Crypto Basic Podcast: Teaching You The Basics of Bitcoin and the World of Cryptocurrency. CryptoBasic

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https://twitter.com/jespow/status/1281021629632352256?s=20

• Substratum
• Episode 1
• Episode 2
• Our position on the? VERY hard scam. We had 3 full episodes and talked a lot of shit with their community.
• Subreddit has been dead since 9 months ago.
• Highest price point AFTER the 2017 bubble - $.82 in May of 2018. For reference we released the first episode warning listeners of the scam in November of 2018.
• They raised $13M in ICO funds and delivered nada.
• They announced that they were seeking private funding in September of 2019, and now it is a completely dead project.
• Verdict - WE WERE RIGHT
• Kucoin
• Episode where we first mentioned Kucoin
• Our position on them? Lukewarm. Mike really liked them, but I didn't like their pyramid style marketing. I also had some issues with their interface. I never went so far as to call them a scam, but never trusted them with a single cent. We did pull the referral bonus from the shownotes. We called the flags "offwhite"
• Hilariously shitty MLM style video.
• They're still operational, subreddit is booming, and they're one of the exchanges with name recognition.
• Storytime about Kucoin. My first troll.
• We did cover some of the red flags over the course of the time after we talked about them. They had some issues with where their location was and they got
• Highest price point after the 2017 bubble - $4.99 May 2018
• Current price as of recording - $.81
• Verdict - We were basically wrong here. More risk than a high end exchange, but they're ranked just below Gemini.
• Cryptopia
• Our position on the scam: I wouldn't put my money on the site. Didn't call them an outright scam.
• Went down on July 3, 2019.
• They're still in liquidation.
• People will not be made whole.
• Bitcoin Hex
• This is an ongoing scam - I want to do a red flags episode which we'll record next week on Bitcoin hex.
• Right now, they're still kicking.
• What I remember is that Trevon James, a previous Bitconnect shill, was shilling it.
• I went to his Youtube. HO LEE SHIT
• Some great fucking titles
• "5 steps to turn $200 into $200,000 with Cryptocurrency"
• Vitalik Sent me $600,000 worth of HEX
• How to Make Money with Crypto (holding up stacks of USD cash)
• Why HEX can EASILY reach $1
• Hex is up 315% what a scam right?
• Verdict - Episode next week.
• Tether
• Our position - Tether is a scam. It is not backed, and you cannot trust it.
• Price - $1
• Price - $1
• Stop using Tether
• Tell Story about how easy DAI is
• Divi
• Episode on the Divi Project
• This was a coin we did a 101 on and Karim and Mike definitely disagreed on the evaluation. Karim didn't call it a scam, he just didn't like the project. Here's what I remember about Karim's negative thoughts - this was the only coin that ever had one of their team members have a rational response to it.
• Coin Market cap doesn't have data that far back, oddly, but the earliest they have the price was $.009. per coin b ack in November of 2018.
• Today's price - $.04 - a 440% increase
• Verdict - Wrong for now, probably eat crow.
• 79th in Market Cap
• Dragonchain
• Our positoin - Lukewarm again. Karim didn't say it was scam, he just didn't really like it. This was a project that was essentially making itself turnkey ICO launchers. Well ICOs aren't really a think anymore and their first ICO's didn't go well.
• The subreddit isn't VERY active but it is actiev.
• Post 2017 bubble highest price - May 2018 $1.35
• Current price $.089
• Verdict - Right to be skeptical of the project, certainly not a scam yet.
• FCoin
• Our stance - we released an episode called "Is Fcoin a scam" our answer was fucking yes it was.
• If you go there on coinmarketcap - it says "we have received reported of impeded withdrawls due to insolvency"
• They shutdown around February 2020 and blamed "poor auditing" for the shutdown, as they were transferring out tons of money from their cold wallets.

Fed says it is going to start buying individual corporate bonds

• The Federal Reserve said Monday it will start buying individual corporate bonds.In order to “support market function and eases credit conditions.” they added functions to its Secondary Market corporate Credit Facility (SMCCF)SMCCF? - It is a Special Purpose Vehicle launched by the Fed in March
• SPV? - A subsidiary created by a parent company to isolate risk
• Basically creates separate company with isolated balance sheet
• SPV operations limited to acquiring and financing specific assets
• SPV may be created solely to securitize debt so that investors can be assured of repayment.
• Can help companies securitize assets,
• create joint ventures,
• isolate corporate assets, or perform other financial transactions.
• Fed is trying to ensure banks continue to lend to corporations
• The SMCCF then buys corporate bonds and Bond ETFs,
• To encourage lending by ensuring demand for the bonds
• But it was only started with bond ETFs…. So lets talk about these functions
• So whereas before it was “passively” buying ETFs at fair market value is (metrics and restrictions)
• Now it has $750b to buy individual corporate bonds directly (with a maturity of within 5yrs)
• This is on top of ETFs in the market
• The loans will be tailored to small- and medium-sized companies and can range from $250,000 to $300 million.
• Dow went from down 700 to a +157pt spike after announcement
• Fed has yet to launch its Primary Market Corporate Credit Facility.