All posts by JJ Epic

G and M Asset Management Interview with Founders

In this special episode of NeoCash Radio JJ interviews Evan Gruss and Ryan Myher the founders of G & M Asset Management a crypto trading fund that is finalizing an overseas business. Evan and Ryan are finance major college students and have been day trading cryptocurrencies for the last 8 months or so. They are looking for more clients. Visit their website at https://www.gminvestmentsgroup.com/ or contact them at info@gminvestmentsgroup.com

Tell them you heard their interview on NeoCash Radio for a special offer!
Music: “Sing to the World” by PC-ONE



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Beware EOS and NEO

Both EOS and NEO have been billed as the ethereum-killer and both have had concerted hype machines behind them. They are both building smart contract blockchains that hope to offer the same level of service as the current Ethereum Public Blockchain but with more throughput. Scaling is the buzzword of the month and EOS and NEO aim to achieve higher transactions per second by using a delegated proof of stake or delegated Byzantine Fault Tolerance method.



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Delegated proof of stake is a system where a limited number of Block producers actually stake coin to validate and create blocks. In the case of EOS the Block Producers is set at 21 initially. Those 21 nodes stake EOS coin and are granted the privilege of creating blocks and capturing the block rewards.

EOS coin holders can vote for which nodes are staking through a 1 token = 1 vote method. Now these EOS coins should not be confused with the EOS ERC20 token. The EOS website is very clear “The EOS Tokens do not have any rights, uses, purpose, attributes, functionalities or features, express or implied, including, without limitation, any uses, purpose, attributes, functionalities or features on the EOS Platform.”

Those that have bought the EOS ERC20 may have very well been scammed out of their ethereum.

NEO is using a slightly different consensus method call delegated Byzantine Fault Tolerance. This refers to an agreement problem involving trusting third parties and dealing with bad actors. The byzantine generals problem has been a big issue for many years {clip}.

So if satoshi solved the generals problem though the Nakamoto consensus why are back at this problem? Scaling. In a race to be the one blockchain that rules them all many scaling methods are being attempted. The big issue with the dBFT that NEO is using is two parts.

The system only needs 66% agreement.
The system is starting out with a handpicked 7 validator nodes. Chosen by the NEO developers because they hold 51% of the coins.

This is a huge red flag. The developers effectively have a 51% attack on the NEO blockchain. They control enough coin to pick the nodes regardless of votes, and the nodes they pick can choose to accept or reject whichever transactions or smart contracts they wish. There is no recourse. Even if the public NEO holders voted for a different node they only have 49% of the votes at most.

This is not a blockchain I trust or recommend. Even if more validator nodes were allowed the token distribution effectively squelches any dissenting opinions.

Even if the tokens were distributed more widely and more publically there would still be huge issues. With both EOS and NEO the voting to select a block validator process is fatally flawed from the onset. First and most importantly, most people don’t vote. Even when incentivised the turnout is almost always less than 50%. Second, votes can be bought and sold for money, social capital, or promises of future favors. Finally voting typically and most assuredly in the case of these two blockchains results in a plutocracy where the whales make the decisions. None of these are better than what we have now with the current consensus methods employed by Ethereum or Dash or Bitcoin Cash.

Furthermore I am very interested to see how the EOS ethereum token transfers over to the EOS platform. If there is not a direct 1 to 1 transfer then the fundraiser regardless of disclaimers is fraudulent. Be careful out there. Anyone can buy hype, anyone can make claims, but not everyone delivers.

Music: “Out of the Skies Under the Earth” by Chris Zabriskie

TenX Update Interview with President Dr. Julian Hosp

Time flies! We last spoke with Dr. Julian Hosp back in June of 2017 prior to their 36 minute token sale sellout.  So much has happened since then for both TenX and the crypto-scene overall. We discuss some of the changes and challenges facing TenX as well as the growth and successes.

Julian published a book as well. “Crypto Currencies” is available on Amazon and provides a solid background for anyone new to the ideas of Bitcoin, Ethereum, and other cryptocurrencies.

Music: “Sing to the World” by PC-ONE



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Ep250: Vitalik Boycotts CoinDesk, Nasdaq Crypto Exchange, Hackers Keyboard

Nasdaq CEO talks crypto exchanges once the space matures. Amazon has won a patent to help law enforcement and tax authorities track your Bitcoin transactions. Coinbase shuts off service to Wikileaks Store and Cheapair.com. GetFreeDASH accidentally gives out too much DASH. Vitalik Buterin is boycotting CoinDesk Consensys 2018 and suggests you do as well. Arizona is very close to allowing residents to pay taxes in cryptocurrency.

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Subscribe to the NeoCash Radio podcast
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Bumper music by: Lamprey
Song: Stuck up
http://freemusicarchive.org/music/Lamprey/The_Greener_Grass/Stuck_Up

Continue reading Ep250: Vitalik Boycotts CoinDesk, Nasdaq Crypto Exchange, Hackers Keyboard

Mattheus Interview 300th Meet-up Manchester NH

JJ and Pedro set up the podcast studio in a noisy bar during the 300th Cryptocurrency Meet-up in Manchester, NH on April 8th, 2018.

In this installment we talk with Mattheus! We discuss how he uses crypto in his everyday life and why New Hampshire is the place for libertarian activism.

The event was sponsored by http://ledgeviewcommercial.com and http://lbry.io



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Marcus Interview 300th Meet-up Manchester NH

JJ and Pedro set up the podcast studio in a noisy bar during the 300th Cryptocurrency Meet-up in Manchester, NH on April 8th, 2018.

In this installment we talk with Marcus! The creator of the famous “bitcoin roller-coaster”. He brought some stickers to the event to sell following the news that someone out there got the image tattooed on his arm. http://www.brainlesstales.com/

The event was sponsored by http://ledgeviewcommercial.com and http://lbry.io



Stream this podcast episode:
or Direct Download this episode as an MP3 – Marcus Interview 300th Meet-up Manchester NH


Tune in to Neocash Radio every WEEK and
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