Bonus Episode — Joel from Dash Force

Joël from DASH Force joins JJ and Darren in-studio for this bonus episode of Neocash Radio! We discuss his history with cryptocurrency and how he got to where he is now. We ask about what DASH Force News is and who is all involved. We talk about how someone could be paid by the DASH blockchain. Other topics include: History of DASH and the DASH DAO, Bitcoin, Ethereum, and much more on this bonus episode!


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or Direct Download this episode as an MP3 – Neocash Radio cryptocurrency podcast Bonus Episode — Joel from Dash Force


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!
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In our discussion Joël brings up the private send feature build into DASH and gives a brief explanation. Just as we have done here on the blog he also points to a video by Amanda B Johnson where she does a good job explaining the Private Send feature. Check it out!


Have you listened to this week’s episode yet?

Joël from Dash Force joins us in-studio. Bitfinex hires a 3rd Party auditor to gain confidence among critics. Ethereum-based Mysterium platform aims to decentralize VPN services. The Federal Reserve’s Federal Funds Rate climbs to 0.9%. The Australian Government has deregulated digital currencies repealing the goods and services tax. Peter Todd questions the security of Zcash due to his participation. We talk DASH news and what it’s like to work for a blockchain. Darren has written and published a paper offering up a new solution to on-chain scaling. Is the market caps good measure of a digital currencies potential? The life and price of Bitcoin.


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or Direct Download this episode as an MP3 – Neocash Radio cryptocurrency podcast ep206

Ep203: Swarm City Preview, Bitfinex Gets Taiwan Banking Blues, Ethereum Powers Retirement and a Movie

Ethereum IRA available for your retirement accounts. The Ethereum Movie Venture has been funded to produce a film called The Pitts Circus Family. Cosmos Network raises $16.8 million in 28 minutes. Sia offers cloud hosting on a blockchain. We talk with Matt Carano about Swarm City. Zcash users need to upgrade to version 1.0.8-1 after a security flaw was found. Zcash and DASH are on the Jaxx iOS wallet now. Trello + Ethereum = Trelleth, economically incentivized task management. Monero transactions may not be as anonymous as you think. DASH “PrivateSend” feature is explained on DASH Detailed. BitWage launches International Bank Account Numbers to offer European wage earners a way to direct deposit checks into crypto. Bitfinex and other exchanges that use Taiwan-based banks are suffering the effect of U.S. Know-Your-Customer regulations.

All this and more on the Neocash Radio podcast, episode 203 — Wednesday, April 19th, 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 Randy!


Stream this podcast episode:

or Direct Download this episode as an MP3 – Neocash Radio cryptocurrency podcast ep203


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!


Traditional Financial Markets Cryptocurrency Markets
Gold $1,281 Bitcoin (BTC) $1,270
Silver $18.13 Ethereum (ETH) $52.00
Oil $50.58 DASH $76.80
Dow Jones 20,404 points Zcash (ZEC) $74.49
30Y UST Yield 2.874% Monero (XMR) $21.60
Litecoin (LTC) $11.01

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So Bitcoin Might Fork. Here’s What to Expect…

It is with some lament that I write this. If everyone agreed on a path forward, then there would be no need for this post, but here we are. There is a strong likelihood that we will need to know what will happen if Bitcoin forks (again). There is a chance that the protocol of Bitcoin will fork, which will cause a chain fork as well. (I discussed hard forks & soft forks from my perspective in a previous post.)

Some Bitcoin miners are signaling that they would accept one of two competing Bitcoin protocol changes: one protocol is Bitcoin Unlimited (BU), which would increase the maximum transactions that Bitcoin can process by 100%. The other protocol, called Segregated Witness (SegWit), is expected to increase this maximum by 70%. As of this writing, 35.9% of blocks are signaling for Bitcoin Unlimited while 26.8% are signaling for SegWit.

Bitcoin miners signaling for Bitcoin Unlimited and SegWit blocks

Bitcoin blocks found by miners signaling Bitcoin Unlimited support vs. miners signalining SegWit support

Bitcoin Unlimited vs. SegWit: Abstractly, what is happening?

Let’s make a hypothetical situation where the proportion of Bitcoin Unlimited to SegWit votes stays the same, but is extrapolated out so that ALL Bitcoin miners MUST choose either Bitcoin Unlimited or SegWit. That would mean around 55% of miners would be supporting Bitcoin Unlimited and 45% of miners would be supporting SegWit. (There is an incentive to go with the “winning” majority chain, so this division of hashing power could be even more severe at the time of a hard fork.)

If Bitcoin Unlimited activated and a block over 1MB was mined, then the SegWit part of the network would reject this block and build off the previous block. With a drastic drop in hashing power but no change in the difficulty target, it would take the Bitcoin network longer to find the winning solution that confirms a new block to the blockchain. With our hypothetical numbers, blocks for Bitcoin Unlimited would come out approximately every 18.2 minutes and SegWit blocks would come out approximately every 22.2 minutes. Any transaction capacity increase promised by Bitcoin Unlimited and SegWit would be delayed until the difficulty target adjustment shakes out. As more blocks were found, the difficulty of each chain would adjust and after about a month (a little longer for SegWit), the 10-minute block time target would be restored.

How would this hard fork affect Bitcoin users?

A Bitcoin user with coins before the hard fork would then be considered to have a positive balance on both ledgers/blockchains after the hard fork. (The Ethereum blockchain forked after last year’s DAO debacle, yielding ETH tokens and ETC tokens (Ethereum Classic) for users who owned ETH before the fork.) But without taking care, a user could intend to spend coins on one chain and unintentionally spend on both chains; this is known as a replay attack, though it’s really not an attack if it’s done unintentionally. Maybe that should be called a replay error so as to not be confused with an intentional replay attack meant to defraud.

How does one guard against a replay attack after a hard fork?

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On Forks & Hard Forks: Eschew Obfuscation & Watch Your Language

Blockchain hard forks & soft forks: Bitcoin & EthereumLanguage certainly is an important part of the life of a human. The Sapir-Whorf hypothesis states that the structure of a language determines or greatly influences the modes of thought and behavior characteristic of the culture in which it is spoken. In my study of mathematics, we would often joke that we were really studying language.

In all areas of language, we need clear definitions. The same holds true for math; every concept of mathematics needs to be clearly defined. Without clear definitions, we are forever doomed to nonsensical communication. Some proofs require clear definitions of new objects.

Language can also be used to obfuscate, complicate, or hide information. Presenting information in a confusing or contradicting way can influence an argument, and ultimately be used to try to control the thoughts of others. The current prevailing monetary system is riddled with terms that deliberately hide what’s really being done. New monetary systems should avoid duplicating this aspect of their central banking predecessors; transparency and clarity should be valued traits.

Currently, I find that the meaning of the word fork is either not clear to people or purposely being blurred. The meaning of fork that I find blurred is the same meaning the word has when describing a fork in the road. A fork is a situation where one path or way becomes two paths going in different directions. An open source programing project could fork when it is found that there is another purpose that it could apply to. A project could also fork when there is a disagreement of which way it should go. Forking is the ultimate “Why not both?”

The word fork can also apply to a blockchain. Any block in a chain has a previous block and a next block. When there are two possibilities for the next block, that could be considered a fork. Usually, it’s called a fork in the chain if people are actively building on both possible blocks. If there is a next block which is ignored, that is usually called an orphan block. If an orphan block has a handful of blocks built on top of it but is abandoned, it’s called an orphan chain.

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Ep189: Swarm City Brand Fork, Coinbase Looks Beyond Bitcoin, History of 2016

Camo from cameras as a new fashion. Arcade City / Swarm City brand fork. Charlie Shrem’s latest project is Mainstreet Investments LP an investment fund and a waste management company. Coinbase is looking to diversify as Bitcoin’s future relies on core to be not core. We discuss the big stories of 2016 and the future evolution of the digital society.

All this and more on the Neocash Radio podcast, episode 189 — Wednesday January 4th, 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 and Darren!

Stream this podcast episode:


or Direct Download the podcast as an MP3 – Neocash Radio episode 189


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!


Traditional Markets Crypto Markets
Gold $1,163 Bitcoin (BTC) $1108
Silver $16.40 Litecoin (LTC) $4.40
Oil $53.35 Zcash (ZEC) $52.32
Dow Jones 19,942 points Ethereum (ETH) $10.77
30Y UST Yield 3.041% DASH $15.48
Euro (EUR) $1.05 Monero (XMR) $17.67
Chinese Yuan (CNY) $0.14 Augur REP $4.79
British Pound (GBP) $1.23 1 Doge = 1 Doge

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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)
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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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Episode 155 – The FBI Hates TOR Users and Other State Shenanigans

Neocash Radio was right about Dr. Craig Wright last December. BitPay offers a bitcoin based pre-paid VISA card. 21 Inc. wants to make everything a bitcoin machine but that may have issues. The DAO has been the 3rd most successful crowdfunding operation so far. TOR users beware, the FBI will target you. Liberty Reserve founder sentenced to 20 years. Saudi Oil Chief fired by Saudi King. Venezuela and Zimbabwe round out the international news.

GET THE APP HERE: https://play.google.com/store/apps/details?id=com.andromo.dev519296.app474972&hl=en

 

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