Cybersecurity and Bitcoin, BTC, Ethereum, ETH, Doge, Siacoin, Cardano, ADA

This is Encrypted Ambition, a podcast about the builders rewriting the rules. Join Petronella Technology Group as we decode the ideas, challenges, and momentum behind tomorrow's business, technology, and leadership breakthroughs. Hi, everybody! Welcome to another podcast episode. It is May seventh.

Twenty Twenty One. We're going to talk about cryptocurrency and cybersecurity today. We have DJ, Blake, and Aaron. Hello. All right, DJ, do you want to lead with EOS and ADA? So sure. So.

So, this week on the cryptocurrency market, there's a couple of like interesting things happening. So, Bitcoin is kind of confusing everyone because it's kind of defying normal technical analysis and not following like expected patterns. So, there's been some confusion on Bitcoin recently. It's just kind of ranging, hovering at the same place.

High fifties, fifty thousands. So, what kind of what the emerging theory is is that you know we are more in an altcoin season where the Bitcoin dominance level, which is in relation to the altcoins, like how much of the cryptocurrency market you know belongs to Bitcoin versus all the other coins, which collectively are called altcoins.

So the Bitcoin dominance level has is kind of allowing for the altcoins to some of them break out of you know current patterns and and see some pretty significant gains. So so far this week we've been watching Cardano, which the ticker is ADA for that.

And then we've also been watching EOS, EOS, and that blockchain is the EOSIO blockchain. So the coin is EOS. So those two have been doing quite well this week, especially EOS, huge gains yesterday. And then Cardano is expected to be the the next huge gainer. So I guess there's a lot of room for that one to grow, and it's a.

Similar blockchain to Ethereum, so it's like a a blockchain where a bunch of DeFi apps, decentralized finance apps, are built on. So some people consider the Cardano blockchain to be a rival to the Ethereum blockchain, simply because it does the same thing. And I think Craig, you mentioned that I think one of the founders of Ethereum also went and founded Cardano. I think he said, "Yeah, that that's true." And I just want to add one thing to our listeners.

Obviously, this discussion is in no way, shape, or form, advice or financial advice in any way. This is just our interpretation of the market, and everybody is entering at their own risks. Yeah, and so, so it's quite a volatile market right now. And there's the kind of opinions seem to be like usually they're more, from what I gather, they're more aligned. And right now, it's looking like more of a rift, like fifty-fifty, like.

Some people are thinking it's going this way, and some people are thinking it's going that way, and some people are giving up on Bitcoin because it's ranging. But I think that overall, it looks like Bitcoin's pretty healthy, and it's given the altcoins an opportunity to, you know, kind of mature a bit. So, so it's very exciting times for cryptocurrency.

Agreed. Yeah, I think I think we we briefly talked about this yesterday, BJ. I think what's happening also is, obviously, Bitcoin is you know the the most popular, right? It's the most expensive at the moment, and it's because of the fixed supply. Yeah. And well, it's because I think it's because of more than that too, though, Craig. I think it's the fixed supply, which is number one.

Like, because there's 21 million Bitcoin that can ever be produced, and you know, I think we're at around 19 million in circulation right now. And a lot of those 19 million are in cold storage, you know, like wallets, like how you store your Bitcoin. And so they're not they're not like liquid, and they're not moving. And so it does create like a supply and demand thing. But I think even more than that, there's like there's been more adoption of Bitcoin. You know, more people understand it. With the altcoins, a lot of them are.

More in the shadows, still, you know, and especially like the the even people who create or trade these altcoins, um, don't necessarily look into the technology behind them, you know. So, but a lot of the and so you have a lot of technology that's like emerging tech, that's like really brilliant ideas, and with um, like some like developers that will just probably blow your mind the quality of things they're putting out on these um on these altcoin blockchains.

So that's worth talking about as well. Like the the quality is not; they're not as adopted yet as Bitcoin. So the value on that is obviously, you know, quite a bit higher. But I think there's potential for some of these altcoins. You know, Bitcoin was created as a currency, as a you know, the whole. If you look at the Bitcoin white paper, it's it's to create a peer to peer trustless payment system. So that's the purpose, you know, of that blockchain. But the other blockchains have.

They have, you know, set goals as well, and some of them are quite quite interesting. So, you know, yes, you can trade them on the market, but some of them, like the potential there for future growth, is is is worth looking into. What are some ones that? Since I'm not really familiar with all the the, I'm not as into the cryptos as you guys are. What are ones that?

That maybe some of our listeners should look out for, possibly. Well, before we get into that, I just want to comment one last thing on what BJ said. So, roughly twenty-one million supply, fixed supply, meaning no more will be minted or created. The other issue, though, is a lot of people have lost their passwords and vaporized their holdings. Yeah, you don't.

We don't really know how much is left. My point is that the reason why Bitcoin is is the leader and first to market. Of course, it's going to be the most popular because it was first to market. But it's such a big disruptor and it's a big, you know, store of value. But and it's truly supply and demand. There's no manipulation by a government or third party.

My point in in saying that is, we think that it's nineteen million left or whatever it is. Yeah, true. That's a good. It's actually a lot less than that, and nobody truly knows. That's a very good point. There's people that, like, I was talking to a colleague this morning.

We look at we have Blake. Blake's on the here right now. Blake's missing ten Bitcoin. Look, there's a perfect example. Yep. And then we, you know, I was talking to a colleague this morning, and he said, "I don't know what my password." I'm like, "Oh my gosh!" If you forgot your password, you just lost all your money. So, you know, people have to take cybersecurity around this super seriously because I think that it's going to be a lot, lot lower than 19 million. But to go back to.

That's a really good point. I hadn't thought about that, but that's a you know what, Craig. That's a huge point actually, because if you think back to like the days where like the Blakes of the world were buying in very early, like they did not yet understand how big this would be, and so there was a lot of laxadysical password remembering, you know, because it wasn't that big of a deal. So maybe a lot of the early adapters that bought the bitcoins when they were fifty cents and stuff, you know, who knows how much of that is still around? You're right.

Yep. So, so that's why Bitcoin will probably be the dominant coin, and because of that, true supply and demand factor. However, like what BJ said, there are good reasons and bad reasons to use Bitcoin. I mean, Bitcoin is not the best or fastest transfer. It takes a long time to transfer, so it's really not. You're not going to want to buy coffee. Scalable, yeah. So it's a, it's a. I think you're right. So I think what I see with this market with the crypto, if you like, back up and kind of.

Take a bird's eye view. Is that like Bitcoin was the disruptor? You know, like Bitcoin, like something brand new was introduced to the world, and it was blockchain technology. You know, like we didn't we didn't have it before, and so now, like this blockchain technology has truly changed the way that payments and money can transfer between hands.

But that's just that was just the disruptive part. Like that was just the introduction to the world, you know. But now that Bitcoin's like it's fearfully adopted and understood by at least a small percentage of the population, so now these altcoin blockchains, some of them are just taking the blockchain concept.

And building it into something just like far bigger than than what the original concept was, you know. And that's fine. That's probably that's that was what you know Bitcoin was meant to disrupt and introduce this idea to the market. But now these altcoins, I mean, they're building things that on these blockchains that are just like wow, you know. Yeah. Well, you know, starting with the most popular altcoin and.

By the way, any coin other than Bitcoin is called an altcoin. Like BJ said earlier, the the Ethereum blockchain or the Ethereum latest ETH coin is the ticker, which is the latest version. The older one was ETC or Ethereum Classic, but ETH is the the one that's that's kind of going crazy right now. Anyway, there's a lot of ERC twenty.

Tokens based on Ethereum, and you've probably heard of what's called NFT or non-fungible tokens. Now that are being really made popular with the art and music industries at the moment. The NFT stuff is going nuts because it's a way to prove, like, so say, like BJ went or Blake wanted to buy a Picasso painting, an original art.

You can get a non-fungible token that basically proves on the blockchain that BJ or Blake bought that piece of art, and that it's in the the actual artwork is embedded into the blockchain with your identity, so that it's bound to you. Yeah, and that's the main definition of a non-fungible token. Just so people understand, like it's just something that makes that token like.

It's is not interchangeable with any other token now. It's now unique. It's stamped with something, and it's it's personalized for you. And it's no longer an anonymous interchangeable token. That's right. Yeah. So, so obviously, blockchain is a great use case for proving ownership of something, and that's why that's that's pretty hot right now. But the the point that I'm making there is that it's all almost all of that.

NFT stuff is based on the Ethereum network, which is another great use case for using or or for potentially holding some Ethereum because the the the price will most likely go up. Now, the problem with Ethereum is that the supply is a lot more than nineteen million, so.

That's an issue. However, they so let me interject one thing there because that's an interesting issue, and what's happening with that issue right now is interesting to watch. Because you're absolutely right that there's not a supply demand natural crisis with Ethereum like there is with Bitcoin, but due to the fact that right now there's a huge project underway called the Ethereum 2.0 upgrade.

And due to that project, and I'm on the website for Ethereum.org, and they just just to quickly say what it is: the Eth2 update is a set of interconnected upgrades that will make Ethereum more scalable, more secure, and more sustainable. So it's a set of upgrades that are all being done together, like in an interconnected way. And what's happened is, so the Ethereum community, the community of Ethereum holders.

Believes very strongly in the the two point oh upgrade. So what they've done is a lot of them, a lot of them have staked their Ethereum, which means that they don't touch it. They commit to staking it to support the project, the building of the two point oh upgrade. And because such a large number of Ethereum has been staked towards the two point oh upgrade, like I staked some myself personally.

Because so much has been staked, there actually is a supply-demand crisis now. A lot of the Ethereum, well, the Ethereum coin right now is considered deflationary at this moment due to that fact. So it's interesting; it was not an issue previously, but due to the community banding together and and not spending their Ethereum because they're supporting the upgrade, it actually is an issue now, and that's part of what's been driving the price recently on Ethereum.

Yeah, well said. One thing I just want to talk about staking. So, staking you can you can put you can stake a coin, like BJ was saying, but it's it's kind of locked. You can't then sell it. You have to stake it for the period of time that it's kind of like a contract. You are staking or not touching it for a period of time, kind of like a CD with your bank. You know, you can put money away with the bank.

And get a you know an interest or APR back for that that's that locking up or staking. Got to be careful with staking though. I have mixed thoughts on staking because I I don't like when things are trapped in places because yeah you know obviously this market is very volatile and if you know if for for whatever reason it might be unlikely but if for whatever reason Ethereum drops to.

Six hundred dollars, you know, a token. You're trapped. You can't sell. You're stuck in that contract. So that those are risks that you have to accept. That's right. And typically, when people are staking, it's more like I kind of look at the market entering the cryptocurrency market kind of in layers. So you know, at layer one, you're just.

Brand new, and you're just buying coins, and you're usually like trying to buy some Bitcoin and maybe some Ethereum. And as you get more involved into the cryptocurrency, kind of evolves, you know. And then as you start learning the the technology behind some of the the blockchains, then you start, um, you know, actually wanting to support it because you know some of it is quite promising. And so when enough people do that, I think it kind of it helps with the problem you're describing because there's enough belief put into these ideas and support behind it that.

The risk of them flopping, while there is so much support, you know, underlying them, is is probably fairly low. Yeah, I just I just wanted to make the point, though. Like if you if you've got ten thousand dollars worth of crypto holdings, you may not want to put ten thousand dollars in. Oh no, yeah, I would, yeah.

Yeah, everybody's everybody's risk tolerance different, but you know, just kind of caution and think about that exactly. But it's interesting to watch the unexpected, you know, the unexpected effects of certain human behaviors. You know, because like Ethereum always had a you know supply demand problem. You know, there's too much of it, but this what what these people have done together has kind of changed that, and it's interesting to watch because that was not a natural thing that that was that was.

Something that happened as a result of human behavior. True, and and I don't know if you remember BJ or Blake or Aaron, but you know when Bitcoin several years ago, a lot of people were complaining about the high transaction fees and and the the use case that they could not buy a coffee because of the fees. That's why some Bitcoin developers created Bitcoin Cash.

And that was kind of the whole fork, right? That was the split of okay, we're going to create the separate blockchain. We're going to create the separate coin because the developers couldn't come to agreement. The original developers couldn't come to agreement and consensus around the the total focal point and use case of the coin. So now we have Bitcoin Cash, which is also you know another alt coin.

But you could see the variance of, you know, Bitcoin Cash. I think is trading at like five or six hundred dollars a coin, and Bitcoin is, you know, fifty seven thousand roughly a coin. Yeah. So, so like BJ was saying, you you may want to think about Bitcoin as like your long term. You know, maybe you know I am going to put long term money away in Bitcoin, but not necessarily use the Bitcoin.

To buy small things, you you know, if you buy a house maybe in the future, you might use Bitcoin to buy the house because it's a large transaction, you know. But if you are going to buy, you know, small coffees and things like that, you might want to use something like Bitcoin Cash or Litecoin or some of these other coins that are faster and more suited towards that smaller transaction size.

That's that's a really good point. Yeah, it's it's that's an interesting point you make because if you again from the bird's eye view, all of these different. Now, I'm sure you know not all of these altcoins will emerge winners in the end. I'm sure you know, but there's going to be a degree of washout. But you know, there are.

Lots and lots of quality altcoins, and if you look at them, like from a you know from the concept perspective, like they all have different goals and purposes. So they don't, you know, a lot of people take the the stance of, well, this coin is going to be the only one that makes it, or but there's, you know, there's a lot of really good quality ideas out there on these on these different blockchains, and they all seek to to do different things. Some are in competition with each other, but for the most part, they all kind of bring different things to the table.

Have you guys heard about that new safe Bitcoin or something? Has anybody heard about that? I think you're talking about wrapped Bitcoin. Oh, wrapped Bitcoin, yeah. The ticker is Safe BTC. Oh no, I don't know that. That's a different one. Yeah. What's the idea behind that one? Um, I think so. It's it's it's got some type of safe moon protocol.

So that. Oh, SafeMoon. Okay, yes, that's doing really well too this week. So, what's the idea? I don't know about this one, Blake. So, what is it? So, apparently, like two percent. Like the people that hold this coin get two percent per transaction and two percent of the liquidity, like forever. And then they apply like a five percent tax on every transaction, or something like that.

So yeah, I thought that was pretty interesting, and I've just seen a lot of I follow a lot of like crypto influencers, and yes, this is one that they're talking about a lot. Yes, it's it's price wise, it's been quite active recently. But yeah, that's one that I haven't haven't made time to look into yet because there's there's so many of them, you know. But that's interesting. Yeah, I didn't hear that.

New ones pop up every day. I was looking at their website, so there it's four percent fees per transaction, two percent locked liquidity and burned, two percent distributed to holders. Sixty percent of the the tokens have been burned, so they're using a burn rate to reduce supply. And some other one, Craig, you mentioned BNB was doing that, the Binance Coin, right? Yeah, yeah. So, so a lot of these chains are are taking, you know, different measures to to. It's interesting. Like a lot of these chains are like self.

Efficient, and they're doing. They take. They take measures to fix their own problems. You know, they do upgrades, and they do. It's. It's just nice to watch because it truly is decentralization in action. Like you're watching, like people taking, like building things into their own hands. You know, instead of just waiting for someone else to do it. You know, these are people like are building things, and like I follow one of. I guess he's the lead developer on.

The um the SyaCoin blockchain, and just to follow the ideas that these people are coming up with, and like I mean, it's just oh my gosh! Like to keep up with this stuff is just it's it's a lot of work. Like the ideas they're coming up with are phenomenal. Like the SyaCoin blockchain is decentralized storage.

But the way that they've set it up is literally nothing short of genius. I mean, they've put every precaution in place to where I mean, I just can't find a flaw with it. You know, with the way it's with the way they're doing it, like it's it's just phenomenal. the the The thought that they've put into this stuff. Just one word of caution, though, with with safe BTC, Bitcoin, and some of these other alt coins, you're.

You're trusting the developers to be honest, and if they go rogue, they can really go with your money. So, yes, and that has happened too. So, it does. You know, it is important to do your. That's something good to bring up. But it has happened to people, not just with coins. You know, unfortunately, in any market or any landscape, you're going to have a percentage of great quality. You're going to have mediocre. You're going to have fallout, and then you're going to have garbage. That you know, some of this is meant to be a scam. Like.

I'm sure there are coins out there that are, you know, the the intentions of the people behind them are not good. It's like everything in the world, but you know, it just takes a little bit of research, you know, to look into these things. But, um, you know, you want to be careful about using exchanges as well that aren't aren't very reputable or well known because you know they can shut down as well and take your money.

So, you know, some there's some I think some some that are pretty safe that you know a lot of people use that you know should be pretty safe, but it is something to to be cautious about. But the same thing happens with you know cash. You have scammers there as well. Yeah, back that reminds me. Back in 2017, you know, when the crypto market was going crazy back then.

I think the statistic was over 90 of IPO or initial ICOs, initial coin offerings of new coins being you know put out were were all crap coins. Ninety percent. Yeah, it was crazy. It was all based on you know that's why Dogecoin or Doggycoin, however you want to say it. That's why you know when that coin was built, it was built as a joke originally.

And then it got endorsement by Elon Musk and by Mark Cuban, and you know that's how it kind of got its boost, so to speak. But the original premise was based on a joke, and you know, back in seventeen, there were so many coins that were being produced just to ride the wave, and for these developers, really to just get rich, it was a quick way for them to list a coin, write a seven-page white paper that had no backing on it, and make millions of dollars or tens of millions of dollars from a basic.

Well, like, how is that possible? Well, from a basic level, I mean, we all we all can say we're going to create a coin today. We can go and develop a coin, but you're literally creating a currency. Like, how did this happen? How did this become possible? Well, I think Bitcoin kind of paved the way from the digitized, you know. But I mean, as far as money goes, I mean, anything can be used as money. I mean, you know, back.

Ages ago, seashells were used as money. So I mean, I guess like the world just didn't understand this before or something. Because like people are producing coins and getting them listed, and people are buying them, and they're becoming currency. Like, who ever knew that that was possible? That you could do that. Well, like I said, I think that that's true, and I think that that really has been paved by Bitcoin. But yeah, it was just such a groundbreaking idea.

Yeah, but here's my point, though. What I was trying to make is, is with Bitcoin, for example, since we know it's a limited supply, and we know it cannot be shut down very easily, because basically all the miners would have to go dark all across the world. Super unlikely for all that to happen. So fixed supply, it's.

It's the most trusted blockchain because it's the longest. It's been around. It's it's getting stronger and stronger every day. And the point I'm trying to make is, and again, this isn't financial advice. But if you were to buy Bitcoin today and then move it to what's called a cold wallet and just sit on it or save it there, you're a true holder or hodler.

Of Bitcoin, and it can't be manipulated or changed by anyone. So, five years from now, who knows? It could be worth a million dollars a coin, and maybe that was a good decision, or maybe it's worth a thousand dollars a coin, and it was a bad decision. Nobody really knows. My point, though, is with a lot of these alt coins that come out every day, like we'll use the Safe BTC as an example. This one's currently it's brand new, currently trading.

At um, it's a chart. Point zero zero zero zero zero zero one one eight four. So very far below a penny. Which which point are you talking about? The safe BTC that. Oh oh, it's that. I didn't realize it was that. Well, that like that's an interesting.

Yeah. So, yeah, but the point that I'm trying to make, though, is if you put money in this, it's super risky, way more risky than something like Bitcoin or Ethereum. And the reason the reason why it's so risky is because there's probably no cold wallet to get it off. So you're gonna you're gonna store it on a software wallet.

Which is much more, much less secure than a cold wallet. By software wallet, you mean something like MetaMask, yeah, or or something that, like, an app on your phone or a software that you would download from the SafeBTC dot or SafeBitcoin dot io website. You're again heavily trusting the developers that that wallet is secure. Who knows if it has a backdoor in it that they could take all your money?

So these are risks you have to accept if you want to dabble in this. However, you you know, in the future, if this is something that works out and it does get listed on an exchange, you know, those I consider some of these coins that are so new like this, if they get listed on a popular exchange like Coinbase or Kraken or Finance, that's a milestone. It's a good milestone. It is, and it means you know that's that's a point worth like reiterating, Craig.

Because, like, I feel once a coin gets listed on a major exchange, you know, like I, for example, personally like follow like Kraken and Coinbase listings, like to see what coins they have. Once something gets listed on an exchange that I find reputable, then I find that I can put a lot more trust in the coin itself because that exchange has done a lot of work to vet that coin and the and the developers and the team. So it's not a guarantee, but I think it does give it a degree of safety.

One thing, though, is let's just say safe BTC. Like you could get into safe BTC with like ten dollars or like ten dollars, and then you know hope for that, like hope that somebody picks it up, and then even if it goes to like a penny or like you know like twenty cents or you know something crazy like that, like.

You know, you'll be rich. Yeah, that's that's a that's a great point, Blake. I guess what I was trying to make, what I was trying to say, is it's the evolution of anyone can write an i a white paper and create an IPO. anybody, it could be a three year old, and the mom and dad could write the paper for them. And you could be anonymous, like like Satoshi Nakamoto, and change the world, and no one knows who you really are. Right. So, so anyone can literally write the white paper, and the better you are at writing and grammar and and marketing.

the The more influence you'll have with that paper, and and it could be that white paper could literally be built on nothing. Like there could be, it could be all lies. You know, this is real. So, so my point is that you launch the paper. If you know how to launch a website, you put the paper on the website. You're you if you know how to do social media marketing, you drive traffic to the website. You get people, you get buzz, right? You get people to to look at the stuff, like the safe Bitcoin, for example.

Yeah, like Blake just got us. Like we we just happened naturally, organically. Like right here, it unfolded in front of us because Blake's got us looking into this. So here, like that's you're exactly right. That's what's happening with us right now. Correct. So so my point is, like Blake said, yes, you can put a small amount of money, five, ten dollars.

Or maybe you you have a higher risk tolerance, and you put a hundred or a thousand on whatever is the right amount for you. The point is, yes, you can put your risk on the line, and who knows? One day in the future, it could be one of the outliers, and it could work out. But it is super risky. One of the most risky. Any coins that are so low in fractions of a penny are the most risky. However.

The most risky ones are also; they can go up thousands of percentage, or they are the ones that have the largest potential for exponential growth. Right. So, if you know, if you diversify, like what Blake was saying, you and you put ten dollars or whatever you're comfortable with, and you kind of you put it in your software wallet, you make sure you you remember your passwords and.

You forget about it for a few years, and then check on it. You could win, or you could not. Yes, that's exactly right. And you know, to like, let's just like again from the bird's eye view. Like, here is the facts of the cryptocurrency market. It's volatile. It's very risky. It has created millionaires and billionaires already. You know, and then the new wave is is is coming in, and people are getting into some of these, you know, coins like the one Blake mentioned, and the potential with them is.

Like enormous, so is the risk. But this is a perfect example where, um, you know, knowledge is power because they're researching the the background of these coins and the history can really help you know influence your decision in in the right way. You know, so it's very important. And then to do your to do your homework on this stuff, and and also to look at the community that supports the coin because you can actually you can actually um you know look them up on social media.

Yeah, and see what kind of you know people they are and stuff. So you can that can help you make determinations as well. But I mean, the fact of the matter is, is that this is a volatile, um, like volatile market, and there is potential to to to change much. Um.

You know, with this stuff for people's personal lives and and more. So, but it's um is definitely something that you need to understand fully. You know, before you before you make major decisions. Yeah, and and again, you know, do your own research and make sure before you put even five or ten dollars. I mean, you don't want to fund something that's terrorist or or black market based. That you know, you want to make sure that you do as best you you possibly can to make sure that these people.

For real, they have you know a good reputation, and you know then make your decision from that. Yeah, and it and it and it's good to um you know have a source like for example like we provide you know honest just analysis of how like we view these coins and stuff. So it's good to have you know a go to like that you know where you have a trusted source that can kind of help you understand these things.

Because overarching all of this, right? Like, why do we even care about this as a company? Is overarching all of this is that this is all being done on the internet? Like, this is all digital. It's digital currency. It's all digital, and we understand cybersecurity. And overarching all of this, it doesn't matter if you do a million hours of research and pick all the right coins.

You know, if you don't have your cybersecurity in order, like you know, hopefully you can hang on to your money. You know, best of luck with that. But you've got to get your cybersecurity in order. So I woke up this morning to someone announcing that their that their wallet had been drained, their software wallet. So these things do happen, and and all the right buying in the world is not going to protect you from.

You know, cyber risks if you're not taking the proper precautions. Well said, and and that's something that you know, like PJ was saying. You know, we're not providing financial advice of any kind, but what we are doing is we are doing the research to figure out our opinions on what we feel are are the the better choices.

And options, and then, like she said, you know, with security in mind, we're looking deep into the cybersecurity and helping folks with that. And we'll be launching outside of our podcast, which, of course, is free. We're going to be launching a like a inner circle group where you can get the latest questions that you have, or get advice or consulting in regards to security.

Around crypto and and blockchain and AI and some of these hot topics right now, yeah. And and that's I would I would encourage people to make sure that their level of risk tolerance matches the level of their cybersecurity. You know, like for for as you know, the more you're the more you're putting into this of your personal funds.

Or business funds, whatever. The more you are putting into it, you know, hopefully your cybersecurity is growing in proportion to that because it's gonna - it's critical. Like I think you know, we all in this industry agree that the internet is probably the most important thing that's ever happened to our current known world. But you know, I think we we jumped the gun on adoption of the internet before we took the proper precautions.

And so, you know, the cyber landscape right now is very threatening. So it's it's very wise to be careful out there in the cyber in the cyber world. Yeah, and by default, the internet is not secure. I mean, there's all it's so much duct tape, band aids, and bubble gum. The internet by default is not secure, and you need these different security control layers to do the best you can and make yourself as unhackable as possible. So.

Be sure to check out our website at blockchainsecurity dot com, which is our website where we speak everything crypto, AI, and keep you up to date on all the latest of this, especially cybersecurity. And check out our inner circle. Yep, very, very, very important stuff there. That make sure that's the foundation is the best the best advice that we can give. Make sure you have a strong foundation that you are building upon.

Well, thanks for listening, everybody. That's a wrap on this episode of Encrypted Ambition. Subscribe wherever you listen, and if today's guest inspired you, leave us a review or share the show with someone in your circle. To learn more about how we support innovators with AI, cybersecurity, and compliance, head to PetronellaTech.com. Thanks for listening, and remember, the future favors the bold.