With the news that Bitcoin is finally on the verge of scaling with the activation of Segregated Witness. Bitcoin will soon be able to facilitate many more users and transactions, growing the network and its potential value. …Its bigger than fiat !
“What was my aim for this talk? I wanted to take on the challenge of explaining Bitcoin to a totally non-technical audience. I wanted to find a way to explain Bitcoin, in one go, to people, some who’d never heard of it before, without focusing too much on any single aspect or getting too controversial”
Via @BTCbenny on the ‘BTC Sessions’ youtube channel
If your holding Bitcoin long term, Hardware Wallets such as Trezor and Ledger are a mustto protect your Bitcoin from hacks and eliminate counterparty risk that is present when holding Bitcoin on centralised exchanges.
“There seems to be a considerable amount of confusion among Bitcoin users regarding the nature of the process underlying changes to the Bitcoin protocol. In an earlier post I described the process for making code changes to the Bitcoin Core software repository. In this post I’ll go over the far more intricate process underlying changes to the consensus rules that ensure everyone ends up on the same blockchain and sees the same ledger and transaction history”
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.
With Altcoins & ICO’s enjoying the speculation party and the Bitcoin domination Index drops below 50% for the first time ever. I take a look at all the network effects that still make Bitcoin the King of Crypto.
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!