CoinJournal Podcast

Dan Ashmore

CoinJournal's Dan Ashmore discusses crypto news, events, theories, and whatever else pops up each week, as he chats to a variety of people in the space. Visit CoinJournal.net for cryptocurrency news, reviews, guides, and more. read less
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Episodes

This Meme was Worth $800 Million But After a 99% Crash is Pivoting to DeFi - Podcast with the Director, Mark Basa, HOKK Finance
Jul 20 2022
This Meme was Worth $800 Million But After a 99% Crash is Pivoting to DeFi - Podcast with the Director, Mark Basa, HOKK Finance
Hokkaido Inu were one of the many memes that rode the coattails of Dogecoin’s success. Peaking at a mouth-watering $800 million in market cap, it was since abandoned by the founders and crashed down 99%.Today, however, it’s reinventing itself as a DeFi player “powered by memes”. Whatever you think about memes, they are definitely interesting. There is a dark side, of course, with innocent retail investors sometimes used as exit liquidity in what amounts to a pump-and-dump scheme by the creators. There is the entire issue of regulation – what should be allowed?But there are intriguing network effects, too, as a community of thousands – nay, millions – is worth a lot, no matter what way you swing it. So, how does one convert this community and this branding into a legitimate business? That is what HOKK Finance, hoping to rise out of the ashes of the Hokkaido Inu meme coin, is trying to answer.Mark Basa has been in crypto since 2011, working on a whole host of different projects and areas. He has meandered around the space and today one of his focuses is HOKK, where he works as the Director following joining the project after originally being just another buyer.  I sat down with Mark on the latest episode of the CoinJournal podcast to discuss all things memes – the dark side, the scams, the euphoria, the network effects, regulation, why they are worth anything, and so much more.  Full article can be seen on CoinJournal here -> https://coinjournal.net/news/podcast-can-memes-rebrand-and-provide-actual-utility/HOKK Finance website -> hokk.finance
Fantom CEO Michael Kong talks Macro, Inflation, Politics, Fantom and More | CoinJournal Podcast
Jul 15 2022
Fantom CEO Michael Kong talks Macro, Inflation, Politics, Fantom and More | CoinJournal Podcast
"(Inflation) is the most important political issue in existence"If you're only going to listen to one episode of the CoinJournal podcast, I would make it this one (in my extremely biased opinion).  I sat down with Michael Kong, the CEO of Fantom, one of the biggest cryptocurrencies around. But Michael is a deep thinker and understands the world has bigger problems right now, from the cost of living crisis to the spiralling debt and the crippling inequality gap. The podcast essentially took two parts, and the timestamps are below accordingly. The first half is mostly centred on Fantom, blockchain technology, comparisons of cryptocurrency's growth to the Internet, "standing on the shoulders of Ethereum" and DeFi. Super interesting stuff for any crypto junkies.The second half then turns macro, which is obviously turning everybody's lives upside right now. We took a deep dive into why Michael believes inflation is the most important political issue right now, how money printing during the pandemic stole from the poor to give to the rich, why it's so hard to live in cities like Sydney (where Michael is from) and Dublin (where I'm from), and why politicians have an incentive to cause inflation. Michael spoke candidly and with passion, and it was refreshing to hear him talk about the real reasons he got into cryptocurrency, and what he hopes the future holds, and routes to protect oneself in this environment. This was my favourite podcast episode yet, so I hope you enjoy it as much I did. "If they can pass the debt to future voters, then they can win the votes of current voters. So the incentive of the government is to create inflation because it lowers the cost of borrowing.""You have to protect yourself in this inflationary environment. But if you’re already super rich and you already own all these assets, then you win by default". "In 2020, Forbes reported that the increase in wealth for the Forbes (richest) 400 went up the highest in 2020 than in any year since they started recording. The reason it went up the highest rate is because they printed money” “What is the incentive for a politician? The incentive for a politician is to gain power and stay in power….how are they going to try and get votes? By spending a whole bunch of money without taking money from the taxpayer…they pass the book down the road”.0:00 Preview2:52 What is Fantom?8:55 Fantom's Consensus Mechanism & Tradeoffs12:32 Comparisons to Ethereum17:06 Cryptocurrency vs the Internet20:00 Standing on the Shoulders of Ethereum25:17 DeFi27:44 Bear Market32:20 Money Printing, And How Bad is the Economy?37:23 Inequality and the Problems Inflation Causes38:12 Inflation is the Most Important Political Issue46:20 Inequality & Politics48:58 Next Bull Cycle52:45 Debt CrisisFantom are best followed on Twitter @FantomFDNFor the open jobs Michael mentions at the end of the podcast, visit their site here -> fantom.foundation/careers/Fantom Website -> fantom.foundationRead my more in-depth article on the podcast over on CoinJournal here -> coinjournal.net/news/interview-michael-kong-ceo-of-fantom-just-gets-it/