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BE WARNED, THERE ARE AUDIO ISSUES WITH THIS EPISODE!!!

Scott, having been a big bad podcaster for a little over a year now didn’t think he needed to do a routine sound check

before recording this podcast, resulting in some electronic interference leaking into the final mix. The good folks at

PAX Libertas Productions would like to assure you that he is being dealt with accordingly…

At the end of the day we think that the information contained in this episode is worth a listen, and we we’re able to fix it up a good bit, but you should do so at your own risk.

After praising Dash in episode 33 of the Ancap Barber Shop, some potential issues with the coin have been brought to our attention that are at the very least worth a mention. What’s the final verdict on Dash? Let us know by sending us an email at [email protected].

If you’d to talk to contact Jake, you can do so at jakebryan.me

Jake references a video regarding one of the people that were on the board that created Ripple (XRP).

The criticisms of Dash we referenced are presented below:

“(1) It was built on fraud; some guy named Evan cloned the Bitcoin code then premined it in his closet for two days while purposefully blocking other miners from submitting blocks. He claimed it was a mistake or a bug after he raked in a couple of million coins. When questioned, he mocks the investor asking the question and acts really weird never really explaining what happened; he implies that he deserved the premined coins because he put “his entire life in the computers in that closet” Video here: https://youtu.be/0EG2km7GAmM?t=2834

(2) He promised to give them back to the community and he never did; he lied. He now claims that by holding the coins, he is helping the community. Video here: https://youtu.be/0EG2km7GAmM?t=2834

(3) They lie in their marketing, claiming that it’s a totally anonymous and private coin. This is an outright lie and it puts people on the black market in danger. A bunch of smart people from Princetown were able to achieve 100% success in tracing Dash wallets on the network. Dash is not anonymous or private and using it puts you in danger; Do not believe their marketing lies and never use Dash on the black market: https://arxiv.org/pdf/1709.02489.pdf

(4)They purposefully created master nodes to lock up a majority of coin supply and artificially increase price so that Evan can own a majority of them and continue to rake in fees from the dumbasses who use his network and making him even more rich by using his original pre-mined coins to extract even more funds from the network users. There are currently 4,766 master nodes on the network, putting 4,766,000 DASH out of circulation out of 7,774,607. Well over half of all DASH in existence is locked up creating artificial scarcity in order to inflate the price so Evan can profit even further.

(5) Evan has a master key that allows him to invalidate all transactions on the network for the previous 24 hours. More details here: https://www.reddit.com/…/just_a_reminder_that_dashs_strate…/

(6) Dash is openly being called a scam by some of the best and smartest people in the crypto world.

FluffyPony discussing Dash at length as a scam here: https://www.youtube.com/watch?v=VrKU0Ymta-U

Charlie Lee: “Dash is trash.”

Peter Todd: “Dash is snake oil.”

Greg Maxwell: “Dash is not cryptographically secure at all.”

Is that enough for you?

If you choose to participate in a coin built on fraud, that is your choice. Dash has made serious gains in price in the last year and if your goal is to turn profits, so be it. I personally cannot support this project for many reasons. Make your choices wisely.”

We hope you enjoyed this episode, Worms!

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Meet the hosts

Scott McDonald is the Ancap Barber. Born and raised in Huntsville AL, he is an agorist barber extraordinaire. Along with his beautiful wife, Erika McDonald, he fathers the wonder child, Elsie McDonald. Scott has been involved in political and philosophical discussion for most of his adult life. His mission in life is to spread liberty at every opportunity, as well as eventually owning his own barber shop. Adam Brown is a musician, libertarian, and minarchist, as well as the co-host of the Ancap Barber Shop. He and Scott make up the doom country duo, Pinecone Percy. Adam believes in minimal government and personal freedoms, you will usually find him shredding on a guitar, banging on drums or debating anarchy and religion with Scott. He was born and raised in Huntsville, AL. His goal is to share his passion for freedom and liberty to anyone and everyone.

discussions

  • This is the one I use http://preev.com just because t is simple and tells you what you need to know

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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.

    Jump to Discussion Post 0 replies
  • Australian Beach Town, Agnes Water to Become Nation’s First Digital Currency Town Agnes Water, Australian Beach town is a reckoning as the nation’s first digital currency town. The Beach town is initiating its step towards enhancing digital currencies. This was first started after real estate agent Gordon Christian began accepting payments in cryptocurrencies. Read news here: https://coinpedia.org/news/agnes-water-become-nations-first-digital-currency-town/ SBI Japanese Financial Exchange to Launch New Virtual Currency Services On Monday, SBI Japanese financial exchange’s CEO Yoshitaka Kita disclosed that it is coming up with new virtual currency services. Basically, this feature came live after it got delayed for certain security concerns. Bestowing to the Business Insider Japan, the firm is offering Blockchain stage for exchanging symbolic digital forms of currency such as Bitcoin, Ethereum, Bitcoin Cash, and Ripple. Read Detail info here: https://coinpedia.org/news/sbi-launch-new-virtual-currency-services/ Eat BCH on Mission to Feed Humanitarian in South Sudan The application of cryptocurrency or blockchain technology will be enormous if used for the social cause. There is one such charity firm, Eat BCH which aims to feed humanitarian in Venezuela by purchasing food with BCH donations. Read Detail info here: https://coinpedia.org/news/eat-bch-mission-feed-people/ Indonesia’s Regulator Sets Green Signal for Crypto Futures Trading The Trade Ministry’s Futures Exchanges Supervisory Board (Bappebti) of Indonesia has given a green signal for crypto futures trading. But, it is surprised to see that the Bank of Indonesia still doesn’t recognize cryptocurrencies as a mode of payment. Read news here: https://coinpedia.org/news/indonesias-regulator-sets-crypto-futures-trading/

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  • The founder of Pantera Capital Management, Dan Morehead suggests to buy bitcoin while it is cheap now. According to Coinmarketcap Bitcoin was trading at $7,508.60 USD. One of most popular cryptocurrency, Bitcoin had reached the heights of $20000 in last year. Due to volatile nature of cryptocurrency, this year in month of February, it has dropped below $6000. According to Dan Morehead, crypto investors told CNBC that, “All cryptocurrencies are very cheap right now. So now is a good time to buy now and participate in the rally as it goes”. Although there is a hype in cryptocurrencies are still unregulated industry. Due to its price fluctuations and unstable characters, market keepers are still into consideration crypto regulations. Dan Morehead’s suggestion to investor concern ‘once a currency break its 230-day moving average, make a purchase and wait for a year and sell’. Watch here what Dan Morehead Says: https://coinpedia.org/news/dan-morehead-good-time-buy-bitcoin/

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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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