Cryptocurrency

Listen to the latest financial news, audio updates, rates and market movements for Bitcoin, Ethereum, Ripple, Litecoin, Dogecoin, Binance and other crypto and digital coin virtual currencies and exchanges, aired on leading talk radio shows and premium podcasts.

The Machine-Human Interface with Alex Newman, CEO at Human Protocol

Bitcoin Radio

03:25 min | 9 hrs ago

The Machine-Human Interface with Alex Newman, CEO at Human Protocol

"We were mentioning this kind of to set a marketplace and the protocol. let's say. I think it's fair to say that's infrastructure is providing infrastructure for this and. I've seen that. You guys are also working on decentralized labor market you want to expand upon that a little bit technically h gap jesuit decentralized labor market. Right like these are all It's it's a little bit interesting. But but yeah. The human protocol can describe any interaction online between a human and a computer. We try to be very careful not to talk about future applications too much. We we talk about what we're excited about And so one of the things that i'm excited in that space a lot of people talking about labelling off machine learning either reinforcement or supervise learning. But they're just a lot of actions that human beings have to take in this ritualized form. It has to be documented online on that extended throughout our whole life. Everything from how banking records were. You know. I don't want to once again. I want to get too much in future applications. But we're pretty much everything in the there are so many times where humans are interacting with robots in this ritual listrik or specific way but capture is a very interesting one So when we first started this project it was actually pre the capture. We had organized. A all of the major work was online to solve some of the largest data. Labeling problems that the that our big customers needed and so we ended up making a poor man's capture just because existing labor online they They don't they they. They don't necessarily they're not perfectly trusted. Not all of them have the same training and so what we would do is we would send the same question out to multiple labor pools and really can sense. The answer across that net interest of consensus method is one of the key parts of the capture product. But we learned while using catches dataset. It has significantly less different. Ias's then trained users. So what does that mean so one of the examples that i bring up to people He discovered the hard way. Is what happens when you ask people whether or not something is a long sleeve shirt while it turns out what country you ask them from is going to determine whether or not that sure is short medium length or long line which i find to be incredibly fascinating and it turns out that most of these questions which we believe have surefire answers really only have probabilities and probabilities are social capture. Can give you a light onto those that you really can't get from a trained staff. In addition all the stuff around Any biases they might have due to their training or previous experiences. That all goes away. It's like asking a question across the whole world in addiction. Unlike some other capture products we really are worldwide. You know we work in china. We you know we we. We work in so many of us. Complete who play puzzles across the world

China
Cryptocurrency at Golden Gate University

Bitcoin Radio

02:23 min | 4 d ago

Cryptocurrency at Golden Gate University

"It's definitely super new to have a full course in a graduate level. Lost school class on blockchain. So tell us more about the class and you know how is it structured. What did you learn. What were the students interested in Well it was a lot of we did a good amount of reading on our own and then moved come to class and it would be pretty open dialogue where professor needs would just kind of pick it certain things in the reading or viewing a lot of it too is podcasts and just like even online articles so it was kind of informal and different from what a normal law class would be Which i enjoyed especially as the second semester. Third year ready for graduation so it was. It was a breath of fresh air to be able to like speak so openly and especially as someone with very little background in blockchain finance Just to be able to learn from by peers who did have that background or other people. That didn't have that background so I really enjoyed that Most of the class was structured around our research project which ended up being a paper where we were tasked with picking any company. subject Obviously focused in law and how blockchain may or may not be able to help or just like expanding on the connection. There is a lot of people wrote will. We all had different subjects which was also interesting. So you'd be presented to the class when we wrote out our outlines and He wrote about makeup and One guy was talking about space and how it might be used with satellites which i thought was crazy and super interesting Other subjects were real estate in taxes. i ended up going with labor rights and international human rights and labor law And on levi's because they are using blockchain to survey their factory workers and measure their wellbeing in their factories

Levi
Is This The AOL Moment?

Let's Talk Bitcoin!

02:46 min | 1 d ago

Is This The AOL Moment?

"Right in. The moment has never been a good thing. So much as in inevitable thing is this. It are we there and if this isn't it then what do we think it'll look like when it does arrive. Yes we are definitely there. I think maybe we were even there before this at the last major run up in what was two thousand. Seventeen up to twenty thousand. We saw a huge unprecedented spike in new user. Adoption point awareness of bitcoin and crypto currencies spiked as well as the guidelines. The regulatory space became more kind of fleshed out. And you know sure. There were still plenty of half baked projects some of which turned out to be scams but i think a lot of people learn about crypto was the scams included in how to protect themselves from it and people are still learning about it so i think we've already sort of reached at least the first milestone. Aol moment. but i've been on this journey for a while. And i remember a lot of moments like this. You know that were exciting for example. I don't know if anyone remembers this. But remember when bitcoin got like this first article on slash dot twenty ten or something like that and i remember hearing about it on a talk radio show back in twenty eleven or twenty twelve i think from gavin andresen going on the show. So you know. I've seen a lot of exciting moments with quite disappointing moments too. But this does feel like a special moment that we haven't yet seen so far and i think it counts as the aol moment humbug. When do we go from banking the on banked and it's all about the other six billion to simpson for investment banking billionaires. I mean you know. I'm a bit disappointed. I think that happened the same time. Block streaming integrated tether probably. I know i know listen. I'm really happy that bitcoin is getting the attention. It's getting positive negative. And i'm really happy for a lot of people who waited very patiently and are seeing agree return on investment but at the same time like applauding j. p. morgan for finally finding in the pits of the dark saw the opportunity to praise an acknowledge bitcoin. Because it might make the money really. That's what we're doing a year ago or a little bit more than that the ceo. There was saying something really negative about big code but Bitcoin do you guys remember that. Yeah bitcoin is dead says j. p. morgan before saying it reaches one hundred thirty thousand sometime in the near future. How here's the thing as much as i'm excited about the excitement that everybody's excited about. This is really the kind of fickle attention that is going to go away as fast as they came.

Gavin Andresen AOL Bitcoin Simpson Morgan
JP Thieriot - Uphold - The Importance of Transparency

Bitcoin Radio

08:11 min | 6 d ago

JP Thieriot - Uphold - The Importance of Transparency

"Twenty twenty. The following interview was broadcast in october of twenty twenty as part of our version four point. Oh conference hilarie. I welcome back to reimagine twenty twenty four. I'm rushing roj car. One of your host for conference of very excited to be joined here today by the ceo of upul jp teary I'm really excited to see what you might say about everything going on of jp to your. Thank you so much for joining us today. How're you doing in general. And how is this old virtual situation been for you and your team very global team. Well hello and thank you for having me A strange year obviously for her for all human beings for our team I i suppose Less less hard and less trained than for for for many folks. I imagine the difficulties of people who run restaurants hotels or depend on tourist seasons and that kind of stuff. You sleep by my heart. Goes out for this business. I think it's obviously benefited from From some of the The the monetary policy that is that is followed in the wake of a code and in terms of remote work We were already of a fair user of of remote remote work methodologies. We had offices in about a dozen locations that we've now back to choose. So we kept our main hub in portugal. Get their new york office But office in california and other places. We've done away with but it but it hasn't been a big big change for us in our. yeah nothing. that's interesting to hear. I think a lot of other crypto based company's infrastructure based companies Can kinda say the same where we've been living in this virtual world but now it's actually virtual what i what i wanted to ask you. Is you know what does it mean for for you and your team given that up hold is such a large infrastructure player. You know you're laying out the infrastructure for for viewers out there that don't know if you a lot of just a lot of popularity around things like like the brave driver bro. The browser and you've had similar partnerships there where you're partnering with a lot of the infrastructure that you know not just financial but really to reach the end user. So you know in this weird uncertain time where i know uphold is connected to the entire world. You deal with multiple countries. So what does it mean for. Union team that A lot of the things that you're working on and we'll get into some of the your product updates in the second but A lot of things that you're working on are kind of coming into fruition. Like we actually need them right now. So how for you and your team Well if we feel great. I again given out hard. This open for a certain businesses are our business has seemed to to to benefit right So so first off of a very very grateful that that's a that's the part of the market we we we sit in You know it's interesting. Some of the products that we have chosen to launch. I suppose because of elements of of the crisis like gold product we launched were super proud of You know i. I guess i've been aware of gold since i was a teenager but i hadn't either the The money nor the nor the i guess attention to detail to figure out how the hell actually go go by it And so figuring out a product that as that's pure gold is not pf gold that has zero custody fees that is done in partnership with The largest refiner new gold in the world And and in a place where the government is is guaranteeing that gold life. us guarantees at the dollar deposits Making that digitally accessible in whatever fraction making its bendable on debit card That's particularly useful product for somebody living in argentina. Today i was not yesterday. The peso is run to. I think it's like a hundred eighty. Um where it was you know half of that a few months ago. So so we yeah. It's a particularly useful product for people Depending where they live and And given that card is all virtual. is obviously helps in known physical e e commerce transactions which have also benefited wildly from from the stranger. While living yeah and it's exciting to speak to someone like you. Because i think you over a different ethos than a lot of people in the crypto space and the truth and in the traditional finance base and what i mean by that is i see that with a lot of recent product. Updates of y'all have launched. One thing i want to get into. Is you launch this new equities a trading product. Can you talk about the bit. I let you talk about him more. But i'm really excited to see how you're actually bringing a twenty four seven trading into a financial you're into into a financial market that is still stuck in olden times. You know how are you doing this and more importantly why did you feel. It's necessary for you and your company to enable something like this is never been sure. Well so so i sort of i guess a new functionality. We or or access really that we would've introduced was was fractional equities available in places outside the us kind of full stop. Harlem are than where other fractional shrub etc are not accessible to the folks in argentina. Brazil or your wire or wherever right so so the fact that i think this is first time access for somebody with a mobile device. Living in brazil That that's that's the that's the initially cool new thing and that sort of under the banner of democratising investment right so the us stock market you know is not it's interesting. How aloe participation. Within the united states but outside of the united states it's almost non-existent and and obviously the stars of this market are companies. That people all over the world are very very familiar with apple and amazon. It turns out after a few months watching this at tesla's the real darling of Of of these kids making their their first investment. Which which i find yeah endearing an interesting. I've tried to try to get at what that really means. And i have some theories on what it might mean I i know it It rankles the charlie munger of the world who have referred to companies like robin atas starting these kids investment career on. i believe you set heroin But

Hilarie Portugal Argentina California New York United States Harlem Brazil Tesla Amazon Apple Charlie Munger Robin Atas
What is "Unbanked"? CEO and Founder of Electroneum, Richard Ells

Bitcoin Radio

06:14 min | Last week

What is "Unbanked"? CEO and Founder of Electroneum, Richard Ells

"You often described Trillion as a microbe aiming service. But i think it's a lot of other things as well. And i know one of the things that make you you. All unique is your focus on you know helping freelance for the gig. Economy third world countries right. 'cause you're actually helping them get paid in the etienne currency. So can you talk a little bit about. Have you seen any upticks in usage related to geography free during this time. I'm sure there's obviously many people looking for work and many people even Switching industries right. They just they just kinda want to survive in the best roy. Difficult cool about same. Things changed because because all dates are being pretty wild. We only launched pools during covid pretty much. Most of the february twenty twenty where mesa madness was going on and it has been a bit of a welwyn to win all suggest before cameras coors nineteen thousand and fifty talks. Fifteen thousand tubs on the platform fall off of more than than i thought we would be. They sites in all in a life cycle. And it's it's a really amazing thing to say that word of mouth which is which is now joining the whole ecosystem is it's been an actual rate thing so identity have data specifically A change i would imagine the likes of five hundred People who've been around for a long time next release deductible on Extrapolate specifically about cogan unfortun- got it's understandable because yeah sometimes in crypto. You don't have that direct data but why do you think you've seen such large growth in just the the community and like you mentioned. There's a lot of other alternative freelancing opportunities and focusing on this one thing. Because i read a lot about how people in the in the third world like you said word of mouth. They're all kind of talking to each other and accepting this currency as their new as their new valid currency. I think for a lot of people in the us It's sometimes hard to understand that perspective because a lot of our money and foundation is stays the same in its stable but when you talk about third world countries these people in many in many ways their skilled but they can't even get a paid inefficient raids right. So what do you think makes you all unique in that sense to to cater to this new generation. Maybe talk a little bit about that. This what is the effects of this new generation. When they start them they start to earn and work at Earning crypto per se rather than traditional Like what effect is half so first of all. We re still with your idea of every running freedoms platform ourselves. I mean we all. We don't select turning. We've this idea of having a very small highlands very very transaction fee to give you. The spirits appear payment system. There is insanely cheap to use almost free not want free but mike is microscopic fraction of a fraction of essent transactions. So it made you mike. You could make a two cent four cent transaction in a gun which is all twenty cent transactional fifty cent. Transaction solid transaction sizes. You couldn't possibly do on the on. The vase of mouse to coordinate Really very efficiently because most of the payment providers should providers charge of minimum of twenty or thirty cents per transaction so micro payments all really not that sixty two to traditional finance and then we shall ending slightly more helping to the twenty thousand dollar range which still to to the global twenty of thirty dollars. Sounds like peanuts bucks. A year said life changing of money for lots of people with good skills so but when he gets back. You still got the site of transfer. Bank banking system is antiquated. And it's antiquated evening. If you go to the united states want to save money from one place in the united states to another or in the fight from the uk to to else of the that. It's pretty good now. So you know you can do soon as you move outside of that country a money approach to your skin certainly probably three days before i see it here if i wanna far outside of your it may take considerable. You want relocate writing three minute drive at all then you have to try and track them down and some banks somewheres filling in a form doing something or is lost it so we've got quite a few of them some of your choice to build a relationship and so you feel a free. Three beat render eka might three being models. He's gonna laptop can make three two months. These scandals has the time to build that relationship. You have to be able to send him a twenty dollars in the thirteen doors. And he's in nigeria. We caught them us. Pay pal okay. Any use western union money transfer. Because that's gonna cost you hope that on the money just to send it so subtly you limited as to why you can get height so the traditional if you can call traditional in a fairly disruptive industry that freelance industry is disrupt table read the wheel of disrupting that further by giving access to this massive body of people all brilliant skills just skills as anyone else so don't donate affect their own back mike. You say they're going to do aerobics jolt doing fred. And they don't want that much money and they call physically get paid when banking acog high-power but so boy this thing that training having easy implements it makes really is so easily and it's almost season for them. It isn't quite instantaneous. That go to work deliberate. It's fourteen minutes july between delivering and getting pike.

Cogan Mesa ROY Mike United States UK Nigeria Acog Fred
What You Need to Know About Bitcoin Layer 2s

Unconfirmed: Insights and Analysis From the Top Minds in Crypto

08:49 min | Last week

What You Need to Know About Bitcoin Layer 2s

"Everyone will come to. Our panel layer twos on bitcoin with melting juniors chief strategy officer at coin shares and nick carter general partner at castle island ventures. Welcome milton nick. Hi laura so exciting to be here. And i have to give thanks to nick in advance. I roped tim into sitek around like doing this. I wanna have. I'm risk can with you know. I'm very glad to be here though is a really great remix of of massive attack. Just before the saw's really enjoying that. Yes so was i. So let's start our discussion by just defining what layer one and layer to are for people who don't know just to make sure we're on the same page and also multiple layers are necessary at all. Shirk jonah kick it off nick. I can start. i can start in. Virtually every payments system there they functioned in layers so when we talk about layers and bitcoin or cryptocurrency. It's actually completely in line with how things work in the traditional payments base. So you know it's possible to send a wire as a consumer you know. We have access to fed wire. Want but you know for the most part when you use dollars you're transacting with credit systems or peer to peer payments like bone papon cetera. Those would be considered second or even third layer on top of more fundamental clearing infrastructure. Where you have backed payments which happen less frequently and their larger in size and those payments at the bottom of stack of higher assurances. So and they kind of settled immediately as opposed to higher layer payments which settle on a deferred basis so credit card payments are not final immediately so extend that analogy to Currency just sort of contextualized it a little bit. Bitcoin payments would be considered fast settling high assurance payments. So those are my mind can have utility scale transactions. You can use months. Value can have confidence. they're going to settle. Immediately layer to in. My view is more about deferring settlement getting more skill ability through training off against those settlement. Assurances are getting faster finality By trading off again against assurances so basically opening up the design space and mirroring. Those you know that that layered model that we have in payments itself and i think that's really how payments systems scale as far as we understand them it's unlikely that unite everybody on the bottom layer the that would be like all we ever used for. Transactions was sending wires to each other. So that's kind of my view of it multiple. Know if you've a different diagnosis. I think the way you articulated. Nick is a great starting point You know the analogy. We use often is the bitcoin. Blockchain is more akin to fed wire. And what we've seen you know. A lot of other protocols have moved more quickly to adopt layer twos. I think the ferryman particular is one that from the very early days had a mindset to sort of start moving towards layer two and one of the interesting observations is over the last six Six months pardon really as we've seen the explosion of defy a new financial primitives being implemented on top of the theory. Obviously it's resulted in a lot of challenges in network availability network throughput and rising price in in sending transactions across the network deploying contracts now. Obviously bitcoin doesn't function in the same way. But what. I think is important to note. Is you know. There is an important function here. Whereas bitcoin usage grows and the adoption of bitcoin grows a number of use cases that were utilizing for bitcoin grows. We're going to need different layers. That have these features. That are optimized for the specificity of the use case. And that's something that's talked about a bit more in other protocols that are newer and i've had an opportunity to learn from watching what's happened in bitcoin but i think it's been interesting to observe you know i'm in many people's minds we really don't ever think about the amount of bandwidth we're consuming or the cost of connectivity to the core protocol which were interacting and in many ways the way i think about bitcoin For the first time in human history we have a way to price computing activity. There is a very real price that you have to pay prioritize transactions in the meme pool and so in my view. It's actually like an internet interesting. Crossover pardon between some of the concepts around Computing connectivity and how rodham topologies work with money. Right you're basically punching routing policy using transaction fees and and money effectively that allow you to sort of create specificity in terms of what layer of the stack on operate without compromising the security guarantees of the coin and again is nick described. There are inevitably going to be trade-offs but we've observed so far as we look at. The proliferation of bitcoin is an asset across other chains. Whether that's in the form of rap. Bitcoin or other assets is people really do want to have the security. Guarantees of bitcoin is an asset. But they want to have the ability to adopt some of the parameters around how they're utilizing the network security guarantees of their transactions particularly lower few transactions perhaps being able to deploy smart contracts or a more complex as sort of logic that maybe isn't as easy to deploy bitcoin script. So i think that's very important the other piece. I'll just quickly add that. I think is really important since this conference is about developers developers developers. Tomorrow on cnn. Steve ballmer if you remember. His famous developers developers developers speech is electric capital puts out this great report on and it just came out. It's their state of the developer ecosystem report and one of the interesting observations. They have is there. A low more developers in other protocols than there are in bitcoin because bitcoin is notoriously hard to develop with and building a robust grasp of bitcoin. Core protocol takes much longer than perhaps some of these other protocols which was scripted in more familiar languages and have different types of logic. That's more intuitive to say like javascript developers or other developer communities that are much larger. So what. I think also been interesting to observe. We have this in the legacy financial system. The entire legacy financial system is built on. Something called coble right. Which is this archaic programming language. Like most people know coble really really well are probably over the age of sixty because they were designing corporate systems must seventies so there's actually really interesting technological risk that exists in our core financial system and our poor financial applications in that the group of people who know and really understanding our experts in kabul are gonna be retiring in the next ten years right so it's created this tremendous amount of pressure on the banking sector to replace some of these core banking systems. That were built fifty sixty years ago because there is a real risk of technological obsolescence not having enough talented people to step into those roles. And i started. See the same thing. Happening in in crypto. Right there aren't necessarily tens of thousands of the coin developers out there who can build really robust highly secure layers on top of bitcoin. And so it's been really interesting to see what's been happening in the sack seacoast system and i'm really excited about milan. Tax may not. Because i think one of the really important Designed space constraints that we have to get through is the fact that the bitcoin developer communities just inherently much smaller than other developer communities because the level of knowledge required is very specific amount of time it takes to become really proficient in bitcoin and to understand all of the nuances of y bitcoin. Core way does prior bibs the history of fly. Certain things are good. Ideas are bad. Ideas takes a long time. Like i'm seven years in. And i still know nothing neck. I don't know how you feel about that. But that's where i think. Layer twos can be helpful in improving extensive ability. Because you don't necessarily require a bunch of people to become incredibly proficient. Bitcoin core through layer. Tuesday can now introduce other programming. Language that really broaden the developer ecosystem and allow people from other ecosystems to be able to build on top of bitcoin without necessarily needing to go through that learning curve on that you otherwise would but again. It's just interesting to me that that's also married and legacy finance for like bank search shitting themselves because all their best. Cobo people are leaving and they don't have anyone to replace on so sort of an interesting parallel at least for me. I think it's it's

Coin Shares Castle Island Ventures Milton Nick Shirk Jonah Papon Cetera Nick Nick Carter Bitcoin Laura Electric Capital TIM Coble Rodham Steve Ballmer CNN Kabul Milan Cobo
Bitcoin Will One Day Hit $1 Million

CNBC's Fast Money

02:46 min | 2 weeks ago

Bitcoin Will One Day Hit $1 Million

"Bitcoin blowing through new records today. The crypto currency gaining thirty three percent. This week alone in case you missed it. Wargin creeks anthony. Poblano join us last night here on fast. Listen to what he said about. Bitcoin is headed. If you really think about the technology world we talk about ten x improvement props. Bitcoin is at least ten x better than gold in every way. And so i think that if you just think of a bitcoin product that has to expedite and mortgage cap kind of follows that that would put bitcoin at a million dollars. Coin right just two golds market cap in case you thought you heard wrong. That's a million dollars. A coin became. We're specifically talking about j. p. morgan's known on on Bitcoin from earlier in the week and they were making the point that there have been outflows from gold inflows. Bitcoin as bitcoin has ramped and so the notion is that bitcoin would be a replacement. Are you on board that because that seems to be the main driver these days For the bullish thesis on bitcoin. Yeah i think listen. It's digital goal that narrative has taken off this year among the institutional community and just to put a couple of numbers around that so we have gold. Roughly it's market. It's total value is about ten trillion bitcoins out about seven hundred billion eight hundred billion right now. That jp morgan not talked about if all of the money came out of gold into bitcoin. That would be somewhere around two point seven trillion dollars. So that's probably almost. What a quadruple from the price. From where we all right now maybe a little bit more a quadruple puts you at j. p. morgan's price at one hundred and forty six thousand. So it's not necessarily a reasonable. My only concern is when you you know. And i think pop made a great point. My concern is when you have these these these big upside targets then. People say hey. I'm gonna just going load into it here and i just. I've been doing it for years. But i remind people. Bitcoin has months where it's down thirty forty percent so you could buy a forty thousand today and watch it go to twenty thousand and that would not be unusual and we should make the point to that. Anthony made clear that you could see wild swings on the way to a million dollars a point up twenty percent or down twenty percent or thirty percent for that matter. Cape fat kate. I imagine that your clients are inquiring. I mean this has got to be on everybody's mind so how. How do you approach that honestly. Melissa bitcoin is not my joint jealous of the people who are in. It made a lot of money. I don't get. It doesn't make a lot of sense to me and why bitcoin if you say cryptocurrency generally cage supply-and-demand. If bitcoin is doing that well it will attract other crypto currencies. So i'm gonna sit on the sidelines on this one.

Bitcoin Wargin Creeks Anthony Morgan Jp Morgan Cape Fat Kate Melissa Bitcoin Anthony
Zcoin: Looking After The Community With Reuben Yap

Bitcoin Radio

04:24 min | 2 weeks ago

Zcoin: Looking After The Community With Reuben Yap

"Let's start off with you. Know for viewers. What exactly is a z coin. There's a lot of privacy. Focused crypto currencies out there. Different types of token people are sometimes confused between the differences. So you know how long has z coin been out and what exactly is some of the benefits you can do it. Right so Zeke hainan Main in two thousand sixteen. I think probably in the work of oil probably sought bali one and a half years before that. can be launching the twentieth of september. Two thousand sixteen so we can just post office having Just like i mean upper months ago. So that's really exciting and what we do in z. Coin that we really really belief in the importance of a ripple that is uncensored book and private because we feel that if you want to have an ought to ought to the financial system in asked to be both Private and or it to be uncensored in unseasonable privacy's also asked important As well especially with bitcoin now you know every single from sexton is is kind of recalled. The payments lee on the blockchain barry single movement of a coin is traceable promise in inception and i think you know what we do to provide privacy's we allow people to actually destroy the coins and at any time in the future to regain them for brand new ones with no previous transcendent history. It's almost wiping all the transaction history and getting fresh virgin coins and that's the crux of technology. And we've used this being the all. This technology is kind of homegrown is not a faulk of something else and we do have independent research and we probably can talk a bit more about that later. Yeah yeah that's really really interesting to hear. I think that's one of the things that that is unique. You know i've i've read a lot about even for the employees in internal stakeholders developers. Will you all offer a burning redeem different privacy models at y'all have switched recently and You know one thing that maybe you could talk about. Is i heard that you all kind of bitch. The founders reward and you increase development for funding post having or at least. That's what your plans are. So why did you take this approach. As opposed to other protocols out there that still do keep that founder reward into the protocol. It seems that you all are working hard to support the community. Keep them happy. I think he's a balanced right. I mean on the one hand you know people unfortunately see founder words and stuff like that. It's a formal and reaching and reaching the faltas or the initial investors. And they don't see as like a peel community project by the same time. I mean realistically except for very few handful of of really really projecting even those suffering for funding You expect of like development improvements on almost like a donation basis is also very difficult. I mean you know you take a look at a bitcoin. Right it's funded by you. Know a lot of funds but it d- may be pursuing their own interests. Even someone like lou dash junior. He couldn't get funding. He's been like a call developer for so long and he he's like i need the final edition of what because the on enough. I mean bitcoin is like the biggest cryptocurrency and dean of having problems. Funding green itself has a green another privacy. Coined the ailsa struggling You know they have the handful of programmers and very reliant on on donations that may or may not continue coming along. And that's a really bad way to attract allen who want job stability and things like that right. I mean that's something to be expected of. You wanna try thailand. You have to be able to pay them

Zeke Hainan Main Sexton Bali Lou Dash Bitcoin Allen Thailand
The Big Stories in Crypto in 2020

Unconfirmed: Insights and Analysis From the Top Minds in Crypto

02:22 min | 2 weeks ago

The Big Stories in Crypto in 2020

"Into that. Let's just look back at the similarly. I think actually really significant year. In crypto for twenty twenty like. What would you say. Were the big story that year. I mean if you look at the data you have a number of big Stories for twenty twenty right. The growth of the stable point market seeing a supply above five billion trading volumes. Routine all time high monthly high in the month of december. We put out a lot of Figures around trading and will coins in the past few weeks and so you just saw the growth of the market and the build out of a more robust market structure. So i think that's kind of like the high level overview of twenty twenty and i think that's why investors right now are getting so excited about what twenty twenty one holds because you have this this growth story from the year prior so i think people are really excited. And you're right it's going to. It's going to be interesting to continue to watch. That's for sure. Aside from price just the for the development of the market. Yeah yeah my two big takeaways. I think we'll see. I think partially because of the pandemic bitcoin. I think just like the big story last year. You know. I mean You know we just saw. I feel like kind of a new type of person who was acknowledging what its merits were and getting in and then of course you know the big news. Things like pay pal micro strategy and square and mass mutual pudding. Bitcoin on their balance sheets. I you know. I don't know if those things would have happened even without the pandemic but given what the state of the world was definitely feel like all those forces came together to create the perfect conditions. Yeah i wild though. It took a little bit of a while you know i remember. At the beginning of the pandemic in march when everything was falling crypto and beyond folks were kind of thinking that maybe crypto bitcoin specifically wasn't living up to that's safe haven characteristic that so many folks have attributed to it and so you know i think once we had the poulter jones note news. Come out you kind of saw those dominos fall with more investors more hedge funds and then actual publicly traded companies in in some cases announcing that they'd be allocating to the space. And so it's it's been interesting to

New All Time Highs For Bitcoin

The Trader Cobb Crypto Podcast

02:45 min | 2 weeks ago

New All Time Highs For Bitcoin

"Killing rotten now. Thirty six thousand four hundred one dollars on bitcoin as it stands pushing on to new all time highs six point seven two percent up on the diane starting to come back into that cradles. We saw in two thousand seventeen as we we we do. See these quick snapback pullbacks that the do occur on the markets. And we say that carrying at the mind you know. He's so two days ago that quick snap back It was a twenty percent that twenty seven seven one or twenty seven seven hundred where it pulled back to now. Of course we've moved of a nine thousand dollars since then a that is a sort of place where if you look into bond will bitcoin so bad idea to set some limits whilst also the lacoste in on the way ed just depends on what you're trying to shave now that's via long-term holdings for may of course i'm trying so i'm looking to delacoste averages. Well but on doing that based off the back of profits from the trades. I'm taking now familiar. I haven't had any trends this year. And it's not. Because i haven't been there is because i've been committed to himself and my family. It's going to be a big year. They're always big years but I just wanted to make sure. I had a break. And it's as as i'm still doing bits and pieces at the nine minutes not a clean break. It's nice don't have to be sitting around all day staring at computer computers now with today being a bit of a rainy day a may just because Yeah it's been a while on definitely getting the each. The members in my community have been blowing out doing extraordinarily well sue. Start of theory of now. One thousand one hundred and ninety two dollars up another eight percent today looking very very strong wants to clear out through the highs that were the moment and we get through those levels. And you know what i'm saying at that point is better simplicity and better tried ability not sort of nafta on alexa. It's up ten point nine percent. Beyonce honest pretty dead. It's come very very heavily. It is moving quite frequently out the down than up and down and almost interested. It's up ten point. Six twenty five cents flat. Bitcoin cash has continues to push on came back to test. That three seven hundred level spoke of as resistance tested on the noise pretty much and since then it has run a good seventy bucks. Four hundred fifty dollars so for and fifty one dollars up seven and a half percent just waiting for pull bucks on his low friends law Delap has slowed a little bit but a very very solid trend in dade hundred sixty seven dollars ninety cents five point four percent a off another booming day or the biggest booming dash. We've really had of light. Eighteen point five percent on very keen on now just started kick its engines into into gear on. It's moving very very well. Field and forty four cents eighteen point two seven the senate jose right now across the top ten that he's not the top before.

Nafta Delap Beyonce Dade Senate
BitPay: Spreading the Adoption of Crypto with Merrick Theobald

Bitcoin Radio

01:02 min | 2 weeks ago

BitPay: Spreading the Adoption of Crypto with Merrick Theobald

"You work at big pay and you know from what i understand but pay a spread. The adoption of crypto. What what what is going on here. How what is pay helping out advocate absolutely So historically first of all are about to celebrate our ten year anniversary next summer so we have been in the crypto business almost nc inception our founders founded back in That would be twenty eleven summer of twenty eleven so Historically we have been involved helping companies Specifically merchants with the acceptance of crypto. But this is the first time that we are going to. Also allow companies are help. Companies with paying out crypto. It could be to employ. It could be two. Publishers like in dance tastes affiliates Any demographic that you wanna send or pay out crypto too. So we're not only. Are we helping. Companies with the acceptance of crypto. Now but we are also helping companies paying out encrypted which seems to be a great method

Eric Wall: Arcane Assets, The Future of Digital Investments

Epicenter

04:35 min | 2 weeks ago

Eric Wall: Arcane Assets, The Future of Digital Investments

"Young now the ceo cio at an event named arcane acids. So that's obviously get change coming from the from the permission blockchain space. So i know that for regulatory reasons. You can't tell us everything about this fund but can you tell us a bit. Yes sure. And i suppose it sounds like eh a gear change but from my perspective. It was a something that i have been doing from the moment that i got started. In the cryptocurrency industry was like i was standing on a personal level where i was managing my own cryptocurrency portfolio and. I was doing that starting with bitcoin from two thousand twelve and kept doing doing that in two thousand fourteen. Two thousand fifteen and two thousand seventeen when sort of the mainstream got attracted to the cryptocurrency industry. And they start to talk about okay. We want exposure to cryptocurrencies. But i've heard that the bitcoin is not the scalable or that it's consuming as much electricity s the small country shouldn't have some of these other cryptocurrency assets and then i found myself in the position of advising them and trying to correct the misconceptions that they had and if they wanted some old con exposure. You know. I can facilitate bats. But i want to make sure that we subtract nine thousand nine hundred ninety nine percent of everything. That's just pure bullshit out there. And even i think sometimes as it would even be better decision to have short positions on on some of those all coins that is that can be profitable strategy if you want to maximize your bitcoin holding. So i i. I had all these requests and i started actually in two thousand seventeen as a side project while still working at over to launch a fund together with two other financial professionals in sweden so when the nasdaq acquisition and i quit nasdaq then. I sat down. And i wrote a list of all the different opportunities that i could join and participate in the cryptocurrency market and running managing a fund was on that list and then i just eliminated all the different options on that list until i was only left with one or two and then i chose to go down this route because this genuinely if i could imagine one dream job one thing that i can imagine myself waking up and completely being love with what i do then managing cryptocurrency fund is the thing that gets me closest to the things that i'm passionate about and for those who know me and follow me on twitter at one of the main things that i am passionate about debunking coins reading white papers finding flaws so by running a fund. I can put that interest of mine too fulltime. Use so that i can just detect. What are the things that we should avoid. In the crypto currency fund should be avoiding and there was a norwegian company that had recently launched its called arcane. It's about to become a publicly listed company it's it will be the second the The second company in the nordics is this publicly listed cryptocurrency company and they were very happy to embrace my ambitions at the firm and facilitate so that basically all i have to do is decide on portfolio construction and all the other aspects when it comes to building up the partnerships with the custodians changes and the complying with regulation all that would be taken care of by arcane and i will only managed to fund. So that's sort of the ideal relationship between me and the cane company and we started to find in in april and i have been managing it since so far. I'm very very happy with with that job. And what it's been like especially in this type of environment which we have been which has been extremely exciting and interesting but sadly i cannot talk about what the strategy of the fund ace and other metrics about the phone because we'd have to abide by may two regulations and they are extremely extremely harsh when it comes to talking and marketing cryptocurrency retail investor. So i cannot say that much more about that unfortunately.

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Stocks Surge in Crazy Year for Financial Markets

Wall Street Breakfast

01:20 min | 3 weeks ago

Stocks Surge in Crazy Year for Financial Markets

"I think an interesting stat that i saw was that ninety percent of the s. and p. five hundred constituents are above their two hundred day moving average. It hasn't been that high since two thousand fourteen And as you may not remember in two thousand fourteen there were numerous drawdowns of five percent or more. So there's opportunity out there. I i just wonder. Nah i think it's a good question new pose. Steve is what's keeping us afloat and not only just afloat but at the at the surge right at the high is that we are we are in. I think what what comes to mind. Is you know. Maybe some of mr curious what we're looking to to for for for twenty twenty. We do have a notable election in front of us next week that is a huge catalyst that that some people might wanna keep an eye on in the georgia election and cove obviously is still bubbling up. I think new york. Texas and florida just this week hit new highs and all their cases from the pandemic and but interestingly it's going to have to impact the economies in some way i think for the market to really shed those gains cuomo at least this week said that he had not looking to shut the economy as he did To the degree that he did earlier this year. So maybe that's providing some boost of optimism there

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The Traders Journey: Be Kind

The Trader Cobb Crypto Podcast

05:43 min | 3 weeks ago

The Traders Journey: Be Kind

"Do not. The episode of the trade is journey and this was a little bit left. Fields is not quite as practical. Say record caving keeping emotions in check in that sort of thing. Today is all about a different subject. It's going to be equally powerful and important too but not as a checklist autumn. For that way. And it's it's about you and how you carry yourself sates congress but on is this you are going to have a couple of people in your business as a traitor. There's not many. Let's be honest usually as you yourself. Your internal thoughts and the shots in an office in johann wherever it may be before enough to be traveling at the time You've got opportunity to traffic pretty much anywhere as long as you have. An internet connection so Exercising communists. it's it's a. it's a win win. Now let me give you a direct reactions to white can be beneficial. One of the people in your team will be. You'll broker okay now. If you tried with the crypto broker chances on you're you're never gonna speak to anybody because the customer says terrible tight that had a dealing desk such you can't call up and have any form of customer service yet because they are just online behemoths and they basically just shown us but if you're traveling with traditional platforms offer crypto and there are plenty at the most of them most of them. These days are in bitcoin. The theorem so if you are in those areas you can actually call up and speak to somebody now. If you are with. The other crypto taught bravados. You still got enough support. You've got chat function this sort of thing. The bottom line is this. I can tell you right now. Many occasions this happened to me. Now you might. You might have something that you questioning. Maybe you entered into a try that you shouldn't have been entered into in your view. Maybe there was something happened. Like you got stopped out of a try. When you feel that you should have been maybe you're looking at the underlying mocking you trading. Something like a Safety or spread betting in the uk. And you shouldn't have been filled in that. There's no reason to price didn't actually get what i'm getting at is not. There was something that you want question. And if you ought to get your way you will have. It'd be entered into biking that trade or you'll have not made a loss or your model made a prophet bottom line is if you attack people. They're less likely to want to help. Pick it's pretty simple another exam. Look this across every area of life to be absolutely honest with you. Think about your internet provider. How annoying is it when you're internet goes out when it drops and it doesn't work it's patchy and you call up your internet provider. You speak to someone who then might not have english as a first language in many cases and for some reason a lot of people really angry and they get this condescending attitude towards the customer service representative now. Don't forget this customer service representative. Is there to help you. Despite that fact we feel like they are the enemy. It's their fault. They just copy of the brand now. It's not going to help. It was if your objective is to get somebody out to your house physically to to check your internet connection or have a free month on your internet connection. It's unlikely that you'll being rude to somebody that you're going to get your way now. It's a fairly blanket statement to suggest that being kind to everybody is something that is going to benefit you longtime but it really is We've got a philosophy here to kill people with kindness We have a guaranteeing place. We have a money back guarantee in place and we generally avoid any type of conflict. Now some people are gonna use it against us and that's fine because you know what goes around comes around. It's not gonna help them. It doesn't worry us because in our in our vision to this business and what we're doing and clients is to help you and to continue to be kind to. How does that work in this example. Well you think that we'd right you didn't you didn't get what you wanted applied for. Whatever might be and you decide you want your money back. Let's say as an example we give it back to you because it's within that ten day period fine no questions asked money back guarantee we offer you. Go good feelings about us now. When you're ready you come back and you work with us. You'll tell people ballots. It's an example of how things work coming back to the trading side of things. You wanna get put into a try you you being walking through it step by step. This customer service representative you knockin regular day. You're going to keep them happy. And digging to work for you on an outcome they become. You'll buddy buddy they listen jessica reading. You know this. I understand. Craig i get it. Let me just speak with my supervisor. Will try and get this resolved as soon as possible. And you know then if you've got them in the right place and you're being kind to them you do position yourself in the way that you can go okay. Well if if there's even any possibility of me getting the outcome that off to hear that. I'm going to get it because you have that person on side now in trading we don't have many people in our teams like i said we just don't have many people in our team's your broker is one of those people be kind to them. Have an a good dialogue with them. Work with them. And you'll get better outcomes for yourself and it doesn't mean that we look at this in a selfish way and so you know what being caught to people. That's a selfish thing. Well if that's the only way that you can become the paypal then galahad knock yourself out my selfish m. f. on the plot because it's going to help you it's going to serve you and it's going to help you going for the same thing can be said if you're at different events or in different chat groups. That's a big thing crypto traders. We're in groups right. See somebody who doesn't agree with you attack them if you see somebody who's making a mistake. Don't call map for being stupid if somebody needs. Help explain to them in a non condescending way how they can go about improving.

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Is Tether a Fraud? Its Bank Says It's Not

Unconfirmed: Insights and Analysis From the Top Minds in Crypto

03:50 min | 3 d ago

Is Tether a Fraud? Its Bank Says It's Not

"Last weekend. A medium post by a pseudonymously former bitcoin investor going. By the name crypto anonymous made the rounds on crypto twitter and elsewhere it was titled the bit short inside cryptos doomsday machine and alleged that the stable coin tether which is supposed to be bagged one to one. Us dollars is a quote highly probable. Fraud there are a lot of different. Strands that crypto anonymous wove together to present his or her hypothesis. But the one. That was people's zoomed in on concerned whether or not tether is fully backed so tether is run by tether limited and limited bank is deltec which is out where you work and that's a bank based in the bahamas and the part of the peace that people are concerned with was a section where curcio anonymous showed some tables of the foreign liabilities of domestic banks. And here she wrote quote from january twenty twenty two september twenty twenty the amount of all foreign currencies had by all the domestic banks in the bahamas increased only by six hundred million dollars going from four point seven billion to five point three billion and so the bahamian dollar is pegged to the us dollar one to one so it's the same in us dollars. Then he or she wrote but during the same period. Total issued tethers increased by almost five point four billion going from four point six billion to ten billion so great. Can you explain why this discrepancy exists. Well i've seen that article. Actually i find it very interesting that there's someone that apparently have time. Perfectly buying and selling crypto actually is often the case those article of so-called experts. They usually have time to market like geniuses and then started claim scenes that are kind of unpacked especially in that case they went to that. I think it's the digest central bank of the bahamas and it became overnight a banker expert which i loved because we always look to recruit but in that case they didn't deal it further about how that works first of all. They should have known that the bahamas is what they call them. Offshore jurisdictions so what it means offered ratings soon as you have domestic bank and international banks into domestic banged there is to type of licensed linked to it. You have what they call the authorized dealer license and you'll try agent license deltec dual own authorize agent license which is a license that allowed him to custody. Bahamian don't have what we call an authorized dealer license so when it comes to cash on deposit we cannot old any in dollars cash deposit and at the same time because we cannot all those dollars. Behave in dollars. We cannot serve local customer so what we have is we have along that authorization license. We have an international bank license. Or i think it's called restricted license as well so in fact for that report and i'm sorry for that person because i guess he thought he was onto something. We are not a domestic bank for a reported deposit and actually if he went and the little effort to go indego bit about the size of the bahamian market of thinking would have found out that the entire massive banks have around two hundred billion dollars in assets. I believe and we are part of that. So we are not a domestic bank aside of authorized agent license but that is irrelevant business for us and maybe be much must be reported. We are an international bank and that is part of the international aspect. That's why i did answer it to some people asking but you are domestic within no because we cannot take domestic customer and we cannot hold domestic him daughters so that report is actually a nut relevant and nothing to be in there

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What You Need to Know About Bitcoin Layer 2s - Ep.160

Unconfirmed: Insights and Analysis From the Top Minds in Crypto

04:01 min | Last week

What You Need to Know About Bitcoin Layer 2s - Ep.160

"Layer twos on bitcoin with melting juniors chief strategy officer at coin shares and nick carter general partner at castle island ventures. Welcome milton nick. Hi laura so exciting to be here. And i have to give thanks to nick in advance. I roped tim into sitek around like doing this. I wanna have. I'm risk can with you know. I'm very glad to be here though is a really great remix of of massive attack. Just before the saw's really enjoying that. Yes so was i. So let's start our discussion by just defining what layer one and layer to are for people who don't know just to make sure we're on the same page and also multiple layers are necessary at all. Shirk jonah kick it off nick. I can start. i can start in. Virtually every payments system there they functioned in layers so when we talk about layers and bitcoin or cryptocurrency. It's actually completely in line with how things work in the traditional payments base. So you know it's possible to send a wire as a consumer you know. We have access to fed wire. Want but you know for the most part when you use dollars you're transacting with credit systems or peer to peer payments like bone papon cetera. Those would be considered second or even third layer on top of more fundamental clearing infrastructure. Where you have backed payments which happen less frequently and their larger in size and those payments at the bottom of stack of higher assurances. So and they kind of settled immediately as opposed to higher layer payments which settle on a deferred basis so credit card payments are not final immediately so extend that analogy to Currency just sort of contextualized it a little bit. Bitcoin payments would be considered fast settling high assurance payments. So those are my mind can have utility scale transactions. You can use months. Value can have confidence. they're going to settle. Immediately layer to in. My view is more about deferring settlement getting more skill ability through training off against those settlement. Assurances are getting faster finality By trading off again against assurances so basically opening up the design space and mirroring. Those you know that that layered model that we have in payments itself and i think that's really how payments systems scale as far as we understand them it's unlikely that unite everybody on the bottom layer the that would be like all we ever used for. Transactions was sending wires to each other. So that's kind of my view of it multiple. Know if you've a different diagnosis. I think the way you articulated. Nick is a great starting point You know the analogy. We use often is the bitcoin. Blockchain is more akin to fed wire. And what we've seen you know. A lot of other protocols have moved more quickly to adopt layer twos. I think the ferryman particular is one that from the very early days had a mindset to sort of start moving towards layer two and one of the interesting observations is over the last six Six months pardon really as we've seen the explosion of defy a new financial primitives being implemented on top of the theory. Obviously it's resulted in a lot of challenges in network availability network throughput and rising price in in sending transactions across the network deploying contracts now. Obviously bitcoin doesn't function in the same way. But what. I think is important to note. Is you know. There is an important function here. Whereas bitcoin usage grows and the adoption of bitcoin grows a number of use cases that were utilizing for bitcoin grows. We're going to need different layers. That have these features. That are optimized for the specificity of the use case.

Melting Juniors Coin Shares Castle Island Ventures Milton Nick Shirk Jonah Papon Cetera Nick Nick Carter Laura Bitcoin TIM
The Start Of Bitcoins Next Run?

The Trader Cobb Crypto Podcast

06:03 min | 7 hrs ago

The Start Of Bitcoins Next Run?

"The show is proudly sponsored by tried to call dot com. And i'm going to bring you a testimony today from a course member from two thousand eighteen high craig. Congratulations and achieving your goal. I've also achieved my goal. Basically use the method you taught at your workshop found v. w. m. i. Set up to be thirty at thirty to be a very good friend to me. Thanks to you for my family. I now have total financial freedom. Chase my this could be you as well take the plunge get started a visit. Try to called dot com. Now get everybody. Welcome to the traffic. Crip die podcast now before going further for those of you who are currently trying you not using the best platform that's out there. Which in my opinion of my experience is if txz Show you go across to my youtube channel of just put out a video. It's all about my watch list on the contracts today and you can get a ten percent discount off your face just by the youtube. And you'll said that the description as well as how to use too long to short and to manage risk get across the now and get yourself ten percent in perpetuity us rhythm and i decided you money and it does save you money. We do pick up some Affiliate on the other side so also helps to keep things going doors are open anyway. It's been a good Good little period right now. The big dog. Bitcoin has its breaking up by bays wang. Just broken up through to a high a high very very very slot. So it's nothing to be sort of jumping up and down about the three day if you have a candle in the cradles The high of i'm hoping that candle end up looking at the moment we're up three point five percent thirty three thousand four hundred thirty two looking pretty snazzy in dade nitrites may just yet on the big dog sitting back and white and see what comes of that a theory of course Yesterday i had died twelve point nine. One percent cracking at all time highs It's pulled back a little bit and that's a good thing. I'll tell you what's a good thing because at fourteen hundred nineteen dollars at one point seven three percent what unlocking the is to our shot and the one hour shot Really good simplicity. I'm dead set. came On picking up a tried in their love modum loved the trade the federal contracts. And i've seen and i'm going to be if i can get that setup on alexa play at one point. Six percent still very saw wise. I mean there is a slot up four out. But it's not you know it's still a still sleeping giant twenty seven cents up one point six bitcoin cash four hundred fifty one dollars and seventy five cents up two point. Three percentage comes around the bend. No uptrend emotion defamation on the two of the four hour yeah. It's an option. But i want to say stretched legs out a bit further. Her the looking a lot goes up to seven percent at one. Forty five. Thirty three cents. Not really the szekely after congressman straight up in the eighties had a good pop. I mean yesterday. It wasn't a big move. It's been growing A little move higher. So i'm just waiting to say how that eventually nothing really to exciting. Nor is it on a asta. Toodle seventy three point seven percent continues to be very saad wasted on eventful. Bitcoin cash signed thing sorry. Bitcoin s fate of a percent at one seventy six and twenty seven cents but again still very lost and not do much right. Not doing much at all on it. it's up one point. Six five percent forty and fifty four cents on whiting because right now yes we do have an uptrend on the four hour and we do have an uptrend on the two hour but i wanna say close in a wanna say this. Wanna save a bit further. Let's go to forty four thereabouts. And then let's go to pull back from there for opportunities looking at the four hour still waiting on that katana A little bit sticky of its sideways. Thirty five a night so thirty. Four point nine cents at one point. Three percent syllabi cranny and And link just pushed on a guy in twenty five dollars twenty five at one point five percent but again the would needs to basically like quality another. That's that's how i trade and that like my daughter to convert back to btc in. Hey cigars look at some a video on youtube get it. There's ten percent off your face checks. Go get that and if you haven't you haven't gotten yourself on the the become a try to close. That's the free course on. My website tried to club dot com. That i'll suggest that you because tomorrow is a day that we currently strategy it is a pretty interesting guy. It certainly you know. There's a lot of thoughts and talk around this date now for me. I'm gonna to leave it at that. Because i don't wanna get political but what we are doing is we were acknowledging the And we are making it very inclusive and we're also gonna be giving people that are on that become a trial that haven't done become a mazda paternity to do exactly that so if you haven't already go onto the website get that free. Course co become a traitor. It's absolutely free and it's about four hours content there so you know what i do. More and And then tomorrow you rubber rubber remember you receive an email which will bring it full to you to get on board so stop hanging around because the next run well it looks up may have actually just begun today will tell but i am poised by. I am poised have cracking die. Bayside bay well manage risk by for now. This show is proudly sponsored by. Try to call dot com. And i'm going to bring you testimonial to die from a course member from two thousand and nineteen high crag congratulations and achieving your goal. I've also achieved mago. I bicycle use the method you taught at. Your workshop both found the v. w. m. set up to be thirty cents at thirty to be very good friend to me. Thanks to you from my family.

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If You Want To Be In Crypto You Need Perspective

The Trader Cobb Crypto Podcast

06:00 min | 3 d ago

If You Want To Be In Crypto You Need Perspective

"That's the word of the day perspective because a lot of people out there right now grabbing a heads will if the bold like made the governor heads because we got to grab and the going shit out. The sky is falling those sorts of wonderfully delightful panic attack and nine eight four guys. There's no need for a couple of things that i wanna just touch on on. That topic is first things first. I did a A live tonight when for about twenty five minutes on that topic. I do suggest you go and watch on youtube. Tried to call while you they lock subscribe. Do lots of stuff and call. It should be three happy to have a little But also twitter and facebook. Just go get stuck and have a look at it It's not just a video and perspective of the market. But it's also showing you how i break down to look for my show. What warm after full may to be to be shorting. What sort of market structure. I'm looking at The sort of timeframe working. While i'm working those timeframes and all this sort of stuff so there's a whole bunch of stuff in there and it's absolutely gonna cost. You nodding not adding nothing. Yep that's right. So if i stuck rod into that and gobbled up. I want to gobble dot up if you wanna lonesome the terminology. Go to try to call dot com. Because it's a bloody free course you've beauty all right. So that's what you will do on the catholic Three let it out. Let it out all right. Let's talk about bitcoin. Bitcoin to thirty one thousand thirty six point six percent. Now he's team. I'm not gonna go into too much librarian on Respectable just talk. Throw it because of the cy. You want to go and watch that video. Because that's where. I sort of break it down in a in a much better way. Yup good english um victims. Being a daily dan trampled so pushed into a data downtrend on the move yesterday. The twelve hour makes it much more parent actually pushed into that. Yesterday's well actually clear low highs and lows now. The thing is this touching a quickly. We've seen a three hundred and thirty percent. Moved from our last weekly pullback back that weekly pullback was that cradle in and around ten thousand recall are kept on the app about that and i did extraordinarily well. So i'm happy about it and we haven't had a pullback since we when we do get a bull market and you look two thousand seventeen if you have the desire to do. So you'll say the taino twenty to forty percent pullbacks between twenty and forty so some thirty the typically. they're good thing. You know the pullback that we saw back in september we've seen three hundred and thirty percent. Move so pullback should be met with applause not frowning faces because a pullback maine's against to breathe in and what i say in the video as do we brazen debris the debris that and the answer. Is you do both. Which one's more important will need to do. Both to survive a marcus. they do. the sign market conscious. Go up forever. And as much as these markets that we've been trading crypto especially running up from september. much just gone straight up especially from the weekly perspective it also needs to breathe in it may select some. They should let itself had them to just just come back a bit. Because you've got to relieve the buying and when the buying doesn't get related just goes nuts look at the back end the two thousand seventeen. What that means is that everybody's buying buying buying buying buying buying buying. It doesn't show signs of a continuation. What it does show is shows signs of. It's getting really bubbly. And i don't think we're in that bubbly place right now. And that's why i pull for me is something that is met with pause with happiness with joy because trading opportunities come from there and the next big push high that we'd get aids to hana pullback and guess what well could be now could be now a heartful as if the kennel where it is would probably find ourselves local monday. The weekly kennel probably find ourselves with a ten period. Moving average touching the Very close to anyway the weekly can. We're not too far off the cradles on right now. So i'm i'm pretty confident we're going to see some good stuff in the not too distant future when it comes to bitcoin and dumb. I'm actually looking at injecting further capitalizing. So that's how confident that i am. Put money mouth is. And i'm a bulls date lava. So yeah we're up one percent now. Bitcoin one thirty one thousand one hundred eighty one a theory in one thousand one hundred seventy four. That's up six percent today on a strong recovery. Right now look be honest with you. It's still on an uptrend. It's not a great up china's divergent on the daily the daily still in an uptrend. Nothing to be concerned about wrought down. Try to just yet. But it's an uptrend x. Pay is of a percent twenty seven cents to less about that the better it man s bitcoin cash point four four hundred nineteen dollars and seventy five cents. It's not representing to me This occlusive knol the one thousand bad Do not mind one. Al adult mind that at all. But i don daily much lot one. Thirty six and six cents up full point Ascent on day yesterday it was down. The attained percentage bouncing back a bit messy right now out to be fakes. Not looking rule. missy leaving Now is up six six of percent. One of the mets they messy is shot out that followed by they. The toodle fifty five basically is flooding the day. It's at one hundred. Seventy eight dollars and thirty cents again very ugly looking chart on the daily but i'm having shorter pulling back up into the criminals on on that one now can get a short.

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How Long Will You Wait?

The Trader Cobb Crypto Podcast

04:04 min | 4 d ago

How Long Will You Wait?

"Cat. Let's talk about the market. Because i'm you know this is a little time with. I guess we don't really that used to at the moment we've had some much splendid movement higher over the lost way while the worst we are. I guess crab walking you know it just sort of meandering along like a crab yet. Krebs will sideways. Bitcoin is down to a full percent. Today it's not really worrying me at all. You know we still hanging in there not far. From all-time highs is the first push higher. Certainly would be surprised at all. Said david pullback you look at the weekly shot and there's still room for the thing is the longer that we continue to just sort of crab consolidate about so. I'd wise when it comes to the weekly jot. What's going to happen is when the next week closes. Those moving. Averages are going to have another candle to average themselves. Ants on and they're gonna get closer and closer and closer if we continue to go saw buys Which brings you know. It doesn't necessarily mean prostates a full for us to start to move a game in the up direction. So you know this. This saw his period of time. It's a good time you try and against your also chiding against bitcoin. There are still some really nice trends out that We'll start to see all. I believe a few more of these. The transit just starting a phone when you tried any guidance. Bitcoin big courses dominant. Spain caught south for quite some time and just sort of strip the market. Rotten our in that period You know where we get. We basically get the opportunity for rum. These alz to start the trend against bitcoin again which gives us upwards again which he does up at trinity and that sort of what i'm saying at the moment with a focus is that's what my focus is wrought. I'm bitcoins dominance. Now's a sixty five point two percent and now let's just talk about how significant that is because if we discuss the month of december Old awakes are the twenty eight december. The end of the end of the basically that talked out of the shot topped out at seventy three point. Six three per cent now with bitcoin coming full quite significantly advice full and in the lost one two three weeks eleven percent now that is because bitcoin clinicals has pulled back pain so to sitting around and watch for the wall as well and some of these markets have been moving quite. Well now. don't forget that. The market and dominance the majority of what you're going to see is going to be reflected through things like a theory and katana link now all three of these have had good moves of signed period because they are the major market cap all the old market so to speak that was bringing. Bitcoins dominance down guy since it continues to grind i mean yesterday we were down Point eight four percent that they have a full one point six four. We've consistent living gronning lowering and now on a downtrend so that doesn't mean that we've opened up. The doors on all safes not at all as just a reflection of bitcoin going sideways for the time. Being some of these other. Major market cap tokens or coins. Going to call him. Having a had a bit of a tom. Tom the sun for all across the market dom is relatively ho Bitcoin thirty full six nine five down two point. Two seven percent not looking for tried a theory was shot. Still pretty good in the dialing although there is a little bit of divergence updates only the daily that shows that divergence pretty kane on a rising to last night on a theory on the four abbott. It brought to stop before before it was entered. So cancel the order before bed. So a pretty Solan recovery the small leading into the clause and since then down three point three three percent and finally enough at thirteen hundred thirty three dollars. Now not really my right At this moment in time just because again. It's starting to get a little bit starting to get a little bit a what's going on. I want to stay break above four hundred forty six. you know. Get us above those those all time highs and then we'll have successively back

Bitcoin Krebs David Spain TOM Abbott
ETH Looks Mint

The Trader Cobb Crypto Podcast

04:20 min | 5 d ago

ETH Looks Mint

"Now all hi. Welcome to try to co kept. I felt casts. Have you well her you. You're you're you're you're are. Let's see what's going on at the moment Tell you what it's been a bloody slide. Ifa trading i will. I will tell you i'm And welcome to the new listeners. Because our podcast numbers are going absolutely relief and appreciate it. Thanks for sharing at telling people about it passing on what we do because Yeah it's been fun in hyphen damore interviews and stuff. Coming up. as didn't do much of that stuff. Lost year this year with a lot more going on on the spice day falls doing at the moment. You look at all these new projects that we can invest in get involved in a figured figurative. Probably be a pretty appropriate time to start putting the feelers out once again. I'm going to go and get myself a little. Judy and And set that puppy up. So i go to bed a little spice to do it. And bring you some interviews and what not just to sort of lucci. Things might by token individually. Well i actually am bugger. At what amaze you know if there's two things at the ogden on scratch the case of the reason. I want to be doing more interviews. That sort of thing is each names to be scratches on it and learn more lost was bill really doubling down and building out the courses building out the structure of the members area and trading this year. We've got that building stuff done which means off a little bit more time on my hands and look. I'm not gonna invest all of my time back into giving stuff s On guy. I still am but i'm going to be getting a lot more time to lovely family this year because last year was pretty hectic and It's time to be around those little children of mine a little bit more. So i'm looking forward to that but with my time i want to learn more about what's going on. What's the next project it's coming up. What's why should why will this defeat that. What are you trying to solve all these things that i used to do and didn't really do macho bless a want to get back to that so stay tuned and you know the way. I'd do things if you'll relatively new hearing. This is already to speak to the business application of project so it might be a different a different. Take on what you use in other people's interviews on really interested in going to be a success because at the end of the day whether it be on blockchain in crypto or out the normal world a business is a business and the goat revenue and. That's what we're trying to work out. Who's going lost and who ain't so stay tuned. Yeah look full pretty boring. Diana markets short now. But i'll tell you. What if the item a timeframes that i've got my little papers on at the moment market pulling back graduates into these cradles lines and looking pretty spooky undermined the way things looking at the moment. He's that slow Do move long. Graduate taught mock and that's pretty cool because the high times i dig the high at timeframes. Love them to pieces whiting to say might be lighted to not mob early tomorrow but yeah keeping the papers peeled for that way on a few not a lot but a few now as far as top ten guys. Let's talk to the top ten a bit. Clint thirty five to three nine. It's down very sideways. It's down one point. Eight percent an remarkably nowadays one point eight percent quite six hundred and forty six dollars. So there's still plenty of movement It's just not really all that. try to. I mean the fifteen you could be at there on the fifth day and there's a notch. Actually shish is a little by little trend there on that faith thing but look for me. i'm not scribbling down those low timeframe at this point in time I'm happy to take a break. Just white for the next trend wipe for the next move and and then just go well sokha variant thirteen hundred and fifty one hundred cracking die yesterday. Oh my goodness me. I just found a wonderful four hour cradle. Unfortunately it doesn't close for three hours so that means it. When you listen to this plenty of tom go check it out a theory and bet you will on the platform right now with three thousand nineteen minutes ago on the four at in the cradles.

Judy Diana Whiting Clint TOM
Trent Elmore: YAM Finance   The Rise, Fall, and Rise Again of the OG Foodcoin

Epicenter

02:26 min | 6 d ago

Trent Elmore: YAM Finance The Rise, Fall, and Rise Again of the OG Foodcoin

"Builders and thought leaders on this show we dive deep. Learn how things work at a technical level and we fly high to understand visionary concepts and long-term trends. If you like epicenter the best way to support us. It's the lever of you and apple podcasts. And if you're a macaroni device the easiest way to do that it's a good epicenter. Dot rocks slash. And if you do the podcast. Be sure to subscribe on apple podcasts. Spotify or wherever you listen to our guest is trent elmore. he's one of the founders of the project. It took off last summer and it sparked a massive movement and cultural phenomenon in the crypto world. I'm talking of course about food. Tokens says trent explains it. Yen was created as an experiment and it brought together. Some of the most far out and innovative ideas in defy it borrows from existing concepts so the fair launch mechanism in wi fi and the rebates mechanism in ampleforth. Stick them together. And you get yes. Trent shares the details about the early days of the project. How it came together. He talks about the rebates mechanism. And now that works. He discusses the treasury and what those funds are being used for today. Talks about the governance protocol and takes us through the hours and days which followed the bug discovery which of course brick the protocol and lead to the launch the to contract and finally shares his learnings from this entire experiment which are really fascinating. Now you might be wondering why. We chose to do this episode. Almost six months after the whole food token frenzy started well in true epicenter fashion. I think having these conversations later affords us the advantage of hindsight and we're able to learn more about the lessons learned from these experiments and that was certainly the case here. So if you're holding yams you may have noticed that the price has gone up these last couple of weeks and then you won't swap them for some either die or something else. Well if you're gonna do that you should go went inch it's my go-to decks aggregate and i know that when i use one inch. I'm getting the best price across decks ams and a couple of weeks ago. that had an airdrop. And so if you've been using one inch these last couple months. Maybe you've got some Some tokens they're waiting for you. And i discovered. I had some and it was nice little chunk of change. So to swap cams or discover if you have some one inch tokens waiting for you. Go to epicenter dot rocks slash one inch and with that. Here's a conversation with trent elmore. We're

Trent Elmore Apple Trent Treasury
ETH Dominating The Pack

The Trader Cobb Crypto Podcast

05:27 min | 6 d ago

ETH Dominating The Pack

"A modem on who. Who's pretty savvy. His is better than the markets long time. He's he knows what he's doing. He's not a traitor He is a shadow who Who invests annuals helps projects. You know you could get in there and get his hands dirty. It helps them come to mock rise or turkey and all that sort of stuff and we just had a new charter for such a long time and just hadn't had a chance. Hey we're just talking about the state of the market where it is and what's going on and all that sort of hoo-ha and We by sort of discuss the fact that you know oh too late to get into this or the tonight and how are we structuring And hey did bring a really interesting point and that really interesting point for me was. He's like dude we haven't seen we. We're in bitcoin bull market. We haven't seen the ulcers takeoff yet. We haven't seen the rest of the market. Really get ramping. Of course that's not true to a certain extent because of they're of course it has moved quite significantly over the period of time. What two or three x since. What october las. So it has moved but not not if you look at the right of which bitcoins mode rob at. It's gone from what let's call it. Ten thousand two will be thirty seven thousand. That's a multiple nearly four done a four x on bitcoin. The biggest market cap in crypto whereas with therion what like three eggs or something like that three or four signs of of thing but on a much smaller market cut. Now we have seen the locks. Of course that's been a superstar this year cut down. I also another one coins. Todd ramp again but we haven't really seen that join numerous polish. The gusta that comes with an ult- run and we just hopefully approaching that as i see a theory of now pushing up five and a half also. I fought point. Three percent pushing onto an uptrend. Wants a gyn. So just just reinvigorate the sole off what has been a for me. It's been a slow start to the if the trading perspective. I've got a couple of trades on now ticking away at obviously wasn't hall of that and it was lovely to do it but my my portfolio did very well over my whole bright medi-cal investments by the state back a bit setback in the shadows. And just let things happen. Take a break for myself. It's really lovely to be speaking people in the nose. Well that the saying the same things saying the same things and been balling therion of light The white base setting up on the job the way the wyatt's bank consolidating around that twelve hundred that little level. That was there but it wasn't like it wasn't a tradable level. I tried anyway. There was no significant perfect specific level. That was that But it's going quite well obviously wrought now. I wanna take you through the top ten. But i just wanted to give you that little bit of a better spot ninety. I feel this is just the beginning if this is to what what is what it is to be based on you know everything. That's happening the snowball effect and the avalanche slowly rolling down the mountain. a lot. further to go. I'm gonna get a lot of money that we can make whether it be investing or trading high both work. I do both absolutely idea by. But the trading is where that's where my expertise laws and that's why you know you gotta try. You can get one hundred and one on a try one hundred dollars stop loss for example these big moves anyway. Pretty what started the day. How bitcoin yesterday close up two point. Three percent the highs. What i'm watching. The high thirty seven five one seven where it thirty. Seven to eight three. We break that high of thirty seven five one seven. We've broken the high of small bullish candle in the cradles on now as much. It's not a trade for me because the trend is still looking a little bit shakey. It's been consolidating a little bit. It's it's positive. It's a good thing before starting to cycle along a little bit better. And of course that four hour if we ought to break through that level that tramway ad will gain even mall strengths of bitcoin. At one point four percent right now following on is a theory which is a top performer. Thus far die gotta remember. i'm probably two hours to get this You know it's it's up five percent of theory and thirteen hundred. Twenty five dollars punched. It's wife through. The high was hoping for it to get through which is twelve ninety six hundred thirteen hundred really the level It's pushed out three. Today's bullish candle and we are headed towards new highs within this trend. Hopefully today's one of those days where it just starts to get its motives. Running did back at the very beginning of the year and we saw twenty six percent dies ten percent dis and we just rice backup Fifty so keeping close on on that security from a training standpoint. While i'm really chasing after here. I'm just gonna wait and see how that plays out throughout the day. Exile still hanging low twenty nine cents. Right now is up. Once one point six five percent. Nothing amazing now. It's been a bit quiet. The quite some taghaneh hype. We'll see how we go with ex. Pay threat the wake up on bitcoin. Cash breath hard yesterday's candle of course the high fourteen point seven five when out five nineteen point full five up two percent flat right now and again. Look it's not really. It's not really got me going. Just yet that's glistening is starting to come in on his lower timeframe certainly my my little trading alert and ten. I are up in the air right now. Lot coin is up three percent breaking yesterday's highest. Today's high was one

Todd Ramp LAS Wyatt
The Bitcoin Podcast #335- Ryan Watkins Messari.io

The Bitcoin Podcast

06:45 min | Last week

The Bitcoin Podcast #335- Ryan Watkins Messari.io

"This episode. Three hundred and thirty five. I'm the host the talks. I d secondary host. Dr corey petty in the house and the third host jesse. We did it. nice. It's the first time that's ever happened. Actually said the numbers altogether manful blue that all to look at us. Oh what's that bourbon. Fat is irish whiskey cheap too so it's pretty bad side very good. Cheap whiskey is nasty anxious really sweet. Yes so how this week busy. I'm busy look good. I know i have no complaints. Jesse here's the same as every other day. Yeah pretty much. I was playing with the whales in crypto dipping around with the whales we re doing so on the exchanges putting in market orders and moving prices around. You were moving privacy around you throwing my move. You can move them around. How how much money enough to move around a little bit. Okay you know like when rot water ripples and then you have like little little little ripples around a drop ceiling the little. Ripples how are you. Moving targets probably really got to be really small markets no substitute g markets as a about the latest five dollars down and fuck up. Somebody's a world and they're just waiting for like a huge way just like swallow you up like the like this gift that you posted or does your post this gif some slack. Put inside yeah. It was a well eating. it's phenomenal. it's beautiful it's kind of scary pretty majestic not gonna lie. That's exactly what happens. I'm that's how i would like to eat a hold. My mouth open in all of my food pours into then close at once in a done like it. Seems like a perfect thing to do. Some highly nutritious food like keen wall and just open. My mouth for the chemo. And i closed my mouth of them done eating there. We go Let's actually very sad. Life wills lives must suck snowy. They don't but anyways my week was good man. Busy work You know becoming the resident crypto expert of all of louisville kentucky. So everybody asks me all their questions about the start. Charging people charter time ago by now. Jarding longtime ago. I don't know them singing. Means that they're automatically not sad leashes Wells can't be sad. They're seeing all the time i really. I feel like most songs from like depress people yet separate michael Clearly addressed filthy frank. He wasn't depressed. Who's filthy frank pinky. She says things that. I don't know pretending like link you guys on hall. I got you just make up trash. Can harry trash. Can harry using does smashing hits like dumpster fire so the thing about islanders. Being your resident crypto expert means that you are lambasted with questions from all over the place but the thing is though i love it. I love it. I i ought do. I'm like ask me questions bro. Yeah like had some great questions we gotta like. Somebody said in a very nice way. They're pretty much like it. Seems like you're educating people to buy an asset that you own because you already own it you're just wanted to increase in value so then you could dump it and i was like yeah. It was like no and then somebody else had an argument. That good rebuttal sir. Now you gotta keep your rebuttals short and sweet but then somebody else said like warren buffett Shit is to stay away from it. And i was like warren buffett also thought that google was shit in amazon was shit. Netflix was shit. He doesn't like tech. So what's your point in at the end of the day the irony in that eireann flake because he bought snowflakes. Yeah no snowflake that the cloud competing company right like I think quadrupled since he bought it. He's described warren buffett. Warren buffett boost right there but nevertheless it's ironic to shit on something to preserve your own wealth to say that people are just trying to preserve their like. He's he's shitting on the crypto community. Because he's like. Hey you're just trying to preserve your wealth so everybody buys what you already own than your value goes up. But isn't that the same thing. 'cause like shitting on crypto. He's insuring everyone goes to all should he owns in the regular financial markets. So it's like the irony in those statements are are alarium mr buffet. But i respect them. I respect them just a pretty good making money. He's done all right. He's he's done okay. You know if. I had a thousand bucks. I didn't know what to do with it. I feel comfortable. If he had died. I'd say a thousand bucks with it. And if you told me i will do it. He said but he turned off by the five million dollar dinner with happen. And then you can. You can ask him that question. Five million dollars for one thousand dollars something like that on the whole five point one million but that one thousand is going to make me so much fucking money because more of it so no a five point zero zero one. We're talking about wrong mattheus off. My decimals removed I wanna talk about is another. Negro dominance reality coming true and that is a big coin is deep in the trenches. Bitcoin deep in the pockets of our lawmakers

Dr Corey Petty Warren Buffett Jarding Frank Pinky Harry Trash Jesse Louisville Kentucky Wells Frank Harry Mr Buffet Michael Netflix Amazon Google
LINK Wins The Week

The Trader Cobb Crypto Podcast

02:55 min | Last week

LINK Wins The Week

"Get the app in the app store and start using it right now. There's going to be a vip. Rice will match any vip tier in any of the exchanges. You're on there's one hundred thousand dollars. Usd in prizes to be won so get across the now and join the app. Get everybody welcome to a new waken. Welcome to the crypto The try to sharing that. He's a can. I say let's just stop by a bit of a recap on last week's movements starting with bitcoin. Would we were down. We dan week six point one five percent. Now it's come back down to test tested just above thirty thousand to a low of thirty thousand three hundred thirty five and That has yes look good. You know it's it's it's down. It's not far out of that cradles. Could certainly come back further. And while i'm watching right now is how this daily on fall. Yesterday was a bullish candle in that cradles not tried for may simply because it's a potential there for lowell high. Now that loa is at forty thousand two hundred and twenty now the lower that gonna bright for me to be concerned that this style not truly concerned but to see it as being a pullback is the low all thirty thousand three hundred and thirty five the guy. that's that i'm really watching to see if we can break down through that line. If not only just go through a consolidation. The the other option is if we break up now. Three forty thousand two hundred and twenty that will set us off in another uptrend there on that daily with the old time highs till around forty two one two eight so it's up half percent right now it's it's very early relatively messy to lost couple the last week or so. It's by mris. It's looking like it's trying to find his on. Its fate will see what happens from that. Certainly hasn't been the best performing out of the top ten for a little while a theory is holding its ground Thirty six thousand fifty right now. Bitcoin twelve hundred and forty one dollars fifty on a theme right now. The last few days so consolidating up six percent loss wakes candle big ride. it was down two percent abbott. What we've got there is from the. I've been to the low. It was down twenty seven percent at a raid. Gained a great deal towards the back end of the week popped back up and Just to say push up a three first of all the of Third eight hundred and then set the new highs in this trend of third aim sixty eight ninety one get through it has. It's still consoled on equality. Debate not really consolidation. That i'm looking to try. It's not going to define enough level but it's still looking pretty good except pay. Hold grand around that twenty. Seven sent my back through the old resistance. Point was sort of dangling around there. it's a little bit a little bit ho-humday for For all x update was down twelve percent loss. Wake on the club's not much related to say a twenty seven point. Eight cents represents a loss of to a guy who have point two of the sent today. Bitcoin

Lowell High App Store Rice DAN Abbott
SOB #450 - Let's Talk About Transaction Fees!

Let's Talk Bitcoin!

03:13 min | Last week

SOB #450 - Let's Talk About Transaction Fees!

"You can to the interesting things that is here wants to do without allowing open ended computation. You don't want to do the interesting things that he wants to do in bitcoin. Because you don't want to allow the additional computational complexity folks on today's episode of speaking of bitcoin will dig into a critical topic in the blockchain world the fees we pay to get our transactions recorded and distributed permanent record and interesting differences between the top two cryptocurrencies bitcoin. And therion days. Always i'm joined by the other hosts the show stephanie. Murphy hi jonathan moham- andreas m and opelousas. A thanks to all the hosts until you listeners. Sitting in on today's session so transaction fees. It's not a sexy topic but it's a critically important one under normal circumstances. It's like putting stamp on a letter. Generally quite cheap and how long it'll take for fifteen bucks worth of bitcoin or that crypto kitties token to arrive at its destination is fairly predictable and to be clear normal that the number of transactions being sent is less than the total capacity of whatever blockchain. You're using in that situation. Minors are incentivized. Take whatever fees they can get and philip. Each block with as many transactions as they can sometimes even transactions that incredibly low or even no fees at all get swept along but all that changes when usage spikes up and miners have to start picking and choosing which transactions. We'll get confirmed quickly. And which ones. They're willing to wait on when that happens. Center start to compete for faster service by increasing the amount they're willing to pay which can spiral upwards in expense has the markets struggles to figure out exactly what it's worth to them for that fast service so we've got a few areas to touch on in today's discussion but let's start with basics. Andrey's what's the thinking behind this two phase approach to fees. And what are we trying to accomplish here. The simple answer here is that they will always be capacity constraints in a blockchain especially blockchain that has decentralisation as its goal and therefore needs to keep the resource utilization low enough that many people can participate in either the validation and mining or just a mining of transactions. So in order to do that you have constraints on how much data can be recorded in the forever. Immutable blockchain because it has carrying costs. Then the question is how do you allocate that resource and the simple answer to that is that there's two ways of allocating that scarce resources. Which is the capacity of the blockchain which is not infinite one way is a market an auction effectively which is what fees do and the other way is by authorizing someone to decide what should take priority watch shouldn't and that second part is often hand waved meaning that people assume that it's okay we can just have free transactions or very very cheap transactions for everything but if you really do have a resource constraints which you do if you're trying to keep things decentralized eventually you're going to have applications being developed that trying

Jonathan Moham Andreas M Bitcoin Opelousas Stephanie Murphy Philip Andrey