Ep202: Bitmain ASICBOOST Hysteria, TokenCard will Debit ERC20 Tokens, Kraken Trades DASH

Wells Fargo is facing a lawsuit over suspension of outgoing wire transfers for Bitfinex. Stampery verifies documents on the Bitcoin and Ethereum blockchains while you work with this new Windows Office plugin. Bitcoin extension blocks offer a third solution to the blocksize issue. Purse is developing Bcoin which looks to be a fourth solution? to the bitcoin blocksize issue. BitCrust looks to be tackling a major problem with bitcoin, the UTXO bloat! Bitmain claims to have never used ASICBOOST on the mainnet, furthermore there is no evidence that anyone is using ASICBOOST on the mainnet. It is revealed that Kraken is the next major exchange to trade DASH. Charlie Shrem has a Forbes article in the German print version. Porsche is looking into the Blockchain for a variety of applications. Steemit founder and lead developer Dan Larimer has called it quits. Storing and exploring Ethereum-based tokens is getting easier! Gold-backed tokens and a new Ethereum-based debit card capable of handling ERC 20 tokens; meet DigixGlobal and Monolith Studios. The Golem Project identifies a flaw with how an exchange was handling GNT. Ethereum Name Service postponed launch and now has a live bug bounty.

All this and more on the Neocash Radio podcast, episode 202 — Wednesday, April 12th, 2017!

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 PEDRO!


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Traditional Financial Markets Cryptocurrency Markets
Gold $1,287 Bitcoin (BTC) $1,222
Silver $18.45 Ethereum (ETH) $47.50
Oil $52.82 DASH $67.59
Dow Jones 20,591 points Zcash (ZEC) $63.77
30Y UST Yield 2.89% Monero (XMR) $22.47
Litecoin (LTC) $11.77

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Editorial: Blockchains Will Become the DNA of Our Future Society

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or Direct Download the podcast as an MP3 – JJ Editorial: Blockchains Will Become the DNA of Our Future Society


An Editorial from Co-founder and co-host JJ Epic. Views expressed here represent only about one third of the shows views.


Darren and I started Neocash Radio to talk about Bitcoin and Cryptocurrencies as our main focus. Talking about the future of money today. What we ended up talking about was the future of technology, the future of software development, and the future information security.

While on one hand you have a few ever growing corporate behemoths on the other hand you have an array of new innovations created by individuals. The old model and the new. The old model required the consolidation of resources due to the scarcity of those resources. The resources include people and equipment which made sense to pack closely together into localized hubs. The new model is a sea of individuals directed by their own desires and passion, each working on a very small piece of a much larger puzzle. Like individual cells in a larger organism.

Bitcoin and open source development have created a new kind of money. A currency controlled by a protocol and a distributed ledger — a blockchain. Blockchains will become the DNA of our future society. A log of all the decisions made, the consequences, and the resulting sum. Using this technology for money was a master stroke. Now that the Blockchain is proven and widely adapted money will never be the same.

But it’s not really about money. It’s about the action created, the signal sent, and the time spent. Ultimately time is the only real currency. The rest are tokens for convenience. Or tokens of time, as in the hourly wage. What we are actually talking about the the future of humankind today, the future given the effect of the human actions created up to and including now. Whether sitting in front of a TV or driving a race car, in each case an action was created, a purchase was made, and time was spent.

With time, everybody starts out rich and ends up poor.

With near-instant communication, open source development, blockchains, and the rise of peer-to-peer protocols humankind can more closely mimic a well known, durable, proven system: the human body or carbon based organisms in general.

Individuals working together like cells forming an organ, all part of a greater organism. The Blockchain is the critical component. Like DNA, everyone gets a copy and there is no need to trust someone else. You can trust the DNA.

The trust that comes from the Blockchain is a by-product of consensus. The nodes and miners build a block through consensus and the network verifies it. In mere seconds a decentralized open source protocol gets everyone to agree on the same thing. A feat no man could hope to accomplish. With a divergent spectrum of proven and emerging blockchains, the future of choosing the right blockchain for you might look like trying on shoes.


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

Subscribe to the Neocash Radio podcast
on iTunes/ Soundcloud/ Stitcher/ YouTube/ Google Play & iHeartRadio!
We’re also on Tunein, Player.FM, Overcast.FM, Podcast Addict, Blubrry, LBRY and more!

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Episode 168 – More Crypto News Than You Can Fit In A Bitcoin Block

This a huge episode where we talk about bitfinex, bitcoin security, SDR and the World Bank, China, Russia, Germany, Ethereum, ETC, Dash and More!!

 

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Episode 167 – A First Look at Steemit and Silbert Announces ETC Pump and Dump

Randy joins us in studio. Bitfinex suffers a massive loss in bitcoins due to a hack and is talking about socialized losses. Barry Silbert announces a pump dump for ETC. Japan is the first to Quantitative Ease for stimulus. Kim dotcom announces Mega 2.0 and bitcache. Be on the look out fr fake bitcoin wallet applications on the Apple Store. The Brave browser may eliminate ads as we know them. Jaxx integrates Dash. We talk with Randy about a first look at Steemit.

 

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Episode 166 – My Coin is Better Than Yours

The Central Bank of Zimbabwe doesn’t want people to use Bitcoin. A circuit court in Florida finds that Bitcoin is not money. Arcade City may have big issues. An update about Ethereum, Ethereum Classic, and the almost religious zealotry found on reddit and the forums. Central banks are bracing for a crash or recession. EU may create a list of crypto-users.

 

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Episode 165 – Peter Todd Unsettled by Ethereum Independence

Bitcluster creates a database of bitcoin transactions. Scotcoin looks to be the next player on the altcoin craze. Ethereum Hardfork Review and the dregs of Ethereum Classic. Mycelium to add Dash by October. Coinbase adds Ethereum to their front end retail site. The shift from bitcoin dominance is happening. Caribbean banks feeling the sting of money laundering concerns.

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Episode 164 – LBRY Trading, Ethereum Hardfork Update

4th Amendment Caucus formed in US House. Britain’s 10Y treasuries still offering negative interest rates. North Carolina add bitcoin to Money Transmitters Act. LBRY is live and trading on exchanges. Ethereum will hardfork in 3 days. Coinbase will add Ethereum to the Retail side.

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Episode 163 – The Hubris of “The DAO”

Bitcoin block reward halves, again. Uber switches to Bitcoin in Argentina, Arcade City meets Austin, Texas. Dash spokesman criticizes bitcoin. Ethereum votes hardfork and the slock.it team displays arrogance and hubris. Treasuries and the Chinese market moves.

 

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Episode 161 – A Costly Lesson for the DAO

The British Exit from the European Union is rife with news about fear, uncertainty and doubt. The DAO suffers a fatal attack and loses 3.5 million ether in an exploit. The Federal Reserve keeps rates unchanged.

 

 

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