FLAGSHIP FRIDAY 176

• Rapid Fire
  • Yelp added a filter for whether a place accepts cryptocurrency or not.
  • BRAVE ADS ARE LIVE! Butttttttt not in my region. Damnit.
  • https://cryptocurrencynews.design/nike-releases-patent-for-cryptokicks-cryptocurrency/
    • files for patent in cryptocurrency space. The patent is for something called "Cryptokicks". Pure speculation but it could be a way to get shoes on the blockchain so when a shoe changes owners, it is cemented there. Secondary markets are huge with shoe sales. Also, could be an incentive system, reward mechanism so people can get CryptoKicks coins every time they purchase a Nike shoe.
    TD Ameritrade Reportedly Testing Bitcoin (BTC) and Litecoin (LTC) Trading - BeInCrypto
• Bandit makes off with Million of ETH by brute force - BRENT
  • Has gotten away with nearly 45,000 ETH
  • There was a firm that was trying to find a way to guess wallets
  • They started with wallets that began with the number 1.
  • They then tried to narrow down the wallets with 2, 3, 4, and so on
  • When they actually managed to guess some, they were a little shocked to realize that the wallets had already been emptied.
  • They found 732 wallet keys with this method
  • They were all emptied by the same attacker
  • Their conclusion is that some ETH private keys can be guessed by using cloud computing tech - and this was likely from a wallet provider taking shortcuts in the code and cutting off a lot of the complex parts.
  • Or that the wallet's code was malicious to begin with.
  • They were also able to replicate the experiment on Bitcoin, but without finding as many private keys.
  • They still found 100 - and every wallet was also already emptied.
• BMW announces VerifyCar powered by VeChain (Story 1) - BMW using blockchain at VeChain Summit 2019
  • "We built a digital ledger using the VeChainThor blockchain, and every interaction of the car will have a stored hash key on the blockchain." - Cihan Albay, Lead of IT Tech Office Singapore BMW Group
  • This was announced at VeChain's first summit April 18th in San Francisco.
  • 3 blockchain use cases for why BMW - mobility services such as DriveNow & ParkNow to allow users to share cars like what Airbnb has done for the housing market. Supply chain and blockchain can help organize everything. Customers - help with loyalty programs and other financial services
  • VeChain has successfully gone thru the StartUp Garage, BMW's four month incubator and are working together moving forward
  • VerifyCar is a vehicle digital passport. Apparently odometer fraud is a big problem in the automotive industry. 1/3rd of all vehicles sold have manipulated odometers in Germany ($3400 fraud per car). This will allow verification of odometer and the maintenance history to be on the blockchain.
• Samsung has been doing some blockchain signaling. (BRENT) Samsung Developing Ethereum-Based Blockchain, May Issue Own Token - CoinDesk
  • First, they've invested $2.9 Million into Ledger. Check the shownotes for a ledger nano S referral link :)
  • Clearly they've heard the rumor that their wallet sucks
  • They're not done.
  • They've also started to develop an ETH Based sidechain
  • They aren't necessarily making Samsung coin
  • They're leaning towards a private blockchain.
• Binance DEX (BRENT)
  • Let's talk a little about the Binance "Decentralized Exchange"
  • Firstly this all comes with a migration to the Binance main-net
  • CZ has been very clear ETH is superior to their coin.
  • Binance coin has been one of the better investments of the year, we agree with a lot of what CZ does, and Binanc...

# Episode 169 - Flagship Friday

Today we talk about everything from Formula One Racing to Metamask. Karim, Adam, and Brent are hardly able to even get through a rapid fire section without some commentary, and they go over the dumb and dumber that is the Weiss Ratings on this edition.

Rapid Fire

[Fidelity has so many people at the firm on board with crypto. The MOST RELEVANT real money firm is turning into a crypto culture. How great is it that the work culture is beaming with crypto enthusiasts. Itâ€TMs a part of the pipeline that needs to be laid for mainstream mass adoption](https://twitter.com/aridavidpaul/status/1110824390646743041?s=21)

[Ari Paul ⛓ï ̧ on Twitter](https://twitter.com/aridavidpaul/status/1110824390646743041?s=21)

[Initial Exchange Offering -](https://www.reddit.com/r/ethtrader/comments/b6b2ev/initial_exchange_offering_a_new_alternative_to_ico/?st=JTSBN1LZ&sh=fd4021d2)

[r/ethtrader - Initial Exchange Offering: A New Alternative to ICO?](https://www.reddit.com/r/ethtrader/comments/b6b2ev/initial_exchange_offering_a_new_alternative_to_ico/?st=JTSBN1LZ&sh=fd4021d2)

[Tether had 100% of the Stablecoin market this time last year. Now it's 75%](https://twitter.com/ceterispar1bus/status/1109782306372255744?s=20)

[r/ethereum - The Samsung Galaxy S10 has shipped but only users in Germany, Korea and the U.S. are able to use its crypto features for now. Not a bad start!](https://www.reddit.com/r/ethereum/comments/b6660y/the_samsung_galaxy_s10_has_shipped_but_only_users/)

[Formula One is getting into blockchain](https://www.trustnodes.com/2019/03/27/formula-one-enters-partnership-to-launch-ethereum-based-blockchain-game). - Adam
- They will have nfts in the game. Makes me think youâ€TMll be able to collect cars old and new
- What are some of the best games youâ€TMve seen in the blockchain space so far?
- Formula One, or their parent company Liberty Media, has not yet responded to confirm the partnership, with it unclear at this stage whether theyâ€TMve just bought the branding rights or whether there is closer collaboration.
- This is actually a big deal for blockchain gaming

[Formula One Enters Partnership to Launch Ethereum Based Blockchain Game](https://www.trustnodes.com/2019/03/27/formula-one-enters-partnership-to-launch-ethereum-based-blockchain-game)

[Metamask has been in the news](https://twitter.com/metamask_io/status/1110989506134446081?s=19) - Brent
- Metamask has a setting that makes it non-private. It basically does this to communicate with DApps, but in doing so it basically broadcasts your public ETH address to every website that you access.
- They've always had a private mode, but it would make it a little clunkier to operate with the sites that it integrates with (imagine like using radar relay, they already know you have metamask when you go there).
- Well the community started to have an outcry about this and doesn't want their address broadcast like this by default.
- What would other coins do?
- What metamask did.
- [Weiss ratings](https://weisscrypto.com/en/cryptos/screener/shared/coins-by-market-cap) are out! Lets play ESPNnnn - Karim
- 3 Categories
- Overall rating
- B- Bitcoin, Ripple, EOS, Binance
- C+ ETH, LTC, Stellar, Cardano, Tron, NEO
- C Monero
- Technology/Adoption Rating
- A Btc, Ripple, EOS
- A- Eth
- B+ Stellar, Litecoin, Cardano, Neo, Zcash, Bitshares, Steem
- Investment Risk/Reward Rating
- B Binance
- C- Litecoin, Holo
- No one got an Overall A,
- [Imagine having to convince your grandmother to start using cryptocurrency.](https://www.reuters.com/article/us-crypto-currencies-compliance-idUSKCN1R90FR) - Adam

[Compliance officers wary of switch to 'Wild West' crypto sector](https://www.reuters.com/article/us-crypto-currencies-compliance-idUSKCN1R90FR)

Thats loosely what these head hunters are going through.
- The crypto world is burgeoning and these companies are looking to recruit employees from comfy positions while making them understand the importance of cryptocurrency as an innovation. Could unexpectedly be very tough
- [Saw some bullish news about crypto.com and decided to see what their MCO card is all about](https://help.crypto.com/mco-visa-card/mco-visa-card-limits-and-fees) - Brent
- Shady af.
- So they have a bunch of card tiers and a bunch of cool cash back stuff.
- I had to give them a picture of my ID before I could even find their fees. Literally the FAQ says you have to look in the app for fees
- On their website everything looks so good - free spotify, 1% cash back bla bla bla.
- The fees are 3.5% per purchase, and that's without the exchange fee / rate.
- [Nearly all bitcoin trades are fake???](https://www.technologyreview.com/the-download/613201/nearly-all-bitcoin-trades-are-fake-apparently/?utm_medium=tr_social&...

Welcome to the first ever CryptoBasic Panel Discussion After moderating some panels overseas, Brent thinks he can do it all the time. Is he right? I dunno it sounds like he is – he’s gotten some of the best in the business together for the first panel of the new year. Today Joel Comm, Matthew Aaron, and Forrest AKA Hashoshi talk about everything from Ronnie Moas to Censorship on Patreon. Join them as they talk about the difficulties and responsibilities of being content Creators in this market.

LINKS TO TOPICS FROM THE SHOW

• Bad Crypto Podcast Website
• Joel Comm Twitter
• Crypto 101 Media
• Matthew Aaron Twitter
• Hashoshi Youtube
• Hashoshi Twitter
• Hashoshi Website

HELP SUPPORT THE PODCAST!

PATREON!

Join our Discord here

PLEASE Subscribe and give us an honest rating on iTunes.
These links are all referral links for us, but we use every one of these exchanges and wallets.

Binanace.Je – Binance Jersey referral link. - Well we don’t technically use this, because we can’t. Non-US only

Ledger Wallet Website This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S.

CASH APP HAS BITCOIN! If you sign up through that link the show gets $5 and so do you! Stop the presses. The easiest to use money transfer application (yes it's easier than Venmo) now as a built in way to buy and sell Bitcoin. They even have a no - fee debit card you can use.
[email protected]
405.440.3260

Theme Music - Neledrax by Earradiate (2017)

Mike sits down with Simon Harman from Loki to talk about all things cryptocurrency. They talk about everything under the sun, Privacy, messaging apps, and more. Just check out the episode and you’ll hear some great things from a knowledgeable person in the crypto space.

LINKS TO TOPICS FROM THE SHOW

Loki Project Twitter

Loki Github

Loki Subreddit

Linked iN

HELP SUPPORT THE PODCAST!

PATREON!

Join our Discord here

PLEASE Subscribe and give us an honest rating on iTunes.
These links are all referral links for us, but we use every one of these exchanges and wallets.

Ledger Wallet Website This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S.
CASH APP HAS BITCOIN! If you sign up through that link the show gets $5 and so do you! Stop the presses. The easiest to use money transfer application (yes it's easier than Venmo) now as a built in way to buy and sell Bitcoin. They even have a no - fee debit card you can use.
[email protected]
405.440.3260

Theme Music - Neledrax by Earradiate (2017)

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!

• Report in the Economic Bulletin from the Kansa City Fed
• "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"
• They point out that historically during times of financial stress people tend to shift towards safer assets
• Safe Haven defined - an asset which is uncorrelated or negatively correlated with riskier assets during times of stress
• US Gov securities considered "quintessential safe haven against stock market." but they point out some studies have found Gold behaves this way as well
• "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."
• They examine 10-year Treasury note & Gold by looking at correlations of daily returns compared to SP 500
• 1995 to 2020, and they chose this spread to have an equal pre and post bitcoin period
• Comparison
• Bunch more charts, essentially showing that
• 10 year Treasury negative and statistically significant correlation across all stress periods
• gold has only behaved like a safe haven in certain periods of financial stress
• Bitcoins correlations with the S&P 500 are not statistically significant in any period and positive in all but one
• Extra tidbit on current downturn, Bitcoin again has a positive, statistically significant correlation, suggesting it performed like a risk asset in March rather than a safe haven.
• "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.