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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Song: Stuck up

NASDAQ cryptocurrency exchange

The NASDAQ CEO has created a stir in the crypto-community with some recent comments. “Certainly Nasdaq would consider becoming a crypto exchange over time,” Nasdaq CEO Adena Friedman told CNBC “If we do look at it and say ‘it’s time, people are ready for a more regulated market,’ for something that provides a fair experience for investors.” Waiting for the market to mature may take some time but Nasdaq would shake up the scene to say the least.

Bitcoin Transaction Trackers

Retail giant, Amazon, has won a patent that aims to help law enforcement and government link bitcoin transactions to individuals. This subscription feed works in conjunction with the retailers, the telecoms, internet service providers, and government tax authorities.

So the retailer supplies the shipping information and transaction address, the isp gives an ip address, and the government check this against their tax records to find out if you paid your “fair share”.

Coinbase shuts down Wikileaks & Cheapair support

Coinbase has a history of denying service for compliance reasons at the drop of a hat. This time they have shut down service to Cheapair.com and the Wikileaks store. The reason for the CheapAir denial is the Coinbase is no longer providing “custodial” services for merchants. The Wikileaks store was engaged in “prohibited use in violation of [Coinbase’s] Terms of Service”.

In both cases there are other services and coins available to fill the void. In the case of CheapAir, they are going to work with BitPay to enable cryptocurrency purchases. Wikileaks is able to accept payments through coinpayments.net

GetFreeDASH accidentally gives out too much DASH

Dash Treasury-funded project GetFreeDash has suffered from poor programming. The program has already received 300 of the 450 DASH asked for in the proposal. The project aims to give free DASH to Venezuelans who sign up for for it through the website. The system will then send an automated phone call containing a 4 digit verification pin. This is pin is entered by the user before the DASH is sent. Well, according to the website operator savvy users were able to game the system and get more coins. By signing up with random phone numbers and then entering random 4 digit numbers into the website, the frauds were able to guess correctly and cheat the system. The website operator Cryptoridez notes that 40,000-60,000 fake accounts were created.

Vitalik Buterin is boycotting CoinDesk’s Consensys 2018

Conference for a bunch of reasons and he is urging other to do the same. He levels several serious criticisms at CoinDesk not only questioning their journalistic integrity but outright labeling them gotcha scammers. Just as well $2-3k to attend is some heavy rent-seeking.

Arizona is one step closer to allowing residents to pay taxes with cryptocurrencies. The House and Senate have both passed SB1091 which I believe needs to be signed by the governor.

NeoCash Radio is building a cryptocurrency community on Patreon

In an effort to continue the ad-free model I am happy to announce a trial run at shifting our efforts to Patreon. If you visit our page at patreon.com/neocash you’ll find a good summary of the show. Some of the best parts of doing NeoCash Radio is the interactions I’ve had with listeners. With that in mind we are looking to create a community on patreon where the subscribers can feel like they are a part of the show. Interacting with us, suggesting stories, and offering questions for our upcoming Ask Me Anything-crypto.

One of my favorite aspects of patreon is the rewards we can offer to subscribers. Darren we are starting out with the monthly subscription model. Fans of the show can go to Patreon.com/neocash and subscribe now. We will be producing around 12 pieces of content per month initially but as the monthly income grows we can bring on more writers and on-screen talent.

The first level of subscription is the Crypto Explorer level. For those just looking to get some information about bitcoin, ethereum and other cryptocurrencies. The crypto explorer level will give you access to all standard content meaning this show NeoCash Radio, any of the interviews we do, the reviews, the how-to videos, and the security updates for pledging as little as $2 per month.

The second level of subscription is the Crypto Trader level. For those more savvy traders we want offer a little bit more. At least once a month Pedro, myself and perhaps another will record a special show where we share our opinions of coins/tokens, which ones we think are ridiculously overpriced, and which ones we really like. Oh and we’ll also tell you why! This is not financial advice but rather private opinions and thoughts. This tier is for those that pledge at least $7 per month.

Finally I have a third tier for those that really love the show and want to see us be successful! The Crypto Baron level of subscription For this tier you will get all the content we create including behind the scenes, candid thoughts, and once we hit 100 total subscribers we’ll start up a discord channel and you will receive a role in that channel. Plus we have a cool limited edition badge for your patreon profile! This tier is available for those that pledge $19 or more per month.

I am also working on a couple other tiers higher that offer some big rewards but for now if you wish to contribute more than this amount per month please contact me at jj@neocashmedia.com

We also have some goals. The first being a good start. Once we reach $500 a month in pledges we will open a discord channel and integrate it with Patreon. At $3500 a month in pledges the show will be sustainable and at $7000 a month in pledges we will be adding new on-screen talent! That’s right if you don’t want to see JJ’s ugly mug but still want the great NeoCash content then help us reach this goal!


Disclaimer: Any content on the Neocash Radio podcast and/or website should not be regarded as financial or legal advice. Please be mindful of any and all regulations regarding cryptocurrency in your particular jurisdiction. Never invest/gamble more than you are willing to lose and always safeguard your digital currency by keeping it in a wallet whose private keys you control.  

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