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 Intro

05:00 - 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/itunes
Google Podcasts: http://badco.in/google
Spotify: http://badco.in/spotify

FOLLOW US ON SOCIAL MEDIA:

Twitter: @badcryptopod - @joelcomm - @teedubya
Facebook: /BadCrypto - /JoelComm - /teedubyaw
Facebook Mastermind Group: /BadCrypto
LinkedIn: /in/joelcomm - /in/teedubya
Instagram: @BadCryptoPodcast
Email: badcryptopodcast[at]gmail[dot]com
Phone: 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.com

See omnystudio.com/listener for privacy information.

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/itunes
Google Podcasts: http://badco.in/google
Spotify: http://badco.in/spotify

FOLLOW US ON SOCIAL MEDIA:

Twitter: @badcryptopod - @joelcomm - @teedubya
Facebook: /BadCrypto - /JoelComm - /teedubyaw
Facebook Mastermind Group: /BadCrypto
LinkedIn: /in/joelcomm - /in/teedubya
Instagram: @BadCryptoPodcast
Email: badcryptopodcast[at]gmail[dot]com
Phone: 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.com

See omnystudio.com/listener for privacy information.

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 STAMPS

0:00 - 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/itunes
Google Podcasts: http://badco.in/google
Spotify: http://badco.in/spotify

FOLLOW US ON SOCIAL MEDIA:

Twitter: @badcryptopod - @joelcomm - @teedubya
Facebook: /BadCrypto - /JoelComm - /teedubyaw
Facebook Mastermind Group: /BadCrypto
LinkedIn: /in/joelcomm - /in/teedubya
Instagram: @BadCryptoPodcast
Email: badcryptopodcast[at]gmail[dot]com
Phone: 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.com

See omnystudio.com/listener for privacy information.

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/itunes
Google Podcasts: http://badco.in/google
Spotify: http://badco.in/spotify

FOLLOW US ON SOCIAL MEDIA:

Twitter: @badcryptopod - @joelcomm - @teedubya
Facebook: /BadCrypto - /JoelComm - /teedubyaw
Facebook Mastermind Group: /BadCrypto
LinkedIn: /in/joelcomm - /in/teedubya
Instagram: @BadCryptoPodcast
Email: badcryptopodcast[at]gmail[dot]com
Phone: 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.com

See omnystudio.com/listener for privacy information.

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/633

FULL 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/itunes
Google Podcasts: http://badco.in/google
Spotify: http://badco.in/spotify

FOLLOW US ON SOCIAL MEDIA:

Twitter: @badcryptopod - @joelcomm - @teedubya
Facebook: /BadCrypto - /JoelComm - /teedubyaw
Facebook Mastermind Group: /BadCrypto
LinkedIn: /in/joelcomm - /in/teedubya
Instagram: @BadCryptoPodcast
Email: badcryptopodcast[at]gmail[dot]com
Phone: 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.com

See omnystudio.com/listener for privacy information.

Picture this scenario. You wake up in the morning, pick up your cell phone and discover you have no service provider. You have been sim-jacked, with all info connected to your phone number in the hands of a thief. Bank accounts, email and crypto accounts are all vulnerable. It happened to Travis and it happens every day to unsuspecting mobile users.

Today we welcome Haseeb Awan of Efani to the show to discuss how to protect yourself from being sim-jacked. If you think it can’t happen to you, you may be in for a rude awakening on our protect yourself before you wreck yourself episode #633 of The Bad Crypto Podcast.

Full Show Notes at: http://badco.in/633

AFFILIATE LINK TO GET EFANI SERVICE: http://badco.in/swap

SUBSCRIBE, RATE, & REVIEW:

Apple Podcast: http://badco.in/itunes
Google Podcasts: http://badco.in/google
Spotify: http://badco.in/spotify

FOLLOW US ON SOCIAL MEDIA:

Twitter: @badcryptopod - @joelcomm - @teedubya
Facebook: /BadCrypto - /JoelComm - /teedubyaw
Facebook Mastermind Group: /BadCrypto
LinkedIn: /in/joelcomm - /in/teedubya
Instagram: @BadCryptoPodcast
Email: badcryptopodcast[at]gmail[dot]com
Phone: 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.com

See omnystudio.com/listener for privacy information.

The cryptocurrency world is a lot like the wild, wild west. Pioneers and trailblazers are breaking new ground to serve humanity. All the while, scalliwags and ne’er-do-wells are seizing the opportunity to exploit those courageous enough to venture down the path. 

There are incredible tales both of untold wealth and unfathomable loss as the crypto story is still being written. One of these tales was thoroughly documented by author, Jamie Bartlett. His book, THE MISSING CRYPTOQUEEN: The Billion Dollar Cryptocurrency Con and the Woman Who Got Away with It, is a wild, true crime tale that you must hear about. 

Tales such as this prompt us to seek solutions, and as a victim of crypto theft himself, Jamie has thoughts on how regulation might curb at least some of the criminal behavior. He joins us today to discuss all this and more on episode #632 of The Bad Crypto Podcast. 

FULL SHOW NOTES: badco.in/632 

TIME STAMPS:

00:00 - Intro

05:17 - We feel like the best podcasts tell the best stories. As the author of multiple books, your newest one is called The Missing Cryptoqueen: The Billion Dollar Cryptocurrency Con and the Woman Who Got Away with It. Tell us more. 

05:56 - In 2014, Dr Ruja Ignatova says she has launched the next revolutionary cryptocurrency, better than Bitcoin, using multi-level marketing. As a highly credentialed financial and legal professional, Dr. Ruja scammed millions in the crypto community of about $4bln in OneCoin. 

09:23 - It was the second biggest crypto in 2016, right? Bigger than Ethereum? Not exactly…

12:00 - Did she know it was a scam? 

13:18 - The unraveling of the scheme and Dr. Ruja’s disappearance. 

14:50 - Is there a screenplay of this story? A biopic? A Netflix series in the works? 

15:50 - OneCoin was never listed on exchanges; the only place people could buy or sell was through the official website via multi-level marketing. 

16:44 - How the OneCoin cryptocurrency multi-level marketing approach scammed millions of crypto novice people in a nascent industry.  

18:32 - How did OneCoin work? 

26:38 - Are we any closer to finding Dr. Ruja? What do you think has happened? Has she gone off and gotten plastic surgery, dropped weight, dyed her hair? 

29:00 - Why is that your theory of her whereabouts? 

30:46 - You wrote a book called The People vs Tech, which won the Orwell Prize and others. What can you say about the state of Big Tech right now versus the People, ‘cause it is not looking very good for team us? 

32:23 - Do you regularly seek out other scams to help warn people, or did this just catch your attention to pursue and write about this? 

38:28 - Is one-coin.org still the same OneCoin, or is there another? This is funny… 

39:50 - If you see Dr. Ruja out, please report. 

40:30 - What are you working on now?

41:15 - Outro

SUBSCRIBE, RATE, & REVIEW:

Apple Podcast: http://badco.in/itunes
Google Podcasts: http://badco.in/google
Spotify: http://badco.in/spotify

FOLLOW US ON SOCIAL MEDIA:

Twitter: @badcryptopod - @joelcomm - @teedubya
Facebook: /BadCrypto - /JoelComm - /teedubyaw
Facebook Mastermind Group: /BadCrypto
LinkedIn: /in/joelcomm - /in/teedubya
Instagram: @BadCryptoPodcast
Email: badcryptopodcast[at]gmail[dot]com
Phone: 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.com

See omnystudio.com/listener for privacy information.

My name is Max. Max Pain. And in case you are wondering if the crypto world has encountered me yet? Some say yes. But some say no. What we know for sure is that Michael Saylor may be in trouble for tax fraud, Crypto.com accidentally transferred more than $10 million dollars to a customer, and Samsung hopes to open a crypto exchange in Korea next year. 

There are predictions and prognostications on what happens next with Bitcoin and the crypto market from experts, so-called experts and wanna-be experts. All I can tell you is you don’t want to meet me in a dark alley behind the exchange. You’re better off meeting those clowns from that horrible podcast. Take your chances with Joel and Travis on this bad news episode #631 of The Bad Crypto Podcast.

Full Show Notes at: badco.in/631

Time Stamps: 

00:00 Intro 
03:40 Crypto market cap
05:00 - What’s the Bitcoin magic number? 
06:15 - Bitcoin could become a zero emission network, according to a report. How much does it cost to print printing press money, when printing presses go “brrrrrrr” and print money out of thin air? 
07:05 - Harnessing stranded methane gas into mining power. Basically, when they can siphon cow farts, Bitcoin will be carbon neutral. 
08:23 - Travis read that by the year 2046 - like every 12,068 years there is some sort of big massive die-off on the planet - and we’re 24 or 26 years away from that. But how can you even determine that? How do you know? 
09:00 - There’s a link I followed from that story in the show notes; banking uses 56x more energy than Bitcoin, exposing the banking system as energy hungry, demonstrating Bitcoin is better for the planet and offers a million times more efficiency than the regular banking system. 
11:11 - Travis shares his real life human 404 error experience with his car registration and tire repair in Puerto Rico; an example of the inefficiency of government. 
13:04 - Bitcoin expert price predictions; depending on who you speak with. What are the things that are causing Bitcoin’s price movement? Well, the Federal Reserve, inflation, money printing. 
14:04 - Bitcoin hasn’t been over $50k since Christmas 2021. BUT Bitcoin is still twice as valuable as it was two years ago. 
14:43 - Crypto goes up, crypto goes down.

All the news links in the FULL SHOW NOTES: badco.in/631

SUBSCRIBE, RATE, & REVIEW:

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Google Podcasts: http://badco.in/google
Spotify: http://badco.in/spotify

FOLLOW US ON SOCIAL MEDIA:

Twitter: @badcryptopod - @joelcomm - @teedubya
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LinkedIn: /in/joelcomm - /in/teedubya
Instagram: @BadCryptoPodcast
Email: badcryptopodcast[at]gmail[dot]com
Phone: 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.com

See omnystudio.com/listener for privacy information.

Ethereum is the second biggest thing in crypto, and it may one day flip Bitcoin in market cap. But the big news around Vitalik’s creation is the upcoming switch from proof-of-work to proof-of-stake. We have questions and concerns about this major change in how the Ethereum chain will operate. 

So today we welcome Matt Cutler of Blocknative to the show to answer all our questions about the Ethereum merge. Someone call 911 because it’s an Ethmergency on episode #630 of The Bad Crypto Podcast.

Full Show Notes at: 

00:00 - Intro - Twitter and jokes; don’t miss

08:02 - Matt Cutler, CEO of Blocknative

08:43 - A pre-chan internet? Is that possible? Matt gives his history in the technology space

09:40 - What is Blocknative? 

11:03 - When did you get on board with blockchain and crypto? 

12:25 - Early introduction to the Internet, and a comparison to the current early cryptocurrency market and adoption. 

14:18 - What’s broken with Ethereum that we even need to move from POW to POS? 

15:12 - We need more scalability for transactions beyond the current 13-14 transactions per second. Matt explains. 

16:50 - In order to get to a future state without sacrificing decentralization, Ethereum determined it would be best to move from POW to POS. 

17:25 - In a POW system, you need to operate computers to solve problems on the network, which also require large amounts of energy to operate. Externalities include the conversion of cryptocurrency to fiat to afford operating the system. These are problems proof-of-stake can solve.

18:45 - Reduced energy impact of operating the network is a benefit.

19:45 - What is the easiest, dumbed down way to explain the Ethereum Merge? 

22:28 - What are we going to see? Are we going to see lower gas fees? 

24:48 - Is there going to be a time where the Ethereum miners are going to be upset and earning less money? Will that cause people to flock to Ethereum Classic?

28:51 - Miles Sudor makes the case this merge is extremely dangerous for some of the reasons you mentioned, including UDC basically decides which chain wins and which chain loses. All of this introduces due to the OFAC regulation that base layer protocol censorship would be introduced on Ethereum, meaning very centralized crypto, which is not what Ethereum was intended to be. What are your thoughts on that? 

36:41 - According to my research, there are over 4,000 ERC-20 tokens. What about those tokens? Will the Merge be noticeable to them? Will they have to upgrade their tokens? 

42:32 - Let’s play a game here, and I want you to think about a nightmare scenario. What is the worst thing that could happen if everything goes belly-up here? 

43:30 - The nightmare scenario for any chain - Bitcoin, Ethereum - is that the network stops producing blocks.

45:18 - This is a big event in technology. 

45:55 - What’s the best case scenario? People are saying this is like a triple-halvening. 

49:25 - What is Vitalik saying about the Merge? 

49:50 - What should people be thinking about doing now, because if it is proof of stake, where and how should we be staking our Ethereum to earn other Ethereum? What are the parameters around that and how does that work? 

51:00 - How do people stake? 

01:00:00 - Outro with Joel’s golf story 

SUBSCRIBE, RATE, & REVIEW:

Apple Podcast: http://badco.in/itunes
Google Podcasts: http://badco.in/google
Spotify: http://badco.in/spotify

FOLLOW US ON SOCIAL MEDIA:

Twitter: @badcryptopod - @joelcomm - @teedubya
Facebook: /BadCrypto - /JoelComm - /teedubyaw
Facebook Mastermind Group: /BadCrypto
LinkedIn: /in/joelcomm - /in/teedubya
Instagram: @BadCryptoPodcast
Email: badcryptopodcast[at]gmail[dot]com
Phone: 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.com

See omnystudio.com/listener for privacy information.

Do Kwon talks, Fed guidelines for crypto banks, Tornado Cash developer arrest in Bad News for August 16, 2022

Bitcoin almost tips $25,000. Ethereum touches $2000. And Celsius has a massive run-up. Do Kwon of Terra Luna finally breaks his silence. The Fed has released new guidelines for crypto banks. And Vitalik says a potential Ethereum fork is not likely to succeed.

They say “no news is good news”. We say “our news is bad news… but it’s good. In a bad sort of way.” 

News, views and corn, including a new original song called “Yes, it’s Corn” on our Bad News episode #629 of The Bad Crypto Podcast. 

Full Show Notes at: http://badco.in/629

SUBSCRIBE, RATE, & REVIEW:

Apple Podcast: http://badco.in/itunes
Google Podcasts: http://badco.in/google
Spotify: http://badco.in/spotify

FOLLOW US ON SOCIAL MEDIA:

Twitter: @badcryptopod - @joelcomm - @teedubya
Facebook: /BadCrypto - /JoelComm - /teedubyaw
Facebook Mastermind Group: /BadCrypto
LinkedIn: /in/joelcomm - /in/teedubya
Instagram: @BadCryptoPodcast
Email: badcryptopodcast[at]gmail[dot]com
Phone: 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.com

See omnystudio.com/listener for privacy information.