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.
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!
Bitcoin market update ,Bitcoin Fundamental & Technical analysis. Bitcoin surges through $2000 on this historic run! How did we get here, where could we be going , what to look out for, caution is required as the trend accelerates.
Caution: I dont give financial advice but Bitcoin is rising fast in the short term be cautious with how much capital you risk at higher levels.
“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.