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The Homeschool How To
I don't claim to know anything about homeschooling, so I set out on a journey to ask the people who do! Join me as I chat with homeschoolers to discuss; "why are people homeschooling," "what are all the ways people are using to homeschool today," and ultimately, "should I homeschool my kids?"
The Homeschool How To
#106: What Should We Teach Our Kids About Crypto? | With Russ Davis
Get ready to unlock the mysteries of cryptocurrency and its impact on education as we engage with Russ Davis, a pivotal figure in Shiba Inu marketing. Discover how understanding digital currencies like Bitcoin can be as crucial for today's kids as learning about the internet was in the early 2000s. With Russ's insights, we navigate the shift from seashells to digital payments and why equipping our children with the right tools to understand these evolving financial landscapes is more important than ever.
Reflect on how far technology has come, from the days of early computers to the rise of blockchain and cryptocurrencies as game-changers in the financial world. We explore the practical applications of these digital assets, such as secure cross-border payments, and tackle the looming questions of government regulation and taxation. The conversation underscores the necessity of preparing younger generations to thrive in a rapidly changing economy.
We also venture into the world of crypto investments, comparing it to the initial skepticism surrounding credit cards. From understanding blockchain's role in safe transactions to the use of crypto debit cards for everyday purchases, this episode offers a roadmap for those considering diving into the crypto waters. We even touch on the fascination with NFTs and meme coins, spotlighting their educational value. With Russ Davis's expertise, this episode is your guide to demystifying cryptocurrency and understanding its transformative potential.
The Bitcoin Cinderella & The Spirit of Shiba Inu: The Diary of the Blockchain Adventure Series (The Bitcoin Cinderella & The Diary Of Her Blockchain Adventures - Part 1)
What is the most important thing we can teach our kids?
HOW TO HANDLE AN EMERGENCY!
This could mean life or death in some cases!
Help a child you know navigate how to handle an emergency situation with ease:
Let's Talk, Emergencies! -and don't forget The Activity Book!
The Tuttle Twins - use code Cheryl40 for 40% the age 5-11 series!
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Welcome to this week's episode of the Homeschool How-To. I'm Cheryl and I invite you to join me on my quest to find out why are people homeschooling, how do you do it, how does it differ from region to region? And should I homeschool my kids? Stick with me as I interview homeschooling families across the country to unfold the answers to each of these questions week by week. Welcome, and with us today I have Russ Davis, the creator of Shiba Inu. Is that how you go by?
Speaker 2:No, it's okay. I have to correct people almost every time. I am one of the founders. I'm the founder of marketing. A founder is not necessarily the creator. The creators are Cal and Ryoshi are the two creators. They go by anonymous names, but I am a doxed founder, meaning documented, so this is my real name, which is a blessing and a curse.
Speaker 1:So you're the one that has to take the fall or you know, who the? Hit man's running after. You're the face of it when we took those down.
Speaker 2:It's because Russ is selling. It's all my fault.
Speaker 1:Well, welcome. Thank you for joining me today. Yeah, of course, thank you for having me. So people are probably listening like, okay, this is a homeschooling podcast me. So people are probably listening like, okay, this is a homeschooling podcast. Uh, what, what does she? You have to do with homeschooling. But um, well, the back story is that you had kind of reached out because you had thanked me for speaking out against. You know the forced mandates of vaccination and I appreciate that. I love hearing from other people that are like agree with the fact that we should know what gets injected into our bodies and our children's.
Speaker 2:So thank you otherwise, how are we the land of the three if we're being told what to do and putting stuff like poison into our bodies? I've never been so sick in my life, ever since after the vaccine, so never take one again.
Speaker 1:Oh so you did all right, well, we'll get into that, but it. But because you, you are so involved with the crypto and you just stop me when I'm saying something wrong, because it really is a foreign language to me. But if we're if we're homeschooling our kids, we kind of have to be up with the times and explain to them like what's going on. That'd be like homeschooling your kids and never telling them about the internet in you know the 2000s. You beat me to it.
Speaker 2:You see, I already had like a mental list of things I wanted to talk about, and that's one of them.
Speaker 1:Yeah it's so important and because I've been spending so much time learning how to podcast, learning how to home educate our kids, learning how to what's in a vaccine, I haven't had time to look into crypto or anything about it. But it's funny because a week ago I had a conversation with friends of mine who are from Poland and they're big into it and I was like, hey, should I invest?
Speaker 1:some money in like a Roth IRA and they're sending me all these books on crypto and I'm like, guys, I can't, my brain can't take anymore. So I'm glad to have you here today. You can kind of dumb it down for us parents that just want to expose our children to what they should know in this evolving world of I wouldn't even call it money but finances. Yeah, you know and that's also.
Speaker 2:People need to stop looking so myopically at what finance is and what money is. And you know, stop looking at money through a microscope and pan out and start looking at it through a telescope, because money is whatever you want it to be. If I wanted to sell you like, for instance, one of these original, you know, cryptocurrency figurines, I mean this is worth like a thousand bucks, so you know, and so it's worth a thousand dollars, or a thousand dollars is worth that figurine? Okay, that collectible. And when it comes to money, it's.
Speaker 2:We have to understand that it's always been changing around us. What's different about crypto? The government didn't create it, so that's what's different. And so, if you really think about the transitions that we have lived through, we were, at one point, trading seashells. Then we were trading precious metals that we literally carried in pouches on our sides, then paper money, then perforated paper money, then credit cards, then digital forms of payment like PayPal and Venmo. The logical next steps are cryptocurrency and AI, artificial intelligence, and if we don't keep up with that and you don't keep your children up to it, you're going to have that kid who's 20 years old in college. That's like I don't even know what the number one currency in the world is. The only currency that is congruent on every single continent is Bitcoin and cryptocurrency Trust me, it's not going anywhere and that's a fact.
Speaker 2:It's not even an opinion anymore. And when you see people like Trump getting into, oh, we're going to back up the gold reserves with digital gold, bitcoin, all the other nations listen and they're going to do the same thing. It's going to be a thing of the past for an individual like you and I to own a full Bitcoin. That's going to be a mystery, a myth. We're not like no way. She's exaggerating because they want to control it. They need to control it, and so I think that right now, with Bitcoin being $100,000 per coin, with Bitcoin being $100,000 per coin, we will see it probably hit a million dollars within our lifetime. And because it's a finite number, it only decreases. Now you take the US dollar. If you take $100 100 years ago, that same $100 is worth $4.50 right now, a 90,. Okay. So we're talking about 95.5 percent decrease in its buying power, where bitcoin 15 years ago was worth less than a dollar. It was actually a penny. It's only going up thousands and thousands and thousands of percent what?
Speaker 1:what do you think is the next? What do you think is going to go down?
Speaker 2:no, it's not, it's just only going to go up. So you've got to start learning about this now. I can remember um in this all I tie everything into to schooling when my mom made me take uh typing classes in high school as an elective and I was like, oh, we're really gonna be using computers, because at that point all we were doing was coding. You know these green screens. I'm like I don't really give you know two whatever's about a turtle and me programming c plus two, plus you know these green screens. I'm like I don't really give you know two whatever's about a turtle and me programming c plus two, plus you know, makes this turtle go up and down. Because nobody knew what the actual scope was on, what the computer was and what the internet was. You've got um only 20 only two or three decades ago, which is all our it's in our lifetime, and we were old enough to understand what the TV is. And the TV got. You know Matt Lauer on CBS, whatever it is.
Speaker 1:But Matt Lauer saying what is?
Speaker 2:internet. You know, 30 years before that it would be crazy if you own two TVs. Come on, guys, we got to keep up with it, and that's keeping up with fun technology. That's unnecessary to our lives. It's you know. It's a unnecessary to our lives. It's not even an asset. Now you take cryptocurrency and Bitcoin and all the other different cryptocurrencies and this is an asset. This is your money, this is your life, this is your college education for your kids. This is putting food on the table. What's more important than being able to provide for your family? And providing for your family is currency. And, as I said before, start thinking about currency differently, because a baseball card is currency. Everything's a barter. The US dollar is no longer backed by gold as of the 1970s and people still play on it like. But it's the US dollar, yeah, it's the most depreciating asset on the planet. Good luck, that's fun for you. I'd rather watch paint dry than than even deal with iras and all that kind of stuff, because you're just losing money.
Speaker 1:you're losing less money than everybody else, so so what is the difference to really dumb it down between, like crypto, where does bitcoin fit in there and where does shiba inu fit into there?
Speaker 2:okay, yeah great. So, um, I will refer to. I mean, I'm not trying to name drop, but it definitely makes an impact when you hear billionaires talk about like. I've had a couple one-on-one conversations with kevin o'leary, aka mr wonderful from shark tank. He is a very smart dude for a reason and and he understands.
Speaker 2:What I understand about cryptocurrency is that we have to stop thinking about as cryptocurrency. Because I call it crypto? Because when you talk about people like yourself, you think, well, this is trying to replace the US dollar. What is it trying to do? Look, crypto is software. Ok, if you've seen XRP ripple in the news, they were the first crypto to take on the SEC and they won and they can make cross-border payments instant, within seconds and for a matter of pennies of a transaction fee. Why does that matter to me? I'm cool with a day or two for it to get there Western Union, they probably literally carry it on a wagon, you know. But the thing is it's not efficient, it's extremely expensive and it's what's called centralized. There's somebody between me trying to send you money that controls that money. The moment I give it to them, it's not my money anymore.
Speaker 2:When I donated money to Ukraine and a lot of people. A lot of us did I'm not special A lot of us did. The majority of Ukraine's donations were cryptocurrency because Russia had threatened the banks, if they were to accept money, that they were going to basically bomb them, and that's the government's control. This government cannot control so a lot over 50% I forget the exact number because it varies on what you read, but it was a dramatic percentage of all the donations that were in crypto. That way you could guarantee nobody could stop it. So that's where it comes into IRL, in real life. What's that utility? What is the purpose of this coin? And Shiba is definitely a vessel for that? Shiba allows you to give my niece cryptocurrency, you know, as a college fund. The government wants to tax me on that. That's bullshit. Tell me, if I'm allowed to swear on this.
Speaker 1:Sure, why not? I can bleep out anything.
Speaker 2:So you know, and she does some stuff with the, with your name and you owning your intellectual property and cryptocurrency, so that you can actually transfer crypto. It's mostly for you know, if someone was to die and you inherit that crypto, it gets transferred over and there's double and triple authentication so that we know that it's going to the right person and you set that up. You're setting up a will that it's going to the right person and you set that up. You're setting up a will that will transfer it without the government interfering.
Speaker 1:So is it taxed.
Speaker 2:No, no, only if you take it out as cash. Yeah.
Speaker 1:Okay, so that's when, once you transfer it to a different means.
Speaker 2:Yeah, I mean you take Kamala Harris's stance on it and we're going to tax unrealized income, for crypto is the dumbest dumbest thing I've ever heard of in my life. I can't even believe that that came out of her mouth, Because crypto goes up and down. So potentially you could be at the spike on December 31st and you have $100,000 in your portfolio and then by tax time, you pay 40%. That's what they wanted to do. So now you've got 60K, but then, by the time you're even paying your taxes, that crypto is no longer in existence because it just wasn't a good cryptocurrency. So now you've paid $40,000 and you have nothing. So you pay $40,000 for something that you don't even have anymore.
Speaker 1:When it comes to teaching my kids, I choose the Tuttle Twins curriculum because it's not just for them. I'm learning so much right alongside them. What I love is how engaging it is for kids. They take real world concepts and weave them into stories that kids can actually understand and relate to. Whether it's US history, critical thinking or even the Tuttle Twins Guide to True Conspiracies, it's all presented in a way that sticks.
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Speaker 2:So unrealized gains. That's craziness. So it's a way to transfer as an asset and keep it as an asset and you hold it and when you want to cash it up then you pay taxes on it like a normal person, like a normal investment, like real estate or this or that, but for a reasonable I mean. You can't be taxing people 40.5% and that's something that is extremely important to know. I remember how much I had to declare bankruptcy when I was 27, because my concept of money was so antiquated. My dad is a surgeon, my mom is a teacher, my grandparents were plumbers and nurses. I mean this teacher, you know, like my grandpa, we're plumbers and nurses. I mean, like this is what you got four options, you know, and I'm from a trad five background traditional finance. They don't teach us real world stuff. Okay.
Speaker 1:Not in school, no no.
Speaker 2:So here I am. I you know I get a job making a hundred grand and a year and I think I am like invincible until my taxes come. And I think I am like invincible, and so my taxes come, and then I'm just like, whoa, I'm in debt or people even. You know this is simple, probably for you and I, but the normal college kid doesn't really understand what a 28% first credit card APR looks like.
Speaker 1:20% is tremendous, right, okay, and it compiles, it's not one time, it's on like recurring, and they don't really go through that in school what a recurring debt looks like. Or even when you take a car loan, what that? Oh, it's only. I had a girl say to me one time oh, it's fine, it's only like 7% interest on a car loan. That's so small. I'm like what if you pay it once but you're paying it every month and when it compounds you're paying for the car like?
Speaker 2:what? Five times or something. It's only. It's only a matter of a couple years ago, where credit cards now put a chart and say, if you pay minimum payment, it's gonna take you 15 years and that three thousand dollar debt you you have is actually going to be paid off by eight thousand dollars by the time you pay it off, and over the course of 15 years and chances are you're going to have more debt in your 20s and 30s than $3,000 at one point. And so it just spirals out of control and I had to just stop it and learn and educate myself on everything and I realized that working my job wasn't going to get me to where I really wanted to be financially to consider myself financially free, and cryptocurrency is that option.
Speaker 2:It's the only currency that levels the playing field. No matter what color you are, no matter what gender you are, where you live in the world, you can buy Shiba Inu for 0.00002, which means it's less than one penny, which would be 0.01. So this is basically the cheapest way to potentially achieve financial freedom that you've ever had in existence of mankind, with better odds than the lottery and much more smarter investments than stocks and people will challenge me on that Nobody's going to win on that debate. If you just so happen to be a genius and you chose the top stocks, their returns annually are barely keeping up with inflation plus a couple of percentage points. That's ridiculous. You're actually profiting like 2% 3%. So to put it in a real perspective, if you have $100,000 and you gain 3%, that's $103,000.
Speaker 2:Are you really getting anywhere? I mean, guys? No, you're really not. I'm sorry to become the bearer of bad news, but you've got to diversify into. People have to be a little bit more risk tolerant, because what they say and how they invest are not equated Well, of course. I want to be a little bit more risk tolerant, because what they say and how they invest are not equated Well, of course. I want to own a timeshare here, I want a house in Myrtle Beach, I want this or that, and then you look at their investments and it's like you're never going to get there.
Speaker 2:I'm sorry, like this is. I'm good at math. That's my thing. The only thing I got going for me right now is math, and the thing is you have to understand it. So math is very important and crypto inadvertently teaches you math and how things compile and where do you need to be to achieve your goals and to me, it's the most important thing right now to start educating your children on. It should be right along the lines of history and your basic math classes, your social studies, your chemistry and your science all that. It needs to be non-elective, it needs to be mandatory, because this is typing, this is internet.
Speaker 1:Right, and that's a great comparison what you were saying before. Why do I have to take typing? Back in the 90s, when we were in school, it's like, well, yeah, I looked at it I was like, well, my mom's a secretary for the state. I don't want to be a secretary, why do I have to take typing? But little did we know. Okay, so like even for myself, like I, I kind of get it. And when you said you're buying like a software type, I think, yeah, our brains feel like we need that tangible thing, like well, what is it? Because how do I know? Somebody isn't standing behind a computer just changing the value of it to suit their own needs every day, which they're still doing with the American dollar.
Speaker 1:I mean you know like because we're no longer on the gold standard, but you know, like so, and how do you like buy milk? Or if an EMP hit and we had no more electricity, like that sort of thing. I think that's kind of what I'm. The homeschooling podcast, that's like doomsday, you know. That's what differentiates me between, like, you know, let's go to church on Sunday, it's like no, we're, we're growing food and you know, storing it in the bunker. Love it?
Speaker 2:No, I love it, I love it, I love it. And when it comes to yeah, a total apocalypse, then you know what Currency is going to be? A lot different than paper money too.
Speaker 1:It's going to be like your cow and your chickens Exactly so yeah, odds of that.
Speaker 2:I think that if we're an apocalypse and we don't have any electricity, um, I don't think the humans are surviving that anyways, yeah, so a lot of them are not you're right, but if you're surviving in a bunker, I don't think you're bartering with outside sources. So, um, that's true, I mean it's like that. It's like that show silo on Apple TV. It kind of brings up that kind of doomsday stuff, but that is also. You know, oh, I can't hold it. Yeah, you're holding a credit card. You're not holding money either.
Speaker 1:Well, and that's true. So what are the parallels there? Because I'm thinking back to like I was born in 84. So in credit cards, like we really didn't have them a lot growing up. Or if you did, it was like my mom was like putting something on layaway, Like people remember that you know she wasn't putting it on her credit card.
Speaker 1:I don't even know what the credit card was for, but you bought gas with cash. You went in and paid cash for it, so I can imagine that as we turned into like the credit card era, it was the same thing. These people are like how do I know that my $50 is, you know, really going to be there when I tell the bank to send it to Visa? That's really happening and they're being honest. So can you compare the that?
Speaker 2:with crypto. I can compare it to probably better than most people because I own a credit card processing company and so I know all about how it works. And you think about and I know all the stats and all the like in this year, how many people processed and the percentage of people that use checks and this and that Back in the day you use checks and cash. Now, fast forward, not a whole lot.
Speaker 2:We're not talking about a hundred years ago. We're talking about a decade, 10, 20 years now. It's all credit cards, it's sky miles and it's rewards points and it's all. Every commercial, every other commercial, is credit cards, and the thing is that that's crypto right now, in the infantile stage, and you know what you're gonna need to learn it. It's just a matter of when.
Speaker 2:And you know, stop with the. Oh, it's not tangible. Nothing. You spend your money. As tangible when you go on the computer is your keyboard the currency. No, you're transferring money from your account. Everything's online anyways. Okay, it just so happens that that's where everything is, and then you don't have middlemen.
Speaker 2:So there's a thing called the blockchain. The blockchain is a decentralized, nobody controls it ledger. Just like you would be balancing your checkbook back in the day, it balances everything for you. You have a registered ID and an address and it says all the transactions that you've ever done under that, under a website called etherscanio, and that is the decentralized bank records of every single person in the world that's ever dealt with cryptocurrency. So things are transparent. They cannot be hacked, because, in order for me to send you a transaction, it's computers that are actually verifying the truth behind me. Wanting to send you this crypto and it's way beyond what they can do in a minute would take more than a lifetime of one person to figure out on their own. It's not something you can do by hand. So the computers work on what's called mining, just kind of like mined gold. So it's a plan words. They're mining these transactions. They get a small portion, like you know, a little penny here and there, sometimes bigger depending on how big the transaction is. But everything's verified, it's 100% safe and it is unhackable because nobody controls it. So if I send you money from my TV bank to your Bank of America and there's one sketchy person in between, then we don't see the money and then they just blame it and the FDIC takes care of it or whatever. But if it's crypto and I send you money, nobody can stop it. You're going to receive it and it's very quick.
Speaker 2:And to go back to your spending point, I have a cryptocom debit card. It's free to receive. You just sign up on cryptocom, you get a debit card and then, just like you would transfer money through Zelle or PayPal or Venmo, you go onto your crypto account and you say I want to deposit Shiba or Dogecoin, or Bitcoin or Ethereum. You select one, you transfer it. Now your debit card says new balance $1,000. And I tap it on whatever it is a credit card. Your debit card says new balance one thousand dollars, and I I tap it on whatever it is a credit card, a debit card it works the exact same. You, as the merchant, do not know that I was actually converting cryptocurrency because my cryptocom company takes care of that conversion in less than 0.01 seconds and just like a a debit card. You tap it and it goes bing, you know. And then you take the product, whether it's online or in person. So we are actually already spending tons of crypto in the retail markets.
Speaker 1:Wow, I had no idea.
Speaker 2:So, like I could go, I could get this card and go to the store, or go on Amazon even and use it, of course anywhere, anywhere that accepts debit cards, or any place in the planet on the planet that accepts debit cards actually accepts crypto, whether they know it or not.
Speaker 1:That's so interesting, okay, so so when you think long-term, you know, okay, I have $10,000 sitting in a bank account, not like most people, probably don't even have that, but um, but if it's just sitting in a bank account growing nothing, do you? Is that something you should be putting in like a crypto account, or I'll let you know what my line of questioning is.
Speaker 2:When I'm consulting with I, I do a lot of celebrities and high net worth individuals like millions, billions, even some of my clients, and so A what is your risk tolerance from a one to 10? Are you one risk averse, meaning I'm not risky? I, you know like, I just want, I don't, I don't, I don't trust anything.
Speaker 1:Right, this is all I have. I need it. Yeah totally, and I've been there. Like I said, I had to declare bankruptcy.
Speaker 2:It was like I can't afford to be. My mind and my money are not on the same level. And then there's a 10, which you know some people are just like, look, I'm not going to, I'm not going to make it, doing this, I you know, either whether it's a you didn't get a college degree or you just never found your passion and you're just, you're a job that is just not really going to get you where you need to be. But I want to be financially free, and so your risk tolerance might be a lot higher. But so we gauge it from there. Now, for the risk averse people, then I'm going to stack your portfolio, your crypto portfolio, with more Bitcoin, which is safer and more like consistently growing, and Ethereum and Ethereum. And then your next layer of, like your mid range, your, your, your four to seven out of 10 range, would be your Shibas. You might even put like oh, actually, xlm, which goes by the name Stellar Lumens, is a cryptocurrency run by a lot of people that used to work for Microsoft. Very smart company, xrp, ripple. It's got a cult following because they took down the SEC and that was a monumental I mean, that is a monumental case right there crypto versus the SEC. And then you've got some you know, these other stable coins, like Avalanche is a blockchain $21 billion company, and so that's something that I would graph towards what your personality is.
Speaker 2:And then we start talking about how much can you afford to invest? Just like the stock market, it's still a gamble. It's a lot more volatile than the stock market, but your gains are going to be a lot more and your losses can be more. But you got to look at it long term. So what is your long-term? Is your long-term six months or is your long-term five years? And then, what are you trying to achieve?
Speaker 2:What in crypto, people say when Lambo, which is a term say when am I going to get a Lambo? Cause all these people always they hear stories I put in a hundred dollars and I bought a lamborghini within you know, like a month. So it's it's a term called when lambo. Um, but lambo lambo is an interpretation. Your lambo you need to figure out what it is. Is it being able to buy starbucks without looking at your bank account? Is it? Uh? Your lambo might be putting food on the table. Your lambo might be paying for cancer treatment. Your lambo could be paying for in vitro. It could be paying for your divorce. It could be having setting up a college. You know a, a trust fund for this. What, when is what is your Lambo? That is the question as well, and then I'll curate the perfect portfolio for you.
Speaker 1:Okay, so these are basically like investing in the stocks. So it okay, so these are basically like investing in the stocks. So it's like okay, you can invest in amazon or you can invest in I don't know whatever else, so so that's how you can kind of think of like shiba inu's place in crypto and bitcoin's place in crypto. Like, so bitcoin is the same, it's just that happens to be the one that everybody like knows um yeah, and it's also.
Speaker 2:You know, bitcoin has a a total supply that can never be increased of 21 million coins um, who's determines that?
Speaker 2:okay, so the guy who created it. His online screen name is satoshi nakamoto. Um, nobody knows whose real identity is. Nobody even knows if he's still alive.
Speaker 2:Um, but when you, when you put, see, when you put in codes, you have the ability to um renounce them. Renouncing is locking them and you don't, you don't have keys to get back in, so you can't go back and change your mind. If you renounce a tokens or a coin, um, I'm not, I won't get in the differences, but let's just say, any coins coding, you can't just change your mind and say, well, now I want this or that to happen and I want to increase supply, you'd have to come up with a different one. So, bitcoin being $21 million, which the final ones being released will be it's based on transaction volume, so it'll be probably within the next 20 years, and then they'll all be in circulation. $1 million is still held under the account for satoshi nakamoto, so now you've got 20.
Speaker 2:Then, when you sign up for a cryptocurrency, uh wallet online that holds your different coins, you have what's called a seed phrase or a passphrase, which is a sequence of 12 words in order, and as long as you're signed into your account, you can always go into your security section. Hey, let me, let me see my passcode again and you write it down. You put it in a safe somewhere, because if you lost your phone like I've lost my phone in the ocean before and then you'd have to sign back in with that passcode, you've lost it forever. If you don't know, because it's not held on a server somewhere, because there's no person in between you and your money. You control the keys. Wow.
Speaker 1:So there's probably so many that people lost the PESC.
Speaker 2:So, if you think about it, I've been in crypto for 10 years, so I'm considered one of the OGs, and we like my friends that are also OGs we've come to the conclusion that there's probably only about 12 to 13 million Bitcoins still left on the planet.
Speaker 1:And this was out of how many? 21 million.
Speaker 2:Yeah, because only 19 million right now are in circulation. The other two would be distributed over the next 20 years. One and then one million. Of that, 19 is satoshi's, which he's I don't think he's alive, but he's never going to touch it because he's. That's to prove his point. Um, and so then you've got 13, let's say 13 million. You've got 58 million millionaires on the planet, meaning if every millionaire on the planet wanted to own Bitcoin, there would only be enough for them to own less than one third of one Bitcoin. That's math, hey everyone.
Speaker 1:This is Cheryl. I want to thank you so much for checking out the podcast. I'm going to keep this short and sweet because I know your time is valuable. I want to ask you a serious question Do your kids know what to do to actually save their life in an emergency? The most important thing we can talk to our kids about is knowing their first and last name, knowing mom and dad's first and last name, mom's phone number, dad's phone number, their address, what to do if they get lost, what to do if someone who's watching them has a heart attack, a stroke, an accident, where they fall and your child needs to get help. We live in a world where there's no landline phones anymore, basically, and cell phones lock. Does your child know how to call 911 from a locked cell phone? It is absolutely possible, and my book demonstrates how to do that, whether it's an Android, whether it's an iPhone and, most importantly, it starts the conversation, because I was going through homeschooling curriculum with my kids, realizing that, gee, maybe they skim over this stuff, but they don't get into depth, so my child's not going to remember this should an accident occur, right? I asked a couple of teachers what they do in school and they said they really don't do anything either other than talk about what to do in a fire during the month of October, fire prevention month. So I wrote a book because this month of October fire prevention month. So I wrote a book because this is near and dear to my heart.
Speaker 1:I have had multiple friends that have lost kids in tragedies and I don't want to see it happen again if it doesn't have to. We were at the fair over the summer and the first thing I said to my son when we walked through that gate was what's my first and last name? What is your first and last name? And what is my first and last name? What is your first and last name and what is my phone number? And if you get lost, what are you going to do? You can get my book on Amazon and I will put the link in my show's description Again. It's called let's Talk Emergencies and I really hope you'll check it out because there's just no need to be scared when you can choose prepared.
Speaker 2:When you think about it like that, you want to get some. It doesn't matter what price it is. You've got to think of percentages and the percentages are only going to go up.
Speaker 1:It is so true it's like well, what is it? I don't care, there's only a limited amount, let's get some.
Speaker 2:That is so funny and you know and I'm scientific about a lot of this because if you ask somebody to explain the US dollar, okay, so there's trillions being made every year it decreases in value every year. Less and less places accept it. Let's see, it says separation of church and state, but it's got a lot of stuff that's very churchy on the backs of the dollar bills. It doesn't make any sense and if you need more of it, your country just makes more of it. What in the how is that even successful? So we have to stop being. You know, and I love you. You obviously think outside the box. You're about homeschooling. You got to think outside the box and I'm sorry, but the government can't be trusted for everything, okay, nothing.
Speaker 1:pretty much, my, my followers would probably say for nothing. I was about to say that, but I don't know. I would agree with you on a lot of that. Yeah, yeah, no, I don't even think they work for us anymore. So I would think they would like to see our downfall more than anything.
Speaker 2:Yeah, and you know what, being one of the leaders in the entire industry for cryptocurrency, I have the luxury or ability, I don't know to hang out with people that have a lot of power, and it just gets more and more corrupt. The more people I hang out with people that have a lot of power and it just gets more and more corrupt the more people I hang out with, I'm like, oh my gosh, like I'm hearing you guys talk about this and it's like they don't give a shit about people, like it's it's really messed up you know.
Speaker 1:So yeah, yeah, I think yes, my eyes opened up to it. I was one of the, you know, traditional people. I worked for the government. Um, you know, just new y York state going to work every day. Okay, can't wait for my pension, can't wait for my pension, just cause they tell me that's what I should be excited about. Nobody gets a pension anymore. You're so lucky, you're going to get a pension. So I'm like, oh cool, I'm one of the lucky ones. And then every day you're just going through this rat race of like rushing off to work, sitting in a cubicle for eight hours and then rushing home. And then when I had kids, you know, it was like, oh geez, I'm rushing off to get him to daycare so that I can sit in a cubicle and he can sit in someone's living room all day. And and then the masking thing happened. In New York, cuomo was making three year olds mask and my husband and I were like hell no you're not putting something over our kid's face.
Speaker 2:So that was our.
Speaker 1:My opening into oh my God, could I actually homeschool? We're not like, we don't whittle, we don't sew, I don't know what you know. I was like let's turn your own butter. I get it, it's fine. Well, pretty soon I might be if, if we can get a cow Well, we do have chickens now, so it's so funny. But I didn't come from this background at all, so it's like, yes, as I started looking into things, I was like, wow, the government really does not have our back. And obviously, like you were mentioning in the beginning, the COVID shots. And then you get into looking at all the other shots and you're like, Jesus, you people never tested this. You never tested it at all. What are you talking?
Speaker 2:about, and so I was talking about a little bit about my parents' background, so my dad being a surgeon, and so he he's. I know because I was in the medical field that you're supposed to be doing six year studies on these drugs and now all of a sudden this new virus that we've never heard of, never didn't invent, and we've got it in three months and it's pfizer and johnson, multi-trillion dollar companies. Great, that makes sense. And if you, if you drink, if you smoke, if you're above a certain age.
Speaker 1:If you're above a certain weight.
Speaker 2:It might, might not work for you. My parents have never drank, never smoked. They are in the best shape, much better shape than all of us are in, and they are of normal age and they got COVID more than once by taking the vaccines. I had to take the vaccine for travel, for work, or I was going to lose my own job working for myself and have to figure something out. So it's all bullshit. I'm just sorry it is and, um, I'm, I will never take it again because it's not. That's not, that's not your decision to make for my body.
Speaker 1:Well and yes, and that's how it started. And then you really start to look at the rest of the schedule which, even having when my son was born, I, oh, you take them to the pediatrician. Well, they know what they're doing, they went to school, they care about your child, right, Well, so I did everything. But after COVID I was like, well, what else? Like how do you do a normal vaccine study? And so then I started really looking into all the rest of them. I was like shocked at just the little like our government regulatory agencies are supposed to be there to protect us, the people, and they're not. They're actually protecting the Pfizer's, the Johnson and Johnson we're. We're not even allowed to sue Pfizer, Exactly. So I know Right.
Speaker 2:Now bear with me on this. It might take a second to figure out where the heck I'm going with it, but you know, when you said that about doctors, it immediately brought up something in my mind. And those doctors are experts at what they were given and the facts that they were given. And we talk about nutrition and my mom's a nutritionist. Okay, so that's what she teaches is, you know, what to eat, what not to eat? But everything that she researches is based on what you know, what these companies are telling her facts. And she has come full circle and said well, back in the day, this was supposed to be what it was. Now, here's the root of it. Don't put me on the dates. I want to say it was the 50s. But whenever the Food and Drug Administration was invented, the government said who's going to control it? And General Mills looked at each other and said we'll do it. We'll even create a food pyramid, with our highest profit products being the most of what you should eat and drink and consume.
Speaker 2:So they invented the food pyramid, which just got changed to a circle, but the thing is, everyone's been studying that nutrition and this and this is Western, you know, like medicine and or this medicine, and it's basically on what people have invented and people are telling them is true, it's not. It's not a law, it's not 100 percent, and so that's why these people are ignorant a lot of the times. And then you also have to take into consideration the difference between a doctor that graduates medical school with a 99 percentile and the doctor with a 71 percentile is nothing. They both put their degrees on their walls, so you've got to get second and third opinions. You got to D-Y-O-R. Do your own research when it comes to nutrition, when it comes to cryptocurrency and investments, when it comes to cryptocurrency and investments.
Speaker 2:And then there's people like me who I've made a living off of this crypto business, on just being someone who you know you can trust, which is the number one rule is don't go for the easiest, cheapest and loudest person in the room Sounds like a used car salesman and after being in this industry for 10 years and everything's on the blockchain.
Speaker 2:Everything is on this ledger that says Rust has actually never cheated anybody out of money. I think you can trust me at this point. So you use people that are experts in their field and you know what. Get another opinion other than mine too, because someone might have much better research on XRP than I do and they might be into the biomedical cryptocurrencies and I might be more focused on the ones that have like real world utility and get you like discounts at restaurants and clubs just for owning their, their NFT collection, like they're like their digital, like again a digital asset. But again, there's so much we could talk about when it comes to that, always get a second opinion. Unless you're talking to me, I'm the only person you need to talk to, just kidding, and but but yeah, you know, you got to gather and do your own research on a lot of this.
Speaker 1:Yeah, where do people like even start to research? Are there courses? Are there things like should? Is this something? Are there courses on? Are there things like should? Is this something? Other courses on cryptocurrency that we can offer our kids or ourselves?
Speaker 2:You know, for me, I found that when I when I've dabbled and paid to see what these guys are talking about, most of it is BS and most of it is very you know, and you've just got to, you've got to research reviews and see what people are saying about it.
Speaker 1:And that would be like a review on that, like a Shiba Inu or a Bitcoin, yeah, but don't look at reviews on specific coins.
Speaker 2:Reviews on coins are completely objective to that person. If someone lost a lot of money on Shiba because they bought it at the top right now it's down at the moment, even though it'll most likely, in my opinion, be much higher than what the current all-time high is People are like, oh, that's the worst project in the world. And then you've got these really dumb coins, which there's a lot of dumb ones that have no purpose whatsoever. It's just a fact. Um, that they're like this is the best point ever, because they're just trying to promote it, you know.
Speaker 1:But um, yeah, when I was talking to my polish friends, they were trying to explain that to me and they're like, yeah, there's a coin, um, with the what. What's that damn like? Is it a rabbit or no? The frog that went back, um, yes, back with the whole what was that stupid thing called trump? And people were q like at the pepe frog. So that's like a coin that people will buy.
Speaker 2:It's a coin and it's uh but it's not a physical coin that gets sent to you and you put in your wallet again. Nothing is physical when it comes to that, unless you are going through. One of the companies that I'm one of the owners of is called Shibacles Shiba Physicals. So let's say you own an NFT, nfts this is a whole other segment for us because I only have a couple more minutes before I go. But let's do a segment on NFTs and actually show why. Show why people spend 90 000 on the picture of a penguin called a pudgy penguin or uh well, that's because hunter biden painted it, and there's, there's probably drugs behind it or something.
Speaker 1:He painted it with a white sun.
Speaker 2:Okay, that's not for kids. Um. So, uh, because nfts are all about um, monetization and nil, the name and likeness self-monetization. So when you own an nft, you own all the rights to it and there are like it's like owning a piece of art uh, it's all registered under a registry and same with nfts. So an nft might be of this guy right here.
Speaker 2:So, um, this is shaitoytoshi, the guy who's in charge of Shiba, but this was a digital image. So now we've made it into a, not just a toy, but a collectible, and you can take your phone out, put it on your camera and, like you would a QR code, it will register the chip that's embedded in that and send you to a website or send you a discount code or send you alpha information on the project, and we can change that so they can go to a different site every five minutes, every hour, every day, every week, every month, and so it's incorporating physicals into digital technology and it's a hybrid. And now you can sell these. If I'm Shytoshi and I can sell you these for 80 bucks a piece.
Speaker 1:I mean this one goes for a lot more.
Speaker 2:This is the original prototype. It's probably worth thousands of dollars, you know. But the thing is we can make like Russ the rapper he made. We put them in the bubble like the GI Joes. Come in that little bubble packaging and for us you, you know our cost to make from what we were selling them at a hundred dollars a piece, nice profit margin. Within, uh, one day we were finding that they had already sold, not being listed. That's a whole different. You know, that's not real. What? What were they selling for eight hundred dollars a piece?
Speaker 2:Because people are fanatics about russell rapper. People are fanatics about Russell Rapper. People are fanatics about Britney Spears or what I mean. If people are fanatics about Hunter Biden, then you know you've got him in whiteface. I don't know. They probably paid thousands of dollars for this.
Speaker 2:So that's monetization of your NFT, and now nobody can copy that. So it's all about how can you turn this into your own business, and so that's stuff I do with my InRustWeTrust brand. So for my InRustWeTrust, like you can go to wwwInRustWeTrustCryptocom and I do one-on-one consulting. It's not financial advice, I'm just going to say look, here's what I know, here's my portfolio, based on all your risk tolerance and what you can afford to gamble with and invest in and your timeframes, and that this is what I would do Take it or leave it. You're not paying me money to invest for you. I'm not controlling your portfolio, but that's how I'm self-monetizing myself with the knowledge that I have on cryptocurrency, and then that's what I do for my non-Shiba products, because we don't do cross-pollination with Shiba and my stuff. They're completely different companies, but I am one of the head marketers for Shiba Inu and a part owner of Shibacles, which is an official partner of Shiba, and I run a lot of projects.
Speaker 2:There's a lot of us that run these projects, and all of us have different sets of knowledge, and self-monetization is really where people succeed when the market's down, and so I can teach you, I can teach anybody how to make money in crypto even when the market's down. Again, we can do a bunch of a bunch of these podcasts. Uh, I think I was telling you probably off off air. This is my fifth podcast of the day. It's a little bit aggressive, but that's the day after Christmas, and so they're like well, we gave Russ a day off, even though they really didn't, uh. So now everyone's like oh, let's get them immediately. But um yeah, so plenty to talk about. Um, about, if you feel like having me back.
Speaker 1:Absolutely, and I will put your information in the show's description so people can you know, just click on the link. They don't have to remember the website that you said and check that out. I also want to point out a book that you have been a part of the Bitcoin Cinderella and the Spirit of Shibu Inu, the Diary of the Blockchain Adventure Series. So this is book three out of four the Bitcoin Cinderella and the Spirit of Shibu Inu.
Speaker 1:In this enchanting adventure, bitcoin Cinderella and her loyal Shibu Inu puppy, shibit, begin their journey in the mystical mountains of Japan. They are soon transported to the land of Connect, where they meet Farmer Russ Neo and a group of farm animals, all working together to create a thriving community based on a token economy. In Connect, bitcoin Cinderella also meets the wise Shibu Inu and learns the inspiring history of the Shibu Inu community. Guided by visionary leaders Shytoshi and Ryoshi, these leaders are devoted to building a truly decentralized, token-based community where collaboration and innovation drive the future. This magical story introduces readers to the fascinating world of digital assets while celebrating the power of community and the spirit of decentralization. This book is written for all ages, families and professionals to enjoy, so I will link that in the show's description for anyone to check out. I highly suggest it.
Speaker 2:You can see some of my early interviews which I can't watch. I cringe at them. But, like I've been on Fox news, cnn, nbc, cnbc if I didn't say that Benzinga and I can't even count the amount of podcasts I actually just put one on my assistant's tour today and said, look, I looked at the website and we're missing like a hundred. So my podcast. So go, go, go, gather that information. So cause, we're about to revamp the website. But you know, I can at least substantiate what you know, that the networks trust me, and that's for a reason, because I really do want people, I want to help people out, I want you to understand the future before it's completely here, and I'll leave you with this one, uh, very mind-blowing stat. The question I get is am I too late? Seven, seven percent of the world population owns a cryptocurrency wallet. 93 have not adopted cryptocurrency and are not educated and do not own one coin. That is not saturation if 93 have already adopted.
Speaker 2:You've missed out on a lot of projects. Get in now. In my opinion it will pay off. All Trust me. I've got plenty of success stories and testimonials and all that kind of stuff, and this is just the start.
Speaker 1:So, and just to summarize kind of what you said, we can get in as a long-term investment, but there's also short-term use versus using your Visa card, using your MasterCard, you know Okay. So there's like two levels. It can be the everyday debit card, but it can be your stock market. You know. 401k kind of investment, yeah, and the more you invest in some of these certain coins.
Speaker 2:You know we get 2% back for, for you know when, when we spend money on our airline, or three percent back at the grocery store. Some of these crypto cards are giving 10 back in in their native token and when that token goes up you, you're, you're up so much because you're compiling so many free tokens by just using your debit card and saying, yeah, I want to, I want to, you know Crow, the cryptocom coin or Shiba, and you get incentivized like five times more than for using a traditional credit card.
Speaker 1:Oh wow, awesome Russ, thank you so much for joining us today. This has been a wealth of information that is definitely needed. I know it's a lot.
Speaker 2:But thank you so much for having me and we'll do it again and we'll tackle like one thing at a time. This was like a nice fast, but you know. Good overview of a lot of different subjects that I could. Like I said, I could teach an entire semester about just NFTs and teach them that you know your your spring semester on just meme coins.
Speaker 1:So you might need you to do that. Our kids and us are in need. Thank you for tuning into this week's episode of the homeschool how to. If you've enjoyed what you heard and you'd like to contribute to the show, please consider leaving a small tip using the link in my show's description. Or, if you'd rather, please use the link in the description to share this podcast with a friend or on your favorite homeschool group Facebook page. Any effort to help us keep the podcast going is greatly appreciated. Thank you for tuning in and for your love of the next generation.