Ep. 326 - A Conversation with IOTA founder, David Sonstebo

CRYPTO 101

Bryce Paul & Brendan Viehman

Business, Investing

4.6 • 821 Ratings

🗓️ 8 May 2020

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode of CRYPTO 101, brought to you by eToro, we talk to the founder of IOTA about one of the coolest projects in the crypto space. We talk a lot about the future of automation and the future that is upon us, built around a machine-to-machine economy. The dominating news is their wallet was hacked, and David reimbursed roughly two million dollars worth of stolen tokens out of his own pocket! This signifies a huge change in philosophy in crypto, when stolen funds used to be met with a shrug and “oh well”. David clues us in on why he couldn’t sleep at night until IOTA token holders could, too. We talk a lot about the future of automation and the future that is upon us, built around a machine-to-machine economy. Sponsored link: https://www.etoro.com/crypto101 Guest Links: https://twitter.com/iotatoken Show Links: https://CRYPTO101podcast.com Patreon: www.patreon.com/user?u=8429526 Twitter: https://twitter.com/Crypto101Pod https://twitter.com/BrycePaul101 https://twitter.com/PizzaMind https://instagram.com/crypto_101 Facebook: https://www.facebook.com/groups/101Crypto https://www.facebook.com/CRYPTO101Podcast **THIS IS NOT FINANCIAL OR LEGAL ADVICE** © Copyright 2020 Boardwalk Flock, LLC All Rights Reserved ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Fog by DIZARO https://soundcloud.com/dizarofr Creative Commons — Attribution-NoDerivs 3.0 Unported — CC BY-ND 3.0 Free Download / Stream: http://bit.ly/Fog-DIZARO Music promoted by Audio Library https://youtu.be/lAfbjt_rmE8 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

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0:00.0	Today's show is brought to you by our new sponsor Cog Network.
0:13.0	Cog Network, geared for gain.
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0:23.9	The hedge fund is comprised of algorithmically traded commodity futures
0:27.8	and investment in hard assets related to energy.
0:31.0	The first hard asset is partial ownership of a multimillion dollar solar farm
0:35.0	that has a crypto mining operation attached. I mean, this is really
0:38.5	something that both traditional and crypto investors can come together and participate in. So for
0:43.8	traditional investors, they can get exposure to cutting edge blockchain technology and a framework
0:48.7	that they're familiar with, a hedge fund, right? And crypto investors can get exposure to an actual
0:53.6	security that bears dividends
0:55.6	and includes non-crypto assets. So that's super cool. And just for full disclosure,
1:01.0	Cog Network is a fully registered and regulated entity qualified by the SEC as a reg D as well as a reg S and
1:07.6	has a 506C exemption. They've been working with lawmakers since 2017 to get this
1:12.6	idea built out in a fully compliant way. Crip Nation, if you guys are interested in learning more
1:17.2	about a tokenized hedge fund, go visit www.cog.network.
1:26.3	All right, all you good citizens of Crip Nation, thanks for tuning in for another action-packed
1:33.1	episode here at Crypto 101 podcast. For those of you guys who are just tuning in, maybe for the
1:39.2	first time, I'm Bryce Paul. I'm your host here on this podcast, and unfortunately, I'm not joined by my co-host,
1:46.5	Pizza Mind today. He is missing in action, but he'll be back here in no time. Today I'm joined
1:53.2	by a fascinating, fascinating founder. A lot of you guys have probably heard of the project Iota,
	...

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