Description

Imagine you are a store owner who just sold $100 worth of items from your store, only to find out that the currency you received had devalued 25% overnight? This scenario rightfully scares people and leaves them reluctant to exchange cryptocurrency for goods or services. To address this topic, Josh and I sat down with Bob Murphy, an austrian economist and senior fellow at the Mises Institute with a Phd in economics from NYU. We discuss the historical significance of gold, if it can be tokenized, and how that would compare to other stable coins. What are the risks? What are the benefits? Listen and learn!

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Meet the hosts

Hey! My name is Tatiana Moroz. I am a passionate singer-songwriter heavily involved in the Libertarian and Bitcoin movement. I have created the first ever artist cryptocurrency Tatiana Coin and also founded an activist talent agency called Same Side Entertainment. I recently launched Crypto Media Hub which is an advertising network for the Bitcoin world and beyond. It's free for advertisers and we work with almost every major media outlet in the space including Bitcoin Magazine, YBitcoin, Bitcoinist, Brave New Coin, Let's Talk Bitcoin, Coin Telegraph and many more.

discussions

  • This will be a general discussion to share tips and tricks to survive conventional Keynesian Economics Lessons in university.

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  • We all know about cryptocurrencies and the attention around has increased due to Facebook’s involvement with it. Due to such attention, many people are looking forward to being potential investors in the future and enter the crypto world. We all are aware of the cryptocurrencies being untraceable and shrouded in anonymity, for whatever reasons that attract us to this attribute of cryptocurrency. While many crypto pundits and aficionados are aware of the basic security of cryptocurrency, a large chunk of the market have no clue how crypto works. So, here are the basic principles of cryptocurrency explained. There are three main components of crypto security which are Asymmetric Cryptography, Hashing, and Digital Signatures. They are explained as follows – Asymmetric Cryptography – A Basic Lock and Key Mechanism Asymmetric cryptography is always concerned with two keys, a public key, and a private key and they both act as a lock and key for each other. If a message containing information is encrypted with a private key, it can only be decrypted by a public key and vice versa. This acts as the backbone of many cryptographic schemes such as SSL and TLS including many cryptocurrencies that follow this simple mechanism. A piece of information that can be put out there in the world using a public key and that piece must be guarded using the private key. Hashing – A Unique Code For Everything Hashing, in simple words, is encrypting a message or piece of information into a code called hash. The hash of the message is calculated using the information that the message contains. The hash is always determined using an algorithm. The input of the algorithm is directly dependant on the data of the arbitrary length. The output of the calculated hash is always predetermined and remains the same for the same algorithm elsewhere. This means that the same input will give out the same data every time. While it is easy to convert a message to a hash, but it is difficult to know the content of the original message using the hash. This is because for a small change the hash entirely. For example, the change of a word in a message or even capitalization of a letter can lead to the generation of a new hash. Digital Signatures – The Enforcement Tool Digital Signature is a combination of both Hashing and Asymmetric Cryptography. The sole purpose of Digital Signature is to enforce nonrepudiation and confirm the integrity of a message. The integrity lets you state that the piece of information that you create is the same as the information sent. Non-repudiation lets you state that the message you create can only be created by you and no one else. In simple words, Digital Signatures act like the protection of intellectual property (trademarks, copyrights) for cryptocurrencies and blockchains. While these are an effective way to claim protection, they aren’t going to encrypt anything on its own. A digital signature doesn’t keep messages secret, for that hashing is used. News Source: TheCoinRepublic

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  • The “Tax Honesty” movement has demonstrated a few things to a lot of people.  To cover a lot with a few words, I’ll put it this way:  The IRS breaks its own rules in order to rob us through deceit. Some people (Irwin Schiff, for example) have suffered because they attempted to protect themselves from the rule-breakers.  There is now a theory popular among liberty-minded people that the government is too corrupt and powerful for anyone to succeed in an effort like Irwin Schiff’s.  There is also some good evidence showing this theory to be wrong.  It’s available at Peter Hendrickson’s website, losthorizons.com. I think that a lot of bureaucrats feel and believe that they are helping society.  This leaves them open to consider fixing situations in which their bureaucracy is breaking its own rules.  And let’s face it, there are some rules that can actually help liberty.  Perhaps the loads of evidence that Hendrickson has on his site can be explained by the presence of such “good-hearted” individuals in the bowels of the IRS. In any case, if you can, please entertain the possibility that the US Income Tax is not being administered honestly.  Consider that maybe, just maybe, in the gargantuan tangle of words called “Title 26,” the legal meaning of the law as it applies to most people is not coercive at all.  Maybe, if it were properly applied, the government would be a nuisance like neighbors who let their dogs poop on your lawn, instead of a nuisance like cancer in your lungs.  It could be true.  I think it is true, and I think that failing to follow all the twists and turns that Hendrickson uncovered to see for yourself that it is true kind of justifies you still being enslaved to a government that steals from you in order to cause havoc all over the planet in a massive deception that justifies its existence. If we want to honor the goodness in all people, including those who have been tricked into serving evil, we can do so by understanding the rules they think they should be following, and using them to protect ourselves from enslavement.

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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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