Unbeknownst to local crypto investor Michael Whaleson, he has been going about his daily life under the impression he understands crypto.
That all changed when a friend of Michael's asked if he should invest some of his spare income into cryptocurrency.
After assuring his friend that it could be a good idea, Michael was asked "So what exactly is crypto, how does it work?"
"It's like a bunch of computers right... and they all go to work with each other but it's like decentralized so no one owns it and some are coins I think, but others are tokens on coins or coins on tokens or something..."
Even Michael couldn't help but raise an eyebrow at the nonsense crypto-jargon-word-salad that left his mouth.
After swiftly changing the subject, Michael began to internally re-evaluate his decision to invest his life savings in crypto.
His friend remains unconvinced.