On today’s show, Preston talks to software engineer and Bitcoin core developer, Jimmy Song. Jimmy covers a wide range of topics on how software is developed, deployed, and updated into the protocol. He also covers risks and concerns that many users of the protocol often voice.

What do you love about our podcast? Here’s our guide on how you can leave a rating and review for the show. We always enjoy reading your comments and feedback!

Preston Pysh (00:00:03): Hey, everyone. Welcome to our Wednesday release of the podcast where I’m covering Bitcoin. Today’s guest is a well-known software engineer and core developer to the Bitcoin protocol, Mr. Jimmy Song. Jimmy has numerous contributions to the current software baseline, and he’s the author of the go to textbook, Programming Bitcoin.

On today’s show, we get into how updates are made to the code, how these updates are tested by a decentralized group of software engineers, then how does the update get deployed? How do full node operators adopt the code? What risks are associated with this process and much, much more. Jimmy talks about other blockchains. He talks about quantum computing. There’s a lot of variety in this and it all relates to the engineering and it comes from a guy that’s written some of the code itself. So, without further delay, here’s my chat with the one and only, Jimmy Song.

Intro (00:00:53): You are listening to Bitcoin Fundamentals by The Investors Podcast Network. Now for your host, Preston Pysh.

Preston Pysh (00:01:12): All right. So, hey, everyone. Welcome to the show. I’m super pumped to be here with Jimmy Song talking Bitcoin and Bitcoin tech. Jimmy, welcome to the show.

Jimmy Song (00:01:21): Well, thanks for having me. It’s a pleasure to be on. I appreciate that you were on my podcast. So it’s a little nice exchange here.

Preston Pysh (00:01:28): This is fun because we were talking all investing and now we can talk all the tech and engineering and all the really good stuff. So let’s dive into this, Jimmy. Let’s start off. A lot of the folks that listen to our show really kind of come out of traditional finance, and are just getting introduced to Bitcoin for the first time through the show, and you’ve been in this space for years. So, I just want to give the audience a little bit of background on you. So tell us your story. Tell us how you got attracted to Bitcoin. What year was it? Talk to us about some of that stuff.

Jimmy Song (00:02:51): The thing that immediately attracted me was one of the first things I learned, which is that there’s 21 million. And that human instinct, I think, is to collect anything scarce. And as soon as you find out that there’s only 21 million there’s sort of like a tendency to want it, right? This is something that I recognize as sort of inborn. I remember collecting baseball cards when I was little. I still remember, I think it was the Billy Ripken Fleer card that had like a little curse word at the end of the bat. There was only like a small number of them that got printed before they airbrushed that out, or something like that subsequent printings. But that was worth something because it was rare, right? It was scarce.

Jimmy Song (00:03:33): That same instinct, I think sort of caught me when I first learned about Bitcoin in 2011. Of course, I was kind of primed for it because 2008 was when all of the financial stuff was happening. And that led me sort of down a libertarian rabbit hole of what’s going on, why is the system this way? I wouldn’t say that I understood all of what was going on back then. But it gave me enough of an impetus to be open to Bitcoin. And the 10 years since then has been something of a journey and learning the various aspects of Bitcoin, not just programming, which we’re going to talk a lot about, and the technical, but also the economic aspect of it, the social aspect of it, the game theory aspect of it, and so on.

Preston Pysh (00:04:17): So, you find out about this, and you see people talking about it online, then you immediately start diving into some of the conversations with some of the people that are working on updates to the code. Is that correct?

Jimmy Song (00:04:29): Well, I didn’t get into actual contribution as a coder until 2013. So it took me a couple years. At that time, it was just sort of like it was so hard to get any information whatsoever in 2011. It was literally just maybe a few websites. Nowadays, you have explainers and YouTube videos and all that stuff. Back then it was literally just like Bitcoin talk forums, and then Mt. Gox. That was about it. It was a guy who had tried to sell Bitcoin for PayPal that I found, but his account was shut down three months before that. So, I obviously couldn’t buy from him. It was difficult even to just get your hands on Bitcoin. At the time you had to… The only way was really Mt. Gox or there was an exchange where they would take a personal check, but that sounded super sketchy to me.

Preston Pysh (00:05:19): So if you bought it on Mt. Gox back in this 2011, 2012 timeframe, were you just keeping it on the exchange because it was too hard to really kind of secure it yourself?

Jimmy Song (00:05:29): Yeah, more or less. So, I had to get it to Dwolla and then do all I had to transfer it to Mt. Gox. And then you could go buy Bitcoin and then if you had your own wallet software, then yeah, you could do it. But there really weren’t that many wallets, right? There was literally the Bitcoin Core wallet, which you had to run like a full node in order to do and that took… I mean, it was a lot less back then. But you had to sync it and so on. You can use I think Armory was the other one, blockchain.info was another one. I didn’t really want an online wallet. I think I did open one, and I remember getting 0.05 Bitcoin from a faucet and I kept it in that wallet. And now it’s worth a few thousand dollars.

Jimmy Song (00:06:15): Oh, man. So that was from a faucet, just people were giving it away. So things have changed significantly. But yeah, I mean, 2013 was when I really got into the coding aspect of it. And that was actually kind of triggered by what you said. My coins were on Mt. Gox at the time, and I had some friends that were telling me, “Hey, you should really get your coins off of Mt. Gox. I’m just hearing some sketchy things going on over there.” And this was summer of 2013.

Jimmy Song (00:06:43): So, I looked into the different wallets and I found Armory, downloaded Armory and put the coins into my Armory wallet. I thought it was very non-performant and stuff, which is ironic because I ended up going and working there a couple years later. But that was how I got my Bitcoin and thank God I did that. Because a few months later Mt. Gox turned out to be insolvent, and they’re still in litigation over getting compensated for the coins that they add on Mt. Gox. So I got it off, and I was very fortunate. I’m very grateful to the friend that told me to take it off.

Preston Pysh (00:07:20): Because I mean back then, I mean, you’re talking, it was not uncommon for a person have thousands of coins on Mt. Gox, thousands, right? Crazy.

Jimmy Song (00:07:29): Easily, thousands. [crosstalk 00:07:30]. There were a lot of people that lost a significant amount of Bitcoin on Mt. Gox because it wasn’t a thing to sort of self custody or people hadn’t learned the lessons. And the thing is, there were other exchanges besides Mt. Gox that had gone bankrupt because they got hacked or something before then and people still didn’t learn. And this is why to tell yourself blessed these days because there’s so many wallets, and many of them are hardware-based, and so on. So, it’s a lot easier now. But back then it wasn’t.

Preston Pysh (00:08:01): And you can see how ingrained this is in the culture. If you’re on Twitter, and you’re talking to anybody that’s been in the space for a while. I mean, they’re just like you got to secure your own keys no matter what because Mt. Gox and whatnot. But you started doing contributions to the code come 2013, 2014. Talk us through what that process is like.

Jimmy Song (00:08:23): Yeah, so I’m attributed to lots of different Bitcoin projects. And there’s not just one, there’s lots. Bitcoin Core is the one that everyone knows because that’s the node software that you run if you want to validate the entire Bitcoin ledger and so on, which is very helpful because then you don’t have to compromise your privacy whenever you want to know your own transactions and so. I first started contributing to sort of like a fringe project. At the time, it was called color coins in 2013. And it was headed up by a guy in the Ukraine. And basically, the way open source contribution works is that you write code, and then you put in what’s called a pull request, which is sort of like code changes that you’d like to see usually adding some functionality or testing or something like that.

Jimmy Song (00:09:12): Somebody reviews it, and it could be one or more people, and then they accept the pull request that gets merged into the code base, and it becomes part of that software. This is just a normal process in a lot of software development organizations. So, to be honest, in industry, that level of verification actually isn’t followed a lot. I’ve been at development shops where people patch things directly on production and things like that, which is kind of crazy to me, but that’s what they do and they haven’t been burned yet. So I guess it’s okay or whatever.

That’s how open source contribution is. You make a contribution. You do a pull request. The contributor puts it in and then the people that sort of like… other people review it and then it gets merged, and so on. And this is how Bitcoin Core works except the process is a little more strict because we’re talking about people’s money, and you want to be absolutely certain that it’s not going to harm anyone. Kind of like the Hippocratic Oath, first do no harm.

Preston Pysh (00:10:14): So Jimmy, who determines that it’s a stricter process because it’s decentralized?

Jimmy Song (00:10:19): Bitcoin Core, basically is a project on GitHub right now, though, I think Wladimir has put it on various Tor services in case they have a big platform, Bitcoin Core. But basically, it’s software, and there’s a lot of core developers. I think over 500 people have contributed to core, including anonymous developers. After you put in a pull request, members of the community review it. And usually, you need multiple members of the community to say this looks good, and it’s not going to do any harm. And if it’s a critical part of the code that might cause some harm then a lot more review is required. And usually, they ask for us to prove that it’s not going to do any harm. Maybe even like some performance metrics or studies and so on just to make absolutely certain.

Jimmy Song (00:11:12): When Peter Wuille did SegWit many years ago there were a lot… I mean, there were literally like 20 people that reviewed it, and multiple people that made sure that everything worked the way it was supposed to, and so on. That level of caution is definitely good because it makes sure that nothing bad gets in. But at the same time, it’s decentralized because anyone can fork the code at any time. I can copy the entire code base and run my own software with whatever changes I want. Now, if I make a mistake in that code, then it’s entirely my fault. That’s sort of like anyone’s right. So, Luke Dashjr, for example, he’s a core developer. He has his own fork called Bitcoin Knots. And that has some of the enhancements that he wanted to see that core developers didn’t necessarily agree belong there. So, he made his own and you can go run Bitcoin Knots if you want, he makes it available.

Jimmy Song (00:12:09): That’s part of what makes it decentralized. And Bitcoin Core isn’t the only software that runs “a full node” or validates the entire ledger and so on. There’s also something called BTC.D, D coin. There’s another one written in C by Amir Taaki. I can’t remember its name for some reason. And there’s another one written in Haskell and so on. So there’s a lot of different software that can do essentially the same thing. And they have their own processes and so on. I’m just describing to Bitcoin Core because that’s the one that most people tend to use because it’s based on Satoshi’s original software, and so on.

Preston Pysh (00:12:48): You had mentioned earlier that Peter Wuille with his update for SegWit, this is the 2017 timeframe. For people that don’t understand what that update was this was really to allow Bitcoin to scale. This update was massive in the 2017 timeframe. How did people… So when you make this update, and you put it out there, how do you get all the full node operators to adopt it? Like the network effect of running the code that already exists versus an update seems to me like it would be such a hard hurdle or such a hard sell for people to update? So talk us through what that’s like, is it hard? Is it easy in some respects? Just kind of give us some inside information on how that process goes down?

Jimmy Song (00:13:35): One of the things about Bitcoin that’s I think, more or less unique among all of the other all coins and so on is that it’s always backwards compatible, so you don’t have to upgrade if you don’t want to. It’ll run just fine. That was true of SegWit as was every other update more or less. It didn’t require “a hard fork” which would be a backwards incompatible. So because it’s a backwards compatible, no one forces anyone to upgrade. But if you do upgrade, you get all these benefits. For example, you have one of the things that SegWit fixed was transaction malleability. You can now do SegWit transactions using an upgraded node, which don’t allow transaction malleability. And if you don’t have transaction malleability, well, now you can open lightning channels much easier. And that means that you can use it for a lightning, wallet, and so on.

Jimmy Song (00:14:27): So there are all these benefits. If you want to use them, then you have to go and get upgrade, but you can run software from 2014 if you want to. And it’ll still work on the network. But if you want these new features, it’s sort of like gives you a natural incentive to go do it.

Preston Pysh (00:14:46): Jimmy, I’m sure you don’t know the exact number off the top of your head. I’m curious how many people are still running some of the older versions? Like so when you look at the latest version that’s out what percentage of the full node operators are running that versus the version before or the version before that?

Jimmy Song (00:15:03): I think Jameson Lopp has satoshi.info or something like that. You can go look at what clients people are running, and you can query the network. They can lie to you, but there’s no real reason to, and you can find out what client they’re running. And it might be, most of them are running Bitcoin Core. I think something like 90%, or some version of Bitcoin Core, but others are running BTC.D or Bitcoin or some of these other clients. And you can find out exactly the split. That’s something that you can go and find out at any point. Of course, not every node is broadcasting or connectable, or what Luke Dashjr calls reachable. So it’s possible that those statistics aren’t exactly accurate, but at least you can get a good idea of who’s running previous versions.

Jimmy Song (00:15:50): But generally, what I’ve noticed is that node operators or if you’re running your own node, generally what people will do is they won’t upgrade until, I don’t know, six months after it’s release. And a lot of car buyers are the same way. They won’t buy the newest year model, if they just changed everything. They’ll buy the year after because they’ll fix all of the things that they didn’t think of or whatever. That’s a perfectly legitimate way to go, especially when you’re talking about other people’s money. Different people have different risk profiles. But that’s the beauty of it is that you don’t have to upgrade if you don’t want to, but there are benefits to upgrading so many people do.

Preston Pysh (00:16:28): So there’s a lot of talk right now about Taproot, and first just describe what this is. This is an upgrade to Bitcoin, tell us… And it’s not a hard fork, but it’s an upgrade. Talk to us about what it is and what benefits it brings to the network.

Jimmy Song (00:16:45): Yeah, so Taproot is something that Greg Maxwell, I think, proposed a couple of years ago, and it’s got a lot of things. And there’s a lot of different technologies that are clumped in with Taproot. But essentially, it allows you to sort of get a little bit more privacy. Currently, if you are a single key address, it’s pretty obvious that you’re a single key address versus a multi SIG address. What Taproot does is it combines those, so you can’t tell if it’s singlesig or multisig just by looking at the address. It allows a lot more complicated logic that is very useful. So instead of two of three, you could have to have two of three, or four of five, or seven of eight, many more different combinations. And you can essentially have infinitely many conditions to unlock a particular coin. So this can be very useful for security.

Jimmy Song (00:17:44): You can, for example, have a single key, but should you lose the phone that had the single key you could have as a backup three or four of your friends whom you give slices to or you use their keys or something like that, then they can recover your coins for you, which is absolutely magical, right? That’s a huge win from a security standpoint. There’s also something called Schnorr signatures, which let you essentially do multisig, but in a way that it’s not obvious, and doesn’t take up as much block space. Right now, if you’re doing like a two of three multisig, on the blockchain as part of the transaction that unlocks that two of three multisig, you have to have two different signatures and three different public keys that are in it. And those are fairly expensive. A signature is like 70 something bytes, and a pub key is like 33 bytes. So, if it’s a large multisig like five of seven it adds up and it gets kind of expensive.

Jimmy Song (00:18:47): What Schnorr allows you to do is to aggregate signatures and aggregate pub keys. So that means that you might have seven pub keys, you can aggregate it down to one, so it ends up being like 32 bytes or something like that. A signature instead of like five times 73 bytes because of the new formatting and stuff like that, it ends up being a single thing of 64 bytes always. So all of those things are absolutely wonderful for saving block space and getting it in cheaper and stuff. But the real thing for me is the next upgrade, which this enables, which is cross input aggregation, which eventually will incentivize coin joins by making it economically advantageous to combine transactions with other people, which I think will be really good for Bitcoin privacy.

Preston Pysh (00:19:42): So, give us an example of that.

Jimmy Song (00:19:44): So, for example, what a coin join is, is you take all your inputs of a transaction and all your outputs and combine it with lots of other people’s inputs and lots of other people’s outputs. And that sort of obscures where your coins are going. Right now that if you have like 10 inputs and 10 outputs, well, then you have 10 outputs worth of pub keys and signatures. With Schnorr, you reduce them down to one and one which will be after Taproot. But with cross input, what you can do is you can take all 10 of those input signatures and combine them down to one, all 10 of those input pub keys and combine them down to one. So now you only have one signature and one pub key for 10 inputs. And doesn’t matter if you have 10 inputs or 30 inputs, right? It’s always one signature and one pub key.

Jimmy Song (00:20:35): So, from a fee perspective, you have less data going in on a per input basis. So that means that it’s going to be cheaper. So as a result, what you end up getting is coin joins, lots of coin joins. It’s economically incentivized, so more people will do it meaning that the anonymity set gets bigger and you get more fungibility, if you will.

Preston Pysh (00:21:00): So, I’m going to jump to a question I had later on. Michael [Flackman 00:21:03], he had a question about your thoughts on transitioning to a fee based, and that we’re talking years from now. But based on that update that you just described, it seemed like the miners are going to have less incentive to capture some of the fee. Like that would be some of the offset of what you just described?

Jimmy Song (00:21:20): Well, I mean, they’re not going to capture as much of the fee because essentially you’ll be able to fit more transactions in a block. But yeah, I mean, transaction demand is continually increasing, and I think that’s just going to be the case as Bitcoin gets more popular. His question, though, is about how will this transition happen? Because right now, miners are getting the miner reward, which is 6.25 Bitcoins, and Bitcoin fees, which I think is around one Bitcoin, if I’m not mistaken. Two more havings from that I think that the fees are going to actually be greater than the reward. At that point, the fees are the majority of miner revenue, and the halving after that it’ll be over 75%, and so on.

Jimmy Song (00:22:09): So I suspect that that will continue to be the case. And that will sort of change the economics quite a bit. And where miners will be very hyper vigilant about fees and making sure that they take the best transactions that pay the most, and optimizing for that rather than finding the block which many miners do. They’ll find an empty block to just get that reward sometimes because it’s optimal for them. But that will no longer be the optimum at a certain point when fees are the majority.

Preston Pysh (00:22:43): Going back to the Taproot to just cover this just a little bit more. So how many years was this in development by the person that’s developing it or the people?

Jimmy Song (00:22:53): So it’s been in development for a few years now. It’s had a lot of different people contribute to it. I think Peter might have written the actual code at the end that’s being merged, but AJ Towns and lots of other developers. I would say easily 10 developers have worked on this. There’s been a lot of another 20 or so that have reviewed it. There was a Bitcoin Core review club where they just went over all of the different aspects of Taproot and went over the code and had basically reviewed it as a group, and so on.

So, it’s been going on for a couple of years. This past year, I think, was a lot of review. They found some things that they wanted to change. So it had to be resubmitted. I believe the code has been merged into the latest release, but it’s not activated yet. And right now, the point of contention is how do we activate it? Because the last activation system that we used in 2017 didn’t go so well. So, I think that-

Preston Pysh (00:24:03): Are you talkinG Jeff Garzik thing?

Jimmy Song (00:24:06): The activation thing, that mechanism in 2017 was something called Bit9, and essentially what Bit9 does is it waits for miners to say that they’re ready, 95% of mining hash power to say they’re ready before it actually activates. It was meant to be sort of like a courtesy to the miners. Like, “Okay, you guys need to update this. And then when you’re ready, we’ll trigger it.” They saw it sort of as like their ability to veto this change. A lot of people in the community didn’t like that. This led to a lot of words back and forth, and then Barry Silbert came up with the SegWit 2X agreement, which none of the users were invited to, and none of the developers. It was just a bunch of companies. Of course, there was a lot of strife and arguing back and forth.

Jimmy Song (00:24:58): Ultimately, the users won because they said, “All right, you know what, you guys can do whatever you want, but we’re going our own way. We’re going to have something called the user activated software, and we’re going to activate SegWit no matter what do you want to do.” And that won. That made the miners capitulate.

Preston Pysh (00:25:15): This is a really, really important part for the history of Bitcoin that people are hearing right now. Because in this situation, this all happened in the summer of 2017 that he’s talking about. What really at the end of this the so what, at least in my opinion, I want to hear your so what. My so what was miners can have this opinion, but at the end of the day, the users, the people that are running full nodes, the person who can set up a full node in their house and say, “This is the software that works best for the majority of participants in this network.” They have the voting rights. It’s almost like a corporate governance thing. And in that example, that was very contentious like you’re describing, we all learned that the users, everybody who’s part of this network. I’ll just say the small people like myself had the power to really govern where the network was going. And you agree with that?

Jimmy Song (00:26:09): Yeah. That was a significant moment in Bitcoin’s history. And for me, it proved that the corporations weren’t in charge. This is just so rare in-

Preston Pysh (00:26:24): In anything.

Jimmy Song (00:26:24): … in anything because whenever corporations and government get together they get whatever they want-

Preston Pysh (00:26:30): That’s right.

Jimmy Song (00:26:31): … anywhere. This is the one instance where all these corporations came together, and they failed, and the users won. It was just sort of like, “We could win? This is actually possible?”

Preston Pysh (00:26:43): When in history has happened? Yes.

Jimmy Song (00:26:46): It was significant because like you said, you’re a master of your own node. If you run the code, they can’t make you change it. And that’s essentially what these corporations were trying to do is say, “You have to run the code that we tell you,” and the user said, “Nah. No, thanks.” They managed to get everybody else to capitulate, and SegWit2x never happened although Bitcoin Cash did happen, and that was an interesting experiment as well because we didn’t know if a hard fork would survive and it did. And it still survives to this day although it has very little of the value. I think it is like one and a half percent of the value of Bitcoin or something like that. It taught us a lot of lessons, and it showed us essentially that Bitcoin is anti-fragile in many ways.

Preston Pysh (00:27:36): Yes, very much so. Hey, so this kind of topic is interesting because when I hear complaints or you hear the FUD on Twitter, one of the things that comes up a lot of the times is this idea of hashing power being consolidated into a specific region. And the one that is most often brought up is China. And I think that what we were just talking about is this vote of a full node operator and the corporate governance is the terminology I’m using for that node operator having a vote. I think you get into a really interesting discussion when you combine that with this idea of concentrated hashing power. So, I’m curious to hear some of your thoughts on that idea.

Jimmy Song (00:28:19): A lot of that hashing power is in China right now. And the reason is actually much more practical than you would think. Essentially, a lot of chip manufacturing is in that region. A lot of heat sinks, and parts, transistors and all that stuff, it’s all manufactured over there. So it’s not a surprise that a lot of the people that can take advantage of that are Chinese. In addition, they also have a lot of really cheap electricity. In large part because the Chinese government has subsidized the construction of these very large hydroelectric dams, and basically in the middle of nowhere. Because if you’re building a dam, you don’t want a near population center because if something happens to dam then the population center is screwed.

Jimmy Song (00:29:04): So these are often in the middle of nowhere. And as a result of that because of electricity transmission costs, what you end up having is these dams that can generate a lot of electricity, but it’s not worth transmitting them to the nearest city beyond the certain amount because it costs too much. So the uniqueness of Bitcoin mining is that the mining equipment can actually be moved, it’s portable, and you can put it wherever there is electricity. And a lot of these Chinese miners, they have access to the equipment. They were able to go to these hydroelectric dams during rainy season when electricity is especially cheap, and get a lot of that excess capacity and use it for mining and so on.

Jimmy Song (00:29:51): After a rainy season, they might go elsewhere and so on. But that’s sort of been why mining has been concentrated in China. But the latest reports that I’m seeing is that less than 50% of all hashing power is now in China. There are countries that you wouldn’t expect that have a significant amount of hashing power right now, including countries like Iran, which apparently currently has somewhere around 8% of all hashing power, which I think is more than Canada, which is kind of crazy. There are other places like Russia and Kazakhstan and Sweden and Iceland that have access to really cheap electricity that ended up going towards those as well.

Jimmy Song (00:30:30): Now, as far as sort of the decentralization aspect of this hashing power. If China went offline tomorrow. If the Chinese government said that it is illegal to mine in our country, and just completely raided all of these mining facilities and shut them down, what would happen? Well, you’d still have the other 50% of hashing power. And that means that blocks would be slower, fees would be higher, but the Bitcoin network would still chug on. And in fact, this was one of the arguments during SegWit2x was even if the miners held 80% of the hashing power, which we thought was on the high end of all the miners that would cooperate with SegWit2x, Bitcoin would still have 20% of the hashing power. So, you get 50-minute blocks, hour blocks, something like that. It would still keep chugging along. And because Bitcoin has difficulty adjusting every 2,016 blocks, after 2,016 blocks passed, then it goes back more or less towards 10 minutes.

Jimmy Song (00:31:33): Now, it’s possible that the miners collude to try to attack the network. And there was a lot of discussions around that. But that ends up not being that much of a threat just given what we’ve learned about different forks. For example, Bitcoin Cash right now has like 1.5% of the hashing rate of Bitcoin, and any large miner could easily attack Bitcoin Cash, but they don’t. In part because they don’t matter. In a sense, if you’ve already won, then you don’t really care. And the thing is, the economic game theory is such that whatever has the more economic value, that’s where miners will be incentivized to go. You’d be mining at a loss and have a tremendous opportunity cost if you mined on a worse chain.

Jimmy Song (00:32:19): So even if Bitcoin at that point had 20% of the hashing rate, the other 80% would be mining at a loss. And they would either go bankrupt or have to switch. So, in a sense the miners, this is one of the things that we recognize after game theorying out everything is that the miners work for the network. It’s not that the network works for the miners. And that was one of the big key things that we learned out of that whole year was that wherever the miners are, economically, they are incentivized to go with the strongest network, the network that the users want. And that’s why users are ultimately sovereign over the entire network.

Preston Pysh (00:33:04): So let’s just pull the thread on a scenario that doesn’t make any sense. But if you got a sovereign nation that really wanted to go after this thing, and let’s just say, let’s just say that in China there’s 55% of the hashing there, even though we know that these aren’t the numbers. Let’s say the sovereign nation steps in and says, “We want to attack this network. We want to take it down.” They get all their miners to come online, and they try to attack it. What is the attack? When we talk about a 51% attack, describe what it is and describe in detail what it is that they’re able to actually attack. And then talk about as we would march 15 days into the future after the attack happened, how it has to be sustained, and all those types of factors. Walk us through this attack.

Jimmy Song (00:33:52): Here’s what a 51% attack is. Every 10 minutes, you essentially get a new page in the ledger. We call this a block, right? It’s a list of transactions that’s in the ledger, that goes into the ledger, that every node in the world validates as consistent with the rest of the ledger, and so on. But sometimes, once in a while, though, you’ll get two candidates for the next page, and they might have some differences. And in that case, every node is supposed to figure out, wait until one of them has an additional page built on top of it. And whichever is longer, that’s what they keep. So at any time, if you see a longer chain than the one that you currently have, then you’re supposed to take the longer chain with more proof of work.

Jimmy Song (00:34:34): That’s at the heart of what a 51% attack is, is it rearranges the ledger in some way. So a very simple 51% attack would be you first send 100 Bitcoins to an exchange as part of of that block. Say that they don’t wait for more than one confirmation, in which case, you get credited right away. Somehow you’re able to withdraw I guess 100 Bitcoins is like times 35,000, I guess three and a half million dollars or something like that.

Preston Pysh (00:35:12): Yes.

Jimmy Song (00:35:13): You’re able to withdraw three and a half million dollars, and then using the hash power you have on hand you create two blocks before the rest of the network finds one. And instead of the 100 Bitcoins going to the exchange, you send 100 Bitcoins back to yourself, in which case that transaction is no longer valid, and you have 100 Bitcoins, and three and a half million dollars. That would be a way to attack it.

Preston Pysh (00:35:42): But you’re only talking about one transaction in that block.

Jimmy Song (00:35:46): Correct.

Preston Pysh (00:35:46): You’re not talking about rearranging all the transactions in that block, correct?

Jimmy Song (00:35:50): That’s correct. So essentially, what a 51% attack is, is it allows you to do what’s called a double spend. It lets you spend 100 Bitcoins twice, once to the exchange, and once to yourself. So you get to have your cake and eat it too, essentially. You can eat it by converting it to three and a half million dollars. Now, there’s a lot of risks in that scenario. First of all the exchange might sue you. If you tried to do that, well, they know where they sent the money through the Fiat system. So, they’re going to go and find out from the bank and see if they can recover the bank that way, or slap a lawsuit on the bank, and I know of no exchange that gives you a suitcase full of cash, so that’s not going to happen.

Jimmy Song (00:36:38): And second, you don’t know that you’re able to get more blocks than the other part. It’s all probabilistic. You don’t actually know that you have 55% of the network. Now you might, but it’s not probabilistic. The other chain might find it faster than you just because let’s say 60/40. Well, 40% of the time, they’re actually going to find the block before you so you don’t know. And essentially, you have to be longer before you can broadcast that. So, there’s a lot of tricky things there.

Preston Pysh (00:37:14): Well, don’t you have to keep up? You have to keep becoming the longer chain and outpacing everybody else block after block. How far out under an attack like this would you have to keep finding the very next block faster than everybody else for everyone else to start building on the chain that you had built?

Jimmy Song (00:37:35): Yeah. The way that nodes work is basically if I’m a node and I see one chain with one block, and another chain with two blocks then I have to take the two. That’s how the logic in the code works. But here’s a weird social aspect of it. Say you have three blocks and then suddenly something with four blocks comes along. You’re supposed to take the four, but pretty much everyone is going to be alerted that you had a three-block reorg, which is going to ring alarm bells everywhere, including exchanges, where they’re going to be like, “Okay, we accepted this deposit. Now we’re going to have to do something.” And every exchange has, or at least any good exchange should have some protocol for what they do if you have a four block reorg or something like that, especially if you take three confirmations because it might be an attack against you.

Jimmy Song (00:38:26): That means that at that point, we don’t really know what’s going to happen. It really hasn’t happened. But one of the things that you can do as a node operator, remember you’re a master of your own node. If you’re a node operator, and you’re running your own full node, one of the things you can say is, “Reject the four, I’m going to go with the three.” And you can say, “Disconnect block.” It’s a simple command, you type it in, and it says, “Well, I’m going to go with the one that was there before instead of this for blockchain that just suddenly came online in the last five minutes,” in which case it might not succeed. So there are so many ways in which this thing could go wrong for this sovereign nation state. And one of the things that I remember that Andreas Antonopoulos said, “Okay, so they produce all this equipment, they run this thing, and they do it for one double spend,” then he starts slow clapping.

Preston Pysh (00:39:22): Yeah. I mean, it’s crazy talk. I’m curious for a lot of these exchanges, how many blocks do they need to call it officially cleared, and they’ll let you start transacting with it again?

Jimmy Song (00:39:37): For Bitcoin, it’s usually three. Maybe if they’re a particularly strict exchange, they might require five or six. But I mean, even three blocks is a lot of hashing power. And that’s a lot of energy that you have to expend in order to do that. And then for this “sovereign nation state” that’s three blocks of mining reward at least. So that’s what 6.25 times three, 18.75. I mean, you’re looking at close to a million dollars. I mean, not quite, but I think it’s like $700,000 or something that. That’s a lot of money just to do that.

Preston Pysh (00:40:17): And you’re only reversing one transaction.

Jimmy Song (00:40:19): Yeah, I mean, I guess you could do multiple exchanges at the same time or something, if you’re particularly committed to it, but that’s $700,000 just in energy costs. There are also capital costs of all the mining equipment. And there’s, of course, sort of like social coordination to make sure that you have some arguments so people don’t just disconnect your chain. I mean, there are just so many aspects to it that an attack like that is at least in my mind not realistic.

Preston Pysh (00:40:51): Really improbable. Yeah, really improbable.

Jimmy Song (00:40:53): Socially, I don’t think anyone would accept it, and they would clearly see this as an attack and just cut it off. You could try. I mean, you could have a nation state do 100 block reorg. There’s no way in hell anyone is going to accept that because they’re going to say, “Okay, these 100 blocks appeared out of nowhere, I’m just going to disconnect it.” That’s it. Now, with other chains, this is a little different. The game theory is a little different. And there’s a reason why if you’re trying to deposit Bitcoin SV into Bitfinex that they don’t accept anything until 50 blocks have gone.

Preston Pysh (00:41:27): Wow.

Jimmy Song (00:41:28): Because there’s a lot of ways in which the exchange can get screwed. So that’s just sort of the game theory of it all.

Preston Pysh (00:41:37): So, Jimmy, Stock-to-Flow is suggesting we’re going from probably 10X from here. If true, the 700,000 becomes seven million for three blocks just within a year from now.

Jimmy Song (00:41:49): Just in energy costs, yeah.

Preston Pysh (00:41:50): Just in energy cost alone not even getting into what you were describing earlier, which is that people just unplug. When does this question that I just asked you go away?

Jimmy Song (00:42:00): I mean, I think it’ll always sort of exist in the popular mind in a way. But the longer it doesn’t happen the more people are able to dismiss it. It’s one of those things that will always be kind of a question in their mind. I mean, I hear questions about like quantum computing. It’s like one of my pet peeves.

Preston Pysh (00:42:22): Well, let’s go there. Let’s go there. I want to hear.

Jimmy Song (00:42:25): Well, the thing is very few people actually know the details of quantum computing. And they have these popular misconceptions that somehow quantum computing can do exponential calculations in linear time or something like that. That’s not the case at all. And if you know anything about quantum computing, you recognize that the engineering challenges are so difficult that you need three or four breakthroughs that are the equivalent of essentially doing cold fusion before you’re anywhere near being able to do something like that. And we still don’t have cold fusion. So, there you go.

Preston Pysh (00:43:00): Do you really see the engineering challenges as being equivalent or at parody with cold fusion type things?

Jimmy Song (00:43:07): Even setting up a Qubit is incredibly difficult. It’s literally atoms at nano degrees above absolute zero, and you have to keep them in this weird quantum state for a significant amount of time. And you have to error correct for the fact that these atoms have half-lives and things like that. [crosstalk 00:43:26]. And then you have to keep it in some sort of like that quantum state until you observe the thing that you want to observe. So if anything leaks and that shows prematurely then you’re not going to be able to observe the thing that you need to observe. There are so many little things like that from an engineering standpoint that, I mean, obviously, it’s captured the imagination of DC. So, of course, they’re going to write articles about it or whatever.

Jimmy Song (00:43:54): But from an engineering standpoint, it is extremely difficult, and I don’t think people really appreciate how difficult it is. And when I hear people talk about it as if it’s inevitable, it’s like it is anything but. Kind of like cold fusion, right? People thought it was inevitable in the ’80s because there were all these popular articles about it. I still remember Back to the Future II. It’s like there’s little Mr. Fusion. It’s like cold, it’s just going to happen. Talk to any physicist and they’re like, “There’s no way. It’s not going to happen in my lifetime.” That’s how it is.

Preston Pysh (00:44:29): I think what you get though is you have people that read a couple articles. They see Google is now they’ve got their own quantum computing, right? This is where everyone goes. And they say, “Well, if Google’s got this computer, and it’s got this many Qubits of processing, it is real, Jimmy. This is happening. No, it’s only a couple years out. So what do you say to that person?

Jimmy Song (00:44:52): Then go tell me what the Google paper actually said because what they did was actually not that impressive. Essentially, they define quantum supremacy as the ability to come up with a random number. Oh, gee, a quantum computer. Anything quantum related always spits out random stuff. So, of course, it’s going to be better at it than a conventional computer which is deterministic. Acting like that’s some incredible breakthrough is just really disingenuous, and more marketing than anything.

Preston Pysh (00:45:21): Yeah, it’s marketing.

Jimmy Song (00:45:23): And this is something about any sort of like… I just want to go on a rant here for just a little bit. This is one of my pet peeves about all these corporate R&D departments is that almost all always you have somebody in charge of that R&D department that needs to justify why that lab exists, and why their job is important. So they love press releases, and they will deceive the hell out of any reporter and make their achievements sound like it’s way more than it is. It’s not just Google. It’s every company that’s ever done anything blockchain-related. It’s like, “Oh, we did this, this and this. And it’s so incredible. And it’s going to change everything.” Yeah, they’re just justifying their jobs.

Preston Pysh (00:46:06): Well, then you combine it with the fact that the people on the other end that are reading it, they are very excited to bring up in casual conversation that they’re talking about quantum computing.

Jimmy Song (00:46:19): It’s kind of like, yeah, it ends up being something that they can use to sound smart. And the unfortunate reality is that… I don’t know, quantum computing to me has jumped the shark maybe 10 years ago. It was something that was exciting. We didn’t know that much about it. But then you learn more about the engineering challenges related to that, and you go, “Okay, there’s no way this is going to happen anytime soon.” And even if it did, there are mitigations anyway, so people place just way too much importance on stuff that the press tells you about.

I mean, we’re all over consuming media. So there’s a tendency to get manipulated by the media in ways that we don’t really recognize, and this is one of them is from a science perspective there’s the illusion of making more progress than there actually is. There’s actually very little progress and a lot of areas. It’s just a lot of people that need to justify their salary, so they make it sound like they are.

Preston Pysh (00:47:25): I want to capture some of your thoughts on some of the other things that are happening in the space mostly because I get a lot of complaints in my feed. I’m sure you get a lot of complaints in your feed. People saying, “Preston, I’m making just… I’m making more money in Ethereum, and this and that, and you’re totally missing the boat.” My background, my undergrad was in engineering. And so, that’s immediately where I gravitate way before the finance to be quite honest with you. I’m curious how you view Ethereum, and then I would also like to get into a little bit of Uniswap, some of the stuff that’s happening there. But let’s talk Ethereum first, and just from a very high level standpoint what are your concerns, and what are some of the things that just kind of raise the flag for you?

Jimmy Song (00:48:13): Short story before we get into all of that. So, in 2013, I was working on something called color coins on Bitcoin. And this is what you might call photo Ethereum ICO stuff. And it was on the Bitcoin protocol, you could buy coins that are “colored” so you can trade them as assets that are other than Bitcoin, something like that. So that was where… That was sort of my first experience doing open source development on Bitcoin related projects. And one of the people that we had actually writing the white paper for color coins was Vitalik Buterin, and he actually wrote the white paper. It wasn’t what we had written.

Jimmy Song (00:48:56): So there was a little bit of back and forth, and he said, “You know what, I’m not going to change the white paper to say what you wanted it to say.” It’s like, but that’s what it is technically. And he’s like, “I’m not going to do it.” And it’s like, “Okay.” He’s like, “I think I’m going to go make my own coin anyway.” So that coin, of course, ended up being Ethereum, and that he launched maybe three months later with yellow paper and a white paper. And he did the crowd fundraising in early 2014, and so on. Now, at the time, this was my assessment of Ethereum just given sort of the ambitions that he had for it. First, he wanted Turing complete scripting language.

Preston Pysh (00:49:38): Why? Because when I look at what Adam Back’s doing with Simplicity, isn’t it the polar opposite of that?

Jimmy Song (00:49:46): It is, and he wanted Turing completeness. He thought that was a weakness of the Bitcoin smart contract language script, but Satoshi specifically made it not Turing complete because you could DDoS all nodes with an infinite loop. And as soon as you have Turing completeness, you just have… You just put out an infinite loop out there, and this is why Ethereum has such complicated mechanics like the idea of gas. It’s so that you can have infinite loops. Every time you run through a loop you use up some gas, and if you run out of gas too bad. This is why if your transaction doesn’t go through on Ethereum you lose your fees anyway. This is one of the subtle gotchas. The thing is Vitalik has this reputation as some sort of prodigy or whatever.

Preston Pysh (00:50:36): You didn’t see it.

Jimmy Song (00:50:37): Yeah, I mean, I’m just a coder, right? I’ve been coding since I was nine, but professionally for 23 years or something like that. And I gotta say, I’ve looked at his code. And the thing is he started as a 19 year old getting into Bitcoin. And then he did Ethereum and all that, and everyone has this incentive to make him out to be this child prodigy genius, or whatever. Thing is what I see is a kid that doesn’t really know how to code well as a programmer, right?

Preston Pysh (00:51:14): You just have no experience at that age.

Jimmy Song (00:51:16): Yeah, exactly.

Preston Pysh (00:51:17): You don’t have 20, 30 years of experience. So, how could you?

Jimmy Song (00:51:21): Yeah, and I look at Ethereum, and I see all these flaws. Initially, like Ethereum addresses, simple example. But Bitcoin addresses they’re base 58, at least on Tibet 32. If you’re using native SegWit then that’s something else. But Bitcoin addresses are base 58. The last five or six characters are what you call the checksum. So, it makes sure that if you wrote it down wrong, or you pasted it something wrong in that address, any wallet can easily detect it and say, “You know what, this is you pasted it wrong, or maybe did something wrong. Can you check again, and make sure you get the right address? That’s just good practice. If you didn’t have just the checksum, and you wrote the wrong thing then it’ll go somewhere else and you’ll lose those coins, and the person won’t receive them. So, that’s just good engineering. That’s what you would call something, you make it hard for the user to do the wrong.

Jimmy Song (00:52:26): Ethereum, they had this brilliant idea, we’re going to ditch base 58, and we’re going to use hexadecimal and all our addresses are going to start with zero x. They took out the checksum. So what happens? Lots of people put the wrong address in and they just burn their Ethereum. So they obviously recognized their mistake, but there are all sorts of things like that throughout the entire thing. [crosstalk 00:52:52]. Vitalik to me is sort of like that, and I’ve seen this. I’ve managed college kids that came out, and work for me in different capacities or whatever. And the typical sort of mentality of somebody that comes out of college, maybe they study software engineering in college is they just want to use something cool and do something new or whatever.

Jimmy Song (00:53:16): Vitalik almost exactly fits that profile to a tee, right? His mentality is, if it’s not built yet, I want to make my own because I think I can make it better. He kind of has that. And the result is usually that’s something that’s a complete mess. And this is in stark contrast to Satoshi’s choices. Almost all of Satoshi’s choices in creating the Bitcoin protocol is take some standard that already existed instead of trying to roll your own crypto, which unfortunately is what Vitalik seems to have done with everything Ethereum related. And this is why Solidity is such a mess, and it has so many security flaws. And it’s very difficult to analyze, and you don’t know what’s going on, and you’re not sure how long it will run. It’s just a giant mess.

Preston Pysh (00:54:06): At the heart of it for me is going back to a conversation that you and I had earlier, which is about this governance. This full node operator that any person in the world can go out and do inside their house. And more importantly, 10, 15, 20 years from now, they’re still going to be able to do it from their house. When I think about Ethereum is that even possible for a full node? I mean, today, not even talking 10 or 15 or 20 years from now running a full node in order to say, “Hey, this is my vote on the direction I think the protocol needs to go.” You’re just nowhere near that with Ethereum.

Jimmy Song (00:54:46): You don’t have a vote whatsoever.

Preston Pysh (00:54:48): You don’t have a vote.

Jimmy Song (00:54:49): The thing about Ethereum is that they hard fork every six months or whenever they need to because [crosstalk 00:54:55], and their hard fork is essentially backwards incompatible. This is sort of built in so that the Ethereum Foundation and the Ethereum developers will have all the power perpetually, forever. This was I think one of the early things that happened to Ethereum was the “DAO hack.” It wasn’t so much a hack as it was more like good smart contract war. But essentially what had happened was you had this thing called the DAO which was supposed to be a Decentralized Autonomous Organization where the crowd would decide where the fund would invest.

So, it was sort of like a crowdfunded VC fund or something like that, and that was the idea behind it. But of course, the contracts were written wrong, and somebody figured out how to drain it of all its money. And basically they did. And then they decided, “Oh, you know what,” I think at the time, one sixth of all Ethereum was in the DAO contract. So they decided, “Okay, it’s getting drained of all this money. We’re going to roll that back.”

Preston Pysh (00:55:56): When you say they, you’re saying the Ethereum Foundation.

Jimmy Song (00:55:59): Yeah, essentially, it was Vitalik.I still remember to this day what Vitalik said the week before he made that decision. Or not Vitalik, but other people in the Ethereum community were saying before the decision. There was a guy that was literally on YouTube saying, “I would understand if Vitalik decided that code is law, and that he would let this go. I would also understand if he decided to roll it back,” which tells me there was no principle here. It was just, let’s just follow our dear leader into whatever he wants to do.

And of course, a week later, he decided, “Okay, we’re going to roll all those transactions back, and that caused what was at that time known as that Ethereum-Ethereum Classic split. The Ethereum Classic node operators were basically saying, “You know what, we think code is law, and we’re going to keep going with it.” Barry Silbert bought into that soon afterwards, and he’s I think pretty much the only one that pumps it at this point.

Jimmy Song (00:56:56): That proved that Vitalik controls the entire Ethereum ledger. He said, all of these spends to that contract, we’re going to just roll them back. We’re going to pretend they didn’t happen. I mean, this is nothing different than a government bailout of an industry. That’s essentially what Ethereum did. There’s no reason to think that he wouldn’t do it again, if it was sufficiently harmful to Ethereum not do so.

Preston Pysh (00:57:25): And just for the record, if somebody will… I think we just had the example. I’ve been seeing the article the last two days or whatever. This person who lost their private keys on their computer, and I think it’s $100 million or more, or something like that. It’s not like any one person can roll that back no matter what with Bitcoin. It’s impossible.

Jimmy Song (00:57:48): It is. It is impossible because it’s a bearer instrument. And somebody told me that the last 50 years of US policy has been getting rid of bearer instruments and Bitcoin is kind of bringing them back. Yeah, the reason why they’ve been taking it away is because then they can have their hands in the middle of it. And they can be the intermediary that can control you financially. With Bitcoin, you get that back with Ethereum, you don’t have that at all because you have this intermediary, a central party that can do whatever the heck they want. But with Bitcoin, you lose your keys, it’s losing the 400 ounce gold bar that you had in your safe or buried in your backyard and forgot where it is, you’re not getting it back.

Jimmy Song (00:58:32): It’s both sort of a thrilling prospect because you’re your own bank, but it’s also a scary prospect because you’re your own bank because people are not used to taking custody of their own stuff, or having that much responsibility. We’re used to outsourcing it to trusted third parties, which, in a sense, I can kind of understand it makes it more difficult for certain types of attacks, but it makes you way more vulnerable to another type of attack, which is that the government can take it away. That’s horrible.

Preston Pysh (00:59:04): Yeah, shut down or manipulate it or whatever. All right, real fast. Talk to us about what Uniswap is, and then talk to us about your thoughts on just decentralized lending, and things like that moving forward with Bitcoin, specifically.

Jimmy Song (00:59:22): Uniswap is what they call a DeFi platform and-

Preston Pysh (00:59:28): Decentralized finance.

Jimmy Song (00:59:30): Yeah, which I think is a misnomer because it’s anything but decentralized. Because you have the Uniswap token issuers and the Uniswap contract writers, and they have back doors, and all this other stuff, and who knows. But basically, it’s a platform for some sort of lending or whatever, and you have different assets on there. For some reason, they’re named after lots of different foods. But essentially, you have different ways in which you can collateralize your Bitcoin or Ethereum or whatever. You have to wrap it in an Ethereum contract and of course that Bitcoin is held by BitGo, but it’s wrapped so you have some guarantees. It’s the worst thing to call it decentralized because it’s centralized at six different points. It’s not decentralized at all.

Jimmy Song (01:00:20): It’s more like anonymous finance or something like that, or pseudonymous finance, because you just put up the collateral and you get the loan and you can, I don’t know, maybe go buy more of Ethereum or more of whatever and that’s how most people use it is some way to leverage it. And as a result you have this platform for doing some, playing financial games that Wall Street has been playing for many years on Ethereum. And, of course, most of these games are zero sum. So really, you’re just taking sucker’s money if you’re good at it, or you’re the sucker.

Preston Pysh (01:00:58): I’m looking at [inaudible 01:00:59] because the whole yield farming, I mean, it’s just a total scam, right? My thing that I’m looking at it more from is the technology of using an exchange, basically decentralizing an exchange. And even though this particular example with Uniswap, and you’re saying that it’s centralized, I agree with you. Is there a way to do this in a way that would be decentralized in the future? Let’s say we’re five, 10 years from now, is this something that the engineering can actually catch up to? And is this something that could actually be applied to the Bitcoin blockchain protocol?

Jimmy Song (01:01:36): Here’s the difficult thing, and this is what you always end up at when you talk about smart contracts is something called the Oracle problem. And the Oracle problem is that almost anything interesting requires some information from the real world. Whether or not a house changed hands or that it legally… Something happened in the real world, the score of a baseball game or something, whatever it is.

Preston Pysh (01:02:00): So this would be a good one, the weather. Everyone wants to do futures contracts based on the way that the weather was reported, right?

Jimmy Song (01:02:08): Mm-hmm (affirmative).

Preston Pysh (01:02:08): And so, if it was between 50 [crosstalk 01:02:12]-

Jimmy Song (01:02:11): You need an Oracle. You need somebody to add that data to the smart contract. Now, there are many ways to do that. But all of them are essentially centralized on that Oracle because the Oracle needs to report truthfully, and you have no guarantees that they will. I mean, you can try to say, “Okay, well, then use 10 Oracles and the majority, we’ll listen to the majority.” Well, there’s no guarantees that there are, first of all, 10 different entities. And second of all, that they won’t collude with each other. You have no idea. So you get into these weird situations with all of this where you still have to trust the third party. And when you’re asking for something decentralized, what you’re asking for is no trusted third party. That is essentially what you’re asking. And from a metaphysical standpoint, it’s not even at the layer of engineering, you can’t get away from that.

Jimmy Song (01:03:03): If it has anything to do with the real world in any way, shape, or form it cannot even in principle be a decentralized thing because of the external data that you need. Now, within an ecosystem, so even like price based contracts or something like that on Bitcoin, right? You still need somebody to say that Bitcoin exchange for this many dollars on this day on this exchange. That’s data that needs to come in from the outside. So I have a hard time… Unless it’s purely digital and it’s like, okay, blocks will be found within or difficulty will be this. And the next difficulty adjustment are something that’s within the Bitcoin ecosystem that you can sort of measure without trusting a third party to report data from outside the blockchain. It’s in principle impossible because it requires some trust on something.

Preston Pysh (01:03:59): When I think about my experience in financial markets over the last 20 years, there’s never been a situation where I’ve said to myself, I wish this exchange was decentralized. I wish that these stock certificates that I’m buying or this derivatives exchange that I’m using the buy call options was decentralized. Never. I’ve never had a need for that. Sure, the fees could be lower. But I mean, look at Robin Hood right now, there’s no fees for any of it. Now, they’re selling the data to make some money. But at the end of the day, I just don’t have when you go to the fundamental route, what is the problem that we’re solving for society? Where’s the value capture that we’re adding that the customer isn’t getting right now? I just don’t see what problem you’re solving. When I look at Bitcoin.

Preston Pysh (01:04:49): My issue that Bitcoin solves is like you and I talked about last week when we were talking about the whole valuation process. You can’t conduct a valuation on something if the unit you’re using, you’re getting the base that’s 15 or 20% annually. You’re using ruler that’s a Gumby ruler that’s changing by the day. And so, I guess when I look at the heart of what it is Ethereum, Uniswap like we’re just talking about, I just can’t wrap my head around what the problem is that they’re solving. It just seems like they’ve discovered all this neat tech. They’ve discovered this massive influx of capital that people are just willingly throwing at it because it’s effectively coming from the problem that I was just describing that Bitcoin is solving.

Preston Pysh (01:05:36): And so, I think you have this really interesting scenario where you got a lot of engineers who might not be looking at the big picture of what is the problem that we’re solving. But they’re able to play with a bunch of levers and a bunch of gears and a bunch of code. And they’re having fun, right? It goes back to your description of his personality. And that’s totally reflective in how I see what he’s doing, and what the code is actually doing from a performance standpoint.

Jimmy Song (01:06:05): Yeah, I would say that’s a very accurate description. Essentially, when you have new grads that want to play with new technology, or whatever they kind of get lost. And when they come back with whatever project you gave them, and they come back with this thing, it barely works, it’s not performant. You’re just like, “Okay, go do it again, and use the tech stack that I told you.” They learn that way. With something like Ethereum, Uniswap, all that they don’t have that feedback loop because they get a new injection of money by printing their own money. They’ll create a new token for some reason. And then they sell it to investors or whatever, so they get this new influx of cash. So they can play this game forever, or for as long as that money last.

Jimmy Song (01:06:55): The unfortunate reality is that there’s a lot of that money and it’s not going away. We can go back to exactly where that money comes from. But they have influx of new cash coming in from retail or VCs or whoever that want them to keep creating these like Rube Goldberg machines that aren’t really doing anything. They’re essentially… The one need that I do think that they are filling is a need to gamble. A lot of people, and we can talk about exactly why that is in this sort of economy. But there’s a lot of people that want to gamble on stuff. This looks like it’s a decent gamble, they might not understand it. But they’re fine buying lots of different lottery tickets and seeing how many of them pay off. That’s the only actual human need that seems to be fulfilled. Nothing actually in the market that people want.

Preston Pysh (01:07:47): You couldn’t explain it any better than a bunch of lottery tickets. Really, I mean, at the end of the day, I think most people approach this and they say, “This is really complex stuff. This is really hard to understand. There’s no way I can understand it all. And therefore what I’m going to do is I’m just going to typical Wall Street portfolio style, I’m going to invest in 10 different things. I’m going to throw a little money over here, a little over there.” I mean, when you have… I mean, we’re almost at a trillion dollars, Jimmy. This is getting wild. We’re almost at a trillion dollars in the space collectively. And when you look at the growth rate of it, it’s going parabolic. And so that money is just getting thrown at everything. People are just throwing it at the wall because they don’t want to do the hard homework to try to understand the countless technological rabbit holes that are out there.

Jimmy Song (01:08:39): Like sort of psychologically, you know how if people win at a casino, they don’t really feel like they deserved it on the inside. So, they’ll just sort of spend it very freely on stuff that they would never spend their own money on. I think it’s kind of like that with a lot of people that have received money from some sort of government subsidy or whatever. They are spending it on stuff that very frivolously on things that they’d never otherwise would spend on.

Preston Pysh (01:09:07): Yeah, it’s never earned.

Jimmy Song (01:09:08): Yeah, and it’s going towards projects like this that absolutely do not deserve it. That has no value prop. It’s just sort of like gambling vehicles. I’m thinking now that maybe like all coins are a symptom of sort of Fiat disease. It’s one of the ways in which it manifests itself is that people will just sort of gamble and spray and pray or whatever. That’s sort of the style that people tend towards when they don’t know what to do. So yeah, that seems to be the case.

Preston Pysh (01:09:40): That’s why there’s five Louis Vuitton’s inside of Caesars.

Jimmy Song (01:09:45): That’s right. That’s right. Because at least you could come away with a nice bag.

Preston Pysh (01:09:51): Because if you didn’t see the first one, the one that’s four stores down you might see.

Jimmy Song (01:09:55): Yeah. It is hilarious.

Preston Pysh (01:09:59): All right. Last question for you, man. This time has gone so fast. Wow. I’ve really enjoyed this conversation. The last question I got for you is Jack Mallers, his big announcement. I mean, it’s just really exciting to see some of the stuff that’s happening out in the payment space. I’m curious if there’s any other projects from an engineering standpoint that you’re seeing that you’re really excited about, particularly with Bitcoin that you see really playing out in the next three to five years.

Jimmy Song (01:10:27): I really liked Jack’s project. I always thought Strike was revolutionary for the fact that it can convert Fiat to Bitcoin within that transaction of customer to merchant. It’s almost like every other merchant that’s “taken Bitcoin” has gone the other way. Like somebody will pay in Bitcoin and then the merchant will convert that fiat. And it’s essentially people selling their Bitcoin for goods. And for that reason, most of these companies soon saw their Bitcoin sales dry out very quickly after maybe a little bit of an initial burst, and then they’ll stop taking it because the engineering costs of keeping that on their website would be very high.

Jimmy Song (01:11:09): What Jack’s thing does that’s absolutely brilliant is that for people that want to receive or have no other choice this is perfect because your customer just needs sold dollars, but you receive Bitcoin and you don’t have to convert it in between. So, the customer gets to choose the worst money to spend, but the merchant receives the better money. It’s sort of like subverting Gresham’s law for both parties in a way that works out for both of them. Now, he’s planning to do the same for remittances, which I think is absolutely awesome.

Because if you’re on the other end of remittances, you want the currency that’s going to store value. Because generally you’re in a country that doesn’t have very good stores of value. And you have legal tender laws that make you have to spend your local currency, but no one actually wants to hold it. So if you’re receiving Bitcoin, that’s great. Because now you don’t have to worry about your currency inflating away. And that helps you save, not just on during that transaction, but in other transactions as well. So I think his project is great.

Jimmy Song (01:12:25): But as far as the other ones that I’m excited about, these might sound pretty mundane, but I think they’re significant from a consumer standpoint. One is Specter multisig wallet. So it’s essentially multisig security that is pretty accepted. Use multiple hardware wallets, and so on. I know so many Bitcoin holders that have a single point of failure, and they get nervous as hell about it. And not having a single point of failure is actually very freeing because now even if something goes wrong with one thing, you have backups. You have ways to get around that. That’s always been there. It’s just that the user experience has been kind of terrible. So, now you have a user experience that’s actually doable, and it’s not that hard, and people can set it up themselves. So, that’s one.

Jimmy Song (01:13:15): The other one would be the mentality of dollar-cost averaging, which a lot of exchanges, different apps have put in. This makes investing a lot easier. And from a practical standpoint, I think that will accelerate adoption and get people thinking much more about it. And so, those are the two. I know people want to hear, there’s some space mining project or a Mars thing. But I mean, for me, it’s just making Bitcoin good for what it is, which is a store of value and that means security is important. And that means getting money into the system that you want is important. Both of those things have improved significantly.

Preston Pysh (01:14:01): So Jimmy, you have a new book out. This is called Thank God for Bitcoin. And it is very easy read. You and the other people that assisted in the writing of this, you guys just got straight to the point. And you guys made it in a manner where you’re not trying to impress with your writing, you’re trying to make sure that it’s easily digestible, and you’re hitting the stuff that’s important. That’s what I love about this. So feel free. Just tell people where they can get it. And then anything else that you want to promote or highlight that we can put in the show notes.

Jimmy Song (01:14:37): Thank God for Bitcoin is a book that I wrote with seven other people. It’s kind of a child of COVID. And it started kind of as a book club/Bible study. We studied a couple of books, Ethics of Money Production by Guido Hülsmann and Honest Money by Gary North. Both are books from sort of an Austrian perspective, but talking about the morality of money, and that’s what this book is about. The thing we didn’t like about either of those books was that it didn’t mention Bitcoin. And we wanted to write one that did mentioned Bitcoin, and that made the moral argument for it. And it comes from a Christian perspective, all of us that wrote the book are Christian. But the thing that we wanted to make sure that we got out there is that moral argument because generally people…

Jimmy Song (01:15:22): I mean, you can make the investment case, and people will want to do it out of self-interest, but a moral case is one that causes people to think on another level. If it becomes sort of a moral imperative which we argue that it is in this book, then there’s a way more reason to do it. And it’s not just sort of a selfish endeavor. So you can go buy a Lambo, it’s much more about doing something that’s good for the world, that’s good for civilization and make civilization better. That’s the argument that we make. It’s on Amazon, and you can get that print or Kindle edition. And we’ll have the audiobook out soon. So very exciting stuff.

Preston Pysh (01:16:01): I want to highlight one other thing for folks because anyone listening to this knows you clearly have some programming chops here. Jimmy has another book on Amazon as well that he wrote by himself called Programming Bitcoin, learn how to program Bitcoin from scratch. And having flipped through this book, I’m not a programmer. Having flipped through this book, and it’s over 300 pages long. I don’t know how in the world you could write a book that captures everything that’s going on in… Not everything, but it’s capturing a significant portion of the really important stuff from a coding standpoint. And I know we have people that have an engineering, a computer science background that are listening to this show right now. I just want to make sure that they understand that you have this other book out there as well that I think they might be very interested in.

Jimmy Song (01:16:54): Yeah. So, Programming Bitcoin that’s published by O’Reilly. All of you tech geeks that know about O’Reilly, they make a lot of books on different technical topics and stuff. I was privileged to be able to write that book for them, and it came out of frustration from my early days in Bitcoin where there wasn’t that much documentation. And nobody taught me anything. And I couldn’t find any of the details for anything. So that just as a programmer, this is the resource that I wish I had. And it came as a result of me teaching a lot of different people how to program Bitcoin stuff. And through doing that I understood where people are getting stuck, and so on. It’s a very interactive book, so it has a lot of programming exercises for you to do to make sure that you understand what the heck is going on. So if you don’t understand that, you’re not going to be able to complete the exercise. So you might want to read that part again.

Jimmy Song (01:17:49): It’s meant to be a way for you to really understand everything from a nuts and bolts level. It starts with math, with finite fields and elliptic curves, things that you don’t necessarily learn in high school or college, but they’re not that hard to learn. So I teach those and a lot of programming exercises and then it goes through signatures and public key cryptography and the Bitcoin protocol and of what the anatomy of a transaction block headers and the actual networking aspect and by the end of it, you should be able to connect to the Bitcoin network with your programming, and receive transactions and block headers and so on. That’s what the book is.

Preston Pysh (01:18:34): I just have such a small admiration. I just can’t imagine how long it took you to write this.

Jimmy Song (01:18:38): It took me like 16 months.

Preston Pysh (01:18:40): Wow.

Jimmy Song (01:18:41): It was quite a slog mostly because writing is a lonely endeavor.

Preston Pysh (01:18:46): It’s so true.

Jimmy Song (01:18:49): It’s something that you just… Especially when you’re facing that blank page it’s sort of like an existential dilemma. It’s like, “Do I really exist unless I write something down?” But then you find every excuse imaginable to actually not write words on the page. This is why the other two books that I’ve written Little Bitcoin book and Thank God for Bitcoin, I did it as a group because there’s something about writing with other people and having them depend on you that motivates you way better. That’s how I want to write every other book for the rest of my life is with other people and depending on other people.

Jimmy Song (01:19:26): And part of what you described about Thank God for Bitcoin is that we get to the point. We don’t use flowery language and stuff. It’s because it has eight authors, and we read every page out loud. This was one of the things that we did and if it sounded supercilious or conceited, or something like that people would say so. So would change up the language so that it’s accessible to somebody with like a ninth-grade reading level, and they can understand the arguments we’re making. It’s not necessarily because we’re more virtuous, it’s because we just had a lot more eyes look at it, and you can create something beautiful that way. And that’s something that I learned from startups, and that’s what I brought… I can hopefully bring two books and that’s what I love about it.

Preston Pysh (01:20:11): The thing I’ve learned about writing is the static friction is so much higher than the kinetic friction. It’s just so hard to get started each day.

Jimmy Song (01:20:20): This is why I like writing books with people.

Preston Pysh (01:20:22): Yeah. Yeah, yeah, you’re right. You’re right.

Jimmy Song (01:20:24): The static friction kind of goes away because if the person next to you is writing-

Preston Pysh (01:20:29): Yeah, you feel guilty. All right, Jimmy, man, thank you so much for coming on the show. We have got to do this again. I thoroughly enjoyed this. People, go out, check out the book, Thank God for Bitcoin. Checkout Jimmy also has a podcast, very active on Twitter. Where else can they find you, Jimmy? The spots to hit you up.

Jimmy Song (01:20:50): So, I have a weekly newsletter. That’s sort of the technical developments in Bitcoin that are happening. It’s called the Bitcoin Tech Talk, and it’s at jimmysong.substack.com. And you can go and sign up for my newsletter. You’ll get it in your inbox every Monday. The other thing I have is the podcast like you said, Bitcoin Fixes This. I am on Twitter @jimmysong, GitHub @jimmysong, LinkedIn, Jimmy In/Jimmy Song. So, Medium @jimmysong. I don’t publish too much there anymore because I’m writing this weekly newsletter. But there’s a lot of old articles that might be helpful if you want to understand what happened during SegWit.

Preston Pysh (01:21:30): Jimmy, thanks for coming on the show.

Jimmy Song (01:21:32): Thanks for having me.

Extro (01:21:34): Thank you for listening to TIP. To access our show notes, courses, or forums, go to theinvestorspodcast.com. This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by the Investors Podcast Network. Written permissions must be granted before syndication or rebroadcasting.

This blog post is a draft outline showing how the Melon protocol ecosystem should behave with regard to its participants assuming rational economic agents within the Melon ecosystem.This post will also touch on how the design of the protocol architecture currently under development shall work to insure that those incentives remain aligned to the goal of the continued success of the ecosystem.Melonport: The legal entity that has and continues to conceptualize and develop the Melon protocol. The Melon protocol seeks to build an open source protocol based on Ethereum smart-contracts that enables users (hereinafter also participants) to set up, manage and invest in digital asset management strategies in a way that reduces barriers to entry, minimizes the requirements for trust while maximizes transparency (“Melon protocol”).Suppliers: a set of individuals or entities who link their existing products to the Melon protocol ecosystem (module developers) or alternatively develop products specifically for the Melon protocol ecosystem. Within this subgroup we identify two types of ecosystem players:Token holders: a set of individuals or entities who own the Melon tokens. These can be loosely categorised into two subsets:Managers: a set of individuals or entities that set up and manage their own Melon fund using the Melon protocol.Investors: a set of individuals or entities that participate/invest directly into funds (or funds of funds) which are built by Managers using the Melon protocol.At the very top of the design architecture, we have the owners of the protocol, the Melon token holders. The Melon protocol as a software infrastructure, is (through an implemented set of rules) designed to provide protection to investors in Melon funds.Token holders are represented by the crypto Melon token .There are two types of functionality within the Melon protocol ecosystem.When investors want to interact/invest in a Melon fund, they participate by using Melon tokens. A user would have to send Melon token to the Melon fund contract. In return, the Melon fund contract would create new shares in the fund and send the proportionate number of shares in the fund back to the investor. The fund tokens would represent the underlying assets being held in the Melon fund contract. These assets are redeemable at any time by the investor.In terms of usage functionality of the Melon token, transaction (licensing) fees will initially be set at zero with the possibility for token holders and investors to later (once there is widespread adoption) introduce them.This means that Managers shall be in a position to use the Melon protocol completely free of charge, but would need to use the Melon token to withdraw rewards. A more in depth blog on rewards is planned for the coming weeks.Voting on Melon Council Members: We are currently working on establishing an appropriate structure to set up a Melon council elected by Melon token holders. The Melon council will represent the community in decisions regarding the future development of the Melon protocol as well as the allocation of funds reserved for supporting projects that form part of the Melon ecosystem:A. Technical Functionality: After Melonport deploys v1.0 of the Melon protocol, the Melon council Members can vote to add and remove versions of the protocol.Anyone can propose a new technical design to add or remove new versions of the protocol. Elected Melon council Members will decide on whether new versions are added or not. This may include decisions around deployment onto additional blockchains, i.e. the multichain solution.Once a version of Melon is deployed (e.g. v1.2.3), every new fund that is created corresponds to that version until the next version is released (e.g v1.2.4).Whenever a vault contract (we have previously referred to this as a core) is deployed along with its own set of modules, this is considered to be a fund. Vaults belonging to a removed version do not get deleted, rather they get decommissioned. Meaning they will be made unable to perform any managing (trading of assets) activity — rendering any investments in it virtually useless. Investors can at anytime redeem their funds even from a decommissioned vault.B. Economic Functionality: Council members will have to vote on allocation of funds raised from contributions in the second token generation event. Thereby, the goal of the Melon council is toMany of you have asked for more guidance around inflation over the last months. We are still considering this as a way to further incentivise developers but believe that it does not need to be as high as originally intended. We can now firmly say that it will be no higher than 10% per annum and could be as low as zero.Here we consider the conflicts between the four main groups of economic agents. There are two groups “Token holders” and “Ecosystem players” which consist of two sub-groups. We will assume for now that the conflicts within the sub-groups can be resolved and show this at the end.We assume that all economic agents within the ecosystem will act as selfish agents trying to maximize their utility in their way of using the Melon protocol. This means agents are not viewed as being good (honest) or bad (corrupt); all parties are simply assumed to be rational, motivated by some utility function. However, it may not always be the case that rational behavior holds and there is no way to guarantee it. The only thing one can do, is try to design governance in a way that will best manage all economic agents.When considering the types of conflicts below, we have also added a weighting number (score 1–3 — with 1 being a mild conflict which is easily resolvable with minimal economic consequences, 3 being serious conflict with big consequences and not easily resolved).Within suppliers, we noted earlier that there are two sub-groups: Module developers/ Module operators” . Before our analysis is complete, we should also consider the conflicts within these two sub-groups.If we tally up the total number of attacks against each economic agentFrom the above table, we conclude that fund “Investors” are the most vulnerable group with the most at stake. A possible solution is that the technical governance power could be split between token holders and investors in a pre-agreed proportion but this would be difficult to manage. However, we believe if the Melon protocol becomes successful — Investors themselves will be incentivised to acquire Melon tokens in order to have a say in the future design and usage functionality. Additionally, since Melon council Members are voted in by the Melon token Holders which can recall their election at any time — we believe there to be a strong alignment of interests between the Melon council Members and how the Melon protocol develops and protects its Investors.In conclusion, the above should give an idea in the direction our development is headed towards. Of course, we are not able to set any of these decisions in stone. We will aim to be as consistent and coherent as we can, subject to feedback and new information garnered from the continual open-development process of Melon. Over the next weeks you will also hear a lot more from us in terms of development updates, and we hope to share with you our thinking process and challenges in order to keep our Melon community as up to date and knowledgeable as possible.Subjects we plan to touch on in coming weeks include:Please email us if there is a subject not listed below that you would like to hear more about.We will soon be unveiling “Satellite” — a way to register and vote on the quality, security and importance of modules.Rewards describe the way Managers get compensated for their efforts in managing a Melon fund.A way to invest/redeem. This is a way to invest or redeem shares in a fund to gain exposure. Upon investment, new shares are created — on redemption, they are destroyed.Measures put in place to limit Manager’s activities. A blog post will follow in coming weeks to outline Melonport’s initial risk management design.A more detailed description of the Melon protocol governance, the Melon council Members and the Melon council Fund.Chairman & CTO at Melonport. Reto is a blockchain developer with background in mathematics from ETH Zurich. He started developing Ethereum smart contracts immediately after their launch in 2015. He worked as a smart-contract developer at Brainbot Technologies (which is building the high-speed Raiden Network) and is host of Zurich’s Blockchain Hacklab. Before this Reto developed a profitable trading algorithm for sport betting exchanges in C++.*** Please note some changes and updates have been made to this blog since original publicationCEO & Founder. Mona is a former star-trader at Goldman Sachs, promoted to Vice President by the age of 26 and made the “top 30 under 30” list in Trader Magazine in 2008 and Forbes Magazine in 2011 after profitably trading the 2008 and 2011 crashes. Moved to Geneva-based macro fund Jabre Capital in 2011, before deciding in 2014 that the future of finance lay in blockchain technology. She studied Economics & Statistics at the University College London.From a quick cheer to a standing ovation, clap to show how much you enjoyed this story.A Blog Detailing the Endeavours of Those Building the Melon Protocol: Blockchain Software for Digital Asset Management

Mona El IsaBlockedUnblockFollowFollowingCo-founder of Melonport AG, President MAMAJan 10, 2017What are the problems facing the Hedge Fund industry today, and how can smart contracts on the Ethereum Blockchain play a role in solvingthem?Today, fund management suffers from high and increasing barriers to entry. Fund managers also have to increasingly think about custody & counterparty risk when thinking about where to hold and how to transfer their assets. The recent Lehman Brothers and MF Global bankruptcies which I personally experienced the repercussions of, first hand from the trading floor are all too quickly forgotten examples of this.Accurate audibility of portfolios has also traditionally been very difficult. Long settlement times often lead to delayed information and can unveil errors when it is too late to fix them. Risk managers have imperfect information and a conflict of interest given they are compensated by the very person they are trying to risk manage. Too much reliance on a long chain of humans in the process of booking, reconciling and settling trades creates room for messy errors that often go unmentioned.The success and security of a fund therefore relies on the existence of high working capital, the accuracy of its people and the solvency of the custodians it works with.Setting up a hedge fund can take 912 months, and involves a very high initial start up and running cost which can eventually lead to fund failures. A friend of mine once told me that 8 out of 10 hedge fund launches fail and close down within their first year. Whilst I couldnt find any supporting facts on this I did find an interesting Economist article on the difficulties around launches hereAlthough over half of hedge funds manage less than $100m, they represent only 1.4% of the industrys $2 trillion or so in assets, according to Hedge Fund Research, a data providerThe Economist.This, to me, is kind of crazy. Literally every other industry I can think of has been heavily disrupted by technology, except finance. Instead, we have built new technology on top of old technology for years and years and years making processes slow, inefficient and expensive. Its time to re-invent the space from scratch and get rid of all these inefficiencies. The reason I get so excited about this is because smart-contracts dont just automate these processes, blockchain technology also enforces and regulates that they dont breach any parameters by which the fund is not supposed to abide by! But well go into more detail on this a bit laterSource: 2012 Hedge Fund Business Expense Survey, CitiAUM = Assets Under ManagementIf we think about listing the problems facing the industry today, Id say they would break down into two groups;The problems incurred from the perspective of a portfolio managerThe problems incurred from the perspective of the investorIll start by identifying the problems that arise from a portfolio managers perspective. There are two types of portfolio managementmanaging ones own wealth and managing the wealth of others:Managing ones own assets;Often requires a minimum amount of assets to be qualified to open a managed account with a top-tier bank (The minimum size is typically at least $500K).Often subject to higher fees (commision, fixed costs, etc) due to the higher amount of work required relative the amount of revenue you bring to the bank.No visibility. If you do really well at managing your own wealth and want to use your track record to raise more assets in future, you have no visibility unless you actively spend time and money on auditing your performance and marketing yourself (quite costly!!).Managing the assets of other people;Often requires a regulatory license to set up a fund which is expensive and time-consumingIn order to run a fund and be eligible to market this fund to raise assets you will need to be regulated. Obtaining a regulatory license can cost over $100K and usually takes 36 months to obtain before it is processed. It is also necessary to show the regulator that you have certain boxes ticked (for example: an in-house risk manager, pre-trade checks, systems and processes which cost money etc). Not only is the license expensive, but also the regulatory requirements also increase the operational load substantially on a fund with requirements to provide regulators with necessary data and proofs.Low quality audibilityIt is typically a legal requirement for funds to appoint fund administrators to audit anybody who invests money other than their own. A contract between the fund and an impartial fund administrator is put in place to audit and calculate the NAV (Net Asset Value) of the fund, settle trades, calculate dividend distributions, maintain and file the funds financial books, act as the funds accountant and payout fund expenses. Since trades typically settle 23 days after execution, there is delayed accountability and room for undiscovered errors. Appointing a fund administrator typically costs at least $50K a year.Requires expensive operational supportThe Portfolio Manager is required to execute and report all trades to the fund-administrator in a very specific and often cumbersome way. They then have to book these trades, update their risk management systems and P&l (Principal & Interest) calculations and reconcile trades from their end. Often, a hedge-funds staff is compiled of more than 50% operational staff (and often more).Investment in technology is expensiveInvestment in risk-management systems is often necessary to monitor positions and reconcile exposures in one currency. It is also important to know your gross and net exposure, risk levels and P&L and keep record of it. Often these systems are expensive costing approximately $50K-100K per year.Obtaining access to analytical research requires writing checks -Typically research houses will require you to write checks of $20K-100K / year for access.Office and furniture space is costlyPlatforms can be misleadingvery often, smaller asset management platforms with regulatory licenses and office space try to lure Portfolio Managers in with plug and play deals. This often sounds attractive to Portfolio Managers who are keen to reduce the alarmingly high start up costs. The promise often involves shared risk-management, technology, marketing, trading & operational access etc in exchange for a large percentage of all future fees made by the Portfolio Manager. The reality is that most portfolio managers are disappointed at how little these platforms offer. Typically, they are just a way to get managers to share in the fixed costs incurred by the platform whilst participating on a lot of the upside.Low visibilitySmaller portfolio managers might be significantly outperforming their larger peers but without investing significant time and money in roadshows, networking and marketing materials, it would be very difficult to find investors.These diagrams illustrate my points;Source: Citi Prime FinanceFrom an investors perspective;High management fees: As the above points will have hopefully shown, the costs that go into launching a fund are extremely high. As a result, costs have largely been passed on to the population of savers over the years in the form of high management fees (a typically annual percentage fee charged on assets invested for managing the portfolio). The industry average for management fees is currently around 1.52% per year.The best funds can be difficult to find: There is no public, free global database of portfolio managers performance and strategies. The tendency is to invest in larger, well-known funds because they are more visible.The best performing funds are often impossible to invest in: In todays worlds some of the best performing funds are closed funds which means the funds asset base is getting too large to effectively execute its investing style. If they are not closed, they often have minimum investment requirements typically starting at $125,000 but can often be closer to $510mn.How can smart-contracts reduce some of theseissues?Smart-contracts can largely automate some of the timely and costly functions involved in running a fund, improving competitivity by reducing barriers to entry with the blockchain enforcing the rules and parameters of the fund. In a digital asset world, blockchain can also replace custody risk with a trustless blockchain accounting system. This leads to much more transparent audibility and visibility.The Melon protocol is exactly this (for more information please read the greenpaper). The Melon protocol is a collection of open-source blockchain smart-contracts and rules that we refer to as Melon. The protocol is based on Ethereum with a view of being deployable on further Blockchains in the future.The protocol is made up of two sets of Smart-Contracts; Melon Core and Melon Modules.Melon Core is the part of a portfolio (or fund) that provides Portfolio Managers with a tool to set up and interact with the functions that a Portfolio Manager may want to perform adhering to the specification of the Melon protocol.Melon Modules correspond to all the functions that a Portfolio Manager might want to have available in their portfolio and are optional (e.g. price feeds, volatility calculations, NAV calculations, daily P&L calculations etc).The nature of the protocol is open-source which means that as improvements are made, anyone can easily engage with it, audit it, and quickly upgrade to new and improved versions as the protocol continues to be developed. As the Ethereum Foundations Vitaik Buterin says;Software thats finished is software thats dead.This development choice quickly reduces costs & dependency of Portfolio Managers on all the human errors that can occur in the chain of traditional asset management set ups. A vast amount of time saved in setting up and running operations also becomes possible.Here are a few specific examples of how Melon Protocol reduces some of the barriers discussed earlier:Managing ones own wealth:Virtually no minimum investment size. In fact, your minimum investment required to invest in a portfolio that already exists on the blockchain is 0.65 Ether (equivalent to

Bitcoin in Venezuela- Live on the ground report by Gabriel! 3-29-2017 - Тривалість: 38:45. The 1 Bitcoin Show- MoneroV is doing it right while Fluffy Pony is not! Bitmain Ethereum Classic? - Тривалість: 20:01. 2 383 переглядиНовинка This week in Bitcoin- 3-31-2017- Litecoin, Ethereum Classic, and BTC surge! Tai Zen & Alex Fortin - Тривалість: 55:16. The 1 Bitcoin Show- BTC is not a checking account, dump to pay taxes? Bdiamond - Тривалість: 22:51. 896 переглядівНовинка The 1 Bitcoin Show- Barry Silbert Ethereum Classic Tweet, Bgold, Lightning, blind diversification - Тривалість: 20:46. 1 000 переглядівНовинка Let's Talk ETC! (Ethereum Classic) #12 - Maxwell Sanchez & Justin Fisher - Proof of Proof - Тривалість: 1:12:51. The 1 Bitcoin Show- BTC is the next BTC! Aim high Steemit, Bprivate, Venezuela, Ethereum - Тривалість: 16:17. This week in Bitcoin- 3-30-2018- Lightning Network, bear market, Ethereum Classic - Тривалість: 1:17:16. 2 251 переглядНовинка The 1 Bitcoin Show- Monero0, Brhodium, Minds.com token, Bprivate - Тривалість: 26:27. 955 переглядівНовинка - Тривалість: 18:21. Bitcoin FUD weakens the hands of the 80% while the 20% has patient conviction, Coinbase, Bprivate - Тривалість: 28:26. The 1 Bitcoin Show- Segwit over Bcash, Bprivate, MoneroV, millionaires, exchanges over banks - Тривалість: 21:01. Coming stock market Collapse and Ethereum / Bitcoin - Тривалість: 13:40. Roger Ver Bitcoin Interview- 3-23-2017 - Тривалість: 47:07. Preparing for a Hard Fork in Bitcoin & Litecoin - Тривалість: 16:39. Bitcoin Hard Fork, Litecoin adding SegWit & More Cryptocurrency Talk with Charlie Lee - Тривалість: 28:02. The positive truth about Bitcoin status quo, reject & ignore status quo FUDsters, Steemit, Altcoins - Тривалість: 17:00. MOOC 7, 7th Live session with Andreas Antonopoulos (Alternatives to Bitcoin) - Тривалість: 30:52. MSc in Digital Currency - University of Nicosia Ethereum Classic For Investors #14 - Why Is Charles Hoskinson Involved In Ethereum Classic? Завантаження інших пропозицій…

2 days agoonAfter a downside correction, bitcoin price fond support near the $10,800 level against the US Dollar.There was a decent recovery in the past two sessions and the price traded above $11,300.There is a key bearish trend line forming with resistance near $11,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).Ethereum is still trading below $300 and ripple price is struggling to climb higher.Bitcoin price is showing positive signs above the $11,200 level against the US Dollar. BTC could surge higher once it breaks the $11,600 resistance level in the near term.Bitcoin Price AnalysisRecently, we saw a downside correction in bitcoin price below $11,200 and $11,000 against the US Dollar. The BTC/USD pair spiked below the $10,800 level, but later recovered nicely. There was a successful close above the $11,000 pivot level to start a decent upward move. Besides, losses were limited in , and other altcoins, but they failed to climb similar to BTC.The price is now trading nicely above the $11,200 level and the 100 hourly simple moving average. Moreover, there was a break above the 23.6% Fib retracement level of the last drop from the $12,055 swing high towards the. The price is now trading above the $11,500 level, but facing resistance near the $11,600 level. Moreover, there is a key bearish trend line forming with resistance near $11,600 on the hourly chart of the BTC/USD pair.Above the trend line, the next resistance is near the $11,700 level. The 76.4% Fib retracement level of the last drop from the $12,055 swing high towards the $10,800 support area is also near the $11,700 level. If there is an upside break above the $11,600 and $11,700 levels, there could be strong gains in the coming sessions. Bitcoin price could easily break the $11,800 and $12,000 levels to continue higher.Conversely, if there is no upside break, the price may correct lower once again below $11,500 and $11,400. An initial support is near the $11,200 level, below which the price may perhaps test the $11,000 support area.Looking at the , bitcoin price is clearly showing a lot of positive signs above $11,200 and $11,400 levels. Therefore, an upside break above $11,600 is very likely. If the bulls gain momentum, we may also witness a new swing high above the $12,000 level.Technical indicators:Hourly MACD The MACD is slowly gaining pace in the bullish zone.Hourly RSI (Relative Strength Index) The RSI for BTC/USD is currently nicely above the 50 level, with a positive angle.Major Support Levels $11,400 followed by $11,200.Major Resistance Levels $11,600, $11,700 and $12,000.Like what you read? Give us one like or share it to your friendsSpreading the Freedom of Money: An Interview With Binance CSO Gin Chao0Canaan Creative, the maker of Avalon miners and one of the biggest cryptocurrency mining equipment manufacturers in China, has closed a new funding round.Securities Times, a Chinese financial news publication, on Monday that the company has raised several hundred million U.S. dollars in a new funding round, which will value the firm at over $1 billion.When reached out for comment, a spokesperson for Canaan declined to comment on the issue or questions regarding the exact amount or which investors participated in the round.The news comes months after Canaans application for an initial public offering (IPO) on the Hong Kong Stock Exchange to advance to a listing hearing and subsequently became invalid. It was in January that the firm was planning another IPO application to go public in New York.The fund raise also followed a continuous decline of the overall cryptocurrency market since the second half of 2018, which has had an impact on crypto mining equipment makers in terms of their product sales.For instance, Canaans two major rivals Bitmain and Ebang both filed for IPOs in September and June 2018 respectively. However, in a renewed filing at the end of December, Ebang that it experienced significant decreases in revenue and gross profit for Q3 2018.Similarly, Bitmain also about $500 million loss in an updated financial record filed with the Hong Kong Stock Exchange as part of its IPO application.If Bitmain does not graduate to a listing hearing by March 26, six months from the initial filing, its IPO application will lapse.Avalon miner image via CoinDesk archiveLike what you read? Give us one like or share it to your friendsoriginal postContinue ReadingDow Jones futures point to another weak open on Wall Street on Wednesday. As Federal Reserve chairman Jerome Powell prepares his speech to Congress, a crucial recession light is flashing red.The New York Federal Reserve recession indicator is now at highs last seen in 2008 when the US economy collapsed. The indicator has accurately predicted every recession since the 1960s.The New York Feds recession indicator is now at its highest since 2008. pic.twitter.com/l5RG8Gm8RY Tracy Alloway (@tracyalloway) Dow poised to extend back-to-back losses slumped 71 points lower (0.27 percent) on Wednesday, putting the Wall Street index on track for a third day of defeat. As of 6.35 am, DJIA futures were at 26,708.The Dows tepid performance is matched in pre-market trading by which drifted 8.75 points lower (0.29 percent) and which fell 27 points (0.35 percent).What the recession indicator means The indicator measures the likelihood of a US recession in the coming 12 months. Historically, a reading above 30 percent has accurately predicted every economic downturn for the last 60 years. The gauge ticked up to 32 percent in June, after hovering at 28 percent in May.The indicator itself measures the spread between three-month Treasury note yields and ten-year yields. In simple terms, it flashes red when short-term yields are higherthan those for long-term bonds (usually referred to as a yield curve inversion).It doesnt mean a recession is immediate. As explains, the inverted yield curve is only dangerous when its a long-term pattern:It has to stay there for a couple of months before you start to worry. One month or so, we wouldnt consider it a lengthy period of time.Dow Jones in wait-and-see mode ahead of Powell speech As the recession light flashes, all eyes are on Fed chairman Jerome Powell as he testifies before Congress today. Traders will be desperately looking for clues about the central banks future interest rate policy.A strong jobs report last week poured cold water on traders hopes of multiple rate cuts. Powell will likely be pushed on his response to Trumps increasing interference on Fed policy. The president has broadly criticized Powell and his reluctance to slash rates.U.S. Market News Show Like what you read? Give us one like or share it to your friendsoriginal postContinue ReadingView BTC continues to chart bullish higher lows and higher highs on short duration charts, favoring a retest of the recent high of $13,880.A move to $13,880 may take time if prices drop below key support at $12,538. That would allow a deeper pullback to $12,000.A high-volume UTC close below $12,000 would invalidate the short-term bullish setup, although that looks unlikely.Bitcoin (BTC) bolstered its already bullish technical setup with a move above $13,000 earlier today.The top cryptocurrency by market capitalization rose to $13,154 in the Asian trading hours, the highest level since June 27, according to Bitstamp data.With the move to two-week highs, BTC has recovered 85 percent of the sell-off from $13,880 to $9,614 seen in seven days to July 2.Further, with the uptick in prices, bitcoins dominance rate the leading cryptocurrencys share of the total market has jumped to a fresh 27-month high of 65 percent, according to data source .As a result, the rally and the cryptocurrency appears on track to challenge the year-to-date high of $13,880 hit on June 26.As of writing, the cryptocurrency is trading at $13,000 on Bitstamp, representing 4 percent gains on the day.Hourly and 15-minute charts Bitcoin rallied 2.4 percent to $12,873 in 60 minutes earlier today, confirming an upside break of the symmetrical triangle a bullish continuation pattern on the hourly chart (above left).With a move above the resistance at $12,883 (horizontal line), BTC also established a fresh higher high.Therefore, the path of least resistance is on the higher side more so, as prices reinforced the bullish breakout with a successful defense of the former hurdle-turned-support of $12,883 at 07:15 UTC.The 15-minute chart is reporting a bull flag breakout, a continuation pattern which often accelerates the preceding uptrend. The breakout has created room for a rally to $13,868 (target calculated by adding the pole height of $878 to the breakout price of $12,990).The rise to the recent high of $13,880, however, may not happen in the U.S. trading hours if the cryptocurrency weakens the immediate bullish case with a move below $12,538.Daily and weekly charts Bitcoin closed above well above $12,061 yesterday (above left), invalidating the bearish lower high created on June 28. The 5- and 10-day moving averages (MAs) are again trending north, indicating a bullish setup.The 14-day relative strength index (RSI) is reporting bullish conditions with an above 50 print, and the Chaikin money flow indicator is holding well into the positive territory, indicating sustained buying pressure.All-in-all, BTC appears on track to test and possibly break above the June 26 high of $13,880.It is worth noting that the 14-week relative strength index (above right) is currently hovering at the highest level since December 2017, meaning BTC is most overbought in 19 months.That, however, should not be a cause for concern for the bulls. After all, BTCs quick recovery from sub-$10,000 levels has invalidated the bearish exhaustion indicated on the charts in the last week of June.As the old saying goes, an overbought market can remain overbought longer than sellers can stay solvent. Indicators tend to stay overbought for a prolonged period in a strongly trending market.Disclosure:The author holds no cryptocurrency at the time of writingimagevia Shutterstock; charts byLike what you read? Give us one like or share it to your friendsoriginal postContinue ReadingBinance is the worlds leading cryptocurrency exchange with no doubt. It has, however, expanded to much: In its two short years of existence, among its many arms, the exchange has launched an incubator called Binance Labs Its a social impact fund, as well as an initiative to incubate, invest in, and empower blockchain and crypto-related projects and communities.Binance also launched a decentralized exchange Binance DEX on its blockchain, Binance Chain. Since hitting the market, it has been enjoying increasing volume and an influx of new trading pairs on a daily basis.The company also launched, which initiated a new wave of fundraising enthusiasm, with other major exchanges quickly following in its footsteps. Launchpad brings forward various projects through, providing both investors and the projects themselves serious returns on investment.CryptoPotato recently had the chance to sit down with Binances Chief Strategy Officer Gin Chao. Chao is a former corporate development executive for both the NBA and Dell. In the following interview, Chao shares some of his thoughts on several important matters related to crypto.

2 days agoonBitcoin (BTC) under pressure, down 8.1 percentQ1-2 2019 marked the end of the crypto winterThere is growth and Bitcoin ecosystem is improving. Corporations are sinking millions toward blockchain infrastructure development. At the same time, fund managers can capitalize on BTCs volatility to register extraordinary gains. At the time of press, BTC is shaky and may print lower.Bitcoin Price AnalysisFundamentalsAt a time when funds are reviewing their , Bitcoin and crypto investors are in for a big windfall. Surging, and more than tripling in the first half of the year, the rise and rise of Bitcoin is nothing but pure bliss.Good news is, pundits and analysts expect the coins price to surge to new highs. The possibility of BTC blasting above $20,000 and registering new highs is, in fact, on the cards. Its not hard to see why.Dynamics around Bitcoin and crypto, in general, is changing. Heavyweights are bullish. As they invest on the asset, are back to the drawing board drafting new crypto and Bitcoin rules. Besides, the entry of Facebook and is a game changer.Thats regardless of fear given Facebooks. Even though lawmakers in different jurisdictions are skeptical of their future role, citing security and privacy concerns-haunting Facebook once again, their involvement is immense.Boasting of a large user base as well as financial muscle, Libras rollout will increase Bitcoins visibility. To that end, Jehan Chu, co-founder digital currency investor Kenetic Capital :The price surge is due to two major factors. One is an increasing consensus among the investment community that Bitcoin is a legitimate store of value for the digital age, and two, Facebooks Libra cryptocurrency launch has forced every chief executive to take crypto seriously.Candlestick ArrangementBecause of the latest USDT minting, the path of least resistance over this weekend is likely northwards. Even though signals are weak, bulls are optimistic. Note that support is at $9,500. Presently, the failure of buyers to reverse losses of June 27 through to 30 is bearish for the coin. is consolidating inside June 27 bear candlestick. Therefore, from an effort versus result point of view, bears are in pole position. Any dip below $9,500 will confirm the correction of June 26 BTC overpricing, triggering panic sells.Ordinarily, panic sells lead to fear. Odds are BTC could tumble to $7,500 or worse $5,500 in a retest if such a scenario happens. Conversely, any rally past June high, erasing losses of June 27 affirm bulls of May and June as traders aim at $15,000 and $18,000.Technical IndicatorsJune 26 bull candlestick leads this trade plan. Reiterated before, falls or expansions below $9,500 or above $14,000 ought to be with high participation. Ideally, the breakout bar should be with high trading volumes exceeding 82k of June 26 ushering in bears or bulls depending on breakout direction.courtesy of Trading View. Image Courtesy of ShutterstockLike what you read? Give us one like or share it to your friendsBinance Coin (BNB) Could Rally Again Versus USD, BTC and ETH0Medici Ventures, the blockchain investment arm of Overstock, has acquired a 5.1 percent equity stake in blockchain banking startup Bankorus.Announcing the news on Monday, Overstock Bankorus blockchain platform allows individuals and institutions to securely buy, sell, store and lend digital assets.The addition of Bankorus to Medici Ventures portfolio of companies will further our work in building the foundation of a blockchain-based technology stack for society, said Jonathan Johnson, president of Medici Ventures.Johnson said:Bankorus has built a revolutionary blockchain banking platform that dovetails nicely with Medici Ventures goals of eliminating middlemen, democratizing capital, and rehumanizing commerce by helping individuals access and control their own digital assets.Founded in 2013, Beijing-based Bankorus has adopted the to unlock more than $60 trillion in traditional assets held by high-net-worth individuals and redirect it into cryptocurrencies. The firm aims to turn traditional and illiquid assets such as real estate, art, hedge funds and bonds into liquid digital assets through its security token marketplace.With the new acquisition, Medici Ventures global now stands at a total of 20.In December, Medici also a 29.6 percent stake in digital securities firm Chainstone Labs for about $3.6 million.Medicis own security token marketplace, tZERO, in January with its own tZERO Preferred (TZROP) token as the sole listed asset initially. Trading volume , however, and the tokens price dropped sharply soon after the launch.Last month, Overstock CEO Patrick Byrne CoinDesk he expected volumes to soar after the year-long lock-up period for the token ends in August and the platform opens up to retail investors. Currently, tZERO is restricted to accredited investors only.Jonathan Johnson image via CoinDesk archivesLike what you read? Give us one like or share it to your friendsoriginal postContinue ReadingCanaan Creative, the maker of Avalon miners and one of the biggest cryptocurrency mining equipment manufacturers in China, has closed a new funding round.Securities Times, a Chinese financial news publication, on Monday that the company has raised several hundred million U.S. dollars in a new funding round, which will value the firm at over $1 billion.When reached out for comment, a spokesperson for Canaan declined to comment on the issue or questions regarding the exact amount or which investors participated in the round.The news comes months after Canaans application for an initial public offering (IPO) on the Hong Kong Stock Exchange to advance to a listing hearing and subsequently became invalid. It was in January that the firm was planning another IPO application to go public in New York.The fund raise also followed a continuous decline of the overall cryptocurrency market since the second half of 2018, which has had an impact on crypto mining equipment makers in terms of their product sales.For instance, Canaans two major rivals Bitmain and Ebang both filed for IPOs in September and June 2018 respectively. However, in a renewed filing at the end of December, Ebang that it experienced significant decreases in revenue and gross profit for Q3 2018.Similarly, Bitmain also about $500 million loss in an updated financial record filed with the Hong Kong Stock Exchange as part of its IPO application.If Bitmain does not graduate to a listing hearing by March 26, six months from the initial filing, its IPO application will lapse.Avalon miner image via CoinDesk archiveLike what you read? Give us one like or share it to your friendsoriginal postContinue ReadingDow Jones futures point to another weak open on Wall Street on Wednesday. As Federal Reserve chairman Jerome Powell prepares his speech to Congress, a crucial recession light is flashing red.The New York Federal Reserve recession indicator is now at highs last seen in 2008 when the US economy collapsed. The indicator has accurately predicted every recession since the 1960s.The New York Feds recession indicator is now at its highest since 2008. pic.twitter.com/l5RG8Gm8RY Tracy Alloway (@tracyalloway) Dow poised to extend back-to-back losses slumped 71 points lower (0.27 percent) on Wednesday, putting the Wall Street index on track for a third day of defeat. As of 6.35 am, DJIA futures were at 26,708.The Dows tepid performance is matched in pre-market trading by which drifted 8.75 points lower (0.29 percent) and which fell 27 points (0.35 percent).What the recession indicator means The indicator measures the likelihood of a US recession in the coming 12 months. Historically, a reading above 30 percent has accurately predicted every economic downturn for the last 60 years. The gauge ticked up to 32 percent in June, after hovering at 28 percent in May.The indicator itself measures the spread between three-month Treasury note yields and ten-year yields. In simple terms, it flashes red when short-term yields are higherthan those for long-term bonds (usually referred to as a yield curve inversion).It doesnt mean a recession is immediate. As explains, the inverted yield curve is only dangerous when its a long-term pattern:It has to stay there for a couple of months before you start to worry. One month or so, we wouldnt consider it a lengthy period of time.Dow Jones in wait-and-see mode ahead of Powell speech As the recession light flashes, all eyes are on Fed chairman Jerome Powell as he testifies before Congress today. Traders will be desperately looking for clues about the central banks future interest rate policy.A strong jobs report last week poured cold water on traders hopes of multiple rate cuts. Powell will likely be pushed on his response to Trumps increasing interference on Fed policy. The president has broadly criticized Powell and his reluctance to slash rates.U.S. Market News Show Like what you read? Give us one like or share it to your friendsoriginal postContinue ReadingView BTC continues to chart bullish higher lows and higher highs on short duration charts, favoring a retest of the recent high of $13,880.A move to $13,880 may take time if prices drop below key support at $12,538. That would allow a deeper pullback to $12,000.A high-volume UTC close below $12,000 would invalidate the short-term bullish setup, although that looks unlikely.Bitcoin (BTC) bolstered its already bullish technical setup with a move above $13,000 earlier today.The top cryptocurrency by market capitalization rose to $13,154 in the Asian trading hours, the highest level since June 27, according to Bitstamp data.With the move to two-week highs, BTC has recovered 85 percent of the sell-off from $13,880 to $9,614 seen in seven days to July 2.Further, with the uptick in prices, bitcoins dominance rate the leading cryptocurrencys share of the total market has jumped to a fresh 27-month high of 65 percent, according to data source .As a result, the rally and the cryptocurrency appears on track to challenge the year-to-date high of $13,880 hit on June 26.As of writing, the cryptocurrency is trading at $13,000 on Bitstamp, representing 4 percent gains on the day.Hourly and 15-minute charts Bitcoin rallied 2.4 percent to $12,873 in 60 minutes earlier today, confirming an upside break of the symmetrical triangle a bullish continuation pattern on the hourly chart (above left).With a move above the resistance at $12,883 (horizontal line), BTC also established a fresh higher high.Therefore, the path of least resistance is on the higher side more so, as prices reinforced the bullish breakout with a successful defense of the former hurdle-turned-support of $12,883 at 07:15 UTC.The 15-minute chart is reporting a bull flag breakout, a continuation pattern which often accelerates the preceding uptrend. The breakout has created room for a rally to $13,868 (target calculated by adding the pole height of $878 to the breakout price of $12,990).The rise to the recent high of $13,880, however, may not happen in the U.S. trading hours if the cryptocurrency weakens the immediate bullish case with a move below $12,538.Daily and weekly charts Bitcoin closed above well above $12,061 yesterday (above left), invalidating the bearish lower high created on June 28. The 5- and 10-day moving averages (MAs) are again trending north, indicating a bullish setup.The 14-day relative strength index (RSI) is reporting bullish conditions with an above 50 print, and the Chaikin money flow indicator is holding well into the positive territory, indicating sustained buying pressure.All-in-all, BTC appears on track to test and possibly break above the June 26 high of $13,880.It is worth noting that the 14-week relative strength index (above right) is currently hovering at the highest level since December 2017, meaning BTC is most overbought in 19 months.That, however, should not be a cause for concern for the bulls. After all, BTCs quick recovery from sub-$10,000 levels has invalidated the bearish exhaustion indicated on the charts in the last week of June.As the old saying goes, an overbought market can remain overbought longer than sellers can stay solvent. Indicators tend to stay overbought for a prolonged period in a strongly trending market.Disclosure:The author holds no cryptocurrency at the time of writingimagevia Shutterstock; charts byLike what you read? Give us one like or share it to your friendsoriginal postContinue ReadingBinance is the worlds leading cryptocurrency exchange with no doubt. It has, however, expanded to much: In its two short years of existence, among its many arms, the exchange has launched an incubator called Binance Labs Its a social impact fund, as well as an initiative to incubate, invest in, and empower blockchain and crypto-related projects and communities.Binance also launched a decentralized exchange Binance DEX on its blockchain, Binance Chain. Since hitting the market, it has been enjoying increasing volume and an influx of new trading pairs on a daily basis.The company also launched, which initiated a new wave of fundraising enthusiasm, with other major exchanges quickly following in its footsteps. Launchpad brings forward various projects through, providing both investors and the projects themselves serious returns on investment.CryptoPotato recently had the chance to sit down with Binances Chief Strategy Officer Gin Chao. Chao is a former corporate development executive for both the NBA and Dell. In the following interview, Chao shares some of his thoughts on several important matters related to crypto.

2 days agoonLitecoin (LTC) bullish above $100Next months halving is decisive for LTCPerhaps the highlight of Q3 2019 will be the Litecoin halving. In a more involving and mature market, the reaction after the event could either disappoint or elate traders. An exponential rise will spur FOMO. However, if LTC dip or range hinting of a priced-in situation, traders would be deflated. For now, LTC is stable above $100.Litecoin Price AnalysisFundamentalsThe clock is ticking, and its less than a month to Litecoin halving. Hard-coded in Litecoins source code, rewards will be slashed. If demand remains the same, then market forces will naturally re-price LTC higher. In that case, prices could surge to new levels, immensely increasing the Return on Investment (ROI) of LTC holders.Even without this event, Litecoin performance is thus far exemplary if not leading. Preceding Bitcoins revival, Litecoin bulls were rampant following a string of good news around plans of incorporation. Such a hard fork automatically scales the network while concurrently improving the privacy of LTC transactions.For now, Mimble Wimble talk has faded. Instead, speculators are realigning to reap dividends assuming next months halving syncs with past events.In other news, the is the latest to accept a range of crypto assets, including Bitcoin and Litecoin. Discerningly, the idea is to avoid paying taxes since donations in cryptos like LTC or are not deductible. Under the initiative of Click-to-bricks, donors will swap the amount of crypto donations to bricks for use in the construction of their headquarters.The Giving Block to expand our crypto capabilities and engage the community, thereby expanding our reach. We will now accept Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and USD Coin for general fund donations, legacy donations, and those donations made in memory or honor of a loved one.Candlestick ArrangementPosting superior gains, is one of the top performers during the first half of the year. However, such rapid expansions did overstretch the asset. From candlestick arrangement, LTC is poised to correct back to the psychological $100 level in a retest.Such a move is fitting as it adjusts the overvaluation of June 12 while simultaneously confirming losses of June 27.By properly re-evaluating LTC prices and driving prices to equilibrium, aggressive traders can tune their entries in smaller time frames while aiming at $120 and $150. On the other hand, steep losses below $100 could see LTC prices fall to $80 and later $65.Technical IndicatorBecause of the above, June 27 anchors this trade plan. Note that prices are still oscillating within its high low. Above all, it is wide-ranging with high participation of 824k. Therefore, any slide below $100 or rally past $120 ought to be with high trading volumes exceeding 824k.courtesy of Trading View. Image Courtesy of ShutterstockLike what you read? Give us one like or share it to your friendsPayPal is F*cked: BitMEX CEO Says Facebook Libra Will Make Banks Dumb Nodes0Dow Jones futures point to another weak open on Wall Street on Wednesday. As Federal Reserve chairman Jerome Powell prepares his speech to Congress, a crucial recession light is flashing red.The New York Federal Reserve recession indicator is now at highs last seen in 2008 when the US economy collapsed. The indicator has accurately predicted every recession since the 1960s.The New York Feds recession indicator is now at its highest since 2008. pic.twitter.com/l5RG8Gm8RY Tracy Alloway (@tracyalloway) Dow poised to extend back-to-back losses slumped 71 points lower (0.27 percent) on Wednesday, putting the Wall Street index on track for a third day of defeat. As of 6.35 am, DJIA futures were at 26,708.The Dows tepid performance is matched in pre-market trading by which drifted 8.75 points lower (0.29 percent) and which fell 27 points (0.35 percent).What the recession indicator means The indicator measures the likelihood of a US recession in the coming 12 months. Historically, a reading above 30 percent has accurately predicted every economic downturn for the last 60 years. The gauge ticked up to 32 percent in June, after hovering at 28 percent in May.The indicator itself measures the spread between three-month Treasury note yields and ten-year yields. In simple terms, it flashes red when short-term yields are higherthan those for long-term bonds (usually referred to as a yield curve inversion).It doesnt mean a recession is immediate. As explains, the inverted yield curve is only dangerous when its a long-term pattern:It has to stay there for a couple of months before you start to worry. One month or so, we wouldnt consider it a lengthy period of time.Dow Jones in wait-and-see mode ahead of Powell speech As the recession light flashes, all eyes are on Fed chairman Jerome Powell as he testifies before Congress today. Traders will be desperately looking for clues about the central banks future interest rate policy.A strong jobs report last week poured cold water on traders hopes of multiple rate cuts. Powell will likely be pushed on his response to Trumps increasing interference on Fed policy. The president has broadly criticized Powell and his reluctance to slash rates.U.S. Market News Show Like what you read? Give us one like or share it to your friendsoriginal postContinue ReadingView BTC continues to chart bullish higher lows and higher highs on short duration charts, favoring a retest of the recent high of $13,880.A move to $13,880 may take time if prices drop below key support at $12,538. That would allow a deeper pullback to $12,000.A high-volume UTC close below $12,000 would invalidate the short-term bullish setup, although that looks unlikely.Bitcoin (BTC) bolstered its already bullish technical setup with a move above $13,000 earlier today.The top cryptocurrency by market capitalization rose to $13,154 in the Asian trading hours, the highest level since June 27, according to Bitstamp data.With the move to two-week highs, BTC has recovered 85 percent of the sell-off from $13,880 to $9,614 seen in seven days to July 2.Further, with the uptick in prices, bitcoins dominance rate the leading cryptocurrencys share of the total market has jumped to a fresh 27-month high of 65 percent, according to data source .As a result, the rally and the cryptocurrency appears on track to challenge the year-to-date high of $13,880 hit on June 26.As of writing, the cryptocurrency is trading at $13,000 on Bitstamp, representing 4 percent gains on the day.Hourly and 15-minute charts Bitcoin rallied 2.4 percent to $12,873 in 60 minutes earlier today, confirming an upside break of the symmetrical triangle a bullish continuation pattern on the hourly chart (above left).With a move above the resistance at $12,883 (horizontal line), BTC also established a fresh higher high.Therefore, the path of least resistance is on the higher side more so, as prices reinforced the bullish breakout with a successful defense of the former hurdle-turned-support of $12,883 at 07:15 UTC.The 15-minute chart is reporting a bull flag breakout, a continuation pattern which often accelerates the preceding uptrend. The breakout has created room for a rally to $13,868 (target calculated by adding the pole height of $878 to the breakout price of $12,990).The rise to the recent high of $13,880, however, may not happen in the U.S. trading hours if the cryptocurrency weakens the immediate bullish case with a move below $12,538.Daily and weekly charts Bitcoin closed above well above $12,061 yesterday (above left), invalidating the bearish lower high created on June 28. The 5- and 10-day moving averages (MAs) are again trending north, indicating a bullish setup.The 14-day relative strength index (RSI) is reporting bullish conditions with an above 50 print, and the Chaikin money flow indicator is holding well into the positive territory, indicating sustained buying pressure.All-in-all, BTC appears on track to test and possibly break above the June 26 high of $13,880.It is worth noting that the 14-week relative strength index (above right) is currently hovering at the highest level since December 2017, meaning BTC is most overbought in 19 months.That, however, should not be a cause for concern for the bulls. After all, BTCs quick recovery from sub-$10,000 levels has invalidated the bearish exhaustion indicated on the charts in the last week of June.As the old saying goes, an overbought market can remain overbought longer than sellers can stay solvent. Indicators tend to stay overbought for a prolonged period in a strongly trending market.Disclosure:The author holds no cryptocurrency at the time of writingimagevia Shutterstock; charts byLike what you read? Give us one like or share it to your friendsoriginal postContinue ReadingBinance is the worlds leading cryptocurrency exchange with no doubt. It has, however, expanded to much: In its two short years of existence, among its many arms, the exchange has launched an incubator called Binance Labs Its a social impact fund, as well as an initiative to incubate, invest in, and empower blockchain and crypto-related projects and communities.Binance also launched a decentralized exchange Binance DEX on its blockchain, Binance Chain. Since hitting the market, it has been enjoying increasing volume and an influx of new trading pairs on a daily basis.The company also launched, which initiated a new wave of fundraising enthusiasm, with other major exchanges quickly following in its footsteps. Launchpad brings forward various projects through, providing both investors and the projects themselves serious returns on investment.CryptoPotato recently had the chance to sit down with Binances Chief Strategy Officer Gin Chao. Chao is a former corporate development executive for both the NBA and Dell. In the following interview, Chao shares some of his thoughts on several important matters related to crypto.

20 hours agoonThe cybersecurity expert and tech entrepreneur John McAfee recently declared his willigness to work with Cubas government as a crypto advisor.McAfee declared his intentions soonafter Cubas government officials their intention to develop a cryptocurrency to be used to avoid economic sanctions imposed by United States.According to , McAfee assured that the cryptocurrency project is not only viable, but rather simple. So simple, in fact, that he even offered his guidance pro bono.It would be trivial to get around the U.S. governments embargo through the use of a clever system of currency. So I made a formal offer to help them for free on a private channel through Twitter, he said.The use of cryptocurrency to get around US sanctions is an idea that seems directly inspired by to create its own digital currency for trade. However, McAfee blames past failures on false expectations .You cant just create a coin and expect it to fly, he said.According to the tech guru, the key to Cubas successful development of a cryptocurrency is to adapt it to its reality as a country.You have to base it on the proper blockchain, have it structured such that it meets the specific needs of a country or economic situation, McAfee said.A Fair Trade McAfees interest in helping the Cuban government develop a cryptocurrency is based on the programmers own McAffee also plans to run as a Libertarian Party presidential candidate for the 2020 US elections from the island and will extend his tourist visa indefinitely.It hasnt been confirmed if Cubas government has accepted McAfees proposal. However, that hasnt stopped him from repeatedly applying for the job.There are probably less than 10 people in the world who know [create a cryptocurrency] and Im certainly one of them, he said.Like what you read? Give us one like or share it to your friendsthecryptoreportBinance Coin (BNB) Could Rally Again Versus USD, BTC and ETH0Medici Ventures, the blockchain investment arm of Overstock, has acquired a 5.1 percent equity stake in blockchain banking startup Bankorus.Announcing the news on Monday, Overstock Bankorus blockchain platform allows individuals and institutions to securely buy, sell, store and lend digital assets.The addition of Bankorus to Medici Ventures portfolio of companies will further our work in building the foundation of a blockchain-based technology stack for society, said Jonathan Johnson, president of Medici Ventures.Johnson said:Bankorus has built a revolutionary blockchain banking platform that dovetails nicely with Medici Ventures goals of eliminating middlemen, democratizing capital, and rehumanizing commerce by helping individuals access and control their own digital assets.Founded in 2013, Beijing-based Bankorus has adopted the to unlock more than $60 trillion in traditional assets held by high-net-worth individuals and redirect it into cryptocurrencies. The firm aims to turn traditional and illiquid assets such as real estate, art, hedge funds and bonds into liquid digital assets through its security token marketplace.With the new acquisition, Medici Ventures global now stands at a total of 20.In December, Medici also a 29.6 percent stake in digital securities firm Chainstone Labs for about $3.6 million.Medicis own security token marketplace, tZERO, in January with its own tZERO Preferred (TZROP) token as the sole listed asset initially. Trading volume , however, and the tokens price dropped sharply soon after the launch.Last month, Overstock CEO Patrick Byrne CoinDesk he expected volumes to soar after the year-long lock-up period for the token ends in August and the platform opens up to retail investors. Currently, tZERO is restricted to accredited investors only.Jonathan Johnson image via CoinDesk archivesLike what you read? Give us one like or share it to your friendsoriginal postContinue ReadingCanaan Creative, the maker of Avalon miners and one of the biggest cryptocurrency mining equipment manufacturers in China, has closed a new funding round.Securities Times, a Chinese financial news publication, on Monday that the company has raised several hundred million U.S. dollars in a new funding round, which will value the firm at over $1 billion.When reached out for comment, a spokesperson for Canaan declined to comment on the issue or questions regarding the exact amount or which investors participated in the round.The news comes months after Canaans application for an initial public offering (IPO) on the Hong Kong Stock Exchange to advance to a listing hearing and subsequently became invalid. It was in January that the firm was planning another IPO application to go public in New York.The fund raise also followed a continuous decline of the overall cryptocurrency market since the second half of 2018, which has had an impact on crypto mining equipment makers in terms of their product sales.For instance, Canaans two major rivals Bitmain and Ebang both filed for IPOs in September and June 2018 respectively. However, in a renewed filing at the end of December, Ebang that it experienced significant decreases in revenue and gross profit for Q3 2018.Similarly, Bitmain also about $500 million loss in an updated financial record filed with the Hong Kong Stock Exchange as part of its IPO application.If Bitmain does not graduate to a listing hearing by March 26, six months from the initial filing, its IPO application will lapse.Avalon miner image via CoinDesk archiveLike what you read? Give us one like or share it to your friendsoriginal postContinue ReadingDow Jones futures point to another weak open on Wall Street on Wednesday. As Federal Reserve chairman Jerome Powell prepares his speech to Congress, a crucial recession light is flashing red.The New York Federal Reserve recession indicator is now at highs last seen in 2008 when the US economy collapsed. The indicator has accurately predicted every recession since the 1960s.The New York Feds recession indicator is now at its highest since 2008. pic.twitter.com/l5RG8Gm8RY Tracy Alloway (@tracyalloway) Dow poised to extend back-to-back losses slumped 71 points lower (0.27 percent) on Wednesday, putting the Wall Street index on track for a third day of defeat. As of 6.35 am, DJIA futures were at 26,708.The Dows tepid performance is matched in pre-market trading by which drifted 8.75 points lower (0.29 percent) and which fell 27 points (0.35 percent).What the recession indicator means The indicator measures the likelihood of a US recession in the coming 12 months. Historically, a reading above 30 percent has accurately predicted every economic downturn for the last 60 years. The gauge ticked up to 32 percent in June, after hovering at 28 percent in May.The indicator itself measures the spread between three-month Treasury note yields and ten-year yields. In simple terms, it flashes red when short-term yields are higherthan those for long-term bonds (usually referred to as a yield curve inversion).It doesnt mean a recession is immediate. As explains, the inverted yield curve is only dangerous when its a long-term pattern:It has to stay there for a couple of months before you start to worry. One month or so, we wouldnt consider it a lengthy period of time.Dow Jones in wait-and-see mode ahead of Powell speech As the recession light flashes, all eyes are on Fed chairman Jerome Powell as he testifies before Congress today. Traders will be desperately looking for clues about the central banks future interest rate policy.A strong jobs report last week poured cold water on traders hopes of multiple rate cuts. Powell will likely be pushed on his response to Trumps increasing interference on Fed policy. The president has broadly criticized Powell and his reluctance to slash rates.U.S. Market News Show Like what you read? Give us one like or share it to your friendsoriginal postContinue ReadingView BTC continues to chart bullish higher lows and higher highs on short duration charts, favoring a retest of the recent high of $13,880.A move to $13,880 may take time if prices drop below key support at $12,538. That would allow a deeper pullback to $12,000.A high-volume UTC close below $12,000 would invalidate the short-term bullish setup, although that looks unlikely.Bitcoin (BTC) bolstered its already bullish technical setup with a move above $13,000 earlier today.The top cryptocurrency by market capitalization rose to $13,154 in the Asian trading hours, the highest level since June 27, according to Bitstamp data.With the move to two-week highs, BTC has recovered 85 percent of the sell-off from $13,880 to $9,614 seen in seven days to July 2.Further, with the uptick in prices, bitcoins dominance rate the leading cryptocurrencys share of the total market has jumped to a fresh 27-month high of 65 percent, according to data source .As a result, the rally and the cryptocurrency appears on track to challenge the year-to-date high of $13,880 hit on June 26.As of writing, the cryptocurrency is trading at $13,000 on Bitstamp, representing 4 percent gains on the day.Hourly and 15-minute charts Bitcoin rallied 2.4 percent to $12,873 in 60 minutes earlier today, confirming an upside break of the symmetrical triangle a bullish continuation pattern on the hourly chart (above left).With a move above the resistance at $12,883 (horizontal line), BTC also established a fresh higher high.Therefore, the path of least resistance is on the higher side more so, as prices reinforced the bullish breakout with a successful defense of the former hurdle-turned-support of $12,883 at 07:15 UTC.The 15-minute chart is reporting a bull flag breakout, a continuation pattern which often accelerates the preceding uptrend. The breakout has created room for a rally to $13,868 (target calculated by adding the pole height of $878 to the breakout price of $12,990).The rise to the recent high of $13,880, however, may not happen in the U.S. trading hours if the cryptocurrency weakens the immediate bullish case with a move below $12,538.Daily and weekly charts Bitcoin closed above well above $12,061 yesterday (above left), invalidating the bearish lower high created on June 28. The 5- and 10-day moving averages (MAs) are again trending north, indicating a bullish setup.The 14-day relative strength index (RSI) is reporting bullish conditions with an above 50 print, and the Chaikin money flow indicator is holding well into the positive territory, indicating sustained buying pressure.All-in-all, BTC appears on track to test and possibly break above the June 26 high of $13,880.It is worth noting that the 14-week relative strength index (above right) is currently hovering at the highest level since December 2017, meaning BTC is most overbought in 19 months.That, however, should not be a cause for concern for the bulls. After all, BTCs quick recovery from sub-$10,000 levels has invalidated the bearish exhaustion indicated on the charts in the last week of June.As the old saying goes, an overbought market can remain overbought longer than sellers can stay solvent. Indicators tend to stay overbought for a prolonged period in a strongly trending market.Disclosure:The author holds no cryptocurrency at the time of writingimagevia Shutterstock; charts byLike what you read? Give us one like or share it to your friendsoriginal postContinue ReadingBinance is the worlds leading cryptocurrency exchange with no doubt. It has, however, expanded to much: In its two short years of existence, among its many arms, the exchange has launched an incubator called Binance Labs Its a social impact fund, as well as an initiative to incubate, invest in, and empower blockchain and crypto-related projects and communities.Binance also launched a decentralized exchange Binance DEX on its blockchain, Binance Chain. Since hitting the market, it has been enjoying increasing volume and an influx of new trading pairs on a daily basis.The company also launched, which initiated a new wave of fundraising enthusiasm, with other major exchanges quickly following in its footsteps. Launchpad brings forward various projects through, providing both investors and the projects themselves serious returns on investment.CryptoPotato recently had the chance to sit down with Binances Chief Strategy Officer Gin Chao. Chao is a former corporate development executive for both the NBA and Dell. In the following interview, Chao shares some of his thoughts on several important matters related to crypto.

13 hours agoonOpenfinance, a regulated platform for digital asset trading, has added hedge fund to its platform. This is the one of the first crypto hedge funds to be traded on an alternative trading system (ATS). The token will trade under the symbol PRTS., according to the company, is the first U.S.-regulated digital security trading platform built for alternative assets. The company tracks multiple digital assets and is available to qualified US investors and verified non-US investors. These investors will be able to access Protos on the platform.Were excited to bring the first tokenized hedge fund to the Openfinance platform, said Openfinance founder Juan Hernandez. The Protos Asset Management team has been working actively on their product offering for some time. While we currently have assets such as Blockchain Capital (a SF venture capital fund), hedge funds are a longstanding traditional asset class that are now available to investors in a digital format.Protos claims to hedge on cryptos volatility, capturing profit opportunities in the digital token and cryptocurrency market while limiting losses and risk during periods of volatility or general market downturns. The company ran an in 2017.Photo by on Like what you read? Give us one like or share it to your friendsBitcoin Price Recovers 85% of Recent Losses With Move Above $13K0Popular South Korean actor and businessman Bae Yong-joon has invested an undisclosed sum in blockchain-based seafood trade startup Seamon.Revealing the news exclusively to , Seamon head Lee Jung-hoon said that, while he cannot disclose the amount of Baes investment, it is a meaningful amount worth more than tens of millions of South Korean won. One hundred million won is worth around $88,510 at press time.Lee further said that Bae has long been interested in the food businesses, including marine products. So, when Lee asked Bae to be an advisor to the Seamon project, he instead signed an investment contract last month.Seamon is developing a blockchain-based seafood transaction and smart contract system, according to information from its. The project aims to make global seafood transactions as transparent as possible, reduce unnecessary expenses, and achieve the faster and safer international transactions.The team is also creating a cryptocurrency called Seamon coin, which will be used in payments and as a store of value. It is also planning to launch an exchange called SeamonX for seafood trading market in Q3 or Q4 of this year, the white paper indicates.The project aims to address common problems with theinternational trade in marine products such as defaulting onpayments, or late payments.With marine products, this is a particularly vital issue to solve, as their freshness quickly expires, the report says.Importers will be able to purchase Seamon coins from SeamonX and exchange them for products, making payments in real time. Exporters will be able to exchange the tokens for fiat currencies like the U.S. dollar, or the stablecoin tether (USDT), Lee said.Seamon coin is already listed on the BCEX exchange with the ticker symbol SMEX, according to CoinDesk Korea. The exchange will also carry out a free distribution, or airdrop, of about 5 billion won ($4.42 million) in tokens from March 25.CoinDesk Korea also adds that the news marks Baes first known investment in a blockchain startup. His net worth is estimated at around .image via ShutterstockLike what you read? Give us one like or share it to your friendsoriginal postContinue ReadingMedici Ventures, the blockchain investment arm of Overstock, has acquired a 5.1 percent equity stake in blockchain banking startup Bankorus.Announcing the news on Monday, Overstock Bankorus blockchain platform allows individuals and institutions to securely buy, sell, store and lend digital assets.The addition of Bankorus to Medici Ventures portfolio of companies will further our work in building the foundation of a blockchain-based technology stack for society, said Jonathan Johnson, president of Medici Ventures.Johnson said:Bankorus has built a revolutionary blockchain banking platform that dovetails nicely with Medici Ventures goals of eliminating middlemen, democratizing capital, and rehumanizing commerce by helping individuals access and control their own digital assets.Founded in 2013, Beijing-based Bankorus has adopted the to unlock more than $60 trillion in traditional assets held by high-net-worth individuals and redirect it into cryptocurrencies. The firm aims to turn traditional and illiquid assets such as real estate, art, hedge funds and bonds into liquid digital assets through its security token marketplace.With the new acquisition, Medici Ventures global now stands at a total of 20.In December, Medici also a 29.6 percent stake in digital securities firm Chainstone Labs for about $3.6 million.Medicis own security token marketplace, tZERO, in January with its own tZERO Preferred (TZROP) token as the sole listed asset initially. Trading volume , however, and the tokens price dropped sharply soon after the launch.Last month, Overstock CEO Patrick Byrne CoinDesk he expected volumes to soar after the year-long lock-up period for the token ends in August and the platform opens up to retail investors. Currently, tZERO is restricted to accredited investors only.Jonathan Johnson image via CoinDesk archivesLike what you read? Give us one like or share it to your friendsoriginal postContinue ReadingCanaan Creative, the maker of Avalon miners and one of the biggest cryptocurrency mining equipment manufacturers in China, has closed a new funding round.Securities Times, a Chinese financial news publication, on Monday that the company has raised several hundred million U.S. dollars in a new funding round, which will value the firm at over $1 billion.When reached out for comment, a spokesperson for Canaan declined to comment on the issue or questions regarding the exact amount or which investors participated in the round.The news comes months after Canaans application for an initial public offering (IPO) on the Hong Kong Stock Exchange to advance to a listing hearing and subsequently became invalid. It was in January that the firm was planning another IPO application to go public in New York.The fund raise also followed a continuous decline of the overall cryptocurrency market since the second half of 2018, which has had an impact on crypto mining equipment makers in terms of their product sales.For instance, Canaans two major rivals Bitmain and Ebang both filed for IPOs in September and June 2018 respectively. However, in a renewed filing at the end of December, Ebang that it experienced significant decreases in revenue and gross profit for Q3 2018.Similarly, Bitmain also about $500 million loss in an updated financial record filed with the Hong Kong Stock Exchange as part of its IPO application.If Bitmain does not graduate to a listing hearing by March 26, six months from the initial filing, its IPO application will lapse.Avalon miner image via CoinDesk archiveLike what you read? Give us one like or share it to your friendsoriginal postContinue ReadingDow Jones futures point to another weak open on Wall Street on Wednesday. As Federal Reserve chairman Jerome Powell prepares his speech to Congress, a crucial recession light is flashing red.The New York Federal Reserve recession indicator is now at highs last seen in 2008 when the US economy collapsed. The indicator has accurately predicted every recession since the 1960s.The New York Feds recession indicator is now at its highest since 2008. pic.twitter.com/l5RG8Gm8RY Tracy Alloway (@tracyalloway) Dow poised to extend back-to-back losses slumped 71 points lower (0.27 percent) on Wednesday, putting the Wall Street index on track for a third day of defeat. As of 6.35 am, DJIA futures were at 26,708.The Dows tepid performance is matched in pre-market trading by which drifted 8.75 points lower (0.29 percent) and which fell 27 points (0.35 percent).What the recession indicator means The indicator measures the likelihood of a US recession in the coming 12 months. Historically, a reading above 30 percent has accurately predicted every economic downturn for the last 60 years. The gauge ticked up to 32 percent in June, after hovering at 28 percent in May.The indicator itself measures the spread between three-month Treasury note yields and ten-year yields. In simple terms, it flashes red when short-term yields are higherthan those for long-term bonds (usually referred to as a yield curve inversion).It doesnt mean a recession is immediate. As explains, the inverted yield curve is only dangerous when its a long-term pattern:It has to stay there for a couple of months before you start to worry. One month or so, we wouldnt consider it a lengthy period of time.Dow Jones in wait-and-see mode ahead of Powell speech As the recession light flashes, all eyes are on Fed chairman Jerome Powell as he testifies before Congress today. Traders will be desperately looking for clues about the central banks future interest rate policy.A strong jobs report last week poured cold water on traders hopes of multiple rate cuts. Powell will likely be pushed on his response to Trumps increasing interference on Fed policy. The president has broadly criticized Powell and his reluctance to slash rates.U.S. Market News Show Like what you read? Give us one like or share it to your friendsoriginal postContinue ReadingView BTC continues to chart bullish higher lows and higher highs on short duration charts, favoring a retest of the recent high of $13,880.A move to $13,880 may take time if prices drop below key support at $12,538. That would allow a deeper pullback to $12,000.A high-volume UTC close below $12,000 would invalidate the short-term bullish setup, although that looks unlikely.Bitcoin (BTC) bolstered its already bullish technical setup with a move above $13,000 earlier today.The top cryptocurrency by market capitalization rose to $13,154 in the Asian trading hours, the highest level since June 27, according to Bitstamp data.With the move to two-week highs, BTC has recovered 85 percent of the sell-off from $13,880 to $9,614 seen in seven days to July 2.Further, with the uptick in prices, bitcoins dominance rate the leading cryptocurrencys share of the total market has jumped to a fresh 27-month high of 65 percent, according to data source .As a result, the rally and the cryptocurrency appears on track to challenge the year-to-date high of $13,880 hit on June 26.As of writing, the cryptocurrency is trading at $13,000 on Bitstamp, representing 4 percent gains on the day.Hourly and 15-minute charts Bitcoin rallied 2.4 percent to $12,873 in 60 minutes earlier today, confirming an upside break of the symmetrical triangle a bullish continuation pattern on the hourly chart (above left).With a move above the resistance at $12,883 (horizontal line), BTC also established a fresh higher high.Therefore, the path of least resistance is on the higher side more so, as prices reinforced the bullish breakout with a successful defense of the former hurdle-turned-support of $12,883 at 07:15 UTC.The 15-minute chart is reporting a bull flag breakout, a continuation pattern which often accelerates the preceding uptrend. The breakout has created room for a rally to $13,868 (target calculated by adding the pole height of $878 to the breakout price of $12,990).The rise to the recent high of $13,880, however, may not happen in the U.S. trading hours if the cryptocurrency weakens the immediate bullish case with a move below $12,538.Daily and weekly charts Bitcoin closed above well above $12,061 yesterday (above left), invalidating the bearish lower high created on June 28. The 5- and 10-day moving averages (MAs) are again trending north, indicating a bullish setup.The 14-day relative strength index (RSI) is reporting bullish conditions with an above 50 print, and the Chaikin money flow indicator is holding well into the positive territory, indicating sustained buying pressure.All-in-all, BTC appears on track to test and possibly break above the June 26 high of $13,880.It is worth noting that the 14-week relative strength index (above right) is currently hovering at the highest level since December 2017, meaning BTC is most overbought in 19 months.That, however, should not be a cause for concern for the bulls. After all, BTCs quick recovery from sub-$10,000 levels has invalidated the bearish exhaustion indicated on the charts in the last week of June.As the old saying goes, an overbought market can remain overbought longer than sellers can stay solvent. Indicators tend to stay overbought for a prolonged period in a strongly trending market.Disclosure:The author holds no cryptocurrency at the time of writingimagevia Shutterstock; charts byLike what you read? Give us one like or share it to your friendsoriginal postContinue ReadingAdvertisementSearchRecent PostsTop Korean Actor Invests in Blockchain Seafood Trade StartupOverstocks Medici Acquires Stake in Blockchain Banking StartupAvalon Miner Maker Canaan Raises Hundreds of Millions in Funding: ReportDow Futures Crumble as NY Feds Recession Indicator Screams RedBitcoin Price Recovers 85% of Recent Losses With Move Above $13K

BTC SessionsBy Ben PerrinBTC Sessions is the easiest way to get your daily dose of Bitcoin news in 30 minutes or less! Starting in undefined…00:0026:251xBitcoin Price Spikes | Markets Indifferent To 26 Million Jobless | Citadel 21 and Cypher Diaries EP048SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Buy Bitcoin on Coinberry and get $20 after your first $100 purchase https://app.coinberry.com/invite/c5d52730857 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions SHOW RESOURCES: Bitcoin close to making full recovery from its March dump ar UC Berkeley study finds Tether does not inflate Bitcoin price -claims US Jobless claims now top 26 million, stock market indifferent 4-23?mod=article_inline Argentina central bank experiments with Bitcoin smart contracts -smart-contracts Citadel 21 is an awesome eclectic mix of Bitcoiner content https://www.citadel21.com/ Cypher Diaries documents a foot soldier’s story from the front lines of the 2028 money wars http://cypherdiaries.net/19:33April 23, 2020Lightning Network Privacy Holes, Money Printer vs Free Markets, Bitcoin Mining Difficulty To Hit ATH EP047SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Buy Bitcoin on Coinberry and get $20 after your first $100 purchase https://app.coinberry.com/invite/c5d52730857 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions SHOW RESOURCES: Lightning network privacy may be in question according to this research n-bitcoin-lightning-network-payments The (weak) argument for more money printer brrrr’s oney-printer More efficient miners contributing to new difficulty all time highs -arrives-just-in-time-for-btc-halving alving Belief in money: authority vs free markets trust-decentralized-cryptocurrency Bitcoin ATMs top 7500 worldwide April 21, 2020Bitcoiners Unite To Give 1 BTC To Colombian, Purse Shuts Down, $25M DeFi Hack EP046SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Buy Bitcoin on Coinberry and get $20 after your first $100 purchase https://app.coinberry.com/invite/c5d52730857 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions SHOW RESOURCES: Bitcoiner American Hodl united Bitcoiners to help a humble Colombian man stack more sats. More than 1BTC in a single day. https://twitter.com/i/status/1251885447967457283 https://twitter.com/hodl_american/status/1251907094187368454 https://twitter.com/i/timeline https://blockstream.info/address/1KHG7xXffaDwtU3UqbBXmTMVCMjkJRvnpg Purse.io is shutting down after 6 years of getting Bitcoiners cheap Amazon orders ar-run Unprecedented Oil Crash il-as-prices-fall-below-zero https://twitter.com/i/status/1252277424986914818 https://www.bloomberg.com/quote/CL1:COM Yet another DeFi hack – this one to the tune of $25 million er-allegedly-leaking-his-identity “It’s Time To Build” by Marc Andreessen https://a16z.com/2020/04/18/its-time-to-build/ “The State Is Bad At Distributing Money” by Marty Bent https://tftc.io/martys-bent/issue-720/26:25April 21, 2020My YouTube Ban And Reinstatement, G20 Stablecoin Crackdown, Bitcoin Stock To Flow 2020 EP045SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Buy Bitcoin on Coinberry and get $20 after your first $100 purchase https://app.coinberry.com/invite/c5d52730857 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions SHOW RESOURCES: I got banned from YouTube, but now I’m back – on even more platforms! ed-after-being-blocked-by-the-platform You can also find me on the following platforms quite easily: YouTube, Facebook, LinkedIn, Twitter, Periscope, Twitch, LBRY, DLive, Instagram, Apple Podcasts, Google Podcasts, Spotify, and plenty other podcast platforms G20 Financial Stability Board advise strict regulations on Stablecoins on Facebook Libra is a shell of its former self h-major-currency Craig Wright’s lawsuits are in shambles is-5-libel-lawsuits Bloomberg unknowingly makes the case for Bitcoin ypto/ Halving and the subsequent 2 years will be a make or break for Plan B’s stock to flow model or-stock-to-flow-model-planb Stock to flow model live https://digitalik.net/btc/30:15April 18, 2020BTCPay Adds Payjoin With Blockstream Help | Tone Vays Banned From YouTube | More US Helicopter Money EP044SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Buy Bitcoin on Coinberry and get $20 after your first $100 purchase https://app.coinberry.com/invite/c5d52730857 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions SHOW RESOURCES: BTCPay Server implements payjoin privacy feature with the help of Blockstream cpay-servers-p2ep-implementation/ Marty Bent discusses oil & gas being the next boon for Bitcoin mining https://tftc.io/martys-bent/issue-717/ Follow Steve Barbour for more on O&G mining https://twitter.com/SGBarbour Tone Vays was banned from YouTube https://twitter.com/ToneVays/status/1250793993396539394 Follow me on LBRY https://lbry.tv/@btcsessions:8 There’s a bill to pay every American $2000/month https://decrypt.co/25756/democrat-coronavirus-check-bill26:23April 16, 2020Global Recession and Zombie Markets, Bitcoin Halving Search All Time High, CSW Pulls Adam Back Lawsuit EP043SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Buy Bitcoin on Coinberry and get $20 after your first $100 purchase https://app.coinberry.com/invite/c5d52730857 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions SHOW RESOURCES: IMF confirms global recession far worse than 2008 ion Deutsche Bank slams Federal Reserve for spurring zombie markets k-hails-end-of-free-market Google searches for Bitcoin Halving 16% above previous all time high anks-previous-all-time-high BAD TAKE: Bitcoin Suisse founder claims Bitcoin will follow Ethereum to proof of stake o-proof-of-stake-says-bitcoin-suisse-founder Craig Wright retreats from libel lawsuit against Adam Back, pays all legal fees pays-all-costs Samourai Wallet tutorial with setup, dojo and whirlpool https://www.youtube.com/watch?v=icyeO70ICi418:13April 14, 2020Bisq Critical Vulnerability, Abra Goes Fully Custodial, Retail Buys Bitcoin Dip While Institutions Flee EP042SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Buy Bitcoin on Coinberry and get $20 after your first $100 purchase https://app.coinberry.com/invite/c5d52730857 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions SHOW RESOURCES: Abra ditches all non-custodial features todial-model Bisq has critical security vulnerability, 3BTC and 4000XMR stolen https://bisq.network/statement-security-vulnerability-april-2020 Yet another bitcoin-backed token, this time on Tezos os-blockchain Plus these two on Ethereum rustless-btc-to-defi Retail investors bought the dip, while institutions bailed s-institutional-traders-flee-report Mike Novogratz says stocks are a bull trap – stick to gold and Bitcoin -digital-ceo/23:16April 8, 2020Economy Shows Echoes of Weimar | Udemy Bitcoin Demand Up 300% | Phoenix Lightning Wallet Adds Tor EP041SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Buy Bitcoin on Coinberry and get $20 after your first $100 purchase https://app.coinberry.com/invite/c5d52730857 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: https://anchor.fm/btcsessions Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions SHOW RESOURCES: A comparison of the US with Weimar Germany post-WW1 by Marty Bent https://tftc.io/martys-bent/issue-711/ As many as 30% of homeowners could stop paying their mortgages 917166.html Analyst sees $13.8K Bitcoin in the cards by the end of June k-soon/ Demand for Bitcoin online courses jump 300% -300 Bitcoin fear and greed index https://alternative.me/crypto/fear-and-greed-index/ Phoenix lightning wallet adds tor support https://twitter.com/PhoenixWallet/status/1247456750908956680 BTC Sessions blog with tutorials including Phoenix: ada Paxful adds trades between bitcoin and gold tween-gold-and-bitcoin Running a bitcoin node to maximize financial sovereignty inancial-sovereignty20:32April 7, 2020First US Bank Fails, Fed Says Economy Is Fine, Coinjoin Day, Bitcoin Hashrate Increase EP040SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Buy Bitcoin on Coinberry and get $20 after your first $100 purchase https://app.coinberry.com/invite/c5d52730857 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions SHOW RESOURCES: First US Bank failure of the recession https://decrypt.co/24521/first-us-bank-falls-coronavirus Fed President claims economy is fine espite-32percent-unemployment-estimate.html?__twitter_impression=true Michael Burry on jobs report https://twitter.com/michaeljburry/status/1247021055824150528 New Wasabi release for #coinjoinday https://twitter.com/wasabiwallet/status/1246714943862444032 Beware “Profit Bitcoin” scam ublic-about-profit-bitcoin-scam Bitcoin hashrate increase -to-rise-as-hash-rate-recovers Bitcoin has likely had an average of $400M new investment over the past 2.5 years ew-data-suggests/ Bitcoin block halving countdown https://www.bitcoinblockhalf.com/24:46April 6, 2020Bitcoin Fund On Toronto Stock Exchange, Blue Wallet Integrates Hodl Hodl, Mike Novogratz Eyes $20K in 2020 EP039SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Buy Bitcoin on Coinberry and get $20 after your first $100 purchase https://app.coinberry.com/invite/c5d52730857 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions SHOW RESOURCES: 3iQ to launch Bitcoin Fund on the Toronto Stock Exchange l-prospectus/ Blue Wallet adds Hodl Hodl trading integration 64287b44 Mike Novogratz anticipates $20,000 Bitcoin before the end of 2020 tcoin-doesnt-hit-20k-in-2020 Bitcoin Fear/Greed Index https://alternative.me/crypto/fear-and-greed-index/ Past halving performance ediate-bitcoin-upsurge-is-flawed Fed balance sheet swells to $5.86 trillion /fed-balance-sheet-increases-to-record-5-86-trillion-idUSKBN21K3HB Bitcoin block halving countdown https://www.bitcoinblockhalf.com/21:28April 3, 2020How Halving Will Affect Bitcoin Buy and Sell Pressure, Robert Kiyosaki Bitcoin Bull, Lightning and Liquid Innovation EP038SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Buy Bitcoin on Coinberry and get $20 after your first $100 purchase https://app.coinberry.com/invite/c5d52730857 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions SHOW RESOURCES: Halving and Miner Capitulation – how it all affects the price of Bitcoin ing-analysis Bull Bitcoin launches LCAD – liquid Canadian Dollar on Blockstream’s Liquid sidechain https://lcad.bullbitcoin.com/ Robert Kiyosaki is bullish on Bitcoin https://twitter.com/theRealKiyosaki/status/1245205778849394688 Physical Gold shortages abound er-your-mattress-get-in-line-and-pay-up Max Keiser believes deficiency in gold market is bullish for Bitcoin in-for-the-poor-max-keiser US Jobless claims rise 6.6 million, bringing total to nearly 10 million https://www.cnbc.com/2020/04/02/weekly-jobless-claims.html Bitfinex increases lightning network capacity paign=bfx_LightningNetwork_newnode UK challenger bank Revolut opens Bitcoin/crypto exposure to all its global customers n-users BTSE Debit card https://www.btse.com/en/debit-card Binance Debit card ance-Card-Shop-and-Pay-With-Crypto-Anywhere-in-the-World31:33April 2, 2020Fed Printing $1M Per Second, Bitcoin HODL Wave Looks Bullish, Lightning Labs LSATs EP037SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Paxful online Bitcoin marketplace: http://bit.ly/2HYQnOG Paxful Tutorial: https://www.youtube.com/watch?v=QyKJvjzLmag Built With Bitcoin: https://builtwithbitcoin.org/ Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions SHOW RESOURCES: The Federal Reserve is printing at a pace of $1,000,000 per second er/ Bitcoin exchanges see massive influx of new users for March ers-this-month HODL wave metric shows hodlers of last resort are out in full force https://twitter.com/unchainedcap/status/1245057902932627456 BCH/BSV halvings could have miners jump to Bitcoin, at least temporarily s-to-bitcoin-btc-report Binance is looking to acquire Coinmarketcap for $400M on-deal Lightning labs looks to authenticate and monetize the internet via LSATs without-passwords Would you live forever if you could? https://twitter.com/BTCsessions/status/124497852731049984027:02March 31, 2020Capital Controls in Egypt, Bitcoin Recovery Continues WITHOUT Stimulus, Coinjoin Day EP036SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Paxful online Bitcoin marketplace: http://bit.ly/2HYQnOG Paxful Tutorial: https://www.youtube.com/watch?v=QyKJvjzLmag Built With Bitcoin: https://builtwithbitcoin.org/ Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions SHOW RESOURCES: Egypt enacts capital controls to avoid bank runs tcoin US Unemployment could reach as high as 32% or 47 million people million-unemployment-rate-of-32percent-fed-says.html Fed tries to fix economy buying mortgage backed securities, ends up triggering margin calls by those companies hedging -mortgages-unbalanced-market-forcing-margin-calls.html Bitcoin has rallied 80% since its bottom – all WITHOUT a stimulus package lout-time-to-get-bullish Bitcoin core now available on the dark web via Tor browser sorship Swan Bitcoin’s “presidential” promo video https://twitter.com/SwanBitcoin/status/1244695336104251392 Coinjoin Day is coming on April 5th! Start learning so you can partake! Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Samourai Wallet https://samouraiwallet.com/21:12March 31, 2020Hodlers Moving Off Exchanges, CME Eyes Bitcoin Mining, Stimulus Bill Includes Fed Secrecy and Phone Surveillance EP035Hodlers Moving Off Exchanges | CME Eyes Bitcoin Mining | Stimulus Bill Includes Fed Secrecy and Phone Surveillance SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Paxful online Bitcoin marketplace: http://bit.ly/2HYQnOG Paxful Tutorial: https://www.youtube.com/watch?v=QyKJvjzLmag Built With Bitcoin: https://builtwithbitcoin.org/ Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions SHOW RESOURCES: Bitcoin flowing into private wallets from exchanges ing-soars/ Breez merchant point of sale wallet https://twitter.com/Breez_Tech/status/1243489390292348931 CRA demands Quadriga customer data data-on-115-000-quadrigacx-users CME Eyes Bitcoin mining https://bitcoinist.com/cme-group-explores-mining-bitcoin/ Stimulus Bill allows for Fed secret meetings or-wall-street-bailouts/ https://twitter.com/RudyHavenstein/status/1243185167381835776 Stiumulus Bill allocates money for extensive phone surveillance t-worse TFTC tutorial – using GrapheneOS on a Pixel3A for mobile privacy https://www.youtube.com/watch?v=oO0UFZjuotg&feature=youtu.be Did you use my tutorial to build a node? Send me a picture! https://twitter.com/BTCsessions/status/1243580863687737345 Haven’t built a node yet? Jump in with my tutorial! https://www.youtube.com/watch?v=GMovZg_3ERs23:02March 27, 2020Bitcoin’s 2nd Largest Difficulty Drop Ever, Fed Printing Up To $6 Trillion, Stocks Pump Despite Record Job Losses EP034SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Paxful online Bitcoin marketplace: http://bit.ly/2HYQnOG Paxful Tutorial: https://www.youtube.com/watch?v=QyKJvjzLmag Built With Bitcoin: https://builtwithbitcoin.org/ Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions SHOW RESOURCES: Second Largest Bitcoin Mining Difficulty Drop Ever ntage-drop-ever Hashrate chart https://www.blockchain.com/en/charts/hash-rate Silver lining after miner capitulation ce-crash/ Thread on miner sell pressure https://twitter.com/mjdsouza2/status/1243236523149004800 Bitcoin hodlers sold at heavy losses on OKex t-freefall-report Bakkt physical delivery of BTC rises 44% utures-rises-44-in-march Gold shortage as trust in 3rd parties diminishes – not your vault, not your gold https://www.ft.com/content/81d915e2-6cef-11ea-89df-41bea055720b FDIC begs us not to start a bank run e-signal/ Federal reserve potential $6 Trillion relief package – maybe more! rks-worth-of-dollars/ Wall Street Journal claims we’re in a Bull Market again https://twitter.com/WSJ/status/1243267094852055041?s=19 US Jobless claims at 3.28 million bless-claims-surged-to-record-3-28-million-last-week27:54March 27, 2020Bitcoin and Equities Pump As Stimulus Bill Nears, FDIC Discourages Bank Runs, Mass Surveillance Programs EP 033SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Paxful online Bitcoin marketplace: http://bit.ly/2HYQnOG Paxful Tutorial: https://www.youtube.com/watch?v=QyKJvjzLmag Built With Bitcoin: https://builtwithbitcoin.org/ Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions SHOW RESOURCES: Bitcoin and Equities both pump as stimulus package deal nears ckage-deal?utm_source=twitter&utm_medium=social&utm_campaign=auto US Digital Dollar section removed from stimulus bill t-back China’s CBDC is getting closer to seeing the light y-insiders FDIC releases awkward video telling people to keep their money in the banks https://twitter.com/FDICgov/status/1242455082551164934 Examples of new mass surveillance measures abound raelis-phones-to-curb-coronavirus/ xes-restrictions-on-mass-surveillance-powers kdown19:24March 24, 2020Fed Now Printing UNLIMITED Money, Trillion Dollar Coins, Bitcoin Monetary Policy Unaffected EP032SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Paxful online Bitcoin marketplace: http://bit.ly/2HYQnOG Paxful Tutorial: https://www.youtube.com/watch?v=QyKJvjzLmag Built With Bitcoin: https://builtwithbitcoin.org/ Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions SHOW RESOURCES: Fed announces unlimited QE, amongst other programs to “fix” the economy o-help-markets-including-open-ended-asset-purchases.html The Federal Reserve’s reaction to this crisis is exactly why Bitcoin was created ent-for-bitcoin-yet US Politicians propose minting two $1 TRILLION dollar coins, then sending cash to every American https://decrypt.co/23219/trillion-coin-fed-treasury-coronavirus Bitcoin halving countdown https://www.bitcoinblockhalf.com/ Crypto exchanges are one business thriving with the market turmoil the-ides-of-march Mike Novogratz says this NEEDS to be Bitcoin’s year -says-mike-novogratz Wasabi Wallet allows you to automate mixing coins directly into cold storage -hardware-wallet-ec07ea0b499922:22March 24, 2020CNN Warns Against Bank Runs, Bitcoin’s Rebound, Italian Bank Adds BTC Wallet EP031SHOW RESOURCES: CNN article basically begs US not to create a bank run ml Bank of England cancels stress test for UK banks s-too-afraid-to-fail/ US Senator allegedly dumps stocks with insider information while assuring public the economy is strong ading-after-coronavirus-hearing Senator Loeffler on March 10 reassuring Americans about the economy https://twitter.com/SenatorLoeffler/status/1237519751905267714 Raoul Pal is bullish on Bitcoin, only holds dollars and BTC e-after-miraculous-80-rebound Beware a Bull trap – Bitcoin price is not out of the woods just yet -trap/ Could BTC take months to fully recover? at-says/ Italian bank launches Bitcoin on-ramp and wallet to its million users coronavirus SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Visit and sign up for Paxful: http://bit.ly/2HYQnOG Paxful Tutorial: https://www.youtube.com/watch?v=QyKJvjzLmag Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions26:40March 20, 2020Bitcoin Decouples From Stocks | Credit Suisse May Favor Bitcoin | Square To Launch Bank EP030SHOW RESOURCES: Central Banks “running out of road” according to Bitmex research f-road Credit Suisse may support Bitcoin and doubt the fiat system https://bitcoinist.com/credit-suisse-voices-support-for-bitcoin/ https://twitter.com/JordanEliseo/status/1240116687132921856/photo/1 Bitcoin difficulty set to drop 13% next week ash-rate-following-btc-price The question of Bitcoin privacy and fungibility – legality of tumblers vs coinjoin e-legal-limits-on-maintaining-privacy Twitter CEO and Bitcoin advocate Jack Dorsey will be launching a commercial bank in 2021 https://bitcoinist.com/jack-dorseys-square-bank-will-open-2021/ SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Visit and sign up for Paxful: http://bit.ly/2HYQnOG Paxful Tutorial: https://www.youtube.com/watch?v=QyKJvjzLmag Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions24:23March 19, 2020$1 Trillion Daily Repos, Coinbase Exec To Oversee Banks, Bill In Senate Aims To Torpedo Encryption EP029SHOW RESOURCES: Former Coinbase executive will oversee the banking system _twitter_impression=true Fed Announces another $500B repo injection ation-for-overnight-repo-funding-markets.html THEN they decide on injecting $1 Trillion EVERY DAY this week -trillion-a-day-in-overnight-repo-loans-2113378 Treasury secretary announces plans for helicopter money – checks to Americans in the next couple weeks ts-checks-133994 “EARN IT” bill aims to dismantle encryption -encryption/5e616cad88e0fa101a741cee/ Sign the petition Full bill here: https://www.eff.org/document/earn-it-act Could bank runs be on the horizon? Cash withdrawal limits already in place at Bank of America, likely to be reduced in coming days https://bitcoinist.com/ultimate-test-for-fiat-as-us-bank-runs-loom/ SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Visit and sign up for Paxful: http://bit.ly/2HYQnOG Paxful Tutorial: https://www.youtube.com/watch?v=QyKJvjzLmag Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions23:26March 18, 2020Bitcoin price erratic, Fed drops rates to zero, BTC Hashrate drops EP028SHOW RESOURCES: Fed cuts rates to zero, announces $700B QE -launches-massive-700-billion-quantitative-easing-program.html What did QE look like from 08-14? 2015/11/QE.png Fed Announces additional $500B for overnight repo markets 00-billion-in-overnight-repo-funding-markets.html Fed Press release, including zero-reserve banking 15b.htm Bitcoin hashrate drops with profitability, Chinese miners selling rigs to Russia/Middle East https://decrypt.co/22538/chinese-miners-hash-halving-coronavirus Hashrate chart https://www.blockchain.com/en/charts/hash-rate Bitcoin and Gold both dropping – no current flight to safety -right-now 3 years after fee crunch, Coinbase adds transaction batching ing-saving-users-50-on-fees GPU miners can volunteer computing power to help find a vaccine via Folding@Home https://decrypt.co/22492/bitcoin-coronavirus-gpu https://foldingathome.org/ SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Visit and sign up for Paxful: http://bit.ly/2HYQnOG Paxful Tutorial: https://www.youtube.com/watch?v=QyKJvjzLmag Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Looking for an audio-only version of the show?  https://anchor.fm/btcsessions Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions 26:53March 16, 2020Fed Injects More Than Entire BTC Market Cap Into Repo, Tether Printing, CSW Court Fail EP027SHOW RESOURCES: Federal reserve injects $168B in repo markets an-entire-btc-market-cap ECB boss warns of another financial crisis like 2008 crash-on-scale-of-2008-lagarde-warns Bitcoin steady as Bank of England cuts rates to 11 year low denly-cuts-rates-to-11-year-low Tether liquidity inbound, 60 million printed ally-inbound/ Judge throws out Craig Wright excuses, yet again se One of the largest XRP supporters has jumped ship https://decrypt.co/21934/trolls-drive-ceo-of-xrp-to-abandon-ripple I’m in a video game! Lightning-enabled battle royale game “Light Nite” made a BTC Sessions skin, and I think it’s pretty rad. You can pre-order the game and get the skin/20% off with the link https://lightnite.io/ref=btc-sessions SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Visit and sign up for Paxful: http://bit.ly/2HYQnOG Paxful Tutorial: https://www.youtube.com/watch?v=QyKJvjzLmag Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions21:59March 11, 2020Coronavirus tanks stocks but Bitcoin up, NYC power plant is mining, India embraces BTC EP026SHOW TOPICS: Max Keiser says Coronavirus will propel BTC to $100,000 100-000-in-2020-max-keiser Plan B Stock to flow likewise projects $100,000 before 2022 ays-market-analyst-planb New York natural gas plant is now mining Bitcoin. No-coiners lose their minds. new-york-state-and-mines-its-own-bitcoin https://twitter.com/TheCryptoconomy/status/1235608282343096320 India legalizes cryptocurrency businesses and trading t-to-fuel-crypto-adoption South Korea formally regulates cryptocurrency trading, in line with FATF guidelines https://bitcoinist.com/crypto-trading-legalized-in-south-korea/ Next Bank of England Governor seems to not be a fan of Bitcoin ll-your-money-with-bitcoin SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Visit and sign up for Paxful: http://bit.ly/2HYQnOG Paxful Tutorial: https://www.youtube.com/watch?v=QyKJvjzLmag Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions23:58March 6, 2020Bitcoin Fundamentals Rock Solid, BTC on Netflix Altered Carbon | Economy In Turmoil – Bitcoin Fixes This EP025SHOW TOPICS: Bitcoin hits new all time high for hashrate s On-Chain analytics look bullish for Bitcoin -sub-8k-bitcoin-price-forecasts Bitcoin featured on Netflix show Altered Carbon ltered-carbon https://twitter.com/degeri_crypto/status/1233658256737918976 Marty Bent covers Fed cutting interest rates and injecting liquidity into repo markets, while stocks continue to drop – shit is hitting the fan https://tftc.io/martys-bent/issue-686/ SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Visit and sign up for Paxful: http://bit.ly/2HYQnOG Paxful Tutorial: https://www.youtube.com/watch?v=QyKJvjzLmag Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions14:44March 4, 2020Bitcoin extends price dip pre-halving, Lebanese using BTC to escape capital controls, cracks in US economy emerge EP024SHOW TOPICS: Bitcoin drops below 9K, but should you be worried? body/ Bitmex daily liquidations hit year to date record https://bitcoinist.com/bitmex-liquidations-bitcoin-2020/ Plan B stock to flow believes there is a floor at $8200 crash-planb/ https://digitalik.net/btc/ Cracks in the economy show as auto and credit card loan delinquency rates skyrocket https://tftc.io/martys-bent/issue-682/ Capital controls in Lebanon have some looking to Bitcoin, and paying a large premium to do so https://decrypt.co/20618/the-case-for-bitcoin-in-lebanon g-cash-crunch/ The Bank Of Canada has a contingency plan for a digital currency – but why? cy-as-contingency SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions35:10February 27, 2020Bitcoiners revolt against Trace Mayer, Buffet dumps his BTC, Avanti bank to serve BTC industry EP023SHOW TOPICS: Trace Mayer shills privacy coins while dropping FUD on coinjoin r-as-bitcoin-og-turns-into-altcoin-shill/ Warren Buffet unsurprisingly dumped his Bitcoin https://bitcoinist.com/just-in-warren-buffett-gave-away-his-bitcoin/ Anthony Pompliano on CNN rebutting Warren https://twitter.com/jchatterleyCNN/status/1232368070544515072 Tim Draper exited stocks 6 months ago, is heavily in Bitcoin ocks-for-bitcoin-6-months-ago Caitlynn Long announces Avanti Bank – a new US Bank to serve the digital asset industry https://twitter.com/CaitlinLong_/status/1231959866513616898 Zebedee creates developer dashboard for games to incorporate Bitcoin r-dashboard-unity-sdk-4598c394cc23 LIGHTNITE website https://lightnite.io/ SIGN UP https://lightnite.io/ref=BTCsessions SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions24:18February 26, 2020Huge Bitcoin drop, OpenNode integrates Apple pay, Layer1 mining ramps up EP022SHOW TOPICS: Bitcoin drops $1000 in less than an hour sh-ever/ Bullish CNBC segment https://twitter.com/CNBCFastMoney/status/1230261266058534913 China pumps 5 TRILLION Yuan into economy debt-arrest-economic-crash Opennode allows merchants to accept dollars but stack sats Coldcard upgrade – do not update Mk1 https://twitter.com/COLDCARDwallet/status/1230519981441458176 Layer1 mining facility in Texas targets 30% hashrate within 2 years ning-facility-in-texas SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Looking for an audio-only version of the show? https://anchor.fm/btcsessions Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions21:58February 21, 2020Bitcoin golden cross, DeFi exploited again for $600k, FCoin Exchange Owes $125M EP021SHOW TOPICS: Bitcoin’s golden cross s-officially-arrived/ Trump Bitcoin stimulus package icy Michael Bloomberg wants clearer Bitcoin regulations roposes-clear-regulatory-framework-for-crypto Another smart cookie exploits Defi for $600,000 this time ed-twice-in-a-matter-of-days Exploit breakdown https://twitter.com/kermankohli/status/1229653115470667777 Fcoin shuts down, owes users $125 Million in Bitcoin l-owes-users-125-million SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Looking for an audio-only version of the show? https://anchor.fm/btcsessions Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions21:21February 18, 2020Bitcoin Regulatory FUD from Treasury Secretary, Bcash About To Fork, DeFi Seizing Funds EP020SHOW TOPICS: “Significant” crypto crackdown revealed by Steve Mnuchin -as-significant-us-crackdown-suddenly-revealed/#18c031cb1191 FinCEN doesn’t know anything https://twitter.com/CACryptoLawyer/status/1227702311272603648?s=19 Actual testimony from Steve Mnuchin in the senate https://www.youtube.com/watch?v=xEGYDD4itUg&feature=youtu.be Max Keiser predicts $400,000 Bitcoin uadruples-btc-price-forecast My prediction for Bitcoin, made back in early 2018 https://www.youtube.com/watch?v=CKQPtUs04-4 Bitcoin Cash set for contentious hard fork regarding developer tax being implemented https://cryptobriefing.com/bitcoin-cash-community-is-splitting-again/ DeFi taking funds from margin trader who capitalized on low liquidity fi US Household debt is now over $14 TRILLION, higher than before the 2008 recession the-solution/ Check out my new Bitcoin node tutorial! https://www.youtube.com/watch?v=GMovZg_3ERs SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Looking for an audio-only version of the show? https://anchor.fm/btcsessions Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions27:11February 17, 2020US Marshals REKT Selling Early, $11K in sight, 40 German Banks Eye BTC Custody EP019SHOW TOPICS: Strong rebound in the Bitcoin price means we could be looking at $11,000 and beyond trongly-with-11-000-in-sight Google searches for Bitcoin are up 33% this week alone ather-momentum/ US Marshalls have lost an estimated $1.7 BILLION dollars by selling their seized Bitcoin too early -too-early Tom Lee predicts Bitcoin will hit $40,000 before the Dow om-lee-doubles-down-on-btc 40 German Banks apply to custody Bitcoin for their customers ight-to-offer-bitcoin-custody William Shatner AKA Captain Kirk can see through Craig Wright’s lies aims-to-inventing-bitcoin SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Looking for an audio-only version of the show? https://anchor.fm/btcsessions Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions19:54February 12, 2020BTC $10k + CME Gap, Tron Enrages Everyone, BSV Splinters After Fork EP018SHOW TOPICS: What caused Bitcoin to hit $10,000? 3 Possible reasons -10k-over-the-weekend Sudden Drop to fill the CME gap r-10k-to-fill-futures-gap Etherians and Maximalists alike are getting trigged by this: https://twitter.com/sassal0x/status/1225997218429059073 Altsbit to shut down in May following major hack -down-in-may-2020 Bitcoin SV ‘downgrades’ and causes nodes to fork off ade/ Check out my new Coldcard tutorial! https://www.youtube.com/watch?v=52pjqUzGxDg SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Looking for an audio-only version of the show? https://anchor.fm/btcsessions Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions23:27February 10, 2020Environmental Impacts: Bitcoin vs Gold - With Hass McCook EP017Today’s guest Hass McCook discusses the environmental impacts of Bitcoin vs Gold.    Hass’s articles on Coindesk  https://www.coindesk.com/author/hass-mccook Hass’s Medium  oin-part-i-ac162067721d Hass on Twitter  https://twitter.com/FriarHass SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions48:25February 7, 2020$10K Nears - Tips for BTC Bull Market, Square Crypto LN Dev Kit, US Gov to Auction $37M BTC EP016SHOW TOPICS: Bitcoin hits new yearly highs 2 days in a row. $10K incoming? -in-a-row/ 5 Tips For The Bull Market e-upcoming-bull-market/ Related: Brian Kelly “diversified crypto portfolio” post mortem a954a6 Trezor tutorial https://www.youtube.com/watch?v=i3BIo5Ac_n4 Ledger tutorial https://www.youtube.com/watch?v=R0YWdw2AOCg Coldcard tutorial https://www.youtube.com/watch?v=kocEpndQcsg Square Crypto shares details on Lightning Development Kit -lightning-kit US Government is auctioning off $37 million of Bitcoin n SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Looking for an audio-only version of the show? https://anchor.fm/btcsessions Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions18:37February 7, 2020Lightning Labs Raises $10M, Bitpay Ditches Bip70, Central Banks Slow To Digitize EP015SHOW TOPICS: Lightning Labs secures $10M funding seed round and announces Loop 4a4d31167f https://lightning.engineering/loop/ Bitpay Dumps Bip70, basically admitting defeat. You should probably use BTCPay or OpenNode instead anyways. https://cryptobriefing.com/bitpay-art-underwhelming-upgrades/ “The Missing Crypto Queen” BBC podcast series documenting the OncCoin Ponzi scheme is being turned into a TV drama https://decrypt.co/18488/onecoin-scandal-to-become-tv-drama Former ECB Vice President says central bank digital currencies are still a decade out https://bitcoinist.com/central-bank-crypto-10-years-away/ SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Looking for an audio-only version of the show? https://anchor.fm/btcsessions Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions21:15February 6, 2020Bitcoin VS Altcoins: Exploring Monetary Policy EP014What is Bitcoin’s monetary policy? How many Bitcoins will ever be issued? How often are new ones created? Who gets them? More importantly, is this the same for altcoins? If not, how do they hold up against Bitcoin? In today’s show I explore these topics and give you a number of questions you should ask yourself any time you look at an altcoin and think it’s a “good deal”. SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Looking for an audio-only version of the show? https://anchor.fm/btcsessions Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions22:56February 5, 2020Bitcoin's Bullish January, Trezor Is Hackable, Lightning Innovation With Strike App EP013SHOW TOPICS Bitcoin Up 32% This Month https://bitcoinist.com/bitcoin-is-up-32-this-month/ 75% of all Bitcoin are in profit / Trezor Wallets Can Be Hacked eals Attacking Bitcoin for one day costs $21 Million or-a-day Jack Mallers announces incredible Strike app – true lightning innovation https://medium.com/@JimmyMow/announcing-strike-by-zap-4f578c7c8984 Vlad Costea examines Bitcoin’s leaderless advantage ow-it-came-to-be SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Looking for an audio-only version of the show? https://anchor.fm/btcsessions Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions20:31February 1, 2020Bitcoin Proof Of Reserves and Demanding Industry Accountability with Mauricio from Ledn EP013Today I sat down with Ledn’s Mauricio Di Bartolomeo to discuss the idea of proof of reserves, building financial products on Bitcoin, and the implications of some companies carrying over bad practices of traditional finance to a world with no lender of last resort. Ledn on Twitter: https://twitter.com/hodlwithledn Mauricio on Twitter: https://twitter.com/cryptonomista Mauricio’s proof of reserves article from Bitcoin Magazine: t-to-bitcoin Visit LEDN and learn about their services: https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Looking for an audio-only version of the show? https://anchor.fm/btcsessions Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions43:13January 31, 2020Exploring the Liquid Network with Blockstream's Samson Mow EP012Today’s guest is Samson Mow, CSO at Blockstream. We dive into Blockstream's Liquid Network, what it is, and who it's for. Samson on Twitter https://twitter.com/Excellion  Read more about Liquid Network https://blockstream.com/liquid/  Read more about Blockstream https://blockstream.com/ Check out my YouTube tutorial for Blockstream Green https://www.youtube.com/watch?v=uO3Zi9D5b0Y SUPPORT THE SHOW! Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions45:32January 24, 2020Bitcoin Privacy War, Microsoft likes layered scaling, BTCpay Vault EP011SHOW TOPICS: Microsoft says on-chain scaling degrades decentralization, prefers layered scaling approach egrades-decentralization/ Lightning Network Trust Chain part 2 is on the move! https://twitter.com/hashtag/LNTrustChain2?src=hashtag_click Opendime – physical bitcoin https://opendime.com/ Bitcoin privacy war – will it be worse than the scaling war? -scaling-war/ Wasabi wallet https://wasabiwallet.io/ Samourai Whirlpool https://samouraiwallet.com/whirlpool Joinmarket https://github.com/JoinMarket-Org Liquid Network https://blockstream.com/liquid/ Lightning wallets list https://lightningnetworkstores.com/wallets BTCpay Server introduces “BTCpay Vault” https://blog.btcpayserver.org/btcpay-vault/ SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions18:49January 21, 2020Bad Bitcoin Takes Abound: Private Keys and Block Size EP010SHOW TOPICS: What the hell is going on? Peter Schiff irresponsibly loses his private keys, blames Bitcoin https://twitter.com/PeterSchiff/status/1218911797626847234 Binance CEO suggests keeping funds on exchanges re-safer-than-keeping-ones-keys Trace Mayer endorses Bobby Lee’s Ballet Crypto wallet https://twitter.com/TraceMayer/status/1219003646685278208 A look at Bitcoin Block Size t John Carvalho on What Bitcoin Did discussing Defending Bitcoin valho Post-mortem of Segwit2X k-consensus Bitcoin Core contributors list https://bitcoin.org/en/development#dev-communities Breez Lightning Wallet tutorial https://www.youtube.com/watch?v=t_4b-y4T8bY SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions35:25January 21, 2020CAD Crypto Exchanges Dealt Tough Regulations, Stock to Flow vs Efficient Market EP009SHOW TOPICS: Canadian Securities regulators hit exchanges hard for-cryptocurrency-exchanges Summary by Matt Burgoyne https://twitter.com/BurgoyneMatt/status/1217866056519143430 Plan B Stock To Flow Model vs Efficient Market Hypothesis coin-stock-to-flow-model-db17f40e6107 Live Stock to Flow model https://digitalik.net/btc/ Bitcoin up 25% this year already er-hitting-9-000 Bitcoin hashrate https://coin.dance/blocks/hashrate/linear SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions26:31January 18, 2020BTCPay Adds Liquid, CSW v Hodlonaut Dismissed, Bitfinex $1 Billion BTC Tx EP008SHOW TOPICS: BTCPay Server integrates Liquid network cpay-server/ Overview of Liquid support for Green Wallet reen/ Hodlonaut Defamation case vs Craig Wright dismissed in the UK https://bitcoinist.com/hodlonaut-v-craig-wright-case-moves-to-norway/ Bitfinex moves $1Billion in Bitcoin for 48 cents -1b-in-bitcoin-for-48-cents New Breez Lightning Wallet tutorial: https://www.youtube.com/watch?v=t_4b-y4T8bY&feature=youtu.be SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions10:16January 16, 2020The Road To $10K Bitcoin, Avoiding The Altcoin Circus EP007***Apologies for audio quality - had microphone issues today SHOW TOPICS: Bitcoin hits 2 month high as-3-bullish-factors-converge Key resistance levels between here and $10,000 as-3-bullish-factors-converge BitcoinSV is pumping and Craig Wright’s trial is a circus an-unexpected-turn Coinmarket Cap historical snapshots from previous bull markets 2013 https://coinmarketcap.com/historical/20131201/ 2017 https://coinmarketcap.com/historical/20171217/ My article on the Crypto Diversification Trap a954a6 LEDN Bitcoin loans get $50 free: https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Check out NordVPN for 81% off: https://nordvpn.org/btcsessions Rise Wallet – easy onboarding for Canadians https://www.risewallet.com/ Wasabi Wallet – use coinjoin to maintain privacy https://wasabiwallet.io/ LIGHTNING tips: https://tippin.me/@BTCsessions25:58January 14, 2020Musk on Bitcoin Twitter, Russian Cloud Mining, Chinese Crypto Scams EP006SHOW TOPICS: 11 years ago today Hal Finney tweeted “Running Bitcoin” https://twitter.com/halfin/status/1110302988?s=20 https://nakamotoinstitute.org/finney/ Russia has nearly double the interest in cloud mining as China ng-industry Scammers gonna scam – Craig Wright drops 400+ dossiers in Kleinman case to buy himself more time https://twitter.com/ModernConsensus/status/1215445144134209537 The average 2019 crypto scam victim in China experienced a lost of $20,000 apita-in-scams-last-year Elon Musk tweeting about Bitcoin again https://twitter.com/elonmusk/status/1215526980449255424 SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions13:46January 10, 2020Bitcoin + Gold Correlation, Futures Volumes Explode, The Quantum Threat EP005SHOW TOPICS: Is Bitcoin becoming more correlated with gold? -the-two-assets Bitcoin futures volumes explode across the board ng/ IBM doubles its quantum computing capability at CES – is this a threat to Bitcoin? tays-safe tcoin-in-2020 SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions16:31January 10, 2020Bitcoin Pump, Kraken Compliance Squeeze, Tether Liquid Migration EP004SHOW TOPICS: Bitcoin chart turns green again. Are we out of the woods? h-hinting-at-new-bull-market Check out Murad’s “Ultimate Bitcoin Argument” itcoin-argument/ Kraken law enforcement requests hit an all time high in 2019 all-time-high-up-49-in-2019 Andreas Antonopoulos to testify at Craig Wright’s trial billion-bitcoin-lawsuit Jameson Lopp takes down Wright Timeline of Craig Wright’s fraud https://seekingsatoshi.weebly.com/mylegacykit.html Tether exodus from Ethereum to Liquid https://tftc.io/martys-bent/issue-646/ SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions19:27January 7, 2020Nakamoto is not ProBTC, John McAfee Abandons Bitcoin, Segwit Hits 66% EP003SHOW TOPICS: Nakamoto “Technical Journal” has a disastrous launch -complete-disaster @CitizenBitcoin gives reasons for pushback https://twitter.com/CitizenBitcoin/status/1213870001775620097 @BitcoinMemeHub aggregates #ProBTC tweets https://twitter.com/BitcoinMemeHub/status/1213817467728015360 Insight on Coinbase’s shady past & the #DeleteCoinbase movement https://www.youtube.com/watch?v=0l1KwAZKGts John McAfee renegs on $1,000,000 BTC bet, calls Bitcoin “ancient technology” https://bitcoinist.com/has-mcafee-drops-bitcoin/ Segwith adoptions hits 66% network adoption -after-bitmex-embraces-upgrade SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions26:27January 6, 2020Bitcoin's Birthday, Proof Of Keys, Iran Tensions EP002SHOW TOPICS: Bitcoin turns 11 years old https://decrypt.co/15841/bitcoins-had-a-sensational-11-years Proof of Keys is TODAY. Get your coins off exchanges! https://www.proofofkeys.com/ Did tensions between Iran and the US boost the Bitcoin price? ed/ Previous correlations between global unrest & bitcoin price: https://money.cnn.com/2013/03/28/investing/bitcoin-cyprus/index.html https://money.cnn.com/2015/06/29/technology/greece-bitcoin/index.html sult-sends-uk-pound-tumbling-to-30-year-low/ https://fortune.com/2016/12/07/donald-trump-bitcoin/ European Central Bank plots how to discourage saving with their central bank digital currency ve-rates-for-digital-currency SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Looking for an audio-only version of the show? https://anchor.fm/btcsessions Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions20:15January 3, 2020Bitcoiner Resolutions, Hashrate All Time High EP001SHOW TOPICS: Top 7 Bitcoin New Years Resolutions https://bitcoinist.com/7-new-years-resolutions-for-bitcoin-hodlers/ My tweets & links on running a Bitcoin node https://twitter.com/BTCsessions/status/1212133601950797824 Bitcoin starts 2020 with a new hashrate all time high -ever-as-hash-rate-hits-record -2017-ath/ Malicious Ledger browser extension found for Chrome. Beware! o-malicious-browser-extension SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions29:53January 2, 2020

Bitcoin Prices Fall for Fourth Straight Month By Jerin Mathew November 1, 2014 07:35 GMT Bitcoin Reuters Bitcoin prices declined for the fourth straight month in October, as investors' concerns about the digital currency continue to grow amid a number of adverse incidents.During October, the bitcoin value declined by 12.8%, closing at 336.8 as on 31 October, according to the Coin Desk Bitcoin price index. The popular digital currency is trading down 1.72% at $331.02 as at 6:26 am GMT.Bitcoin declined 19.2% in September, 17.8% in August and 9.1% in July, after rising 2.6% in June.Bitcoin was launched in 2008 and is traded within a global network of computers. Virtual currencies are not backed by any country or central bank and can be transferred without going through banks or clearing houses, and without the associated fees.While the support for the digital currency from merchants and other prominent people increased and more bitcoin businesses started operations during October, investors have been largely pessimistic about the future of bitcoin.Earlier, Microsoft co-founder Bill Gates spoke in favour of the digital currency, and former SEC chairman Arthur Levitt said he would be advising bitcoin firms, BitPay and Vaurum.Regulatory issues have been a major source of concern for investors. The currency is banned in Russia, and the Chinese government is ensuring that the bitcoin business does not get any support from banks.In the US, the proposed rules by the New York's Department of Financial Services are expected to curtail the free-wheeling nature of the currency.Some say that the increasing adoption of bitcoin payment option by merchants is also driving down its prices.The merchants are constantly converting bitcoins received from payments to the US dollar, leading to panic selling in the bitcoin market, according to them.In addition, the collapse of a number of bitcoin companies has hurt investor morale. Bitcoin Trader, a popular arbitrage service in the digital currency, earlier failed due to an alleged hacking attack.The digital currency has been widely used on online black markets, selling drugs and other illegal services and terrorist financing. It is feared that the currency may face restrictions from regulators due to its use in anti-social activities.Related Cryptocurrency Round-Up: MintPal CrowdFunds Legal Case Against Alex Green Over Missing Bitcoins Terrorists Threaten to Release Ebola in Czech Republic Unless They Get 1m in Bitcoin Ransom Cryptocurrency Round-Up: Bitcoin on Tor Puts Users at Risk of Attack, Kraken Launches

Mon, 29/01/2018 - 11:15 The Cayman Islands is not resting on its laurels and is developing a fintech framework and a legislative and regulatory approach that will allow managers and promoters to leverage the benefits of blockchain, cryptocurrencies and related technologies Mon, 29/01/2018 - 11:58A number of regulatory developments have been introduced into the Cayman Islands over the last 12 months as it takes further steps to ensure the transparency and integrity of its financial funds industry stands up to global scrutiny. Mon, 29/01/2018 - 12:05By Chris Humphries, Stuarts Walker Hersant Humphries Blockchain technology offers an exciting, unprecedented and innovative opportunity for the Cayman Islands investment funds industry. Whilst cryptocurrencies (such as Bitcoin) have been around for a number of years, we are now seeing a surge of activity in this area. Funds are being established in the Cayman Islands which will focus entirely on blockchain and cryptocurrency strategies. In addition, funds are seeking to innovate by accepting cryptocurrencies as a payment mechanism for subscription proceeds. Mon, 29/01/2018 - 12:09With the global financial crisis of 2008 now a decade in the past, much has changed in terms of how offshore private funds are governed and monitored. The highly publicised Weavering case in 2009 brought the role of fund directorships into sharp focus, specifically the lack of robust independent oversight. Mon, 29/01/2018 - 12:23Changes to beneficial ownership The Companies Law and the Limited Liability Companies Law of the Cayman Islands (Regime) requires certain Cayman Islands corporate entities (each a company) to maintain a beneficial ownership register (Register) at their relevant registered office, the information of which will be stored in encrypted form on a secure, stand-alone search platform established by the Minister of Financial Services of the Cayman Islands, as the competent authority (Competent Authority). Mon, 29/01/2018 - 12:35IMS (International Management Services Ltd) is one of the leading providers of directorship services in the Cayman Islands. Its directors bring a wealth of experience to the funds they represent. One area of corporate governance that has becomeincreasingly pertinent relates to the growing threat of cybersecurity. Mon, 29/01/2018 - 12:40Besides the Data Protection Law, 2017, which was gazetted on 5 June 2017 and is expected to come into force in January 2019, the main regulatory development, in terms of its impact on Cayman regulated hedge funds, is The Monetary Authority (Amendment) Law, 2016. Mon, 29/01/2018 - 12:44Q&A with Jude Scott, Chief Executive Officer (CEO) of Cayman Finance Mon, 29/01/2018 - 12:50By Lucy Frew, Partner, Walkers Significant developments in the regimes for data protection and cybersecurity, together with increasing investor awareness, mean that these are key issues for hedge fund businesses in 2018. Mon, 29/01/2018 - 12:54The Cayman Islands is fast becoming the go-to jurisdiction for software developers and fund managers alike as they look to establish cryptocurrency funds and ride what is, if one looks at the price of Bitcoin, a hugely volatile wave. Mon, 29/01/2018 - 13:04By Marc Kish, Partner, Ogier In a recent landmark decision of the Grand Court in A Company and A Funder, the Court has approved a third party litigation funding agreement and in doing so given a roadmap to funders as to what conditions it will apply in such cases. While previous decisions of the Grand Court have approved third party funding agreements in principle, the Courts observations have until now been restricted to the use of funding for the benefit of impecunious liquidation estates. This was a case involving a large multinational seeking to take advantage of funding for other commercial reasons. Mon, 29/01/2018 - 13:08The Cayman Islands has recently taken a number of measures to reinforce its position in the global financial services market. Mon, 29/01/2018 - 13:12By Richard Spencer, Partner, Campbells Legal The stratospheric rise in the value of cryptocurrencies throughout 2017, coupled with significant price volatility, caught the attention of the world at large. Opinions remain polarised, with regulators warning Main Street investors of the risks associated with purchasing virtual currencies and cryptographic tokens. The underlying distributed ledger technology is far less controversial, with well-known global financial institutions investing heavily in this space. Mon, 29/01/2018 - 13:17For most new fund managers the concept of having to prepare for a financial audit is entirely novel. Knowing what is involved and how best to prepare, in terms of applying best practices, is a new discipline, yet it is one that is crucial to running a successful fund management business. Mon, 29/01/2018 - 12:58Q&A with Gary Smith, Partner, Loeb Smith Attorneys Wed, 2018-04-18 10:52Fri, 2018-04-13 08:58Mon, 2018-04-16 16:53Mon, 2018-04-16 13:01Fri, 2018-04-13 07:59Mon, 2018-04-09 07:28Mon, 2018-04-09 10:03Thu, 2018-04-05 10:26Tue, 2018-03-06 12:15Wed, 2018-03-28 10:28Fri, 2018-03-16 10:44Wed, 18/Apr/2018 - 10:52Fri, 13/Apr/2018 - 08:58Mon, 26/Mar/2018 - 14:53Mon, 29/Jan/2018 - 11:15Fri, 19/Jan/2018 - 13:15Tue, 09/Jan/2018 - 12:28Copyright 2018 GFM Ltd. All Rights Reserved

BTC SessionsBy Ben PerrinBTC Sessions is the easiest way to get your daily dose of Bitcoin news in 30 minutes or less! Starting in undefined…00:0026:231xBTCPay Adds Payjoin With Blockstream Help | Tone Vays Banned From YouTube | More US Helicopter Money EP044SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Buy Bitcoin on Coinberry and get $20 after your first $100 purchase https://app.coinberry.com/invite/c5d52730857 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions SHOW RESOURCES: BTCPay Server implements payjoin privacy feature with the help of Blockstream cpay-servers-p2ep-implementation/ Marty Bent discusses oil & gas being the next boon for Bitcoin mining https://tftc.io/martys-bent/issue-717/ Follow Steve Barbour for more on O&G mining https://twitter.com/SGBarbour Tone Vays was banned from YouTube https://twitter.com/ToneVays/status/1250793993396539394 Follow me on LBRY https://lbry.tv/@btcsessions:8 There’s a bill to pay every American $2000/month https://decrypt.co/25756/democrat-coronavirus-check-bill26:23April 16, 2020Global Recession and Zombie Markets, Bitcoin Halving Search All Time High, CSW Pulls Adam Back Lawsuit EP043SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Buy Bitcoin on Coinberry and get $20 after your first $100 purchase https://app.coinberry.com/invite/c5d52730857 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions SHOW RESOURCES: IMF confirms global recession far worse than 2008 ion Deutsche Bank slams Federal Reserve for spurring zombie markets k-hails-end-of-free-market Google searches for Bitcoin Halving 16% above previous all time high anks-previous-all-time-high BAD TAKE: Bitcoin Suisse founder claims Bitcoin will follow Ethereum to proof of stake o-proof-of-stake-says-bitcoin-suisse-founder Craig Wright retreats from libel lawsuit against Adam Back, pays all legal fees pays-all-costs Samourai Wallet tutorial with setup, dojo and whirlpool https://www.youtube.com/watch?v=icyeO70ICi418:13April 14, 2020Bisq Critical Vulnerability, Abra Goes Fully Custodial, Retail Buys Bitcoin Dip While Institutions Flee EP042SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Buy Bitcoin on Coinberry and get $20 after your first $100 purchase https://app.coinberry.com/invite/c5d52730857 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions SHOW RESOURCES: Abra ditches all non-custodial features todial-model Bisq has critical security vulnerability, 3BTC and 4000XMR stolen https://bisq.network/statement-security-vulnerability-april-2020 Yet another bitcoin-backed token, this time on Tezos os-blockchain Plus these two on Ethereum rustless-btc-to-defi Retail investors bought the dip, while institutions bailed s-institutional-traders-flee-report Mike Novogratz says stocks are a bull trap – stick to gold and Bitcoin -digital-ceo/23:16April 8, 2020Economy Shows Echoes of Weimar | Udemy Bitcoin Demand Up 300% | Phoenix Lightning Wallet Adds Tor EP041SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Buy Bitcoin on Coinberry and get $20 after your first $100 purchase https://app.coinberry.com/invite/c5d52730857 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: https://anchor.fm/btcsessions Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions SHOW RESOURCES: A comparison of the US with Weimar Germany post-WW1 by Marty Bent https://tftc.io/martys-bent/issue-711/ As many as 30% of homeowners could stop paying their mortgages 917166.html Analyst sees $13.8K Bitcoin in the cards by the end of June k-soon/ Demand for Bitcoin online courses jump 300% -300 Bitcoin fear and greed index https://alternative.me/crypto/fear-and-greed-index/ Phoenix lightning wallet adds tor support https://twitter.com/PhoenixWallet/status/1247456750908956680 BTC Sessions blog with tutorials including Phoenix: ada Paxful adds trades between bitcoin and gold tween-gold-and-bitcoin Running a bitcoin node to maximize financial sovereignty inancial-sovereignty20:32April 7, 2020First US Bank Fails, Fed Says Economy Is Fine, Coinjoin Day, Bitcoin Hashrate Increase EP040SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Buy Bitcoin on Coinberry and get $20 after your first $100 purchase https://app.coinberry.com/invite/c5d52730857 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions SHOW RESOURCES: First US Bank failure of the recession https://decrypt.co/24521/first-us-bank-falls-coronavirus Fed President claims economy is fine espite-32percent-unemployment-estimate.html?__twitter_impression=true Michael Burry on jobs report https://twitter.com/michaeljburry/status/1247021055824150528 New Wasabi release for #coinjoinday https://twitter.com/wasabiwallet/status/1246714943862444032 Beware “Profit Bitcoin” scam ublic-about-profit-bitcoin-scam Bitcoin hashrate increase -to-rise-as-hash-rate-recovers Bitcoin has likely had an average of $400M new investment over the past 2.5 years ew-data-suggests/ Bitcoin block halving countdown https://www.bitcoinblockhalf.com/24:46April 6, 2020Bitcoin Fund On Toronto Stock Exchange, Blue Wallet Integrates Hodl Hodl, Mike Novogratz Eyes $20K in 2020 EP039SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Buy Bitcoin on Coinberry and get $20 after your first $100 purchase https://app.coinberry.com/invite/c5d52730857 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions SHOW RESOURCES: 3iQ to launch Bitcoin Fund on the Toronto Stock Exchange l-prospectus/ Blue Wallet adds Hodl Hodl trading integration 64287b44 Mike Novogratz anticipates $20,000 Bitcoin before the end of 2020 tcoin-doesnt-hit-20k-in-2020 Bitcoin Fear/Greed Index https://alternative.me/crypto/fear-and-greed-index/ Past halving performance ediate-bitcoin-upsurge-is-flawed Fed balance sheet swells to $5.86 trillion /fed-balance-sheet-increases-to-record-5-86-trillion-idUSKBN21K3HB Bitcoin block halving countdown https://www.bitcoinblockhalf.com/21:28April 3, 2020How Halving Will Affect Bitcoin Buy and Sell Pressure, Robert Kiyosaki Bitcoin Bull, Lightning and Liquid Innovation EP038SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Buy Bitcoin on Coinberry and get $20 after your first $100 purchase https://app.coinberry.com/invite/c5d52730857 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions SHOW RESOURCES: Halving and Miner Capitulation – how it all affects the price of Bitcoin ing-analysis Bull Bitcoin launches LCAD – liquid Canadian Dollar on Blockstream’s Liquid sidechain https://lcad.bullbitcoin.com/ Robert Kiyosaki is bullish on Bitcoin https://twitter.com/theRealKiyosaki/status/1245205778849394688 Physical Gold shortages abound er-your-mattress-get-in-line-and-pay-up Max Keiser believes deficiency in gold market is bullish for Bitcoin in-for-the-poor-max-keiser US Jobless claims rise 6.6 million, bringing total to nearly 10 million https://www.cnbc.com/2020/04/02/weekly-jobless-claims.html Bitfinex increases lightning network capacity paign=bfx_LightningNetwork_newnode UK challenger bank Revolut opens Bitcoin/crypto exposure to all its global customers n-users BTSE Debit card https://www.btse.com/en/debit-card Binance Debit card ance-Card-Shop-and-Pay-With-Crypto-Anywhere-in-the-World31:33April 2, 2020Fed Printing $1M Per Second, Bitcoin HODL Wave Looks Bullish, Lightning Labs LSATs EP037SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Paxful online Bitcoin marketplace: http://bit.ly/2HYQnOG Paxful Tutorial: https://www.youtube.com/watch?v=QyKJvjzLmag Built With Bitcoin: https://builtwithbitcoin.org/ Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions SHOW RESOURCES: The Federal Reserve is printing at a pace of $1,000,000 per second er/ Bitcoin exchanges see massive influx of new users for March ers-this-month HODL wave metric shows hodlers of last resort are out in full force https://twitter.com/unchainedcap/status/1245057902932627456 BCH/BSV halvings could have miners jump to Bitcoin, at least temporarily s-to-bitcoin-btc-report Binance is looking to acquire Coinmarketcap for $400M on-deal Lightning labs looks to authenticate and monetize the internet via LSATs without-passwords Would you live forever if you could? https://twitter.com/BTCsessions/status/124497852731049984027:02March 31, 2020Capital Controls in Egypt, Bitcoin Recovery Continues WITHOUT Stimulus, Coinjoin Day EP036SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Paxful online Bitcoin marketplace: http://bit.ly/2HYQnOG Paxful Tutorial: https://www.youtube.com/watch?v=QyKJvjzLmag Built With Bitcoin: https://builtwithbitcoin.org/ Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions SHOW RESOURCES: Egypt enacts capital controls to avoid bank runs tcoin US Unemployment could reach as high as 32% or 47 million people million-unemployment-rate-of-32percent-fed-says.html Fed tries to fix economy buying mortgage backed securities, ends up triggering margin calls by those companies hedging -mortgages-unbalanced-market-forcing-margin-calls.html Bitcoin has rallied 80% since its bottom – all WITHOUT a stimulus package lout-time-to-get-bullish Bitcoin core now available on the dark web via Tor browser sorship Swan Bitcoin’s “presidential” promo video https://twitter.com/SwanBitcoin/status/1244695336104251392 Coinjoin Day is coming on April 5th! Start learning so you can partake! Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Samourai Wallet https://samouraiwallet.com/21:12March 31, 2020Hodlers Moving Off Exchanges, CME Eyes Bitcoin Mining, Stimulus Bill Includes Fed Secrecy and Phone Surveillance EP035Hodlers Moving Off Exchanges | CME Eyes Bitcoin Mining | Stimulus Bill Includes Fed Secrecy and Phone Surveillance SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Paxful online Bitcoin marketplace: http://bit.ly/2HYQnOG Paxful Tutorial: https://www.youtube.com/watch?v=QyKJvjzLmag Built With Bitcoin: https://builtwithbitcoin.org/ Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions SHOW RESOURCES: Bitcoin flowing into private wallets from exchanges ing-soars/ Breez merchant point of sale wallet https://twitter.com/Breez_Tech/status/1243489390292348931 CRA demands Quadriga customer data data-on-115-000-quadrigacx-users CME Eyes Bitcoin mining https://bitcoinist.com/cme-group-explores-mining-bitcoin/ Stimulus Bill allows for Fed secret meetings or-wall-street-bailouts/ https://twitter.com/RudyHavenstein/status/1243185167381835776 Stiumulus Bill allocates money for extensive phone surveillance t-worse TFTC tutorial – using GrapheneOS on a Pixel3A for mobile privacy https://www.youtube.com/watch?v=oO0UFZjuotg&feature=youtu.be Did you use my tutorial to build a node? Send me a picture! https://twitter.com/BTCsessions/status/1243580863687737345 Haven’t built a node yet? Jump in with my tutorial! https://www.youtube.com/watch?v=GMovZg_3ERs23:02March 27, 2020Bitcoin’s 2nd Largest Difficulty Drop Ever, Fed Printing Up To $6 Trillion, Stocks Pump Despite Record Job Losses EP034SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Paxful online Bitcoin marketplace: http://bit.ly/2HYQnOG Paxful Tutorial: https://www.youtube.com/watch?v=QyKJvjzLmag Built With Bitcoin: https://builtwithbitcoin.org/ Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions SHOW RESOURCES: Second Largest Bitcoin Mining Difficulty Drop Ever ntage-drop-ever Hashrate chart https://www.blockchain.com/en/charts/hash-rate Silver lining after miner capitulation ce-crash/ Thread on miner sell pressure https://twitter.com/mjdsouza2/status/1243236523149004800 Bitcoin hodlers sold at heavy losses on OKex t-freefall-report Bakkt physical delivery of BTC rises 44% utures-rises-44-in-march Gold shortage as trust in 3rd parties diminishes – not your vault, not your gold https://www.ft.com/content/81d915e2-6cef-11ea-89df-41bea055720b FDIC begs us not to start a bank run e-signal/ Federal reserve potential $6 Trillion relief package – maybe more! rks-worth-of-dollars/ Wall Street Journal claims we’re in a Bull Market again https://twitter.com/WSJ/status/1243267094852055041?s=19 US Jobless claims at 3.28 million bless-claims-surged-to-record-3-28-million-last-week27:54March 27, 2020Bitcoin and Equities Pump As Stimulus Bill Nears, FDIC Discourages Bank Runs, Mass Surveillance Programs EP 033SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Paxful online Bitcoin marketplace: http://bit.ly/2HYQnOG Paxful Tutorial: https://www.youtube.com/watch?v=QyKJvjzLmag Built With Bitcoin: https://builtwithbitcoin.org/ Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions SHOW RESOURCES: Bitcoin and Equities both pump as stimulus package deal nears ckage-deal?utm_source=twitter&utm_medium=social&utm_campaign=auto US Digital Dollar section removed from stimulus bill t-back China’s CBDC is getting closer to seeing the light y-insiders FDIC releases awkward video telling people to keep their money in the banks https://twitter.com/FDICgov/status/1242455082551164934 Examples of new mass surveillance measures abound raelis-phones-to-curb-coronavirus/ xes-restrictions-on-mass-surveillance-powers kdown19:24March 24, 2020Fed Now Printing UNLIMITED Money, Trillion Dollar Coins, Bitcoin Monetary Policy Unaffected EP032SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Paxful online Bitcoin marketplace: http://bit.ly/2HYQnOG Paxful Tutorial: https://www.youtube.com/watch?v=QyKJvjzLmag Built With Bitcoin: https://builtwithbitcoin.org/ Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions SHOW RESOURCES: Fed announces unlimited QE, amongst other programs to “fix” the economy o-help-markets-including-open-ended-asset-purchases.html The Federal Reserve’s reaction to this crisis is exactly why Bitcoin was created ent-for-bitcoin-yet US Politicians propose minting two $1 TRILLION dollar coins, then sending cash to every American https://decrypt.co/23219/trillion-coin-fed-treasury-coronavirus Bitcoin halving countdown https://www.bitcoinblockhalf.com/ Crypto exchanges are one business thriving with the market turmoil the-ides-of-march Mike Novogratz says this NEEDS to be Bitcoin’s year -says-mike-novogratz Wasabi Wallet allows you to automate mixing coins directly into cold storage -hardware-wallet-ec07ea0b499922:22March 24, 2020CNN Warns Against Bank Runs, Bitcoin’s Rebound, Italian Bank Adds BTC Wallet EP031SHOW RESOURCES: CNN article basically begs US not to create a bank run ml Bank of England cancels stress test for UK banks s-too-afraid-to-fail/ US Senator allegedly dumps stocks with insider information while assuring public the economy is strong ading-after-coronavirus-hearing Senator Loeffler on March 10 reassuring Americans about the economy https://twitter.com/SenatorLoeffler/status/1237519751905267714 Raoul Pal is bullish on Bitcoin, only holds dollars and BTC e-after-miraculous-80-rebound Beware a Bull trap – Bitcoin price is not out of the woods just yet -trap/ Could BTC take months to fully recover? at-says/ Italian bank launches Bitcoin on-ramp and wallet to its million users coronavirus SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Visit and sign up for Paxful: http://bit.ly/2HYQnOG Paxful Tutorial: https://www.youtube.com/watch?v=QyKJvjzLmag Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions26:40March 20, 2020Bitcoin Decouples From Stocks | Credit Suisse May Favor Bitcoin | Square To Launch Bank EP030SHOW RESOURCES: Central Banks “running out of road” according to Bitmex research f-road Credit Suisse may support Bitcoin and doubt the fiat system https://bitcoinist.com/credit-suisse-voices-support-for-bitcoin/ https://twitter.com/JordanEliseo/status/1240116687132921856/photo/1 Bitcoin difficulty set to drop 13% next week ash-rate-following-btc-price The question of Bitcoin privacy and fungibility – legality of tumblers vs coinjoin e-legal-limits-on-maintaining-privacy Twitter CEO and Bitcoin advocate Jack Dorsey will be launching a commercial bank in 2021 https://bitcoinist.com/jack-dorseys-square-bank-will-open-2021/ SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Visit and sign up for Paxful: http://bit.ly/2HYQnOG Paxful Tutorial: https://www.youtube.com/watch?v=QyKJvjzLmag Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions24:23March 19, 2020$1 Trillion Daily Repos, Coinbase Exec To Oversee Banks, Bill In Senate Aims To Torpedo Encryption EP029SHOW RESOURCES: Former Coinbase executive will oversee the banking system _twitter_impression=true Fed Announces another $500B repo injection ation-for-overnight-repo-funding-markets.html THEN they decide on injecting $1 Trillion EVERY DAY this week -trillion-a-day-in-overnight-repo-loans-2113378 Treasury secretary announces plans for helicopter money – checks to Americans in the next couple weeks ts-checks-133994 “EARN IT” bill aims to dismantle encryption -encryption/5e616cad88e0fa101a741cee/ Sign the petition Full bill here: https://www.eff.org/document/earn-it-act Could bank runs be on the horizon? Cash withdrawal limits already in place at Bank of America, likely to be reduced in coming days https://bitcoinist.com/ultimate-test-for-fiat-as-us-bank-runs-loom/ SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Visit and sign up for Paxful: http://bit.ly/2HYQnOG Paxful Tutorial: https://www.youtube.com/watch?v=QyKJvjzLmag Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions23:26March 18, 2020Bitcoin price erratic, Fed drops rates to zero, BTC Hashrate drops EP028SHOW RESOURCES: Fed cuts rates to zero, announces $700B QE -launches-massive-700-billion-quantitative-easing-program.html What did QE look like from 08-14? 2015/11/QE.png Fed Announces additional $500B for overnight repo markets 00-billion-in-overnight-repo-funding-markets.html Fed Press release, including zero-reserve banking 15b.htm Bitcoin hashrate drops with profitability, Chinese miners selling rigs to Russia/Middle East https://decrypt.co/22538/chinese-miners-hash-halving-coronavirus Hashrate chart https://www.blockchain.com/en/charts/hash-rate Bitcoin and Gold both dropping – no current flight to safety -right-now 3 years after fee crunch, Coinbase adds transaction batching ing-saving-users-50-on-fees GPU miners can volunteer computing power to help find a vaccine via Folding@Home https://decrypt.co/22492/bitcoin-coronavirus-gpu https://foldingathome.org/ SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Visit and sign up for Paxful: http://bit.ly/2HYQnOG Paxful Tutorial: https://www.youtube.com/watch?v=QyKJvjzLmag Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Looking for an audio-only version of the show?  https://anchor.fm/btcsessions Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions 26:53March 16, 2020Fed Injects More Than Entire BTC Market Cap Into Repo, Tether Printing, CSW Court Fail EP027SHOW RESOURCES: Federal reserve injects $168B in repo markets an-entire-btc-market-cap ECB boss warns of another financial crisis like 2008 crash-on-scale-of-2008-lagarde-warns Bitcoin steady as Bank of England cuts rates to 11 year low denly-cuts-rates-to-11-year-low Tether liquidity inbound, 60 million printed ally-inbound/ Judge throws out Craig Wright excuses, yet again se One of the largest XRP supporters has jumped ship https://decrypt.co/21934/trolls-drive-ceo-of-xrp-to-abandon-ripple I’m in a video game! Lightning-enabled battle royale game “Light Nite” made a BTC Sessions skin, and I think it’s pretty rad. You can pre-order the game and get the skin/20% off with the link https://lightnite.io/ref=btc-sessions SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Visit and sign up for Paxful: http://bit.ly/2HYQnOG Paxful Tutorial: https://www.youtube.com/watch?v=QyKJvjzLmag Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions21:59March 11, 2020Coronavirus tanks stocks but Bitcoin up, NYC power plant is mining, India embraces BTC EP026SHOW TOPICS: Max Keiser says Coronavirus will propel BTC to $100,000 100-000-in-2020-max-keiser Plan B Stock to flow likewise projects $100,000 before 2022 ays-market-analyst-planb New York natural gas plant is now mining Bitcoin. No-coiners lose their minds. new-york-state-and-mines-its-own-bitcoin https://twitter.com/TheCryptoconomy/status/1235608282343096320 India legalizes cryptocurrency businesses and trading t-to-fuel-crypto-adoption South Korea formally regulates cryptocurrency trading, in line with FATF guidelines https://bitcoinist.com/crypto-trading-legalized-in-south-korea/ Next Bank of England Governor seems to not be a fan of Bitcoin ll-your-money-with-bitcoin SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Visit and sign up for Paxful: http://bit.ly/2HYQnOG Paxful Tutorial: https://www.youtube.com/watch?v=QyKJvjzLmag Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions23:58March 6, 2020Bitcoin Fundamentals Rock Solid, BTC on Netflix Altered Carbon | Economy In Turmoil – Bitcoin Fixes This EP025SHOW TOPICS: Bitcoin hits new all time high for hashrate s On-Chain analytics look bullish for Bitcoin -sub-8k-bitcoin-price-forecasts Bitcoin featured on Netflix show Altered Carbon ltered-carbon https://twitter.com/degeri_crypto/status/1233658256737918976 Marty Bent covers Fed cutting interest rates and injecting liquidity into repo markets, while stocks continue to drop – shit is hitting the fan https://tftc.io/martys-bent/issue-686/ SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Visit and sign up for Paxful: http://bit.ly/2HYQnOG Paxful Tutorial: https://www.youtube.com/watch?v=QyKJvjzLmag Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions14:44March 4, 2020Bitcoin extends price dip pre-halving, Lebanese using BTC to escape capital controls, cracks in US economy emerge EP024SHOW TOPICS: Bitcoin drops below 9K, but should you be worried? body/ Bitmex daily liquidations hit year to date record https://bitcoinist.com/bitmex-liquidations-bitcoin-2020/ Plan B stock to flow believes there is a floor at $8200 crash-planb/ https://digitalik.net/btc/ Cracks in the economy show as auto and credit card loan delinquency rates skyrocket https://tftc.io/martys-bent/issue-682/ Capital controls in Lebanon have some looking to Bitcoin, and paying a large premium to do so https://decrypt.co/20618/the-case-for-bitcoin-in-lebanon g-cash-crunch/ The Bank Of Canada has a contingency plan for a digital currency – but why? cy-as-contingency SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions35:10February 27, 2020Bitcoiners revolt against Trace Mayer, Buffet dumps his BTC, Avanti bank to serve BTC industry EP023SHOW TOPICS: Trace Mayer shills privacy coins while dropping FUD on coinjoin r-as-bitcoin-og-turns-into-altcoin-shill/ Warren Buffet unsurprisingly dumped his Bitcoin https://bitcoinist.com/just-in-warren-buffett-gave-away-his-bitcoin/ Anthony Pompliano on CNN rebutting Warren https://twitter.com/jchatterleyCNN/status/1232368070544515072 Tim Draper exited stocks 6 months ago, is heavily in Bitcoin ocks-for-bitcoin-6-months-ago Caitlynn Long announces Avanti Bank – a new US Bank to serve the digital asset industry https://twitter.com/CaitlinLong_/status/1231959866513616898 Zebedee creates developer dashboard for games to incorporate Bitcoin r-dashboard-unity-sdk-4598c394cc23 LIGHTNITE website https://lightnite.io/ SIGN UP https://lightnite.io/ref=BTCsessions SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions24:18February 26, 2020Huge Bitcoin drop, OpenNode integrates Apple pay, Layer1 mining ramps up EP022SHOW TOPICS: Bitcoin drops $1000 in less than an hour sh-ever/ Bullish CNBC segment https://twitter.com/CNBCFastMoney/status/1230261266058534913 China pumps 5 TRILLION Yuan into economy debt-arrest-economic-crash Opennode allows merchants to accept dollars but stack sats Coldcard upgrade – do not update Mk1 https://twitter.com/COLDCARDwallet/status/1230519981441458176 Layer1 mining facility in Texas targets 30% hashrate within 2 years ning-facility-in-texas SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Looking for an audio-only version of the show? https://anchor.fm/btcsessions Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions21:58February 21, 2020Bitcoin golden cross, DeFi exploited again for $600k, FCoin Exchange Owes $125M EP021SHOW TOPICS: Bitcoin’s golden cross s-officially-arrived/ Trump Bitcoin stimulus package icy Michael Bloomberg wants clearer Bitcoin regulations roposes-clear-regulatory-framework-for-crypto Another smart cookie exploits Defi for $600,000 this time ed-twice-in-a-matter-of-days Exploit breakdown https://twitter.com/kermankohli/status/1229653115470667777 Fcoin shuts down, owes users $125 Million in Bitcoin l-owes-users-125-million SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Looking for an audio-only version of the show? https://anchor.fm/btcsessions Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions21:21February 18, 2020Bitcoin Regulatory FUD from Treasury Secretary, Bcash About To Fork, DeFi Seizing Funds EP020SHOW TOPICS: “Significant” crypto crackdown revealed by Steve Mnuchin -as-significant-us-crackdown-suddenly-revealed/#18c031cb1191 FinCEN doesn’t know anything https://twitter.com/CACryptoLawyer/status/1227702311272603648?s=19 Actual testimony from Steve Mnuchin in the senate https://www.youtube.com/watch?v=xEGYDD4itUg&feature=youtu.be Max Keiser predicts $400,000 Bitcoin uadruples-btc-price-forecast My prediction for Bitcoin, made back in early 2018 https://www.youtube.com/watch?v=CKQPtUs04-4 Bitcoin Cash set for contentious hard fork regarding developer tax being implemented https://cryptobriefing.com/bitcoin-cash-community-is-splitting-again/ DeFi taking funds from margin trader who capitalized on low liquidity fi US Household debt is now over $14 TRILLION, higher than before the 2008 recession the-solution/ Check out my new Bitcoin node tutorial! https://www.youtube.com/watch?v=GMovZg_3ERs SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Looking for an audio-only version of the show? https://anchor.fm/btcsessions Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions27:11February 17, 2020US Marshals REKT Selling Early, $11K in sight, 40 German Banks Eye BTC Custody EP019SHOW TOPICS: Strong rebound in the Bitcoin price means we could be looking at $11,000 and beyond trongly-with-11-000-in-sight Google searches for Bitcoin are up 33% this week alone ather-momentum/ US Marshalls have lost an estimated $1.7 BILLION dollars by selling their seized Bitcoin too early -too-early Tom Lee predicts Bitcoin will hit $40,000 before the Dow om-lee-doubles-down-on-btc 40 German Banks apply to custody Bitcoin for their customers ight-to-offer-bitcoin-custody William Shatner AKA Captain Kirk can see through Craig Wright’s lies aims-to-inventing-bitcoin SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Looking for an audio-only version of the show? https://anchor.fm/btcsessions Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions19:54February 12, 2020BTC $10k + CME Gap, Tron Enrages Everyone, BSV Splinters After Fork EP018SHOW TOPICS: What caused Bitcoin to hit $10,000? 3 Possible reasons -10k-over-the-weekend Sudden Drop to fill the CME gap r-10k-to-fill-futures-gap Etherians and Maximalists alike are getting trigged by this: https://twitter.com/sassal0x/status/1225997218429059073 Altsbit to shut down in May following major hack -down-in-may-2020 Bitcoin SV ‘downgrades’ and causes nodes to fork off ade/ Check out my new Coldcard tutorial! https://www.youtube.com/watch?v=52pjqUzGxDg SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Looking for an audio-only version of the show? https://anchor.fm/btcsessions Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions23:27February 10, 2020Environmental Impacts: Bitcoin vs Gold - With Hass McCook EP017Today’s guest Hass McCook discusses the environmental impacts of Bitcoin vs Gold.    Hass’s articles on Coindesk  https://www.coindesk.com/author/hass-mccook Hass’s Medium  oin-part-i-ac162067721d Hass on Twitter  https://twitter.com/FriarHass SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions48:25February 7, 2020$10K Nears - Tips for BTC Bull Market, Square Crypto LN Dev Kit, US Gov to Auction $37M BTC EP016SHOW TOPICS: Bitcoin hits new yearly highs 2 days in a row. $10K incoming? -in-a-row/ 5 Tips For The Bull Market e-upcoming-bull-market/ Related: Brian Kelly “diversified crypto portfolio” post mortem a954a6 Trezor tutorial https://www.youtube.com/watch?v=i3BIo5Ac_n4 Ledger tutorial https://www.youtube.com/watch?v=R0YWdw2AOCg Coldcard tutorial https://www.youtube.com/watch?v=kocEpndQcsg Square Crypto shares details on Lightning Development Kit -lightning-kit US Government is auctioning off $37 million of Bitcoin n SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Looking for an audio-only version of the show? https://anchor.fm/btcsessions Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions18:37February 7, 2020Lightning Labs Raises $10M, Bitpay Ditches Bip70, Central Banks Slow To Digitize EP015SHOW TOPICS: Lightning Labs secures $10M funding seed round and announces Loop 4a4d31167f https://lightning.engineering/loop/ Bitpay Dumps Bip70, basically admitting defeat. You should probably use BTCPay or OpenNode instead anyways. https://cryptobriefing.com/bitpay-art-underwhelming-upgrades/ “The Missing Crypto Queen” BBC podcast series documenting the OncCoin Ponzi scheme is being turned into a TV drama https://decrypt.co/18488/onecoin-scandal-to-become-tv-drama Former ECB Vice President says central bank digital currencies are still a decade out https://bitcoinist.com/central-bank-crypto-10-years-away/ SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Looking for an audio-only version of the show? https://anchor.fm/btcsessions Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions21:15February 6, 2020Bitcoin VS Altcoins: Exploring Monetary Policy EP014What is Bitcoin’s monetary policy? How many Bitcoins will ever be issued? How often are new ones created? Who gets them? More importantly, is this the same for altcoins? If not, how do they hold up against Bitcoin? In today’s show I explore these topics and give you a number of questions you should ask yourself any time you look at an altcoin and think it’s a “good deal”. SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Looking for an audio-only version of the show? https://anchor.fm/btcsessions Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions22:56February 5, 2020Bitcoin's Bullish January, Trezor Is Hackable, Lightning Innovation With Strike App EP013SHOW TOPICS Bitcoin Up 32% This Month https://bitcoinist.com/bitcoin-is-up-32-this-month/ 75% of all Bitcoin are in profit / Trezor Wallets Can Be Hacked eals Attacking Bitcoin for one day costs $21 Million or-a-day Jack Mallers announces incredible Strike app – true lightning innovation https://medium.com/@JimmyMow/announcing-strike-by-zap-4f578c7c8984 Vlad Costea examines Bitcoin’s leaderless advantage ow-it-came-to-be SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Looking for an audio-only version of the show? https://anchor.fm/btcsessions Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions20:31February 1, 2020Bitcoin Proof Of Reserves and Demanding Industry Accountability with Mauricio from Ledn EP013Today I sat down with Ledn’s Mauricio Di Bartolomeo to discuss the idea of proof of reserves, building financial products on Bitcoin, and the implications of some companies carrying over bad practices of traditional finance to a world with no lender of last resort. Ledn on Twitter: https://twitter.com/hodlwithledn Mauricio on Twitter: https://twitter.com/cryptonomista Mauricio’s proof of reserves article from Bitcoin Magazine: t-to-bitcoin Visit LEDN and learn about their services: https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Looking for an audio-only version of the show? https://anchor.fm/btcsessions Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions43:13January 31, 2020Exploring the Liquid Network with Blockstream's Samson Mow EP012Today’s guest is Samson Mow, CSO at Blockstream. We dive into Blockstream's Liquid Network, what it is, and who it's for. Samson on Twitter https://twitter.com/Excellion  Read more about Liquid Network https://blockstream.com/liquid/  Read more about Blockstream https://blockstream.com/ Check out my YouTube tutorial for Blockstream Green https://www.youtube.com/watch?v=uO3Zi9D5b0Y SUPPORT THE SHOW! Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions45:32January 24, 2020Bitcoin Privacy War, Microsoft likes layered scaling, BTCpay Vault EP011SHOW TOPICS: Microsoft says on-chain scaling degrades decentralization, prefers layered scaling approach egrades-decentralization/ Lightning Network Trust Chain part 2 is on the move! https://twitter.com/hashtag/LNTrustChain2?src=hashtag_click Opendime – physical bitcoin https://opendime.com/ Bitcoin privacy war – will it be worse than the scaling war? -scaling-war/ Wasabi wallet https://wasabiwallet.io/ Samourai Whirlpool https://samouraiwallet.com/whirlpool Joinmarket https://github.com/JoinMarket-Org Liquid Network https://blockstream.com/liquid/ Lightning wallets list https://lightningnetworkstores.com/wallets BTCpay Server introduces “BTCpay Vault” https://blog.btcpayserver.org/btcpay-vault/ SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions18:49January 21, 2020Bad Bitcoin Takes Abound: Private Keys and Block Size EP010SHOW TOPICS: What the hell is going on? Peter Schiff irresponsibly loses his private keys, blames Bitcoin https://twitter.com/PeterSchiff/status/1218911797626847234 Binance CEO suggests keeping funds on exchanges re-safer-than-keeping-ones-keys Trace Mayer endorses Bobby Lee’s Ballet Crypto wallet https://twitter.com/TraceMayer/status/1219003646685278208 A look at Bitcoin Block Size t John Carvalho on What Bitcoin Did discussing Defending Bitcoin valho Post-mortem of Segwit2X k-consensus Bitcoin Core contributors list https://bitcoin.org/en/development#dev-communities Breez Lightning Wallet tutorial https://www.youtube.com/watch?v=t_4b-y4T8bY SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions35:25January 21, 2020CAD Crypto Exchanges Dealt Tough Regulations, Stock to Flow vs Efficient Market EP009SHOW TOPICS: Canadian Securities regulators hit exchanges hard for-cryptocurrency-exchanges Summary by Matt Burgoyne https://twitter.com/BurgoyneMatt/status/1217866056519143430 Plan B Stock To Flow Model vs Efficient Market Hypothesis coin-stock-to-flow-model-db17f40e6107 Live Stock to Flow model https://digitalik.net/btc/ Bitcoin up 25% this year already er-hitting-9-000 Bitcoin hashrate https://coin.dance/blocks/hashrate/linear SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions26:31January 18, 2020BTCPay Adds Liquid, CSW v Hodlonaut Dismissed, Bitfinex $1 Billion BTC Tx EP008SHOW TOPICS: BTCPay Server integrates Liquid network cpay-server/ Overview of Liquid support for Green Wallet reen/ Hodlonaut Defamation case vs Craig Wright dismissed in the UK https://bitcoinist.com/hodlonaut-v-craig-wright-case-moves-to-norway/ Bitfinex moves $1Billion in Bitcoin for 48 cents -1b-in-bitcoin-for-48-cents New Breez Lightning Wallet tutorial: https://www.youtube.com/watch?v=t_4b-y4T8bY&feature=youtu.be SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions10:16January 16, 2020The Road To $10K Bitcoin, Avoiding The Altcoin Circus EP007***Apologies for audio quality - had microphone issues today SHOW TOPICS: Bitcoin hits 2 month high as-3-bullish-factors-converge Key resistance levels between here and $10,000 as-3-bullish-factors-converge BitcoinSV is pumping and Craig Wright’s trial is a circus an-unexpected-turn Coinmarket Cap historical snapshots from previous bull markets 2013 https://coinmarketcap.com/historical/20131201/ 2017 https://coinmarketcap.com/historical/20171217/ My article on the Crypto Diversification Trap a954a6 LEDN Bitcoin loans get $50 free: https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Check out NordVPN for 81% off: https://nordvpn.org/btcsessions Rise Wallet – easy onboarding for Canadians https://www.risewallet.com/ Wasabi Wallet – use coinjoin to maintain privacy https://wasabiwallet.io/ LIGHTNING tips: https://tippin.me/@BTCsessions25:58January 14, 2020Musk on Bitcoin Twitter, Russian Cloud Mining, Chinese Crypto Scams EP006SHOW TOPICS: 11 years ago today Hal Finney tweeted “Running Bitcoin” https://twitter.com/halfin/status/1110302988?s=20 https://nakamotoinstitute.org/finney/ Russia has nearly double the interest in cloud mining as China ng-industry Scammers gonna scam – Craig Wright drops 400+ dossiers in Kleinman case to buy himself more time https://twitter.com/ModernConsensus/status/1215445144134209537 The average 2019 crypto scam victim in China experienced a lost of $20,000 apita-in-scams-last-year Elon Musk tweeting about Bitcoin again https://twitter.com/elonmusk/status/1215526980449255424 SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions13:46January 10, 2020Bitcoin + Gold Correlation, Futures Volumes Explode, The Quantum Threat EP005SHOW TOPICS: Is Bitcoin becoming more correlated with gold? -the-two-assets Bitcoin futures volumes explode across the board ng/ IBM doubles its quantum computing capability at CES – is this a threat to Bitcoin? tays-safe tcoin-in-2020 SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions16:31January 10, 2020Bitcoin Pump, Kraken Compliance Squeeze, Tether Liquid Migration EP004SHOW TOPICS: Bitcoin chart turns green again. Are we out of the woods? h-hinting-at-new-bull-market Check out Murad’s “Ultimate Bitcoin Argument” itcoin-argument/ Kraken law enforcement requests hit an all time high in 2019 all-time-high-up-49-in-2019 Andreas Antonopoulos to testify at Craig Wright’s trial billion-bitcoin-lawsuit Jameson Lopp takes down Wright Timeline of Craig Wright’s fraud https://seekingsatoshi.weebly.com/mylegacykit.html Tether exodus from Ethereum to Liquid https://tftc.io/martys-bent/issue-646/ SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions19:27January 7, 2020Nakamoto is not ProBTC, John McAfee Abandons Bitcoin, Segwit Hits 66% EP003SHOW TOPICS: Nakamoto “Technical Journal” has a disastrous launch -complete-disaster @CitizenBitcoin gives reasons for pushback https://twitter.com/CitizenBitcoin/status/1213870001775620097 @BitcoinMemeHub aggregates #ProBTC tweets https://twitter.com/BitcoinMemeHub/status/1213817467728015360 Insight on Coinbase’s shady past & the #DeleteCoinbase movement https://www.youtube.com/watch?v=0l1KwAZKGts John McAfee renegs on $1,000,000 BTC bet, calls Bitcoin “ancient technology” https://bitcoinist.com/has-mcafee-drops-bitcoin/ Segwith adoptions hits 66% network adoption -after-bitmex-embraces-upgrade SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions26:27January 6, 2020Bitcoin's Birthday, Proof Of Keys, Iran Tensions EP002SHOW TOPICS: Bitcoin turns 11 years old https://decrypt.co/15841/bitcoins-had-a-sensational-11-years Proof of Keys is TODAY. Get your coins off exchanges! https://www.proofofkeys.com/ Did tensions between Iran and the US boost the Bitcoin price? ed/ Previous correlations between global unrest & bitcoin price: https://money.cnn.com/2013/03/28/investing/bitcoin-cyprus/index.html https://money.cnn.com/2015/06/29/technology/greece-bitcoin/index.html sult-sends-uk-pound-tumbling-to-30-year-low/ https://fortune.com/2016/12/07/donald-trump-bitcoin/ European Central Bank plots how to discourage saving with their central bank digital currency ve-rates-for-digital-currency SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Looking for an audio-only version of the show? https://anchor.fm/btcsessions Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions20:15January 3, 2020Bitcoiner Resolutions, Hashrate All Time High EP001SHOW TOPICS: Top 7 Bitcoin New Years Resolutions https://bitcoinist.com/7-new-years-resolutions-for-bitcoin-hodlers/ My tweets & links on running a Bitcoin node https://twitter.com/BTCsessions/status/1212133601950797824 Bitcoin starts 2020 with a new hashrate all time high -ever-as-hash-rate-hits-record -2017-ath/ Malicious Ledger browser extension found for Chrome. Beware! o-malicious-browser-extension SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions29:53January 2, 2020

Posted by Mireille Kooh on December 26, 2018 11:07 am / 4 Comments window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date());

gtag('config', 'UA-131510706-1'); THIS WEEK ON ADMP: Another week and yet another ‘Wonder Lady of the Blockchain’ with tech-swag and fighting spirit aplenty, entering the #Blockchain space’ by the ‘right door → Offering a tool to free banking transactions from central banks control, and ultimately ‘Banking the Unbanked’ as some would have it.Satoshists are a new breed of 21st century ‘ethical capitalists’; Under the following proviso: The internet should globally be ‘free’ and available to all human beings, regardless of race, creed, income or location! Electronic counter-punch by  Hermann Djoumessi, MA  – #HMDThe internet should globally be ‘free’ and available to all human beings, regardless of race, creed, income or location! #CKC: I am Cathrine (Kim) Chivhima the President & CEO of  ZipCoin LLC – ICO & Exchange;  and ZipCoin Remit LTD– our  remittance blockchain technology startup.(Courtesy of #Zipcoin→ The Calgary’s Nigerian community in Canada, gets introduced to #ZipCoiN)ZipCoin is a blockchain based decentralized remittance and payment solution which will enhance businesses and individuals in the $104B-worth remit industryI have been involved in 2 other tech projects prior to ZIPCOIN providing leadership, strategy, guidance and community engagement for mass adoption of blockchain technology. Besides, I also own  Morgate Consulting Solutions Inc. (“MCS”), premiere boutique in Calgary, Alberta that provide business and consulting services in large Oil and Gas, private and public companies across North America in areas of strategic planning, business analysis, process improvement, organizational change management, project and product management areas. I also hold a Bachelor of Computer Science, and a Master of Business Administration (MBA).As an entrepreneur, I do have the ‘squirrel syndrome’, always on the lookout for new dataset, new communities, new product to connect with..” (#CKC) #ADMP2: I have to be ‘honest’ with you and let you know that we’ve had a lot of complaints within our #ADMP Facebook group, regarding the last two of our previous post. Haters, Trolls and overall ‘critics’ throughout the internets, have been throwing shades at your project!! Followers, fans and ADMPers alike, were wary of ‘new cryptos’ (Cryptocurrencies) flooding once again, the market, with ‘cheap’ or ‘non-existent’ technology: They want to make sure that you are actually developing ‘genuine’ tech and not another dodgy ‘Shitcoin’ (Pardon my ‘French’) as we’ve had so many, within the ‘Crypto-space’ – The floor is now yours: How will #EOS work, then?? #CKC: EOS (like many other smart contract blockchains) is often referred to as the “Ethereum Killer”. What this means is that it can do everything that Ethereum can, bt so much better! So, I thought it would be a good idea to compare the two… Firstly, as we have already established, both Ethereum and EOS are capable of hosting dApps, which are supported by smart contracts. However, the key difference is the amount that each network can process at any given time.This is called “Scalability” which is one of the most important things to consider when analyzing the potential of a blockchain.ZIPCOIN use EOS Proof-of-Stake and Delegated-Proof-of-Stake, which is super scalable. Basically, this creates a more efficient system, allowing cheap, fast and environmentally-friendly transactions. In fact, each transaction only takes 3 seconds to process!The company behind the EOS software is called Block.One, who are also involved in lots of different blockchain and business projects.Here is the entire #Zipcoin whitepaper, for the ‘sceptics’ and ‘fans’ alike: #ADMP3: Yeah, the ‘internet is still undefeated!’ –> The greatest digital highway of thought and action, the internet, still has to face defeat and its own ‘kryptonite’.  Meanwhile, another layer of it, is being built: One layer ‘On top of the HTTP internet‘ that would simply allow better interactions with the ‘internet-of-values‘. Values that would hopefully one day, start with protecting our natural environment. In order to verify transactions between peers  and establish ‘trustless consensus’ between the different component of their network.  Unfortunately, this process would lead, after calculation to 1 ‘Danemark’ worth of energy-supplies, required  for the Bitcoin or Ethereum networks  to fully verify all transactions through that process by 2020 !!  1 DANEMARK ?: Is the entire energy needs or power supplies, in the Kingdom of Danemark, for a year.  Satoshists will also claim that no-one ever calculated the entire energy needs of the current banking system which processes 90% of its transaction via computers globally and requires high energy to light buildings,  guard and electrify physical vaults, and handle hard cash money transfers;Add to that, the crippling deforestation to create the notes, and the several stock-market crashes from 1929 to 2008, etc, etc…with real consequences and nuisances on the environnement, employment, etc, etc…that was NEVER CALCULATED !! :((#ADMP understood the problem; It is a problem faced by many successful startups up and down the #AfroTecH : It is called ‘SCALABILITY !…..STUPID’ !! SCALABILITY !! ==> ALL tech startups (Like Bitcoin, or Ethereum,…) victims of their own success face the same problem, once they achieve their goals ahead of time:You have to ditch the ‘old system and make way for a new one, more robust and ready to handle the new workload in big numbers, from Day 1.  Your system will have to demonstrate the ability to handle growing number of customers over time, or will have to be replaced !! Nevertheless, it was a situation hard to sustain in the long run.  With ‘Delegated proof of stake consensus’, the ‘proof of work’ becomes a less energy-consuming, ‘proof of stake’ : With EOS, to verifiy transactions between peers, ‘proof of stake consensus’ is the choice of  the EOS network, instead of ‘energy-consuming‘, ‘Proof-of-work’ for the Bitcoin or current Ethereum networks.  –> Practically, it means that, whoever owns a EOS key, can now become a validator :           #ADMP4 Visionaries are not always understood by their fellow contemporaries, how do you cope with critics? #CKC: It is a challenge but I understand that Visionary’s passion is our “squirrel syndrome“; always wait for the next squirrel (Dataset) to come along. I do everything passionately. If something is worth my attention, it’s worth my entire time: “ So, every new initiative, every new idea, new method, new employee are always the best ever.” (#CKC) #CKC: I also possess the ability to discover how to enhance each other’s synergy and achieve optimal performance is critical for me to cope with critics. Plus I tend to use artwork to understand my inner self! The Internet is still undefated = The greatest highway of thought and action, still has to face its ‘kryptonite‘. (#ADMP)#ADMP5: From ‘Rag to riches’ to ‘entrepreneurs’ could be the title of your own biopic, right? But how would you like to be remembered the most?  #CKC: ZIPCOIN’s vision is simply build around our passion, strength, desire and will power of blockchain solutions and technology and how it could change the world in remittance space for the African and other emerging markets. Remittance money is critical in every poor men’s or women’s chamber, without this money other people can’t survive or meet the basic needs in life. ZIPCOIN is set to change that by unlocking each community, village, town, city and country by zipping and closing gaps in blockchain technology and financial inclusion using E-OS blockchain technology.#ADMP6 (Annoying) CHATBOT QUESTION : Simply give us your TOP5 Beloved actors? #ADMP7: Eclectic choice indeed! Can you give us some evidence, of how your project already impacted peoples?   #CKC: No need to, because I have the video to prove it!! :)) #CKC: Not yet, but please do watch the video below!! #ADMP8: Final words to ADMPers, Afro-preneurs and indeed any entrepreneurs ??#CKC: Follow your heart and create a business that empowers customers, employees and community in equal measure. Don’t wait for success to come knocking at your door; but fetch for it and be the change and a passionate entrepreneur. Never be afraid of failing; because some of the greatest successes resulted from the worst failures.In the interest of transparency, we are publishing below, the entire #Zipcoin whitepaper!   Electronic counter-punch by  Hermann Djoumessi, MA  – —————————————————If you like what we do and want to support ADMP and the crypto ecosystem we are trying to build with many startups, then support our effort by tipping us ————————————————————Reddit: https://www.reddit.com/user/ZipCoinexchange#ADMP on Telegram: https://tchannels.me/c/admpawards#ADMP on Reddit : https://www.reddit.com/user/admpawards baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"