It’s sometimes difficult (or for some it’s altogether impossible) to resist the urge to assimilate to a group for what ever the reason may be. It’s something that’s deeply ingrained in our psyche that’s evolved over time to help us survive.
There are certainly pros and cons for this type of watered down mob mentality. So let's get into it:
Hey Heidi, I thought I would give steemit a try after hearing yourself and a few other you tubers mention it a few times. I was wanting to support your Channel for a while now and this looks like a good way. I agree with your concerns with banks and regulators getting involved
I have been in this space for a while but still I often wonder if we are breaking away from the central banks plan or leading the pack into phase two of their plan unknowingly. I’m a big Ethereum supporter but I’m not blind to Jbmorgan among other banks being really quick to jump on the Ethereum alliance as if they have a plan already. I understand Ethereum was never meant to be a currency (even though its doing a decent job of it) Bitcoin seems to be doing better at keeping the hen house door locked, however the fox seems to be circling the outside making it difficult to get in our out. I found it much easier to buy and sell a few years ago before these banks got involved. BMO bank gave a notice that they will not allow funding or withdrawing to or from crypto exchanges now for user protection. yet as you point out, it seems people are excited for this protection.
That kind of minimalist competitive view will become outdated by cryptocurrency.
This is an open source cooperative movement. There will be thousands of coins, none of which can go under because they are supported by an unwavering community. These coins have little overhead. There's no way they can go bankrupt. Some of them already have enough funding to be developed for the next 40 years.
What happens when one of your three coins gets hacked? Catastrophic collapse of the system.
What happens when one of 1000 cryptos gets hacked? Blip on the proverbial radar.
I don't get the point.. if Bitcoin is hacked also Litecoin, Dogecoin and 90% of the other cryptocurrencies are hacked too because "90% of cryptocurrencies are Bitcoin clones".
The point is which coin(s) people will seriously consider "reserve of value"? Because the tech is the most important thing but people wants adoption and stability.. not a new "Bitcoin killer" every year
No, a hack on Bitcoin does not mean that Litecoin gets hacked. The technology is forked enough to keep all coins separated. The mining pools are separated. These two coins don't even use the same hashing algorithm.
There's proof of work, proof of stake, delegated proof of stake, and more to come.
There's Smart contracts and there are blockchains and there are directed acyclic graphs.
There are ERC-20 protocols and SMT and lightning network and casper and plasma and segwit and sharding.
On and on it goes. The technology is accelerating out of control because the technology funds itself and everyone is helping everyone in an open source environment.
You are thinking about this topic in terms of corporate scarcity and this is a space of cooperative abundance.
Bitcoin is not Google, Amazon, Ebay, or Facebook. The big fish doesn't eat the small fish.
Bitcoin is Linux, and there are hundreds of Linux operating systems. None of them compete with each other. That compliment one another. This is the nature of open source collaboration.
The same kind of thing happens for bitcoin too when on one side there is scaling of bitcoin with bitcoin core on one side and the other side big blockers wants increase the size of block on layer2. Its revolutionary basically when we give power to the people to think something positive and initiate. At the end, u have discussed good points in the video.
Hey Heidi, I thought I would give steemit a try after hearing yourself and a few other you tubers mention it a few times. I was wanting to support your Channel for a while now and this looks like a good way. I agree with your concerns with banks and regulators getting involved
I have been in this space for a while but still I often wonder if we are breaking away from the central banks plan or leading the pack into phase two of their plan unknowingly. I’m a big Ethereum supporter but I’m not blind to Jbmorgan among other banks being really quick to jump on the Ethereum alliance as if they have a plan already. I understand Ethereum was never meant to be a currency (even though its doing a decent job of it) Bitcoin seems to be doing better at keeping the hen house door locked, however the fox seems to be circling the outside making it difficult to get in our out. I found it much easier to buy and sell a few years ago before these banks got involved. BMO bank gave a notice that they will not allow funding or withdrawing to or from crypto exchanges now for user protection. yet as you point out, it seems people are excited for this protection.
I am stuck in some deep red small capppers :(
please upvote me i will upvote you back https://steemit.com/mgsc/@vishal845/top-10-most-beautiful-girls-in-the-world-you-will-fall-in-love
You and I both.
I think we need probably 3 cryptocurrencies.. One for privacy, one for microtransactions (fee less), one for smart contracts.
That kind of minimalist competitive view will become outdated by cryptocurrency.
This is an open source cooperative movement. There will be thousands of coins, none of which can go under because they are supported by an unwavering community. These coins have little overhead. There's no way they can go bankrupt. Some of them already have enough funding to be developed for the next 40 years.
What happens when one of your three coins gets hacked? Catastrophic collapse of the system.
What happens when one of 1000 cryptos gets hacked? Blip on the proverbial radar.
Redundancy is 1000% necessary.
I don't get the point.. if Bitcoin is hacked also Litecoin, Dogecoin and 90% of the other cryptocurrencies are hacked too because "90% of cryptocurrencies are Bitcoin clones".
The point is which coin(s) people will seriously consider "reserve of value"? Because the tech is the most important thing but people wants adoption and stability.. not a new "Bitcoin killer" every year
No, a hack on Bitcoin does not mean that Litecoin gets hacked. The technology is forked enough to keep all coins separated. The mining pools are separated. These two coins don't even use the same hashing algorithm.
There's proof of work, proof of stake, delegated proof of stake, and more to come.
There's Smart contracts and there are blockchains and there are directed acyclic graphs.
There are ERC-20 protocols and SMT and lightning network and casper and plasma and segwit and sharding.
On and on it goes. The technology is accelerating out of control because the technology funds itself and everyone is helping everyone in an open source environment.
You are thinking about this topic in terms of corporate scarcity and this is a space of cooperative abundance.
Bitcoin is not Google, Amazon, Ebay, or Facebook. The big fish doesn't eat the small fish.
Bitcoin is Linux, and there are hundreds of Linux operating systems. None of them compete with each other. That compliment one another. This is the nature of open source collaboration.
please upvote me i will upvote you back https://steemit.com/mgsc/@vishal845/top-10-most-beautiful-girls-in-the-world-you-will-fall-in-love
That's defeating the entire objective of decentralisation!
Great video, I like the setting and the best video of you that I have seen till this day.
For now EOS are my tribe, thats where I am invested now.
There are no sides.
Competition is being wrongfully projected onto The Blockchain.
NO SABEMOS A DONDE NOS DEPARARA LA CODICIA DE LAS INSTITUCIONES
The same kind of thing happens for bitcoin too when on one side there is scaling of bitcoin with bitcoin core on one side and the other side big blockers wants increase the size of block on layer2. Its revolutionary basically when we give power to the people to think something positive and initiate. At the end, u have discussed good points in the video.
Totalally agree
I know bitcoin maximalist who say everything beside btc is scam, and the fail to deliver Proper Service (lightning)
please upvote me i will upvote you back https://steemit.com/mgsc/@vishal845/top-10-most-beautiful-girls-in-the-world-you-will-fall-in-love
Will you attend steemfest this Year? (krakow Gas no brach though)
I hold a lot of bitcoin but see the advanatges of others, please follow me and read my work