The Bad Crypto Podcast - Transcripts

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Technologists and crypto-enthusiasts Joel Comm and Travis Wright attempt to demystify the world of bitcoin, blockchain, litecoin, ethereum, alt-coins, token generation events, and ICOs in this podcast for cryptocurrency newbies.

00:51:01

The Bad Crypto Podcast Will Tether Crash Next? Will Tether Crash Next?

There are a lot of questions surrounding Tether, the third largest crypto by market cap. With the collapse of UST, people want to be sure that there is liquid backing dollar for dollar behind USDT. Is the world’s biggest stablecoin too big to fail?  

Today we welcome the Chief Technology Officer of Tether, Paolo Ardoino, to the show to ask these tough questions. We also discuss FTX, audits and the future of the cryptos.

We’re a fairly stable podcast with unstable podcast hosts. Hopefully our guest can bring some stability to the show on episode #655 of the Bad Crypto Podcast. 

Full Show Notes at: http://badco.in/655

TIME STAMPS

  • 00:00 - Intro
  • 03:27 - Tell us about some of your background, Paolo. 
  • 06:00 - Explain how you’re the CEO of Bitfinex and CTO of Tether
  • 08:35 - Let’s get to the basic, birds-eye definition of Tether and how it works as a stablecoin.
    12:45 - How do you ensure Tether never goes down and is a supported asset? 
  • 16:00 - Tether is the number 3 in crypto marketcap. The audit of Tether is still pending release. News coverage of the release is missing. Why is the audit taking so long to be released? 
  • 20:35 - So you understand why it looks questionable to people because this is not the first time that has been something questionable has happened.
    32:00 - What happens to Tether if the US Dollar loses its dominance as a global currency reserve? 
  • 35:00 - Tether Gold is an alternative to fiat stablecoins. 
  • 36:12 - We are looking for audits on USDT; where is the gold? 
  • 38:45 - Why is there such a discrepancy between the Tether Gold and the market price of gold right  now? 
  • 42:00 - Closing remarks

SUBSCRIBE, RATE, & REVIEW:

Apple Podcast: http://badco.in/itunes
Google Podcasts: http://badco.in/google
Spotify: http://badco.in/spotify

FOLLOW US ON SOCIAL MEDIA:

Twitter: @badcryptopod - @joelcomm - @teedubya
Facebook: /BadCrypto - /JoelComm - /teedubyaw
Facebook Mastermind Group: /BadCrypto
LinkedIn: /in/joelcomm - /in/teedubya
Instagram: @BadCryptoPodcast
Email: badcryptopodcast[at]gmail[dot]com
Phone: SEVEN-OH-8-88FIVE- 90THIRTY

BE A FEATURED GUEST: http://badco.in/apply

DISCLAIMER:
Do your own due diligence and research. Joel Comm and 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.

Support the show: https://badcryptopodcast.com

See omnystudio.com/listener for privacy information.

00:48:46

The Bad Crypto Podcast On the Run with John McAfee On the Run with John McAfee

John McAfee was without a doubt one of the most controversial guests we’ve ever had on this show. We got to interview him six times before his death, and we wish he was still around for a seventh go-round. 

But in lieu of that, the next best thing would be to speak with someone who was with McAfee while he was on the run from authorities.  Alex Cody Foster is that guy.  You may recognize him from the blockbuster Netflix special “Running with the Devil: The Wild World of John McAfee”. 

Today he discusses his time with John, the insane situations he found himself in and how he has documented it all in a new book.

This episode has many Van Halen references so you’ll want to keep count of them on episode #654 of The Bad Crypto Podcast.

Full Show Notes at: http://badco.in/654

SUBSCRIBE, RATE, & REVIEW:

Apple Podcast: http://badco.in/itunes
Google Podcasts: http://badco.in/google
Spotify: http://badco.in/spotify

FOLLOW US ON SOCIAL MEDIA:

Twitter: @badcryptopod - @joelcomm - @teedubya
Facebook: /BadCrypto - /JoelComm - /teedubyaw
Facebook Mastermind Group: /BadCrypto
LinkedIn: /in/joelcomm - /in/teedubya
Instagram: @BadCryptoPodcast
Email: badcryptopodcast[at]gmail[dot]com
Phone: SEVEN-OH-8-88FIVE- 90THIRTY

BE A FEATURED GUEST: http://badco.in/apply

DISCLAIMER:
Do your own due diligence and research. Joel Comm and 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.

Support the show: https://badcryptopodcast.com

See omnystudio.com/listener for privacy information.

00:49:45

The Bad Crypto Podcast Web Pioneer Legend Brendan Eich Web Pioneer Legend Brendan Eich

A long time ago in a galaxy the same as this one, pointy-headed nerds built the foundation of the Internet. One of those pointed-headed nerds was the CEO of Mozilla, a co-founder of the Firefox browser and the creator of Javascript. Today he is the creator of the Brave browser, a wonderful privacy-based alternative to Chrome and the rest of the corporate browsers. His name is Brendan Eich and today he joins us to discuss the early days of the web, the mess he helped create and how he is helping to clean it up and lead us into a decentralized web 3 world. Join us for a discussion with this Brave legend on our “pioneers get all the arrows” episode #653 of The Bad Crypto Podcast.

TIME STAMPS

  • 00:00 - Intro
  • 03:45 - Featured Guest: Brendan Eich
  • 11:00 - We created data tracking cookies for people to be tracked across the web. Oops. 
  • 12:15 - What was the intention with the launch of Mozilla? 
  • 16:50 - Why do users want to use Brave over other browsers?
  • 18:30 - Brave is the best YouTube ad blocker out there. 
  • 21:24 - Google Chrome is basically its own spyware. How does Brave improve on the standard Google experience, both on the web desktop browser and mobile? 
  • 32:53 - Let’s talk about ad tech. How does Brave serve relevant advertisements if they’re not tracking users?
    39:34 - What do you think is next in web3 and for Brave Browser?
  • 44:35 - Closing Remarks
  • FULL SHOW NOTES: http://badco.in/653 

SUBSCRIBE, RATE, & REVIEW:

iTunes: http://badco.in/itunes
Spotify: http://badco.in/spotify
Stitcher: http://badco.in/stitcher
Google Play: http://badco.in/play
Soundcloud: http://badco.in/soundcloud
YouTube: http://badco.in/youtube

FOLLOW US ON SOCIAL MEDIA:

Twitter: @BadCryptoPod - @TheNiftyShow - @JoelComm - @TeeDubya
Facebook:  /BadCrypto - /JoelComm - /teedubyaw
LinkedIn: /in/joelcomm - /in/teedubya
Instagram: @BadCryptoPodcast

DISCLAIMER:

Do your own due diligence and research.  Neither Joel Comm, Zach Comm nor Travis Wright are 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.

Support the show: https://badcryptopodcast.com

See omnystudio.com/listener for privacy information.

00:42:05

The Bad Crypto Podcast Grim Outlook for Bitcoin - Bad News For 11/21/22 Grim Outlook for Bitcoin - Bad News For...

Is Bitcoin in big trouble? Many say we are in danger of much lower prices because of the continued fallout from the FTX scandal. More than 3500 Bitcoin that have slumbered for more than 10 years are now awake. And rumor is that Elon Musk is working on a crypto wallet for Twitter. 

Speaking of Twitter, it has officially become more fun to watch than Netflix. Finally, a long-time friend of the show has won his AT&T simjack court case.

Get ready for hijinks and lowjinks on our Grim outlook for Bitcoin bad news episode #652 of The Bad Crypto Podcast. 

Full Show Notes at: http://badco.in/652

TIME STAMPS

00:00 - Intro
05:50 - Crypto market cap review; Joel thinks Solana as a token is toast as a centralized layer 1 and alleged victim of market manipulation due to FTX.  
11:40 - Sleeping Bitcoins wake up and have moved from original wallets to new ones
13:05 - Bad exchanges have taken $1.2 billion in Bitcoin out of the market
13:45 - Nayib Bukele is hodling and accumulating more Bitcoin for El Salvador. Increasing Bitcoin adoption
15:15 - Grim outlook for Bitcoin and Ethereum pricing as we haven’t yet seen the full fallout and earthquake from the FTX collapse as we await more dominoes to fall. 
16:00 - Digital Currency Group is trying to raise $1bln to save Genesis from collapse. 
20:30 - NFT God thinks Elon Musk is bringing NFTs and crypto to Twitter. Will it be powered by $DOGE and Dogechain? badco.in/638
21:15 - Elon posted a Twitter poll about reinstating DJT’s account. Let’s analyze what may have happened in the voting. 
29:30 - What Twitter has revealed is the emotional maturity people have with even Trent Reznor leaving Twitter because he can’t handle that Donald J. Trump is back on the platform. 
37:30 - SIM swap hack against Michael Terpin reaches resolution 
38:40 - Upcoming guests and interviews on The Bad Crypto Podcast, meaning more airdropped NFTs from Bad Crypto Nifty Club so SIGN UP today at http://badcrypto.uncut.fm
40:30 - Closing Remarks

SUBSCRIBE, RATE, & REVIEW:

Apple Podcast: http://badco.in/itunes
Google Podcasts: http://badco.in/google
Spotify: http://badco.in/spotify

FOLLOW US ON SOCIAL MEDIA:

Twitter: @badcryptopod - @joelcomm - @teedubya
Facebook: /BadCrypto - /JoelComm - /teedubyaw
Facebook Mastermind Group: /BadCrypto
LinkedIn: /in/joelcomm - /in/teedubya
Instagram: @BadCryptoPodcast
Email: badcryptopodcast[at]gmail[dot]com
Phone: SEVEN-OH-8-88FIVE- 90THIRTY

BE A FEATURED GUEST: http://badco.in/apply

DISCLAIMER:
Do your own due diligence and research. Joel Comm and 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.

Support the show: https://badcryptopodcast.com

See omnystudio.com/listener for privacy information.

01:18:59

The Bad Crypto Podcast Is ALL DeFi Bullsh*t? with Brad Mills Is ALL DeFi Bullsh*t? with Brad Mills

If you had been paying attention to the guest on today’s show, you may have gotten out of Luna or Celcius before they came crumbling down. His take on DeFi back on our April show got our attention. And with the aftershocks of FTX still rumbling through the crypto and financial world, we thought we’d invite him back to go deeper down the rabbit hole.

What is the next domino to fall and how you can avoid getting burnt? We’ll discuss with Brad Mills today on our “Is all DeFi BS?” Episode #651 of The Bad Crypto Podcast. 

FULL SHOW NOTES: http://badco.in/651

TIME STAMPS

00:00 - Intro
07:30 - When were you first talking about FTX and the red flags? 
11:30 - Is all DeFi a scam? 
14:30 - What does this mean for Ethereum? 
16:09 - You’re mentioning there are other risks in the market. Which of these coins have the greatest risk for you? 
25:40 - Rebasing entered the market; what the hell is this?!
30:51 - What exactly drives the market cap of cryptocurrencies? 
32:30 - Exactly. P/E ratios are often bogus in crypto. 
35:30 - How connected do you think the FTX and SBF fallout is to the US government? 
37:35 - The New York Times put out this puff piece on Sam Bankman-Fried. What are your thoughts on mainstream media journalism? 
40:15 - Sam was printing tens of billions of dollars, just like Binance, Andreseen Horrowitz, Coinbase and others. 
45:30 - CZ at Binance was public about his liquidation of FTT, earning Travis’ respect. What are your thoughts? 
47:15 - They are scheduling a hearing about FTX. Let’s look back at Sam’s Tweets. He’s now coming out and saying he wants to try again and make it all back. Even Kevin O’Leary is willing to back this guy again! 
54:00 - Do you think the government is going to come out and say these are all unregistered securities and everything will go to zero? 
58:15 - Give a warning around CBDCs to people. 
1:11:11 - Closing Remarks

Full Show Notes at: http://badco.in/

SUBSCRIBE, RATE, & REVIEW:

Apple Podcast: http://badco.in/itunes
Google Podcasts: http://badco.in/google
Spotify: http://badco.in/spotify

FOLLOW US ON SOCIAL MEDIA:

Twitter: @badcryptopod - @joelcomm - @teedubya
Facebook: /BadCrypto - /JoelComm - /teedubyaw
Facebook Mastermind Group: /BadCrypto
LinkedIn: /in/joelcomm - /in/teedubya
Instagram: @BadCryptoPodcast
Email: badcryptopodcast[at]gmail[dot]com
Phone: SEVEN-OH-8-88FIVE- 90THIRTY

BE A FEATURED GUEST: http://badco.in/apply

DISCLAIMER:
Do your own due diligence and research. Joel Comm and 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.

Support the show: https://badcryptopodcast.com

See omnystudio.com/listener for privacy information.

00:45:28

The Bad Crypto Podcast Using Data to Predict Bitcoin Price with Continuum Market Using Data to Predict Bitcoin Price with...

While the world is focused on the FTX debacle, there are many things happening in the broader economic, political and cultural marketplaces. How can we assimilate all the happenings to determine how to best position ourselves for success?

Today we welcome Kristina Bruhahn of Continuum.market to the show to make sense of it all. Known to many in the industry as “datapoints”, Kristina makes a compelling case for where things are headed, and ties it all together with a shocking Bitcoin price prediction.

You don’t have to be a pointyhead to enjoy data. But you do have to be bad to listen to episode #650 of The Bad Crypto Podcast.

FULL SHOW NOTES AND TRANSCRIPT: http://badco.in/650

SUBSCRIBE, RATE, & REVIEW:

iTunes: http://badco.in/itunes
Spotify: http://badco.in/spotify
Stitcher: http://badco.in/stitcher
Google Play: http://badco.in/play
Soundcloud: http://badco.in/soundcloud
YouTube: http://badco.in/youtube

FOLLOW US ON SOCIAL MEDIA:

Twitter: @BadCryptoPod - @TheNiftyShow - @JoelComm - @TeeDubya
Facebook:  /BadCrypto - /JoelComm - /teedubyaw
LinkedIn: /in/joelcomm - /in/teedubya
Instagram: @BadCryptoPodcast

DISCLAIMER:

Do your own due diligence and research.  Neither Joel Comm, Zach Comm nor Travis Wright are 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.

Support the show: https://badcryptopodcast.com

See omnystudio.com/listener for privacy information.