Brazil, Russia, and about 7 other countries will build on Etherium

14:28
altogether you also have the interest
14:30
from many other countries around the
14:31
world for those of you who have not been
14:32
paying attention or have not seen my
14:33
other channel Brazil Russia and about
14:37
seven other countries have all announced
14:40
that they are going to be building on
14:41
top of a theorem which means that they
14:43
these countries also believe that the
14:45
etherium protocol has some type of it
14:48
has legs it has longevity it’s going to
14:49
be around for quite a bit of time and
14:51
therefore this is why they are actively
14:53
going to be building on it one can
14:55
assume that if countries are going to be
14:58
putting their laws put in their
14:59
information putting their farming
15:03
information and all this other stuff
15:04
that people plan on using for aetherium
15:05
on top of the etherium blockchain they
15:07
are probably not expecting it to going
15:09
away anytime soon
15:11
another case whatever staking that’s
15:16
everything that that basically
15:17
encompasses a huge amount of what’s
15:19
currently going on right now just to
15:22
give you an idea and I needed to do this
15:24
because if I simply said Oh
15:27
like that those noises make no sense but
15:30
what happens is that I say things and
15:31
the people get annoyed so I make sure to
15:34
explain the things as for my final
15:36
answers everyone kind of gets it which
15:40
would I choose the which do I think is
15:41
better this is not clear cut and dry in
15:45
any specific way the idea that Bitcoin
15:47
will remain the number one
15:48
cryptocurrency forever and ever is a
15:51
very popular idea no one knows if this
15:54
is going to happen however there are
15:55
many people who believe that bitcoin is
15:57
going to maintain its number one
15:59
position forever or for the next 20 or
16:02
so years and at that point bitcoins
16:04
price will be high enough then nothing
16:06
will be able to usurp it on the other
16:08
side we have a lot of ideas as to how
16:11
far a theorem could go especially with
16:13
the the pre discussions of what etherium
16:15
3.0 could be about potentially in the
16:17
next five or six years we are currently
16:19
in a situation where there are tons of
16:20
companies there are tons of institutions
16:22
who are building on top of a theorem in
16:23
an effort to whatever the actual case
16:27
might be it depends on what you wanted
16:30
it depends on kind of what you believe
16:31
your long term goals are as far as sorry
16:36
you can hear that noise I do apologize
16:37
it’s just it’s life I can’t help it for
16:41
Bitcoin there are currently not many
16:46
ways to make passive income from Bitcoin
16:48
outside of being able to lend it to
16:55
other people on lending platforms you
16:57
can make a pretty good return on it
16:58
however you didn’t have the idea that
17:01
you have to lend your money out to other
17:02
people in the hopes that they’re going
17:03
to then pay your money back to them the
17:06
other side is that with aetherium you
17:08
simply have the 32 ether if not a little
17:10
bit more or a little bit less whatever
17:11
the case might actually be and you’re
17:13
kind of making your own money by
17:14
yourself the future prediction prices
17:16
that I’ve seen for ether we previously
17:19
before in the past
17:20
hit 1,400 per ether the numbers that I’m
17:26
seeing now with an actual idea that
17:28
aetherium 2.0 is going to launch and we
17:30
end up being able and capable of
17:32
processing tens of thousands of
17:34
transactions per second I’ve seen prices
17:36
anywhere between four to eight thousand
17:38
US dollars per ether
17:40
if you have 32 ether times 8,000 and
17:43
you’re making a 12 percent return per
17:45
year you’re making a fair chunk of money
17:47
that can potentially allow you to live
17:49
on your own without having to really
17:52
work especially if you are minimalist
17:55
and have figured out ways of not really
17:57
having to output too much money the
18:01
other portion of a simply being is that
18:03
bitcoin is Bitcoin bitcoin is being
18:08
adopted by banks institution stock
18:10
exchanges hedge funds retirement funds
18:13
everywhere you kind of look at it
18:15
bitcoin kind of is the name of the
18:18
cryptocurrency market if you kind of
18:19
want to say that I’m sure we may have
18:22
differentiating different ideas as to
18:25
what is going to do what in the future I
18:28
myself this is it’s not difficult to say
18:31
but I can feel people like waiting in
18:33
the comments section like to see what
18:34
I’m going to say so they can like start
18:35
typing I would choose Bitcoin simply
18:39
because bitcoin is Bitcoin it has proven
18:43
itself over the last 11 years the amount
18:45
of times that people have recreated
18:47
Bitcoin the copied Bitcoin made their
18:50
own versions of Bitcoin talked about
18:52
Bitcoin disappearing Bitcoin not being
18:55
able to rise above $200 Bitcoin is never
18:57
going to arrive above a thousand bit
18:59
there’s no possible way the Bitcoin can
19:01
rise above 10,000 and this simple amount
19:03
of interest that we’ve been seeing if
19:04
you don’t know any of this my other
19:06
channel is on the interwebs look at a
19:10
couple of episodes it’s fairly clear
19:14
that Bitcoin is probably not going
19:16
anywhere anytime soon I don’t expect
19:18
Bitcoin to poof or disappear and I think
19:21
it probably has mathematically the
19:25
longest I think it will be around for
19:29
the longest more than other coins that’s
19:30
not to say that he theorem is going to
19:32
disappear I think he theory am right now
19:34
also has a very fair chance of being
19:36
around for at least the next ten plus
19:39
years this is also just me I’m one
19:40
person I do not know the future however
19:42
this is kind of how I feel however I do
19:46
think that they will both do fairly well
19:48
in the future it’s just more a matter of
19:51
as far as if Bitcoin can hit 250,000 per
19:58
coin or half a million per coin in the
20:01
next 10 to 12 years I think that is my
20:05
bet or what I would stick with but then
20:07
again this isn’t an easy discussion or
20:10
topic I’ve had this discussion before
20:11
with a number of really close friends as
20:13
to what they should buy and I’ve thrown
20:15
my hands in the air because I can’t give
20:17
them an answer I have my own ideas as to
20:20
what things are how things are going to
20:21
be it’s the same exact thing when people
20:22
talk about the future of Tesla people
20:24
think that Tesla stock is really going
20:26
to 10x over the next 10 to 15 years well
20:29
I have other people who think that Apple
20:30
or Facebook or Amazon are going to also
20:33
outperform them no one knows this is
20:34
kind of this idea of what is currently
20:36
happening and this is how we base the
20:38
how we base the future I do hope you
20:42
enjoyed I do hope you understood my
20:46
answer I do think that both coins are
20:48
great I think they’re also a trickle a
20:50
trickle a trickle trickle of other
20:54
cryptocurrencies that are fairly ok
20:57
however I do think that these two are
20:59
really at the front as far as adoption
21:03
but that’s not to say that in the future
21:05
we will not see more cryptocurrency
21:06
projects that will also flourish in this
21:11
space I do hope you all enjoyed hope you
21:13
all are having a great day a great
21:14
morning a great after I can feel the
21:16
comments I can feel them I can feel the
21:17
feel the reactions I hope you all are
21:20
having a great day a great morning a
21:21
great afternoon or good evening wherever
21:22
you are wherever you might be I do hope
21:23
it’s absolutely fantastic thank you all
21:26
once again for watching and or listening
21:28
and I will most certainly be talking to
21:30
you all soon see you

Reasons not to Buy Bitcoin

Other Arguments:

  • Bitcoin is a scam because “they” can always print more.
    • No, only 21 million Bitcoins will ever be created.  This limit is hard-coded into Bitcoin’s code.  This can only be changed if a majority of holders agree to change it. The holders of Bitcoin have an interest in Bitcoin staying scarce.  If they were to change this limit they would be devaluing their own ownership stake.
  • What if inflation doesn’t go up, but stays low?
    • Your investment assets may inflate in nominal value, but if the interest rates stay depressed (low-interest rates), retirees won’t be able to live on the interest, even with high nominal portfolio values.
    • Reasons why inflation may rise:
      • If we don’t get a depression, one potential cause of inflation is commodity scarcity in 2 or more years.
      • The Federal Reserve will have a hard time keeping inflation under control by raising rates because the Federal Government can’t afford to raise the federal funds rate.  Doing so would cause the government to pay higher interest on its debt, which the government can’t afford.
  • What if the government develops its own digital currency?
    • The digital dollar will have the same monetary policy (more money printing).  Bitcoin’s rationale still holds up because its 21 million coin limit is its competitive advantage.
  • Bitcoin’s mining process uses too much energy.
    • The dollar is a currency backed by the US military.  Which is worse?

 

Epsilon Theory Podcast: Bitcoin: Is That All There Is?

In this kick-off Epsilon Theory webcast, I’m joined by renowned cryptocurrency miner and trader @notsofast for a wide-ranging conversation on Bitcoin and crypto.

To put it in crypto and Epsilon Theory lingo, we talk about talk about DeFi, the “Saylorization” of Bitcoin, and brainstorm about how to keep the animal control officers focused on the huckster raccoons rather than us too-clever-by-half coyotes.

To put it more simply, we’re talking about this:

Can Bitcoin preserve its revolutionary potential after a Wall Street bear hug?
I’m highly skeptical, but @notsofast has some ideas on how to make this work. The end result of this conversation is a challenge and a research project for both of us … and for you!

How the US government is using blockchain to fight fraud | Kathryn Haun (TEDx)

Kathryn is sharing about the first case of the US government using blockchain to fight fraud. She is sharing about how they could shut down the silk road and even indicted federal agents in the process. Based in San Francisco, Kathryn Haun is a federal prosecutor with the U.S. Department of Justice and is its first-ever coordinator for emerging financial technologies. Since 2006, she has served as an Assistant U.S. Attorney, first in the Washington D.C. area and later in San Francisco, California. She has investigated and prosecuted hundreds of violations of federal criminal law in U.S. courts, with a focus on organized crime syndicates, cybercrime, the Dark Net, and fraud. In addition to her role at the Justice Department, she teaches Stanford Law School’s first-ever course on Cybercrime and Digital Currency and is frequently called on by U.S. and international policymakers for her expertise in these areas.

Keiser Report – Simon Dixon predicts bankers could soon riot in the streets

In this episode of Keiser Report’s annual Summer Solutions series, Max and Stacy chat to Simon Dixon of bnktothefuture.com about his prediction that bankers could soon riot in the streets if central banks allow them to go bust, or if governments deny them a bailout. In the meantime, money is being destroyed as businesses collapse, that is causing central bankers to print faster which, in turn, is undermining the stability of the economic system and also creating a class of cantillionaires presiding over the debt ruin they created. Once it falls apart, however, Simon Dixon sees the central banks will start offering retail banking direct to consumers through technology. They also discuss a monetary renegotiation as the global fiat system struggles to recover from all the future production brought forward in the form of massive debts suffocating current economic activity. About Simon: Simon Dixon: co-founder and CEO of the largest Global Online Investment Platform – BnkToTheFuture.com | Author of best selling book on Amazon: Bank To The Future: Protect Your Future Before Governments Go Bust (the first published book to include the topic of Bitcoin) | Investor in over 100 of the most important and biggest FinTech and Crypto Companies in the world which include Coinbase, Kraken, BitPay, BitFinex, BitStamp, Circle, Ripple Labs, Blockchain.com, and Robinhood | Simon was invited as a guest speaker to the world’s first Bitcoin conference | Simon has been interviewed on BBC, CNBC, Reuters, PressTV, Bloomberg, FT, RT (A regular guest with Max Keiser on the Keiser Report) | Biggest Social Media interviews: London Real | Simon has been campaigning for monetary reform for over 20 years and has consulted Politicians, world leaders, and governments about the Future of Finance, Bitcoin and FinTech. Simon is seen as one of the most important people within the FinTech and Bitcoin/Crypto sector and has won admiration from big name entrepreneurs, investors, news anchors and now a growing community of people from all over the world. Simon Dixon’s following is growing and he appreciates it greatly. Please follow him on: Twitter: https://twitter.com/SimonDixonTwitt (He is most active on here) LinkedIn: https://www.linkedin.com/in/simondixo… Facebook: https://www.facebook.com/SimonDixonBTC/ Youtube: https://www.youtube.com/SimonDixonBF (Every Wednesdays from 7pm BST join Simon on his show LIVE AMA with Simon Dixon).