Hi Crypto Mates, today’s tough topic is: Is there a future for bitcoin BTC? What’s the future for SegWit2x, Bitcoin Cash, Bitcoin Gold and Bitcoin B2X? Follow me on twitter @brad_laurie.
For any YouTuber, this is a tough thing to even talk about because so many are emotionally connected to a particular side of this debate. I hope that I can help with some information about the Bitcoin family as it has evolved since 2009 into the many coins that it now represents. It’s blockchainBrad doing research once again.
Links:
1. Bitcoin | A case study and opinion piece on its past, present, and potential future
2. https://motherboard.vice.com/en_us/article/ae3p7e/bitcoin-is-unsustainable
3.
http://www.abc.net.au/news/2015-10-06/quiggin-bitcoins-are-a-waste-of-energy/6827940
4.
https://www.digitaltrends.com/computing/bitcoin-ethereum-mining-use-significant-electrical-power/
5.
https://cointelegraph.com/news/bitcoin-mining-wastes-vast-amounts-of-energy-harms-environment
6.
7.
https://cointelegraph.com/news/how-blockchain-is-taking-over-business-systems
8.
https://cointelegraph.com/news/how-blockchain-is-taking-over-business-systems
9.
https://cointelegraph.com/news/with-btcchina-ready-to-stop-withdrawals-china-bitcoin-gates-are-closing
10.
11.
Silbert’s Digital Currency Group Announces Major Fundraise from MasterCard, CIBC, and Others
12.
2x or NO2X: Why Some Want to Hard Fork Bitcoin — and Why Others Do Not
13.
I'm revisiting your videos.
Still blown away by your analysis.
I have been heavy into bitcoin cash lately.
Exciting times.
Who clicked here because they thought they saw Ron Jeremy in the Thumbnail? I did lmao. Good stuff Brad!
so, should i hold BTC after B2X??? should i buy BCH for now or BCH is a fraud and will be dumped. So confused
Very interesting video Brad. Certainly uncharted territory were heading towards. I for one will be happy when all of this forking drama is behind us and we can move forward in the Crypto space relatively unhindered.
game theory at its finest
last one in loses no matter how rich you are now
This is some excellent research.
Thank you so much.
Pro BCash politicians are doing good face to a bad game. It's all about mining profitability and have nothing to do with ideals about pureness of Bitcoin. If they cared so much about it: Segwit -> Lightning Network -> Atomic Swaps -> future inovations. BCash only gives 30% incentives to ASIC miners. All the rest is just empty talk of mining companies.
Sub'd
I'm also a Bitcoin agnostic…. Great term.
You need to listen to Richard Heart, trust me. 1 youtube search and you will learn even more about bitcoin. Please vote this up.
Nice video, what are your thoughts on EVEREX
A great and argumented view on the future of BTC. 50 minutes well spent!
Great analysis. Thanks so much.
Brad, amazing job. I would be very interested in your thoughts on IOTA. This 3rd generation block chain (tangle) is going to be my pick.
Why can't they make the block size dynamic and pay nodes for storing the blockchain history :/
BITCOIN CASH IS THE REAL BITCOIN.
Wow mate well done on sourcing all this info.
Some points here are real eye opening and I was thinking Aussie politics is a shit fight…
Keep up the awesome work Brad.
Great Videos from yourself and Beau on the Bitcoin Beast 😀
Hi Brad, another interesting and well considered video as always. I find myself agreeing with the points made about BCH in terms of scalability and cost etc. These are of course technological arguments.
It is worth considering however that the increased transaction fees arose when the block size debate was ongoing due to spamming of the network with multiple small transactions by miners on the 8mb block size side of the debate. When bch forked these transactions ceased and transaction fees dropped. I feel that the block size debate was ultimately a way of miners gaining greater control of bitcoin. B2X seems a power grab by business. Notwithstanding this, scalability is and will be an issue for btc.
The number one value proposition of btc is its decentralised nature, that no one entity can control it. This is what will see its adoption globally, and ultimately what will allow countries to endorse it(not after a major fight of course, long road ahead). BCH & B2X are centralised entities with big power brokers at their core. What country in its right mind could allow such currencies play a central role in their economies. This would make people like Jihan Wu & Roger core global powers in their own right!
So whilst I respect the technological arguments behind the forks, I see them as secondary to the philosophical and political considerations behind btc maintaining decentralisation at its core. All the technological adaptations can (and will I feel) occur, but through consensus and at the right time. Lose decentralisation and we lose the whole reason why btc is relevant at all.
F** YOU FOR SUPPORTING BCH!!! Jk…. Nice video. Saying the word BCH attracts so many haters lol.
Brad excluding BTC & ETH, cheers mate.
Mate, you look refreshed, I am looking forward to your daily video's this week, perhaps your TOP 5 Cryptocurrencies/Tokens that you believe will succeed and appreciate in value to invest in, thank you.
That is what i call a professional youtuber! keep it real and thx very much