There’s a dark secret in the crypto world that mainstream media doesn’t want to acknowledge. A dark secret that will affect each and every crypto holder at one point in time. No, it’s not Tether or Stablecoin – although that’s another ticking time bomb. I’m talking about something that should strike fear into the hearts of even the most committed HODL’er: Is your Crypto Clean or Dirty? Is there anything you can do to protect it?
We’re coming up on 16 years since the advent of blockchain technology. And somehow, some way, the price of Bitcoin is still holding at an unreasonably high amount DESPITE there being any indication that blockchain technology has anything truly useful to offer modern society. BUT there is one thing it has proven to be good for — and that one thing will infect everybody in the market, because you’re all indirectly involved whether you like it or not.
For this episode we have a “who’s who” of Crypto Critics who have assembled in Twitter Spaces, hosted by author Jake Donoghue, of “Crypto Confidential.” Jake put together a team of prominent people to discuss the current state of the industry, including myself, former SEC cybercrime head, John Reed Stark, journalist David Gerard, tech entrepreneur Dave Troy, senior policy analyst Mark Hays and others. We have a casual conversation about what’s going on in the industry and take some questions.
I apologize for the beginning and ending being cut off – I started recording when I came in and somehow the recording stopped at around the 2 hour mark, but we have almost the entire conversation archived.
Hope you enjoy!
Regarding my counter-argument to the crypto-shitcoin-shilling troll who appeared in the podcast, let me address that… her claim was that ‘blockchain is mainstream’ and IBM is using it. This is a phony narrative that crypto people keep spreading. Here’s the truth on that:
For those wondering whether her claim that “IBM is using blockchain” is legit, no it’s not. Their primary IBM blockchain project that was hyped by crypto bros — still to this day, was a prominent partnership with shipping company Maersk. While the web page promoting the venture still sits online and is cited every day as a “crypto success story” in reality it was cancelled. See: https://www.maersk.com/news/articles/2022/11/29/maersk-and-ibm-to-discontinue-tradelens
Other so-called “blockchain” projects, such as IBM’s “hyperledger” are not actually blockchain – IBM has just borrowed that name and registered their own trademark: “IBM Blockchain®” When you examine what IBM calls “blockchain” it looks nothing like crypto’s version.
IBM’s version is centralized; it’s not permissionless; it’s not public, and there’s no evidence it’s “immutable” in the same manner as crypto blockchain. It’s just a marketing ploy to take advantage of the crypto/blockchain fad.
So if you ask somebody, “What makes blockchain, blockchain?” They’ll give you a list of answers that basically negate whatever IBM is claiming is blockchain, as being anything that resembles what crypto/blockchain people call “blockchain.”
Words mean things. If just labeling something “blockchain” without actually checking to see if it resembles the conventionally-known tech is ok, then we no longer have the ability convey legitimate ideas.
But more importantly, there’s insufficient evidence that any mission-critical apps are using the tech. There’s lots of name-dropping but nothing indicating this is anything more than prototypical. The reason for this is because we know, by design. blockchain is an inferior database system, hamstrung from its birth, abandoned decades ago by real engineers. I prove this in my documentary (see www.BlockchainII.com).
In this episode, I speak with a solar energy company founder about why he’s into Bitcoin and how he thinks it helps the renewable energy industry. We touch on a number of topics including his argument for a best example of why crypto does something better than existing tech. Do you believe he’s right? Does crypto do something positive for the renewable energy industry?
Alex and I spoke for quite awhile. I ended up slightly editing the conversation taking the end part and inserting it at about the 1:20 mark, and then leaving the second half, which is about 2 hours, as an extra segment for anybody who wants to keep listening.
This is my commentary on my third annual virtual pilgrimage to the Bitcoin convention. I resolve the multi-day event into 13 minutes of pure unadulterated CRAY-CRAY for your amusement.
Today’s guest, whom we’ll refer to by his popular discord handle, “Homestead Hacker”, thought he found his dream job, working in the exciting world of “web3”.
This was supposed to be the cutting edge of emerging technology, involving crypto, blockchain, gaming and more.
Unfortunately our guest realized it didn’t turn out the way he’d imagined. He takes us through his experience working for a web3 gaming company and his realization that the crypto industry isn’t what he originally thought.
As part of our outreach to engage and educate people in the crypto community, this is another in our “debate a crypto bro” series. We encourage people in the crypto industry to open a dialogue and exchange ideas and arguments to better understand all sides of this “industry.”
In today’s episode I talk with “Dr. Rob”, a veterinarian in New Zealand who wants to discuss what he believes are the strongest arguments for Bitcoin’s utility. This is part 2 of a 2 part series. In this final part, we discuss another “use case” for Bitcoin involving issues relating to energy.
For more visit our web site at https://ioRadio.org
I speak with author and former crypto industry insider, Jake Donoghue about his new book, “Crypto Confidential: An Insider’s Account From The Frontlines Of Fraud.” In this book, Jake talks about his time working on launching a crypto company and then pivoting to start an agency that helps launch other crypto projects. He pulls no punches in describing the multi-layered fraud and deception which seems to encompass every aspect of the industry.
In this episode I sit down with the author of two books on the crypto industry, IT professional and writer, David Gerard. David has been calling attention to the irrationality and criminality in the crypto industry for many years. Let’s see what he thinks of the current state of the industry and its many colorful players.
You’ve heard the stories about people who go “all in” on Bitcoin.
These are the “pink unicorns” of investing.
Does it make sense to put all your eggs in one crypto basket?
Well, we talk to one guy who’s done that, and try to explain why that might be a bad idea.
It’s been a few weeks and there’s been some interest to check back in with our infamous crypto unicorn who has gone “all in” on Bitcoin and see if our last discussion had any impact on his outlook.
I also dive a little deeper into how his crypto adoption has manifested and how much actual experience he’s had testing the exchanges to see if he can get his “money” back?
There are some very interesting and/or shocking revelations towards the end.
Be sure to leave your comments and let us know what you think?
In this episode, in addition to commenting about the current state of the bitcoin bump and how that affects our online communities, we take advantage of the recent pump of bitcoin to talk about a common talking point: “Number go up” – is it the most important metric in all of crypto? It might be, but does it mean that we’re wrong in our criticisms? Not at all and we’ll explain why.
