Tag: Crypto

The Dash Digital Cash D.R.E.A.M. – Kurt Robinson Raps

Every couple of years we look at our bank accounts and realise that our money buys less than it did. We work so hard for our money, and yet it seems difficult to get ahead. Why? It’s not by accident. The monetary system is structured that way. Central banks continue to print money, and bankers get rich, but as the currency supply increases, the value of our dollars decrease.

What’s the solution? Many people thought that Bitcoin could free us from this mess. The promise of decentralised currency – not controlled by any central authority, but instead governed by algorithms, using cryptography – could mean the end to central banks. Yet, it seems like Bitcoin hasn’t yet lived up to that dream. We can’t spend Bitcoin at the corner store, we can’t tip in it, and if we tell our bank manager that we have some bitcoins as collateral for a loan, he’ll probably laugh. And, as transaction fees go higher and higher, it seems less and less likely that Bitcoin will ever live up to our highest expectations. It seems that Bitcoin might not be anything more than Internet nerd money.

Dash is based on Bitcoin, but has certain other features which might just make it live up to those expectations. It allows the stakeholders to form a consensus to make decisions about where the project is going, and it has a focus on user experience. If the team manage to create virtual money which is stable, accepted, and so easy that your grandma could use it – could Dash be the currency of our dreams?

Here’s a rap song which explores those concepts.

To download the track, right click here and press “Save as“.

Lyrics

Dash rules everything around me
D.R.E.A.M. get the money, digital cash y’all

I grew up where half dollars have 12 sides
Queen’s head on the front, roo & emu behind
But instead of gaining value the Aussie lost it
So I wondered what could have possibly caused it
In the minds of politicians corruption’s forming
Abusing the system of inflation we’re born in
To make an honest livin’ you work, it takes time
But central banks just print their money – that ain’t right
Now I’m living in Mexico, collecting the pesos
stash a little silver case the bank goes broke
Once upon a time a peso was “buen dinero”
1990 it got away & they dropped “tres ceros”
Your man Trump – I don’t believe in him
Puppet Peña Nieto – you can see the strings
Politicians criminals thieves & kings
See your money float away like leaves in the wind

Dash rules everything around me
D.R.E.A.M. get the money, digital cash y’all
Dash rules everything around me
D.R.E.A.M. get the money, digital cash y’all

I guess I wondered ’bout a way out the struggle
Starvin children dotcom housin’ bubble
The system’s rigged, the dollar has to topple
That’s when I heard the name Satoshi Nakamoto
Stranger emerged to the world to give it code
& change it forever through digital gold
He’s still vanished, with the code it could manage
To give us an exit from the whims of banksters
And as it rose, nouveau riche control the cheese
A new breed of millionaires promoting peace
But as the years passed we found we had a problem
This nerdy tech wasn’t ready for mass adoption
Some still suspect the government payroll
Agents provocateurs COINTELPRO paid trolls
Thought Bitcoin’d save us from one thing we wanted it
Instead fell victim to the same thing – politics

Dash rules everything around me
D.R.E.A.M. get the money, digital cash y’all
Dash rules everything around me
D.R.E.A.M. get the money, digital cash y’all

You’re never gonna get, outta debt
When every cent you’ve met is borrowed from the Fed
They’ve got you in an awkward position
But the dream’s still alive, I can see it in my vision
They arrested Von Nothaus, stealing his ingots
they got charlie shrem for laundering digits
They snapped up Ross saying he sells dope
They arrested so many, but you can’t arrest hope
The goal is to create a system so resilient
It evolves whenever it’s fisted out of commission
The dream is to cast off these banker’s shackles
That have been for centuries on our hands & ankles
The dream is this, whatever cards you dealt
Whoever you are, can find a path to wealth
They’ll get lines blurred, nothing’s what it seems
No matter what occurs, don’t give up the dream

Dash Rules Everything Around Me – D.R.E.A.M.
Get the money – digital cash y’all
Dash Rules Everything Around Me – D.R.E.A.M.
Get the money – digital cash y’all
Dash Rules Everything Around Me – D.R.E.A.M.
Get the money – forget the dollar bills y’all
Dash Rules Everything Around Me – D.R.E.A.M.
Get the money – forget the dollar bills y’all

Bitcoin vs Dash – Security & Bitcoin as blue chip

An interesting argument people make for the long-term viability of Bitcoin is this: It’s fine to use Dash for fast transactions and private transactions, buying cups of coffee or whatever… but for big transactions people don’t need fast confirmations, and so they will probably continue to use Bitcoin for certain large, cryptocurrency clearing-house transactions. My question is always, okay, they don’t need fast confirmations, but they don’t really gain anything by having slow confirmations. So why are people going to continue to use Bitcoin?

The forthcoming answer is security. It’s true, Bitcoin has been around longer, has had more tests, and so the network is more secure. However, having a secure network resistant to hacking is actually only one part of security. Another part is, how many people have lost thousands or millions of dollars over the years due to negligence or malicious actors? A lot.

If you have to be a tech nerd to secure your Bitcoins, that means it’s actually not secure, and it’s definitely not ready for mass adoption.

The other thing is, if you’re trying to defend Bitcoin compared to Dash, you’re fighting a retreating battle. Sure it does privacy, speed, user experience and adaptation to a changing market better than Bitcoin, but other than that, what does it do? If Dash has the incentives in place to improve in all these areas, then surely it has the potential to improve in security as well. After all, security is one of the most important parts of user experience. If your coins are constantly getting stolen or the network is going down, that gives the worst possible user experience.

Steemit’s New Economic Paradigm

An introduction to Steemit

I (Kurt) have been posting on the new social media platform, Steemit, for more than a month, and it seems to be promising for several reasons.

One of the most obvious is that, people can get money on there, which means that many starving artists and writers finally have a platform where they can quickly monetise their content, without having to know too much about website design, sales or marketing.

A deeper point – one which will most likely drive the more constant growth of the platform – is that the system is structured to incentivise helpful, constructive interactions. The system is designed to encourage people to be cool. That’s no small feat. I’ve thought in the past, that if someone really wants to change the world, they have to change the incentives, and that exactly what is what the creators of this site have done.

Since joining, I’ve had to stop myself a few times on other social networks, thinking “Is this the way I would phrase this if I were writing on Steemit? Can I find a way to be softer, more compassionate, more inclusive?” Of course, some people persist in unconstructive feedback, even despite themselves, but the signal-to-noise ratio on the site is still extremely impressive.

In this video, I give an introduction to why this new platform is interesting and may be the way of the future, and I read out an article which I published on the platform, which many people enjoyed, talking about what makes the site and its associated currency, Steem, valuable, and the reasons it may well succeed in the long run.

If you enjoy our posts, please have a look at The Paradise Paradox’s page on Steemit where you can join, earn money, and upvote our posts to help support the show! You can also find a lot of additional content which is not posted on this site, with Kurt’s posts on Steemit and Aaron’s posts on Steemit.

Here’s my original article, and here is the article I mentioned by Leah “Stellabella” Stephens.

To download the audio, right click here, and press “Save as”.

 

 

 

 

Episode 109 – Bitcoin Halving

The Episode:


To download the audio, right click and press “save as”.

Remember to subscribe on iTunes or subscribe on Pocket Casts.

If you enjoyed the episode, don’t keep it a secret! Feel free to share it on Twitter, Tumblr, Facebook, Reddit, or your office bathroom wall.

The Cash:

We really appreciate all of your contributions! Every cent and satoshi we receive lets us know that we’re doing something worthwhile, that you are entertained by our program, and that you’re starting to question what you know more and more. Please be generous. Donate to The Paradise Paradox. Or buy some stuff on Amazon using this link. Or buy some of our great T-shirts here.

The Story:

In this episode Aaron and Kurt discuss some of the late action to come to Bitcoin. Aaron recently attended the CDMX Bitcoin meetup in Mexico City, where he tunes into the Mexican bitcoin vibe. Although the spotlight was taken by Ethereum and the DAO, it was still a Bitcoin meet up. The Bitcoin discussion took focus on the upcoming Bitcoin halving, where the mining reward falls from 25 bitcoins to 12.5 bitcoins per 10 minute block. This deflation mechanism is built into the Bitcoin blockchain algorithm, as outlined in the Bitcoin White Paper. The bitcoin currency is receiving much price speculation as a result of the supply and demand economics of this mathematical change. The past months have seen a gradual rise in the bitcoin price – this is believed to be an early result of the near halving. However, with endless factors in the bitcoin price discovery, nobody can ever state for sure. What we do know, is that, Bitcoin is growing up.

We are now 33 days or less away from the halving and everyone is keenly watching the bitcoin price. With early and positive movements in the bitcoin price, we can only look for hints in the Bitcoin statistics. A note taken at the Bitcoin meet up – Mexican bitcoin exchanges are experiencing an increased in exchange activity, this is based on the increased inflow of fiat currency for the exchange for bitcoin. Not just the active trade activity, there are huge increases in the fresh money into the bitcoin economy.

Sometimes its difficult to imagine the Bitcoin money system growing to equal the government constructed and controlled one, but there are many ways to view Bitcoin. Some see Bitcoin as new money, others see it as a fast remittance system and some of us see it as a technological advancement in world communication. Bitcoin is all these things and more; this is the beginning of a completely new era of world finance. By this I mean, Bitcoin is the game changer that most of us have been waiting for. The increased adoption of Bitcoin will have very heavy implications for governance, social ideologies, world economics and trade – and will leave those who think they are in charge, questioning their own levels of control. Here, they will find no choice but, to let ‘man’ free. This is one that only Father Time knows how it will play out and maybe the true nature of the financial super hero!

The Eps:

The Links:

1967 Scrooge McDuck and Money

Why do big banks fear Bitcoin? 

Bitcoin Block Reward Halving = Upcoming Price Increase! – Trace Mayer Interview

Bitcoin Block Reward Halving – Countdown Clock

Bitcoin is built to incite peaceful anarchy

Record highs predicted as new supply halves

Episode 104 – Future Value of Bitcoin: The Block Size Debate

The Episode:


To download the audio, right click and press “save as”.

Remember to subscribe on iTunes or subscribe on Pocket Casts.

If you enjoyed the episode, don’t keep it a secret! Feel free to share it on Twitter, Tumblr, Facebook, Reddit, or your office bathroom wall.

The Cash:

We really appreciate all of your contributions! Every cent and satoshi we receive lets us know that we’re doing something worthwhile, that you are entertained by our program, and that you’re starting to question what you know more and more. Please be generous. Donate to The Paradise Paradox. Or buy some stuff on Amazon using this link. Or buy some of our great T-shirts here.

The Story:

Bitcoin has now been around since 2009, so far it has proven itself as a viable form of money, as well as a stand alone financial ecosystem for transferring value. However, as Bitcoin is growing in transaction volume, this next quarter might have its challenges and many have mixed ideas about the future of this new technology. Experts have been divided over the key issue – to increase the block size or not. Along with this long running block size debate, Bitcoin will soon reach another critical milestone – the next reduction in mining reward (bitcoin halving). Here we have what might cause to the additional growth of backlogged bitcoin transactions and a reduction in Bitcoin processing power.

In this episode Kurt and Aaron discuss their thoughts on these uncertainties and upcoming events of Bitcoin. For anyone invested in Bitcoin or interested in getting involved, its time to get serious about your crypto strategy. We all have a paradise of research ahead… Join us in a portfolio shaking and fingernail biting episode of The Paradise Paradox!

[Edit: Kurt says that Bitcoin Classic isn’t widely used, but that’s incorrect, as Bitcoin Classic is now approaching 25% of total Bitcoin nodes. 10th of May, 2016]

The Eps:

Episode 75 – Andreas Antonopoulos: The Disruptarian
Episode 76 – Is Wright The Wrong Satoshi
Episode 78 – Humberto Quintanilla: PulseBTC
Episode 79 – Amanda B. Johnson & Pete Eyre: The Daily Decrypt
Episode 80 – Diego Gutiérrez Zaldívar: SystemaD
Episode 82 – Tuur Demeester: Adamant Research
Episode 84 – Bitcoin Price Factors (BTC halving)
Episode 85 – Diaz Rodolfo: Musical Bitcoin
Episode 52 – The Panopticon & Your Privacy: Juan Galt

The Links: