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

    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.

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    Copyright: © All rights reserved.

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    Latest Episodes:
    Episode 248 - Defi Rundown - The Lost Episode Jun 09, 2021

    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 247 - It's time for Sushi... swap. Sep 15, 2020

    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 246 - Crypto Scams through Tik Tok? Jul 23, 2020

    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 influencers

    https://twitter.com/jespow/status/1281021629632352256?s=20

    Episode 245 - Where are they now? Jul 14, 2020

    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?

    • Substratum
    • Episode 1
    • Episode 2
    • Our 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 RIGHT
    • Kucoin
    • Episode where we first mentioned Kucoin
    • 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"
    • 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 got
    • Highest price point after the 2017 bubble - $4.99 May 2018
    • Current price as of recording - $.81
    • Verdict - We were basically wrong here. More risk than a high end exchange, but they're ranked just below Gemini.
    • Cryptopia
    • Our 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 Hex
    • This 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 SHIT
    • Some great fucking titles
    • "5 steps to turn $200 into $200,000 with Cryptocurrency"
    • Vitalik Sent me $600,000 worth of HEX
    • How to Make Money with Crypto (holding up stacks of USD cash)
    • Why HEX can EASILY reach $1
    • Hex is up 315% what a scam right?
    • Verdict - Episode next week.
    • Tether
    • Our position - Tether is a scam. It is not backed, and you cannot trust it.
    • Price - $1
    • Price - $1
    • Stop using Tether
    • Tell Story about how easy DAI is
    • Divi
    • Episode on the Divi Project
    • 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.
    • 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% increase
    • Verdict - Wrong for now, probably eat crow.
    • 79th in Market Cap
    • Dragonchain
    • 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.
    • The subreddit isn't VERY active but it is actiev.
    • Post 2017 bubble highest price - May 2018 $1.35
    • Current price $.089
    • Verdict - Right to be skeptical of the project, certainly not a scam yet.
    • FCoin
    • Our 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.


    Episode 244 - Notes on the Federal Reserve Jul 03, 2020

    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 bonds

    • 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
    • SPV? - A subsidiary created by a parent company to isolate risk
    • Basically creates separate company with isolated balance sheet
    • SPV operations limited to acquiring and financing specific assets
    • SPV 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 corporations
    • The SMCCF then buys corporate bonds and Bond ETFs,
    • To encourage lending by ensuring demand for the bonds
    • But it was only started with bond ETFs…. So lets talk about these functions
    • So 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 market
    • The 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 announcement
    • Fed has yet to launch its Primary Market Corporate Credit Facility.


    Episode 243 - Bitmain Coup? Jun 18, 2020

    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 interesting
    • So most of the staff was working from home because of the Pandemic
    • 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.
    • There's literally a video out there of Zhan marchingg on the Bitmain offices with armed guards
    • So 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


    Episode 242 - US Monetary Outlook Jun 05, 2020

    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 Soars

    • Over last two months Congress has authorized more than $3 Trillion in emergency stimulus
    • In order to come up with that cash the Treasury will have to issue record breaking amount of debt
    • Last 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 works

    US Debt big picture

    • $25 Trillion threshold crossed, $7 trillion in the last 5 years
    • According to data from the US Treasury growth is
    • $1.2 million per minute
    • $1.7+ billion per day

    National Debt Clock

    • Every 15 secs our tax revenue is falling by like 100k
    • Debt per citizen $75,600
    • Per Tax payer though that’s $200,000
    • Currency Creation (M2 Money supply) +$100,000 every few seconds

    Who owns that debt?

    • Majority of US debt owned by Americans (investors, fed, banks).
    • 30% owned by foreign entities
    • China and Japan more than 1 Trillion each

    Debt to GDP

    • 2019 -publicly held federal debt was almost 80% percent, $17 trillion
    • According to CBO estimates then, debt was already rising faster than the economy and was projected to reach 98% by 2030
    • now 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 reduction

    US as household

    • Income - 100k p/yr
    • Debt - $714k
    • Unfunded liabilities (medicare,SS,VA) - $4.2m

    International perspective

    • 06-18

    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.” - 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 debt
    • But defecit + interest rates increase outstanding debt, is there a limit?
    • Sustainability does not require the government deficit to be zero, or surpluses
    • it requires that the debt increase at the same rate, or more slowly than, GDP growth
    • Parts of MMT rely on the President and Congress to fight, at some point, the inflation created by money printing
    • by 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 spending
    • MMT also "ignores distributional effects of paying for borrowing"
    • Essentially MMT tends to consider debt payment as occruing between two players within the economy
    • As we mentioned before, irl USA has 30% of debt owned by foreign entities
    • Interest 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 future
    • So this is not just a problem of scale, but of allocation

    Here is the catch 22

    • If 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 problem

    Devaluing the currency?

    • strong currency is not necessarily in a nation's best interests.
    • Weak Domestic currency
    • makes exports more competitive, while making imports more expensive
    • Having more exports spurs economic growth,
    • pricey imports can stimulate local consumption
    • wealth effect also takes hold here as widely held assets prices rise, making ppl feal wealthy
    • Dangers
    • Devaluation hurts citizens purchasing power overseas
    • Can lower productivity by making capital equipment and machinery more expensive to import
    • Strategic devaluation doesn't always work though, and here we can get currency wars
    • Strategic reasons to devalue currency
    • To boost eports (as explained)
    • To shirnk trade defecits
    • If your country was importing too much and exporting too little this can be used to achieve a better balance
    • while Many countries run persistent imbalances, Economic theory says this isnt sustainable
    • The important one here, to reduce Sovereign Debt Burdens
    • If 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 off
    • If 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 dollar

    Central 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 Unfathomable
    • 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.

    Still Over a trillion USD countries and companies need to make interest payment on dollar-baseed debt

    Episode 241 - Contact Tracing: A Crypto Solution to the Pandemic? May 29, 2020

    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


    • NCase.me Website that has the covid playable simulators
    • Source Code for DP-3T Labs
    • A 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
    Episode 240 - Could you get paid in Bitcoin to... walk? May 23, 2020

    _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&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?

    Episode 239 - The most common crypto noob mistakes May 19, 2020

    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 238 - Should you trust Binance? May 15, 2020

    Welcome to the show people! Today the gang assesses a hot topic - a user claimed on reddit that Binance "took" money from him and it blew up. Even CZ commented and got blasted. Also, we take a look at an admittedly cringy article listing the "7 deadly sins of CZ". What a day. Tune in now!


    Relevant Links:

    • Reddit user calls out Binance for "accidentally" taking 12061.48 and won't give it back.
    • CZ Responds to the reddit user
    • The user posts some so called proof proof
    • Some more so called proof
    • Another user piggy backs off of the hype and posts "7 Deadly Sins of Changpeng Zhao"
    • Wayback machine of CZ calling out OKcoin
    • So What happened?
    • Text of the Post
    • background on the 28th of January I happend to be trading on the futures platform. Due to a mistake by binance my orders weren’t executed and I was liquidated.
    • Well I opened a ticket demanding back my funds. After a couple months of mails every 2 or 3 days. Binance denied everything and weren’t giving back the money, so I opened another ticket. This time I didn’t ask for a refund up front. Binance straight up told me it was their mistake and that they would compensate me 3bnb. Well I didn’t take that well, so I asked for my full amount back.
    • Binance went in to a defensive mode and decided mixing up different cases would settle the issue. (Binance had messed up again and I lost 3600 USDT, so they compensated me 1018 USDT) they told me they had already compensated me and that I shouldn’t ask for more. When I called them out on the fact that the cases weren’t related, they told me they weren’t going to give me the 12061.48 USDT back anyway.
    • I pointed out that by admitting their mistake in this ticket they broke their own policy. It states that Binance has to execute a trade. After I mentioned this they went silent, I have bugged support every 2 days, but I have not received anything as of yet and it has been almost a month.
    • I wanted more people to know as Binance is the biggest in the industry, and they bury the negative very easily. I need your help in demanding an answer for Binance her mistakes.
    • He explained more a little further down
    • In response to if he got liquidated
    • I did, but it is more complicated than that. I was trading on the futures platform. My positions weren’t doing well so I made the decision to close them.
    • I have a screenshot of the positions before they were closed and after they were closed. Anyways I closed the positions market bought them. (I was shorting) well you’d think that was it. I screenshotted the fact that I had just 12k left. And it showed no open positions. After 4 hours however I get notifications from my phone that I were about to be liquidated, I opened my phone and my positions were still open. And were almost all liquidated.
    • Binance told me that I experienced the “app disconnection issue” I don’t know what this means. They however told me it is only common on the app and that is my responsibility for not trading on pc.
    • Support shows up to respond
    • https://www.reddit.com/r/CryptoCurrency/comments/ga027j/binance_accidentally_took_1206148_and_wont_give/foxrfbp/
    • CZ Actually shows up to respond.
    • https://www.reddit.com/r/CryptoCurrency/comments/ga027j/binance_accidentally_took_1206148_and_wont_give/foyfpeh/
    • The guy posts a couple of screenshots that really don't say much, tells me he posted proof.
    • Binance support ends their conversation back and forth few hours later.
    • We've already given you the verdict multiple times. You have not provided any more solid evidence that there was a mistake on Binance's side, nor that this error directly caused you to lose any money. Sorry, you can't pressure us into giving you money, be it through misleading social media threads or threatening self-harm as was done in the first ticket. We're happy to approach this legally.
    • So what's this article about CZ?
    • The article starts out with the picture of CZ in shorts and a suit jacket with a giant red circle around it. Remember he was respecting the shit out of the Bermuda culture while he was there, that's where the picture from. So I'm sure this article is good.
    • Envy
    • I dunno this is pretty loose, but they say this is a sin because OKCoin had fake trading volume, and CZ was their CTO. The article he references was published in 2013, and CS started working there in 2014. CZ left after only 9 months and cited "differences" rather than your normal bullshit nice guy thing.
    • Lust
    • They're really stretching here, but they link to an old post by CZ where he actually goes off on OK Coin. I didn't know this.
    • I dunno what happened with OK coin and Roger Ver, but that is the crux. Some of the key points from this - CZ wasn't paid when he left, his signature was forged after he left, and he was urging them to stop their shady shit by not honoring a deal with Roger and Bitcoin.com.
    • He then goes on to confirm how they are faking volume, how they are
    • using bots
    • they were playing with their reserve and might not have it
    • They encouraged employees to trade
    • had bad security.
    • This guy's angle is "CZ knew about this and went along with it" somehow.
    • Greed
    • So now they say he is misleading by calling Binance "the leading cryptocurrency exchange" and then post a screenshot of Coin market cap showing that binance is number 23. I have no idea how he got this number, as they're not below 7 on any of the ways to slice the data.
    • He finally makes his first good point - Binance has ridiculous withdrawal fees.
    • Then he posts all of the shitty ICOs that Binance helped launch and how they tanked.
    • Pride
    • Alright finally he starts making some points that I can get behind. CZ said on twitter that when you raise funds for a project you need to set aside funds to battle fud. He's 100% right. Then Justin sun said he'd donate 100 BTC to fight fud, so CZ matched it?
    • Binance is apparently a part of a PR firm's client list called Cryptoken.
    • So this guy emailed them I guess to hit his gotcha moment. Lol. Spoiler - he didn't gotcha.
    • Sloth
    • This one he puts a bunch of dots together that show CZ and Justin sun know each other, and then posits that that means they're friends. Obviously the easiest way to know someone isn't justin's friend is to find multiple points of social contact.
    • Gluttony
    • Here apparently the bad thing that CZ did was put a tweet that would donate $1 for every retweet to fight covid 19. Well they only got 10k retweets so CZ donated $2M. Wow what a dick. Then he links a video with a thumbnail of CZ with Devil horns that is deleted to nosequitur attack their charity org.
    • Wrath
    • Thesis here - no one seems to know where they are located. Uhhh you're fuckin kidding
    • Then he shouts out chico crypto in the comments.
    • Oh god I realized it's on the steem fork.
    • So what do we think of CZ boys?


    Episode 237 - Interview with Nathan Sexer and Sebastien Borget of The Sandbox May 11, 2020

    Today Adam is joined by Nathan Sexer and Sebastien Borget from The Sandbox, a community-driven platform where creators can monetize voxel ASSETS and gaming experiences on the blockchain. Tune in to learn what their goals are, what amazing partnerships they've managed to secure and how they're planning to bring blockchain gaming to the forefront.


    Check them out over at sandbox.game!

    Episode 236 - How would the world perform during a pandemic under blockchain? Apr 30, 2020

    Welcome to the show! Today the gang goes over a very interesting scenario found on twitter - what would the world look like during this pandemic, but with blockchain? Would we be better or worse off? We've got a few thoughts on that. Tune in to find out!


    Notes:

    Some of the interesting points from the thread:

    • Here's the post from Ownejj and some quotes
    I'm a huge advocate for crypto and have always defended it when discussing with other people. I am struggling to find an answer to the question on why a world using crypto would be better than the current cash system we are using today to handle the pandemic. For example Aus has just announced a 130b package to support workers who have lost their jobs. I'm assuming they are printing money daily to handle this crisis. Also America's plan to inject trillions into the economy. Can someone smarter than me explain how this situation would have been handled with crypto or why crypto would be the better choice. Thanks heaps for the replies!
    • User Ketifus said
    DLT is the key to an open honest world and crypto is the natural vehicle for value exchange when this shit show goes pop. My guess is that this virus will take the blame this time but the QE coming off the printer now will store up the final collapse of fiat. In the mean time we can look forward to another 10 years of global austerity, 4-5 years of a phoney asset based recovery. Then inflation and rising interest rates causing the global debt load to make the world insolvent Hopefully crypto is ready, if it isnt we’re fucked. I’m setting my life up to deal with the latter
    • User dontlikecomputers said
    Under the current system the government has 100% credibility to repay if it borrows in the currency it controls, under a crypto standard, everyone is on a level playing field because we all have the same fundamental ability to repay.
    • User Karma_z says
    If the world was purely crypto based we’d be in a crippling economic depression right now and most of the world would not survive the coming six months. This isn’t even remotely hyperbole.
    • User BitsAndBobs304
    I think all speculations are void on both sides simply because humanity has never existed under such a system and it would have so many unforeseen consequences that the whole economy and production and world of jobs would be radically different in so many unpredictable ways.
    • Brent example 1
    • Is Bitcoin the global currency? No, but it's still the largest network. Another more versatile coin could be the global currency
    • What role does fiat play in this society, if any at all? Fiat is a thing of the past, and there was all kinds of weird things that happened with stablecoins
    • What other things are we assuming for your example? Governments have accepted the crypto, there wasn't a revolution or anything.
    • How would it be different?
    • Governments will still be accepting taxes, they just won't have the ability to print new money. Taxes will be accepted in a couple of different currencies, but stored in national transparent reserves.
    • There will be a privacy currency, but most business will be done on a public ledger that's traceable.
    • The government could announce that any and all obligations are halted, and they'd have a full accounting of what those obligations are. They all get pushed back, and smart contracts could be updated to increase the back end obligations.
    • Governments could instantly distribute funds to any confirmed citizens on chain to solve for necessities. If they didn't have the funds they could appeal to DAOs by issuing bonds to them.
    • Liquid democracy could show the true public reaction to the opening of the government, rather than astroturfing and vocal minorities.
    • Brent example 2
    • Is Bitcoin the global currency? It's the world's most used currency, but governments still cling to their fiat
    • What role does fiat play in this society, if any at all? Citizen have a weird mix of cash and crypto
    • What other things are we assuming for your example?
    • How would it be different?
    • In a world where there was a balance between Fiat and Crypto, and the government was printing money - I think it would actually move people away from crypto. People won't turn down free money, and in this situation it would be more of a competitive market. Could the communities of the cryptocurrencies step up and match a government bailout? Or do we just throw citizens to the wolves?

    How to talk about your world, and what would be different:

    • Is Bitcoin the global currency?
    • What role does fiat play in this society, if any at all?
    • What other things are we assuming for your example?


    Episode 235 - Oil goes negative! How, why and what it tells us. Apr 29, 2020

    Welcome to the Crypto Basic Podcast! This time around we're going over a truly unexpected turn of events which baffled even the most economically savvy of us (Karim. That's just Karim.) Oil went negative! A never before seen event, we try to make sense of it and pose the important questions: 1. What the hell? 2. What's the reason? 3. What will the repercussions be? All of this and more on today's show, so tune in now!


    • Interesting topic to learn about and extrapolate from
    • We have just witnessed an oil price crash like never before taking prices of West Texas Intermediate into deeply negative territory.
    • WTI Crude Oil Spot Price is the price for immediate delivery of West Texas Intermediate grade oil
    • reached minus US$40.32 a barrel
    • How can a price turn negative?
    • industry has not been able to slow production fast enough to counter the drop in demand.
    • global demand for oil has reduced by 29 million barrels a day (100 to 71)
    • Storage can stabilize prices, but its nearing capacity
    • WT mainly stored at Cushing Facility in OK, now almost full
    • 62m Barrel capacity - Can fill half tanks in the US
    • Worlwide, current rates of supply/demand have estimates of inventories increasing by 1.6B barrels in first half of 2020, but only 1.6B barrel capacity still available
    • Context - Amount of production that could be stored if exports dry up
    • US - 30 days, SA - 18, Russia - 8
    • Nigeria, largest producer in Africa....1.5 days
    • Traders with contracts to take delivery of oil in May fear they won't be able to store it. They are willing to pay not to have to take it and have nowhere to put it.
    • June contracts and later are still positive, so supply demand imbalance may be corrected
    • Fun Trivia - Guess what the name of the other price benchmark for oil
    • It stayed around $25, they can be put on ships and taken to storage anywhere
    • Responses
    • Halliburton (oilfield engineering) said that the pandemic has created so much turmoil in the industry that it "cannot reasonably estimate" how long the hit will last.
    • OPEC-Plus - Responded by cutting output by 9.7m barrels per day, which ends the duel between Russia and SA
    • But note still significantly less than the drop in demand
    • Oil importing countries taking advantage and filled up what they could in storage
    • Investors using Giant oil tankers for storage
    • Record 160m barrels stored this way, each can hold up to 2m barrels.
    • Of course this is bidding up charter rates, more than doubling to $350,000 a day
    • Last time we saw something close was 2009, about 100m barrels
    • Shiff Quote on Gold
    • The oil price is now negative $3 per barrel. What is happening now in the #Oil market will soon happen in reverse in the #gold market. In oil the shorts are trying to deliver, but the longs don't want it. In gold the longs will try to take delivery, but the shorts won't have it!
    • Sources
    • Understanding what just happened with oil prices
    • Oil crash explained: How are negative oil prices even possible?
    • The world's on the brink of running out of places to put oil
    • Supertankers drafted in to store glut of crude oil
    • Why TikTok is Now the No. 1 Social Media App


    Episode 234 - Safe Haven Performance in the Age of Bitcoin Apr 25, 2020

    Welcome to the Crypto Basic Podcast! This time around we're going over one of the hottest topics of today, given the obvious circumstances: what's the safest way to handle assets during the coronavirus economic crash? What assets provide the most security, and could Bitcoin, as the flagship of the cryptoverse, be one of them? All of the above and more on today's episode. Tune in now!


    • Report in the Economic Bulletin from the Kansa City Fed
    • "In recent years, some have questioned whether Bitcoin could also serve as a safe haven. We compare the behavior of government bonds, gold, and Bitcoin from January 1995 through February 2020"
    • They point out that historically during times of financial stress people tend to shift towards safer assets
    • Safe Haven defined - an asset which is uncorrelated or negatively correlated with riskier assets during times of stress
    • US Gov securities considered "quintessential safe haven against stock market." but they point out some studies have found Gold behaves this way as well
    • "In theory, Bitcoin’s fixed supply and algorithm-based issuance allow it to be independent from traditional markets, which could make it a desirable asset in times of economic stress."
    • They examine 10-year Treasury note & Gold by looking at correlations of daily returns compared to SP 500
    • 1995 to 2020, and they chose this spread to have an equal pre and post bitcoin period
    • Comparison
    • Bunch more charts, essentially showing that
    • 10 year Treasury negative and statistically significant correlation across all stress periods
    • gold has only behaved like a safe haven in certain periods of financial stress
    • Bitcoins correlations with the S&P 500 are not statistically significant in any period and positive in all but one
    • Extra tidbit on current downturn, Bitcoin again has a positive, statistically significant correlation, suggesting it performed like a risk asset in March rather than a safe haven.
    • "Overall, our results suggest that the 10-year Treasury has generally exhibited safe-haven behavior, gold has occasionally exhibited safe-haven behavior, and Bitcoin has never exhibited safe-haven behavior since its introduction"


    Note: We are not financial advisors.

    Episode 233 - Are Tether, Libra, and other Stablecoins a threat to Fiat? Apr 22, 2020

    Stablecoins are a part of the crytpocurreny space for better or for worse. What happens in a future where more people are using digital assets? What does the stablecoin environment do to the US Dollar? Are stablecoins like Tether and Libra a systemic threat to fiat currency?


    These questions are investigated by the Crypto Basic Podcast team - what place do stablecoins have in a future, and what can Tether do to get more users? Does the podcast agree with the G20’s assessment of Stablecoins in general? Where can you go to learn more about the study that was released? Well the podcast has answers for you.


    Pertinant Links -

    • Are Stablecoins a systemic threat?
    • Published Study by FSB
    • G20 Website
    • Financial Security Board
    • The FSB is inviting comments on this consultative document and the questions set out below. Responses should be sent to fsb@fsb.org by 15 July 2020. Responses will be published on the FSB’s website unless respondents expressly request otherwise.

    

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    Episode 232 - Blockchain adoption cases review, 11 New York lawsuits against crypto companies, and more. Apr 12, 2020

    Welcome to this week's Crypto Basic News episode! Tune in to listen to the gang talk about the progress of blockchain adoption, Cryptopia's big win in court, new lawsuits against 11 crypto companies in new York and much more!


    • Rapid Fire
    • Reddit may be devising a point system on the blockchain
    • Redditor MagoCrypto posted the video, which is a walkthrough of a new build of the Reddit app that shows a feature with mention of community points. When delving into the FAQs of the wallet feature there appear to be pages on distribution, wallet, backup and recovery, and on the blockchain
    • Crypto Funding Dropped Considerably in March Due To COVID
    • VC funding for crypto projects was reduced to March 2019 levels after COVID swept the nation.
    • Aside from a Bakkt $300 Million deal with Microsoft, the total VC funding was $117 million
    • Former UFC fighter Ben Askren shows support for Bitcoin Halving.
    • He was sponsored by Litecoin back in January 2020 for a fight and changed his Twitter handle to "Bitcoin Halving May 13th". Ya love to see it. Also of note, UFC partnered with Dapper Labs in February, a company that builds digital collectibles on the blockchain.
    • It appears Bank of America is partnering with Ripple
    • Question: "What do you see as the things sort of coming down in the next sort of five to 10 years that our clients should maybe start thinking about or even getting ready for?"
    • Answer: "So not just the capability but the actual experience and ability to get things done anytime, anywhere because we are an around the clock society. And the second one is the ability to integrate. And Derrick touched on this a lot, it's not about our platform and our capabilities, it's about you as a client and the infrastructure you have and the ability for us to integrate, whether that's with platforms and capabilities that we built or partnerships that we have with the likes of Ripple or Swift. These are Fintechs that we're partnering with. They've come through all of our rigor of legal and compliance and we're able to leverage our banking as a platform to deliver that to you. So I really think the future is all about client experience and integrated platforms versus siloed products and capabilities. And then of course we've for Bank of America talk a lot about intelligent treasury, which brings all of that together. And you touched on this, Jonathon, as being an advocate for our clients and helping them navigate this changing environment. So I'm really excited and looking forward to see what the next few years bring."
    • April Rent Stats Are In And They Aren't Looking So Good
    • March logged 81% of renters paying by the 5th
    • Real-life Examples of Blockchain-Based Digital TransformationsWe know that blockchain architecture is a great way to collect, store, and share data
    • Article from Security Blvd looks to give real life examples of blockchain implementation
    • US Air Force & Data Security
    • Majority of military networks are centralized systems with thousands of connected devices, so vulnerable to cyber-attacks.
    • They contracted Cyber-security firm Xage Security - uses a blcockhain-based system to regulate the terms of nodes joining the system & tracking their activity
    • Non-profits & transparency
    • One of the primary concerns with charities is corruption, trust, allocation of funds
    • Blockchain powered charity platform GiveTrack allows donors to track their specific donations to see how/what impact is being made
    • Blockchain also makes crossborder transfers easy
    • Visa
    • Launched B2B payment netowrk, using blockchain to process payments without an intermediary
    • Information also stored using blockchain record-keeping, everything is transparent and secure. in 60 countries already
    • Spotify & Royalties
    • Industry shifted from download to streaming, making royalties very complicated
    • Medichain uses smar contracts to improve attribution, uses end-to-end protocols for registering, identifying, and tracking creative works online
    • Used to be an open media library to virtually sign & timestamp content, then spotify bought it
    • Metlife & Medical Insurance
    • Company in Singapore created an app (Vitana) to help women with Gestational Diabetes
    • 20% of women there develop this during pregnancy, so how to get payment without filing paperwork
    • Practitioner enters positive test results into medical data, app automatically triggers smart contract that deposits a payment into patients bank account
    • Crytopia Exchange Users Score Big Win In Court
    • Crypto Exchange Users Get Big Win in CourtOf course we all remember May 2019 the exchange went into liquidation after a May 2019 "hack" of NZD $30 million (equivalent of $17.85 Mill USD)
    • Because the exchange operated as a trust by handling the cryptocurrencies on behalf of the account holders and holding these in separate trust accounts, Justice Gendall took the view that the digital assets should be classed as property.
    • Justice Gendall said, "I reach the conclusion that the cryptocurrencies here situated in Cryptopia’s exchange are a species of intangible personal property and clearly an identifiable thing of value. Without question they are capable of being the subject matter of a trust."
    • Account holders will be reimbursed of their balances.
    • Apparently the founder of Cryptopia, Adam Clark, suspects it was an inside job. "A hacker somehow knew where everything was. Someone walked in with all the keys and deleted the logs on the way out," Adam told Stuff, adding "They didn't take the untraceable currency. It wasn't about spending the money, it was about fucking the company. They had direct access."
    • New York: 11 cryptocurrency companies suedEleven cryptocurrency companies were sued in a New York court due to violating cryptocurrency laws.
    • Including Binance, Fundacion Tron, BitMEX, KuCoin
    • group of investors filed multiple lawsuits against 11 cryptocurrency companies alleging that they were tricked into buying unregistered securities in the United States.
    • Lawsuit include 42 defendants in 16 countries
    • Among the names that would appear in the documents are Brendan Blumer (Block.one), Dan Larimer (Block.one), Vinny Lingham (Civic), Justin Sun (Tron), Changpeng Zhao (Binance) and Arthur Hayes (BitMEX),
    • Part of the suit is that they were told they were utility tokens, no need to register as securities with the SEC
    • "One fact to note is that the law firm that is the cause is the same one that sued Bitfinex in October 2019 for alleged manipulation of the cryptocurrency market and the renowned Kleiman case against Craig Wright in which a lawsuit for a billion dollars was introduced."
    • This would take years and has multiple jurisdictions (China, Singapore, Switzerland, Israel, Japan, Canada, & Estonia)

    THAT'S A SCAM

    • Decentralized exchange Bisq Is Hacked For $250k+"A Critical security vulnerability" was found and tradin was halted on Tuesday. 4000 XMR and 3 BTC were stolen from 7 different victims.
    • "In plain words, this exploit was the result of a flaw in the way Bisq trades are carried out, not in the way funds are stored (i.e., there is no honeypot since Bisq is P2P)," Bisq stated.
    • The attacker was able to intercept cryptos coming to users' default fallback address, which is the address where cryptos are sent to upon a failed trade

    r/CryptoCurrency - I have created a list of cryptocurrency scams happening right now. I ended up losing some money last week and I don't want anyone to lose as well. So I researched on various scams taking place. If I have missed any please comment below..I will add it.

    • Exit
    • Please join the conversation in the Discord. We're in there all the time.
    • Rate us on iTunes.
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    • We are not Financial advisers.
    Episode 231 - Microsoft's new crypto mining system patent, 2 year anniversary of Banano, and more. Apr 06, 2020

    Hi all! Welcome to this week's edition of Crypto Basic News. This time around we're going over Microsoft's new crypto mining patent, an April fools guessing game, celebrating Banano's 2 year anniversary, and more. Tune in!


    • Rapid Fire
    • Robert Kiyosaki, author of Rich Dad Poor Dad tweeted something regarding the current state of the economy
    • Ethereum-based game The Sandbox sells out third presaleThey recently contacted us. It seems similar to a blockchain-based Minecraft. And not gonna lie, the trailer looked pretty cool.
    • Much like Decentraland you can buy virtual plots of land. Sold out faster than it's February presale. 3,330 ETH, equivalent to 440k. 12,384 LAND parcels to be exact.
    • A total of 166,464 LANDS will ever be available in the map that will form The Sandbox metaverse. LAND is the basic sandbox unit on the platform’s map and each LAND comprises 96x96 meters in the game world.
    • Fourth LAND presale will be announced later this year as well as the game release.
    • Bitcoin outperformed Dow & S&P in Q1BTC started at $7,182 at the beginning of the year. Pushed up to $10.4k and dipped below $5k for a moment a few weeks ago. It's currently at...Karim? Bitcoin is actually only down 10% in Q1. S&P lost 20% and the Dow 23%.
    • Folding@Home is now the world's fastest supercomputer
    • CoinMarketCap gets bought out by Binance. Annnd speaking of CoinMarketCap...
    • Also, CMC had a decent April Fool's joke. And they responded to my tweet about it with a decent joke as well. -A
    • April Fools or Not April Fools? - Brent
    • BItcoin Creator also founded Monero, research suggests.
    • Github has decided to bury Bitcoin's code inside an arctic mountain to preserve it for at least 1,000 years.
    • Craig Wright Victorious in Kleiman Case After Signing with Satoshi's Keys
    • FDIC has warned you not to withdraw cash from your bank account - No depositor has lost money from FDIC insured banks since 1933.
    • Dead ICO Sub r/gemsprotocol has been repurposed to sell rare gems
    • Leading cryptocurrency exchange Binance has decided to delist all leveraged tokens from its platform amidst claims of lack of understanding from its users.
    • Microsoft Files Patent for New Crypto Mining System - K
    • Patent filed last week titled Cryptocurrency System Using Body Activity Data
    • According to the patent, Microsoft’s cryptocurrency would make use of body activity data
    • "a brain wave or body heat emitted from the user when the user performs the task provided by an information or service provider, such as viewing an advertisement or using certain internet services, can be used in the mining process."
    • They argue this could replace massive computation work because the data that is gathered from the body activity can be regarded as proof of work, "a user can solve the computationally difficult problem unconsciously"
    • It also says that the system could be coupled to the users device, and let it know if the right conditions were met and award cryptocurrency to the user (whose body activity data is verified)
    • Anyway, black mirror y'all
    • 2 Year Anniversary of Banano
    • Banano was originally launched on April 1st and forked from Nano.
    • Some platinum hits:
    • Made monKeys - you can generate a monkey avatar from a public key lol.
    • They have functioning Wallets, Gambling Dapps, and everything you'd expect from developers.
    • Remember folding at home last week? Actually Banano has been involved for over a year.
    • They even introduced plans for CamoBanano - a privacy layer lol.
    • their yellow paper was the best ever.
    • Definitely my favorite meme coin. Maybe someday they're gonna crack the top 1000 on coin maket cap.
    • Corona Virus Update, The Fed and Unemployment - K
    • Economists at the Fed's St. Louis district project 47 million employment reductions
    • That would be a 32.1% unemployment rate
    • We already had a record 3.3m Americans file initial jobless claims, then that just doubled to 6.6m (previous number/record was like 330k)
    • Two complications leading to this spike are
    • 66.8 million workers in “occupations with high risk of layoff.” They are sales, production, food preparation and services.
    • Other research also identified 27.3 million people working in “high contact-intensive” jobs such as barbers and stylists, airline attendants, and food and beverage service.
    • Great depression peak was 24.9%
    • Speaking of the Fed, they're printing about $1 million every secondbalance sheet has increased by $586 billion—to $5.25 trillion—in the week of March 18–25
    • This means that on average, the Fed has been printing roughly $970,000 every second during that time period
    • Fed has been printing the equivalent of Bitcoin’s market cap every 35 hours
    • 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.


    Episode 230 - Senators dumping stocks after corona briefing, Steemit devs fork into Hive, and more. Apr 01, 2020

    Welcome to another edition of Crypto Basic News! Our editor is SO busy in quarantine that he forgot to post this episode so you're getting it with a few days of delay. We still love him though. He may or may not be the one writing this description. Anyway, today we're talking about shady senators dumping stocks after a private coronavirus briefing, Steemit developers forking into a new platform called Hive due to Justin Sun's shenanigans, and much more. Oh, and coronavirus. Surprise surprise. Tune in now!


    • Rapid Fire
    • Global cryptocurrency wallet usage has tripled in the last three years.
    • 10 mill in 2016 to 40mil end of 2019.
    • Devs Plot Launch of Telegram’s Blockchain Without Company’s Involvement
    • So says the TON Community Foundation, a group of more than two dozen software developers and investors, who are now discussing possible ways to launch the Telegram Open Network (TON) without the messaging platform's participation.
    • Coinbase Wallet integrates DeFi directly into app. Users will be able to borrow and lend crypto with interest thru the app now.
    • Which US cities own the most crypto? Let's hear your guesses.
    • Congress Bill Looks to create a digital dollar (B?)
    • ANNNNND ITS GONE
    • https://www.coindesk.com/digital-dollar-stripped-from-latest-us-coronavirus-relief-bill
    • Fed Pledges asset purchases with no limits, Bitcoin and Gold Spike - K
    • Federal Reserve said Monday it will launch a barrage of programs to help stimulate the economy
    • Unlike previous crisis where there was a commitment to a set amount of balance sheet expansion, this time they are indicating no limits
    • The Fed also will be moving for the first time into corporate bonds
    • Also a lending program for Main Street businesses ($300 Billion) to support flow of credit
    • “The central bank is shifting from being not just the lender of last resort, but now it is the buyer of last resort. Don’t ask how much they will buy, this is truly QE infinity.”
    • -Chris Rupkey, chief finacial economist at MUFG Union Bank
    • will lower the interest rate on its repo operations to 0% from 0.1%. (The operations are conducted daily to provide banks short-term funding)
    • All this backed by Treasury department so Fed doesnt lose money
    • bitcoin jumped from $5,860 to $6,628 in an hour, Gold went from from $1,494 to $1,524 over the same time frame.
    • Four US Senators caught dumping stocks after a private briefing on Corona Virus - B
    • There was a Senate Intelligence Committee briefing on the Corona Virus, and right after that meeting there were 4 Senators that immediately started to sell off positions.
    • The names of the senators: Richard Burr, Dianne Feinstein, D-Calif. , Kelly Loeffler, R-Ga. , James Inhofe, R-Okla
    • Richard Burr even had a meeting with some fellow rich people (membership to join this group that he had the meeting with is $500, up to $10k) and said this "There's one thing that I can tell you about this: It is much more aggressive in its transmission than anything that we have seen in recent history," he said, according to a secret recording of the remarks obtained by NPR. "It is probably more akin to the 1918 pandemic."
    • Burr's private comments were dire, his public comments made it sound like this was under control.
    • So I saw a mention of one of the Senators being married to the Chairman of the NYSE. I was trying to remember where I heard that before. Kelly Loeffler! Holy shit she was the CEO that was in charge of BAKKT.
    • Then, Karim remember this bitch wasn't even elected.
    • Coronavirus crisis may highlight the overlap between the surveillance state and the cryptocurrency industry. - K
    • Israeli tech company NSO Group is working on new product to monitor spread of Corona, with nearly a dozen companies testing the product
    • NSO, is best known for selling spyware to Saudi Arabia and other governments
    • NSO Group’s surveillance technology has attracted widespread criticism for covertly accessing phones, activating cameras and collecting location data.
    • NSO Groups to pranks seem to have significant ties to the crypto industry
    • co-founders Omri Lavie and Shalev Hulio have invested in the bitcoin startup Simplex
    • Eddy Shalev (investor) has invested in the non-custodial wallet startup Portis, the exchange platform eToro and the privacy startup QEDIT.
    • Coinbase famously sparked industrywide backlash in 2019
    • it acquired Neutrino, founded by three former members of a controversial Italian surveillance vendor called Hacking Team.
    • Coinbase said those people would transition out of the company, but no update and they refused to comment when asked.
    • So just a reminder that cryptocurrency is just a tech, a tool, not innately a tool of liberation/freedom/etc, could be the opposite too, a tool of surveillance, or control
    • Update on some Justin Sun / Steemit Drama - B
    • So we talked about Justin trying to take over the Steem blockchain a few weeks ago. It looks like he was actually completely successful.
    • Steemit developers quit because of the takeover.
    • Justin has been hiding any posts on Steem critical of the new Steem ownership, and downvoting them as, well.
    • The Steem community essentially capitulated, and forked into a new platform called Hive.
    • Hive is going to be airdropped at 1:1 on Steem accounts.
    • However, they bricked the Steemit Inc. coins to the tune of 60M, which is what Justin was able to get control of.
    • They are proposing that anyone that switches to Hive and moves their coins loses their stake on Steemit lolol.
    • Which is of course what Hive is doing.
    • From Crypto Mining to Coronavirus Research - K
    • CoreWeave is the largest U.S. miner on the Ethereum blockchain,
    • redirecting the processing power of 6,000 specialized computer chips toward research to find a therapy for the coronavirus.
    • GPUs will be pointed toward Stanford University's Folding@home program.
    • Long standing, use donated processing power to simulate protein folds to try to cure different disieases
    • Recently announced specific project to boost coronavirus research
    • "Their protein simulations attempt to find potential 'pockets' where existing [U.S. federal agency Food and Drug Administration (FDA)] approved drugs or other known compounds could help inhibit or treat the virus,"
    • This addition has essentially double the power of the entire network, GPUs designed to handle repetitive calculations
    • According to Venturo, those 6,000 GPUs made up about 0.2 percent of Ethereum's total hashrate, earning roughly 28 ETH per day, worth about $3,600 at press time.
    • Tulip.tools founder Johann Tanzer put out a call to action to Tezos bakers (miners) and offered a modest 15 XTZ ($20ish) to the leading contributor to Folding@home
    • 20 groups of Tezos miners are now contributing a slice of their hashing power to the cause. (and the pot grew to $600ish with other people donating as well)
    • GPUs are flexible, but ASICs really cant participate. More powerful than GPUs, but only at one thing (so we probably wont see a lot of btc mining groups helping)
    • FOLDING@HOME UPDATE ON SARS-COV-2
    • Shots Fired!
    • Wikipedia and Cardano having some issuesCharles Hoskinson, CEO of Cardano, is the latest figure in crypto to assert that Wikipedia is censoring his platform. He made a nearly 10 min video regarding the situation. Accusing Wikipedia to be a community-run free encyclopedia, hostile towards crypto.
    • David Gerard, a crypto-hater and Wikipedia editor, says that Cardano is self promoting, and needs to be covered by the mainstream media, not the crypto press.
    • Hoskinson said coins like Spankchain can have an article on Wikipedia. Spankchain does not have a Wikipedia page.
    • Some Cardano members tried to include a blurb on Ourobouros, the algorithm that powers Cardano.

    Please join the conversation in the Discord. We're in there all the time.

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    Episode 229 - Tezos into digital card games, MakerDAO smart contract "theft", and of course, CoronaRants. Mar 20, 2020

    Hello and welcome to Crypto Basic News! This week we're cozying up in quarantine, staying calm and collected, and we're talking about all kinds of stuff like Tezos getting into digital card games, millions of dollars being usurped through the MakerDAO smart contract mechanism, and of course, we talk COVID-19, from its health risks to its massive possible socioeconomic effects.


    Wash your hands and then click play to tune in!


    • Rapid Fire
    • Apparently it's alt season according to that index we talked about a few weeks ago????
    • 50 Days Out From Bitcoin Halvening
    • IRS Deadline has been extended by 90 days (July 15th)
    • Coinbase CLO Resigns to Oversee US National Banking System
    • WHO impersonators are trying to steal your bitcoinThe fake email claims funds will be used to “enable all countries to track and detect the disease...send personal protective equipment to frontline health workers...enable communities to prevent infection and care for those in need...and accelerate efforts to fast-track the development of lifesaving vaccines.”
    • Tezos gets in the digital card game space (Adam)
    • Coase, a company launched by Tezos aims to solve with its new game, Emergents
    • Coase’s innovation: Let people easily acquire and swap the cards they actually want
    • Alpha will be available in April
    • For Coase co-founder Zvi Mowshowitz – who is also a 2007 inductee to Magic Hall of Fame – both distribution approaches leave a lot to be desired.
    • Emergents will take a radically simple approach: Let people buy the cards they want.
    • Brian David-Marshall, a third co-founder, said Coase has "an economic model for doing a collectible card game on the blockchain that captures a lot of what makes physical card games great."
    • Coase will be the primary and secondary marketplace all in one. Like bitcoin on Square’s Cash App, Coase will be the seller and the buyer for Emergents cards, essentially acting as a market maker.The company is using bonding curves, much like Ethereum's token-swapping platform Uniswap, to distribute the cards. Cards will have a fixed supply and their prices will swing with demand, determined by an algorithm. New cards will come out and be sold on the site at a low price.
    • Vitalik tweeted out a pic of what he thought the next 5-10 years of eth2 would look like
    • Millions of Dollars of value was usurped from the MakerDAO smart contract. (TOP STORY)
    • I didn't want to use the word stolen, but this is an exceptionally rough spot. This happened right around this time last week.
    • Apparently for a full 3.5 hours someone had a monopoly on the liquidation market of the MakerDAO.
    • So lets do a recap of how the maker DAO creates liquidity. RECAP QUICK - REFERENCE 101
    • With multiple people, there will automatically be a bidding war because the price of ETH exists in the world.
    • With only one person, they were able to bid on the ETH being liquidated at $0 worth of DAI. How did only one person get to be the only bidder? Well people ran out of liquidity. There wasn't enough DAI sitting there to buy the ETH. ETH fell so fast that people couldn't liquidate their holdings and were forced to sell. The network was too congested to let keepers work fast enough, leaving this group in the only position to buy.
    • They're using the term "Steal" $4M worth of ETH from the contract, but honestly this isn't really stealing. The contract functions this way.
    • Since no one else could bid, normally the liquidation penalty on ETH contracts was 13%, but this raised it an liquidated all kinds of positions with a 50% penalty. People woke up to their collateral gone with no recourse.
    • The Maker DAO is now creating a fund that would be the last resort in these scenarios that anyone can participate in, and they're making being a "keeper" easier for the general public. They've also programmed Coinbase's USDC as an emergency collateral device.
    • CoronaVirus & The economy (everyone)

    Brent theory on how to solve this - discuss - because I can.

    • Monopoly Rules - Top on R/CC
    • Bill Ackman calls for Trump, CEO to temporarily shut the country down
    • SUB-STORY - Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program - (K)
    • In an emergency move Sunday, the Federal Reserve announced it is dropping its benchmark interest rate to zero and launching a new round of quantitative easing.
    • Fed also slashed the rate of emergency lending at the discount window for banks by 125 basis points to 0.25%, and lengthened the term of loans to 90 days.
    • The Fed also cut reserve requirements for thousands of banks to zero.
    • Actions by the Fed appeared to be the largest single day set of moves the bank had ever taken
    • Before action took place over months like in 08, this was multiple programs, QE, and rate cuts, all in one day
    • Fiscal vs Monetary policy
    • EARN IT Act could be an attack on Encryption - K
    • Communications Decency Act Section 230 - Historically given tech companies minimal liability for how people use their platforms
    • EARN IT Act would force companies to "Earn" protection from liability by showing they are following recommendations for combating child sexual exploitation
    • Bi-Partisan Lindsey Graham and Richard Blumenthal (Dont expect anything good from these two)
    • Would create a panel of law enforcement officials, attorneys general, online child sexual exploitation survivors and advocates, constitutional law scholars, consumer protection and privacy specialists, cryptographers, and other tech experts to collectively decide what digital companies should do to identify and reduce child predation on their platforms
    • Could include things like scanning content to identify abusive photos/videos
    • But could also include things like communication surveillance
    • So if this was law, companies couldn't offer end-to-end encryption and be protected from liability
    • Either A) accept liability for anything that happens, B) put in a backdoor for law enforcement, C) just avoid end to end encryption all together
    • A note about LIbretarian anti government views (Panel picking) and Legal Creep (Patriot act, RICO and asset forfeiture)
    • Exit
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    Episode 228 - 101: Kyber with Loi Luu Mar 16, 2020

    Welcome to another 101 episode, where we go over the basic aspects of a crypto project in order to get an insight into what it is and how it works. This time around, we're taking a look into Kyber with the help of Loi Luu, CEO and co-founder of the project!


    Loi is a researcher working on cryptocurrencies and the CEO of Kyber Network, an on-chain liquidity protocol that powers decentralized applications, including exchanges, funds, lending protocols, payments wallets and so on. Also, for the Star Wars fans out there, yes - we do address the question that you have in mind. Tune in to learn more!


    Find more on Loi and Kyber on the following links:


    Reddit: https://www.reddit.com/r/kybernetwork/

    Twitter: https://twitter.com/kybernetwork/

    Telegram group: https://telegram.me/kybernetwork

    Developer group: https://telegram.me/kyberdeveloper

    Website: https://kyber.network/

    Dev Portal: https://developer.kyber.network/

    Episode 227 - CoronaToken, Justin Sun Drama, OkEx - Binance Beef! Mar 09, 2020

    Welcome to the very first re-branded episode of Crypto Basic News! It's basically Flagship Friday, but without the Friday part. Blame our lazy editor for that. Just kidding, he's the best and we love him very much.


    This time around we talk about Justin Sun's new drama with Steemit, about the new CoronaToken (who would've thought...), about CZ's twitter beef with the CEO of OkEx and more. Tune in now!


    • Rapid Fire
    • Supreme Court of India reversed the crypto banthe order lifted ban on trading in virtual currency, cryptocurrency and bitcoins
    • Robinhood goes down at the worst possible timeOn Monday and Tuesday, as global markets rebounded after a sell-off last week and then sank again, Robinhood’s trading platform went offline, leaving many customers to watch their portfolios drop in value without being able to do anything about them
    • Germany recognizes Bitcoin as a legal financial instrumentCryptocurrencies are not to be confused with electronic money.
    • Not issued or guaranteed by any central bank or public body;
    • Don’t have the legal status of currency or money;
    • Can be used by individuals or legal entities as a means of exchange or payment;
    • Serve investment purposes;
    • Can be transmitted, stored and traded electronically.
    • Elon Musk says Dogecoin is the best cryptocurrency
    • Chainlink Partners w/ Chiliz to Automatically Mint Tokens For Teams Like FC Barcelona.
    • Chiliz also partnering with Dota2 squad OG to launch a fan token on socios.com.
    • You may soon be able to buy a stake in a professional athlete's tokenized contracts
    • NBA star Spencer Dinwiddie has announced a partnership with a new broker-dealer to help issue shares in his tokenized contract. His platform, Dream Fan Shares (DFS).
    • The NBA has remained quiet on whether they will continue to oppose Dinwiddie’s venture.
    • Dinwiddie is prepared to move forward without the NBA's blessing and said investors can expect more details soon.
    • Do you like this idea? Good or bad?
    • Dinwiddie first announced plans in September to issue the first Professional Athlete Investment Token (PAinT), which would tokenize $13 million of his guaranteed $34 million NBA contract. The Ethereum-based “SD8” token, now called “SD26,” would allow him to earn cash upfront from investors and repay them with interest. The token’s name change appears to coincide with Dinwiddie's decision last month to change his uniform number from 8 to 26 in honor of the late Kobe Bryant.
    • he would offer the token as a three-year bond which would pay out a base interest of 4.95% on a monthly basis. Furthermore, if all 90 tokens—with a minimum buy-in of $150,000—were sold, the group of investors would stand to collectively earn $2 million in profits.
    • CoronaVirus
    • Someone made a CoronaToken because crypto.
    • Back by Proof of Death LOL
    • someone at 4-chan developed it.
    • only available on the Saturn network which is basically a d-list exchange allegedly decentralized.
    • Please wash your hands. Do we think the hype is overblown? How will it shape crypto? Fiat? gold? the market? I just feel like this is too big of an impact to not mention it at all. So far Ultra, SXSW, GDC, and now Bitcoin 2020 has been canceled. Im sure there are plenty others but just dont go to a big event.
    • The Fed is Quarantining Some Cash to fight CoronaVirus
    • Justin Sun Drama With Steemit
    • Justin Sun has seized control of the Steem blockchain – with the apparent help of several prominent crypto exchanges.
    • This is still ongoing, but here's a recap of how the Steem blockchain works
    • Justin also bought steemit, which was just an app on top of the steem blockchain. It didn't make much sense to buy that I remember thinking.
    • Explain powering up
    • Well, Steemit had a TON of tokens locked up that could, apparently, be released and then used to vote for new Witnesses.
    • Steem blockchain had witnesses soft fork to remove the voting power of all of the tokens that sun just acquired.
    • This would essentially limit Justin's power, but Justin reached out to exchanges and got their cooperation to "restore order" and return the blockchain to it's original state.
    • The exchanges cooperated, but in order to stake your tokens and get a vote you need to "power up" which means you need to power down to move your tokens. Powering down takes 13 weeks.
    • "For the next 4-6 weeks, the Steemit team will be using the voting rights to resume the order of the community while having an open channel for meeting community members and Witnesses."
    • Now the Steem community has been trying to brick the voting power of Steemit for some time, and it hasn't succeeded in a hard fork.
    • There are about 210 Steem power in existence at the time of the writing for coindesk - 68M might be controlled by the Steemit chain
    • Beef Between Binance CEO CZ and OkEx CEO After Unschedule Maintanance
    • On Mar. 4, Binance announced that it has initiated unscheduled system maintenance. The work on the exchange’s infrastructure was completed by press time.
    • As a result of the maintenance, Binance “suspended deposits, withdrawals, spot trading, margin trading, P2P trading, lending, redemption, as well as asset transfers from sub-accounts, margin accounts, futures accounts, and fiat wallets.” Futures trading, on the other hand, continued as usual.
    • A tweet sent by Binance CEO Changpeng Zhao explained that the sudden need for maintenance was caused by a message broker malfunction. Jay Hao, CEO of competing crypto exchange OKEx, answered to the tweet:
    “Hey CZ, technically Kafka is a message queue system for log, it's not enough for trading system thus the broker problem will always occur. Need help?”
    • CZ immediately blocked him on Twitter.
    • In February, Binance users had to endure interface errors and trading API timeouts because of the middle-layer service being overloaded. Furthermore, some exchange’s customers were unable to have their orders carried out also often retried right away, resulting in overloading Binance’s infrastructure even further. February 19th there was also unscheduled maintance on Binance as well. Clearly, Binance is having some issues lately. Hopefully CZ rights the ship.
    • Exit
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    Episode 226 - Corona-mania! Feb 28, 2020

    Welcome to Flagship Friday! This week the gang is all together and ready to talk about... mostly the coronavirus and Brent's provisions. No panic though because we also talk crypto - as we always do. We went over Warren Buffet going over crypto, fresh new hacks, and new shots being fired. Eventful week - tune in to learn more!


    • Rapid Fire
    • CZ Talks Craig Wright“He claims to be the founder of Bitcoin, Satoshi Nakamoto, which is a lie. He hurts the credibility of Bitcoin and is a disgrace to our entire industry.”
    • Enjin launches game development platform on Ethereum Mainnet (altcoinbuzz)
    • Previously, only early adopters and members from the Enjin Spark program had access to the Mainnet tools. Now, anybody will be able to mint their own ERC-1155 tokens for their own use.
    • Over 2,500 projects adopting ERC-1155 have already been created on the testnet version of the Enjin Platform.More than 1% of the total ENJ supply is locked into over 50 million ERC-1155 assets.
    • ERC-1155 has become an official Ethereum token standard.
    • Lionel Messi-led FC Barcelona set to have its own token for ‘over 300M’ fans worldwide (theblockcrypto)
    • Lionel Messi-led soccer club FC Barcelona is set to have its own token in Q2 of this year
    • The club has partnered with blockchain startup Chiliz for the initiative
    • Alexandre Dreyfus, founder and CEO of Chiliz, told The Block that the deal took 17 months to close
    • Winklevoss-led Gemini Custody to add Filecoin, trading may be next (Decrypt)
    • Filecoin will be added to Gemini custody. remember Filecoin? One of the biggest ICOs that was completely private in 2017
    • “The Simpsons” Predict that Cryptocurrency and Blockchain will Gain in PopularityRead more at TheCryptoTime.com: (TheCryptoTime)
    • Shopify joins Facebook’s cryptocurrency Libra Association - K
    • Last time we left them Visa, eBay, Stripe had left Libra
    • Scored a win getting Shopify (Rev -1.58b, Net -.12, Total Assets 3.02B, 5000 employees)
    • Will contribute at least $10m towards Libra and will operate a node
    • Seems like a significant incentive is gaining a way to process transactions without paying credit card fees (helps their merchants too)
    • As part of Libra Association Shopify will
    • Become a validator node operator
    • Get one vote on Libra Association Council
    • Can earn dividends from interest earned on Libra reserve (proportional to investment)
    • Still lots of work to do, US gov skeptical
    • The French Finance Minister Bruno Le Maire said, “the monetary sovereignty of countries is at stake from a possible privatisation of money . . . we cannot authorise the development of Libra on European soil.”
    • Whale gets hacked for $30M in Bitcoin Cash - asks Roger Ver to "Roll Back the Chain" lol.
    • Apparently this was in a SIM Swap, similar to what happened to me.
    • The guy who had it stolen was apparently a security pundit of some kind.
    • The hackers immediately went to a bunch of addresses and headed to mixers.

    Coronavirus and it's affect on the economy, crypto, everything. (Everyone)

    • Bitcoin, Vitalik, and Stock to Flow - K
    • vitalik Tweet that had a pic of two articles regarding Coronavirus, arguing opposite sides of price action.
    • "Your daily reminder that 95%+ of articles of the form "event X will make crypto go (up | down)" are post-hoc rationalized bullshit."
    • Guy counters with Stock to Flow model chart, and Vitalik disagrees
    • Which predicts avg BTC/USD to be around $100k between 2021-2024
    • Got me interested, especially since we dont often discuss price prediction, and apparently its a popular valuation model.
    • Bitcoin Stock-to-Flow model was published first in March 2019, and it essentially treats BTC like gold, silver, or platinum.
    • Stock-to-flow ratios are used to evaluate the current stock of a commodity (total amount currently available) against the flow of new production (amount mined that specific year).
    • S2F really seems to be a measure of scarcity,
    • Gold has the highest stock-to-flow ratio with 62, as it would take 62 years of production to reach the current level of gold stock.
    • Silver has a ratio of 22, while Bitcoin is currently at 27
    • Of course this also draws a lot of criticism, how can we just use supply to try to predict price?
    • Joe Weisenthal (bloomberg markets editor) makes the point that if you wanted more btc you could just bid it up rn, without extra supply or less supply
    • "If you believe that there's some mathematical relationship between the supply of new coins and the price of the coins, then you have to explain how the supply of new coins changes peoples preferences to hold BTC within global porfolio."
    • It also doesnt account for demand-side shocks....What if nobody wants to hold bitcoin in the long run?
    • But has been realtively accurate so far, seems to not consider demand which may be just luck with BTC but wouldn apply to something else, or just works till it doesnt and it breaks down
    • Warren Buffet does an interview- Adam
    • Charlie Lee, Yoni assia (etoro CEO),
    • "I don't own any cryptocurrency. I never will"
    • Sun gifted Buffett some BTC and Tron which Buffett immediately gave away LOL to the same charity foundation of the $4.6 million
    • During his CNBC interview, Buffett also jokingly suggested that he could issue his own cryptocurrency called "Warren Currency." His words were used as another marketing trick by Sun who now proposed to issue WARRENCOIN on the Tron blockchain without any monetary value.
    • Bitcoin Drove Half of Square’s Cash App Revenue in the 4th Quarter
    • Shots Fired! (GOT ONE - nevermind)
    • https://twitter.com/cz_binance/status/1231846420392685569
    • CSW is a fraud. Investing in a fraud never ends well. See below. Time will tell.
    • I rarely called out anyone, with exceptions. On Chinese social media, I called FCoin a pyramid scheme in mid 2018. Their founder call his own plan a "better invention than #Bitcoin". That did it for me. Who would say such a thing? About themselves? except scammers.
    • "#fcoin, a crypto exchange that adopted the controversial "trans-fee mining" model, has paused trading and withdrawal after revealing a shortage of #Crypto assets worth up to $130 million."Neutral face
    • Exit
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    Episode 225 - New FinCEN requirements for crypto, Yang ditches the race, and Brave goes WikiLeaks. Feb 16, 2020

    _Welcome to this week's (bit late) Flagship Friday (Flagship Sunday just this once, sorry - our editor was on a boat. For many many hours.)

    This time around we go over the Trump administration's new plans for crypto, about Yang bailing out of the presidential race, and Brave's brave venture into investigative journalism, sort of. All of this and more on today's episode - tune in now!_


    • Rapid Fire
    • Bitcoin business, CoinSource, has now expanded to over 600 Bitcoin ATMs
    • Minnesota Fed president calls crypto a giant dumpster fire
    • Virtual reality beats blockchain as the hottest job in techdemand for augmented and virtual reality (AR/VR) engineers increased by 1,400% in 2019 (blockchain was +517 last year, +9 this year)
    • Not just gaming, also companies like Sephora (beauty) and Wayfair (furniture)
    • Blockchain developers still banking, 162k yr in 2020
    • Proof of concept blockchain voting concept
    • DeFi Reaches $1 Billion In Locked Up Crypto
    • Trump admin to release new FinCEN requirements for crypto.
    • U.S. Treasury Secretary Steven Mnuchin told Congress on Wednesday that the U.S. Financial Crimes Enforcement Network (FinCEN) is set to release new requirements related to cryptocurrencies. “We want to make sure that technology moves forward, but on the other hand, we want to make sure that cryptocurrencies aren't used for the equivalent of old Swiss secret number bank accounts,” he added. Mnuchin seemed to strike a positive tone on the topic, remarking that "we do think technology can be used to reduce payment processing quite considerably, particularly for small dollar payments cross-border."
    • Andrew Yang bows out of the 2020 Presidential Race
    • The only nominee who cares about crypto has bowed out of the race. We hope to see him in 2024. I think he made an impact seemingly coming out of nowhere.
    • Brave uncovers widespread surveillance of UK citizens by private companies embedded on UK council websites - K
    • They release a report called Surveillance on UK council websites
    • reveals the extent of private companies’ surveillance of UK citizens when they seek help for addiction, disability, and poverty
    • None of the data collected has received consent
    • Quick Facts
    • Nearly all councils in the UK permit at least one company to learn about the behaviour of people visiting their websites
    • Google owns all five of the top embedded elements loaded by UK council websites, giving it the power to know what virtually anyone in the UK views on council sites.
    • Over 1/4th of UK population served by councils that embed Twitter & Facebook
    • 6.9m served by council that allow data broker LiverRampl to track, LiveRamp was part of Acxiom Group, which sold data to Cambridge Analytica...
    • Some weird language for 2020 Taxes Regarding Virtual Currency (Story 3)
    • "At any time during 2019, did you receive, sell, send, exchange or otherwise acquire any financial interest in any virtual currency?"
    • Trump wants the Secret Service to tackle the Bitcoin problem -K
    • Trump's budget (proposed) for 2021 plans to increase Treasury departments control over cyprot criminality
    • The idea here would be to have secret service aid treasury efforts to stop terrorist financing, abuse of human rights, and financial crimes
    • Tweet
    • Little history sess
    • SS was actually creaty in July 1865 specifically to deal with the problem of counterfit money (approximate one third of money in circulation)
    • They also began investigating crimes like bank robbery, illegal gambling, even murder
    • Legistlation was on Lincolns desk when he got assasinated, in 1901 when President McKinley gets assasinated Congress asked SS to provide protection
    • 1902 they take on full time protection
    • It was the first counterintelligence agency until the FBI was created in 1908
    • In 2003 they were transfered to new Department of Homeland Security
    • Mnuchin Says U.S. Planning Cryptocurrency Rules On Transparency

    Crypto Around the World

    THAT'S A SCAM

    • The Ten Most Prominent Figures in the Cryptocurrency World?????I have a story for yee lol
    • So here's the list
    • Satoshi Nakamoto, Vitalik, Pavel Durov (Telegram), CZ, Brian Armstrong (Coinbase), Brandon Chez (Coinmarketcap), Charlie Lee, Alex Reinhardt, David Marcus (Paypal) & Roger Ver
    • Really mostly tough to argue, was gonna make CH joke or whatever....but didnt know Reinhardt
    • blah blah, Germany imiggrants kid It etc, then that by 11th grade he started seeling financial products to German pension funds, and "attracting investments in startups"
    • Here it gets good
    • In 2015, he survived the betrayal of partners who had effectively bankrupted his business. Huge debts and the necessity to pay bills became a call to action, so by using all his experience and innate talent as a salesman, as well as his brilliant experience in crypto trading, Alex launched his most successful project to date—PLATINCOIN. PLATINCOIN is a global cryptosystem that includes more than 10 high-tech products and services. The audience of the company's product audience is more than 500,000 people around the world, and every day there are more and more users.
    • Okay seriously WTF, so I google PlatinCoin and imagine my lack of surprise
    • The Youtube video is fantastic go enjoy , actual quote "indeed, our product is so good and value so obvious, that more than 89% of all that know even a little about cryptocurrencies and hear about our products, have become our costumers."
    • Suspicions confirmed, had to go back and look at the author
    • Alex Belov, "contributer" to Entrepeneur magazine....except this is the only article hes ever contributed
    • Linked in shows him as the COO of Coinstelegram, but before that?
    • And even Coinstelegram , mascarades as news but go to their services and
    • Exit
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    Episode 224 - 101 Series: Zilliqa with Amrit Kumar Feb 07, 2020

    Welcome to the Crypto Basic Podcast! Today Brent is joined by Amrit Kumar, president of Zilliqa, a high-performance, high-security blockchain platform for enterprises and next-gen applications. Amrit goes over the ins and outs of Zilliqa, how it works and what the project's goals for the future are. Tune in to find out more!


    Ziliqa's Website: https://zilliqa.com/

    Amrit's LinkedIn profile: https://sg.linkedin.com/in/amrit-kumar-6aa66151

    Episode 223 - The fine art world ventures into crypto, Justin Sun milks Kobe's passing, and Dubai launches a Crypto Valley. Feb 01, 2020

    Hello everyone and welcome to this week's Flagship Friday (Saturday? Who knows at this point) where we go over the most important crypto news of the past week! This week we're talking about smART contracts (not a hard pun to figure out), Justin Sun being sort of a doofus, Dubai going full on tax haven mode on crypto, and much much more. Tune in now!


    • Rapid Fire
    • Taxact is charging more for your service if you click "I traded crypto" and it doesn't add any steps. Don't use them
    • If you make under 66k the IRS lets you file for free.
    • Blockchain.com Has Created A Crypto Gateway for the Turkish Lira (Decrypt)
    • Now they can convert lire to bitcoin, eth or tether without using a third party payment processor.
    • Cool Website Talking About If It's Alt Season
    • A season is three months, so we looked at the performance of all Top 50 Coins over the last 90 days. The more Altcoins are up against BTC, the higher the Altcoin Season Index. If 75% of all Altcoins are up against Bitcoin over the last 3 months, it's Altcoin Season!
    • And to spoil it for the listeners, no, no it is not alt season yet. The heat index is currently at a 51.
    • Hey Telegram, you're crypto is worth less than donuts (CoinTelegraph)
    • In the memo, the SEC included a few barbs against the instant messenger service. It called out Telegram for doing “a two-step around the registration provisions” and performing “sleight of hand” by fabricating the difference between a purchaser’s investment in Grams and their delivery of the Grams, which would allow them to withhold info normally in regulatory statements. Pavel Durov’s creation, the document contends, gave a “strawman” argument about “existence” since “Grams will never be tangible.” The SEC put the frosting on when it wrote:
    “Telegram’s attempt to avoid this economic truth by labelling Grams ‘commodities’ also fails. Grams are not commodities. Unlike gold, comic books, and Krispy Kreme donuts — commodities Telegram compares to Grams — Grams have no intrinsic value.”
    • Art project uses Ethereum to validate their art pieces
    • As Thomas Crown Art’s tech expert and business analyst Ian Mcleod, explained, each piece of artwork is embedded with blockchain technology. “All our works of art are logged on the Ethereum’s blockchain with a unique ‘smART’ contract,” he said. “This means that all the artwork is authenticated, and all providence issues are solved. This is a major step forward in the art world where forgery is a growing and expensive problem.”
    • Justin FREAKING Sun. SMH.
    • https://twitter.com/justinsuntron/status/1221537900568829953?s=20
    • https://twitter.com/justinsuntron/status/1222307981041135616?s=20
    • Bitcoin Jesus (aka Roger Ver) Caves as Fight Over Fourth-Biggest Coin Heats Up (Bloomberg)
    • On Jan. 22, a group of key Bitcoin Cash supporters proposed changing the cryptocurrency’s computer code to temporarily direct 12.5% of all newly issued coins to fund technology development -- an idea that irked many purists who prefer the typical decentralized governance of most cryptocurrencies.
    • The proposal had a high chance of passing, though, as companies advocating for the change controlled a third of computing power used to support the network of the Bitcoin offshoot in the past week, according to data tracker Coin Dance.
    • “will not go through with supporting any plan unless there is more agreement in the ecosystem.” The mining operation said it will work to come up with an alternative plan “which preserves the fundamental economics of Bitcoin Cash.”
    • Bitcoin Cash still likely has to do something to prop up its developer ecosystem. The average number of developers working each month on Bitcoin Cash-related projects declined 32% in the first half of 2019 from the previous six months, according to Electric Capital. The project lost the most developers of all other top cryptocurrencies.
    • Guy on reddit goes through one of those discord scams to see how it works.
    • This one is called razebit
    • Basically on discord they say you won some btc.
    • Then he goes to the site, signs up with throwaway. Says it looks fairly legit. He can see that he has BTC in his account.
    • Tries to withdraw it, and there's an error that says he needs to deposit .02 BTC before his account is verified.
    • Just an advanced verdion of the nigerian prince scam.

    BULLISH OR BULLSHIT


    • "Literally No One Is Trading BAKKT Options" (CoinDesk)
    • Trading volume on the Intercontinental Exchange's BAKKT platform have completely dried up. Not a single Bitcoin options contract was traded last week and the last one was January 17th. It launched the first regulated bitcoin options contract on Dec 9th and while it saw over $1mill worth of bitcoin options in it's first four weeks.
    • Solid numbers initially but when compared to the Chicago Mercantile Exchange, it's pretty weak. Their first day of bitcoin options was $2.3mill
    • BAKKT Futures had a record 6,600 contracts of trading volume on Dec 18th, CME had a daily average of 6400 in 2019.
    • So I ask, do you think Bitcoin options is ever going to be a thing?

    Crypto Around the World

    • Dubai Set To Launch It's Own Tax-free 'Crypto Valley' (Decrypt)The Dubai Multi Commodities Center (DMCC) is set to establish it's own Crypto Valley in the United Arab Emirates.
    • Announced last week at Davos, the DMCC has teamed up with a Switzerland based CV VC, to build out the sector devoted to blockchain and cryptocurrency innovation within the UAE. Coworking faciilities, mentorships, education, all focused on the crypto space.
    • It will be situated in one of Dubai's free zones—meaning there are no personal, corporate, or withholding taxes. Businesses get to keep 100% of what they earn!
    • 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.


    Episode 222 - New Crypto bills, Peter Schiff isn't too bright, hedge fund fraudster plays the crypto game. Jan 24, 2020

    Hello hello hello! Welcome to another episode of Flagship Friday, our weekly show where we cover all kinds of crypto news and shenanigans. This week we're talking about things like new bills concerning taxation and crypto, as well as Canada's fresh new way of looking at things crypto related.


    Also, Peter Schiff's 7-step program to not making any sense will a-maze you. Finally, Venezuela is unfortunately doing worse and worse, and scammers do, in fact, still be scammin. What a life. Tune in now!


    Dive into the cryptoverse with us on this episode of the Crypto Basic Podcast.

    


    • Rapid Fire
    • Pornhub is using Tether since PayPal has banned them. WHAT A PUNTOMG it's even worse. They're using the TRON version of USDT lmao.
    • Brave MOBILE loads websites significantly faster than Chrome or Firefox - up to 3x or 6x faster using less memory and data.
    • Iota released a new coordicide whitepaper.
    • Remember that Telegram Token sale that had to be refunded? Well they actually did it .They promised a launch date refund if they didn't launch, and refunded. Good on them.
    • Bill Proposed For You To Only Pay Taxes On Profits Over $200 - B
    • So this bill would say that transactions would not be subject to gains unless it's over that amount. Apparently 95% of transactions on chain would fall into this category.
    • Bill was introduced in the House of representatives.
    • It's long and confusing, and there was a top post on Reddit even saying that this would re-classify crypto into currency and make it worse for tax reasons, but this isn't the case.
    • It simply creates one more exemption that says that these transactions that result in $200 or less profit, are fine.
    • Right now, if I were to buy 1 bag of coffee from you every month with my Bitcoin, it would create tax issues for you, and me. That's not the case with money, so it's a step in the right direction.
    • Peter Schiff is an idiot, but we can learn from it. - B
    • Step 1
    • I just lost all the #Bitcoin I have ever owned. My wallet got corrupted somehow and my password is no longer valid. So now not only is my Bitcoin intrinsically worthless; it has no market value either. I knew owning Bitcoin was a bad idea, I just never realized it was this bad!
    • Step 2
    • Since all the Bitcoin in my corrupted wallet were gifted to me, it's not that great a tragedy for me that they're lost. "Easy come, easy go," is especially true for #Bitcoin. My plan was to HODL and go down with the ship anyway. The difference is that my ship sank before Bitcoin.
    • Step 3
    • So much fake news about how I forgot my wallet password. Can't #Bitcoin pumpers be honest about anything? I was very clear that I didn't forget my password. My wallet no longer recognizes my correct password. Plus what's up with over 3K people liking that I lost my Bitcoin?
    • Step 4
    • Had I actually forgotten the password to my #Bitcoin wallet it would be OK as I would eventually remember it, or figure it out by trial & error. But since I know my password and it doesn't work, there’s no way to guess a new random password that may or may not unlock my wallet.
    • Step 5
    • My #Bitcoin mystery is solved. I mistook my pin for my password. When Blockchain updated their app I got logged out. I tired logging back in using my pin, which was the only "password" I had ever known or used. I also never had a copy of my seed phrase. Honest but costly mistake!
    • Step 6
    • To clarify my last tweet I was not able to recover my #Bitcoin. Since I never actually knew my password, just the pin, and never had a copy of my seed phrase, I have no way to recover the Bitcoin. So the problem was not a corrupted wallet, but my confusing a pin for a password.
    • Step 7
    • A lot of people are making fun of me for confusing my pin with my password. I made a mistake and it cost me my #Bitcoin. But confusing Bitcoin for money is a much larger mistake and those who are making it will lose far more than I did!
    • Canada Getting On Board with "Not your keys, not your bitcoin" - B
    • The CSA has released a notice that they intend to propose the elimination of internal ledgers.
    • This means that exchanges that do this internal ledger practice need to register as Securities with the CSA .
    • There are definite repercussions here. If they aren't holding funds, then money laundering becomes easy and can be done without the exchange knowledge.
    • This can't be done on chain with BTC so would require solutions. If it goes into effect, their exchanges would essentially need to shut down.

    Crypto Around the World

    • Slice of prime Zurich real estate sold on blockchain -K
    • A building on Zurich’s most exclusive shopping street has been converted into a blockchain-powered investment following its $134 million sale.
    • Bahnhofstrasse 52, bought by Zug-based real estate investment firm BrickMark
    • 20% BrickMark funded about 20% of the purchase by giving the seller, RFR Holding, a batch of its new tokens
    • collect recurring payments of rental income
    • RFR is legit, bought Chrysler building
    • Venezuela Cash Hoard Sinks Below $1 Billion - K
    • Venezuela’s central bank now has only about $800 million left in cash
    • $200 million of other liquid assets
    • country holds some 73 tons of gold in local vaults, (did the math, $3.6b)
    • But selling it is tough because US cut off Maduro regime from global network of buyers, banks, & middle men
    • 32 tons of that gold is in London, Bank of England. Maduro has asked for it back but they dont recognize him as the country's legitimate leader

    THAT'S A SCAM

    • Convicted Hedge Fund Fraudster Plays Crypto -K
    • This guys was lying to people in the company, fake name and everything
    • Boaz Manor, "Shaun MacDonald" was pretending to be product designer/management consultant
    • employees of CG Blockchain quit en masse, guy thinks they're over reacting
    • Dude was lying, claimed 20 companies paying $1m each to use product.
    • Would use aliases & change appearance
    • Uses buddy as cover for ownership Edith Pardo, 68 yr old attorney who invested $3m into CG Blockchain
    • Welp he had stolen like $100m from hedgefund, released early from prison but with lifteime ban from securities industry
    • His buddy got arrested, this dude still at large

    r/CryptoCurrency - I have created a list of cryptocurrency scams happening right now. I ended up losing some money last week and I don't want anyone to lose as well. So I researched on various scams taking place. If I have missed any please comment below..I will add it.


    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.

    Episode 221 - Red Flags: coss.io Jan 22, 2020

    Today we have a new episode format for you! It's called Red Flags, and in it we're gonna be going over some of the crypto projects of the world that are, let's say... questionable. After reviewing certain events or clues that might be considered red flaggish, we'll be giving our final verdict. So, for the first installment we'll be going over coss.io, a crypto exchange with a troublesome past and worrisome present. The future still lies ahead, but we're not convinced that it's gonna be good news for anyone involved. Tune in now!

    Episode 220 - Blockchain development high in demand, AkonCity, and Craig Wright... again. Jan 17, 2020

    Hello everyone! Welcome to Flagship Friday.

    This week we're going over blockchain development's rise in demand, Akon founding a city and Craig Wright... again. Tune in for more!


    • Rapid Fire
    • Blockchain is Most In-Demand Skill in 2020 LinkedIn ReportCompanies weren't even looking at blockchain a year ago and now it's the top in-demand hard skill—beating out other hot skills like AI and cloud computing.
    • Warren Buffett had his worst year in a decade.Berkshire Hathaway lagged behind in 2019. While it did perform at a reasonable 11% in 2019, it lagged behind the S&P in 2019 which posted a 29% return. Sure, Berk still has 700 Billion with a capital B but his unwillingness to hop on the Bitcoin bandwagon seems to be having an effect.
    • Luxury giant Kering certifies its watches with Bitcoin.Ulysee Nardin, the Swiss watchmaker behind Kering, is using blockchain to certify the authenticity of it's watch.
    • The idea is that the watchmaker will log each watch on the blockchain, meaning owners can rest in the knowledge that they have a one of a kind timepiece. It also means that they won't be swindled, and sold a fake.
    • Once bought from Ulysee Nardin, a customer will receive a PDF that contains all the information about the watch, such as the serial number, model, and warranty information. With that, the customer can trace the watch on the Bitcoin blockchain's immutable ledger. This will be handy when selling the watch, as this information can be used to certify the watch's authenticity, as well as its maintenance history.
    • List of prices where mainstream media declared Bitcoin dead. Karim what's BTC at currently? (Twitter)
    • https://twitter.com/bloqport/status/1214887680686858240
    • Space gets just a bit less scammy - K
    • We had 518 blockchain and crypto projects falling by the wayside in 2019
    • still marks a 20% decrease from the previous year.
    • largest number of cryptocurrency projects disappeared during the early months of 2019 (the deep red)
    • 115 folded in January, with 48 collapsing in February and a further 120 in March
    • remember deadcoin?Deceased, hack, scam, and parody
    • Most dead projects were scams (55% in 2018, 58% 19)
    • Most scams seem to have a life cycle less than 1 yr, 1-3yr for legitimate fails
    • SEC Issues IEO Investor Alert - B
    • Here's the quick version - IEO's are basically now on the radar of the SEC.
    • They use a lot of wishy washy languge, but the end result is very similar to the ICO announcement years ago. You might have more to deal with if you're holding an IEO coin.
    • They also explain a lot of the things that are completely true about the space - scams etc.
    • 20 Blockchain Predictions for 2020 (Adam)
    • Former head of Global Business Development at ConsenSys makes 20 predictions for 2020. He's been heavily involved in the space for years and is now a managing partner at DARMA Capital. He has made yearly predictions within the space since 2016.
    • We've heard this analogy before but Ethereum rn is like dial-up internet in 1996 running at 14.4kbps.
    • US will have to play catchup after China made big moves into crypto and blockchain
    • Ethereum 2.0
    • Radically altered blockchain landscape by 2021
    • the tale of Libra will continue
    • Sleeping giant of blockchain—supply chain awakens
    • Coinbase had to payup for some random exchange called Cryptsy? - B
    • So this is kinda weird, but it's Coinbase so I like shitting on them.
    • They lost nearly $1M in a lawsuit that's been in court for the last 3 years.
    • Apparently this Cryptsy exchange pulled a MtGox back in 2015 and got away with quite a bit.
    • Apparently they were able to launder this money on Coinbase.
    • Coinbase was just found liable for not having a better money laundering control system.
    • Nakamoto Awakens - K
    • Craig Wright files notice of compliance with the court, saying the bonded courier he said would bring him the keys to Satoshi wallets finally arrived
    • But defense said it was just a list of addresses
    • “Craig, however, did not provide any information on the bounded courier, the company he/she worked for, when he/she came, or the message delivered.”
    • And Bitcoin SV went up over 100%, before the news droped.
    • Attorney Steven Palley
    • “I’m not saying that the list is or isn’t authentic,” he said in a tweet. “I am saying that this is a guy who two federal judges have basically called a liar and he just opened a new Pandora’s box of discovery. So it may not end well.”

    Crypto Around the World

    • AKON IS OPENING A CRYPTO CITY LFG - B
    • Akon is apparently from Senegal, so he was able to get his ancestal home to agree to let him create Akon City.
    • Akon City will have its own currency: Akoin.
    • It will consist of 1000 Acres
    • They expect Akon city to be open in 2025.
    • Akoin still isn't out yet, but it will in July .
    • He also almost ran for president. HE WAS THIS CLOSE
    • UN officials warn against attending North Korea cryptocurrency conferenceattendance could count as a violation of sanctions.
    • North Korea under U.N. sanctions since 2006 over its nuclear and ballistic missile programs.
    • They had their first one in April, and thats the one Virgil Griffith got arrested for
    • been released on $1 million bond
    • Uzbekistan is looking to create a national cryptocurrency mining pool and digital asset exchange (The Next Web) - A
    • To incentivize foreign and domestic miners to work together. Miners that join the pool will receive discounted electricity rates. They want to increase transparency and security in cryptocurrency mining as well as help energy efficiency in the sector.

    THAT'S A SCAM

    • COSS.io Exit Scamming?
    • Not sure yet, but we've got some red flags flying.
    • I actually owned some coss at some point, but I saw some serious UI flags back in the day so I got out quickly.
    • Red Flag - Coss suspended all withdrawals without warning for 3-4 WEEKS. Not days, hours, WEEKS. They said they were migrating all users to a new platform.
    • Red Flag - The e-mail went out to tell everyone 9 minutes AFTER the exchange actually pulled all ability to withdraw.
    • Red Flag - One of the mods was removed as a moderator of the CossIO subreddit. According to him, he was very against deleting any of the bad press. Only those active at deleting negative comments were allowed to stay. Reddit mods are anonymous, but this could very well be someone who works there.
    • Red Flag (CEO) - The CEO is Rune Evensen. One of his last Ventures? A company called SiteTalk, which was an MLM for virtual products. The primary way to make money on Site Talk wasn't selling these items, but convincing others to convince others to buy them. This was back when myspace was in existence.
    • BehindMLM.com -
    • TWITTER
    • Red Flag (CEO) - Rune was connected with Sebastian Greenwood on Linked in, he was also the top seller of the One Coin scam (another MLM, the one that got real big) . They were also connected on SiteTalk.
    • 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.


    Episode 219 - The Crypties 2019 Jan 13, 2020

    Welcome, ladies and gentlemen, tooo... The Crypties 2019! - our YEARLY award show where we give awards out to the people, companies and even events that deserve them. We've got old categories, new categories, serious categories - like Crypto Person of the Year, and dumb categories - like the Carlos Matos Award (self-explanatory). Join us in the gala and see you in the afterparty!


    • Favorite Person in Crypto 2019 - K
    • Charles Hoskinson
    • Peter McCormack
    • CZ - WINNER
    • Andreas Antonopoulos
    • Andrew Yang
    • Craig Wright Award (Biggest Douche in the Cryptoverse) 2019 - A
    • Craig Wright
    • Mark Facebookerg
    • Substratum Community
    • Gerald Cotten
    • Justin Sun
    • Matos Award (THATS A SCAMMM) - B
    • Quadriga CX
    • The Binance $40M Hack
    • Bitcoin Hex
    • Tether
    • Scammers Impersonate Us
    • SIM Scam
    • Brock Pierce and the EXW Walllet Convention (Happened 2 days ago - promises .33% daily return generate by a trading bot)
    • Biggest Disappointment 2019 K
    • Bakkt
    • Cardano
    • Iota's Coordicide
    • Bitcoin Dying
    • Ethereum 2.0
    • The Lightning Network
    • The Brent Philbin Award For Usablility 2019 (why was this mine?) B
    • Cash App's Bitcoin
    • Brave Browser
    • Enjin ERC1155 Tokens
    • Maker's Leverage Platform
    • Crypto Around The World's Hurrah-Crypto-Law Award K
    • France - Crypto-to-crypto trades are not taxable.
    • Germany - Banks are allowed to work with cryptocurrencies.
    • Iran - Endorses mining of crypto, considers it Industrial activity (licence required)
    • New Zealand - bitcoin and several other coins are approved as salary payment alternatives
    • Favorite Altcoin Project 2019 - B
    • Cardano - Staking Pools
    • Maker - Multi-Collateral DAI
    • Tron - DLive :)
    • Nano - Unreal Integration
    • XLM - Partnership with IBM for international payments.
    • Weather the storm 2019 - A
    • Tether
    • Tron
    • Bitcoin SV
    • Ethereum Classic
    • EOS
    • Cmon Mannnn K
    • Charles Hoskinson tries to fight Chico Crypto
    • Justin Sun buys dinner time with Warren Buffet but has Kidney Stones
    • Craig Wright Cries in Court
    • Justin Sun announces partership with Liverpool FC, Liverpool denies it
    • CryptoBasic Lowest Lows 2019 B
    • Adam Defends Tron
    • Brent has to take a shit and misses Andreas Antonopoulos episode.
    • Mike Leaves the show
    • Adam Joins the show.
    • Favorite Episode 2019 A
    • Joel Comm, Matthew Aaron, and Hashoshi on a round table panel.
    • Bitcoin Takeover Podcast Crossover
    • Andreas Antonopoulos
    • Peter McCormack
    • ZuckBucks with Colin Fausnaught
    • Worst episode 2019 B
    • Collectively having too many flagships
    • Marius Kramer - Emberfund Manager
    • Bitcoin 102
    • SXSW Recap Episode
    • The Adam Levy Tron DAPP award -A
    • Nah I'm kidding fuck that
    • The Adam Levy Best Crypto Hype Man Award
    • @Adam Levy You're the social media guy - who are the crypto hype men?
    • Andrew "Pomp" Pompliano (@APompliano)
    • Russel Okung (@RusselOkung)
    • Ari Paul (@AriDavidPaul)
    • Charlie Shrem (@CharlieShrem)
    • Jason Award - Behind the Scenes Champ 2019 K
    • Jason -
    • PeaStew
    • Jason but in Greek
    • Wild Foods
    • CBP Discord User of 2019 A
    • CryptoPeaStew
    • Derpyderp
    • TheBlackBrant
    • Hacker
    • The bigger boat
    • The Zman
    • Looking ahead to 2020 K
    • What story or trend is holding your attention going into 2020?
    • K - Fragmented world & How will crypto/bitcoin respond in the upcoming crisis
    • B - Google's interest or distaste for the Crypto Space
    • Ethereum 2.0
    • Where’s the bull market??


    Episode 218 - The decade in investing, Google targeting crypto, and more. Jan 03, 2020

    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 Fire
    • KARIM QUESTION
    • VICE 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 second
    • wtf is quintillion? - 1q Pennies laid out flat would cover the earth 2.5x over
    • One quintillion is one thousand quadrillions, which is one thousand trillions
    • It would take between 25,000-100,000 galaxies like our own to total a quintillion stars
    • Bitcoin 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 - Karim
    • 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.
    • 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 today
    • Stock Markets
    • Greece
    • continued 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 yield
    • Central Banks
    • The 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 21st
    • Not 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 Publisher

    • https://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 residence
    • Google Knows what you were doing in 2010 Right on Jan 1.

    THAT'S A SCAM

    • Cryptocurrency Investors Want Dead Executive Exhumed - K
    • Gerald W. Cotten died last year, clients at Quadriga CX unable to gain access to at least $250m
    • Operations encrypted and he's the only one who knew the password
    • Quadriga 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 2020
    • 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
    • while 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 storage
    • 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.
    • They had also transferred tons of crypto into personal accounts of Cotten on other exchanges, with no business justification
    • 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.


    Episode 217 - CryptoConvos: Grant Blaisdell Dec 24, 2019

    Welcome to this episode of the CryptoConvos series of the Crypto Basic Podcast! Today we've got Grant Blaisdell of Coinfirm on the show, here to talk all about what they do and how they do it over at Coinfirm, a crypto exchange risk assessment service. He goes in depth about the mission of Coinfirm to eliminate the crypto world's tarnished, scammy reputation, as well as help people reclaim their stolen crypto. Grant was super compelling to talk to, and his chat with Brent made for an excellent episode. Tune in to discover more!


    Find Grant and Coinfirm on the following links:

    Coinfirm's website

    Reclaim Crypto

    AMLT Token Network on Twitter

    Grant's Twitter

    Grant's Instagram




    Episode 216 - New Ethereum upgrade, India proposes banning crypto, and a vibrant week for scams. Dec 14, 2019

    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 Fire
    • Jack Dorsey Tweet Thread For Open Sourced Social Media Standards
    • BitMex Gets Sued By Seed InvestorBasically saying their $30k investment should be worth $50M now, so they're suing for $300M
    • Charles 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 XSongs
    • Coinbase's debit card has added a stablecoin.
    • Craig Wright Tries To Avoid Paying $658k Legal Fees
    • Matic Massive DumpAfter rising 180% in 2 weeks, Shed 70% of its value in minutes on Tuesday
    • A 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&d within the Matic Team but then CZ refuted that claim pretty quickly
    • 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)
    • 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 storage
    • Reuters 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 investors
    • Ethereum 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 will
    • One 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 World

    • Proposed Cryptocurrency Ban In IndiaDuring recent monetary conference Reserve Bank of India reiterated its stance on banning privately-owned cryptocurrency in India
    • According to RBI governor Shaktikanta Das, issuing currency is a sovereign mandate and this should not be given to private companies
    • 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)
    • RBI had previously announced that no banks could deal with entities or consumers dealing with crypto, gave them 3 months to settle their services
    • Worth noting that there are internal challenges to this ban at their supreme court, we'll see how it rules

    THAT'S A SCAM

    • SEC Charges Shopin CEO With Fraud Over Unregistered $42mil ICOShopin CEO name is Eran Eyal
    • 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?
    • 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 Release
    • defrauded investors out of 722m promising huge returns if they joined investing club
    • while 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 setup
    • They 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 California
    • indictment said the defendants operated BitClub Network from October 2014 until this month
    • They would essentially show false figures and were told they were Bitcoin mining earnings
    • February 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 significantly
    • in 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 equipment
    • Plus 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.


    Episode 215 - CryptoSenators, CryptoConvictions and of course CryptoHacks. Dec 06, 2019

    Welcome to this week's Flagship Friday, our weekly series where we discuss all the latest news from the cryptoverse! This episode actually covers the past two weeks, as we skipped last week due to Thanksgiving. So, tune in to hear about crypto CEOs being appointed as senators, crypto developers being arrested for working with North Korea and what the 5 biggest trends for cryptocurrency in 2020 will be. All of the above -and more- in this episode of the Crypto Basic Podcast.


    • Rapid Fire
    • Georgia Governor Appoints Bakkt CEO Loeffler as New US SenatorSo I'm gonna be honest, I didn't realize Senators could be appointed.
    • Kelly Loeffler stepping in for Johnny Isaakson. Was appointed against the wishes of Trump who wanted someone else.
    • She'll be stepping down from her position to take the seat. Unclear who takes the helm at Bakkt but it will likely be Adam White, COO & former Coinbase exec.
    • Dwight Schrute talks Mona Foundation and Bitcoin
    • Mona Foundation educates children in need globally. Rainn Wilson, Dwight talks about why you should donate it to help these children. Also trolls bitcoiners a bit jokingly saying its useless and quoting mark cuban who said it was more useless than a banana lol.
    • You can now vote for what Juventus dances when they score a goal with SociosAlex Dreyfus who used to be heavily involved in poker started Socios, a few years ago. You get fan tokens and can vote on stuff with teams they have signed on and one of them is Juventus where you can actually vote what their next goal celebration will be
    • Binance Makes A Deal In IndiaBinance acquired WazirX, an Indian cryptocurrency exchange with 200k users.
    • To launch multiple fiat-to-crypto gateways allowing traders to use the Indian Rupee
    • Thailand is putting visas on the blockchaineVisa to help streamline entry into the country. Aussie startup Sharering will provide its blockchain tech and will enable millions of tourists to apply securely for a travel visa online. Could be a big step for real blockchain adoption.
    • FBI arrested a cryptocurrency developer for speaking in North Korea (Tweeted about making this bullish or bullshit - honestly I wanted to really dive into this story as almost a "main story")- K
    • So is Virgil Griffith a friendly unofficial liason to NK a la Rodman, or helping evade sanctions?
    • On November 28, Griffith was arrested at Los Angeles International Airport.
    • Could have been traveling for holiday cuz he lives in Singapore
    • Formally arrested for a trip he made in April 2019
    • Acoording to SDNY Justice Department, he supposedly described how blockchain and cryptocurrency technology could be used by the DPRK to launder money.
    • The U.S. federal government says Griffith’s presentation in North Korea constituted a transfer of technology,
    • violates the International Emergency Economic Powers Act and Executive Order 13466
    • Americans can’t export any goods, services, or technology to the DPRK without a license from the Department of the Treasury, Office of Foreign Assets Control (OFAC)
    • Who is Virgil Griffith
    • gained notoriety in the hacker community for creating WikiScanner
    • linked anonymous edits on Wikipedia to the organizations where those edits originated, using the public IP addresses that are logged by Wikipedia.
    • Showed how companies like Exxon would spin oil rig disaster on their Wikipedia pages, he said he did it to create PR disasters for these companies
    • In 2003, the educational software maker Blackboard sued to prevent him from presenting research on security flaws in the company’s software.
    • In 2006 he wrote a paper showing how easy it was to get Mother Maiden names from public records (so stop using it as a security question)
    • 2014, Griffith received a Ph.D. in computation and neural systems, moves to Silicon Valley and start working on Ethereum
    • The criminal complaint says he was encouraged by organizer to talk about potential money laundering and sanction evasion because thats what would resonate with audience
    • So in his talk "Blockchain and Peace" he talked about blockchain being used to achieve "achieve independence from the global banking system."
    • Here's the brutal part tho...he did ask US State Department because he knew it violated sanctions. Got denied, he went anyway by traveling through China
    • He tweeted a photo of his visa, writing on Twitter: "Visa to DPRK fixed without passport number.”
    • He also apparently spoke with FBI agent after trip, allowed them to inspect phone
    • Justin Sun Buys Poloniex(Adam OBVIOUSLY ADAM) Also title is backwards?
    • On Nov 13th Sun admitted to investment in crypto exchange Poloniex.
    • Nov 29th Poloniex acquires Tron Networks largest decentralized exchange. Deal is unknown and what financial value was generated.
    • Dec 3rd Digibyte founder, Jared Tate, posts a twitter thread criticizing Tron and its acquisition of Poloniex
    • Seven hours later Poloniex replies by delisting Digibyte from their platform after a "careful review"
    • Cred on Twitter
    • The 5 Biggest Trends In Cryptocurrency For 2020 - K
    • Fun story, this is from 'Benzinga' so financial news basically, and they got it by talking with the co-founder of a tracking and tax crypto comany (Accointing, Alex Lindenmeyer)
    • The Halvening
    • from 12.5 to 6.25 BTC
    • months surrounding the 2012 halving, bitcoin price went from less than $10 to more than $100
    • in 2016 it was 400 before halving, double that by the end of the year
    • On the other hand, As bitcoin mining becomes less lucrative, the number of miners competing for a block will fall as will the hash rate necessary for mining until an equilibrium is reached.
    • But likely to see a lot of volatility based on speculation\
    • Enter Libra
    • Their goal was summer of 2020....if they get there =) (just found out Kushner family is one of the financial supporter, mini rant)
    • If it does come in it will be huge though, people who wouldnt touch crypto will have access, think about older people on FB or non tech younger people.
    • The Feds
    • Federal Reserve revealed Central Banks have been exploring the potential of a digital dollar
    • IRS has been more clear about what crypto entails for coming taxes
    • Market Consolidates
    • Even with price falls number of cryptos in market has gotten to 2300
    • Fewer than 33% have a trade volume of more than $100,000
    • With more regulation and structure a lot of the scammy bottom feeders may get squeezed out
    • Crypto And Fintech Hook Up
    • overarching theme of all of these trends is that cryptocurrency is growing up, becoming mainstream and finally finding actual use cases,
    • Libra itself is (or was) stacked with members from various fintech companies.
    • But mainly they added this section to plug his company,

    THAT'S A SCAM

    • Recap of some the Top HACKS of 2019 (not like people pretending to be dead) (from a changelly blog)Bitrue
    • June - 5M Stolen
    • They had ADA and XRP stolen, but were able to reach agreements with the exchanges that the funds were sent to to Freeze the funds and recover them.
    • We didn't cover this hack
    • Exchange Status - Open
    • Cryptopia
    • January 2019 - 16M
    • We covered this one and ran quite a bit of "told you so" material!
    • We still don't know how the hackers got the funds, but it's also just as likely that it was an exit scam.
    • The company went bankrupt, and still owes creditors 2.7M.
    • Exchange Status - Closed
    • Bithumb
    • March - 19M Stolen.
    • We covered this back then, this was the hacker we made fun of because they stole EOS and XRP.
    • This wasn't the first time they were hacked, and though they never caught the culprit they believe that since they were previously hacked by the Lazarus NK group, that it might have been related.
    • They covered the hacked funds and took the loss.
    • Exchange Status - Open
    • BitPoint
    • July - 32M
    • This one got BTC, BCH, ETH, and LTC stolen.
    • Bitpoint was one of the biggest Japanese exchanges... they're where a ton of coins were sold to payoff MtGox creditors.
    • While they promised to pay their customers back on a 1:1 basis, I cannot find any information on them actually following through. They did reopen operations in August.
    • Exchange Status - "Temporarily Suspended"
    • Binance
    • May - 40.5M
    • We definitely covered this one. Funduhs are Safeuh.
    • This hack was on BTC where 7,000 of them were stolen, plus BTC from other accounts adding up to somewhere near 7200 BTC.
    • This is when we gave them props for being so transparent.
    • They covered all losses, and created a fund to handle it in the future.
    • Exchange Status - Open
    • UpBit
    • November - 48.5M
    • Upbit is based in South Korea
    • Was hacked exclusively of ETH
    • This was fairly recent, and they suspended all trading and moved funds to cold wallets.
    • Again they have promised to fully compensate their users, but the exchange is still down.
    • Quick google of upbit says they're the most trusted crypto exchange.
    • Exchange Status - Operational, and withdrawsl appear to be available.


    Episode 214 - CryptoConvos: Andreas M. Antonopoulos Nov 27, 2019

    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' Twitter

    Andreas' Official Website

    Andreas' publications on Amazon

    Episode 213 - China sets up blockchain committee, blockchain university course is launched, and interest rates hit the negatives. Nov 23, 2019

    Welcome to this week's Flagship Friday, where we discuss all the happenings in the crypto space of the past week! Tune in to find out what China is up to again, what a political simulation revealed about the crypto-Yuan's flexibility and potential, and much, much more. Also, we've got a couple of announcements... a certain Greek SOMEONE will be joining us for an interview next week, so be sure to stay updated! Also, we're excited to announce that we're nearing this year's broadcast of the Crypties award show! Everything's brewing in the discord, so make sure to join!


    Dive into the cryptoverse with us on this week's Flagship Friday.


    • Rapid Fire
    • Fidelity gets bitcoin custody and trading license from NY regulatorFidelity obtains a trust license from the New York Department of Financial Services to offer Bitcoin custody service to New York residents. Additionally, Fidelity also received the license to operate a trading platform on which New York’s institutional investors can securely purchase, sell, store or transfer Bitcoin.
    • NEO launched blockchain course in St. Petersburg State UniversityThe course aims to provide insights into distributed ledger in general and Neo technology in particular, and help students building skills in developing with core components of Neo technology.
    • Poloniex closing US accounts December 16thPoloniex is closing US accounts by 12/16/2019 Make sure you have your funds out, this isn't like the Binance closing - they are going to make things harder and charge fees past that date.
    • Coinbase is going to offer insured IRAs - This is pretty sick.
    • comes with $200 million of inusrance by Lloyds which is the most you can get
    • Former CFO of Facebook has bank account shut down without explanation. (Roelof Botha - though he left the company in 2003. Dude was 31!) A bunch of other crypto-related people also got their account shut down including Justin Sun.
    • Reminder from Reddit - Jed McCaleb can sell 750m XRP this year, and 1B XRP next year. - B
    • Here's a quick recap of the Jed situation with XRP - Basically he was given 9B XRP as the founder of the project. He Left the project and forked to Stellar. When he did, he was planning to sell his XRP. There had been an agreement of some kind in place about how much he could sell, but he incorrectly assumed he could do what he wanted with his assets, they were frozen on an exchange, and he wasn't able to sell them.
    • The lawsuit said that first he had to donate 2B XRP to a charity. However, he'd been TRYING to do this for a long time and the suit stopped him.
    • Then he had limits on what he could sell of his (and his family's) remaining 5.4B XRP.
    • During year 2, 3, and 4 Jed could sell 20k XRP per month.
    • Year 5 and 6 he could sell 750m XRP for the year. (where we are now)
    • Year 7 he could sell 1B XRP
    • Year 8 he can sell 2B
    • Obviously this can have lasting implications on the price.
    • Trump summons Powell to discuss rates amid WH attacks on Fed (and a discussion on interest rates) - K
    • President Donald Trump summoned Federal Reserve Chairman Jerome Powell to the White House on Monday
    • Fed official statement is that Powell told Trump same thing he said to congress
    • The economy is in good shape,
    • Fed will likely suspend rate cuts for now (3 cuts this year)
    • Speculation is Trump is putting pressure to cut rates more aggressively
    • Trump has openly criticized Powell for keeping interests too high, says economy would be even better if they were negative like Japan and Europe
    • The Fed’s benchmark rate is in a range of 1.5% to 1.75%, an extremely low level by historic standards
    • Trump has complained that negative rates in Japan and EU put us at competitive disadvantage.
    • maybe keeps dollar relatively stronger which hurts exports a bit, but only part of the story
    • NEW GAME - What am I thinking about now?
    • In a speech last week, Trump said, referring to negative interest, “Give me some of that.... I want some of that money. Our Federal Reserve doesn’t let us do it.”
    • More importantly, what is the purpose of controlling interest rates? When should they be lowered
    • Originally thought to be short term solution, but has spread and cemented. (EU-2014, Japan in 2016)
    • Currently $16T in negative-yielding debt worldwide
    • This is a sign of risk aversion and fear from investors, willing to lose money to lower risk
    • Five central banks have interest rates set below zero:
    • Japan: -0.10%
    • Sweden: -0.30%
    • European Central Bank: -0.40%
    • Denmark: -0.70%
    • Switzerland: -0.80%
    • Germany recently issued world's first 30yr zero-coupon bond, flopped and sold less than half issued
    • Theres also the fear that near zero or negative rates limit ability to respond to recession
    • Top 10 coins now vs The day we started the podcast - B
    • When we started - BTC, XRP, ETH, BCH, ADA, NEM, LTC, TRON, XLM, IOTA
    • Now - BTC, ETH, XRP, TETHER, BCH, LTC, EOS, BNB, BSV, XLM.
    • Notes - ETH passed XRP by a pretty substantial margin.
    • Tether was 37th Overall market Cap back then with 1.4B, and is now 4B strong. Jesus.
    • Cardano :(
    • Tron Sorry Adam
    • BNB was barely even around, and was down all the way at 31.
    • NEM has fallen substantially, but I didn't keep up as to why.
    • China sets up national committee for blockchain standards A
    • China has launched a national standards committee for blockchain technology in a bid to drive “high-tech innovation” in the area. The committee has been set up and will be run by the Standardization Administration of China (SAC), which coordinates standardization work across the country.
    • “help high-tech innovation”, “promote high-levels of openness” and “lead high-quality development.”
    • “establish and improve the standards system of relevant fields, and formulate forward-looking, high-quality standards that are leading, systematic and rigorous.”
    • The news comes as cryptocurrencies were recently branded “illegal Ponzi schemes” and “financial fraud” by a television program on Chinese state-run channel CCTV-1. As Decrypt reported, Chinese current affairs show Focus Report said 102 cryptocurrencies were scam “pyramid schemes” while calling over 755 tokens “air coins” and “money-grabbing schemes.”

    Crypto Around the World

    • In Wargames run by Harvard, North Korea was able to use the digital Yuan to circumvent US Sanctions. B
    • This was essentially a high level roleplay from a group of former high ranking US officials and takes place in 2021.
    • In the game North Korea had just completed a missile test, and they got all their materials with the Yuan.
    • They talk about the need to weaponize the US dollar, and the digital Yuan hurting that ability.
    • The overarching theme was that the digital currency landscape will probably have a weakening affect on the US enforcing their sanctions.
    • All of this centers around SWIFT, and in order to push the adoption of another option North Korean hackers in the example were able to steal $3b from the SWIFT messaging system to promote it instability.
    • was a cool exercise, and we've linked to the 1.5 hour video.
    • German Bank Goes Negative - K
    • According to multiple local press outlets including the Süddeutsche Zeitung
    • VRF Bank in Northern Bavaria now charging 0.5% negative interest rates on small deposits
    • This is because of the cost for the bank to park money at European Central Bank
    • Before only deposits above 100,000
    • Just take a time out to think about this, inflation aside we are losing right away by saving
    Episode 212 - Brave 1.0 is released, Samsung blockchain is released, CEO of CoinUp... won't really be released anytime soon. Nov 15, 2019

    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 Fire
    • Brave 1.0 has been released
    • Iphone 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 Policy
    • 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
    • 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
    • Iran Offering Bounties For Illicit Mining Operations
    • 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.
    • 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 crypto
    • It will be launched on McafeeDex.com, his own exchange lol.
    • Was BTC manipulated to reach its historic highs? -K
    • Peer-reviewed study "Is Bitcoin Really Untethered) by UTexas John Griffin, and Ohio state U Amin Shams
    • Bitfinex 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 exchange
    • 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
    • Bitfinex 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 imo
    • History of Bitfinex and Tether (black brant shoutout) highlights
    • 2016 Bitfinex loses 120k btc ($70m), becomes insolvent, just takes 36% from everyone, and they got BFX token, tracking $ denominated loses
    • Not Coinbase after threatning to sue allegedly
    • BFX tanks, Bitfinex offers to redeem for equity in the company, conveniently at $1 per share. Then they repurchased them at $1
    • They were banking through Taiwan, those banks dont have access to US financial system
    • So they were using Wells Fargo as intermediary
    • Wells Fargo announced they would no longer clear USD wires to/from Bitfinex
    • Bitfnx sues, unsuccessfully.
    • When they lost banking, there were $55m Tether, now $4b
    • They finally got accepted by Noble Bank in PR
    • 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
    • But Tether lead a $2m Series A investment in Noble
    • Tether deposits hundreds of millions, people figure out who and why, kills Noble Bank, they move to Deltec Bank
    • So bitfinex was using a company called CryptoCapital Corp
    • Appears to be a money laundering operation
    • 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
    • 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.
    • Reginald Fowler, CCC's principal architext, was skimming 10% of all the deposits
    • Dude invested $25m on Alliance of American Football, which crashed
    • In 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 ensued
    • Accuses them of using Bitfinex deposits to slowly rebalance that gap ($2.1b on hand is 74% of outstanding
    • Fowler has been arrested in the US. Ivan Manuel Molina (President) extradited from Greece to Poland on suspicion of money laundering for drug cartels
    • Samsung block chain has officially launched. - B
    • First 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 Play
    • From the YT Video's Top comments
    • Jesus christ i dont understand a single comment on this video
    • Now 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 - K
    • This according to a WSJ report
    • Michael Terpin, hit on Jan 7, 2018
    • 1500 BTC stolen near peak, here's how
    • They took control of phone number and used forgot psswd to get email access
    • They 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&T, like asking for 6 digit pin to make changes
    • He also switched from text authentication to Google authentication
    • 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.
    • The hackers were able to cobble the code together once they hijacked his phone and wormed into his email
    • Apparently a lot of young kids, one was a valedictorian, got caught cuz one police department showed interest
    • Terpin suing AT&T for 224m (200 punitive) for negligence, trying to get them to change this
    • ATT tried to dismiss but a July judge ruled suit can move forward
    • Random, turns out someone else is suing ATT for the same thingCalifornia Blockchain Entrepeneur Seth Shapiro
    • 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
    • alleged that he is currently in possession of chat logs that clearly show the AT&T employees and hackers discussing their plans to use the stolen funds to acquire their dream cars and other valuable objects
    • This guy had also asked ATT to prioritize his call and account because he was high risk
    • Someone is fucking with EOS -B
    • There'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 SCAM

    • Be careful what you wish for: the first Cardano copycat emerges
    • Funny title because Hoskinson joked about making it when we saw Cardano Cash and Cardano vision
    • Cardano Gold emerges, scam
    • frequent spelling mistakes and number errors on the project’s homepage
    • "as seen in...." bestcoins, coinhills, foxico, olink..... all fake lol
    • Lists advisor, who says hes unaffiliated
    • CEO of South Korean exchange, CoinUp, receives 16 years in prison
    • Mr. 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. LOL
    • 1930777613_7j3Wq6Ce_rrrrr.jpg
    • Rants
    • Funny 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 craze
    • Electrify.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.


    Episode 211 - China goes bullish on blockchain, Uber Money is a thing, and.. happy birthday Bitcoin! Nov 02, 2019

    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, & 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&D
        • and in a wider goal, demanded deep integration with other information technologies , including AI, big data, & 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.

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    Episode 210 - Google's quantum supremacy, Zuckerberg testifies, and the CryptoBasic community gets attacked. Oct 26, 2019

    Welcome to another Flagship Friday, where we discuss the most important happenings in the crypto community weekly!

    Today we're talking a lot about what the big ol' giants have been up to, with Google's quantum computer running big ol' data pretty quickly, and Facebook's Mark Zuckerberg doing a big ol' testimony for like, what, the billionth time? Also, we're taking a look at a... questionable feature of the Lightning Network and talking about something very unfortunate that happened to the CryptoBasic community last week - we got attacked by scammers.

    Dive into the cryptoverse with us on this week's Flagship Friday.

    • Rapid Fire
      • [Ripple Adds Four Members to Regulatory Team, Joins Blockchain Association](Ripple Adds Four Members to Regulatory Team, Joins Blockchain Association)
        • Including Treasury Department experience, and CFTC Senior Advisors
    • Bakkt Follows Up Record Volume With Another Forecasted All-Time High
      • Yes, maybe in the short term a lot of the volume is shorting BTC but that doesn't really matter. What matters is the institutional money is starting to flow in.
      • Wednesday 640 traded contracts (new ATH). Day before was 85 lol. Previous record was 224.
      • Institutional investors made long positions of over 1k BTC in October, up from 500 BTC the previous month.
    • Bakkt To Launch Options Trading in December
      • Dec 9th launch and fully regulated and approved by its backer, The Intercontinental Exchange and the CFTC, the governing agency on derivatives.
      • Hopes to bring trust and utility to digital assets
    • Boris Johnson has pledged to deliver Brexit by October 31st. $10k has been put on Brexit not happening by the end of the month on the Augur platform. Only 5% on it actually happening.
      • Augur is a decentralized prediction market that depends on "wisdow of crowds" and has been pretty on point thus far.. Predicted Dems taking the house, price of BTC above 4k October 22nd, Justin Trudeau winning Canada reelection, etc.
    • What's an atomic swap?
      • Binance Academy posted an article explaining what an atomic swap is. Basically it allows two different cryptocurrencies to be exchanged quickly. You can trade them directly from your personal wallets.
      • Essentially peer to peer trades across different blockchains.
      • This allows for users more security by not having to put it on a third party exchange and also cuts one step out for most alt coins by not having to convert it into one of the bigger coins like BTC or Eth to then convert it to the coin you wanted initially.

    • (Zuckerberg Testifies) -K

      • House Financial services committee
      • Now positioning Libra as a reaction to China's plan to release a similar cryptocurrency
        • Before it was about it being international, here playing to US lawmakers
        • "Libra will be backed mostly by dollars and I believe it will extend America’s financial leadership,”
      • Apparently 4 lawmakers had sent letters to members asking not to participate (maybe why we saw mass exodus)
      • FB also distinguished LIbra from their wallet, and clarified "Facebook’s intention not to sell data about Calibra wallet users to third parties"
        • "if america doesnt lead on this others will"
      • Friday, October 19, three new bills were introduced aimed at undermining Facebook’s efforts
        • Keeping Big Tech Out of Finance Act
        • “Stablecoins are Securities” bill (would affect a ton of exchanges)
        • “To Prohibit The Listing of Certain Securities,”
          • appears to seek to prevent stablecoins like libra from entering the capital markets space

    • User Loses 4 BTC in Lightning Network - B

      So this is pretty complicated, but user ZipoTim from reddit posted that he has lost 4 BTC from the lightning network.

      So this is super complicated, but basically here's how this works. If you ever upload an old version of a transaction, the "penalty" is to let the other user keep all of the funds from the lightning channel.

      This is to prevent double spend on the lightning network, since there's no consensus lightning algorithm, there is an exploit where you could send a transaction through the LN, and then send an old version of your LN Node, but with a force close transaction listed before the sent amount gets processed.

      For this reason, LN operators are told not to keep backups, but that's completely counter-intuitive to sys admin as I understand it.

      The user claims there was a power outage so their timestamp was affected?

      So I guess there's still a real possibility he was trying to do something shady and it backfired. He was using the LN to run some sort of online Gambling business. Apparently he sold his apartment for 4 BTC, and lives in Bulgaria.

      Apparently some of the money didn't belong to him.

      This seems like there may have actually been malicious intent here to me - but at the same time it seems really easy to lose a ton accidentally.

      r/Bitcoin labeled the post with reckless flair. Classy.

    • Google’s ‘Quantum Supremacy’: A Surprising Potential Application - K

      • So one critique of Googles "quantum supremacy" is that its not very useful yet
        • What is Quantum supremacy?
          • Wikipedia - the potential ability of devices to solve problems that classical computers practically cannot.
          • to perform a single calculation that no conventional computer, even the biggest supercomputer, can perform in a reasonable amount of time.
        • What google achieved again was
          • Calculatin whether the output of an rng algorithm was truly random
          • Googles Quantum computer did this in 3m 20sec
          • According to the paper the IBM Summit-3, most powerful commercially-available computer would take about 10,000 years
            • Peak Speed is 200,000 teraflops
            • Equivalent in human terms = 6.3b people, all make a calculation at the same time, every second, for a year = 1 second of Summit-3
      • Google's research could lead to improvements behind proof-of-stake cyptocurrencies
        • POS entails random selection of nodes to become validators
        • So the obvious question is how to ensure node selection is truly random
        • Even this calculation could add security and piece of mind to tons of clients, like ensuring dice arent loaded
        • They do quote a Mathematician from California Davis saying its overkill
          • but concedes he could be wrong and respects certified randomness as complex

    • Bullish or Bullshit - Ex-CFTC Chair Says Trump Admin Popped BTC Bubble in 2017 - A

      • Christian Giancarlo, the former CFTC chair who left in April after a five year term gave CoinDesk an interview earlier this week.
      • Direct quote: “One of the untold stories of the past few years is that the CFTC, the Treasury, the SEC and the [National Economic Council] director at the time, Gary Cohn, believed that the launch of bitcoin futures would have the impact of popping the bitcoin bubble. And it worked.”
      • Futures were announced Dec. 1 2017 on Chicago Mercantile Exchange (CME) and the CBOE Futures Exchange and went live on Dec. 18th 2017.
      • Direct quote: “We saw a bubble building and we thought the best way to address it was to allow the market to interact with it,”
      • Direct quote:

      “If you do believe it’s a ridiculous price but you don’t own, there’s no way to express that view,” Giancarlo told CoinDesk, adding:

      “If you don’t have that derivative, then all you’ve got are believers [and] it’s a believers’ market.”

      • Giancarlo believes that permitting bitcoin futures in 2017 helped keep the market free and he believed that it showed the power of markets to bring discipline to prices.

    • The average life expectancy for a fiat currency is 27 years.? - K

      • Blog post by John Paul Koning exploring this often referred figure
      • Starts tracing claim back from advertising, some books (particularly from Gold proponents) finally to a guy named Matt Hewitt (since removed)
      • He did do some math
        • counted 176 currencies that are still in circulation, and 599 that aren’t.
        • 27 years is the average lifespan, if you dont count the 176
      • Also out of the 599 they didnt just explode, mostly deliberately replaced
        • For example Dutch gulder, French franc, and Italian lira were swapped for new monetary unit - Euro. Currency holder were fairly compensated
        • When Kenya, Tanzania, & Uganada separated from East African Currency Board they created new currencies, citizens could exchange EA shillings for new currency

    THAT'S A SCAM

    • Former NBA Player defrauds $825k in Bitcoin scam

      • Isaac Austin, former NBA player, who retired in 2004 was a trustee for his own BTC trading company. Managed to get a Ghanaian firm to hand over $11,000 per BTC. $800k was transferred to his account from the firm and has yet to be touched. Claimed he would pay back investments and then some at close of trading.
      • The victim says Austin gave a whole raft of excuses including; that he’d suffered a heart attack, transferred coins to the wrong wallet, was in queues at banks, and that banks were holding the funds.

    • Our Scam - B

      • "Do yo know anyone who is selling ETH or that has it? I left my ledger at the office and am meeting a client, I went on btcpop but they want to charge me 27% to borrow it for an hour till I'm back and that's insane " - Scumbag Scammer .
      • He was able to clone mt 4 digit number on my discord ID and make his name similar, then he cropped my user picture.
      • There were a bunch of red flags that unfortunately didn't end up stopping Tony. The caller ID came up as someone other than me (won't name the name because I suspect it's spoofed).
      • Tony asked for voice verification and the scammer dodged.
      • Said he had 4000 BTC so he didn't need to rob.
      • Said something about using his iPhone
      • After making excuses he dais that Adam would send him a discord message, and made a new account with Adam's name.

    Please join the conversation in the Discord. We're in there all the time.

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    Episode 209 - Telegram's in trouble, Libra gets ghosted, and more. Oct 19, 2019

    Another week, another Flagship!

    This week, the CryptoBasic Avengers have assembled to talk shit about big tech. The roasting session begins with Telegram and ends with Libra, given the fact that all bullshit leads to the Big Zucc. Additionally, Epic Games is starting to get its feet wet with crypto and eToro is making... interesting strides in the world of bot trading. All of the above and more on today's episode, so tune in!

    Dive into the cryptoverse with us on this week's Flagship Friday.

    • Rapid Fire
      • Crypto Question Added to 1040 Form for 2019.
      • $550M Worth of ETH is locked up in various DeFi Solutions at the moment
      • Satoshi is officially a word in the Oxford Dictionary
        • Oxford added 650 words to the their English dictionary and one of them was Satoshi. "The smallest monetary unit in the Bitcoin digital payment system, equal to one hundred millionth of a bitcoin.
        • Bitcoin was added in 2013.
        • Other words added were whatevs and chillax lol
      • Bitcoin Mining Revenue Jumps By $1bil in 2 months
        • Took 8 years to reach $5 billion revenue,
        • One year after that it reached $10 billion in August 2018
        • And now it's about to eclipse $15bill in early 2020.
      • Booking.com Latest Firm To Drop Out Of Libra
        • Booking.com left on Monday of this week and now 21 of it's original 28 backers are still there. Seven backers have all left within the past week.
        • Happened on the same day FB was in Geneva with all the other companies formally signing on.

    • Telegram In Hot Water With The SEC

      • SEC has formally instructed Telegram Group to halt the sales of cryptocurrency Gram
        • "filed an emergency action and obtained temporary restraining order against two offshore entities"
      • Why? - "conducting an alleged unregistered, ongoing digital token offering in the U.S. and overseas"
        • Remember they raised $1.7 billion
      • So by failing to register the sale of tokens back in Jan 2018, which are considered securities, they are in violation of the Securities Act of 1933
      • “Our emergency action today is intended to prevent Telegram from flooding the US markets with digital tokens that we allege were unlawfully sold,”
        • failed to provide investors with info regarding business operations, financial condition, risk factors, & management
      • And remember this quote from a NYT article we covered a few weeks ago on the show
        • "Telegram promised in legal documents that it would deliver Grams to investors by Oct. 31, 2019, or give back the money."
        • Making matters worse, violation of Securities Act may mean Telegram has to forfeit the $1.7b it raised
        • “We have repeatedly stated that issuers cannot avoid the federal securities laws just by labeling their product a cryptocurrency or a digital token,”
      • So what are they going to do?
        • Telegram Looks to Cut Deal With TON Blockchain Investors After SEC Order
        • They notified investors that the TON project will launch later, to April 30 2020
        • From an email to investors
          • "We disagree with the SEC’s legal position and intend to vigorously defend the lawsuit. We are proposing to extend the deadline date in order to provide additional time to resolve the SEC’s lawsuit and work with other governmental authorities in advance of the launch of the TON network.”
        • The investors (token holders) have to agree to delay, and there are two groups (2 rounds of investing)
        • 2nd round investors have till Oct 23 to sign & approve, If investors choose not to sign they can get back approximately 77% of their money. 1st round investors got different communication
        • Court hearing scheduled for Oct 24

    • Libra Time! Like we said last week, I guess Libra gets its own section.

      • Booking.com has dropped out of the Libra foundation.
      • Mercado Pago drops out of the Libra foundation
      • Ebay has dropped out of the Facebook Libra foundation.
      • Stripe has dropped out of Facebook Libra foundation.
      • Visa has dropped out of Facebook Libra foundation
      • Mastercard has dropped out of Libra Foundation
      • Warren Davidson - US Senator (R)-Ohio: Facebook should drop the Libra project and Adopt Bitcoin.

    • NANO has released a plugin for Unreal Engine .

      • Tons of game son this engine - Assassin's Creed, Batman games, Borderlands, literally hundreds of games.
      • I checked out the Demo, it was super cool. The game had a real time wallet transaction list. You paid to join the game in Nano, and then every monster you killed earned you nano in real time, transferred to your wallet as soon as you killed the monster.
      • Then you could spend nano to buy items in the game.
      • Imagine a Fortnite or other battle royale game where you spent a little money to join, and first place got it all.
      • A reddit user pointed out 0 spending $500 and give them their allowance there.

    • CFTC Chairman gives opinion on Ether

      • CFTC Chairman Heath Tarbert has said ether is a commodity
      • Speaking to Yahoo Finance he made the following statement
        • “We’ve been very clear on bitcoin: bitcoin is a commodity. We haven’t said anything about ether – until now, It is my view as chairman of the CFTC that ether is a commodity.”
      • Concerning currencies created by hard forks
        • “It stands to reason that similar assets should be treated similarly. If the underlying asset, the original digital asset, hasn’t been determined to be a security and is therefore a commodity, most likely the forked asset will be the same. Unless the fork itself raises some securities law issues under that classic Howey Test.”

    • eToro Launches a Crypto Trading Bot that is 100% Based on Twitter sentiment.

      • I hate that this thing might work.

      • It uses an AI to scrap Twitter for sentiment on crypto assets and allocates the portfolio accordingly.

      • Requires a $2k min investment.

      • It's in partnership with the TIE Data Analysis firm.

      • Current Allocations

        • DONT OPEN

          47% DASH

          25% EOS

          21% XRP

          5% IOTA

          2% ETC

      • I was a little bit disingenuous - There are only 13 monitored assets.

        BTC, ETH, XRP, IOTA, BCH, NEO, ETC, DASH, EOS, XLM, LTC, ZEC, ADA

      • They've also said they're eliminating 90% of all posts because they believe they come from bots. HOLY SHIT.

      • They also have to program the AI to figure out if EOS referrs to, say, the EOS blockchain or the EOS camera.

      • They said they know there's a ton of XRP shills out there, for instance, pushing an XRP tweetstorm every day, but they compare it to the previous day to make any decisions on allocation

    THAT'S A SCAM

    • S Korea/US bust giant child porn site by following bitcoin trail (Maybe it's not a scam but thought it should go here)
      • SK man arrested, 337 others charged in global sweep
      • rescued 23 victims since march 2018
      • Jong Woo Son, 23, operated a Darknet market that accepted Bitcoin and distributed more than 1mill sexually explicit videos involving children. Serving 18 months in prison in SK. Seems low.
      • “Our agency’s ability to analyze the blockchain and de-anonymize Bitcoin transactions allowed for the identification of hundreds of predators around the world,” Fort said. “The scale of this crime is eye-popping and sickening.”
      • IRS Criminal Investigation Division also claimed credit. Don Fort, chief of the division
    • Shots Fired!
      • Tone Vays was on a Panel with CSW and he showed up wearing a shirt that said "We are all Satoshi Nakamoto - Except Craig S. Wright".
      • The panel was actually amazing they all hated each other. Watch it here.
    Emergency Podcast - Scammers Impersonating Us Oct 18, 2019

    There are scammers out there impersonating us in the Discord arena, we need your help to find them if you can.

    Episode 208 - How is Gods Unchained standing up to China? What did the IRS just do for US Investors? Also some poker content. Oct 13, 2019
    • Rapid Fire
      • UNICEF launches crypto fund
        • UNICEF can now receive, hold, and disperse donations of ether and bitcoin cryptocurrencies. Funding open source technology benefiting children and young people around the world
      • Median US Income by year in BTC
      • Vitalik Buterin claimed that Ethereum will be more secure than Bitcoin after it moves to proof of stake over the next few years.
        • POS introduces a system where validators can be questioned. So you can challenge a block for being illegitimate .
        • "This is how the blockchain becomes more expensive to attack. If someone wants to really bring the network down, they would have to create a lot of malicious blocks. To do so, they would have to stump up a huge amount of ether as collateral—which they would lose if challenged. This makes a major attack much more expensive to run, which Buterin claimed, would be an improvement on proof of work."
      • McAfee started a decentralized "no restrictions" crypto exchange.
        • Called the McAfee DEX, completely decentralized crypto exchange running on the Ethereum blockchain.
        • no KYC, opened in Beta, only ERC=20s. Nothing on the exchange will ever be monitored, recorded, or restricted.

    • Hearthstone Player Blitzchung speaks out and gets banned by Blizzard. Gods Unchained responds with an invite to $500k tournament

      Update: Gods Unchained hit by cyberattacks after speaking out

      • Earlier this week Hearthstone player, Blitzchung, spoke out against Hong Kong in a Twitch interview saying "Liberate Hong Kong, revolution of our age!" in a gas mask. Blizzard then removed him from the Hearthstone Grand Masters tournament taking away his prize money ($10,000) and effectively banning him from future tournaments. Tencent, a Chinese conglomerate has a large stake in Activision/Blizzard
      • Gods Unchained reaches out and says they will reimburse his lost winnings plus invite him to their upcoming $500k tournament. Went on to say that Blizzard will exploit their players if it is in their immediate financial interest. And how Gods Unchained has built uncensorable items with an open economy and market.

    • IRS FAQ on Virtual Currency Transaction

      • It's being treated as property for general tax purposes.
      • You must recognize capital gains or losses on Virtual currency sales
      • If you held it for 1 year or less you pay via short term, and 1 year or more it's long term capital gains. This starts the day after it was received.
      • They are basing gain or loss on USD.
      • You get to include all fees you get charged while acquiring the currency in value. It's unclear if you get to claim network fees here, but it sounds like you can.
      • Getting paid in Virtual Currency is income. Paying someone in Virtual currency means you have to recognize your gain or loss on that.
      • They say a lot that you need to determine the fair market value of the currency based on the day you get it, but don't give any specific guidelines for doing it with regards to crypto.
      • If you DON'T receive coin through a hard fork you don't have income. If you DO get coins in a hard fork you do have income. Soft forks produce no value.
      • Hard forks are considered ordinary income, not capital gains, again based on fair market value when it happens. This is going to be wildly hard to track - but you are supposed to base it on the day that you can actually sell it / transfer it
      • If you get paid / goods / or whatever for a currency with no market value you have to base its value on the goods you got.
      • Gifts are not taxable income, but have a value placed on them when you get them.
      • Donations don't recognize gain/loss and do count as donations based on fair market value.
      • Transfers between your own wallets do not cause realization of gains.
      • Doesn't make sense in current form

      Problems the community has noticed:

      • The rules on hard forks are a little unclear.
      • Someone could theoretically hard fork you into a massive tax liability as an attack.
      • They determine that having the public / private keys is enough to determine ownership, so as long as I send that to the person I attack I guess I can make them get taxed?

    • Is Ethereum legal?

      • In a talk at DevCon5, Vlad Zamfir gave a warning about Ethereum. Developers need to start thinking about it's legal status, rather than hoping it is so disruptive governments are forced to accept it.
      • "Ethereum was born into a counter-cultural movement, a cypherpunk movement. In Ethereum, we went much farther than Bitcoin and said we didn't just want to do this for money, but for everything."
      • The issue is smart contracts are basically an esoteric legal form, marked as understood as legal contracts. He went on to ask "how does our anti-legal revolution react with the established legal order?"
      • He is posing this question that is important. If blockchain creators keep acting brazenly with no respect for the law, it will provoke a reaction from the governments.
      • Three scenarios: Ethereum gets co-opted, regulated, or competed out of existence. Governments could create a centralized system that runs electronic contracts, making payments happen automatically. Could be faster and cheaper and more tempting to businesses
      • He then closes the talk saying "we (ethereum) are pretty disruptive and it's inevitably going to come to a head. What we're doing is too radical and revolutionary for the established legal order to ignore"

    • More problems for Libra

      • Mark Zuckerberg To Testify Before Congress on Facebook's Libra Cryptocurrency
        • House Financial Committee will be meeting with Zuck(Bucks) Oct 23rd.
        • The hearing is tentatively called "An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors"
      • Paypal doesn't show up for a meeting on Libra, and then quits the Libra foundation.
        • Facebook had a meeting about regulation pressure.
        • 27/28 people that signed up showed up for the meeting.
      • Tim Apple slams Libra as a power grab.
        • “No. I really think that a currency should stay in the hands of countries. I’m not comfortable with the idea of a private group setting up a competing currency,” Cook told the publication in an interview published today. “A private company shouldn’t be looking to gain power this way.”
    Episode 207: Libra Faces Opposition, Coinbase and more rate cryptos, and yet another huge scam. Oct 06, 2019

    This week the team talks about cryptocurrency news regarding Libra, scams and more.

    • Rapid Fire
      • IKEA just allowed an invoice to be paid via the Ethereum blockchain (This was a stablecoin of some kind)
      • BlockOne was fined 24M by the SEC.
      • Siacoin only had to pay 225k
      • CEO of Beaxy Exchange disappears, looks like they're insolvent.
    • (Crypto Exchanges Creating a Token Rating System)
      • Coinbase Blog - "Introducing the Crypto Rating Council"
        • Create system that rates tokens on how close they are to a security
        • "Although the U.S SEC has issued helpful guidance...
          • Analysis requires fact-intensive analysis by knowledgeable experts
          • Analysis is difficult, expensive, and will lead to judgement calls & disagreements
        • So Coinbase brought together industry leaders, securities law experts to create
          • "a scalable, points-based rating system centered around a set of several dozen, yes / no factual questions."
          • Question derived directly from SEC guidance and case law
          • They say they focused on "objective, repeatable, fact-driven questions"
        • Council Members
          • Anchorage
            • Part of the Libra association
            • Basically a crypto vault were transactions are validated by Quorum
            • No usernames/passwords/phonenumbers nothing a hacker could use or get
            • "clients whitelist devices held by their employees, who use the Anchorage app to submit transactions. You’d propose selling $10 million worth of Bitcoin or transferring it to someone else as payment, and a minimum of two-thirds of your designated co-workers would need to concur to form a quorum that approves the transfer."
            • Also uses behavioral analysis, biometric signals, network signals. Its human AI mix
          • Bittrex
          • Circle
          • Coinbase
          • DRW Cumberland
          • Genesis
          • Grayscale Investments
          • Kraken
        • Scores range between 1 and 5 (5 being most like a security)
        • Expected to change over time, and open to feedback
        • Crypto Rating Council
          • Bitcoin - 1.0
            • Absence of a marketed token sale & marketing efforts
            • decentralized development and usage
            • Anonymity of the Project Team
            • Litecoin, Monero
          • Ethereum - 2.0
            • Current functionality of the platform
            • Absence of investment-like language or marketing
            • Decentralized development and usage
            • Zcash
          • EOS - 3.75
            • Absence of investment-like language or marketing
            • Current functionality of the platform
            • Raised funds in excess of what would reasonably be necessary for development of the platform
            • Decentraland, Hedera Hashgraph, Loom Network, Stellar, Tezos
          • XRP - 4.0
            • Usage of securities-like language
            • Sale of tokens or token interests prior to the existence of token utility
            • Marketing of the token suggesting an opportunity to earn profits
            • Decentralized development and usage
            • CEO of Ripple has said its pretty clear XRP is not a security

    • Ohio is no longer accepting BitPay

    • (Libra Update, Thing Looking....Not Great)
      • We know there's been tons of official opposition
        • Federal Reserve, Treasury Department
        • House and Senate banking Committes, EU antitrust officials,
        • Indian and Chinese officials, and French straight out said they'd stop it
      • WSJ Report Tuesday that
        • Visa, Mastercard, and “other financial partners that signed on to help build and maintain the Libra payments network” are now reconsidering whether they should remain involved.
        • Apparently FB been asking them to help and show support, and they are declining
        • "Their reluctance has Facebook scrambling to keep Libra on track."
      • Prior August reporting said Libra partners were wary that pushing Libra would "attract broader regulatory scrutiny of their activities"
        • Lo and behold, DOJ requested Visa, Mastercard, Stripe & PayPal to provide a "complete overview of their money-laundering compliance programs and how Libra will fit into them.”
      • Here's the rub
        • None of the 28 association members have committed beyond nonbinding letters
        • The $10 million that FB asked for each member for development? No one has paid it
      • Multiple flanks
        • FB facing heat from DOJ opening an antitrust investgation. Also the FTC and multiple states, like multiple
          • Led by NY AG, but Colorado, Florida, Iowa, Nebraska, NC, Ohio, Tennessee, and DC involved
        • Federal investigation getting cooperation from Snapchat
          • Legal team for years kept a dossier of "ways that the company felt FB was trying to thwart competition"
          • The tile of the documents....Project Voldemort
            • Allege things like Instagram effectively barred users from linking to their Snapchat profiles in their bios.
            • Also that Snapchat content was prevented from trending on the platform
            • Supressed search results of snap-related searches
        • But apparently FTC has contacted "dozens of tech executives and app developers”
        • Investigators also looking into Onavo
          • VPN FB bought in 2013
          • Later pressured into shutting it down amid reports it was sucking up lots of data about user app usage
          • Its apparently this data that clued them in on WhatsApp posing a potential threat, and pushing them to buy it
          • They were also using Onavo to monitor how people used Snapchat, how many snaps a day they sent

    THAT'S A SCAM

    • Fair Win Story
      • What is fair win? Well shit I might as well let them tell you word for word - Blockchain + gambling, blockchain + game, establish industry standard interface, 70% income anti-subsidy investor players.
      • So this is being listed as a $150M Ponzi Scheme. Posted about on medium by Philippe Castonguay
      • First red flag - the team consisted of a famous piano player (Dang Thai Son) and an instagram influencer's (Jessica Vu) pictures.
      • Dude found typos and bugs all over the contract.
      • He also found that the contract had been drained for 2600 ETH once on 7/27 with an old exploit.
      • He then finds an exploit where you can essentially swap out an invite code and steal ETH from depositors to the contract.
      • They got a group together to decide what to do and exposed the scam last week.
      • And of course as soon as they announced the problem, team drained the accounts.
    Episode 206 - Justin Sun invites the big dogs to eat, Telegram's doing stealthy crypto moves and 640 crypto projects get EXPOSED. Sep 27, 2019

    Another week, another flagship. This time, all 3 of the guys are on the show, as Brent's sniffles have subsided and he's pumped up to talk crypto with the crew. Today we go over how Kik's ditching its messaging service to focus on crypto, how Telegram is about to bamboozle libra, as well as the entire crypto space, in the most cool-guys-don't-look-at-explosions way possible, and we're taking a look at 640 crypto projects that haven't pubished a single line of code in over a YEAR. We also (lightly) touch on the price of bitcoin (so that it doesn't trip and fall further down) and we answer a mailbag question concerning halvenings asked by yours truly, America's favourite editor, Jason.

    Dive into the cryptoverse with us on this week's Flagship Friday.

    • Rapid Fire

      • https://www.binance.us/?ref=35015918

      • Kik is Killing it Messaging App to Focus on Crypto

      • Blockchain Transparency Institute says Kraken and Coinbase have clean trading volumes.

        • In the same report they revealed that 73% of exchanges are faking 90% of their volume.

      • Facebook Libra is pushing it's release date back

        • Zuck has refused to commit to the planned 2020 launch date. Bogged down by regulators saying it poses a risk to financial stability and could be used in financial crimes and a threat to sovereign currencies.
        • Zuck posted on FB that FB is taking a more cautious approach bringing forward projects that are "sensitive to society" and allowing a period of consultation and "working thru the issues" Kumbaya

      • Bitcoin Lightning Network hits 10k nodes.

        • 3.1% increase over last 30 days.
        • Unlike BTC network more nodes on Lightning Network will make it more efficient

    • Justin Sun seeks Andrew Yang’s attention

      • First off he did announce on Tuesday during a live stream that he's going to reschedule his lunch with Buffett "very soon"
        • of note which I hadn't realized - he had actually invited Trump
        • “Mr. President, you are misled by fake news. #Bitcoin & #Blockchain happens to be the best chance for US! I'd love to invite you to have lunch with crypto leaders along with @WarrenBuffett on July 25. I guarantee you after this lunch, nobody will know crypto more than you!”
      • Then he started making overtures at Yang
        • So apparently this started when Yang announced on debate that he was doing UBI pilot program
        • Yang’s initiative to UBI $1k to 10 ppl per mth for 1 yr, I'll pledge UBI $1k to 100 ppl per mth in 2020! I'll pick 1 to attend lunch w/ me & @WarrenBuffett 2020! I'll let Yang assist me in picking the lucky 100! Join us! #YANG2020 @AndrewYang
        • Mini rant - lots of ways to be and succeed, Credit where it is due. hate him still

    • Bakkt? Yes.

      • What is Bakkt?
      • Owned by ICE (Intercontinental Exchange), NYSE's parent company. Bitcoin futures exchange and digital assets platform opening 2018. Was planning on launching in 2018 but postponed it for a year due to volume of interest and regulatory issues.
      • Bakkt Launched a few days ago. This has been a hinge point for many people on whether institutions are going to go ballistic grabbing Bitcoin Futures contracts.
      • In less than 24 hours they did have $600k in contracts bought. That's actually kinda slow to me.
      • However, the price of Bitcoin went down.
      • Already scammers put up a fake website called BakktLaunch.com for an ETH and BTC giveaway lol

    • 640 Crypto Projects haven't published a single line of code this year

      • Based on a research of 2,000 startups by the Coincodecap project, 640 were completely inactive. (32%)
      • analysis of Coincodecap, which links exchange rate success with code commits, reveals that the assets belonging to the inactive projects have a market capitalization of $415 million.
        • Proton Token with more than $80 million in market cap didn’t push any code since 2018
        • One of the reasons for the weak activity is that creating a new blockchain project can be relatively simple, especially if the token is built over the Ethereum network.
      • Exchanges with most inactive projects
        • Crex24 - 30
        • Coin Exchange - 39
        • YoBit - 62

    • Google's Quantum Supremacy

      • We know Quantum computing is coming.
      • Google partnered with NASA to execute a Quantum computation.
      • They were able to produce exactly one calculation in 3 min 20 seconds that it would take the most advance supercomputer today (Summit) 10,000 years to complete.
      • Here's the tricky thing - this claim was made in a paper on NASA's site, and it was taken down.
      • What does this mean for crypto?
      • Well nothing new really, maybe some of these core dev teams need to work on quantum resistance sooner, but we know it's coming. The timeline, according to the Quantum Devs and big crypto names (charles, Andreas) ranges from 10 to 30 years to crack current encryption.
      • What we do know is that it won't be easy.

    • How Telegram quietly snuck its blockchain past regulators

      • Everyone is super mad at Libra, Congress, EU, everyone clamped down hard
      • Meanwhile, Telegram Open Network (TON)
        • POS network promising to integrate blockchain payments to...365m users...
        • By the end of October no less
      • Even though they raised $1.7B they barely acknowledged it much less talk about it
        • "On September 8, Telegram dumped half a million lines of code for TON, hundreds of pages of new documentation, and a beta"
      • Theres little time to figure out everything, but if they deliver on "high speed and decentralization", it will be the largest blockchain launch in history
      • Check out these quotes
        • German Central Bank - "We do not possess any specific information on TON. That's why we cannot comment on this app.”
        • European Central Bank - “It looks like another crypto experiment, not really an issue for regulators/ overseers at this stage,”
      • Of course TON Labs argues it has to do with the centralized vs decentralized nature of each
        • VP Pavel Prigolovko said "If there is one person who manages the payment system, it is this person who must comply with all the laws and regulations of the regulators, and if there is no central agent, then there is no one to present the requirements to,”
        • The main challenge will be to get enough tech savy Gram holders to become validators. (CryptoPeaStew shoutout and reminder UltimateNodes.io)
          • Supposedly they have developed industrial-grade solutions to run the validation process
      • They're also responding to concerns about Data storage & privacy in a simple way -
        • We dont collect or store data, its decentralized and public, so fully transparent. All transaction details will be public like on any other public ledger
      • Lastly some concerns over BlackMoon
        • exchange whose cofounder, Ilya Perekopsky, is Telegrams VP
        • Already said they will be one of the first to list Grams
    Episode 205 - EOS troubles brewing, N. Korea is all about that crypto, and finally... it's a bird! It's plane! It's the Federal Reserve! Sep 21, 2019

    Welcome once again to Flagship Friday! Although one day late, we're still calling it Flagship Friday to keep our tradition alive. Flagship Extended Weekend didn't sound all that nice.

    Tune in as Karim and Adam (Brent's got the sniffles :') dive into EOS and its latest scandal, talk about North Korea's crypto project and the Federal Reserve's intervention on the economy, along with some juicy commentary and rants by Karim, our in-house "important things" expert. So if you wanna hear Karim spit some fire preaching and Adam PASSIONATELY agreeing with him, put on your headphones and press play cause this episode is a feisty one.

    Dive into the cryptoverse with us on this week's Flagship Friday.

    • Rapid Fire

      • Netflix has an upcoming series on crypto. Altcoins to be exact. Will be interviewing Vitalik, Charles, and Da Hongfei (NEO)

      Alcoin Documentary Coming In Late 2019

      What To Expect From Netflix's Upcoming Crypto Series

      • EA tweets out “invest in Crypto”. New character in Apex Legends

      Electronic Arts on Twitter

      • Istanbul, the Ethereum mainnet update has a release date after most recent maintenance update. Istanbul is Ethereum’s long-debates hard fork. First update will be by in October or November and the second update will be 1Q 2020. That update will include ProgPoW (progressive proof of work)

      Ethereum reveals launch dates for testing Istanbul

      • J.P. Morgan's nlockchain-based network grows to over 330 banks. It's called the Interbank Information Network. Deutschbank is big players. They are using Quorum, a permissioned version of the Ethereum blockchain.

      J.P. Morgan's blockchain-based network grows to over 330 banks

      • Ethereum celebrates the end of August with more than 75 million unique addresses.

      [cryptoslate.com/ethereum-celebrates-successful-august-with-more-than-75-million-unique-addresses/](Ethereum Is Sweet)

      • Ethereum has had a steady rise Q1 of 2018. Basically looks like a 45 degree angle since then. Back in July of 2017 it was at roughly 2 million addresses.

    • Here Comes The Federal Reserve

      • overnight borrowing rates shot up, forcing the New York Federal Reserve to come to the rescue with a special operation aimed at easing stress in financial markets

        • First wanted to understand overnight rate

          • Amount of cash a bank has can fluctuate a lot based on daily activity, they can have shortage or surplus of cash at the end of the day.
          • Banks with surplus can lend money overnight to banks with shortages to maintain reserve requirements
          • Interest rate that large banks use to borrow and lend from one another.
          • This rate is targeted by the central bank, which is also a participant in the market (lending and borrowing)
          • Since this is the base borrowing rate it can be used as a predictor of short term rates for broader economy. Goes up when liquidity decreases

        • Fed target rate for July? Between 2% and 2.25%. On Monday it hit 5%, which was up from 2.29% previous week, it kept surging until 10% high on tuesday

        • Called an overnight repo operation, where Fed eases downward pressure on markets by purchasing treasuries and other securities

        • Managed to inject $53b into the system

        • One theory was for the stress is a large quarterly withdrawal by US companies to pay Taxes (estimated around $100b total)

        • On wednesday Fed had to pour an extra $75b, so $128b, getting rates to lower to 3% (still above target rate)

        • Bigger pic, we now have a $1 trillion federal deficit so Government borrowing has climbed (Tax revenue decreased because of tax cuts, but bipartisan surge in spending)

    • EOS Troubles Brewing

      https://www.coindesk.com/everyones-worst-fears-about-eos-are-proving-true?utm_source=twitter&utm_medium=coindesk&utm_term=&utm_content=&utm_campaign=Organic

      • A few weeks ago one of it's early supporters, EOS Tribe, a small company that participated in the launch of the first EOS chain called it quits as an EOS block producer. In a post made on Steemit Eugene Luzgin said "We at EOS Tribe have never participated in the game of vote trading and stayed true to our principles, and hence while we leave EOS as Block Producer, we are also free to speak truth and give warnings to the rest." WHOA. Shots fired!!
      • You guys covered in your EOS 101 how there were issues with governance and that it's pretty centralized. 21 block producers at any time that make governance decisions, establish consensus on the chain, and earn substantial rewards. This has always been a concern and now the most technically proficient BPs are receiving little to no rewards at all.
      • Luzgin called it a braindrain. What does he mean by that exactly?
      • Most of the BPs are in located in China
      • May 8th 2019 they burned $167 million in EOS for the worker proposal system, which was a way to fund EOS dapp development
      • EOS NY proposed an EOS user agreement which was adopted y 15 of the 21 BPs at the time but nothing against vote-buying was in the agreement
      • two forks already, Telos and Worbii. Telos has a token cap at 40k and number of innovations to ensure potential BPs actually serve. Worbii created with certain consumer protections and more of a focus on the financial industry.
      • not saying EOS is a sinking ship but touting themselves as the Ethereum killer is a bit much.

    Crypto Around the World

    • North Korea Is Building Its Own Bitcoin
    • Cubans flock to cryptocurrency to shop online, send funds

    THAT'S A SCAM

    • [https://decrypt.co/9379/sec-files-suit-against-icobox-founder-over-14-million-ico](ICOBox Gets Slapped With $14 Million Fine From SEC)
    Episode 204 - Binance does an oopsie, BTC transactions hit the billions, and our co-host is heartbroken. Sep 13, 2019

    The CryptoBasic crew is back from the dead!

    Last week Brent had the amazing idea of recording an episode while sitting on the passenger seat of his car and talking to the rest of us through his mobile data connection, all while recording NOT through an actual microphone, but an external recorder. This trainwreck of a sentence itself should be, I believe, enough explanation as to why last week's Flagship didn't happen. This week however, all's set to go and we're back at it again!

    Tune in to find out what's up with plagiarization accusations against Binance, learn about bitcoin hitting the ONE BILLION USD in a single transaction milestone, discover the true identity of Karim's CryptoBasicStalker, and find out why our co-host Adam Levy ditched this episode. Spoiler alert: he's got the heartache blues.

    Dive into the cryptoverse with us on this week's Flagship Friday.

    What have we released?

    Interview with Marius

    Interview with CryptoCanary

    • Rapid Fire
      • Russell Okung - Left Tackle for the Chargers - Changed his Twitter Handle to Pay me in Bitcoin
      • Substratum Officially Dead after raising 13.8M just a couple years ago - lays off last working engineer Dan Weibe
      • Burger King in Germany now accepts Bitcoin. Fanduel now accepts Bitcoin via BitPay.
      • [LINE Wins Japan License for Crypto Exchange](https://www.coindesk.com/messaging-giant-line-wins-japan-license-for-crypto-exchange-business)(https://www.coindesk.com/messaging-giant-line-wins-japan-license-for-crypto-exchange-business)
      • https://np.reddit.com/r/GirlsGoneBAT/
    • (Someone moved $1 billion in a single bitcoin transaction)
    • Bullish or Bullshit - Binance caught plagiarizing Bit Mex's Documentation on Futures?
    • (Trump demands Fed to cut interest rates to zero 'or less')

    Crypto Around the World

    • New Data Gives Insight Into How Iranians Use Bitcoin

    (+Mailbag Section!)

    Episode 203 - CryptoConvos: Marius Kramer of Emberfund.io Sep 02, 2019

    We're starting the week off with an exciting interview, as we've got Marius Kramer, number #1 writer on Quora for cryptocurrencies and fund manager on Emberfund! We talk all kinds of bitcoin, and of course, all kinds of shitcoin. Marius shares his insights on today's crypto market and its future, goes over his process of evaluating a project and -get this- goes over ALL of the top 300 coins. All of them. If your favourite kinda-red-flaggy coin is on his shit list... then you're probably gonna have to rethink your investments.

    Join Brent and Marius for a trip to the cryptoverse on this episode of the CryptoBasic Podcast!

    Check out Marius' page on Quora:

    https://www.quora.com/profile/Marius-Kramer

    Episode 202 - CryptoConvos: Kevin Ting of cryptocanary.app Sep 01, 2019

    On today's show, Brent is joined by Kevin Ting, co-founder of CryptoCanary, a website focused on consolidating opinions and reviews of various projects in the cryptocurrency/blockchain world, providing users with a community-driven platform for researching before investing. Kevin talks to us about how the platform works, what shapes a crypto project's rating, how they deal with "review-bombing" issues and inaccurate reviews and what the project's near future looks like. If you wanna know how your preferred shitcoin that "will be the next ethereum, bro, I swear" fares against the rest of the space, go to cryptocanary.app. Before you do that though, make sure to tune in to today's CryptoConvos episode!

    Links from the show:

    CryptoCanary's telegram channel: https://t.me/cryptocanaryapp/

    CryptoCanary's website: https://cryptocanary.app/?=cryptobasic

    Kevin Ting on Linkedin: https://linkedin.com/in/kevinhting/

    Quick diclaimer - we are not financial advisors. The CryptoBasic Podcast provides entertainment only. Every investment has inherent risk.

    Episode 201 - World's first crypto bank, Chinese government crypto, and Craig Wright gets owned in court?! Aug 30, 2019

    Any Flagship Friday is a happy Flagship Friday when we've got shit to talk about Craig Wright, scamlord extraordinaire, Satoshi Suck-a-moto, the douchebag to end all douchebags. And guess what: this is a happy Flagship Friday. :)

    So, JOIN US on this episode to listen to us talk shit about Craig Wright and discuss his defeat in court, something that we've been longing for for quite some time.

    Also, the wonderful People's Republic of China is making a step towards transparency and democracy with launching its own cryptocurrency! Maybe...! Does something smell fishy...?

    Anyway - on the side of good news, we're talking official crypto banks in Switzerland, crypto bird feeders and more!

    Dive into the cryptoverse with us on this week's Flagship Friday.

    ---

    Rapid Fire


    - Wikipedia is a verified Brave browser publisher. Considering they send emails out every year asking for donations, this is another great way to donate to Wikipedia. -https://twitter.com/batgrowth/status/1166228879444459521?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed&ref_url=https%3A%2F%2Fwww.notion.so%2Fcryptobasic%2FFlagship-Friday-8-30-19-11c48208b4f6492e8868966bbe44fb6c


    - Venezuelan pharmacy, Farmarket, has added Dash as a payment option in 22 locations.: https://dashnews.org/dash-integrated-into-venezuelan-pharmacy-chain-farmarket-with-22-locations/


    - US Air Force Partners With Constellation Blockchain Firm: https://www.coindesk.com/us-air-force-partners-with-blockchain-firm-to-automate-data-management

    - Interactive Bird Feeder With Crypto: https://www.youtube.com/watch?v=otpqipL3H8Q

    - Interactive Bird Feeder where for $0.50 USD you can feed the birds with BTC, LTC, Dogecoin or NANO. Birds that pop in are House Sparrows, Collared Doves, Great Tit, and Blue Tit.
    - Located in Slovakia.

    ---

    - Craig Wright Loses Case again Ira Kleinman
    - A Reporter named Katie Ananina was in the courtroom for the case and was live Tweeting it on Monday.
    - Wright's lawyers continue to argue Wright can't provide proof YET (remember he was moving the goalposts - this time to Jan 21, 2020)
    - They just kept begging for more time in different ways.
    - Kleinman family lawyer gets to recap all CSW lies, including the phrash "Dr. Wright is dishonest. He is a Serial Forger"
    - He even kinda quotes Twain - "The problem with not telling the truth is to remember the lies you previously said"
    - Finally the judge says this "Dr. Wright did not impress me as someone telling the truth. All of his testimonies have been rejected on this matter". Why isn't that perjury?
    - 50% of all patents are given to Dave's estate. 50% of all the supposed BTC is ordered paid as well, which is about 480K BTC.

    https://twitter.com/PeterMcCormack/status/1166086602441068544?s=20

    https://twitter.com/PeterMcCormack/status/1166086602441068544?s=20

    ---

    - Alleged Capital One Hacker Accused of Secretly Mining Cryptocurrency: https://cointelegraph.com/news/alleged-capital-one-hacker-accused-of-secretly-mining-cryptocurrency


    - individual accused of perpetrating a massive-scale hack of credit card issuer Capital One
    - hacked cloud customers’ servers to mine cryptocurrency for herself.
    - Exploited the fact that some people misconfigured the webapp firewalls on the servers they rented
    - Online she posted that “if I had a partner I could have them take over my crypto-jacking enterprise and be a stay at home.”
    - Thompson allegedly gained access to 140,000 Social Security numbers, 1 million Canadian Social Insurance numbers and 80,000 bank account numbers, as well as data pertaining to customers’ credit scores, credit limits and balances.


    - World's First Licensed Crypto Bank Seen As Game-Changer: https://www.zerohedge.com/news/2019-08-28/worlds-first-licensed-crypto-bank-seen-game-changer-switzerland


    - Reported from ZeroHedge the co-founders of Sygnum crypto bank have hailed the award of Swiss banking license as a game changer.
    - Could open the floodgates of integration of cryptocurrencies and other digital assets into established financial sector.
    - First time this type of license has been granted WORLDWIDE. Obviously Zug is a crypto hub so the fact that Switzerland is the first country in the world to do this is not a surprise.
    - The Swiss Financial Market Supervisory Authority was skeptical bc they wanted to safely and reliably integrate the worlds of crypto and mainstream finance.
    - Sygnum even created its own digital payment token backed by the Swiss franc.
    - Curious what you guys think about the implications of this

    - Telegram Pushes Ahead With Plans for ‘Gram’ Cryptocurrency: https://www.nytimes.com/2019/08/27/technology/telegram-cryptocurrency-gram.html


    - Telegram doing their own crypto like Libra
    - Called the Gram, and they told investors they are ready to send out first batches withing a few months
    - Leaked, investors had signed NDA lol, this is anonymous but NYT
    - 200m to 300m global users
    - They raise $1.7b in 2018 but unlike FB have mostly kept project secret
    - A spokesman for Telegram did not respond to multiple requests for comment.
    - "company was created by Pavel Durov, a self-described libertarian who fled Russia after clashing with the government and being forced to sell off his first successful social network, VKontakte.'
    - NYT say they saw a pitch for Gram that said it would be decentralized like BTC so it can skirt government regulations. That they will be governed by decentralized network once released (and telegram no control)
    - Telegram promised in legal documents that it would deliver Grams to investors by Oct. 31, 2019, or return the money!
    - Pre offering btw was 2.89b Gram for $1.7B

    ---

    Crypto Around the World

    - "Argentina's New Shitcoin": https://decrypt.co/8695/argentina-reward-waste-management-with-new-wastecoin-called-jellycoin


    - a "wastecoin" called JellyCoin has been created by Argentina to reward waste management.

    ---

    - Chinese Government Crypto? Yes! No. Maybe? Bullish or Bullshit?!?!
    - Forbes - Alibaba, Tencent, Five Others To Receive First Chinese Government Cryptocurrency: https://www.forbes.com/sites/michaeldelcastillo/2019/08/27/alibaba-tencent-five-others-to-recieve-first-chinese-government-cryptocurrency/#1c559cc61a51


    - China's central bank will launch a state-backed cryptocurrency and issue it to seven institutions in the coming months
    - Source was Paul Schulte, independent researcher (head of financial strategy for China Construction Bank until 2012)
    - Industrial & Commercial bank of China, Bank of China, Agricultural Bank of China, alibaba, Tencent, and Union Pay
    - Forbes says it was confirmed by second anonymous source, said it may launch for their big shopping day (singles day, Nov 11)
    - “China is barreling forward on reforms and rolling out the cryptocurrency,” “It will be the first central bank to do so.”
    - Not Launching a Cryptocurrency in November: China’s Central Bank: https://www.newsbtc.com/2019/08/28/not-launching-a-cryptocurrency-clarifies-chinas-central-bank/
    - The People’s Bank of China (PBoC) called the coverages “inaccurate speculation,”
    - Reuters attempted to reach all the seven institutions for confirmation. Alibaba declined to comment, while others did not respond.

    THAT'S A SCAM

    - SUB Shuts doesn Telegram Group - Co-Founder Deletes Twitter: https://www.reddit.com/r/CryptoCurrency/comments/cui4a8/substratum_shuts_down_its_telegram_group_since/
    - Trevon James Facing SEC Charges: https://www.reddit.com/r/CryptoCurrency/comments/cui4a8/substratum_shuts_down_its_telegram_group_since/
    - This was kinda amazing. The title to HIS OWN VIDEO it this - "Trevon James Facing SEC Charges for Bitconnect | Jail Time?!"
    - The first link in his shownotes is something called Trontopia.
    - Spends a decent amount of the video talking about how he shouldn't have even been able to promote it because he didn't create it so its not his fault he didn't make it.
    - He's not getting a lawyer
    - Top comment on his youtube "Trevon now works for the feds. For life. Watch yo back round here" lolol
    - He has 176 Patrons on Patreon. KIDDING ME??
    - He literally has a video that says "CAN I REPEAT THE SUCCESS OF BITCONNECT ON MY CHANNEL NOW" as his latest release. "I'm gonna try to recreate the huge euphoria of Bitconnect with a Decentralized Application" which then cuts to "Hey its not on me dawg" with throwing his hands up.
    - LA man pleads guilty to $25 mill BTC money laundering scheme
    - 25 year old LA man operating an unlicensed biz. $25 mil exchanged over 2 years. Kunal Kalra, known as Kumar, skeclemayne, and coinman.

    Los Angeles man pleads guilty to $25 million Bitcoin money laundering scheme | Micky: https://micky.com.au/los-angeles-man-pleads-guilty-to-25-million-bitcoin-money-laundering-scheme/

    Episode 200 - Hong Kong, Yang Gang, and Scams galore. Aug 24, 2019

    FLAGSHIP FRIDAY (8/23/19)

    • Rapid Fire
      • Pro Crypto Overstock.com CEO Patrick Byrne resigns.
      • Banano has released their whitepaper, and I'm pissed it's not called a Yellow Paper. Holy shit I clicked on it and it's a yellow paper. Pepe is on the cover. Omg it's animated lol
      • Horizon State (HST) Folds - maybe we should have a that's a scam rapid fire?
      • Lumiflux and his Dust Attack
        • Someone on reddit posted a reminder that this would not work on Monero.

    • (2020 Presidential candidate Andrew Yang is in favor of blockchain voting) - K

      • Running on Dem ticket, outsider type

      • On his site in his policies he has "modernize voting" section

        • With current tech we shouldn't have to wait in line at polling stations
        • Machines being used are just as vulnerable to tampering/hacking
        • "Americans should be able to vote via their mobile device, with verification done via blockchain. This would dramatically increase participation in all elections, whether local, state or federal."
        • "It is 100% technically possible to have fraud-proof voting on our mobile phones today using the blockchain."

        Modernize Voting - Andrew Yang for President

    CRYPTO AROUND THE WORLD

    • Bitcoin & The Hong Kong Protests - K

      • Going into 11th weekend of protests, 1.7m people marching (about 25%)

      • One of the Crypto ATM providers, Genesis block, giving out water bottles and umbrellas

        • Funded by international BTC donations

        • Bottles themselves have QR code to donate more btc to fund more supplies (rant)

        • Overall ATM providers say they see a decrease in volume (about 10%) and premium price in HK dollars

    • Ukrainian Power Plant Officials Accused of Unauthorised Cryptocurrency Mining - K
      • There is definitely a demand for cheap power, operations setting up in
        • SBU discovered cryptocurrency mining operations at one of the country's nuclear plants
          • alleges that the internet connection installed to facilitate the mining operation posed a significant security risk
          • local court said confidential data about the plant’s operation has also been leaked online.
        • Iceland, thanks to its near-endless geothermal energy
        • Canada - Hydroelectricity
        • Iran - Subsidized energy
      • So the people working at the plant saw a chance to pay no power costs
      • Saw this in Venezuela as well since government subsidizes power
      • A miner in China serving 3.5yrs for stealing energy from a train network for a 50 rig set up (rental near train lines)

    • Moscow's blockchain voting system cracked a month before election - K

      • French security researcher, Pierrick Gaudry, has found a critical vulnerability in the blockchain-based voting system
      • Officials planned on using it for the elections...next month

      • Gaudry figured how to derive private keys from public keys

        • He basically said its because they used a method which uses encryption key sizes that were too small to be secure.

        • Dude's Quote

          It can be broken in about 20 minutes using a standard personal computer, and using only free software that is publicly available

        • We dont know exactly what he could do with the private keys, protocols not in English yet.

        • "In the worst case scenario, the votes of all the voters using this system would be revealed to anyone as soon as they cast their vote."
      • TBF - This was thanks to officials posting it on Github and asking researchers to attack
        • Moscow officials agree key is too small, that it was only for trial period. They said they would go from 256 bits to 1024
        • Gaudry thinks they need 2048
        • And Gaudry will get $15k (1m Ruble)

    THAT'S A SCAM

    • Long Story of a Scam - Reddit - B
      • Guy under the username Montana02115 named Dean starts it.
      • User reporting is IdkWutImTalkingAbout
      • Asks him about some project called NKN.
      • Dude says he works with a team that handles private sales of equity for IEOs etc and invites the guy to his Team Speak.
      • Gets welcomed to the research team.
      • Sends a SAFT for a token called Perlin -
        • WTF is a SAFT? Well it stands for Simple Agreement for Future Tokens. This is basically a pinky promise to deliver tokens when something is operational. Since it's "later" it skirts the acredited investor rule.
      • They then ask people what they want to contribute. The people really do send ETH transactions, and are either also scammed or in on it. First one is for 1100 ETH.
      • That's the only transaction he saw, and they said they'd collected 11K ETH so far, so this guy sends 10 ETH, all of his money, and he gets sent a Perlin token. Well it looks like it's a fake token that's been created to LOOK like Perlin.
      • The token even was being held in a Binance wallet, but of course whoever made it could have sent it there.
      • Perlin hasn't had their token generation yet.
      • He brings that up and is instabanned from the group. Then he convinces them to let him back in, and they're doing another one for a token called Sovrin which also hasn't had a Token Gen. They scedule another sale, and he isn't there and gives some excuse.
      • Miraculously no one else is there either so they decide to have it the next day. That day when he said he was low on funds he got banned from the chat.
      • Reddit figured out who the guy was and he created his own subreddit called BinanceIEO
    • List of scams - A

    • Messari.io - B

      • I saw that Cardano joined the Messari Disclosures Registry so it piqued my interest.
      • They focus on transparency for these projects.
      • They also have their own market cap numbers
      • They have a methodolgy for prices and for supply numbers that is interesting.

      • They use - Maximum, Diluted to 2050, Outstanding, Liquid, Ciruculating

    Episode 199 - HUGE Chinese ponzi scheme, New Zealand’s CryptoSalaries, Moscow’s blockchain and more Aug 16, 2019

    Join us on another Flagship Friday for your weekly dose of crypto news, shenanigans and goings-on! This week we talk about New Zealand's new step towards adoption, as it legalized using crypto as payment for employees, Moscow's Ethereum-based blockchain designed for transparently functioning city services, and Binance's coins listed for its US platform. Also, Brent never fails to remind us that there are more douchebags in the crypto scene other than Craig Wright, Karim just CANNOT stop buying Cardano and Adam almost died. Twice. Honestly.

    Dive into the cryptoverse with us on this week's Flagship Friday.

    ---

    Rapid Fire


    - Bullish or Bullshit - Mark Cuban sees gold & BTC as the same thing: https://coinworld360.com/billionaire-mark-cuban-sees-gold-and-bitcoin-as-being-the-same-thing/
    - And now Dallas Mavs accept Bitcoin, the 2nd NBA team to do so behind, the Kings who were accepting BTC in 2014. Mavs will be using BitPay
    - Binance unveils the coins that will be available on it's US exchange https://cointelegraph.com/news/binance-considering-support-for-30-tokens-for-us-customers

    - New Jersey has started a Blockchain Initiative Taskforce: https://www.publish0x.com/bitcoinz-news/new-jerseys-blockchain-initiative-task-force-vote-confidence-xknwvk

    ---

    - Barclays ends partnership with Coinbase: https://www.reuters.com/article/us-barclays-coinbase/barclays-ends-partnership-with-cryptocurrency-exchange-coinbase-sources-idUSKCN1V40ZV
    - Relationship began in March last year when Coinbase was expanding in Europe
    - Was mean t to make it easier for users to deposit and withdraw pounds to buy/sell crypto
    - Neither company was down to comment
    - Barclays declined to comment, while Coinbase did not respond to ***repeated*** requests for comment
    - Common problem for crypto, one survey showed 3/4ths of crypto businesses in Britain have to bank overseas
    - Even firms that don't handle digital coins, like web designers, just for being crypto associated

    ---

    Crypto Around the World

    - New Zealand just became the first country to legalize salary payments in cryptocurrencies: https://markets.businessinsider.com/news/stocks/new-zealand-legalizes-cryptocurrency-salaries-including-bitcoin-2019-8-1028442320
    - legally allow companies to pay salaries in cryptocurrency starting September 1
    - The country's tax agency ruled salaries and wages may be paid in cryptocurrencies
    - so long as the preferred digital coin is pegged to at least one standard, or fiat, currency.
    - also requires that the crypto of choice be directly convertible into a standard form of payment.
    - Excludes self-employed workers from switching income into crypto
    - Moscow to Develop a Blockchain System for Transparent City Services: https://www.coindesk.com/moscow-to-develop-a-blockchain-system-for-transparent-city-services

    Moscow officially looking for a contractor to build blockchain system to host city's administrative services

    Announced auction to build ethereum-based system, 57m Rubles ($850k)

    List of services & specs

    - Issuance of documents (property owners, residents, etc)
    - Allocation of slots at city's farmers markets
    - Will use proof-of-authority and max capacity of 1.5m simultaneous viewers (pop 12m)

    They expect it to take 60 days to build once contractor has been chosen & contract signed

    IT Department said it wants to increase confidence in Moscow's electronic services by boosting transparency using blockchain

    Also integrated with other experiments Moscow city gov is undertaking, like "Active Citizen" which lets residents express preferences on matters such as locations of new bike paths, street decor, city events, etc

    ---

    THAT'S A SCAM

    - PLUS Token, the biggest Chinese Ponzi scheme has scammed 70k BTC and 800k ETH: https://twitter.com/DoveyWan/status/1161686134314848256?s=20
    - Dovey Wan reported it. PlusToken started in mid 2018 and a "high yield return". Total scammed is about $3B!
    - Core team were tracked down by police 2 months ago and will likely be in jail for decades
    - Exchanges can't do too much bc Chinese exchanges are closed and Chinese police can't work with exchanges because it's not legal in China.
    - Was reading an anecdote about this - apparently some lady was selling stuff in her shop and taking it or BTC, and tried to convince the user to join because she got 8% on her money every month.

    https://twitter.com/DoveyWan/status/1161693110214090752?s=20

    - CipherTrace Report says $4.26B was stolen in exit scams so far this year: https://ciphertrace.com/q2-2019-cryptocurrency-anti-money-laundering-report/
    - $124M was stolen from exchanges and infrastructure in Q2, bringing YTD total to $227M.
    - $851M was "lost" by Bitfinex before.
    - Those numbers are based on when the theft happens, and thus the values are even higher .
    - We can thank PLUS Token for 2.9B of that big number.
    - Also in the report that's interesting - XMR is only used for 4% of dark markets and even less for ransomware attacks. Oddly Doge is 5th most used in dark markets.
    - The report has a cool list of summary of big events relating to overall market in Q2.
    - Report mentions the big effect of a new Financial Action Task Force (FATF) rule which requires crypto transactions of more than 1k to have identifying information, and speculates there is a way to secure the data except when law enforcement wants it.

    ---

    Mailbag

    intechnicolor (discord)

    just want to ask, as I'm not entirely sure where to ask this, but has anyone had any luck or experience with crypto cards? I'm looking for essentially the equivalent of a debit card. Does it exist yet? I've come across Ternio a few times in my search, as well as (for better or worse) Coinbase's Shift

    Tune in for the answer! ;)

    Rants

    -Just a reminder that Roger Ver is also a pos.

    -Things getting so much better

    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.

    Episode 198 - Bitcoin just can't STOP hitting milestones, N. Korea's CryptoMissiles, new exit scams and more Aug 10, 2019

    What a week for the cryptocurrency space. We've got a brand new exit scam (like we didn't have enough of those already), we've got bitcoin being traded at high volumes in Venezuela, and we've got.. Craig Wright? Again? You bet!

    Tune in to find out whether bitcoin is the world's eleventh largest money supply (hint: it is) and discover which four European countries are the most adoption-oriented out of all (you know you wanna invest in Europe).

    Dive into the cryptoverse with us on today's Flagship Friday.

    - Bitcoin Trading is at an all-time high in Venezuela - https://cryptodailynews.online/bitcoin-trading-in-venezuela-hits-all-time-high/


    - Ethereum's on-chain stablecoin transaction volumes surpassed Venmo's total payment volume in Q2. Does include Tether though. - https://twitter.com/cburniske/status/1157780542013792257


    - EtherDelta being investigated by Chinese police for a $176k exit scam. The initial owner sold it to Chinese investors who then created an ICO for it in Jan 2018, a month after it was sold. Then they ran off with investors money. Dovey Wan reported it and she's constantly reporting events - https://decrypt.co/8263/chinese-police-investigates-alleged-etherdelta


    - Gods Unchained hires a former director of Magic The Gathering Arena - https://decrypt.co/8280/gods-unchained-levels-up-hires-former-magic-the-gathering-executive

    - Bitcoin Now the World’s Eleventh Largest Money Supply - https://www.newsbtc.com/2019/08/07/bitcoin-now-the-worlds-eleventh-largest-money-supply/

    - VERGE! YESSSSS( - https://www.reddit.com/r/CryptoCurrency/comments/cmmrzu/vergecurrencys_x17_mining_algorithm_is_being/


    - False KYC Leak at Binance - https://www.binance.com/en/blog/365766157488967680/Statement-on-False-KYC-Leak


    - Craig Wright has to pay $73,000 in Legal Fees for Roger Ver - Bullish or Bullshit - https://stmarket.co/en/news/536/Craig-Wright-to-Pay-73-000-in-Legal-Fees-for-Losing-Libel-Claims-Vs-Roger-Ver.html

    - North Korea funds weapons program with stolen cryptocurrency - https://mashable.com/article/north-korea-un-report-cyberattacks/


    - Top 4 European Countries Ranked by Cryptocurrency Adoption - https://themerkle.com/top-4-european-countries-ranked-by-cryptocurrency-adoption/

    Episode 197 - Bitcoin milestones, the NBA dabbles in blockchain tech, and more Aug 02, 2019

    Today's show is very very crypto. Not that it isn't generally, but most of the time we tend to touch on other issues too - politics, economics, business - but not today. Today's episode is all about cryptocurrency: we talk about Nano's lightning fast confirmation times, Bitcoin's new milestone of 85% of its total supply mined, as well as Litecoin's imminent halving, with the reward going down to 12.5 LTC per block.

    Additionally, a sort of motif is present throughout this entire episode. One not very pleasant, one could say. I mean we've got senator Crapo talking about Bitcoin's resilience one one hand, and a "Shitcoin Futures Index" on the other... everything's a bit poopy. This is not a shitty episode however - and that's for sure.

    Dive into the cryptoverse with us on today's Flagship Friday.

    Links from the show:

    -V19 Nano confirmation times are happening very fast. Here's a pic of it happening in .18 seconds: https://www.reddit.com/r/CryptoCurrency/comments/cjsngc/v19_nano_confirmation_times_are_approaching/


    -Q2 Summary of dApps. 1460 active dApps - Ethereum, 664 Ethereum, 354 EOS, 338 Tron. 71 Steem, 19 IOST, 14 TOMOCHAIN: https://i.redd.it/6pb7t5ylwgd31.png


    -The IOTA Foundation Announces a $5Mil Grant For Coordicide-related Research: https://blog.iota.org/iota-announces-5-million-in-grants-for-coordicide-related-research-e586547cc948


    -CoinJazeera Reports Brock Pierce Running for Gov of Puerto Rico in 2020 lol: https://coinjazeera.news/brock-pierce-running-for-governor-of-puerto-rico-in-2020/?fbclid=IwAR2dvzg67ycGt96Q0gT7grJwxnW_rCWBbHwKupYysYLB2yvs2aJxMfzE51A


    -US Senator Crapo (R) says that we couldn't ban Bitcoin even if we wanted to: https://www.ccn.com/news/us-senator-wanted-to-we-couldnt-ban-bitcoin/2019/07/31/


    -Litecoin Halving is imminent. Block reward going down to 12.5 LTC per block on August 5th: https://www.coindesk.com/litecoin-is-halving-soon-whats-happening-and-what-you-should-know


    -Bitcoin Passes New Milestone as Network Mines 85% of Its Total Supply: https://cointelegraph.com/news/bitcoin-passes-new-milestone-as-network-mines-85-of-its-total-supply

    -Bitcoin Experiences it's first Fed interest rate cut: https://www.ccn.com/fed-interest-rate-cut-bitcoin/


    -Bullish or Bullshit - Crypto Exchange Launches 'Shitcoin Futures Index': https://www.coindesk.com/crypto-exchange-launches-shitcoin-futures-index-offering-new-way-to-short-alts


    -NBA is launching blockchain souvenirs from the maker of CryptoKitties, Dapper Labs: https://ca.finance.yahoo.com/news/nba-is-going-crypto-launching-blockchain-souvenirs-from-the-maker-of-crypto-kitties-185727384.html


    -Weiss Ratings Plagiarism: https://twitter.com/G0JlRA/status/1154817874420215809

    -Bitcoin Has 'No Intrinsic Value,' As U.K. 'Moves Towards' Crypto Ban: https://www.forbes.com/sites/billybambrough/2019/08/01/bitcoin-has-no-intrinsic-value-as-uk-moves-towards-crypto-ban/#40ddcdeb2d27

    Episode 196 - Flagship Friday #83 Jul 27, 2019

    Another Friday, another Flagship, another excuse to dive into all the crypto shenanigans and goings-on of this past week. What has Justin Sun been up to again and how is it related to the word "chicken"? What do recent stats show about the future use cases of Bitcoin? Could it become the global reserve currency of the 21st century, replacing the gold standard and becoming the basis for a worldwide system of Cyber-Keynesianism or is the person writing this just a closeted bitcoin maximalist? What more could Karim possibly have to say about macroeconomics and politics and what's his new segment all about?

    Additionally, today we talk once again about our favorite subject of the month, the Ministry of Truth's cryptocurrency, Libra. Did I say Ministry of Truth? I meant Facebook. Did I quote George Orwell? In the times we live in, can you even blame me?

    Dive into the cryptoverse with us on today's Flagship Friday.

    Episode 195 - CryptoConvos - Colin Fausnaught of ZuckBucks Jul 23, 2019

    On today’s show, Brent is joined by a fellow Facebook-hating, privacy-loving comrade, namely Colin Fausnaught, creator of ZuckBucks, a memecoin designed as a joke and a protest to Facebook’s ever-growing need to have its greedy tentacles probing into more and more aspects of people’s lives - this time the financial one, with Libra.

    Colin created ZuckBucks on a whim, but never expected that it would actually blow up, gathering a dedicated community around it and even making it onto exchanges. Listen in as we talk about privacy, altcoin specifics, meme economies and the all-seeing eye of The Zucc.

    THIS IS OUR REFERRAL LINK PLEASE SHOW EMBERFUND YOUR SUPPORT - https://emberfund.app.link/CryptoBasic

    Subscribe on iTunes - https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2&at=1001lJEw

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    Cryptobasicpodcast@gmail.com


    Episode 194 - US Politicians on Libra and other news Jul 20, 2019

    Today we’re getting super political, so Karim is all excited. Don’t worry, we’re talking about it being related to Crypto. The House had a hearing and we break down some opinions of some people in Congress. We also go on to talk about a couple of scams from across the globe. It’s Flagship Friday-ish on the CryptoBasic Podcast.

    Rapid Fire

    • ZCash/ YCash Fork happened today Thursday at block 570,000. If you own ZCash you'll be getting it at 1:1 ratio
      • YCash is being made to restore mining on commodity hardware which was largely abandoned on the ZCash blockchain.
      • 27% of the enterprises plan to invest roughly between $1-$5mill in blockchain over the next 12 months. Source Deloitte & Touche
    • Reddit Co-founder Alexis Ohanian invests $3.75 mill with a Hearthstone competitor using ERC-1155 tokens bought with DAI
      • The funds have been used to scale up production on a new card game called Skyweaver and a gaming platform called Arcadeum. "Trading card from another dimension". Also Gods Unchained, another blockchain card game using ERC-721 tokens (nfts) has had a 50% increase in games played in the past week. You can hold these in Enjin wallet.
    • Brave ads are live on Android.
    • Litecoin has sponsored the Miami Dolphins

    • All Kinds of US Policiking about Libra.

      This was 7 hours long.

      • Donald Trump - (R) Does not like BTC (no obvious opinion on Libra)
      • Tom Emmer - (R) Anti Libra, seems to be pro BTC "Individuals insistent on the exclusion of middlemen and the freedom of the individual will continue to create open networks separate from central control. Unfortunately Libra is not designed to minimize middlemen. It in fact relies on them."
      • Kevin McCarthy - (R) Anti Libra, pro BTC "I like bitcoin "Likes decentrlaized nature of BTC "I want to see decentralization because Libra concerns me that they're going to control the market"
      • Ron Paul - (R/I) Pro Crypto, No stance on libra.
      • Treasury Secretary Munchin - Pro Crypto/ BTC, and says Treasury is OK with it with full AML. He was not comfortable with Libra, but was not anti-Libra.
      • Denver Riggleman - (R) He knows his shit. Started right away asking questions about open source, whitepapers, he actually looked at the code and knew that it was written in Rust. Dude checked Github, mentioned who was building the Libra core, asks about scalability issues and why Rust was chosen as the language. Specifically grilling him about the "nightly build" of Rust and why it was being used. David Marcus couldn't actually answer that.
      • House Democrats released a bill called "Keep Big Tech Out of Finance Act" which was anti - Libra, but not pro BTC/ Crypto.
      • Patrick McHenry - R - Skeptical of Libra - Clearly Pro Crypto - Did not take a clear anti Libra stance. Said it could be a plot to increase Twitter presence lol.

      • Warren Davidson said - There's bitcoin and there's shitcoin. (R) Unclear stances

        Colloquially, Shitcoin

        • Wednesday, July 17th 2019 a Congressman asked Meltem Demirors about shitcoins. How is this real life????
      • Brad Sherman - D - Anti Libra, calls it Zuck Buck. Very Anti-Crypto. Anti Crypto, compares it to “We’re told by some that innovation is always good. The most innovative thing that happened this century is when Osama bin Laden got the innovative idea of flying two airplanes into towers,” Says Libra is more dangerous than Al Queda.

    • (Market Cycles)500

      • Lets talk about the psychology of a market cycle.
      • Disbelief, hope, optimism, belief, thrill, euphoria, complacency, anxiety, denial, panic, capitulation, anger, depression, disbelief

      • Simplified market cycle - peak,trough, contraction, expansion

    • (Tether’s $5 Billion Error Exposes Crypto Market’s Fragility)

      • A little reminder that this is still a young market with an infastructure in construction
      • Saturday (7/13) Tether mistakenly created more than $5b in an instant, (marketcap rn $3.9b)
      • Article claims sudden flood spooked the market & btc dropped by 12%
        • About 60% of BTC trading is done with Tether
      • And we've already had the NY AG saying Tether used reserves to cover up $850m in missing funds
      • Basically Poloniex needed to move $50m Tether from Omni network to Tron
        • LOL - The Tether EMPLOYEE who processed the order accidentaly created and sent Poloniex $5b Tether instead of $50m
        • CTO Tweeted it was "an issue with the token decimals, fat finger error"
    • Crypto Around the World
      • U.S. foes are weaponizing cryptocurrency says new report
        • New Study by the Foundation for Defense of Democracies (FDD)
          • Says US adversaries are using crypto to "circumvent the nation's geopolitical supremacy"
          • Focused on Venezuela, China, Iran, and Russia
          • All of these have been aggressively working on blockchain currencies or networks
          • Venezuela backed with oil, Iran is launching one backed with Gold
          • FDD warns that digital currencies, especially those backed by commodities, will make sanctions much harder to enforce
          • Most worried about China, with massive tech its digital currency could compete with dollar based financial system
          • Also fears that nations will just invest in current systems, like Russia is believed to be investing in btc
        • Found the Report itself, Overview of findings
          • Venezuela, Maduro, & the Petro - Total debacle, they did not build the economic or technical infrastructure to make the petro useful to citizens and international trading partners. But it will serve as case study for other nations
          • Basically how the US financial dominance is at risk if any crypto becomes popularly used and an alternate financial infrastructure is created
        • But who is the FDD
          • That name already sketches me out big time
          • Washington THinktank focused on "national security and foreign police" (not exactly what you would think of but maybe)
          • Their own about
            • Founded shortly after the attacks of September 11, 2001, FDD conducts actionable research, prepared by experts and scholars from a variety of backgrounds
          • Started looking at their headlines
            • Undeterred Cyber Adversaries Require a More Aggressive American Response
              • As tensions escalate, U.S. must intensify pressure on Iran and the IAEA
              • Australia should place unilateral sanctions on Iran
              • Oman’s Growing Ties with Iran Threatens its Neutrality: FDD Report
        • Long story short - they're just a neocon think tank, hawkish and super pro war. And their funding explains their bias, from their 2011 tax filings
          • "Most of the major donors are active philanthropists to 'pro-Israel' causes both in the U.S. and internationally. With the disclosure of its donor rolls, it becomes increasingly apparent that FDD’s advocacy of U.S. military intervention in the Middle East, its hawkish stance against Iran, and its defense of right-wing Israeli policy is consistent with its donors’ interests in 'pro-Israel' advocacy"

    • Thats a scam!

      • For $15k You Can Fake Trading Volume

        A 20 year old at Moscow State University, Andrey Andryunin, (Let's go MSU!!)

        talks about his company that he co-founded called Gotbit. It inflates trading volume on obscure crypto exchanges for a fee to ultimately get listed on Coin Market Cap. Programs a bot to trade tokens back and forth with each other (what do we call that Karim??) wash trading.

        Exchanges know about it but don't care too much to stop it.

        Hotbit based in Shanghai and BitForex out of Hong Kong are two exchanges that Gotbit uses. Gotbit was found to be one of 14 exchanges that basically had zero genuine trading outside of wash trading in a report by Alameda Research, a crypto trading firm.

        A lot of the coins are top 300-500 market cap trying to appease their investors, maybe make an exit eventually, but ultimately only 2 or 3 of the 30 or so Gotbit clients have a working business model and have reached the point of building an actual product.

        Adryunin does go on to say that this isn't exactly an ethical business and that if this was on NASDAQ he knows it would be a financial crime. Both him and his cofounder understand there is incoming regulation from the Financial Action Task Force which will regulate crypto related services and exchanges so they are pivoting to other more legitimate things like offering IEOs

      • NovaChain

        • Had no idea what it was.
        • It was yet another Lending platform that was based off of "High frequency trading bot passive income"
        • Deleted its website and email list and all social networks.
        • Loss was in the millions.
        • Twitter users were tweeting tons of numbers.
    Episode 193 - Did Tron get raided? Maybe? Jul 13, 2019

    Flagship Friday! We're talking about John McAfee and what he wants to do for Cuba. We cover whether or not Tron headquarters was raided by the police, and this particular episoe without Adam we talk about a lot of different tangents, and more.

    THIS IS OUR REFERAL LINK PLEASE SHOW EMBERFUND YOUR SUPPORT - https://emberfund.app.link/CryptoBasic

    Subscribe on iTunes - https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2&at=1001lJEw
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    Ledger Nano X - https://www.ledger.com/?r=d6b6
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    Founder of SpankChain creates YangDAO - https://www.yangdao.org/
    Samsung releases ETH SDK - https://developer.samsung.com/blockchain
    Zimbabwe bans the USD - https://www.scribd.com/document/416240547/NYAG-AFFIRMATION#fullscreen&from_embed
    Tether is loaning USDT to traders - https://www.scribd.com/document/416240547/NYAG-AFFIRMATION#fullscreen&from_embed
    Top 10 Companies are Murican - https://www.investopedia.com/articles/active-trading/111115/why-all-worlds-top-10-companies-are-american.asp
    Turhey's new roadmap https://www.coindesk.com/turkeys-new-economic-roadmap-calls-for-central-bank-cryptocurrency
    Bullish or BS - Police Raid Tron - https://medium.com/@Tronfoundation/the-wave-field-community-scam-and-our-response-55631a6b2df1
    They didnn't - https://www.reddit.com/r/CryptoCurrency/comments/caj9e1/police_raids_at_tron_offices_in_beijing/
    Mcafee wants to build it for Cuba -

    Cryptobasicpodcast@gmail.com

    Episode 192 - Craig Wright is STILL a Turd Jul 06, 2019

    Craig Wright cries in court, thus proving he is Satoshi Butthurtamoto. . We go over tons of stories from across the globe, including what’s happening with Facebook’s Libra in China. Our friends Waltonchain make another cameo appearance in our “That’s a scam” Section, and we learn how Adam almost lost $10k by being cocky.

    # Episode 192 - Flagship 80 # Episode 192 - Flagship 80
    - Rapid Fire - [Tether has a Blacklist -](https://tether.to/wallet-service-and-platform-update/) - [Netflix has an Altcoin doc coming out](https://ourbitcoinnews.com/netflix-is-all-set-to-launch-an-altcoin-and-bitcoin-documentary-show-big-names-of-the-industry-involved/) - Vitalik Buterin (Ethereum Founder) - Jihan Wu (Bitmain Founder) - Justin Sun (Tron Founder) - Yi He (Binance Founder) - Charles Hoskinson (Cardano Founder) - Sunny Lu (VeChain Founder) - Jun Hasegawa (OmiseGo Founder) - Da Hongfei (Neo Founder) - Roger Ver (Bitcoin Cash Founder - [David Marcus - "You won't have to trust Facebook to get the benefit of Libra"](https://www.coindesk.com/facebooks-david-marcus-libra-crypto-users-wont-have-to-trust-us) - [Reddit to build in tipping with BAT and other coins, but mostly BAT](https://decrypt.co/7688/reddit-tip-crypto-bots) - A craft beer company named Brewdog is now accepting shares in their company in cryptocurrency.
    [Cryptocurrency](https://efp.brewdog.com/equityforpunks/cryptocurrency)
    - Currencies accepted for Equity for Punks are the following: - Bitcoin, Bitcoin Cash, Bitcoin SV, Ethereum, Litecoin, OmiseGO, Qtum, Augur, Ripple, 0x- [CRAIG WRIGHT](https://zerobin.net/?54865f020b8ad9be#hxdsnaQoV0DarYLJHZ4P72PBR8mmNqBwqtjpuHeexfk=) - This hearing was to see why CSW couldn't provide access to the wallets that are a part of the Kleinman case. - There was a court journalist named Carolina Bolado that was covering the drama in the courtroom with CSW live. - Some of the highlights - remember that e-mail that he send that it turned out he forged? Well the only reason we knew about that was that he submitted it in court. On the stand he accused the opposing counsel of committing purjury by submitting the document. HE SUBMITTED THE E-MAIL. - Then he threw the e-mail across the courtroom. - “You throw another document in my courtroom, you will be in handcuffs so fast your head will spin,” Judge Reinhart said. - He made up some new reasons why he couldn't get the BTC, saying that he will get access to some of the info he needed in 2020 - That really pissed off the judge who clarified that he knew that at the beginning of the trial. - At some point he was crying. - Next trial date is 7/10 - [A new document submitted to the courts before that date - one of the companies "Tulip Trading Limited" was actually purchased in 2014 - which is 3 years after he said he created, but it was purchased as a "shelf" company which means it was crated and aged.](https://www.courtlistener.com/docket/6309656/237/11/kleiman-v-wright/)- Crypto Around the World - (Libra Fights...) [House Democrats call for Facebook to halt cryptocurrency project](https://thehill.com/homenews/house/451459-house-democrats-call-for-facebook-to-halt-cryptocurrency-project) @Karim Baruque - House financial Services Committee asking FB to stop work on Libra - [HFSC Letter to Executives](//oemmndcbldboiebfnladdacbdfmadadm/https://financialservices.house.gov/uploadedfiles/07.02.2019_-_fb_ltr.pdf) - *Investors and consumers transacting in Libra may be exposed to serious privacy and national security concerns, cyber security risks, and trading risks. Those using Facebook's digital wallet - storing potentially trillions of dollars without deposit insurance- also may become unique targets for hackers. For example, during the first three quarters of 2018, hackers stole nearly $1 billion from cryptocurrency exchanges. 3 The system could also provide an under-regulated platform for illicit activity and money laundering.* - [Now Japanese Regulators Are Getting Anxious About Facebook’s Cryptocurrency](https://www.coindesk.com/now-japanese-regulators-are-getting-anxious-about-facebooks-cryptocurrency) - Japans central bank joining chorus of concern vs Libra - Report from Nikkei cites unnamed official from Bank of Japan as - "*It will move money into an absolutely virtual world, so it is completely different than other forms of digital payment.*” - They fear by linking Libra to multiple national currencies they are trying to avoid control from any one nations regulators - Report also posits - People will withdraw from regional bank, buy Libra, FB puts those funds with larger banks (Specifically Mitsubishi Financial Group, Sumitomo Mizuho Financial Groups), so flow away from minor institutions - And that Libra would "free ride" off existing institutions which spend large amounts to stay complaint. - [G7 Forming Task Force in Response to Facebook’s Libra Cryptocurrency](https://www.coindesk.com/g7-forming-task-force-in-response-facebooks-libra-cryptocurrency) - Group of 7 - Canada, France, Germany, Italy, Japan, UK, US, EU - France's Finance Minister, Bruno Le Maire, called for G7 central bank regulators to do a report on FBs Libra by July out of fear it could replace national currencies. - [Dutch article so it's translated but basically a ban on payments with cash over 3k Euros. They want to get rid of the 500 Euro bank note and make it more difficult for money laundering. What do you think of all this? Good or bad? is this just the future of cash if we all convert to crypto in 10-15 years?](https://www.rijksoverheid.nl/actueel/nieuws/2019/07/01/minister-hoekstra-en-grapperhaus-presenteren-nationale-aanpak-witwassen) - [Cuba ‘Studying Cryptocurrency’ to Dodge US Sanctions, Says Gov’t](https://cointelegraph.com/news/cuba-studying-cryptocurrency-to-dodge-us-sanctions-says-govt) - Cuba's Government said in July its exploring Cryptoccurencies to deal with an economic crisis exacerbated by US Sanctions - Cuba has suffered significantly from the Venezuelan crisis since it was major source of aid - “*We are studying the potential use of cryptocurrency... in our national and international commercial transactions, and we are working on that together with academics*,” Reuters quoted economy minister **Alejandro Gil Fernandez** - Previous reports about Iran developing a cryptocurrency to combat SWIFT, a blockchain based project with Russia and Armenia- THAT'S A SCAM
    [Waltonchain was hit was a 99.99% attack.](https://www.reddit.com/r/CryptoCurrency/comments/c6v611/waltonchain_mainnet_is_under_a_9999_attack/)
    - Being honest I don't even know what that is, but apparently someone basically got enough hashpower to buy the network. - They had something happen related to this 10 days ago and "Fixed" it. - Now they had to Hard Fork their mainnet. - I don't really get how it works, but Walton essentially has their ERC20 token which is traded, and then their mainnet which gets mined and pays out rewards in tokens that have no way to be traded yet. - Attacker attacked the "worthless" chain. - In a hilarious anecdote that we missed - WTC has that sidechain, and they posted a picture of their offices. Then freychain, the sidechain, posted a picture of theirs a little later, and literally just changed the signs and took a diff angle.
    ![](Untitled-9a5898db-569a-47f7-b764-cd6db1c8d78b.png)
    - Shots Fired!
    Everyone go to [loser.com](http://loser.com) - I'll wait
    ["Then fork the code and finish it yourself" - Charles](https://twitter.com/vidinhlang/status/1146788569253462017)
    Reddit Post - r/EOS isn't deleting scam posts to phishing sites.
    [Response on reddit from "agenttank" - 'scammers always go for people that have been scammed successfully before.'](https://www.reddit.com/r/CryptoCurrency/comments/c7rl8b/notice_on_reos_mods_arent_deleting_comments/)

    Episode 191 - Flagship Friday Jun 29, 2019

    Bitcoin's price goes to 13k, but then back to 10k. The price is on everyone's minds so the team actually sits down and talks about it. We also have some dumb CSW stuff, more of a deep dive on Libra and more.


    THIS IS OUR REFERAL LINK PLEASE SHOW EMBERFUND YOUR SUPPORT - https://emberfund.app.link/CryptoBasic

    Coinbase goes offline - https://www.ccn.com/crypto/bitcoin-price-crash-coinbase-offline/2019/06/26/
    BTC Market Cap - https://i.redd.it/0rlm5f6v1o631.png
    Blockchain Products - https://twitter.com/DMemelines/status/1143861718918942720
    Pool Together - https://www.pooltogether.us/faq
    Libra Distribution - https://www.reddit.com/r/CryptoCurrency/comments/c54f39/75_of_the_libra_association_members_are_from_the/
    Cyber Criminial - https://thenextweb.com/hardfork/2019/06/26/europol-british-dutch-27m-bitcoin-theft/


    Subscribe on iTunes - https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2&at=1001lJEw
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    Typo Website - https://thenextweb.com/hardfork/2019/06/24/calibra-fake-cryptocurrency-site-scam-ethereum/
    Hackers be hackin - https://micky.com.au/completely-cut-off-city-caves-and-pays-hackers-600k-bitcoin-ransom/
    CSW - https://www.ccn.com/crypto/craig-wright-declared-satoshi-nakamoto/2019/06/23/
    CSW 2 - https://beincrypto.com/craig-wright-reportedly-failed-to-submit-court-ordered-bitcoin-wallet-addresses/
    Fight over Facebook's crypto - https://www.coindesk.com/a-monumental-fight-over-facebooks-cryptocurrency-is-coming
    Libra and Financial System - https://www.cnn.com/2019/06/25/tech/facebook-libra-hearings/index.html

    Cryptobasicpodcast@gmail.com

    Episode 190 - IOST 101 Series - With Terrence Wang Jun 25, 2019

    IOST is an application-friendly, next generation public blockchain infrastructure, helping decentralized app developers overcome some of the most challenging problems with mass adoption. First and foremost, IOST solves the scalability trilemma, or having to select between levels of security, scalability, and decentralization. Through a “Proof-of-Believability” consensus mechanism, IOST enables DApps to build and deploy more meaningful services on its platform, helping more everyday users experience the mass benefits of blockchain services.

    IOST's website: https://iost.io/

    IOST's twitter page: https://twitter.com/IOStoken

    Terrence's Twitter Account - https://twitter.com/terrence_iost

    IOST's medium page: https://medium.com/@iostoken

    Whitepaper - https://iost.io/iost-whitepaper/

    Subscribe on iTunes - https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2&at=1001lJEw

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    Cryptobasicpodcast@gmail.com

    The CryptoBasic Podcast is an educational, honest, and entertaining exploration of the fascinating world of cryptocurrencies. Join hosts Brent Philbin, Karim Baruque, and Adam "Roothlus" Levy 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.

    Copyright Cipher Consulting Group llc 2018

    Episode 189 - Facebook's Coin vs Bitcoin and other news Jun 21, 2019

    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

    Episode 188 - Alex Wang of Emberfund.io Jun 18, 2019

    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&at=1001lJEw
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    Cryptobasicpodcast@gmail.com

    Episode 187 - Binance in the US, Facebook's Libra, and more Jun 15, 2019

    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 & 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.
    Episode 186 - Facebook coin, Vitalik on BSV, and more Jun 08, 2019

    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&at=1001lJEw
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    Cryptobasicpodcast@gmail.com

    Episode 185 - Karim is Back May 31, 2019

    Karim is back on the show after his trip to Europe, and he's brought a bunch of crypto aroudn the world news with him. He's talking Africa, he's talking Europe, and he's calling Brent out for being wrong on stuff. Karim is back on the show after his trip to Europe, and he's brought a bunch of crypto aroudn the world news with him. He's talking Africa, he's talking Europe, and he's calling Brent out for being wrong on stuff.


    EOS and CSW appear on every show at this point, but the news is never good. Why is EOS not a good blockchain? Did they pump their own ICO? Who knows, we talk about the evidence.


    You can now buy bitcoin at Coinstar machines at the grocery store (adoption) - https://i.redd.it/uk7fdi2fz7131.jpg

    Excel lists Bitcoin as a currency - https://i.redd.it/pja93uz5nr031.jpg

    Kraken paid 250 salaries in crypto - https://beincrypto.com/nobod-work-bitcoin-except-everyone/?utm_source=reddit&utm_medium=social&utm_campaign=btc&utm_content=sne

    Samsung moving to integrate crypto to Samsung Pay - https://cryptoticker.io/en/samsung-cryptocurrency-smart-pay/

    IOTA has announced a solution to remove the Coordinator - https://coordicide.iota.org/

    Reserve Bank of Malawi spooked by Crypto - https://www.ccn.com/cryptocurrencies-not-legal-tender-says-malawis-central-bank

    Mthuli Ncube - https://www.ccn.com/cryptocurrency-could-solve-zimbabwes-cash-shortages-finance-minister

    Project Khokha - https://www.ccn.com/real-world-ethereum-based-blockchain-payments-trial-a-success-south-africas-central-bank

    North Korea Launched Cryptocurrency Attacks in Response to Sanctions, Says FBI - https://cointelegraph.com/news/north-korea-launched-cryptocurrency-attacks-in-response-to-sanctions-says-fbi

    Egypt Lifts Cryptocurrency Ban & Will Allow Licensed Companies - https://www.coindesk.com/egypt-lifts-ban-will-allow-licensed-cryptocurrency-companies?utm_source=twitter&utm_medium=coindesk&utm_term=&utm_content=&utm_campaign=Organic%20

    Egypt Lifts Cryptocurrency Ban & Will Allow Licensed Companies - https://www.coindesk.com/egypt-lifts-ban-will-allow-licensed-cryptocurrency-companies?utm_source=twitter&utm_medium=coindesk&utm_term=&utm_content=&utm_campaign=Organic%20

    Egypt Lifts Cryptocurrency Ban & Will Allow Licensed Companies - https://fora.ie/bank-of-ireland-aib-blockchain-4659758-May2019/

    Report on EOS alleges that they engaged in wash trading during the year long ICO. - https://media.consensys.net/a-retrospective-of-the-eos-token-sale-172d3437932b
    Subscribe on iTunes - https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2&at=1001lJEwJoin Our Discord - https://discord.gg/3EnWx6JPatreon - https://www.patreon.com/CryptoBasicLedger Nano X - https://www.ledger.com/?r=d6b6Cash App: Free $5 - https://cash.me/app/RMFXXXLCryptobasicpodcast@gmail.com

    Episode 184 - Brett Richey on Gaming and Crypto May 30, 2019

    It's a round Table episode: Poker, Gambling, Crypto. These names can be synonymous. Today we've got Brett Richey on the show - he's the founder of a company called Blitz Predict and he has a lot of interesting information to share about what he feels is a match made in heaven of Crypto and Gaming.

    Their company didn't build their own coin, they actually USED another existing platform to create their content. Augur provides the frame work, Blitz Predict provides the app, and you provide the action.

    Blitz Predict - https://www.blitzpredict.io/
    Brett's Twitter - https://twitter.com/BrettRichey
    Brett's Rap Video - https://www.youtube.com/watch?v=tyBCDv8GXTs
    Blitz Predict Subreddit - https://www.reddit.com/r/BlitzPredict/
    Blitz Predict Telegram - https://t.me/BlitzPredict
    Blitz Predict Discord - https://discordapp.com/invite/e9vTTTw
    Blitz Predict Twitter - https://twitter.com/BlitzPredict

    Subscribe on iTunes - https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2&at=1001lJEw
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    Cryptobasicpodcast@gmail.com

    Episode 183 - Monica Quaintance From Kadena.io May 28, 2019

    It's time for another Crypto Convo episode - and today we're going to be having a chat with Monica Quaintance from the Kadena Project. It's an open ended conversation Where we discuss anything and everything blockchain and beyond. Learn about how Kadena developed a language that you can read, even if you can't code.

    Kadena Website - https://kadena.io/
    Kadena Twitter - https://twitter.com/kadena_io
    Monica's Twitter - https://twitter.com/quaintm
    Monica's Linked in - https://www.linkedin.com/in/monica-quaintance/
    Monica's Medium - https://medium.com/kadena-io
    Pact Language - https://pactlang.org/

    Subscribe on iTunes - https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2&at=1001lJEw
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    Cryptobasicpodcast@gmail.com

    Episode 182 - Scams, Craig Wright, and more news May 24, 2019

    Scams. So many of these projects are turning out to be scams, and we knew it was coming. This space is perfect for scammers, and perfect for seizing control from the bankers. HitBTC, Cobinhood, Cryptopia, yo never know which exchange is next. Find out what we’ve seen, as well as some other news from across the land.


    DAI On Coinbase - https://twitter.com/coinbase/status/1131614714113527808
    ETH raises $30M - https://www.coindesk.com/ethereum-foundation-funding-development-upgrade-plasma?hootPostID=baacd72a28d0318ddb1429b0e59447c6
    Tim Draper talks BTC - https://www.foxbusiness.com/markets/bitcoin-5-global-market-share-earth-tim-draper
    Craig's Copyright 1 - https://www.coindesk.com/us-copyright-office-says-it-does-not-recognize-craig-wright-as-satoshi
    Craig's Copyright 2 - https://www.change.org/p/karyn-temple-remove-craig-wright-s-name-from-bitcoin-whitepaper-copyright
    Enjin teaming with Minecraft - https://www.asiacryptotoday.com/enjin-and-minecraft-launch-worlds-first-blockchain-powered-server-called-enjincraft/
    Bitconnect is back? - https://beincrypto.com/bitconnect-2-july-1-joke/
    HitBTC might be insolvent? - https://www.cointelligence.com/content/is-hitbtc-insolvent-coinfirm-analysis-and-research-by-cointelligence-paint-a-disturbing-picture/
    Tether admits to investing in BTC - https://www.theblockcrypto.com/2019/05/21/tether-admits-in-court-to-investing-some-of-its-reserves-in-bitcoin/
    Cobinhood likely exit scam - https://beincrypto.com/cobinhood-exit-scams-after-raising-3m-last-month/?utm_source=reddit&utm_medium=social&utm_campaign=cobinhood&utm_content=sne

    Episode 181 - The Bulls are Back? May 17, 2019

    Yeah right you thought we were going to talk about price on a CryptoBasic episode? We talk about all the goings on of the week. From Cryptopia closing and bring liquidated to Bakkt getting clearer with their direction we cover it all this week. Are Whole Foods and Starbucks really taking CryptoCurrency?

    What is the Adam Levy Effect? Is it real? Brent roasts a portfolio, and more.

    Subscribe on iTunes - https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2&at=1001lJEw
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    Origin Trail Tracking stolen coins - https://medium.com/origintrail/40-million-worth-of-bitcoin-stolen-from-binance-now-traced-using-origintrail-b938bd179d2e?sk=fde34107a8a5f22c6469ac8500b3d6c5
    NEO Gets 100mil - https://mobile.twitter.com/NEO_Blockchain/status/1128291681483350016
    Cryptopia Gets Liquidated - https://www.grantthornton.co.nz/press/press-releases-2019/cryptopia-limited-appoints-grant-thornton-as-liquidators/
    Bullish or Bullshit - Startbucks and Wholefoods accept Crypto - https://www.forbes.com/sites/michaeldelcastillo/2019/05/13/starbucks-nordstrom-and-whole-foods-now-accept-bitcoin-just-dont-ask-them/#294f607a2252
    Bakkt Update - https://www.reddit.com/r/CryptoCurrency/comments/bo43fk/bakkt_today_were_pleased_to_update_you_on_the/


    Website link to Podcast https://www.cryptobasicpodcast.com/home/177

    101 Series - Decred Featuring Ricuard Red May 16, 2019

    Decred means Decentralized Credits, and this was a tough nut to crack. The team decided to bring in the big guns and have Richard Redd on the show - he's a part of the Decred Team, in so far as he has Decred's DAO pay him for many many things.

    He has answers to all of Brent's questions as Brent takes him through the 101 series - Decred, and finds a new coin that he likes a lot.

    Links -

    Richard's Medium - https://medium.com/@richardred

    Richard's Github - https://github.com/RichardRed0x

    Richard's Twittter - https://twitter.com/RichardRed0x

    Whitepaper - https://docs.decred.org/

    Politeia - https://proposals.decred.org/

    Website - https://www.decred.org

    Subreddit - https://www.reddit.com/r/decred/

    Held Support CrytpoBasic

    Subscribe on iTunes - https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2&at=1001lJEw
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    Episode 179 - More on Binance, Polls, and Tron May 10, 2019

    EPISODE 179 - FLAGSHIP

    • Rapid Fire

      • Bitcoin has reached 6k!!

      • Regulators Ready to Approve Ethereum Futures

        Regulators Ready to Approve Ethereum Futures, CFTC Insider Says - CoinDesk

        A futures contract might bring in fresh institutional funding to the crypto space

        The CFTC is willing to let an ether futures contract go to market after soliciting market feedback last year

      • Microsoft Azure Blockchain DK For Ethereum Has been released

        Azure Blockchain Development Kit for Ethereum Released - Build Azure

        provides developers an enhanced experience for building Blockchain apps utilizing Azure Blockchain Service, or even the public Ethereum network. It also enables you to utilize popular, open source Blockchain tools such as Solidity and Truffle.

      • Fidelity Will Offer Cryptocurrency In A Few Weeks

      • Binance is going to allow Margin Trading

        Kinda hilariously updated in the same tweet where they mention the hack, as the 2nd most important thing.

    • Executives polled on Crypto (K)

      • Poll by Deloitte conducted of 1,386 Senior Executives (500m+US, 100m World)Feb-March, dozen countries (Brazil, Canada, China, Germany, Hong Kong, Israel, Luxembourg, Singapore, Switzerland, United Arab Emirates, United Kingdom, and the United States)
        • 53% Say blockchain is top five strategic priorities (up from 43% in 2018)
        • Financial sector is leader in adoption right now, but we do see technology, media, and healthcare diversifying blockchain projects
        • 27% said important but not top priority, 14% some relevance but not strategic initiative
        • Only 3% said it would not be relevant, down from 4% last year
        • 86% Broadly scalable and will eventually achieve mainstream adoption, 83% said their executive teams see compelling case for blockchain
        • 81% plan on replacing systems of record, 77% think the lose competitive advantage if they dont adopt.
        • Over-hyped? 43% said yes
      • BRENT RANT

    • TRON suffered from a critical bug that could have brought their entire blockchain to a screeching halt (ADAM)

      TRON suffered from a critical bug that could've crashed its entire blockchain

      • This took place in January, and the bounty was paid in Feb., but was just disclosed May 2.
      • Using a single machine, an attacker could send a DDoS attack to all or 51 percent of the [Super Representative] nodes and render TRON network unusable, or make it unavailable
      • This flaw in TRON‘s wallet allowed all of the network‘s available memory to be taken up by a single party with just one computer, which would have effectively broken the blockchain during that time
      • This was discovered by a company / person called HackerOne, and disclosure was just released. They were also paid for one other bug where they were paid double the bounty that they haven't disclosed the nature of.

    • BINANCE HACK (Brent)

      • Just want to do a quick follow up about the thought of a re-org
      • CZ Basically said something stupid on his live stream
      • He took it back within the hour.
      • You do need to reset your 2FA keys
      • Also disable any API keys you have, and maybe re-enable if you trust them?
      • https://twitter.com/IOHK_Charles/status/1126109361154215936

    • Block-chain Researchers weigh in on Wright Lawsuit (K)

      • Let's Catchup
        • Self proclaimed Satoshi, aka Faketoshi Craig Wright sued by (David) Kleiman family
        • Accused of stealing $11b worth of bitcoin, intellectual property
        • Last week the court ordered Wright to disclose bitcoin addresses that belonged to him before 2013....which remember he claimed to have mind the first 70 blocks

      • So.....

        • He turns in a list of the 70 addresses, it was redacted & unsealed

        • This is what his lawyer writes regarding the addresses...

          Dr. Wright knows that he mined the first 70 blocks on the blockchain. Because the public addresses associated with blocks are publicly available, Dr. Wright is able to identify the public addresses associated with the first 70 blocks on the blockchain and provides those public addresses below.

      • WizSec (Bitcoin Security Specialists) Write a report

        • First they point out we have no reason to believe these bitcoins even exists
        • Basically Wrights claim is he didnt remember the addresses...but he can share them since they are one the blockchain and he mines bitcoin

        • We know because even though list is redacted the addresses match up perfectly

        • "It beggars belief, for the self-proclaimed inventor of Bitcoin to act so ignorant about the fundamentals of his invention. Perhaps Wright thinks that being a bitcoin miner means pointing at bitcoins and yelling "Mine!"?

    • More Bitfinex Shit (B)
      • Reggie Fowler is somehow connected to this. He used to play football years ago and was an owner of the Vikings.
      • The accusation is that Fowler opened a bunch of bank accounts to make it easier for Bitfinex to move money around. The connection was made because modernconsensus.com noticed the bank account was one of Fowler's in the actual indictment.
      • There was another warrant issues for a Israeli citizen named Ravid Yosef. Shes also a dating coach.
      • Fowler has had a few other scandals (He's been sued 36 times) and accusations, but this one in particular is saying that he worked with Yosef to run a "shadow bank" to process US based payments. Their charges are conspiracy to commit bank fraud.
      • There's even chats out there where the owner of Bitfinex is asking the company CryptoCapital for millions of dollars - even yelling at them for not sending any money this month. CryptoCapital is the company that these bank accounts from the Football player and Dating coach are linked to.
      • When Fowler was arrested he had $14,000 worth of fake $100 bills at his office.
      • There's also possible ties to both Colombian Cartels and Quadriga which we won't get into, but the links are in the shownotes if you want to learn more - this all centers around CryptoCapital
        • Here
        • And here
    • Ethereum PoS Testnet is Live (A)
      • Ethereum 2.0 is an upcoming new Eth chain with improvements in security, scalability, and decentralization.
      • Shards are a core concept behind Eth 2.0. Sharding refers to splitting the entire Ethereum network into multiple portions called shards. Each shard would contain its own independent state, aka a unique set of account balances and smart contracts. It will help scale
      • Testnet is publicly accessible with links to start staking. It's bare bones.
    • Crypto Around the World (K)
      • Facebook’s Secret Cryptocurrency Just ‘Months Away’ from India Launch (K)
        • Project Libra may be launching in a few months
          • stable-coin type coin, probably for buying stuff on FB or sending $ thru Whatsapp
        • One main reason to launch in India, facilitate remittance payments for its WhatsApp users lol (200m)
        • Then they cite a crypto guy with a crypto fund saying this will be good for crypto
        • Trajectory? Led by former PayPal president David Marcus, 1/5th of blockchain team are PayPal alumni
      • Facebook Ads
        • Facebook reverses ban on crypto ads —-Although cryptocurrency ads are once again permitted on Facebook, advertisements for initial coin offerings (ICOs) will still be rejected.
        • That doesn't mean its easy, everything still needs review.
        • Also a good chance there's a snafu when some scam exchanges start promoting.
        • Basically they're going to default to yes vs default to no.
    Episode 178 - Binance Hack Basic Blitz May 08, 2019

    Binance was hacked, this is not a drill. Guess what? Everything is fine. Adam and Brent decide to talk abou this for a quick episode of the podcast, and of course, there's some Jutin Sun bullshit thrown in on the top of it all.

    CZ Twitter Live - https://twitter.com/binance/status/1125959459782553600?s=20
    Binance Blog Post - https://binance.zendesk.com/hc/en-us/articles/360028031711
    Binance SAFU Funds - https://www.binance.vision/glossary/secure-asset-fund-for-users
    Reddit Thread - https://www.reddit.com/r/CryptoCurrency/comments/bly0dd/funds_are_safe_but_still_binance_hacked/

    Subscribe on iTunes - https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2&at=1001lJEw
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    Cryptobasicpodcast@gmail.com

    Website link to Podcast https://www.cryptobasicpodcast.com/home/177

    Links to topics from the show

    Episode 177 - Tether's Legal Trouble and More May 04, 2019

    EPISODE 177 - FLAGSHIP 70

    This week's top story - Tether is in trouble again. Is this a tale of sound and fury signifying nothing like the Bitcoin Maximalists such as Adam Back would like you to believe? Or is there something more going on here? Before we get to that story we talk about Vitalik, Elon, some scams and more.

    • Rapid Fire

      • Coinbase Custody now offers their first chain swap with KIN. Offline storage and insurance coverage

        Mainnet KIN is now available on Coinbase Custody

      • NYTimes is now routinely reporting on crypto. In this case it's 1q thefts—roughly 1.2 billion

        Cryptocurrency Thefts, Fraud Hit $1.2 Billion in First Quarter-Report

      • Electrum wallet botnet infects 152,000 users, steals $4.6mill USD

        In response to this, attackers then started DDoSing legitimate Electrum servers in an attempt to trick older clients into connecting to malicious nodes, while legitimate nodes becoming overwhelmed.

        Rapidly Growing Electrum Botnet Infects Over 152,000 Users; Steals $4.6 Million

      • Ethereum.org has gone through a redesign relaunching as a work in project like Ethereum itself being iterated by the community just like Ethereum.

        r/ethtrader - ethereum.org completely redesigned

        Bitcoin whale moved $212 million in cryptocurrency - for just $3.93

    • Vitalik and Elon chat on Twitter (Story 1)

      Elon Musk on Twitter

      • Elon Musk on Monday sent out a one word tweet, Ethereum. Then apparently said jk. Then Vitalik got involved and said to come to Devcon in Denver. THe internet erupted. How absurd is it that someone can just say one word on the internet and have the internet in an uproar.
      • Then Elon asked what should be developed on Ethereum and Vitalik replied with a mini tweet storm on projects with different use cases he likes on the Ethereum platform
      • MolochDAO, Ethereum Name Service, Ethresear.ch, Hurricaneguard.io were all named.
      • then a bunch of trolls on twitter said dumb things about tesla and crypto. Justin Sun got in there to mention Tron, all the regulars (Pomp, Ari David Paul, Neeraj)
      • hope something comes of it at some point
    • Crypto_Brahma Scam - Brent
      • I don't know anything about who this was before - but I looked into it a little bit because of this letter I came across on Twitter to his "group" .
      • He ran a paid Discord group where you could join and get some trading advice and get gems from him. ONLY 35 MONTHLY MEMBERS....but he was actually running two of these exclusive groups simultaneously.
      • It was called the fucking Moon Club
      • Apparently at some point he decided to do a fund.
      • ANNNNNNNND It's gone.
      • https://twitter.com/The_CryptoArnie/status/1123215814998540289/photo/1
      • Literally he took everyone's money, gambled it via a bad call on Margin trading, and then sent a letter saying that he'd totally get everyone their money back. He just needed to clear his head so that he could trade in a stress free environment. Timeline - 5 Months. LOLOL

    • Millions in Crypto Stolen first quarter 2019.... and its gonna need laundering (Karim)

      • Article based on a report by company called CipherTrace, 'Q1 2019 Cryptocurrency AML Report'
      • Estimates $356 million stolen, and payments from US based exchanges to offshore crypto wallets up 46%
        • $16m from Cryptopia in January
        • CoinBene and DragonEx (Singapore) combined $46m in March (ETH backed)
        • Bithumb in S Korea $13m in EOS stolen and (allegedly) another $6m in Ripple
          • Company described it as an "accident involving insiders" lol
        • Coinbin also S Korea forced into bankrupcy after loosing $26m, blamed an insider
        • And then there's QuadrigaCX...
          • The report 'tentatively' categorized the $190m as theft as opposed to hack or exit scam
      • Bottom line this money has to be cashed out in innovative ways to turn it into cash, and a lot of ways to exit US and European jurisdictions.
      • Article concludes with a warning that "A tsunami of tough, global antimoney laundering and counter-terror financing regulations will “roll over” the cryptocurrency ecosystem throughout the coming year",
      • Even links to an article showing Finland just recently adopted AML regulation for crypto

      • But one thing to keep in mind......

    • Austin Transportation Partners With Iota Foundation to Develop Interoperability Ecosystem ADAM

      • visions of a system in which every transit system can interact with the same payment app and a single digital identity
      • this is the second partnership this week. the other is United Kingdom car manufacturer Jaguar Land Rover will use Iota’s distributed ledger to reward drivers with cryptocurrency for data reporting
      • Iota and internet of things (IoT) firm Evrythng announced a partnership to combine and apply their distributed ledger and IoT technologies to provide greater transparency for consumer goods supply chains

    • Bank of America secures patent for risk assessment of cryptocurrency transactions; (Karim)

      • BOA secured a patent on April 30 for a cryptocurrency risk detection system.
      • On the basis of the system, a risk score will be levied on cryptocurrency transactions between a customer and a third party.
      • 'Processor' would receive request for transaction with third party, then it can "perform a slew of functions, retrieve blockchain information, determine the value of crypto in the transaction or calculate the “risk score” of the transaction based on the preceding factors."
      • BOA also filed for a patent for crypto storage system for business transactions (Aug 2018)

    • CoinMarketCap turned 6 yesterday - Adam

      Happy 6th Birthday! DATA Alliance, Block Explorers and more - CoinMarketCap

      • transparency alliance for cryptos and exchange. Basically KYC
      • list of 17 things for crypto and 24 for exchanges
      • starts in june 14th
      • CMC blocks explorers much like etherscan which will help users have more visibility into the blockchain
      • merch shop
      • finally have an Android app
      • ios updated version (so the search function ACTUALLY works)

    • Main Story - Tether situation - Brent

      • The NY Attorney General released a statement saying that, among other things, Bitfinex used Tether to mask a missing $850 Million of their assets.
      • The response to the NYAG releasing this from Tether? Decidedly hand wavey - First it was from Bitfinex not Tether, but they're the same. They basically say that the money was "seized" and not hidden. They're setting up for the ol' "if they hadn't said anything it all would have been fine" defense.
      • Lets do a recap of the Tether red flags, YES red flags.
      • The original white paper is unequivocal in the backing of Tether - it will be backed on a 1:1 basis
      • The Paradise Papers leak showed that Phil Potter and Giancarlo Devasini are both a part of There and Bitfinex.
      • $30 Million dollars was "Stolen" but don't worry Tether won't be redeeming those Tethers so it's all fine.
      • They hired and fired an auditor named Friedman LLP.
      • They took any promise of getting audited out of their FAQ.
      • A few months ago we reported this but it bears mentioning again - Tether took down it's 100% backed statement and replaced it with a new one. "Every tether is always 100% backed by our reserves, which include traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities (collectively, “reserves”). Every tether is also 1-to-1 pegged to the dollar, so 1 USDâ‚® is always valued by Tether at 1 USD."
      • Now it gets even worse.
      • The Lawyer for Tether has admitted to the court in plain english that as of April 30, Tether is only about 74% backed by fiat equivalents, which is cash and short term securities.
      • It looks like this "seized" amount is a line of credit from Tether to Bitfinex, which is most likely going to function as one of those cash equivalents.
      • Tether did say that the terms of this credit line were negotiated "on an arms length basis on commercially reasonable terms"
      • Both agreements were singed by the same guy - Giancarlo Devasini.
      • Attorneys are arguing that Tether doesn't have to be 100% backed, it totally says so on the website.
      • If BSV got delisted because CSW is an asshole, I'm really hoping the community would put pressure on the exchanges to delist Tether.
      • They aren't.
      • Bitcoin maximalists like Adam Back seem to be aligned with Tether her, even comparing it to fractional reserve banking saying that it's way better than them. Sometimes the Bitcoin community makes it really hard to like them.
      • Finally - the ETH wallet on Bitfinex has been drained of 800k ETH in the last week, and they only have 1.1M ETH left. Good luck to all that have funds on there :(

      • LINKS

        https://www.coindesk.com/tether-lawyer-confirms-stablecoin-74-percent-backed-by-cash-and-equivalentshttps://www.reddit.com/r/CryptoCurrency/comments/b0wmuo/tether_once_again_pulls_a_sneaky_update/

        coindesk.com/tether-claims-30-million-stable-token-stolen-attacker

        https://news.bitcoin.com/paradise-papers-reveal-bitfinexs-devasini-and-potter-established-tether-already-back-in-2014/

        https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=vIexA1b0spKOnK_PLUS_ZUGTJ3A==&system=prod

        https://www.tetherreport.com/

        https://www.allcryptowhitepapers.com/tether-whitepaper/

    • Shots Fired!

      • Reddit User M0ountainDew - Dear Justin sun this is not a "comprehensive developer guide" this is just a list of where to buy Tron.

        It's literally a list (barely any of them linked) in alphabetical order - but Binance is at the top over aBCC Exchange.

        https://www.reddit.com/r/CryptoCurrency/comments/bjl2b9/dear_justin_sun_this_is_not_a_comprehensive/

        https://archive.is/50Uxm

      • You know we like to keep you up to date on Substratum bullshit

        Brian and William were posting again this week.

        Substratum Deleted the Team Members page of their website.

        Originally it could still be accessed directly just not clicked on from the main site.

        Now it's gone completely

        They also took down their whitepaper. Only "technical paper" is left.

    Episode 176 - Binance Coin and more Apr 27, 2019

    FLAGSHIP FRIDAY 176

    • Rapid Fire

      • Yelp added a filter for whether a place accepts cryptocurrency or not.

      • BRAVE ADS ARE LIVE! Butttttttt not in my region. Damnit.

      • https://cryptocurrencynews.design/nike-releases-patent-for-cryptokicks-cryptocurrency/

        • files for patent in cryptocurrency space. The patent is for something called "Cryptokicks". Pure speculation but it could be a way to get shoes on the blockchain so when a shoe changes owners, it is cemented there. Secondary markets are huge with shoe sales. Also, could be an incentive system, reward mechanism so people can get CryptoKicks coins every time they purchase a Nike shoe.

        TD Ameritrade Reportedly Testing Bitcoin (BTC) and Litecoin (LTC) Trading - BeInCrypto

    • Bandit makes off with Million of ETH by brute force - BRENT

      • Has gotten away with nearly 45,000 ETH
      • There was a firm that was trying to find a way to guess wallets
      • They started with wallets that began with the number 1.
      • They then tried to narrow down the wallets with 2, 3, 4, and so on
      • When they actually managed to guess some, they were a little shocked to realize that the wallets had already been emptied.
      • They found 732 wallet keys with this method
      • They were all emptied by the same attacker
      • Their conclusion is that some ETH private keys can be guessed by using cloud computing tech - and this was likely from a wallet provider taking shortcuts in the code and cutting off a lot of the complex parts.
      • Or that the wallet's code was malicious to begin with.
      • They were also able to replicate the experiment on Bitcoin, but without finding as many private keys.
      • They still found 100 - and every wallet was also already emptied.

    • BMW announces VerifyCar powered by VeChain (Story 1) -

      BMW using blockchain at VeChain Summit 2019

      • "We built a digital ledger using the VeChainThor blockchain, and every interaction of the car will have a stored hash key on the blockchain." - Cihan Albay, Lead of IT Tech Office Singapore BMW Group
      • This was announced at VeChain's first summit April 18th in San Francisco.
      • 3 blockchain use cases for why BMW - mobility services such as DriveNow & ParkNow to allow users to share cars like what Airbnb has done for the housing market. Supply chain and blockchain can help organize everything. Customers - help with loyalty programs and other financial services
      • VeChain has successfully gone thru the StartUp Garage, BMW's four month incubator and are working together moving forward
      • VerifyCar is a vehicle digital passport. Apparently odometer fraud is a big problem in the automotive industry. 1/3rd of all vehicles sold have manipulated odometers in Germany ($3400 fraud per car). This will allow verification of odometer and the maintenance history to be on the blockchain.

    • Samsung has been doing some blockchain signaling. (BRENT)

      Samsung Developing Ethereum-Based Blockchain, May Issue Own Token - CoinDesk

      • First, they've invested $2.9 Million into Ledger. Check the shownotes for a ledger nano S referral link :)
      • Clearly they've heard the rumor that their wallet sucks

      • They're not done.

      • They've also started to develop an ETH Based sidechain

      • They aren't necessarily making Samsung coin
      • They're leaning towards a private blockchain.

    • Binance DEX (BRENT)

      • Let's talk a little about the Binance "Decentralized Exchange"
      • Firstly this all comes with a migration to the Binance main-net
      • CZ has been very clear ETH is superior to their coin.
      • Binance coin has been one of the better investments of the year, we agree with a lot of what CZ does, and Binance is in my opinion a trusted exchange.
      • Here's the thing about the Binance "DEX" It's not really a DEX at all. They are not holding your crypto, but they also do have full control of the trading systems.
      • In the terms and services it does appear that they can freeze your assets. They might not be able to move them because they don't have custody, but they can stop you from doing so.
      • It's centralized because it's on a Delegated POS system, and it appears Binance has all the nodes.
      • Even though it's non-custodial, they DO actually default act as custody of anything that isn't native to the BNB chain.
      • They do have some interesting governance behind the fees. The community votes on the listing of a coin that has applied to list. The Validators in theory vote like the community has asked. They have 4 vote options, yes, no, no veto, and abstain. If majority is yes it gets listed. Majority is no then it doesn't. If one third of votes are veto, it gets killed.
      • They have to deposit 1000BNB which they get back if they get a yes vote.
      • They have to pay 2000BNB to become listed, unclear but I think it goes to the network.
      • They do intend to implement atomic swaps on the main-net, but they also will be giving their version of BTC tether.
      • Terms screenshot
      • Getting your coins listed

    • Shots Fired!

      • Justin Sun talks about having a partnership with the legendary Liverpool Football Club. LFC immediately denies he has a partnership. Justin Sun misconstrues a boilerplate email sent to hundreds of prospective companies as a partnership. https://decryptmedia.com/6684/tron-liverpool-football-club-fc
    Episode 175 - Attacking Blockchains with Anthony Lusardi Apr 23, 2019

    Anthony Lusardi is back on the show and he's here to explain all the different ways that we can attack a blockchain. They're not perfect yet, and there's a lot of work to be done. We're so glad he's back on the show to really drive home some of these points.

    Check out the links below to see more of Anthony's content!

    Subscribe on iTunes - https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2&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 has BTC - https://cash.me/app/RMFXXXL
    Cryptobasicpodcast@gmail.com

    Crappy Photography - https://crappyphotography.com/
    Anthony Lusardi's Twitter - https://twitter.com/pyskell?lang=en
    Medium Articles - https://medium.com/@pyskell
    Anthony on Vlad's Previous Show - https://www.youtube.com/watch?v=bOxhBxaIPi0
    Anthony on CryptoDaily - https://www.youtube.com/watch?v=vMwwd0fHLWc

    Episode 174- Craig Wright is a Turd Apr 20, 2019

    You’ve seen the drama. We’re a little late to the party but we weight in on the ridiculous Craight Wright and Calvin Ayre antics. We stand with Hodlnaut, we stand with Peter McCormack, and we can’t wait to see this court battle for the ages. We also talk about the Satoshi Treasure prize that’s out there, the US states rulings with regards to crypto laws, and talk about Forbes articles because we can.

    Subscribe on iTunes - https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2&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 has BTC - https://cash.me/app/RMFXXXL
    Cryptobasicpodcast@gmail.com

    Coinbase added 11 more countries for crypto-crypto trading - https://www.notion.so/cryptobasic/Flagship-Friday-Template-174-761f5338a23b4a5c89cd8bad0cc6f04b#b3723ee763bd40819b47dde40a303001
    Crypto.com Lists ENJ - https://www.notion.so/cryptobasic/Flagship-Friday-Template-174-761f5338a23b4a5c89cd8bad0cc6f04b#90291bcf65e843f9834c820f283e6480
    Brave rewards is Live in android. - https://brave.com/brave-rewards-now-on-android/
    Check out the Binance Academy - https://www.binance.vision/playlists
    Bitcoin Fees are the highest they've been in over a year - https://www.coindesk.com/bitcoin-fees-jump-to-nearly-1-year-highs-but-why
    Craig Wright shit - https://www.notion.so/cryptobasic/Flagship-Friday-Template-174-761f5338a23b4a5c89cd8bad0cc6f04b#5981e250e8ec4da68223bb6e23e6aaaf
    Kraken Delists - https://www.notion.so/cryptobasic/Episode-174-761f5338a23b4a5c89cd8bad0cc6f04b#5981e250e8ec4da68223bb6e23e6aaaf
    More CSW Fraud - https://www.notion.so/cryptobasic/Episode-174-761f5338a23b4a5c89cd8bad0cc6f04b#3a47fd19f0404919b848abf66312fe81
    Satoshi's Treasure - https://www.notion.so/cryptobasic/Flagship-Friday-Template-174-761f5338a23b4a5c89cd8bad0cc6f04b#bf0e0f9000e745829102cbbbbe8746c6
    Nomics Ratings - https://nomics.com/exchanges
    Nomics Article - https://blog.nomics.com/essays/transparency-ratings/
    Forbes and huge companies - https://www.notion.so/cryptobasic/Episode-174-761f5338a23b4a5c89cd8bad0cc6f04b#40ffdf092e654828a5ee2815a429559c

    Episode 173 - Adam "Roothlus" Levy Casting Couch Apr 17, 2019

    Adam "Roothlus" Levy. He's famous in the poker world and he's about to be famous in the Crypto World. Why do you ask? Because he's joining the ranks of the CryptoBasic Podcast. And it's time to talk with him and see what he's like, who he is, and what stories he has to bring to the table in this edition of the cryptobasic podcast.

    Subscribe on iTunes - https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2&at=1001lJEw
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    Adam Twitter - https://twitter.com/search?q=Roothlus&src=typd&lang=en
    Vitalik Clapping - https://www.youtube.com/watch?v=7lmNpMSPu0k
    Whiteboard Video - https://www.youtube.com/watch?v=Ja9D0kpksxw
    Adam vs Phil Hellmuth - https://www.youtube.com/watch?v=Xuoc_M4HNGM

    Episode 172 - Bittrex kicked out of NY, Assange, and more Apr 12, 2019

    Coinbase is adding a debit card - is crypto being adopted sooner than we think? Who knows?! We also go over the Wikileaks founder Julian Assange being expelled from his embassy even though we don't know anything about it - and we reiterate that Craig Wright isnt' Satoshi.

    Subscribe on iTunes - https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2&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 has BTC - https://cash.me/app/RMFXXXL
    Cryptobasicpodcast@gmail.com

    Help Support the show

    Coinbased Debit Card - https://www.forbes.com/sites/billybambrough/2019/04/10/coinbase-and-visa-are-making-bitcoin-ethereum-ripples-xrp-and-litecoin-payments-a-reality/#6399946d5943
    First black hole pic - https://www.sciencenews.org/article/black-hole-first-picture-event-horizon-telescope?utm_source=reddit&utm_medium=social&utm_campaign=r_science
    NYDFS - https://www.dfs.ny.gov/system/files/documents/2019/04/dfs-bittrex-letter-41019.pdf
    Bitcoin Interest - https://imgur.com/gallery/AiyVWgo
    China wants to ban - https://www.reuters.com/article/us-china-cryptocurrency/china-says-it-wants-to-eliminate-bitcoin-mining-idUSKCN1RL0C4?feedType=RSS&feedName=businessNews&utm_source=reddit.com
    China again - https://www.reuters.com/article/us-china-cryptocurrency/china-says-it-wants-to-eliminate-bitcoin-mining-idUSKCN1RL0C4?feedType=RSS&feedName=businessNews&utm_source=reddit.com
    LA Times and Wash POst -https://twitter.com/batgrowth/status/1116264266649280513
    Harvard investing - https://www.notion.so/cryptobasic/Flagship-Friday-172-7ff997ae1fba44b7977dfaa9dd681d00#78295898ac844b0fbf445a942cf0201a

    Episode 171 - SEC Speaks on Crypto, Tron's Teslas, and more news. Apr 05, 2019

    The SEC has made some more information public about crypto, do they narrow anything down? CNBC says don't buy Bitcoin. Bithumb was hacked for $19M (but it was in EOS and XRP so who cares) - Tron gives away a Tesla, kinda? The EU has a new blockchain consortium. Andreesen Horowitz is Blow up the VC world.

    Subscribe on iTunes - https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2&at=1001lJEw
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    Help Support the show

    Links from the show
    https://imgur.com/1tZ5FU3
    Twitch removed subscrption - https://bloxlive.tv/stories/s73news/17988-20190329-nob/88916-amazons-twitch-streaming-service-removes-crypto-payments
    Nanex Exchange is shutting down - https://medium.com/@nanex/nanex-is-shutting-down-april-30th-9b3f48d52b7f
    DASH Default Privacy - https://cdn.discordapp.com/attachments/444548130122498049/562802731476320257/image0.png
    SEC Statement on Crypto - https://www.notion.so/cryptobasic/Flagship-Friday-170-4-5-19-368e54e185c24544b5f54265b3c8afdf#f95a4539759949b8ac81e4e5ef75a3cd
    SEC PDF - https://www.sec.gov/news/public-statement/statement-framework-investment-contract-analysis-digital-assets
    Don't buy Bitcoin - https://www.cnbc.com/amp/2019/04/02/dont-buy-bitcoin-says-wealth-manager-peter-mallouk.html
    Bithumb Hacked - https://www.coindesk.com/crypto-exchange-bithumb-hacked-for-13-million-in-suspected-insider-job
    Tron Video - https://archive.org/details/TodayIsTheDayCongratulationsTouzgarothForWinningTheTeslaDMMeWithYourContactInfor
    EU Blockchain Association - https://venturebeat.com/2019/04/03/eu-launches-blockchain-association-to-accelerate-distributed-ledger-technology-adoption/
    It Crowd Clip - https://www.youtube.com/watch?v=g9ixvD0_CmM
    Andreessen Horowitz VC Game - https://www.forbes.com/sites/alexkonrad/2019/04/02/andreessen-horowitz-is-blowing-up-the-venture-capital-model-again/#7bf16e347d9f
    Volume at all time high - https://coinrivet.com/cryptocurrency-trade-volume-hits-new-all-time-high/
    Waves taunts Justin - https://twitter.com/wavesplatform/status/1112683718882328577?s=19
    Elon Shits on Btc - https://twitter.com/elonmusk/status/1113009339743100929
    Elon Shits on SEC - https://www.forbes.com/sites/billybambrough/2019/04/03/as-bitcoin-soars-teslas-elon-musk-reveals-his-surprise-fav-cryptocurrency/#5ea08dc169ba
    Become a patron - https://www.patreon.com/bePatron?u=9506233

    Episode 170 - Peter McCormack Apr 03, 2019

    Peter McCormack is a podcaster with a particular love for Bitcoin in the space. He's flown around the globe to interview some of the most important people in cryptocurrency, and he's really done well along the way.

    He's interviewed people that won't sit down with anyone else, and he's done so consistently for years. Peter decided he would come on the CryptoBasic Podcast and have a chat with Brent about podcasting, the pressures, the problems, and of course - how he wouldn't trade it for anything else.

    Subscribe Via iTunes - https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2

    CrryptoBasic Website - https://www.cryptobasicpodcast.com

    SUPPORT THE PODCAST -

    Patreon - https://www.patreon.com/CryptoBasic
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    Join the Discord - https://discordapp.com/invite/cQe8wGf
    E-mail us at - CryptoBasicPodcast@gmail.com

    **Links From the Show**

    The What Bitcoin Did Podcast - https://itunes.apple.com/gb/podcast/what-bitcoin-did-podcast-bitcoin-crypto-trading-strategy/id1317356120?mt=2

    Website including income report - https://www.whatbitcoindid.com/

    Peter's Twitter - https://twitter.com/petermccormack

    The What Bitcoin Did Youtube - https://www.youtube.com/whatbitcoindid

    Peter's Medium - https://medium.com/@whatbitcoindid

    Facebook - https://www.facebook.com/whatbitcoindid/

    Reddit - https://www.reddit.com/user/mccormack555/

    Episode 169 - Metamask, Fake Trades, and more Mar 30, 2019

    # Episode 169 - Flagship Friday

    Today we talk about everything from Formula One Racing to Metamask. Karim, Adam, and Brent are hardly able to even get through a rapid fire section without some commentary, and they go over the dumb and dumber that is the Weiss Ratings on this edition.

    - Rapid Fire

    [Fidelity has so many people at the firm on board with crypto. The MOST RELEVANT real money firm is turning into a crypto culture. How great is it that the work culture is beaming with crypto enthusiasts. It’s a part of the pipeline that needs to be laid for mainstream mass adoption](https://twitter.com/aridavidpaul/status/1110824390646743041?s=21)

    [Ari Paul ⛓️ on Twitter](https://twitter.com/aridavidpaul/status/1110824390646743041?s=21)

    [Initial Exchange Offering -](https://www.reddit.com/r/ethtrader/comments/b6b2ev/initial_exchange_offering_a_new_alternative_to_ico/?st=JTSBN1LZ&sh=fd4021d2)

    [r/ethtrader - Initial Exchange Offering: A New Alternative to ICO?](https://www.reddit.com/r/ethtrader/comments/b6b2ev/initial_exchange_offering_a_new_alternative_to_ico/?st=JTSBN1LZ&sh=fd4021d2)

    [Tether had 100% of the Stablecoin market this time last year. Now it's 75%](https://twitter.com/ceterispar1bus/status/1109782306372255744?s=20)

    [r/ethereum - The Samsung Galaxy S10 has shipped but only users in Germany, Korea and the U.S. are able to use its crypto features for now. Not a bad start!](https://www.reddit.com/r/ethereum/comments/b6660y/the_samsung_galaxy_s10_has_shipped_but_only_users/)

    - [Formula One is getting into blockchain](https://www.trustnodes.com/2019/03/27/formula-one-enters-partnership-to-launch-ethereum-based-blockchain-game). - Adam
    - They will have nfts in the game. Makes me think you’ll be able to collect cars old and new
    - What are some of the best games you’ve seen in the blockchain space so far?
    - Formula One, or their parent company Liberty Media, has not yet responded to confirm the partnership, with it unclear at this stage whether they’ve just bought the branding rights or whether there is closer collaboration.
    - This is actually a big deal for blockchain gaming

    [Formula One Enters Partnership to Launch Ethereum Based Blockchain Game](https://www.trustnodes.com/2019/03/27/formula-one-enters-partnership-to-launch-ethereum-based-blockchain-game)

    - [Metamask has been in the news](https://twitter.com/metamask_io/status/1110989506134446081?s=19) - Brent
    - Metamask has a setting that makes it non-private. It basically does this to communicate with DApps, but in doing so it basically broadcasts your public ETH address to every website that you access.
    - They've always had a private mode, but it would make it a little clunkier to operate with the sites that it integrates with (imagine like using radar relay, they already know you have metamask when you go there).
    - Well the community started to have an outcry about this and doesn't want their address broadcast like this by default.
    - What would other coins do?
    - What metamask did.
    - [Weiss ratings](https://weisscrypto.com/en/cryptos/screener/shared/coins-by-market-cap) are out! Lets play ESPNnnn - Karim
    - 3 Categories
    - Overall rating
    - B- Bitcoin, Ripple, EOS, Binance
    - C+ ETH, LTC, Stellar, Cardano, Tron, NEO
    - C Monero
    - Technology/Adoption Rating
    - A Btc, Ripple, EOS
    - A- Eth
    - B+ Stellar, Litecoin, Cardano, Neo, Zcash, Bitshares, Steem
    - Investment Risk/Reward Rating
    - B Binance
    - C- Litecoin, Holo
    - No one got an Overall A,
    - [Imagine having to convince your grandmother to start using cryptocurrency.](https://www.reuters.com/article/us-crypto-currencies-compliance-idUSKCN1R90FR) - Adam

    [Compliance officers wary of switch to 'Wild West' crypto sector](https://www.reuters.com/article/us-crypto-currencies-compliance-idUSKCN1R90FR)

    - Thats loosely what these head hunters are going through.
    - The crypto world is burgeoning and these companies are looking to recruit employees from comfy positions while making them understand the importance of cryptocurrency as an innovation. Could unexpectedly be very tough
    - [Saw some bullish news about crypto.com and decided to see what their MCO card is all about](https://help.crypto.com/mco-visa-card/mco-visa-card-limits-and-fees) - Brent
    - Shady af.
    - So they have a bunch of card tiers and a bunch of cool cash back stuff.
    - I had to give them a picture of my ID before I could even find their fees. Literally the FAQ says you have to look in the app for fees
    - On their website everything looks so good - free spotify, 1% cash back bla bla bla.
    - The fees are 3.5% per purchase, and that's without the exchange fee / rate.
    - [Nearly all bitcoin trades are fake???](https://www.technologyreview.com/the-download/613201/nearly-all-bitcoin-trades-are-fake-apparently/?utm_medium=tr_social&utm_source=facebook&utm_campaign=site_visitor.unpaid.engagement) - Adam (With a little side of Brent)
    - Somewhat of a clickbait title but apparently a lot of exchanges participate in something called “wash trading” where most of the volume on the exchanges are fake. Trading back and forth between the same exchange

    [Nearly all Bitcoin trades are fake, apparently](https://www.technologyreview.com/the-download/613201/nearly-all-bitcoin-trades-are-fake-apparently/?utm_medium=tr_social&utm_source=facebook&utm_campaign=site_visitor.unpaid.engagement)

    - Shots Fired!

    [Half of Justin Sun's followers are revealed as Fake](https://www.trustnodes.com/2019/03/24/close-to-half-of-justin-suns-new-followers-revealed-as-fake)

    - Well..his new followers. Basically a standard account should have around 1% of its followers be new users each month. Justin's are 50%.

    [Jack on BCH - "Hell no!"](https://twitter.com/jack/status/1092970006462160896)

    - Patreon
    - Master Node

    Andrew Giles

    Marcel "Bitcoin Mexico" Bosio

    Robert Laverty

    Simon Gordon

    thebiggerboat

    - Secure Node

    Ameya "Degenerate Brahmin" Vaidya

    DisDangus InYaMouth

    Jeff

    Steven "Steve Staples" Stapelton

    the zman

    - Node

    Boris "Early Adopter310" Boychev

    Crypto Tytan

    Fanc1dan

    Laze

    Peter Stewart

    SamMcCallum

    Simon Stokes

    Tyler "The Big Cohoonah" Cohoon

    Episode 168 - Crossover with Bitcoin Takeover Podcast Mar 29, 2019

    This episode Brent did a special crossover with Vlad from the Bitcoin Takeover podcast. Obviously based on the name we needed to keep it Bitcoin, and of course say good things about it.

    That didn't stop Brent he got some good information in there about altcoins, and even admits he was too harsh on Bitcoin itself. Find out how they feel about BTC across the pond, and maybe learn about some political views along the way.

    LINKS TOP TOPICS

    Bitcoin-Takeover.com

    HELP SUPPORT THE PODCAST!

    • Patreon - $1 an episode would be the best thing ever and keeps us afloat.
    • Join our Discord right here
    • Subscribe Via iTunes
    • Binance Jersey referral link - Well we don’t technically use this, because we can’t. Non-US only.
    • Ledger Nano S or Ledger Nano X - 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.
    • CryptoBasic Podcast Email
    Episode 167 - XLM and IBM, SXSW, Tether and more. Mar 23, 2019

    # Episode 167 - Flagship Friday

    - Rapid Fire

    [Co-Founder of Wikipedia says that you should use Brave.](https://larrysanger.org/2019/01/how-im-locking-down-my-cyber-life/)

    [Coinbase Pro ends 0% maker fees.](https://blog.coinbase.com/coinbase-pro-market-structure-update-fbd9d49f43d7)

    [Presidential Candidate Andrew Yang was tweeting about bitcooin corrections in 2013!](https://bitcoinist.com/andrew-yang-2020-president-bitcoin/)

    - [Tether is not fully backed by fiat](https://breakermag.com/tether-now-admits-its-not-fully-backed-by-dollars/) (Bullish or Bullshit?) - Brent
    - From Tether's New Terms - "Every Tether is always 100% backed by our reserves, which include traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities (collectively, “reserves”). Every tether is also 1-to-1 pegged to the dollar, so 1 USD₮ is always valued by Tether at 1 USD."
    - They also made a proof of funds page, to make it seem like they're on par with other stable coins that show what they have in reserve...It's the same document from months ago that says they totally had the funds on a specific day.
    - **[Binance Lite Becomes the Firm’s First Fiat-to-Crypto On-Ramp in Australia](https://www.newsbtc.com/2019/03/19/binance-crypto-cryptocurrency/) - Adam**
    - Over 1300 newsagents (whatever that is) will have access to bitcoin
    - In order to remain compliant with Australian regulations, users need to register with Binance Lite. There's already a map charting all the newsagents in Australia where you can utilize this.
    - Binance is making strides to make their presence known world-wide. Pretty insane for a company less than 3 years old.
    - They also have plans to do the same thing in Singapore.
    - [IBM Partners With Stellar](https://www.ibm.com/blockchain/solutions/world-wire) - Brent
    - 72 Countries, 47 currencies, 44 banks.
    - It's called the IMB Blockchain World Wire.
    - This is basically IBM entry and exit points as a trusted gateway on the Stellar Network.
    - I know they have their own internal Blockchain services.
    - Reddit hates IBM
    - It's already live.
    - Discuss - why didn't they choose XRP?
    - [Facebook’s blockchain cryptocurrency could kill 'fake news'](https://www.computerworld.com/article/3373506/facebooks-blockchain-cryptocurrency-could-mean-big-money-and-kill-fake-news.html)? Or just make them money - Karim
    - As we've covered before FB has begun developing their own cryptocurrency (bloomberg and NYT)
    - FB has not confirmed reports, just admitted to exploring DLT, so the rest of the story is from unamed sources
    - First they claim the crypto would allow you to send money to your WhatsApp contacts, so taking on venmo & paypal -
    - NYT report claimed they already talked to crypto exchanges about it, others argue theyd use a stable coin
    - Barclay's internet analyst Ross Sandler said FB coin would make the company $19b by 2021
    - For funzies - [TipRanks has his 'succes rate' at 61% (145/239)](https://www.tipranks.com/analysts/ross-sandler)
    - Avg return listening to him since 2009 - 7.7% (Ranked 511/5249)
    - S&P in that time? Any guesses?

    ![](sp_2009-2018-ef866823-fcc6-476d-b5ae-8876c1a79caf.png)

    - For funzies =)

    ![](SELL!-add9b51d-124e-4891-8d49-daf486ad29bf.png)

    - part of the idea here is higher customer conversion rates, you already have currency on the platform and FB keeps payments in their own network
    - FB could also use cryptography to authenticate users through hash keys, and making sure people posting new are people and not bots (dont think this really handles it)
    - Could also help with General Data Protection Regulation (GDRP) since users could control data and delete it by for example deleting their hash, making info not accessible
    - n order to authenticate them; it means Facebook now becomes the repository for a lot of personally identifiable information....

    - [Cisco Reports: By 2027 Blockchain Will Capture 10 Trillion of the Worlds Wealth](https://toshitimes.com/by-2027-blockchain-will-capture-10-trillion-of-the-worlds-wealth/](https://toshitimes.com/by-2027-blockchain-will-capture-10-trillion-of-the-worlds-wealth/)) - Adam
    - By 2027 blockchain will capture 10 trill of the world's wealth.
    - This is from Cisco, not just anyone talking about blockchain
    - Joe Lubin believes in twenty years half of the world's wealth will be on blockchain
    - True innovation is the ability to automate trust between two parties using it
    - Cisco report claims 83% of execs believe trust is the cornerstone of the digital economy
    - SHOTS FIRED! (There's one of these big enough for a story)
    - [Craig Wright Leaves Twitter!](https://www.longhash.com/news/craig-wrights-twitter-account-disappears-along-with-10000-tweets) (Bullish or Bullshit?) - Brent
    - [He deleted 10,000 Tweets in about 24 hours.](https://ambcrypto.com/craig-wrights-twitter-account-gets-suspended-following-threatening-tweets/)
    - He decided to say he'd sue anyone that copied his tweets or harassing him.
    - As you know the internet usually responds well to this.
    - Bots were popping up left and right with his name on them.
    - Even Jihan Wu from Bitmain was following the fake CSW account.
    - Some stupid Tweets by CSW.
    - He complained about not being in CoinDesk's most influential people in Crypto. Coindesk responded. "But...but...'Satoshi Nakamoto' IS on the list! ;p"
    - in 2017 he said 2018 was the year of BCH.
    - He said Bitcoin isn't Trustless earlier in 2018.
    - Told people who thought Bitcoin was permission-less to go work on EOS.
    - Said BTC would go down to 1000.
    - He answered the question "Will you attack your enemies or let them all on their own" with "Yes"
    - This is it. Screw you Toddler. I am going to undelete my writings. You want competition... screw you. I am going full billionaire mode. You want this. You get it. You asked for this. You will not like what is coming! You think I cannot choose what I prove, to whom.... watch - June 2018
    - He tweeted in August 2018 some code out as a response to someone saying he couldn't print hello world - it was copy pasted.
    - Remember that one of Craig's proof attempts that he's Satoshi are from a paper he wrote in "2001" that was very similar to the Bitcoin whitepaper...but it was similar to the 2nd draft that was released not the first lol.
    - And of course his "signature" was just public information as well.
    - Mailbag
    - Patreon
    - Exit

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    Episode 166 - CRYPTO Movie, and some more fun stuff. Mar 15, 2019

    - Rapid Fire
    - [Stellar (XLM) Listed on Coinbase pro](https://www.coindesk.com/stellar-lumens-is-about-to-begin-trading-on-coinbase-pro)
    - [Someone posted on reddit that the sites CrashDoge, CrashingBitcoin, and CrashingCrypto are scams](https://www.reddit.com/r/CryptoCurrency/comments/azh66t/crashdoge_crashingbitcoin_and_crashingcrypto_are/)...WOW that was a hard one to figure out. Also they are run but someone named HERPES.
    - [You actually can earn BAT now on the developer Brave Browser](https://brave.com/ad-platform-enters-second-phase/), we incorrectly reported you could before.
    - [OneCoin leader arrested for scamming in the US.](https://www.coindesk.com/a-multibillion-dollar-cryptocurrency-based-on-lies-us-arrests-alleged-onecoin-leader)
    - [This Stupid Ass Movie](https://www.youtube.com/watch?v=kYZut3DWvek&t=10s) - Shoutout @anthony in the CB Discord.

    [https://www.youtube.com/watch?v=kYZut3DWvek](https://www.youtube.com/watch?v=kYZut3DWvek)

    - [The NEO Blockchain was DOWN for over an hour.](https://www.reddit.com/r/CryptoCurrency/comments/azfiuz/the_neo_blockchain_is_down_for_over_1_hour/) (BULLISH OR BULLSHIT) - Brent
    - This was because of ONE node.
    - Obviously the response was "centralized POS"
    - But, this is what we're supposed to get.
    - The way their consensus works is that if they do have a downed node, they keep trying until they get consensus. If they don't get it, they try 15 seconds later, then 30, then 60, then 120, then 240 etc.
    - They is actually based on probability - once a node goes down this starts firing and most of the time it happens on the first try, but it COULD go as high as 10 retrys in a very unlucky scenario which would be over 4 hours.
    - NEO is still centralized, and that's part of your tradeoff.
    - [Binance adding Ripple to their Trust Wallet. Also, credit card support available.](https://decryptmedia.com/5841/binance-trust-wallet-xrp-credit-card) Brent
    - Their trust wallet is similar to other offerings by coinbase, ENJ, etc. It's in the app store.
    - They have plans for web, desktop, and hardware wallets.
    - There's a bunch of coins in this one - ETH, ETH Classic, Gochain, POA Network, Vechain, Tron, Wanchain, Callisto, ICON, Bitcoin, Litecoin, BitcoinCash, TomoChain, Dash, Zcash, Zcoin, XRP - Legit don't even know what half of those are.
    - The person that nails this first could be the paypal.
    - Metamask is continually improving their experience though.
    - Coinbase has something similar.
    - [ETH Is not a security](https://coincenter.org/link/sec-chairman-clayton-just-confirmed-commission-staff-analysis-that-ethereum-and-cryptos-like-it-are-not-securities) @Karim Baruque this looks like it's all you
    - Story starts with a comment back in June of 2018 from the SECs Director of Corporate Finance (William Hinman)
    - "[Based on my understanding of the present state of Ether, the Ethereum network and its decentralized structure, current offers and sales of Ether are not securities transactions](https://coincenter.org/link/a-top-sec-official-said-that-ether-is-not-a-security)."
    - Remember the Howey test?
    - Citrus farmers in FL 1946, went to the supreme court after SEC sued
    - SC developed landmark test. :A transaction is an investment contract if...
    - 1. It is an investment of money
    - 2. There is an expectation of profits from investment
    - 3. the investment of money is in a common enterprise
    - 4. Any profit comes from the efforts of a promoter or 3rd party

    - "When the efforts of the third party are no longer a key factor for determining the enterprise’s success, material information asymmetries recede. ... the ability to identify an issuer or promoter to make the requisite disclosures becomes difficult, and less meaningful."
    - A group wrote a letter to the SEC Chairman to see if this was just an opinion or represents position of the SEC
    - "I agree with Director Hinman's explanation of how a digital asset transaction may no longer represent an investment contract if, for example, purchasers would no longer reasonably expect a person or group to carry out the essential managerial or entrepreneurial efforts. Under those circumstances, the digital asset may not represent an investment contract under the Howey framework."
    - [Adoption Segment.](https://www.reddit.com/r/sandiego/comments/ax9sq4/gas_station_now_accepting_bitcoin_at_governor/) @Adam Levy
    - Implementation of crypto in the real world.
    - $0.40 off per gallon if you use btc. What other use cases are there?
    - Austria has advertisements in subways for Bitcoin (bitpanda)
    - there is a website called [shitexpress.com](http://shitexpress.com) where you can buy a pile of dung and send it to someone you don't like using bit coin.
    - yoga studios, restaurants, coffee shops, escape rooms—basically savvy business owners are starting to pop up with more options of payment—some crypto over credit cards
    - first time seeing payment in an SF coffee shop in 2014
    - can any business use Cash app for bitcoin?
    - [Cool chart of crypto ownership in America](https://www.reddit.com/r/ethtrader/comments/b0gwlr/8_of_americans_own_cryptocurrencies/) @Adam Levy
    - 8% of Americans own crypto—think it was closer to 1-2% in early 2017
    - too difficult to understand and too complicated to understand is a solid portion of . I can sympathize as it is not intuitve at all but once you learn it, it becomes second nature. Think going from windows to ios
    - most are just "not interested"
    - some say it's too high risk which, fair enough
    - During the 2017 boom, there were roughly 40k new CB users a week signing up. I'd say 8% seems about right.
    - [https://cointelegraph.com/news/us-state-of-colorado-passes-crypto-exemptions-bill-into-law](Colorado Crypto Exemptions Bill)
    - Colorado Digital Token Act. Colorado is "trying to provide clarity for the sector. That doesn't mean charlatans can violate security laws"
    - "digital token" as “a digital unit with specified characteristics, secured through a decentralized ledger or database, exchangeable for goods or services, and capable of being traded or transferred between persons without an intermediary or custodian of value

    ## Crypto Around the World

    - Mailbag

    From the zman in CB Discord:

    with all the hype surrounding game of thrones return in april, the BBs were wondering:
    1. which GOT character do you believe you are most like?
    and
    2. which GOT character reminds you the most of your co-host(s)?

    - Rants

    Brent hates Enjin (not quite)

    Samsung Blockchain Wallet Less Shitty

    - ETH, TUSD, BAT, REP, REVAIN, Chainlink, Aeternity, Paxos, Maker, USDC, PundiX, BNB, CosmoCoin, Bytom, OMG, Pupulous, Vechain, ZRX (NO TETHER)
    - Patreon
    - Exit

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    Episode 165: Coinbase is scum, Brent got hacked, and Roothlus is back on the show. Mar 08, 2019

    There's a special guest on the show - Adam "Roothlus" Levy. He's going to help us navigate these murky waters of scams, bullshit stories, and more. Why is Coinbase losing good will? Why is Kraken gaining it? Why wasn't Brent hired at Kraken? Also - Brent got hacked on this edition.

    # Episode 165 - Flagship Friday

    [QuadrigaCX Granted 45 More days to repay funds](https://u.today/quadrigacx-granted-45-more-days-to-recover-lost-140-mln-exchange-may-be-sold-later-on)

    [Bitgrail CEO must repay 170mil](https://whichblockchain.com/news/bitgrail-ceo-must-repay-170-million-in-missing-funds/)

    [XRP and XLM were approved by Thailand SEC](https://www.reddit.com/r/CryptoCurrency/comments/aw52k8/xrp_xlm_approved_by_thailand_sec/)

    [IOTA Released a Testnet without the COO - AND they went fully discord transparent.](https://blog.iota.org/a-coo-less-testnet-879ad17ca1af)

    [ENJ Released their SDK for Unity](https://twitter.com/enjin/status/1102362183462195200?s=09) - They're not on Samsung though.

    - You know we gotta do our weekly QuadrigaCX Update.
    - [First of all last week Kraken offered a $100k reward](https://blog.kraken.com/post/2155/were-offering-a-100000-reward-for-discovery-of-quadriga-coins/) for any information regarding the QCX situation that leads to the discovery of funds.
    - They also put out two full podcast episodes about it. ([Their 3rd](https://www.kraken.com/#episode3) and [4th episode](https://www.kraken.com/en-us/learn/podcast#episode4)). They're combined almost 3 hours worth of information. I didn't listen.
    - [It fuckin worked somehow.](https://www.reddit.com/r/CryptoCurrency/comments/avwzce/breaking_over_600k_ethereum_belonging_to/) They found over 600k in ETH the next day. Roughly 90-100M depending on the ETH price at the time.
    - Some of it was on Kraken lol. Most of it was on Bitfinex.
    - Even though some was found, this doesn't necessarily mean that it was QCX or that it can be recovered.
    - There's somehow more.
    - ***[Their cold wallets were found empty.](https://www.reddit.com/r/CryptoCurrency/comments/ax6i7q/quadrigacx_plot_thickens_as_cold_wallets_are/)***
    - Guess who was never audited before now?
    - Guess who else still hasn't been audited?
    - Guess where most of that found ETH was?
    - [New Bitcoin Betting Game Adds Thousands of Waitlisted Users](https://www.coindesk.com/bitcoin-betting-game-hxro)
    - You can bet on MOON (up) or REKT (down) with a new card where you can place bets starting every five minutes.
    - The company is called HXRO (Hero) and they plan on releasing new betting games down the road.
    - Beta started Jan 1st and over 115k people on the waiting list
    - Guess this is a simplified version of Augur?
    - Seems popular thus far.
    - COINBASE IS SCUM!!!
    - [So Coinbase acquired a team called Neutrino](https://www.coindesk.com/what-coinbase-needs-to-learn-from-the-neutrino-scandal).
    - They had a team that all worked on a project called [Hacking Team](https://en.wikipedia.org/wiki/Hacking_Team#Controversies), which was a startup that specifically aided some shady governments in some authoritarian practices.
    - They helped surveillance of citizens by selling its project to - Sudan, Bahrain, Venezuela, Morocco, Saudi Arabia, and Kazakhstan
    - The UN actually got involved and told them they were selling weapons to Sudan, and they were worried about them being used to target Darfur belligerents. Hacking Team said they never had dealings with Sudan.
    - After the UN Got involved the Italian government froze any exports that the team could make.
    - Someone hacked them and their Twitter and release a 400GB data dump, which Wikileaks even retweeted. Dealings with Sudan confirmed, and there was even an invoice to Lebanon. How did "Hacking Team" get hacked? Well their password was P4ssword, and they also used wolverine and universo.
    - Standard response - don't download that leak it has a virus and it's also all not true (paraphrasing Christian Pozzi, team member). His Twitter was immediately hacked.
    - As of 2016 they were still allowed to sell spyware...just not outside of the EU. They had 70 clients as of 2015.
    - They won an award in 2013 - One of 5 Corporate Enemies of the Internet!
    - Coinbase original statement -It was “aware that Neutrino’s co-founders previously worked at Hacking Team, which we reviewed as part of our security, technical and hiring diligence,” adding that “Coinbase does not condone nor will it defend the actions of Hacking Team,” but “it was important for Coinbase to bring this function in-house to fully control and protect our customers’ data and Neutrino’s technology was the best we encountered in the space to achieve this goal.”
    - [But they got their act together and fired them all, except the board.](https://www.coindesk.com/coinbase-pushes-out-ex-hacking-team-employees-following-uproar)
    - [They were also aware that whoever Neutrino was supposed to replace was selling user data.](https://messari.io/article/coinbase-executive-says-customer-data-was-resold-by-analytics-vendors)
    - The quote was plain as day ""We are aware of the backgrounds of some of the folks that were involved in Neutrino and we are looking into that,” said Christine Sandler, Coinbase’s head of sales."
    - [Coinbase clarified that she totally misspoke.](https://www.coindesk.com/coinbases-reputation-crisis-crypto-client-data)
    - They say they're totally not sharing *personally identifiable data* with 3rd party vendors. I wonder if there's a thin legal definition for that?
    - **[Thread on Worst Investment You Made](https://www.reddit.com/r/CryptoCurrency/comments/axxy5p/bag_holders_whats_been_your_worst_investment_what/)**
    - Bullish or Bullshit?
    - Thailand's SEC Approves Bitcoin, Bans Bitcoin Cash

    First of all the link was literally to a [BCH/USD Technical Analysis](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-cash-technical-analysis-bch-usd-within-potentially-deadly-ascending-channel-201903011416) blog post

    One little bullet point that says 'News flow - Thailand SEC removed BCH, LTC, & ETC from ICO Fundraising....that's it lol

    Found the actual statement from Thai SEC [here](https://www.sec.or.th/en/Pages/News/Detail_News.aspx?tg=NEWS&lg=en&news_no=23&news_yy=2019)

    They just update the list regularly, last paragraph really hypes it down

    TLDR didnt affect anything and the rest are definitely not legal tender lol. BS

    ## Crypto Around the World

    - **[Argentina Blockchain Adoption](https://www.binance.com/en/blog/309988869718880256/Binance-Labs-BUIDLing-Argentinas-Crypto-Future](https://www.binance.com/en/blog/309988869718880256/Binance-Labs-BUIDLing-Argentinas-Crypto-Future))**
    - Argentina is committed to matching the investment up to $50k USD for every Argentine blockchain project that receives funding from Binance Labs.
    - Argentina already allows you to top up train cards with Bitcoin.
    - [Leaked Transactions Link Major Banks to $8.8 Billion Money Laundering Scheme](https://news.bitcoin.com/leaked-transactions-banks-billion-money-laundering/)
    - The Organized Crime and Corruption Reporting Project (OCCRP) non-profit
    - published a set of reports this week detailing a complex money laundering scheme “to channel billions of dollars out of Russia”
    - over 1.3 million leaked transactions from 238,000 companies,
    - OCCRP Executive Director Paul Radu elaborated

    > *Among the counterparties on these transactions were major Western banks such as Citigroup Inc., Raiffeisen, and Deutsche Bank. The dozens of companies in the system also generated $8.8 billion of internal transactions to obscure the origin of the cash.*

    - Citigroup did not respond to a request for comment, Raiffeisen declined to comment, and Deutsche Bank refused to comment for legal reasons, claiming to have limited access to information on the transactions in question.
    - Troika Laundromat. “The Laundromat wasn’t just a money laundering system. It was also a hidden investment vehicle, a slush fund, a tax evasion scheme, and much more
    - Goes deep son - [Death in Vienna](https://www.occrp.org/en/troikalaundromat/death-in-vienna) the story of Erich Rebasso
    - OCCRP gives out a Corrupt Actor of the Year award. Notable winners
    - 2013 - Entire Romanian Parliament
    - 2014 - Putin

    "Putin has been a finalist every year so you might consider this a lifetime achievement award"

    - 2016 - Nicolas Maduro
    - 2017 - Rodrigo Duterte
    - 2018 [Danske bank](https://www.occrp.org/en/poy/2018/)
    - "In the past 20 years, they’ve globalized organized crime and autocracy and helped everyone from Mexican drug cartels to Russian President Vladimir Putin to terrorists, autocrats, and almost every global threat,"
    - Runnerups - Putin, Hungarian President viktor Orban, Mohammed bin salman, & Donald Trump

    - SHOTS FIRED!

    [Ripple CEO says JPM coin won't be used. LOL](https://www.coindesk.com/ripple-ceo-brad-garlinghouse-on-jpm-coin-other-banks-wont-use-it)

    [Kraken blasts Coinbase](https://twitter.com/jespow/status/1102346122138333184?s=21)

    - Rants

    Getting Hacked

    Samsung Wallet sucks

    - Mailbag
    - Patreon
    - Exit

    Please join the conversation in the Discord. We're in there all the time.

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    Episode 164 - XRP (Ripple) Revisited Mar 06, 2019

    It's time for a revisit of a classic villian. Ripple, XRP, Banks, it's known by many names and it was just released on Coinbase. It's had a hell of a year, and honestly has performed less bad than a lot of these coins. Has Brent changed his tune? Will his hatred go down further? Is this a sympathetic villian? How much did Karim call Brent Fat the last time this coin was in the spotlight? Find out now.

    LINKS TO TOPICS FROM THE SHOW

    • Previous Episode
    • Whitepaper
    • Subreddit
    • Website
    • Block Explorer
    • FAQ
    • Article on McCaleb's Freezing
    • XRP Governance
    • 99 Bitcoins Article
    • Site for standard XRP Fud that's basically links to tweets.

    HELP SUPPORT THE PODCAST!

    • Patreon - $1 an episode would be the best thing ever and keeps us afloat.
    • Join our Discord right here
    • Subscribe Via iTunes
    • Binance Jersey referral link - Well we don’t technically use this, because we can’t. Non-US only.
    • Ledger Nano S or Ledger Nano X - 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.
    • CryptoBasic Podcast Email

    405.440.3260

    Theme Music - Neledrax by Earradiate (2017)

    EOS Coinomi and Japan Mar 02, 2019

    HELP SUPPORT THE PODCAST!

    • Patreon - $1 an episode would be the best thing ever and keeps us afloat.
    • Join our Discord right here
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    • Binance Jersey referral link - Well we don’t technically use this, because we can’t. Non-US only.
    • Ledger Nano S or Ledger Nano X - 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.
    • CryptoBasic Podcast Email

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    Theme Music - Neledrax by Earradiate (2017)

    LINKS TO TOPICS FROM THE SHOW

    EPISODE 163

    Date of Release: 3/1/19

    • What have we released?

      Substratum Delisting Round Table

      Interview #2 with Luke Mulks from Brave

    • Rapid Fire

      NASDAQ BTC and ETH indices went Live.

      Elon Musk says whoever owns the early BTC deserves a Nobel prize in delayed gratification. But he still only owns .25 BTC so don't get too excited.

      Cryptopia releases its final hack estimates at 9.4% of its total assets. Maybe there's hope?

      There was a sweet bull market as BTC rose above 4k. ANNNNND It's gone.

      BAT Announces partnership with TAP Network

    • Coinomi Wallet situation

      Coinomi Response

      • A reddit named Warith Al Maawali came forward with claims that his entire life savings was lost on Coinomi. He isn't the only reddit user, there's 3 others that all had the same thing happen.
      • Coinomi is a wallet for anyone not familiar. Their tagline is "Your Trusted Blockchain Interface"
      • He actually made a website that has all of his proof, screenshots, research, and findings.
      • The end result is that they were sharing your passphrase with a third party on Google's servers, for spell checking purposes. In plain text. Coinomi claims that it wasn't plain text, and that it was encapsulated inside a HTTPS request.
      • The user claims that this can only be exploited by whoever created the exploit or anyone else that uses the backend at Google. Coinomi only says Google.
      • They also say that it was only if you restored a desktop wallet. Also it totally wasn't a bug in their code (what?!) it was a plugin issue.
      • Based on the screenshot of their e-mail, they did in fact admit that this was a problem. They even told the user he was eligible for a bounty, but they haven't taken any responsibility (at this time) to give him his crypto yet.
      • This guy says he did everything right - he had it only running on a virtual machine behind a firewall with Anti-Malware and Anti-Virus protection. It was still compromised by a bug.
      • They even went as far as to say "Don't worry we've blacklisted the funds they'll never get to exchanges".
      • Guess what? The code wasn't open source.
      • Coinomi also suggests he saw the problem and stole his own funds, and say that he was holding them ransom by threatening to go public. They also mention Luke Childs, Jonathan Sterling going public with their findings as irresponsible. (again what?!) They call him a blackmailer. They also admit there's an issue.
      • Coinomi released the entire chat log of their support ticket. Warith was a dick, but they were asking him for a bunch of dumb shit and stalling too.

    • Over-Under? Money Laundering Cases in Japan Involving Crypto

      • December last year Report suggested Japan had over 6,000 money laundering cases involving cryptocurrency in first 9 months of the year (+1000 from regualtors). 7096
      • Between Apr-Dec 2017 only 669 cases so 10 fold increase
      • What % of Japans money laundering cases in 2018 do you think that 7096 represents?

      • SPOILER

        • DONT PEEK =)

          1.6%, 417,465 Cases

    • Bullish or Bullshit - Epic Games (Fortnite) CEO Shows Support for EOS on Twitter.

    • Well, since we're on the topic of EOS - Two Stories

      • Their Github commits have gone wayyyy down.
        • Longhash reports that less than 3% of their total commits have happened in the last 3 months.
        • 4000 commits in a year - but 114 in the last 3 months.
        • This isn't unique to EOS, it's just way worse there.
        • ETH is at a 20%ish ratio, and Tron is at around 15%.
        • One argument - they don't need to update as frequently because the blockchain has matured.
      • EOS has failed to build a Byzantine fault tolerant blacklist, so someone stole $7M
        • So basically, in order to blacklist bad actors there's a centralized authority called the ECAF. The ECAF wasn't democratically elected, they were just assigned at inception.
        • I assume that's the "power vested in me" people.
        • Basically the 21 block producers were getting annoyed at all the blacklisted addresses that were being submitted and decided it wasn't salable, so they were looking for an alternate solution.
        • Apparently, this was a vulnerable solution if even ONE of the 21BPs incorrectly setup their blacklist. Games.eos did set it up wrong. So one of the blacklisted accounts with around $7M US was able to spread that money around indiscriminately.
        • ONE
        • So much for that.
        • So what's their solution? They don't have one yet, but they're considering nulling out the keys on blacklisted accounts.
        • Apparently they've discarded the ECAF - and are getting a new one.

    • Well, since we're on the topic of EOS - "Another Story Ft. TRON & Sun"

      • Chinese Government body ranks TRON 2nd Best Cryptocurrency...behind EOS.

        • Story starts with a tweet from Sun braging about the rating from The Center for information and Industry Development (CCID)
        • Apparently some of this rating is because of TRONs large transactions per day & tps

        • Appropriate Vitalik Quote

          "When a blockchain project claims ‘We can do 3,500 TPS because we have a different algorithm,’ what we really mean is ‘We are a centralized pile of trash because we only have 7 nodes running the entire thing.’”

        • Upside should be getting lots of Dapps and apparently TRON going aggro on it spending $100 million on TronArcade and launched a "$2 billion initiative called Project Genesis" to grow its Dapp market.

    • One more before Mailbag.

    • Mailbag

      What are your top useful use cases and top useful projects as of February 2019? in the sense that they're providing value to the crypto space just by developing and/or don't look like they'll collapse in a strong breeze. thebiggerboat

    Episode 162: Featuring Luke Mulks of Brave and BAT Feb 27, 2019

    Today we have a discussion about the broken ad ecosystem with returning guest Luke Mulks, Director of Business Development at Brave. This time our audio is MUCH better and we discuss everything from the changing Ecosystem of Brave, to Uphold concerns. There’s definitely some hard core Brave shilling here, but overall we do get some great discussions about the advertising industry, and what Brave can do to break it. Luke definitely did not mention the TAP Network Announcement, but I’ve included it in the show notes.

    LINKS TO TOPICS FROM THE SHOW

    • Brave Subreddit
    • Luke Mulks Twitter
    • CryptoBasic Brave Download
    • BAT Rocket Chat
    • BAT Telegram
    • Blogs
    • Brave announcement Luke NEGLECTED to mention

    HELP SUPPORT THE PODCAST!

    • Patreon - $1 an episode would be the best thing ever and keeps us afloat.
    • Join our Discord right here
    • Subscribe Via iTunes
    • Binance Jersey referral link - Well we don’t technically use this, because we can’t. Non-US only.
    • Ledger Nano S or Ledger Nano X - 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.
    • CryptoBasic Podcast Email

    405.440.3260

    Theme Music - Neledrax by Earradiate (2017)

    Episode 161: Substratum Delisting Round Table Feb 25, 2019

    Brian Li of [Decrypto.Net](https://decrypto.net/) and William McKenzie of getting attacked by Substratum fame are back on the show again since Substratum was recently delisted from Binance. We unpack their delisting, their assertions to each of the delisting points, and what it means to the crypto space.

    Brian and William are basically the boogeymen for the entire SUB community. They’ve been called everything from Chinese government shills to Russian spies. In the end, there is a massive intersection of the SUB community that blames these two individuals for their own shortcomings as a project. We discuss that as well in this episode.

    # LINKS TO TOPICS FROM THE SHOW

    * [Substratum Response to Deslisting – Short Version](https://substratum.net/substratum/response-to-binance-token-delisting/)

    * [Response to Binance Delisting – Long Version](https://substratum.net/binance/binance-delisting-factors-explained/)

    * [Brian’s detailed response](https://decrypto.net/2019/02/16/sayonara-substratum/)

    * [Brian on possible Security Fraud](https://decrypto.net/2018/11/07/did-substratum-commit-securities-fraud/)

    * [William talks about Substratum Securities Fraud](https://medium.com/@williammckenzie1997/is-substratum-a-security-and-did-substratum-commit-u-s-securities-fraud-cdd10622d392)

    * [William talks about the smart contract update](https://medium.com/@williammckenzie1997/substratums-recent-smart-contract-update-and-treasury-management-fe9f9b770955)

    * [Brian Tracks down missing ICO funds](https://decrypto.net/2019/01/06/substratums-missing-ico-funds/)

    * [SEC on Filing a form D Notice](https://www.sec.gov/smallbusiness/exemptofferings/formd)

    * [SEC Form D Search](https://www.sec.gov/edgar/searchedgar/companysearch.html)

    * [SEC Talks about ICOs](https://www.sec.gov/news/press-release/2018-264)

    * [SEC injunction against Blockvest](https://www.sec.gov/litigation/litreleases/2019/lr24400.htm)

    * [Substratum community upset with Justin](https://www.reddit.com/r/SubstratumNetwork/comments/atkv1h/the_impact_of_justins_actions/?st=JSI9OSV8&sh=eaea887b)

    * [Substratum community has turned on Justin](https://www.reddit.com/r/SubstratumNetwork/comments/arjsro/will_justin_quit_tomorrow/)

    * [More top Sub posts](https://www.reddit.com/r/SubstratumNetwork/comments/arfcec/does_the_substratum_development_and_engineering/)

    * [Community finally taking notice](https://www.reddit.com/r/SubstratumNetwork/comments/arzc4v/a_look_at_the_facts/)


    # HELP SUPPORT THE PODCAST!

    * [Patreon](https://www.patreon.com/CryptoBasic) - $1 an episode would be the best thing ever and keeps us afloat.

    * [Join our Discord right here](https://discordapp.com/invite/cQe8wGf)

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    Episode 160: Quadriga agian, Samsung, and Binance Delistings Feb 22, 2019

    This week the boys are at it again to talk about the usual updates on the Quadriga CX fiasco, it gets even weirder believe it or not. They talk about the Samsug blockchain project, get into what they’re going to be doing at the SXSW event, and even get their minds blown when they find out that Vitalik Buterin is rich. Find out what happens when someone accidentally sends 2100 ETH as a transaction fee, and just how much of the world is actually interested in crypto currency?


    # LINKS TO TOPICS FROM THE SHOW

    * [Samsung announces the release of a blockchain phone](https://news.samsung.com/us/samsung-galaxy-s10-more-screen-cameras-unpacked-2019/)

    * [Someone accidentally sent 2100 ETH as a transaction fee](https://www.reddit.com/r/CryptoCurrency/comments/asapta/someone_just_paid_2100_eth_for_transaction_fees/ )

    * [Vitalik is rich](https://cryptoslate.com/vitalik-buterin-discloses-his-cryptocurrency-holdings-corporate-investments-and-other-potential-conflicts-of-interest/)

    * [Binance delists a bunch of coins](https://support.binance.com/hc/en-us/articles/360023570292-Binance-Will-Delist-CLOAK-MOD-SALT-SUB-and-WINGS)

    * [FBI is interested in talking to Bitconnect victims](https://www.news5cleveland.com/news/local-news/cleveland-metro/fbi-looking-for-investors-who-lost-money-in-cryptocurrency-ponzi-scheme)

    * [zerononcense report on Quadriga](https://blog.zerononcense.com/2019/02/16/report-shows-quadrigacx-cold-wallets-actively-involved-in-significant-criminal-activity-ties-to-silk-road-hacked-funds-identity-theft-and-drug-human-trafficking)

    * [Reddit post about the QuadrigaCX situation](https://www.reddit.com/r/CryptoCurrency/comments/ar92v4/report_shows_quadrigacx_cold_wallets_actively/)

    * [The internet around the world](https://blockonomi.com/south-africa-most-popular-place-cryptocurrency/)

    * [More stats about the internet](https://p.widencdn.net/kqy7ii/Digital2019-Report-en)


    # HELP SUPPORT THE PODCAST!

    * [Patreon](https://www.patreon.com/CryptoBasic) - $1 an episode would be the best thing ever and keeps us afloat.

    * [Join our Discord right here](https://discordapp.com/invite/cQe8wGf)

    * [Subscribe Via iTunes](https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2)
    * [Binance Jersey referral link](https://www.binance.je/?ref=35026922) - Well we don’t technically use this, because we can’t. Non-US only.

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    * [Cash App has Bitcoin](https://cash.me/app/RMFXXXL) - 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.
    * [CryptoBasic Podcast Email](mailto:Cryptobasicpodcast@gmail.com)
    405.440.3260

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    Episode 159: Quadriga CX again, Craight Wright vs Wikileaks, and Rants Feb 14, 2019

    It’s Flagship Friday and we’re talking about everything from Quadriga CX (again) to the curiosity Rover dying on Mars and why. We discuss the NASDAQ and more flirting with crypto, and we go on a long rant with Craig Wright and Wikipedia. Mike was absent from this one, but that’s OK we let Karim go off the handle, and he even says toward the end of the episode that he’s Triggered. Love it.

    # LINKS TO TOPICS FROM THE SHOW

    * [QuadrigaCX says oopsie](https://www.scribd.com/document/399507173/EY-QuadrigaCX-Report#from_embed)

    * [More from QuadrigaCX](https://www.ccn.com/quadrigacx-sent-400000-dead-ceo-bitcoin-wallet)

    * [Is JP Morgan the New Ripple](https://www.cnbc.com/2019/02/13/jp-morgan-is-rolling-out-the-first-us-bank-backed-cryptocurrency-to-transform-payments--.html)

    * [BitcoinFundManager Still Scammin](https://www.reddit.com/r/CryptoCurrency/comments/aor3xk/bitcoinfundmanager_scam_channel_banned_buys_more/)

    * [Canadian Regulators rule about Mining Contracts](https://www.newsbtc.com/2019/02/13/quebec-cryptocurrency-mining/)

    * [Nasdaq Crypto Octopi](https://blockmanity.com/news/bitcoin/nasdaq-will-add-bitcoin-btc-and-ethereum-eth-indexes-to-its-global-index-service/)

    * [NASDAQ Official Source](http://www.nasdaqtrader.com/TraderNews.aspx?id=fpnews2019-3)

    * [Craig Wright Wikileaks Feud](https://chainbulletin.com/wikileaks-doubles-down-on-craig-wright-accusations-calls-him-the-bernie-madoff-of-bitcoin/)

    * [Craig Wright more stuff](https://medium.com/@craig_10243/careful-what-you-wish-for-c7c2f19e6c4f)

    * [Video that Karim mentioned is a good watch, about 7 min](https://www.youtube.com/watch?v=uqKGREZs6-w)


    # HELP SUPPORT THE PODCAST!

    * [Patreon](https://www.patreon.com/CryptoBasic) - $1 an episode would be the best thing ever and keeps us afloat.

    * [Join our Discord right here](https://discordapp.com/invite/cQe8wGf)

    * [Subscribe Via iTunes](https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2)
    * [Binance Jersey referral link](https://www.binance.je/?ref=35026922) - Well we don’t technically use this, because we can’t. Non-US only.

    * [Ledger Nano S or Ledger Nano X](https://www.ledger.com/?r=d6b6) - 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](https://cash.me/app/RMFXXXL) - 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.
    * [CryptoBasic Podcast Email](mailto:Cryptobasicpodcast@gmail.com)
    405.440.3260

    Episode 158: Round Table on Scams Feb 14, 2019

    Today CryptoBasic talks about something near and dear to their hearts – scams. This isn’t just crypto, but knowing what scams we’ve seen in the past and where they might be going in the future is very important in this unregulated market. Listen to Karim and Brent talk about the red flags you should be on the lookout for, and learn about this insane con man that had 10 commandments written about him. There’s plenty of crypto content, plenty of scams, and it’s all here on this episode.

    # LINKS TO TOPICS FROM THE SHOW

    * [Enron Scam Movie](https://en.wikipedia.org/wiki/Enron:_The_Smartest_Guys_in_the_Room)

    * [Bernie Maddoff](https://www.reddit.com/r/explainlikeimfive/comments/l1zgi/eli5_bernie_madoffs_ponzi_scheme/)

    * [Charles Ponzi](https://www.biography.com/people/charles-ponzi-20650909)

    * [Tiffany’s Miner Scam](https://www.smithsonianmag.com/history/the-great-diamond-hoax-of-1872-2630188/)

    * [Pretorian Guard sale scam](https://en.wikipedia.org/wiki/Didius_Julianus)

    * [The daddy of them all – count Victor Von Lustig](https://en.wikipedia.org/wiki/Victor_Lustig)


    # HELP SUPPORT THE PODCAST

    * [Patreon](https://www.patreon.com/CryptoBasic) - $1 an episode would be the best thing ever and keeps us afloat.

    * [Join our Discord right here](https://discordapp.com/invite/cQe8wGf)

    * [Subscribe Via iTunes](https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2)
    * [Binance Jersey referral link](https://www.binance.je/?ref=35026922) - Well we don’t technically use this, because we can’t. Non-US only.

    * [Ledger Nano S or Ledger Nano X](https://www.ledger.com/?r=d6b6) - 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](https://cash.me/app/RMFXXXL) - 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.
    * [CryptoBasic Podcast Email](mailto:Cryptobasicpodcast@gmail.com)
    405.440.3260

    Theme Music - Neledrax by Earradiate (2017)

    Episode 157: QuadrigaCX Scam, New Basic Vote Feb 08, 2019

    Wow, there’s a massive theft in the crypto markets and Brent goes down the rabbit hole to cover it. QuadrigaCX, the biggest crypto exchange in Canada has taken everyone’s money and the owner might have faked his death. Also, the podcast has a new sponsor that they go over on the show.

    LINKS TO TOPICS FROM THE SHOW

    This month’s sponsor – Token Talks podcast by Zachary DeWitt

    Quadriga Problem

    Good Youtube about Quadriga

    Twitter Kraken CEO

    Binance CC

    Mining problems overstated

    Gemini deny

    New Scam

    Network Chain

    Lightning 2

    Lightning Doc

    Decoder


    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)

    Episode 156: Bitcoin 102 Feb 06, 2019

    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)

    Episode 155: Sex on Blockchain, NASDAQ, and Hackers Feb 01, 2019

    Brent decides he’s gonna talk about sex, and then follows it up with some juicy details about Bakkt. Are they related? I’m not sure find out on this Flagship Friday. What else is in this episode – NASDAQ and Crypto, Cryptopia is still getting hacked, NEM Foundation was dissolved, Hacking groups explained, and a Bitcoin backed Token on ETH

    LINKS TO TOPICS FROM THE SHOW

    • Sex, but on blockchain
    • Bakkt Details
    • NASDAQ information is not readily available to crypto
    • NEM Foundation Letter
    • Hackers mostly responsible for crypto theft
    • Bitcoin Backed ETH Token


    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)

    Episode 154 - Waves 101 Jan 31, 2019

    Is Waves Platform a decentralized exchange done right? Mike and Brent dig deep into the project to see what it is, why it works, and see what they like about it. From harrowing tales of some idiot named DC in their Telegram, to support form the community and almost buying the coin – the team goes on a roller coaster ride of learning about this project.

    In the end, will they consider it a reasonable project? Find out.

    LINKS TO TOPICS FROM THE SHOW

    • Whitepaper
    • Subreddit
    • Website
    • FAQ
    • Vote Site

    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)

    Episode 153: IOTA Thief Caught, Apollo Issues, and Black Mirror Jan 25, 2019

    The team has a couple of throwback issues: IOTA’s hack has some closure in the way of an arrest. The team talks about a coin possibly pump and dump that the Apollo team may have just done, including inviting their CEO on the show. We go over some political thoughts, and then as always make sure to thank all of the Patreon members on the last Flagship of the week.

    LINKS TO TOPICS FROM THE SHOW

    • IOTA Arrest
    • Samsung possible leak
    • Samsung more information
    • Apollo from Cryptoslate
    • Reddit Post
    • Apollo CEO responds
    • China Social shaming
    • Bangkok Excahnge listing


    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)

    Episode 152 - Joel Comm, Matthew Aaron, and Hashoshi Jan 22, 2019

    Welcome to the first ever CryptoBasic Panel Discussion After moderating some panels overseas, Brent thinks he can do it all the time. Is he right? I dunno it sounds like he is – he’s gotten some of the best in the business together for the first panel of the new year. Today Joel Comm, Matthew Aaron, and Forrest AKA Hashoshi talk about everything from Ronnie Moas to Censorship on Patreon. Join them as they talk about the difficulties and responsibilities of being content Creators in this market.

    LINKS TO TOPICS FROM THE SHOW

    • Bad Crypto Podcast Website
    • Joel Comm Twitter
    • Crypto 101 Media
    • Matthew Aaron Twitter
    • Hashoshi Youtube
    • Hashoshi Twitter
    • Hashoshi Website


    HELP SUPPORT THE PODCAST!

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    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)

    Episode 151: SEC hacked, Cryptopia hacked, and Tron...is Tron Jan 18, 2019

    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)

    Episode 150: CryptoConvos with Simon Harman Jan 17, 2019

    Mike sits down with Simon Harman from Loki to talk about all things cryptocurrency. They talk about everything under the sun, Privacy, messaging apps, and more. Just check out the episode and you’ll hear some great things from a knowledgeable person in the crypto space.

    LINKS TO TOPICS FROM THE SHOW

    Loki Project Twitter

    Loki Github

    Loki Subreddit

    Linked iN


    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)

    Episode 149: Norwegian Billionaires, ETC 51% Attack, Jordan Peterson and more. Jan 11, 2019

    It’s Flagship Friday! The team is excited about the fringe ideas around each story this week apparently. Brent talks about the specifics of why platforms like Gab end up being a cesspool, Karim is upset about the stuff he’s usually upset about, and Mike...like Jordan Peterson. We also discuss the 51% attack that happened to Ethereum Classic, how it worked, and what they’re doing about it going forward.

    LINKS TO TOPICS FROM THE SHOW

    • Coinbase Bans Gab founder Andrew Toba
    • Epic games takes Monero…annnnnd its gone.
    • Norwegian millionaire kidnapped.
    • Ethereum Classic Atttack -
    • Ethereum Classic Response -
    • DX Exchange issues
    • DX Exchange issues 2
    • DX Exchange issues 3
    • BitTorrent / Justin Sun ICO
    • Jordan Peterson Bittube

    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)

    Episode 148 : The 2018 Crypties Jan 08, 2019

    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!
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    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.
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    Theme Music - Neledrax by Earradiate (2017)

    Episode 147: Horizen, Time Magazine, and a new Scammer Jan 04, 2019

    It’s the first Flagship of the year, and the team is ready and raring to go. First they teas the Crypties, an award show coming out in a couple of days. They talk about the Horizen DAO paper, realize that they know nothing and decide maybe they need to call up Rob Viglione to talk about it. Karim goes over the Time Magazine Bitcoin article about how important it is for freedom, why it won’t matter in places like the US for longer than we thought. And what it has to do with Venezuela. Brent, then, goes over this stupid scammer named Bitcoin-Fund-Manager and what a rabbit hole that is. From being a monk to a wedding planner, this guy knows scams.

    Finally the team goes around the world talking about the Thai government and blockchain, how it could be affecting voting. They go over Overstock.com’s crypto investments – why they believe in Bitcoin, Ravencoin, and others. We play some Bullish or Bullshit with Bitcoin in space, and then roast a portfolio from one of our newest Patreon members.

    LINKS TO TOPICS FROM THE SHOW

    • Horizen Link 1
    • Horizen Link 2
    • Horizen Link 3
    • Time Magazine Article
    • Bitcoin-Fund-Scammer
    • Thai Government Voting
    • Overstock
    • BITCOIN IN SPACE


    HELP SUPPORT THE PODCAST!

    PATREON!
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    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.
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    Theme Music - Neledrax by Earradiate (2017)

    Flagship 52: Bitcoin Private Still Stinks Dec 28, 2018

    On today’s flagship Brent spends a bunch of unnecessary time talking about the shitcoin Bitcoin Private. Remember when McAfee was talking about that thing? Also we discuss inflation rates in Turkey, answer some mailbag questions, and go around the world more than once. Enjoy this edition of the CryptoBasic Podcast.

    LINKS TO TOPICS FROM THE SHOW

    Bitcoin metrics for correlations

    US Securities Law

    BTCP Secret Premine

    BTCP Team response

    CFTC Talks about ETH Rules

    Crypto v Lira

    Indian Legalization


    HELP SUPPORT THE PODCAST!

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    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
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    Theme Music - Neledrax by Earradiate (2017)

    Flagship 51: Venezuela, the UK, and Substratum (again) Dec 21, 2018

    It’s almost the 1 year anniversary of the CryptoBasic podcast, and this is Flagship Friday. We’re talkin about Substratum, Venezuela, Bitcoin, Ethereum, and everything in between. Brent tries to roast a portfolio in the end as a quick throw in, and it might not go so well. Find out if the team thinks Brent is on God’s good side!

    LINKS TO TOPICS FROM THE SHOW

    • Substratum CO decides to Day Trade
    • Syncing Data on Bitcoin Nodes easier?
    • Is Tether actually backed?
    • The Ethereum Foundations thought process.
    • Western Union Evaluating
    • Venezuela
    • UK Tax resources

    HELP SUPPORT THE PODCAST!

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    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
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    Theme Music - Neledrax by Earradiate (2017)

    101 Series: Tezos Dec 20, 2018

    It’s time for another Crypto Basic 101 series episode. Today we’re tackling the Tezos project, which we’ve been putting off for some time. Mike was all ready for Brent to have tons of bad things to say about this one, but you might be surprised by his answer. Tezos comes with a lot of baggage, and they’ve moved on from it and learned from the ordeal. Can this coin recover and get back to the Ethereum Killer it was once hailed as? Find out on this episode.

    LINKS TO TOPICS FROM THE SHOW

    Whitepaper

    Subreddit

    Website

    Block Explorer

    More tezos info

    Baking pools

    The infamous “Wired” article

    Interview on Tezos


    HELP SUPPORT THE PODCAST!


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    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.
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    Theme Music - Neledrax by Earradiate (2017)

    FS 50: Ethereum Classic, Venezuela, and the Future of the show Dec 14, 2018

    Become a Patron on Patreon

    Today we talk about the drama at the ETC community, some interesting Bullish or Bullshit from Venezuela, and then we talk about the future of the podcast, what you can expect next year, some of the new things we’re trying, and what our values are as a podcast. We round it out with a Roast a Portfolio and see if that might be a segment you might be interested in!

    LINKS TO TOPICS FROM THE SHOW

    Ethereum Classic situation explained on Redit

    Ethereum Classic situation 12 year old explains their position

    Tom Lee is annoyed at Target Prices

    Proof of Keys Movement

    Bitwalla Information

    Empowering?

    Or getting slammed?


    HELP SUPPORT THE PODCAST!


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    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
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    Theme Music - Neledrax by Earradiate (2017)

    Round Table: Substratum Red Flags Dec 10, 2018

    Today we have a unique show for you. In previous flagships we’ve discussed whether or not Substratum is a scam. When we did that we cited an article written by Brian Li. He reached out to us and was willing to present his research process, his evidence, and his thoughts on the show. He also invited William McKenzie as well to talk about his research, his insights, and his thoughts. The end result is a long episode that shows the process of trying to do due diligence on a coin.

    LINKS TO TOPICS FROM THE SHOW

    • Article on vision and focus of SUB
    • Crowdsale Wallet activity
    • AMPX ICO revelations
    • SUB Token burn issues
    • AMP Exchange Thoughts
    • NCF Partnership or no?
    • The Technology Headlines
    • Possible legal consequences?
    • Did someone lie about web hosting?
    • AMP Exchange money grab?
    • Oyster vs Sub
    • Sub Team issues
    • 2nd ICO Concerns

    HELP SUPPORT THE PODCAST!


    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)

    Karim gets animated - Flagship Friday 49 Dec 08, 2018

    The team is all back in the good ol US and A and they have another Flagship Friday for you. Among the topics this week – Pomp, Banks, Scams, and they notice the falling markets in the middle of the show. They don’t even talk about it though because this show is about the tech! Check out this week’s news in cryptocurrency.

    LINKS TO TOPICS FROM THE SHOW

    • Humboldt Broncos
    • Teens want BTC
    • Pomp is betting on crypto
    • Bank of America fines
    • Tether new fees structures
    • Bitfinex is agnostic
    • Forbes talking about the 0x stuff
    • Blockchain Brief


    HELP SUPPORT THE PODCAST!


    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)

    Field Interview - Steve's Anti Tether Rant Dec 06, 2018

    During the recent Beyond blocks conference the team sat down with Steve, an OTC trader with lots of experience that has some interesting points about Tether’s legitimacy. From our off the record conversations with Steve we also ended up with some other skeptical views of the space and this was a good chat.


    HELP SUPPORT THE PODCAST!


    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)

    Field Interview: Sam Bankman-Fried Dec 05, 2018

    During the recent Beyond blocks conference the team sat down with Sam Bankman-Friend from Alameda research and discussed the issues they have with Tether, and why he thinks they may not be founded.
    Sam is the co-founder and CEO of the crypto research Firm Alameda Research.

    LINKS TO TOPICS FROM THE SHOW

    Alameda Research

    Sam’s Linked In


    HELP SUPPORT THE PODCAST!


    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)

    Friday Flagship 48: The Boys Check in from Thailand Dec 01, 2018

    After not speaking to each other since the previous Friday Flagship Recording, the team gets together to share their experiences so far at the Beyond Blocks Conference in Bangkok, Thailand. There won't be the usual style with News and Mailbag, but there will be plenty of Crypto related conversations and stories to be shared by the crew. Enjoy!

    Friday Flagship 47: Black Friday Nov 24, 2018

    Brent and Mike are here for the Friday Flagship, Thanksgiving Edition! On this week's edition of the Black Friday Flagship, they admit how sometimes price does matter, a crypto ETF in Switzerland, IOHK moving to Wyoming, and Bakkt being pushed off when? Plus some rants and mailbag!

    What do all these Bitcoin Cash tickers mean - BASIC BLITZ Nov 19, 2018

    So the Bitcoin Cash fork is still somewhat undecided. We weren’t really sure how to update the audience, so it’s TIME for a Basic Blitz. We have Brant Tudor back on the show to discuss what exactly is going on with BAB, BSV, BCH, BCHABCDEFGHIJLKMNO, and more. Brant touches on some mining topics, and this ends up being a longer episode than anticipated! Enjoy!

    LINKS TO TOPICS FROM THE SHOW

    What to mine

    Fork Coin Dance


    HELP SUPPORT THE PODCAST!


    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)

    EOS musings, the team is going to Thailand, and more Nov 16, 2018

    The CryptoBasic team is headed to Thailand for a conference with Beyond Blocks. They spend a bunch of time in the front of the show talking about that – and then move on to the usual. EOS still irks the team, Mike talks about the different types of ERC tokens, some Cardano drama has concluded in a very positive way, and the team responds to a rant.

    LINKS TO TOPICS FROM THE SHOW

    • Beyond Blocks speaker list
    • EOS is totally decentralized right?
    • EOS Constitution
    • Bullish or Bullshit - Funfair
    • 5 Types of ERC tokens
    • Cardano Foundation Resignation
    • Charles Hoskinson Video
    • Private Blockchains
    • Bloodbath Rant


    HELP SUPPORT THE PODCAST!


    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)

    Round Table Bitcoin Cash fork - with Brant Tudor Nov 14, 2018

    Alright, we admit it. The CryptoBasic team was slacking on covering this Bitcoin Cash fork. So what do we do since the fork is tomorrow? Well we went and found a person that we respect that ACTUALLY knew what was going on, and brought him on the show to talk about it.

    Brant Tudor is a doctoral candidate with the Department of Chemistry at the University of South Florida. He has B.S. degrees in Chemistry and Computer Science and currently works as part of a research team developing molecular simulation software. He has been interested in crypto for a few years, invested for two, and his favored Bitcoin is BCH.


    HELP SUPPORT THE PODCAST!


    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)

    Flagship Friday #45 - Tether, Coinbase, EOS, and other musings Nov 09, 2018

    Its Flagship Friday! We’re talking about some of the most important topics this week such as: Coinbase getting richer, Tether totally having all the money they said they would, Blockchain.com giving away XLM, Apple shutting down the most popular crypto podcast, EOS still being terrible, some politicians, and finally someone got caught doing something in the principal’s office.

    LINKS TO TOPICS FROM THE SHOW

    Coinbase Gets Money

    Tether Letter

    Blockchain.com Stellar Giveaway

    Apple Shuts down Pomp

    EOS not a blockchain?

    Gavin Newsom and Jared Polis elected

    Mining in school CAUGHT


    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)

    101 Series: Decentraland Nov 08, 2018

    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)

    Oyster Scam, Substratum Scam, and more news - Flagship 44 Nov 02, 2018

    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)

    Matthew Aaron from the Crypto 101 Podcast! Nov 01, 2018

    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)

    What is Initiative Q? Bitcoin turns 10, and a new stablecoin. Oct 26, 2018

    What is Initiative Q? Bitcoin turns 10 years old this week. Square is coming up with a cold storage solution. The team talks about another shady guy named Justin in the crypto space, and they tackle a really fun mailbag section where Karim brings back the 4th grader from a few weeks ago, which he still has as a weapon.

    Square Cash has been a fun way to interact with Bitcoin for a while now. The CEO of Square is VERY pro Bitcoin, and now he's releasing a system to the open source that will facilitate the use of the payment processor Square. Justin Tabb from substratum is a very interesting guy. He definitely has a checkered past, and SOMEONE really has it out for him. We look at all of the evidence thrown out there to say that this guy isn't really on the up and up. Initiative Q is the newest viral spam that you're getting on Facebook from your friends. Those that aren't in the know might even be coming to you as their "crypto guy" and asking you about it like it's a cryptocurrency. Coinbase and Circle have teamed up to come up with a new stablecoin that should be able to rival the controversial Tether. It joins all of the other options as a strictly better Stablecoin than Tether is - when will these exchanges come around? Bitcoin turns 10 years old on October 31. I know many of us are barely looking at ONE year of learning what Bitcoin is, but it's been here, and it's going to keep being here. Find out what Lawrence H White, the Austrian School economist that works for the Cato institute, had to say on the topic.

    LINKS TO TOPICS FROM THE SHOW

    • Coinbase releases a Stablecoin
    • Etherscan Address for it
    • Original Centre FAQ
    • Tether Burns Half of its reserve
    • Wtf is Initiative Q
    • Justin Tabb for Substratum announces NCF partnership
    • NCF says they are not partnered with Substratum
    • This guy hates Justin Tabb
    • Bitcoin turns 10 – Cato institute checks it out.
    • Square’s Open source cold wallet


    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)

    Blockchain and Religion - a round table discussion Oct 24, 2018

    What does blockchain have in common with religion? Are some cryptocurrency leaders like a cult? What would a religion look like if it were created ON the blockchain? The team sits down and discusses the somewhat surprising connection between religion and tech. The team definitely has a bias towards being anti-theistic, but gives this topic a chance on this episode of the CryptoBasic Podcast.

    LINKS TO TOPICS FROM THE SHOW

    Organizational Behavior and the Human Decision process

    Living Better and Longer

    CryptoCult?

    Cult infographic


    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)

    Fidelity Crypto, Tether and Cardano Drama Oct 19, 2018

    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)

    101 Series: Nexo Oct 17, 2018

    After recently discussing the decentralized loan option for Ethereum called Maker, Mike and Brent sit down to talk about one of Mike’s pet projects: Nexo. Learn about how this centralized option is both different and similar to the decentralized options out there (most importantly the ability to use Bitcoin), and make a decision as to which one of them is best for you. Nexo might even have a credit card coming for you!

    LINKS TO TOPICS FROM THE SHOW

    • Whitepaper
    • 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)

    Blockstream, Binance, Bittrex, Brents. So many B's! Oct 12, 2018

    This is an extra large episode of the podcast. Binance and Blockstream are the words of the day, and we even talk about Bittrex too. Listen to Mike, Brent, and Karim argue live about what the implications of a Blockstream technology might be to a consumer. The team goes on rants, Brent invites multiple people on to the show to argue with him, and the team even gets to a very difficult to answer mailbag section.

    LINKS TO TOPICS FROM THE SHOW

    • Binance is Donating Listing Fees
    • Monero Origin related to Bytecoin scam.
    • Blockstream talks about Forward Blocks
    • How fast are the fastest coins?
    • Daily Hodl Interpretation
    • Blockstream launches Liquid Netowork
    • Blockstream info
    • Roger Ver has no friends
    • Roger Ver loses a Bet
    • Korea Crypto
    • Crypto ATM per capita – Prague
    • Bitfinex suspends fiat deposits.


    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)

    Why are the markets down? Round Table discussion Oct 10, 2018

    Why are the markets down? No one really knows, but it’s on everyone’s mind. The Cryptobasic team decides they’re going to break down what makes sense to them as complete non-experts in the field. We learn some interesting things along the way as the team goes on a tangent. What can we learn from Google trends for terms like – What is Bitcoin , How to buy bitcoin , Blockchain , Decentralized? Find out what insights those provide, and what anecdotal evidence the boys can muster on this Round Table.

    LINKS TO TOPICS FROM THE SHOW

    • ICO Data
    • Google Trends 1
    • Google Trends 2
    • Google Trends 3
    • Google Trends 4


    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 is Mad about Facebook and Coinmarketcap - and all the crypto News Oct 05, 2018

    Brent is back and the team has a lot to pack into today’s episode. They’re talking about everything from Coinbase starting the equivalent of an ETF, to how scummy coinmarketcap can be when it comes to how they work out their advertisements. Karim has a very clear opinion on the leadership in Malta, and Stellar has launched the StellarX decentralized exchange!

    LINKS TO TOPICS FROM THE SHOW

    • Facebook was hacked
    • Coinbase has a bundle for purchase – and here is some more information about it.
    • Sir Tim Berners-Lee creates a protocol called solid – It is backed by this company, inrupt
    • Stellar has a decentralized exchange
    • Binance CEO makes a statement that theirs is coming fast.
    • US Debt may soon eclipse military spending
    • Coinmarketcap is a bunch of scumbags
    • Harvard has a speaker from Tezos
    • Docusign is going to be using the Ethereum Network


    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)

    101: Maker DAO / DAI Oct 03, 2018

    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)

    101 Series: Lisk Oct 01, 2018

    Lisk is a project that’s been among the top of the market caps for a while that the Crypto Idiots didn’t know much about, so they decided it was time to tackle that Delegated Proof of Stake coin. Mike and Brent sit down and talk about this cryptocurrency that Brent was more familiar with than he thought. Find out why there might be some downsides to a coin that allows you to use multiple votes in your liquid democracy.

    LINKS TO TOPICS FROM THE SHOW

    • Whitepaper – (well not really)
    • Subreddit -
    • Website
    • Block Explorer
    • FAQ
    • Lisk Delegates list
    • Lisk Rocket Chat


    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)

    Was there a Bitcoin Bug? What's using crypto like around the World? Flagship 39 answers this and more. Sep 28, 2018

    Brent is off protesting in DC so the team is handling the Flagship with two of them. There’s Austrian bonds, a big bug in the Bitcoin testnet, media bias and much much more. What was Luke Martin talking about? Metamask is supporting the Ledger Nano

    LINKS TO TOPICS FROM THE SHOW

    • Austria will use Ethereum for bonds.
    • Bitcoin Bug explained
    • 62% view media as biased.
    • Luke Martin on Twitter
    • Metamask supports ledger
    • Google ends ad ban
    • Turkey crypto use
    • Argentina Crypto Use
    • Venezuela Crypto Use
    • Can’t take my bitcoin
    • Britain Bitcoin use


    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)

    Round Table Episode: Greece and Greek Financian Crisis Featuring Jason Kyriakos Sep 26, 2018

    Today is a special day for the CryptoBasic Team. Jason Kyriakos is on the show with Brent and Karim to talk about the economics of Greece, and how it affects his everyday life. Jason is the editor of the CryptoBasic podcast, and he is responsible for the clean, crisp sound that you all hear on a daily basis.

    Join us as we have a frank discussion about the Greek culture, about how that movie was really terrible, and about what questions Greeks may have about cryptocurrency and how it affects their everyday life.

    LINKS TO TOPICS FROM THE SHOW

    Jason’s Music


    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)

    101 Series: GoChain Sep 24, 2018

    Mike noticed a coin called GoChain won the Binance monthly contest to get listed for free and decided to take a look at the project. GoChain is an interesting concept where they aren’t as interested in immutability as other coins, but see it as something that should be changed when necessary. Brent wasn’t here to yell at Mike and Karim about decentralization, so get a look at how this project might fare in the crypto world.

    Find out if Proof of Authority is something that you’d be interested in during this episode on GoChain.

    LINKS TO TOPICS FROM THE SHOW

    • Whitepaper
    • Subreddit
    • Website
    • Github
    • PoB vs PoR vs PoA
    • Poa Youtube Video


    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)

    China's rankings suck, EOS Troubles again, and Robin Hood giving to the rich. Sep 21, 2018

    Flagship Friday Episode 38: The CCID public blockchain rankings are a joke, and they have the team fired up. Whoever put them out didn’t even do their base level research, and the numbers don’t make any sense. Robin Hood is selling your data, there is a 21 day challenge going on with a woman in China...and she ended up in the hospital. Learn all this and more with a decent amount of mailbag and other fun rants on this episode of Crypto Basic Flagship Friday.

    LINKS TO TOPICS FROM THE SHOW

    • Mike’s Punishment
    • Doge 101
    • Robin Hood Data selling explained
    • 21 Day Challenge in China
    • Second Source for the 21 day Challenge
    • CCID Public Blockchain Rankings
    • EOSBet Troubles
    • EOS token Trybe
    • Czech Prime Minister and Pirate Party
    • Matt Odell Twitter Thread


    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.

    • Brave Browser Referral Link – Best browser out there
    • 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)

    101 Series: Dogecoin Sep 19, 2018

    Dogecoin is extremely unique in the crypto space. What started as a joke quickly became a project with a life of its own, with a unique community that has kept the project alive against all odds. Find out how the joke started, how they managed to get a NASCAR car to have the likeness, and learn where they might be going in the future.

    Brent and Mike do a really bad job of using Doge speak also. Much cringe.

    LINKS TO TOPICS FROM THE SHOW

    • Subreddit
    • Website
    • Block explorer
    • Wikipedia
    • Reddit post by Brent


    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.

    Brave Browser Referral Link – Best browser out there

    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)

    When moon? A mostly non-crypto round table episode. Sep 17, 2018

    WHEN MOON?! Literally. Today we decide to talk about the possibility of sending a space tourist around the moon with SpaceX. There’s not much in the way of crypto conversation here, other than talking about how much crypto it will cost.

    We also mention a punishment for Mike that can be found here.

    LINKS TO TOPICS FROM THE SHOW

    • Here is the link to the tweet
    • How we could build a moonbase today
    • SpaceX Website
    • Amazing Video of dual landing


    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.

    Brave Browser Referral Link – Best browser out there

    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)

    Why the NASDAQ is better than crypto Youtubers, and is Coinbase joining BlackRock? Sep 14, 2018

    Today on the show the boys talk about what punishment Mike needs to do for sucking so much. We draw the winner of the portfolio contest and talk about why Bitcoin Private was such a stupid choice.

    In the news we tackle the rumors that Coinbase and Black Rock are joining forces, check out spending DASH in Venezueala, and go into the NASDAQ creating a platform that will try and predict Cryptocurrency pricing. Then Karim goes on a long tangent about Brazil museums that has nothing to do with crypto and Brent complains about a dogleash.

    LINKS TO TOPICS FROM THE SHOW

    • Link to the Contest Winer
    • Black Rock and Coinbase Article
    • Black Rock and Coinbase Article source (behind paywall)
    • Dash in Venezuela Video
    • Investopedia article on crypto prediction algorithm
    • NASDAQ Analytics Hub main page
    • Brazil’s Museum Fire
    • More on the Museum
    • And finally the last museum piece
    • Old reddit post saying Eth $200 is possible


    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.

    Brave Browser Referral Link – Best browser out there

    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)

    101 Stablecoins: Tether, bitUSD, TrueUSD, DAI, and Gemini USD Sep 12, 2018

    Today Brent and Mike are going over a few of the USD Stablecoins, they explain what they are, why we might want them, and then tackle how each one of them work. Tether, BitUSD, TrueUSD, Maker DAI, and Gemini USD are on the docket for today.

    In the end all of these coins are cryptocurrency assets that are trying to mimic the US Dollar to the best of their ability, but they all go about it differently. Find out the subtle differences between Tether and all those other stable coins nipping at it heels, with a little talk about ponzi schemes to roll it all together.

    LINKS TO TOPICS FROM THE SHOW

    • TrustToken Audit Blog
    • ConsensysBlog on all StableCoins
    • Bitshares Website
    • MakerDAO Website
    • Bitshares Explained
    • Bitshares Further Explained
    • MakerDao Guide


    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)

    Luke Mulks, Director of Business Developement at Brave. Sep 10, 2018

    Luke Mulks, the Director of Business Development at Brave sits down with Brent ans answers all of his questions about the Brave Browser and the Basic Attention Token project. We talk a lot about the future of Brave, the future of privacy, and what we can expect for decentralization of the project in the future.

    Brent brags about getting some Brave Hydroflasks, and we even talk about the head scratching uphold.com partnership, getting a great explanation for how that worked out and what it looks like for the future. It’s one on one time, with a memberof the team of the best browsing experience around.

    LINKS TO TOPICS FROM THE SHOW

    Brave Subreddit

    Luke’s Twitter

    Download the Brave Browser (affiliate link)

    BasicattentionToken.org

    BasicattentionToken.Rocketchat

    Brave Telegram

    Blogs

    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)

    Why Craig Wright definitely isn't Satoshi and other nonsense - Flagship 36 Sep 07, 2018

    You know what time it is! It’s Flagship Friday! This week we’re talking about all the usual suspects. John McAfee and his hammocks, the SEC and it’s commissioners, and of course our best buddy Craig Wright. Find out why he’s definitely totally Satoishi and how he does exactly what Satoshi would do in any and all situations.

    You’ll also learn why the US may be losing to the rest of the world in the race for Blockchain tech, and how hard it is to predict Bitcoin prices even if you’re a self proclaimed expert. Finally we tackle a mailbag question about how we got into a cryptocurrency podcast in the first place.

    LINKS TO TOPICS FROM THE SHOW

    New Donald Trump SEC commissioner is Crypto friendly.

    The US is falling behind in Distributed Ledger Technology and here’s why

    What would Satoshi do? Probably the opposite of what Craig Wright does.

    Bitcoin Price experts try to predict the price of bitcoin in a little while. Spoiler – they suck at it.

    Taiwan blockchain hospital systems

    Bitcoin Bear Gang video (hilarious)


    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)

    Anthony Lusardi Round Table: Immutability and Censorship Sep 05, 2018

    Anthony Lusardi from the Ethereum Classic Cooperative is back again on the show. This time it’s a less formal scenario where we kicked Karim out. Mike and Brent talk with Anthony about immutability and how it can equate to censorship when that immutability is broken. The conversation goes all over the place, Anothony’s cat tries to stop him from making an announcement of an announcement at the end of the episode, but fails.

    Learn about the upcoming conference that will be live streamed at some ungodly hours where Anthony will be moderating a panel on this exact topic. We even get Anthony’s take on the Bitcoin vs Bitcoin Cash drama, and why it might be bad for crypto as a whole.

    LINKS TO TOPICS FROM THE SHOW

    Ethereum Classic Summit - This is where Anthony is going to be talking about immutability and censorship with people way more important than us.

    Anthony Lusardi Twitter - @pyskell

    Anthony Lusardi Linked in -


    HELP SUPPORT THE PODCAST!


    PLEASE Subscribe and give us an honest rating on iTunes.
    ETH Address: 0x9487f1B80693e0cF68EAF8F997E9C34Eb73F3B3D

    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)

    James Duffy Round Table - Gaming, Side-Chains, Loom, and Korean Culture Sep 02, 2018

    Brent and Mike sit down with James Duffy, the Co-Founder of the Loom Network to discuss a multitude of topics. They talk gaming as it’s central to the Loom Network, and get specific about Zombie Battlegrounds, where it came from and why it’s working. They talk about James’s very short lived poker career, his 10 years in Korea, and meeting like minds everywhere around the world.

    As usual, things get a little off topic. We talk about Ethereum, Bitcoin, and even work in a little callback to an old 101 and pet project of Brent’s – Spankchain. The round table’s always bring out the best in the crypto space, or sometimes they ignore cryptocurrency completely and talk about food.

    LINKS TO TOPICS FROM THE SHOW

    Loom Network Website

    Zombie Battelground – The Magic: The Gathering style game on the Loom Network.

    Cryptozombies.io – Actually a really awesome site where you can learn to code.

    Delegate Call – site where you can earn tokens for questions and answers.

    James Duffy’s Twitter

    James Duffy’s Linked in - Yes it’s in Korean.

    Loom Network Medium


    HELP SUPPORT THE PODCAST!


    PLEASE Subscribe and give us an honest rating on iTunes.
    ETH Address: 0x9487f1B80693e0cF68EAF8F997E9C34Eb73F3B3D

    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)

    FS35 - Square Patent, Student Debt, & Ian Balina Aug 31, 2018

    On this week’s Flagship Friday the whole team gets together to discuss some recent headlines. A new Bitcoin documentary highlights Jordan Belfort’s criticisms, Square lands a cryptocurrency patent, and Karim sneaks in a story about student debt. The Mt.Gox story may actually have a decent ending, Ian Balina reminds us shills still exists, and an Italian Football team... makes history? Yeah, kinda.

    LINKS TO TOPICS FROM THE SHOW

    Article - Dear Wolf of Wall Street: Nobody Cares What You Think

    Article - Square Wins Patent for Cryptocurrency Payment Network

    Article - Coinbase Survey Shows 18% of US Students Now Own Cryptocurrency

    Article - The Student Debt Problem Is Worse Than We Imagined

    Website - https://www.mtgox.com/

    Reddit - Ian Balina caught pooling 2.5M USD and frauding his own "fans".

    Reddit – Faketoshi Bait

    Reddit - When you thought 2FA is safe but then there is Bittrex support.

    Article - Italian Football Club Makes History After Becoming First To Be Purchased In Cryptocurrency

    JOIN OUR DISCORD HERE


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    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. Of course you can always send to our ETH address if you're feeling spicy.

    0x9487f1B80693e0cF68EAF8F997E9C34Eb73F3B3D


    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.

    Download one of the best browsing experiences out there: Brave. Also we get like $5.

    Podcast Theme Music

    Neledrax by Earradiate (2017)
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    101 Series: 0x Aug 29, 2018

    LINKS TO TOPICS FROM THE SHOW

    0x Whitepaper

    0x Website/Portal

    0x FAQ

    0x Subreddit

    Blog - Governance in 0x Protocol

    Article - 0x lets any app be the Craigslist of cryptocurrency

    Reddit – Brent asks r/0xProject some questions

    Blog - Why 0x is not as trustless as it may seem

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    These links are all referral links for us, but we use every one of these exchanges and wallets. Of course you can always send to our ETH address if you're feeling spicy.

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    FS34 - Bitconnect "Leader" Arrested, Bitmain IPO, North Korean Hackers Aug 24, 2018

    It’s time to sail the crypto waters again on our Friday Flagship! A Bitconnect “leader” gets arrested in India, the inventor of Bittorrent walks out after the Tron purchase, and we discuss some stories of middle men holding cryptocurrency hostage. Mining giant Bitmain is preparing for one of histories largest IPOs, the SEC denied Bitcoin ETFs (again), and Bakkt is finally getting ready to launch. Crypto around the world takes us to Australia where bills are getting easier to pay, and North Korea has its hackers focus on crypto.

    LINKS TO TOPICS FROM THE SHOW

    Article - India Bitconnect Head Arrested

    Article - Disagreement with Tron’s Acquisition, BitTorrent Inventor And Employees Quit In Protest

    Reddit - Localbitcoins.com is illegally holding my 9.3 bitcoin on "escrow" since may 2015

    Reddit - QuadrigaCX Randomly suspended my account with 700k in it, with no email no nothing.

    Article - The Bitmain IPO: A risky bet on mining and Bitcoin Cash?

    Article - U.S. Federal Court Accepts Cryptocurrency for Bail of Hacker

    Blog - Bakkt: An evolving market

    Article - Australians Can Now Pay Their Bills with Crypto

    Article - North Korean hackers are targeting cryptocurrency traders with fake software

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    101 Series: Basic Attention Token (BAT) Aug 22, 2018

    Mike and Brent sit down and discuss a combo experience: Brave browser and the Basic Attention Token. Mike starts the episode off with the worst pun known to man, and find out what the team thinks is BAT's biggest hurdle to cross, and why the Brave browser is the best browsing experience out there...most of the time. Learn why this token is trying to fix the massively broken advertising experience, how they intend to do that, and when you can expect things to get better. Get Basic with CryptoBasic...basically.

    LINKS TO TOPICS FROM THE SHOW

    BAT Whitepaper

    BAT Subreddit

    BAT Homepage

    BAT FAQ

    BAT Roadmap

    Picture – Current “middle man” landscape

    Website – Uphold.com

    Website – Envanto.com

    Video – CryptoCandor “Basic Attention Token | $BAT | Revolutionizing Digital Advertising”

    Video – David Hay “Crypto Review: BAT + Brave Browser 💣 Why I Sold Out Fast 💥”

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    Robin Hood is getting in the crypto game! You get a random stock valued between $5 and $200 and so do we, this is super exciting. Robin Hood has been one of the best experiences we’ve had with a
    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.
    Binance Exchange Binance is the primary location for many of the coins that are not available on CoinBase. They have the best user experience, don't use the USDT as a primary trading pair, and have reasonable customer service. Give them a look.
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    Roundtable #5 - Cardano Icarus Release, VeChain Vaccine Tracing, & Astroturfing Aug 20, 2018

    This week our Roundtable discussion will be more of a heads-up discussion between Karim and Brent as Mike decided it was more important to try to win poker tournaments! ¯\_(ツ)_/¯ We kick things off with some cryptocurrency updates for Cardano, Nano, Ethereum's Casper, and Vechain. Our RT topic was inspired by John Oliver’s recent “Astroturfing” episode, a topic we’ve discussed on the podcast before. Can we believe anything anymore? And why does Brent finish the episode feeling that Karim destroyed his childhood? Well we can’t say its mostly good news…..but we had fun debating!

    LINKS TO TOPICS FROM THE SHOW

    Blog - IOHK releases Icarus to the Cardano community

    Youtube – Charles Hoskinson “August 15th Announcement”

    Article - VeChain Announces Blockchain Vaccine Tracing Solution for China

    Twitter – Vitalik’s History of Casper

    Youtube - Astroturfing: Last Week Tonight with John Oliver (HBO)

    Youtube - Astroturf and manipulation of media messages | Sharyl Attkisson | TEDxUniversityofNevada

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    Flagship Friday #33 Aug 17, 2018

    This week our Flagship sails with it’s entire crew as we sail the sea of red which is the current crypto markets… when moon again? o(╥﹏╥)o We kick things off by talking about Bitfi, McAfee’s “unhackable” cryptocurrency hard wallet, getting hacked. AT&T gets sued for $224 million over crypto theft, another major exchange moves to Malta, IOTA update, and an “Exchange Traded Note” gets around the SEC. To finish things off crypto around the world takes us India where the government is exploring blockchain for public transportation, and the Thai SEC approves some businesses.

    LINKS TO TOPICS FROM THE SHOW

    Article - 15-Year-Old Plays DOOM On BitFi Wallet Because John McAfee Still Won't Stop Talking

    Article - John McAfee’s ‘unhackable’ cryptocurrency wallet has been hacked (again)

    Reddit - Here is my bank instalment related to the loan I took to invest in crypto.

    Article - Another Top-5 Cryptocurrency Exchange Plots Move to Malta’s ‘Blockchain Island’

    Article - Bitcoin Holds Above $6,000 While Industry Figures Warn Over ETF ‘Benefits’

    Article - India’s Govt Considers Allowing Crypto Tokens for Metro Cards, Airline Tickets

    Article - Another Top-5 Cryptocurrency Exchange Plots Move to Malta’s ‘Blockchain Island’

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    RT #4 - Free Speech, Censorship, & Cryptocurrency Aug 15, 2018

    It’s time for another Roundtable discussion and somehow Brent managed to pick the topic again! We lead off with some news about Kucoin and their headquarters, Vitalik proposed a new algorithm to prevent 51% attacks, and a quick update on IOTA drama. For the Roundtable we discuss censorship, with media giants shutting down Alex Jones for violations of terms of service the boys have to ask… is this a good idea? What doors are we opening here? And does cryptocurrency have anything to say about this dynamic? Let the debates begin!

    LINKS TO TOPICS FROM THE SHOW

    Article - Vitalik’s new Consensus Algorithm to make 51% attack obsolete

    Blog - A Guide to 99% Fault Tolerant Consensus by Vitalik Buterin

    Screenshot – IOTA Drama Update

    Article - Blockchain Can Prevent Tech Giants’ Internet Censorship

    Article - Alex Jones is far from the only person tech companies are silencing

    Article - YouTube isn’t infringing on Alex Jones’ freedom of speech, it’s enforcing the rules

    Article - #Metoo in China: fledgling movement in universities fights censorship

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    Ethereum Donations Welcomed =)

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    Roundtable #3 Aug 13, 2018

    We have a new guest on the show this week joining us for another Roundtable discussion. Matthew Mežinskis is one of the creators of the popular Crypto Voices podcast, where he and his co-host Fernando explore the world of cryptocurrency through the lens of Austrian economics. Matthew sits down with the entire crew to discuss his favorite topic (monetary policy), as well as explain what Bitcoin maximalism is all about. There’s also a lot of talk about charts because… well that’s a lot of crypto nerds in one room!

    LINKS TO TOPICS FROM THE SHOW

    Crypto Voices – Homepage

    Crypto Voices – Who We Are

    Crypto Voices Charts – Share of Global Crypto Market Cap

    Crypto Voices Charts – Transaction Volume

    Twitter @crypto_voices

    Wikipedia – Austrian School

    Article – What is Austrian Economics

    Article – Bitcoin Maximalism

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    Robin Hood is getting in the crypto game! You get a random stock valued between $5 and $200 and so do we, this is super exciting. Robin Hood has been one of the best experiences we’ve had with a
    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.
    Binance Exchange Binance is the primary location for many of the coins that are not available on CoinBase. They have the best user experience, don't use the USDT as a primary trading pair, and have reasonable customer service. Give them a look.
    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.

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    Flagship Friday 32 Aug 10, 2018

    Falgship Friday time, let’s see what’s in store for is in this week in the world of crypto! The owner of the NYSE exchange says Bitcoin can be the first worldwide currency… and they intend to help make this happen. Apple makes history as it reaches $1 trillion and Karim goes on a not so unexpected rant about big corporations (◔_◔) IOTA leaked emails reveal behind the scenes drama, Vitalik and Charles plan a debate via blog, Berlin prepares to host a truly crypto themed hackathon, and the Chinese retaliate to Trump’s tariffs. And Brent goes on a rant about toilets….really.

    LINKS TO TOPICS FROM THE SHOW

    Article - Bitcoin Could be ‘First Worldwide Currency’: NYSE Owner

    Article - Apple breaches US$1 trillion stock market valuation

    Article - Apple Hits $1 Trillion, But It's Still Not The Most Valuable Company In The World

    Article - University Research Made Your Smartphone Smart

    Article - Charles Hoskinson drops message for Vitalik Buterin amidst upcoming Cardano updates

    Main – ETH Berlin

    Article - China slaps 25% tariffs on $16 billion worth of US goods

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    Loom Network 101 Aug 08, 2018

    It’s time to explore a new coin and today Mike sits down with Karim to break down one of his favorite cryptocurrency projects, Loom Network. While on the surface this may just look like a gaming platform, Loom is actually pursuing the broader vision of creating scaling solutions for Ethereum. Have you ever heard of a coin which had a kick-starter but no ICO? And what exactly is a Zombie Chain? You know what I’m going to say next… tune in to find out!

    LINKS TO TOPICS FROM THE SHOW

    Loom Whitepaper

    Loom Subreddit

    Loom Main Website

    Loom Block Explorer

    Loom FAQ

    Blog - Everything You Need To Know About Loom Network, All In One Place

    Blog - Zombie Battleground Launches on Kickstarter

    Blog - Plasma on Loom Network DAppChains: Scalable DApps With Ethereum-Secured Assets

    Blog - DAppChains: Scaling Ethereum DApps Through Sidechains

    Article - Ethereum’s First Production Scaling Project Is Here – But With a Catch

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    Robin Hood is getting in the crypto game! You get a random stock valued between $5 and $200 and so do we, this is super exciting. Robin Hood has been one of the best experiences we’ve had with a
    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.
    Binance Exchange Binance is the primary location for many of the coins that are not available on CoinBase. They have the best user experience, don't use the USDT as a primary trading pair, and have reasonable customer service. Give them a look.
    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.

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    Roundtable: Game Theory in Cryptocurrency Aug 06, 2018

    We recently released a Game Theory 101 episode in which we provided a general overview of the field and its concepts. But this week we want to let the conversation flow as we looked at how Game Theory actually applies in the world of cryptocurrency and economics. Joining us for this discussion and truly elevating the level of the conversation is Finance PhD and ZenCash co-founder, Robert Viglione. The conversation jumps from voting incentives & security to liquid democracy, decentralization to politics, and ultimately even how to construct new societies from scratch. No lecture today and no class, just coffee and crypto fans nerding out.

    LINKS TO TOPICS FROM THE SHOW

    CryptoBasic 101 Series: Game Theory

    Robert Viglione

    LinkedIn

    Twitter

    ZenCash.Com

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    Robin Hood is getting in the crypto game! You get a random stock valued between $5 and $200 and so do we, this is super exciting. Robin Hood has been one of the best experiences we’ve had with a
    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.
    Binance Exchange Binance is the primary location for many of the coins that are not available on CoinBase. They have the best user experience, don't use the USDT as a primary trading pair, and have reasonable customer service. Give them a look.
    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.

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    Flagship Friday 31 Aug 02, 2018

    New Friday means new Flagship… and new month means another victory for TeamKarim

    \ (•◡•) /

    This week SEC commissioner Hester Peirce defends investor’s right to invest in cryptocurrency and Brent finds a new scam coin called Apollo. John McAfee launches an unhackable crypto wallet which quickly gets hacked, Vitalik and CZ speak so we listen, Australian’s conduct a blockchain enabled trade experiment, and Venezuela attempts to address its out of control inflation.

    LINKS TO TOPICS FROM THE SHOW

    Original Source - Dissent of Commissioner Hester

    Video - CNBC Exclusive: Interview with SEC commissioner Hester Peirce - BTC ETF.

    Article - The SEC's Hester Peirce Isn't a Bitcoin Champion, Just a Regulatory Realist

    Kickstarter - Stephen McCullah Kickstarter Scam

    Blog - Bitfi's hardware wallet is terrible

    Twitter - @OverSoft on BitFi

    Article - Commonwealth Bank completes new blockchain-enabled global trade experiment

    Article - Venezuela to remove five zeroes from ailing currency

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    Robin Hood is getting in the crypto game! You get a random stock valued between $5 and $200 and so do we, this is super exciting. Robin Hood has been one of the best experiences we’ve had with a
    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.
    Binance Exchange Binance is the primary location for many of the coins that are not available on CoinBase. They have the best user experience, don't use the USDT as a primary trading pair, and have reasonable customer service. Give them a look.
    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.

    Podcast Theme Music

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    Roundtable: Twitter & Outrage Culture Aug 01, 2018

    CryptoBasic is happy to bring you our first ever installment of our new Roundtable series! You know we like to rant, but we didn’t know that you actually enjoy it when we rant =) This new format will take a specific topic, often but not always cryptocurrency related, and allow us to share our thoughts and explore tangents without constrain. We are starting off the series by letting Brent pick a topic that’s really been grinding his gears – Twitter & Outrage Culture. Have we gone too far? Can anyone say anything anymore without being punished by the wrath of the masses? The Roundtable is in session!

    LINKS TO TOPICS FROM THE SHOW

    Reddit Discussion – Vitalik (u/vbuterin) & Charles (u/ethereumcharles)

    Reddit Discussion – Cobra & Adam Back

    Adam Back “Meme” (Apparently Brent thought this was worth posting as show-notes ◔_◔ )

    Audi Think Tank & IOTA Foundation (second picture triggered Brent)

    What a REAL meeting looks like (according to Brent)

    Vox - Elon Musk just called one of the Thai cave rescuers a pedophile

    Urban Dictionary Definition for “pedo guy.” (Probably submitted by Brent)

    How Mike Cernovich Got James Gunn Fired from Guardians of the Galaxy 3

    Florida Man Outraged that People are Outraged

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    Robin Hood is getting in the crypto game! You get a random stock valued between $2 and $200 and so do we, this is super exciting. Robin Hood has been one of the best experiences we’ve had with an “old school” exchange, and we’re super excited that they’re going to be bringing their talents to crypto.
    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.
    Binance Exchange Binance is the primary location for many of the coins that are not available on CoinBase. They have the best user experience, don't use the USDT as a primary trading pair, and have reasonable customer service. Give them a look.
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    101 Series: Security Jul 30, 2018

    It’s time for another 101 Breakdown and this week we are looking at security and privacy. Brent sits down with Mike in order to discuss a variety of personal security topics including how to create safe passwords, varying passwords per site, and using password managers. We also look at other attack vectors such as social engineering, malware, public networks, & VPNs. Brent even compares browsers like Brave and Firefox, messaging apps, social networks, and operating systems!

    LINKS TO TOPICS FROM THE SHOW

    Password Strength xkcd

    Passphra.se – Password generator inspired by xkcd comic

    Youtube “Edward Snowden on Passwords: Last Week Tonight with John Oliver (HBO)”

    Password Managers

    • LastPass.com
    • Bitwarden.com
    • Keepass.info

    That One Privacy Site – VPN Section

    Privacytools.io

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    Robin Hood is getting in the crypto game! You get a random stock valued between $5 and $200 and so do we, this is super exciting. Robin Hood has been one of the best experiences we’ve had with a
    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.
    Binance Exchange Binance is the primary location for many of the coins that are not available on CoinBase. They have the best user experience, don't use the USDT as a primary trading pair, and have reasonable customer service. Give them a look.
    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.

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    Flagship Friday #30 Jul 27, 2018

    This week we start things of by re-evaluating the Ross Ulbricht story after news came out that his murder-for-hire charges are being dropped. This is a story we have discussed before on the podcast, but with new information, the guys shift their stances. We also discuss FOMO 3D and Karim takes us off topic for some out of this world news… we found liquid water on mars! Facebook allows Coinbase ads again, a new site tracks “cryptocurrency experts” predictions, the G20 weighs in on crypto, and someone in China uses blockchain to circumvent censorship.

    LINKS TO TOPICS FROM THE SHOW

    Ross Ulbricht's Murder-for-Hire Charges Dropped by U.S. Attorney

    How the US government is using blockchain to fight fraud

    Underground Lake of Liquid Water Detected on Mars

    Radar has found liquid water on Mars, but don’t expect anyone to drink it

    The Cryptocurrency Exchange Coinbase Was Assed to the Whitelist for Publishing Advertising on Facebook

    CryptoPundit.com

    G20 Argentina 2018 Communique (Point #10)

    Chinese Citizens Are Using Blockchain to Warn Each Other of Unsafe Vaccines

    Ethereum’s Blockchain Used to Bypass Censorship of a Pharmaceutical Scandal

    Etherscan Block 6007493

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    Robin Hood is getting in the crypto game! You get a random stock valued between $5 and $200 and so do we, this is super exciting. Robin Hood has been one of the best experiences we’ve had with a
    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.
    Binance Exchange Binance is the primary location for many of the coins that are not available on CoinBase. They have the best user experience, don't use the USDT as a primary trading pair, and have reasonable customer service. Give them a look.
    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.

    Podcast Theme Music

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    101 Series: Augur Jul 25, 2018

    Tell me crypto wanderers, have you ever wanted to predict the future? The betting and prediction platform that is Augur has finally launched, so what better time for an Augur 101 CryptoBasic breakdown! Brent and Karim sit down to discuss how prediction markets on Augur are created, wagered on, and closed. We also discuss the recent launch, how the project has grown, the Forecast Foundation’s role in the project, it’s main competitors, and explore how prediction markets could evolve.

    LINKS TO TOPICS FROM THE SHOW

    Augur: a Decentralized, Open-Source Platform for Prediction Markets

    Augur FAQ

    Hackerone Augur Bounties

    Augur Weekly Development Update — March 7th

    Augur Betting Volumes Just Topped $1 Million (And They're Accelerating)

    Predictions.Global

    Augur Gives Insight Into Early Days With Data Release

    $20K in Crypto: The First Bets on Prediction Market Augur Just Paid Out

    Augur mainnet faces some harsh criticism

    The Radical Potential Of Augur

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    Robin Hood is getting in the crypto game! You get a random stock valued between $5 and $200 and so do we, this is super exciting. Robin Hood has been one of the best experiences we’ve had with a
    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.
    Binance Exchange Binance is the primary location for many of the coins that are not available on CoinBase. They have the best user experience, don't use the USDT as a primary trading pair, and have reasonable customer service. Give them a look.
    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.

    Podcast Theme Music

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    101 Series: Game Theory Jul 23, 2018

    These guy may be a bunch of crypto amateurs, but this week they’re kicking the expertise up a notch! We’re breaking down Game Theory today, and who better than a trio of professional poker player to explain this concept? Well… probably a lot of people, but you’re stuck with us ¯\_(ツ)_/¯ What is Game Theory and how can we apply it to our life? We kick off with a history lesson about how the field came to be and then get more hands on as we explore concepts like the prisoner’s dilemma, the tragedy of the commons, talk meta, and more. Oh and Brent makes us play a game!

    LINKS TO TOPICS FROM THE SHOW

    Investopedia: Game Theory

    Wikipedia: Game Theory

    Stanford Encyclopedia of Philosophy

    Investopedia: The Basics of Game Theory

    The Triumph (and Failure) of John Nash’s Game Theory

    Recommendation letter for John Nash is the best we've ever seen

    Wikipedia: Thomas Schelling

    How Game Theory Works

    Thomas Schelling has died. His ideas shaped the Cold War and the world.

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    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 Nano S - Get the goods here This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S.

    Robin Hood is getting in the crypto game! You get a random stock valued between $2 and $200 and so do we, this is super exciting. Robin Hood has been one of the best experiences we’ve had with an “old school” exchange, and we’re super excited that they’re going to be bringing their talents to crypto.
    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.
    Binance Exchange Binance is the primary location for many of the coins that are not available on CoinBase. They have the best user experience, don't use the USDT as a primary trading pair, and have reasonable customer service. Give them a look.
    CryptoBasicPodcast@gmail.com
    405.440.3260

    Theme Music - Neledrax by Earradiate (2017)

    FlagShip Friday: Episode 29 Jul 20, 2018

    The Flagship is ready to sail! This week we kick off the show with Karim getting all fired up about corruption and a certain US Congressman… looking at you Brad Sherman. ಠ╭╮ಠ Brent has some words of approval for Coinbase and its handling of its upcoming coin considerations (ADA, XLM, ZEC, ZRX, BAT). We also look at a cryptocurrency study from Croatia (good job boys!), Brent defends EOS (yup, seriously) and has to eat some crow, Vitalik has some tough questions for the community, and the new CEO of Goldman Sachs sets his eyes on cryptocurrency, and the boys go on some off topic rants.

    LINKS TO TOPICS FROM THE SHOW

    Article - US Congressman Calls for Ban on Crypto Buying and Mining

    Profile – Brad Sherman OpenSecrets.org Campaign Donors

    Reddit - Brave Passes 3 Million Monthly Active Users and Makes Top 10 List in the Play Store in 21 Countries

    Article - XRP users call on FINRA to probe Coinbase for possible price manipulation

    Article - Coinbase Says It Won Approval for Trio of Acquisitions

    Paper - Distributed Ledger Technology: Blockchain Compared to Directed Acyclic Graph

    Reddit – Community blames EOS for ETH price hikes

    Article - Ethereum co-founder Vitalik Buterin comes up with seven difficult questions for the cryptoverse

    Article - Goldman Sachs' New CEO David Solomon Is Keen On Bitcoin And Crypto

    Reddit - Venezuelan user: I bought +102 kg of food today

    JOIN OUR DISCORD HERE


    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.

    Robin Hood is getting in the crypto game! You get a random stock valued between $2 and $200 and so do we, this is super exciting. Robin Hood has been one of the best experiences we’ve had with an “old school” exchange, and we’re super excited that they’re going to be bringing their talents to crypto.
    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.
    Binance Exchange Binance is the primary location for many of the coins that are not available on CoinBase. They have the best user experience, don't use the USDT as a primary trading pair, and have reasonable customer service. Give them a look.
    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.
    CryptoBasicPodcast@gmail.com
    405.440.3260

    CryptoConvos: Robert Viglione #2 Jul 18, 2018

    For today’s interview we get a chance to sit down with ZenCash co-founder Robert Viglione in order to discuss a variety of topics. We kickstart this interview by diving deep into the recent 51% attack, breaking down the exact timeline of events, ZenCash’s preparation and response, and what the plans are to prevent this going forward. The second half of the interview focuses on updates from the project as we discuss sidechains, the recent re-branding, Pornhub partnership, SuperNode layer, liquid democracy, DAG protocol, IOHK partnership, internal engineering, and some fun bonus questions!

    LINKS TO TOPICS FROM THE SHOW

    ZenCash Website

    ZenCash Whitepaper

    ZenCash Subreddit

    Blog Post - Zen is Antifragile: Beyond a 51% Attack

    Blog Post - ZenCash Super Node Beta Is Here!

    Steemit – Rob Viglione @finpunk

    Twitter - @robviglione

    Video - Robert Viglione: Combinatorial Innovation & competing in an open-source world - BBConfGeorgia

    JOIN OUR DISCORD HERE


    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.

    Robin Hood is getting in the crypto game! You get a random stock valued between $5 and $200 and so do we, this is super exciting. Robin Hood has been one of the best experiences we’ve had with a
    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.
    Binance Exchange Binance is the primary location for many of the coins that are not available on CoinBase. They have the best user experience, don't use the USDT as a primary trading pair, and have reasonable customer service. Give them a look.
    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.

    Podcast Theme Music

    Neledrax by Earradiate (2017)
    CryptoBasicPodcast@gmail.com
    405.440.3260

    101 Series: FCOIN Jul 16, 2018

    It’s been a few months now since the Bitconnect Ponzi scheme crumbled (Thats a SCAM!). But contrary to what Carlos Matos would have you believe the world is still the same, and as long as there is money to be made there will continue to be cheats and swindlers looking to take advantage of unsuspecting cryptocurrency investors. Is FCOIN a scam? Almost certainly, and we therefore created this 101 breakdown both as a PSA for the crypto community and as an exercise in spotting the red flags which help us identify this project for what it is – fraud. There is no doubt FCOIN gets an F as an investment, but by learning the tells of those trying to swindle us, you can still get an A as an investor.

    LINKS TO TOPICS FROM THE SHOW

    FCOIN Whitepaper

    FCOIN Website

    FCOIN Wallets & Balances

    Article: FCoin Exchange Now Compared To Ponzi Scheme

    Reddit: One of the biggest scams to ever hit Crypto - Welcome to FCOIN Exchange

    Article: Ponzi Scheme (Investopedia)

    Article: PR: Former Huobi CTO Zhang Jian Launches FCoin, Gaining Investments from Top Venture Capital Firms

    Is this the same Zhang Jian? Article from 2017

    Article: Who is Zhang Jian? 8 things to know about the self-proclaimed "future richest man in the world"

    JOIN OUR DISCORD HERE


    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.

    Robin Hood is getting in the crypto game! You get a random stock valued between $5 and $200 and so do we, this is super exciting. Robin Hood has been one of the best experiences we’ve had with a
    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.
    Binance Exchange Binance is the primary location for many of the coins that are not available on CoinBase. They have the best user experience, don't use the USDT as a primary trading pair, and have reasonable customer service. Give them a look.
    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.

    Podcast Theme Music

    Neledrax by Earradiate (2017)
    CryptoBasicPodcast@gmail.com
    405.440.3260

    Flagship Friday: Episode 28 Jul 13, 2018

    It’s time again to cruise the crypto waters on our Friday Flagship! The whole gang is here to discuss Vitalik’s comments on centralization, Vitalik’s request to Twitter’s CEO, and of course Vitalik clapping….wait, is this a Vitalik themed episode? Maybe a little! But we also talk about the Augur launch, Bancor Exchange wallets get hacked, Binance on its way to record profits, and we peek at JPMorgan’s internal report on crypto. Crypto around the world this week has stops in Amsterdam, India, and of course South Korea.

    LINKS TO TOPICS FROM THE SHOW

    Article - Vitalik Buterin: “I definitely hope centralized exchanges go burn in hell as much as possible”

    Article - Vitalik Buterin appeals to Twitter founder for help against Ethereum scambots

    Video – Vitalik Clapping

    Article - $12.5 Million ETH stolen as Bancor gets hacked.

    Blog - Switcheo Network — Founders’ Statement

    Article - Binance to Record $1 Billion Profit in 2018, Surpassing Major Institutions

    Twitter – CZ compares Bitcoin today to one year ago

    Link – Comments on Cboe BZX Rulemaking (US Securities and Exchange Commission)

    Article - JPMorgan internal report: Ripple, Bitcoin, Ethereum, Cardano, Dash, Litcoin are here to stay

    Article - Speed Trader Jumps Into Crypto Bets Opposed by Watchdog

    Article - India’s Cryptocurrency Banking Ban May Be a Bust

    Article - KBA: All Exchanges Meet Requirements

    JOIN OUR DISCORD HERE


    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.

    Robin Hood is getting in the crypto game! You get a random stock valued between $5 and $200 and so do we, this is super exciting. Robin Hood has been one of the best experiences we’ve had with a
    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.
    Binance Exchange Binance is the primary location for many of the coins that are not available on CoinBase. They have the best user experience, don't use the USDT as a primary trading pair, and have reasonable customer service. Give them a look.
    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.

    Podcast Theme Music

    Neledrax by Earradiate (2017)
    CryptoBasicPodcast@gmail.com
    405.440.3260

    101 Series: Investment Theories & Strategies Jul 11, 2018

    Lets be honest, for most of us the world of blockchain is experienced through an investing lens… so why don’t we learn a little bit about investing! For this episode Brent and Karim are reminded that there is much they still don’t know as they explore different investment theories and strategies. Why do prices seem to move at random? Are markets really efficient? How does Dollar Cost Averaging compare to Value Averaging? If you loved our Cognitive Biases 101 episode you’re in for a treat, but remember – WE ARE NOT FINANCIAL ADVISORS! ಠ_ಠ

    LINKS TO TOPICS FROM THE SHOW

    Adaptive market hypothesis

    Are There Better Strategies Than Dollar Cost Averaging?

    Behavioral Finance: Handbook of Judgment and Decision Making

    Brownian Motion (Wiener Process)

    Choosing between dollar-cost and value averaging

    Higher Returns on Auto-Pilot—Dollar-Cost Averaging

    Martingale (Probability Theory)

    Martingale Graphs -

    Random Walk Theory

    The Best Investment Strategies

    The Black Swan: The Impact of the Highly Improbable

    The Complete TurtleTrader

    The Random Walk and the Efficient Market Hypotheses

    Turtle Trading: A Market Legend

    Value Averaging (Investopedia)

    Value Averaging Spreadsheet

    Value Averaging: The Safe and Easy Strategy for Higher Investment Returns

    Why Dollar-Cost Averaging Stinks

    JOIN OUR DISCORD HERE


    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.

    Robin Hood is getting in the crypto game! You get a random stock valued between $5 and $200 and so do we, this is super exciting. Robin Hood has been one of the best experiences we’ve had with a
    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.
    Binance Exchange Binance is the primary location for many of the coins that are not available on CoinBase. They have the best user experience, don't use the USDT as a primary trading pair, and have reasonable customer service. Give them a look.
    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.

    Podcast Theme Music

    Neledrax by Earradiate (2017)
    CryptoBasicPodcast@gmail.com
    405.440.3260

    101 Series: Zcash Jul 09, 2018

    It’s time for another 101 breakdown and this week we are going to look at Zcash, a coin whose forks we somehow managed to cover before the coin itself! Brent sits down with Mike to finally explore this privacy focused project which frankly CryptoBasic had avoided due to what we considered outrageous founder rewards…. has our opinion been changed? We also explore why privacy matters to law abiding citizens in this 101 series on Zcach. Will this controversial coin yield a controversial episode? Well… it is Brent presenting after-all =)

    LINKS TO TOPICS FROM THE SHOW

    Zcash Website

    Zcash Whitepaper

    Zcash FAQ

    Zcash Subreddit

    Zcash Wikipedia

    Zcash Block Explorer

    Blog - “Zcash: Separating Fact from Fiction”

    Blog - “Why Zcash is set to shine in 2018”

    Reddit – Vitlaik on Privacy

    JOIN OUR DISCORD HERE


    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.

    Robin Hood is getting in the crypto game! You get a random stock valued between $5 and $200 and so do we, this is super exciting. Robin Hood has been one of the best experiences we’ve had with a
    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.
    Binance Exchange Binance is the primary location for many of the coins that are not available on CoinBase. They have the best user experience, don't use the USDT as a primary trading pair, and have reasonable customer service. Give them a look.
    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.

    Podcast Theme Music

    Neledrax by Earradiate (2017)
    CryptoBasicPodcast@gmail.com
    405.440.3260

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