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How an Educator Came to <3 Crypto @mozzadella, Educator at @stellarorg

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Vanessa was quite happy as a spunky edupunk on the web.

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Mission-driven educational work! Open, free and accessible! Huzzah!

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I felt weird about “money”

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Until I met Joyce Kim…

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public infrastructure for money cryptographic hash multiple currencies the financial system is broken The concepts sounded scary

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“Digital currency” seemed really hard. I thought it best to let someone else worry about it.

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Noticed queues outside check- cashing storefronts in West Philly.

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Philadelphia is #9 nationally: 37.8% of our city is unbanked or underbanked. Source: 2009 FDIC National Survey of Unbanked and Underbanked Households.

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Post-2008 applicants can be denied a bank account for one bounced check.

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There had to be a better way to include everyone in the financial system.

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Ok, but what is this “digital financial system”?

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It starts with a node. I’m a server spun up on the Stellar network.

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It starts with a node… Congratulations! Beep. Beep.

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The Stellar network transmits funds from node to node

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Gateways are portals from fiat currency to the network.

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Lumens are the intermediary currency the network uses to transmit funds.

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Transactions take 2-5 seconds in a settling up process called consensus Looks like it. Do we all agree that Vanessa’s transaction happened? Cool. Ok, let’s update the ledger!

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Products can be built on Stellar for solutions at the local level. I sell used Apple parts on the Stellar network. We have a lending club.

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Stellar is giving away 95% of the 100 billion lumens to seed the network.

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Once you see how the system works, you can’t un-see it.

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The future of money is digital… we all must know how to use it.

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5% 95% Men Women Houston, we have a problem… Demographics of bitcoin owners

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People who make the products In a Stellar future: People who use the products

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Disdain Skepticism Curiosity Crystallization Acceptance The 5 stages of learning about cryptocurrency

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And it’s much less scary.

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To learn more: stellar.org @mozzadella, Educator at @stellarorg