CryptoScam #6 - Ripple (w/ Peter Todd)
45,354 Views · Posted 7 years ago
In this 6th Episode of CryptoScam I am joined by Peter Todd (a Bitcoin Core Contributor) as we explore the value proposition of Ripple. It is amazing what one can learn in under 24 hours of trying to understand this token. We begin with the story of one the shadiest founders of a project in the CryptoSpace and end with proof that ripple is perhaps the biggest scam of all the coins. It continues to show that when you suspect something is off on a project, investigation usually reveals that it's 100x times worse than you could have imagined.
Peter Todd's Paper on Ripple:
https://github.com/petertodd/ripple-consensus-analysis-paper/blob/master/paper.pdf
Additional sources discussed in the Episode:
http://www.thedailybeast.com/articles/2016/05/19/behind-the-biggest-bitcoin-heist-in-history-inside-the-implosion-of-mt-gox.html
(clearly not written by any Crypto Media cause they actually investigated)
https://www.fincen.gov/news/news-releases/fincen-fines-ripple-labs-inc-first-civil-enforcement-action-against-virtual
http://www.financemagnates.com/cryptocurrency/news/ripple-reportedly-orders-freeze-of-1m-worth-of-mccaleb-funds/
MtGox Videos:
Volume 8 (FlashCrash): https://www.youtube.com/watch?v=T1X6qQt9ONg
Volume 9 (MtGox Gets Pwned): https://www.youtube.com/watch?v=QfolESzFabg
Special Thanks to Julia Tourianski for providing us with place to film the podcast and for the T-Shirts Peter and I were wearing. They are currently on sale:
http://bravetheworld.com/product/ghost-t-shirt/
Donations: 162ShMve5zEV6L16mdLrFhthRPzvtzqhYT
Twitter: @ToneVays Web: http://www.libertylifetrail.com/
SoundCloud: https://soundcloud.com/cryptoscam
Co-Host: Peter Todd
Twitter: https://twitter.com/petertoddbtc
Web: https://github.com/petertodd
Tone Vays Consulting Services:
Currently available for Short-Term consulting contracts Globally (remote or in person) at the following rates + travel expenses if any.
Price of Bitcoin Less Than $1,000 == 0.15 bitcoins/hr
Price of Bitcoin $1,000 to $3,000 == 0.10 bitcoins/hr
Price of Bitcoin Greater Than $3,000 == 0.05 bitcoins/hr
Reach out via email: Tone@protonmail.ch
Peter Todd's Paper on Ripple:
https://github.com/petertodd/ripple-consensus-analysis-paper/blob/master/paper.pdf
Additional sources discussed in the Episode:
http://www.thedailybeast.com/articles/2016/05/19/behind-the-biggest-bitcoin-heist-in-history-inside-the-implosion-of-mt-gox.html
(clearly not written by any Crypto Media cause they actually investigated)
https://www.fincen.gov/news/news-releases/fincen-fines-ripple-labs-inc-first-civil-enforcement-action-against-virtual
http://www.financemagnates.com/cryptocurrency/news/ripple-reportedly-orders-freeze-of-1m-worth-of-mccaleb-funds/
MtGox Videos:
Volume 8 (FlashCrash): https://www.youtube.com/watch?v=T1X6qQt9ONg
Volume 9 (MtGox Gets Pwned): https://www.youtube.com/watch?v=QfolESzFabg
Special Thanks to Julia Tourianski for providing us with place to film the podcast and for the T-Shirts Peter and I were wearing. They are currently on sale:
http://bravetheworld.com/product/ghost-t-shirt/
Donations: 162ShMve5zEV6L16mdLrFhthRPzvtzqhYT
Twitter: @ToneVays Web: http://www.libertylifetrail.com/
SoundCloud: https://soundcloud.com/cryptoscam
Co-Host: Peter Todd
Twitter: https://twitter.com/petertoddbtc
Web: https://github.com/petertodd
Tone Vays Consulting Services:
Currently available for Short-Term consulting contracts Globally (remote or in person) at the following rates + travel expenses if any.
Price of Bitcoin Less Than $1,000 == 0.15 bitcoins/hr
Price of Bitcoin $1,000 to $3,000 == 0.10 bitcoins/hr
Price of Bitcoin Greater Than $3,000 == 0.05 bitcoins/hr
Reach out via email: Tone@protonmail.ch
