Go Full Crypto

60: US Banks to become Custodians of Bitcoin

US Banks are gearing up to offer their customers the opportunity to buy Bitcoin and offer custodianship for that Bitcoin. We discuss the pros and cons of this news, as well as what this means for ownership and adoption of Bitcoin. Tune in to hear a discussion on what this means for Bitcoin, frontrunning, and ponzi schemes.
 
(00:00) - Introduction
(02:07) - Two interesting pieces of news that hit the cryptosphere recently
(04:06) - US Banks have declared that they will start being custodians of Bitcoin
(10:20) - Making a case for the likes of Wealthsimple
(12:34) - Trust in banks, vs trust in crypto
(19:32) - Discussing Frontrunning
(26:28) - Is money a Ponzi Scheme?
(36:23) - Wrapping up, and closing thoughts
 
Edited and Mixed by Kaushik Sethunath.
Visit the Go Full Crypto website at: https://www.gofullcrypto.com
 

59: Crypto Literacy - How to Take Advantage of Debt

There is good debt and bad debt. You can make debt work for you, or you can work for your debt. This episode is all about discovering the different types of debt out there, and how debt works for you inside of the world of crypto. If you have found yourself buried in debts, it is helpful to be aware of strategies you can use to improve your financial situation.
 
(00:00) - Introduction
(01:58) - Keegan's experience paying off student debt
(07:32) - Good Debt and Bad Debt
(10:06) - Keegan thinks he shouldn't have paid off his student debt as quickly as he did
(16:08) - How to tell if the debt you have taken out is good or bad for you?
(24:03) - What if you can't get better interest rate on your debt?
(33:02) - Steps to improving financial profile, and always pay yourself first!
(35:16) - Closing Thoughts
 
Edited and Mixed by Kaushik Sethunath.
Visit the Go Full Crypto website at: https://www.gofullcrypto.com
 

58: Bitcoin Volatility - To HODL or not to HODL?

HODL stands for Hold On for Dear Life. This week, Bitcoin experienced a 27% drop since its all time high at $65k USD. Believe it or not, this is a pretty normal thing for Bitcoin to do. This sort of volatility is, and should be expected. It’s part of the healthy growth cycle that Bitcoin goes through. Additionally, we talk about what sort of events around the world caused Bitcoin to take such a precipitous drop in price.
Lastly, we had to pay homage to an individual that is no doubt responsible for massively contributing to Bitcoin pre-2008. His name is Len Sassaman, and we can’t wait for you to hear who he was, and the life that he had.
 
Mentioned in the episode:
KeykeeperIRA - Holding Bitcoin in an IRA or 401(k) for potentially removing all future appreciation of Bitcoin from taxation.
News on Biden taxing capital gains at 40%
Keegan's newsletter on Len Sassaman
 
(00:00) - Introduction
(02:09) - Bumpy week in Crypto, and the philosophy of HODL
(06:27) - Could a proposed new Tax bill in the US have anything to do with the crypto dip?
(11:33) - Making the case for volatility
(16:00) - To HODL or Not To HODL?
(22:22) - Talking about Len Sassaman
(27:09) - What's to come for Bitcoin?
 
Edited and Mixed by Kaushik Sethunath.
Visit the Go Full Crypto website at: https://www.gofullcrypto.com
 

57: Three Ways to use Binance to Make Money

One of the exchanges we enjoy using most often is Binance. In this episode, we talk about how Binance got its start in 2017, and became one of the largest cryptocurrency exchanges in the world. We break down the core token (BNB), and talk about the passive income opportunities on Binance the exchange, and Binance Smart Chain.
 
Sign up for Binance here - http://binance.com/?ref=10128239
Keegan's Newsletter on Using Binance for Passive Income
 
(00:00) - Introduction
(01:53) - Discussing Binance, and some of the services they offer
(05:41) - Why trust Binance? Discussing a hack that happened a few years ago
(11:30) - Discussing BNB - Binance's Token, and their savings account/wallet
(19:52) - Making your BNB work for you, through Launchpad
(28:14) - What can you do on the Binance Smart Chain?
(34:02) - Summary
(35:57) - Closing Thoughts
 
Edited and Mixed by Kaushik Sethunath.
Visit the Go Full Crypto website at: https://www.gofullcrypto.com

56: Financial Literacy for living on Crypto

This is a Go Full Crypto check-in episode. We have been pretty well living with 100% of our finances in cryptocurrency since January. This is largely thanks to our Crypto.com VISA Debit card that allows us to spend from our "Crypto Bank Account". We touch on Financial/Crypto literacy, as well as the difficulties with having the time to take part in cryptocurrency in the first place.
 
Crypto.com SignUp - https://crypto.com/app/f1mseyi44r
Keegan's Mentioned Newsletters:
Creating Passive Income using Crypto.com
All The Ways to Go Full Crypto using Crypto.com
All The Ways I use Binance to Generate Passive Income
 
Timestamps:
 
(00:00) - Introduction
(02:06) - Checking in - How is 'Going Full Crypto' going for Keegan and Mruga?
(05:27) - How knowledge and experience has pushed us to rely on the banking system less
(11:43) - The infrastructure that helps us get closer to Going Full Crypto - crypto.com debit card
(15:03) - Its hard to stay up to date with crypto, and be financially literate 
(19:48) - Back to the crypto.com VISA debit card, and optionality and power
(25:18) - Is understanding finance and money, more complicated than it needs to be?
(32:07) - Closing Thoughts
 
Edited and Mixed by Kaushik Sethunath.
Visit the Go Full Crypto website at: https://www.gofullcrypto.com
 
 

55: Healthy Bitcoin Skepticism

Blind allegiance to anything is probably not a good thing. Nothing is perfect, including Bitcoin. In this episode, we explore some of the flaws of Bitcoin that Mrugakshee discovered while researching for a Bitcoin Webinar. A healthy dose of skepticism from time to time keeps us rooted in reality!
 
Keegan's Newsletter on Sathoshi Nakamoto- https://keeganfrancis.substack.com/p/my-thoughts-on-satoshi-nakamoto
 
Videos by Coding Jesus that sparked the curiosity of learning about Bitcoin's flaws- https://www.youtube.com/watch?v=vjwVtl-VBDw
https://www.youtube.com/watch?v=n0cpX0se6hI
 
Timestamps:
(00:00) - Introduction
(01:26) - Mruga finds reasons to question belief in Bitcoin, inspired by YouTuber 'Coding Jesus'
(04:27) - Is Bitcoin still used as, and considered, electronic cash?
(13:05) - The importance of Bitcoin's origin, and Satoshi Nakamoto's anonymity
(16:28) - Does Bitcoin not being anonymous, get in the way of it being censorship resistant?
(29:05) - Can Mining Pools censor transactions?
(37:13) - The fungibility of Bitcoin
(45:07) - Closing Thoughts
 
Edited and Mixed by Kaushik Sethunath.
Visit the Go Full Crypto website at: https://www.gofullcrypto.com

54: Catching Criminals using Bitcoin Traceability with Larry Cameron

Must Watch Episode!
Larry Cameron joins us to talk about his role as the Chief Information Security Officer at the Anti Human Trafficking Intelligence Initiative (ATII). Part of Larry's job is to "follow the money" using a variety of data scraping tools. Larry talks about how he frequently runs into cryptocurrencies while gathering intel on human traffickers.
 
There is a lot of nuance to this discussion, and it ultimately comes back to the narrative that Bitcoin and cryptocurrencies is only used by criminals and traffickers. We get into the details and find out just how useful Bitcoin and cryptocurrencies are to the criminals that use them.
 
Email Larry Cameron at - larry@followmoneyfightslavery.org
Connect with Larry on LinkedIn - https://ca.linkedin.com/in/larrycameron80
Recognize Human Trafficking - https://www.canadiancentretoendhumantrafficking.ca/how-it-happens/
Follow Money Fight Slavery Website
 
(00:00) - Introduction
(01:55) - Introducing Larry
(05:26) - Discussing Blockchain Forensics
(09:32) - Dealing with Banks
(15:45) - "Bitcoin is used for money laundering, right?"
(26:59) - Considering the lightening network, Tor, and using the public to help you find missing persons
(39:06) - Discussing some of the harsh realities of human trafficking
(47:28) - Using software to expand on money trails
(57:49) - Why does Larry do what he does?
(01:03:05) - The Involvement of Banks in Money Laundering
(01:14:42) - Closing Thoughts
 
Edited and Mixed by Kaushik Sethunath.
Visit the Go Full Crypto website at: https://www.gofullcrypto.com

53: The Environmental Debate on Crypto

The environmental debate about Bitcoin and NFTs is red hot, and still warming up. In this episode, we break down the various arguments for and against the environmental impact of Proof of Work based blockchains like Bitcoin and Ethereum. The conversation contains more nuance than mainstream media will typically mention.
 
In order to break it all down, we state our biases in the argument, then proceed to talk about the ins and outs of Bitcoin Mining. lastly, we talk about how transactions (and NFTs) are not directly consuming electricity.
 
For more information the debate, check out Keegan's newsletter where he covers this topic from front to back - https://keeganfrancis.substack.com/p/the-environmental-debate-on-crypto
 
(00:00) - Introduction
(01:15) - Stating Biases
(04:40) - Discussing Mining and setting the foundation for the argument
(10:22) - Energy Use vs Productivity
(17:25) - More about Bitcoin Mining, and Mining Operations
(22:28) - How Bitcoin can further investments into Green Energy
(27:50) - Mining, and the Generation of Heat
(33:13) - Bitcoin is a more energy efficient monetary network than most
(39:31) - Making the argument against Bitcoin
(42:20) - There are more efficient blockchain networks out there
(45:56) - The energy cost per Bitcoin or NFT transaction
(50:33) - Closing Thoughts
 
Edited and Mixed by Kaushik Sethunath.
Visit the Go Full Crypto website at: https://www.gofullcrypto.com