36 Burst results for "Cryptocurrency"
Fresh update on "cryptocurrency" discussed on Heartland Newsfeed Radio Network
"Bedroom had syringes. And adult diapers. depends. How things got you thought it was weird before. You know sometimes people need those though. I mean it'd be. These guys are freaks. They're they're weird. Yeah. No doubt. So the claim was that they did not bury the parts that they had taken off they put them in the freezer freezing them. Yeah. But I mean you know hey. added. Know whether he wanted him or not. So I just kept them. New meaning froze my balls off. I mean at some point it. It how quickly do you have to bury a body part? Not Very body part in order to get this charge is what I'm saying Oh. Yeah. Oh the charge of what was it not burying a body part? Cuba head. During the search, they found to flash drives restraint straps next to the medicine cabinet a sheet with a needle and bloody dog pad was found in the trash dog pads are good because it's essentially big flat diaper. So it catches the blood and it is waterproof during the search deputies were told Alan Gates were at the hospital trying to visit the victim and that's where they found them and took them into custody when these police showed up, did they have a warrant? They did get a war. Okay. Sir there you go. There's your update on the very czar, the latest cannibalism story, which we still don't know whether they actually did cook up man's parts and eat them or if they pop them in the freezer for a later dining. This guy's just making that part up. I mean. There's just no proof of anything at this point. These guys are charged and they haven't had their trial and. I suppose been making it up I. Don't know why they're giving away free. Castrations and think that's the most damning evidence here. Right like if you. Balls to heat human testicles. Then you know the easiest way to give them it's probably giving out free castrations. Yeah. Supposed voluntary. Okay let's just assume for a moment that everything in the article is true Fifteen years. Later with Ziplock bag. There's a lot of satisfied customers out there. This guy got away with this for fifteen years. I, mean, he's done a pretty good job. Apparently wait a second. You don't know whether he's got fifteen years of experience on human beings are Asia or because they're. Bright Yeah. Right I've castrated. Let's imagine the worst. So you're saying you think this might have been the first time they went after a person. At this point, we have no evidence otherwise. So let's just the claiming victim or the so-called victim. In this particular case, this guy is going to be the victim about it but I mean he's also enough to fly from Virginia. Do. Oklahoma in order to get his testicles removed at this point. We've got his news story that should have had the theme song of deliverance a playing underneath it. That's all. So the toll free number here is eight, fifty, five, four, fifty free like freedom. That's eight, five, five, four, five, zero, three, seven, three, three, look as far as freedom is concerned, this guy should have been free to have these old boys slob his his his testicles off. That's what I wanted to do. I mean, this is fundamentally that's the effectively protecting the medical establishment is what these the government's tech protection racket for the medical establishment. Yep. Now can you go and actually hire a doctor to just remove your testicles? Is that a surgery that that you know you would think so I would think hip hippocratic oath would preclude that unless you sort of you know had some kind of amount of counseling or second. Book Laser Surgery for my eyes. I mean, I had to me they cut into my scrotum particular case Yep, toll free number eight, fifty, five, four, hundred, fifty, free. That's eight, five, five, zero, three, seven, three, three. 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If you're planning an event for fork fast, be sure to let others known advance. You can connect with fellow festers via the unofficial telegram or the festival them links to those on the unofficial website fork Fest Dot Party Mark Your Calendar for June twenty eighth through July Fourth Twenty twenty one we'll see you at four Fest Dot Party. There are lots of ways to listen to free talk live our podcast has been around since podcast began and Now, the F. T. L. feed is loaded with content besides our full show archives. Did you know that we make it easy for you to customize your podcast subscriptions? We have different feeds one that includes only our full shows one with just the daily digest and our main feed that includes everything you decide what you listen to. It's quick and easy to customize your feeds at feeds dot freetalklive dot com that's feeds dot freetalklive dot com are you a crypto currency advocate? The crypto tip is the ideal outreach tool to help new. 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Willy Woo on Why It's 'an Extremely Great Time to Buy Bitcoin'
"This was quite weak for Bitcoin and crypto in general with pave announcing that it will allow it's three hundred and forty-six million customers to hold bitcoin ether and other cryptocurrencies as well as use them to pay pay. Pals Twenty six million merchants. Avenues the price of Bitcoin shot up briefly flirting with thirteen thousand dollars. What do you make of PAYPAL's news? yeah. Well. It's very much significant if you were to look it on chain, exactly how many people actually holding the coins in the Wallet? Well it currently is only twenty three point four million holds on shade and if you count the exchanges, these one, hundred and one million. Active unique accounts so if you look at cal, it's all mice five times it's four, hundred, eighty million. So you know this the absolute unlock to the mainstream Mac here to excess bitcoin. Way In excess of what we currently have in numbers. Before that news broke, you had been tweeting a bit about how bitcoins price behaviors have been changing. One of your tweets showed a chart of coin dormancy against the bitcoin price and you tweeted dormancy is a measure of old hands selling out as interesting to see old hands reliably sold tops. Until this present cycle, they sold the bitcoin bottom at three, three, thousand, four, thousand dollars they are selling right now. So when you say this this present cycle, what time period are you talking about and why do you think the Behavioral Behavior Fall Chances. Changing. This this is the current cycle of the coin cycles. Every four years because the happening that's kind of impulse of. Of supply reduction, and so we get into these four year macro cycles in this particular cycle is interesting in the we had the fist. Through of exchanges with the lights, of bit mix. Introduced in the telling twenty seventeen and with the crazy leverage is these guys can do on these exchanges they. They have dominated the volume on. Against you know the the organic sputnik people would normally come in and by the coins move muffins the wallets. So when you've got this out live, Oh, you on derivative markets where traders cabin and trade against each other. They play a whole lot of strategic games. You Know Defensive Lines I. It to playing a game of gridiron where you going yards and you're trying to push the other side over the they back trace in. So we're in this era of derivative dominance where it's trade a game. So you see if you look at the chat of Bitcoin, we had this very nice organic. Movements and price. It was very effective fundamentals of visas coming in, and since twenty seventeen, the telling twenty seen really coming into twenty eighteen and into now we've had a crazy whip sore in the price action. It's like you can see the six thousand sort of band that we head and twenty. Eighteen in it plummeted down to three thousand. That was all trade against. On. Exchanges and so what I think's happening is that the old hand Wales, the Oggi's that voted to Bitcoin, wipe win, and the obviously highly capitalize in the boys being out of cell tops the not currently equipped to play the very sophisticated trade games that helped him unto exchanges. So that not selling the top selling the bottoms right now. and. So I don't fully understand. You know when you talk about this kind of game. What is it? You know just from? hodler perspective, it should be. You know something straightforward. You buy low you sell when it's high. So what is going on? Exactly that's keeping them from being able to do that. You know this obviously is a hotly you'll going to organically by and hold for long term sort of held that if you these terrific of exchanges. All you're doing is making bids long shore the prices, go one way or the other, and if I'm correct I make a lot of money in. So what actually happens is there if you see, for example, the gene rural market, the general traders which of unsophisticated traders they may be going long. So if your though the winner. you'll the whale onto exchanges and the winners team to be one to the Mac out according to picnics ninety nine seat lose. you're the guy with. Tens of millions of dollars of what we call Ammo. To bad to push the MAC at one way. So for example, if you've one's going long. And I'm the one percent. Well, I'm going to choice it and I'm going to sell and I'm going to sell in the NFL I may even sell on spot exchanges to to push the price down and I'm trying to push the price down below the defensive line of people going long because if you going long you bidding on a going out, but you do have this. Line in the sand where if you're wrong, you're either liquidated will you have a stop loss where you can a sell out both both cases you're going to sell out? So what the whales do is they they counted trade you they pushed the price below your offensive line, and at that point you have to sell in and then suddenly the price plummets and then thou- group at the bottom and they win and so you know that happens with your long assured the the ninety nine percent lose, and this is a derivative. Casino game. With with they're very smart sophisticated players. That have now entered bitcoin is completely breaking headache
PayPal to allow cryptocurrency buying, selling and shopping on its network
"Selling and shopping on its network, Reuters reports Papal customers will be able to use crypto currencies to shop. Starting early next year. Bitcoin and other virtual coins will be allowed now, not just any digital currencies, the ones developed by central banks and corporations. The White House's downplaying opposition in the Senate
Unraveling MiCA and the New Regulations Threatening Crypto in Europe
"That's that's enough about France. Let's because our list get bored with with all the stuff that's very specific to France. But let's broaden it a little bit and talk about Europe and where where there's a lot at stake here, and this is GonNa be the bulk of conversation. We're talking, of course, the digital finance package which was. Drafted and released in late September. So just for context, what are the high level principles of cryptocurrency regulation in Europe one of the major frameworks that cryptocurrencies and cryptocurrency actors fall under in EU? Okay. There's Hugh big ways of regulating cryptos in your roof basically we can shit. Yeah. Two a way of regulating the first one is considering the that crypto assets are a securities. All of them and make them full into the financial regulation in general. So that's the approach taken by Germany and a few other countries. So if you are operating his. Exchange in Germany than you have to be a regulated. Financial Exchange that that's a that's as simple as that. So. That's the first the first way of doing it, which is quite easy to do of course, but can lead to some inefficiencies. Patient. Because the financial regulation is is very strong and very difficult to apply for a small actors like And then you have the countries that try to create a dedicated from Fokker to us. Already mentioned France of course did this but you have. Your mountain you're. They'll have like a crypto license. where basically you you described project and you you have specific allegation. That are adapted to the crypto asset and that may mentioned for example, custody this Kanye to the DESTIG- sector. So these are bespoke regimes that are created by national governments in order to help players and startups in the crypto space get started without all the encumbrances and red tape and everything of a very. Complex Regulatory Framework as exists in the financial space. That's a the LAKME. Exactly. And then on top of this. Irrespective of the of the local regulation, there's an obligation for each member state to. Put into place regulations on Koa mill for all the all the exchanges that David with Euro and all the custodians that's from a you regulation. So needs to be apply everywhere in the. And see the animals five. Directive. CRYPTOCURRENCY startups in Europe are regulated at a level by Amil Five, which implies at every exchange or custodian conducts L. Kyc on their customers but other than. Other than this specific. know-your-customer regulation there hasn't been until now a framework at the level to regulate things like. You know specifically how tokens are listed by exchanges or Stable, coins or things like ICO's until now, these have mostly been regulated at a local level. Executive okay. So let's let's now jump into this Israel finance package. What. Is this digital finance package that was released by the Commission and? How does it change fundamentally this this situation that we're currently. Yeah. So the digital finance package, it's a big badge very, very big. Named suggests it converse everything digital and finance, and the objective of the digital finance package is basically to make the EU competitive you know Narita where the financing finance is increasingly digitize so very broad and diverse. That's a lot of different regulations that covers a lot of different areas. But of course, what interests us is, if you QBC's of this regulation that will concern specifically the crypt assets industry namely the Mecam regime, a markets data sets. And then at the pilots regime for the security tokens, those are the two components that are specifically targeted to drip to assets in rural. So basically assets registered on a blockchain and. The idea behind this dysregulation is to consider the criticism very specific new as clubs. So it's quite zooming out to the approach that was taken by friends, for example, that the really considering the group that as as a different industry as the other ones and to create a specific set of groups. An spoke regime that will apply to those actors and to the staff teaching. So that that's what will happen and that's that's what the the regime sets since motion. Every single crypto assets ACTA in euro will be regulated by camp. And everything will issue of security token gay news, the pipe between, which is very specific some kind of sandbox Okay. So, when you say every single crypto currency actor in Europe will be regulated under Meka. I think we're GONNA spend most of this time talking about Meka because the one that concerns defy more so than the the pilot regime, but we'll talk about that but. When you say every single actor who you talking about here give us some examples of like who are the people who are the companies that are getting affected and regulated by this. Broadly speaking meka is the creating a new category vectors. The Cold Crypto said service provider. So shocked providing service whispered doesn't you fall into this category and it's very inspired from The financial regulation. So basically, the crypto asset service providers, the custodians. Trading Platforms Exchange execution of older reception and transmission of all those of us. It's so if you look at the different financial services in Mifid, which is the financial regulation, the Euro. Just, a cookie based basically adapted, of course, because there's the custody, but for the finance photo crypto has had sexto. So if you are providing service got an intermediary basically exchange, you help people by yourselves to assets, you advise them on guitar sets you will be a regulated under the regulation. So you all catch. and. Then there's a regulator about of the regulation that is focused on the issuance of quotas. Any issue of will also be regulated. What is the meaning of a for issuing protested? And there's specific. Dispositions on stable coins, and this is a very, very sensitive topic with a lot of pages of regulation just to give you an idea. The whole regulation is like a hundred and seventy six pages so to just on meteorology allergy and stable going bar is like a
What You Need to Know About the DOJ's Cryptocurrency Enforcement Framework
"Last week Attorney General William Bar announced the publication by the Department of Justice of cryptocurrency enforcement framework what is in the framework and how will it be used? Does it change anything about the way law enforcement has been going after crimes involving cryptocurrency? Well I don't rule that it changes anything, but it is very significant in another away a number of ways. So first of all, the cryptocurrency enforcement framework is a seventy plus page document issued by DOJ on specifically by the Attorney General Cyber Digital Task Force a week ago today on October Eighth and it is a self described comprehensive overview of the emerging threats and enforcement challenges associated with the increasing prevalence and use of currency. To details, relationships that the Department of Justice has built with regulatory enforcement partners both within the US government and around the world and then outlines departments, response strategies and for my purposes. I personally find the last part of where the framework talks about how the department has responded to crypto currency the most interesting. And so in general, what are the main takeaways in terms of the significance of the Attorney General Publishing Document? Well I while I think just the fact that the Attorney General Department of Justice has published this document is itself significant? It shows that Crypto is something that DOJ's focusing on and also perhaps even more important that DOJ wants the world to know that Crypto is something that it's focused on. I pull a couple of about key takeaways from the framework First of all DOJ seems to be still somewhat skeptical of Crypto So in the first part of the framework there's a section on legitimate uses crypto, which runs about a few paragraphs, and then there's a section that is titled Illegitimate, uses which runs to more than eleven pages And if you look closely at the legitimate uses section. It's careful not to come out and actually say that there are any legitimate uses at all. It uses language like in here on quoting Laura a cryptocurrency advocates maintain that a decentralized distributed and secure cryptocurrency holds great promise for legitimate use proponents cryptocurrency contend that by eliminating the need for financial intermediaries to validate and facilitate transactions. CRYPTOCURRENCY has the potential to minimize transaction costs and to reduce corruption and fraud. Some advocates claim that crypto currency may in the future facilitate micro payments. Others believe that the privacy associated with crypto currency through raising significant challenges for law enforcement though raising significant challenges for law enforcement can have valid and beneficial uses of reading between the lines. I think You can detect a certain amount of skepticism about crypto even though it's not nearly as new as it was at one time. So, when it comes to the DOJ, what are the main crimes that they're looking at when it comes to cryptocurrency? Well the first part of the report or the framework actually lays out. Three categories of crime. So one is the use of Crypto as he man or to siltation for lissette activities. So for example, on taking Crypto as payment for illegal drugs over legal weapons or child pornography or using crypto to engage in terrorist financing that's category one according to the framework. The second category according to the framework is using crypto to engage in money laundering or hide assets from tax authorities in the third, it's crimes against the crypto marketplace itself like hacking exchanges. And there's a section of the framework that goes through all of the laws that DOJ can use to counter this kind of activity and they're more or less. What you would expect the fraud statutes. The Money Laundering Statutes the terrorist
Attorney General Barr Announces Publication of Cryptocurrency Enforcement Framework - But Do They Have It Right?
"So today your core, you posted a link and you're like, Hey, hey, everyone apparently, the attorney general thinks that crypto users criminals. And that's not tied in stay that I to say that I was like, Hey, you said, what did I say? Let's go up to. Say. I didn't say much honest I just said I basically Gerald. William William. Bar announced his publication of cryptocurrency enforcement framework. So maybe the article that dropped this relatively important. At least I thought it was. Open it up here. How many? Pages, CAV. Suggest to. Eighty something, right. Eighty three pages of the US Department of Justice. Framework on digital currency enforcement and. Too Long didn't read from what I can tell nothing too crazy except that they don't understand any of the legitimate use cases, crypto currency, and that's about fifteen pages of illegal uses of cryptocurrencies. You can see the Linda they're coming from. So it. All boils down What you said many times in the last few months that is government is not going to be comfortable giving up control of the current the power. Right that's all it boils. That's that's the theme here. Is that hey y'all crypto usages cute. And all, but we still are more powerful than you could ever imagine. I don't see. That way that may be true but at least in the context of this particular release. it's the Department of Justice. They're going to view it through the framework of illegal use cases in the things they're trying to stop and protect people from. Or catch bad people from doing stuff at when they look at cryptocurrency through that Lens enables a lot of. People who would like to do bad stuff to do it a little easier potentially. That's only Lindsey care about let's that. They're trying to like look at it having enforcement framework for. Like how does this enable the people we're already looking at and tracking and tip to stop to do the things that they're already tried to do. Not. Like don't expect. Quality. Like. To come from this. This is only going to be like. How do we stop it or how do we watch it? How do we? How do we survey? Harry punish people for doing the things that we're trying to stop the. Do they incorporate this into the has has like people sending money overseas. Like Tie ed to. Them harboring money or like putting money off shore for tax evasion purposes things like that, right? Proof could we put towards a specific type of cryptocurrency use case in the context tax evasion? Do. You think that the US DC an like these different. What are the combs CBD central digital currencies are just like vaccines for the financial systems of the of the of yesteryear? Are they just a way for them to basically you know? Put a virus in the CRYPTO system in see all the Times that crypto touches their digital currency. Just. A portal is the gateway this. He's from my perspective. This is a hard it's. What I like. So she says. Terrible. Terrible case worst case scenario is like, Hey. We got a handle on things things that had watched stuff key people for doing things, and now have a lot of controls on. Money floor or whatever like this comes out it's so dreadfully increases the access at ease in which people can sit value. Across the Now, we've got to do our jobs again. All.
Tracking the Trends: AI, WebRTC, Crypto, and Full Stack Startups
"Today's episode is a conversation about four big trends in the tech world. Any one of these trends would be notable on its own, but we cover all four in this hallway style chat as a sixteen z general partner Chris and talks with Sept. Campfire professor of media, arts, and sciences at MIT, and now co founder of cryptocurrency platforms, Selo and Eli Gill an investor in the CO founder of Health Technology, company color genomics, and formerly at twitter and Google. This is a wide ranging survey of some of the major shifts in technology right now but it's really a Meta story of how innovation happens, which is most definitely not in a straight line. So here, the translate cover Crypto, of course, a and machine learning including GP three. You can also listen to our explainer episode on what type and what's real there on our show sixteen minutes full stack startups, which Chris I wrote about in two thousand, Fourteen and collaborative web collaborative enterprise social including RTC or real time communication within the browser, which is where the conversation begins the first voice. You'll hear his Chris followed by talking about Web RTC and then set wants the conversation turns to Crypto. So it's a lot I. You and I have been talking about this in a negative excited about it. This kind of this feeling that there's a new stack of web infrastructure things like video audio. Collaborative Video Nadia rather who's having infrastructure now that it works in a way that it hadn't in the past and that's a mocking a whole new way of interesting applications people are always looking for the next platform and what the next big platform shift is and I think I kind of May have snuck up on all of us in the form of Web RTC Web Gio and then related. API. Companies providing sound or other things that have been built on top of by. Many other companies and I think the shifted substantiate itself in two different ways and almost call it the collaborative web and then separately the collaborative enterprise and if you look back ten years, people kept talking about during the first social way everybody talking about how there's going to be a social enterprise and how every SASS product was going to be more social and collaborative in that largely failed and it feels like that shift is finally happening in part due to things like what? You see fig for example, is the first really strong example of a Web jail enabled application along you to collaborate in real time with other people. In parallel with RTC is really allowing for really interesting concurrent sessions around video and tell you starting to see that in terms of a lot of products being built around virtual office rooms, virtual conference rooms, and I really do think this is the moment where collaboration is finally being built into the enterprise world and enterprise products, and then in parallel Web Jalen. Web RTC really seem to be enabling really interesting social experiments right now in terms of new social products, you have really amazing video and audio quality. So the time lag has gone who can do things that clubhouse. There's lots of interesting video experimentation. So you can see almost like degraded forms of your other things happening in browser or so I think now is a really exciting time of innovation around this new webstock. Point sneaking up on us, we've obviously had the ability to have conference calls group audio for decades. Right. But like a club house fact that there's so low latency and you've got like the visual representation of the room means that to me it's like if you remember the old days in the conference calls, Hey, always have people talking over each other partly because of whatever thrown is remarkable how the conversation switches from person to person. The latency I mean we both houses. This was zoom right like the fact that he doesn't stutter. The fact that very rarely does. It somehow Kinda Crossover. This point of good enough where finally hitting the point our in terms of video quality and the ability to stream concurrently across multiple users in terms of audio quality were hitting that point where the web infrastructure is really supporting the ability to have extra latency. A new platform excited at the examples. But when you say platform you that means you did they'll be thousands of examples. Are you think it's GonNa? Be a whole new wave that goes? By ten years. I think like any a quote unquote platform they're going to be a handful of things that really matter. That will really be the important things on it, and then a lot of things will be experiments that fail or don't work and I don't know ten years from now, what's going to be the main setup applications? I just think it is a shift that enables a bunch of applications to be built particularly the social or collaborative enterprise. One example that I think is worth noting in terms of what's coming due to see is it's quite possible that if you. Look at virtual reality or Vr the predominant use case in the near term mackey shift to the Rouser, and so I think right now in order to experience the are you need a headset you need some cases client software etcetera in. So there's more obstacles in hurdles to be able to participate and I think one of the things I found really interesting about where to seeing what jail is the ability to suddenly create like experiences where you just drop it. Can show up and so the big question in my mind is is oculus almost like the desktop computer versus mobile devices where the desktop really helps you do powerful tests, but you can do a lot on your phone and it's sort of the mainstream use case for most of the Internet today so I think that's another thing that we'll see if it happens or doesn't happen over the next decade, but that may be one interesting long-term trend to watch relative to web RTC. In. Jail. crypto rolling all involved in this allowed, you invest in Crypto Zapped new coupons company Selo in Crypto Abbasi's been my time besting. tells. A little about why you're excited about it in the second ring on. So I'll start off with general principle that I think is true for all of the technologies that we're talking about. There are certain class of technologies that increase the expressive range of a certain medium and when you increase the expressive range of a medium. Things pop up that were not possible before because you now are playing in the new design space. The historical example that I always love to point to is in the eighteen hundreds. The invention of the metal feral in painting is the little piece between the paintbrush and the paintbrush handle and collapsible easel. Those two things together allowed people to a brave paintings outside and be start to paint with a new breastroke that them too quickly DAB, paint onto the canvas in those two. Ended up, giving rise to form of painting that we now know as impressionism, and still it's interesting to think about impressionism was a result of technological advances painting and you see that same thing with the web and the Internet in general there were technological advances in the medium of text and so all of a sudden people could send texts more quickly anybody could be a broadcaster you start putting texts together with code to create different things in that vastly increased the expressive range of texts in a way that led to all of these things that you could not predict in advance. So for example, in ninety, four, ninety, five, when the web was starting to become popular, one could not imagine that. Will one day I'll be able to press the button and order my groceries on this and have my groceries come to me. You know and so I think those are really interesting from A. Technological point of view. Why I'm excited about Crypto is that Crypto does this for money? It increases the expressive range of the technology that we know is money, and that I think we'll follow very similar to the Internet you know at the beginning of the Internet. You saw allow people to pass messages. More quickly to one another across the distance in a way that was just qualitatively different than facts, and that is the first thing that you started seeing with Crypto it has direct implications to things like remittances or making the UNE banked. But then on top of that, the second implication of the web was that anybody could become a broadcaster with youtube anybody could have their own TV station and in the context of Crypto, you have the same democratization in financial services. So you see this kind of rise in decentralized finance open finance. And third is most exciting as it allows money to become programmable in the same way that the Internet allow text to become programmable and that I think, I mean we're seeing some early things today but that's I think the aspect that we're still the earliest and it has the most legs and is the most powerful and the most difficult to predict the stage. Since we're in such an early phase
"Of selling going on out there round the board. With many projects down well, well well, and truly into the double figures Bitcoin. The mock it's held its nerve the best we are seeing alt- revolt, but I'm Ching. Indefinitely in some very hefty, very hefty falls in Dade on. So these. Markets out that up old is not lost. Because, yesterday in the try to cope community. Yes. In that community. Managed to find a little short that. Didn't scan of owning and. It held Fridays and triggered and a whole host of McLaren that which is great. It was on dragging index. So de Gen-. A pay so I pay a pay per. Dragon PUP and. Let me just tell you their award. We got here so far. Just tighten from a position here from the. A Guy So wrought now. is at just after nine ago filled. On just shy of six to one. So that means of a put a thousand bucks on not tried that is six thousand dollars I am now currently up now, of course, if I was to scale out, I want to minimize my risk that still quite thirty five hundred US dollars. Cayenne yes. There has been applies to view stop-loss. So this is the thing about tried and guys it some. Way Of. Making money. Ought to have one hundred hates of tried lightly. This one set up the rules perfectly. So I, took it. Started to did a number of other people in this small letter, the bank, this morning released hedging themselves against. So further down would have seen in the overnight session. He's thing I'm investors well so yeah, I'm. To a haircut at the minute. As Mark Foaling but it's okay because these markets move in the moving waves aren't there then they moving waves and dumb. The wives is looking glow. Short that way. Let's talk about the topic now and say, we're just we sorry say just where we ails is actually up five point eight percent. Wow big move. It was actually a more to tell you that I'm just looking at the child at the moment. What it wasn't my just happened just chewed in on my computer but. A short of a one, four, candle thirteen percent will tell you right now the from where Arpan to the high the dight. We're looking at was up nearly twenty percent. Eighteen percent. Pulled back quite a bit. It's the only one. The top tennis currently bitcoins down two percents as I said the other day and I think it was not yesterday before. So the long Bitcoin grinds. The. Milwaukee Saints Debated GonNa Full. We have a bit of the a bit of a fool over not a guy just say anything here that. Inspire is any concern. Or sought -ment of bitcoin is very much during a very civil patton to what it did from of May through to the beginning will sort of the end of July. Now, that was a very sliced sideways. Period. So bitcoin, those plenty of opportunities plenty of trying to be had on the all markets and we say that again now in good trends coming in. The BITCOIN is consolidating. It really is the market is in a consolidation. It could be very boring banging from ten to eleven for a couple of weeks possibly even a couple of months like we did say back in my and it looks very, very similar to back in for my period. Mir's right now off the white and see how we got bitcoins down two percent ten, thousand, five, hundred, seventy, four nothing really to speak of that. A theory theorem full percent today three, hundred, thirty, nine dollars and twelve cents having closing yet. So of course, we haven't got the end of the die but. There is trend the reason that we interest exile pay. This was a market always stalking yesterday thought except payloads, Mabaso Radiating Austin date. It did look really really us. It was pulling back after NAS move higher now on that four outraged say anything there. So it's going to be my list today, but it is instill. So it is still. In a daily uptrend sitting at twenty four point full sense down two point five, seven percent. Bitcoin cash confuses ever
LazyLedger: Layer One Data Availabilty and Consensus Solution
"And said a Great Intro Too Lazy Ledger. Before we go into kind of. Details, from Lazy, Ledger. Curious like. What are you guys want the impact of Lazy that you to be? As I mentioned right they leisure is basically I think Leger. As a very basic layer one. I, would call it the minimum viable Laon. So if you strip back canal one to his Co. components and may the scalable as possible using existing technology? Leases that your? So. Effectively, license in simple times is basically a blockchain where people can dump arbitrary data onto it. And that data gets ordered. And the consensus don't care or process what data is. And so you says basically a blockchain for dumping data on anew and the data gets ordered. And you can use these primitive to build an all kinds of applications and blockchain's. Now. What this is really useful for what has impact for I guess to explain the overall kind of vision. is as follows. So when Bitcoin came about. The kind of vision for Bitcoin was. August technical architecture for Bitcoin was that. It was using a blockchain. For one purpose of of what application and the application is cryptocurrency payments will store value depending on who you talk to you. So it's basically a single packers blockchain. Then Came about. The idea of was Let's actually create General Pecos blockchain. where he can for every application. That kind of general purpose virtual machine where people can upset spot contracts. So those architectural visions various talk. To each other. The same time there was tenement antenna tenement was more similar to bitcoin vision. When I get tenement is that allows you to create your blockchain for your application. So until the moment, basically he wanted to a application on blockchain. This early really to waste that. The best way to do that is use a shed, his execution environment or shed computer like cerium. You code up your spot contract applets Small contracts runs on this team. guess machine the same chain as everyone else to spot contract. And thus basically the willed compute model and I, see him kind of create. The the problem with that is that. The city of Belgium sheet is very limited. In. Terms of what you can deploy on. and has very high gusts Bills Applications that the the investment machine does not native these sports success, for example, complicated catastrophe or. Perfect proofs that have native guilty and functional team, Edm. So if you WANNA, do that for the build more complicated applications. that. Support you have to basically build your own blockchain using something like tenement. But the problem with Tenement is the problem. GUESS THE DRAWBACK OF TEN DEMANDS, east? that. or any kind of he's in order to create your own blockchain does a huge overhead for creating your book convoked increasing bushing. Because you also wouldn't you create your book chain. You also have to create your own they for that book share, you have to quit your consensus later. And that consensus layer nowadays yeezy based on of stake, which is what tended provides for you. And to do takes a lot of work. You have to, for example, credit to. Make distributed decentralized may have to make sure there's evaluators until unsafe oils. So what in lesion is that as your provides A modular plug -able Laya one. That does nothing. But consensus on data visibility. Layer one that least Fischler one does not do smart contracts execution. Later they want basically those core things that they went dos and nothing else. And that makes it very useful as applicable a one. For people that want to create the earn chains, but don't want to go to the overhead of having to create a consensus network. Instead they can simply plug lays ledger in.
Kraken Cryptocurrency Exchange Gets US Banking License, Plans to Be Global Bank
"Today's guest is David. Kennedy CEO of Crack Financial Welcome David. Hey. Thanks for having me on. Laura. On Wednesday and cracking announced that it was the first crypto currency exchange to win approval to launch a bank congratulations. Thank you. It's a big day for US sister Yup. Well, we'll crack and financial the new subsidiary being launched be able to do with this status. Yeah so there's a couple of. Objectives that crack in launching this. The first one three well, the first one is regulatory. Look. We're going to be in a much better regulatory position here as a bank in a consolidated fashion without having to go state by state and the money transmitter regime or something like that now. We're also going to be as a bank to conduct certain activities that we wouldn't otherwise be able to such as serving as good control location for custody. The second reason we're pursuing this as because of infrastructure, the bottom line is the digital asset industry has challenges getting good banking partners. Now, Kraken is fortunate enough to have very solid third party banking relationships, but the fact of the matter is it's still very important for. US to get direct access the federal payment system and be able to integrate that seamlessly into our customer products and experiences. Now, the third reason is this an entirely new product and distribution platform. Again, we can offer products that we would otherwise be able to as a non bank and serve customers at such as institutions that we wouldn't otherwise be able to search. So for those three reasons crack and found this very attractive. and. So from the consumer's and or from a crypto users and what will the new crack and financial mean for them like what will they be able to do that? They couldn't do before? So for existing customers of crack at first, they won't motorist too big of a deal. They'll be regulatory update on the back end of how we're interacting with the different agencies in the US. But then we do expect them to see certain quality improvements like I mentioned before we are going to have direct access to the federal system and able to more seamlessly integrate funding and withdrawal mechanisms and payment mechanisms into our products, and so they should see an increase in quality of customer experience and perhaps a. Cost benefit as well, and then the really see the difference once we start launching products, things like a debit cards backed by digital assets, things like staking things like IRA accounts or other tax advantaged accounts things like a wealth management investment product services. The list goes on and they'll see that institutional customers roles is the big difference because we'll be able to offer qualified custody and other similar services and qualified custody would mean like for hedge funder something where they're doing that on account of accredited investors there. Last craft, and then also there's the separate but related notion of serving as a good control location for broker dealers for clearing purposes. And what kind of CRYPTO assets will cracking financial be able to hold for its customers in? Do you expect to approve those one by one or does it as I'm sure you're well aware I doesn't have to stay away from assets that may be considered securities, which has been a major concern in the industry over the past few years. Yeah. So I think it would look a little bit similar to how at first how cracking does it today which goes on has a framework and risk assessment process to go through different types of assets that are supported by it services. And as we move to the bank that would initially stay the same that said there's a possibility that we could expand that last because a bank can actually deal insecurities and commodities unlike a money transmitter or something like that. So even to the extent that there is a risk of a particular asset being deemed a security were still able to support it as a bank. So. What would you? How would you say that that would combine with this current trend? We're seeing in defy where these new tokens get launched very quickly and very very quickly become a huge market cap coins and we are seeing other exchanges such as coin base launch, a list, some of these quite soon after their formed would we expect something similar from crack and financial? I. Think it's a we'll have to see how that plays opposite new trend and the bank is just for me. I think there's two ways to look at it. One is what's going to be occurring on the track exchange and obviously that operates globally and so it's at the craft exchange level or at the and financial level and then in what jurisdiction and so obviously there's different laws and regulations and others similar dish last exchanges do the same thing. It's available in some jurisdictions and not on. So yeah, we would love to be offering things and assets as they come out as quickly as possible to the extent that they are reasonable and suitable for our customer needs obviously customer protection and the safety and soundness of our institution are absolutely paramount.
SushiSwap Has Officially Migrated Away From Uniswap After a Week of Ups and Downs
"So sushi swamp has been one of the most dramatic events in defy recently, which is saying alive because it's been an extremely eventful summer a couple of weeks ago Sushi swap forked the code of swap, which was at that point by far the largest decentralized exchange or automated market maker. However Sushi swap introduced a token on top Sushi, which would reward both liquidity providers and token holders. Then the main dove behind Sushi swab named chef. No, me cashed out after. Generating a lot of interest in the project and a lot of money for him or herself right after Sam. Bank men freed the CEO of a cryptocurrency. Derivatives Exchange. He was behind a project that is building decks on a competing boxing called Salona made a proposal to build support for Sushi swap on Salona. And then. Because of the outcry over how chef nomi cashed out chef, no media was forced to hand over the Admin keys to Sam, and then finally after all that there was a migration took place of liquidity from UNICEF hop over to Sushi's FAV. And in the end one point, two, billion dollars ended up on Sushi swap while UNICEF wop was left with four hundred million
The Crypto Security Triangle Concept
"Now in this lesson, I'd like to talk to you about how old cryptos share the same fundamental security principle, but they differ in specific details. So this is important to know because no matter how hard a hacker tries to confuse you as long as you are clear on these fundamental principles that apply to Cryptos. They won't stand a chance against you. So I, called the security triangle because. I think a good way to visualize represented this idea. At the bottom, we have the point of the triangle and that represents the fundamental security principles that old cryptos share. Think of it like the root of a tree that everything stems from. Then as the triangle get wider that represents the increasing differences between the various cryptocurrencies which all share the same route. This fundamental security principle that I'm talking about the old Crypto Shit is that your private key controls you'll crypto It doesn't matter which cryptocurrency a witch crypto asset we talking about. If anyone tells you that they need to know your private key that should immediately ring alarm bells and you should stop immediately and seek help because the is awesome. Wants drafts camping. You know what? They say better safe than. Sorry. So it's all over, he wanted to say in this lesson, I wanted to make a dedicated lesson on this particular topic to guarantee the you hit. If, included this in. The mix of a bunch of different points in the same video than you may have missed it and it's just too important for you to miss. So. Again. What an attack may attempt to do is tell you some story about how this particular cryptocurrency inuits different or based on a different technology, and that's why they need your private key in order to do this and that don't believe. This is. Also where. They're likely to appeal agreed like I said, before by saying that they need your private key in order to make money. Part of you will want to believe that but please don't right just this is not what the risk. If. You do get people saying things like that to you to stop immediately and get help from someone that you trust. And also, who knows what they are doing goes. To how many new cryptos come along they will all shared this fundamental security principle. There would have to be a pretty huge change in the technology for this to change, and if there is I will be talking about it. So stick with me. That's over this lesson
Cryptocurrency Markets On The Edge
"Good opportunities over the way Kim markets wise We did say Bitcoin close up yesterday's candle good two percent. Saturday it was Dan Hoffa percents dawdling along Napa three jot rotten. Now, we're going to bullish candidates three point, four percent backing that cradles on the weekly right. Now, we had a weekly close up point six of a percent we closet eleven thousand, seven, hundred, twenty, four, the Pisa glidden thousand Mothers Bay. The raging will be fine some support now, we not out of the out of the woods yet. We could certainly say the market come back Deepa the limb five until he breakout through the high of loss wakes candle is still in the cards. Lost Weeks was eleven thousand, eight, hundred thirty. We get above the. Will Continue to say, Bitcoin, move off to what has been. Let's be honest. We over the last couple of weeks I mean. We saw that. bitcoin strong couple of wakes up seven point eight percent beckon the twentieth of July. Then the twenty seventh of July were up eleven percent. So a guy in a strong way. The third of August, the start of August, we saw the handle up five point five non then the tenth of August, two percent. Then we would down two point two, five in the last month. Last. Week out point six of Senator Forget as well. We've got the one month the month ending. Very very shortly. Murat. Month right now it's not huge is only three cents at stands lost month mother. July was up twenty, four, point two, nine percent. So. Big. Although has A. Date pullback and hasn't gone to not for a little while you know it's it's sort of slow dead off that big Brennan I wouldn't be surprised. To say, have a bit of a run because if you consider. Aman, where are we going back to the fifth wheel of scars most of August? Look we saw a low of August the low of the month. will go the low the month was ten, thousand, six, hundred, fifty, hot twelve, thousand, five, hundred. So let's let's US Mike the two thousand. Dull. Is Not crazy now it's not crazy at all. So it could say a bit of a kick on for bitcoin at pulling back a little bit on yesterday's That's like. Too much going on. We do have a four hour tried to let it thousand, seven hundred and seventy s where we have. A very already. So kicked on again, yesterday up seven point six, five percent. Closing the wake-up nausea strong a good ten percents point seven, five percent. That's a pretty, damn strong wait there for rough sell straight back off got grease the bull the Rod has a four, twenty, five, twenty, four. Down one percent Australia kicking apply there is well. Exiled did may the ten period moving average loss wake low with twenty five point three cents and closed at twenty nine point so I closed twenty point three it's now at twenty point three point, two percent and. Is Starting to get a little bit of follow through I. WanNa see. Except to a bit more before I. Get involved in this way be SR bitcoin cash sitting back down that way a cradles on. Yeah. Loss Waking. At one point four percent loss weight but to tell you walk. Josh Soda hanging above that two seven five. Region which has been acting as a bit of support that will be very interesting to see how he guy. Throughout the rest of the way swig oversee with just starting, considering where we backing to the four hundred has an arsenal trend. With currently it's an option at two hundred and seventy dollars and fifteen cents hoffa percent. Why Coins? Well, McLaughlin had I am. A RIP Day yesterday up ten point four, two percent and ready citing lot coins wake. It did have a lar- that came in fifty, three, eighty six but ended up closing at sixty to ninety four. That's a big swing up three point. I, said last week. A really strong way ready for math from lot one of the strongest ally the. Within our top ten wetness what goes on for the time being be as Vasil. So sickening that little weekly cried align. It's look it's pretty like lost of a BS vade. Puppy tends to move hard with law of one eighty, one last week and I have to I non closing one, ninety, six, eighty, six, one, get above two, hundred on base the. That's where the the movement will start to shine on through still gonNA lower to one on six seventeen point three, five off percent cod Donna on the weekly. Will it also rejected the lows of the wake lows at ten point two cents higher at twelve point seven and closing at eleven point seventy, five so. It's up a little bit. Wrought now has a little bit late. He's not worth talking about really
Bitcoin Privacy w/ Chris Belcher
"So before we get into it, we'll start with the basics permission list. blockchain's are necessarily public, transparent and DONNAS. That's another way of saying that anyone can look at them without any sort of approval or credentials which makes them public. You can see everything that's ever happened, which makes them transparent, and while you can track what individual identities do, you can't see who those identities tie to in real life, which makes them pseudomonas. But blockchain's are notably not anonymous. It's kind of a wonky point but one worth emphasizing anonymous in this context means there's no continuous identities. So if injuries and I were talking on a cooking forum, the let's post anonymously if we were exchanging messages on a topic and then did so from one week to the next, we wouldn't actually know that we'd spoken before. That's not how most forums work though most forums and most things on the Internet are PSEUDONOMAS and while Andres might not know he's talking to me Adam. He'd see my username my pseudonomas identity block chef, and even though he doesn't know that's my real name he'd be able to figure out that he had talked to block chef before. So in Bitcoin, the situation is much the same instead of calling myself block chef on a recipe forum in Bitcoin I'm known by my bitcoin addresses, and while I might have a lot of bitcoin addresses. A lot of these Sudan's identities. This creates opportunities where privacy can start to unwind and away that sometimes is worse than you might think. For years this has been known to be a problem known to be sort of just an intractable part of the way that cryptocurrency and transparent public blockchain's work. But there have been a lot of ideas and a lot of inventions which have sort of come out which are still many in development now, which are trying to solve this problem which brings us to today's guests. So Chris with that set up that I get anything wrong and talk to me about how you're thinking about privacy these days. No I think you've explained that very well. So a concrete example Ed says people's bitcoin addresses all the PSEUDONOMAS identities it's whether coins are on and a common problem. The people do is address reuse. That's why they use the same address again and again, and again in this analogy, that's like someone using the same pseudonomas name again and again that again, an using you address for each payments on then never again is a bit like making you pseudonomas name and then discarding it you're done with it and just easy another one. So. In that circumstance, it's not anonymous, but it's almost the same as anonymous because there's no reuse between the identities it's not anonymous, but it's pretty darn close. PSEUDONOMAS swear if used correctly, there's automous identity every time however, the identities are linked together. So on the block chain, you see bitcoins flowing from one addressed to another. So it's not like the identities completely new that linked to the loans previously. As, well, as information from the blockchain, there's also leaks based on things like the person's it address. Oh maybe they've posted this address on a public forum somewhere at other leagues that come in as well. What of scary scenario where privacy is broken and like is it for an individual? It becomes scary or is it a kind of Meta threat that's really affecting the whole network when you're talking about privacy and sort of like address re-use things like that. In worst case scenario what's the thing that happens all of the above essentially so one example is if you're a regular user and you want to use bitcoin to buy some coffee, a nightmare scenario is you go to the coffee shop and Buy Cup of coffee and the person serving you can see your whole financial history so they can see income and they can see or the other spends you make. Whether you donate to such charities or anything like that. It's also problem if you'll business because that means if you untie income and. Of Public, you'll competitors could see how much you're paying your staff, how much you pay for supplies and all that kind of thing where you allocate your resources and for the network as a whole, there is actually a related problem of fungibility, which is what I did is privacy. So that's where a fungibility is a necessary property of money. So we have properties like to visibility portability durability and fungibility is just one of those. You need this to be good money and it's the property that every unit is the same as every other unit that means a good can be used as money because. It means it can be accepted for example, banknotes if you get paid with five dollars or five euros, it's the same as five years in general this particular banknote having some special thing you need to check. So the nightmare scenario there is that every time someone accepted Bitcoin, they'd have to actually look up to some kind of database to some kind of checklists check the these particular coins receiving were not for example, banned by some institutional, some government or something, and if that what's happened because these blacklist, these kind of look up tables would be centralized it would destroy the decentralisation property of Bitcoin. But Chris just being a little bit facetious and playful here. What's the problem with that? Like they're just looking at your financial history what can anyone really do about that and if you can see everyone else's financial history to isn't that only fair? Well I. Suppose Turn Back so you could Stephanie CEO Financial History please. Of reasons why you wouldn't want to share that kind of thing and going back to the examples I said of the merchant of the business who runs a business in uses bitcoin. Their privacy is an important part of their business because they need to keep secret, for example, how much to pay US suppliers or they need to keep secret other things that they do, and that's an important for a healthy economy. There's good reasons to hide things from. The public or from your competitors yeah and I think it's important to point out too that there already is like kind of an uneven playing field as far as privacy goes. If you're willing to work for it, you can have a greater degree of financial privacy and if you don't work for it or you don't know how to or you don't think that's important then you're going to be at a disadvantage compared to people who have greater privacy. Even beyond the commercial considerations I think the even greater consideration is the fact that without privacy in your financial affairs, Hugh can be easily targeted for your political associations and your political expression, which given the fact that more than fifty five percent of the world's population live under authoritarian or corrupt regimes means that it is very, very easy to suppress the fundamental mechanisms of democracy representation, political expression, freedom of speech, freedom of Association Freedom Assembly, Etcetera, simply by violating privacy, and then imposing punitive measures as retribution for political expression
Feds seize millions of dollars in cryptocurrency raised by major terrorist groups, DOJ says
"Feds intercepting millions in crypto currency said to go to terror organization millions of dollars from crypto currency accounts have been seized by the Justice Department accounts the U. S government says were used by militant groups like Al Qaeda and Isis to raise money for violent operations. Trump Administration says the groups used the accounts to solicit donations through in some cases, a bogus scam for protective equipment for the Corona virus pandemic. Crypto currencies like Bitcoin have been used for criminal transactions because they're thought to be hard to trace. Assistant attorney general in charge of national security, says the action taken there's law enforcement remains steps ahead
Feds seize millions of dollars in cryptocurrency raised by major terrorist groups, DOJ says
"The Justice Department says it has seized an estimated $2 million from Crypto currency accounts that the Islamic state and other terrorist groups used to raise money as NPR's Ryan Lucas reports. This is the U. S government's largest seizure and bobbing terrorist organizations. The Justice Department says it broke up financing efforts for three terrorist groups. Islamic state. Al Qaeda and the military wing of Hamas officials say the groups were using crypto currency accounts to solicit donations from across the globe to finance their operations. Case related to the Islamic state involves an alleged scam to sell fake personal protective equipment on a website called facemask center dot com. The department says it seized around $2 million more than 300 crypto currency accounts as well as websites and Facebook page is related to the terrorist fundraising efforts. Officials say the move will deprive the terrorist organizations of money to buy weapons and fund their
Unikrn CEO Rahul Sood on Esports Betting, Cryptocurrency
"I have to imagine most of our audience has heard you to court at this point whether it was through the Mark Cuban investment ties to crypto currency, the websites, great content or the eastwards betting explosion. It can be hard to keep up with you to court at times you're doing so many different things. The company said Classic Eastwards. Headache has traditional sports. Offerings has ways for people to wager against their Fred has ways for Gabor's to bet on themselves by you. Mode at creates simulated competitions for potential wagers I know I missing some things even that log list what I miss about you accord that else that the companies also offer. well, I mean, look at you pretty much summarized that we are. We were at a sports entertainment platform. Basically, what we're building is the future of entertainment wagering like When you think about wagering in general, there's is various areas is. There, there's like casino bedding. There's. There's. Your typical physical location, you walk into a casino and you go to a slot machine and you do something they're on. So Las Vegas Type Entertainment, all of that is changing. and then there's like sports betting what does the future sports betting look like an online book making look like? An and Unicorn is effectively using east sports in video games to create this this new era of betting because people who play video games and who are into. East. Sports are not just you know they're not kids. They're they're getting older and you know people like myself who who's in. My mid forties. I love to play Games and I I love to bet on sports and so we're sort of building the future of this face definitely people betting on video. Fares log as video games have existed I. Certainly have bet ever since I had some money in my pocket, I was putting it down challenging by Fred's various video games being Iraq cade or back the Gabe Q. OF NFL street. If feels like a pretty natural expansion of what video games are, can you talk a little bit about? The ways that you give gamers a chance to better themselves so unique. Eastwards. Betty massive thing. I'm here base of us. Vegas. We've got monuments to the value of bedding. But. What does that intrinsic nature of betting that is provided by you modes of UNICORD's thanks. How is the company capitalizing on that? Shirt. So look you know when when you think about the different types of betting, there's there's essentially three different types one of the spectator wagering, which is like ords betting where you're betting against someone or not against your betting on a match on an event that's happening that you're watching. So for example, you're watching club nine versus whatever fanatic or whoever it is you. Can you can watch match and you can place a bet on it just like you can watch traditional sport, the seahawks versus the raiders place that on that that's spectator wagering and we do that we do that really well Then there's the skill bedding staff where where you can now bet on yourself in a video game on a game that you love to play. And no one's been able to solve this away Unicorn has The way it works is let's say you play a game fortnight or League of legends or Doda you can connect your favorite video game to the Unicorn Platform and we give you odds on yourself So you're basically instead of you betting against me met you're betting against yourself. Are you betting against the house really and you're betting on yourself and and we give you odds for you to be one of one hundred for example, in Fort Night and you can go and you can bet any can play that and that's considered a skill Within those two categories, we have different types of offerings that are very unique to Unicorn. So for example, on the spectator side, we have streamer betting where you can watch streamers and you can place bets on your favorites beamers. It's very cool. We also have virtual east sports where you can watch virtual matches twenty, four, seven of East sports and bet on those. and. Then on the skill side, we have you mode as you mentioned where you can connect your favorite video game the platform bet on. Yourself. Against the House but we also have money match where, for example, you can create a a game of NBA two K. or madden or something and then challenge someone on the Internet and and then just just bat and play. It's very cool. And then, and then the third type of betting is is casino betting, which is your traditional Casino Games. So you up those three. Unicorn has the most most breadth. of N depth of anybody in the space, we've really spent the last six years building building this out, doing it in a legitimate way doing it with full regulation mind I just thinking about where the future of of betting entertainment goes I. Think we built some some big value in the brand on and the company in the platform and is this next year is going to determine where that goes. Absolutely I want to talk about regulation a bit in the future as you
Core Scientific-Ian Ferreira
"I'm an from Iran on chief product officer at core scientific. standards with scientific. Approaching two years now before that. I. Danced around a couple of other machine learning startups and spent a decade at Microsoft working in the search team. So have been around the algorithms and big data distributed system space, my entire career mostly. But do now like what kind of brought the core scientific do there? So core scientific was interesting for a couple of reasons. One is. I definitely wanted to focus on a I said, that was one of my criterion. The second was it's a very different crowd. So lot of companies. If you go and work in a role, YOU'RE GONNA start from business problems, downwards, and kind of make your way to, let's say, ten flow kind of that. You know to flow by dortch layer up the stack. In what was unique about? Of course, scientific starting from the bottom bottom. So we were studying from concrete. Our Katie P chipsets in understanding into connect said really an opportunity to get the under the hood experience. If you will the hardware experience if you will of Ai and then work your way up at once you've done that you have a full picture of everything from. Okay. This is GonNa, use this library that's going to take advantage of this silicon feature. That's GonNa be accelerated by this hardware infrastructure and Blah Blah Blah, it just gave me a really. Unique opportunity to work from the bottom up. That's really interesting. So you're like because I, of course, scientific is I, guess you boast yourselves as a structure company. Providing, a lot of resources for people to do a myriad of things that I need compute power part of that being mining, various cryptocurrencies, as well as like machine learning and so on and so forth. Today. I. It's interesting that you you take it from. These are the resources that we have. These are the architectures that may be fit to these different types of. Algorithms that are applied across the board Does that. Even that perspective like how do you approach a problem, but what does that? Learned from that. So as you mentioned, core scientific provides a hosting infrastructure is gonNA suffer services for the two primary categories. One is blockchain in the other day I. In the blockchain side were lowered down the stacks in a somewhere between Denison as service and infrastructure is a service where we host. Mining gear for customers in aside, we've much higher up the stack. So where pretty much a a past bathroom as a service. In we'll talk about that some more later, but does it kind of the two differences in we have a, you know some synergies between the two. If you start at the facilities level, not commenting with crypto and an ai gear is high, he taipower Sarah facilities are typically much higher rated than you would find a traditional data center. And the other aspects is. Around controlling heat. In making sure you can deal with these machines at in normal standard racks that you might be used to So that's the infrastructure here and then we did a couple of things around. Using Algorithms around a workload placement, we do that both in ai on blockchain. to, as you can imagine, if you look at on the blockchain side are very common workload that you might want to figure out what's the optimal coin to mind? Right. So how do you do that? You have to figure out a bunch of algorithms, ingredients? To make a decision what to mind, and we can, we can talk a little bit more about how that works in the same thing. On the AI side, you might want to run a large training job. and you might WanNa, know is this better to run on. Azure visit bidders run on our infrastructure core aws because again you have the same equations, there's a cost in the compute. Capability in, you have to figure out what's the optimal for the customers need. So that's kind of the suffer overlap we have between the two verticals.
Evan Kuo: AMPL - the Controversial Digital Currency With an Elastic Supply
"I began our journey there. But just to set the context like to introduce to your audience. Audience. What ampoules are? So the foundation is called ampleforth foundation and we have a protocol called ampleforth protocol, but the ample amp pl is actually a token. It is a non collateralized cryptocurrency like bitcoin with an important twist, its supply elastic, and what this means is on a daily basis. The token in protocol will automatically increase or decrease the quantity of tokens held in user wallets based on twenty four hour weighted volume price. Let's the mission of influence. So what was the thing that drove you to start this? What needs? Did you see it flipping? So the mission of ampleforth this to become an essential building block of an alternative financial ecosystem, and really I think what's interesting is how we came to this realization that we've been needed a building block or how we even decided that that would be an interesting thing to produce and just kind of going back to the beginning of the journey with me and brandon like I said were thinking very deeply about why bitcoin was designed the way it was because it was so obviously difficult to scale and. Two things, kind of emerged from that thought process number one, it was designed to counteract a sovereign monopoly and that was very different than our minds from say a free market monopoly. So say, for example, you're not happy with how Google or facebook function you, and I are free to go and create a search engine to our liking or a social network to our liking and compete on the open market. Now, they have a lot of advantages being incumbent, but nobody would tell us You cannot compete with Google, you cannot innovate upon facebook we're free to try. But. In the case of money, it's not the case, right? So historically, people have tried to create their own currencies like even liberty dollar meeting their own coins started used them in circulation in been stopped by the government, and that's the difference between a sovereign monopoly, and if market monopoly and one thing that struck us is that the bitcoin protocol great lengths to counteract the sovereign monopoly in being censorship persistent. Made huge concessions along the way. For this reason we think that if if the service that you're producing doesn't really require that level of censorship resistance, you might be handicapping yourself a great deal in attempting to say create a better search engine on a smart contract programming platform because of scale and usability limitations, and so on and so forth. How would you say the bitcoin protocol has restricted itself and basically you said earlier that you think it's not scalable. What's behind? That can go a little bit into technical detail. What exact you thing is not scalable. I think as a layer one blockchain. It has a limited in TPS right and as the ledger gets bigger and bigger, you run into all sorts of congestion issues and you let's say comparing to something like visa, it can't hear handle nearly as many transactions per second, and again, this is thinking back to our interpretation of the original paper title, appeared appeared digital cash, and of course, our naive understanding of money at the time was that caches that which I use. Use to purchase coffee. There's something different about how bitcoin is designed rate, but I also want to just move forward to the next point of realization that we came to, which is really important and the bitcoin protocol succeeded in articulating scarcity in a purely digital context, right. So unlike golden natural commodities, which naturally scarce by the physical limitations of the world, the bitcoin protocol was able to define scarcely using just an algorithm and that's very unique in the digital world like. Many things are scarce, digital world somebody takes a photo, it gets replicated. You can't really undo that you can't say that this is the only instance of that digital photo. So that was a really big idea and the takeaway for me. Brandon was that the the most salient opportunity to apply this sort of technology is money, and then what happened was we began to wonder about what was wrong with money rates. We saw that bitcoin has succeeded in creating a censorship resistant fix apply acid that's analogous to a digital gold. But what was even wrong with gold? Is there anything wrong? Wrong with gold and you know we really recruited a very helpful and we're super grateful for this team of investors. In advisors. You pentire capital true ventures, founder collective, even Brian Armstrong and folks from the Hoover Institute at Stamford, which is,
"cryptocurrency" Discussed on Download This Show
"Our in studio with ride Johnston and taking Jones mock Fidelis my name and changing the tone in Tyler. Cryptocurrency, stay with me. It's boring. Confusing. But today, I have cryptocurrency direct from the land of ho- quotes. There is I strange new coin that is a Harry Potter themed cryptocurrency, and I couldn't talk about. Introduced me to green take the Shaw's. Unlike some other, let's say colorful, cryptocurrencies like selfie coin and pizza coin. The actually seems to be some good potentially associated with grain. Sorry. It actually comes off the back of an even more ludicrously named in code mimbo. Mimbo wimbledon. Which is actually the blockchain system that grin will live on. Sorry. It's cold mimbo b. The land of how he put that is a spell that one can use to silence people, which is good. If you won't to them from slinging spells at your now. Stay with me the connection here is privacy mock privacy, the idea of calling this mimbo is that a lot of blockchain blockchain currency such as bitcoin on actually as private as what people think they are even there. You're identifier is a string of numbers and lettuce earn as an address agencies can actually start to decrypt that fund out who you are and track all of your transactions. So the point of mimbo is to make that not happen. It's meant to be undecipherable silencing the blockchain. So this means you can't tell if I'm a dementia or a muggle shoal show. Mock thank you going on this that. So in terms mimbo is is the environment in which green will. Anything distinguishes grin as a currency from Cy. Bitcoin or a theory or anything of that night show. Yes. Just like to explain it. As though I am you'll grandparent because show genuinely speaking when it comes to cryptocurrency. I am confused then the main salsa difference actually is the blockchain itself, it's mimbo will than grandma one things that people a client of not happy about with potential of green is that there is no Kathleen it on like with bitcoin with as twenty five million coins actually on the blockchain, but what's interesting about it isn't so much the crypt or it's the blockchain itself. So mimbo the privacy aspect around it that it'll be untraceable allegedly. But almost more importantly is that there are already they're already cryptocurrencies do this Zad cash, for example, but they know private and then grain that's the other thing about this is that one of the biggest issues around bitcoin and a lot of blockchain. Cryptocurrency is that it uses an immense amount of Dada to verify..
"cryptocurrency" Discussed on The Cryptocurrency Podcast with The Startup Coach
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"cryptocurrency" Discussed on The Cryptocurrency Podcast with The Startup Coach
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"cryptocurrency" Discussed on CRYPTO 101
"Banking system yet? It seems like every turn there's bullshit with crypto. Well, number one, I think chase does have had, but they tend to happen where the best place to steal money from chases directly into the Bank because they're holding everyone's assets there. The corollary cricket would be like an exchange, and we do see hacks on exchanges all the time. And that's just such a great place to steal money from because there's so much money sitting there and crypto currency exchange in different than a Bank. There's ways to recall even like wire transfers and things like that. These banks are like working together in a way. And yeah, there's times where like there have been swift hacks and banks couldn't get money back. Stolen, but there's a lot more oversight and there's a lot more slowness in the transactions in a way, and that slowness gives them time to realize something's going wrong. Whereas with crypto currency, a lot of it were always talking about how fast it can transfer all that kind of stuff. And that's actually a bad thing in a lot of cases. So we have this new technology with really fast transaction power and no way to recall transactions once they're on the network, that kind of thing. And so we end up having people lose money because they're trusting the new technology. Also, there's a lot of liability that chase puts on themselves. So if there's a problem with my mobile banking app, they kind of usually have liability for that and they're gonna take care of it. Whereas if there's an issue with the crypto currency while it on my phone and someone hacks in steals my credentials through that until cryptocurrency, there's really nobody that I'm going to be able to call and talk to about that. And so basically the securities moved to the edges, your own Bank responsible for all of it to questions before we get off security. My first question is. A year later after talking after working in the space after building company after you know you built your own exchange back. I think he said two thousand fourteen two dozen thirteen. Do you still believe crypto currency as occurrences? Not as blockchain technology, but cryptocurrency is the future. Yes, I am so bullish on the technology, but I think that for the issues were describing, I think we all want it to happen really quickly. People are in the space like let's go mainstream, but I just have to check with my parents like what I become trouble giving my parents cryptocurrency counter. You know, like is it really mass adoption? Ready? And I have to be honest that it's not. There are so many things we haven't gotten worked out. So I think it's absolutely the future because there's things that are better. There's property is better about it. It's it's really self sovereign money that we've never had before those properties listened on route to, sir. Yeah. I mean, just the fact like start out with bitcoin. I was blown away the first time I got into bitcoin realized that there's only ever going to be twenty one million bitcoins. So suddenly there was something that government's always had control over, which was the money supply that suddenly with cryptocurrency they don't have control over anymore. We've taken that on ourselves. We have control over that as a people together over these networks. And so. So we also don't have any man in the middle when were doing transactions online. We lost that. When we got banks online, we had talked to our Bank want to send someone money, whereas with cash, I could always just give you cash. Now we have a way to send cash over the internet basically, and no one else has to know that we're doing it. You know, there's even shielded transaction that works like z. cash and things like that where you can do private transactions, and no one even knows what you're doing, but you're sending cash instantly over the internet. That's amazing. You know that never existed before and all the other things that we can build on top of that are going to happen. It's not just money money's just the first thing, but there's social networks. Imagine Facebook being disrupted by a company that does social networking over a blockchain system, and you can control your privacy levels yourself or things like that. There's all kinds of stuff and he chance you watch the TV show Ozark. No, I wish you did because really wanna go into this because let me just purposes a little bit is about a guy who has money and do the whole thing..
"cryptocurrency" Discussed on The Cryptocurrency Podcast with The Startup Coach
"So Iran, just announced that they're going to acknowledge that bitcoin mining is an industry. I. Think it in USD terms, bitcoin boosted in pumped to over twenty thousand dollars USD Therion was over nine hundred dollars USD this week, which is, is quite a difference. And so this is on the Fiat on and off ramps that haven't really existed in Iran. But now are being discovered and so you, you see where they're inefficiencies in the market. And where there were there is good news than, you know, it, you'll, you'll see it really kind of pump and then further. To iran. There's, there's been other news in the market, as well as light Demetre fear familiar, but some wallets that have been associated with silk road were recently seen sending some, some funds are some bitcoin, too few major exchanges and. Some people speculated that, that might be associated with the dump. But then those were just shortsighted assumptions because this is actually been going on since beginning half of August, so you don't not quite it might have been the reason for some, some. Nice activity in some of the privacy coins, that's also been speculation. So I think that. We've seen a big dump as you start to watch the market. Any start to see some of these trends where bitcoin wool will be in a small uptrend up until a certain point where it encounters resistance. And then once it gets rejected than it might fall quite quickly back down to where it's got a bit more support. We'll see if we print new localized lows on this fall down is the next localized run to resistance is going to be the next bull run. Nobody really knows. I think everybody really wanted to be, but the, the, the, the market is a different time now we've got bit max, and we've got the derivative market going crazy with plenty of trading volume. Even if we did see a huge demand would we? See the same spike that we saw at the end of dozen seventeen not likely not not that hard, but as ETF's are decided upon as more projects, meet their goals in actually release invasion. I think that we've got a lot to look forward to. I think it definitely lot look forward to with more regulation, and a lot of the stuff with the deaf set. The everyone seems to be planning a lot of stuff tied to have so interesting. I think the crypto market seems to be chasing the finance market from a when anything happens in the market place. We have to justify it. So we have to come out with the story that explains it on the market went up because of this market went down because of this. It doesn't really mad or but they need to be rationalization and make sure everything is good. I just think the crypto market isn't as good as a rash at, at the rationalization yet, I, I have to agree with you, there, I think that the markets are still quite inefficient. And so even when they're. There's a bit of good news that comes out, you might see a small pump but until that news really makes it around until an opinion can really be formed. Then you might see a delayed pump later for that given coin in relation to late news. And it's, it's, it's funny how that happens because in traditional markets when news comes out, there's so much efficiency, the, you know, within within the second news has been interpreted evaluated about whether or not, it's positive or negative sentiment. There's a default evaluation and analysis on that given asset, and it's got a new, and what's generally very close to accurate result of what that acid is now worth in. So it's amazing level of efficiency. But in my opinion, it means the traditional markets are very difficult for the layman or for the retail investor to invest effort to receive alpha. Which is a return over above the, the risk compensation that they were expecting. So a lot of people are asking me. Now looking at these markets, if it's time to buy a lot of people come to me, looking at the right moment, the right deal, and I found that really isn't a sound, crypto currency investment strategies. Now, let's put all the money in now what is your advice for, though, for people asking is now the right time? Sure it's a great question. I get asked this question quite a bit is well and. It really depends because I it all depends on what your time horizon is, are you investing for the next ten years, if so, then the now's a great time to get it was probably a great time to get in before September fifth or you know, it's before this last plummet are you heavily impacted by temporary falls in the market the answer's? Yes, then you should take a serious look at how much you're putting into the market and should not put in more than what you're comfortable for, you know, with with looking out in seeing a much lesser number at sometimes what a lot of people try to do. They ask is now the best time in what they really mean is, is now the bottom is, yeah. That's all is, is now the best time has really become is going to keep going lower in, if when I say, well, it's, it should be expected that it can go lower. And they say is gonna go lower than five percent in, I don't know does that impact. To your Bill your, your willingness to go into the market now. And they say, yes, I sat right will great. You just answered your own question. If you're not comfortable with it going a little bit lower than you shouldn't put as much as but you're thinking if you are comfortable with going a bit lower, but you'd really like to be closer to the bottom, if that actually happens, then you should probably just put in some of what you're thinking of putting into in total, and you should probably plan on over time gradually adding to, to your to your pot. Right. And so you might if, if your total budget is a thousand dollars to go towards. Putting money away for the next five years, for example, then maybe not all that belongs in cryptocurrency, maybe some of it belongs in a more conservative investment. And then the part that you're comfortable with putting into risky investment than you should put some of that in the market when you make the decision to do it, and then some of it later based on your own belief and what the market is going to do. And the reason why say all this about belief about what you think is because at the end of the day. Would you coin to sleep? Right. You have to be able to sleep while on you have to be able to hold your bags with conviction when, when the markets tanking, and I'm holding EOS or credential or anything like that, right? I'm just look. I don't have everything that I plan on having in these positions. I'm an accumulation phase in, so as we see a temporary run-up. I'm selling a little bit from my position. And as we see these temporary runs down or run at runs down than or negative runs. Excuse me. Then I am accumulating more. And so if I can get a discount on the coin. That's great. And as it goes up, then I'll sell a little bit of the time. It's just in my opinion prudent portfolio management practices. And so, so do you have any advice for those looking to get into crypto currency right now? Get in getting. Yeah, it, it, it, well it if you're comfortable with it, and you've done your due diligence, and you're an adult and you're comfortable with making your own decisions than. There's usually in amount of money that people are comfortable with losing, or paying for the education. So if that number's one hundred dollars three hundred dollars in Brinda, bitcoin, or put into tether or put it into theory, and then branch out into some of the other old coins, you you'll find that you'll start to keep up with the market more you'll find that you'll keep up with development with specific projects. You'll find that you'll start to become a bit like. The expert if you will amongst your inner circle. And so the reason why I say that is because when you have skin in the game, then you'll keep up with current events because you wonder how that's going to impact, you is your hundred dollars worth eighty five. Now, is it worth seventy super thick? Is it worth ten dollars now? And then if the answer is ten dollars than congratulations, you've probably just destroyed a bunch of value. But you've taken a lot of lessons along the way. And so if you were to now put a new hundred dollars in would you I, I would expect that your newfound lessons would help you turn that hundred dollars in two hundred ten or one hundred twenty it's been fun to watch my friends take, first of all, take three months to get into buying? Sure. One, that's a whole other discussion and to once they actually put some money in twenty hundred bucks now, you know, a few thousand couple thousand here there berry. Much interested in tracking. They know you know, Tanner twenty different coins and the really following all the stuff that's going on. That's right. Yeah. Definitely depending on your risk tolerance. Throw one hundred bucks into something, and whatever you're comfortable, using generally say twenty dollars the people who are okay, because people see the price bitcoin was at sixty two hundred US today this morning. I think anything I don't have that much money. Well, you don't have to spend that much money, you can get in at one hundred or two hundred and what have you and by fractions of the coins, if you're somebody who's involved in the crypto spirit and you talked to somebody who's not involved. Please find a way to tell them that they can buy a hundred dollars or twenty dollars or ten dollars worth of bitcoin without having to buy the whole thing, very few projects or coins out there require you to buy whole tokens. It, it really is not a it should that should not be buried. Andrea. You're absolutely right. I've spoken to plenty of people who were very surprised in all of a sudden encouraged about getting involved when they learned that they didn't have to get in with eight or nine thousand dollars Canadian 'cause it's a big leap to go from. I think I'll give this a try to I think I'll put a significant portion of money into cryptocurrencies. Yeah, I agree. And so, I think just by some get a wallet start tracking it, you know, do your due diligence. Find out what you like what you don't like and, and it quickly becomes a addictive. Are there any resources blogs books or newsletters that you had found useful? If people are trying to learn more and get involved in this community. Absolutely. Actually, there's, there's nothing that can replace the human interaction. So there's plenty of events in her on the GTA. There's plenty of events Vancouver. Montreal. Calgary. It's, it's really important that people go to meet up or go to event, bright. And in just search bitcoin cryptocurrency these couple of hot words that will will spring up these events. You've got your own event that goes on a Toronto cryptocurrency conference. That's right. That's the one. And so, I know that I've met plenty of very impactful people there that I've been able to keep in touch with the bitcoin bay, these communities are very welcoming it. That's the best part is it is a close knit community like you mentioned before, but it's a very inclusive and very welcoming one. And so everybody starts someplace and you're likely to meet others that are just getting started. You're also likely to meet a few veterans it, but you're, you're guaranteed. Learn a few lessons. And when you go to these events talk to as many people's you can, you'll be surprise, you know, a lot of people who are dressed up in the in the suits, and whatever they're just getting in and they're. And they don't know what they're doing. And you'll find that the guy in the hoodie over there. He has eleven brick and mortar bitcoin banks, and he's doing this and doing that. And like these people are doing some incredible things all over the map and I see them coming to my events into other events and their stuff going on. So we have an events page Toronto starts dot com slash events. Go, so go check out the stuff that's going on there. You can see all the stuff coming up in the next month. Absolutely. And then to that point to the online communities are rich with information as well. So you've got read it. You've got certain telegram groups that you'll eventually start to discover through these actual events and through read it. So what's up groups telegram groups as well as we chat groups, depending on what region of the world urine? So you were getting to the end. This has been pretty long. It's been great. I'm giving me last words for audience. Sure. So it it's really important. Everybody. Keep an open mind to things right. I'm this coming from somebody who had very closed mind at one point. And I realized how much I missed right? And so it's just it's really important to keep an open mind to things and be skeptical ex- explore, but be cautious. Cryptocurrency is rich with with innovation and opportunity. But it's like anything else, it's filled with plenty of Trump's to in, so it supporting to just come to navigate as best you can. Great advice. So people wanna learn more about you, and who OB. Where do they go? Sure, says easiest to follow us on in our telegram group, so who will be official Canada, three words who will be official Canada. Could search up our telegram group is usually got pretty good conversations going on. You can ask questions interact with or moderators and interact with the community there, you can also follow us on Twitter at who'll be Canada, so it's H. U O B like Bob, I like indigo Canada, as well as you could follow or keep up, with are sub Reddit, which is also who will be Canada. And I'll have links to all those in the show notes then ran for coming out to take on talk to us today. Thanks so much for having me. It's been a blast..
"cryptocurrency" Discussed on The Crypto Street Podcast
"And and then you know of course looking into other crypto currencies to make sure that the the users that you know sort of the active community of cryptocurrency enthusiast still feel like they're they have a home on purse with the currency that they they wanna use one thing i've wondered about so let's take a coin like minero for example i love minero i love the concept i think there's an addressable market that's really big for going like that but i don't really see minero ever getting listed on coin base or now circle with i mean it's already on polonia maybe that's around is but how are these like big regulated entities going to like your guys included do you ever see yourself implementing minero compatibility given that it's an honest and it's hard to trace and maybe that you know brings up tax questions and illicit activities questions or have you guys thought about that or we do have to think about what we can't like thir so we don't actually you can't buy bitcoin on purse because then we'd be regulated as an exchange right and so we have to think in terms of which other cryptocurrencies we may support we have to think about that exchange to because then if you actually can trade bitcoin for jordan coin right will then are we in exchange there and how does how does that impact the regulatory environment how does that impact our users also you can connect up shapeshifts and technically by on purse with whatever other cryptocurrency want by by making that connection but i think for the most part the company position is to try to avoid the politics as much as we can because we wanna make cryptocurrency useful we want that to be a sort of a very inclusive mission of different people in the community that are you know you mentioned roger very like he's a he's an investor of purse and he's like everyone knows he's like really into bitcoin cash.
"cryptocurrency" Discussed on 1410 WDOV
"Is is very empowering now the fact that you would have a cryptocurrency its use is only as good as the supplier being able to take it right yes so there's a couple of things about cryptocurrency that or sort of myth so one of the myth is that if i ever cryptocurrency the the only value of it is if a lot of places would accept it as for transactions so unless a lot of different people accepted as a transaction in flocking to have a value and that's not really the case that the main question is is that cryptocurrency going to have a value in the trading markets that is could i use one of these other coins like one of my favorites which is going for a buck right now is called ripple ex r p and some people see abbott ripple only works in the banking system can old transfer money between financial institutions true but you can also accumulate ripple and use it to buy bitcoin or any of the other coins so one of the uses of a digital currency is to be able to hold the value and then use it to by other digital currencies interesting that that that's a set seconds separate paypal the value outside of being able to use a transaction we like you know paying for your dinner and whatnot what's your gas and take on the stock market you know i i personally think the stock market is extremely overvalued right now uh if i were someone than had a lot of money in the stock market which i don't 'cause i'm on the direction of cryptocurrency right now i would be very cautious i mean i would add a minimum take half my money off the table there are so many things i mean not the least of which are rising interest rates but when you look at what's happening with the national debt and you look at the.
"cryptocurrency" Discussed on WVNJ 1160 AM
"Load one you guys are offering two token eyes currencies absolute there's one just to be clear thank you there is one which is you own the monetary system which is the load coin by depositing silver into the system right and on the other end it creates damani money which is the ag ex going and you if if you have silver and you deposit into this system yeah you get both both of those token knows you on the system itself so to give you an example he and i think it's going to be easy for our european poll to understand let's say that you buy a venue art together we put silver into the load coined and we all know vineyard nar give a share you have a sharebased you have a share those are those shares tradeable orna yes they would be okay coins will be obviously traded and platforms on cryptocurrency platforms and people will be able to skip speculate on it now you use the term token does that mean this is all based on a theory i'm or it is stoking base coin load the load coin is an erc twenty would i say that yeah okay here's a here's a trick we've been adopted by many a theory him alliances people dco disruptive load project can be to change the world well this could very well certainly change the silver market like this opportunity for people to use silver or even just have possessed more silver more easily things like that this could potentially drive up the price of silver certainly drive up the price you're going really well administrated well it in time it ten exposed that lie regarding the regular market the win do it has to be unblocked chain everything will be open and sent decentralised when you talk about the the manipulation you mean where companies will sell you silver i'm putting quotes around that parts per yeah and then they don't actually have it in the vault to back it up that's what's been going on with gold and silver through tmfs and all future contracts market sentiment received so you're saying the this will all be public it'll be only a theory unblock chain it'll be auditable and.
"cryptocurrency" Discussed on Programming Throwdown
"If that copy is wrong or if that cockiest forage or fraudulent than there is obviously going to be a problem uh blot chain is the technology that kind of underlies all this cryptocurrency stuff that everyone's talking about and what it really is is is meant to be a trust list system right and i i see trust less empty and it's also decentralize because it basically works like this instead of one person having one copy of a ludger instead think of it as maybe we've got this whole network of people right in every time a transaction happens stat transaction gets recorded to the ledger but it is get record to one ledger it gets recorded everyone's ledger at the same time in the legers are always sinking ray and so there's not one person with a right or wrong copy everyone has the same copy and it can't really be forged because everyone's copies the same so so that's basically the premise of law she and distributed ludger technology now cryptocurrency is one use case of blushes and and you can really have many different use cases it i can cryptocurrency is just uh you know one of the more popular ones because basically you know back in i think was at two thousand eight two thousand nine uh in anonymous person uh everyone cause them to toe she basically came out with this white paper that introduced this technology and the way the introduced it was through a cryptocurrency and that cryptocurrency as everyone knows today is bitcoin right and so this anonymous person put this thing out into the world aaron slowly slowly slowly it'd be camp began to gain adoption but then when people or reading about it they're like while i'm gonna make white own cryptocurrency and so that's why you have these things called ought coins alternative coins rights so you know um you not only have have bitcoin today you've got things like doj coin and all these other coins to there's a lot of different types of cryptocurrencies through on sandra booze out these this is one thing i've always wondered is green booklet what's his thought me and.
"cryptocurrency" Discussed on Programming Throwdown
"Episodes 74 cryptocurrency and smart contracts with a new went take away patrick everyone we're here with amy the ceo of sage wise in were clavier of what is obviously a much discussed topic of the day with the anything dealing with cryptocurrency seems to make people excited and increasingly more peers and random people we meet tend to one to perk up and involve themselves any conversation involving that mostly because i think they're going to get rich anyways so any why don't you take a second to introduce yourself in a tell us which you what you're doing sure sarah thanks so much for having me on the show guys may name is amy wanna i am founder and ceo of sage wise which is a dispute resolution infrastructure for smart contracts my background is actually i'm an attorney by trading so um you know i survey career off in the federal government during international affairs international regulatory and trades type issues when i moved from dc back to california there were obviously know free trade agreements to negotiate out here in california and so you know kind of had to start my career all over again um was basically general counsel an employee number one of an early stage you'll see crowdfunding started up and then from there i went to become partner at a boutique securities law firm and got two point in my career really where are i just couldn't imagine practising law um the same way for you know the next thirty forty years so i actually left my partnership by law firm and started this company in the original purpose of this company was really to automate my job as an attorney so that's what i did i pushed out software that would oughta the drafting of small in a real estate funds real estate private equity funds crowdfunding syndication funds but um.
"cryptocurrency" Discussed on The Complete Guide to Everything
"Your cheap eu is just the in like it is it to now is it three now is four now five and bay and finally somebody gets it right six usually it's years six but by then mercer mostly is run by the up cryptocurrencies run by the devil in the crypt you could i'm sure there are people out there think bitcoin addresses are the number of the beast mm uh oh but we know from iron maiden that six six six of the is the number of the began so we know from van halen that six six seven is next door to the devil developing advani on the dea go ahead look it up i want to listen to you tug lurd at uh that's not a thing iron maiden maybe the idea said iron maiden they know that so you're guessing at an answer neighbor but by guessing you're also vis verifying the other uh cryptocurrency exchanges and if you're right there is a new bitcoin oh i'm sorry of is trying to look up six six to have a neighbor of the beast why does that have a picture of a like a condo light bats actually were the beast lives it's eight is apparently a sitcom points i don't know down i wanna yeah probably look i on the blues here's her involved this was a yoruba dan fiction wikipedia here i am seinfeld israeli does here know this is fake tom i am i'm gonna i'm gonna i'm gonna call inaudible and go back to what you were saying so that's how it works at tel you're like germany new tweaks i'm going to get about six six seven neighbor of nod is raised you're going to get about bitcoin.
"cryptocurrency" Discussed on Bitcoin Crypto Mastermind
"Testing the mastermind so i'm just gonna let a few of you in at a low price and it's already filling up quickly so if you want to get in i'll let a few of you in so go to tie lopez dot com slash bitcoin podcast all one word by lopez dot com slash bitcoin podcast if the course is closed when you get to the page put in your name in the waiting list you missed out on the first round uh if you see it welcome to the group glad you didn't procrastinate okay back to the show proof of work meaning there are mining rigs that generate a certain amount of hashish is based upon the algorithms complexity and assuming that the algorithm has a difficulty bomb which mathematically years illustrated quite simply as a logarithmic difficulty curve it becomes increasingly more difficult to increase tokens and distribution fire hash reward hints the chart tends to operate as a lager rhythm or a log function okay so that's calculus but in terms of basic parlance for those in the cryptocurrency community we call it the difficulty bomb and this terminology is usually specified in the distribution mechanism distribution terms it's usually inside of in most white papers ice in some cases where you know it's excluded all the talk about us the technology concept but not necessarily the distribution schedule and stuff like that but this is very important to know because without it you don't know how much a dilution you might experience as a result of new token issuance is down the road whether there is a cap on the number of tokens or cryptocurrency or if the cap is going to be unlimited meaning that people could use proof of steak proof of work to keep mining for them forever you see a lot of different case scenario so again distribution and distribution terms are very important you have to look for them in these white papers that you understand what the longterm potential of these cryptocurrency projects are going to be.
"cryptocurrency" Discussed on The Nice Guys on Business Podcast
"Some reality is a lottery aladi how is this thing called cryptocurrency just go one on one with me what is cryptocurrency let's start their younger go currency from a higher level i'll i'll i'd striving his digital currency you know we have a lot of these you've seen mb three players ucf nba jazz transition to digital methods of transactions and i think that's really what cryptocurrency as it's real to put it simply joy the ability to transact money digitally without the need for a third party so you don't need to go through a bank you know go need to use a bank application and you don't actually you need to have a bank account um you actually it can have a what's called a cryptocurrency account and it's a that often times referred to as an address as well so you have what is called a public address i have a public address you would have a public address and i could simply send various cryptocurrencies between those addresses any it happens using cartography the arms make sure it's only secure ryan it happens almost instantaneous and you and i can do business together and we don't need a middleman to say take vis out of the middle or delay the process or those types of things so that's really what cryptocurrency is okay so maybe i'm just coming at this from a different perspective in i'm gonna i'm gonna ask us without any kind of i mean again the scepticism to a certain degree but i i know it's legit i mean there are companies that are out there that are that are doing this and it is legal but the question is how is illegal wise illegal and why for example can we not do this for anything but i wanna make secure like salmon or swing bicycles or iphone half i mean how is it that what is special about cryptocurrency yacht right now we're still in duberry early stages so i think that is one of the things that's ghana holding holding back some of the bigger players that the bigger merchants from being able to accept cryptocurrency the also that the technology is new and it is a challenging technology.
"cryptocurrency" Discussed on Social Media Money Makers
"All three work in trade in a similar fashion but there are some differences between them at the time i'm recording this one bitcoin is worth about eighteen thousand dollars one a theory on is worth about eight hundred dollars in one light coin is worth about three hundred fifty dollars there's tons of cryptocurrencies there's hundreds in fact one of my best friends came over the other day we're hanging out talking about cryptocurrency and he said he had recently invested in a chinese cryptocurrency called tron i said how much trauma trading for now he said well when i invested it was at three cents and now it's almost out five cents so his fifty dollars is now worth about eighty dollars so if you're not that into a theory on light coin or bitcoin you can do you research and find other cryptocurrencies online that are trading for less than a penny or you can stick with the more popular cryptocurrencies which i personally have been doing just because it's easier to track in their more established and readily available well i think i should also note that just because one bitcoin costs eighteen thousand dollars that doesn't mean that you have to pay eighteen thousand dollars to get involved you can pay twenty dollars and owned just a small fraction of a bitcoin it's just like the stock market so you can invest ten dollars five dollars you can vest a hundred thousand dollars just like you would in the stock market here's what i'm doing and not advising you to do the same i just received lots of questions asking about this that's why we're here talking about bitcoin and cryptocurrency and a lot of people have asked for what i have personally done and here is i've invested a few hundred dollars a small now not my whole savings and not anything that is going to greatly impact my life if it goes to zero is it possible that cryptocurrency and bitcoin and light coin in a theory 'em all bottom ongo two zero no it's extremely extremely unlikely is it likely that they're going to spike like they did at the end of november and go up.
"cryptocurrency" Discussed on Future Tense
"How many times have you done this today facing paying for your kofi you'll learn shield bills in fact paint that anything is likely to be a very different experience in the future one of the possibilities is that we will digitized money make the move to cryptocurrencies you've probably heard the term and seen stories about bitcoin maybe even a theory of them and bits of news round governments attempting to regulate currencies but do you know what they all how they'll work and the changes that may come with them dear with her eighth to spat cryptocurrencies and whether you know anything about cryptocurrency hood frighten not not ray who he was nothing backing cryptocurrencies by storm blac chyna this way pittsburgh currencies loan zilic select with coins so big like bitcoin uh no i'm doing a stalled this is feature tents and this week i'm hoping to make the confusing world of cryptocurrencies a little claire for you before we can even begin to get our heads around cryptocurrencies we need to take a closer look at the technology behind it most of us have heard of block chain but how many of his really understand it created by a person or group of people under the pseudonym of cibitoke she nakamoto dog chain is a digitized decentralised public ledger historic fee we've only created in introduced new ledger systems won't 70000 thousand years also and every time we have monumental changes have occurred from professors imports director of the book churn an aversion hubbard armata university here in melbourne sir as far back as as we've heard economies and we've had history move had ledger technologies using numbers to records transactions about the fourteenth century we developed doubleentry bookkeeping which.
"cryptocurrency" Discussed on Listen Money Matters
"It's hard to say it's hard to say what the regulators are going to do with with bitcoin specifically in cryptocurrency in general it's hard to say i i got into the needs just all that the yeah so at an al will abortion up the put a little bit in it just to see let me let me ask you we there is bitcoin and then cryptocurrency what is the difference okay these are also terms yeah so i guess to put the things up front what i want to explain this episode since we had such a messy opening here i want to explain what bitcoin is what a cryptocurrency is i want to give a brief explanation of the technology that enables it to work in the way that it does um it's a combination of several different technologies and then i wanna maybe give leg some options for getting your hands on some but not necessarily a recommendation to do so because i feel like if we dislike skip over that part than i don't know people my go do really dumb things to get it we'll get into our feelings later because i i ask strong feelings give strong feelings about it i i thought i was texting you were like this should is a bubble it's stupid i guess we won't talk about it up i had a so interesting uh things still i quote in whatever but so gay tell me about bitcoin and the ballot timbers or what is the release into cryptocurrency.
"cryptocurrency" Discussed on Freedom Fast Lane with Ryan Daniel Moran
"Only has to do with the fact that for you know we've just decided that it it's a store value but it's an idea like everything else but i think that cryptocurrencies take this problem to a whole other level in terms of just you're thinking that something has value i know that they try to grounded in an algorithm and it's supposed to have all these safeguards built dan to avoid know reproduction and all manner of other things but i'm still a to say something somewhat sceptical these could be you know famous last words but i remain a sceptic about cryptocurrency yeah i also feel like people are buying it retail right now and it's almost like they're hoping that fire by opec and time and capture the growth that they missed out on any i wish i had bought ten sentenced to an hour or two thousand but i didn't and need buying it now does change that fact so if you're trying to catch a trend that they have no control over that makes me i also have sort of a different fundamental problem with say you know bitcoin for instance now understands that the bitcoin program the way it works out like he's fewer and fewer bitcoin's or becoming available at some point there won't be any more at all and then supposedly are going to have the president's president's gonna skyrocket i guess what my concern is like every other commodity that there is in the world in a capitalist system when profits her you know off the charts on something that invites competition and i don't see how bitcoin can maintain essentially a monopoly position in cryptocurrency forever and it will just have to invite competing currencies and then once that happens then the value of bitcoin's is going to go down because they don't.