Decentralized Finance: The future of cryptocurrency. It's time for Karim and spearhead the CryptoBasic breakdown of this space in the longest episode that CryptoBasic has ever recorded. We go over everything from Liquidity Farming, to Rug Pulls, and more.This episode spent nearly 6 months on the shelf. It's something of a swan song for the CryptoBasic team as they just couldn't keep the project afloat without sacrificing their morals. 

Decentralized Finance: The future of cryptocurrency. It's time for Karim and spearhead the CryptoBasic breakdown of this space in the longest episode that CryptoBasic has ever recorded. We go over everything from Liquidity Farming, to Rug Pulls, and more. This episode spent nearly 6 months on the shelf. It's something of a swan song for the CryptoBasic team as they just couldn't keep the project afloat without sacrificing their morals.

Episode 248 - Defi Rundown - The Lost Episode

Hello everybody and welcome to the Crypto Basic Podcast! Now, before you start rage-tweeting us, we know we've been away for quite some time, but people need vacation, and we're definitely people. Besides vacation though, we decided that the Crypto Basic Podcast will be releasing episodes less often, but with more concise and in-depth information. By releasing weekly episodes, we're doing a disservice to the quality of the podcast as sometimes we scramble to find interesting stuff that frankly, sometimes is just not there, and that way we're doing a disservice to you, the listener. However, we're not going anywhere. Sorry haters. So, expect less but better Crypto Basic goodness from now on.In today's episode we talk about Sushiswap, a decentralized exchange on the Ethereum blockchain that shows a lot of promise. There has been some drama -its creator fucking up big time, that is- that we didn't cover because we recorded this episode about a week ago and didn't release it in time, but talking about the project and its ins and outs still made for a very interesting and engaging discussion. Tune in to find out more!

Hello everybody and welcome to the Crypto Basic Podcast! Now, before you start rage-tweeting us, we know we've been away for quite some time, but people need vacation, and we're definitely people. Besides vacation though, we decided that the Crypto Basic Podcast will be releasing episodes less often, but with more concise and in-depth information. By releasing weekly episodes, we're doing a disservice to the quality of the podcast as sometimes we scramble to find interesting stuff that frankly, sometimes is just not there, and that way we're doing a disservice to you, the listener. However, we're not going anywhere. Sorry haters. So, expect less but better Crypto Basic goodness from now on. In today's episode we talk about Sushiswap, a decentralized exchange on the Ethereum blockchain that shows a lot of promise. There has been some drama -its creator fucking up big time, that is- that we didn't cover because we recorded this episode about a week ago and didn't release it in time, but talking about the project and its ins and outs still made for a very interesting and engaging discussion. Tune in to find out more!

Episode 247 - It's time for Sushi... swap.

Welcome to the Crypto Basic Podcast!Joining you are Brent "Pump and Dump" Philbin, Adam "The TikToker" Levy, and Karim "You guys are insane" Baruque.Our issue for today is a call to action posted on TikTok, that urges users to invest 25$ in dogecoin en masse, leading to artificial inflation of its price, AKA a pump and dump. We discuss its implications, it's dangers, and what it means for the future of crypto that these kinds of things are now reaching the teen and preteen demographics. Tune in now!Hey Karim, what's the price of Dogecoin??Dogecoin spikes 1900% in 2 days.Global search interest in “how to buy dogecoin” also skyrocketed from a score of 25 to 100, the highest possible search popularity score, over the past few days, according to 12-month Google Trends data analyzed by CoinDesk.Why is Dogecoin spiking?? Not entirely sure the exact origin of it but a few TIk Tokkers posted a video talking about how if you invest $25 into Dogecoin you get 10k shares. if it goes to $1 we all make $10k. then people started buying it and it actually spiked 20% tuesday.Effect of Tik Tok on crypto. Gen Z is growing up. Do you think they will adopt? Could this be the start of a bull? This could also be the start of another Bitconnect with people getting hurt by a pump and dump.Could be a bunch of Dogecoiners getting together and trying to get the coin to blow up on tik tok. Things can go viral there in a hot second.Videos on videos coming out talking about how Doge is a good investment.For those who don't know, Jackson Palmer, the CEO of Dogecoin, created it as a memecoin bc Coinmarketcap and Doge memes were the two tabs open in his web browser.It has no real use case.Kid influencershttps://twitter.com/jespow/status/1281021629632352256?s=20

Welcome to the Crypto Basic Podcast! Joining you are Brent "Pump and Dump" Philbin, Adam "The TikToker" Levy, and Karim "You guys are insane" Baruque. Our issue for today is a call to action posted on TikTok, that urges users to invest 25$ in dogecoin en masse, leading to artificial inflation of its price, AKA a pump and dump. We discuss its implications, it's dangers, and what it means for the future of crypto that these kinds of things are now reaching the teen and preteen demographics. Tune in now! Hey Karim, what's the price of Dogecoin?? Dogecoin spikes 1900% in 2 days. Global search interest in “how to buy dogecoin” also skyrocketed from a score of 25 to 100, the highest possible search popularity score, over the past few days, according to 12-month Google Trends data analyzed by CoinDesk. Why is Dogecoin spiking?? Not entirely sure the exact origin of it but a few TIk Tokkers posted a video talking about how if you invest $25 into Dogecoin you get 10k shares. if it goes to $1 we all make $10k. then people started buying it and it actually spiked 20% tuesday. Effect of Tik Tok on crypto. Gen Z is growing up. Do you think they will adopt? Could this be the start of a bull? This could also be the start of another Bitconnect with people getting hurt by a pump and dump. Could be a bunch of Dogecoiners getting together and trying to get the coin to blow up on tik tok. Things can go viral there in a hot second.Videos on videos coming out talking about how Doge is a good investment. For those who don't know, Jackson Palmer, the CEO of Dogecoin, created it as a memecoin bc Coinmarketcap and Doge memes were the two tabs open in his web browser. It has no real use case. <a href="https://www.reddit.com/r/CryptoCurrency/comments/hnetus/discussing_how_doge_can_reach_1/" rel="nofollow" target="_blank">Kid influencers</a><a href="https://twitter.com/jespow/status/1281021629632352256?s=20" rel="nofollow" target="_blank">https://twitter.com/jespow/status/1281021629632352256?s=20</a>

Episode 246 - Crypto Scams through Tik Tok?

Welcome to another episode of the Crypto Basic Podcast! Today the gang is doing a self-reflective session on our predictions and critique of various coins and projects throughout the time the podcast has been active. How did we do in making judgments and assumption on projects such as Substratum, Kucoin, Bitcoin Hex, Tether, Divi, Dragonchain and others? Did our scam callouts turn out to be scams? All of the above and more on today's episode of the Crypto Basic Podcast.﻿Coins CryptoBasic called out on previous shows, how did they end up?SubstratumEpisode 1Episode 2Our position on the? VERY hard scam. We had 3 full episodes and talked a lot of shit with their community.Subreddit has been dead since 9 months ago.Highest price point AFTER the 2017 bubble - $.82 in May of 2018. For reference we released the first episode warning listeners of the scam in November of 2018.They raised $13M in ICO funds and delivered nada.They announced that they were seeking private funding in September of 2019, and now it is a completely dead project.Verdict - WE WERE RIGHTKucoinEpisode where we first mentioned KucoinOur position on them? Lukewarm. Mike really liked them, but I didn't like their pyramid style marketing. I also had some issues with their interface. I never went so far as to call them a scam, but never trusted them with a single cent. We did pull the referral bonus from the shownotes. We called the flags "offwhite"Hilariously shitty MLM style video.They're still operational, subreddit is booming, and they're one of the exchanges with name recognition.Storytime about Kucoin. My first troll.We did cover some of the red flags over the course of the time after we talked about them. They had some issues with where their location was and they gotHighest price point after the 2017 bubble - $4.99 May 2018Current price as of recording - $.81Verdict - We were basically wrong here. More risk than a high end exchange, but they're ranked just below Gemini.CryptopiaOur position on the scam: I wouldn't put my money on the site. Didn't call them an outright scam.Went down on July 3, 2019.They're still in liquidation.People will not be made whole.Bitcoin HexThis is an ongoing scam - I want to do a red flags episode which we'll record next week on Bitcoin hex.Right now, they're still kicking.What I remember is that Trevon James, a previous Bitconnect shill, was shilling it.I went to his Youtube. HO LEE SHITSome great fucking titles"5 steps to turn $200 into $200,000 with Cryptocurrency"Vitalik Sent me $600,000 worth of HEXHow to Make Money with Crypto (holding up stacks of USD cash)Why HEX can EASILY reach $1Hex is up 315% what a scam right?Verdict - Episode next week.TetherOur position - Tether is a scam. It is not backed, and you cannot trust it.Price - $1Price - $1Stop using TetherTell Story about how easy DAI isDiviEpisode on the Divi ProjectThis was a coin we did a 101 on and Karim and Mike definitely disagreed on the evaluation. Karim didn't call it a scam, he just didn't like the project. Here's what I remember about Karim's negative thoughts - this was the only coin that ever had one of their team members have a rational response to it.Coin Market cap doesn't have data that far back, oddly, but the earliest they have the price was $.009. per coin b ack in November of 2018.Today's price - $.04 - a 440% increaseVerdict - Wrong for now, probably eat crow.79th in Market CapDragonchainOur positoin - Lukewarm again. Karim didn't say it was scam, he just didn't really like it. This was a project that was essentially making itself turnkey ICO launchers. Well ICOs aren't really a think anymore and their first ICO's didn't go well.The subreddit isn't VERY active but it is actiev.Post 2017 bubble highest price - May 2018 $1.35Current price $.089Verdict - Right to be skeptical of the project, certainly not a scam yet.FCoinOur stance - we released an episode called "Is Fcoin a scam" our answer was fucking yes it was.If you go there on coinmarketcap - it says "we have received reported of impeded withdrawls due to insolvency"They shutdown around February 2020 and blamed "poor auditing" for the shutdown, as they were transferring out tons of money from their cold wallets.

Welcome to another episode of the Crypto Basic Podcast! Today the gang is doing a self-reflective session on our predictions and critique of various coins and projects throughout the time the podcast has been active. How did we do in making judgments and assumption on projects such as Substratum, Kucoin, Bitcoin Hex, Tether, Divi, Dragonchain and others? Did our scam callouts turn out to be scams? All of the above and more on today's episode of the Crypto Basic Podcast. ﻿Coins CryptoBasic called out on previous shows, how did they end up?<ul><li>Substratum</li><li><a href="https://www.cryptobasicpodcast.com/home/161" rel="nofollow" target="_blank">Episode 1</a></li><li><a href="https://www.cryptobasicpodcast.com/home/substratum" rel="nofollow" target="_blank">Episode 2</a></li><li>Our position on the? VERY hard scam. We had 3 full episodes and talked a lot of shit with their community.</li><li>Subreddit has been dead since 9 months ago.</li><li>Highest price point AFTER the 2017 bubble - $.82 in May of 2018. For reference we released the first episode warning listeners of the scam in November of 2018.</li><li>They raised $13M in ICO funds and delivered nada.</li><li>They announced that they were seeking private funding in September of 2019, and now it is a completely dead project.</li><li>Verdict - WE WERE RIGHT</li><li>Kucoin</li><li><a href="https://www.cryptobasicpodcast.com/home/exchangecoins" rel="nofollow" target="_blank">Episode where we first mentioned Kucoin</a></li><li>Our position on them? Lukewarm. Mike really liked them, but I didn't like their pyramid style marketing. I also had some issues with their interface. I never went so far as to call them a scam, but never trusted them with a single cent. We did pull the referral bonus from the shownotes. We called the flags "offwhite"</li><li><a href="https://www.youtube.com/watch?v=VM9NYqzVyWU" rel="nofollow" target="_blank">Hilariously shitty MLM style video.</a></li><li>They're still operational, subreddit is booming, and they're one of the exchanges with name recognition.</li><li>Storytime about Kucoin. My first troll.</li><li>We did cover some of the red flags over the course of the time after we talked about them. They had some issues with where their location was and they got</li><li>Highest price point after the 2017 bubble - $4.99 May 2018</li><li>Current price as of recording - $.81</li><li>Verdict - We were basically wrong here. More risk than a high end exchange, but they're ranked just below Gemini.</li><li><a href="https://www.cryptopia.co.nz/" rel="nofollow" target="_blank">Cryptopia</a></li><li>Our position on the scam: I wouldn't put my money on the site. Didn't call them an outright scam.</li><li>Went down on July 3, 2019.</li><li>They're still in liquidation.</li><li>People will not be made whole.</li><li>Bitcoin Hex</li><li>This is an ongoing scam - I want to do a red flags episode which we'll record next week on Bitcoin hex.</li><li>Right now, they're still kicking.</li><li>What I remember is that Trevon James, a previous Bitconnect shill, was shilling it.</li><li>I went to his Youtube. HO LEE SHIT</li><li>Some great fucking titles</li><li>"5 steps to turn $200 into $200,000 with Cryptocurrency"</li><li>Vitalik Sent me $600,000 worth of HEX</li><li>How to Make Money with Crypto (holding up stacks of USD cash)</li><li>Why HEX can EASILY reach $1</li><li>Hex is up 315% what a scam right?</li><li>Verdict - Episode next week.</li><li>Tether</li><li>Our position - Tether is a scam. It is not backed, and you cannot trust it.</li><li>Price - $1</li><li>Price - $1</li><li>Stop using Tether</li><li>Tell Story about how easy DAI is</li><li>Divi</li><li><a href="https://www.cryptobasicpodcast.com/home/divi" rel="nofollow" target="_blank">Episode on the Divi Project</a></li><li>This was a coin we did a 101 on and Karim and Mike definitely disagreed on the evaluation. Karim didn't call it a scam, he just didn't like the project. Here's what I remember about Karim's negative thoughts - this was the only coin that ever had one of their team members have a rational response to it.</li><li>Coin Market cap doesn't have data that far back, oddly, but the earliest they have the price was $.009. per coin b ack in November of 2018.</li><li>Today's price - $.04 - a 440% increase</li><li>Verdict - Wrong for now, probably eat crow.</li><li>79th in Market Cap</li><li><a href="https://www.cryptobasicpodcast.com/home/dragonchain" rel="nofollow" target="_blank">Dragonchain</a></li><li>Our positoin - Lukewarm again. Karim didn't say it was scam, he just didn't really like it. This was a project that was essentially making itself turnkey ICO launchers. Well ICOs aren't really a think anymore and their first ICO's didn't go well.</li><li>The subreddit isn't VERY active but it is actiev.</li><li>Post 2017 bubble highest price - May 2018 $1.35</li><li>Current price $.089</li><li>Verdict - Right to be skeptical of the project, certainly not a scam yet.</li><li>FCoin</li><li><a href="https://www.cryptobasicpodcast.com/home/fcoin" rel="nofollow" target="_blank">Our stance - we released an episode called "Is Fcoin a scam" our answer was fucking yes it was.</a></li><li><a href="https://coinmarketcap.com/exchanges/fcoin/" rel="nofollow" target="_blank">If you go there on coinmarketcap - it says "we have received reported of impeded withdrawls due to insolvency"</a></li><li><a href="https://cointelegraph.com/news/fcoin-blames-poor-auditing-for-shutdown-but-others-suspect-exit-scam" rel="nofollow" target="_blank">They shutdown around February 2020 and blamed "poor auditing" for the shutdown, as they were transferring out tons of money from their cold wallets.</a></li></ul>

Episode 245 - Where are they now?

Welcome to the Crypto Basic Podcast! We'd been gone for a little while (blame our editor and his "exams", yeah right) but we're back and this week we're talking about the big ol' Fed, which announced that it will start buying individual corporate bonds. What does that mean for the economy and the banking system? What the hell are SMFCCs and SPVs? And are they sexually transmitted diseases, or do they just sound like that? Tune into today's episode for the answer to this truly profound and engaging question, and many many more.Fed says it is going to start buying individual corporate bondsThe Federal Reserve said Monday it will start buying individual corporate bonds.In order to “support market function and eases credit conditions.” they added functions to its Secondary Market corporate Credit Facility (SMCCF)SMCCF? - It is a Special Purpose Vehicle launched by the Fed in MarchSPV? - A subsidiary created by a parent company to isolate riskBasically creates separate company with isolated balance sheetSPV operations limited to acquiring and financing specific assetsSPV may be created solely to securitize debt so that investors can be assured of repayment.Can help companies securitize assets,create joint ventures,isolate corporate assets, or perform other financial transactions.Fed is trying to ensure banks continue to lend to corporationsThe SMCCF then buys corporate bonds and Bond ETFs,To encourage lending by ensuring demand for the bondsBut it was only started with bond ETFs….	So lets talk about these functionsSo whereas before it was “passively” buying ETFs at fair market value is (metrics and restrictions)Now it has $750b to buy individual corporate bonds directly (with a maturity of within 5yrs)This is on top of ETFs in the marketThe loans will be tailored to small- and medium-sized companies and can range from $250,000 to $300 million.Dow went from down 700 to a +157pt spike after announcementFed has yet to launch its Primary Market Corporate Credit Facility.

Welcome to the Crypto Basic Podcast! We'd been gone for a little while (blame our editor and his "exams", yeah right) but we're back and this week we're talking about the big ol' Fed, which announced that it will start buying individual corporate bonds. What does that mean for the economy and the banking system? What the hell are SMFCCs and SPVs? And are they sexually transmitted diseases, or do they just sound like that? Tune into today's episode for the answer to this truly profound and engaging question, and many many more. <a href="https://www.cnbc.com/2020/06/15/the-fed-says-it-is-going-to-start-buying-individual-corporate-bonds.html" rel="nofollow" target="_blank">Fed says it is going to start buying individual corporate bonds</a><ul><li>The Federal Reserve said Monday it will start buying individual corporate bonds.In order to “support market function and eases credit conditions.” they added functions to its Secondary Market corporate Credit Facility (SMCCF)SMCCF? - It is a Special Purpose Vehicle launched by the Fed in March</li><li><a href="https://www.investopedia.com/terms/s/spv.asp" rel="nofollow" target="_blank">SPV?</a> - A subsidiary created by a parent company to isolate risk</li><li>Basically creates separate company with isolated balance sheet</li><li>SPV operations limited to acquiring and financing specific assets</li><li>SPV may be created solely to securitize debt so that investors can be assured of repayment.</li><li>Can help companies securitize assets,</li><li>create joint ventures,</li><li>isolate corporate assets, or perform other financial transactions.</li><li>Fed is trying to ensure banks continue to lend to corporations</li><li>The SMCCF then buys corporate bonds and Bond ETFs,</li><li>To encourage lending by ensuring demand for the bonds</li><li>But it was only started with bond ETFs….	So lets talk about these functions</li><li>So whereas before it was “passively” buying ETFs at fair market value is (metrics and restrictions)</li><li>Now it has $750b to buy individual corporate bonds directly (with a maturity of within 5yrs)</li><li>This is on top of ETFs in the market</li><li>The loans will be tailored to small- and medium-sized companies and can range from $250,000 to $300 million.</li><li>Dow went from down 700 to a +157pt spike after announcement</li><li>Fed has yet to launch its Primary Market Corporate Credit Facility.</li></ul>

Episode 244 - Notes on the Federal Reserve

Bitmain

Welcome to the CryptoBasic Podcast! This time around we don't go over a lot of things - we just focus on the basics, the important info, the headlines. Kung Fu, private militias, corporate coups, you know, the good stuff. If this sounds weird to you, tune in to find out what the heck has been going on with Bitmain and how the crypto space can sometimes offer stories and incidents that are truly hollywood-worthy. What is Bitmain exactly?Bitmain produces ASIC miners for the Bitcoin Blockchain. The Antminer. Basically the gold standard in mining gear.They also run Antpool, which is a big mining firm that has a lot of hashpower - but they aren't the biggest.Remember when we covered this in a flagship? Lets go back over.This was back in October 2019.Jihan Wu sent an e-mail to the entire Bitmain team that said that Ketuan Zhan was dismissed from the company.Wu was then given the roles of executive director and legal representative.Then is, Zhan still had 36% of the company in shares, and it wasn't clear what was happing with them.Zhan then filed a lawsuit in the Cayman islands to try and stop this from happening.They also filed to go public in the US with the SEC right before all of this.Zhan wins a victory in April.So the Bejing District Bureau if Justice actually went ahead and blocked Bitmain's attempt at replacing the legal representative with their current CFO. Even though Jihan Wu was the representative, Bitmain wanted to switch.This has been in courts since Jan 2.He was then granted the right to return to his post as legal representative.When he tried to attend the beaureau to collect his registration, he was surrounded by those loyal to Wu, and his license was grabbed from his hands.Then shit got physical, details are sparse.There's now TWO official seals somehow. Zhan wasn't in possession of the real one because it was physically taken from him. I guess in Chinese law the physical seal is pretty important. So there are now two serial numbers and there's dispute as to which one is accurate.Getting more interestingSo most of the staff was working from home because of the PandemicOn June 4 Zhan actually sent all employees a notification via wechat that he was back in the office starting the day before, and that they needed to return to the office to work.There's literally a video out there of Zhan marchingg on the Bitmain offices with armed guardsSo he used his private guard force to enter the office and has apparently seized control.He was handing out $10,000 worth of Yuan for anyone that showed up to the office to work with him.He made a public decree to finish the IPO and have a market cap of over $50M in 5 years.It looks like Zhan has taken control of the company's Wechat account, and has been posting saying that the "new" seal is the official seal.Karim's video suggestion

Welcome to the CryptoBasic Podcast! This time around we don't go over a lot of things - we just focus on the basics, the important info, the headlines. Kung Fu, private militias, corporate coups, you know, the good stuff. If this sounds weird to you, tune in to find out what the heck has been going on with Bitmain and how the crypto space can sometimes offer stories and incidents that are truly hollywood-worthy. <ul><li>What is Bitmain exactly?</li><li>Bitmain produces ASIC miners for the Bitcoin Blockchain. The Antminer. Basically the gold standard in mining gear.</li><li>They also run Antpool, which is a big mining firm that has a lot of hashpower - but they aren't the biggest.</li><li><a href="https://www.coindesk.com/bitmain-turmoil-co-founder-and-director-micree-zhan-ousted-from-management#:~:text=Bitmain%20Turmoil:%20Co-Founder%20and%20Executive%20Director%20Micree%20Zhan%20Ousted,internal%20email%20sent%20to%20staff." rel="nofollow" target="_blank">Remember when we covered this in a flagship? Lets go back over</a>.</li><li>This was back in October 2019.</li><li>Jihan Wu sent an e-mail to the entire Bitmain team that said that Ketuan Zhan was dismissed from the company.</li><li>Wu was then given the roles of executive director and legal representative.</li><li>Then is, Zhan still had 36% of the company in shares, and it wasn't clear what was happing with them.</li><li>Zhan then filed a lawsuit in the Cayman islands to try and stop this from happening.</li><li>They also filed to go public in the US with the SEC right before all of this.</li><li><a href="https://www.coindesk.com/ousted-bitmain-co-founder-wins-partial-victory-in-latest-legal-battle" rel="nofollow" target="_blank">Zhan wins a victory in April.</a></li><li>So the Bejing District Bureau if Justice actually went ahead and blocked Bitmain's attempt at replacing the legal representative with their current CFO. Even though Jihan Wu was the representative, Bitmain wanted to switch.</li><li>This has been in courts since Jan 2.</li><li>He was then granted the right to return to his post as legal representative.</li><li>When he tried to attend the beaureau to collect his registration, he was surrounded by those loyal to Wu, and his license was grabbed from his hands.</li><li>Then shit got physical, details are sparse.</li><li>There's now TWO official seals somehow. Zhan wasn't in possession of the real one because it was physically taken from him. I guess in Chinese law the physical seal is pretty important. So there are now two serial numbers and there's dispute as to which one is accurate.</li><li><a href="https://www.coindesk.com/bitcoin-mining-bitmain-staff-management-feud" rel="nofollow" target="_blank">Getting more interesting</a></li><li>So most of the staff was working from home because of the Pandemic</li><li>On June 4 Zhan actually sent all employees a notification via wechat that he was back in the office starting the day before, and that they needed to return to the office to work.</li><li><a href="https://twitter.com/BlockBeatsChina/status/1268452013139824640" rel="nofollow" target="_blank">There's literally a video out there of Zhan marchingg on the Bitmain offices with armed guards</a></li><li>So he used his private guard force to enter the office and has apparently seized control.</li><li>He was handing out $10,000 worth of Yuan for anyone that showed up to the office to work with him.</li><li>He made a public decree to finish the IPO and have a market cap of over $50M in 5 years.</li><li><a href="https://mp.weixin.qq.com/s/6fzhGTxBMsV6vQPMgr-WOg" rel="nofollow" target="_blank">It looks like Zhan has taken control of the company's Wechat account, and has been posting saying that the "new" seal is the official seal.</a></li><li><a href="https://www.youtube.com/watch?v=HeOVbeh2yr0" rel="nofollow" target="_blank">Karim's video suggestion</a></li></ul>

Episode 243 - Bitmain Coup?

Today the gang's all here, gathered around the fireplace, eating metaphorical marshmallows as papa Karim, our resident economist, busts out the spit facts. We're going over the current economic state of the US, monetary strategies, how they affect economies and trade between them, and much, much more. So, grab a stick, poke a marshmallow and relax while Karim gets them FACTS into your brain.The U.S. Treasury Will Borrow A Record $3 Trillion This Quarter As Stimulus Spending SoarsOver last two months Congress has authorized more than $3 Trillion in emergency stimulusIn order to come up with that cash the Treasury will have to issue record breaking amount of debtLast quarter, the Treasury borrowed about $500 billion, and it plans to borrow another $677 billion in the third quarter.relatively cheap to borrow with record low interest rates (10 year note yielding about 0.6%)The Treasury’s numbers only account for legislation that has been passed to date. Another stimulus package is in the worksUS Debt big picture$25 Trillion threshold crossed, $7 trillion in the last 5 yearsAccording to data from the US Treasury growth is$1.2 million per minute$1.7+ billion per dayNational Debt ClockEvery 15 secs our tax revenue is falling by like 100kDebt per citizen $75,600Per Tax payer though that’s $200,000Currency Creation (M2 Money supply) +$100,000 every few secondsWho owns that debt?Majority of US debt owned by Americans (investors, fed, banks).30% owned by foreign entitiesChina and Japan more than 1 Trillion eachDebt to GDP2019 -publicly held federal debt was almost 80% percent, $17 trillionAccording to CBO estimates then, debt was already rising faster than the economy and was projected to reach 98% by 2030now at 107% and projected to 108% by 2021, our record was 106% year after WWIIAnother chart shows Gross debt to GDP after WWII at around 118%Checked again this morning on Nat debt clock, looks like we broke this barrier as of 5/21 119.08%Saw this back of envelope simplifications 35m to 1 reductionUS as householdIncome - 100k p/yrDebt - $714kUnfunded liabilities (medicare,SS,VA) - $4.2mInternational perspective06-18FWIW Trump said if he gets re-elected he’ll wipe the debt =) he said that last time too and it was +5Trillion going into this (last time we cleared the debt was Andrew Jackson 1835)Interesting quote though to keep this in perspective -“If the Fed didn’t take these and other emergency measures, “the system already would have blown up,The markets would have crashed 10 times over.” - Tim Duy University of Oregon (Economist, US Treasury)Modern Monetary Theory, Is there a limit?MTT points out a government that controls its own currency can't default on debtBut defecit + interest rates increase outstanding debt, is there a limit?Sustainability does not require the government deficit to be zero, or surplusesit requires that the debt increase at the same rate, or more slowly than, GDP growthParts of MMT rely on the President and Congress to fight, at some point, the inflation created by money printingby either tax increases or reducing government spending.But this ignores the political realities that easy for fed to print, but hard for politicians to tax more or cut spendingMMT also "ignores distributional effects of paying for borrowing"Essentially MMT tends to consider debt payment as occruing between two players within the economyAs we mentioned before, irl USA has 30% of debt owned by foreign entitiesInterest payments to those investors reduce the income flowing to U.S. residents, making Americans less well off.This would be justifiable if today’s spending raised income and living standards in the futureSo this is not just a problem of scale, but of allocationHere is the catch 22If we keep creating money, there is going to be inflation unless we raise interest rates (which makes borrowing /spending more expensive)“too much money chasing too few goods”If we raise interest rates, we exacerbate the debt problemDevaluing the currency?strong currency is not necessarily in a nation's best interests.Weak Domestic currencymakes exports more competitive, while making imports more expensiveHaving more exports spurs economic growth,pricey imports can stimulate local consumptionwealth effect also takes hold here as widely held assets prices rise, making ppl feal wealthyDangersDevaluation hurts citizens purchasing power overseasCan lower productivity by making capital equipment and machinery more expensive to importStrategic devaluation doesn't always work though, and here we can get currency warsStrategic reasons to devalue currencyTo boost eports (as explained)To shirnk trade defecitsIf your country was importing too much and exporting too little this can be used to achieve a better balancewhile Many countries run persistent imbalances, Economic theory says this isnt sustainableThe important one here, to reduce Sovereign Debt BurdensIf debt payments are fixed, a weaker currency makes these payments effectively less expensive over time.Say you had to pay $1m each month in interest on outstanding debt… if that same $1m becomes less valuable its easier to pay it offIf we devalue currency by half we effectively owe only 500k value wise“The United States can pay any debt it has because we can always print money to do that,” former Federal Reserve chairman Alan Greenspan said on NBC in 2011. “So there is zero probability of default.”But most goverments are doing very similar things, central banking is the world standard. so as grim as this looks for the US, and arguably the dollar, the fact that it looks so much worse in other fiats creates flight to the dollarCentral Bank Foreign Currency Reserves are 61% Dollars, next best is Euro at 21%Also remember that our discussion on devaluing local currencies applies to tons of countries that do business with the US, like China and Japan (the largest debt holders)Not UnfathomableAccording to Juan Zarate's "Treasur Wars", Russia approached China in 2008 with a plan for a coordinated sale of government-sponsored debt to exacerbate America's financial crisis. China thankfully declined.Still Over a trillion USD countries and companies need to make interest payment on dollar-baseed debt

Today the gang's all here, gathered around the fireplace, eating metaphorical marshmallows as papa Karim, our resident economist, busts out the spit facts. We're going over the current economic state of the US, monetary strategies, how they affect economies and trade between them, and much, much more. So, grab a stick, poke a marshmallow and relax while Karim gets them FACTS into your brain. <a href="https://www.forbes.com/sites/sarahhansen/2020/05/04/the-us-treasury-will-borrow-a-record-3-trillion-this-quarter-as-stimulus-spending-soars/#bc820ba5306c" rel="nofollow" target="_blank">The U.S. Treasury Will Borrow A Record $3 Trillion This Quarter As Stimulus Spending Soars</a><ul><li>Over last two months Congress has authorized more than $3 Trillion in emergency stimulus</li><li>In order to come up with that cash the Treasury will have to issue record breaking amount of debt</li><li>Last quarter, the Treasury borrowed about $500 billion, and it plans to borrow another $677 billion in the third quarter.</li><li>relatively cheap to borrow with record low interest rates (10 year note yielding about 0.6%)</li><li>The Treasury’s numbers only account for legislation that has been passed to date. Another stimulus package is in the works</li></ul>US Debt big picture<ul><li>$25 Trillion threshold crossed, $7 trillion in the last 5 years</li><li>According to data from the US Treasury growth is</li><li>$1.2 million per minute</li><li>$1.7+ billion per day</li></ul><a href="https://www.usdebtclock.org/" rel="nofollow" target="_blank">National Debt Clock</a><ul><li>Every 15 secs our tax revenue is falling by like 100k</li><li>Debt per citizen $75,600</li><li>Per Tax payer though that’s $200,000</li><li>Currency Creation (M2 Money supply) +$100,000 every few seconds</li></ul>Who owns that debt?<ul><li>Majority of US debt owned by Americans (investors, fed, banks).</li><li>30% owned by foreign entities</li><li>China and Japan more than 1 Trillion each</li></ul>Debt to GDP<ul><li>2019 -publicly held federal debt was almost 80% percent, $17 trillion</li><li>According to CBO <a href="https://www.cbo.gov/system/files/2020-03/56165-CBO-debt-primer.pdf" rel="nofollow" target="_blank">estimates</a> then, debt was already rising faster than the economy and was projected to reach 98% by 2030</li><li><a href="https://www.washingtonpost.com/opinions/the-national-debt-is-out-of-control/2020/05/10/4bdac9aa-916a-11ea-9e23-6914ee410a5f_story.html" rel="nofollow" target="_blank">now at 107% and projected to 108% by 2021</a>, our record was <a href="https://fred.stlouisfed.org/series/FYPUGDA188S" rel="nofollow" target="_blank">106% year after WWII</a>Another chart shows Gross debt to GDP after WWII at around 118%</li><li>Checked again this morning on Nat debt clock, looks like we broke this barrier as of 5/21 119.08%</li></ul>Saw this back of envelope simplifications <a href="https://www.titusvilleherald.com/opinion/letters_to_editor/article_83fe1ef2-95c2-11ea-bba7-1f928e1b6615.html" rel="nofollow" target="_blank">35m to 1 reduction</a>US as household<ul><li>Income - 100k p/yr</li><li>Debt - $714k</li><li>Unfunded liabilities (medicare,SS,VA) - $4.2m</li></ul><a href="https://www.pewresearch.org/fact-tank/2020/04/29/coronavirus-downturn-likely-to-add-to-high-government-debt-in-some-countries/" rel="nofollow" target="_blank">International perspective</a><ul><li>06-18</li><li></li></ul>FWIW Trump said if he gets re-elected he’ll wipe the debt =) he said that last time too and it was +5Trillion going into this (last time we cleared the debt was Andrew Jackson 1835)Interesting quote though to keep this in perspective -“If the Fed didn’t take these and other emergency measures, “the system already would have blown up,The markets would have crashed 10 times over.” - <a href="https://www.usatoday.com/in-depth/money/2020/05/12/coronavirushow-u-s-printing-dollars-save-economy-during-crisis-fed/3038117001/" rel="nofollow" target="_blank">Tim Duy University of Oregon (Economist, US Treasury)</a><a href="https://econofact.org/what-is-modern-monetary-theory" rel="nofollow" target="_blank">Modern Monetary Theory</a>, Is there a limit?<ul><li>MTT points out a government that controls its own currency can't default on debt</li><li>But defecit + interest rates increase outstanding debt, is there a limit?</li><li>Sustainability does not require the government deficit to be zero, or surpluses</li><li>it requires that the debt increase at the same rate, or more slowly than, GDP growth</li><li>Parts of MMT rely on the President and Congress to fight, at some point, the inflation created by money printing</li><li>by either tax increases or reducing government spending.</li><li>But this ignores the political realities that easy for fed to print, but hard for politicians to tax more or cut spending</li><li>MMT also "ignores distributional effects of paying for borrowing"</li><li>Essentially MMT tends to consider debt payment as occruing between two players within the economy</li><li>As we mentioned before, irl USA has 30% of debt owned by foreign entities</li><li>Interest payments to those investors reduce the income flowing to U.S. residents, making Americans less well off.</li><li>This would be justifiable if today’s spending raised income and living standards in the future</li><li>So this is not just a problem of scale, but of allocation</li></ul>Here is the catch 22<ul><li>If we keep creating money, there is going to be inflation unless we raise interest rates (which makes borrowing /spending more expensive)</li><li>“too much money chasing too few goods”</li><li>If we raise interest rates, we exacerbate the debt problem</li></ul><a href="https://www.investopedia.com/articles/investing/090215/3-reasons-why-countries-devalue-their-currency.asp" rel="nofollow" target="_blank">Devaluing the currency</a>?<ul><li>strong currency is not necessarily in a nation's best interests.</li><li>Weak Domestic currency</li><li>makes exports more competitive, while making imports more expensive</li><li>Having more exports spurs economic growth,</li><li>pricey imports can stimulate local consumption</li><li>wealth effect also takes hold here as widely held assets prices rise, making ppl feal wealthy</li><li>Dangers</li><li>Devaluation hurts citizens purchasing power overseas</li><li>Can lower productivity by making capital equipment and machinery more expensive to import</li><li>Strategic devaluation doesn't always work though, and here we can get currency wars</li><li>Strategic reasons to devalue currency</li><li>To boost eports (as explained)</li><li>To shirnk trade defecits</li><li>If your country was importing too much and exporting too little this can be used to achieve a better balance</li><li>while Many countries run persistent imbalances, Economic theory says this isnt sustainable</li><li>The important one here, to reduce Sovereign Debt Burdens</li><li>If debt payments are fixed, a weaker currency makes these payments effectively less expensive over time.</li><li>Say you had to pay $1m each month in interest on outstanding debt… if that same $1m becomes less valuable its easier to pay it off</li><li>If we devalue currency by half we effectively owe only 500k value wise</li></ul>“The United States can pay any debt it has because we can always print money to do that,” former Federal Reserve chairman Alan Greenspan said on NBC in 2011. “So there is zero probability of default.”But most goverments are doing very similar things, central banking is the world standard. so as grim as this looks for the US, and arguably the dollar, the fact that it looks so much worse in other fiats creates flight to the dollarCentral Bank Foreign Currency Reserves are 61% Dollars, next best is Euro at 21%Also remember that our discussion on devaluing local currencies applies to tons of countries that do business with the US, like China and Japan (the largest debt holders)<ul><li><a href="https://edition.cnn.com/2020/04/17/perspectives/strong-dollar-coronavirus/index.html" rel="nofollow" target="_blank">Not Unfathomable</a></li><li>According to Juan Zarate's "Treasur Wars", Russia approached China in 2008 with a plan for a coordinated sale of government-sponsored debt to exacerbate America's financial crisis. China thankfully declined.</li></ul>Still Over a trillion USD countries and companies need to make interest payment on dollar-baseed debt

Episode 242 - US Monetary Outlook

Welcome to another episode of the Crypto Basic Podcast, where today we’ll be talking about -surprise surprise- the COVID-19 pandemic. It’s not a random commentary episode though, no general rambling, but a discussion on what we think might be a possible solution for the coronavirus crisis: Contact Tracing. Decentralized, blockchain based, anonymous and, as far as the data predicts, VERY effective. Tune in now to learn the ins and outs of it, and how it would revolutionize pandemic management.Relevant LinksNCase.me Website that has the covid playable simulatorsSource Code for DP-3T LabsA website we've referenced on the show before - ncase.me. This is a great website and it takes you step by step through the process of epidemiology. Why is the virus acting like it does, what ways could it act if things were different?You can play with the simulations to see how even one little thing about the virus changes, and it brings everything into or out of balance.After going on and on down the line, they come to this conclusion - the lockdown doesn't do anything but flatten, and then inevitably reset the curve. Testing doesn't solve the problem, and neither does herd immunity.Enter contact tracing.So what is google building with contact tracing? Well Google isn't exactly building it, but they are funding it.This is being created by a company called DP-3T. Which is a cute short name for Decentralized Privacy-Preserving Proximity Tracing.It is being worked on by cytologists, but it isn't using blockchain.Phones will broadcast via bluetooth what looks like a wallet key every few minutes.If you're close to another phone, your phones will exchange strings.Both phones store those strings for 14 days.If someone gets covid, they're marked as being in a hospital / doctor. The doctor can put in a one time passcode that confirms that the phone holder has been diagnosed with covid.Positive strings get stored in a database, and phones check the database every 5 minutes for any strings that they've heard recently.It's compatible with anyone's app that uses the source code, and the code is public.I see an interesting future, where if this were implemented properly with a public database and zero knowledge proofs, it would solve the problem and keep liberties in tact. The Nuance of the argument.Why it's hard to know where to stand.Fuck Plandemic

Welcome to another episode of the Crypto Basic Podcast, where today we’ll be talking about -surprise surprise- the COVID-19 pandemic. It’s not a random commentary episode though, no general rambling, but a discussion on what we think might be a possible solution for the coronavirus crisis: Contact Tracing. Decentralized, blockchain based, anonymous and, as far as the data predicts, VERY effective. Tune in now to learn the ins and outs of it, and how it would revolutionize pandemic management. Relevant Links <ul><li><a href="http://ncase.me/covid-19/" rel="nofollow" target="_blank">NCase.me Website that has the covid playable simulators</a></li><li><a href="https://github.com/DP-3T/documents#decentralized-privacy-preserving-proximity-tracing" rel="nofollow" target="_blank">Source Code for DP-3T Labs</a></li><li>A website we've referenced on the show before - <a href="http://ncase.me" rel="nofollow" target="_blank">ncase.me</a>. </li><li>This is a great website and it takes you step by step through the process of epidemiology. Why is the virus acting like it does, what ways could it act if things were different?</li><li>You can play with the simulations to see how even one little thing about the virus changes, and it brings everything into or out of balance.</li><li>After going on and on down the line, they come to this conclusion - the lockdown doesn't do anything but flatten, and then inevitably reset the curve. Testing doesn't solve the problem, and neither does herd immunity.</li><li>Enter contact tracing.</li><li>So what is google building with contact tracing? </li><li>Well Google isn't exactly building it, but they are funding it.</li><li>This is being created by a company called DP-3T. Which is a cute short name for Decentralized Privacy-Preserving Proximity Tracing.</li><li>It is being worked on by cytologists, but it isn't using blockchain.</li><li>Phones will broadcast via bluetooth what looks like a wallet key every few minutes.</li><li>If you're close to another phone, your phones will exchange strings.</li><li>Both phones store those strings for 14 days.</li><li>If someone gets covid, they're marked as being in a hospital / doctor. The doctor can put in a one time passcode that confirms that the phone holder has been diagnosed with covid.</li><li>Positive strings get stored in a database, and phones check the database every 5 minutes for any strings that they've heard recently.</li><li>It's compatible with anyone's app that uses the source code, and the code is public.</li><li>I see an interesting future, where if this were implemented properly with a public database and zero knowledge proofs, it would solve the problem and keep liberties in tact. </li><li>The Nuance of the argument.</li><li>Why it's hard to know where to stand.</li><li>Fuck Plandemic</li></ul>

Episode 241 - Contact Tracing: A Crypto Solution to the Pandemic?

_Hello everybody and welcome to another episode of late capitalism, where the labor theory of value is VIOLENTLY becoming obsolete, because now you might be able to get paid in cryptocurrency to perform tasks such as walk, talk, cook (for yourself), throw a tennis ball against the wall, or even just exist. Wow. Tune in to hear the guys talk about sMiles, the weird yet intriguing project that promises all of the above, and find out a couple more unconventional ways to earn crypto on top of that._sMiles app will let you earn Bitcoin for simple everyday activities such as walking or playing games.The app is based on the Lightning Network, Bitcoin's second-level scaling solution.“sMiles stands for sats&amp;miles.What is some sort of activity that could really benefit from this type of incentivizing? Cooking?The startup, StandApp, will soon launch SMiles, an app that allows users to earn crypto for performing simple everyday activities. CEO of Shape Igor Berezovsky says he wants to make people healthier, wealthier, and happier.Shape was started in 1999 and appears to be a company that makes apps. "SHAPE is one of a few startups worldwide that managed to develop more than one bestselling app." Started an app called IM+ that aggregates all your messages from all the different apps.According to Berezovsky, users will get satoshis even for driving, although not as much as for walking since the app wants to promote a healthy lifestyle.This got me thinking about the future. Is this one of the standards we are going to see over the coming years ? Brave was the first one to do this. Is this going to make users lazier or healthier? Like getting paid for Beta testing a video game? What's the incentive for getting paid for driving? Or running? Gamifying life seems dangerous but also kinda cool. Having sex?What is the incentive for an app to pay for running? Is this the new model?

_Hello everybody and welcome to another episode of late capitalism, where the labor theory of value is VIOLENTLY becoming obsolete, because now you might be able to get paid in cryptocurrency to perform tasks such as walk, talk, cook (for yourself), throw a tennis ball against the wall, or even just exist. Wow. Tune in to hear the guys talk about sMiles, the weird yet intriguing project that promises all of the above, and find out a couple more unconventional ways to earn crypto on top of that._ <ul><li>sMiles app will let you earn Bitcoin for simple everyday activities such as walking or playing games.</li><li>The app is based on the Lightning Network, Bitcoin's second-level scaling solution.</li><li>“sMiles stands for sats&amp;miles.</li><li>What is some sort of activity that could really benefit from this type of incentivizing? Cooking?</li></ul>The startup, StandApp, will soon launch SMiles, an app that allows users to earn crypto for performing simple everyday activities. CEO of Shape Igor Berezovsky says he wants to make people healthier, wealthier, and happier.Shape was started in 1999 and appears to be a company that makes apps. "SHAPE is one of a few startups worldwide that managed to develop more than one bestselling app." Started an app called IM+ that aggregates all your messages from all the different apps.According to Berezovsky, users will get satoshis even for driving, although not as much as for walking since the app wants to promote a healthy lifestyle.This got me thinking about the future. Is this one of the standards we are going to see over the coming years ? Brave was the first one to do this. Is this going to make users lazier or healthier? Like getting paid for Beta testing a video game? What's the incentive for getting paid for driving? Or running? Gamifying life seems dangerous but also kinda cool. Having sex?What is the incentive for an app to pay for running? Is this the new model?

Episode 240 - Could you get paid in Bitcoin to... walk?

Welcome to the Crypto Basic Podcast! Today the gang is in a talkative mood and goes on tangents on several issues, but we're focusing on some stuff like Brent's BIG crypto mistake (tune in to find out) and what similar mistakes you should look out for, Adam's dating life, post-covid bailouts, cruise ships and more. Press play! It's a good one.﻿

Welcome to the Crypto Basic Podcast! Today the gang is in a talkative mood and goes on tangents on several issues, but we're focusing on some stuff like Brent's BIG crypto mistake (tune in to find out) and what similar mistakes you should look out for, Adam's dating life, post-covid bailouts, cruise ships and more. Press play! It's a good one.﻿

Episode 239 - The most common crypto noob mistakes

The CryptoBasic Podcast is an educational, honest, and entertaining exploration of the fascinating world of cryptocurrencies. Join hosts Brent Philbin, Karim Baruque, and Michael Laake as they explore concepts and cryptos such as Bitcoin, NEO, Ethereum, Litecoin, Blockchain, Cardano and much more. How does Bitcoin actually work? Should I use Coinbase or Bittrex? What in the world is an ICO? Listen to our 101 episodes on each topic for an in-depth, beginner friendly discussion to find out. Join this trio of professional poker players and lifelong friends as they learn, teach, and joke their way into serious crypto knowledge.

I really like the 101 episodes. We need more shows like this.

We need more shows like this.

Great podcast for Crypto very informative. I just wish they would lay off Trump &amp; politics.

New to Crypto? This podcast is a must!

The CryptoBasic Podcast is an educational, honest, and entertaining exploration of the fascinating world of cryptocurrencies. Join hosts Brent Philbin, Karim Baruque, and Michael Laake as they explore concepts and cryptos such as Bitcoin, NEO, Ethereum, Litecoin, Blockchain, Cardano and much more. How does Bitcoin actually work? Should I use Coinbase or Bittrex? What in the world is an ICO? Listen to our 101 episodes on each topic for an in-depth, beginner friendly discussion to find out. Join this trio of professional poker players and lifelong friends as they learn, teach, and joke their way into serious crypto knowledge.

Crypto Basic Podcast: Teaching You The Basics of Bitcoin and the World of Cryptocurrency. CryptoBasic

Brent spends half of this episode going off on the Oyster and Substratum scams, but Karim and Mike find some ways to get legitimate information in there. Karim geeks out about the Five Deeps misison, Mike talks about the Ethereum Cassic and Ethereum donation, and the team wraps it up with some fun rants (do you know what 0x is?) and mailbag questions.   LINKS TO TOPICS FROM THE SHOW     Oyster Scam on Reddit Oyster CEO Medium  Oyster CEO Medium 2  Redditor calls out oyster months ago  Substratum contract is similar to Oyster.  Warren buffet u-turn  Five Deeps mission  Eth donates to ETH classic     HELP SUPPORT THE PODCAST!   PLEASE Subscribe and give us an honest rating on iTunes.  These links are all referral links for us, but we use every one of these exchanges and wallets. Ledger Wallet Website This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S.  CASH APP HAS BITCOIN! If you sign up through that link the show gets $5 and so do you! Stop the presses. The easiest to use money transfer application (yes it's easier than Venmo) now as a built in way to buy and sell Bitcoin. They even have a no - fee debit card you can use.  CryptoBasicPodcast@gmail.com  405.440.3260  Theme Music - Neledrax by Earradiate (2017)

Brent spends half of this episode going off on the Oyster and Substratum scams, but Karim and Mike find some ways to get legitimate information in there. Karim geeks out about the Five Deeps misison, Mike talks about the Ethereum Cassic and Ethereum donation, and the team wraps it up with some fun rants (do you know what 0x is?) and mailbag questions. LINKS TO TOPICS FROM THE SHOW <ul> <li><a href="https://www.reddit.com/r/CryptoCurrency/comments/9sg08h/do_not_buy_oyster_pearl_prl_the_smart_contract/" rel="nofollow" target="_blank"> Oyster Scam on Reddit</a></li> <li><a href="https://medium.com/oysterprotocol/oyster-update-b813390ce10e" rel="nofollow" target="_blank">Oyster CEO Medium</a></li> <li><a href="https://medium.com/oysterprotocol/oyster-update-10-31-c384696495d6" rel="nofollow" target="_blank"> Oyster CEO Medium 2</a></li> <li><a href="https://np.reddit.com/r/CryptoCurrency/comments/8q97xe/oysters_mainnet_launch_and_why_the_drama_isnt/e0i7m0v/?context=4" rel="nofollow" target="_blank"> Redditor calls out oyster months ago</a></li> <li><a href="https://medium.com/@YagamiLight/the-technical-red-flags-of-the-substratum-network-sub-1f34e8b5ffcb" rel="nofollow" target="_blank"> Substratum contract is similar to Oyster.</a></li> <li><a href="https://www.newsbtc.com/2018/10/31/has-warren-buffett-made-a-u-turn-on-crypto-investments/" rel="nofollow" target="_blank"> Warren buffet u-turn</a></li> <li><a href="https://www.businessinsider.com/submarine-to-visit-deepest-parts-of-the-ocean-in-five-deeps-expedition-2018-10?r=US&amp;IR=T&amp;jwsource=cl" rel="nofollow" target="_blank"> Five Deeps mission</a></li> <li><a href="https://medium.com/@virgilgr/special-projects-announces-donation-to-ethereum-classic-cooperative-e3bc28c95d0" rel="nofollow" target="_blank"> Eth donates to ETH classic</a></li> </ul> HELP SUPPORT THE PODCAST! <a href="https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2&amp;at=1001lJEw" rel="nofollow" target="_blank"> PLEASE Subscribe and give us an honest rating on iTunes.</a> These links are all referral links for us, but we use every one of these exchanges and wallets. <a href="https://www.ledgerwallet.com/r/d6b6" rel="nofollow" target="_blank">Ledger Wallet Website</a> This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S. <a href="https://cash.me/app/RMFXXXL" rel="nofollow" target="_blank">CASH APP HAS BITCOIN!</a> If you sign up through that link the show gets $5 and so do you! Stop the presses. The easiest to use money transfer application (yes it's easier than Venmo) now as a built in way to buy and sell Bitcoin. They even have a no - fee debit card you can use. <a href="mailto:CryptoBasicPodcast@gmail.com" rel="nofollow">CryptoBasicPodcast@gmail.com</a> 405.440.3260 Theme Music - Neledrax by Earradiate (2017)

Oyster Scam, Substratum Scam, and more news - Flagship 44

Binance

FLAGSHIP 76 - 6/14/19 Brent is back on the show just in time to get hacked. Binance is coming to the US, but weren't they already there? Facebook announces more plans for the Libra and announces the help of some serious tech giants. Giants that gave them $10M of course. There's a lot more news to cover on this edition of the flagship.   Rapid Fire  r/CryptoCurrency - Uber, MasterCard, Visa and other big companies have reportedly signed on to Facebook's blockchain efforts  https://www.businessinsider.com/facebook-enlists-uber-mastercard-visa-back-cryptocurrency-2019-6?utm_source=reddit.com Uber, MasterCard, Stripe, Visa, and Booking.com have been persuaded to support it's new crypto.  Binance Says It's Launching a US Exchange With FinCEN-Registered Partner - CoinDesk Binance is launching a US exchange with a FinCEN registered partner called BAM Trading Service Reuters &amp; Bloomberg to add a Crypto Index to the terminal Reuters and Bloomberg will soon provide cryptocurrency data and will be able to access the top 100 performing cryptocurrencies. adoption of crypto indices into conventional trading terminals is definitely positive    BULLISH OR BULLSHIT - Google will integrate Chainlink in their approach to smart contract adoption.  We always like to hear Google and Blockchain together, so what gives here Quick version - they're using Chainlink as a Decentralized Oracle on an Ethereum Smart Contract. They haven't implemented anything, just used it. Quick explanation of an oracle. Use cases google thinks this provides -  Prediction Markets Hedging Against Blockchain Platform Risk Enabling commit/reveals across Ethereum using submarine sends (huh?)  Basically this is a pseudo privacy option. One of the things that happens on DEXs is that you can take advantage of the fact that transactions have to go on a blockchain in a certain order. If you know an order was filled you can put in a bigger order later and it would get moved to the top, or even bump that order off. Especially problematic during ICO releases.     I really like this quote  "The decentralized finance movement is rapidly gaining adoption due to its successful reinvention of the existing financial system in blockchain environments which, on a technical basis, are more trustworthy and transparent than current systems."       Retail Giant Target Is Quietly Working on a Blockchain for Supply Chains -Target has been quiet regarding blockchain. In 2016 they hired Aarthi Srinivasan as director of product management for machine learning and blockchain. So clearly they are being secretive about what they are doing. Target has pledged to support IBM's Hyperledger Grid which is a supply chain framework. They are currently seeking a blockchain engineer and a systems developer on their career page. incorporating identity verification tech "investing in supply chain improvements"    BULLISH OR BULLSHIT - A Bank in Liechtenstein Grew its Traffic by 900% by Selling Currencies  Lets first talk about Liechtenstein -  It's a German Speaking country that's between Austria and Switzerland Takes up a total area of 61.78 Square Miles and has 37,000 people. That's about 1/20th the size of Rhode Island. They have a lot of castles. One of the highest GDPs per person in the world. They're a member of the UN They use the Swiss Franc   So the company's name is "Bank Frick" march of last year they started offering crypto for professional traders and financial consultant customers  BTC, BCH, ETH, XRP, LTC, ETC, NEM, QTUM, and XLM They can only make one transaction per day They hold all reserves in cold storage. They're even creating a subsidiary that will allow trading called DLT Markets So here's the 900% part - They basically had more website visits. They went from 120 impressions on their website to 1250/month at their peak.     Coinmarketcap Launches Data Accountability and Transparency alliance - DATA  Remember Bitcoin2 from last week? Basically they were on 2 super shitty exchanges and had some fake volume and popped up into the top 100 of CMC. This probably isn't a direct response, but should be a step in mitigating that problem on CMC in the future. So far the following have joined -  Binance, Bittrex, Liquid, IDEX, OKEX, Huobi, HitBTC, Upbit, Kucoin, Bitfinex, OceanEX, bithumb, Bancor, Gate.io, Bibox, Hacken, Exmo, Coinfloor, Bitrue, Switcheo, Midas protocol, Crypto Briefing, Flipside Crypto.   They want to use a standard API across all platforms - CoinMarket Cap's of course. Twice yearly round table on suggested updates to transparency policy. Funding for proof of concept prototypes. That's all we know, but I think this is a result of competition. OnChainFX has been doing something similar with a really much better source of people to be a part of it.   

<h1>FLAGSHIP 76 - 6/14/19</h1> <h1>Brent is back on the show just in time to get hacked. Binance is coming to the US, but weren't they already there? Facebook announces more plans for the Libra and announces the help of some serious tech giants. Giants that gave them $10M of course. There's a lot more news to cover on this edition of the flagship.</h1> <ul> <li> Rapid Fire <a href="https://www.reddit.com/r/CryptoCurrency/comments/c0dtz9/uber_mastercard_visa_and_other_big_companies_have/?st=JWVFNG10&amp;sh=bd207bb2" rel="nofollow" target="_blank"> r/CryptoCurrency - Uber, MasterCard, Visa and other big companies have reportedly signed on to Facebook's blockchain efforts</a> <a href="https://www.businessinsider.com/facebook-enlists-uber-mastercard-visa-back-cryptocurrency-2019-6?utm_source=reddit.com" rel="nofollow" target="_blank"> https://www.businessinsider.com/facebook-enlists-uber-mastercard-visa-back-cryptocurrency-2019-6?utm_source=reddit.com</a> Uber, MasterCard, Stripe, Visa, and <a href="http://booking.com/" rel="nofollow" target="_blank">Booking.com</a> have been persuaded to support it's new crypto. <a href="https://www.coindesk.com/binance-says-its-launching-a-us-exchange-with-fincen-registered-partner" rel="nofollow" target="_blank"> Binance Says It's Launching a US Exchange With FinCEN-Registered Partner - CoinDesk</a> Binance is launching a US exchange with a FinCEN registered partner called BAM Trading Service <a href="https://www.inwara.com/crypto-index-terminal" rel="nofollow" target="_blank">Reuters &amp; Bloomberg to add a Crypto Index to the terminal</a> <a href="https://www.inwara.com/crypto-index-terminal" rel="nofollow" target="_blank">Reuters and Bloomberg will soon provide cryptocurrency data and will be able to access the top 100 performing cryptocurrencies. adoption of crypto indices into conventional trading terminals is definitely positive</a> </li> <li> <a href="https://cloud.google.com/blog/products/data-analytics/building-hybrid-blockchain-cloud-applications-with-ethereum-and-google-cloud" rel="nofollow" target="_blank"> BULLISH OR BULLSHIT - Google will integrate Chainlink in their approach to smart contract adoption</a>. <ul> <li>We always like to hear Google and Blockchain together, so what gives here</li> <li>Quick version - they're using Chainlink as a Decentralized Oracle on an Ethereum Smart Contract.</li> <li>They haven't implemented anything, just used it.</li> <li>Quick explanation of an oracle.</li> <li>Use cases google thinks this provides - <ul> <li>Prediction Markets</li> <li>Hedging Against Blockchain Platform Risk</li> <li>Enabling commit/reveals across Ethereum using submarine sends (huh?) <ul> <li>Basically this is a pseudo privacy option.</li> <li>One of the things that happens on DEXs is that you can take advantage of the fact that transactions have to go on a blockchain in a certain order.</li> <li>If you know an order was filled you can put in a bigger order later and it would get moved to the top, or even bump that order off.</li> <li>Especially problematic during ICO releases.</li> </ul> </li> </ul> </li> <li>I really like this quote <ul> <li>"The decentralized finance movement is rapidly gaining adoption due to its successful reinvention of the existing financial system in blockchain environments which, on a technical basis, are more trustworthy and transparent than current systems."</li> </ul> </li> </ul> </li> <li> <a href="https://www.coindesk.com/retail-giant-target-is-working-on-a-blockchain-for-supply-chains" rel="nofollow" target="_blank"> Retail Giant Target Is Quietly Working on a Blockchain for Supply Chains</a> -Target has been quiet regarding blockchain. In 2016 they hired Aarthi Srinivasan as director of product management for machine learning and blockchain. So clearly they are being secretive about what they are doing. Target has pledged to support IBM's Hyperledger Grid which is a supply chain framework. They are currently seeking a blockchain engineer and a systems developer on their career page. incorporating identity verification tech "investing in supply chain improvements" </li> <li> <a href="https://blog.bitsofgold.net/a-bank-in-liechtenstein-grew-its-traffic-by-900-by-selling-cryptocurrencies/" rel="nofollow" target="_blank"> BULLISH OR BULLSHIT - A Bank in Liechtenstein Grew its Traffic by 900% by Selling Currencies</a> <ul> <li>Lets first talk about Liechtenstein - <ul> <li>It's a German Speaking country that's between Austria and Switzerland</li> <li>Takes up a total area of 61.78 Square Miles and has 37,000 people. That's about 1/20th the size of Rhode Island.</li> <li>They have a lot of castles.</li> <li>One of the highest GDPs per person in the world.</li> <li>They're a member of the UN</li> <li>They use the Swiss Franc</li> </ul> </li> <li>So the company's name is "Bank Frick"</li> <li>march of last year they started offering crypto for professional traders and financial consultant customers <ul> <li>BTC, BCH, ETH, XRP, LTC, ETC, NEM, QTUM, and XLM</li> <li>They can only make one transaction per day</li> <li>They hold all reserves in cold storage.</li> <li>They're even creating a subsidiary that will allow trading called DLT Markets</li> <li>So here's the 900% part - They basically had more website visits. They went from 120 impressions on their website to 1250/month at their peak.</li> </ul> </li> </ul> </li> <li><a href="https://coinmarketcap.com/data-transparency-alliance/" rel="nofollow" target="_blank">Coinmarketcap Launches Data Accountability and Transparency alliance - DATA</a> <ul> <li>Remember Bitcoin2 from last week? Basically they were on 2 super shitty exchanges and had some fake volume and popped up into the top 100 of CMC.</li> <li>This probably isn't a direct response, but should be a step in mitigating that problem on CMC in the future. So far the following have joined - <ul> <li>Binance, Bittrex, Liquid, IDEX, OKEX, Huobi, HitBTC, Upbit, Kucoin, Bitfinex, OceanEX, bithumb, Bancor, <a href="http://Gate.io" rel="nofollow" target="_blank">Gate.io</a>, Bibox, Hacken, Exmo, Coinfloor, Bitrue, Switcheo, Midas protocol, Crypto Briefing, Flipside Crypto.</li> </ul> </li> <li>They want to use a standard API across all platforms - CoinMarket Cap's of course.</li> <li>Twice yearly round table on suggested updates to transparency policy.</li> <li>Funding for proof of concept prototypes.</li> <li>That's all we know, but I think this is a result of competition.</li> <li>OnChainFX has been doing something similar with a really much better source of people to be a part of it.</li> </ul> </li> </ul>

Episode 187 - Binance in the US, Facebook's Libra, and more

Andreas M. Antonopoulos

Welcome to another episode of CryptoConvos, where today we have a VERY special guest who needs no introduction to most of our listeners!He is very well known in the cryptoverse for his educational work and to-the-point, in-depth analysis of various aspects of blockchain technology and cryptocurrency. He has published several books about crypto and has been attending conferences as a speaker since as early as 2012. Join us in welcoming Andreas M. Antonopoulos to the CryptoBasic Podcast!Karim and Adam sit down with Andreas to discuss all kinds of issues, ranging from the political aspects of crypto's rapid development to the future of crypto's adoption within the framework of contemporary economic trends and infrastructure. However, we wouldn't want to spoil the episode for you, so tune in for an engaging and interesting conversation!Find Andreas on the following links:Andreas' TwitterAndreas' Official WebsiteAndreas' publications on Amazon

Welcome to another episode of CryptoConvos, where today we have a VERY special guest who needs no introduction to most of our listeners! He is very well known in the cryptoverse for his educational work and to-the-point, in-depth analysis of various aspects of blockchain technology and cryptocurrency. He has published several books about crypto and has been attending conferences as a speaker since as early as 2012. Join us in welcoming Andreas M. Antonopoulos to the CryptoBasic Podcast! Karim and Adam sit down with Andreas to discuss all kinds of issues, ranging from the political aspects of crypto's rapid development to the future of crypto's adoption within the framework of contemporary economic trends and infrastructure. However, we wouldn't want to spoil the episode for you, so tune in for an engaging and interesting conversation! Find Andreas on the following links:<a href="https://twitter.com/aantonop?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor" rel="nofollow" target="_blank">Andreas' Twitter</a><a href="https://aantonop.com/" rel="nofollow" target="_blank">Andreas' Official Website</a><a href="https://www.amazon.com/Andreas-M.-Antonopoulos/e/B00MVAG8Z8" rel="nofollow" target="_blank">Andreas' publications on Amazon</a>

Episode 214 - CryptoConvos: Andreas M. Antonopoulos

Karim is off galavanting the nation so Brent and Mike try to take care of things without him. They do a fantastic job, talking about how Fidelity is getting involved with Bitcoin and Ethereum, breaking down all the Cardano Foundation drama. Also, did you know the Ledger Nano S was 20% off? Better grab one with the link below! LINKS TO TOPICS FROM THE SHOW   Fidelity Rolls out a Crypto Service  Tether is all over the place  Decred is making their DAO  Cardano Drama Open Letter Ethereum Classic Dapps The D wants the B  Gun shop takes Bitcoin   HELP SUPPORT THE PODCAST!   PLEASE Subscribe and give us an honest rating on iTunes.  These links are all referral links for us, but we use every one of these exchanges and wallets. Ledger Wallet Website This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S.  CASH APP HAS BITCOIN! If you sign up through that link the show gets $5 and so do you! Stop the presses. The easiest to use money transfer application (yes it's easier than Venmo) now as a built in way to buy and sell Bitcoin. They even have a no - fee debit card you can use.  CryptoBasicPodcast@gmail.com  405.440.3260    Theme Music - Neledrax by Earradiate (2017)

Karim is off galavanting the nation so Brent and Mike try to take care of things without him. They do a fantastic job, talking about how Fidelity is getting involved with Bitcoin and Ethereum, breaking down all the Cardano Foundation drama. Also, did you know the Ledger Nano S was 20% off? Better grab one with the link below! LINKS TO TOPICS FROM THE SHOW <ul> <li><a href="https://www.morningbrew.com/stories/fidelity-rolls-out-crypto-company/" rel="nofollow" target="_blank"> Fidelity Rolls out a Crypto Service</a></li> <li><a href="https://www.reddit.com/r/CryptoCurrency/comments/9oa9iz/what_the_hell_is_going_on/" rel="nofollow" target="_blank"> Tether is all over the place</a></li> <li><a href="https://www.coindesk.com/decred-is-turning-its-entire-21-million-crypto-treasury-over-to-investors/" rel="nofollow" target="_blank"> Decred is making their DAO</a></li> <li><a href="https://iohk.io/blog/an-open-letter-to-the-cardano-community-from-iohk-and-emurgo/" rel="nofollow" target="_blank"> Cardano Drama Open Letter</a></li> <li><a href="https://ethereumclassic.org/powered-by-etc/" rel="nofollow" target="_blank">Ethereum Classic Dapps</a></li> <li><a href="https://i.redd.it/bswfuq31c1s11.jpg" rel="nofollow" target="_blank">The D wants the B</a></li> <li><a href="https://www.reddit.com/r/CryptoCurrency/comments/9o25m2/as_a_business_that_actually_accepts/" rel="nofollow" target="_blank"> Gun shop takes Bitcoin</a></li> </ul> HELP SUPPORT THE PODCAST! <a href="https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2&amp;at=1001lJEw" rel="nofollow" target="_blank"> PLEASE Subscribe and give us an honest rating on iTunes.</a> These links are all referral links for us, but we use every one of these exchanges and wallets. <a href="https://www.ledgerwallet.com/r/d6b6" rel="nofollow" target="_blank">Ledger Wallet Website</a> This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S. <a href="https://cash.me/app/RMFXXXL" rel="nofollow" target="_blank">CASH APP HAS BITCOIN!</a> If you sign up through that link the show gets $5 and so do you! Stop the presses. The easiest to use money transfer application (yes it's easier than Venmo) now as a built in way to buy and sell Bitcoin. They even have a no - fee debit card you can use. <a href="mailto:CryptoBasicPodcast@gmail.com" rel="nofollow">CryptoBasicPodcast@gmail.com</a> 405.440.3260 Theme Music - Neledrax by Earradiate (2017)

Fidelity Crypto, Tether and Cardano Drama

Welcome to the first Flagship of the decade! Unfortunately Adam's preoccupied with other biznis this week, so Brent and Karim are here to start 2020 off, going over the stories that we missed over the holidays. In this episode we talk about Google possibly targeting crypto on their platforms, about the past decade's investing rundown, about Brent finally (maybe) tracking down the guy that scammed him and much, much more - only on the CryptoBasic Podcast.Rapid FireKARIM QUESTIONVICE has an episode out on Crypto, I haven't watched but I love Vice.You can now send Crypto to EMAIL addresses in Coinbase accounts. This is contained within Coinbase, and honestly I have no idea why this took so long.Is Google Targeting Bitcoin / Crypto?Many youtubers have been de-monetized over the last few weeks that have their channels primarily dedicated to crypto content. It appears google is targeting links in exchanges. This was huge channels like Ivan on Tech, Boxmining, Data Dash, etc.Youtube DID release a statement saying it was in error.They also took Metamask off of their Play store. This isn't the first time Metamask has been shut down, but last time it was because there was a clone that was doing something wrong. This time it was for "mining" and metamask lost their appeal.Currently there is an Early Access version of Metamask with 0 reviews, so don't download this version until you are told.Bitcoin Kicks Off 2020 More Secure Than Ever as Hash Rate Hits Recordmultiple monitoring resources including Blockchain and Coin Dance confirmed hash rate was higher than ever on the first day of the new year.119-143 quintillion hashes per secondwtf is quintillion? - 1q Pennies laid out flat would cover the earth 2.5x overOne quintillion is one thousand quadrillions, which is one thousand trillionsIt would take between 25,000-100,000 galaxies like our own to total a quintillion starsBitcoin Declared Legal Commodity in Chinese CourtThis was in Mid July!Originally shared by Dovey Wan, someone Adam loves following on Twitter that ISN'T Justin.This is the second such case in China that made this ruling"the cryptocurrency meets the virtual property requirements because it has value, is scarce, and disposable"This whole thing was based on a lawsuit on TaoBao, which is like AliBaba without the english version. They had a FXBTC exchange, and and the case dragged out so long that the planiff, Mr. Wu (really). lost 2675 BTC, but was only suing for $11,000 originally. It looks like this might have been a "you canceled my trade so I lost money" thing. He had an order in when the exchange shut down so he never HAD the BTC.So while they did rule that BTC was property, they did not rule in Wu's favor.This decade in investing - KarimAccording to a recent report by Bank of America Securities, if you invested $1 in bitcoin at the start of the decade, it would now be worth more than $90,000.anybody stuck with a spare kyat — the local currency of Myanmar (previously Burma) — won't be too happy.Due to ethnic conflicts, violence, instability, $1 in kyat at the beginning of the decade worth just 4 tenths of one US cent todayStock MarketsGreececontinued to struggle in the wake of its debt crisis.$1 dollar invested in the Greek equity market in 2010 is now worth only 7 cents.United States was the best stock market in the world, with $1 in American stocks now valued at about $3.46. That's a gain of nearly 250%.Also best bonds, A 30-year Treasury that was worth $1 in 2010 is now valued at about $2.08.Turkey had the worst bond of the decade. A dollar in benchmark Turkish bonds at the beginning of 2010 is now worth only 61 cents.In 2010, no bonds had negative yields. 2019 had $17 trillion's worth of sovereign debt sporting a negative yieldCentral BanksThe Brazilian central bank was the most active — with 25 rate cuts and 24 rate hikes since 2010.Bank of Japan was the quietest central bank. It lowered rates once in the past ten years — to negative territory in 2016.As interest rates have fallen, investors have flocked to gold, which was the top commodity of the 2010s. $1 of gold in 2010 is now worth $1.34.crude oil was the worst commodity. A dollar's worth of oil is now valued at just 74 cents.Opera becomes first major browser to allow native sending of BTCThis is direct Peer to Peer inside of the Opera browser.October 21stNot only Bitcoin - it also allows Tron .They already allowed ETH previously to this, but it was the first Native BTC browser.Wikipedia became a verified Brave Publisherhttps://www.reddit.com/r/CryptoCurrency/comments/ecm7a5/teen_arrested_for_stealing_over_1m_in/This literally may have been the guy that hacked me.This was just a couple of weeks ago.This teen has been charged with 87 Counts of Grand Larceny, and he clearly targeted Crypto between Jan 20 and May 19.He even got $1M from just 2 victims.Police seized 6 iPhones, two Rolex's, and a monogrammed Gucci Wallet in addition to a bunch of high end jewelry at his residenceGoogle Knows what you were doing in 2010 Right on Jan 1.THAT'S A SCAMCryptocurrency Investors Want Dead Executive Exhumed - KGerald W. Cotten died last year, clients at Quadriga CX unable to gain access to at least $250mOperations encrypted and he's the only one who knew the passwordQuadriga based in Nova scotia, lawyers assigned by court to represent clients asking to exhume body and conduct an autopsy“to confirm both its identity and the cause of death.”lawyers requested that the exhumation and autopsy be completed “by spring of 2020firm announced his death on Jan. 14 in a Facebook post that said he had died more than a month earlier — on Dec. 9, 2018while traveling in India.died of complications from Crohn’s disease, an inflammatory bowel disease that is rarely fatal.Replacement CEO said no access to passwords, couldnt find keys or cold storageFBI and IRS looking into the firm, Accounting Firm assigned to go over company for possible sale said Quadriga did not appear to possess any “basic corporate records,” including accounting records.They had also transferred tons of crypto into personal accounts of Cotten on other exchanges, with no business justificationExitPlease join the conversation in the Discord. We're in there all the time.Rate us on iTunes.Follow CryptoBasicBrent on Reddit.We are not Financial advisers.

Welcome to the first Flagship of the decade! Unfortunately Adam's preoccupied with other biznis this week, so Brent and Karim are here to start 2020 off, going over the stories that we missed over the holidays. In this episode we talk about Google possibly targeting crypto on their platforms, about the past decade's investing rundown, about Brent finally (maybe) tracking down the guy that scammed him and much, much more - only on the CryptoBasic Podcast. <ul><li>Rapid Fire</li><li>KARIM QUESTION</li><li>VICE has an episode out on Crypto, I haven't watched but I love Vice.</li><li>You can now send Crypto to EMAIL addresses in Coinbase accounts. This is contained within Coinbase, and honestly I have no idea why this took so long.</li><li>Is Google Targeting Bitcoin / Crypto?</li><li>Many youtubers have been de-monetized over the last few weeks that have their channels primarily dedicated to crypto content. It appears google is targeting links in exchanges. This was huge channels like Ivan on Tech, Boxmining, Data Dash, etc.</li><li>Youtube DID release a statement saying it was in error.</li><li>They also took Metamask off of their Play store. This isn't the first time Metamask has been shut down, but last time it was because there was a clone that was doing something wrong. This time it was for "mining" and metamask lost their appeal.</li><li>Currently there is an Early Access version of Metamask with 0 reviews, so don't download this version until you are told.</li><li><a href="https://cointelegraph.com/news/bitcoin-kicks-off-2020-more-secure-than-ever-as-hash-rate-hits-record" rel="nofollow" target="_blank">Bitcoin Kicks Off 2020 More Secure Than Ever as Hash Rate Hits Record</a>multiple monitoring resources including Blockchain and Coin Dance confirmed hash rate was higher than ever on the first day of the new year.</li><li>119-143 quintillion hashes per second</li><li>wtf is quintillion? - 1q Pennies laid out flat would cover the earth 2.5x over</li><li>One quintillion is one thousand quadrillions, which is one thousand trillions</li><li>It would take between 25,000-100,000 galaxies like our own to total a quintillion stars</li><li><a href="https://www.reddit.com/r/CryptoCurrency/comments/cf0hqq/bitcoin_declared_legal_commodity_in_chinese_court/" rel="nofollow" target="_blank">Bitcoin Declared Legal Commodity in Chinese Court</a>This was in Mid July!</li><li>Originally shared by Dovey Wan, someone Adam loves following on Twitter that ISN'T Justin.</li><li>This is the second such case in China that made this ruling</li><li>"the cryptocurrency meets the virtual property requirements because it has value, is scarce, and disposable"</li><li>This whole thing was based on a lawsuit on TaoBao, which is like AliBaba without the english version. They had a FXBTC exchange, and and the case dragged out so long that the planiff, Mr. Wu (really). lost 2675 BTC, but was only suing for $11,000 originally. It looks like this might have been a "you canceled my trade so I lost money" thing. He had an order in when the exchange shut down so he never HAD the BTC.</li><li>So while they did rule that BTC was property, they did not rule in Wu's favor.</li><li>This decade in investing - Karim</li><li>According to a recent report by Bank of America Securities, if you invested $1 in bitcoin at the start of the decade, it would now be worth more than $90,000.</li><li>anybody stuck with a spare kyat — the local currency of Myanmar (previously Burma) — won't be too happy.</li><li>Due to ethnic conflicts, violence, instability, $1 in kyat at the beginning of the decade worth just 4 tenths of one US cent today</li><li>Stock Markets</li><li>Greece</li><li>continued to struggle in the wake of its debt crisis.</li><li>$1 dollar invested in the Greek equity market in 2010 is now worth only 7 cents.</li><li>United States was the best stock market in the world, with $1 in American stocks now valued at about $3.46. That's a gain of nearly 250%.</li><li>Also best bonds, A 30-year Treasury that was worth $1 in 2010 is now valued at about $2.08.</li><li>Turkey had the worst bond of the decade. A dollar in benchmark Turkish bonds at the beginning of 2010 is now worth only 61 cents.</li><li>In 2010, no bonds had negative yields. 2019 had $17 trillion's worth of sovereign debt sporting a negative yield</li><li>Central Banks</li><li>The Brazilian central bank was the most active — with 25 rate cuts and 24 rate hikes since 2010.</li><li>Bank of Japan was the quietest central bank. It lowered rates once in the past ten years — to negative territory in 2016.</li><li>As interest rates have fallen, investors have flocked to gold, which was the top commodity of the 2010s. $1 of gold in 2010 is now worth $1.34.</li><li>crude oil was the worst commodity. A dollar's worth of oil is now valued at just 74 cents.</li><li><a href="https://www.reddit.com/r/CryptoCurrency/comments/dle84j/opera_becomes_first_major_browser_to_enable/" rel="nofollow" target="_blank">Opera becomes first major browser to allow native sending of BTC</a>This is direct Peer to Peer inside of the Opera browser.</li><li>October 21st</li><li>Not only Bitcoin - it also allows Tron .</li><li>They already allowed ETH previously to this, but it was the first Native BTC browser.</li></ul><h2><a href="https://www.reddit.com/r/CryptoCurrency/comments/cw0bqt/wikipedia_is_now_a_verified_brave_publisher/" rel="nofollow" target="_blank">Wikipedia became a verified Brave Publisher</a></h2><ul><li><a href="https://www.reddit.com/r/CryptoCurrency/comments/ecm7a5/teen_arrested_for_stealing_over_1m_in/" rel="nofollow" target="_blank">https://www.reddit.com/r/CryptoCurrency/comments/ecm7a5/teen_arrested_for_stealing_over_1m_in/</a>This literally may have been the guy that hacked me.</li><li>This was just a couple of weeks ago.</li><li>This teen has been charged with 87 Counts of Grand Larceny, and he clearly targeted Crypto between Jan 20 and May 19.</li><li>He even got $1M from just 2 victims.</li><li>Police seized 6 iPhones, two Rolex's, and a monogrammed Gucci Wallet in addition to a bunch of high end jewelry at his residence</li><li>Google Knows what you were doing in 2010 Right on Jan 1.</li></ul><h3>THAT'S A SCAM</h3><ul><li><a href="https://www.nytimes.com/2019/12/17/business/gerald-cotten-death-cryptocurrency.html" rel="nofollow" target="_blank">Cryptocurrency Investors Want Dead Executive Exhumed</a> - K</li><li>Gerald W. Cotten died last year, clients at Quadriga CX unable to gain access to at least $250m</li><li>Operations encrypted and he's the only one who knew the password</li><li>Quadriga based in Nova scotia, lawyers assigned by court to represent clients asking to exhume body and conduct an autopsy</li><li>“to confirm both its identity and the cause of death.”</li><li>lawyers requested that the exhumation and autopsy be completed “by spring of 2020</li><li>firm announced his death on Jan. 14 in a Facebook post that said he had died more than a month earlier — on Dec. 9, 2018</li><li>while traveling in India.</li><li>died of complications from Crohn’s disease, an inflammatory bowel disease that is rarely fatal.</li><li>Replacement CEO said no access to passwords, couldnt find keys or cold storage</li><li>FBI and IRS looking into the firm, Accounting Firm assigned to go over company for possible sale said Quadriga did not appear to possess any “basic corporate records,” including accounting records.</li><li>They had also transferred tons of crypto into personal accounts of Cotten on other exchanges, with no business justification</li><li>Exit</li><li>Please join the conversation in the Discord. We're in there all the time.</li><li>Rate us on iTunes.</li><li>Follow CryptoBasicBrent on Reddit.</li><li>We are not Financial advisers.</li></ul>

Episode 218 - The decade in investing, Google targeting crypto, and more.

Decentraland. The virtual world where dreams come true and whales reign supreme. Do you have what it takes to walk from parcel to parcel? Will you open a casino or maybe a night club? A shell game perhaps? Mike and Brent talk about this unique project in the crypto space, as well as have some musing about the future. LINKS TO TOPICS FROM THE SHOW  Whitepaper  ICO Drama 1 ICO Drama 2 Decentraland FAQ Subreddit Website   HELP SUPPORT THE PODCAST!   PLEASE Subscribe and give us an honest rating on iTunes.  These links are all referral links for us, but we use every one of these exchanges and wallets. Ledger Wallet Website This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S.  CASH APP HAS BITCOIN! If you sign up through that link the show gets $5 and so do you! Stop the presses. The easiest to use money transfer application (yes it's easier than Venmo) now as a built in way to buy and sell Bitcoin. They even have a no - fee debit card you can use.  CryptoBasicPodcast@gmail.com  405.440.3260  Theme Music - Neledrax by Earradiate (2017)

Decentraland. The virtual world where dreams come true and whales reign supreme. Do you have what it takes to walk from parcel to parcel? Will you open a casino or maybe a night club? A shell game perhaps? Mike and Brent talk about this unique project in the crypto space, as well as have some musing about the future. LINKS TO TOPICS FROM THE SHOW <ul> <li><a href="https://decentraland.org/whitepaper.pdf" rel="nofollow" target="_blank">Whitepaper</a></li> <li><a href="https://www.reddit.com/r/decentraland/comments/6udgg2/the_ico_was_already_full_before_block_4170700/" rel="nofollow" target="_blank"> ICO Drama 1</a></li> <li><a href="https://icodrops.com/decentraland/" rel="nofollow" target="_blank">ICO Drama 2</a></li> <li><a href="https://docs.decentraland.org/decentraland/faq/" rel="nofollow" target="_blank">Decentraland FAQ</a></li> <li><a href="https://www.reddit.com/r/decentraland/" rel="nofollow" target="_blank">Subreddit</a></li> <li><a href="https://decentraland.org/" rel="nofollow" target="_blank">Website</a></li> </ul> HELP SUPPORT THE PODCAST! <a href="https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2&amp;at=1001lJEw" rel="nofollow" target="_blank"> PLEASE Subscribe and give us an honest rating on iTunes.</a> These links are all referral links for us, but we use every one of these exchanges and wallets. <a href="https://www.ledgerwallet.com/r/d6b6" rel="nofollow" target="_blank">Ledger Wallet Website</a> This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S. <a href="https://cash.me/app/RMFXXXL" rel="nofollow" target="_blank">CASH APP HAS BITCOIN!</a> If you sign up through that link the show gets $5 and so do you! Stop the presses. The easiest to use money transfer application (yes it's easier than Venmo) now as a built in way to buy and sell Bitcoin. They even have a no - fee debit card you can use. <a href="mailto:CryptoBasicPodcast@gmail.com" rel="nofollow">CryptoBasicPodcast@gmail.com</a> 405.440.3260 Theme Music - Neledrax by Earradiate (2017)

101 Series: Decentraland

It’s the first CryptoBasic 102 episode! We’re going back over bitcoin, examining what we said about it over a year ago, how our opinions have changed, and what new things Bitcoin has provided the world since then. In the shownotes you’ll find all of the links that we’ve ever used to cover Bitcoin, as well as links to our previous shows on the topic. Has the CryptoBasic team matured? What does Brent think about Bitcoin now? Find out today. LINKS TO TOPICS FROM THE SHOW  Bitcoin 101 Episode Bitcoin and the Lightning Network Episode Video on examining blockchain Original Whitepaper Bitmex overview of the lightning network  Bitcoin and the lightning network you should know Bitcoin Transaction pricing history Unconfirmed transaction count Lightning network statistics Small World Network   HELP SUPPORT THE PODCAST! PATREON! Join our Discord here  PLEASE Subscribe and give us an honest rating on iTunes.  These links are all referral links for us, but we use every one of these exchanges and wallets. Binanace.Je – Binance Jersey referral link. - Well we don’t technically use this, because we can’t. Non-US only. Ledger Wallet Website This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S.  CASH APP HAS BITCOIN! If you sign up through that link the show gets $5 and so do you! Stop the presses. The easiest to use money transfer application (yes it's easier than Venmo) now as a built in way to buy and sell Bitcoin. They even have a no - fee debit card you can use.  CryptoBasicPodcast@gmail.com  405.440.3260    Theme Music - Neledrax by Earradiate (2017)

It’s the first CryptoBasic 102 episode! We’re going back over bitcoin, examining what we said about it over a year ago, how our opinions have changed, and what new things Bitcoin has provided the world since then. In the shownotes you’ll find all of the links that we’ve ever used to cover Bitcoin, as well as links to our previous shows on the topic. Has the CryptoBasic team matured? What does Brent think about Bitcoin now? Find out today. LINKS TO TOPICS FROM THE SHOW <ul> <li><a href="https://www.cryptobasicpodcast.com/home/bitcoin" rel="nofollow" target="_blank">Bitcoin 101 Episode</a></li> <li><a href="https://www.cryptobasicpodcast.com/home/btc-lightning" rel="nofollow" target="_blank">Bitcoin and the Lightning Network Episode</a></li> <li><a href="https://www.youtube.com/watch?v=bBC-nXj3Ng4" rel="nofollow" target="_blank">Video on examining blockchain</a></li> <li><a href="https://bitcoin.org/bitcoin.pdf" rel="nofollow" target="_blank">Original Whitepaper</a></li> <li><a href="https://blog.bitmex.com/the-lightning-network/" rel="nofollow" target="_blank">Bitmex overview of the lightning network</a></li> <li><a href="https://medium.com/@argongroup/bitcoin-lightning-network-7-things-you-should-know-604ef687af5a" rel="nofollow" target="_blank"> Bitcoin and the lightning network you should know</a></li> <li><a href="https://jochen-hoenicke.de/queue/#1,6m" rel="nofollow" target="_blank">Bitcoin Transaction pricing history</a></li> <li><a href="https://jochen-hoenicke.de/queue/#1,6m" rel="nofollow" target="_blank">Unconfirmed transaction count</a></li> <li><a href="https://twitter.com/lnstats?lang=en" rel="nofollow" target="_blank">Lightning network statistics</a></li> <li><a href="https://en.wikipedia.org/wiki/Small-world_network" rel="nofollow" target="_blank">Small World Network</a></li> </ul> HELP SUPPORT THE PODCAST! <a href="https://www.Patreon.com/CyrptoBasic" rel="nofollow" target="_blank">PATREON!</a> <a href="https://discordapp.com/invite/cQe8wGf" rel="nofollow" target="_blank">Join our Discord here</a> <a href="https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2&amp;at=1001lJEw" rel="nofollow" target="_blank"> PLEASE Subscribe and give us an honest rating on iTunes.</a> These links are all referral links for us, but we use every one of these exchanges and wallets. <a href="https://www.binance.je/?ref=35026922" rel="nofollow" target="_blank">Binanace.Je – Binance Jersey referral link.</a> - Well we don’t technically use this, because we can’t. Non-US only. <a href="https://www.ledgerwallet.com/r/d6b6" rel="nofollow" target="_blank">Ledger Wallet Website</a> This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S. <a href="https://cash.me/app/RMFXXXL" rel="nofollow" target="_blank">CASH APP HAS BITCOIN!</a> If you sign up through that link the show gets $5 and so do you! Stop the presses. The easiest to use money transfer application (yes it's easier than Venmo) now as a built in way to buy and sell Bitcoin. They even have a no - fee debit card you can use. <a href="mailto:CryptoBasicPodcast@gmail.com" rel="nofollow">CryptoBasicPodcast@gmail.com</a> 405.440.3260 Theme Music - Neledrax by Earradiate (2017)

Episode 156: Bitcoin 102

Learn how to create stablecoins with unstable assets. After the Stablecoins 101 Brent wanted to look a lot deeper into Maker, and how it works and why it might be a good solution. Karim joins him this time to prod him with questions on how and why Maker works, what concerns there are for the future, and if it could ever replace Tether. Karim does a few basic flip flops on whether this Cryptocurrency replacement for the USD will work out. Check out Maker 101 now.   LINKS TO TOPICS FROM THE SHOW  Whitepaper Website Subreddit FAQ  Maker System GitHub Docs  Medium Article   HELP SUPPORT THE PODCAST!   PLEASE Subscribe and give us an honest rating on iTunes.  These links are all referral links for us, but we use every one of these exchanges and wallets. Ledger Wallet Website This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S.  CASH APP HAS BITCOIN! If you sign up through that link the show gets $5 and so do you! Stop the presses. The easiest to use money transfer application (yes it's easier than Venmo) now as a built in way to buy and sell Bitcoin. They even have a no - fee debit card you can use.  CryptoBasicPodcast@gmail.com  405.440.3260  Theme Music - Neledrax by Earradiate (2017)

Learn how to create stablecoins with unstable assets. After the Stablecoins 101 Brent wanted to look a lot deeper into Maker, and how it works and why it might be a good solution. Karim joins him this time to prod him with questions on how and why Maker works, what concerns there are for the future, and if it could ever replace Tether. Karim does a few basic flip flops on whether this Cryptocurrency replacement for the USD will work out. Check out Maker 101 now. LINKS TO TOPICS FROM THE SHOW <ul> <li><a href="https://makerdao.com/whitepaper/" rel="nofollow" target="_blank">Whitepaper</a></li> <li><a href="https://makerdao.com/" rel="nofollow" target="_blank">Website</a></li> <li><a href="https://www.reddit.com/r/MakerDAO/" rel="nofollow" target="_blank">Subreddit</a></li> <li><a href="https://makerdao.com/faq/" rel="nofollow" target="_blank">FAQ</a></li> <li><a href="https://medium.com/makerdao/introducing-the-new-whitepaper-for-the-dai-stablecoin-system-e7c6caabcfc4" rel="nofollow" target="_blank"> Maker System</a></li> <li><a href="https://github.com/makerdao/docs/blob/master/Dai.md" rel="nofollow" target="_blank">GitHub Docs</a></li> <li><a href="https://medium.com/makerdao/introducing-the-new-whitepaper-for-the-dai-stablecoin-system-e7c6caabcfc4" rel="nofollow" target="_blank"> Medium Article</a></li> </ul> HELP SUPPORT THE PODCAST! <a href="https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2&amp;at=1001lJEw" rel="nofollow" target="_blank"> PLEASE Subscribe and give us an honest rating on iTunes.</a> These links are all referral links for us, but we use every one of these exchanges and wallets. <a href="https://www.ledgerwallet.com/r/d6b6" rel="nofollow" target="_blank">Ledger Wallet Website</a> This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S. <a href="https://cash.me/app/RMFXXXL" rel="nofollow" target="_blank">CASH APP HAS BITCOIN!</a> If you sign up through that link the show gets $5 and so do you! Stop the presses. The easiest to use money transfer application (yes it's easier than Venmo) now as a built in way to buy and sell Bitcoin. They even have a no - fee debit card you can use. <a href="mailto:CryptoBasicPodcast@gmail.com" rel="nofollow">CryptoBasicPodcast@gmail.com</a> 405.440.3260 Theme Music - Neledrax by Earradiate (2017)

101: Maker DAO / DAI

Apple said tey're going to be pushing something called the CryptoKit. What's that? What is Facebook doing? Where the hell did Brent go? Find out about all of this and more in the cryptospace on Flagship Friday-ish. Binance DEX to geo-block 28 countries including US -  https://www.notion.so/cryptobasic/Flagship-Friday-75-cfb287e07feb4bad8497716f6f1c97bf#6489d4ba7932446c83b9e5b1bf941081   Vitalik Says BSV is a scam - https://www.youtube.com/watch?v=ggyABjicZt8   Facebook's Cryptocurrency Plans Revealed -  https://www.forbes.com/sites/billybambrough/2019/06/06/facebooks-radical-bitcoin-beating-cryptocurrency-plans-revealed/#1da1f25c3564   Kik Gets in Trouble with the SEC -  https://www.usatoday.com/story/money/2019/06/04/kik-messaging-app-sued-100-million-sec-cryptocurrency/1347266001/   Justin Sun -  https://www.reddit.com/r/CryptoCurrency/comments/bxe46n/justin_sun_invites_the_founders_of_eth_ltc_and/   Why Blockchain and Crypto Are Picking Up Steam in Tiny Countries -  https://www.pcmag.com/news/368788/why-blockchain-and-crypto-are-picking-up-steam-in-tiny-count   Subscribe on iTunes -  https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2&amp;at=1001lJEw   Join Our Discord - https://discord.gg/3EnWx6J   Patreon - https://www.patreon.com/CryptoBasic   Ledger Nano X - https://www.ledger.com/?r=d6b6   Cash App: Free $5 - https://cash.me/app/RMFXXXL  Cryptobasicpodcast@gmail.com 

Apple said tey're going to be pushing something called the CryptoKit. What's that? What is Facebook doing? Where the hell did Brent go? Find out about all of this and more in the cryptospace on Flagship Friday-ish. Binance DEX to geo-block 28 countries including US - <a href="https://www.notion.so/cryptobasic/Flagship-Friday-75-cfb287e07feb4bad8497716f6f1c97bf#6489d4ba7932446c83b9e5b1bf941081" rel="nofollow" target="_blank"> https://www.notion.so/cryptobasic/Flagship-Friday-75-cfb287e07feb4bad8497716f6f1c97bf#6489d4ba7932446c83b9e5b1bf941081</a> Vitalik Says BSV is a scam - <a href="https://www.youtube.com/watch?v=ggyABjicZt8" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=ggyABjicZt8</a> Facebook's Cryptocurrency Plans Revealed - <a href="https://www.forbes.com/sites/billybambrough/2019/06/06/facebooks-radical-bitcoin-beating-cryptocurrency-plans-revealed/#1da1f25c3564" rel="nofollow" target="_blank"> https://www.forbes.com/sites/billybambrough/2019/06/06/facebooks-radical-bitcoin-beating-cryptocurrency-plans-revealed/#1da1f25c3564</a> Kik Gets in Trouble with the SEC - <a href="https://www.usatoday.com/story/money/2019/06/04/kik-messaging-app-sued-100-million-sec-cryptocurrency/1347266001/" rel="nofollow" target="_blank"> https://www.usatoday.com/story/money/2019/06/04/kik-messaging-app-sued-100-million-sec-cryptocurrency/1347266001/</a> Justin Sun - <a href="https://www.reddit.com/r/CryptoCurrency/comments/bxe46n/justin_sun_invites_the_founders_of_eth_ltc_and/" rel="nofollow" target="_blank"> https://www.reddit.com/r/CryptoCurrency/comments/bxe46n/justin_sun_invites_the_founders_of_eth_ltc_and/</a> Why Blockchain and Crypto Are Picking Up Steam in Tiny Countries - <a href="https://www.pcmag.com/news/368788/why-blockchain-and-crypto-are-picking-up-steam-in-tiny-count" rel="nofollow" target="_blank"> https://www.pcmag.com/news/368788/why-blockchain-and-crypto-are-picking-up-steam-in-tiny-count</a> Subscribe on iTunes - <a href="https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2&amp;at=1001lJEw" rel="nofollow" target="_blank"> https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2&amp;at=1001lJEw</a> Join Our Discord - <a href="https://discord.gg/3EnWx6J" rel="nofollow" target="_blank">https://discord.gg/3EnWx6J</a> Patreon - <a href="https://www.patreon.com/CryptoBasic" rel="nofollow" target="_blank">https://www.patreon.com/CryptoBasic</a> Ledger Nano X - <a href="https://www.ledger.com/?r=d6b6" rel="nofollow" target="_blank">https://www.ledger.com/?r=d6b6</a> Cash App: Free $5 - <a href="https://cash.me/app/RMFXXXL" rel="nofollow" target="_blank">https://cash.me/app/RMFXXXL</a> <a href="mailto:Cryptobasicpodcast@gmail.com" rel="nofollow">Cryptobasicpodcast@gmail.com</a>

Episode 186 - Facebook coin, Vitalik on BSV, and more

Alex Wang

On today's featured project episode we are talking with Alex Wang, the Co-Foudner of Emberfund.io. He has helped create a project that solves a need in the space, and honestly investing in general. Emberfund is a non-custodial fund that allows you to have the benefits of a managed fund, and the security of owning your own funds with your own private keys. Listen to Brent ask the questions, learn the process, and get to the bottom of this new asset of fund management. Alex is all about keeping this accessible to all investors, and e goes into exactly how all of this is accomplished in detail on this episode of the CryptoBasic Podcast. THIS IS OUR REFERAL LINK PLEASE SHOW EMBERFUND YOUR SUPPORT - https://emberfund.app.link/CryptoBasic  Website: https://www.emberfund.io/   Telegram: https://t.me/EmberFund/  Twitter: https://twitter.com/EmberFund  Subscribe on iTunes -  https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2&amp;at=1001lJEw   Join Our Discord - https://discord.gg/3EnWx6J   Patreon - https://www.patreon.com/CryptoBasic   Ledger Nano X - https://www.ledger.com/?r=d6b6   Cash App: Free $5 - https://cash.me/app/RMFXXXL  Cryptobasicpodcast@gmail.com 

On today's featured project episode we are talking with Alex Wang, the Co-Foudner of <a href="http://Emberfund.io" rel="nofollow" target="_blank">Emberfund.io</a>. He has helped create a project that solves a need in the space, and honestly investing in general. Emberfund is a non-custodial fund that allows you to have the benefits of a managed fund, and the security of owning your own funds with your own private keys. Listen to Brent ask the questions, learn the process, and get to the bottom of this new asset of fund management. Alex is all about keeping this accessible to all investors, and e goes into exactly how all of this is accomplished in detail on this episode of the CryptoBasic Podcast. THIS IS OUR REFERAL LINK PLEASE SHOW EMBERFUND YOUR SUPPORT - <a href="https://emberfund.app.link/CryptoBasic" rel="nofollow" target="_blank">https://emberfund.app.link/CryptoBasic</a> Website: <a href="https://www.emberfund.io/" rel="nofollow" target="_blank">https://www.emberfund.io/</a> Telegram: <a href="https://t.me/EmberFund/" rel="nofollow" target="_blank">https://t.me/EmberFund/</a> Twitter: <a href="https://twitter.com/EmberFund" rel="nofollow" target="_blank">https://twitter.com/EmberFund</a> Subscribe on iTunes - <a href="https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2&amp;at=1001lJEw" rel="nofollow" target="_blank"> https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2&amp;at=1001lJEw</a> Join Our Discord - <a href="https://discord.gg/3EnWx6J" rel="nofollow" target="_blank">https://discord.gg/3EnWx6J</a> Patreon - <a href="https://www.patreon.com/CryptoBasic" rel="nofollow" target="_blank">https://www.patreon.com/CryptoBasic</a> Ledger Nano X - <a href="https://www.ledger.com/?r=d6b6" rel="nofollow" target="_blank">https://www.ledger.com/?r=d6b6</a> Cash App: Free $5 - <a href="https://cash.me/app/RMFXXXL" rel="nofollow" target="_blank">https://cash.me/app/RMFXXXL</a> <a href="mailto:Cryptobasicpodcast@gmail.com" rel="nofollow">Cryptobasicpodcast@gmail.com</a>

Episode 188 - Alex Wang of Emberfund.io

Today we're talking about how the new ZuckBucks (aka Libra) stacks up to Bitcoin. Is it the same? Is it different? Is it even a crypto? We talk about all of these questions in the most basic way that we can. Today we're talking about how the new ZuckBucks (aka Libra) stacks up to Bitcoin. Is it the same? Is it different? Is it even a crypto? We talk about all of these questions in the most basic way that we can.   This is a great episode for those that might know what both Bitcoin and Libra are, but aren't really sure how they work together. So share it with your friends, and join us for Flagship Friday number 78  THIS IS OUR REFERAL LINK PLEASE SHOW EMBERFUND YOUR SUPPORT -  https://emberfund.app.link/CryptoBasic  Bee Keepers like their crypto - https://coinyspace.com/merchants/drapis/ERC-1155 Becoming the gold standard -  https://blog.enjincoin.io/erc-1155-the-final-token-standard-on-ethereum-a83fce9f5714 Reddit make LibraCashSV -  https://www.reddit.com/r/CryptoCurrency/comments/c2ddk3/roger_wright_libracashsv_is_the_real_libra_coin/ Ethereum 2.0 planned for launch -  https://www.trustnodes.com/2019/06/15/ethereum-2-0-planned-for-launch-on-the-3rd-of-january-2020 THAT'S A SCAM - Quadriga Report -  https://documentcentre.eycan.com/eycm_library/Quadriga%20Fintech%20Solutions%20Corp/English/CCAA/1.%20Monitor's%20Reports/6.%20Fifth%20Report%20of%20the%20Monitor/Fifth%20Report%20of%20the%20Monitor%20dated%20June%2019,%202019.PDF Tweetstorm - https://twitter.com/evanmthomas/status/1141501872467001344  Whitepaper - https://libra.org/en-US/white-paper/#introducing-libra 

Today we're talking about how the new ZuckBucks (aka Libra) stacks up to Bitcoin. Is it the same? Is it different? Is it even a crypto? We talk about all of these questions in the most basic way that we can. Today we're talking about how the new ZuckBucks (aka Libra) stacks up to Bitcoin. Is it the same? Is it different? Is it even a crypto? We talk about all of these questions in the most basic way that we can.  This is a great episode for those that might know what both Bitcoin and Libra are, but aren't really sure how they work together. So share it with your friends, and join us for Flagship Friday number 78 THIS IS OUR REFERAL LINK PLEASE SHOW EMBERFUND YOUR SUPPORT -  <a href="https://emberfund.app.link/CryptoBasic" rel="nofollow" target="_blank">https://emberfund.app.link/CryptoBasic</a> Bee Keepers like their crypto - <a href="https://coinyspace.com/merchants/drapis/ERC-1155" rel="nofollow" target="_blank">https://coinyspace.com/merchants/drapis/ERC-1155</a> Becoming the gold standard - <a href="https://blog.enjincoin.io/erc-1155-the-final-token-standard-on-ethereum-a83fce9f5714" rel="nofollow" target="_blank"> https://blog.enjincoin.io/erc-1155-the-final-token-standard-on-ethereum-a83fce9f5714</a> Reddit make LibraCashSV - <a href="https://www.reddit.com/r/CryptoCurrency/comments/c2ddk3/roger_wright_libracashsv_is_the_real_libra_coin/" rel="nofollow" target="_blank"> https://www.reddit.com/r/CryptoCurrency/comments/c2ddk3/roger_wright_libracashsv_is_the_real_libra_coin/</a> Ethereum 2.0 planned for launch - <a href="https://www.trustnodes.com/2019/06/15/ethereum-2-0-planned-for-launch-on-the-3rd-of-january-2020" rel="nofollow" target="_blank"> https://www.trustnodes.com/2019/06/15/ethereum-2-0-planned-for-launch-on-the-3rd-of-january-2020</a> THAT'S A SCAM - Quadriga Report - <a href="https://documentcentre.eycan.com/eycm_library/Quadriga%20Fintech%20Solutions%20Corp/English/CCAA/1.%20Monitor's%20Reports/6.%20Fifth%20Report%20of%20the%20Monitor/Fifth%20Report%20of%20the%20Monitor%20dated%20June%2019,%202019.PDF" rel="nofollow" target="_blank"> https://documentcentre.eycan.com/eycm_library/Quadriga%20Fintech%20Solutions%20Corp/English/CCAA/1.%20Monitor's%20Reports/6.%20Fifth%20Report%20of%20the%20Monitor/Fifth%20Report%20of%20the%20Monitor%20dated%20June%2019,%202019.PDF</a> Tweetstorm - <a href="https://twitter.com/evanmthomas/status/1141501872467001344" rel="nofollow" target="_blank">https://twitter.com/evanmthomas/status/1141501872467001344</a> Whitepaper - <a href="https://libra.org/en-US/white-paper/#introducing-libra" rel="nofollow" target="_blank">https://libra.org/en-US/white-paper/#introducing-libra</a>

Episode 189 - Facebook's Coin vs Bitcoin and other news

Matthew Aaron

Welcome to another Crypto Convos – the series where we get up close and personal in a one on one setting with some of the best in the business. Today we’re talking with Matthew Aaron from the Crypto 101 Podcast! We talk about the challenges involved in podcasting, some of our favorite people and stories from the space – and about how Matthew has an interview coming with the one and only John McAfee! Check out all the links below to find Matthew’s episodes on his channel. LINKS TO TOPICS FROM THE SHOW   Matthew’s Motivation Episode Crypto 101 Website ICO 101 Website Subscribe to them on iTunes Check out their E-Book Facebook Twitter Instagram Youtube  HELP SUPPORT THE PODCAST!   PLEASE Subscribe and give us an honest rating on iTunes.  These links are all referral links for us, but we use every one of these exchanges and wallets. Ledger Wallet Website This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S.  CASH APP HAS BITCOIN! If you sign up through that link the show gets $5 and so do you! Stop the presses. The easiest to use money transfer application (yes it's easier than Venmo) now as a built in way to buy and sell Bitcoin. They even have a no - fee debit card you can use.  CryptoBasicPodcast@gmail.com  405.440.3260  Theme Music - Neledrax by Earradiate (2017)

Welcome to another Crypto Convos – the series where we get up close and personal in a one on one setting with some of the best in the business. Today we’re talking with Matthew Aaron from the Crypto 101 Podcast! We talk about the challenges involved in podcasting, some of our favorite people and stories from the space – and about how Matthew has an interview coming with the one and only John McAfee! Check out all the links below to find Matthew’s episodes on his channel. LINKS TO TOPICS FROM THE SHOW <ul> <li><a href="https://soundcloud.com/matthew-aaron-690749808/how-blockchain-could-have-changed-my-life-matthews-motivation" rel="nofollow" target="_blank"> Matthew’s Motivation Episode</a></li> <li><a href="https://crypto101podcast.com/" rel="nofollow" target="_blank">Crypto 101 Website</a></li> <li><a href="http://ico101podcast.com/" rel="nofollow" target="_blank">ICO 101 Website</a></li> <li><a href="https://itunes.apple.com/us/podcast/crypto-101/id1262351840?mt=2" rel="nofollow" target="_blank">Subscribe to them on iTunes</a></li> <li><a href="http://book.crypto101podcast.com/optin23237602" rel="nofollow" target="_blank">Check out their E-Book</a></li> <li><a href="https://www.facebook.com/groups/324934037933401/" rel="nofollow" target="_blank">Facebook</a> <a href="https://twitter.com/Crypto__101" rel="nofollow" target="_blank">Twitter</a></li> <li><a href="https://www.instagram.com/crypto_101/" rel="nofollow" target="_blank">Instagram</a></li> <li><a href="https://www.youtube.com/channel/UCn_UPAB7sXgsyos8lfic0Uw" rel="nofollow" target="_blank">Youtube</a></li> </ul> HELP SUPPORT THE PODCAST! <a href="https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2&amp;at=1001lJEw" rel="nofollow" target="_blank"> PLEASE Subscribe and give us an honest rating on iTunes.</a> These links are all referral links for us, but we use every one of these exchanges and wallets. <a href="https://www.ledgerwallet.com/r/d6b6" rel="nofollow" target="_blank">Ledger Wallet Website</a> This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S. <a href="https://cash.me/app/RMFXXXL" rel="nofollow" target="_blank">CASH APP HAS BITCOIN!</a> If you sign up through that link the show gets $5 and so do you! Stop the presses. The easiest to use money transfer application (yes it's easier than Venmo) now as a built in way to buy and sell Bitcoin. They even have a no - fee debit card you can use. <a href="mailto:CryptoBasicPodcast@gmail.com" rel="nofollow">CryptoBasicPodcast@gmail.com</a> 405.440.3260 Theme Music - Neledrax by Earradiate (2017)

Matthew Aaron from the Crypto 101 Podcast!

Favorite Person in Crypto 2018   Charles Hoskinson Vitalik Buterin Carlos Matos CZ Andreas Antonopoulos Doug Polk  Biggest Douche in the CryptoVerse 2018  John Mcafee Roger Ver Justin Sun Justin Tabb Justin Sunerok Craig Wright  Bruno Blocks Brock Pierce  Matos Award (THATS A SCAMMM)   Oyster Pearl  Bitgrail HoweyCoins  PureBit  Stox (Mayweather)  FCoin Exitscam.io  Biggest Disappointment 2018   EOS Spankchain Decentraland  Tezos Bitcoin Private  Telegram ICO  The Brent Philbin Award For Usablility 2018  Brave Cashapp Steemit CryptoKitties Ethereum Name Service Nexo  Favorite (non-bitcoin) Crypto Project 2018  Cardano Ethereum Horizen Stellar Basic Attention Token  Weather the storm 2018   Tezos  Horizen  Cardano  Walton  Nano  Tether  Bitcoin Cash  Cmon Mannnn   Walton Chain employee  Verge Accidental Hardfork  Substratum Second ICO  Petro  Horizen Pornhub Charles Twitter DO YOU KNOW WHO I AM  CryptoBasic Lowest Lows 2018  Karim: Monero / Money Brent: I’ll take Bitcoin Private Mike: Keyboard Problems Karim: Constant Bathroom breaks Brent: I own 0% Bitcoin Mike:  Shooting condiments  Favorite Episode 2018  Game Theory Roundtable with Robert Viglione Cognitive Biases 101 FireSide Chat 1 Terms 101 FS 624  Worst episode 2018  Trump Twitter Rant Flagship 1 Dash 101 Bitcoin DREP  Jason Award - Behind the Scenes Champ 2018  PeaStew from Ultimate Nodes CryptoCandor Lumiflux Brent CryptoJeronimo   HELP SUPPORT THE PODCAST! PATREON! Join our Discord here  PLEASE Subscribe and give us an honest rating on iTunes.  These links are all referral links for us, but we use every one of these exchanges and wallets. Ledger Wallet Website This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S.  CASH APP HAS BITCOIN! If you sign up through that link the show gets $5 and so do you! Stop the presses. The easiest to use money transfer application (yes it's easier than Venmo) now as a built in way to buy and sell Bitcoin. They even have a no - fee debit card you can use.  CryptoBasicPodcast@gmail.com  405.440.3260  Theme Music - Neledrax by Earradiate (2017)

Favorite Person in Crypto 2018 <ul> <li><a href="https://twitter.com/IOHK_Charles?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor" rel="nofollow" target="_blank"> Charles Hoskinson</a></li> <li><a href="https://twitter.com/VitalikButerin" rel="nofollow" target="_blank">Vitalik Buterin</a></li> <li><a href="https://twitter.com/CarlosMatos80" rel="nofollow" target="_blank">Carlos Matos</a></li> <li><a href="https://twitter.com/cz_binance" rel="nofollow" target="_blank">CZ</a></li> <li><a href="https://twitter.com/aantonop" rel="nofollow" target="_blank">Andreas Antonopoulos</a></li> <li><a href="https://twitter.com/DougPolkPoker" rel="nofollow" target="_blank">Doug Polk</a></li> </ul> Biggest Douche in the CryptoVerse 2018 <ul> <li><a href="https://twitter.com/officialmcafee" rel="nofollow" target="_blank">John Mcafee</a></li> <li><a href="https://twitter.com/rogerkver" rel="nofollow" target="_blank">Roger Ver</a></li> <li><a href="https://twitter.com/justinsuntron" rel="nofollow" target="_blank">Justin Sun</a></li> <li><a href="https://twitter.com/overridepro" rel="nofollow" target="_blank">Justin Tabb</a></li> <li><a href="https://twitter.com/justinvendetta" rel="nofollow" target="_blank">Justin Sunerok</a></li> <li><a href="https://twitter.com/ProfFaustus" rel="nofollow" target="_blank">Craig Wright</a></li> <li><a href="https://www.reddit.com/r/CryptoCurrency/comments/7wymlj/who_the_fuck_is_bruno_block_the_ceo_of_a_famously/" rel="nofollow" target="_blank"> Bruno Blocks</a></li> <li><a href="https://twitter.com/brockpierce" rel="nofollow" target="_blank">Brock Pierce</a></li> </ul> Matos Award (THATS A SCAMMM) <ul> <li><a href="https://zerocrypted.com/daily-cryptocurrency-news-30th-october-2018/" rel="nofollow" target="_blank"> Oyster Pearl</a></li> <li><a href="http://fortune.com/2018/02/11/bitgrail-cryptocurrency-claims-hack/" rel="nofollow" target="_blank"> Bitgrail</a></li> <li><a href="https://www.howeycoins.com/index.html" rel="nofollow" target="_blank">HoweyCoins</a></li> <li><a href="https://bitcoinmagazine.com/articles/fraudulent-south-korean-exchange-pure-bit-nabs-28m-ico-exit-scam/" rel="nofollow" target="_blank"> PureBit</a></li> <li><a href="https://www.reddit.com/r/CryptoCurrency/comments/9w2w4n/stox_stx_reported_to_have_performed_an_exit_scam/" rel="nofollow" target="_blank"> Stox (Mayweather)</a></li> <li><a href="https://cryptoticker.io/en/fcoin-exchange-accused-of-running-one-of-cryptos-largest-scams/" rel="nofollow" target="_blank"> FCoin</a></li> <li><a href="http://Exitscam.io/" rel="nofollow" target="_blank">Exitscam.io</a></li> </ul> Biggest Disappointment 2018 <ul> <li><a href="https://cointelegraph.com/news/eos-proves-yet-again-that-decentralization-is-not-its-priority" rel="nofollow" target="_blank"> EOS</a></li> <li><a href="https://beta.spankchain.com/" rel="nofollow" target="_blank">Spankchain</a></li> <li><a href="https://decentraland.org/" rel="nofollow" target="_blank">Decentraland</a></li> <li><a href="https://www.wired.com/story/tezos-blockchain-love-story-horror-story/" rel="nofollow" target="_blank"> Tezos</a></li> <li><a href="https://cryptobriefing.com/bitcoin-private-premine/" rel="nofollow" target="_blank">Bitcoin Private</a></li> <li><a href="https://www.coinspeaker.com/telegram-cancels-public-ico-raising-1-7b-presale-says-new-report/" rel="nofollow" target="_blank"> Telegram ICO</a></li> </ul> The Brent Philbin Award For Usablility 2018 <ul> <li><a href="https://brave.com/cry557" rel="nofollow" target="_blank">Brave</a></li> <li><a href="https://cash.me/app/RMFXXXL" rel="nofollow" target="_blank">Cashapp</a></li> <li><a href="https://steemit.com/@cryptobasic" rel="nofollow" target="_blank">Steemit</a></li> <li><a href="https://www.cryptokitties.co/" rel="nofollow" target="_blank">CryptoKitties</a></li> <li><a href="https://ens.domains/" rel="nofollow" target="_blank">Ethereum Name Service</a></li> <li><a href="https://nexo.io/" rel="nofollow" target="_blank">Nexo</a></li> </ul> Favorite (non-bitcoin) Crypto Project 2018 <ul> <li><a href="https://www.cardano.org/en/home/" rel="nofollow" target="_blank">Cardano</a></li> <li><a href="https://www.ethereum.org/" rel="nofollow" target="_blank">Ethereum</a></li> <li><a href="https://www.horizen.global/" rel="nofollow" target="_blank">Horizen</a></li> <li><a href="https://www.stellar.org/" rel="nofollow" target="_blank">Stellar</a></li> <li><a href="https://brave.com/cry557" rel="nofollow" target="_blank">Basic Attention Token</a></li> </ul> Weather the storm 2018 <ul> <li><a href="https://www.wired.com/story/tezos-blockchain-love-story-horror-story/" rel="nofollow" target="_blank"> Tezos</a></li> <li><a href="https://blog.zencash.com/zencash-statement-on-double-spend-attack/" rel="nofollow" target="_blank"> Horizen</a></li> <li><a href="https://iohk.io/blog/an-open-letter-to-the-cardano-community-from-iohk-and-emurgo/" rel="nofollow" target="_blank"> Cardano</a></li> <li><a href="https://www.ccn.com/waltonchain-embroiled-controversy-employee-wins-token-giveaway/" rel="nofollow" target="_blank"> Walton</a></li> <li><a href="https://www.ccn.com/nano-cryptocurrency-facing-second-class-action-lawsuit-over-bitgrail-hack/" rel="nofollow" target="_blank"> Nano</a></li> <li><a href="https://www.bloomberg.com/news/articles/2018-01-30/crypto-exchange-bitfinex-tether-said-to-get-subpoenaed-by-cftc" rel="nofollow" target="_blank"> Tether</a></li> <li><a href="https://cointelegraph.com/news/bitcoin-cash-hard-fork-battle-who-is-winning-the-hash-war" rel="nofollow" target="_blank"> Bitcoin Cash</a></li> </ul> Cmon Mannnn <ul> <li><a href="https://www.ccn.com/waltonchain-embroiled-controversy-employee-wins-token-giveaway/" rel="nofollow" target="_blank"> Walton Chain employee</a></li> <li><a href="https://cointelegraph.com/news/cryptocurrency-verge-responds-to-hacking-claims-by-launching-accidental-hard-fork" rel="nofollow" target="_blank"> Verge Accidental Hardfork</a></li> <li><a href="https://decrypto.net/2018/08/31/substratum-is-losing-vision-focus/" rel="nofollow" target="_blank"> Substratum Second ICO</a></li> <li><a href="https://www.coindesk.com/report-venezuela-is-forcibly-converting-pension-balances-to-the-petro" rel="nofollow" target="_blank"> Petro</a></li> <li><a href="https://coincentral.com/pornhub-is-heating-up-with-privacy-coins-zencash-and-tron/" rel="nofollow" target="_blank"> Horizen Pornhub</a></li> <li><a href="https://twitter.com/IOHK_Charles/status/1022368499019210752" rel="nofollow" target="_blank">Charles Twitter DO YOU KNOW WHO I AM</a></li> </ul> CryptoBasic Lowest Lows 2018 <ul> <li><a href="https://www.cryptobasicpodcast.com/home/monero" rel="nofollow" target="_blank">Karim: Monero / Money</a></li> <li><a href="https://www.cryptobasicpodcast.com/home/fs8" rel="nofollow" target="_blank">Brent: I’ll take Bitcoin Private</a></li> <li>Mike: Keyboard Problems</li> <li>Karim: Constant Bathroom breaks</li> <li>Brent: I own 0% Bitcoin</li> <li><a href="https://www.youtube.com/watch?v=V1XdBqE1lyM&amp;t=2388s" rel="nofollow" target="_blank">Mike:  Shooting condiments</a></li> </ul> Favorite Episode 2018 <ul> <li><a href="https://www.cryptobasicpodcast.com/home/gametheoryrt" rel="nofollow" target="_blank">Game Theory Roundtable with Robert Viglione</a></li> <li><a href="https://www.cryptobasicpodcast.com/home/biases" rel="nofollow" target="_blank">Cognitive Biases 101</a></li> <li><a href="https://www.cryptobasicpodcast.com/home/firesidechat1" rel="nofollow" target="_blank">FireSide Chat 1</a></li> <li><a href="https://www.cryptobasicpodcast.com/home/terms" rel="nofollow" target="_blank">Terms 101</a></li> <li><a href="https://www.cryptobasicpodcast.com/home/fs624" rel="nofollow" target="_blank">FS 624</a></li> </ul> Worst episode 2018 <ul> <li><a href="https://www.cryptobasicpodcast.com/home/rt5" rel="nofollow" target="_blank">Trump</a></li> <li><a href="https://www.cryptobasicpodcast.com/home/twitteroutrage" rel="nofollow" target="_blank">Twitter Rant</a></li> <li><a href="https://www.cryptobasicpodcast.com/home/flagship1" rel="nofollow" target="_blank">Flagship 1</a></li> <li><a href="https://www.cryptobasicpodcast.com/home/dash" rel="nofollow" target="_blank">Dash</a></li> <li><a href="https://www.cryptobasicpodcast.com/home/bitcoin" rel="nofollow" target="_blank">101 Bitcoin</a></li> <li><a href="https://www.cryptobasicpodcast.com/home/drep" rel="nofollow" target="_blank">DREP</a></li> </ul> Jason Award - Behind the Scenes Champ 2018 <ul> <li><a href="https://ultimatenodes.io/" rel="nofollow" target="_blank">PeaStew from Ultimate Nodes</a></li> <li><a href="https://www.youtube.com/channel/UCrNytueyuavn5mVVt89epDA%5C" rel="nofollow" target="_blank">CryptoCandor</a></li> <li><a href="https://twitter.com/GIGhorizons" rel="nofollow" target="_blank">Lumiflux</a></li> <li><a href="https://twitter.com/ChubbyCrypto" rel="nofollow" target="_blank">Brent</a></li> <li><a href="https://crypto-jeronimo.github.io/" rel="nofollow" target="_blank">CryptoJeronimo</a></li> </ul> HELP SUPPORT THE PODCAST! <a href="https://www.Patreon.com/CyrptoBasic" rel="nofollow" target="_blank">PATREON!</a> <a href="https://discordapp.com/invite/cQe8wGf" rel="nofollow" target="_blank">Join our Discord here</a> <a href="https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2&amp;at=1001lJEw" rel="nofollow" target="_blank"> PLEASE Subscribe and give us an honest rating on iTunes.</a> These links are all referral links for us, but we use every one of these exchanges and wallets. <a href="https://www.ledgerwallet.com/r/d6b6" rel="nofollow" target="_blank">Ledger Wallet Website</a> This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S. <a href="https://cash.me/app/RMFXXXL" rel="nofollow" target="_blank">CASH APP HAS BITCOIN!</a> If you sign up through that link the show gets $5 and so do you! Stop the presses. The easiest to use money transfer application (yes it's easier than Venmo) now as a built in way to buy and sell Bitcoin. They even have a no - fee debit card you can use. <a href="mailto:CryptoBasicPodcast@gmail.com" rel="nofollow">CryptoBasicPodcast@gmail.com</a> 405.440.3260 Theme Music - Neledrax by Earradiate (2017)

Episode 148 : The 2018 Crypties

Today’s episode we talk a lot about the SEC, bash on Tron a little bit, and then talk about the Cryptopia Hack. Have we ever mentioned how much Cryptopia sucks? Well it does, and the hack is not surprising. Ethereum had Constantinople delayed, and we go over a quick mailbag question. LINKS TO TOPICS FROM THE SHOW   SEC Story #1 Cryptopia hacked CZ stops the funds  Updates on Cryptopia Hack  Wallet Addresses  Bittorrent Exec pissed  SEC pro crypto members of congress  Constantinople Delayed   HELP SUPPORT THE PODCAST!   PATREON!  Join our Discord here  PLEASE Subscribe and give us an honest rating on iTunes.  These links are all referral links for us, but we use every one of these exchanges and wallets. Binanace.Je – Binance Jersey referral link. - Well we don’t technically use this, because we can’t. Non-US only. Ledger Wallet Website This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S.  CASH APP HAS BITCOIN! If you sign up through that link the show gets $5 and so do you! Stop the presses. The easiest to use money transfer application (yes it's easier than Venmo) now as a built in way to buy and sell Bitcoin. They even have a no - fee debit card you can use.  CryptoBasicPodcast@gmail.com  405.440.3260  Theme Music - Neledrax by Earradiate (2017)

Today’s episode we talk a lot about the SEC, bash on Tron a little bit, and then talk about the Cryptopia Hack. Have we ever mentioned how much Cryptopia sucks? Well it does, and the hack is not surprising. Ethereum had Constantinople delayed, and we go over a quick mailbag question. LINKS TO TOPICS FROM THE SHOW <ul> <li><a href="https://www.cnbc.com/2019/01/15/international-stock-trading-scheme-hacked-into-sec-database-justice-dept-says.html?__source=newsletter%7Ceveningbrief" rel="nofollow" target="_blank"> SEC Story #1</a></li> <li><a href="https://bitcoinist.com/cryptopia-exchange-hacked/" rel="nofollow" target="_blank">Cryptopia hacked</a></li> <li><a href="https://twitter.com/cz_binance/status/1085511601665368065" rel="nofollow" target="_blank">CZ stops the funds</a></li> <li><a href="https://www.reddit.com/r/Cryptopia/comments/agmnn5/uptodate_cryptopia_hack_bulletin/" rel="nofollow" target="_blank"> Updates on Cryptopia Hack</a></li> <li><a href="https://www.reddit.com/r/Cryptopia/comments/ag75rs/cryptopia_hack_analysis_min_13000000_stolen/" rel="nofollow" target="_blank"> Wallet Addresses</a></li> <li><a href="https://breakermag.com/former-bittorrent-exec-says-theres-no-way-its-token-can-run-on-tron/" rel="nofollow" target="_blank"> Bittorrent Exec pissed</a></li> <li><a href="https://www.globalcryptopress.com/2019/01/pro-cryptocurrency-members-of-us.html" rel="nofollow" target="_blank"> SEC pro crypto members of congress</a></li> <li><a href="https://www.coindesk.com/ethereums-constantinople-upgrade-faces-delay-due-to-security-vulnerability" rel="nofollow" target="_blank"> Constantinople Delayed</a></li> </ul> HELP SUPPORT THE PODCAST! <a href="https://www.Patreon.com/CyrptoBasic" rel="nofollow" target="_blank">PATREON!</a> <a href="https://discordapp.com/invite/cQe8wGf" rel="nofollow" target="_blank">Join our Discord here</a> <a href="https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2&amp;at=1001lJEw" rel="nofollow" target="_blank"> PLEASE Subscribe and give us an honest rating on iTunes.</a> These links are all referral links for us, but we use every one of these exchanges and wallets. <a href="https://www.binance.je/?ref=35026922" rel="nofollow" target="_blank">Binanace.Je – Binance Jersey referral link.</a> - Well we don’t technically use this, because we can’t. Non-US only. <a href="https://www.ledgerwallet.com/r/d6b6" rel="nofollow" target="_blank">Ledger Wallet Website</a> This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S. <a href="https://cash.me/app/RMFXXXL" rel="nofollow" target="_blank">CASH APP HAS BITCOIN!</a> If you sign up through that link the show gets $5 and so do you! Stop the presses. The easiest to use money transfer application (yes it's easier than Venmo) now as a built in way to buy and sell Bitcoin. They even have a no - fee debit card you can use. <a href="mailto:CryptoBasicPodcast@gmail.com" rel="nofollow">CryptoBasicPodcast@gmail.com</a> 405.440.3260 Theme Music - Neledrax by Earradiate (2017)

Episode 151: SEC hacked, Cryptopia hacked, and Tron...is Tron

Hello, ladies and gentlemen, and welcome to this week's Flagship Friday! We do apologize for last week's absence but Brent had to scramble off to NY and Karim and Adam just couldn't figure out a recording time. Lovely lads. Anyway, enough about our inability to function - today we're looking at topics like Brave 1.0 and the Samsung Blockchain being released, Bitcoin's all time highs going under investigation, scams galore (who would've thought?) and much, much more. Bonus: we don't talk about Libra OR Craig Wright. This is truly an exceptional episode. Dive into the cryptoverse with us on this week's Flagship Friday.Rapid FireBrave 1.0 has been releasedIphone and Ipad users now have full access to Brave 1.0 which now gives access to Brave Rewards, Brave Ads, and Brave Shields.Previously in beta, Brave has 8.7 monthly active users and 300k verified publishers already.Ledger Vault secures $150 mil Crime Insurance PolicyLedger Vault, the custody are of hardware wallet manufacturer Ledger has developed a crime insurance policy with broker and risk advisory firm, Marsh and insurance company, Arch Insurance UnlimitedLedger now provides a crime insurance program and protects against third-party theft of the master seed and private keys—even insider theft caused my collusionIran Offering Bounties For Illicit Mining OperationsPreviously reported, Iran is a hot spot for crypto mining with low costs per kilowatt per hour. The Iranian government had to slap a tariff to stop exporting electricity.Now they are offering bounties for up to 20% of damages to anyone who reports illegal mining operations within the country.Coinbase has announced new confirmation requirements.Basically your transactions will get faster for most coins they changed. BTC cut in half, Zcash cut 33%, ETC cut about 40%ish (But still a ton of confirmations)LTC has doubled.Pornhub models were all blocked from using Paypal and had to switch their payout methods. (Use Case)John Mcafee Launches WHACKD — An Epstein didn't kill himself cryptoIt will be launched on McafeeDex.com, his own exchange lol.Was BTC manipulated to reach its historic highs? -KPeer-reviewed study "Is Bitcoin Really Untethered) by UTexas John Griffin, and Ohio state U Amin ShamsBitfinex appears to have massively manipulated the price of Bitcoin in 2017"By mapping the blockchains of Bitcoin and Tether, we are able to establish that one large player on Bitfinex uses Tether to purchase large amounts of Bitcoin when prices are falling and following the printing of Tether."One player associated with more than half of the USDT/BTC exchangeOne of the authors' main hypotheses posited that Bitfinex creates Tether regardless of demand from cash investors. As such, any "additional supply of Tether can create an inflation in price of BitcoinBitfinex of course denied, said paper lacked academic rigor "updates or not"Coin telegraph has a counter articleCircle CEO tweeted response“Exchanges use omni-bus wallets that pool all customer balances and transactions on and off the exchange. So an analysis that shows that ‘a single wallet’ was involved in flows from Bitfinex to other exchanges is meaningless. All it shows is that traders were trading,”People saying all markets are manipulated, which fair. But tether not really addressed imoHistory of Bitfinex and Tether (black brant shoutout) highlights2016 Bitfinex loses 120k btc ($70m), becomes insolvent, just takes 36% from everyone, and they got BFX token, tracking $ denominated losesNot Coinbase after threatning to sue allegedlyBFX tanks, Bitfinex offers to redeem for equity in the company, conveniently at $1 per share. Then they repurchased them at $1They were banking through Taiwan, those banks dont have access to US financial systemSo they were using Wells Fargo as intermediaryWells Fargo announced they would no longer clear USD wires to/from BitfinexBitfnx sues, unsuccessfully.When they lost banking, there were $55m Tether, now $4bThey finally got accepted by Noble Bank in PRTurns out board didnt want them, worried about Bitfinex ruining relationship with BNY Mellon, a holding bank for banks outside US (inside system). Would kill themBut Tether lead a $2m Series A investment in NobleTether deposits hundreds of millions, people figure out who and why, kills Noble Bank, they move to Deltec BankSo bitfinex was using a company called CryptoCapital CorpAppears to be a money laundering operationbasically identified banks with poor compliance controls, opened account pretending to be in real estate, then shuffled money until they got shut down and repeatcustomer would want to deposit money with Bitfinex, they would contact Crypto Capital Corp, who would give them the name, account number, and bank of a shell corporation (with names like “Global Trade Solutions A.G.”), with instructions to wire the shell corporation money with a lie designed to not rouse suspicion from their banks.Reginald Fowler, CCC's principal architext, was skimming 10% of all the depositsDude invested $25m on Alliance of American Football, which crashedIn court Bitfinex claims they thought CCC made money of interest (because they barely charged for service)Then in 2018 regulators froze some of the shell corporation bank accounts and liquidity crisis ensuedAccuses them of using Bitfinex deposits to slowly rebalance that gap ($2.1b on hand is 74% of outstandingFowler has been arrested in the US. Ivan Manuel Molina (President) extradited from Greece to Poland on suspicion of money laundering for drug cartelsSamsung block chain has officially launched. - BFirst I really like their video.Second they're releasing a SDK, which is a Software Development Kit. It makes it easier for companies to build their assets on the chain.The Samsung ecosystem for DApps is supporting ETH.Your Keystore Wallet CAN use BTC as well.This is still in the Samsung Store, not Google PlayFrom the YT Video's Top commentsJesus christ i dont understand a single comment on this videoNow i know how my grandparents feel when i talk about technology.😆The video says NO MIDDLEMAN!! The video also introduce a new middleman his name??.....SAMSUNG I'm confused already🙂Also funny - the video might spoil the next note. It shows a phone with a camera completely embedded in the screen .$24 million worth of bitcoin in a SIM swap attack - KThis according to a WSJ reportMichael Terpin, hit on Jan 7, 20181500 BTC stolen near peak, here's howThey took control of phone number and used forgot psswd to get email accessThey hacked his wallet, and immediately moved and sold tokens"Once a hacker can breach a user's email account, they can scour for proof of asset holdings and subsequently target trading apps, bank accounts, and crypto wallets."Dude was hit with a SIM swap 7 months earlier!He added additional security with AT&amp;T, like asking for 6 digit pin to make changesHe also switched from text authentication to Google authenticationHe kept a portion of his virtual cash in a digital vault called a “native wallet,” which required a string of 12 random words to unlock.The hackers were able to cobble the code together once they hijacked his phone and wormed into his emailApparently a lot of young kids, one was a valedictorian, got caught cuz one police department showed interestTerpin suing AT&amp;T for 224m (200 punitive) for negligence, trying to get them to change thisATT tried to dismiss but a July judge ruled suit can move forwardRandom, turns out someone else is suing ATT for the same thingCalifornia Blockchain Entrepeneur Seth Shapiroalleging that a couple of the firm’s employees had perpetrated a nefarious SIM-swap scheme that resulted in the former losing $1.8 millionalleged that he is currently in possession of chat logs that clearly show the AT&amp;T employees and hackers discussing their plans to use the stolen funds to acquire their dream cars and other valuable objectsThis guy had also asked ATT to prioritize his call and account because he was high riskSomeone is fucking with EOS -BThere's a token called EIDOS that's massively clogging up the EOS network.It seems intentional, and done to prove a point.They have a twitter account - @enumivo Their handle is "Soon - something out of nothing" lol.The whole point of the airdrop is to do maximum transactions. Size doesn't matter.Moving EOS around mines you tokens for the coin.Current block producers don't seem to care.THAT'S A SCAMBe careful what you wish for: the first Cardano copycat emergesFunny title because Hoskinson joked about making it when we saw Cardano Cash and Cardano visionCardano Gold emerges, scamfrequent spelling mistakes and number errors on the project’s homepage"as seen in...." bestcoins, coinhills, foxico, olink..... all fake lolLists advisor, who says hes unaffiliatedCEO of South Korean exchange, CoinUp, receives 16 years in prisonMr. Kang-Mo defrauded investors out of 450 billion won ($384 million)Him, alongside a slew of other execs are receiving varying sentences with the lowest being 6 years in prison.They promised CoinUp customers up to 200% returns on crypto purchased just 4-10 weeks after purchase.They shilled projects that had a very small chance of increasing in value.At one point Mr. Kang-Mo photoshopped a pic of him next to Moon Jae-In that was then displayed in CoinUp offices presumably to mislead potential investors. LOL1930777613_7j3Wq6Ce_rrrrr.jpgRantsFunny story, one of the ways we get stories is sort by top on reddit for week. I misclicked year.Reddit User posts his portfolio from the ICO crazeElectrify.Asia: -95%Oyster Pearl: -99.96%Swarm City Token: -98.11%ZCash: -93%OMG: -93%Request: -93%Storj: -91%Kin: -98%FunFair: -94%Polymath: -98%Bitcoin Gold: -97%TenX: -98%Raiden Network: -96%Synero AMP: -99.6%Power Ledger: -95%Viuly: -99.6%Garlicoin: -94% (Invested 26k holyshit)Iconomi: -94%Augur: -86%Digix Dao: -93%Breaker: -96%Coinmine Red Flag - they are now offering 6.5% APR On holding mined funds in their wallet.

Hello, ladies and gentlemen, and welcome to this week's Flagship Friday! We do apologize for last week's absence but Brent had to scramble off to NY and Karim and Adam just couldn't figure out a recording time. Lovely lads. Anyway, enough about our inability to function - today we're looking at topics like Brave 1.0 and the Samsung Blockchain being released, Bitcoin's all time highs going under investigation, scams galore (who would've thought?) and much, much more. Bonus: we don't talk about Libra OR Craig Wright. This is truly an exceptional episode. Dive into the cryptoverse with us on this week's Flagship Friday. <ul><li>Rapid Fire</li><li><a href="https://brave.com/brave-launches-next-generation-browser/" rel="nofollow" target="_blank">Brave 1.0 has been released</a></li><li>Iphone and Ipad users now have full access to Brave 1.0 which now gives access to Brave Rewards, Brave Ads, and Brave Shields.</li><li>Previously in beta, Brave has 8.7 monthly active users and 300k verified publishers already.</li><li><a href="https://cointelegraph.com/news/ledger-vault-secures-150-million-crime-insurance-policy-for-digital-assets" rel="nofollow" target="_blank">Ledger Vault secures $150 mil Crime Insurance Policy</a></li><li>Ledger Vault, the custody are of hardware wallet manufacturer Ledger has developed a crime insurance policy with broker and risk advisory firm, Marsh and insurance company, Arch Insurance Unlimited</li><li>Ledger now provides a crime insurance program and protects against third-party theft of the master seed and private keys—even insider theft caused my collusion</li><li><a href="https://cointelegraph.com/news/iran-offers-bounty-for-illicit-cryptocurrency-mining-operations" rel="nofollow" target="_blank">Iran Offering Bounties For Illicit Mining Operations</a></li><li>Previously reported, Iran is a hot spot for crypto mining with low costs per kilowatt per hour. The Iranian government had to slap a tariff to stop exporting electricity.</li><li>Now they are offering bounties for up to 20% of damages to anyone who reports illegal mining operations within the country.</li><li><a href="https://blog.coinbase.com/announcing-new-confirmation-requirements-4a5504ba8d81" rel="nofollow" target="_blank">Coinbase has announced new confirmation requirements.</a></li><li>Basically your transactions will get faster for most coins they changed. BTC cut in half, Zcash cut 33%, ETC cut about 40%ish (But still a ton of confirmations)</li><li>LTC has doubled.</li><li><a href="https://imgur.com/jJMxtUH" rel="nofollow" target="_blank">Pornhub models were all blocked from using Paypal and had to switch their payout methods.</a> (Use Case)</li><li><a href="https://cointelegraph.com/news/john-mcafee-launches-whackd-an-epstein-didnt-kill-himself-crypto" rel="nofollow" target="_blank">John Mcafee Launches WHACKD — An Epstein didn't kill himself crypto</a></li><li>It will be launched on <a href="http://McafeeDex.com" rel="nofollow" target="_blank">McafeeDex.com</a>, his own exchange lol.</li><li><a href="https://www.newsweek.com/bitcoin-bitfinex-tether-cryptocurrency-market-manipulation-historic-value-fraud-1469640" rel="nofollow" target="_blank">Was BTC manipulated to reach its historic highs?</a> -K</li><li><a href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3195066" rel="nofollow" target="_blank">Peer-reviewed study</a> "Is Bitcoin Really Untethered) by UTexas John Griffin, and Ohio state U Amin Shams</li><li>Bitfinex appears to have massively manipulated the price of Bitcoin in 2017</li><li>"By mapping the blockchains of Bitcoin and Tether, we are able to establish that one large player on Bitfinex uses Tether to purchase large amounts of Bitcoin when prices are falling and following the printing of Tether."</li><li>One player associated with more than half of the USDT/BTC exchange</li><li>One of the authors' main hypotheses posited that Bitfinex creates Tether regardless of demand from cash investors. As such, any "additional supply of Tether can create an inflation in price of Bitcoin</li><li>Bitfinex of course denied, said paper lacked academic rigor "updates or not"</li><li>Coin telegraph has a <a href="https://cointelegraph.com/news/3-reasons-why-one-trader-didnt-manipulate-bitcoin-price-to-20k" rel="nofollow" target="_blank">counter article</a>Circle CEO tweeted response</li><li>“Exchanges use omni-bus wallets that pool all customer balances and transactions on and off the exchange. So an analysis that shows that ‘a single wallet’ was involved in flows from Bitfinex to other exchanges is meaningless. All it shows is that traders were trading,”</li><li>People saying all markets are manipulated, which fair. But tether not really addressed imo</li><li><a href="https://www.kalzumeus.com/2019/10/28/tether-and-bitfinex/" rel="nofollow" target="_blank">History of Bitfinex and Tether</a> (black brant shoutout) highlights</li><li>2016 Bitfinex loses 120k btc ($70m), becomes insolvent, just takes 36% from everyone, and they got BFX token, tracking $ denominated loses</li><li>Not Coinbase after threatning to sue allegedly</li><li>BFX tanks, Bitfinex offers to redeem for equity in the company, conveniently at $1 per share. Then they repurchased them at $1</li><li>They were banking through Taiwan, those banks dont have access to US financial system</li><li>So they were using Wells Fargo as intermediary</li><li>Wells Fargo announced they would no longer clear USD wires to/from Bitfinex</li><li>Bitfnx sues, unsuccessfully.</li><li>When they lost banking, there were $55m Tether, now $4b</li><li>They finally got accepted by Noble Bank in PR</li><li>Turns out board didnt want them, worried about Bitfinex ruining relationship with BNY Mellon, a holding bank for banks outside US (inside system). Would kill them</li><li>But Tether lead a $2m Series A investment in Noble</li><li>Tether deposits hundreds of millions, people figure out who and why, kills Noble Bank, they move to Deltec Bank</li><li>So bitfinex was using a company called CryptoCapital Corp</li><li>Appears to be a money laundering operation</li><li>basically identified banks with poor compliance controls, opened account pretending to be in real estate, then shuffled money until they got shut down and repeat</li><li>customer would want to deposit money with Bitfinex, they would contact Crypto Capital Corp, who would give them the name, account number, and bank of a shell corporation (with names like “Global Trade Solutions A.G.”), with instructions to wire the shell corporation money with a lie designed to not rouse suspicion from their banks.</li><li>Reginald Fowler, CCC's principal architext, was skimming 10% of all the deposits</li><li>Dude invested $25m on Alliance of American Football, which crashed</li><li>In court Bitfinex claims they thought CCC made money of interest (because they barely charged for service)</li><li>Then in 2018 regulators froze some of the shell corporation bank accounts and liquidity crisis ensued</li><li>Accuses them of using Bitfinex deposits to slowly rebalance that gap ($2.1b on hand is 74% of outstanding</li><li>Fowler has been arrested in the US. Ivan Manuel Molina (President) extradited from Greece to Poland on suspicion of money laundering for drug cartels</li><li><a href="https://www.youtube.com/watch?v=vgI1DbH1gFc&amp;feature=share" rel="nofollow" target="_blank">Samsung block chain has officially launched.</a> - B</li><li>First I really like their video.</li><li>Second they're releasing a SDK, which is a Software Development Kit. It makes it easier for companies to build their assets on the chain.</li><li>The Samsung ecosystem for DApps is supporting ETH.</li><li>Your Keystore Wallet CAN use BTC as well.</li><li>This is still in the Samsung Store, not Google Play</li><li>From the YT Video's Top comments</li><li>Jesus christ i dont understand a single comment on this video</li><li>Now i know how my grandparents feel when i talk about technology.😆</li><li>The video says NO MIDDLEMAN!! The video also introduce a new middleman his name??.....SAMSUNG I'm confused already🙂</li><li>Also funny - the video might spoil the next note. It shows a phone with a camera completely embedded in the screen .</li><li><a href="https://markets.businessinsider.com/currencies/news/bitcoin-investor-loses-24-million-of-crypto-sim-swap-hackers-2019-11-1028677818" rel="nofollow" target="_blank">$24 million worth of bitcoin in a SIM swap attack</a> - K</li><li>This according to a WSJ report</li><li>Michael Terpin, hit on Jan 7, 2018</li><li>1500 BTC stolen near peak, here's how</li><li>They took control of phone number and used forgot psswd to get email access</li><li>They hacked his wallet, and immediately moved and sold tokens</li><li>"Once a hacker can breach a user's email account, they can scour for proof of asset holdings and subsequently target trading apps, bank accounts, and crypto wallets."</li><li>Dude was hit with a SIM swap 7 months earlier!</li><li>He added additional security with AT&amp;T, like asking for 6 digit pin to make changes</li><li>He also switched from text authentication to Google authentication</li><li>He kept a portion of his virtual cash in a digital vault called a “native wallet,” which required a string of 12 random words to unlock.</li><li>The hackers were able to cobble the code together once they hijacked his phone and wormed into his email</li><li>Apparently a lot of young kids, one was a valedictorian, got caught cuz one police department showed interest</li><li>Terpin suing AT&amp;T for 224m (200 punitive) for negligence, trying to get them to change this</li><li>ATT tried to dismiss but a July judge ruled suit can move forward</li><li>Random, <a href="https://cointelegraph.com/news/the-curious-case-of-att-seth-shapiros-sim-card-and-a-stolen-18m" rel="nofollow" target="_blank">turns out someone else is suing ATT for the same thing</a>California Blockchain Entrepeneur Seth Shapiro</li><li>alleging that a couple of the firm’s employees had perpetrated a nefarious SIM-swap scheme that resulted in the former losing $1.8 million</li><li>alleged that he is currently in possession of chat logs that clearly show the AT&amp;T employees and hackers discussing their plans to use the stolen funds to acquire their dream cars and other valuable objects</li><li>This guy had also asked ATT to prioritize his call and account because he was high risk</li><li><a href="https://www.coindesk.com/a-mysterious-airdrop-called-eidos-is-clogging-eos-to-make-a-point" rel="nofollow" target="_blank">Someone is fucking with EOS</a> -B</li><li>There's a token called EIDOS that's massively clogging up the EOS network.</li><li>It seems intentional, and done to prove a point.</li><li>They have a twitter account - @enumivo Their handle is "Soon - something out of nothing" lol.</li><li>The whole point of the airdrop is to do maximum transactions. Size doesn't matter.</li><li>Moving EOS around mines you tokens for the coin.</li><li>Current block producers don't seem to care.</li></ul><h3>THAT'S A SCAM</h3><ul><li><a href="https://cryptoslate.com/be-careful-what-you-wish-for-the-first-cardano-copycat-emerges/" rel="nofollow" target="_blank">Be careful what you wish for: the first Cardano copycat emerges</a></li><li>Funny title because Hoskinson joked about making it when we saw Cardano Cash and Cardano vision</li><li>Cardano Gold emerges, scam</li><li>frequent spelling mistakes and number errors on the project’s homepage</li><li>"as seen in...." bestcoins, coinhills, foxico, olink..... all fake lol</li><li>Lists advisor, who says hes unaffiliated</li><li><a href="https://thenextweb.com/hardfork/2019/11/13/south-korea-coinup-cryptocurrency-exchange-ponzi-pyramid-scheme-fraud-ceo-jail/" rel="nofollow" target="_blank">CEO of South Korean exchange, CoinUp, receives 16 years in prison</a></li><li>Mr. Kang-Mo defrauded investors out of 450 billion won ($384 million)</li><li>Him, alongside a slew of other execs are receiving varying sentences with the lowest being 6 years in prison.</li><li>They promised CoinUp customers up to 200% returns on crypto purchased just 4-10 weeks after purchase.</li><li>They shilled projects that had a very small chance of increasing in value.</li><li>At one point Mr. Kang-Mo photoshopped a pic of him next to Moon Jae-In that was then displayed in CoinUp offices presumably to mislead potential investors. LOL</li><li>1930777613_7j3Wq6Ce_rrrrr.jpg</li><li>Rants</li><li>Funny story, one of the ways we get stories is sort by top on reddit for week. I misclicked year.</li><li>Reddit User posts his portfolio from the ICO craze</li><li><a href="http://electrify.Asia" rel="nofollow" target="_blank">Electrify.Asia</a>: -95%</li><li>Oyster Pearl: -99.96%</li><li>Swarm City Token: -98.11%</li><li>ZCash: -93%</li><li>OMG: -93%</li><li>Request: -93%</li><li>Storj: -91%</li><li>Kin: -98%</li><li>FunFair: -94%</li><li>Polymath: -98%</li><li>Bitcoin Gold: -97%</li><li>TenX: -98%</li><li>Raiden Network: -96%</li><li>Synero AMP: -99.6%</li><li>Power Ledger: -95%</li><li>Viuly: -99.6%</li><li>Garlicoin: -94% (Invested 26k holyshit)</li><li>Iconomi: -94%</li><li>Augur: -86%</li><li>Digix Dao: -93%</li><li>Breaker: -96%</li><li><a href="https://coinmine.com/pages/coinmine-interest-terms-conditions" rel="nofollow" target="_blank">Coinmine Red Flag - they are now offering 6.5% APR On holding mined funds in their wallet.</a></li></ul>

Episode 212 - Brave 1.0 is released, Samsung blockchain is released, CEO of CoinUp... won't really be released anytime soon.

Come one, come all, to this week's Flagship Friday, where we cover the week's crypto news and happenings! Today we're taking a look at Uber getting into the crypto world with Uber Money, we're taking a look at China that, in true China fashion, goes bullish on blockchain in the most authoritarian, orwellian way possible, and finally - we're celebrating! Big Daddy Bitcoin is 11 years old as of today!  All of the above and more on today's episode! Dive into the cryptoverse with us on this week's edition of Flagship Friday!  Rapid Fire   Bitcoin Is 11 Years Old!!  Mt. Gox Bitcoin Refunder Pushed Back Deadline to Spring 2020  Congressman Tom Emmer Introduces A Bill To Limit SEC's Reach Substratum CEO bought a $1.5M house while tweeting about how everyone should buy SUB  A German engineering consultancy DMT has launched CERA, a blockchin-based certification scheme that tracks raw materials.  Volkswagen and the United Nations are on its advisory board in hopes that CERA can be a universal standard for the raw materials industry.        Uber Is Creating Its Own Payments Service Called Uber Money  On Monday, October 28th Uber launched it's own payments service called Uber Money initially aimed towards its 4 mill drivers. Can store money, track transaction history and make electronic payments. One cool feature is the overdraft protection of up to $100. So if a driver is strapped for cash, they can fill up their tank with gas so they can go out and work. No cryptocurrency element. Crypto can be murky with the law, and expensive and slow if transferring small amounts. Financial firms have actually been improving their own tech to make mobile payments faster and cheaper. Uber could one day offer a bank account to consumers. “We wanted to help everybody understand that there’s a new part of Uber that’s focused on financial services, and that has a mission of giving people access to the type of financial services they were excluded from,” Uber Money head Peter Hazlehurst told CNBC. Industry observers see this as a way to bind users to their platform to keep them engaged—a customer retention play as well.   (Charting the course of Bitcoin, 11 years and counting)   Bitcoin white paper was published Oct 31 2008 (all we know about author is it wasn't CW)   coinbase blog post examining 11 indicators btc is gaining momentum, creating econ opportunity, increasing global utility   Comparisons with other tech  Email (1972) - Took till 1997 to surpass 10m people TV (1927) - By the end of the 1940s only 2% of families had one BTC (2008) - 27m in US by 2019, 9%    Google Trends  Interest has been spreading across the world, with countries taking turns on the top spot for highest relative interest 2009, Austria had the highest relative interest, followed by Kazakhstan (2010), Estonia (2011), Finland (2012), Ghana (2015), Nigeria (2016), and South Africa (2017). In 2018 more americans typed in Bitcoin than royal wedding or election results    Over 55,000 computers in 96 countries running full nodes   Buying $10/mo in btn over past 4 years (Oct 2015) would have a yield 595%  $480 to 3337...sponsored by coinbase =)    Demand for Bitcoin in economically volatile regions reached record highs in 2019   Local Bitcoins exchange volume in Venezuela, Argentina, &amp; HK spiking       Okay so we all know Bitcoin is the most secure blockchain  Now at 108m terahashes per second "Bitcoin is far and away the largest computational network ever created,"  Source is legit but had to check this claim Multilple articles from 2013, 2015 talking about how many times more powerful than 500 supercomputers bitcoin was        Get your cows, BUT ON BLOCKCHAIN  There's a lot of issue with supply chain, more than I ever knew. Being launched by Wong Supermarket, which is apparently Chilean, you'll be able to scan your meat via an app, and see where its been. There's a company behind this is called SUKU, which is a US based supply chain company with founders from Deloitte. They're actually developing on the Quorum chain, which is the JP Morgan permissioned chain. “You have a large group of consumers that want to buy sustainability, and want to buy transparent products from brands. But they don’t do it today – they don’t trust what the brands are saying. There’s a $1 trillion market sitting there for companies and brands to take if they can speak the same language as those consumers do.” This would even track the animal welfare and everything. If they say "We have vaccinated every animal" it would then need to be confirmed by the correct observing party. Apparently Wong is kinda like a Whole Foods, but it was bought by a conglomorate called Cencosud and people were pissed.    WTF is going on with Bitmain  Bitmain is a huge mining firm, one of the biggest in existence. They've ousted the co-founder and executive director - his name is Micree Ketuan Zhan. Coindesk got the following from an anonymous source for an internal E-mail from Jihan Wu- “Bitmain’s co-founder, chairman, legal representative and executive director Jihan Wu has decided to dismiss all roles of Ketuan Zhan, effective immediately. Any Bitmain staff shall no longer take any direction from Zhan, or participate in any meeting organized by Zhan. Bitmain may, based on the situation, consider terminating employment contracts of those who violate this note.” There isn't any information on WHY. He actually owned more shares than the more well known Jihan Wu . There was an all hands meeting on Tuesday to discuss this, and CoinDesk was even able to get some info from that. Wu had stepped away from Bitmain in December of 2018 as an active day to day participant, but obviously is back at it. Apparently the two had a massive falling out, and it resulted in what Wu described as a power struggle in the meeting, and they had been since 2015. The major layoffs in 2018 were a key point of contention, Zhan didn't want to fire anyone, and Wu didn't see the company surviving if they didn't, so Zhan tried to seize control as the sole CEO at that time . So he starts throwin shade, saying Zhan was insecure and he let him have his chainman role etc, but that this resulted in pulled credit lines, and calling up of credit. If Bitcoin hadn't bounced back, maybe there was no saving the company after that. Bitmain has had declining hashrate share and it continues to do so. Apparently Zhan wanted to move into AI, which isn't really their niche and wanted to raise funds and dedicate current funds to do it. I guess this was the big divide. He's also banned from the offices. Maybe this will hurr their chances at their planned US IPO?    Crypto Around the World   China goes bullish on blockchain  China Now Banning Anything Calling Blockchain A Scam Business Insider article Xi said last week that China should accelerate the development of blockchain technology  called for greater research and investment Quoted saying it will play an important role in next round of tech innovation and industrial transformation And that China wanted to gain an edge over other major countries in R&amp;D and in a wider goal, demanded deep integration with other information technologies , including AI, big data, &amp; IOT.   Official at Central Bank urging commercial banks to 'step up their application'  So of course that caused a market boom  People's Daily (State newspaper) tried to tamper enthusiasm “Blockchain’s future is here but we must remain rational, The rise of blockchain technology was accompanied by that of cryptocurrencies, but innovation in blockchain technology does not mean we should speculate in virtual currencies.”      Croatia's UBIK NGO Moves Governance To Blockchain  Starting Nov 1st Croatia's NGO is moving it's governance onto the Ethereum blockchain in the form of a DAO using Aragon. UBIK is a Croatian blockchain and cryptocurrency association. If you belong to it you will have the right to 10 reputation tokens Board members will get 100 tokens UBIK executed a blockchain vote earlier in the year but it was using QR codes in a temporary wallet not on Ethereum. They were trying to keep it simple for non-technical users. UBIK requires a proper blockchain wallet to use like Metamask or Frame. Less straightforward so there might be some onboarding for the less savvy users. DAO will be used to group decisions and will be first blockchain in the world to do such a thing in an official capacity. DAO will also keep the funds in DeFi earning 5-10% annually to offset fees for the org.      Exit Please join the conversation in the Discord. We're in there all the time. Rate us on iTunes. Follow CryptoBasicBrent on Reddit. We are not Financial advisers.  

Come one, come all, to this week's Flagship Friday, where we cover the week's crypto news and happenings! Today we're taking a look at Uber getting into the crypto world with Uber Money, we're taking a look at China that, in true China fashion, goes bullish on blockchain in the most authoritarian, orwellian way possible, and finally - we're celebrating! Big Daddy Bitcoin is 11 years old as of today!  All of the above and more on today's episode! Dive into the cryptoverse with us on this week's edition of Flagship Friday! <ul> <li>Rapid Fire <ul> <li><a href="https://decrypt.co/10922/happy-11th-birthday-bitcoin-whats-happened-since-its-whitepaper-published" rel="nofollow" target="_blank"> Bitcoin Is 11 Years Old!!</a></li> <li><a href="https://cointelegraph.com/news/mt-gox-bitcoin-stays-put-claims-deadline-pushed-back-to-spring-2020" rel="nofollow" target="_blank"> Mt. Gox Bitcoin Refunder Pushed Back Deadline to Spring 2020</a></li> <li><a href="https://micky.com.au/us-congressman-to-introduce-legislation-to-protect-crypto-from-sec-overreach/" rel="nofollow" target="_blank"> Congressman Tom Emmer Introduces A Bill To Limit SEC's Reach</a></li> <li><a href="https://twitter.com/wbm_97/status/1188864003742810113?s=21" rel="nofollow" target="_blank">Substratum CEO bought a $1.5M house while tweeting about how everyone should buy SUB</a></li> <li><a href="https://decrypt.co/10935/blockchain-traceability-certification-launches-with-un-volkswagen-backing" rel="nofollow" target="_blank"> A German engineering consultancy DMT has launched CERA, a blockchin-based certification scheme that tracks raw materials.</a> <ul> <li>Volkswagen and the United Nations are on its advisory board in hopes that CERA can be a universal standard for the raw materials industry.</li> </ul> </li> </ul> </li> </ul> <ul> <li><a href="https://decrypt.co/10932/uber-money-how-big-tech-is-reinventing-mobile-payments" rel="nofollow" target="_blank"> Uber Is Creating Its Own Payments Service Called Uber Money</a> <ul> <li>On Monday, October 28th Uber launched it's own payments service called Uber Money initially aimed towards its 4 mill drivers.</li> <li>Can store money, track transaction history and make electronic payments. One cool feature is the overdraft protection of up to $100. So if a driver is strapped for cash, they can fill up their tank with gas so they can go out and work.</li> <li>No cryptocurrency element. Crypto can be murky with the law, and expensive and slow if transferring small amounts.</li> <li>Financial firms have actually been improving their own tech to make mobile payments faster and cheaper.</li> <li>Uber could one day offer a bank account to consumers.</li> <li>“We wanted to help everybody understand that there’s a new part of Uber that’s focused on financial services, and that has a mission of giving people access to the type of financial services they were excluded from,” Uber Money head Peter Hazlehurst told CNBC.</li> <li>Industry observers see this as a way to bind users to their platform to keep them engaged—a customer retention play as well.</li> </ul> </li> <li>(<a href="https://blog.coinbase.com/charting-the-course-of-bitcoin-11-years-and-counting-b4e17969d4e1" rel="nofollow" target="_blank">Charting the course of Bitcoin, 11 years and counting</a>) <ul> <li> Bitcoin white paper was published Oct 31 2008 (all we know about author is it wasn't CW) </li> <li> coinbase blog post examining 11 indicators btc is gaining momentum, creating econ opportunity, increasing global utility </li> <li> Comparisons with other tech <ul> <li>Email (1972) - Took till 1997 to surpass 10m people</li> <li>TV (1927) - By the end of the 1940s only 2% of families had one</li> <li>BTC (2008) - 27m in US by 2019, 9%</li> </ul> </li> <li> Google Trends <ul> <li>Interest has been spreading across the world, with countries taking turns on the top spot for highest relative interest</li> <li>2009, Austria had the highest relative interest, followed by Kazakhstan (2010), Estonia (2011), Finland (2012), Ghana (2015), Nigeria (2016), and South Africa (2017).</li> <li>In 2018 more americans typed in Bitcoin than royal wedding or election results</li> </ul> </li> <li> Over 55,000 computers in 96 countries running full nodes </li> <li> Buying $10/mo in btn over past 4 years (Oct 2015) would have a yield 595% <ul> <li>$480 to 3337...sponsored by coinbase =)</li> </ul> </li> <li> Demand for Bitcoin in economically volatile regions reached record highs in 2019 <ul> <li> Local Bitcoins exchange volume in Venezuela, Argentina, &amp; HK spiking </li> </ul> </li> <li> Okay so we all know Bitcoin is the most secure blockchain <ul> <li>Now at 108m terahashes per second</li> <li>"Bitcoin is far and away the largest computational network ever created," <ul> <li>Source is legit but had to check this claim</li> <li>Multilple articles from 2013, 2015 talking about how many times more powerful than 500 supercomputers bitcoin was</li> </ul> </li> </ul> </li> </ul> </li> <li><a href="https://www.coindesk.com/new-blockchain-based-system-will-track-steers-from-hoof-to-plate" rel="nofollow" target="_blank"> Get your cows, BUT ON BLOCKCHAIN</a> <ul> <li>There's a lot of issue with supply chain, more than I ever knew.</li> <li>Being launched by Wong Supermarket, which is apparently Chilean, you'll be able to scan your meat via an app, and see where its been.</li> <li>There's a company behind this is called <a href="https://www.suku.world/" rel="nofollow" target="_blank">SUKU</a>, which is a US based supply chain company with founders from Deloitte.</li> <li>They're actually developing on the Quorum chain, which is the JP Morgan permissioned chain.</li> <li>“You have a large group of consumers that want to buy sustainability, and want to buy transparent products from brands. But they don’t do it today – they don’t trust what the brands are saying. There’s a $1 trillion market sitting there for companies and brands to take if they can speak the same language as those consumers do.”</li> <li>This would even track the animal welfare and everything. If they say "We have vaccinated every animal" it would then need to be confirmed by the correct observing party.</li> <li>Apparently Wong is kinda like a Whole Foods, but it was bought by a conglomorate called Cencosud and people were pissed.</li> </ul> </li> <li><a href="https://www.coindesk.com/bitmain-turmoil-co-founder-and-director-micree-zhan-ousted-from-management" rel="nofollow" target="_blank"> WTF is going on with Bitmain</a> <ul> <li>Bitmain is a huge mining firm, one of the biggest in existence.</li> <li>They've ousted the co-founder and executive director - his name is Micree Ketuan Zhan.</li> <li>Coindesk got the following from an anonymous source for an internal E-mail from Jihan Wu-</li> <li>“Bitmain’s co-founder, chairman, legal representative and executive director Jihan Wu has decided to dismiss all roles of Ketuan Zhan, effective immediately. Any Bitmain staff shall no longer take any direction from Zhan, or participate in any meeting organized by Zhan. Bitmain may, based on the situation, consider terminating employment contracts of those who violate this note.”</li> <li>There isn't any information on WHY.</li> <li>He actually owned more shares than the more well known Jihan Wu .</li> <li>There was an all hands meeting on Tuesday to discuss this, and CoinDesk was even able to get some info from that.</li> <li>Wu had stepped away from Bitmain in December of 2018 as an active day to day participant, but obviously is back at it. Apparently the two had a massive falling out, and it resulted in what Wu described as a power struggle in the meeting, and they had been since 2015.</li> <li>The major layoffs in 2018 were a key point of contention, Zhan didn't want to fire anyone, and Wu didn't see the company surviving if they didn't, so Zhan tried to seize control as the sole CEO at that time .</li> <li>So he starts throwin shade, saying Zhan was insecure and he let him have his chainman role etc, but that this resulted in pulled credit lines, and calling up of credit. If Bitcoin hadn't bounced back, maybe there was no saving the company after that.</li> <li>Bitmain has had declining hashrate share and it continues to do so.</li> <li>Apparently Zhan wanted to move into AI, which isn't really their niche and wanted to raise funds and dedicate current funds to do it. I guess this was the big divide.</li> <li>He's also banned from the offices.</li> <li>Maybe this will hurr their chances at their planned US IPO?</li> </ul> </li> </ul> <h2>Crypto Around the World</h2> <ul> <li><a href="https://www.businessinsider.com/china-bullish-on-blockchain-xi-jinping-2019-10" rel="nofollow" target="_blank"> China goes bullish on blockchain</a> <ul> <li><a href="https://twitter.com/cnLedger/status/1188646805342322688" rel="nofollow" target="_blank">China Now Banning Anything Calling Blockchain A Scam</a></li> <li>Business Insider article</li> <li>Xi said last week that China should accelerate the development of blockchain technology <ul> <li>called for greater research and investment</li> <li>Quoted saying it will play an important role in next round of tech innovation and industrial transformation</li> <li>And that China wanted to gain an edge over other major countries in R&amp;D</li> <li>and in a wider goal, demanded deep integration with other information technologies , including AI, big data, &amp; IOT.</li> </ul> </li> <li>Official at Central Bank urging commercial banks to '<a href="https://www.reuters.com/article/us-china-blockchain/china-central-bank-official-says-commercial-banks-should-step-up-blockchain-application-idUSKBN1X704A?feedType=RSS&amp;feedName=technologyNews&amp;utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+reuters%2FtechnologyNews+%28Reuters+Technology+News%29" rel="nofollow" target="_blank">step up their application</a>' <ul> <li>So of course that caused a market boom</li> <li><a href="https://cointelegraph.com/news/china-warns-against-cryptocurrency-speculation-amid-blockchain-hype" rel="nofollow" target="_blank"> People's Daily (State newspaper) tried to tamper enthusiasm</a></li> <li>“Blockchain’s future is here but we must remain rational, The rise of blockchain technology was accompanied by that of cryptocurrencies, but innovation in blockchain technology does not mean we should speculate in virtual currencies.”</li> </ul> </li> </ul> </li> <li><a href="https://bitfalls.com/2019/10/29/croatias-ubik-ngo-moves-governance-to-the-blockchain/" rel="nofollow" target="_blank"> Croatia's UBIK NGO Moves Governance To Blockchain</a> <ul> <li>Starting Nov 1st Croatia's NGO is moving it's governance onto the Ethereum blockchain in the form of a DAO using Aragon.</li> <li>UBIK is a Croatian blockchain and cryptocurrency association. If you belong to it you will have the right to 10 reputation tokens</li> <li>Board members will get 100 tokens</li> <li>UBIK executed a blockchain vote earlier in the year but it was using QR codes in a temporary wallet not on Ethereum. They were trying to keep it simple for non-technical users.</li> <li>UBIK requires a proper blockchain wallet to use like Metamask or Frame. Less straightforward so there might be some onboarding for the less savvy users.</li> <li>DAO will be used to group decisions and will be first blockchain in the world to do such a thing in an official capacity. DAO will also keep the funds in DeFi earning 5-10% annually to offset fees for the org.</li> </ul> </li> </ul> <ul> <li> Exit Please join the conversation in the Discord. We're in there all the time. Rate us on iTunes. Follow CryptoBasicBrent on Reddit. We are not Financial advisers. </li> </ul>

Episode 211 - China goes bullish on blockchain, Uber Money is a thing, and.. happy birthday Bitcoin!

Welcome to Flagship Friday, where we go over the most important crypto news of the week. This time around we're talking about Ethereum's new Istanbul upgrade, about India proposing banning cryptocurrency, and we're going over scams. A lot of them. You'll have to tune in and see.Rapid FireJack Dorsey Tweet Thread For Open Sourced Social Media StandardsBitMex Gets Sued By Seed InvestorBasically saying their $30k investment should be worth $50M now, so they're suing for $300MCharles Hoskinson decided he wanted to fight Chico Crypto? Jesus. I think it's not happening now.In a very un-ripple move (at least for my bias) they are rolling out a digital marketplace for music where the creator gets 100% of proceeds. Called XSongsCoinbase's debit card has added a stablecoin.Craig Wright Tries To Avoid Paying $658k Legal FeesMatic Massive DumpAfter rising 180% in 2 weeks, Shed 70% of its value in minutes on TuesdayA trader pointed out holders of the coin "basically became 1% poorer every 15 seconds for 30+ minutes in a row"there was speculation of it being a p&amp;d within the Matic Team but then CZ refuted that claim pretty quicklythe Matic COO tweeted out that he woke up to this nightmare and claiming it had nothing to do with them. They would post a detailed analysis and will come out stronger than ever" (He's indian, lost in translation slightly)Matic was one of Binances IEO's, initial exchange offering, and CZ raised the question on if exchanges should interfere in situations like this in the future. What do you guys think about that?Major bank ING looks to offer cryptocurrency custodyDutch Bank ING is working on plans to offer its customers secured cryptocurrency storageReuters relays that crypto custody will be among one of ING's many blockchain initiatives in the near future.Fidelity launched their custody service a few months ago too, but that was more for institutional investorsEthereum Has Successfully Upgraded to IstanbulThis is basically a group of 7 Eth Improvement protocols, the first of which just lists the rest of them.One will change how the storage of data is calculated, making smart contracts able to execute functions easier.One willOne will change some of the pricing to prevent spamming attacks.There are two protocols that allow cheaper use of the SNARK and STARK tech, which is the zero knowledge proof ability similar to zk-SNARKS like on Zcash or ZEN.They also add the ability to do atomic swaps of ZCash and Eth by allowing the chain to verify the Equihash Proof of work protocol (maybe this is to help secure the POS that is coming?)They mention that this will propel them above 3000TPS, which is "higher than visa" which might matter if they weren't trying to be a computer.We're not at 2.0 yet, and there will be a Berlin update in the future.Crypto Around the WorldProposed Cryptocurrency Ban In IndiaDuring recent monetary conference Reserve Bank of India reiterated its stance on banning privately-owned cryptocurrency in IndiaAccording to RBI governor Shaktikanta Das, issuing currency is a sovereign mandate and this should not be given to private companiesDas also revealed that RBI held internal discussions with Central banks and is considering the possibility of coming out with India’s own digital currency (but thats its very early)RBI had previously announced that no banks could deal with entities or consumers dealing with crypto, gave them 3 months to settle their servicesWorth noting that there are internal challenges to this ban at their supreme court, we'll see how it rulesTHAT'S A SCAMSEC Charges Shopin CEO With Fraud Over Unregistered $42mil ICOShopin CEO name is Eran EyalSo what was Shopin? It was one of the ICO craze companies that was built to track and store customer data across shopping platforms. Solving the problem of having 50,000 accounts I guess?They didn't build anything at all.They listed partnerships that they don't appear to have made, called them partnerships with "multiple retailers" and they even listed an advisory role with a "prominent Silicon Valley Blockchain Entrepreneur"So I'm not really sure how this works, but he has already pleaded guilty to fraud with another separate case that was brought by the NYAG in 2017. He had a previous company called Springleap that he defrauded of $600k, and he has to pay that back in the form of 125k in restitution and 475k in judgements. Apparently 450k of crypto has been seized to pay for this.The SEC lawsuit is significantly higher, and it expects to charge him with an unregistered security offering, as well as bar him from acting as an officer of any company in the future.He also took 500k in funds from the ICO for the following reasons, none of which were related to the thing. "Rent, shopping, entertainment, expenses, and a Dating Service"Three Men Arrested, 5 Charge in New Jersey $722 Million Cryptocurrency Ponzi SchemeDepartment of Justice, U.S. Attorney’s Office, District of New Jersey Releasedefrauded investors out of 722m promising huge returns if they joined investing clubwhile privately calling their clients “sheep” and “idiots,”defendants operated BitClub Network, which they promoted as "the most transparent company in the history of the world” and “too big to fail.”Looks like they were just promising a BTC mining setupThey got thousands of people according to Carpenting (US Attorney for NJ)One of the people arrested in Germany, the other in Colorado, the other in FL, and the last in Californiaindictment said the defendants operated BitClub Network from October 2014 until this monthThey would essentially show false figures and were told they were Bitcoin mining earningsFebruary 2015, for example, Mr. Goettsche directed one of his conspirators to “bump up the daily mining earnings starting today by 60 percent,”Person responded “That is not sustainable, that is Ponzi” territory and a “fast cash-out Ponzi … but sure,”Sep 2017 Goettsche (main dude) then told another conspirator to drop earnings significantlyin January 2015 that “we are building this whole model on the backs of idiots.”In one video they said $3,599 investment can yield...250k over 3 years! Conservatively!They never bought mining equipmentPlus Token Is A Top Ten Holder of ETHWe reported on Plus Token some time ago and thankfully it has been shut down but before it was all said and done the ponzi scam holds nearly 800k Ethereum worth close to $120mil. Still, Plus Token scammed nearly $3billion so this is a just a fraction of what was scammed.It's unsure if Chinese authorities has control of this address or not.

Welcome to Flagship Friday, where we go over the most important crypto news of the week. This time around we're talking about Ethereum's new Istanbul upgrade, about India proposing banning cryptocurrency, and we're going over scams. A lot of them. You'll have to tune in and see. <ul><li>Rapid Fire</li><li><a href="https://twitter.com/jack/status/1204766078468911106?s=20" rel="nofollow" target="_blank">Jack Dorsey Tweet Thread For Open Sourced Social Media Standards</a></li><li><a href="https://www.bloomberg.com/news/articles/2019-12-11/crypto-exchange-bitmex-is-hit-with-300-million-investor-lawsuit?cmpid=socialflow-twitter-business&amp;utm_campaign=socialflow-organic&amp;utm_medium=social&amp;utm_source=twitter&amp;utm_content=business" rel="nofollow" target="_blank">BitMex Gets Sued By Seed Investor</a>Basically saying their $30k investment should be worth $50M now, so they're suing for $300M</li><li><a href="https://beincrypto.com/cardano-founder-to-fight-crypto-youtuber-in-mma-match-for-charity/" rel="nofollow" target="_blank">Charles Hoskinson decided he wanted to fight Chico Crypto? Jesus. I think it's not happening now.</a></li><li><a href="https://dailyhodl.com/ripple-director-of-product-launches-xrp-entertainment-marketplace-for-music/" rel="nofollow" target="_blank">In a very un-ripple move (at least for my bias) they are rolling out a digital marketplace for music where the creator gets 100% of proceeds.</a> Called XSongs</li><li><a href="https://blog.coinbase.com/introducing-dai-the-first-stablecoin-on-coinbase-card-a46a1040d411" rel="nofollow" target="_blank">Coinbase's debit card has added a stablecoin.</a></li><li><a href="https://www.reddit.com/r/CryptoCurrency/comments/e9m5nu/craig_wright_tries_to_wriggle_out_of_paying_658k/" rel="nofollow" target="_blank">Craig Wright Tries To Avoid Paying $658k Legal Fees</a></li><li><a href="https://en.ethereumworldnews.com/dump-it-popular-crypto-matic-drops-70-in-under-an-hour/" rel="nofollow" target="_blank">Matic Massive Dump</a>After rising 180% in 2 weeks, Shed 70% of its value in minutes on Tuesday</li><li>A trader pointed out holders of the coin "basically became 1% poorer every 15 seconds for 30+ minutes in a row"</li><li>there was speculation of it being a p&amp;d within the Matic Team but then CZ refuted that claim pretty quickly</li><li>the Matic COO tweeted out that he woke up to this nightmare and claiming it had nothing to do with them. They would post a detailed analysis and will come out stronger than ever" (He's indian, lost in translation slightly)</li><li>Matic was one of Binances IEO's, initial exchange offering, and CZ raised the question on if exchanges should interfere in situations like this in the future. What do you guys think about that?</li><li><a href="https://decrypt.co/14485/major-bank-ing-looks-to-offer-cryptocurrency-custody-report" rel="nofollow" target="_blank">Major bank ING looks to offer cryptocurrency custody</a>Dutch Bank ING is working on plans to offer its customers secured cryptocurrency storage</li><li>Reuters relays that crypto custody will be among one of ING's many blockchain initiatives in the near future.</li><li>Fidelity launched their custody service a few months ago too, but that was more for institutional investors</li><li><a href="https://blockonomi.com/ethereum-istanbul-live-important/" rel="nofollow" target="_blank">Ethereum Has Successfully Upgraded to Istanbul</a>This is basically a group of 7 Eth Improvement protocols, the first of which just lists the rest of them.</li><li>One will change how the storage of data is calculated, making smart contracts able to execute functions easier.</li><li>One will</li><li>One will change some of the pricing to prevent spamming attacks.</li><li>There are two protocols that allow cheaper use of the SNARK and STARK tech, which is the zero knowledge proof ability similar to zk-SNARKS like on Zcash or ZEN.</li><li>They also add the ability to do atomic swaps of ZCash and Eth by allowing the chain to verify the Equihash Proof of work protocol (maybe this is to help secure the POS that is coming?)</li><li>They mention that this will propel them above 3000TPS, which is "higher than visa" which might matter if they weren't trying to be a computer.</li><li>We're not at 2.0 yet, and there will be a Berlin update in the future.</li></ul><h2>Crypto Around the World</h2><ul><li><a href="https://www.entrepreneur.com/article/343604" rel="nofollow" target="_blank">Proposed Cryptocurrency Ban In India</a>During recent monetary conference Reserve Bank of India reiterated its stance on banning privately-owned cryptocurrency in India</li><li>According to RBI governor Shaktikanta Das, issuing currency is a sovereign mandate and this should not be given to private companies</li><li>Das also revealed that RBI held internal discussions with Central banks and is considering the possibility of coming out with India’s own digital currency (but thats its very early)</li><li>RBI had previously announced that no banks could deal with entities or consumers dealing with crypto, gave them 3 months to settle their services</li><li>Worth noting that there are internal challenges to this ban at their supreme court, we'll see how it rules</li></ul><h3>THAT'S A SCAM</h3><ul><li><a href="https://www.coindesk.com/sec-charges-shopin-ceo-with-fraud-over-unregistered-42m-ico" rel="nofollow" target="_blank">SEC Charges Shopin CEO With Fraud Over Unregistered $42mil ICO</a>Shopin CEO name is Eran Eyal</li><li>So what was Shopin? It was one of the ICO craze companies that was built to track and store customer data across shopping platforms. Solving the problem of having 50,000 accounts I guess?</li><li>They didn't build anything at all.</li><li>They listed partnerships that they don't appear to have made, called them partnerships with "multiple retailers" and they even listed an advisory role with a "prominent Silicon Valley Blockchain Entrepreneur"</li><li>So I'm not really sure how this works, but he has already pleaded guilty to fraud with another separate case that was brought by the NYAG in 2017. He had a previous company called Springleap that he defrauded of $600k, and he has to pay that back in the form of 125k in restitution and 475k in judgements. Apparently 450k of crypto has been seized to pay for this.</li><li>The SEC lawsuit is significantly higher, and it expects to charge him with an unregistered security offering, as well as bar him from acting as an officer of any company in the future.</li><li>He also took 500k in funds from the ICO for the following reasons, none of which were related to the thing. "Rent, shopping, entertainment, expenses, and a Dating Service"</li><li><a href="https://www.nytimes.com/2019/12/11/us/cryptocurrency-ponzi-scheme-nj.html" rel="nofollow" target="_blank">Three Men Arrested, 5 Charge in New Jersey $722 Million Cryptocurrency Ponzi Scheme</a><a href="https://www.justice.gov/usao-nj/pr/three-men-arrested-722-million-cryptocurrency-fraud-scheme" rel="nofollow" target="_blank">Department of Justice, U.S. Attorney’s Office, District of New Jersey Release</a></li><li>defrauded investors out of 722m promising huge returns if they joined investing club</li><li>while privately calling their clients “sheep” and “idiots,”</li><li>defendants operated BitClub Network, which they promoted as "the most transparent company in the history of the world” and “too big to fail.”</li><li>Looks like they were just promising a BTC mining setup</li><li>They got thousands of people according to Carpenting (US Attorney for NJ)</li><li>One of the people arrested in Germany, the other in Colorado, the other in FL, and the last in California</li><li>indictment said the defendants operated BitClub Network from October 2014 until this month</li><li>They would essentially show false figures and were told they were Bitcoin mining earnings</li><li>February 2015, for example, Mr. Goettsche directed one of his conspirators to “bump up the daily mining earnings starting today by 60 percent,”</li><li>Person responded “That is not sustainable, that is Ponzi” territory and a “fast cash-out Ponzi … but sure,”</li><li>Sep 2017 Goettsche (main dude) then told another conspirator to drop earnings significantly</li><li>in January 2015 that “we are building this whole model on the backs of idiots.”</li><li>In one video they said $3,599 investment can yield...250k over 3 years! Conservatively!</li><li>They never bought mining equipment</li><li><a href="https://www.trustnodes.com/2019/12/11/a-ponzi-scam-is-now-a-top-ten-holder-of-eth" rel="nofollow" target="_blank">Plus Token Is A Top Ten Holder of ETH</a>We reported on Plus Token some time ago and thankfully it has been shut down but before it was all said and done the ponzi scam holds nearly 800k Ethereum worth close to $120mil. Still, Plus Token scammed nearly $3billion so this is a just a fraction of what was scammed.</li><li>It's unsure if Chinese authorities has control of this address or not.</li></ul>

Episode 216 - New Ethereum upgrade, India proposes banning crypto, and a vibrant week for scams.

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