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Bitcoin news for the week of May 1st with your hosts @theonevortex @miketwenty1 @AnselLindner @sharkybit @desantis and special guest @dieguito!
Announcements:
-Thanks to everyone who signed up for my consulting service so far. I've been having a great time speaking about bitcoin to you in a 1 on 1 personal setting.
First Half Topics:
-Bitcoin price – Bitcoin is on another tear taking the world by
storm with it's recent price rise breaking new ATHs yet again,
passing up gold, yet again. What do we think is causing this, how
long can it last, and where are we going from here?
-The scammer & fraudster Craig Wright recently attempted to step back into the public eye with the announcement of his new company nchain which claims to be a competitor to the Bitcoin Core implementation. With people like Jon Matonis, Gavin Andresen and Jeff Garzik all saying it's a good idea, what do we think about nchain and it's future?
-After a back and fourth on twitter with Andrew Desantis & Jihan Wu, Wu replied back saying bitmain may likely accept code to stop ASICBoost. Is this a sign of bitcoin game theory at work, forcing Jihan to finally realize what the market wants and is this the next step towards Jihan accepting segwit?
Second Half with Special Guest:
-RSK was created to make smart contracts more accessible to bitcoin, has it done this and is RSK compatible with any other chains?
-What makes RSK different/better than other platforms like ethereum?
-Can you name some good examples of ideas that RSK makes possible that otherwise would'nt able to be developed with just bitcoin?
-How far away are you guys from launching on mainnet?
Links:
@peterschiff is still saying btc is not worth anything vs gold
Regarding the rising price of bitcoin, I think my point is that there are NEW demand verticals for bitcoin for sure. A burgeoning sector of the information security world is ransomware and other criminal activity. The real world use cases for bitcoin are growing at the same rate or greater than the rate at which the criminal underworld rolls out new scams. This should be regarded as super-good news for the long term price of bitcoin.
Best crypto / Btc show on YouTube
You should seriously check out Bitcoin Uncensored (Chris DeRose)
Anyone see the new bitcoin dominance graph at https://coinmarketcap.com/charts/#dominance-percentage ? It now shows 5 top currencies, not just bitcoin. Times are a changing.
Nice one….times are going to change. Great technology will win and Bitcoin currently lags IMO.
Litecoin guy is still trying to sell his house, just pouring salt on the wound.
Can you invite me on to be a panelist!
@ 1:10:55 And this is why China is making a ChinaCoin, backed by Gold…
Love the content guys!
Jihan Wu has blocked me on twitter… LOL Must have struck a nerve… The truth hurts… Guess he doesn’t like being called a sociopathic, greedy, power hungry, psychopath! That’s just my opinion though! LOL
When you going to have Gabriel D Vine back on???
Gabriel has been traveling alot these past few months, he should have a stable internet connection pretty soon though, once he does he will be a regular again on the show 🙂
Cool thank u
Hiya from the UK. Great show. Could you do a little chat on Golem by any chance? P.S Check out the new Crypto news” page on WikidVid.com. Yes you are featured on it, and if anyone has idea’s of how to improve it. ie; what should be on there that isn’t there at the moment what isn’t so good etc.etc. Love & peace always to all from the UK. Rea. .
Dudes saying they don’t need status are just people who haven’t achieved any – its only when you have everything you want now that you swing into that mode of desire.
you guys ‘kill it’ every time!
I agree w/ Michael about his perspective on the alt bubble. People are hungry for an easy profit and are investing in projects without much infrastructure let alone proven infrastructure. Based off similar events, I could see an eventual consolidation of the money in Alts to the top tier coins.
regarding segwit
I have no issue w/ the hesitation of btc miners to signal for segwit. It allows the concept of segwit to be proven on other networks before risking bitcoins image. Once it is successful and proven, btc miners would gain incentive to signal or else risk loosing user base.
good stuff ….
Thanks, what ya think about 2nd best known crypto Litecoin by being the silver coin to Bitcoin gold.. isn’t the price under under valued ?
Litecoin is indeed a great technology to pair up with bitcoin. I don’t see litecoin going anywhere as it provides lots of benefits to bitcoin including the ability to try out new features before we try them on the bitcoin mainnet.
Vortex, given the risk of online wallets getting hacked, how do you suggest we on-ramp from fiat to crypto?
I suggest you buy from localbitcoins and store them in a hardware wallet. You could also buy from coinbase and then move coins to a hardware wallet.
Thanks, Vortex. I’ve heard Electrum is good for Bitcoin. Do you have recommendations for hardware wallets for other cryptocurrencies, ex. Ripple, Ethereum, Litecoin?
Trezor, keepkey and ledger are all good hardware wallets, you’ll have to do the research on which is best for you.
Please concider sending this show every sunday.
Great episode. I wish I knew as much as DeSantis. One small correction: CDMA = Code Division Multiple Access not Channel Division.