Episode 27: Litecoin, Bitcoin and other Crypto Currencies

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I recorded this a month ago so some of the information in regards to “cases” and recent events is somewhat dated but all the information presented is still very relavent.

Today I talk about…

  • How Crypto Currencies Work
  • Why Cryptocurrencies are a good thing for liberty.
  • What is a “miner”?
  • The Mt. Gox Disaster and why its a good thing
  • The myth that Bitcoin enables Drug Dealers and Terrorists
  • And More.

NOTE:

I didn’t finish my posts on how to build a miner and no longer advocate it with the advent of ASICS, specialized systems that mine but at fractions of the heating cost.  Basically its getting hard for the small guy to get in on it.  I have exited my position as a miner but continue to trade the markets and have been doing pretty well.

 

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