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Bingecast: Blockchain and Bitcoin

With Will Fullerton

Robert J. Marks and Will Fullerton discuss what changes await as we enter the implementation phase of a foundational technology: blockchain. While China is making a multi-billion dollar investment, IBM is betting on countless blockchain projects. And by promising to disintermediate financial institutions, blockchain holds the promise of radically reducing obstacles and overhead from human transactions. Still, challenges remain to be solved that are inherent to the technology. Join Bob and Will for a stimulating conversation.

Show Notes

  • 00:54 | How to trust a car salesman
  • 01:49 | Building trust and the blockchain
  • 02:04 | Introducing Will Fullerton, student in economics at TCU
  • 02:24 | China’s massive investment in technology and AI especially
  • 03:33 | What businesses will be disrupted by blockchain
  • 03:24 | A foundational technology
  • 03:54 | What is a blockchain?
  • 04:34 | Decentralization as a key to assurance
  • 06:24 | How do I know the information cannot be altered?
  • 07:09 | Can blocks in the chain be encrypted?
  • 07:44 | Prognostications on the impact of blockchain on society
  • 09:04 | Blockchain may remove overhead, middlemen, and delay from banking
  • 09:34 | Moving into the implementation stage
  • 10:04 | The IBM embrace of blockchain
  • 10:29 | Linking blockchains like a relational database
  • 10:59 | Are blockchains scalable?
  • 11:53 | Ethereum and the “smart contract”
  • 13:04 | What about latency, as chain updates proliferate?
  • 14:04 | Real world implications of smart contracts
  • 16:02 | Might endless terms of service contracts go away?
  • 17:27 | Blockchain opening up new sources of funding
  • 19:27 | Satoshi Nakamoto’s white paper
  • 20:26 | The two components of Bitcoin: mining and trading
  • 22:26 | Why does Bitcoin work? How many people are sharing the ledger
  • 22:41 | The difficulty or ease of buying and selling Bitcoin
  • 23:51 | Places to learn how to trade: coinbase.com, poloniex.com, coindesk.combitfinance.com, bitcoin.org
  • 25:01 | Bitcoin wallets, public and private keys, and QR Code
  • 26:21 | The profusion of cryptocurrencies since 201
  • 26:46 | What determines the value of a cryptocurrency
  • 26:56 | ICO’s, Initial Coin Offering
  • 27:46 | Can anyone start their own cryptocurrency
  • 29:01 | The crypto-bust and Warren Buffet’s investment advice
  • 29:26 | Do cryptocurrencies make transactions untraceable
  • 30:36| How will the IRS tax capital gains captured via cryptocurrency
  • 31:41 | Will Bitcoin itself begin submitting 1099’s to the IRS
  • 32:16 | The use of technology for good and ill

Bingecast: Blockchain and Bitcoin