• theswissroadtocryp

10 most important headlines in Crypto in August 2021

august transcript

[00:00:00] Welcome Withrow to crypto monthly review for the month of August, where we discuss the main headlines in crypto and discuss their significance to do this. I am joined as usual by Malraux Cappiello founder and CEO of big blockchain innovation group. And by Alex Poltrack founder and co CEO of Elsa net AI.

Hello, Alex, are you there? Hello, Alex. I've chosen three themes and we will examine them in more detail. The themes this week are one user adoption, the second regulation and third defy and NFT and hacks facts related to defy. Uh, starting with the first theme. Here are some headlines that I've come across in their attended and they are intended to show if crypto adoption is increasing or not either as a means of payment or as an investment or as an object of speculation.

[00:01:00] The answer is clearly yes, that crypto adoption is increasing some headlines square customers spent 2.7 billion on Bitcoin and the second. The number of investors owning Bitcoin has tripled since 2008. JP Morgan launches an in-house Bitcoin fund for wealthy clients and AMC to accept Bitcoin for tickets and concessions.

Later this year, AMC has entertainment holdings with which runs the largest movie theater chain in the us, and they will begin accepting Bitcoin payments for tickets and concessions. By the end of the year, anything that you would like to react to either . It's cool. It's great to hear. I'm not surprised.

Uh, you know, I think, uh, w what we're seeing in the last weeks and months and years, and especially yet, I was kind of watching this, this kind of video with. What was it more skinned? The Twitter guy. Yeah. Jack Dorsey [00:02:00] and Kathy woods. Uh, the B word. Yeah. Yeah, exactly. Exactly. So I think that had, I have a feeling this had kind of major impact in the industry, uh, as our belief that again, you know, crypto prices.

So, um, I think very good, very good news. Right. And not surprised, not surprised, especially. You know, since we know JP Morgan has been in a blockchain and crypto since probably 2015, I guess. So for before, right. They had the team which were building in-house, uh, applications and solutions and some of them are, most of them have left and done their own thing.

But yeah. So I think finally they come to peace with it at JP Morgan. And I'm always surprised with numbers of investor owning Bitcoin, uh, and this kind of thing, because it's, it's very difficult to, to these first, uh, like numbers of addresses on the Bitcoin network, as you [00:03:00] probably know, doesn't indicate any how the number of users.

So yeah, it's to be difficult to. Interpret these numbers, but definitely we can see more adoptions with all the announcements. The AMC I'm really interested is are they holding the Bitcoins or silent that makes change in four years or four yet? That we don't know, but we'll see what time, but absolutely, as you say, I'm a user investors, who's really an investor.

Who's a speculator, who's using it as a means of payment. All that is still unclear lines. Don't really mention it. Moving on to a few more of these types of headlines and then we'll move on to regulation. So relating to adoption still. Walmart is looking for a crypto product lead and micro strategy announces a new Bitcoin buy or purchase worth $177 [00:04:00] million.

Bitcoin infrastructure from Blockstream is valued at 3.2 billion and a new deal. As part of the financing Blockstream has acquired an Israeli Bitcoin mining manufacturer named spawn duties, which will allow Blockstream to enter the ethic manufacturing business. And for people who don't know, Blockstream also manages a satellite network work, which broadcasts all blocks, uh, overall all the time.

So if the internet goes down, you can still use a Bitcoin. And, uh, one more headline, uh, Coinbase to add $500 million in crypto to the current holdings. So that's going to be on their balance sheet that they say Coinbase will be purchasing more than 500 million. In cryptocurrency to add to its holdings, the edge exchange, a CEO, and co-founder Brian Armstrong tweeted on Thursday.

The day he tweeted that they had received the board of approval to add the assets to the balance sheet. He also wrote, and this is [00:05:00] maybe more interesting that Coinbase will invest 10% of all profit going forward into crypto, who would like to react. Yeah. And I did surprise the, to see the creep, the word instead of the Bitcoin word for the Walmart's announcement.

Why? Uh, I mean, I would understand what they're doing if they are talking about accepting Bitcoin payments. Uh, but they don't understand at all. What they're looking into with creeped up product leaves would imagine the stable coin now. Maybe maybe, maybe DC. That's my CVTC is my favorite. Nobody here likes it.

The boy on this podcast more than I do here, Alex, maybe they're going to go with ether maybe, maybe who knows. We'll see about MicroStrategy moon. Surprise. The total. I think we were talking about this last month [00:06:00] when the prices were. Uh, fight the bound. Uh, we were kind of expecting to see some announcements from nuclear strategy, and I think they, they made a good profit on those 177.

But tell me, do you find it a significant that Blockstream is entering the Asics market? Oh, definitely. They, they are. Uh, one of the miners they own in mining infrastructure, they recently announced some dock and that kind of stuck in nice the cloud mining. So people can burn seats, meaning, uh, our, in their facility, in their cloud facility.

And now they own mining manufacturer. So yeah, it's definitely. No, I think it's obviously very interesting to all these, uh, big companies enterprises, uh, are now obviously as well, looking at [00:07:00] Intuit, I saw some, some information during the day where, you know, somebody did some research and said 50, 60% of the banks are looking into blockchain.

So, you know, I would see, I would expect. That we're going to see this in the non-financial industries to see it's still probably are facing, you know, uh e-commerce or anything like that payments or, or not. Maybe they do it for other reasons, but I think what's following on what's happening in the financial industry is going to happen in the day industry as well that companies will, uh, research use use cases, find use cases.

Yeah. And also about the valuation is not that surprising because some companies are directly entering into Bitcoin and crypto and some are buying shares of companies involved in crypto. So yeah. [00:08:00] Blockstream is one of the biggest between infrastructure companies. So it's not so much surprising. Okay.

Some headlines on regulation. So this is the second sort of theme regulation. So the purpose of these headlines is to see how regulation or impending regulation as is affecting crypto. But again, here we must distinguish between regulation of firms offering crypto services. And regulation of underlying blockchains, which they radically shouldn't, you know, aren't, if they're really decentralized and the permissionless aren't going to be regulated by an authority.

So at first up a Binance. For people who listened last month to this, the review, we spoke a lot about Binance and Binance I was saying is important because it does a lot of volume on an exchanges and many customers leave their assets with Binance and regulators in the UK, in China and Japan have had problems with UK have had problems with Binance [00:09:00] and said they weren't operating in a compliant way.

But as Binance is looking to do an IPO in the USA, they've been doing. Please regulators there. And notably, they had hired a Brian Brooks, the CEO of Binance USA, who was previously head of the Coinbase legal department and served on the board of Fannie Mae and the OCC. So the big headline here is that he has stepped down the U S head of crypto exchange, Binance USA quits after three months, he said he cites strategic differences.

And also concerning Binance, Binance enforces, mandatory KYC on all users, amid mounting regulatory pressure role. You'd like to react to that because last belong to, you had said yes, by Nance or the type of people who like to go find out where the limit is before they, the regulator comes and hit, slaps them over the rest of them.

When I read it, a few things went to our mind, first of all, uh, you know, Uh, the actual CEO is not going to let go. Right. Um, so [00:10:00] he's probably not the person who has built up everything and now wants to just, uh, leave it to somebody else. I can assume that, you know, uh, to the outside, there's a CEO and so forth, but, you know, uh, day-to-day, there's probably a good, the question.

How much are the CEO? Uh, direct or not. So I'm just speculating, but maybe that's one reason that maybe he's already left and within the two months and deal the thing. Yes. It said clearly an IPO would, would kind of make these guys pretty rich. Uh, instantly, right. Uh, I still think that the, you know, this industry, or at least I haven't seen it yet.

Not many people who even do that kill step up, they continue to stay and want to contribute in the, in the industry. Mature have a Binance, but I would imagine it. Yeah. I, I have some manner of feeling about stepping down. Um, [00:11:00] I tried the. I tried Binance yesterday and they still don't enforce any, can we see you still crypto to crypto and withdraw up to two DTC per day with no QVC at all?

So, yeah, maybe doing public announcements, like enforcing stuff and not doing anything. Maybe this is the reason. Okay, moving on to another sort of a firm that's been in the press related regulation is BitMax. So BitMax crypto exchange to pay $100 million to settle probe. A group of companies that operated the BitMEX crypto exchange will pay a hundred million dollars to settle allegations that they allowed years of illegal trades and violated anti money laundering rules.

Resolving one of the first big cases in an emerging us crack down on digital tokens. BitMEX broke regulations by letting us [00:12:00] residents trade cryptocurrency derivatives from, from at least November, 2014, to October, 2020, the CFTC commission said, so I mentioned this because upon the CFTC. The in the U S um, which is the commodities futures trading commission, uh, had charged.

In fact, they had charged Bitcoin owners for people who don't know BitMEX itself is registered in the Seychelles. But w but it had offices worldwide, and much of the volume of its transaction and fees were derived from operations of the platform in the U S and its extensive solicitation and access to us customers.

That was the, uh, the complaint. And so it went after the owners of, of BitMEX. So the question is, does this clean up, uh, the future. Trading activity because BitMax has always had a bit of a reputation of money laundering and staying outside of regulators, purview, and the Americans didn't like that saying you get most of your clients from the U S [00:13:00] seeing as they're so incredibly profitable blade max and the owners wanted to continue probably doing business.

They decided to settle and pay that's my that's my reading. But, uh, does, does this clean up the industry and are we finished with the regulation on BitMEX? Honestly. If you were so, so bad, his hundred million is not too much. Yeah. That's also good. I thought I'm sure they made billions in. Yeah, it's almost ridiculous.

Compared to 2014 to 2020 trading volume on these sections, it's completely ridiculous. So I don't think it's a up yet. I think it's a first movement in that direction, but the cleanup will come after. Something like a 80% correction on the Bitcoin price and all the cryptos due to some major fraud that will happen on these kinds of exchanges until then they will not really close, not, not yet, in [00:14:00] my opinion, moving on to, uh, the next team or sort of the last team, which is, uh, defy, NFT and hacks.

So here, we're going to look at the recent, uh, EIP, is that Ethereum? That Ethereum improvement proposal 1 5, 5, 9. That came into force. We're going to in the month of August, the hack of Pauline network, not to be confounded with polygon. And we're going to talk a little bit about, um, NFT then. Price is being paid for NFTs, but also for, uh, NFTs that come from a game.

Ah, and also there was one other headline that I thought was quite interesting and that maybe Alex will want to react to before we get into that, which was polygon merges with headmaster network and a $250 million deal. Polygon layer, two platform on Ethereum is merging with the roll-up platform, Al mez network and a $250 million deal.

And he, and he remarked Sarah. Yeah, that's really interesting because for [00:15:00] prior to this move, there was some, let's say competition between a layer two platform for theater, and it was not really clear, which one will will be, uh, will be used. Yeah. The problem with these layer. Two solution is that if there are many different layer, two solutions, you're kind of segmenting the device space.

And these are low compositionally to your smartphone. So it's better. If it's happening on the same layer, two platform, much, much better for the users you consider Alma as a leader in, in zero-knowledge, um, in roll-ups in CK proofs and roll-ups stuff. Uh, well, on the, on the technical level, definitely they are the, the people behind the.

Zero knowledge, uh, proof libraries like zero com to create here is the case dark secrets. [00:16:00] So on the, on the technical level, they are definitely the leaders for me, uh, on the let's say promotion sites, they, they were, uh, behind, um, behind. If you are others. So this marriage kind of reinforced both sides and it's interesting to see how they emerged the marriage really buffed the teams, the tokens.

And I think it's the first time that when two talkings are merged into, into one, uh, crypto ecosystem and we will see how, how it evolves. It's increased. Moving on to, uh, so Ethereum, so as I was saying, proposal came into force, I think the August 5th, but people don't know EIP is Ethereum improvement proposal, but the most sort of, uh, striking aspect is that, uh, it's data base fees by users will be burned to ensure that, uh, basically, uh, [00:17:00] a user to ensure that its transaction gets in to a next block.

He can, he will know in advance the sort of base fee that he needed. Pay to get into the next block and these fees will be burned. These base fees. The idea is create a deflationary asset. Uh, Dustin increase basically the price of Easter over time because there will be less of them. So I found a little headline that says basically to put things into perspective over the five days since the activation of VIP 1 5, 5, 9.

So this was five days. Came in, uh, 21,000 ether had been burned. In other words, 4,200 ether burned per day. Bear in mind that to ether alongside, uh, collective transaction fees are rewarded to minors at each block happening every second. Every about every 13 seconds. Sorry, since we have eight 86,400 seconds in a day.

As such 13,200 new ether are created every day. [00:18:00] So this hard fork, this London, the tip 1 5, 5, 9, that approximately 32% of the daily Ethereum supply has been removed permanently the reinforcing the narrative as ether, as a scarce and deflationary asset asset. So my question is, do you think, uh, this was going to have a deflationary effect?

Well for now, it does. And someone pointed me that, uh, for now they inflation on, on IEF is lower than the inflation on Bitcoin. You have to put things really into perspective. So, uh, Bitcoin have a finance supply ether. We'll be mining coins for forever, at least as it is for now. And as everything, the monetary policy of fifth year in can be cheap.

Uh, and, uh, the way, uh, it changes is kind of centralized on the, [00:19:00] on the and foundation and on the team issuing the, the gift client. So I don't call it deflationary system. I. Don't call it finance supply or anything like that. Last podcast. I, my client, my guest was a fellow named Thomas grow light and he wanted one of his ideas was that basically the barium founders and ruling class don't have a good history of keeping promises.

They have a good history of breaking promises, so he died. They don't have much credibility in his eyes. So, uh, Yeah. Maybe from a time from a delivery point of view or, you know, potentially, right. Right. His idea was that they said we were going to get rid of proof of work. We still haven't gotten rid of it.

And every time we, every time there's a price to pay the, they basically cut the block, reward down from one from five to four to three. So honestly it's honestly, [00:20:00] it's kind of politics too. Put miners back into their position and, uh, these load them from, uh, participate into the politics, moving on to another one of, uh, Alex's favorite subjects and FTEs.

Um, so, eh, It basically increased. I think the has been a growth catalyst on a, on Ethereum. There's been an 18% increase in an FTE is being traded on Ethereum in the last seven days. So, uh, Just to tell you that some prices here are for certain things seem to be completely ridiculous for NFTs and art. Uh, I'm pulling this from the newsletter from Anthony pump's Liano, he's saying that basically zero interest rates have created a monster and the monster is an FTS.

So he goes on to describe NFTs, but let's say the art form of NFTs are people creating. What, what somebody might call art. [00:21:00] In the format of an NFT. So as he says, what exactly is art? Is art determined by the buyer or by the seller? Maybe art is whatever you want it to be. I'm siting Anthony pump's Liano here.

I don't know the answer on art, but I do know the young people are buying in. If T's have fake rocks for tens of thousands of dollars. Back in 2017, someone created 100 rocks and I thought these rocks are just, you know, The drawings of a rock created 100 rocks and allowed people to buy and sell them. And then he cited some of the prices.

So like rock number 8 95 is trading for 31 ether, which is about $93,000. Rock number 46 is trading whatever for $125, $125,000. So it does look like completely ridiculous prices. So should I, but then we have another application of ACCE, a game, which is another application of NFTs, which I do find is better.

So shall we let me stop right there [00:22:00] on the art part and do, do want to make any comments there, Alex. Thanks. I have remark on the 18%, uh, Price increase in the seventies due to, to the NFT sector. Uh, in the previous topic, we said it was, uh, thanks to the AP, uh, 1559. So is it thanks to burning some Eve? Is it thanks to, is it due to the NFP sector or is it simply due to BTC pricing?

I honestly think the latest Okie dokie. Mauro. Anything you want to add? Oh, sorry, Alex. No, go ahead, Alex. No, just about these strokes. I think I should really create a new category and if the nonfunctional bullshit should talk in, but non-tangible [00:23:00] DBS. Do you want PST for bill should token or just be SNF FTB as well?

What are the, what shall we, what do you want to name it? Uh, from my point of view, I, I was kind of listening to metallic deal the day when he spoke at, uh, on Bloomberg. Um, you know, kind of, obviously I do see that like the ICO's NFTs, uh, you know, create more traffic and action on the theater. I think I can see that now.

Is it, uh, is it now. You know this enhancement. I'm not sure about that, but I generally see that obviously all these new initiatives define all those create more traffic on, on a theater, which is obviously, you know, as he says is, uh, you know, the, the whole industry, uh, did not expect this growth or they are fighting and they are coming.

Good, five, six, uh, idea, um, development improvements to address [00:24:00] them. But yeah, as you said, your friend said did, yeah, it usually does. Happen as fast as, as they promise. Yeah. Okay. But here we have another example of what I consider a real good use case of an NFT, but you could argue it's not really an NFT, which is actually which of the game apparently being played in a lot in the Philippines.

So it's a, it's an, a game. And in the game you will. You can win these NFTs. You can win these sort of tokens. And so NFD is the first game to hit the tokens from this game actually are the first to hit $1 billion in sales. Uh, it has crossed over. So the Ethereum base NFT game Aksia infinity has crossed the $100 billion in sales data from crypto slam shows.

Uh, uh, so for, for people who don't know, this game is very big in the Philippines and you can win. Things in the game that are NFTs or tokens that you end up selling on an [00:25:00] exchange for ether, a Bitcoin, and then you either keep your ether a Bitcoin or you, or you sell your ether Bitcoin into theater current.

If you need that. And. Apparently people make a lot more money. Some people make a lot more money doing this and their real day job. I mean, they make a, you know, maybe between 500 and a thousand dollars a month from what I hear, which is a lot of money for a lot of people and not just young people, I mean, even older people and they find it fun and they don't want to go back to their day job.

I suppose you could argue. And I, that it's not really an NFT because in the same sense as a, as a, you know, a rock, a drawing of a rock is because in fact, too, when these, this, this NFT in the game, you have to buy the game, which has proprietary software. So it's limited in that sense or it's protected. And that sensor it's, that, that's how you're going to prove its authenticity, as opposed to just, you know, drawing up a JPEG file.

Um, [00:26:00] So, if you like a, I'm sort of the opinion that NFTs have a big potential, but we haven't quite found them yet, but probably the game part is, is, is a potential use case. I don't know if you'd like to comment there. Um, neither Alex tomorrow. Yeah. I think gaming industries, definitely one of the biggest potential.

And if the user. Uh, in the future, I don't know about this particular experience. Uh, but yeah, we will see people experimenting with stuff and some of these stuff will be more efficiently replaced with a database. Then some will benefit from this centralized infrastructure and we will stick to, to, to be used on, on a decentralized infrastructure.

It all have a cost. So. At some point money will, will dictate the reality. [00:27:00] You see, I think the NFT, um, especially, you know, I P somebody designing something or, and then selling it, and this can be around use printer or whatever. Uh, then I think it's, it's interesting. And it, for me, it's interesting because everything which.

If it's for me, it's like an e-commerce platform now, right? In a way you have an idea what you want to sell, and then there's a payment service. There's an exchange service. There's this there's that, you know, I think this makes it kind of interesting or, um, because it's kind of like the surrounding applications are there, uh, to, to kind of.

Just focus on your idea published at and everything else, which is required to process this acquisition, KYC, whatever you name it, all of that exchange is there. So it becomes a little bit of a puzzle, which you know, is, um, which comes together like a [00:28:00] e-commerce platform, which provides you all the payments.

Yeah. That's an interesting idea. The idea that it's, in fact, a quickly you've created a platform very quickly. To do create a business or to create a, to create a business around, uh, around something that we're going to call an NFT, basically. Yeah. Hmm, right. Or, you know, maybe you want to call it whatever else.

Right. But it's something which you have the creativity, the idea do you want to sell? And now everything around to do that, to make this happen, is it, and as Alex says, we'll see what time, if he's area is the best place to do that, or you can just do it better on a decentralized database. And that's it.

Distributed database, maybe decentralized database is a blockchain. So two headlines relating to defy. And these headlines for me, show the problems. And defier, we wonder if. If these things are really defy. So [00:29:00] Avalon two tokens. One is avalanche AvaTax, token jumps on $180 million incentive program. The price of Avonex, the token of the avalanche platform has surged third, Wednesday after avalanche announced plans for $180 million liquidity mining incentive program.

To increase its scale in the world of decentralized finance. The token was up by 16% in the last 24 hours at press time grading a $27 69 cents. The price has more than doubled in the past month. According to data from Massari. So basically this really sounds like, is this really define, or is this just another pump and dump?

And which of course, if you consider the pump and dump it, of course will bring regulation. And then of course, if it brings regulation, then we see it's not defined. So there's a, pre-sale they pump a little bit, the pre-sales, some people make a lot of money that doesn't really look like decentralized to [00:30:00] me.

And, uh, uh, and you know, and if there are people running this platform, They got a lot of stuff on a pre mining on a pre-sale basis, then you have somebody to go after. So it's not really deregulated, decentralized, which of course it will bring regulation. And then of course, we'll see, it was never defined decentralized in the beginning.

So there was that headline and then there was the more interesting one still, which was hacker steals. 600 million. Yeah. Unlikely unlikely the largest defy crypto theft. So, uh, $600 million in cryptocurrency from a protocol called Pauli network, which is not the same thing as polygon that led you there swap tokens across multiple blockchains.

Uh, the crypto hacker then returned $250 million. So let me read to you. Uh, the, the write-up on this by a developer named [00:31:00] Jimmy song. And so I think this reflects a lot of what's going on. The biggest defy hack ever was on the Pauline network across multiple chains that amounted to $600 million in value.

The smart contract was obviously flawed and had a bug, which the hacker was able to exploit. I don't really like calling these people hackers because in a sense they are doing something that any good lawyer would do with a normal contract. That is, they are looking through the terms of the contract for advantages that they can get a lot of the media, uh, treat this perfectly legal execution of the contract as something that was sinister when it's really a flaw with the complicated, smart contracts themselves.

There wasn't a server that was hacked into or keys stolen from somebody that was simply an overlooked, badly coded clause. And the smart contract that was executed and a smart contract code is supposed to be law. So to call this person, a hacker is dishonest. [00:32:00] It's a person that executed the contract in a way that the designers of the smart contract didn't expect, expect this is just a terribly managed pro project.

And the blame is entirely on the developers and the poor quality of the platform. Let me finish up by saying that he continues to be song. The more interesting thing here is that the hack which was normally worth 600 million was settled for 500 million, $500,000. Bug bounty. So from 600 million to 500,000, what happened and how was it the hacker?

Why has the hacker settled for so little shortly after the disaster Pauline network sent out a tweet to ask for the money back as can be seen by heat, by the tweet above that he includes what is interesting is the embedded. Quote, you will be pursued. The key is the next sentence about not doing any further transactions.

This was because polygon developers essentially got the cooperation of miners and exchanges to completely [00:33:00] censor this one address. For all their talk of decentralization, a centralized organization was able to block a user from spending. In other words, the theory and Binance are centralized chains. You do not own these coins as much as you have access to them with the central controller's permission.

So again, for me, both of these really don't speak well for, for defy. Any comments there. Um, I thought a lot of comments there, a lot of comments there. So first of all, as I understood even the bug bounty was returned, which to mean the cave. Are you there? That's the hacker was really white hat hacker, who, who did it just for fun and to show the, the weakness of the smart contract or that they really were able to locate him.

And that he, he got really scared and just return the return, everything to [00:34:00] be on the safe side. Like not, not to have anything to attacked with legally, uh, then on the, on the smart contract and Cody's is low thing. I really liked more the comparison with, uh, the vending machine. Uh, contract. Yeah, because the, the vending machine or to meet, he put some money in and, uh, uh, and you, you get the product and this is a bit weird, uh, vending machine, where if you just try to press several buttons at the same time, you see all the products falling down and you can collect them for free.

So, yeah. Uh, Yeah. So in terms of decentralization and can we really call it defy, decentralized finance protocol? I had a, uh, interesting, uh, discussion on the [00:35:00] Swiss defy telegram group where I just throw the lethal deep coming back from a surfing betaine conference. Uh, posting a photo, uh, RGB, uh, presentation and workshop, and it's the E and the fifth year.

And I just trolled and the started the kind of hot discussion where some people were discussing the, basically the. Uh, design of RGB for better or worse than there is some limitation in RGB. For example, a state of the smart contract is always owned by, uh, by someone with a private. And on a serum, you can do these contracts where the state is not owned by, by anyone.[00:36:00]

And so people were kind of complaining that you can't do that on RGB and older from RGB replied that in the real world, there is no such thing that no ownership. So, uh, I, I find it really interesting. So to see if it's really decentralized, try to think who is the owner? Is it the multisignature wallet?

Meaning that there is someone who owns access. Maybe this ownership is distributed, but, uh, the reason your sheep were easily really like, for example, like . It's not owned by anyone, which is a kind of new category, in my opinion, uh, in the real world it's, uh, any, any value is owned by someone which may be the state or a person or a company, but there is [00:37:00] ownership and you have to look who is the owner.

Malraux did you want to make any comments related to, um, to the hack of Pauline network or of the avalanche token? Oh, the, um, more just went to my mind if you know, this was a whole publicity act all together. Uh, you know, just to kind of create the tension here, but in this bottle. Yeah. In a way I think it.

Uh, you know, people looking for holes, as you said, Alex, right? Uh, exposing a little bit the protocol, which in a way obviously helps to make it robust serpent. Yeah, that's it. All right. Thank you gentlemen. So we'll meet again next week. We try to keep them there next month. Sorry, next month. And we'll discuss, uh, we'll discuss more things.

Okay. Okay, gentlemen. Thank you very much. Bye-bye bye-bye

there are no [00:38:00] advertisements on this podcast, but if you would like to be able to contribute directly to content creators, and thus reduce the importance of centralized platforms and the importance of advertising the lightening network enabled. The lightning network enables you to stream money by the second for bait for less than 1 cent, no PR system could ever compete with lightning network.

In order to do this, you need to download a podcast player that allows for payments with lightning. Currently I'm aware of to the breeze wallet, which is a lightning wallet and the podcast player and the fountain app, which is a podcast player that allows streaming of upsets. As you do this little by little, you will become comfortable with lightning and you will see how easy it is to use.

And then little by little, you will see that it is the most under appreciated asset in crypto today that probably has the greatest potential to change how we make payments. You can also contribute directly to this podcast by visiting the website Swiss road to crypto.com and [00:39:00] contributing there or contributing through one of the two podcast players.

I mentioned above and streaming thoughts as you. If you'd like to get in contact with me, you can visit the website of the podcast. Website is the swift road to crypto.com and sign up for the newsletter and send me an email there. If you would like to help other people find this podcast, please leave a review on apple podcast.

You can do that even if you don't have enough. Go to Google type the Swiss road to crypto crawl down to the bottom of the page and leave a review or give it a five star rating if you so choose that helps other people find the podcast as well.

0 views0 comments

Recent Posts

See All

00:00:00] Romain: we have some fantastic stories about like, uh, people, one thing, which is common to all these clients, it's not luck, it's always about first, curiosity and education. And once they