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

CRYPTO 101

Bryce Paul & Brendan Viehman

Business News, Business, Tech News, Investing, News

4.3 • 841 Ratings

🗓️ 8 May 2020

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

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 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Our Sponsors: * Check out Mars Men and use my code Mengotomars.com for a great deal: https://mengotomars.com * Check out Mars Men: https://mengotomars.com * Check out NPR: https://npr.org * Check out Quince and use my code quince.com/crypto101 for a great deal: https://www.quince.com * Check out Scribe and use my code Scribe.how/CRYPTO101 for a great deal: https://scribe.com/Crypto101 * Check out Shopify and use my code shopify.com/crypto101 for a great deal: https://www.shopify.com Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

Click on a timestamp to play from that location

0:00.0	Today's show is brought to you by our new sponsor Cog Network.
0:13.0	Cog Network, geared for gain.
0:16.0	Cog Network is hedge fund investing evolved.
0:19.0	By owning Cog Network tokens, you get exposure to the hedge fund's gains.
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,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Bryce Paul & Brendan Viehman, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Bryce Paul & Brendan Viehman and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.