NFTs are Cute, Chia's Plans are Revolutionizing the Future of Finance

NFTs are Cute, Chia's Plans are Revolutionizing the Future of Finance

In NFTs are Cute, Chia's Plans are Revolutionizing the Future of Finance, the 7th Episode in Season 2 of The Third Coin Podcast we discuss the plans that the Chia organization has announced in their Ask My Anything September 2021 Zoom call. In this discussion, we listen to 3 separate recordings from the Chia Leadership team where they talk about some missing functionalities in the Cryptocurrency world and their plans to develop solutions to handle these discrepancies. We will be shedding some light on Clawbacks, Rate Limiting, and other elements of the custody of cryptocurrency and how they can and will be solved using Datalayer and the release of additional real-world wallet functions that will allow for mainstream use by more of the general public. If you would like to listen to the full recordings of the excerpts in this show, here are the links. https://twitter.com/i/spaces/1mnGedVoqmAKX [https://twitter.com/i/spaces/1mnGedVoqmAKX] https://www.youtube.com/watch?v=U8wT5rN5AZc&feature=youtu.be [https://www.youtube.com/watch?v=U8wT5rN5AZc&feature=youtu.be] https://www.youtube.com/watch?app=desktop&v=9GEu_O00qX4 [https://www.youtube.com/watch?app=desktop&v=9GEu_O00qX4] Here is the summary of the show with links to the different chapters. (00:01:05) Grant introduces the topics of today's show (00:04:58) Excerpt from the Twitter Recording https://twitter.com/i/spaces/1mnGedVoqmAKX [https://twitter.com/i/spaces/1mnGedVoqmAKX] where Gene Hoffman talks about some needed functionality. (00:07:45) We introduce the ideas of Rate Limits and Clawbacks in Crypto (00:12:46) Examples of Custody and why they are important (00:15:20) Intro to Datalayer and custody (00:15:35) Gene about Datalayer https://m.youtube.com/watch?v=9GEu_O00qX4 [https://m.youtube.com/watch?v=9GEu_O00qX4] (00:16:28) Bram Cohen on what Datalayer will do https://twitter.com/i/spaces/1mnGedVoqmAKX [https://twitter.com/i/spaces/1mnGedVoqmAKX] (00:16:52) How Datalayer, custody, clawbacks, and rate-limiting all intertwine (00:18:39) Grant introduces the Chia Network Roadmap for 2021 and 2022 (00:19:23) No NFT work is announced at all (00:19:25) The reiteration of how the Chia Roadmap is well defined and its focus is solely on FinTech related development (00:20:25) Paul Hainsworth drives home the fact that Chia development is all about financial solutions. https://youtu.be/U8wT5rN5AZc [https://youtu.be/U8wT5rN5AZc] That wraps up today's episode. Thank you for checking out our video. #chia #chiacoin Don't forget to click the “follow” button to get notified about new episodes of this #podcast for the number one source of REAL and useable #cryptocurrency and #blockchain information. The YouTube channel is at: https://www.youtube.com/channel/UCucCMrtXlTMR8Vjd3d-ozFQ [https://www.youtube.com/channel/UCucCMrtXlTMR8Vjd3d-ozFQ] The hosts of The Third Coin Podcast are: Dan Mueller - crypto veteran https://mobile.twitter.com/dishmandan [https://mobile.twitter.com/grantosan] Grant Cermak - Crypto Guru, programmer, and founder of www.irulast.com https://mobile.twitter.com/grantosan [https://mobile.twitter.com/grantosan] https://mobile.twitter.com/CoinTheThird [https://mobile.twitter.com/CoinTheThird] and Lewis May - marketer, rally race car owner, and co-driver https://hammersportmarketing.com/ [https://hammersportmarketing.com/]

DeFi - Decentralized Finance on the Terra Blockchain

Defi - Decentralized Finance on the Terra Blockchain, we discuss and show examples of the exploding world of cryptocurrency decentralized finance. Though the conversation is interesting, you may find it more valuable to watch this episode on YouTube.   https://www.youtube.com/channel/UCucCMrtXlTMR8Vjd3d-ozFQ [https://www.youtube.com/channel/UCucCMrtXlTMR8Vjd3d-ozFQ] Much of the show is spent explaining defi and we also spend a significant time on Terra Station, which probably has the largest ecosystem around defi out of all the blockchains. Terra is the name of the blockchain and Luna is the coin on that chain. Here are the links we go to in this episode. https://station.terra.money/ [https://station.terra.money/] https://station.terra.money/wallet [https://station.terra.money/wallet] https://faucet.terra.money/ [https://faucet.terra.money/] https://www.anchorprotocol.com/ [https://www.anchorprotocol.com/] https://app.anchorprotocol.com/ [https://app.anchorprotocol.com/] https://www.mirror.finance/ [https://www.mirror.finance/] https://mirrorprotocol.app/#/trade [https://mirrorprotocol.app/#/trade] And the YouTube video we watched: Anchor Protocol: Terra's DeFi MONEY MACHINE!! Complete Guide! [https://youtu.be/z54a-6hAogM] Here is the timestamp of the chapters of our discussion. (00:01:10) Grant introduces Defi (00:02:07) A quick explanation of finance that many people do use and how it is like defi (00:05:40) Stable coins, why and how they are necessary for Defi (00:12:30) How to incentivize investors and why it is part of Defi (00:13:42) An explanation of Assetized Stable Coins (00:14:00) An explanation of Algorithmic Stable Coins (00:16:50) Where is Defi happening? (00:17:03) Terra, and why it is interesting (00:17:41) Looking at the main Terra Station website, the difference between web two and web three (00:18:48) Diving into the Terra wallet (00:22:08) Getting free testnet Luna at the Terra Faucet (00:22:57) Swapping Luna and the other available protocols (00:24:17) Introduction to Anchor in the Terra wallet (00:26:04) Looking at the Anchor Dashboard (00:27:14) Watching part of a YouTube about staked Luna and staked Eth from the Coin Bureau YouTube Channel (00:28:28) A simplified explanation about the different aspects of the defi business model (00:34:40) Back to the Terra Statin wallet to swap our Luna for some UST and then stake it on Anchor (00:39:58) Checking out the “illegal” mirror protocol. That wraps up today's episode.  Thank you for checking out our video. #chia #chiacoin #terra #terrastation #luna #mirrorprotocol #anchorprotocol #defi #stablecoin Click the “follow” button for new episodes of this #podcast. The source for REAL and useable #cryptocurrency and #blockchain information. Dan Mueller - crypto veteran https://www.facebook.com/dishmandan [https://www.facebook.com/dishmandan] Grant Cermak - Crypto Guru, programmer, and founder of www.irulast.com [http://www.irulast.com/] https://mobile.twitter.com/grantosan [https://mobile.twitter.com/grantosan] https://mobile.twitter.com/CoinTheThird [https://mobile.twitter.com/CoinTheThird] Lewis May - marketer, rally race car owner, co-driver, and founder at https://hammersportmarketing.com/ [https://hammersportmarketing.com/] https://www.facebook.com/lewis.t.may [https://www.facebook.com/lewis.t.may] https://linkedin.com/in/lewistmay/

Chia Asset Tokenization and Offer Files on the Chia Blockchain

In this episode of The Third Coin Podcast, Chia Asset Tokens and Offer Files on the Chia Blockchain.  Grant and Dan introduce Chia Asset Tokens and Offer Files.  Two new real-world use cases, one of which is exclusive to the Chia blockchain. (00:01:07) Grant introduces some new topics about Chia, (00:02:48) Dan explains offer files on the Chia blockchain. (00:03:48) Lewis asks how this differs from other chains and Grant clarifies what is new and what is similar to other blockchain codes. (00:08:20) Grant and Lewis talk about escrows and how blockchain can solve this real-world problem of trust. (00:11:37) Dan talks about his acquisition of CATs, the Chia Asset Tokens that are being produced and traded. (00:13:02) Grant and Dan talk about Chia Offer Files and how they can have more than two parties take place in a transaction. (00:13:56) Lewis and Grant realize how because of offer files and the fast-moving market of crypto that equity can be found when looking for offers that are still open. (00:16:57) Lewis and Grant talk about the idea behind the tech that created “offer files”.  This transitions to how the “coin” or UTX model blockchain works.  How in the coin model you always only have one coin in a wallet.  That one coin is the value sum of all your coins. (00:23:24) Lewis asks if you can trade other blockchains through the offer files… (00:23:41) This moves the discussion to “wraps” of the wrapping of a coin which is recommended for the next show. #chia #chiablockchain #bitcoin #ethereum #Assettokens #assettokenization #crypto #cryptocurrency #nft #nfts #nonfungibletoken #blockchain That wraps up today's episode. Thank you for checking out our video. Don't forget to click the “follow” button to get notified about new episodes of this #podcast for the number one source of REAL and useable #cryptocurrency and #blockchain information. If you prefer to listen to this in podcast format, all of our platforms can be found here: https://anchor.fm/thethirdcoin The hosts of The Third Coin Podcast are: Dan Mueller - crypto veteran https://www.facebook.com/dishmandan Grant Cermak - Crypto Developer Guru and founder of www.irulast.com https://mobile.twitter.com/grantosan https://mobile.twitter.com/CoinTheThird and Lewis May - marketer, rally race car owner, and co-driver https://hammersportmarketing.com/ https://www.facebook.com/lewis.t.may https://www.linkedin.com/in/lewistmay/

Something's Fishy about The Bitcoin Heist, The Third Coin Podcast

In this episode, we talk about privacy on a blockchain and what that means but to get there first we talk about how Something’s Fishing about the Bitcoin Heist Arrests on The Third Coin Podcast. The Third Coin Podcast is a conversation about the past, present, and future of Blockchain, Crypto, NFTs, and technology.  Discussions, interviews, answers, opinions, and maybe some conversation about what is the third coin. (00:00:32) Lewis intro’s the show (00:01:28) The gang talks about the people involved, Heather Morgan, 31, a published Forbes writer and rapper, who goes by the name 'Crocodile of Wall Street,' and her husband Ilya Lichtenstein, 34, a startup founder. (00:01:42)  Dan quote the article (00:02:32)  Grant gives his opinion, “something doesn’t smell right” we joke a little more, and at (00:03:43)  Lewis begs the question, “how does one steal bitcoin?” and Grant Explains. Grant, Dan, and Lewis continue about private keys and mnemonic word keys.  The conversation refocuses back to how one steals bitcoin for 4 minutes. (00:07:53)  Dan explains how glitches and vulnerabilities are the other way bitcoin could be stolen. (00:08:40) Grant finishes explaining wallets and how the coin is transferred and stored, ultimately what has to happen for it to exchange hands and what the ledger says. (00:12:08) Grant tells us about how to have a completely anonymous wallet. (00:14:24) Lewis makes the statement that most people aren’t putting the correct thought about how to remain anonymous and the conversation starts to explain the different ways an anonymous wallet becomes “doxxed” or exposed. (00:15:44) A good last explanation of what happens when people move stolen blockchain coins. (00:17:15) After seeing that only 96,000 of the stolen bitcoins were recovered the discussion turns to how do you own and transfer digital assets without losing anonymity? (00:17:53) Enter the privacy coin and coins like Monero. Multiple different questions and answers about privacy coins continue on. (00:22:48) Lewis wraps it up with a statement about the Bitcoin heist and how it almost has to be purposeful to get caught doing what Heather Morgan and her husband Ilya Lichtenstein got caught for. (00:24:24) Everyone wraps it up with some ideas for another discussion. That's everything for today's episode. Thank you for checking out our video. Don't forget to click the “follow” button to get notified about new episodes of this #podcast for the number one source of REAL and useable #cryptocurrency and #blockchain information. If you prefer to listen to this in podcast format, all of our platforms can be found here: https://anchor.fm/thethirdcoin The hosts of The Third Coin Podcast are: Dan Mueller - crypto veteran https://www.facebook.com/dishmandan Grant Cermak - Crypto Programmer Guru and founder of www.irulast.com https://mobile.twitter.com/grantosan https://mobile.twitter.com/CoinTheThird and Lewis May - marketer, rally race car owner, and co-driver https://hammersportmarketing.com/ https://www.facebook.com/lewis.t.may https://www.linkedin.com/in/lewistmay/

Chia Coin, XCH - The Third New Blockchain, The Third Coin Podcast

In this episode of The Third Coin Podcast, Chia Coin, XCH - The Third New Blockchain, Lewis asks the team rudimentary questions about Chia.  Grand and Dan explain why it gets their attention and how different it is from Bitcoin and Ethereum. (00:01:07) Grant explains Chia and Proof of Space and Time blockchain vs the types of blockchain tech that are more widely used. (00:04:45) Grant and Dan explain how Bitcoin is a coin or UTX model and how Etherium is an account model. (00:09:41) Grant explains how Chia Coin compares to File Coin and mostly how they don’t. (00:12:36) Lewis asks how Chia is similar to Ethereum (00:12:57) Grant's answer begins by explaining the history behind the development of blockchain. (00:15:13) A recap about what makes Chia so different. (00:17:33) We discuss Lewis’s first experience purchasing Chai and how he navigated through multiple wallets. (00:28:17) Lewis explains how he has used some Chia faucets and found some tokens (00:29:27) A great conversation ensues about Tokens versus Coins which then explains how Chia has a layer 2 similar to Eth but more suited for use.  This is a 10-minute conversation. (00:40:31) Grant wraps up how big of a deal Chia really is. (00:50:39) The group finishes by mentioning some more subjects to talk about as far as Chia and new developments with the tech such as offer files. That wraps up today's episode. Thank you for checking out our video. Don't forget to click the “follow” button to get notified about new episodes of this #podcast for the number one source of REAL and useable #cryptocurrency and #blockchain information. If you prefer to listen to this in podcast format, all of our platforms can be found here: https://anchor.fm/thethirdcoin The hosts of The Third Coin Podcast are: Dan Mueller - crypto veteran https://www.facebook.com/dishmandan Grant Cermak - Crypto Developer Guru and founder of www.irulast.com https://mobile.twitter.com/grantosan https://mobile.twitter.com/CoinTheThird and Lewis May - marketer, rally race car owner, and co-driver https://hammersportmarketing.com/ https://www.facebook.com/lewis.t.may https://www.linkedin.com/in/lewistmay/