Crypto 101 - What Is A Test Net? The Part Time Economist podcast

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Understanding Taxes as a Newly Formed Small Business - Part 2 of the Small Business Starter Kit 28:24

for 25 dage siden28:24

28:24

In our second installment of the Small Business Starter Kit series - we’re tackling a topic that’s sometimes tricky, sometimes confusing, but ever-present: taxes. Hosts Austin and Jannese have an insightful conversation with entrepreneur Isabella Rosal who started 7th Sky Ventures , an exporter and distributor of craft spirits, beer, and wine. Having lived and worked in two different countries and started a company in a heavily-regulated field, Isabella is no stranger to navigating the paperwork-laden and jargon-infused maze of properly understanding taxes for a newly formed small business. Join us as she shares her story and provides valuable insight into how to tackle your business’ taxes - so they don’t tackle you. Learn more about how QuickBooks can help you grow your business: QuickBooks.com See omnystudio.com/listener for privacy information.…

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Crypto 101 - What Is A Test Net?

for 3 år siden 8:07

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Indhold leveret af Part Time Economist. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Part Time Economist eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.

A recent feature update on the Cardano blockchain caused a "catastrophic" failure that wiped out over two years of transaction history. Thankfully, this occurred on a test net and although no real funds were lost, this Cardano example brings up a good point that applies to the broader cryptocurrency world. What is a test net, how do they work, and why are test nets so important to cryptocurrency blockchains? As always, this is not financial advice. Rather it is my best effort attempt to provide general cryptocurrency education. #ada #cardano #vasil

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54 episoder

#Entrepreneur #Business #Time Economist

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Crypto 101 - What Is A Test Net?

The Part Time Economist

published for 3 år siden

Del

MP3•Episode hjem

Indhold leveret af Part Time Economist. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Part Time Economist eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.

A recent feature update on the Cardano blockchain caused a "catastrophic" failure that wiped out over two years of transaction history. Thankfully, this occurred on a test net and although no real funds were lost, this Cardano example brings up a good point that applies to the broader cryptocurrency world. What is a test net, how do they work, and why are test nets so important to cryptocurrency blockchains? As always, this is not financial advice. Rather it is my best effort attempt to provide general cryptocurrency education. #ada #cardano #vasil

… continue reading

54 episoder

#Entrepreneur #Business #Time Economist

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1
Splinterlands DEC-B Proposal = Capitulation??? 14:46

for 2 years siden14:46

14:46

The Splinterlands team recently revealed a proposal that will simultaneously give players deep discounts on purchasing in-game items like land potions, upgrading guild halls, and purchasing skins while also boosting the price of the in-game Dark Energy Crystal cryptocurrency. Some see this as a win-win proposal that makes the game more affordable to players while boosting the value of the DEC cryptocurrency, but others point out that the most recent Splinterlands proposal may be inherently inflationary with lots of unintended consequences. In today's post, we are talking all about the most recent Splinterlands proposal to issue DEC-Battery at a 20% discount to DEC. It might seem like I am excessively bearish on the game, but I want to be clear that this video is not financial advice. Further, I do still like to play the game, but I wish it could just go back to the days when it was a fun game with lots of cool technology and a robust and enthusiastic community. It seems like the community has become increasingly divided, and players don't know what to expect or how to plan for the constant changes. Even if the game isn't as lucrative from a financial perspective, it might make sense to refocus on getting the gameplay right, having a steady set of rules, drawing in new players, and letting the market adjust accordingly. Just my humble thoughts. #sps #dec #splinterlands…

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Reviewing 2022 in Cryptocurrency 13:46

for 2 years siden13:46

13:46

Less than 12 short months ago, BTC was trading at over 50K, Ethereum was trading at over 4K, and the entire crypto world looked forward to 2022 with the hope that easing lockdown restrictions and a growing economy would bring good fortune to the crypto market. It was predicted that Bitcoin would reach over 100k, adoption would grow, and a new financial paradigm would emerge. Although many of these rosy predictions didn't come true, others, such as SBF’s foreshadowing that many crypto exchanges were “secretly insolvent” proved eerily accurate, and billions of dollars were lost through exchange failures, hacks, and scams. Join me in today’s video where we recap the biggest crypto news of 2022. #crypto #cryptonews #ftx…

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Splinterlands Soulbound Rewards - Another Nerf or Brilliant Anti-Bot Measure?? 14:50

for 2 years siden14:50

14:50

The Splinterlands blockchain-based video game has considered introducing solulbound NFT rewards cards in an effort to stop bots from farming the rewards, selling them, and driving down the value that real players earn from interacting with the game. Although the intentions behind the introduction of soulbound NFT rewards in Splinterlands are noble, will it really help? Or, will bots find a way around the proposed changes and continue to extract maximum value from Splinterlands simply by the raw number of matches they play? I'll let you be the judge because in today's video, we are talking all about soulbound rewards in Splinterlands, what they mean for the game, what they mean for bots, and most importantly, what they mean for you the player. #nft #splinterlands #crypto…

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Save America for only $99 - Analyzing Trump's Superhero NFT Drop 12:23

for 2 years siden12:23

12:23

Donald Trump's recent superhero NFT drop quickly sold out, and the floor price of the Trump NFTs on OpenSea is currently sitting at about 4X the initial purchase price of $99. This implies that both the collection and initial Trump NFT investors received a handsome reward, but there could be an even bigger reward as each additional sale of the Trump NFT collection receives a 10% creator fee. In this post, we will briefly explore the Trump NFT collection while also examining some of the advantages that NFT drops could play for future political fundraising. #nft #trump2024 #trumpnft As always, not investment or political advice. Link to the official video https://www.collecttrumpcards.com/…

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Cryptocurrency and Contrarian Investing - Fear and Greed + RSI Explained 9:24

for 2 years siden9:24

9:24

The legendary Warren Buffet once said that it is wise for investors to be “fearful when others are greedy, and greedy when others are fearful.” Similarly, the infamous Nathan Rothschild said that "the time to buy is when there's blood in the streets." As the cryptocurrency market continues to experience unprecedented volatility, many investors wonder if it is the perfect time to buy or if now is the time to sell before the price crashes further. Although this is NOT a financial advice or trading strategy video, the recent crash of the cryptocurrency market makes it a perfect time to discuss what contrarian investing is as well as the significance of the fear and greed index and relative strength index in the crypto markets. #crypto #btc #cryptonews…

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Forbes Article Gets $100 Billion Bitcoin Price Prediction WRONG??? 11:18

for 2 years siden11:18

11:18

Outrageous cryptocurrency price predictions are nothing new with many people seeking to gain clout and followers by predicting either an extremely high price or, in other cases, predicting that the price of bitcoin will go to zero. While sensationalist cryptocurrency price predictions are both amusing and understandable, we generally expect that more established financial publications will perform their due diligence and offer relatively accurate insight. That's why this recent article by Forbes that mentioned a 100 billion price prediction for BTC caught my eye. This wasn't some average joe making a bold bullish prediction, but a well-respected financial website. If they were reporting a $100 Billion Bitcoin price prediction, it certainly deserved my attention.....so...I looked into the article only to find that they had confused the difference between price and market capitalization. Mixups such as these remind us it is always important to do our own research in crypto and fact-check our sources even when they are generally well respected. In today's post, we will cover the difference between market cap and price while also explaining just how hilariously absurd a 100 Billion Bitcoin price prediction would be. This article is not financial advice, and I would also like to say that this is in no way intended to poke fun at Forbes. Simple errors can be made by anyone, but I do feel that this presents a good teaching point. #crypto #btc #priceprediction…

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Nexo Calls It Quits - Why Regulatory Uncertainty Hurts US Crypto Users 9:33

for 2 years siden9:33

9:33

Over the past couple of years, we have seen the worst of the worst when it comes to crypto lenders. Celsius, FTX, and countless other firms have lost billions in customer funds and face accusations of mismanagement. So, if there was a cryptocurrency lender that could demonstrate proof of reserves, had a stable track record of safeguarding users' funds, and was working with regulators, one would think that regulators would welcome them with open arms and work together to forge a partnership between regulators and crypto that would show the world the true power of a properly regulated crypto lender. Unfortunately, we see that this is not the case, and crypto lender Nexo just announced it is leaving the US market. No, Nexo hasn't mishandled customer funds or lost billions. Despite working with regulators for over 18 months, they simply can't get a straight answer on how to comply with US cryptocurrency regulation, so they are calling it quits in the US market. In today's post, we will examine how a lack of regulatory clarity discourages honest cryptocurrency companies while encouraging the wreckless companies that don't care about regulations. #crypto #nexo #defi…

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Coinbase Wallet vs Apple - What Does It Mean For Your NFTs?? 8:22

for 2 years siden8:22

8:22

In the latest cryptocurrency drama, many Apple users woke up to find that they could no longer sell or transfer their NFTs out of their Coinbase wallets. This nasty surprise is all thanks to Apple's policy which requires a 30% cut of all in-app purchase fees. Despite demanding a 30% fee, Apple's in-built payment system simply doesn't work with crypto, and Coinbase was unable to comply with Apple's demands and had to remove the NFT feature to remain listed on the app store. So, what does this mean for the countless users who now have their NFTs stuck in the Coinbase wallet, what does this mean for decentralization, and what's the solution? We're talking all about it in today's video. #coinbase #crypto #nft…

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Grayscale, wBTC, and Self-Custody - FTX Fallout Continues 11:18

for 2 years siden11:18

11:18

In the weeks since the complete implosion of the FTX cryptocurrency exchange, it has become clear that billions of dollars worth of customer funds weren't the only casualty of this disaster. In addition to the massive loss of wealth, the market is flashing big red warning signs that customers' trust in crypto-related institutions has been completely decimated. People are pulling their crypto off exchanges en masse, and both wBTC and Grayscale's Bitcoin Trust are trading at a discount to "real" BTC. These indicators show us that investors realize the difference between owning their crypto and owning a claim on an asset that may or may not be honored. #btc #gbtc #ftx…

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FTX Implosion - Another Day, Another Failed Crypto Exchange 11:00

for 2 years siden11:00

11:00

In a situation that has become far too familiar to cryptocurrency investors, the FTX cryptocurrency exchange recently filed for bankruptcy. As a result, customers have lost around $8 Billion. Although we have become accustomed to failures of cryptocurrency exchanges, FTX stands out because it was supposed to be the "good guy" of crypto. Celebrities and YouTubers alike eagerly promoted FTX, and many people saw FTX as a safe place to park their cryptocurrency. So, what went wrong, and more importantly, what does the FTX disaster mean for you and the future of crypto? #ftx #ftt #crypto…

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Why So Centralized - Centralized Node Hosting Jeopardizes Decentralization 13:32

for 2 years siden13:32

13:32

The Solana blockchain narrowly averted another network outage as cloud service provider Hetzner turned off 40% of the nodes with the flip of a switch. The issue isn't unique to Solana, and centralized providers host up to 70% of Ethereum's nodes. Cryptocurrency is built on the premise of decentralized participation, but there are strong economic incentives that push many node operators toward centralized hosting solutions. In today's post, we will examine why centralization is so common in an ecosystem that prides itself on being decentralized. #sol #eth #crypto…

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The Dark Side Of Play To Earn - Halloween Edition🎃 13:43

for 2 years siden13:43

13:43

Play-to-earn gaming (P2E) leverages blockchain technology to allow players to earn real-world rewards for simply playing their favorite video games. Play-to-earn gaming sounds like a utopia that pays players for having fun, but could there be a dark side to P2E gaming? In today's post, I'll discuss the controversial theory that it is only possible for play to earn gaming to be profitable if there is either a constant inflow of money from new investors or if the development team can extract increasing buy-in from existing players. #crypto #playtoearn #p2e…

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Deflationary Cryptocurrencies Explained - With Examples 12:39

for 2 years siden12:39

12:39

Contrary to popular belief, having a limited or fixed supply does not make a cryptocurrency or other asset inherently valuable. Rather, price is determined by both supply AND demand, and assets that are produced in small quantities (limited edition NFTs, deflationary cryptos) can still decline in value if there is no demand. In today's post, we will explain that true scarcity in the economic sense depends on both supply and demand. Further, we will analyze why deflationary assets don't always go up in price. As always, this is not financial advice and is simply a best-efforts attempt to explain basic economics. #crypto #defi #nft…

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Non-Transferrable Tokens - What Are They and How Do They Work?? 9:52

for 2 years siden9:52

9:52

Non Fungible Tokens, also known as NFTs, are a fantastic way of representing assets as we move to an increasingly digital world. Because NFTs leverage the power of blockchain technology and cryptocurrency, it's possible to have an immutable public record of who owns what, but it's also possible to sell and trade assets on decentralized marketplaces. But what if there were times when we didn't want people to be able to transfer certain things? What are some examples of why we would want a Non Transferrable Token, and how would they work? That's what we're talking about in today's video.…

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Crypto Deep Dive - Omnibus Wallet Model Explained 21:09

for 2 years siden21:09

21:09

Many cryptocurrency experts recommend keeping your cryptocurrency offline in cold storage for maximum security, but what happens when you do send your crypto to a third-party cryptocurrency exchange? What goes on behind the scenes, and how do cryptocurrency exchanges keep track of who owns what? Just as important, how is it possible to trade on crypto exchanges with virtually none of the fees associated with blockchain transactions? Join me in today's video as we take a deep dive into the omnibus wallet model of cryptocurrency storage. We will discuss how the omnibus wallet model works, some of the risks of the omnibus wallet model, and finish up with some examples. #crypto #blockchain #cryptocurrency…

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