All Things XRP with Ripple CTO, David Schwartz

All Things XRP with Ripple CTO, David Schwartz

All Things XRP with Ripple CTO, David Schwartz

Perhaps one of the most maligned and misunderstood cryptos in the top ten is XRP. True believers stand by it and haters continue hating. We are XRP agnostic and are fascinated by all the cryptos. It’s been several years since CEO Brad Garlinghouse joined us on this very show. In episode 538, we are pleased to speak with David Schwartz, the Chief Technology Officer of Ripple, to go deeper down the rabbit hole. Love it or hate it, we’re here to talk all things Ripple and XRP on this “May the Schwartz be with you” episode #538 of the Bad Crypto Podcast. 

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FEATURED GUEST

David Schwartz, CTO, Ripple

David Schwartz is Chief Technology Officer at Ripple. David is one of the original architects of the XRP Ledger. Prior to joining Ripple, David Schwartz was Chief Technical Officer for WebMaster Incorporated, a Santa Clara software developer. He developed encrypted cloud storage and enterprise messaging systems for organizations like CNN and the National Security Agency (NSA). Known as “JoelKatz,” he is a respected voice in the digital currency community.

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Top Ten Crypto Countdown (Part 2)

Top Ten Crypto Countdown (Part 2)

Welcome back to The Bad Crypto Podcast. We’re here for part two of The Top Ten Crypto Countdown, featuring the biggest cryptocurrencies in the world. The official CoinMarketCap.com site says these are the coins and tokens with the largest market capitalization and that crypto-enthusiasts are investing in. In episode #129, we counted down coins #10 through #6. And today we’ll continue the countdown with numbers 5 through 1. The countdown begins right now.

It’s episode #132 of The Bad Crypto Podcast

Ways to connect with Bad Crypto

 

TOP TEN CRYPTO COUNTDOWN – PART 2

5. EOS
The so called ‘Ethereum-Killer’ or “Ethereum on Steroids”

Market Cap: $12 Billion

Consensus Mechanism: DPOS+BFT (Delegated Proof-of-Stake + Byzantine Fault Tolerance)

Why are people so high on a platform that hasn’t even launched yet?

Free transactions
Fast – Somewhere between 1000 and 5000 TPS
An improved consensus protocol over regular PoS

4. Bitcoin Cash (BCH)
The controversial Bitcoin Fork created by Roger Ver and the ‘big blockers’ in mid-2017.

Market Cap: $21 Billion

Consensus Mechanism: Proof of Work

3. Ripple – XRP
Built for enterprise use, XRP offers banks and payment providers a reliable, on-demand option to source liquidity for cross-border payments. Fast and cheap, but it’s still a pretty centralized system, which relies heavily on trusted third parties.

Market Cap: $27 Billion

Consensus Mechanism: Proof of Correctness – https://ripple.com/files/ripple_consensus_whitepaper.pdf

About Ripple: Claims to be able to handle 1,500 transactions per second.

Ripple has been criticized for not being truly decentralized, or for using only a few core validation nodes for transaction consensus, compared to Bitcoin and Ethereum in the five digits. Bitcoin developer Peter Todd notes, “..Ripple’s technical documentation doesn’t make any of these risks clear – nowhere do they describe in detail how nodes can fall out of consensus with one another if their UNLs (Unique Node List) don’t match.”

There is some confusion within the community about the difference between Ripple as a company and the coin XRP and where the boundary lies between the two.

2. Ethereum – ETH
Created by the Russian/Canadian boy wonder, Vitalik Buterin.

Ethereum is a decentralized platform that is used to run smart contracts.

Put another way…

Ethereum is an open-source, decentralized, blockchain-based network, upon which Ether and other Ethereum-based tokens reside.

Ethereum is the most popular decentralized app platform in the cryptoverse
Many ICOs use Ethereum’s blockchain-based smart contracts to distribute and keep record of their tokens.

Market Cap: $70 Billion

Consensus Mechanism: Ethereum currently uses Proof of Work (PoW) but soon will be switching to a new Proof of Stake consensus algorithm under development, called Casper which is expected to be more efficient and require less mining subsidy.

 

1. Bitcoin – BTC
The ocean that all the Altcoins float on.

The first decentralized digital currency
Released as open-source software in 2009
Created by an unknown person (or maybe group of people) under the of name Satoshi Nakamoto

Market Cap: $141 Billion

Consensus Mechanism: Proof of Work

History: On 18 August 2008, the domain name “bitcoin.org” was registered. In November that year, a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System was posted to a cryptography mailing list. Nakamoto implemented the bitcoin software as open source code and released it in January 2009. The identity of Nakamoto remains unknown.

The original Whitepaper: https://bitcoin.org/bitcoin.pdf

DISCLAIMER NOTE:

Neither the Bad Crypto Podcast nor Joel or Travis are making any recommendations as to investing in this or any token or crypto-currency. The information in this podcast is for informational and entertainment purposes only.

Please do your own due diligence and consult with a professional financial adviser before making any investments.

OTHER RESOURCES MENTIONED ON PREVIOUS PODCASTS:

 The Bad Crypto Research Repository – Bitcoin, Blockchain, Cryptocurrency, & Fintech News.
 Coinbase – Get $10 of free bitcoin for signing up and spending $100 in crypto!
 Create a Bitshares Account for trading BADCOIN on OpenLedger 
 How to Make a Paper Bitcoin Wallet 
 The Bad Crypto Mastermind Group

SUBSCRIBE, RATE, & REVIEW:

FOLLOW US ON SOCIAL MEDIA:

PLEASE DONATE TO THE SHOW:

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

 $BTC: Bitcoin: 3GMgCH4dFUHSLdrPnLwEsfKPVnLnoGbzGZ
 $ETH Ethereum: 0x1ccE8A04fa6743eD1D24cA063c7543D43B42F328
 $LTC Litecoin: LavXqTWVHebEgVhBXdg3Hue3xEAmgtxLgr
 $DOGE Dogecoin:  DMngvNMX1U8Sg8PkDjCC3UTS8Mmn9RqTP5

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.

Do your own due diligence, some people have had some customer support issues.  Neither Joel nor Travis can attest to that.  If you do use Coinbase, once your coins clear, move it to an offline wallet or if you choose, move them over to another exchange.

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. Joel Comm and 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.

Show Edited By: Aaron The Tech (http://aaronthe.tech)

Brad Garlinghouse of Ripple | Bad Crypto Podcast ep. 67

Brad Garlinghouse of Ripple | Bad Crypto Podcast ep. 67

More than three billion people are now connected online. But the payment infrastructure is still stuck in the 20th century. The people at Ripple hope to change that by creating the world’s only enterprise system for global payments.

And today, we welcome the CEO of Ripple.com, Brad Garlinghouse to the program. It’s a fascinating discussion about all things blockchain, as well as XRP, the cryptocurrency which has seen a rapid rise over the past month.

Let’s dig in with the token that holds the #4 spot in crypto market cap by getting answers directly from the top.  It’s episode #67 of The Bad Crypto Podcast.

WELCOME TO EPISODE 67!

 

Feature: Interview with Brad Garlinghouse of Ripple

Brad Garlinghouse is CEO of financial technology company Ripple. He was formerly the CEO and Chairman of Hightail (formerly YouSendIt), the file sharing site. Prior to Hightail, Brad was President of Consumer Applications at AOL for two years, after his role as Senior Vice President at Yahoo! running its Communications business which included the Homepage, Flickr, Yahoo! Mail, and Yahoo! Messenger.

For more info about Ripple check out: https://ripple.com

 

 

DISCLAIMER NOTE:

Neither the Bad Crypto Podcast nor Joel or Travis are making any recommendations as to investing in this or any token or crypto-currency. The information in this podcast is for informational and entertainment purposes only. Please do you own due diligence and consult with a professional financial adviser before making any investments.

OTHER RESOURCES MENTIONED ON PREVIOUS PODCASTS:

The Bad Crypto Research Repository – Bitcoin, Blockchain, Cryptocurrency, & Fintech News.
Coinbase – Get $10 of free bitcoin for signing up and spending $100 in crypto!
Create a Bitshares Account for trading BADCOIN on OpenLedger 
How to Make a Paper Bitcoin Wallet 
The Bad Crypto Mastermind Group 

SUBSCRIBE, RATE, & REVIEW:

FOLLOW US ON SOCIAL MEDIA:

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:

 $BTC: Bitcoin: 3GMgCH4dFUHSLdrPnLwEsfKPVnLnoGbzGZ
 $ETH Ethereum: 0x1ccE8A04fa6743eD1D24cA063c7543D43B42F328
 $LTC Litecoin: LavXqTWVHebEgVhBXdg3Hue3xEAmgtxLgr
 $DOGE Dogecoin:  DMngvNMX1U8Sg8PkDjCC3UTS8Mmn9RqTP5

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.

Do your own due diligence, some people have had some customer support issues.  Neither Joel nor Travis can attest to that.  If you do use Coinbase, once your coins clear, move it to an offline wallet or if you choose, move them over to another exchange.

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. Joel Comm and 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.

Show Edited By: Aaron The Tech (http://aaronthe.tech)

Bitcoin Hits All Time High… Again (A Bad Crypto Quickie) | Bad Crypto Podcast ep 44 and a Half

Bitcoin Hits All Time High… Again (A Bad Crypto Quickie) | Bad Crypto Podcast ep 44 and a Half

Another month has flown by in the Republic of Bad Cryptopia and it’s time for a monthly wrap-up.

Bitcoin hits a new all-time high, Dilbert is getting in on the crypto action and we reveal if Travis or I picked the winning coin for the month.

It’s a special Bad crypto quickie episode for those with short attention span.

 

WELCOME TO EPISODE 44.5!

  • 3 Ways to Get Badcoin
    • Like & Post on Facebook page – 50,000 – facebook.com/badcrypto
    • Review podcast, screencap and email to [email protected] – 100,000
    • Join the Bad Crypto Mastermind and ask for 100,000 more – badco.in/mastermind
  • BAD Cryptober – Thanks and Badcoin coming soon – watch your wallet
  • Join our TELEGRAM group! – badco.in/telegram
  • 50th episode celebration coming soon! How has your life changed since you discovered crypto – 708-885-9030

 

TOKEN UPDATE

Joel → Ripple – XRP – 19.7 cents to 20.2 cents

Travis → Nexus – 1.96 to 99 cents

NEWS!!!!!

 

OTHER RESOURCES MENTIONED ON PREVIOUS PODCASTS:

 The Bad Crypto Research Repository – Bitcoin, Blockchain, Cryptocurrency, & Fintech News.
 Coinbase – Get $10 of free bitcoin for signing up and spending $100 in crypto!
 Create a Bitshares Account for trading BADCOIN on OpenLedger 
 How to Make a Paper Bitcoin Wallet 
 The Bad Crypto Mastermind Group 

SUBSCRIBE, RATE, & REVIEW:

FOLLOW US ON SOCIAL MEDIA:

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:

 $BTC: Bitcoin: 3GMgCH4dFUHSLdrPnLwEsfKPVnLnoGbzGZ
 $ETH Ethereum: 0x1ccE8A04fa6743eD1D24cA063c7543D43B42F328
 $LTC Litecoin: LavXqTWVHebEgVhBXdg3Hue3xEAmgtxLgr
 $DOGE Dogecoin:  DMngvNMX1U8Sg8PkDjCC3UTS8Mmn9RqTP5

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.

Do your own due diligence, some people have had some customer support issues.  Neither Joel nor Travis can attest to that.  If you do use Coinbase, once your coins clear, move it to an offline wallet or if you choose, move them over to another exchange.

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. Joel Comm and 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.

Show Edited By: Aaron The Tech (http://aaronthe.tech)

Altcoins and the Problems They Solve | Bad Crypto Podcast Ep. 013

Altcoins and the Problems They Solve | Bad Crypto Podcast Ep. 013

The AltCoin is not a political movement, how much does the public know about Bitcoin?, and more free Stellar Lumens coming your way… But you gotta be fast.

All this happens on episode #13 of The Bad Crypto Podcast.

BADCOINS GIVEAWAY

Since last episode 012, we have given away over 15 million BADCOIN to our listeners for FREE.  If you want some then check out last episode’s show notes.

COMMENT OF THE WEEK

“Greetings from Thailand.  I’ve listen to all episodes. Fun and informative! As a result of your show, my 13-year-old son has turned his Alienware pc into a bitcoins miner…raking in bitcoin while sleeping and in school. Best part is he’s learning about Blockchain and crypto currencies at an early age!” – Jeff Fieklow, Thailand

That is EPIC, Jeff!  Big shout out to Jeff and his son!  Get your learn on!  We love hearing this.  Thanks for sharing, Jeff.  Glad you are loving the show.

CALL IN QUESTION

“I’ve been listening to the show for about two weeks already, and I think you guys are doing a great job. So I’ve actually been researching about Cryptocurrencies and blockchain technology for about two to three months already…

They got me thinking about how all these cryptocurrencies exist because of blockchain technology. So my question is, ‘What is to stop all these all these industries out there, that blockchain can potentially disrupt, to making their own that makes all these other cryptocurrencies part of their own?”  – Jesus

Great question, Jesus.  In fact, all of these currencies are built on their own blockchain.  Bitcoin uses their original blockchain, with some added changes, now. [read bitcoin fork]. Litecoin uses the same bitcoin blockchain for their coin.  Ethereum has it’s own, and many other coins are built off of the ethereum blockchain.

Monero and ZCash are the only two that anonymous transactions, so if you’re worried about a government creating their own competing blockchain, one of those may be the more secure route.

 [ ASK US A QUESTION BY VOICE 1-708-885-9030]

THE BAD CRYPTO NEWS

The market has been going up and down, eh?  Bitcoin Cash went up to $900 and back down to $600.  Some movement in Monero and some other altcoins, which is our topic this week!

Joel took an informal poll on his Twitter account, @joelcomm, asking about how much his audience knew about cryptocurrency.

According to this, most people still don’t really understand crypto. So, if you are one of our listeners, you are way ahead of most people!

Also in the news, we talk about how Nvidia, AMD, Intel, and others are profiting from the cryptocurrency mining craze.

TRAINING AND RESOURCES!

We had a relevant voicemail this week about the episode we preparing…

My question for you is I’m trying to better understand what the functional uses of all these alternative coins that are out there. You know, I understand with bitcoin. I can actually use it to purchase some product a different retail sites that are out there, but I think when it comes to all these other alternative coins.

I’m trying to just understand. What is the functional use? Obviously I could sell them for USD or sell them for other coins, but maybe you’d be helpful if you could give us some real examples of how some of these coins would be used? Thanks a lot.” – Angelo from Chicago, Illinois.

So in this episode, we describe the use of each of these altcoins.

  • Ethereum – Problem: Shortest term: the need for a platform to issue ICO tokens (and sell them with smart contracts); mid term: legal contracts are inefficient; long term: AI overlords
  • NEO – Problem: Same sort of problems that Ethereum is trying to solve. Chinese blockchain project, aiming to provide a smart contracts platform: “China’s Ethereum” – Rebranding as Neo.
  • Dash – Problem: Digital currencies should be consumer friendly, and there needs to be a process built into the network to allow it to fund both marketing and development of consumer friendly products.
  • Golem – Problem: People should be able to rent out their idle computer time for any variety of tasks. Decentralized super computer… Can’t rent out your computing power yet. Still in alpha.
  • Monero – Problem: Payments on a decentralized network should be anonymized.
  • Waves – Problem: ICOs on Ethereum are slow, they should happen on a faster, easier platform, with a decentralized exchange.
  • Steem – Problem: Content creators should be paid in a decentralized currency for their content posted to social media.
  • Ripple – Problem: The banking system is disjointed and contains thousands of ledger systems spread across the world, it’d be better if they all were on the same ledger system; Market makers park insane amounts of capital to facilitate payments where on a more efficient system they wouldn’t have to.
  • Stellar Lumens – Problem: Same as Ripple, early more of a focus on the underbanked. An offshoot of Ripple, aiming to connect banks, payments, and the underbanked for little cost.

Here’s a great article that goes into 70 different altcoins and what problem they solve (We pulled the problems from this site! Great resource)

CLOSING & REVIEWS

“The Cheech and Chong of the Crypto world. Nice conversational podcasts. Lay down the basics very nicely for this newbie which is ideal. Makes it easy to digest.” – Unknown user review from Podbean.

 

OTHER RESOURCES MENTIONED ON THIS PODCAST:

 Coinbase – Get $10 of free bitcoin for signing up and spending $100 in crypto!
 Create a Bitshares Account for trading BADCOIN on OpenLedger 

SUBSCRIBE, RATE, & REVIEW:

FOLLOW US ON SOCIAL MEDIA:

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:

 $BTC: Bitcoin: 3GMgCH4dFUHSLdrPnLwEsfKPVnLnoGbzGZ
 $ETH Ethereum: 0x1ccE8A04fa6743eD1D24cA063c7543D43B42F328
 $LTC 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.

Do your own due diligence, some people have had some customer support issues.  Neither Joel nor Travis can attest to that.  If you do use Coinbase, once your coins clear, move it to an offline wallet or if you choose, move them over to another exchange.

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.