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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!
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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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  • Polymath is a security token platform that utilizes the ST-20 token standard to guarantee compliance with government controls when issuing digital securities. Polymath centers on KYC, AML, and different legalities to guarantee administrative consistence with securities laws. ICOs experienced harsh criticism from government controllers around the world in 2017 and 2018. News Source: TheCoinRepublic

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  • Favorite project that is currently under a $5 million market cap. EquiTrader is a social platform for traders where they can share their ideas and get rewarded by the community. EQT comes equipped with trading charts, indicators, trading tools and other features which will make it easy to make technical analysis. You will also have the ability to shadow other traders and make automatic trades based on what they do News Source: TheCoinRepublic

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  • Verge is a secure and decentralized P2P electronic payment system which is designed for sending transactions privately. Verge has a public ledger similar to Bitcoin, but unlike Bitcoin you won’t be able to see the public addresses of the transactions that are conducted. This privacy is achieved using the Tor (The Onion Router) and I2P (Invisible Internet Project) technologies to hide the IP addresses of users. Verge was originally known as DogeCoin Dark, and then rebranded to Verge in 2016. The creators of Verge wanted this coin to be thought of as a legitimate form of currency, not just a way to pay for illicit items. News Source: TheCoinRepublic

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  • Dogecoin (DOGE) is a coin that has arrived at extraordinary statures since its commencement. Many did not accept that the coin could accomplish such a great deal and was accepted to flop soon as dogecoin maker made it as a joke money. The acclaimed Elon Musk joke gave the coin the fame that prompts the development of the coin by in excess of 80 percent in four days. From that point forward the coin has not thought back and to be reasonable Elon Musk isn’t the main reason that has lead to the development of the coin. The coin has a great deal to potential to set up its situation in the crypto showcase. The coin has indicated development in the previous couple of months however the coin faces a lot of vacillation is additionally a reality. The coin will develop yet to expect that the coin will reach $1 against the United States Dollar (USD) is a lot to request. News Source: TheCoinRepublic

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