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    The Crypto Conversation

    Brave New Coin’s Crypto Conversation talks to the key people creating the Bitcoin, blockchain, and cryptocurrency future. Hosted by Andy Pickering, learn how this rapidly evolving industry is reshaping the world as we move towards decentralized finance, NFTs and Web3.

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    Latest Episodes:
    COVID-19 is spreading - How to bound the downside Mar 13, 2020
    Show notes

    Trent McConaghy is a data and statistical modeling expert. Alarmed at the exponential spread of COVID-19, Trent became concerned that if the virus followed the same trajectory as in Wuhan and Lombardy - other cities would be similarly overwhelmed. Trent created a model to answer the question - how long before hospital capacity gets overwhelmed; at which point the death rate jumps? The focus of the modeling is on the hot zones of the U.S. and Germany: Washington state (WA) and Berlin. According to the model WA will hit capacity by March 25, and Berlin by April 5.

    Why you should listen:

    There are things we can do now, as citizens, organizations and governments, to slow the spread of COVID-19 and to bound the downside. If we don't, the downside could be severe. Trent has a Ph.D. in EE from KU Leuven, Belgium. He undertook machine learning research for the Canadian Department of National Defense. He is the founder of Ocean Protocol, a decentralized data marketplace.

    COVID-19 is a Black Swan. It's gone from highly unlikely, to likely, to happening. No one has perfect models of how it will unfold, exactly. But, we can identify possible worst-case scenarios and take action to minimize the negative impacts if those scenarios do occur. The most rational thing that we can do is to bound the downside.

    Key takeaway:

    The virus will not hit nations in a uniformly spread fashion. It will take out one city at a time, not one country at a time. In China, Northern Wuhan was taken out first. In Italy, it was Lombardy, Venice, and Milan. So while we can start with analyses at the national level (USA, Germany), it's critical to drill into specific hotspots (Washington state, Berlin) which will experience capacity constraints sooner than the national average.

    What can be done? For starters, get more beds. Cancel large gatherings, start remote work, and accelerate universal testing. We should act now. We can learn a lot from Taiwan, Hong Kong, and Singapore.

    The Crypto Conversation is proudly sponsored by DeFi leaders NEXO

    Click here to borrow instantly in 45+ fiat currencies

    Click here to earn daily interest on your idle assets

    Supporting links:

    When does hospital capacity get overwhelmed

    What we can do about Coronavirus

    Systemic Risk of Pandemic via Novel Pathogens

    Ocean Protocol

    Trent on Twitter

    Andy on Twitter

    Brave New Coin on Twitter

    Brave New Coin

    If you enjoyed the show please subscribe to the Crypto Conversation and give us a 5-star rating and a positive review in whatever podcast app you are using.


    American Crypto - Binance.US is making moves Mar 09, 2020
    Show notes

    Catherine Coley is the CEO of Binance.US - the San Francisco based digital asset marketplace that serves American traders under the blue-chip Binance brand. Catherine says that CZ led Binance to the top by adopting a remote-first, decentralized approach.

    Why you should listen:

    Catherine says Binance U.S. is the perfect mix for the 'ambitious trader', someone who knows markets, wants to see order depth and market structure, and wants to use the best trading tools available. Binance executed flawlessly in its first year of operation, growing at a scale beyond any other exchange. By adopting a remote-first, decentralized approach, CZ allowed the Binance team to be their best selves.

    Catherine also talks about her time as the head of XRP Institutional Liquidity at Ripple during the 2017 bull run. There was a button on the Ripple website that traders could push to find out where to buy XRP that sent an auto-email to Catherine. She says at the peak of the rally, she received 17,000 emails in a six-hour window.

    Key takeaway:

    The U.S. exchange market is competitive, but Catherine is confident to be the CEO of the leading exchange brand in crypto and working with the best trading engine available. While some see the U.S. as falling behind in the global crypto market, Catherine sees an incredible opportunity to get it right. She says crypto represents freedom and we are at the very beginning of the crypto revolution globally.

    Catherine still does customer support which gives her invaluable insight into Binance customer needs. Catherine is a major Star Wars nerd, a mega Mandolorian fan and she proudly wears her Darth Vader costume every year for May the 4th and Halloween.

    The Crypto Conversation is proudly sponsored by DeFi leaders NEXO

    Click here to borrow instantly in 45+ fiat currencies

    Click here to earn daily interest on your idle assets

    Supporting links:

    Binance.US

    Binance.US on Twitter

    Catherine on Twitter

    Andy on Twitter

    Brave New Coin on Twitter

    Brave New Coin

    The Bitcoin Halving

    NEXO

    If you enjoyed the show please subscribe to the Crypto Conversation and give us a 5-star rating and a positive review in whatever podcast app you are using.


    Inflection Point - Did the Coronavirus kill the Everything Rally? Feb 28, 2020
    Show notes

    Kevin Kelly is a co-founder and macro strategist at Delphi Digital, an independent research boutique providing institutional-grade analysis on the digital asset market. Kevin has been tracking what he calls an "inflection point" in the "everything rally." Is the Coronavirus the black swan event that will trigger a major correction across global financial markets? What does this mean for the crypto markets?

    Why you should listen:

    Kevin was a U.S. Equity Strategist at Bloomberg before falling down the crypto rabbithole and taking his macro skills to the digital asset space. Kevin gives his helicopter view of the fast-moving macro situation. All markets are extremely volatile and the situation is changing daily as markets react to rising concern over the potential for a global Coronavirus pandemic.

    Key takeaway:

    The Coronavirus is a black swan event that is likely to get worse before it gets better. When confronted by a highly contagious virus, it is better to be paranoid early, rather than panic late. Google, Amazon and Facebook have too much market power and too much control over user data. The promise and potential of Web 3.0 is to give power back to the individual by giving them the tools to monetize their data and attention.

    Supporting links:

    Delphi Digital

    Systemic Risk of Pandemic via Novel Pathogens

    The Transall Saga

    The Bitcoin Halving

    Kevin Kelly on Twitter

    Andy on Twitter

    Brave New Coin on Twitter

    Brave New Coin


    Flash Loans - Mapping the esoteric landscape of DeFi Feb 24, 2020
    Show notes

    Andy talks with self-described 'flash loans maximalist' Stani Kulechov, founder and CEO of the Aave Protocol. We explore the increasingly exotic and esoteric landscape of Decentralized Finance or Money Lego - the DeFi ecosystem built on Ethereum. Against the backdrop of the recent DeFi exploits, we discuss the new flash loan innovation that allows traders to take out a loan without collateral by paying back the loan in the same smart contract transaction.

    Why you should listen:

    Ethereum developers and the DeFi community see the emerging decentralized finance model as a genuine alternative to the legacy financial system. Listen as Stani explains his vision for the Aave protocol and the use cases for flash loans. DeFi is still in a nascent stage andexploits are an inevitable part of the growth cycle as the technology matures. These events are necessary to strengthen the system before it is ready for mainstream use.

    Key takeaway:

    Decentralization is a journey, not a destination. DeFi may be the decentralized, accessible, immutable financial system of the future, however, the technology is new and still in the experimental stage. The current smart contract attack surface remains open to exploits.

    Supporting links:

    Aave

    Flash Loans

    Stani on Twitter

    Aave on Twitter

    Andy on Twitter

    Brave New Coin on Twitter

    Brave New Coin

    If you enjoyed the show please subscribe to the Crypto Conversation and give us a 5-star rating and a positive review in whatever podcast app you are using.


    Proof of Space - Chia is a green, environmentally-friendly cryptocurrency Feb 19, 2020
    Show notes

    In part 2 of our conversation with Bram Cohen, Bram outlines the flaws in the financial system, and how Bitcoin was supposed to address them. Bram then takes on Bitcoin, his view is that Bitcoin is too centralized and that its energy footprint is wasteful. Bram explains how his new cryptocurrency project Chia hopes to build on the blueprint of Bitcoin, but instead of using the energy-intensive proof-of-work consensus algorithm, Chia uses proof of space and time, free hard disk space, to create a new Nakamoto-style consensus algorithm.

    Why you should listen:

    Bram's vision for Chia is to create a cryptocurrency with the same properties as Bitcoin, but without the enormous energy footprint, and he wants it to be decentralized, and for any individual to be able to farm (mine) the network and participate. Bram says Chia has several unique features that will encourage adoption and even capture market share from Bitcoin.

    Key takeaway:

    Bitcoin is a revolutionary idea that solved the trusted third party problem and the double spend problem but miners are too centralized and the energy footprint is wasteful. Bram's vision for Chia addresses these two perceived weaknesses.

    Links:

    Bram Cohen's Wikipedia page

    Chia

    Chia Green Paper

    Bitcoin

    Bitcoin Hash Rate By Mining Pool

    Dr Who

    Bram on Twitter

    Chia Project on Twitter

    Andy on Twitter

    Brave New Coin on Twitter

    Brave New Coin

    If you enjoyed the show please subscribe to the Crypto Conversation and give us a 5-star rating and a positive review in whatever podcast app you are using.


    Information wants to be free - Bram Cohen on BitTorrent, content, copyright & crypto (part 1) Feb 17, 2020
    Show notes

    This is part one of a two-part conversation with Bram Cohen. Bram is the inventor of the peer to peer BitTorrent protocol that changed the world in the early 2000s, disrupting the way we understand copyright, how we consume content, and leading to the destruction and rebirth of corporate media companies. Bram is now working on Chia Network, a cryptocurrency with the same properties as Bitcoin, but without the intensive energy footprint. Chia uses a new consensus algorithm called Proof Of Space and Time.

    Why you should listen:

    The BitTorrent protocol was a catalyst for the golden age of file-sharing in the early 2000s. Bram says it was never about being a crusader against copyright, he was simply interested in moving data from point A to point B. Listen to Bram's memories of being a childhood programming prodigy, his early start-up failures, and his impressions of Hal Finney and Satoshi Nakamoto during the early years of Bitcoin.

    Key takeaway:

    At its peak, BitTorrent had hundreds of millions of users and accounted for 40% of all internet traffic. At the core of this was the idea that information wants to be free - and the tension behind that idea is still at the root of what it means to be extremely online today.

    BitTorrent is the world's largest decentralized protocol. Bitcoin is the second largest. Bitcoin is a revolutionary idea but miners are too centralized and the energy footprint is growing. Bram's vision for Chia addresses these two perceived weaknesses.

    Links:

    Bram Cohen's Wikipedia page

    Chia

    Chia Green Paper

    United States of America Mathematical Olympiad

    Mojo Nation

    BitTorrent

    Copyright

    Hal Finney

    Extraordinary Popular Delusions and the Madness of Crowds

    Bitcoin IRC Channels

    Bram on Twitter

    Chia Project on Twitter

    Andy on Twitter

    Brave New Coin on Twitter

    Brave New Coin

    If you enjoyed the show please subscribe to the Crypto Conversation and give us a 5-star rating and a positive review in whatever podcast app you are using.


    Deepfakes - AI, synthetic media, and the rise of virtual influencers Feb 12, 2020
    Show notes

    In this episode of the Crypto Conversation Andy is joined by Arif Khan, CEO of Alethea AI, a decentralized Synthetic Content Network that allows users to own the rights to their AI-generated identity, secured by a blockchain. Are you ready to monetize your likeness, face and voice data in a trusted environment?

    Why you should listen:

    Deepfakes are hyper-realistic AI-generated synthetic media in which a person in an existing image or video is replaced with someone else's likeness. Deepfakes can be used to deceive, such as a manipulated video of a politician deployed in an attempt to cause political unrest. However, individuals and media companies are now using the tech in exciting and creative new ways to enable virtual influencers and new digital and social media opportunities. The result is that the lines between virtual, digital, social, and reality continue to blur.

    Key takeaway:

    Synthetic Media is an emerging creativity multiplier that enables a new kind of storytelling. Like all technology, it can be used in both positive and negative ways. China's attempt to contain the Coronavirus is likely to accelerate the trend towards remote work, VR, and virtual identities. The future is likely to be weirder and stranger than you dared hope.

    Supporting links:

    Alethea AI

    War of the Worlds Radio Broadcast 1938

    Lil Miquela

    Sapiens

    Alethea AI on Twitter

    Arif on Twitter

    Andy on Twitter

    Brave New Coin on Twitter

    Brave New Coin


    The Bitcoin Halving - price-performance, past, present, & future with Rekt Capital Feb 05, 2020
    Show notes

    In this episode of the Crypto Conversation Andy is joined by Rekt Capital, a trader and technical analyst who has been studying Bitcoin's price history to look at the effect of the previous halving events on Bitcoin's price performance. Rekt Capital says the Bitcoin Halving is an important catalyst that will propel Bitcoin into a new bull market.

    Why you should listen:

    Andy and Rekt Capital discuss the Bitcoin Halving in a macro context to address the following questions: How did each of the previous two Bitcoin Halvings affect Bitcoin's price? Are there any recurring tendencies as to how these two Halvings affected Bitcoin's price? How could Bitcoin's upcoming third Halving potentially affect Bitcoin's price? Is the Bitcoin Halving priced in?

    Key takeaway:

    The amount of Bitcoin that is created every 10 minutes gets cut in half every four years. This is why the Bitcoin Halving can be seen as a catalyst that leads to Bitcoin price appreciation. It is important to develop an understanding as well as the ability to appreciate, with a level-head, the historical significance of the Bitcoin Halving effect on Bitcoin's price. Of course, past performance doesn't guarantee future outcomes. But as Mark Twain said, two things can be said about history. "History doesn't repeat itself — but it often rhymes."

    Supporting links:

    Brave New Coin Halving Countdown

    Rekt Capital Bitcoin-Halving-Everything-You-Need-To-Know

    Rekt Capital TA Course (use discount code cryptoconversation)

    Brave New Coin Bitcoin Liquid Index

    Rekt Capital on Twitter

    Andy on Twitter

    Brave New Coin on Twitter

    Brave New Coin


    The Bitcoin Halving - the countdown begins Feb 04, 2020
    Show notes

    In this episode of the Crypto conversation I'm joined by Pierre Ansaldi and Paul Salisbury from Brave New Coin to discuss the Bitcoin halving, and the new halving countdown page on Brave New Coin. The Bitcoin halving is a key macro event for Bitcoin in 2020, and as we get closer to the halving, Bitcoiners and the rest of the world alike will be watching Bitcoin's price action.

    Why you should listen:

    With increasingly turbulent global financial markets and less than 100 days until the Bitcoin halving, while stock markets fall, the BTC price is soaring. Investors are asking when is the halving, and is it priced in? Find out more!

    Key takeaway:

    Brave New Coin's new halving countdown page is dedicated to estimating the date and time of the next Bitcoin Block Reward Halving. We have created four scenarios based on different block time metrics. Each scenario is a moving estimate and the timestamp, charts, and values shown on the page are re-calculated daily. The page provides everything you need to watch all of the data around the halving.

    Supporting links:

    Brave New Coin Halving Countdown

    Andy on Twitter

    Brave New Coin on Twitter

    Brave New Coin


    The Market Maker - Coronavirus & Bitcoin halving lead the macro news cycle Jan 30, 2020
    Show notes

    Scott Freeman, a former prosecutor with the Manhattan District Attorney's Office, is the co-founder of JST Capital, a firm specializing in providing a full suite of traditional financial services to institutions and high-net worth individuals in the digital asset market. On this episode of the Crypto Conversation, Scott and Andy discuss institutional investors, whether the Bitcoin halving is priced in, and the effect of the Coronavirus on the financial markets.

    Why you should listen:

    As we begin a new decade, many market watchers had expected turbulence and volatility, and 2020 is not playing around. The Coronavirus is driving the global news cycle and impacting all financial markets as governments scramble to contain the virus and prevent a pandemic. In the meantime, with just 100 days until the Bitcoin halving, while stock markets fall, the BTC price is soaring, is the halving priced in?

    Key takeaway:

    It's too early to know what will happen with the Coronavirus but it's already having a negative impact on the global economy. Andy and Scott discuss a note on the virus by Nassim Nicholas Taleb, a statistician and risk analyst whose work concerns problems of randomness, probability, and uncertainty. Taleb's take is that in order to contain such a virus, all resources must be diverted to containment as soon as possible, an opportunity that China missed. Taleb's view is that while there is a very high probability for humanity surviving a single such event, over time, there is eventually zero probability of surviving repeated exposures to such events.

    Supporting links:

    JST Capital

    Systemic Risk of Pandemic via Novel Pathogens

    Andy on Twitter

    Brave New Coin on Twitter

    Brave New Coin


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