Episode 229 - Tezos into digital card games, MakerDAO smart contract "theft", and of course, CoronaRants.
Crypto Basic Podcast: Teaching You The Basics of Bitcoin and the World of Cryptocurrency. CryptoBasic
English - March 20, 2020 12:00 - 1 hour - 68.5 MB - ★★★★★ - 120 ratingsInvesting Business Technology Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Episode 228 - 101: Kyber with Loi Luu
Hello and welcome to Crypto Basic News! This week we're cozying up in quarantine, staying calm and collected, and we're talking about all kinds of stuff like Tezos getting into digital card games, millions of dollars being usurped through the MakerDAO smart contract mechanism, and of course, we talk COVID-19, from its health risks to its massive possible socioeconomic effects.
Wash your hands and then click play to tune in!
Brent theory on how to solve this - discuss - because I can.Monopoly Rules - Top on R/CCBill Ackman calls for Trump, CEO to temporarily shut the country downSUB-STORY - Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program - (K)In an emergency move Sunday, the Federal Reserve announced it is dropping its benchmark interest rate to zero and launching a new round of quantitative easing.Fed also slashed the rate of emergency lending at the discount window for banks by 125 basis points to 0.25%, and lengthened the term of loans to 90 days.The Fed also cut reserve requirements for thousands of banks to zero.Actions by the Fed appeared to be the largest single day set of moves the bank had ever takenBefore action took place over months like in 08, this was multiple programs, QE, and rate cuts, all in one dayFiscal vs Monetary policyEARN IT Act could be an attack on Encryption - KCommunications Decency Act Section 230 - Historically given tech companies minimal liability for how people use their platformsEARN IT Act would force companies to "Earn" protection from liability by showing they are following recommendations for combating child sexual exploitationBi-Partisan Lindsey Graham and Richard Blumenthal (Dont expect anything good from these two)Would create a panel of law enforcement officials, attorneys general, online child sexual exploitation survivors and advocates, constitutional law scholars, consumer protection and privacy specialists, cryptographers, and other tech experts to collectively decide what digital companies should do to identify and reduce child predation on their platformsCould include things like scanning content to identify abusive photos/videosBut could also include things like communication surveillanceSo if this was law, companies couldn't offer end-to-end encryption and be protected from liabilityEither A) accept liability for anything that happens, B) put in a backdoor for law enforcement, C) just avoid end to end encryption all togetherA note about LIbretarian anti government views (Panel picking) and Legal Creep (Patriot act, RICO and asset forfeiture)ExitPlease join the conversation in the Discord. We're in there all the time.Rate us on iTunes.Follow CryptoBasicBrent on Reddit.We are not Financial advisers.