability to heal myself. And with a healthcare team, I’ll get to the bottom of it. 

There are so many things I’m trying to heal right now. Its truly overwhelming at times… from
- Liver Support
- Iron Overload 
- EBV & B Cell Research 
- Reduce Inflammation 
- Shed PostPartum Weight
- Heal Pelvic Floor Prolapse 
- Heal Bruised Rib
- Heal Sinus Cold

I know that I have to focus on baby steps and do one thing at a time to bring back my vitality. 

I just needed to list all of the things I’m tackling so they don’t reside on a to-do list just in my brain. Ok plugging in my phone and am off to start my delicious evening routine so I can approach tomorrow feeling fresh.
One day he won’t want to cuddle with me so I’m One day he won’t want to cuddle with me so I’m soaking it in and capturing the memory
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