Description

Today’s guest is Ned Scott, CEO of Steemit.com and the crypto-currency Steem which is a blockchain built to reward and incentivize content creation and social media engagement. Basically it’s a website like Facebook or Reddit, where people can follow others, post content and engage in the online community, but there’s a difference. Unlike Facebook and Reddit, where users only get “good feels” when someone LIKES your post, on Steemit.com you actually get awarded with the crypto-currency, Steem, which currently has a value of ~$1 each. I”ve seen people, like Jeff Berwick, make $16,000 on a single post. Trust me, I was in disbelief at first too.

Now, there are PLENTY of people who call Steemit.com and the Steem crypto-token a scam and a pyramid scheme. There are various reasons why fellow crypto-friends either don’t understand or don’t trust Steem; many of them have valid reasons. Ned and I chat about the economics of Steem and how they created a coin, wrapped in smart contracts to incentivize and build the type of community they wanted to build. Coming from a background of Austrian Economics, I’m dig deep to get answers to some of the most fundamental concerns about Steem and try to find out if it’s actually a scam or not. My conclusion? Well…you’ll have to listen to the podcast to find out.

If Ned is correct, and he’s been able to create a new type of social media platform community that rewards content creators and engagements, then social media has changed forever. That’s no embellishment.

If we can now organize ourselves in voluntary communities, based on a common interest, use a blockchain to permanently store our collective content/information/communications and also reward and incentivize each other to create the kind of content that we want…then we’ve entered into a new era of peaceful Anarchy and Voluntaryism.

I encourage you to listen to this interview with an open mind. Listen to how the blockchain is being utilized and how it is creating value in the communities that we voluntarily belong to and choose freely.

Website: www.steemit.com

In Liberty,
Ashe

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Meet the hosts

Ashe Whitener is the founder and host of the Liberty Entrepreneurs Podcast which aims to provide an alternative perspective to achieving individual freedom through the creative, entrepreneurial process rather than through the tried and failed process of politics. Ashe has two BS degrees in Engineering and is also an original member of Peter Schiff’s Euro Pacific Bank where he is currently the Head of Business Development. Much of Ashe’s experience has come during his time living in Panama and he continues to consult global teams on various projects including tech startups and offshore asset protection.

discussions

  • [ lifted from their website. ]   When We Started Eris Industries, We Asked Two Questions 1) Is it possible to build applications which have the benefits of interconnectedness, but without servers? It is. Distributed applications can perform the same functions of modern web applications by enlisting users to participate in the management and security of these applications’ data. 2) Is it possible to create data-driven interactions which are both autonomous and legally compliant? It is. Data-driven interactions are not exempt from legal norms and procedures, and platforms capable of operating within existing legal frameworks will be profoundly useful to businesses and individuals alike. With Eris Industries’ open-source Distributed Application Software Stack, developers can rapidly design, test, and deploy distributed applications which are as flexible, user-friendly, and legally compliant as they are secure. Think of us as the node.js of peer-to-peer technology. What will you build on the Eris Stack?

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  • This company is basically a full reserved bank that would be fully approved by Murray Rothbard himself. Their metals broker-dealer business is their cash cow today but they are creating a payment network that disintermediates banks and saves their customers money. They have a crypto broker-dealer and storage business as well but as prudent financial advisors the company’s management tries to educate the public about the virtues of gold ownership. The company acts like a fiduciary and seems much more trustworthy than market leaders like coinbase. Expanding into China with a customary 50/50 JV with a local company. Tough to predict the companies FCF going forward but it trades under 2x book value. Let me know what you guys think.

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  • As a part of ‘Operation Crypto-Sweep’, the Alabama Securities Commission (ASC) has issued five Cease and Desist Orders to protect Alabamians. The operation is led by NASAA focusing on blockchain startups and ICO projects suspecting violations and fraudulent activities on securities laws. NASAA (North American Securities Administrators Association, the voluntary organization in which ASC is also a member. It is coordinated with ‘Operation Crypto Sweep’. Recently, ASC has taken enforcement actions by issuing five Cease and Desistorders to protect Alabamians. Source of info coinpedia.org

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  • Greetings all. Does anyone use Coinbase for their wallet/trading? If so, are you happy with them?

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  • While one segment of the us government is trying to require a safe and proper backdoor to everyone’s communication we simultaneously see how all of that is being counter hacked , and there is very little keeping uber-hacking tools out of the public.

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