Episode 175 – Musk wants Mars, Bitcoin Unlimited’s Minimum Viable Hard Fork, Yo dawg I heard you like bad beer

Miller and Budweiser now owned by one massive company. Wells Fargo CEO sentenced to 3 years in prison for banking scandal… just kidding, he was given a slap on the wrist. Facebook is going to help feed into Middle Eastern anger by censoring arab discontent. The Federal Reserve is terrible at economics. The Internet Corporation for Assigned Names and Numbers is going independent. HP ink cartridges will soon have the DRM hacked and a cheap workaround publicized. Bitcoin Unlimited hashrate is on the rise and sights now turn to the Minimum Viable Hard Fork to spin off the main Bitcoin Core chain.The Japanese version of BitPay, called Coincheck, is allowing users to pay their Utility bills with bitcoin. Dash version 12.1 heads to the testnet and heralds some big changes in the coming updates. Fortune magazine covers Vitalik Buterin, twice. To SpaceX and beyond, Musk wants Mars.

We’ve written out short overviews of the topics discussed on today’s show below; be sure to listen in to the whole podcast to get more information, insights, and thoughts on each of them from JJ, Darren, and Randy!

Stream this episode of Neocash Radio here:

Direct Download – Neocash Radio Episode 175 (MP3)


Tune in to Neocash Radio every Wednesday night and
RETWEET ALL THE THINGS @NeocashRadio!

Subscribe to Neocash Radio
on iTunes / SoundcloudStitcher / and Google Play Music!

Upcoming interview with Matt Simon of the Marijuana Policy Project   Marijuana Policy Project
We’ve also got a special bonus episode this Friday: Darren and Randy sit down for a conversation about “The Painful Economics of the War on Drugs” with Matt Simon, New England Political Director and Legislative Analyst for the Marijuana Policy Project!


Traditional Markets
Gold $1322
Silver $19.19
Oil $47.28
Dow Jones 18,339
30 Year UST 2.289%

Crypto Markets
Bitcoin (BTC) $604
Litecoin (LTC) $3.84
Ether (ETH) $13.29
DASH $11.59
Monero (XMR) $9.35
STEEM 0.00084094 btc (~$0.50)
AMP 0.00027450 btc (~$0.16)
1 Doge = 1 Doge

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Episode 174 – The Federal Reserve has no exit, Ethereum Devcon 2 & more!

Bayer buys Monsanto with largest all cash deal on record. The New York Police Department has used civil asset forfeiture so much that it’s outdated computer system, allegedly, cannot even calculate the amount. The US government wants Deutsche Bank to pay for the financial crisis of 2008. The Wells Fargo executive in charge of the unit that made headlines with phony bank accounts walks away with a $124.5 Million dollar paycheck. Credit unions are looking more appealing in light of the recent bank scandals. The Federal Reserve has no way out of the terrible bailout strategy. A Federal Judge has ruled Bitcoin is money. The Bank of England and PricewaterhouseCoopers are looking to adopt blockchain technology. Synereo raises 3 million so far with a recently started fundraising campaign. We talk quite a bit about the latest news with Ethereum. Roger Ver’s Bitcoin.com pool mines the first Bitcoin Unlimited block.

All this and more on Neocash Radio episode 174 on September 21st, 2016!

We’ve written out short overviews of the topics discussed on today’s show below; be sure to listen in to the whole podcast to get more information, insights, and thoughts on each of them from JJ, Darren, and Randy!

Stream this episode of Neocash Radio here:

Direct Download – Neocash Radio episode 174 (MP3)


Tune in to Neocash Radio every Wednesday night and
RETWEET ALL THE THINGS @NeocashRadio!

Subscribe to Neocash Radio on iTunes / Stitcher / and Google Play Music!


Traditional Markets
Gold up $1337
Silver up $19.81
Oil up $45.62
DOW Jones up 18,293
30Y UST down 2.378%

Crypto Markets
Bitcoin (BTC) 597 Down
Litecoin (LTC) 3.77 Down
Dash 11.48 Down
Ether (ETH) 13.36 Up
Monero (XMR) 10.15 Steady
1 doge = 1 doge


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Subscribe! Neocash Radio now on Google Play Music, iTunes, Stitcher, TuneIn, Blubrry, and more!

Exciting news! It’s been busy here at Neocash Radio HQ — we’ve actually been using a new studio we’re constructing in Manchester, NH! We’re now posting new episodes every Wednesday night, not Sunday as in the past.

JJ and Darren have delivered Neocash Radio each week for over three years, and they’ve agreed it was time to start looking at how to best grow the show and produce more important content for their loyal listener base. They’ve also added me—Randy Clemens—to the line-up as a new co-host! Hi!

We’ve also seen some nice equipment upgrades to tune our sound in even tighter, and we’re also in the process of getting set up for video podcasting in the near future, not only for the weekly show, but also to bring you breaking economic, cryptocurrency, and blockchain news/updates throughout the week.

To ensure you don’t miss out on the latest world economic and banking news as well as updates on blockchains, Bitcoin, and other cryptocurrencies, make sure you subscribe to our feed! We’ve added a few new streams recently: you can now follow Neocash Radio on Google Play Music, iTunes, Stitcher, Tunein, Player.FM, and Blubrry!

neocash-radio-podcast-google-play neocash-radio-podcast-itunes-subscribe

Are there any other platforms you’d like to see us on? Send us a note: darren@neocashradio.com or tweet us @NeocashRadio!

Episode 173 – Another huge bank scandal, IMF smells an uprising, and blockchain innovations soar

Here are the TL;DR headlines from today’s show:

Phony bank accounts a normal thing for Wells Fargo. Friday stocks drop but perhaps the news is being overblown. IMF managing direct warns: the natives are getting restless. Euro-zone is seeing price inflation for food. Finland tests out a basic income. Lykke Initial Coin Offering is underway, will it float? 2nd Largest BTC mining pool setting up a new pool for open-sourced testing of new mining techniques. SegWit is being criticized for the soft-fork approach. Is that a blockchain on your telephone pole? Utilities and the blockchain. Ethereum Classic is still kicking but for what and how will they innovate better than ETH?

All this and more here on Neocash Radio episode 173! Recorded September 14th, 2016 in Manchester, NH!

We’ve written out short overviews of the topics discussed on today’s show below; be sure to listen in to the whole podcast to get more information, insights, and thoughts on each of them from JJ, Darren, and Randy!

Stream this episode of Neocash Radio here:

Direct Download – Neocash Radio episode 173 (MP3)


Tune in to Neocash Radio every Wednesday night and
RETWEET ALL THE THINGS @NeocashRadio!

Subscribe to Neocash Radio on iTunes / Stitcher / and NOW Google Play!


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Episode 172 – Debt, Default, and Army Accounting

Here are the TL;DR headlines from today’s show:

G20 news. Andreas Antonopoulos has a new book out. The state of Florida is confounded by bitcoin. Apple arbitrarily denies Dash from Jaxx wallet app. New TV show starting that focuses on cryptocurrencies. We go over some objections to Bitcoin. Puerto Rico misses payment on interest headed toward default on principle. US Army engaged in criminal accounting and possible money laundering. European Central banks just can’t get enough money printing. Crisis-Torn Venezuelans Opt For Dash and Bitcoin. 51 crew attack low hash-power ethereum blockchains. The FBI wants to have access to everything, everywhere…

All this and more here on Neocash Radio episode 172! Recorded September 7th, 2016 in Manchester, NH!

We’ve written out short overviews of the topics discussed on today’s show below; be sure to listen in to the whole podcast to get more information, insights, and thoughts on each of them from JJ, Darren, and Randy!

Stream this episode of Neocash Radio here:

Direct Download – Neocash Radio episode 172 (MP3)
Subscribe to the Neocash Radio podcast on iTunes!

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Episode 171 – Steemit Skepticism, Federal Reserve Interest, and BlockStream Won…

Here are the TL;DR headlines from today’s show:

The Federal Reserve is playing with interest rates. Steemit introduces promoted content and we are looking for a wallet to HLOD Steem currencies off the platform… is Steemit decentralized? Civil asset forfeiture is too hard to give up for Police in New Mexico. Lots of Ethereum news, you should give a listen! Imagine if Ethereum and Steemit had a baby blockchain, you may end up with Synereo. One prominent Bitcoin Miner proclaims Blocksteam has won the Block-size debate and we lament the fall of Bitcoin. More details on Monero.

All this and more here on Neocash Radio episode 171! Recorded August 31st, 2016 in Manchester, NH!

We’ve written out short overviews of the topics discussed on today’s show below; be sure to listen in to the whole podcast to get more information, insights, and thoughts on each of them from JJ, Darren, and Randy!

Stream this episode of Neocash Radio here: 

Direct Download – Neocash Radio episode 171 (MP3)
Subscribe to the Neocash Radio podcast on iTunes!

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Episode 170 – Bitcoin Core Update, 5th Quill Studios, What’s Monero?

Neocash Radio switches from Sunday to Wednesday nights and officially welcomes an additional co-host for future episodes: Randy Clemens! Here are the TL;DR headlines from today’s show:

California lawmakers shut down again by EFF. Golem releases code, advertised as the AirBnB for computing power. Poloniex de-listing 27 altcoins. The state of Florida appeals the decision of a Miami judge that ruled Bitcoin was not money. $25 Million in DAO funds still unclaimed. Bitwala adds Dash and Steem to their Bitcoin wallet, Ethereum is on the way. A closer look at Bitcoin 0.13.0 and what it means. 5th Quill Studios launches with a great Bitcoin explainer video. Germany warns it’s citizens to stock up on food and water for an impending emergency. And we take a first look at Monero!

All this and more here on Neocash Radio episode 170! Recorded August 24th, 2016.

Direct Download – Neocash Radio ep170 (MP3)
Subscribe to the Neocash Radio podcast on iTunes!

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Episode 169 — A massive dump of US debt & Bitcoin issues a warning

JJ, Darren, and Randy discuss Hardware wallets, the massive US Debt, ride-sharing apps getting taxed to support the taxi industry, a discrepancy in the Dash blockchain, hacking the NSA, and more here on Neocash Radio Episode 169, recorded August 21st, 2016.

Direct Download

Traditional Markets
Gold $1342
Silver $19.25
Oil $48.57
DOW Jones $18,552
30Y UST 2.2869%

Crypto Markets
BTC $580
LTC $3.60
Dash $13,19
Ether $11.15
1 Doge = 1 doge

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Why I Won’t Encourage Businesses to Accept Bitcoin

There are several reasons taken together that lead me to conclude that I should not promote bitcoin to businesses.  Here in New Hampshire there are several businesses that accept bitcoin and I have taken advantage of this fact.  The environment that I want to live in would have even more businesses accepting bitcoin.  However, I won’t promote that businesses accept bitcoin.

Businesses exist for one reason

Businesses exist for only one reason, that is to make money.  As with any voluntary exchange, all parties should benefit.  If you sincerely believe that any extra business that accepting bitcoin would bring in would cover the costs associated with accepting bitcoin, have at it.  Large businesses with many employees might incur a significant training cost however.  Efficiency is difficult to obtain for any business, and introducing outside factors could disturb that efficiency.  It’s hardly ever clear that an extra $100 or even $1000 of sells would make the transition worth it.  This is even more dramatic for low margin businesses such as food service.

Bitcoin cannot support more use

Even with only small 300 byte transaction, bitcoin can only support 175 million transactions in a year.  This means that about half the U.S. population (or 2.5% of the world population) can use bitcoin at most once a year.  This is a hard cap, there is no more capacity without changes to bitcoin that are slow to be rolled out, in my view years late.  As bitcoin gets more use, this problem only gets more severe.  Without being a business that appeals to bitcoin users, this is a small number of possible transactions to promote a business try to capture.

Network congestion makes fraud more likely

During peak use bitcoin blocks can be full.  This results in transactions with lower fees not being confirmed.  In the worst case a transaction will never be confirmed.  This creates an environment where double spends are possible.  What’s worse is that accidental double spends are possible.  What used to be the result of a malicious individual can now happen without trying.  “No double spends” used to be a selling point of bitcoin.  Now it can no longer be assumed.  It does not seem that a solution to this problem will be forthcoming.

Technical knowledge is daunting and helpful

When promoting bitcoin to a business owner, there should be a desire to provide full disclosure.  Two years ago, it could be said that there are reasons payments could not go through, but that’s unlikely.  Today this statement cannot be honestly made.  Given enough time, it’s certain that a business will run into business will run into problems.  Having the technical knowledge can help.  Rebroadcasting a transaction paying the business could help mitigate this problem.  However, this puts the onus on the business owner.  Because the bitcoin network is unstable, explaining the technical facts becomes more important and more difficult.

Bitcoin may be right for some businesses

Of course this argument does not apply to every business.  Businesses based around bitcoin probably will still need to accept bitcoin.  Also online businesses may want to accept bitcoin because of the ease of payment it offers customers.  Online businesses without instant shipping can avoid pitfalls of the bitcoin network congestion quite easily.  The internet remains the natural habitat for bitcoin.  I also feel that a business owner that likes bitcoin for ideological reasons may want a customers bitcoin expertise.  Most hurtles are removed if a business owner finds value in bitcoin independent from their business.

Consider the merchant expierence

If a merchant integrates bitcoin now, and has a bad experience.  It is less likely that the merchant will be open to adopting bitcoin or bitcoin-like payments in the future.  Perhaps it would be best for sustainable scalable solutions to be introduced before promoting integration into the crypto economy.  Bitcoin has given us a glimpse of what is possible, and it’s likely that more streamline technology will be available in the future.