The AltCoin is not a political movement, how much does the public know about Bitcoin?, and more free Stellar Lumens coming your way… But you gotta be fast.

All this happens on episode #13 of The Bad Crypto Podcast.

BADCOINS GIVEAWAY

Since last episode 012, we have given away over 15 million BADCOIN to our listeners for FREE. If you want some then check out last episode’s show notes.

COMMENT OF THE WEEK

“Greetings from Thailand. I’ve listen to all episodes. Fun and informative! As a result of your show, my 13-year-old son has turned his Alienware pc into a bitcoins miner…raking in bitcoin while sleeping and in school. Best part is he’s learning about Blockchain and crypto currencies at an early age!” – Jeff Fieklow, Thailand

That is EPIC, Jeff! Big shout out to Jeff and his son! Get your learn on! We love hearing this. Thanks for sharing, Jeff. Glad you are loving the show.

CALL IN QUESTION

“I’ve been listening to the show for about two weeks already, and I think you guys are doing a great job. So I’ve actually been researching about Cryptocurrencies and blockchain technology for about two to three months already… They got me thinking about how all these cryptocurrencies exist because of blockchain technology. So my question is, ‘What is to stop all these all these industries out there, that blockchain can potentially disrupt, to making their own that makes all these other cryptocurrencies part of their own?” – Jesus

Great question, Jesus. In fact, all of these currencies are built on their own blockchain. Bitcoin uses their original blockchain, with some added changes, now. [read bitcoin fork]. Litecoin uses the same bitcoin blockchain for their coin. Ethereum has it’s own, and many other coins are built off of the ethereum blockchain.

Monero and ZCash are the only two that anonymous transactions, so if you’re worried about a government creating their own competing blockchain, one of those may be the more secure route.

[ ASK US A QUESTION BY VOICE 1-708-885-9030 ]

THE BAD CRYPTO NEWS

The market has been going up and down, eh? Bitcoin Cash went up to $900 and back down to $600. Some movement in Monero and some other altcoins, which is our topic this week!

Joel took an informal poll on his Twitter account, @joelcomm, asking about how much his audience knew about cryptocurrency.

How much do you know about Bitcoin? — Joel Comm (@joelcomm) August 21, 2017

According to this, most people still don’t really understand crypto. So, if you are one of our listeners, you are way ahead of most people!

Also in the news, we talk about how Nvidia, AMD, Intel, and others are profiting from the cryptocurrency mining craze.

TRAINING AND RESOURCES!

We had a relevant voicemail this week about the episode we preparing…

“My question for you is I’m trying to better understand what the functional uses of all these alternative coins that are out there. You know, I understand with bitcoin. I can actually use it to purchase some product a different retail sites that are out there, but I think when it comes to all these other alternative coins. I’m trying to just understand. What is the functional use? Obviously I could sell them for USD or sell them for other coins, but maybe you’d be helpful if you could give us some real examples of how some of these coins would be used? Thanks a lot.” – Angelo from Chicago, Illinois.

So in this episode, we describe the use of each of these altcoins.

Ethereum – Problem: Shortest term: the need for a platform to issue ICO tokens (and sell them with smart contracts); mid term: legal contracts are inefficient; long term: AI overlords

Problem: Shortest term: the need for a platform to issue ICO tokens (and sell them with smart contracts); mid term: legal contracts are inefficient; long term: AI overlords NEO – Problem: Same sort of problems that Ethereum is trying to solve. Chinese blockchain project, aiming to provide a smart contracts platform: “China’s Ethereum” – Rebranding as Neo.

Problem: Same sort of problems that Ethereum is trying to solve. Chinese blockchain project, aiming to provide a smart contracts platform: “China’s Ethereum” – Rebranding as Neo. Dash – Problem: Digital currencies should be consumer friendly, and there needs to be a process built into the network to allow it to fund both marketing and development of consumer friendly products.

Problem: Digital currencies should be consumer friendly, and there needs to be a process built into the network to allow it to fund both marketing and development of consumer friendly products. Golem – Problem: People should be able to rent out their idle computer time for any variety of tasks. Decentralized super computer… Can’t rent out your computing power yet. Still in alpha.

Problem: People should be able to rent out their idle computer time for any variety of tasks. Decentralized super computer… Can’t rent out your computing power yet. Still in alpha. Monero – Problem: Payments on a decentralized network should be anonymized.

Problem: Payments on a decentralized network should be anonymized. Waves – Problem: ICOs on Ethereum are slow, they should happen on a faster, easier platform, with a decentralized exchange.

Problem: ICOs on Ethereum are slow, they should happen on a faster, easier platform, with a decentralized exchange. Steem – Problem: Content creators should be paid in a decentralized currency for their content posted to social media.

Problem: Content creators should be paid in a decentralized currency for their content posted to social media. Ripple – Problem: The banking system is disjointed and contains thousands of ledger systems spread across the world, it’d be better if they all were on the same ledger system; Market makers park insane amounts of capital to facilitate payments where on a more efficient system they wouldn’t have to.

Problem: The banking system is disjointed and contains thousands of ledger systems spread across the world, it’d be better if they all were on the same ledger system; Market makers park insane amounts of capital to facilitate payments where on a more efficient system they wouldn’t have to. Stellar Lumens – Problem: Same as Ripple, early more of a focus on the underbanked. An offshoot of Ripple, aiming to connect banks, payments, and the underbanked for little cost.

Here’s a great article that goes into 70 different altcoins and what problem they solve (We pulled the problems from this site! Great resource)

CLOSING & REVIEWS

“The Cheech and Chong of the Crypto world. Nice conversational podcasts. Lay down the basics very nicely for this newbie which is ideal. Makes it easy to digest.” – Unknown user review from Podbean.

OTHER RESOURCES MENTIONED ON THIS PODCAST:

Coinbase – Get $10 of free bitcoin for signing up and spending $100 in crypto!

Create a Bitshares Account for trading BADCOIN on OpenLedger

SUBSCRIBE, RATE, & REVIEW:

FOLLOW US ON SOCIAL MEDIA:

DONATE CRYPTO TO THE SHOW:

If you’d like to donate a bit of cryptocurrency to The Bad Crypto Podcast, feel free to send copious amounts to the following locations:

$BTC: Bitcoin: 3GMgCH4dFUHSLdrPnLwEsfKPVnLnoGbzGZ

$ETH Ethereum: 0x1ccE8A04fa6743eD1D24cA063c7543D43B42F328

$LTC Litecoin: LavXqTWVHebEgVhBXdg3Hue3xEAmgtxLgr

GET STARTED WITH CRYPTO WITH $10 BITCOIN FREE:

We have an affiliate code with Coinbase. If you decide to buy some crypto on Coinbase, you get $10 of free BTC, when you spend at least $100 in crypto. The Bad Crypto Podcast also gets $10 BTC, as well.

Win-Win.

Coinbase is one of the most popular and well-known brokers and trading platforms in the world. Their platform makes it easy to securely buy, use, store and trade digital currency. Users can purchase bitcoins, Ether and now Litecoin from Coinbase through a digital wallet available on Android & iPhone.

Do your own due diligence, some people have had some customer support issues. Neither Joel nor Travis can attest to that. If you do use Coinbase, once your coins clear, move it to an offline wallet or if you choose, move them over to another exchange.

Here is a list of all of the top crypto-currency exchanges. Choose one that you like.

DISCLAIMER:

Do your own due diligence and research. Neither Joel Comm nor 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.