#89 - Jim Vandeventer
The Grimerica Show
Darren Grimes
4.6 • 1.1K Ratings
🗓️ 23 November 2014
⏱️ 110 minutes
🧾️ Download transcript
Summary
Jim Vandeventer joins the guys tonight in Grimerica. Jim has been mining bit coins for a couple of years now and is here to edumicate the fellas about this process. Jim is a self proclaimed gay rights activist, bitcoin and karaoke enthusiast. Jim used to edit films and now he is a mobile app developer. How does one mine, carry and spend bitcoins and where is this digital currency headed? Thanks to Red Pill Junkie, who joins in from Mexico for this whole chat.
https://twitter.com/JimVanDeveloper
http://www.wired.com/2014/03/what-is-bitcoin/
http://www.wired.com/2014/09/bitcoin-gains-legitimacy/
INTRO:
Grimerican bloggers Pat O and Fortean Mind join Darren and Graham for the intro. Fortean Mind was this months MoneyBomb winner and he throws it back into the hat. Pat O tells us about his new movie project – "The Jungle 2099", where humans are abducted, treating like cattle and slaughtered. Should strike a cord with many folks especially with the agg gag laws…. And how our factory farming industry is treating animals. Might be a tad gory by the sounds of it.
The guys chat about SPAM of all kinds and have some listener feedback. Free of charge... all of Grimerca - no ads and no gimmicks. Please help out the show and contribute via the 50/50 MoneyBomb. Every month we gift half our proceeds back to one of you. Value for Value. Thanks for listening!!
http://www.grimerica.ca/moneybomb/
Sign up for our newsletter and leave us a voicemail. Thanks Fortean Mind!!
http://www.grimerica.ca/category/fm/
Thanks to Wayne Darnell for help with the website.
http://www.darnelldigitalink.com/
Check out the Paradigm Symposium 2015. We will be there again!! Year 4
http://www.live365.com/stations/roccijstucci
Pat O's movie project and blogs:
http://www.grimerica.ca/author/pato/
https://www.kickstarter.com/projects/145313116/the-jungle-2099
Email… thejungle2099@gmail.com
Fortean Mind's blog:
http://www.grimerica.ca/category/fm/
http://www.missedinhistory.com/blog/missed-in-history-spam/
http://www.bbc.co.uk/religion/0/24661333
MUSIC
X Files Dub - Dubway Beatfresh
No Type - Rae Sremmurd (Robokid Remix)
Transcript
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| 0:00.0 | What is Bitcoin? Bitcoin is the first decentralized digital currency. |
| 0:04.6 | Bit coins are digital coins you can send through the internet. |
| 0:07.6 | Compared to other alternatives, |
| 0:09.3 | Bitcoin's have a number of advantages. Bit coins are transferred directly from person to person via the net |
| 0:14.8 | without going through a bank or clearinghouse. |
| 0:17.2 | This means that the fees are much lower. |
| 0:18.9 | You can use them in every country. |
| 0:20.4 | Your account cannot be frozen, |
| 0:21.8 | and there are no prerequisites or arbitrary limits. |
| 0:26.0 | Let's look at how it works. |
| 0:28.0 | Bit coins are generated all over the internet by anybody running a free application called a Bitcoin miner. |
| 0:33.3 | Mining requires a certain amount of work for each block of coins. |
| 0:36.7 | This amount is automatically adjusted by the network such that |
| 0:39.7 | Bitcoin's are always created at a predictable and limited rate. |
| 0:44.0 | Your bit coins are stored in your digital wallet, which might look familiar if you use online banking. |
| 0:49.0 | When you transfer bit coins, an electronic signature is added. |
| 0:52.0 | After a few minutes, the transaction is verified by a miner and permanently and anonymously |
| 0:56.8 | stored in the network. |
| 0:58.5 | The Bitcoin software is completely open source and anybody can review the code. |
| 1:03.0 | Bitcoin is changing finance the same way the web changed publishing. |
| 1:07.0 | When everyone has access to a global market, |
| 1:09.0 | great ideas flourish. |
... |
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