Lessons - Understanding Bitcoin and "Shitcoins" | Samson Mow - CEO of Pixelmatic and JAN3

➡️ Like The Podcast? Leave A Rating: https://ratethispodcast.com/successstory  In this "Lessons" episode, Samson Mow, CEO of Pixelmatic and JAN3, breaks down the true essence of Bitcoin, critiques altcoins like Ethereum, and explains why decentralization is the cornerstone of sound money. Explore the pitfalls of centralized cryptocurrencies, the concept of hyper-Bitcoinization, and the risks of smart contracts and DeFi.Bitcoin as Decentralized Money: Samson emphasizes that Bitcoin is decentralized, immutable, and permissionless—qualities that make it a true form of sound money. He describes Bitcoin as a store of value, a medium of exchange, and a unit of account, distinguishing it from centralized altcoins masquerading as decentralized.Hyper-Bitcoinization Defined: Samson introduces the concept of hyper-Bitcoinization, a future where Bitcoin becomes the global standard for money, eliminating the need to convert back to fiat currencies. He likens this transition to the obsolescence of older forms of money like seashells.Challenges of Smart Contracts and DeFi: Highlighting the vulnerabilities in DeFi and smart contracts, Samson points out frequent hacks and backdoors built into many projects. He warns that these constructs are often insecure, centralized, and driven by speculative Silicon Valley investments rather than genuine utility.➡️ Show Linkshttps://successstorypodcast.com  YouTube: https://youtu.be/xYsh-D1lY0s Apple: https://podcasts.apple.com/us/podcast/samson-mow-ceo-of-pixelmatic-and-jan3-why-bitcoin/id1484783544 Spotify: https://open.spotify.com/episode/7fXIFF9ge7o9gHf389jIlt?si=3be96eb581c643ff ➡️ Watch the Podcast On Youtubehttps://www.youtube.com/c/scottdclary Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Om Podcasten

Welcome to the Success Story Podcast, hosted by entrepreneur, business executive, author, educator & speaker, Scott D. Clary (@scottdclary). On this podcast, you'll find interviews, Q&A, keynote presentations & conversations on sales, marketing, business, startups and entrepreneurship. Scott will discuss some of the lessons he's learned over his own career, as well as have candid interviews with execs, celebrities, notable figures and politicians. All who have achieved success through both wins and losses, to learn more about their life, their ideas and insights. He sits down with leaders and mentors and unpacks their story to help pass those lessons onto others through both experiences and tactical strategy for business professionals, entrepreneurs and everyone in between. To get more of the Success Story podcast, go to www.successstorypodcast.com.