Crypto Q&A: 4 Good Answers With Pete McCormack
By: Crypto For Good, And Plenty
Tags: Crypto, Bitcoin, Cryptocurrency, SXSW

Crypto Q&A: 4 Good Answers With Pete McCormack

‘What Bitcoin Did’ Podcaster Offers a Lay of the Cryptocurrency Land

Getting into Crypto from the ground floor? Looking to level up your Blockchain savvy? You’re at the right spot to satisfy your curiosity either way.

That because we hooked up with Pete McCormack, Cryptocurrency investor, miner, blogger and podcaster. You may have heard Pete on his popular ‘What Bitcoin Did” podcast, in which he not only shares tips and advice from his experience, but also brings on colorful experts and guests. So take five minutes to see how Pete sees the evolution of Blockchain technology, and then give his panel a quick Up Vote. Thanks!

Question: Let’s try and draw a line in the sand. With the state of Crypto’s key players today — the good guys vs. the bad guys — how would you characterize the behavior of those working in the space for the right reasons — and the wrong?

Answer: “The majority of the market is driven by speculation, greed and personal financial gain, from scammers and hackers to opportunists raising funds for unrealistic projects. There is a small and less vocal community building the infrastructure for a new financial system, these are the good guys.”

Q: You have a close friend or family member who’s got the itch to work in the blockchain. They come to you for candid advice. What do you say?

A: “Start learning and connecting. There is so much free knowledge available on YouTube, Reddit and Twitter etc… Consume as much as you can, ask questions and connect with people. If you ask the right questions then people will take the time to listen to you and respond. There are plenty of jobs available on AngelList too.”

Q: What have you seen in the space that’s given you hope that Crypto is maturing — not just as a currency or business model, but as a movement that cares about more than itself?

A: “The interest from Venture and Wall Street. My preference is for Wall Street derivative investment vehicles for Bitcoin over Sand Hill Road investment in tokens as Bitcoin is the most legitimate and valuable project in the ecosystem.”

Q: Bold prediction time. In 5 years, Crypto will be…

A: “Integrated as a payment option with all major ecommerce websites. A pay by Crypto button will be as commonplace as a pay with PayPal button. Bitcoin market cap will be over $1trillion.”

Thanks, Pete! We’ll continue bringing you more Crypto Q&A sessions over the next few weeks. Here are a few more to check out:

And if you haven’t taken a moment to vote up our panel for SXSW, we would be greatly appreciative if you could.

About Pete McCormick

You know the story. Armchair trader quits his or her day job, takes some risks and the rest is history. But Pete McCormick wrote a different ending. He took all his lessons learned, the good and the bad, and began sharing them with whoever would listen. The content endeavor became the popular “What Bitcoin Did” podcast, during which he interviews a diverse slate of blockchain players and shares his own stories in a candid and refreshing fashion. This isn’t to say Pete hasn’t been successful — he estimates his crypto investments have earned more than 4,200% — but also has moments where he takes a break from the blockchain game. A trader, blogger, advisor and miner, Pete fills a much-needed gap in crypto, that of an experienced mentor offering free advice, no strings attached.

Pete McCormick has been involved in cryptocurrency since 2012, a relative lifetime in such a young industry. By regularly engaging with the top minds in blockchain, Pete possesses a connectedness that few others have. And as a former developer, agency professional, and serial entrepreneur — of which his pursuits included the interactive football fan experience, Bantr — he brings eclectic career experiences to to complement his focus on crypto.

Be sure to check out Pete’s ‘What Bitcoin Did’ podcast for more info.