Highlights from my appearance on the World Crypto Network youtube channel.
We cover everything from Bitcoin scaling issues and whether or not they threaten Bitcoins future growth, to the recent problems R3CEV & the Banks are having creating a Private Blockchain standard.
We also talk about why central banks are really starting to fear Bitcoin & why Bitcoin is so important at providing competition through a competing monetary system. We finish by covering the push for mutable Blockchain ledgers and why this would benefit the legacy financial system and the banks, but not everyone else.
“Needham’s Spencer Bogart, the analyst has raised his price target on the digital currency from $655 to $848, due to “1) Adoption trending faster than we forecasted in March, 2) Improving fundamentals, and 3) Upcoming protocol improvements that present attractive optionality for the price of Bitcoin. At the highest level, we continue to see value in Bitcoin as a “digital gold” and as a payment network that is enabling a global, open, permissionless financial system.”
“Aside from its upside potential, one of the most appealing aspects of Bitcoin for institutional investors in our opinion is its low correlation to major asset classes”
“Bitcoin rose to an almost three-month high amid a surge in volume as the yuan extended a six-year low, bolstering Chinese demand for alternative assets”
“As the yuan enters a path of depreciation, investors will consider investing in assets that can preserve value and hedge risks,” said Zhu Jiawei, Beijing-based chief operating officer at Huobi, one of the largest Chinese bitcoin exchanges”
Kim Dotcom – on ‘Bitcache’ (Bitcoin monetised file and content sharing platform)
” Megaupload 2 and Bitchache is better than anything I have ever done and will be bigger than anything I have ever done”
We discuss the latest alleged happenings in the United Kingdom – from alleged secret lists of alleged foreigners to alleged investors allegedly realizing the economy isn’t the government’s primary consideration to allegedly leaked documents proving a not quite accurate assessment of just what RBS bank’s GRG unit did to small and medium sized enterprises. In the second half, Max talks to Kim Dotcom about Bitcache, a company for whom he is an evangelist. They discuss bitcoin, bittorrents and copyright cartels. Read more at http://www.maxkeiser.com/2016/10/kr978-keiser-report-business-deathallegedly/#S74tAwRfupdJ9M6r.99
“So for those of you who haven’t seen it — strap yourselves in for 140 years of Monetary History In Ten Minutes”“By the end of this clip you’ll be able to answer for yourselves:– Are we overdue for a new monetary system? – Is war good for an economy? – Why did Nixon sever the link between all currencies and gold?”
“Usury is a system that always takes more than it gives. The debt based economy is a parasite that will consume all the world’s resources until it kills its host. The best way to kill a parasite is to starve its food source. Rather than trying to fix a sinking ship, you can choose to withdraw your energy and your consent to feed an alternative model.Choice is the first step towards liberation. Bitcoin and open-source blockchain technology is a potential remedy for individuals to transcend financial slavery”
“GBP gold is just 13% below the all time record nominal high in sterling terms of £1,161/oz, reached on August 24, 2011. Gold bottomed at £700/oz in July 2015 and has seen a series of higher lows and higher highs since then”
“Over the long term, gold has performed well for UK buyers and protected them from the risks manifest in recent years. Over 10 years, gold in GBP terms is up more than threefold or by 222% from £317/oz to £1,023/oz. An average annual performance of over 13% per annum”