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This is episode 265 of You, Me, and BTC – your liberty and Bitcoin podcast.

Look, you know we’re not huge fans of CoinDesk nor fans of clicky headlines. But this one got me, hook, line, and sinker:

Enough with the ICO-Me-So-Horny-Get-Rich-Quick-Lambo Crypto

And honestly, it’s a pretty good article (probably because CoinDesk didn’t really write it). It’s a letter from an OG Bitcoiner who is clearly fed up with the way cryptocurrency turned out. They asked him to reflect on Bitcoin’s 10th anniversary so he spilled a ton. And we need to talk about it.

He’s not the only one who thinks crypto fell short of its goals and we need to decide if we agree. It’s certainly true that AML, KYC, and related regulations have wrecked some parts of the industry. But does Bitcoin still let people slip though the cracks? While companies like Coinbase are clearly compromised, can people still use Bitcoin privately and profitably?

Then of course, there’s the crypto community. It’s no secret that lot’s of groups hate each other and lots of groups worship certain people or ideas. Is that dangerous? Does it mean Bitcoin failed to promote open and free minds?

Then later in the show, we’ll touch on a bit of news that may be a result of crypto’s failings. AMD’s stock plummeted because people stopped buying graphics cards to mine altcoins. Is this a bad sign?

Listen, this is gonna be one helluva show. Tune in for all the fun tonight at 9PM Eastern and check the list below for some of the specific stuff we’ll cover!

Your hosts this week are Daniel Brown, Tim Baker, and Zack Voell. Don’t forget to visit http://ymb.tc/e265 so you can share your thoughts in the comments!

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discussions

  • I’m interested in working for Bitcoin but atm it’s hard to find these kind of sites. At the moment it seems quite hard to benefit from Bitcoin unless you have purchased Bitcoins through your current accounts as investments. However, as someone noted somewhere else, buying and selling goods for Bitcoin online seems to be hard. How can Bitcoin make a real difference while it’s still not a feasible currency for most of us?

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  • Silsal, as the venture is titled, utilizes an electronic blockchain record framework to give full load perceivability and streamline exchange streams and supply chains. Whenever tried effectively, the Silsal blockchain task hopes to mechanize the trade, ID, and affirmation of load reports between Abu Dhabi ports and Belgium’s Port of Antwerp. Every partner demonstrations like a hub of a blockchain organize who gets the chance to get to and recognize the ongoing store network of the transported things. Abu Dhabi Ports has collaborated with its Belgian partner to start a blockchain-fueled production network pilot venture. News Source: TheCoinRepublic

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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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  •   Weixing Chen and Yang Jun, the two Chinese entrepreneurs are pairing up to launch a blockchain based ride hailing app. However, the plan is to offer different life-style services that include ride hailing and deliveries. Read news here: Blockchain Based Ride Hailing App

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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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