Sandvik mining calculator bitcoin
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Tim dombrowski andreessen horowitz and bitcoin
Later took it more seriously because of the bankster bailouts. I also like "use case" - like Namecoin NMC I dont agree with what he said about Bitcoin's biggest value being centered around money laundering, drugs, prostitution.
LTC block time is 4 times faster, and with lower transaction fees. Unless BTC can dramatically reduce its blocktime and fees, then it cannot take the supreme position among crypto currencies. Whether the various forks and innovations from some of the ALT coins can motivate Bitcoin to innovate and meet the challenges ahead, I cannot see how it will be able to compete as the world's most efficient crypto currency. Perhaps it will still hold the greatest store of value, but that would be all in a truly competitive and practical environment.
Bitcoin does not qualify as money that can be used for people to buy things. The reason is its limited supply. That makes it a great asset to store value. But that's not the same thing as digital money. Anything you want to use as money has to allow some degree of inflation.
Otherwise you will inevitably habe deflation which means nobody will spend the deflationary 'money' any more, so the economy is stopped. Bitcoin is not money and can never be. Litecoin can't be, either. That's not a bad thing. It is what it is. But you then need an altcoin with inflation that you can use as digital money. The idea that governments are the entities that control people by controlling money is not incorrect. That being said, governments and citizens are controlled by the people who control fiat money banks and the most wealthy 10, families in the world.
Bitcoin and alt coins mean that real democracy is possible. Bitcoin will be bigger than both. I dig your style homie.. You do your thing and hold true, very cool! Tone and Thomas are my favorite people to watch. With it understood,but I think how to sell Bitcoin Gold after Fork 24 oct. Yesterday i test btgolds.
Who knows as them to transfer to the exchange and to sell? I can't understand,and want to exchange for dollar. Amount and value are subjective - if you have all the "cash" in the world, its probably worthless by that point, cos you got it all: A decentralized transaction network needs transactions to make it a network worth decentralizing: Thanks Again Tone, there are people out here who really appreciate your contribution, myself being one of them.
I can see the US hyping up a crypto currency like FedCoin They will centralize it, they will tax it and they will make people believe it is better than Bitcoin. You are toeing the line of the banking industry's mantra when you continue to spew that Bitcoin's main pupose is for non confiscatable peer to peer transfer and that legalization of illicit activities would hurt bitcoin.
You probably use the closing if the silk road to support your arguement but that was just a road bump and bitcoin has continued to survive and rocket in value.
The main purpose of bitcoin is a deflationary store of value. You don't even mention bitcoins ability to retain value against central banks that monetize their cronies debt. You know that central banks and associated banks make a ton of money on interest out of thin air on the backs of its citizens. Bitcoin protects the citizens income against inflation caused by central banks insatiable desire to create fiat to buy insolvent debt.
Tone you need to change your tune or you will be labeled as a mole for the central banking machine. Is it reasonable to say: Imagine, all the cryptocurrency: It is not that convinient for grandpa or grandma to go into GitHub, copy the script and operate the less user friendly watllet software.
In additioin, the designer of various software wallet as I checked, tend to use their own technical terms on various button, that can confuse even a younger person.
There should be a universal easy to understand termanology for these Good thinking, but I cant accept every alt coin to be worthless. Bitcoin has issues and some of them are unsolvable. Alts will solve them.
I do agree with Tone's assessment of Bitcoin core developers. I suspect Ethereum developers are top notch too, not only Vitalik. But I don't have confidence in the teams of the cryptocurrencies that have been created since the beginning of this year, I think Bitcoin will be important in use and widely used in ten years.
I think ETH might too, unless the Bitcoin blockchain becomes the top smart contract platform. I buy fraction bitcoin in monday. Hope it grows higher and higher: When the alt coin bubble pops, the people who are invested in alt coins will move their money back into Bitcoin How is that going to work, Tone?
When the bubble pops, that means that the money invested in the bubble is gone. If you only support PoW, you really don't understand blockchain today and I cannot watch this further. Thanks for your time. Well, if governments legalize all the stuff you mentioned, BTC does lose a lot of value, but it will not be useless.
Governments can revert their policies in a matter of seconds, which is a real and permanent threat, so there is no way for BTC to become useless. Because the wallet isn't safe unless you have a separate screen And mobile devices can be hacked to steal your bitcoin it seems it's something only computer geeks are gonna be involved in? Eventhough states can be liberal not policing peoples' money that is actually issued by states , I think that the single fact that regulation CAN happen in centralized monetary societies, is a good enough reason for individuals to hold Bitcoin -like value.
You stated that Segwit2X is garbage compared to even Bitcoin Gold. You stated that Segwit2X is going to be centralized by a bunch of companies. There is nothing to stop this coin B2X from making changes to the original architecture.
You argue that B2X will lose its value as a store of value because of the degree of central control underpinning the coin. I agree with all of this. I simply understand the store-of-value premise of BTC, as well as the asset value of robust crypto economies such as NEO, which is something completely different token is not a crypto by design here and can potentially work cohesively.
One is gold, one is oil, if you get me. For the record, I don't see Segwit2x working because the people, I think, will not support it. Tone vays has no idea about code and the tech revolution going on! Awesome vid - Cheers Tone and interviewer lady - very interesting!!! Ha - thats what the "anonymous mask" is for: When you say that switzerland creating a crypto is going to be serious competion to bitcoin dont you think that this new coin will be centralized?
Tone's right that bitcoin, ironically, gets its value government. If we didn't need to evade gov't it would take the wind out of bitcoin's sails. Lighting transaction speed at very low cost? Don't ask Tone about anything other then Bitcoin every question is the same every answer is the same. Thanks for the interview Tone! The interviewer has a voice of an angel btw. Keep up the good work!
Tone, I am an ancap critic of you, of course, but I really enjoy your shows, especially MA. I am by no means a day trader because if I used GDAX to follow your advice, I would be getting short term gain taxes like crazy. I do appreciate this interview. I know you are in touch with the Bitcoin developers such as Jimmy Song and you have a good idea of the cryptocurrency developers across the various tokens.
For that reason, I listen to you. The innovation brought by Bitcoin literally brought and still bring food on the table from people in Venezuela, Brazil I am a living example of this , Zimbabwe, Kenya, Greece So, do not be a fool thinking that it is politics that will help you. It is the technology innovation that will make miracles be achieved, not politics. Tone is a statist and thinks eliminating victimless crimes will remove all the reason to use Bitcoin. Whether the RSK smart contract API on Bitcoin blockchain takes off or the ETH continues to be the smart contract platform of choice, you will be able to invest in traditional asset classes such as stocks by using smart contracts.
And that means no s. Tone, your description of situation in Ukraine is so accurate! I wouldn't describe it better. Hope you succeed in your future plans.
How I Afford My Lifestyle.