What is Blockchain and Why Should You Care? The Bad Crypto Podcast 003

What is Blockchain and Why Should You Care? The Bad Crypto Podcast 003

Blockchain? What is this blockchain technology all about? Does it matter?

Why should you care about blockchain? In this episode of The Bad Crypto Podcast, Joel and Travis talk about Joel’s stolen identity and how blockchain could solve that problem. We discuss the ICO of Civic, which deals in private identity via blockchain.  Joel and I also review our first week with the show, and thank our incredible subscribers that are already 3000+ strong. In. One. Week. Thank you sooo much, everyone!

We also dive into the basics of the blockchain.  As a primer, we talk about the IBM Blockchain infographic, and a great whitepaper on Blockchain technology from Deloitte.

According to Investopedia:

“A blockchain is a public ledger of all Bitcoin transactions that have ever been executed. It is constantly growing as ‘completed’ blocks are added to it with a new set of recordings.

The blocks are added to the blockchain in a linear, chronological order. Each node (computer connected to the Bitcoin network using a client that performs the task of validating and relaying transactions) gets a copy of the blockchain, which gets downloaded automatically upon joining the Bitcoin network.

The blockchain has complete information about the addresses and their balances right from the genesis block to the most recently completed block.”

Graphic from “What is Blockchain?”, by Recro

RESOURCES DISCUSSED IN THIS EPISODE:

 

Blockchain Illustration from #FutureFest

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DONATE CRYPTO TO THE SHOW:

If you’d like to donate a bit of cryptocurrency to The Bad Crypto Podcast, feel free to send copious amounts to the following locations:

  • Bitcoin: 3GMgCH4dFUHSLdrPnLwEsfKPVnLnoGbzGZ
  • Ethereum: 0x1ccE8A04fa6743eD1D24cA063c7543D43B42F328
  • Litecoin: LavXqTWVHebEgVhBXdg3Hue3xEAmgtxLgr

GET STARTED WITH CRYPTO WITH $10 BITCOIN FREE:

We have an affiliate code with Coinbase.  If you decide to buy some crypto on Coinbase, you get $10 of free BTC, when you spend at least $100 in crypto.  The Bad Crypto Podcast also gets $10 BTC, as well.  Win-Win.

Coinbase is one of the most popular and well-known brokers and trading platforms in the world. Their platform makes it easy to securely buy, use, store and trade digital currency.

Users can purchase bitcoins, Ether and now Litecoin from Coinbase through a digital wallet available on Android & iPhone or through trading with other users on the company’s Global Digital Asset Exchange (GDAX) subsidiary.  GDAX currently operates in the US, Europe, UK, Canada, Australia and Singapore.  Check out the Coinbase FAQ and GDAX FAQ

  • Pros: Good reputation, security, reasonable fees, beginner friendly, stored currency is covered by Coinbase insurance.
  • Cons: Customer support, limited payment methods, limited countries supported, non-uniform rollout of services worldwide, GDAX suitable for technical traders only.

Here is a list of all of the top crypto-currency exchanges.  Choose one that you like.

DISCLAIMER:

Do your own due diligence and research.  Neither Joel Comm nor Travis Wright are NOT FINANCIAL ADVISORS.

We are sharing our journey with you as we learn more about this crazy little thing called cryptocurrency.  We make NO RECOMMENDATIONS.  Don’t take anything we say as gospel. Do not come to our homes with pitchforks because you lost money by listening to us.

We only share with you what we are learning and what we are investing it. We will never “pump or dump” any cryptocurrencies. Take what we say with a grain of salt.  You must research this stuff on your own! Just know that we will always strive for RADICAL TRANSPARENCY with any show associations.

Top 10 Most Valuable Blockchain Companies – Bad News For 12/5/19

Top 10 Most Valuable Blockchain Companies – Bad News For 12/5/19

Can you get arrested for teaching blockchain and cryptocurrency? Ask Virgil Griffith. Turns out if you are in the wrong place at the wrong time, bad things can happen.

Georgia Governor Brian Kemp has appointed Kelly Loeffler, CEO of institutional Bitcoin (BTC) futures platform Bakkt, to a United States Senate seat.

And the great firewall of China has blocked access to Etherscan, a popular Ethereum block explorer.

The world’s first modular blockchain-powered smartphone, BOB, has been introduced.

The British Virgin Islands look to be creating their own cryptocurrency.

And could you name the top 10 most valuable blockchain companies? Guess what. We can. But that’s because we saw the article.

Did you dream of floating on a cloud only to wake up and find yourself swimming in a pool of jello? You’ll know what that feels like after today’s Bad News episode #342 of The Bad Crypto Podcast.

Ways to connect with Bad Crypto

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NEWS!!!

Bitcoin News:

Bear Trap? Bitcoin Slips to One-Week Low Amid Low Volumes
https://www.coindesk.com/bear-trap-bitcoin-slips-to-one-week-low-amid-low-volumes

 

Current Events:
Georgia Governor Brian Kemp has appointed Kelly Loeffler, CEO of institutional Bitcoin (BTC) futures platform Bakkt, to a United States Senate seat.
https://cointelegraph.com/news/bakkt-ceo-kelly-loeffler-appointed-to-us-senate-seat

 

Around the World:
Top 10 Most Valuable Blockchain Companies
https://cryptobriefing.com/crypto-unicorns-top-10-valuable-blockchain-companies/

 

U.S. Authorities Arrest Virgil Griffith For Teaching Cryptocurrency And Blockchain
https://www.forbes.com/sites/jasonbrett/2019/11/29/us-authorities-arrest-virgil-griffith-for-teaching-cryptocurrency-and-blockchain/#4effe68142cb

 

Ex-CFTC Chair Giancarlo to Push for Digital Dollar in New Role
https://www.coindesk.com/ex-cftc-chair-giancarlo-to-push-for-digital-dollar-in-new-role-at-white-shoe-law-firm

 

China’s Internet Firewall Has Blocked Access to Ethereum Block Explorer Etherscan.io
https://www.coindesk.com/chinas-internet-firewall-has-blocked-access-to-ethereum-block-explorer-etherscan-io

 

British Virgin Islands, Home to Crypto Expats, to Issue Own Coin
https://www.bloomberg.com/news/articles/2019-12-03/british-virgin-islands-home-to-crypto-expats-to-issue-own-coin

 

CoinGenius Insights 12/4/2019

A transaction for nearly 56,000 BTC ($400mln) appeared on the Bitcoin blockchain ledger today, December 4th at 11:27am est. The transaction fee on the BTC exchange totaled $0.85

By way of comparison, a full-freight single family real estate transaction of that size would have commissions of $24mln, while buying $400mln in S&P futures would cost $5000 and even a wire transfer typically costs $30

Earlier in the day, BTC spiked from $7200 to over $7900 over a 4-minute window. By the end of the day BTC had settled back towards the $7200 area.

 

Blockchain/Tech/Development: 

Meet BOB, world’s first modular blockchain-powered smartphone
https://www.techradar.com/in/news/meet-bob-worlds-first-modular-blockchain-powered-smartphone

 

SoftBank Releases Debit Cards With Built-In Blockchain Wallet

https://cointelegraph.com/news/softbank-releases-debit-cards-with-built-in-blockchain-wallet

 

Network tech giant Cisco has won a patent detailing how it could leverage blockchain to secure the data in 5G telecommunication networks.
https://www.coindesk.com/cisco-patent-would-secure-5g-networks-with-a-blockchain

 

Funny/Human Interest Stories: 

Video Game Giant Ubisoft Partners with Blockchain Company Ultra
https://beincrypto.com/video-game-giant-ubisoft-partners-with-blockchain-company-ultra

 

Games/NFT News:

Introducing Azure Heroes — A new and fun way to earn digital collectibles for meaningful impact in the technical community.
https://www.microsoft.com/en-ie/azureheroes

Microsoft to Turn 1980s Gamebook Series into a Blockchain Game
https://cointelegraph.com/news/microsoft-to-turn-1980s-gamebook-series-into-blockchain-card-game



Disclaimer


Bad Crypto Blockchain & Bitcoin Basics Playlist Extravaganza!

Bad Crypto Blockchain & Bitcoin Basics Playlist Extravaganza!

So you want to learn about cryptocurrency, bitcoin, and blockchain, do you? Well, you have come to the right place. Let’s get you started with ten of our foundational podcast episodes that go over the basics of the blockchain, bitcoin, bitcoin mining, wallets, exchanges, etc.

The first episode you should listen to is episode 210. We created this episode as an entry point for all beginners. You can share this episode with your family and get their interest piqued.

#1.  Intro to Blockchain, Bitcoin and Cryptocurrency – Episode 210

Everyone knows people who really don’t know what you are talking about when you say words like Bitcoin and blockchain. They look at you funny and that’s okay, because crypto is for all people. And this episode is designed for you as a back-to-basics crash course in blockchain, bitcoin and cryptocurrency. Kind of like a crypto-for-dummies masterclass. Only we’re the dummies and crypto is our master.

What in the world are you listening to? Stay tuned and we promise it will be worth your while. After all, the future of mankind depends on it. This is episode #210 of The Bad Crypto Podcast.

The next episode on a basics playlist, is the episode that began it all back in July 2017.

#2. Travis and Joel’s Excellent Crypto Adventure – Episode 001

In the inaugural episode of the The Bad Crypto Podcast, Futurist Joel Comm and Marketing Technologist Travis Wright discuss why they decided to create a show around cryptocurrency.

They believe cryptocurrency is about hit the masses and that most podcasts and shows around the topic is for experts and the technically savvy. This podcast is for those who are just learning about crypto and want to ramp up their knowledge base with Joel and Travis.

Are blockchain, cryptocurrency, and digital payments foreign terms to you? Well, Joel and Travis dissect those as we begin the journey in crytpocurrency, blockchain, bitcoin, litecoin, ethereum, alt-coins, token generation events, ICOs and other words that Joel and Travis didn’t really understand a couple of months ago.

We aren’t experts, nor are we financial advisors. So, take what we say with a grain of salt because this podcast about crypto, episode 001, is bad.

Now that we have a basic beginner’s knowledge, let’s go more in depth.

#3. What is Bitcoin? Explained in Simple English – Episode 002

What the heck is bitcoin? How do you get it? Where did it come from? Who is Satoshi Nakamoto? Why is it better than fiat money? How many are there?

We do a deeper dive into just what the heck is this mysterious thing called Bitcoin? Why am I hearing so much about it and how does one “mine” virtual currency? You’ll learn all this and more in episode 002 of The Bad Crypto Podcast.

Now that we have an understanding of Bitcoin, what exactly is this Blockchain stuff?

#4. Blockchain: What is this Technology All About? – Episode 003

“A blockchain is a public ledger of all Bitcoin transactions that have ever been executed. It is constantly growing as ‘completed’ blocks are added to it with a new set of recordings.

The blocks are added to the blockchain in a linear, chronological order. Each node (computer connected to the Bitcoin network using a client that performs the task of validating and relaying transactions) gets a copy of the blockchain, which gets downloaded automatically upon joining the Bitcoin network.

The blockchain has complete information about the addresses and their balances right from the genesis block to the most recently completed block.”

The show notes from episode 003 are very helpful for understanding blockchain.

Now let’s learn about Bitcoin Mining!

#5. Bitcoin Mining. What the Fork?! – Episode 004

What is bitcoin mining? How does one mine for bitcoin? Is it like a gold mine? Do I need a miner’s hat? Is the bitcoin gold rush over? What kind of equipment is needed to do bitcoin mining?

We don’t know. But we kinda know. So this episode, we dive into mining for cryptocurrency, as well as discuss the upcoming split of bitcoin into two separate ledgers. One will be Bitcoin legacy. One will be Bitcoin Cash. What does it all mean? Nobody really knows. Especially us. See more on episode 004.

Ok, now we have some bitcoin… how do we sell it? Crypto Exchanges!

#6. How to Use Cryptocurrency Exchanges – Episode 006

Joel and Travis discuss sending coins through currency exchanges, we briefly discuss crypto wallets. If you want to get started quickly, http://badco.in/coinbase is probably your best place to begin if you want to buy/sell/trade crypto. We also discuss the bullrun of 2017 in Episode 006.

Next up, we need to learn how to store our crypto safely in wallets.

#7. What’s in your Crypto Wallet? – Episode 007

To be fully secure in the bitcoin world, you must understand cryptocurrency wallets! In this episode, Joel and Travis break down the five different types of crypto wallets.

They also break down the original Bitcoin whitepaper from Satoshi Nakamoto, and it makes everyone’s eyes glaze over, as Travis reads the money-ifesto. But you need to know these things!

We also discuss the current bull run of Bitcoin as it knocks on the door of $3500 dollars, we chat about NEO/Antshares and Ethereum a bit, as well as the launch of our own crytpocurrency, Badcoin.

All of this and more in episode 007, of The Bad Crypto Podcast.

Now that we are experts in bitcoin and blockchain… let’s learn about Ethereum.

#8. What are Ethereum and Smart Contracts? – Episode 009

What is Ethereum? How is it different from Bitcoin? What are smart contracts and Dapps? What does it all mean? Sooo confused right now, you guys!

Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. –Wikipedia

In short, Ethereum wants to be a ‘World Computer’ that would decentralize – and some would argue, democratize – the existing client-server model. With Ethereum, servers and clouds are replaced by thousands of so-called “nodes” run by volunteers from across the globe (thus forming a “world computer”).

You can build decentralized apps [Dapps] and smart contracts on top of this layer of the blockchain. We will talk more about this in future episodes as Joel and Travis begin to understand it more. HAHA. from Episode 009.

Now that we have all of this crypto, how do we store it and keep it secure?

#9. Tracking and Securing your Crypto – Episode 012

In episode 012, we share how to track the value of your coins as well as how you can safely store your coin in a paper wallet. You need to keep your crypto safe, and this episode helps guide you.

And finally, let’s learn about altcoins.

#10. Altcoins and the Problems they Solve – Episode 013

The Altcoin is not a political movement, how much does the public know about cryptocurrency? This will teach you about a few of the many projects being built on blockchain!  Discover all about altcoins in episode 013.

ADDITIONAL RESOURCES

Conclusion

You did it! You listened to these first 10 episodes about the basics of the blockchain, bitcoin, and cryptocurrency. Now that you have this foundation, you can listen to any of our other episodes and be versed enough to understand what we are talking about.

Thanks for tuning in! And Stay Bad!

The International Association for Trusted Blockchain Applications with Marc Taverner

The International Association for Trusted Blockchain Applications with Marc Taverner

The International Association for Trusted Blockchain Applications with Marc Taverner

How do you develop transparent and inclusive governance and cooperation models for blockchain applications and promote regulatory convergence that drives potential impacts for society and the economy from these technologies?

I’m glad you asked! In episode 463, we welcome Marc Taverner of INATBA to the show to tell us how his organization is making it happen. The International Association for Trusted Blockchain Applications is all about facilitating trusted blockchain solutions.

We are IBADBA, the International Bad Boys of America. It’s not the same thing. At all. In any way. Whatsoever.

Join us for some acronym fun on this is episode #463 of The Bad Crypto Podcast

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FEATURED GUEST:

Marc TavernerMarc Taverner

Marc Taverner is the executive director of the International Association for Trusted Blockchain Applications (inatba.org), a Brussels nonprofit organization supporting the growth of DLT & blockchain technologies. INATBA does this by engaging public and private audiences to address and reduce frictions that inhibit market growth. As executive director, Marc works with INATBA’s members to host bilateral conversations between governments (including the European Commission) and companies to inform policies and regulations and advance the international adoption of blockchain. Most recently, he led INATBA to partner with the European Commission and the University College London to create a pandemic blockchain task force to convene key players in the blockchain ecosystem to activate resources and deploy tech solutions for the governmental, social, and commercial challenges caused by COVID-19.

Marc has been active in the global blockchain ecosystem for more than six years, working across 20 countries, engaging with organisations from core cryptocurrency companies to governments and financial institutions, to large corporates and industry associations. Prior to joining INATBA, he was the Global Ambassador and head of Business Development for the Bitfury Group, one of Europe’s largest blockchain unicorns. To INATBA he brings a unique set of experiences gained from a career in start-ups and industry-leading companies. The founder of a successful modem distribution company, Nuvo, Marc has held leadership roles with many top technology companies, including Genesys Conferencing, the world’s largest provider of unified communications services, and Promethean, a market leader in educational technology solutions.

More about INATBA 

INATBA – the International Association of Trusted Blockchain Applications – Launched by the European Commission during its 2018 European Blockchain Roundtable, INATBA is the leading convener in the global blockchain ecosystem, offering developers, companies, and users of blockchain/distributed ledger technology a forum to interact with regulators and policymakers and bring blockchain technology to its next stage. INATBA currently has 167+ active nonprofit and enterprise members and is advised by more than 40 academic institutions and 23 governmental organizations and agencies from 15 countries across Europe, North America, Africa, and Asia. INATBA often issues research and commentary on blockchain regulation and policy from its 14 workgroups spanning finance, governance, education, healthcare, identity, climate action, and more.  

The mission of INATBA is to develop transparent and inclusive governance and cooperation models for blockchain applications, to inform policy and regulatory measures that may contribute to harnessing the many opportunities of blockchain through a close dialogue with policy-makers and regulators, and promote regulatory convergence that drives potential impacts for society and the economy from these technologies.



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Joel & Travis Interview IBM’s Blockchain Goddess

Joel & Travis Interview IBM’s Blockchain Goddess

 

Bad Crypto Podcast Episode 122

This was a fun episode of the Bad Crypto Podcast. Travis and Joel were just back from the Collision Conference in New Orleans. While they were there, they happened across the IBM booth, and a sign that said, “Ask Us About IBM Blockchain.” So of course they did. As a result, they met Arshiya Lal from IBM’s blockchain team. Arshiya is an Offering Manager (title given by IBM) and Blockchain Goddess (title given by Joel), and she agreed to be on the podcast. So now we can ALL find out about IBM’s blockchain!

 

Blockchain and Supply Chain

Arshiya talks about how the blockchain is used with supply chain management. Particularly for a big retailer like Walmart or Kroger, products travel a long way, over many stages, to get to the shelf. So if, for example, a bag of bad spinach shows up, it’s important to be able to know exactly where it came from and why it’s bad, so you can be sure not to get any more. Fortunately, both Walmart AND Kroger are part of IBM’s blockchain, which makes it easy to trace the path of the spinach from beginning to end and find out what went wrong and optimize the supply chain going forward.

Later in the podcast, Arshiya elaborated on that a bit. Typically in a supply chain, every link in the chain keeps their own ledger for inventory, quality control, etc. While different links may share their ledgers with the rest of the chain, when you’re working with that many different versions of what’s going on, the likelihood that some information will get lost or corrupted is fairly high. The blockchain, however, allows everyone in the chain to work from a single ledger. That way, you can be sure that all the information is the same.

(more…)