I started paying attention to cryptocurrency about 2 years ago when a friend of mine told me that she invested just a few hundred dollars and that investment turned into 6 figures of value and later 7. Before I began to invest, I wanted to understand what it is and how it works and why in the world something could escalate in value so fast.
I still remember sitting at Starbucks about 18 months ago with my boss, Rick Dunham, where I shared with him my fascination with cryptocurrency and the 2 of us trying to wrap our minds around what it is and the implications that can follow? Unfortunately, we didn’t figure it all out in that hour at Starbucks, but it was the beginning of a journey.
These conversations took me down a path of questions that included:
What is money?
Why is money worth anything?
Why do banks exist?
Can money be worth something one day and nothing the next?
Do we need a new kind of money?
What is blockchain?
Is it really possible to build a technology that can’t be hacked?
If there is a decentralized currency, what does this mean for government controls?
Is cryptocurrency more like stocks or money?
In the process of studying cryptocurrency and believing more and more in the future of digital currency, a friend of mine called me to tell me about a new platform he was creating called Engiven. He went on to explain that he had gone down a similar path with crypto and having a background in digital donations, planned to create the first donation platform for nonprofits to begin accepting cryptocurrency as a form of donations. He asked me if I was interested in joining the team and without hesitation, I jumped on board.
After jumping on-board with the Engiven team along with a conversation around a fire pit at my friend Nick Runyon’s house, Nick and I decided to begin the process of writing this book: Crypto for Good: Demystifying Cryptocurrencies for Nonprofits. We wanted to share all that we were learning about crypto with nonprofit leaders as there were and are so many misperceptions about cryptocurrency. We also wanted to share why we believe cryptocurrency to be the future of money and practical advice as to how nonprofit leaders can get ahead of blockchain technology and this coming trend. It is our belief that cryptocurrency and blockchain technology creates more opportunities for nonprofit leaders rather than being 1 more distraction.
Let me be clear before you get the book, you won’t read in the book that crypto is the future of money in 2019 or even 2020, but in the years to come we believe the momentum will only grow and we believe the time to prepare for crypto is today.
Here are some of the things we cover in the book:
A Brief History of Money and the U.S. Dollar
An Introduction to Blockchain
Cryptocurrencies and Bitcoin
2,000 Cryptocurrencies and Counting
Advantages of Cryptocurrencies
What Others Are Saying About Cryptocurrency
Crypto for Good
Predictions for the Future
If you are a nonprofit leader or know of one, I hope you will consider getting a copy of this book and gaining a greater understanding of cryptocurrency and how it might help your nonprofit organization.
Also, if you’re interested in learning more about Engiven, visit http://Engiven.com.