It's been a wild past few years for cryptocurrency. And these days, while Bitcoin still takes up the spotlight — there are so many different alt-currencies that have sprouted up, too. Some of them even spired by memes and television shows. But, is this all a good thing or a bad thing? On one hand, cryptocurrency has some serious upside. For unstable economies, it provides the stability needed for their market to thrive — despite its own volatility. Its decentralized governance, by design, makes it a virtual currency that we can trust, in a sense. And its privacy and security features are meant to make it less susceptible to fraud and corruption.  But there are some drawbacks that are just as big. It's not completely susceptible to fraud — and one recent rug-pull scam saw billions of dollars in paper value disappear in an instant. Bitcoin miners also end up using more energy in a matter of minutes than most tech companies use in an entire year. And some of cryptocurrency's biggest power users are members of serious organized crime networks. We'll cover all of this — and more — in this episode dissecting the ups and downs of cryptocurrency. *** This episode is brought to you by: Vidyard: The Top Video Tool for SaaS Marketing and Sales http://vidyard.com/rocketship NetSuite: NetSuite by Oracle is a scalable solution to run all of your key back office operations. Go to netsuite.com/rocketship today. Blinkist: Rocketship.fm is now on Blinkist! Listen to 12 minute episodes with no ads! Get seven days free when you check out Blinkist. Indeed: Indeed is the job site that makes hiring as easy as 1-2-3. Get started with a free $75 sponsored job credit at indeed.com/rocketship. BetterHelp: Unlimited Professional Counseling via Online Chat, Video or Phone Anytime, Anywhere. Get 10% off when you visit betterhelp.com/rocketship. Fundrise: Fundrise makes investing in private real estate as easy as investing in stocks, bonds, or mutual funds. Go to fundrise.com/rocketship today. Airfocus: The home for products and the people who build them. Airfocus is an easy-to-use and flexible product management platform that combines product strategy superpowers with modularity. Visit airfocus.com/rocketship and try it for free today. WIX: When your agency partners with Wix, you unlock an entire digital ecosystem for creating, managing and growing your business online. Head over to Wix.com/Partners and reimagine what your agency can accomplish. *** This show is a part of the Podglomerate network, a company that produces, distributes, and monetizes podcasts. We encourage you to visit the website and sign up for our newsletter for more information about our shows, launches, and events. For more information on how The Podglomerate treats data, please see our Privacy Policy.  Since you're listening to Rocketship, we'd like to suggest you also try other Podglomerate shows surrounding entrepreneurship, business, and careers like Creative Elements and Freelance to Founder. Learn more about your ad choices. Visit megaphone.fm/adchoices

It's been a wild past few years for cryptocurrency. And these days, while Bitcoin still takes up the spotlight — there are so many different alt-currencies that have sprouted up, too. Some of them even spired by memes and television shows. But, is this all a good thing or a bad thing? On one hand, cryptocurrency has some serious upside. For unstable economies, it provides the stability needed for their market to thrive — despite its own volatility. Its decentralized governance, by design, makes it a virtual currency that we can trust, in a sense. And its privacy and security features are meant to make it less susceptible to fraud and corruption.  But there are some drawbacks that are just as big. It's not completely susceptible to fraud — and one recent rug-pull scam saw billions of dollars in paper value disappear in an instant. Bitcoin miners also end up using more energy in a matter of minutes than most tech companies use in an entire year. And some of cryptocurrency's biggest power users are members of serious organized crime networks. We'll cover all of this — and more — in this episode dissecting the ups and downs of cryptocurrency. *** This episode is brought to you by: Vidyard: The Top Video Tool for SaaS Marketing and Sales http://vidyard.com/rocketship NetSuite: NetSuite by Oracle is a scalable solution to run all of your key back office operations. Go to netsuite.com/rocketship today. Blinkist: Rocketship.fm is now on Blinkist! Listen to 12 minute episodes with no ads! Get seven days free when you check out Blinkist. Indeed: Indeed is the job site that makes hiring as easy as 1-2-3. Get started with a free $75 sponsored job credit at indeed.com/rocketship. BetterHelp: Unlimited Professional Counseling via Online Chat, Video or Phone Anytime, Anywhere. Get 10% off when you visit betterhelp.com/rocketship. Fundrise: Fundrise makes investing in private real estate as easy as investing in stocks, bonds, or mutual funds. Go to fundrise.com/rocketship today. Airfocus: The home for products and the people who build them. Airfocus is an easy-to-use and flexible product management platform that combines product strategy superpowers with modularity. Visit airfocus.com/rocketship and try it for free today. WIX: When your agency partners with Wix, you unlock an entire digital ecosystem for creating, managing and growing your business online. Head over to Wix.com/Partners and reimagine what your agency can accomplish. *** This show is a part of the Podglomerate network, a company that produces, distributes, and monetizes podcasts. We encourage you to visit the website and sign up for our newsletter for more information about our shows, launches, and events. For more information on how The Podglomerate treats data, please see our Privacy Policy.  Since you're listening to Rocketship, we'd like to suggest you also try other Podglomerate shows surrounding entrepreneurship, business, and careers like Creative Elements and Freelance to Founder. Learn more about your ad choices. Visit megaphone.fm/adchoices