Description

This is episode 264 of You, Me, and BTC – your liberty and Bitcoin podcast.

Bitcoin miners with better technology make more money. That’s an incredibly simple concept, but it also has wildly profound implications for humanity. Bitcoin created an unprecedented direct link between efficient computer chips and profit, thus incentivizing drastic innovation.

Today, Samsung announced a new production process for obscenely small and efficient semiconductors. The tech giant didn’t explicitly say anything about Bitcoin mining, but it’s very likely that these chips will get used in the cryptocurrency industry.

On today’s stream, this headline will take our discussion to a surprisingly hot tech topic that we’ve neglected so far on YMB: artificial intelligence. Some people genuinely fear powerful technology. They think we might create machines that will wipe out humanity as we know it.

We’ve never covered this idea on the air before, but we need to. Are we afraid that Bitcoin greed will lead to the creation of wickedly powerful computers? And will man’s hunger for power cause his own elimination? Let’s talk it all out tonight.

And on a somewhat related note, Elon Musk started accepting cryptocurrency. Huh…

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/e264 so you can 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

See More See Less

Subscribe

Leave us a review, comment or subscribe!

Meet the hosts

discussions

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

    Jump to Discussion Post 11 replies
  • 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/

    Jump to Discussion Post 0 replies
  • 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/

    Jump to Discussion Post 0 replies
  • 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

    Jump to Discussion Post 0 replies