Joel got a physical bitcoin in the mail, what’s the deal with transaction times, and a special ICO Spotlight visit with Wolk.com.
It’s like the Donnie & Marie variety show, but without talent, and without sparkly white teeth.
All of this and more on episode #16 of the Bad Crypto Podcast!
WELCOME & OPENING SHOW NOTES
- Welcome and thanks — 100,000 download celebration!
- Badcoin giveaway continues — 35,000,000 distributed in our ICG (Initial coin giveaway)
- More BADCOIN for reviews — 100,000 for a review — email w/screen shot and bitshares name -
This weekend, The Bad Crypto Podcast passed 100,000 total downloads to our show in less than 6 weeks!
How crazy is that?
This is a testament to our great fans! Thanks for being part of this great ride! We love you!
We’ve given away over 35 million BADCOIN, so far. If you haven’t got yours, go to http://badco.in/bitshares which takes you to Open Ledger to create a username. If you want a tutorial walk-thru, check out the show notes for BCP episode 12.
QUESTIONS FOR THE COMMUNITY
“Hey, Travis and Joel my name is Jared. I’m a big fan of the show, and I just had a quick question for you guys. I’m pretty new to cryptocurrency. One thing that I have noticed, it seems like some currencies take longer to transact than others when I’m sending or receiving the coin.
So I just was wondering if you can kind of explain a little bit of that process to me and also kind of what transaction fees play in that process as well. Thanks.” Jared asks by voicemail
This is all based on the mechanics of the blockchain and the amount of transactions in the queue. Bitcoin was set up to act like gold, you don’t use gold to buy things all of the time. It’s more of a storage of wealth. Other cryptocurrencies act as currencies. Litecoin acts like a storage of wealth, as well, however the transactions are much faster.
Ripple, Stellar Lumens, and even Dogecoin have smoking fast transactions, and take little amounts for the transaction.
Coins like Bitcoin have transaction fees now, as incentives to the miners to include that transaction into the next block. To sum it up, it depends on the currency in which you are transferring money! Hope that helps!
Make sure to email, voicemail, FB message, or tweet us your Bitshares ID, so we can send you 100,000 BADCOIN!
AND IN THE NEWS…
⦿ Mayweather and Celebrity Crypto ICO: Positive New Trend or Troubling Sign of the Times?
⦿ Litecoin Price Surges to New Record High
⦿ Bad Crypto Podcast 🎙 #bitcoin on Instagram: “Uh-oh. Joel found something shiny!”
⦿ Bitcoin in Currency | eBay
Did you see the Mayweather/McGregor fight? Well, that was a big deal for many people… but what we found interesting is that Mayweather is beginning to focus on cryptocurrency. Floyd “Crypto” Mayweather.
Last month, he promoted the STOX ICO, and just a few days before the fight, he promoted another one, Hubii.Network.
Champion Predictions: I’m gonna make a $hit t$n of money on August 26th. I’m gonna make a $hit t$n of money on August 2nd on the Stox.com ICO. #TMT #STOX #MAYWEATHER #TBE #CRYPTO #CRYPTOCURRENCY #BLOCKCHAIN #ETHEREUM #BITCOIN
by Floyd Mayweather (@floydmayweather) on Jul 27, 2017 at 11:46am PDT
And here is his latest promotion.
You can call me Floyd Crypto Mayweather from now on…Hubii.Network #ICO starts tomorrow! Smart contracts for sports?! #HubiiNetwork #CryptoMediaGroup 🤑🤑
by Floyd Mayweather (@floydmayweather) on Aug 23, 2017 at 1:06pm PDT
We haven’t done much research into either one, but it’s interesting to see how crypto is making it’s way into the mainstream.
And what about Litecoin?!
Litecoin hit an all-time high at around $65. It’s come down a bit. But wow! To the moon!
And keeping with the theme of instagram posts. Joel bought a physical Bitcoin. Now, it has no value. But he seems pleased.
A post shared by Bad Crypto Podcast 🎙 #bitcoin (@badcryptopodcast) on Aug 26, 2017 at 1:20pm PDT
There are cryptocurrencies for sale on Ebay, but you should be careful. They are price gouging and the physical coins MAY have some BTC attached to them, but it’s hard to verify. Proceed with caution!
ICO SPOTLIGHT INTERVIEWS
In this week’s sponsored ICO Spotlight Interview, we connect with Wolk. Wolk is very intriguing to Travis and Joel, as we are both in the marketing space. Wolk is what is called a DSP, a demand-side platform for advertising.
Advertising is a $500,000,000,000 a year industry. That is 500 BILLLLLION. Wolk is going to do some interesting things with blockchain and their WOLK token to impact the space.
Here is a DSP in a nutshell.
A demand-side platform (DSP) is a system that allows buyers of digital advertising inventory to manage multiple ad exchange and data exchange accounts through one interface. Real-time bidding for displaying online advertising takes place within the ad exchanges, and by utilizing a DSP, marketers can manage their bids for the banners and the pricing for the data that they are layering on to target their audiences. Much like Paid Search, using DSPs allows users to optimize based on set Key Performance Indicators such as effective Cost per Click(eCPC), and effective Cost per Action (eCPA). — Wikipedia
Here’s Wolk’s explainer video:
Their coin is called WOLK, and advertisers, brands, and agencies will need the token to access their data. And the data partners that they work with will get the majority of that WOLK.
If you are interested in advertising and want to participate in their ICO, it is available to citizens in most countries, including the USA, as it is not classified as a security. WOLK is a utility token.
Wolk’s ICO (Token Generation Event) — September 10, 2017 — October 9, 2017
Private Sale — September 10, 2017 — September 18, 2017
WOLK will be released on September 15, 2017
Learn more about WOLK and read their whitepaper, if you so choose!
CHECK OUT THE BAD CRYPTO EXTRA!
That wraps up this week’s episode!
OTHER RESOURCES MENTIONED ON THIS PODCAST:
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FOLLOW US ON SOCIAL MEDIA:
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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: 3HgKzHs3hB9oxqVLkBqmBXnkvmmVDSXuth
$ETH Ethereum: 0x1cc3335e292fd9a956746f1467046e2198a8c69d
$LTC Litecoin: LchSx4xHwXY5JBXVB72bf86VHEBgSmjTbC
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.
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.
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.
Originally posted on The Bad Crypto Podcast. http://badco.in/016