In this special episode of NeoCash Radio JJ interviews Evan Gruss and Ryan Myher the founders of G & M Asset Management a crypto trading fund that is finalizing an overseas business. Evan and Ryan are finance major college students and have been day trading cryptocurrencies for the last 8 months or so. They are looking for more clients. Visit their website at https://www.gminvestmentsgroup.com/ or contact them at firstname.lastname@example.org
Tell them you heard their interview on NeoCash Radio for a special offer!
Music: “Sing to the World” by PC-ONE
Pedro Picks the Top cryptocurrency hardware wallet under $100 in this special episode of NeoCash Radio. We take a look at the Trezor One, Ledger Nano S, and the KeepKey. In the video version we show how to initialize the wallets, send, and receive transactions. Finally Pedro shares his review of the wallets, likes/dislikes, and his top pick!
Please note the audio version of the show does not contain the wallet initialization and testing due to the need for a visual element.
Let’s start by discussing how crypto wallets work and why they should be used. The private keys to any cryptocurrency are used to both generate the wallet addresses as well as authorizing the transfer of coins. Anyone with the private keys can spend from that wallet and this is why it is critical to keep these private keys off line and secure for any wallet with significant funds. While mobile devices are great for convenience, think of them as your physical traditional wallet that contains cash, it should only have amounts you can live with losing.
Securing your private keys can be done with using a hardware wallet that keeps your private keys offline in a secure area of the device. These private keys can never leave the device so in order to spend funds, an unsigned transaction is sent to the device where you have to physically press a button that will allow the device to sign the transaction with the private key. The signed transaction can then be broadcast without fear the private keys were ever exposed.
Hardware wallets are backed up with a 12 or 24 word passphrase which is the “backup” of the wallet. Multiple copies of these should be secured in multiple locations. The passphrase should never be photographed, typed into any digital document, or photocopied. Additionally, with these Hardware wallets you compare the address funds are being sent to with the address that will be displayed on the device. This protects you in case someone compromised the java code or app that is used for wallet functions on your computer
When purchasing any of these hardware wallets, it’s recommended to do so from either the manufacturer or a reputable vendor like Amazon. Someone who purchased a Nano Ledger S from ebay lost funds because the scammer generated a key and then made the backup card look like a “scratch off” to reveal a unique private key. All of these hardware wallets should be initialized and a new seed generated.
Be sure to store multiple copies of your seed phrase in multiple locations!
Any one of these wallets will secure the private keys to the coins they support and are much more secure than keeping private keys on computers & mobile devices. If the hardware wallet is lost or destroyed, they can be restored using the backup passphrase.
If you are looking for a specific review please contact email@example.com
Mario Costanz joins JJ to talk about crypto and taxes. Mario has been successful building a U.S. tax prep company called Happy Tax. After discovering cryptocurrency in 2016 he found that tax services for digital asset enthusiasts were nonexistent. Mario has since been building CryptoTaxPrep.com to fill that niche.
In this special episode of Neocash Radio JJ interviews Sam Sharma the co-founder and president of Centra. The Centra Card is a cryptocurrency based debit card that will allow users to spend Bitcoin, Dash, Ether, ERC 20 tokens, Ripple, Zcash, Monero, and Litecoin. US customers would receive a VISA card and international customers would receive a MASTERCARD — the Centra Card would be linked to a wallet app which could be loaded with crypto.
Sam describes his personal experience with crypto and how the Centra company has been self-funded thus far. After operating for more than a year in secret the company announced their presence in July.
The product is currently running a beta test and will be launched before the end of the year. The CTR token sale is ongoing as of this posting. Centra’s CTR token would facilitate rewards for cardholders and token holders alike — much like other crypto debit cards.
Finally Centra is also building a cryptocurrency based marketplace called C-Bay. Sam indicates that at launch there will be more than 100,000 products available for purchase.
OPEC may cut oil production and it probably won’t matter. Deutsche Bank won’t be bailed out says German Government. India and Pakistan are fighting again. Your tax dollars hard at work: the Pentagon paid a UK PR firm more than half a billion to make propaganda videos. China’s Yuan gets bolstered by the IMF, joins SDR basket. IMF worries over record debt levels of 225% WORLD GDP. The Federal Reserve looks at Ripple for faster payments. CGI Group launches Ripple validator node joining 121 others. Yahoo is a scumbag for handing ALL emails to the government secretly. SingularDTV ICO is sold out in less than 17 minutes. Blockstream anointed Lightning Network has a successful transaction on the testnet. Monero value plummets as Oasis goes offline and AlphaBay pauses transactions to upgrade their Monero daemon. News organizations sue FBI for details on exploit used in San Bernardino iPhone case.
All this and more on episode 176 here on Wednesday, October 5th, 2016!
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!
A Swiss bank not allowing withdrawals. More than a quarter of student loans being repaid are delinquent. Dogecoin co-founder leaves the crypto-community in a huff. Ripple is in hot water with both users and BitStamp. Greece is heading for a default and upset pensioners. The financial benefits of being beautiful.
John Light – bitcoinconsultant.me – calls into the show for the whole episode : Money 2020 conference : Ripple : Silk Road shutdown by FBI : messages being sent to alleged FBI bitcoin wallet address : bitcointalk forum hacked : government shutdown
Amanda BillyRock – amandabillyrock.com – joins JJ and Darren in the studio for this episode : bank holidays in Panama : John Light – bitcoinconsultant.me – calls into the show for a discussion about bitcoin businesses : Ripple releases their source code : Bitcoin helps the Homeless : U.S. Government shutdown