–submitted by Jessika Kasten
Spencer Smith, founder of AmpliPhi Digital, visited the club on January 18 to help us better understand cryptocurrency. Spencer broke down the tenants of crypto by comparing it to a batting cage token. You purchase a batting cage token, but the token technically has no value. The value is the access to the batting cage. The same is true for crypto: the money you invest gives you access to a blockchain (a super database that is so secure it cannot be altered), but has no monetary value. Smith’s best advice? Never invest more than you can lose.
If you missed our meeting this week, you can watch the video here: https://youtu.be/tmj6JOC2MnU