141 episodes

The Crypto Basic Podcast is an educational, honest, and entertaining exploration of the fascinating world of cryptocurrencies. Join hosts Brent Philbin, Karim Baruque, and Adam "Roothlus" Levy as they explore concepts and cryptos such as Bitcoin, NEO, Ethereum, Litecoin, Blockchain, Cardano and much more. How does Bitcoin actually work? Should I use Coinbase or Binance? What in the world is an IEO? Listen to our 101 episodes on each topic for an in-depth, beginner friendly discussion to find out. Join this trio of professional poker players and lifelong friends as they learn, teach, and joke their way into serious crypto knowledge.

Crypto Basic Podcast: Teaching You The Basics of Bitcoin and the World of Cryptocurrency. CryptoBasic Brent Philbin, Karim Baruque, and Adam "Roothlus" Levy - The Cryptocurrency news nerds

    • Education

The Crypto Basic Podcast is an educational, honest, and entertaining exploration of the fascinating world of cryptocurrencies. Join hosts Brent Philbin, Karim Baruque, and Adam "Roothlus" Levy as they explore concepts and cryptos such as Bitcoin, NEO, Ethereum, Litecoin, Blockchain, Cardano and much more. How does Bitcoin actually work? Should I use Coinbase or Binance? What in the world is an IEO? Listen to our 101 episodes on each topic for an in-depth, beginner friendly discussion to find out. Join this trio of professional poker players and lifelong friends as they learn, teach, and joke their way into serious crypto knowledge.

    Episode 225 - New FinCEN requirements for crypto, Yang ditches the race, and Brave goes WikiLeaks.

    Episode 225 - New FinCEN requirements for crypto, Yang ditches the race, and Brave goes WikiLeaks.

    _Welcome to this week's (bit late) Flagship Friday (Flagship Sunday just this once, sorry - our editor was on a boat. For many many hours.)
    This time around we go over the Trump administration's new plans for crypto, about Yang bailing out of the presidential race, and Brave's brave venture into investigative journalism, sort of. All of this and more on today's episode - tune in now!_

    Rapid FireBitcoin business, CoinSource, has now expanded to over 600 Bitcoin ATMsMinnesota Fed president calls crypto a giant dumpster fireVirtual reality beats blockchain as the hottest job in techdemand for augmented and virtual reality (AR/VR) engineers increased by 1,400% in 2019 (blockchain was +517 last year, +9 this year)Not just gaming, also companies like Sephora (beauty) and Wayfair (furniture)Blockchain developers still banking, 162k yr in 2020Proof of concept blockchain voting conceptDeFi Reaches $1 Billion In Locked Up CryptoTrump admin to release new FinCEN requirements for crypto.U.S. Treasury Secretary Steven Mnuchin told Congress on Wednesday that the U.S. Financial Crimes Enforcement Network (FinCEN) is set to release new requirements related to cryptocurrencies. “We want to make sure that technology moves forward, but on the other hand, we want to make sure that cryptocurrencies aren't used for the equivalent of old Swiss secret number bank accounts,” he added. Mnuchin seemed to strike a positive tone on the topic, remarking that "we do think technology can be used to reduce payment processing quite considerably, particularly for small dollar payments cross-border."Andrew Yang bows out of the 2020 Presidential RaceThe only nominee who cares about crypto has bowed out of the race. We hope to see him in 2024. I think he made an impact seemingly coming out of nowhere.Brave uncovers widespread surveillance of UK citizens by private companies embedded on UK council websites - KThey release a report called Surveillance on UK council websitesreveals the extent of private companies’ surveillance of UK citizens when they seek help for addiction, disability, and povertyNone of the data collected has received consentQuick FactsNearly all councils in the UK permit at least one company to learn about the behaviour of people visiting their websitesGoogle owns all five of the top embedded elements loaded by UK council websites, giving it the power to know what virtually anyone in the UK views on council sites.Over 1/4th of UK population served by councils that embed Twitter & Facebook6.9m served by council that allow data broker LiverRampl to track, LiveRamp was part of Acxiom Group, which sold data to Cambridge Analytica...Some weird language for 2020 Taxes Regarding Virtual Currency (Story 3)"At any time during 2019, did you receive, sell, send, exchange or otherwise acquire any financial interest in any virtual currency?"Trump wants the Secret Service to tackle the Bitcoin problem -KTrump's budget (proposed) for 2021 plans to increase Treasury departments control over cyprot criminalityThe idea here would be to have secret service aid treasury efforts to stop terrorist financing, abuse of human rights, and financial crimesTweetLittle history sessSS was actually creaty in July 1865 specifically to deal with the problem of counterfit money (approximate one third of money in circulation)They also began investigating crimes like bank robbery, illegal gambling, even murderLegistlation was on Lincolns desk when he got assasinated, in 1901 when President McKinley gets assasinated Congress asked SS to provide protection1902 they take on full time protectionIt was the first counterintelligence agency until the FBI was created in 1908In 2003 they were transfered to new Department of Homeland SecurityMnuchin Says U.S. Planning Cryptocurrency Rules On TransparencyCrypto Around the WorldTHAT'S A SCAMThe Ten Most Prominent Figures in the Crypto

    • 1 hr 11 min
    Episode 224 - 101 Series: Zilliqa with Amrit Kumar

    Episode 224 - 101 Series: Zilliqa with Amrit Kumar

    Welcome to the Crypto Basic Podcast! Today Brent is joined by Amrit Kumar, president of Zilliqa, a high-performance, high-security blockchain platform for enterprises and next-gen applications. Amrit goes over the ins and outs of Zilliqa, how it works and what the project's goals for the future are. Tune in to find out more!

    Ziliqa's Website: https://zilliqa.com/
    Amrit's LinkedIn profile: https://sg.linkedin.com/in/amrit-kumar-6aa66151

    • 49 min
    Episode 223 - The fine art world ventures into crypto, Justin Sun milks Kobe's passing, and Dubai launches a Crypto Valley.

    Episode 223 - The fine art world ventures into crypto, Justin Sun milks Kobe's passing, and Dubai launches a Crypto Valley.

    Hello everyone and welcome to this week's Flagship Friday (Saturday? Who knows at this point) where we go over the most important crypto news of the past week! This week we're talking about smART contracts (not a hard pun to figure out), Justin Sun being sort of a doofus, Dubai going full on tax haven mode on crypto, and much much more. Tune in now!

    Rapid FireTaxact is charging more for your service if you click "I traded crypto" and it doesn't add any steps. Don't use themIf you make under 66k the IRS lets you file for free.Blockchain.com Has Created A Crypto Gateway for the Turkish Lira (Decrypt)Now they can convert lire to bitcoin, eth or tether without using a third party payment processor.Cool Website Talking About If It's Alt SeasonA season is three months, so we looked at the performance of all Top 50 Coins over the last 90 days. The more Altcoins are up against BTC, the higher the Altcoin Season Index. If 75% of all Altcoins are up against Bitcoin over the last 3 months, it's Altcoin Season!And to spoil it for the listeners, no, no it is not alt season yet. The heat index is currently at a 51.Hey Telegram, you're crypto is worth less than donuts (CoinTelegraph)In the memo, the SEC included a few barbs against the instant messenger service. It called out Telegram for doing “a two-step around the registration provisions” and performing “sleight of hand” by fabricating the difference between a purchaser’s investment in Grams and their delivery of the Grams, which would allow them to withhold info normally in regulatory statements. Pavel Durov’s creation, the document contends, gave a “strawman” argument about “existence” since “Grams will never be tangible.” The SEC put the frosting on when it wrote:“Telegram’s attempt to avoid this economic truth by labelling Grams ‘commodities’ also fails. Grams are not commodities. Unlike gold, comic books, and Krispy Kreme donuts — commodities Telegram compares to Grams — Grams have no intrinsic value.”Art project uses Ethereum to validate their art piecesAs Thomas Crown Art’s tech expert and business analyst Ian Mcleod, explained, each piece of artwork is embedded with blockchain technology. “All our works of art are logged on the Ethereum’s blockchain with a unique ‘smART’ contract,” he said. “This means that all the artwork is authenticated, and all providence issues are solved. This is a major step forward in the art world where forgery is a growing and expensive problem.”Justin FREAKING Sun. SMH.https://twitter.com/justinsuntron/status/1221537900568829953?s=20https://twitter.com/justinsuntron/status/1222307981041135616?s=20Bitcoin Jesus (aka Roger Ver) Caves as Fight Over Fourth-Biggest Coin Heats Up (Bloomberg)On Jan. 22, a group of key Bitcoin Cash supporters proposed changing the cryptocurrency’s computer code to temporarily direct 12.5% of all newly issued coins to fund technology development -- an idea that irked many purists who prefer the typical decentralized governance of most cryptocurrencies.The proposal had a high chance of passing, though, as companies advocating for the change controlled a third of computing power used to support the network of the Bitcoin offshoot in the past week, according to data tracker Coin Dance.“will not go through with supporting any plan unless there is more agreement in the ecosystem.” The mining operation said it will work to come up with an alternative plan “which preserves the fundamental economics of Bitcoin Cash.”Bitcoin Cash still likely has to do something to prop up its developer ecosystem. The average number of developers working each month on Bitcoin Cash-related projects declined 32% in the first half of 2019 from the previous six months, according to Electric Capital. The project lost the most developers of all other top cryptocurrencies.Guy on reddit goes thro

    • 48 min
    Episode 222 - New Crypto bills, Peter Schiff isn't too bright, hedge fund fraudster plays the crypto game.

    Episode 222 - New Crypto bills, Peter Schiff isn't too bright, hedge fund fraudster plays the crypto game.

    Hello hello hello! Welcome to another episode of Flagship Friday, our weekly show where we cover all kinds of crypto news and shenanigans. This week we're talking about things like new bills concerning taxation and crypto, as well as Canada's fresh new way of looking at things crypto related.

    Also, Peter Schiff's 7-step program to not making any sense will a-maze you. Finally, Venezuela is unfortunately doing worse and worse, and scammers do, in fact, still be scammin. What a life. Tune in now!

    Dive into the cryptoverse with us on this episode of the Crypto Basic Podcast.
    

    Rapid FirePornhub is using Tether since PayPal has banned them. WHAT A PUNTOMG it's even worse. They're using the TRON version of USDT lmao.Brave MOBILE loads websites significantly faster than Chrome or Firefox - up to 3x or 6x faster using less memory and data.Iota released a new coordicide whitepaper.Remember that Telegram Token sale that had to be refunded? Well they actually did it .They promised a launch date refund if they didn't launch, and refunded. Good on them.Bill Proposed For You To Only Pay Taxes On Profits Over $200 - BSo this bill would say that transactions would not be subject to gains unless it's over that amount. Apparently 95% of transactions on chain would fall into this category.Bill was introduced in the House of representatives.It's long and confusing, and there was a top post on Reddit even saying that this would re-classify crypto into currency and make it worse for tax reasons, but this isn't the case.It simply creates one more exemption that says that these transactions that result in $200 or less profit, are fine.Right now, if I were to buy 1 bag of coffee from you every month with my Bitcoin, it would create tax issues for you, and me. That's not the case with money, so it's a step in the right direction.Peter Schiff is an idiot, but we can learn from it. - BStep 1I just lost all the #Bitcoin I have ever owned. My wallet got corrupted somehow and my password is no longer valid. So now not only is my Bitcoin intrinsically worthless; it has no market value either. I knew owning Bitcoin was a bad idea, I just never realized it was this bad!Step 2Since all the Bitcoin in my corrupted wallet were gifted to me, it's not that great a tragedy for me that they're lost. "Easy come, easy go," is especially true for #Bitcoin. My plan was to HODL and go down with the ship anyway. The difference is that my ship sank before Bitcoin.Step 3So much fake news about how I forgot my wallet password. Can't #Bitcoin pumpers be honest about anything? I was very clear that I didn't forget my password. My wallet no longer recognizes my correct password. Plus what's up with over 3K people liking that I lost my Bitcoin?Step 4Had I actually forgotten the password to my #Bitcoin wallet it would be OK as I would eventually remember it, or figure it out by trial & error. But since I know my password and it doesn't work, there’s no way to guess a new random password that may or may not unlock my wallet.Step 5My #Bitcoin mystery is solved. I mistook my pin for my password. When Blockchain updated their app I got logged out. I tired logging back in using my pin, which was the only "password" I had ever known or used. I also never had a copy of my seed phrase. Honest but costly mistake!Step 6To clarify my last tweet I was not able to recover my #Bitcoin. Since I never actually knew my password, just the pin, and never had a copy of my seed phrase, I have no way to recover the Bitcoin. So the problem was not a corrupted wallet, but my confusing a pin for a password.Step 7A lot of people are making fun of me for confusing my pin with my password. I made a mistake and it cost me my #Bitcoin. But confusing Bitcoin for money is a much larger mistake and those who are making it will lose far more than I did!Canada Getting On Board with "Not your keys, not you

    • 49 min
    Episode 221 - Red Flags: coss.io

    Episode 221 - Red Flags: coss.io

    Today we have a new episode format for you! It's called Red Flags, and in it we're gonna be going over some of the crypto projects of the world that are, let's say... questionable. After reviewing certain events or clues that might be considered red flaggish, we'll be giving our final verdict. So, for the first installment we'll be going over coss.io, a crypto exchange with a troublesome past and worrisome present. The future still lies ahead, but we're not convinced that it's gonna be good news for anyone involved. Tune in now!

    • 26 min
    Episode 220 - Blockchain development high in demand, AkonCity, and Craig Wright... again.

    Episode 220 - Blockchain development high in demand, AkonCity, and Craig Wright... again.

    Hello everyone! Welcome to Flagship Friday.
    This week we're going over blockchain development's rise in demand, Akon founding a city and Craig Wright... again. Tune in for more!

    Rapid FireBlockchain is Most In-Demand Skill in 2020 LinkedIn ReportCompanies weren't even looking at blockchain a year ago and now it's the top in-demand hard skill—beating out other hot skills like AI and cloud computing.Warren Buffett had his worst year in a decade.Berkshire Hathaway lagged behind in 2019. While it did perform at a reasonable 11% in 2019, it lagged behind the S&P in 2019 which posted a 29% return. Sure, Berk still has 700 Billion with a capital B but his unwillingness to hop on the Bitcoin bandwagon seems to be having an effect.Luxury giant Kering certifies its watches with Bitcoin.Ulysee Nardin, the Swiss watchmaker behind Kering, is using blockchain to certify the authenticity of it's watch.The idea is that the watchmaker will log each watch on the blockchain, meaning owners can rest in the knowledge that they have a one of a kind timepiece. It also means that they won't be swindled, and sold a fake.Once bought from Ulysee Nardin, a customer will receive a PDF that contains all the information about the watch, such as the serial number, model, and warranty information. With that, the customer can trace the watch on the Bitcoin blockchain's immutable ledger. This will be handy when selling the watch, as this information can be used to certify the watch's authenticity, as well as its maintenance history.List of prices where mainstream media declared Bitcoin dead. Karim what's BTC at currently? (Twitter)https://twitter.com/bloqport/status/1214887680686858240Space gets just a bit less scammy - KWe had 518 blockchain and crypto projects falling by the wayside in 2019still marks a 20% decrease from the previous year.largest number of cryptocurrency projects disappeared during the early months of 2019 (the deep red)115 folded in January, with 48 collapsing in February and a further 120 in Marchremember deadcoin?Deceased, hack, scam, and parodyMost dead projects were scams (55% in 2018, 58% 19)Most scams seem to have a life cycle less than 1 yr, 1-3yr for legitimate failsSEC Issues IEO Investor Alert - BHere's the quick version - IEO's are basically now on the radar of the SEC.They use a lot of wishy washy languge, but the end result is very similar to the ICO announcement years ago. You might have more to deal with if you're holding an IEO coin.They also explain a lot of the things that are completely true about the space - scams etc.20 Blockchain Predictions for 2020 (Adam)Former head of Global Business Development at ConsenSys makes 20 predictions for 2020. He's been heavily involved in the space for years and is now a managing partner at DARMA Capital. He has made yearly predictions within the space since 2016.We've heard this analogy before but Ethereum rn is like dial-up internet in 1996 running at 14.4kbps.US will have to play catchup after China made big moves into crypto and blockchainEthereum 2.0Radically altered blockchain landscape by 2021the tale of Libra will continueSleeping giant of blockchain—supply chain awakensCoinbase had to payup for some random exchange called Cryptsy? - BSo this is kinda weird, but it's Coinbase so I like shitting on them.They lost nearly $1M in a lawsuit that's been in court for the last 3 years.Apparently this Cryptsy exchange pulled a MtGox back in 2015 and got away with quite a bit.Apparently they were able to launder this money on Coinbase.Coinbase was just found liable for not having a better money laundering control system.Nakamoto Awakens - KCraig Wright files notice of compliance with the court, saying the bonded courier he said would bring him the keys to Satoshi wallets finally arrivedBut defense said it was just a list of addresses“Craig, however, did not provide any information

    • 51 min

Customer Reviews

jmmaac ,

5/5

Been a good part of my morning for awhile now. Keep up the good work guys

matthew brigden ,

Insightful and hilarious

My favourite podcast!

SliestGibbon ,

Just to enter the contest

Well I like Reese peanut butter cups.
Hashtag Bit-PBJcoin

Top Podcasts In Education

Listeners Also Subscribed To