Crypto Market Report 001 and Is Bitcoin a Bubble?

This is the Crypto Market Report brought to you by Neocash Radio dot com.

Is Bitcoin a Bubble? Is this like the dot com boom and bust? A critical look at these ideas and more following the Crypto Market Report.


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Crypto Markets are down across the board.

Bitcoin is seeing sub $2000 prices with Poloniex leading the exchanges on volume with the Ripple and Ether pairings on top. The Poloniex BTC/USDT pairing dropped as low as $1600 earlier today. Koreans are still paying a premium with Korean exchanges showing prices over $2400.

Looking at Ethereum, Korean exchanges are topping the volume charts with 30% the market volume and a price premium of $180. The latest news is that one of the biggest Chinese exchanges Huobi is adding Ether today.

Dash is back under $100 but just as bitcoin and Ethereum, Korean exchanges are trading at $120.

Most other coins and tokens are down 20-45%


There are many like it but I’m linking to a recent Forbes article that begs the question is Bitcoin a Bubble? I will attempt to answer it for bitcoin and crypto currencies at large. No, it is not a bubble. As we discussed in episode 208 of Neocash Radio, what you are seeing is the next stage of mass adoption, not the iphone in every hand stage but an earlier stage. Think the first wave of internet capable phones. You know the 1x years where internet was text based and highly pixelated. That’s the stage that crypto is in now. The User Interface of most clients is unrefined and strictly functional. Just installing the software for some coins requires a modicum of IT knowledge and confidence. It’s rough, it’s sometimes dirty, and it can be challenging but it works. It works so well that we have a massive influx of new users and new money.

The dot com bubble saw a rise in financing for a vast array of internet ideas and solutions. Many of which did not pan out. In that sense this is exactly like the dot com scenario. You have hundreds of blockchains competing for a piece of the future pie. Many of the projects have little more than a minimal viable product. Some have little more than a white paper. Many will fail and several others will usher in a new age of digital humanity.

There are many differences between the dot com era and today. For one, with many blockchains you have a level of transparency that allows anyone to scrutinize every transaction. Secondly, the software is open source and is often reviewed by numerous experts. Third, the core community is a tenacious, intelligent and often unforgiving. Many in the community have seen or felt the sting of a scam, rip off, or simply a bad trade. They will see the red flags and they will shout. There are very few places to hide and the fickle marketplace can giveth just as quickly as it taketh.

As I mentioned in the Crypto Market Report, Coinbase has had a massive influx of new accounts each potentially bringing with it a fiat to crypto transaction. The crypto markets are being flooded with fiat from many as of yet untapped sources like Korea, Japan, and Australia to name a few. JPMorgan, Toyota, and Fidelity are also investing in blockchain technology. This is not a bubble. It is the next wave of mass adoption. This trend will continue. This is my imperfect forward-looking assessment:

  • There will be a surge upward that generates news and attracts new money
  • New traders buy in pushing the trend higher
  • New heights cause a mix of euphoria and trepidation
  • The wave crests – a decline will happen locking most of the money in the market (who wants to sell for a loss right after getting in?)
  • Repeat but now those new traders are seeing gains – some cash out and are replaced by new money, some double up

Its organic, massive, and nigh unstoppable. Welcome to the future.


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Ep:208 Bitcoin Mass Adoption is Nigh, Ethereum Enterprise Alliance adds Big Names, Blockchain SALT Loans

We discuss the price rise and factors that may be causing it. And yet another warning to crypto traders and new users. Erik Voorhees brings SALT loans and prisms to the table when he is not shapeshifting. Prisms allow anyone to create mutual fund-like crypto EFTs. Gold and precious metals are legal tender once again in Arizona. Cryptonote based blockchains have a bug that allows infinite coins. Ethereum Enterprise Alliance gains 86 members. Toyota wants some of that blockchain integration. JP Morgan looks to implement Zcash zkSNARKS.

All this and more on the Neocash Radio podcast, episode 208 — Wednesday, May 24th, 2017!

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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The Poloniex Pumphouse, Can Rootstock Save Bitcoin, Ethereum is Catching Up

Can Rootstock save bitcoin from the depths of Mempool hell? Bitcoin’s market dominance has fallen. Poloniex pump and dump trends and a warning to crypto traders. Listener mail from NXT’s director of marketing. Shapeshift is going to switch to a smart contract model. Ethereum reaches 50% of bitcoin’s transaction volume. Enterprise Ethereum is going strong. TokenCard talk with a reddit AMA with the founder Mel Gelderman.

All this and more on the Neocash Radio podcast, episode 207 — Wednesday, May 17th, 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 $1,260 Bitcoin (BTC) $1,820
Silver $16.86 Ethereum (ETH) $89.05
Oil $48.99 DASH $82.87
Dow Jones 20,641 points Zcash (ZEC) $91.81
30Y UST Yield 2.906% Monero (XMR) $27.80
Litecoin (LTC) $24.04

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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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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

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Ep205: TokenCard Tribulation and Potential, Ethereum Powers Car Charging and Food Aid, Onecoin Falls

Venezuelans rebel as Maduro grabs power. Onecoin ponzi scheme members arrested in India. South Korean Bitcoin Exchange Yapizon Hacked for 3816 BTC. TokenCard ICO both went well and had some bugs. We also discuss the potential that a crypto backed coin could have. German energy giant uses the Ethereum blockchain to charge cars. United Nations World Food Program uses the Ethereum blockchain to distribute food assistance. After talking about the Proof of Stake platforms NXT and Ardor we discuss the criticisms of such a consensus method. Ethereum is being searched a lot more on Google lately. JP Morgan Chase leaves the R3 Consortium, remains in Ethereum Enterprise Alliance.

All this and more on the Neocash Radio podcast, episode 205 — Wednesday, May 3rd, 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 $1,239 Bitcoin (BTC) $1,485
Silver $16.47 Ethereum (ETH) $79.42
Oil $47.63 DASH $88.93
Dow Jones 20,975 points Zcash (ZEC) $90.68
30Y UST Yield 2.969% Monero (XMR) $25.02
Litecoin (LTC) $20.72

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Ep204: NXT & Ardor’s Proof of Stake, Spotify Goes Blockchain, DASH Commerce with CryptoWoo & BitCart

Neocash Radio celebrates 4 years of podcasting! Darren and JJ discuss the changing crypto evolution over the last 4 years. A review of NXT and Ardor Proof of Stake platforms. What happened to last year’s Mycelium Crowdsale? Bitfinex, Poloniex and the Bitcoin Price disparity. Litecoin activates SegWit and what happens next. Spotify acquires Mediachain to deliver royalties directly to the artists on a blockchain. Bank of America works with Microsoft on a blockchain project based on Ethereum. Darren talks about DASH news with CryptoWoo, BitCart, and Venezuelan exchange Cryptobuyer adding DASH to their Crypto options. Enterprise Ethereum Alliance brings businesses to the blockchain. Pedro talks about the reaction to the launch of the Ethereum IRA.

All this and more on the Neocash Radio podcast, episode 204 — Wednesday, April 26th, 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, Randy, and Pedro!


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Traditional Financial Markets Cryptocurrency Markets
Gold $1,269 Bitcoin (BTC) $1,282
Silver $17.47 Ethereum (ETH) $53.15
Oil $49.26 DASH $71.24
Dow Jones 20,975 points Zcash (ZEC) $71.93
30Y UST Yield 2.963% Monero (XMR) $19.44
Litecoin (LTC) $14.98

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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


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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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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!


Stream this podcast episode:

or Direct Download the podcast as an MP3 – Neocash Radio episode 202


Tune in to Neocash Radio every Wednesday night and
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We’re also on Tunein, Player.FM, Overcast.FM, Podcast Addict, Blubrry, LBRY and more!


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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Storing Ethereum-based tokens (Golem, REP, etc.) on a hardware wallet

If you’ve been loyally listening to the Neocash Radio podcast over the past four years, you’ve undoubtedly heard us talking about using hardware wallets for cryptocurrency security. Near the end of Wednesday’s podcast, Randy made mention of some tools that Pedro showed him which allow users to hold Ethereum-based tokens—like Golem Network Tokens (GNT), Augur (REP) tokens, SingularDTV (SNGLS) tokens, etc.—on a hardware wallet. Randy said he’d make a post about it for the blog later in the week and well, here we are!

Comparing Bitcoin hardware wallets: KeepKey, Ledger Nano S, Trezor. Generating offline wallets for DASH, Ethereum, Bitcoin, Zcash, and more. Secure cold storage with plausible deniability.

KeepKey hardware wallet for BTC, ETH, DASH, and other cryptocurrencies

Trezor, KeepKey, and Ledger are the most popular brands of hardware wallets currently.

Tokens built to utilize the Ethereum blockchain conform to a “token standard” called ERC20; this standard ensures that wallet apps, exchanges, etc. can accept and interact with any ERC20 token, all without having to code unique integrations for each new token system.

Some of these tokens can be purchased using ShapeShift.io or OpenLedger; others can be found at decentralized exchanges like cryptoderivatives.market. When you purchase these tokens, a smart contract grants ownership of them to your Ethereum address. But as of the writing of this post, the wallet apps provided by the hardware wallet manufacturers don’t display token balances as part of your ETH holdings. Continue reading

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