Episode 049: Saturday 4th August 2018

I’ll Go Large On That! McDs Launches Its Own Crypto …

Coming up in today’s show:

    • The Winklevoss Twins’ Bitcoin ETF Application Rejected by SEC – so is it ‘game over’?
    • Why Buying bitcoin, ethereum and other cryptocurrencies with British pounds just got easier
    • McDonalds launch their own limited edition crypto … we’ll go large on that please!


Listen to this week's show …

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Links From This Week's Show …

1 > Will Blockchain Protect the World Economy from Financial Crises?


Alison's excellent summary:

  • 2008 was the legendary beginning of cryptocurrency – banking meltdown and financial crisis paved the way for digital currency & inspiration for Nakamoto’s paper on bitcoin published the same year
  • Blockchain narrative – crisis wouldn’t have happened if blockchain / distributed ledger tech been around. Low cost way of reducing global financial risks and establishing trust between institutions and the public.
  • 2008 financial crisis – cause byu societies faith in banking system and their record keeping practices. Discussed in book called The Truth Machine – example of the Lehman brothers who used a number of shady tricks to ‘cook the books’ and make it look like firm was thriving.
  • Shared record of transactions on the blockchain would theoretically prevent this from happening – central banks/regulators would have clear picture of individual banks operations and be able to intervene if necessary
  • More radical view is that blockchain will enable peer-to-peer networks to take over many of the things we currently rely on banks for
  • BUT while pretty much every bank is currently developing distributed ledger technology, it is far from certain that the systems they come up with will be completely transparent. What’s likely is that a consortium of banks will look to build a common standard of open source software. This is already happening. Will these banks create a system that’ll give governments and regulators the tools to precisely monitor them? Or to create peer-to-peer networks to effectively put them out of business? Unlikely. More likley is that they’re looking to create a blockchain-based system that will work on their terms, and to get there ahead of anything else. So blockchain may replace the current system of bookkeeping, but that doesn’t mean we’ll be waving goodbye to the banks.

2 > Warning issued about ‘double dose' Bitcoin drugs at Kendal Calling


3 > McDonalds launch their own limited edition crypto


4 > Ledger Launches Two New Apps for Nano S Hardware Wallet: ‘HODL’ and ‘Recovery Check’


5 > Buying bitcoin, ethereum and other cryptocurrencies with British pounds just got easier


6 > Winklevoss Twins Bitcoin ETF Application Rejected by SEC


[Note: We're happy to attribute sources where we can. If you haven't branded your graphic and you'd like us to add a link, please email us at questions@cryptonewspodcast.com]

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This week's Top Crypto Coins:

See https://cointracking.info/coin_trends.php for the latest stats.

Paul's Fantasy Crypto Portfolio:

See https://cryptonewspodcast.com/paul

Paul Teague

Alison's Fantasy Crypto Portfolio:

See https://cryptonewspodcast.com/alison

Alison's Bitcoin-only portfolio: https://cryptonewspodcast.com/BTC

Your Crypto Portfolios:

See https://cryptonewspodcast.com/your-crypto-portfolios/

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