June 17 from Vietnam: Just like Episode #95 where I predicted TheDAO fall this episode is a much listen as I explain why was right 3 weeks ago. Here is the TLDR on the topics:
1. TheDAO Gets Hacked for $50 Million: Cornell Prof Emin Gun Sire joins the show to explain TheDAO and I disagree with him on EVERYTHING he says. I just don't understand the efficiency provide by "Turing Complete & Decentralized Smart Contracts". I mostly feel bad for the students at Cornell studying the topic of Blockchain & Decentralized systems from Professors like that.
2. Bitcoin Price Goes Higher: Same answer as Ep #96, speculation and miner rationing will cause price to go up into Halvining & then a drop right after on unmet expectations of Euphoria.
3. CanadaCoin: This is a recurring story with every country. Every major country wants to eliminate paper cash to go fully digital vs 98% digital as they are today. I state the reasons for this in the video but this has nothing to do with decentralized crypto currency as the plan for these governments is to increase KYC/AML with this initiative while something like bitcoin disrupts that goal.
Bonus: Brexit will help Bitcoin a little cause EUR will sink faster.