Episode 192 - Craig Wright is STILL a Turd

Crypto Basic Podcast: Teaching You The Basics of Bitcoin and the World of Cryptocurrency. CryptoBasic - A podcast by Brent Philbin, Karim Baruque, and Adam "Roothlus" Levy - The Cryptocurrency news nerds

Craig Wright cries in court, thus proving he is Satoshi Butthurtamoto. . We go over tons of stories from across the globe, including what’s happening with Facebook’s Libra in China. Our friends Waltonchain make another cameo appearance in our “That’s a scam” Section, and we learn how Adam almost lost $10k by being cocky.   # Episode 192 - Flagship 80 # Episode 192 - Flagship 80  - Rapid Fire    - [Tether has a Blacklist -](https://tether.to/wallet-service-and-platform-update/)    - [Netflix has an Altcoin doc coming out](https://ourbitcoinnews.com/netflix-is-all-set-to-launch-an-altcoin-and-bitcoin-documentary-show-big-names-of-the-industry-involved/)        - Vitalik Buterin (Ethereum Founder)        - Jihan Wu (Bitmain Founder)        - Justin Sun (Tron Founder)        - Yi He (Binance Founder)        - Charles Hoskinson (Cardano Founder)        - Sunny Lu (VeChain Founder)        - Jun Hasegawa (OmiseGo Founder)        - Da Hongfei (Neo Founder)        - Roger Ver (Bitcoin Cash Founder    - [David Marcus - "You won't have to trust Facebook to get the benefit of Libra"](https://www.coindesk.com/facebooks-david-marcus-libra-crypto-users-wont-have-to-trust-us)    - [Reddit to build in tipping with BAT and other coins, but mostly BAT](https://decrypt.co/7688/reddit-tip-crypto-bots)    - A craft beer company named Brewdog is now accepting shares in their company in cryptocurrency.     [Cryptocurrency](https://efp.brewdog.com/equityforpunks/cryptocurrency)     - Currencies accepted for Equity for Punks are the following: - Bitcoin, Bitcoin Cash, Bitcoin SV, Ethereum, Litecoin, OmiseGO, Qtum, Augur, Ripple, 0x- [CRAIG WRIGHT](https://zerobin.net/?54865f020b8ad9be#hxdsnaQoV0DarYLJHZ4P72PBR8mmNqBwqtjpuHeexfk=)    - This hearing was to see why CSW couldn't provide access to the wallets that are a part of the Kleinman case.    - There was a court journalist named Carolina Bolado that was covering the drama in the courtroom with CSW live.    - Some of the highlights - remember that e-mail that he send that it turned out he forged? Well the only reason we knew about that was that he submitted it in court. On the stand he accused the opposing counsel of committing purjury by submitting the document. HE SUBMITTED THE E-MAIL.    - Then he threw the e-mail across the courtroom.    - “You throw another document in my courtroom, you will be in handcuffs so fast your head will spin,” Judge Reinhart said.    - He made up some new reasons why he couldn't get the BTC, saying that he will get access to some of the info he needed in 2020    - That really pissed off the judge who clarified that he knew that at the beginning of the trial.    - At some point he was crying.    - Next trial date is 7/10    - [A new document submitted to the courts before that date - one of the companies "Tulip Trading Limited" was actually purchased in 2014 - which is 3 years after he said he created, but it was purchased as a "shelf" company which means it was crated and aged.](https://www.courtlistener.com/docket/6309656/237/11/kleiman-v-wright/)- Crypto Around the World    - (Libra Fights...) [House Democrats call for Facebook to halt cryptocurrency project](https://thehill.com/homenews/house/451459-house-democrats-call-for-facebook-to-halt-cryptocurrency-project) @Karim Baruque        - House financial Services Committee asking FB to stop work on Libra        - [HFSC Letter to Executives](//oemmndcbldboiebfnladdacbdfmadadm/https://financialservices.house.gov/uploadedfiles/07.02.2019_-_fb_ltr.pdf)            - *Investors and consumers transacting in Libra may be exposed to serious privacy and national security concerns, cyber security risks, and trading risks. Those using Facebook's digital wallet - storing potentially trillions of dollars without deposit insurance- also may become unique targets for hackers. For example, during the first three quarters of 2018, hackers stole nearly $1 billion from cryptocurrency exchanges. 3 The system could also provide an under-regulated platform for illicit activity and money laundering.*        - [Now Japanese Regulators Are Getting Anxious About Facebook’s Cryptocurrency](https://www.coindesk.com/now-japanese-regulators-are-getting-anxious-about-facebooks-cryptocurrency)            - Japans central bank joining chorus of concern vs Libra            - Report from Nikkei cites unnamed official from Bank of Japan as                - "*It will move money into an absolutely virtual world, so it is completely different than other forms of digital payment.*”            - They fear by linking Libra to multiple national currencies they are trying to avoid control from any one nations regulators            - Report also posits - People will withdraw from regional bank, buy Libra, FB puts those funds with larger banks (Specifically Mitsubishi Financial Group, Sumitomo Mizuho Financial Groups), so flow away from minor institutions            - And that Libra would "free ride" off existing institutions which spend large amounts to stay complaint.        - [G7 Forming Task Force in Response to Facebook’s Libra Cryptocurrency](https://www.coindesk.com/g7-forming-task-force-in-response-facebooks-libra-cryptocurrency)            - Group of 7 - Canada, France, Germany, Italy, Japan, UK, US, EU            - France's Finance Minister, Bruno Le Maire, called for G7 central bank regulators to do a report on FBs Libra by July out of fear it could replace national currencies.    - [Dutch article so it's translated but basically a ban on payments with cash over 3k Euros. They want to get rid of the 500 Euro bank note and make it more difficult for money laundering. What do you think of all this? Good or bad? is this just the future of cash if we all convert to crypto in 10-15 years?](https://www.rijksoverheid.nl/actueel/nieuws/2019/07/01/minister-hoekstra-en-grapperhaus-presenteren-nationale-aanpak-witwassen)    - [Cuba ‘Studying Cryptocurrency’ to Dodge US Sanctions, Says Gov’t](https://cointelegraph.com/news/cuba-studying-cryptocurrency-to-dodge-us-sanctions-says-govt)        - Cuba's Government said in July its exploring Cryptoccurencies to deal with an economic crisis exacerbated by US Sanctions        - Cuba has suffered significantly from the Venezuelan crisis since it was major source of aid        - “*We are studying the potential use of cryptocurrency... in our national and international commercial transactions, and we are working on that together with academics*,” Reuters quoted economy minister **Alejandro Gil Fernandez**        - Previous reports about Iran developing a cryptocurrency to combat SWIFT, a blockchain based project with Russia and Armenia- THAT'S A SCAM     [Waltonchain was hit was a 99.99% attack.](https://www.reddit.com/r/CryptoCurrency/comments/c6v611/waltonchain_mainnet_is_under_a_9999_attack/)      - Being honest I don't even know what that is, but apparently someone basically got enough hashpower to buy the network.    - They had something happen related to this 10 days ago and "Fixed" it.    - Now they had to Hard Fork their mainnet.    - I don't really get how it works, but Walton essentially has their ERC20 token which is traded, and then their mainnet which gets mined and pays out rewards in tokens that have no way to be traded yet.    - Attacker attacked the "worthless" chain.    - In a hilarious anecdote that we missed - WTC has that sidechain, and they posted a picture of their offices. Then freychain, the sidechain, posted a picture of theirs a little later, and literally just changed the signs and took a diff angle.         ![](Untitled-9a5898db-569a-47f7-b764-cd6db1c8d78b.png) - Shots Fired!     Everyone go to [loser.com](http://loser.com) - I'll wait     ["Then fork the code and finish it yourself" - Charles](https://twitter.com/vidinhlang/status/1146788569253462017)     Reddit Post - r/EOS isn't deleting scam posts to phishing sites.      [Response on reddit from "agenttank" - 'scammers always go for people that have been scammed successfully before.'](https://www.reddit.com/r/CryptoCurrency/comments/c7rl8b/notice_on_reos_mods_arent_deleting_comments/)