In this new episode, Scott Tindle and Johnny Gwin talk CRYPTO in everyday life, Crypto Pets, buying cars with CRYPTO & Johnny publicly pledges to NEVER again talk to people (unsolicited) about Blockchain, Bitcoin and ALT-COINS. Plus, Johnny claims ownership of the Satoshi's Wager concept and it's Scott Tindle's BDAY!
091521 - SHOW NOTES
1. Overview
2. CRYPTO NEWS Solana down for 16 hours Solana (SOL) has been experiencing the biggest technological crisis in its history since Tuesday afternoon. Probably overloaded by bots, the blockchain was paralyzed. Now a reboot is supposed to help. Solana not only leaves considerable doubt as to whether the architecture of the network is up to future challenges.
Litecoin price jumped 20 percent after hoax linked the cryptocurrency to Walmart The Litecoin cryptocurrency saw its price spike by as much as 20 percent on Monday after a fake press release claimed Walmart would begin accepting Litecoin as payment
CARDANO ADA - Alonzo Hard Fork UPGRADE Cardano’s Alonzo update brings the network much closer to its full capabilities. - prepares to enter the decentralized application space as smart contract functionality arrives.
3. JGS RANTS AND RAVES
I promise, Johnny Gwin, to no longer talk crypto with people who do not specifically ask to hear about my new fascination with this tech, currency and culture.
Some people just hate crypto - or FEAR it - or are just weird jerks
- I will not try to help NORMIES anymore without being asked
- I won't be sharing my cautionary tale of not getting in Bitcoin when I was told in 2013
- TO BE HONEST - I don't really care if you INVEST or jump in or not
- I'm entertaining myself - its like talking about my favorite band or sports team
FORGET THAT BITCOIN & BLOCKCHAIN TECHNOLOGY HAS:
- Provided a completely free market for currenciesDoing nothing and ignoring Bitcoin, you are letting individuals around the world chip away at your purchasing power by injecting faith and capital into a different, harder currency.
- EARNS YOU FREEDOM and ECONOMIC CONTROL with PRIVACY
Bitcoin is not inflationary and largely not manipulated by GREEDY NATION-STATES
- Financial Security is freedom and BTC and Crypto puts GENERATIONAL WEALTH VELOCITY IN REACH
- TRANSACTIONAL EQUALITY - Money is zero-sum and Bitcoin opened up the market for all currencies to compete at an individual level internationally.
It's not about you liking, caring about, or believing in BTC, your problem is what other people around the world believe because you are now competing with them over a fixed supply of 21 million BTC whether you want to or not.
- INNOVATION
- A peak into the future of not only financial markets, currency and investment but blockchain technology will and already is changing many many aspects of daily life.
- It's an expanding INDUSTRY that has huge opportunities for everyone
- What if you could go back in time to 1990 and tell yourself what the INTERNET and MOBILE CELL PHONES were gonna be in 2021
- THAT IS WHERE WE ARE
PASCALS WAGER = SATOSHI's WAGER
Pascal's wager - Practical argument for belief in God formulated by Blaise Pascal. ... If the Christian God does exist, the agnostic gains eternal life by believing in him and loses an infinite good by not believing.
Concept works for investing in Satoshis - the upside of having faith in Bitcoin and blockchain technology has a much bigger upside than denying it's existence and power.
We are not financial advisors and this video is most likely terrible financial advice.
$100 Coin I would buy today Johnny:
ONLINE Marketplace
Buy Your Next Car with Crypto
Digital Car Management
The more you update your vehicle’s profile, the more points you earn toward its reputation score. When it comes time to sell, you've give yourself a competitive edge.
CARRDEFI
CarrDefi relies on a decentralized blockchain system where users can buy and sell loans and assets without relying on a bank. CarrDefi combines the age-old automotive lending industry with the modern world of cryptocurrency exchanges.
CarrDefi puts the user in control, allowing easy, peer-to-peer transactions in an automotive marketplace with loan pools
CAR VIN NFT - Interesting but WHY? IS this a digital TITLE - when will States adopt this
- THE ULTIMATE CARFAX?
Scott's Picks:
Space Token - SPACE
Helium Network - HNT
$500 Coin I Would By Today
Johnny:
Yield Guild Games - YGG
CryptoWendyO turned me on to this - 50% dip in value so I jumped in
Yield Guild Games has built a community of players and investors who make money by investing in NFTs, used in virtual worlds and blockchain-based games.
BULLISH - People became more eager to participate in play-to-earn games due to the pandemic, which helped the platform grow in popularity.
BACKERS - company behind the Yield Guild Game is Gabby Dizon, a part of the team that launched the Axie Infinity and Yearn Finance Communities
NEWS
Yield Guild Games (YGG), a key investor in the “play-to-earn” arena, has teamed up with the stablecoin-focused decentralized finance (DeFi) project HaloDAO to allow its gamers to cash out using its stablecoin and gain yield.
Scott:
Solona
5. FUN NEWS
On Friday Hofmann announced via a tweet the launch of WAGMIGOTCHI, a smart contract without a front end that allows users to care for a digital pet with various needs. If one of the needs is not met, the pet “dies” and users cannot further interact with the contract.
To an outsider, WAGMIGOTCHI’s etymology is likely as baffling as its lack of utility.
The name is a portmanteau of the acronym for “We’re All Gonna Make It,” a popular phrase in trading circles used to express bullish sentiments, and “Tamagotchi,” the faddish handheld digital pets from the late 1990s and early 2000s.
Just minutes after Hofmann released the first version of the contract, overeager caretakers accidentally killed it.
“It was played with too many times consecutively and passed away from fatigue,” said Hofmann.
The NEW “WAGMIGOTCHI has four attributes that increment every 50 blocks: boredom, uncleanliness, hunger and sleepiness,” Hofmann told CoinDesk
$1000 Coin I Would Buy Today
Johnny:
The Next Generation for Digital Payments
- FOUND: Tinashe Nyatanga Moonseekers Facebook Group
Proton (XPR) is a new public blockchain and smart contract platform designed for both consumer applications and peer-peer payments. Proton removes the concept of sharing private keys directly with merchants by creating a permission-less layer that exists on top of traditional card networks and banks.
The user maintains the private key in confidence while permitting institutions who wish to authenticate the user to check with trusted institutions via public keys. The verification from the trusted institution will confirm the user’s identity without revealing the user’s associated private key.
Gone are the days of entering your bank password or credit card number online; crypto and fiat wallets alike now interact as one network to streamline the process of making and receiving payments.
Erik Voorhees CEO of SHAPESHIFT - early investor
- and 1 guy that had the first Dogecoin Wallet
6. CRYPTO LESSONS LEARNED
- losing 6000+ TEL COINS by transferring in KUCOIN
- no fees
- watch how you transfer
- find cheaper COINS to move
- Be patient and careful
CryptoPhytes airs live every Wednesday at 4PM on these Deep Fried Studios channels:
HAPPY BIRTHDAY SCOTT TINDLE!!
This show is not FINANCIAL or LEGAL ADVICE. I mean, have you ever listened to these guys before? Please send your questions to The CryptoPhytes in the comment section.