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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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!


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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!


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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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Ep200: ‘The Flippening’ Crypto-Diversification, Congress Lets ISPs Sell Your Info, How the Law Applies to DASH

Congress sells out the last bastion of internet privacy, welcome to the dawn of the Post-Privacy Era. Ethereum devs are letting ETH holders vote on the future of mining rewards. Dash publishes legal research done on behalf of the masternodes. Ethereum + Metamask make passwords a thing of the past. Alibaba is a massive multi-national company and they are using blockchains already with plans to do more. Shapeshift raises $10.4 million in venture capital and teases about two new products to come. Bitcoin Infinity patch looks to inoculate nodes against the Bitcoin Unlimited Chain Fork. Bitcoin Core now pursuing a User Activated Soft Fork to activate Seg-Wit. Storj and the Brave Browser migrate from Bitcoin to Ethereum, and so continues “The Flippening” aka crypto-diversification.

All this and more on the Neocash Radio podcast, episode 200 — Wednesday, March 29th, 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!

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Traditional Financial Markets Cryptocurrency Markets
Gold $1,253 Bitcoin (BTC) $1,040
Silver $18.20 Ethereum (ETH) $52.94
Oil $49.44 DASH $84.20
Dow Jones 20,663 points Zcash (ZEC) $63.40
30Y UST Yield 2.984% Monero (XMR) $19.80

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Ep199: Chinese BTC Exchange Goes Full Retard, Bitcoin Core PoW Seppuku, DASH Debit Card

What’s a chain fork? The IRS claims only 802 people claimed Bitcoin on their 2015 taxes, and we explore the difficulty BTC users face with IRS compliance. Numerous Bitcoin exchanges issue joint letter regarding Bitcoin ticker tag in the face of the chain fork. Darren talks about what to expect from a Bitcoin Unlimited / Bitcoin Core hard fork and elaborates on what a chain fork is. Bitcoin Core explores a new Bitcoin Proof-of-Work algorithm that would render current ASICs obsolete for Bitcoin mining. Pedro shares a new website that monitors and optimizes Ethereum transaction gas prices. Darren has a scam alert and a cautionary tale about CoinTelegraph’s article credibility. China demands explicit details from Bitcoin exchange users, including receipts that will be verified against Chinese National Archival records. The Zcash Company announces the creation of the Zcash Foundation which will be rewarded with part of the Zcash Founder’s Reward. We talk about methods used by the Zcash team to create the initial public and private keys. Charlie Shrem is looking for funding to create a Dash based debit card. Prediction markets are a big part of the crypto space, can they actually predict the future? Matchpool looks to link up people for a variety of reasons including dating.

All this and more on the Neocash Radio podcast, episode 199 — Wednesday, March 22nd, 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!

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Traditional Financial Markets Cryptocurrency Markets
Gold $1,248 Bitcoin (BTC) $1,015
Silver $17.51 Ethereum (ETH) $40.57
Oil $48.13 DASH $99.00
Dow Jones 20,661 points Zcash (ZEC) $65.40
30Y UST Yield 3.017% Monero (XMR) $20.70

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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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