Consensus Network: Cryptocurrency News & Education
36 episodes - English - Latest episode: over 4 years ago - ★★★★★ - 18 ratingsBitcoin, blockchain, distributed ledger, and cryptocurrency will change our future. They are terms to describe components of a technological and social revolution on the horizon. Yet, any talk of bitcoin, alternative coins (alt coins) such as ethereum, eos, ripple, or initial coin offerings (ICO’s) often come with significant speculation and hype that makes it difficult to take seriously the extraordinary underlying technology of distributed ledgers and their impact to our future.
Consensus Network provides news, education, and serious discourse around the technological and social phenomenon of distributed ledgers such as blockchain technology and cryptocurrency without mention of FOMO, LAMBOS, OR MOONING.
Consensus Network is hosted by physician, entrepreneur, and professional investor, Buck Joffrey.
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Episodes
EP36: Buy, Borrow and Die: Bitcoin Style
October 06, 2019 08:00 - 45 minutes - 41.6 MBI am in a financial position that may seem somewhat unusual to you. You see, the IRS rewards me for my real estate investments by taxing me less. If, on the other hand, I keep my income in the bank, or invest it in traditional equities or bonds, the IRS shows me no mercy! Admittedly this is by design. I am a real estate professional. One of the great benefits to that designation is that all of my passive losses flow through my personal tax returns. In other words, all that depreciation and...
EP35: Cryptocurrency and Asymmetric Risk with Teeka Tiwari
September 08, 2019 14:19 - 52 minutes - 48.2 MBUp to 10 percent of my liquid assets are in very risky stuff—specifically digital assets and startups. A lot of people people think I am being irresponsible—particularly because I have a captive audience with whom I have influence. Now if I was shooting at the hip and telling you to put all your money in this stuff, I would understand. But even highly volatile investments (ie. gambling) may have their role in your portfolio. To be clear, every year, I allocate no less than 80 percent ...
EP34: Bull Markets in the Least Ugly Economy in the World!
May 26, 2019 16:00 - 1 hour - 65.2 MBI am a lousy trader. I’ve said it before and I fully recognize this fact. That’s why, I try very hard to stay focussed on investing rather than trading. Nevertheless, I still get trapped in behaviors that I invariably regret. For example, you may know that I am a believer in bitcoin. I truly believe this will be one of the best investments of my lifetime over the course of the next few years. That’s why when it dropped to $3100, I should’ve bought some more. But, I didn’t because I got gre...
EP33: Crypto thaw and Crypto Law
April 28, 2019 16:00 - 47 minutes - 64.7 MBThis past week or two got a lot of people excited. Bitcoin broke through $5K and seemed to be headed to $6K. The usual bulls were out stomping on the grave of the crypto bears. But then the New York Attorney General filed a complaint against Bitfinex, one of the largest crypto trading platforms. It had to do with a stable coin called Tether and how Bitfinex dipped into its funds to cover other shortfalls. This is an old story that the AG has finally moved on so it should not have been a surp...
EP32: The Separation of Money from State
April 14, 2019 16:00 - 1 hour - 59.6 MBIt’s funny how long lasting paradigms perpetuate without question for centuries without being questioned. It used to be in most places, specific religions were mandated by the government to its people and heretics were persecuted. Of course that still exists in many parts of the world but the point is that a large part of the world does not see that as simply status quo anymore. If you live in the United States, for example, you would likely feel very uncomfortable with the idea that the...
EP31: Blockchain, Crowd Wisdom, and AI with Cindicator
March 17, 2019 16:00 - 42 minutes - 38.5 MBAs the story goes, in 1906, the great statistician Francis Galton observed a competition to guess the weight of an ox at a country fair. Over 800 people entered that contest. Galton, being a numbers guy was curious about how the crowd faired with its guesses. What he discovered was that the average guess, 1,197lb, was extremely close to the actual weight of the ox at 1,198lb. No one person had made a guess as good as that of the combined wisdom of the crowd. Since then, there have been lot...
EP30: Dentacoin? What?
March 03, 2019 05:00 - 50 minutes - 46.7 MBLet’s talk about some things happening in the crypto space right now. Nasdaq launched real-time information on two new indices linked to the crypto asset market —Bitcoin liquid index (BLX) and Ethereum Liquid Index (ELX) were both incorporated into the Nasdaq platform on February 25th. This is sort of like the Nasdaq composite with the end goal to bolster mainstream adoption by fusing crypto assets into traditional entities like the stock market. Bitcoin surpassed PayPal in yearly tr...
Ep29: Power Ledger: Peer to Peer Energy
February 17, 2019 17:00 - 41 minutes - 37.8 MBWe’ve had a lot of high profile folks on the show lately that represent the “bitcoin maximalist” crowd. In other words, they believe that bitcoin is the only worthwhile blockchain and that every other project/token out there is a “shitcoin”. There is all sorts of terminology for this—the bitcoiner, the multicoiner, the nocoiner, and then there is the full spectrum in between. What am I? Well, it’s funny because a couple of years ago I would have been one of those people who said, “blockc...
Ep28: Does Crypto Need Rules?
January 27, 2019 17:00 - 45 minutes - 42.2 MBI’ve been off the air for a while with Consensus Network through the holidays. The good or the bad news is that there isn’t a lot of movement in bitcoin prices. Infrastructure continues to grow and projects continue to develop throughout crypto winter. Even though prices aren’t moving dramatically, the technology and laws around it are. My guest today is at ground zero for all of those developments. Her name is Amy Wan. The last time I interviewed her, it was for Wealth Formula abou...
27: Crypto 202 with Chris Coney
January 06, 2019 17:00 - 1 hour - 61.6 MBWe are in a bear market with cryptocurrency. There is no doubt about that. How long will it last? I have no idea. However, one day a bull market shall return just as the dotcom’s did after the bubble burst in the late 90s. Then we will see the blockchain versions of Amazon and Apple skyrocket in value. In the meantime, it is winter. Now is the time where you learn about projects and buy them at a steep discount. The truth is that the vast majority of these cryptocurrencies will never re...
Ep26: Weekly Cryptocurrency News 12/19/18
December 19, 2018 21:00 - 12 minutes - 11.4 MBConsensus Network Weekly Cryptocurrency News 12/19/18 Cryptocurrency Market Capitalization: $125 Billion Bitcoin Price (Coinbase): $3791 Crypto Come Back or Dead Cat Bounce? Bitcoin was up just under 7 percent this week. According to theblockcrypto.com, senior market analysts believe that this might be the result of traders closing out short positions. According to Math Greenspan of eToro, “Closing short sell positions creates an upward pressure on prices. Evidence: BCH is up the m...
Ep25: Nic Carter and the REAL Value of Blockchain
December 16, 2018 17:00 - 50 minutes - 46.7 MBI don’t know if you’ve noticed, but people are overusing the word blockchain. In fact, a recent article I read exposed twelve publicly traded companies that reaped huge valuation rewards simply by adding the word “bitcoin” or “blockchain” to their name. Now listen, this technology that is coming through is special. I have no doubt about it. But even actual blockchain projects may not have a real reason to include distributed ledgers. All of this, of course, is going to flush out over the...
Ep24: Weekly Cryptocurrency News 12/12/18
December 12, 2018 18:00 - 14 minutes - 13.3 MBConsensus Network Weekly Crypto News 12/12/18 Cryptocurrency Market Cap: $111 Billion Bitcoin Price (Coinbase): $3463 SEC Decision on Bitcoin ETF Set for February The Securities and Exchange Commission (SEC) has postponed their decision on a bitcoin ETF again to a final deadline of February 27, 2019. The ETF in question is the one everyone was excited about because of the sponsors, the Chicago Board of Options Exchange (CBOE) and VanEck SolidX. The big issue of concern voiced r...
Ep23: How to Scale Bitcoin with Samson Mow
December 09, 2018 17:55 - 50 minutes - 46.7 MBIf you follow the crypto world like I do, it seems almost a little bit ridiculous sometimes with all of these personalities threatening each other and massively volatile digital asset prices. My friend Teeka Tiwari calls these conflicts the “nerd wars” and thinks we should ignore the noise. I tend to agree in the larger scheme of things. However, I do think that this kind of chatter hurts the evolution of this asset class. In times like these it is important to understand that underlying...
Ep22: Weekly Cryptocurrency News 12/5/18
December 05, 2018 18:00 - 18 minutes - 16.6 MBConsensus Network Weekly Crypto News 12/5/18 Cryptocurrency Market Capitalization: approx $124 Billion Bitcoin Price (Coinbase): $3713 SEC Meets with VanEck SolidX/CBOE to discuss bitcoin ETF…Again We have been talking about this bitcoin ETF for some time now that involves a couple of major players including the Chicago Board of Options Exchange (CBOE). A lot of people believed that given the CBOE involvement that this ETF would eventually find its way through the SEC. So representat...
Ep21: The Conservative Investor’s Case for Bitcoin
December 02, 2018 17:53 - 57 minutes - 52.5 MBOne of the favorite words in crypto-Twitter these days is “Institutional”. What does that even mean? What is the big deal about these institutional investors coming in and why in the world do we care? There has been big money in the crypto markets for a while in the form of hedge funds, family offices, and wealthy individuals—all of which tend to have a greater appetite for risk than say a pension fund or a University endowment. The latter are more conservative because their primary objec...
Ep20: Weekly Cryptocurrency News 11/28/18
November 28, 2018 20:00 - 13 minutes - 12.6 MBConsensus Network Weekly Crypto News 11/28/18 Cryptocurrency Market Capitalization: $138 billion Bitcoin Price (Coinbase): $4196 Bitcoin Upturn or Dead Cat Bounce? Bitcoin broke through the $4000 level and flirted with $3500. Today, everyone is getting excited because the market is up. In fact, bitcoin is up almost 20 percent since yesterday. I’m not a trader. I’ve made that very clear in the past so I don’t buy and sell on short-term market movements. However, I am looking for a b...
Ep19: Hunter Horsley with Bitwise Management on Buying the Market
November 25, 2018 17:00 - 1 hour - 61.6 MBThere is blood in the streets of blockchain and I won’t be surprised if there is more. I suspect that it will get worse before it gets better. This whole thing started out with a consolidation and an uncharacteristically low volatility in crypto. The question was whether it was going to break up or break down. For those of us looking solely at the macro picture, the involvement of institutions and the potential for an ETF made us believe things were going to break for the better. In ...
Ep18: Institutional Interest in Cryptocurrency with Michael Moro
November 18, 2018 17:00 - 52 minutes - 48.6 MBIt used to be that bitcoin was just for quirky libertarian computer scientists but somehow the virus has spread gradually into big money. How something that was never advertised goes from nothing to over $100 billion market cap in 10 years and ushers in an entirely new digital currency asset class is mind-boggling to me. So, it is particularly interesting to people who watched it happen. Michael Moro has been involved with bitcoin trading before the infamous Mount Gox hack and has watche...
Ep17: Weekly Cryptocurrency News 11/14/18
November 14, 2018 23:01 - 10 minutes - 9.78 MBConsensus Network Weekly Crypto News: 11/14/18 Cryptocurrency Market Capitalization: $188 billion Bitcoin Price (Coinbase): $5588 Bitcoin Bloodbath! Bitcoin prices fell by almost 10 percent today all the way down to $5555.34 on Coinbase. Listeners of this podcast heard Tyler Jenks with Lucid Investments last week hint at some of the chart analysis that indicated a potential drop in the market. Well, I guess he was right. Now Tyler also suggested bitcoin prices could go A LOT lower (a...
Ep16: Leveraging your Crypto with Fiat Loans: Zac Prince of BlockFi
November 11, 2018 17:00 - 50 minutes - 46.3 MBAs bitcoin, blockchain and other distributed ledger technologies become more mature, you will see a lot of the same financial models as you do for traditional assets like real estate and stocks—models that have been around for a long time. For example, the earliest recognized futures trading exchange was the Dojima Rice Exchange established in 1710. And now, the Chicago Board of Options Exchange sells bitcoin futures contracts. Not too far in the future, you will see bitcoin treated like...
Ep15: Weekly Cryptocurrency News 11/07/18
November 08, 2018 01:20 - 14 minutes - 13.7 MBConsensus Network Weekly Crypto News November 7th, 2018 Cryptocurrency Market Capitalization: $220 billion Bitcoin Price (Coinbase): $6510 The News: SEC to Publish ICO Guidance: A high ranking official at the SEC, William Hinman announced last week that the SEC is planning to publish clearer guidance regarding ICOs. “If someone’s offering an instrument for money or other consideration to a third party, and that third party expects the offerer to generate a return or something that ...
Ep14: Bitcoin Boom or Bust with Tyler Jenks
November 04, 2018 17:00 - 1 hour - 95.6 MBTyler Jenks has been around for a long time. In fact, he started trading the year my wife was born. You don’t see a lot of guys who are Tyler’s age in the cryptocurrency world. What that means is that we often lack the historical perspective of a new asset and the way markets mature. In fact, for Tyler, it doesn’t matter whether he’s looking at a stock, gold, or bitcoin. He is known as a master of chart analysis. What does that mean? It means he studies patterns without regard to any a...
Ep13: Weekly Cryptocurrency News 10/31/18
October 31, 2018 19:48 - 13 minutes - 12.4 MBConsensus Network Weekly Crypto News October 31, 2018 Today is the 10th anniversary of the Bitcoin white paper! Wednesday October 30th, 2018 Cryptocurrency Market Capitalization: $203 billion Bitcoin Price: $6308 on Coinbase JP Morgan Chase to Tokenize Gold Bars: Yes. You heard that right. Chase, who’s CEO called bitcoin a fraud and said he would fire any of his employees who traded it, seems to have capitulated to the reality that blockchain and cryptocurrencies are actual...
Ep12: Mance Harmon, Hashgraph and the Future of Distributed Ledgers
October 28, 2018 16:00 - 1 hour - 65.4 MBThere is more to blockchain than bitcoin. And there is more to distributed ledgers than blockchain. Blockchain describes only one type of decentralized consensus mechanism. Although it is really the dominant system in this new distributed world, it’s not the only one. I’m no computer scientist by any means and I suspect you aren’t either. But I will say that from what I have learned, the major challenges in using blockchain technology so far have been related to scaling. Blockchain is ...
Ep11: Weekly Cryptocurrency News 10/24/18
October 24, 2018 23:56 - 26 minutes - 24 MBConsensus Network™ Weekly Crypto News for 10/24/18 Cryptocurrency Market Capitalization: Approx. $210 billion Bitcoin Price: $6423 Bakkt Announces Launch Date. CBOE meets with SEC to discuss ETF. Goldman Sachs makes Huge Investment in Crypto Custodian. Coinbase DOMINATES the Crypto World. Japan Grants Cryptocurrency Industry Self-Regulatory Status. Email your questions to me at [email protected] or go to consensusNetwork.io and leave me a voicemail that I can play on the...
Ep10: Bitcoin in Historical Perspective
October 21, 2018 16:00 - 1 hour - 59.9 MBLast week on the news I told you about how Yale University has decided to get into the crypto market through its endowment. It’s just another sign of the inevitability of this technological phenomenon. The major universities have accepted that it’s real. We already know that Wall Street has as well. Now, let’s go back to the University thing. Of course, they want to teach things that are relevant to students right? Well, sure enough, you are seeing blockchain and distributed ledger cou...
Ep9: Weekly Cryptocurrency News 10/17/18
October 17, 2018 23:17 - 38 minutes - 35.7 MBMarket Cap about 211 Billion Bitcoin: 6444 1) Fidelity Announces a New Custody and Trading Service 2) Tether is Untethering 3) Is Bitcoin Correlated to the Markets?
Ep8: WAX Token with Malcolm CasSelle
October 14, 2018 16:00 - 52 minutes - 47.8 MBYou've probably heard of people buying virtual items online like crypto kitties for example. They live only on-line so why in the world would you buy one? Well, what if you spend several hours per day on the internet. Is your cyber-bling any less important than the ones we consider "real"? When you start to understand this, you will see very quickly an entire world that is unfolding quickly. Some of this is being aided by the rise of distributed ledger technology. WAX, Worldwide As...
Ep7: Weekly Crypto News 10/08/18
October 08, 2018 20:39 - 10 minutes - 9.6 MBToday is Monday October 8th, 2018 The crypto market cap is about 221 billion. Bitcoin is trading at around $6650. Yale University gets into the Crypto World Competition for BAKKT Institution buyers are making their move!
Ep6: Libertarian Talk with Bitcoin Purist Tone Vays
October 07, 2018 16:00 - 1 hour - 64.7 MBJoining us on this week's episode of Consensus Network is Tone Vays. Like many ex-wall street guys, Tone came to cryptocurrency after the fallout of 2008. We had an in-depth conversation on the libertarian aspect of cryptocurrency and its fundamental impact on the world, not only financially but also culturally. Tone is also a firm believer in Bitcoin - but not so much in other projects, and he has some sound reasoning behind his belief so make sure to tune in to this week's ep...
Ep5: Weekly Crypto News - 10/03/2018
October 04, 2018 00:05 - 16 minutes - 15.5 MBHeadlines: 1) Top CFTC derivatives regulator says crypto is here to stay! 2) The cryptocurrency exchange Gemini has apparently secured insurance coverage for digital assets it holds in custody. It’s USD Token got FDIC coverage a few weeks ago! 3) September had the lowest bitcoin volatility in 15 months.This kind of stability in a price, according to some traders, is the signal that there will be new price action shortly whether that’s up or down. 4) Ripple announced that its cryptocu...
Ep4: Crypto A-Z with Teeka Tiwari Part 2
October 01, 2018 15:52 - 28 minutes - 26.4 MBThis episode of consensus network continues last week’s interview with Teeka Tiwari on the world of bitcoin, blockchain, and distributed ledger technology. If you have not listened or watched that show yet, make sure to do that. I was amazed at how much material we covered in this single interview and I think you will be too. We dove deep on topics such as bitcoin and smart contract protocols and got a good sense of what smart money is thinking of this new and exciting crypto asset class.
Ep3: Crypto A-Z with Teeka Tiwari Part 1
September 30, 2018 16:00 - 40 minutes - 37.4 MBThis week’s episode consensus network builds off last week’s introduction to the world of bitcoin, blockchain, and distributed ledger technology. If you have not listened or watched that show yet, make sure to do that. One of the best teachers on this topic is Teeka Tiwari, editor of the cryptocurrency newsletter called Palm Beach Confidential to which I subscribe. I was amazed at how much material we covered in this single interview and I think you will be too. We dove deep on topics ...
Ep2: Weekly Crypto News - 09/27/2018
September 27, 2018 16:31 - 20 minutes - 12.8 MBThe host of Consensus Network, Buck Joffrey, brings you the latest news in the crypto world as of 09/27/2018.
Ep1: Bitcoin, Blockchain, Distributed Ledgers, and Cryptocurrency
September 20, 2018 01:53 - 39 minutes - 36.2 MBEpisode one of Consensus Network covers the basics of bitcoin, blockchain, and distributed ledgers by Buck Joffrey MD. This is an introduction to the topics and is intended for those with limited knowledge of the topics. In addition to discussing the technical basics in a very conceptual manner, Buck Joffrey dives into the significance of the technology not only from the stand point of technology but as a world movement. The episode concludes with a question and answer session. Ready...