Crypto Basic Podcast: Teaching You The Basics of Bitcoin and the World of Cryptocurrency. CryptoBasic-logo

Crypto Basic Podcast: Teaching You The Basics of Bitcoin and the World of Cryptocurrency. CryptoBasic

Markets and Investing

The CryptoBasic Podcast is an educational, honest, and entertaining exploration of the fascinating world of cryptocurrencies. Join hosts Brent Philbin, Karim Baruque, and Michael Laake 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 Bittrex? What in the world is an ICO? 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.

Location:

United States

Description:

The CryptoBasic Podcast is an educational, honest, and entertaining exploration of the fascinating world of cryptocurrencies. Join hosts Brent Philbin, Karim Baruque, and Michael Laake 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 Bittrex? What in the world is an ICO? 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.

Language:

English

Contact:

405.440.3260


Episodes
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Episode 248 - Defi Rundown - The Lost Episode

6/9/2021
Decentralized Finance: The future of cryptocurrency. It's time for Karim and spearhead the CryptoBasic breakdown of this space in the longest episode that CryptoBasic has ever recorded. We go over everything from Liquidity Farming, to Rug Pulls, and more. This episode spent nearly 6 months on the shelf. It's something of a swan song for the CryptoBasic team as they just couldn't keep the project afloat without sacrificing their morals.

Duration:02:20:28

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Episode 247 - It's time for Sushi... swap.

9/15/2020
Hello everybody and welcome to the Crypto Basic Podcast! Now, before you start rage-tweeting us, we know we've been away for quite some time, but people need vacation, and we're definitely people. Besides vacation though, we decided that the Crypto Basic Podcast will be releasing episodes less often, but with more concise and in-depth information. By releasing weekly episodes, we're doing a disservice to the quality of the podcast as sometimes we scramble to find interesting stuff that frankly, sometimes is just not there, and that way we're doing a disservice to you, the listener. However, we're not going anywhere. Sorry haters. So, expect less but better Crypto Basic goodness from now on. In today's episode we talk about Sushiswap, a decentralized exchange on the Ethereum blockchain that shows a lot of promise. There has been some drama -its creator fucking up big time, that is- that we didn't cover because we recorded this episode about a week ago and didn't release it in time, but talking about the project and its ins and outs still made for a very interesting and engaging discussion. Tune in to find out more!

Duration:01:15:27

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Episode 246 - Crypto Scams through Tik Tok?

7/23/2020
Welcome to the Crypto Basic Podcast! Joining you are Brent "Pump and Dump" Philbin, Adam "The TikToker" Levy, and Karim "You guys are insane" Baruque. Our issue for today is a call to action posted on TikTok, that urges users to invest 25$ in dogecoin en masse, leading to artificial inflation of its price, AKA a pump and dump. We discuss its implications, it's dangers, and what it means for the future of crypto that these kinds of things are now reaching the teen and preteen demographics. Tune in now! Hey Karim, what's the price of Dogecoin?? Dogecoin spikes 1900% in 2 days. Global search interest in “how to buy dogecoin” also skyrocketed from a score of 25 to 100, the highest possible search popularity score, over the past few days, according to 12-month Google Trends data analyzed by CoinDesk. Why is Dogecoin spiking?? Not entirely sure the exact origin of it but a few TIk Tokkers posted a video talking about how if you invest $25 into Dogecoin you get 10k shares. if it goes to $1 we all make $10k. then people started buying it and it actually spiked 20% tuesday. Effect of Tik Tok on crypto. Gen Z is growing up. Do you think they will adopt? Could this be the start of a bull? This could also be the start of another Bitconnect with people getting hurt by a pump and dump. Could be a bunch of Dogecoiners getting together and trying to get the coin to blow up on tik tok. Things can go viral there in a hot second. Videos on videos coming out talking about how Doge is a good investment. For those who don't know, Jackson Palmer, the CEO of Dogecoin, created it as a memecoin bc Coinmarketcap and Doge memes were the two tabs open in his web browser. It has no real use case. Kid influencers https://twitter.com/jespow/status/1281021629632352256?s=20

Duration:00:50:50

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Episode 245 - Where are they now?

7/14/2020
Welcome to another episode of the Crypto Basic Podcast! Today the gang is doing a self-reflective session on our predictions and critique of various coins and projects throughout the time the podcast has been active. How did we do in making judgments and assumption on projects such as Substratum, Kucoin, Bitcoin Hex, Tether, Divi, Dragonchain and others? Did our scam callouts turn out to be scams? All of the above and more on today's episode of the Crypto Basic Podcast. Coins CryptoBasic called out on previous shows, how did they end up? Episode 1Episode 2$.82WE WERE RIGHTEpisode where we first mentioned KucoinHilariously shitty MLM style video.CryptopiaEpisode on the Divi ProjectDragonchainOur stance - we released an episode called "Is Fcoin a scam" our answer was fucking yes it was.If you go there on coinmarketcap - it says "we have received reported of impeded withdrawls due to insolvency"They shutdown around February 2020 and blamed "poor auditing" for the shutdown, as they were transferring out tons of money from their cold wallets.

Duration:01:01:28

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Episode 244 - Notes on the Federal Reserve

7/3/2020
Welcome to the Crypto Basic Podcast! We'd been gone for a little while (blame our editor and his "exams", yeah right) but we're back and this week we're talking about the big ol' Fed, which announced that it will start buying individual corporate bonds. What does that mean for the economy and the banking system? What the hell are SMFCCs and SPVs? And are they sexually transmitted diseases, or do they just sound like that? Tune into today's episode for the answer to this truly profound and engaging question, and many many more. Fed says it is going to start buying individual corporate bonds The Federal Reserve said Monday it will start buying individual corporate bonds.Secondary Market corporate Credit Facility (SMCCF)SPV?limited

Duration:00:41:15

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Episode 243 - Bitmain Coup?

6/18/2020
Welcome to the CryptoBasic Podcast! This time around we don't go over a lot of things - we just focus on the basics, the important info, the headlines. Kung Fu, private militias, corporate coups, you know, the good stuff. If this sounds weird to you, tune in to find out what the heck has been going on with Bitmain and how the crypto space can sometimes offer stories and incidents that are truly hollywood-worthy. Remember when we covered this in a flagship? Lets go back overZhan wins a victory in April.Getting more interestingThere's literally a video out there of Zhan marchingg on the Bitmain offices with armed guardsIt looks like Zhan has taken control of the company's Wechat account, and has been posting saying that the "new" seal is the official seal.Karim's video suggestion

Duration:00:36:00

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Episode 242 - US Monetary Outlook

6/5/2020
Today the gang's all here, gathered around the fireplace, eating metaphorical marshmallows as papa Karim, our resident economist, busts out the spit facts. We're going over the current economic state of the US, monetary strategies, how they affect economies and trade between them, and much, much more. So, grab a stick, poke a marshmallow and relax while Karim gets them FACTS into your brain. The U.S. Treasury Will Borrow A Record $3 Trillion This Quarter As Stimulus Spending Soars US Debt big picture National Debt Clock Who owns that debt? Debt to GDP estimatesnow at 107% and projected to 108% by 2021106% year after WWIISaw this back of envelope simplifications 35m to 1 reduction US as household International perspective FWIW Trump said if he gets re-elected he’ll wipe the debt =) he said that last time too and it was +5Trillion going into this (last time we cleared the debt was Andrew Jackson 1835) Interesting quote though to keep this in perspective - “If the Fed didn’t take these and other emergency measures, “the system already would have blown up,The markets would have crashed 10 times over.” - Tim Duy University of Oregon (Economist, US Treasury) Modern Monetary Theory, Is there a limit? withinHere is the catch 22 Devaluing the currency? “The United States can pay any debt it has because we can always print money to do that,” former Federal Reserve chairman Alan Greenspan said on NBC in 2011. “So there is zero probability of default.” But most goverments are doing very similar things, central banking is the world standard. so as grim as this looks for the US, and arguably the dollar, the fact that it looks so much worse in other fiats creates flight to the dollar Central Bank Foreign Currency Reserves are 61% Dollars, next best is Euro at 21% Also remember that our discussion on devaluing local currencies applies to tons of countries that do business with the US, like China and Japan (the largest debt holders) Not UnfathomableStill Over a trillion USD countries and companies need to make interest payment on dollar-baseed debt

Duration:01:17:09

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Episode 241 - Contact Tracing: A Crypto Solution to the Pandemic?

5/29/2020
Welcome to another episode of the Crypto Basic Podcast, where today we’ll be talking about -surprise surprise- the COVID-19 pandemic. It’s not a random commentary episode though, no general rambling, but a discussion on what we think might be a possible solution for the coronavirus crisis: Contact Tracing. Decentralized, blockchain based, anonymous and, as far as the data predicts, VERY effective. Tune in now to learn the ins and outs of it, and how it would revolutionize pandemic management. Relevant Links NCase.me Website that has the covid playable simulatorsSource Code for DP-3T Labsncase.me

Duration:00:47:03

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Episode 240 - Could you get paid in Bitcoin to... walk?

5/23/2020
_Hello everybody and welcome to another episode of late capitalism, where the labor theory of value is VIOLENTLY becoming obsolete, because now you might be able to get paid in cryptocurrency to perform tasks such as walk, talk, cook (for yourself), throw a tennis ball against the wall, or even just exist. Wow. Tune in to hear the guys talk about sMiles, the weird yet intriguing project that promises all of the above, and find out a couple more unconventional ways to earn crypto on top of that._ The startup, StandApp, will soon launch SMiles, an app that allows users to earn crypto for performing simple everyday activities. CEO of Shape Igor Berezovsky says he wants to make people healthier, wealthier, and happier. Shape was started in 1999 and appears to be a company that makes apps. "SHAPE is one of a few startups worldwide that managed to develop more than one bestselling app." Started an app called IM+ that aggregates all your messages from all the different apps. According to Berezovsky, users will get satoshis even for driving, although not as much as for walking since the app wants to promote a healthy lifestyle. This got me thinking about the future. Is this one of the standards we are going to see over the coming years ? Brave was the first one to do this. Is this going to make users lazier or healthier? Like getting paid for Beta testing a video game? What's the incentive for getting paid for driving? Or running? Gamifying life seems dangerous but also kinda cool. Having sex? What is the incentive for an app to pay for running? Is this the new model?

Duration:00:34:36

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Episode 239 - The most common crypto noob mistakes

5/19/2020
Welcome to the Crypto Basic Podcast! Today the gang is in a talkative mood and goes on tangents on several issues, but we're focusing on some stuff like Brent's BIG crypto mistake (tune in to find out) and what similar mistakes you should look out for, Adam's dating life, post-covid bailouts, cruise ships and more. Press play! It's a good one.

Duration:00:58:39

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Episode 238 - Should you trust Binance?

5/15/2020
Welcome to the show people! Today the gang assesses a hot topic - a user claimed on reddit that Binance "took" money from him and it blew up. Even CZ commented and got blasted. Also, we take a look at an admittedly cringy article listing the "7 deadly sins of CZ". What a day. Tune in now! Relevant Links: Reddit user calls out Binance for "accidentally" taking 12061.48 and won't give it back.CZ Responds to the reddit userThe user posts some so called proof proofSome more so called proofAnother user piggy backs off of the hype and posts "7 Deadly Sins of Changpeng Zhao"Wayback machine of CZ calling out OKIn response to if he got liquidatedhttps://www.reddit.com/r/CryptoCurrency/comments/ga027j/binance_accidentally_took_1206148_and_wont_give/foxrfbp/https://www.reddit.com/r/CryptoCurrency/comments/ga027j/binance_accidentally_took_1206148_and_wont_give/foyfpeh/Bitcoin.comSo what do we think of CZ boys?

Duration:01:02:56

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Episode 237 - Interview with Nathan Sexer and Sebastien Borget of The Sandbox

5/11/2020
Today Adam is joined by Nathan Sexer and Sebastien Borget from The Sandbox, a community-driven platform where creators can monetize voxel ASSETS and gaming experiences on the blockchain. Tune in to learn what their goals are, what amazing partnerships they've managed to secure and how they're planning to bring blockchain gaming to the forefront. Check them out over at sandbox.game!

Duration:00:41:24

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Episode 236 - How would the world perform during a pandemic under blockchain?

4/30/2020
Welcome to the show! Today the gang goes over a very interesting scenario found on twitter - what would the world look like during this pandemic, but with blockchain? Would we be better or worse off? We've got a few thoughts on that. Tune in to find out! Notes: Some of the interesting points from the thread: No, but it's still the largest network. Another more versatile coin could be the global currencyFiat is a thing of the past, and there was all kinds of weird things that happened with stablecoinsGovernments have accepted the crypto, there wasn't a revolution or anything.It's the world's most used currency, but governments still cling to their fiatCitizen have a weird mix of cash and cryptoHow to talk about your world, and what would be different:

Duration:00:43:53

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Episode 235 - Oil goes negative! How, why and what it tells us.

4/28/2020
Welcome to the Crypto Basic Podcast! This time around we're going over a truly unexpected turn of events which baffled even the most economically savvy of us (Karim. That's just Karim.) Oil went negative! A never before seen event, we try to make sense of it and pose the important questions: 1. What the hell? 2. What's the reason? 3. What will the repercussions be? All of this and more on today's show, so tune in now! ItUnderstanding what just happened with oil pricesOil crash explained: How are negative oil prices even possible?The world's on the brink of running out of places to put oilSupertankers drafted in to store glut of crude oilWhy TikTok is Now the No. 1 Social Media App

Duration:00:39:01

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Episode 234 - Safe Haven Performance in the Age of Bitcoin

4/25/2020
Welcome to the Crypto Basic Podcast! This time around we're going over one of the hottest topics of today, given the obvious circumstances: what's the safest way to handle assets during the coronavirus economic crash? What assets provide the most security, and could Bitcoin, as the flagship of the cryptoverse, be one of them? All of the above and more on today's episode. Tune in now! "In recent years, some have questioned whether Bitcoin could also serve as a safe haven. We compare the behavior of government bonds, gold, and Bitcoin from January 1995 through February 2020"In theory, Bitcoin’s fixed supply and algorithm-based issuance allow it to be independent from traditional markets, which could make it a desirable asset in times of economic stress."Comparison"Overall, our results suggest that the 10-year Treasury has generally exhibited safe-haven behavior, gold has occasionally exhibited safe-haven behavior, and Bitcoin has never exhibited safe-haven behavior since its introduction" Note: We are not financial advisors.

Duration:00:37:05

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Episode 233 - Are Tether, Libra, and other Stablecoins a threat to Fiat?

4/22/2020
Stablecoins are a part of the crytpocurreny space for better or for worse. What happens in a future where more people are using digital assets? What does the stablecoin environment do to the US Dollar? Are stablecoins like Tether and Libra a systemic threat to fiat currency? These questions are investigated by the Crypto Basic Podcast team - what place do stablecoins have in a future, and what can Tether do to get more users? Does the podcast agree with the G20’s assessment of Stablecoins in general? Where can you go to learn more about the study that was released? Well the podcast has answers for you. Pertinant Links - Are Stablecoins a systemic threat?Published Study by FSBG20 WebsiteFinancial Security BoardThe FSB is inviting comments on this consultative document and the questions set out below. Responses should be sent to fsb@fsb.org by 15 July 2020. Responses will be published on the FSB’s website unless respondents expressly request otherwise.  HELP SUPPORT THE PODCAST! PatreonJoin our Discord right hereSubscribe Via iTunesLedger Nano S or Ledger Nano XCash App has BitcoinCryptoBasic Podcast Email

Duration:00:39:05

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Episode 232 - Blockchain adoption cases review, 11 New York lawsuits against crypto companies, and more.

4/12/2020
Welcome to this week's Crypto Basic News episode! Tune in to listen to the gang talk about the progress of blockchain adoption, Cryptopia's big win in court, new lawsuits against 11 crypto companies in new York and much more! Reddit may be devising a point system on the blockchainCrypto Funding Dropped Considerably in MarchFormer UFC fighter Ben Askren shows support for Bitcoin HalvingRippleSwiftApril Rent Stats Are In And They Aren't Looking So GoodReal-life Examples of Blockchain-Based Digital TransformationsCrypto Exchange Users Get Big Win in CourtNew York: 11 cryptocurrency companies suedTHAT'S A SCAM Decentralized exchange Bisq Is Hacked For $250k+r/CryptoCurrency - I have created a list of cryptocurrency scams happening right now. I ended up losing some money last week and I don't want anyone to lose as well. So I researched on various scams taking place. If I have missed any please comment below..I will add it.

Duration:00:51:29

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Episode 231 - Microsoft's new crypto mining system patent, 2 year anniversary of Banano, and more.

4/6/2020
Hi all! Welcome to this week's edition of Crypto Basic News. This time around we're going over Microsoft's new crypto mining patent, an April fools guessing game, celebrating Banano's 2 year anniversary, and more. Tune in! Robert Kiyosaki, author of Rich Dad Poor Dad tweeted something regarding the current state of the economyEthereum-based game The Sandbox sells out third presaleBitcoin outperformed Dow & S&P in Q1Folding@Home is now the world's fastest supercomputerCoinMarketCap gets bought out by BinanceAlso, CMC had a decent April Fool's joke. And they responded to my tweet about it with a decent joke as well.BItcoin Creator also founded Monero, research suggests.Github has decided to bury Bitcoin's code inside an arctic mountain to preserve it for at least 1,000 years.Craig Wright Victorious in Kleiman Case After Signing with Satoshi's KeysFDIC has warned you not to withdraw cash from your bank accountDead ICO Sub r/gemsprotocol has been repurposed to sell rare gemsLeading cryptocurrency exchange Binance has decided to delist all leveraged tokens from its platform amidst claims of lack of understanding from its users.Microsoft Files Patent for New Crypto Mining SystemCryptocurrency System Using Body Activity Dataa brain wave or body heat emitted from the user when the user performs the task provided by an information or service provider, such as viewing an advertisement or using certain internet services, can be used in the mining process."2 Year Anniversary of BananoRemember folding at home last week? Actually Banano has been involved for over a year.and Unemploymentprojectdoubled to 6.6m$1 million every second

Duration:01:06:29

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Episode 230 - Senators dumping stocks after corona briefing, Steemit devs fork into Hive, and more.

4/1/2020
Welcome to another edition of Crypto Basic News! Our editor is SO busy in quarantine that he forgot to post this episode so you're getting it with a few days of delay. We still love him though. He may or may not be the one writing this description. Anyway, today we're talking about shady senators dumping stocks after a private coronavirus briefing, Steemit developers forking into a new platform called Hive due to Justin Sun's shenanigans, and much more. Oh, and coronavirus. Surprise surprise. Tune in now! Global cryptocurrency wallet usage has tripled in the last three years.Devs Plot Launch of Telegram’s Blockchain Without Company’s InvolvementCongress Bill Looks to create a digital dollarhttps://www.coindesk.com/digital-dollar-stripped-from-latest-us-coronavirus-relief-billFed Pledges asset purchases with no limitsBitcoin and Gold SpikeCoronavirus crisis may highlight the overlap between the surveillance state and the cryptocurrency industry.Update on some Justin Sun / Steemit Drama - BFrom Crypto Mining to Coronavirus ResearchFOLDING@HOME UPDATE ON SARS-COV-2Wikipedia and Cardano having some issuesPlease join the conversation in the Discord. We're in there all the time. Rate us on iTunes. Follow CryptoBasicBrent on Reddit. We are not Financial advisers.

Duration:01:10:53

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Episode 229 - Tezos into digital card games, MakerDAO smart contract "theft", and of course, CoronaRants.

3/20/2020
Hello and welcome to Crypto Basic News! This week we're cozying up in quarantine, staying calm and collected, and we're talking about all kinds of stuff like Tezos getting into digital card games, millions of dollars being usurped through the MakerDAO smart contract mechanism, and of course, we talk COVID-19, from its health risks to its massive possible socioeconomic effects. Wash your hands and then click play to tune in! Apparently it's alt season according to that index we talked about a few weeks ago????50 Days Out From Bitcoin HalveningCoinbase CLO Resigns to Oversee US National Banking SystemWHO impersonators are trying to steal your bitcoinTezos gets in the digital card game spaceHall of FameVitalik tweeted out a pic of what he thought the next 5-10 years of eth2 would look likeMillions of Dollars of value was usurped from the MakerDAO smart contract. (TOP STORY)RECAP QUICK - REFERENCE 101 Brent theory on how to solve this - discuss - because I can. Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing programEARN IT Act could be an attack on Encryption

Duration:01:14:49