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Bitcoin has NO Purpose? Bitcoin Cash

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Steve Eisman who became famous after Big Short comments that Bitcoin has no purpose, Bitcoin Cash has upgraded, Coinbase offers tools for institutional investors. https://toshitimes.com/bitcoin-has-no-purpose-says-steve-eisman-the-wallstreet-veteran/ https://news.bitcoin.com/bitcoin-cash-upgrade-milestone-complete-32mb-and-new-features/ https://www.ccn.com/welcome-to-big-money-coinbase-rolls-out-sophisticated-suite-for-large-institutional-investors/ Good Morning Crypto! Thanks for watching guys 💝 JOIN VIP Facebook Group: https://www.facebook.com/groups/154642935214122/?source=create_flow DLive (decentralized streaming): https://dlive.io/@ivanli Twitch: https://www.twitch.tv/ivanontech 🎓 LEARN SMART CONTRACT PROGRAMMING http://coding.ivanontech.com 🎓 Join my online academy https://academy.ivanontech.com HIRE TOP 3% BLOCKCHAIN EXPERTS: https://www.stockholmblockchain.com/staffing-1 👬 Join the crypto discussion forum - https://forum.toshitimes.com 📣 Join Telegram channel https://t.me/joinchat/AAAAAE2xJE4l8xhC8MU4cg 🎤 If you would like me to speak at your conference, book me here: https://ivanontech.com 📚 Get my free e-book on Bitcoin and Blockchain - http://eepurl.com/c0hyc9 you will receive the book in your inbox once you sign up 👫👭👬Social: LinkedIn: http://linkedin.com/in/ivanliljeqvist/ Instagram: http://instagram.com/ivanontech/ Steemit: https://steemit.com/@ivanli Facebook: http://facebook.com/ivanontech/ Exclusive email list: http://eepurl.com/c0hyc9 🤑 Buy cryptocurrencies: https://www.coinbase.com/join/529bab0ab08ded7080000019 💰 Secure your Crypto with Hardware Wallets: Ledger: https://www.ledgerwallet.com/r/4607 Trezor: https://trezor.io/?a=rvj3rqtje3ph DISCLAIMER: This is NOT financial advice. This is just my opinions. I am not responsible for any investment decisions that you choose to make. Ivan on Tech is all about cryptocurrencies and the technology behind Bitcoin, Ethereum, Litecoin, Ripple, IOTA. We also cover Bitcoin price, altcoin price, investing, analytics, different altcoins. Ivan on Tech by Ivan Liljeqvist
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Text Comments (164)
Ute Ute (1 month ago)
Bch is bitcoin. Btc is a weird science project ☹
Online money teach (2 months ago)
Michael (2 months ago)
people complain about btc fees. I think those people have never actually used it. When I recently transferred $500 worth of btc from my exchange to my cold wallet the network fee was 6 cents worth of bitcoin. If this is too much for you I don't want to hear about it :-)
LDBronx (2 months ago)
LOL. 80 bytes? It's amazing what holds over from punch cards.
Quick Coin (2 months ago)
great move by bcash. And Bcash is much better than BTC
Jan-Martin Ulvåg (2 months ago)
Dont talk aout Hitler. You have no clue
Anthony Bertolino (2 months ago)
Ivan, what is your opinion on running a full node vs light wallet? We see the BTC fans supporting running a full node but at this point, it means you are not able to have sign the transaction with a hardware wallet / secure wallet. To me, that seems more dangerous (exposing keys to air, as an unexperienced user) than using a light wallet. I hope to hear back.
Anthony Bertolino (2 months ago)
Ivan, in addition, what is your opinion on these up-codes? I have been doing more research on the block size debate and it seems that BCH could have success over the mid term, and long term could always adopt second layer solutions if need be. Hard to see through the muck on both sides. cheers
RSky Car (2 months ago)
Hi, Ivan! As the 3D artist I have a couple questions: Could you tell me, can I add images(pictures) in blockchain to make it unique for copyright purpose? If yes, do I need convert images(pictures)to some special format to integrate it to blockchain? What about video and animation fragments, for example, is it possible to store it in blockchain as well or size of a block doesn't allow to do that at the moment? So, basically what I'm interested right now, how to store value and make the digital art (3D object or painting) unique using blockchain technology and what platform(Bitcoin, Ethereum, etc.) more fit of this purpose? It would be great if you help me clarify this particular area of blockchain tech or just point to the direction where I can learn about it.
Sheldon Stewart (2 months ago)
Get a pen at the very least. It's painful to watch you try and spell with the mouse. No smooth
zSEVENz WolfPack (2 months ago)
Thanks for all your videos every day. I learn so much from you. 😎
Alex Tamayo (2 months ago)
Roger Ver says it's not a fork! Not a fork....not a fork... not a fork!!! Lol
Aaron Jupp (2 months ago)
I say bitchcash, Steve needs to listen to Ivan!
Aaron Jupp (2 months ago)
kokying ZHAO (2 months ago)
Thanks for the episode. As long as I see , the developers in the bitcoin cash community is full of inspiration and hard work. Many dapps releasing lately. I like them.
Martin Shkreli (2 months ago)
Bitcoin/Crypto is the biggest scam. Invest in Stocks or Forex. Crypto is Gambling not Trading........'
Mario T (2 months ago)
If bitcoin was around 10 years ago I’d probably still be living in the country I was born in, my mother had a saving account with 3 million dollars (1.75 = 1US dollar) the dollar devalued due to inflation and it was $200 = 1 US dollar and all she had left was now equivalent to $15 000
Arthur Pug (2 months ago)
more Github code contribution analysis and less of this silly shitcoin coverage please Ivan
Pablo Pan (2 months ago)
BTC is king! BCH is the prince!
matu ap (2 months ago)
BCH is the real deal i got in to 5 years ago. BTC has been taken over by corporate interests!!!
Ben Pressentin (2 months ago)
Ivan, I heard about agent centric, proof of service and DHT from holochain not long ago. Can you give the community an insight about it? Im interessted to hear your opinion on it
First blood (2 months ago)
bcash suck/ bcash suck/ bcash suck/ bcash suck/ bcash suck/ bcash suck/ bcash suck/ bcash suck/ bcash suck/ bcash suck/ bcash suck/ bcash suck/ bcash suck/ bcash suck/ bcash suck/ bcash suck/ bcash suck/ bcash suck/ bcash suck/ bcash suck/ bcash suck/ bcash suck/ bcash suck/ bcash suck/ bcash suck/ bcash suck/ bcash suck/ bcash suck/ bcash suck/ bcash suck/
Josko Sestan (2 months ago)
BCH is the real Bitcoin!
ruff2play (2 months ago)
So why does Steve Eisman say that Bitcoin has no purpose? He admits he doesn't understand it and has no interest in bitcoin or cryptocurrencies. Is this an example of FUD?
Luke Murray (2 months ago)
Thanks for your energy and content Ivan :)
Aaaand i smashed the like!;)
SugarZeus (2 months ago)
Thanks Ivan I just smashed the like
Nviaz (2 months ago)
Bitcoin for Beginners (2 months ago)
Haha! Yes Eisman should definitely watch more Ivanontech!! lol
okokwon nnenna (2 months ago)
great and informative ideas
Hi Ivan! First of all I would like to thank you for making this blockchain videos, I've really learned a lot from you and am currently considering enrolling in your course. With that being said, I would like to know your opinion about NEM and EOS and what they really are. I've been reading for sometime about blockchain and today is the first time I hear about them while watching one of your videos ("Worth Learning Blockchain Coding? Programmer explains?"). Hope you get this messsage; Keep up the good work!!
JAYPEE (2 months ago)
Could you cover Telcoin in your next review? and possibly hold an interview with the CEO
Jaromir Tesar (2 months ago)
I read an article claiming that Bitmain secretely mined Monere maybe one year before selling the ASIC chips. They could have over 51% hashrate. Bitmain probably does it also with other coins. Maybe also with "ASIC resistend" one. What to you think about this kind of mining centralization?
eric baudendistel (2 months ago)
The US dollar lost 8% of its value in 2017 alone.. So yes, Inflation effects America's economy too...
rbructer (2 months ago)
rbructer (2 months ago)
I have smashed the likes.
Alex Lototzky (2 months ago)
Bitcoin is the original bitcoin. BCH is a fork of bitcoin just like so many others. The only thing that has given it infamy is that it has audaciously tried to steal the bitcoin name. Shame on them (they know who they are). As far as the BCH fork, well all power to them. This is what libertarians believe, that as long as they do no concious damage to others, everyone should have the right to do whatever they like. The market will eventually decide what the future of bitcoin and bcash is. I feel that most camps of loyalty simply depend on the rate of price appreciation, and nothing really about the underlying tech beyond what influence it has on the price. Our grandchildren will hound us to tell them about what it was like when cryptos started. They will not understand a world that did not have them. Just like the internet.
Omar Touzani (2 months ago)
The entire Bitcoin family is scam. Btc is the only coin that keeps forking 24/7 and give birth to unlimited other coins, that fork too!
John Ta (2 months ago)
This is what happens when you don’t watch Ivan on tech.
Delane Horning (2 months ago)
MN ah
Russell DiCello (2 months ago)
With wing nut libertarians like Macafee and RogVer its no wonder crypto keeps going down! Just bury these guys and mass adoption will come about much easier.
Zach Dowlan (2 months ago)
Bitcoin is the save BitCoin cash is the spend
Zach Dowlan (2 months ago)
Storing extra data in a transaction. I can pay for a hamburger and tell them how I want it prepared all in one go
zacharycebu (2 months ago)
Hey Ivan, the entire Bcash segment was too long. Nobody should give that much exposure to a coin that's based on lies, cheats, and scams... oh and criminals.
Marv Ruback (2 months ago)
smashing the likes.
Mark Couvillion (2 months ago)
Ralph Raymond (2 months ago)
Well done Ivan-I like your explanation in 4 points. Your points give cryptocurrencies enormous value ; decentralised ownership is the way forward, even in Western Countries.
Eduardo Curi (2 months ago)
Bitcoin Cash!
Michael Davidson (2 months ago)
Circle partners with Bitmain to launch a USD coin. Would you mind speaking about this?
rosemarie crichton (2 months ago)
Thank you for giving simple explanations for technical processes.
Brenndon Tso (2 months ago)
Ivaaaaaaan Yolo day mahn
Igor (2 months ago)
1 bcash is still 1 scamcoin
Simon DV (2 months ago)
It is bcash
Jorge Ger Lor (2 months ago)
You used to speak less fast and more calmed, I think that way was better, IMHO.
Andrew Matthews (2 months ago)
Thanks Ivan you da man
Robert Coleman (2 months ago)
Look what has happen in Venezuela in the past 20 years. Good show today Ivan.
Joakim Holmer (2 months ago)
IVAN: You touched my nerve here. Big time. VERY short story. I am Swedish. My Swedish ex-wife divorced me (don't blame her even if it was a tough time). She got crazy/greedy which resulted in a 2y lawyer and waste-time (they have a few miles to walk when it comes to divorces down here (AU) where I currently live. The biggest bank in the country BLOCKED my private cash account with my private taxed AUDs funds for 10 months. Family Court -> Bank. I can't in words express how committed I am to a CHANGE to a better financial world. To a FAIR financial world. This is a TRUE story that I can back up with FACTS. So, we don't have to live in Zimbabwe to feel the immediate need for change. With Respect and Appreciation for the word you spread in such a great way. Thank you Ivan & Co. -Joakim
Vantum Noir (2 months ago)
Ivan if we know these people have no clue what they are talking about with cryptocurrencies, why do we keep talking about them? Why can't we just ignore them? Past success is not an indication of future returns.
Aaron Ainslie (2 months ago)
How centralized is Bitcoin Cash (Bcash)? They seem to be able to make changes willy-nilly.
Theseus (2 months ago)
Mario Litano (2 months ago)
I'm not a maximalist. I'm ok with bcash.
jim jones (2 months ago)
Thx for covering the news about the update with BCH. And as far as people saying (bcash) it childish and makes us all look bad to the rest of the world. And the guy from the the big Short will be in crypto a year from now.
The Jazz Monastery (2 months ago)
you're the best Ivan. If you're ever in the midwestern USA, shoot me a message. I would like to meet you in person someday.
The Jazz Monastery (2 months ago)
Anyone who is still "struggling" to understand blockchain must not really understand fiat either.
Jeff Foster (2 months ago)
Bcash hard forks at will. Consensus of one miner, one Dev, and the scammy leaders is not hard to get and means it is extremely centralized. Who puts hard earned money into this garbage?
RuskiArtem (2 months ago)
Steve was not the only person the movie was based on, it’s also based on Kyle Bass who is a much better investor. Steve also recently said the US financial system is A OK.
Ryan Saunders (2 months ago)
Thanks for explaining things some people seem to disagree with. Knawlege is powr!
Hoboking87 (2 months ago)
Lake Sublime (2 months ago)
Bcash is a scam.
Manuel Oliveira (2 months ago)
Theres bitcoin and theres Bcash. Bcash is fine as a coin of its own, its just not Bitcoin
Plamen Yossifov (2 months ago)
Let's not forget that Mr. Eisman in the movie The Big Short did not see the crash coming. Others had to open his eyes on the upcoming event. It all came from Dr. Michael Burry -- the true genius. Based on all that, I believe Mr. Eisman's words on BTC are highly irrelevant and they have no satoshi value.
christophe baum (2 months ago)
I say Bcash....But really I d'ont care.I hold BTC and don't touch Roger's coin.
anonymous (2 months ago)
christophe baum it's not his coin lol
CryptographicCreedBoi :0 (2 months ago)
Ivan, Do you remember when you made Richard Heart cry? I smash likes and give all the hearts to you sir. P.S. No disrespect to Rich Heart I actually like him more than most do.
christophe baum (2 months ago)
Good afternoon crypto!!
CPT IDOL (2 months ago)
Awwwh... The Big Short guy doesn’t understand BitCoin... So short it... BIG Man! See where U end up in history. BTC / Crypto has value and purpose in that it can change the world for the better in almost every aspect of human existence.
Carlos M. (2 months ago)
smash the loike 645,
dajosova (2 months ago)
i'm super ofended when ppl call it BCash... It should be: BTRA$H !!!!! 👀
CPT IDOL (2 months ago)
👍🏼😎 IVAN! 😎👍🏼
ur explanation of how 2/3 of the world don’t know who is going to rule them and may turn them off the system in near term is great
r tg (2 months ago)
$9 billion has flowed back in in last 2 hours
Welterbetag Stralsund (2 months ago)
dactylntrochee (2 months ago)
Re: Mr Eisman and others, I think we might do better to use an analogy. Think of the progress we made in copying technology, from ditto machines (I was born in 1952), to wet process Verifax, to rolls of treated paper, to plain paper, to plain paper with a straight path and, currently, to PDF. The combined money and banking systems work well as intended, like the finest wooden chariots pulled by the best-bred horses. There's really no NEED to change, except for the push of the zeitgeist, which governs EVERYTHING in the life of our species. So, IMHO, this is the way it's going, whether individuals like it or not. Personally, I like the reduction of "moving parts" in the money/banking system. I like the potential for all countries to use crypto -- BTC best for historical reasons -- though each country should probably have its own lightning-style sidechain for national convenience. Having a single basic worldwide currency will reduce the variables in economies, since it's easier to fix a system with fewer moving parts. (Did you ever try to debug a program by changing more than one variable at a time?) It's much easier to understand the relative wages and housing costs in New York, Milan and Nairobi if they're all measured with the same yardstick. Alas, if you're of the mindset that it "takes a village to raise a child" (H. Clinton's quote), then the absence of privacy typical of villages is part of that deal. We in Cryptostan have a dilemma. Most of us like the tight, transparent mechanical operations found in villages AND we relish the privacy accorded us by modern national states. I love watching the micro-details of this game, but the village vs privacy matter has to be understood (and resolved) at the macro level. This isn't financial advice, but it might be cultural or religious advice. Oh, and the LikeButton has been dealt with in the customary fashion.
Joakim Holmer (2 months ago)
Finally!!! CryptoVikings are here. Highlight of my long day. Thanks (TACK in Swedish) guys and keep up the A M A Z I N G work you do and share. You rock this new market and the future is Yellow and Blue ;-) -Joakim, Swedish Viking downunder
Jason Rouse (2 months ago)
Great content as always Ivan. I just signed up to both your courses. I need to expand my non existent knowledge of the tech side of bitcoin and programming. Hope I can cope. Thanks again.
Chaka421 (2 months ago)
Just what I want. A greater attack surface on my digital money.
ERIC JENKINS (2 months ago)
Smashing the "likes" straight outta Texas!!!!
Owe No One (2 months ago)
I like them both, but BTC is King!
nion456789 (2 months ago)
Smashed the like.....:-)
Cornwizard (2 months ago)
Ivan you asked for it: there is the real Bitcon BTC, then there are altcoins, then there are shitcoins, then there are outright scams like about 70% of all ICOs, then there is currently one only cancercoin named Bcash because it claims to be the real Bitcoin BTC while it is just another forever centralized (because bloated) altcoin promoted by bad actors.
Jxb (2 months ago)
can you talk about Rootstock Bitcoin? Think its touring complete and a sidechain of BTC. But what does sidechain actually mean?
nion456789 (2 months ago)
Do a monero and zcash code review.......plz.......:-)
nion456789 (2 months ago)
And do a code review of bitcoin for people to understand the actual thing..........
nion456789 (2 months ago)
Do one code review of bitcoin cash for everyone to understand the actual thing..........
Paul Lee (2 months ago)
I did the smashy thing. Thanks Ivan.
nion456789 (2 months ago)
Smashed the like......
Andu Potorac (2 months ago)
Ivan, you’re not doing it wrong when using the - dictatorship argument. :-) There’s better and less laughable ideas to use. It’s enough to say that the blockchain enables a new wave of digital and offline business models that will improve the current state of things.
Ovidiu Keresztesi (2 months ago)
There are times when you need to say thanks &some times it cane be frustrating trying to think of the right wording so only say thank you it will express your feelings
Kai Chan (2 months ago)
Apparently news yesterday HFT coming to coinbase, more and more bots ...
Amsterdam Holland (2 months ago)
Satoshi Nakamoto can tell which one is the real Bitcoin
Agustin Vasquez (2 months ago)
hey Ivan can you make a video about the programming ottoman you are selling and how to start when you have no experience in this field
Re ne (2 months ago)
""I need to get my knowldege .. or knawledge?? --- what do you guys think??"" In time you may become more confident Ivan and realize it doesn't really matter whether its knowledge or Knawledge. I suggest since you don't have an north american accent, perhaps just stick to knowledge. ;-) Your videos are great, keep it up young lad.

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The miners are interested in finding a nonce which will create a hash with certain characteristics. Lastly, they have to find a random value that they included in the header, which makes the computed hash over that header a value below a particular target. In other words, they do not have to agree to change the protocol. Though there are a few gold diggers attempting to fill their pockets and certain projects that aren`t viable and shouldn`t be encouraged in any way. For users running a complete node, it is a fairly painless procedure to upgrade the software to the newest version. The process of locating a new block to extend the blockchain is known as mining. Proof-of-Work systems utilize cryptographic hashing algorithms to create the action of mining a block a complicated computation. Our software is totally incompatible with altcoins. Changes and modifications to how that it works need to be approved by consensus and every CPU gets a vote. To start with, it`s essential to realize that hardware wallet users control entirely their private keys. Whether you`re bullish or bearish on Bitcoin Gold, you ought not lose your coins as a result of careless mistakes! On the 1 hand, it may result in making a coin that solves all the pending issues. There`s no currency or digital asset named Bitcoin Core. Bitcoin Cash increases the range of transactions that may be processed per block. You could send any quantity of money, any place in the Earth, almost at no cost. You`ve made some great money already on the market, but you want more. For a wealthy individual, BTC`s price premium may be viewed as a plus. For someone without lots of money, BCH`s low price may look like a great deal for Bitcoin. If you have some concerns about the worth of Bitcoin after all forks, you need to be ready for a drop. The distinction is that not all of these suffer the chain split. The primary problem is Bitcoin imposes a hard limit on the magnitude of a block, the location where transaction information becomes stored. The end result is many straightforward wallets, called SPV wallets and very commonly found on your phone, will be quite confused about which chain is Bitcoin. In Bitcoin, the most important reason is known as the network effect.