BitBoy Crypto News Podcast

This week in the world of cryptocurrency there were many stories involving scams… particularly SIM card swapping hacks. Ben and Bethany discuss the importance of security and how to stay safe from one of these hacks. Some scammers have resorted to bullying and threatening people in order to steal their crypto. As technology continues to advance, where will low level criminals who resort to violence find ways to steal crypto from people?

 

Along with SIM card swapping, there is also a new scam on YouTube where YouTubers buy accounts with high subscriber numbers and then try to get viewers to send them crypto in order to receive a larger amount. Even though it seems like these scams could not possibly work, they must be working because scammers continue to use those methods. Make sure to stay safe and up to date on all of the latest security measures. When it comes to “being your own bank”, users are also responsible for the security!

One of the most common acronyms in cryptocurrency is DYOR which stands for Do Your Own Research. While YouTubers & other people in blockchain preach this idea, it seems like most people would prefer to simply watch 5 YouTube videos and then do what they say. But doing your own research is actually much deeper than that.

In this episode, Ben & Bethany explore what is happening around the world when it comes to cryptocurrency by giving an overview of what is happening in each continent around the world. In North America, the United States is leading the charge which was detailed in the last episode. In South America, many countries are either in crisis or heading to a crisis.

Today’s episode is broken down into three different categories. The 3 categories for crypto in America are the media, government, & the future. The mainstream news media seems to run stories that show the craziness & wild side of cryptocurrency. The media also drives the narrative that cryptocurrency is attached to the dark web.

Many times people assume that unless the price of crypto is going up that there is not big news going on. However, there are always brand new developments in cryptocurrency that are extremely interesting. Behind the scenes, big things are happening. The groundwork for a new future is being laid right now. When you take some of the bigger picture stories & start unraveling them, you will see how many important things are happening right now.

Decentralization has the power to change the way that the internet works. As of right now, anyone who works at a centralized company could get all of your data. This is why hackers are successful. In a decentralized system, user data is not stored in one place. The data is broken up in a way where it cannot be stolen or hacked.

Ben and Bethany discuss what blockchain is and how it will change the future. While neither Ben nor Bethany have a background in technology, they provide listeners with a non-techy understanding of blockchain. Blockchain is a way of storing date in connected digital blocks.

Bitcoin was the first cryptocurrency and was created by Satoshi Nakamoto. Satoshi’s true identity has still not been revealed 10 years later. Bitcoin was originally created to be a peer to peer electronic cash system. This was detailed in the Bitcoin White Paper which was a blueprint for Bitcoin

In this episode, listeners are introduced to the hosts Ben & Bethany. Ben talks about how he got invested into Bitcoin. He discusses his professional background along with many of his experiences with online businesses. Ben is dedicated to cryptocurrency and has bet his career on it. Bethany gives her educational background and talks about her love for reading. She discusses what she first thought when Ben invested into cryptocurrency and also when he decided to go full time crypto.

Co-hosts Ben & Bethany discuss why they decided to start the BitBoy Crypto News Podcast. The format of the show will be a weekly podcast where the top news stories of the week are revealed & discussed. Crypto news is very important and can have a profound impact on the cryptocurrency markets. We are on the very front end of a massive technological wave that will change all of our lives forever. However, just like every other time in history, there will be many roadblocks in the way.