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This is episode 222 of You, Me, and BTC – your liberty and Bitcoin podcast.
Listen. If there’s only one episode of YMB that you ever listen to, let it be this one. It’s gonna be an absolute doozie because we have the scoopiest scoop on the planet. We literally have the whitepaper for Venezuela’s future cryptocurrency and no one else has seen it yet.
As you may know, Nicolás Maduro (Venezuela’s president) recently announced his plans for this oil-backed cryptocurrency called the “petro.” As you should also know, Venezuela has been through a ton of crap lately as inflation rates have been through the roof (ymb.tc/e209).
Presumably, Maduro hopes this ICO will raise enough funds to get his country out of the gutter. But more likely, it will just turn into another way he ends up devastating his people.
Don’t miss this outstanding show! We’ll also have some special guests on the air to help talk everything over. The stream starts this Thursday at 9PM Eastern and we’ll go as long as we have to. See you there!
Eduardo Knows Firsthand: Bitcoin Is Necessary to Survive in Venezuela – YMB Podcast E209 (ymb.tc/e209)
Venezuela Will Create New ‘Petro’ Cryptocurrency, President Maduro Says
Three Simple Ways to Tank an Economy – YMB Podcast E151 Rum (ymb.tc/e151)
Your hosts this week are Daniel Brown, Tim Baker, and Zack Voell. Don’t forget to visit ymb.tc/e222 so you can keep up with our open tweet lines, vote in this week’s Bitcoin poll, and share your thoughts in the comments!
Every click helps. If this Bitcoin podcast was interesting, entertaining, obnoxious, or anything else, use the share buttons to let others know that it exists.
Tips appreciated: 1Kiy8x4pwMS7RQuH7xDeVcfqeup7gUTqA

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Meet the hosts

discussions

  • It appears to me that one of the biggest drawbacks to the current model of cryptocurrencies is the lack of reversibility in transactions. Historically, third parties such as banks have enabled transactions to be reversed, such as refunds or guaranteeing purchases. I think that if cryptocurrencies want to avoid third parties as much as possible, they should adopt a method for reversing transactions for the purpose of dispute resolution. Thoughts?

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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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  • Keyport Applications Accepts Encrypted Messages Built on BCH Blockchain The Keyport application, a platform that utilizes the OP_Codes of BCH network enables to send and accept encrypted messages. It is built on BCH Blockchain and Toku Protocol which encrypts the message and fix in OP_Return of a transaction. Read more here: Keyport Applications Accepts Encrypted Messages Built on BCH Blockchain Hitbtc Crypto Exchange suspended Services in Japan Due to unauthorize financial regulatory, Hitbtc has suspended its services in Japan. The citizens with Japanese IP addresses were asked to provide their residency details within exchange’s KYC process to prove they are not resident of Japan. Read more here: Hitbtc Crypto Exchange suspended Services in Japan Huobi Crypto Exchange to Team up with Newmargin Capital and Kiwoom Securities Singapore based crypto exchange; Huobi has revealed its new partnership to create a blockchain startup investment fund in China and South Korea. Recently, Huobi has announced cryptocurrency exchange traded fund offerings. Read more here: Huobi to Team up with Newmargin Capital and Kiwoom Securities Bittrex Gets Bank Approval to Help Clients Buy Bitcoin with Dollars Bittrex, the Seattle-based crypto exchange has signed an agreement with Signature Bank in New York, on Thursday 31st, 2018. The firm will directly allow customers to trade digital currencies using US dollars. Read more here: Bittrex Gets Bank Approval to Help Clients Buy Bitcoin with Dollars   

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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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