Momentom is a collective of circus artists, yogis and young entrepreneurs from all over the world. With a network of artist residencies in Nicaragua, Guatemala and Bali, Momentom is a nucleus for travelers who want to live transformational experiences, live in community, and train mind and body. To accomplish this, Momentom invites key speakers in emerging industries who can provide residents insight on emerging industries and the future of the creative entrepreneur.
Jeff Kirdeikis, co-creator of Momentom Collective, opens up about Cryptocurrency as guest speaker at the Momentom Artist Residency in Nicaragua. While Jeff’s career is geared primarily towards Cyptocurrency, he and his partner Lisa are Digital Nomads traveling the world and prioritize training and circus lifestyle with Momentom Collective.
Jeff is passionate about connecting people to work independently towards a unified goal. He has catalyzed the largest Crypto community on Facebook, Cryptocurrency Investing with over 116,000 followers, along with co-conceptualizing the web page ccinews.net. At the core of it, his aim is to bring knowledge and freedom to the people. In his own words: if a decentralized system could manifest in a human, Jeff would be it.
So why should anyone care about Cryptocurrency and Blockchain technology? Especially as artists, entrepreneurs, and digital nomads. How does it have any relevance to us?
The true revolutionary aspect of Cryptocurrencies is the technology behind them: Blockchain technology. The magic of Blockchain technology is that it allows for a decentralized system; a system that isn’t owned by any one person or corporation. What this means is that the system works and operates with the interests of its users at its heart, and the fact that no one individual or group is making massive profits off of it.
This technology isn’t only applicable to currency, but can be used to set up any sort of system or peer-to-peer network (similar to Spotify, Airbnb, Youtube, Uber, etc.) The repercussions of this are of immense value to all of us; especially as artists, conscious entrepreneurs, and digital nomads.
1. The biggest shift of wealth in history & the greatest impact for younger generations.
Valued at under $1000 at the beginning of 2017, Bitcoin’s value soared to over $19000 towards the end of last year; that’s a 1900% increase in value! For anyone who had bitcoin at the beginning of 2017 and still had it by the end of the year, that’s a crazy amount of return on that investment; and although it is now currently valued at around $11000; that’s still a 1100% increase in value!
Some may have their doubts due to this apparent volatility, as it is common for the price the fluctuate up and down; not only for bitcoin, but all Cryptocurrencies. So how can it be a trustworthy investment? See below.
2. An awesome investment opportunity.
In spite of the day to day volatility of Cryptocurrency value, it still has the potential to be an awesome investment opportunity. We are still at the very beginning of something that could be revolutionary for how many of our current systems work and operate. Cryptocurrency’s are not always serving the purpose of currency, sometimes it’s a technology created to provide a service or a platform for sharing content. There is a limited supply of any Cryptocurrency, thus meaning that as the technologies become more adopted the value can only go up due to the supply being fixed and the demand increasing.
3. Opportunity for artists to profit from their creations.
BDue to the decentralized nature of blockchain technology, any new platform or service provider developed using Blockchain technology that serves a purpose similar to Youtube, Spotify, Etsy, etc. would have lower fees as there are no CEO or employees to pay. It would also mean that almost all of those fees would go directly to the artist or those creating valuable content.
4. Uplifts creativity.
Furthermore, it provides the opportunity for increased artist exposure, as it would also encourage other people to share valuable content and artwork. The reason for this being that anybody who were to share the art would receive a small percentage (ie. 10%) of whatever the fee is for viewing/listening/etc to that artwork/creation.
5. Redefining what a billionaire is.
The drive behind creating these technologies is not for personal gain, but rather for the betterment of humanity. Many of the creators behind these technologies are asked if they are a billionaires yet; and often the reply is that what being a billionaire means to them, is impacting the lives of billions of people. The people behind these technologies are continuously looking for ways to improve and expand them, by creating ones; not for financial gain, but to improve the lives of the masses.
6. Less Bank Fees.
For those using Cryptocurrencies as actual currency, this means less bank fees thanks to the decentralized system. No quarterly fees, no credit card fees, no atm fees, no travel fees, and no transfer fees! There is even a card available called TenX that works just as a credit/debit card, and is linked directly to your crypto wallet. Amazing!
7. Opportunity for those ready to adapt and create change.
This is just the beginning of something that could potentially be massive, an impact whose magnitude we cant predict with clear precision. Cryptocurrency and decentralized world may bring n new and entrepreneurial opportunities and rapid technological advancement. Like the internet, or the television, innovative revolutionary ideas can seem out of context and strange at first, yet many have changed the fabric of society and the way we interact with one another.
In sum, Cryptocurrencies are exciting to say the least. It opens doors for future possibilities in innovation and opportunity; however, there are a couple of things to consider if you are looking to invest.
Don’t invest if it’s simply out of fear of missing out; invest because you truly believe in these technologies and their potential! Either do extensive research into which Cryptocurrencies you believe have the most utility, innovative technology, and likelihood of adoption; alternatively hire a coach to support you in your decision making (Jeff has extensive and comprehensive knowledge on this, and we highly recommend his services). Be in it for the long run; the prices will continuously fluctuate, yet in the long run, the best of these technologies are likely to soar in value.
At the end of the day nothing is guaranteed in this world, so do only invest how much money you are willing to lose all of; and if you do invest be sure to stay up to date weekly with all the latest innovations in these technologies. We recommend reddit’s weekly top posts on all things Cryptocurrency.
In the meantime. Enjoy the journey.
NOTE: These are my personal opinions only, and we all have the freedom to think for ourselves. Do your research and decide for yourself what is right for you.
By Mirin Mooney
Mirin Mooney is a visual artist, conscious entrepreneur, and digital nomad. Dedicated to supporting others in reconnecting with themselves and coming into their fullest expression to achieve their lives purpose.