Bitcoin, blockchain, distributed ledger, and cryptocurrency will change our future. They are terms to describe components of a technological and social revolution on the horizon. Yet, any talk of bitcoin, alternative coins (alt coins) such as ethereum, eos, ripple, or initial coin offerings (ICO’s) often come with significant speculation and hype that makes it difficult to take seriously the extraordinary underlying technology of distributed ledgers and their impact to our future. Consensus ...
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I am in a financial position that may seem somewhat unusual to you. You see, the IRS rewards me for my real estate investments by taxing me less. If, on the other hand, I keep my income in the bank, or invest it in traditional equities or bonds, the IRS shows me no mercy! Admittedly this is by design. I am a real estate professional. One of the gre…
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Up to 10 percent of my liquid assets are in very risky stuff—specifically digital assets and startups. A lot of people people think I am being irresponsible—particularly because I have a captive audience with whom I have influence. Now if I was shooting at the hip and telling you to put all your money in this stuff, I would understand. But even hig…
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EP34: Bull Markets in the Least Ugly Economy in the World!
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I am a lousy trader. I’ve said it before and I fully recognize this fact. That’s why, I try very hard to stay focussed on investing rather than trading. Nevertheless, I still get trapped in behaviors that I invariably regret. For example, you may know that I am a believer in bitcoin. I truly believe this will be one of the best investments of my li…
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This past week or two got a lot of people excited. Bitcoin broke through $5K and seemed to be headed to $6K. The usual bulls were out stomping on the grave of the crypto bears. But then the New York Attorney General filed a complaint against Bitfinex, one of the largest crypto trading platforms. It had to do with a stable coin called Tether and how…
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EP32: The Separation of Money from State
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It’s funny how long lasting paradigms perpetuate without question for centuries without being questioned. It used to be in most places, specific religions were mandated by the government to its people and heretics were persecuted. Of course that still exists in many parts of the world but the point is that a large part of the world does not see tha…
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As the story goes, in 1906, the great statistician Francis Galton observed a competition to guess the weight of an ox at a country fair. Over 800 people entered that contest. Galton, being a numbers guy was curious about how the crowd faired with its guesses. What he discovered was that the average guess, 1,197lb, was extremely close to the actual …
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Let’s talk about some things happening in the crypto space right now. Nasdaq launched real-time information on two new indices linked to the crypto asset market —Bitcoin liquid index (BLX) and Ethereum Liquid Index (ELX) were both incorporated into the Nasdaq platform on February 25th. This is sort of like the Nasdaq composite with the end goal to …
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We’ve had a lot of high profile folks on the show lately that represent the “bitcoin maximalist” crowd. In other words, they believe that bitcoin is the only worthwhile blockchain and that every other project/token out there is a “shitcoin”. There is all sorts of terminology for this—the bitcoiner, the multicoiner, the nocoiner, and then there is t…
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I’ve been off the air for a while with Consensus Network through the holidays. The good or the bad news is that there isn’t a lot of movement in bitcoin prices. Infrastructure continues to grow and projects continue to develop throughout crypto winter. Even though prices aren’t moving dramatically, the technology and laws around it are. My guest to…
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27: Crypto 202 with Chris Coney
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We are in a bear market with cryptocurrency. There is no doubt about that. How long will it last? I have no idea.However, one day a bull market shall return just as the dotcom’s did after the bubble burst in the late 90s. Then we will see the blockchain versions of Amazon and Apple skyrocket in value. In the meantime, it is winter.Now is the time w…
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Consensus Network Weekly Cryptocurrency News 12/19/18 Cryptocurrency Market Capitalization: $125 Billion Bitcoin Price (Coinbase): $3791 Crypto Come Back or Dead Cat Bounce? Bitcoin was up just under 7 percent this week. According to theblockcrypto.com, senior market analysts believe that this might be the result of traders closing out short positi…
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I don’t know if you’ve noticed, but people are overusing the word blockchain. In fact, a recent article I read exposed twelve publicly traded companies that reaped huge valuation rewards simply by adding the word “bitcoin” or “blockchain” to their name. Now listen, this technology that is coming through is special. I have no doubt about it. But eve…
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Consensus Network Weekly Crypto News 12/12/18 Cryptocurrency Market Cap: $111 Billion Bitcoin Price (Coinbase): $3463 SEC Decision on Bitcoin ETF Set for February The Securities and Exchange Commission (SEC) has postponed their decision on a bitcoin ETF again to a final deadline of February 27, 2019. The ETF in question is the one everyone was exci…
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If you follow the crypto world like I do, it seems almost a little bit ridiculous sometimes with all of these personalities threatening each other and massively volatile digital asset prices. My friend Teeka Tiwari calls these conflicts the “nerd wars” and thinks we should ignore the noise. I tend to agree in the larger scheme of things. However, I…
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Consensus Network Weekly Crypto News 12/5/18 Cryptocurrency Market Capitalization: approx $124 Billion Bitcoin Price (Coinbase): $3713 SEC Meets with VanEck SolidX/CBOE to discuss bitcoin ETF…Again We have been talking about this bitcoin ETF for some time now that involves a couple of major players including the Chicago Board of Options Exchange (C…
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One of the favorite words in crypto-Twitter these days is “Institutional”. What does that even mean? What is the big deal about these institutional investors coming in and why in the world do we care? There has been big money in the crypto markets for a while in the form of hedge funds, family offices, and wealthy individuals—all of which tend to h…
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Consensus Network Weekly Crypto News 11/28/18 Cryptocurrency Market Capitalization: $138 billion Bitcoin Price (Coinbase): $4196 Bitcoin Upturn or Dead Cat Bounce? Bitcoin broke through the $4000 level and flirted with $3500. Today, everyone is getting excited because the market is up. In fact, bitcoin is up almost 20 percent since yesterday. I’m n…
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Ep19: Hunter Horsley with Bitwise Management on Buying the Market
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There is blood in the streets of blockchain and I won’t be surprised if there is more. I suspect that it will get worse before it gets better. This whole thing started out with a consolidation and an uncharacteristically low volatility in crypto. The question was whether it was going to break up or break down. For those of us looking solely at the …
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It used to be that bitcoin was just for quirky libertarian computer scientists but somehow the virus has spread gradually into big money. How something that was never advertised goes from nothing to over $100 billion market cap in 10 years and ushers in an entirely new digital currency asset class is mind-boggling to me. So, it is particularly inte…
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Consensus Network Weekly Crypto News: 11/14/18 Cryptocurrency Market Capitalization: $188 billion Bitcoin Price (Coinbase): $5588 Bitcoin Bloodbath! Bitcoin prices fell by almost 10 percent today all the way down to $5555.34 on Coinbase. Listeners of this podcast heard Tyler Jenks with Lucid Investments last week hint at some of the chart analysis …
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As bitcoin, blockchain and other distributed ledger technologies become more mature, you will see a lot of the same financial models as you do for traditional assets like real estate and stocks—models that have been around for a long time. For example, the earliest recognized futures trading exchange was the Dojima Rice Exchange established in 1710…
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Consensus Network Weekly Crypto News November 7th, 2018 Cryptocurrency Market Capitalization: $220 billion Bitcoin Price (Coinbase): $6510 The News: SEC to Publish ICO Guidance: A high ranking official at the SEC, William Hinman announced last week that the SEC is planning to publish clearer guidance regarding ICOs. “If someone’s offering an instru…
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Ep14: Bitcoin Boom or Bust with Tyler Jenks
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Tyler Jenks has been around for a long time. In fact, he started trading the year my wife was born. You don’t see a lot of guys who are Tyler’s age in the cryptocurrency world. What that means is that we often lack the historical perspective of a new asset and the way markets mature. In fact, for Tyler, it doesn’t matter whether he’s looking at a s…
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Consensus Network Weekly Crypto News October 31, 2018 Today is the 10th anniversary of the Bitcoin white paper! Wednesday October 30th, 2018 Cryptocurrency Market Capitalization: $203 billion Bitcoin Price: $6308 on Coinbase JP Morgan Chase to Tokenize Gold Bars: Yes. You heard that right. Chase, who’s CEO called bitcoin a fraud and said he would f…
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Ep12: Mance Harmon, Hashgraph and the Future of Distributed Ledgers
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There is more to blockchain than bitcoin. And there is more to distributed ledgers than blockchain. Blockchain describes only one type of decentralized consensus mechanism. Although it is really the dominant system in this new distributed world, it’s not the only one. I’m no computer scientist by any means and I suspect you aren’t either. But I wil…
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Consensus Network™ Weekly Crypto News for 10/24/18 Cryptocurrency Market Capitalization: Approx. $210 billion Bitcoin Price: $6423 Bakkt Announces Launch Date. CBOE meets with SEC to discuss ETF. Goldman Sachs makes Huge Investment in Crypto Custodian. Coinbase DOMINATES the Crypto World. Japan Grants Cryptocurrency Industry Self-Regulatory Status.…
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Ep10: Bitcoin in Historical Perspective
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Last week on the news I told you about how Yale University has decided to get into the crypto market through its endowment. It’s just another sign of the inevitability of this technological phenomenon. The major universities have accepted that it’s real. We already know that Wall Street has as well. Now, let’s go back to the University thing. Of co…
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Market Cap about 211 Billion Bitcoin: 6444 1) Fidelity Announces a New Custody and Trading Service 2) Tether is Untethering 3) Is Bitcoin Correlated to the Markets?
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You've probably heard of people buying virtual items online like crypto kitties for example. They live only on-line so why in the world would you buy one? Well, what if you spend several hours per day on the internet. Is your cyber-bling any less important than the ones we consider "real"? When you start to understand this, you will see very quickl…
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Today is Monday October 8th, 2018 The crypto market cap is about 221 billion. Bitcoin is trading at around $6650. Yale University gets into the Crypto World Competition for BAKKT Institution buyers are making their move!
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Ep6: Libertarian Talk with Bitcoin Purist Tone Vays
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Joining us on this week's episode of Consensus Network is Tone Vays. Like many ex-wall street guys, Tone came to cryptocurrency after the fallout of 2008. We had an in-depth conversation on the libertarian aspect of cryptocurrency and its fundamental impact on the world, not only financially but also culturally. Tone is also a firm believer in Bitc…
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Headlines: 1) Top CFTC derivatives regulator says crypto is here to stay! 2) The cryptocurrency exchange Gemini has apparently secured insurance coverage for digital assets it holds in custody. It’s USD Token got FDIC coverage a few weeks ago! 3) September had the lowest bitcoin volatility in 15 months.This kind of stability in a price, according t…
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This episode of consensus network continues last week’s interview with Teeka Tiwari on the world of bitcoin, blockchain, and distributed ledger technology. If you have not listened or watched that show yet, make sure to do that. I was amazed at how much material we covered in this single interview and I think you will be too. We dove deep on topics…
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This week’s episode consensus network builds off last week’s introduction to the world of bitcoin, blockchain, and distributed ledger technology. If you have not listened or watched that show yet, make sure to do that. One of the best teachers on this topic is Teeka Tiwari, editor of the cryptocurrency newsletter called Palm Beach Confidential to w…
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The host of Consensus Network, Buck Joffrey, brings you the latest news in the crypto world as of 09/27/2018.
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Episode one of Consensus Network covers the basics of bitcoin, blockchain, and distributed ledgers by Buck Joffrey MD. This is an introduction to the topics and is intended for those with limited knowledge of the topics. In addition to discussing the technical basics in a very conceptual manner, Buck Joffrey dives into the significance of the techn…
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