Bitcoin’s Biggest Flaw

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Disclaimer: I am not a financial adviser and this is not financial advice.

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41 COMMENTS

  4. This was surprisingly disappointing… Just wait until the next ATHs when nobody can transfer their bitcoin because the network can't handle the activity, the fees will be even worse than last bull run and people will seek an alternative.

  9. vibravid is the most profitable project in 2019 because of some of the benefits that given to users , first increase the revenue of content creator, second responsive and users friendly everyone can use it third its decentralized no one can stop your creativity

  11. Investing in cyptos is good. investing and mining cyptos is the best. I invested my 3.5btc with Max Neil li lung, and i now earn 8.5btc weekly, at first i doubted it, had to google search him up, but when i received my daily payout, i was so shocked and am happy about his sincerity.

  14. Even if there is «a lot of power consumption » in bitcoin, if it’s owned by a few individuals, they decide what happens. Real Decentralisation will win.
    It’s not about the amount of power bitcoin uses it’s about how spread and shared the power consumption is, that is what makes a consensus mechanism secure.
    « Buy bitcoin at 10k! It must be valuable 10k is a lot. Who mines it? Don’t know. Don’t care. »

  22. I'm a huge Nano fanboy for the technology and because since I started using it two years ago I've only had one hiccup using the dev wallet and having to re-ping the network, and that was over a year ago. But as any Nano insider will tell you, right now, if something hapens to Colin, Nano more or less shuts down, which is no bueno. I also don't like that it's 100% deflationary, meaning as more people use it, the price goes higher and the early adopters get rich.

  28. So what you're saying is that nothing can ever take over Bitcoin because Bitcoin is always going to be the oldest? Sounds like an absurd argument to me. Mining is wasteful, but further to that, it's game theory incentives are out of tune. It naturally centralizes due to the inherent benefit of pooling and cheapest power being localized. It also forces synchronicity on a protocol level which becomes a throughput bottleneck by design. And no, cell phone cameras don't beat out most DSLR's…

  30. Your arguments about it being too late for another superior technology to be adopted by the masses now that Bitcoin is so established is ironic seeing as you seem happy and hopeful to believe it's possible for Bitcoin to challenge fiat…

    Im a fan of your channel btw – not a hater – just picking up on a point that stood out to me.

  33. More and more people will gradually go over to NANO. This is not an difficult thing to do. No one likes to pay fee and to wait 30 minuttes for a payment. NANO has no fee – is instant (les than 1 sec). The environmental friendlyness is just ising on the cake for NANO.

  39. "Where there's money to be made, innovation follows". Most profound statement in the entire history of your videos. For the FIRST time, I actually see the possibility of there being a positive solution to the increasing energy wasting problem of Bitcoin mining. You are exactly right. This will indeed push innovation in the area of efficient energy production. It could very well take us to the next level. Excellent video, I must say!

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