HODL That Thought Podcast #4: Blockchain basics with James and Don from Coinstart
This week James and Don from Coinstart explain to us in a simple way how the blockchain works. Coinstart is an Australian end-to-end blockchain advisory group. We also covered topics including why blockchain applications always have tokens attached to them and how crypto currencies could replace money in the future.
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Moving the needle
- 1:58 – EU Commissioner will look into growing mining energy consumption
- 7:29 – Startup scams investors with fake ICO
- 10:53 – John Oliver bites into bitcoin
- 14:01 – US hypnotist claims 50 – 80% chance of recovering lost bitcoin
- 19:04 – A new heater uses cryptocurrency mining to heat your home
- 22:08 – Crypto exchange offers $250k for hackers’ heads
Interview with James and Don
- 28:40 – What is the blockchain and why are people using it?
- 30:42 – What are the most common questions you get around the blockchain/biggest confusion points?
- 32:02 – What are the most interesting applications of the blockchain?
- 35:37 – Why do blockchain uses need to have a token attached to them?
- 37:59 – How can you evaluate the validity of an ICO?
- 41:05 – How many ICOs do they look at and are comfortable investing in?
- 41:42 – What kinds of people are signing up for crypto currency courses?
- 42:36 – What in the real world can you buy with a crypto currency? Travel by bit, Living room of Satoshi
- 43:40 – Tax events around using crypto currency
- 45:28 – Are most people getting into crypto currencies for speculation?
- 45:50 – Will crypto currencies and the blockchain become a new way to spend money? Kuva Cash
Are you broke yet?
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