Jeff interviews crypto-expert, Trace Mayer, in a TDV subscriber first release interview, topics include: BTC segwit adoption, user activated BIP148 softfork to force segwit, BIP 148 coming ready or not, bitcoin scalability, the risks of forking the blockchain, community power, the true value of miners, securing your bitcoin through the upcoming fork, big BTC losses through poor security technique, don’t mix politics with investment, high transaction fees could be about to change, an examination of certain ‘altcoins’, and a hot tip on an altcoin with huge upside potential yet to take off.
Excellent interview with Bitcoin expert and Early investorTrace Mayer.
TOPICS IN THIS INTERVIEW: 02:45 There’s no room for ego in Bitcoin 04:00 When will Gold Bugs embrace Bitcoin? 07:00 Don’t mix emotion with Bitcoin! 08:40 Even sceptics now want to own Bitcoin! 10:00 The early days of Bitcoin 14:20 Are we approaching a Bitcoin bubble? 16:30 We are going through a financial technological revolution! 17:00 How to understand the TRUE value of Bitcoin 20:00 Bitcoin should be $36,000 23:25 Trace’s opinion of the Bitcoin scaling debate 27:05 The effects of high transaction fees on the Bitcoin network 31:35 Estimate of the amount of Bitcoin is lost or in storage 40:10 Bitcoin represents the first true free market! 41:30 Can Bitcoin be manipulated? 44:20 Ethereum’s true potential, is it really a store of value? 52:05 Steemit and its innovation! 54:20 Where to gain more of Trace’s insights
We have a legendary guest with us! Trace Mayer will be giving us his expert opinions into the current bullish Bitcoin market, with Bitcoin above $2000 many sceptics are starting to embrace Bitcoin’s innovative trend.
Trace will talk to us about the high transaction fees, Ethereum and the possibility of the only free market on earth being based around Bitcoin and Blockchain technology.
With many now turning to Bitcoin for profit and decentralized wealth Trace also explains why there is no room for emotions and ego in the Bitcoin eco system!
“The total estimated value of all gold mined is around $8.2 trillion USD. Meaning that right now all cryptocurrencies put together don’t even equal 1% of the world’s gold reserves. Similarly, there is currently about $1.5 trillion USD in circulation, meaning that all cryptocurrencies today are still worth less than 5% of USD in circulation”
Great article, also follow @beautyon_ who has done excellent commentary on this topic.
“Political compromises have no place in bitcoin protocol development. I have my full faith in the consensus-driven scientific process that’s based on open communications, technical merit and peer review. A top-down imposed agreement based on closed-doors lobbying that overrides the technical community consensus process and the established FOSS practices would severely undermine the value proposition of bitcoin and its long-term viability”
Allowing political compromises to shape bitcoin protocol development sets a dangerous precedent, constitutes a moral hazard and erodes the established FOSS practices and consensus-driven decision making.
I join the World Crypto Network to talk Bitcoin Price analysis, Why is the price rising? Have we seen the top? Where is it going next?
First Half Topics:
-Bitcoin price – Bitcoin is on another tear taking the world by
storm with it’s recent price rise breaking new ATHs yet again,
passing up gold, yet again. What do we think is causing this, how
long can it last, and where are we going from here?
-The scammer & fraudster Craig Wright recently attempted to step back into the public eye with the announcement of his new company nchain which claims to be a competitor to the Bitcoin Core implementation. With people like Jon Matonis, Gavin Andresen and Jeff Garzik all saying it’s a good idea, what do we think about nchain and it’s future?
-After a back and fourth on twitter with Andrew Desantis & Jihan Wu, Wu replied back saying bitmain may likely accept code to stop ASICBoost. Is this a sign of bitcoin game theory at work, forcing Jihan to finally realize what the market wants and is this the next step towards Jihan accepting segwit?
Second Half with Special Guest:
-RSK was created to make smart contracts more accessible to bitcoin, has it done this and is RSK compatible with any other chains?
-What makes RSK different/better than other platforms like ethereum?
-Can you name some good examples of ideas that RSK makes possible that otherwise would’nt able to be developed with just bitcoin?
-How far away are you guys from launching on mainnet?