Daily Update (11/13/17) | Discussing the aftermath of BCH, Bitcoin futures set for December





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27 replies
  1. DataDash
    DataDash says:

    Keep in mind, I'm not supporting SEC regulation. I'm saying that if we allow these kind of events to be seen as normal early on, it won't matter what we think about regulation. Cryptocurrencies will either become heavily regulated by the SEC, or we'll scare of 95% of the world from adopting Bitcoin and other cryptocurrencies. And the latter of the two scares me.

    Reply
  2. Pieter Vandewoestyne
    Pieter Vandewoestyne says:

    Thank you for the great insight on Bitcoin Cash. I got carried away by FOMO but luckily I got out quickly enough and made some profit out of it. I'm going to stay far away from Bitcoin Cash in the future, even when it overtakes Bitcoin.

    Reply
  3. D B
    D B says:

    dude, do you have anything positive to say about bitcoin cash? ffs man you keep saying it's "muh pure market manipulation" & now you are advocating regulation in crypto & recommending icos that don't even have a working product yet (ARK, SUB, etc). You need to address that BCH is decentralized where as the lightening network IS CENTRALIZED. Also, BCH has a working product with transaction fees that are incredibly low (which you mentioned i'll give you that). If BTC is just an inferior asset then why hold it?

    Reply
  4. Erik Lotsy
    Erik Lotsy says:

    Hi Nicholas, thnx again for your great videos! I am very optimistic about current markets! Big believer in cryptocurrencies as being part of the new financial future. I think its been asked before but could you have a look at usitech-int….seems like a scam to me. Please tell us about it to prevent financial damage for your subscribers. Thnx dude

    Reply
  5. Keith Taubin
    Keith Taubin says:

    We are holding it as an asset for now… future will likely be a means of transacting for other goods and services as soon as it becomes more adopted 😉

    I don't think that the SEC or any other governmental agency should be involved… We as the people should be making the decisions to how this moves forward. I left my mommy and daddy and don't need replacements yet 😉

    Reply
  6. Will Power
    Will Power says:

    How Nick can claim pure manipulation is beyond reasoning. ZERO manipulation, just tons of people learning the BTC vs BTH details and taking a side. lighting senergy with segwit is a desaster (for BTC) waiting to happen.

    Reply
  7. Jason Burton
    Jason Burton says:

    @DataDash Can you talk about the Bitcoin backlog in regards to transferring from one exchange to another? I can't find anybody really making a video about this, but it creates the dilemma of using Bitcoin or Ethereum to transfer. I use GDAX and need to transfer to Bittrex and then back to GDAX. Most coins are only able to be bought with Bitcoin, but transferring Bitcoin now requires a long time. I don't know how to go about finding out how long; maybe you are able to figure this out. I know the backlog is over 96,000. So should I still transfer with Bitcoin or use ETH, which creates another problem of transferring ETH to BTC then buying the altcoin of choice, which means double the fee. Something nobody seems to have thought about yet. If you could address this, that would be super awesome. What you are doing is very impressive. Thank you for everything you do.

    Reply
  8. Rof Lhard
    Rof Lhard says:

    Who owns Blockstream?

    What I had long suspected was confirmed tonight. Blockstream (who funds Core) is in the pocket of Central Bankers. Blockstream is owned by Digital Currency Group. If you look at their managers/directors/advisors, its a "who's who" of Central Bankers.

    Think about that for a minute. Who is deciding against 2mb, 4mb, or even bigger blocks? A group that is funded by an arm of Central Bankers. What do Central Bankers have? Experience. Centuries worth. They've been spreading FUD and misinformation for decades, for centuries.

    Glenn Hutchins: Former Advisor to President Clinton. Hutchins sits on the board of The Federal Reserve Bank of New York, where he was reelected as a Class B director for a three-year term ending December 31, 2018.

    Barry Silbert: CEO of Digital Currency Group, (funded by Mastercard) who is also an Ex investment Banker at Houlihan Lokey. This is the guy who thought SW2x was a good idea.

    Lawrence H. Summers: "Board Advisor" "Chief Economist at the World Bank from 1991 to 1993. In 1993, Summers was appointed Undersecretary for International Affairs of the United States Department of the Treasury under the Clinton Administration. In 1995, he was promoted to Deputy Secretary of the Treasury under his long-time political mentor Robert Rubin. In 1999, he succeeded Rubin as Secretary of the Treasury. While working for the Clinton administration Summers played a leading role in the American response to the 1994 economic crisis in Mexico, the 1997 Asian financial crisis, and the Russian financial crisis. He was also influential in the American advised privatization of the economies of the post-Soviet states [a massive FUD campaign that caused Russian citizens to sell their shares in public companies – these shares were purchased by Oligarch bankers with ties to Western Banks], and in the deregulation of the U.S financial system, including the repeal of the Glass-Steagall Act.

    Blythe Masters: "Former executive at JPMorgan Chase.[1] She is currently the CEO of Digital Asset Holdings,[2] a financial technology firm developing distributed ledger technology for wholesale financial services.[3] Masters is widely credited as the creator of the credit default swap as a financial instrument. She is also Chairman of the Governing Board of the Linux Foundation’s open source Hyperledger Project, member of the International Advisory Board of Santander Group, and Advisory Board Member of the US Chamber of Digital Commerce.

    DCG is also an investor in BitGo (See "How it works"). See also: Money map BitGo aims to become a "service" which prevents double spending. I thought Bitcoin had that built in. Well this service is only useful if transactions aren't being confirmed in the blockchain (rather, confirmed in, say, a side-chain, like Lightning–Blockstream's developing technology). Surprise, surprise. SegWit2x would literally take power out of the hands of the miners and gives it to central bankers and MasterCard. Interesting that after the decision to "suspend" (does not mean cancel) SegWit2x, Bitcoin gets held hostage by ridiculous transaction times.

    Reply
  9. LafoThaMamone
    LafoThaMamone says:

    BitCoin should be just BitCoin by the definition in the WhitePaper, any other coin, fork whatever cant have BitCoin name in it. If one or several of the devs dont like it and are not majority, take the code and create another one, but without BitCoin name, just as any other crypto. However if BitCoin came out as a fresh coin with current code none would even look at it. Maybe it is time that they wanish and make room for alts that are actually decentralized and where the bestones will get addopted and survive. If you want value storage coin, just make one that follows current value of gold, something like Gold Tether and thada, you got a value storage coin 🙂

    Reply

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