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How to track your crypto transactions like bank statements
1. Which explorer is commonly used for Bitcoin?
✅ Bitcoin-Blockchain. com
2. Which explorer is commonly used for Ethereum?
✅ Etherium- Etherscan
3. What question do many crypto users ask?
✅ How do I see what I've done with my crypto?
4. Do you need to be a hacker to use a blockchain explorer?
✅ No, anyone can use it without coding skills
5. What can you see using a blockchain explorer?
✅ What was sent or received, when, how much, and the wallet involved
6. What extra feature does CEX. IO offer for transaction history?
✅ An exportable, organized version
7. Why is crypto described as "not a black box"?
✅ Because everything is recorded and viewable
8. How is crypto activity recorded?
✅ On a public ledger called the blockchain
9. What do you need to enter into a blockchain explorer to see activity?
✅ Your wallet address
10. How is a crypto transaction history similar to online banking?
✅ It shows a detailed list of all transactions
11. How does crypto transparency compare to traditional banks?
✅ You don't have to wait for pending transactions to clear
12. What is a blockchain explorer?
✅ A website that shows all crypto transactions
What's the modern version of a "piggy bank"? (Hint: it's not a bank)
1. What does the video say about replacing banks entirely?
✅ The conversation isn't about replacing banks entirely
2. What potential issues with stablecoins does the video mention?
✅ Concerns about reserve backing and stability issues
3. What are stablecoins designed to maintain?
✅ Stable value by being pegged to assets like the US dollar
4. What are current savings account interest rates mentioned in the video?
✅ Between 0.4% to 4.5% annually
5. According to the video, what lesson did the piggy bank teach us?
✅ Keep something set aside for yourself, just in case
6. What is the main principle that remains the same regardless of the savings tool?
✅ Keep something set aside for yourself, just in case
7. What does the video say about the regulatory landscape for stablecoins?
✅ It's still evolving
8. What FDIC insurance amount is mentioned for traditional banking?
✅ Up to $250,000
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