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The Bad Crypto Podcast

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Oct 20, 2022 • 33min

Google Goes Crypto - Bad News for October 20, 2022

Google taps Coinbase. The SEC taps Kim Kardashian. And Paypal attempts to tap its users.  We’re back from vacation to tap into some of the biggest stories in crypto, and debut ideas for a new format. Let’s tap about 20 minutes from your day and reward you with a pint.. Straight from the tap.  On this “I’d tap that” Bad News episode #634 of The Bad Crypto Podcast. Full Show Notes at: http://badco.in/634 TIME STAMPS 00:00 Intro  05:50 - Efani Show Sponsor  06:50 - Total crypto marketcap update 09:00 - Liz Truss was the Prime Minister for the UK RESIGNS after 44 days 12:30 - Kanye West owns Parlor; Trump owns Truth Social; Elon Musk is buying Twitter; what’s neXt for social media?  13:25 - Politics update 14:45 - Jerome Powell says no CBDC in the near future 17:00 - The world of cryptocurrencies is now recognized by the Guinness Book of World Records 17:30 - Kim Kardashian and Ethereum MAX fine from the SEC 19:25 - US inflation is at a 40-year high 20:23 - Big brands enter the crypto space as Google taps Coinbase for crypto payments 21:25 - NFT adoption news 22:30 - PayPal misinformation, acceptable use policy 26:25 - Google sucks; ProtonMail is better 29:20 - Closing Remarks SUBSCRIBE, RATE, & REVIEW: Apple Podcast: http://badco.in/itunesGoogle Podcasts: http://badco.in/googleSpotify: http://badco.in/spotify FOLLOW US ON SOCIAL MEDIA: Twitter: @badcryptopod - @joelcomm - @teedubyaFacebook: /BadCrypto - /JoelComm - /teedubyawFacebook Mastermind Group: /BadCryptoLinkedIn: /in/joelcomm - /in/teedubyaInstagram: @BadCryptoPodcastYouTube: badco.in/youtubeEmail: badcryptopodcast[at]gmail[dot]comPhone: SEVEN-OH-8-88FIVE- 90THIRTY DISCLAIMER:Do your own due diligence and research. Joel Comm and Travis Wright are NOT FINANCIAL ADVISORS. We are sharing our journey with you as we learn more about this crazy little thing called cryptocurrency. We make NO RECOMMENDATIONS. Don't take anything we say as gospel. Do not come to our homes with pitchforks because you lost money by listening to us. We only share with you what we are learning and what we are investing it. We will never "pump or dump" any cryptocurrencies. Take what we say with a grain of salt. You must research this stuff on your own! Just know that we will always strive for RADICAL TRANSPARENCY with any show associations.  Support the show: https://badcryptopodcast.comSee omnystudio.com/listener for privacy information.
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Oct 13, 2022 • 31min

Best of The Bad Crypto Podcast: Intro to Blockchain, Bitcoin and Cryptocurrency

We recapped the basics of blockchain, Bitcoin, and cryptocurrency in November 2018 for listeners to share the crypto rabbit hole with friends and family, just before the holidays. Today in 2022, this remains as one of the best educational summaries for blockchain and cryptocurrency technologies. And yes, we still want you to share it with your friends!  Full show notes: http://badco.in/210 TIME STAMPS: 00:00 - Intro  3:40 - Refresher and introductory crash course in blockchain, bitcoin, and cryptocurrency. 06:25 - Bitcoin and Blockchain are not the same thing; blockchain is actually the technology that allows crypto to be a secure platform. 09:28 - Halvening; the reward for completing the block cuts in half. 10:22 - Why do we need a Bitcoin cryptocurrency at all? 15:45 - Bitcoin and other cryptocurrencies can be a new way of transacting, only this digital currency is backed by the secure computer network, not a bank.  16:41 - What gives paper "fiat" money its value? What gives you the right to say this digital currency is a currency?  19:44 - The use cases for blockchain and cryptocurrency. 22:49 - Blockchain, in general, is a database that is transparent, decentralized, and distributed. 24:04 - Closing Remarks SUBSCRIBE, RATE, & REVIEW: Apple Podcast: http://badco.in/itunesGoogle Podcasts: http://badco.in/googleSpotify: http://badco.in/spotify FOLLOW US ON SOCIAL MEDIA: Twitter: @badcryptopod - @joelcomm - @teedubyaFacebook: /BadCrypto - /JoelComm - /teedubyawFacebook Mastermind Group: /BadCryptoLinkedIn: /in/joelcomm - /in/teedubyaInstagram: @BadCryptoPodcastEmail: badcryptopodcast[at]gmail[dot]comPhone: SEVEN-OH-8-88FIVE- 90THIRTY DISCLAIMER:Do your own due diligence and research. Joel Comm and Travis Wright are NOT FINANCIAL ADVISORS. We are sharing our journey with you as we learn more about this crazy little thing called cryptocurrency. We make NO RECOMMENDATIONS. Don't take anything we say as gospel. Do not come to our homes with pitchforks because you lost money by listening to us. We only share with you what we are learning and what we are investing it. We will never "pump or dump" any cryptocurrencies. Take what we say with a grain of salt. You must research this stuff on your own! Just know that we will always strive for RADICAL TRANSPARENCY with any show associations.Support the show: https://badcryptopodcast.comSee omnystudio.com/listener for privacy information.
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Oct 10, 2022 • 1h 18min

Best of The Bad Crypto Podcast: G. Edward Griffin on the Federal Reserve, Inflation, and Modern Money

If you want to understand the mysteries of the modern monetary system and how the Federal Reserve and Central Banks control the flow of money, you can't miss this December 2019 interview with G. Edward Griffin for his thoughts on inflation, the Federal Reserve as a cartel, and more -- especially given the U.S. debt increasing to $31 trillion the week of October 2, 2022.  FULL SHOW NOTES: badco.in/351 You’ve heard of Dracula, who comes in the night to suck the blood of innocents so he might live. You’ve heard of the Phantom of the Opera, who will stop at nothing to keep captive his beloved Christine. And you’ve heard of the Mummy, who has been wrapped up so long his temper is really bad. The list of monsters and evil doers goes on… and while these fiends are fictional, there’s one more insidious then all of these… and is real. It’s the Creature from Jekyll Island, a beast so terrifying and horrible that it affects you, me and the American economy every day. As named by author and speaker, G. Edward Griffin, the Federal Reserve Bank is the monster that was born off the coast of Georgia and today remains a mystery to most Americans. We are pleased today to bring a legendary interview with G. Edward Griffin where we discuss the origins of The Fed, how the money supply works and how cryptocurrency can play an essential role in bringing about economic freedom for all. One of the most important shows we’ve ever done, you won’t want to miss a beat of episode #351 of this Legen… wait for it… dary episode #351 of The Bad Crypto Podcast. SUBSCRIBE, RATE, & REVIEW: Apple Podcast: http://badco.in/itunesGoogle Podcasts: http://badco.in/googleSpotify: http://badco.in/spotify FOLLOW US ON SOCIAL MEDIA: Twitter: @badcryptopod - @joelcomm - @teedubyaFacebook: /BadCrypto - /JoelComm - /teedubyawFacebook Mastermind Group: /BadCryptoLinkedIn: /in/joelcomm - /in/teedubyaInstagram: @BadCryptoPodcastEmail: badcryptopodcast[at]gmail[dot]comPhone: SEVEN-OH-8-88FIVE- 90THIRTY TIME STAMPS 00:00 - Intro, interview from December 2019 06:33 - Feature Interview with G. Edward Griffin 07:40 - You’ve written a lot about different topics ranging from the truth about cancer, federal policy, the Federal Reserve.  08:40 - The Creature from Jekyll Island has an interesting premise. How did you go down the rabbit hole to discover the creation of the central banking system to author the story?  11:20 - The engine of inflation is the Federal Reserve system.  18:30 - Get into the content of The Creature from Jekyll Island. How would you summarize and persuade them that The Federal Reserve is simply a government agency?  25:10 - 26:33 -  The Federal Reserve is a means by which the banking industry formed a cartel so they could dominate the market of money and banking, they would give it to Congress, Congress would pass it as a law and think The Federal Reserve is a government agency.  26:40 - Travis learned the realities of the monetary system in the year 2000. Who even owns the Federal Reserve bank? How does the IRS and Federal Reserve work?  35:25 - The tax system in America is not so much for revenue as it is a means of control. 38:06 - More on inflation, money supply, Monopoly description 44:30 - Reminds me of the ICO phase with a lot of people printing money out of thin air, some of them legitimately, and others because they thought they could get away with it.  45:00 - 47:14 - What are your thoughts around Bitcoin as a currency? Do you think there’s a chance Bitcoin could become a world reserve currency?  47:44 - Governments creating sovereign currencies. Governments see cryptocurrency as the means of ultimate control.  50:20 - Are we entering the End Times as revealed in the Old Testament?  52:55 - In 1984 you had an interview with Yuri Bezmenov where you talked about the Russians subverting Western culture. Where are we now and how are you seeing this play out from the interview with Russian KGB agent Bezmenov?  58:00 - Lightning round of questions on cancer and the pharmaceutical industry and the fable of Noah’s Ark.  1:09:00 - What are your thoughts on these negative interest rates?  1:12:00 - Closing remarks DISCLAIMER:Do your own due diligence and research. Joel Comm and Travis Wright are NOT FINANCIAL ADVISORS. We are sharing our journey with you as we learn more about this crazy little thing called cryptocurrency. We make NO RECOMMENDATIONS. Don't take anything we say as gospel. Do not come to our homes with pitchforks because you lost money by listening to us. We only share with you what we are learning and what we are investing it. We will never "pump or dump" any cryptocurrencies. Take what we say with a grain of salt. You must research this stuff on your own! Just know that we will always strive for RADICAL TRANSPARENCY with any show associations.Support the show: https://badcryptopodcast.comSee omnystudio.com/listener for privacy information.
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Oct 6, 2022 • 1h 10min

Best of The Bad Crypto Podcast: Shredding Fiat Currency with Max Keiser

We're revisiting our July 2020 interview with Max Keiser, a Bitcoin purist and fiat shredder (literally). Inflation and the Fed money printing continues in 2022, so we thought Keiser's insights into the financial system were highly relevant. This just might be the "orange pill" episode for you or your friends to hop into Bitcoin. At the rate the Federal Reserve is printing money, it won’t surprise anyone when the dollar eventually crumbles. Max Keiser is taking a pro-active stance on making fiat worthless.  Hand him a twenty and see what happens. It’s been a couple years since we first spoke with the co-host of The Keiser Report so we thought it was a good time to catch up and get his current thoughts on life, the Universe and everything. Hold on to your fiat if you don’t want Max to shred it, but where we’re going you won’t need it anyhow. This episode has it all, including original ukulele serenades. Get in tune and come along for a wild ride with us on episode #426 of The Bad Crypto Podcast.  FULL SHOW NOTES: badco.in/426 SUBSCRIBE, RATE, & REVIEW: Apple Podcast: http://badco.in/itunesGoogle Podcasts: http://badco.in/googleSpotify: http://badco.in/spotify FOLLOW US ON SOCIAL MEDIA: Twitter: @badcryptopod - @joelcomm - @teedubyaFacebook: /BadCrypto - /JoelComm - /teedubyawFacebook Mastermind Group: /BadCryptoLinkedIn: /in/joelcomm - /in/teedubyaInstagram: @BadCryptoPodcastEmail: badcryptopodcast[at]gmail[dot]comPhone: SEVEN-OH-8-88FIVE- 90THIRTY DISCLAIMER:Do your own due diligence and research. Joel Comm and Travis Wright are NOT FINANCIAL ADVISORS. We are sharing our journey with you as we learn more about this crazy little thing called cryptocurrency. We make NO RECOMMENDATIONS. Don't take anything we say as gospel. Do not come to our homes with pitchforks because you lost money by listening to us. We only share with you what we are learning and what we are investing it. We will never "pump or dump" any cryptocurrencies. Take what we say with a grain of salt. You must research this stuff on your own! Just know that we will always strive for RADICAL TRANSPARENCY with any show associations. TIME STAMPS 00:00 - Intro 04:50 - Feature Guest: Max Keiser 07:00 - Are you a Bitcoin purist?  07:45 - Most of the ICO projects from 2017 are dead. You were actually saying the Mona Lisa of the 21st Century is Bitcoin and a hash rate war with Iran that could potentially send Bitcoin soaring in value. 10:15 - America will say “we can’t let these other countries become the richest countries in the world” and enter the hash race/war.  11:06 - Couldn’t both be true? The government starts mining Bitcoin, but prevents its citizens from mining?  12:30 - What about the hash rate contribution from China?  14:40 - 16:18 - With all of the craziness in the United States, how close are we from Atlas Shrugging?  16:20 - 18:53 - The Federal Reserve system is flawed. People are starting to wake up. Bitcoin and Crypto seems to clearly be the path forward. How do you succinctly wake someone up to the whole currency system? 20:20 - We first interviewed you for Episode #34. You recently said hitting $50k Bitcoin will cause Peter Schiff, Mark Cuban, and others will go “all in” on Bitcoin. Explain. 24:36 - Explain the Cantillion effect.  27:55 - How do you think Trump figures into all this? 30:27 - Fairness in media broadcasting and publishing.  34:10 - Everything has been commoditized and traded on an exchange.  36:08 - You mentioned earlier that some of the big name projects in crypto are scams. Do you not think there’s room in the ecosystem for other blockchains and coins?  39:22 - What about countries creating their own digital currencies?  41:12 - Earlier I referenced the protests and the unrest. You have said the protests don’t do anything; buying Bitcoin is the real protest. But the protests are impacting change in policy. What is your take?  43:38 - These movements start out with great intentions, but then get consumed by other causes for the globalist agenda. Do you agree?  50:00 - We’re in 2020; what does the next ten years look like? What does 2030 look like?  52:30 - 54:25 COVID-19 and other events make it seem like this was all a soft coup against the United States government.  54:30 - Where in the world do you go when the U.S. collapses?  55:12 - New York City in the 1970s.  57:15 - The 1987 stock market crash.  59:20 - Global authoritarian dystopia…  1:00:48 - The militarization of local police and the rule of martial law. Defund fiat.  1:01:55 - Why don’t you give us a closing message to those out there who are losing faith in the system?  1:02:50 - Ukelele playing.  1:06:14 - Closing remarks Support the show: https://badcryptopodcast.comSee omnystudio.com/listener for privacy information.
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Oct 3, 2022 • 43min

Best of The Bad Crypto Podcast: Changpeng Zhao (CZ) CEO of Binance

From the archives, another Best of The Bad Crypto Podcast with CZ, CEO of Binance crypto exchange while Joel and Travis are on a break from broadcasting. Does CZ like us, even if we are following each other on Twitter? Find out what it's like to launch a successful crypto exchange in the midst of changing crypto regulations and what considerations were given for user experience and security.  Founded in 2017, Binance is now the world’s biggest crypto exchange based on trading volume. Changpeng Zhao, known as CZ in the crypto world, is the CEO responsible for this virtually overnight success. Today we’re pleased to welcome CZ to the show for a discussion that covers the gamut. From humble beginnings to crypto world domination, we’ve got it all. And now, you are gonna get it. In fact, after this interview you’ll be saying “Thank you, sirs. May I have another?” It’s the “we launched Bad Crypto at the same time you launched Binance, so how come we aren’t billionaires” episode #250 of The Bad Crypto Podcast. FULL SHOW NOTES: http://badco.in/250 SUBSCRIBE, RATE, & REVIEW: Apple Podcast: http://badco.in/itunesGoogle Podcasts: http://badco.in/googleSpotify: http://badco.in/spotify FOLLOW US ON SOCIAL MEDIA: Twitter: @badcryptopod - @joelcomm - @teedubyaFacebook: /BadCrypto - /JoelComm - /teedubyawFacebook Mastermind Group: /BadCryptoLinkedIn: /in/joelcomm - /in/teedubyaInstagram: @BadCryptoPodcastEmail: badcryptopodcast[at]gmail[dot]comPhone: SEVEN-OH-8-88FIVE- 90THIRTY TIME STAMPS 00:00 - Intro  09:30 - Feature Guest: CZ at Binance 09:52 - What is the process now for getting a coin listed on Binance?  11:50 - We heard you hate ICOs. Do you not like putting ICOs on there?  12:50 - CZ’s background. When you were evaluating the exchange space in 2016-2017, what made you say this was missing from the market and this is where you were going to focus your efforts?  15:40 - Do you trade in about 180 different countries? How do you manage the regulations in those different countries?  17:03 - We are all about teaching regular people about crypto because we want to see mass adoption of this revolutionary technology that is going to change the world. What do you think is going to be the watershed moment for crypto?  18:55 - CZ’s Twitter usage 20:58 - The future of Binance 22:38 - What do you think created the mass adoption of Binance?  23:36 - One of the most secure crypto exchanges  24:25 - One of the features I really like is the sweep of small balances, trace amounts of coins and being able to convert them to BNB. Explanation of the use of the native BNB coin. 26:27 - What is your vision for the growth of Binance and its impact on crypto adoption in the next 20 years?  28:34 - What about a Binance app or mobile interface?  29:00 - What about the Binance Decentralized Exchange? How does it work with the centralized exchange?  32:25 - The BitTorrent token sale was a huge success on Binance’s launchpad. You Tweeted there were issues on the ICO for the BitTorrent token. Do you really think it would have sold out in under a minute? 35:00 - Binance did an ICO.  35:50 - Speak to the future of crypto; where do you think the world is going and how is blockchain going to change everything?  38:00 - Closing remarks DISCLAIMER:Do your own due diligence and research. Joel Comm and Travis Wright are NOT FINANCIAL ADVISORS. We are sharing our journey with you as we learn more about this crazy little thing called cryptocurrency. We make NO RECOMMENDATIONS. Don't take anything we say as gospel. Do not come to our homes with pitchforks because you lost money by listening to us. We only share with you what we are learning and what we are investing it. We will never "pump or dump" any cryptocurrencies. Take what we say with a grain of salt. You must research this stuff on your own! Just know that we will always strive for RADICAL TRANSPARENCY with any show associations.Support the show: https://badcryptopodcast.comSee omnystudio.com/listener for privacy information.
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Sep 29, 2022 • 1h 17min

Best of The Bad Crypto Podcast: William Quigley of WAX on Blockchain Gaming, Digital Collectibles, and E-Commerce in web3

Best of The Bad Crypto Podcast continues with a replay of Episode 279 with William Quigley of WAX blockchain. Great nuggets of information here explaining the efficiency of the WAX blockchain, the market for trading digital and in-game assets with true digital ownership opportunities versus licensing game items from game publishers, and the impacts of physical to digital good NFT certificates of ownership will change e-commerce.  If you aren’t into gaming, you might not be aware that every year millions of people buy, sell and trade virtual items online. In-game currency, virtual weapons or armor and character skins are some just of the digital items that people buy with real-world currency. The Worldwide Asset eXchange gives people access to a global community of collectors and traders, buyers and sellers, creators and gamers, merchants, dApp creators, and game developers. Today we welcome William Quigley of WAX to the show to discuss this powerful platform. And we also welcome back Adam Williams of Evolv Events to talk about World Crypto Con in Las Vegas. That’s right, we’ll be heading to the Cosmopolitan hotel the last week of October to perform Bad Crypto Live once again. You won’t want to miss it. It’s time for a waxing.. Just not a brazilian, on episode #279 of The Bad Crypto Podcast. FULL SHOW NOTES: badco.in/279 TIME STAMPS 00:00 Intro05:00 - Featured Guest: William Quigley, CEO of WAX (World Wide Asset Exchange)07:00 - Give us an overview of the virtual goods world.  12:50 - What kinds of skins are available on WAX? My kids like Fortnite; are those skins available on WAX?  13:26 - Blockchain gaming as a gateway for early adoption.  14:54 - We initially launched our blockchain based skin trading on Ethereum, but the transaction speeds and the cost of Ethereum was uneconomical.  16:00 - Digital asset ownership. 16:27 - I’m looking at OpSkins right now and see people are buying things. I’m wondering just how much business is taking place through this site; are people buying stuff every second of every day?  17:40 - I see people buying things for fiat currency, but I also see the option for WAX XPRESS TRADE. Is that where the blockchain part comes in here with the token?  19:26 - WAX blockchain efficiency. 21:13 - Trading in-game items is a multi-billion dollar business globally.  21:50 - Increased adoption through ease of onboarding and UX/UI.  28:40 - Evaluating the number of transactions on a blockchain to determine its efficiency.  31:24 - WAX is built for commercial scale  34:30 - Physical to digital items  36:16 - Tokenization and use cases of blockchain for digital twin trading 42:00 - What if you have a pair of shoes you’ve tokenized or whatever and I want to actually own the physical item?  43:03 - You’ve worked on over 40 different blockchain projects. I want to talk about Tether. Eventually the US Dollar is going to crash, so what happens to Tether then? Can we have a Tether pegged to gold as an asset?  46:00 - Creating digital twins of physical products will appeal to every consumer product market.  47:33 - Share how I would stake on WAX and what I would get if I did.  51:38 - Travis, you can tokenize your shoes, Travis! We will see - in the next 5 years - there will be a massive number of traded NFTs and digital items and it will be a bigger and bigger part of e-commerce.  53:50 - End of Feature Guest Interview  56:18 - World Crypto Con Las Vegas coverage  1:13:00 -  Closing remarks  SUBSCRIBE, RATE, & REVIEW: Apple Podcast: http://badco.in/itunesGoogle Podcasts: http://badco.in/googleSpotify: http://badco.in/spotify FOLLOW US ON SOCIAL MEDIA: Twitter: @badcryptopod - @joelcomm - @teedubyaFacebook: /BadCrypto - /JoelComm - /teedubyawFacebook Mastermind Group: /BadCryptoLinkedIn: /in/joelcomm - /in/teedubyaInstagram: @BadCryptoPodcastEmail: badcryptopodcast[at]gmail[dot]comPhone: SEVEN-OH-8-88FIVE- 90THIRTY DISCLAIMER:Do your own due diligence and research. Joel Comm and Travis Wright are NOT FINANCIAL ADVISORS. We are sharing our journey with you as we learn more about this crazy little thing called cryptocurrency. We make NO RECOMMENDATIONS. Don't take anything we say as gospel. Do not come to our homes with pitchforks because you lost money by listening to us. We only share with you what we are learning and what we are investing it. We will never "pump or dump" any cryptocurrencies. Take what we say with a grain of salt. You must research this stuff on your own! Just know that we will always strive for RADICAL TRANSPARENCY with any show associations.Support the show: https://badcryptopodcast.comSee omnystudio.com/listener for privacy information.
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Sep 26, 2022 • 1h 11min

The Best of Bad Crypto Podcast: Andreas Antonopoulos - Crypto and Blockchain Explained for Everyone

No person has been more requested as a guest for this show than Andreas Antonopolous. An incredible thinker with a passion for blockchain technology, Andreas has become one of the most trusted names in the industry.  Today we’re pleased to welcome Andreas to the show to answer a bunch of questions, both from us and from listeners to this show.  It’s a jam-packed conversation and you aren’t going to want to miss a beat. In fact, you may want to listen to it twice and pass it on to a friend who doesn’t quite yet get blockchain. Saddle up, buckaroos. Andreas Antonopolous is in the house for episode #244 of The Bad Crypto Podcast.  Full Show Notes at: http://badco.in/244 SUBSCRIBE, RATE, & REVIEW: Apple Podcast: http://badco.in/itunesGoogle Podcasts: http://badco.in/googleSpotify: http://badco.in/spotify FOLLOW US ON SOCIAL MEDIA: Twitter: @badcryptopod - @joelcomm - @teedubyaFacebook: /BadCrypto - /JoelComm - /teedubyawFacebook Mastermind Group: /BadCryptoLinkedIn: /in/joelcomm - /in/teedubyaInstagram: @BadCryptoPodcastEmail: badcryptopodcast[at]gmail[dot]comPhone: SEVEN-OH-8-88FIVE- 90THIRTY DISCLAIMER:Do your own due diligence and research. Joel Comm and Travis Wright are NOT FINANCIAL ADVISORS. We are sharing our journey with you as we learn more about this crazy little thing called cryptocurrency. We make NO RECOMMENDATIONS. Don't take anything we say as gospel. Do not come to our homes with pitchforks because you lost money by listening to us. We only share with you what we are learning and what we are investing it. We will never "pump or dump" any cryptocurrencies. Take what we say with a grain of salt. You must research this stuff on your own! Just know that we will always strive for RADICAL TRANSPARENCY with any show associations.Support the show: https://badcryptopodcast.comSee omnystudio.com/listener for privacy information.
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Sep 22, 2022 • 54min

The Best of The Bad Crypto Podcast: John McAfee

We revisit our first interview with the legendary John McAfee with a replay of Episode #100 of The Bad Crypto Podcast.  There is no one in the blockchain space more controversial than John McAfee. Once the founder of a software company that he now disowns, John has a rap sheet that’s longer than his biography. Some people love him. Some people hate him. And there’s probably a few people who don’t know who he is. But you are about to embark on a journey into the mind of a true internet pioneer and blockchain enthusiast. The episode is rife with language and content which may offend your sensibilities. John said we could ask him absolutely anything, so we did.  Tell your children to go play outside, because it’s the no-holds barred, completely raw and uncensored episode #100 of The Bad Crypto Podcast.   FULL SHOW NOTES: badco.in/100 TIME STAMPS0:00 - Intro - PARENTAL ADVISORY 04:38 - John McAfee on The Bad Crypto Podcast 05:40 - Everyone wants to know about your member and how you’re going to prepare it.  06:30 - You know how the mining is working in Bitcoin, yes?  08:10 - Is everything that is happening right now purely market manipulation suppression? Are there other forces at work?  09:04 - Who benefits from chaos in the crypto market? Governments and banks.  13:10 - The conversations being had in Washington, D.C. about the ways to view cryptocurrency. New companies involved in cryptocurrency are leaving the United States. What can we do as Americans to ensure all of this innovation doesn’t leave us with the placement of regulations?  16:19 - You are regularly touting various coins on the Twitters. There are people who are accusing you of pumping and dumping stuff. Tackle the subject of coin promotion.  19:30 - I do not want people - at my age - telling me what I can and cannot do with my own body and mind. My body my choice.  20:18 - What scares me is the people who do not invest in cryptocurrency live like sheep.  22:05 - Governments are salivating at the opportunity to release their own cryptocurrencies and continue the control of the populations.  22:42 - Lambos are the worst goddman cars in the world.  23:00 - Cryptocurrency does not belong to a country or government; it belongs to the individual, giving individuals the power to escape the prison we’ve been in for 2000 years.  23:26 - No one knows who Satoshi Nakamoto is. There is a really interesting white paper from 1996 on MIT that says, “how to make a mint”. From your perspective, do you think Satoshi Nakamoto was an entity or do you think it was potentially the NSA that created these cryptocurrencies?  24:40 -  We had Tone Bez on the show who does technical analysis. He loves Bitcoin and like others says the other coins out there are scams. What do you think about this?  28:43 - What has to happen for mass adoption of these blockchain technologies? How do we reach critical adoption when most people are sheep?  29:50 - Lightning round of questions.  31:26 - You had a great presentation in 2017 and talked about mobile phones and how they’re so treacherous. We know there are vulnerabilities in iOS and Android. I think what you said was really valuable for people to think about. What would you tell people about keeping their crypto on their mobile phones?  35:06 - We know you are friends with Jihan. People want to know if you’re involved in crypto mining.  37:58 - You’re building the McAfee Coin, right? On the Universa blockchain? Can you tell us about this?  40:06 - How do you get new users? Take the wallet concept and throw it away…  45:52 - One final question. You’ve dropped a lot of thought bombs. One of the things is that data is such a valuable resource now and blockchain is about securing data. What are your concerns about blockchain technology and its security?  49:32 - Outro  SUBSCRIBE, RATE, & REVIEW: Apple Podcast: http://badco.in/itunesGoogle Podcasts: http://badco.in/googleSpotify: http://badco.in/spotify FOLLOW US ON SOCIAL MEDIA: Twitter: @badcryptopod - @joelcomm - @teedubyaFacebook: /BadCrypto - /JoelComm - /teedubyawFacebook Mastermind Group: /BadCryptoLinkedIn: /in/joelcomm - /in/teedubyaInstagram: @BadCryptoPodcastEmail: badcryptopodcast[at]gmail[dot]comPhone: SEVEN-OH-8-88FIVE- 90THIRTY DISCLAIMER:Do your own due diligence and research. Joel Comm and Travis Wright are NOT FINANCIAL ADVISORS. We are sharing our journey with you as we learn more about this crazy little thing called cryptocurrency. We make NO RECOMMENDATIONS. Don't take anything we say as gospel. Do not come to our homes with pitchforks because you lost money by listening to us. We only share with you what we are learning and what we are investing it. We will never "pump or dump" any cryptocurrencies. Take what we say with a grain of salt. You must research this stuff on your own! Just know that we will always strive for RADICAL TRANSPARENCY with any show associations.Support the show: https://badcryptopodcast.comSee omnystudio.com/listener for privacy information.
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Sep 19, 2022 • 51min

The Best of The Bad Crypto Podcast: Brad Garlinghouse, CEO of Ripple

This is a Best of Bad Crypto Podcast replay while Sir Lord Travis and Sir Lord Joel are on vacation. We harken back to Episode #067, which originally aired on January 3, 2018 with guest Brad Garlinghouse, CEO of Ripple. The price of Ripple at that time was around $0.80 to $0.90; now is it around $0.30. Right now in 2022, there is an SEC case against Ripple. We are interested in seeing the outcome of the SEC case and its impact on the cryptocurrency industry and its adoption.  More than three billion people are now connected online. But the payment infrastructure is still stuck in the 20th century. The people at Ripple hope to change that by creating the world’s only enterprise system for global payments.  And today, we welcome the CEO of Ripple.com, Brad Garlinghouse to the program. It’s a fascinating discussion about all things blockchain, as well as XRP, the cryptocurrency which has seen a rapid rise over the past month.  Let’s dig in with the token that holds the #4 spot in crypto market cap by getting answers directly from the top.  It’s episode #67 of The Bad Crypto Podcast.  FULL SHOW NOTES: http://badco.in/067 We also interviewed Ripple CTO David Schwartz in Episode #538 if you want more Ripple coverage. badco.in/538 TIME STAMPS:  00:00 - Intro 05:00 - The show has passed 1 million downloads (by episode #067; pretty decent!) 07:00 - Bad Crypto Inbox and Mail  07:05 - How do I keep my crypto in cold storage safe from fire, natural disaster, theft, etc.?  10:00 - I bought Bitcoin for Christmas presents, and now I don’t want to give it up. What do I do?  11:32 - FEATURED GUEST - Brad Garlinghouse of Ripple 13:55 - Tell us about your background and what brought you to Ripple.  15:10 - Travis and Brad have some things in common because they both attended the University of Kansas; Rock Chalk Jayhawk. What is your favorite Jayhawk moment? 15:50 - Ripple has a more centralized nature to it than other cryptocurrencies. What was the thought  18:30 - Roger Ver just Tweeted something where he quoted Milton Freedman who said, “you should want more insider trading, not less” and tweeted at Bob Murphy Econ who said there shouldn’t even be an SEC. The context being what just happened recently with Bitcoin Cash being sprung onto Coinbase. What are your thoughts on that?  19:50 - Let’s set a foundation here, just in case people don’t know what Ripple is. Can you explain what Ripple and XRP are, what does it do, and why does it have value?  22:05 - I’ve traded with alot of cryptos, and I notice that Ripple and Stellar Lumens and BitShares are smoking fast with their transactions. The payments are so quick, and with some of the other blockchains their transaction speeds are not fast. Why is Ripple so fast when you come with these global payments?  25:02 - Ripple has had an interesting ride the last couple of weeks, around 0.25 per token. The circulation on them is approaching 39 bln, but the total supply is closer to 100 bln. What is with the 55 bln in lock-up, in escrow?  27:13 - Is that supply schedule public somewhere, because that would answer a lot of questions.  28:00 - The coin, XRP, is that intended for day-to-day use by individuals to hold and trade, retail payments, or was it designed solely as a system to facilitate long distance fiat transfers for banks?  30:00 - One of our earliest episodes, we interviewed Jedd McCaleb (an early founder of Ripple). Jedd was covering Stellar Lumens, which just announced a really big deal with IBM and people want to know when we are going to get the household name announcement from Ripple?  32:11 - The value of XRP, how does it impact the Ripple protocol? Does the higher price of XRP reflect higher adoption or utilization? As Ripple increases in value, are those transaction costs going to increase like they did with Bitcoin?  34:15 - No one has a crystal ball, but you get to speak with banks around the world. When do you see a complete flippening happening from fiat to crypto with mass adoption?  36:30 - There are a lot of different banks in the world; do you see Wells Fargo, for example, making their own cryptos using the Ripple protocol, or do you see XRP being the coin used?  37:57 - Would you follow the same premise with countries creating their own cryptocurrencies?  38:52 - Speaking of yen, there is rumor Ripple is being used between Korean and Japanese banks. Is that just rumor or truth?  39:35 - Three part question, but not even a statement, the question is inherent. The word is: Coinbase.  40:11 - From a Bad Crypto Podcast Facebook Group member: Have you tried or do you like Cheddar Bacon Mac N Cheese Lays potato chips?  40:27 - Is it a goal of the company to replace SWIFT as a payment mechanism?  41:55 - There are some really cool tokens that are popping up, but it is very slow for them to get on the cryptocurrency exchanges. What are your experiences with getting listed on some of these changes and what are some of the costs associated with being listed?  43:41 - Do you see the Fed eventually coming out with a coin or making certain crypto illegal to hold here in the United States?  45:00 - With the value of the dollar falling, the real ponzi scheme some would say is fiat money.  46:28 - Bitcoin was originally going to be the panacea for all digital assets. I think Bitcoin does solve a problem; it is a store of value, it is digital gold.  47:18 - Where does B-Cash play into this, then?  48:45 - Outro SUBSCRIBE, RATE, & REVIEW: Apple Podcast: http://badco.in/itunesGoogle Podcasts: http://badco.in/googleSpotify: http://badco.in/spotify FOLLOW US ON SOCIAL MEDIA: Twitter: @badcryptopod - @joelcomm - @teedubyaFacebook: /BadCrypto - /JoelComm - /teedubyawFacebook Mastermind Group: /BadCryptoLinkedIn: /in/joelcomm - /in/teedubyaInstagram: @BadCryptoPodcastEmail: badcryptopodcast[at]gmail[dot]comPhone: SEVEN-OH-8-88FIVE- 90THIRTY DISCLAIMER:Do your own due diligence and research. Joel Comm and Travis Wright are NOT FINANCIAL ADVISORS. We are sharing our journey with you as we learn more about this crazy little thing called cryptocurrency. We make NO RECOMMENDATIONS. Don't take anything we say as gospel. Do not come to our homes with pitchforks because you lost money by listening to us. We only share with you what we are learning and what we are investing it. We will never "pump or dump" any cryptocurrencies. Take what we say with a grain of salt. You must research this stuff on your own! Just know that we will always strive for RADICAL TRANSPARENCY with any show associations.Support the show: https://badcryptopodcast.comSee omnystudio.com/listener for privacy information.
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Sep 15, 2022 • 44min

The Best of The Bad Crypto Podcast: Travis Gets Hacked - Episode #041

We're sharing our best shows from the last five years as Joel and Travis take a break from broadcasting new content for the crypto curious and the crypto serious. In 2017, Travis experienced a cell phone SIM hack perpetrated by security vulnerabilities at his wireless carrier, social engineering, and use of technology know-how to execute the nefarious hack.  Your cell phone number is more public and connected to more private, personal information than your social security number. To protect yourself from potential attacks, be sure to enable two-factor authentication on all of your email, banking, and social media accounts and store your cryptocurrency moonbags on cold storage wallets. In Episode #633, we had guest Haseeb Awan of Efani share their unswappable SIM technology and encourage listeners to revisit that episode. We have a SPECIAL OFFER of one month of Efani phone service FREE to Bad Crypto Podcast listeners.  http://badco.in/633FULL SHOW NOTES: http://badco.in/041 TIME STAMPS: 00:00 - Intro - Warning, explicit content as Travis expresses his feelings about getting hacked.  02:40 - Bad Crypto voicemails - we answer listeners’ questions, but Do Your Own Research and Not Financial Advice 08:20 - Top News Stories, dated October 25, 2017 16:16 There are some ICOs that are not really that awesome. If they look like a shitcoin, and they smell like one, don’t invest in it. Blockchain is going to be a major industry disrupter.  17:43 - James Altuchair, author of Cryptocurrency 101, says he thinks cryptocurrencies are the biggest innovation since the Internet. We are on the ground floor of an enormous trend that is going to change the world.  19:38 - Travis hypothesizes on the tokenization of natural resources.  23:22 - Feature story: Travis gets hacked 23:30 - Travis noticed his iPhone didn’t have cell phone service, only WiFi. Alerts for an Apple ID passcode were popping up, followed by a text message from a T-Mobile representative.  24:45 - Skype call to T-Mobile for assistance. The hacker circumvented Travis’ passcode and his PIN. Convinced the representative via social engineering to SIM swap Travis’ account.  26:20 What’s the resolution to this situation?  31:40 - Remove your cryptocurrency from exchanges to cold storage.  34:16 - Some vengeance was had; Travis found the hacker via the “Find My iPhone” device location connectivity on the hacker’s phone. 35:49 - I was the Global Digital Strategist for Semantic for the Norton Brand. I know how to operate safely online and I did all the right things. The weakest link in my security aside from not having 2FA on my Apple ID and Gmail accounts, was the account representative at T-Mobile susceptible to human engineering.  37:12 - I would love to hear their CEO at T-Mobile to speak on this security issue. But here’s the lesson, lock down your stuff, use two-factor authentication at all times. 37:46 - Would it be safe to say the FBI would be interested in looking at what this person did? I believe there’s at least one felony count in what this person did.  38:17 - What if this person emails you and owns up to it, and has some sort of promise to never do this again? It would be nice to see somebody set straight before they were arrested.  38:36 - Go ahead and email us at badcryptopodcast@gmailcom; maybe if you show some remorse, all this evidence I have against you won’t be shared to the authorities. All this bad karma comes back around to you, dude.  39:20 - If some of these people would just use their skills to do good in the world, imagine how much better off we would be.  40:00 - Lock down your social media accounts to a reasonable amount of security and data sharing with these companies. Turn on your 2FA for Twitter, Facebook, Instagram.  40:22 - If you’re in crypto and you're not securing things with 2FA, you’re in for some heartache. If it can happen to me, it can happen to anyone. One of the best solutions is to maybe actually get a burner phone and a pre-paid SIM card and you don’t give that number to anyone and you use it solely for 2FA on that device. 41:50 - Outro SUBSCRIBE, RATE, & REVIEW: Apple Podcast: http://badco.in/itunesGoogle Podcasts: http://badco.in/googleSpotify: http://badco.in/spotify FOLLOW US ON SOCIAL MEDIA: Twitter: @badcryptopod - @joelcomm - @teedubyaFacebook: /BadCrypto - /JoelComm - /teedubyawFacebook Mastermind Group: /BadCryptoLinkedIn: /in/joelcomm - /in/teedubyaInstagram: @BadCryptoPodcastEmail: badcryptopodcast[at]gmail[dot]comPhone: SEVEN-OH-8-88FIVE- 90THIRTY   DISCLAIMER:Do your own due diligence and research. Joel Comm and Travis Wright are NOT FINANCIAL ADVISORS. We are sharing our journey with you as we learn more about this crazy little thing called cryptocurrency. We make NO RECOMMENDATIONS. Don't take anything we say as gospel. Do not come to our homes with pitchforks because you lost money by listening to us. We only share with you what we are learning and what we are investing it. We will never "pump or dump" any cryptocurrencies. Take what we say with a grain of salt. You must research this stuff on your own! Just know that we will always strive for RADICAL TRANSPARENCY with any show associations.Support the show: https://badcryptopodcast.comSee omnystudio.com/listener for privacy information.

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