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Crypto: Innovation or Insanity? Meme Coins, Hacks, and Strategic Bitcoin Reserves

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Manage episode 468590137 series 2137790
Content provided by Money For the Rest of Us and J. David Stein. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Money For the Rest of Us and J. David Stein or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

We consider the incongruency of a U.S. Strategic Bitcoin Reserve, the latest crypto exchange hack, and how most participants lost money on the Trump meme coin. Given all that, we review some areas where cryptocurrency is helping individuals and businesses.

Topics Covered

  • What is the U.S. Strategic Petroleum Reserve
  • Why it makes little sense for the U.S. and individual states to create and participate in a Strategic Bitcoin Reserve
  • What led to the latest and largest cryptocurrency exchange hack in history
  • How financial and other data breaches impacted over 1 billion people last year, costing over $15 billion
  • How quantum computers could disrupt the security of cryptocurrency and traditional financial systems
  • Why most speculators lose money on meme coins
  • What are some current ways cryptocurrency is helping individuals and businesses achieve greater financial stability and lower costs

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Show Notes

All Information (Except Text) for S.4912 - BITCOIN Act of 2024—Congress.gov

House Bill No. 4087—Michigan Legislature

2025 South Dakota Legislature House Bill 1202—South Dakota Legislature

State of Arizona Senate SB 1025—Arizona State Legislature

Quantum computers and the Bitcoin blockchain by Itan Barmes, Bram Bosch and Olaf Haalstra—Deloitte

Bybit Hack, Crypto’s Biggest Ever, Spoils Coinbase’s SEC Victory Party by Olga Kharif, Muyao Shen, and Emily Nicolle—Bloomberg

Cost of a Data Breach Report 2024—IBM

ITRC Annual Data Breach Report—Identity Theft Resource Center

Post by @realDonaldTrump—Truth Social

Trump Meme

Early Investors in Donald Trump’s Memecoin May Have Been Tipped Off, Experts Claim by Joel Khalili—Wired

Exclusive: Trump's meme coin made nearly $100 million in trading fees, as small traders lost money by Tom Wilson and Michelle Conlin—Reuters

Memecoin scandal rocks Argentina’s Javier Milei by Ciara Nugen—The Financial Times

Tether Brings Its $140B USDT Stablecoin to Bitcoin and Lightning Networks by Krisztian Sandor—CoinDesk

Related Episodes

488: Should You Invest in an Ethereum ETF?

462: Now Should You Buy a Bitcoin ETF?

410: Is Cryptocurrency Dead?

373: Are Stablecoins Safe? Should You Own Them?

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

  continue reading

541 episodes

Artwork
iconShare
 
Manage episode 468590137 series 2137790
Content provided by Money For the Rest of Us and J. David Stein. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Money For the Rest of Us and J. David Stein or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

We consider the incongruency of a U.S. Strategic Bitcoin Reserve, the latest crypto exchange hack, and how most participants lost money on the Trump meme coin. Given all that, we review some areas where cryptocurrency is helping individuals and businesses.

Topics Covered

  • What is the U.S. Strategic Petroleum Reserve
  • Why it makes little sense for the U.S. and individual states to create and participate in a Strategic Bitcoin Reserve
  • What led to the latest and largest cryptocurrency exchange hack in history
  • How financial and other data breaches impacted over 1 billion people last year, costing over $15 billion
  • How quantum computers could disrupt the security of cryptocurrency and traditional financial systems
  • Why most speculators lose money on meme coins
  • What are some current ways cryptocurrency is helping individuals and businesses achieve greater financial stability and lower costs

Episode Sponsors

Delete Me – Use code David20 to get 20% off

Stawberry.me

Insiders Guide Email Newsletter

Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter

Our Premium Products

Asset Camp

Money for the Rest of Us Plus

Show Notes

All Information (Except Text) for S.4912 - BITCOIN Act of 2024—Congress.gov

House Bill No. 4087—Michigan Legislature

2025 South Dakota Legislature House Bill 1202—South Dakota Legislature

State of Arizona Senate SB 1025—Arizona State Legislature

Quantum computers and the Bitcoin blockchain by Itan Barmes, Bram Bosch and Olaf Haalstra—Deloitte

Bybit Hack, Crypto’s Biggest Ever, Spoils Coinbase’s SEC Victory Party by Olga Kharif, Muyao Shen, and Emily Nicolle—Bloomberg

Cost of a Data Breach Report 2024—IBM

ITRC Annual Data Breach Report—Identity Theft Resource Center

Post by @realDonaldTrump—Truth Social

Trump Meme

Early Investors in Donald Trump’s Memecoin May Have Been Tipped Off, Experts Claim by Joel Khalili—Wired

Exclusive: Trump's meme coin made nearly $100 million in trading fees, as small traders lost money by Tom Wilson and Michelle Conlin—Reuters

Memecoin scandal rocks Argentina’s Javier Milei by Ciara Nugen—The Financial Times

Tether Brings Its $140B USDT Stablecoin to Bitcoin and Lightning Networks by Krisztian Sandor—CoinDesk

Related Episodes

488: Should You Invest in an Ethereum ETF?

462: Now Should You Buy a Bitcoin ETF?

410: Is Cryptocurrency Dead?

373: Are Stablecoins Safe? Should You Own Them?

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

  continue reading

541 episodes

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