My appearance on the Adam Meister (AKA The Bitcoin Meister) YouTube channel. Thanks to Adam for inviting me on below is a list of all the talking points and time stamps.
- Are we in status quo with regards to Scaling & Segregated Witness adoption 1:00
- Should there be compromise between Bitcoin Core & Bitcoin Unlimited? 7:40
- Will a Hard fork be devastating for Bitcoin? 17:40
- Bitcoin Store of Value or Medium of Exchange? 28:45
- To what extent could the Chinse state or other states be influencing Bitcoin behind the scenes 38:47
- Do Alt-coins already solve the need to buy a ‘coffee’ transaction issue 47:30
- Final thoughts 50:30
By Amy Castor @ coindesk.com
- “At its most basic, a fork is what happens when a blockchain diverges into two potential paths forward — either with regard to a network’s transaction history or a new rule in deciding what makes a transaction valid”
- Hard Fork: A hard fork is a software upgrade that introduces a new rule to the network that isn’t compatible with the older software. You can think of a hard fork as an expansion of the rules. (A new rule that allows block size to be 2MB instead of 1MB would require a hard fork).
- Soft Fork: A soft fork, by contrast, is any change that’s backward compatible. Say, instead of 1MB blocks, a new rule might only allow 500K blocks.
Read more here…
By Audun Gulbrandsen
Amazing poster showing the balance of power between all entities in the bitcoin space
See the poster here…
In a world where the rule of law no longer exists for the financial & political elite, it has fallen on Bitcoin to provide people of the world Justice and restitution.
Adam Meister talks about the dangers of a Bitcoin hard fork and why it should be avoided at all costs.
Via Harvard Business Review hbr.org
- “We might best understand Bitcoin as a microcosm of how a new, decentralized, and automated financial system could work. While its current capabilities are still limited (for example, there’s a low transaction volume when compared to conventional payment systems), it offers a compelling vision of a possible future because the code describes both a regulatory and an economic system”
- “A new decentralized financial system made possible with cryptocurrencies could be much simpler by removing layers of intermediation. It could help insure against risk, and by moving money in different ways could open up the possibility for different types of financial products. Cryptocurrencies could open up the financial system to people who are currently excluded, lower barriers to entry, and enable greater competition”
Read more here…