Tag: ethereum

Don’t Get Goxxed – Bitfinex, Bittrex & Coinbase

The Story: Stay safe from counterparty risk

A lot of money is flowing into the digital currency market, and certain exchanges such as Bitfinex, Bittrex and Coinbase are having a hard time keeping up with all the orders.

Bitfinex has quickly implemented deposit fees for deposits under $1,000, and withdrawal minimums of $250 or more. They’ve also increased the confirmations required for deposits, for example, Dash deposits now require 9 confirmations instead of 6, and sometimes even when the 9 confirmations are reached, the funds are still not available. Withdrawals can now take 24 hours to process – a long time to sit and sweat wondering if your money will ever come out.

Perhaps these are just symptoms of a market expanding, with infrastructure not fit to deal with increasing demand. However, it’s possible that they’re indications of greater problems. When it comes to money, it doesn’t hurt to be careful.

The Cash:

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The Episode:

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The Dash instamine and why it doesn’t matter

When a digital currency is mined before it’s released to the public, that may be a symptom of a scam – but it doesn’t prove without a doubt that it’s a scam. It may be an indicator that the creators just intend to boost up the value of the currency a little, sell their holdings, and leave. However, if we find that the creators continue to work on the coin long after any get-rich-quick scheme should have expired, is it still reasonable to say that the coin is a scam?

 

Ethereum’s New Financial Paradigm with The Last American Vagabond

The Episode:


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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:

Aaron had the chance to jump on The Infinite Expansion podcast with fellow Anarchapulco attendee, Tim Bryant, of The Last American Vagabond, to have a discussion about the benefits of Ethereum and how it is ushering in a new era of financial technology – even while many banks are still just getting involved with blockchain technology, and many regular people still don’t know what Bitcoin is.

Ethereum is billed as an “international computer”, a way to execute computer code using a widely distributed network all over the world, a development which not even its users and developers yet understand its full implications or possible implementations.

Aaron and Tim talk about the benefits of Ethereum to be used in smart contracts, how it might work in conjunction with other cryptocurrencies, and how cryptocurrency is sometimes rejected in the truth movement, even though it might well be perfectly aligned with their goals.

Join us as we propel ourselves into the future on this next episode of The Infinite Expansion podcast and The Paradise Paradox!

The Eps:

Episode 50 – Juan Galt: Ethereum and the Future

Episode 75 – Andreas Antonopoulos: The Disruptarian

The Links:

Tim’s website The Last American Vagabond

 

Episode 108 – Ether, Slock.It and The DAO: Decentralised Autonomous Organisation

The Episode:


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

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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:

Many people are just starting to hear about Bitcoin for the first time, and grappling with all their brain cells to understand the basics of how it might function, let alone its implications. Meanwhile, those who have been interested in cryptocurrency for years are continually looking forward to try to imagine or develop the next big thing, building on top of the base which Bitcoin has laid, and pushing into ever-more disruptive territories. The DAO, or decentralised autonomous organisation, is one project which has many people’s eyes fixated on it.

The DAO is a platform on which decentralised applications might run, allowing for decentralised arbitration services which move further towards making government courts of law redundant. Within a few short weeks, the DAO raised about $130 million through crowdfunding – the largest crowdfund in history to date. Of course, this is no guarantee of its success, but it does indicate the level of public support and faith that this project has behind it.

Will the DAO go on to transform the world? Or is it merely a stepping stone to building something even more ambitious, transformative, and disruptive? We discuss its potential in this episode of the Paradise Paradox.

Disclaimer: We are not financial advisors, we have no idea what you should do with your money, and we don’t claim that we do. Do your own research before making any financial decision, and be careful.

In the interests of disclosure, note that we do own Bitcoin, Ether and DAO.

The Eps:

Episode 50 – Ethereum and the Future: Juan Galt

The Links:

Andreas Antonopoulos on decentralised arbitration

The DAO – a radical experiment that could be the future of decentralised governance