The digital currency Bitсoin, once a toy for computer nerds, is now soaring in price, triggering a new gold rush. Is it just another bubble, or a glimpse into a radically different financial future? We ask Rick Falkvinge, CEO of BitCoin Cash and founder of the Swedish Pirate Party.
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This woman is a dummy. Banks have stollen trillions. THey have destroyed countries. Their existence becasue the central bank creates money has been inflation . A house that should cost 15000 cost 300,000 due to banks. 90 percent of USD is digitized. This dumb woman hears narco and has no clue that banks make money of narco. What an ignorrant dolt this sophie is
fine.... you take all the bitcoins and I will take all the silver, gold, farmland and rental properties...
Money must relate to confidence.... bitcoin is a dogfart which comes fast and will likely leave fast... it is still spoken in terms of dollars, pounds etc.
Saying bitcoin or facsimile will replace the central bank and money is inevitable..... but then saying which one is a gamble?
Sorry I am not willing to place my life savings in a currency that is changing from the newest flavour of the day and is a "gamble".
bitcoin is a dog fart. I have no confidence in this.
5:00 The same way I see it. The future is bright with crypto. There will be bands of light that teleportation waves travel across: sorry, it's won't be like Star Trek. Bitcoin will run the teleportation network, which will basically be everyone's basic mode of transportation. A drastic change in average standard of living will proliferate.
she did not mention many parts of Russia are poor and don't have internet, she did not mention many parts of Eastern Europe is poor and don"t have internet, but, racist always use Africa as a punching bag, but why don't you start off in your own backyard.
idiot...banks control of paper currency now but there rule... and it's say :they need excuse to doing something they can't do what they want "when they want" ........but with this international Bank Called cryptocurrency they won't need government or agree for their trade because they do trade by billions Dollars ....they will be potential to monopoly more the market Than any Market Have Been in this world ......Be aware They want fraud you...them who made bitcoin in first place
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You will need to kill the internet to the entire planet to destroy Bitcoin, because of it’s decentralised and permissionless nature.
So, that’s not the top concern.
Also, in an internet outage, modern banking will also be severely hindered at best.
You are missing the point entirely. The reason why Rick Falkvinge titled himself as the CEO of Bitcoin Cash is to demonstrate the principle of permissionlessness. The entire point is that no one has ever granted anyone permission to anyone to be a CEO of something that doesn’t exist as a company. That he just choose to take the initiative and make the declaration.
A government backed crypto currency may be the way to go. However, the interviewee is right printing money to pay off debt is NOT the right thing to do.
Creating CRYPTO money to pay for WORK done, like replacing America's crumbly infrastructure is the way to go.
When we borrow money from a bank that money is created OUT of thin air, the thing that gives that fiction it's value from the bank point of view is the borrowers PROMISE to repay the loan, but the thing that gives this money it's true value is the borrowers implied promise to go to work an make build something, that is do so WORK.
By creating money to pay for much needed work, a government could introduce CRYPTO into an economy, it would then be DEBT free money.
Because the work has already been done, then it would NOT be owed to the banking system. That is the world could be DEBT FREE.
TROLLS NEED NOT COMMENT
Except crypto currency can't be taxed and tax is the cost of civilisation. Sorry but this is a total fail for those that don't understand how the real world works and how to maximise our potential. Also - It's not just about you or me but us and although I may hate aspects of you I have to respect the parts that make a civilisation.
Bitcoin is shitcoin! Lofl, wow, I can’t believe how many completely brainless people there are out there. It’s actually fukin scary that this many people can be scammed into buying this crypto shit. Wait, that just gave me a great idea. So many dummies, and LOTS of scams to be made. Buy more crypto, hurry!
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BlockChain technology will be revolution in the coming year, people say there are many projects are coming , according to PC mag propy and BlopckGrain are the top projects which are built on the Blockchain technology . lets see how far we can go in this matter. Blockgrain Ico are worth buying or not , kindly help me in the reviewing it.Cargill company is also going to take over this .
Most taxation systems that I'm aware of have a very solid idea of someones overall worth with just a little logical digging.
What home do they live in? What car do they drive? What is their profession? How long have they worked in that profession? What is their education level? ....all of these things paint a financial picture of someone and that information is not anonymous.
Additionally, with the richest individuals their holdings may span multiple markets which also are not anonymous.
So unless these individuals dumped 100% of their liquid assets into Bitcoin, there is still a clear picture available to tax collectors of what someone must pay to the government.
....and we need to remember that information like yearly earnings are reported by law to tax collectors, so in any given year the collectors will know exactly what amount that individual earned from work.
The only caveat to all of that is that money held in or earned by crypto-currency is indeed protected from being counted for the purposes of determining tax debt.
But again, Bitcoin is not the sole investment opportunity on the planet. Far from it, and I don't think those other investments are going anywhere on Bitcoins account.
So, really I think that the impact on national treasuries will be far less than this video made it seem, and until those other markets...those other investments... disappear from the planet I think that the overall impact will be minimal. ....which is not to say that Bitcoin will not bring about some change that affects the traditional system dramatically via other paths. It may.
But I dont see Bitcoin breaking the back of government anytime soon, or even altering the traditional systems flow very much.
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Non-sense.,, been smart enough to get in early doesn’t make you a investor genius.. I bet he as sell all his bitcoin .. And crypto is the futur be sure to see misery time a head . As no bank can print and make us buy a house for exemple .. And bitcoin is fully manipulated with spoofing and wash trade ,, the biggest pump and dump scam
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bitcoin i think is like a fools fantasy. bitcoin technically is not legal tender and has no value behind it other than peoples bids. nor does any crypto currency, which explains why most countries deny it.
Bitcoin trash is a joke alt-coin, really.
They just forked to allow 32 MB blocks when the average block size currently is 0.2 MB.
I really can't believe that anyone is putting cash into it - because even fiat has a brighter future than this ridiculous alt-coin.
The reason why the Bitcoin Cash blocksize is so high is to allow for future growth and scalability instead of waiting for the network to congest. When the 1MB blocksize was originally set as an anti-DOS mechanism by Satoshi Nakamoto (with the intention of raising the blocksize in the future), the sizes of the blocks were about a hundredth of the 1MB limit. The fact that the block size limit in Bitcoin Cash is much larger than the size of the actual blocks is not a weakness, but a strength.
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anyone who can say teleportation with a straight face... you get a pass, please dont dissapear me. i'm being sarcastic but think of what he has to know just to say that out loud.... (i don't think we'll ever get to teleportation because all the corny paradox's from everything from Back to the Future to Family Guy).
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It is actually immpossible to delete, that's the whole point.
Your bank account, which doesn't sound easy to delete, actually is just numbers on a single centralized server, which can physically be deleted very easily.
I've used cryptocurrency for 5 years investing and paying for things online,
and never lost a penny. Here is my wallet with 300$
Please try to delete it. Not you, any hacker or government could ever do that.
I must say I feel a 'little bit' sad that 2009, I heard first time of Bitcoin, and was seriously going to buy them with just 1000 euro. Unfortunately I forgot it, so I din't bought. If I was, I would have today in Bitcoins more than 1 BILLION euro !! It just happen, so I started later to invest in few different cryptocurrencies, and I'm really happy I did :)
This "host" should visit Africa before making future insane comments about a WHOLE continent! "Half" of Africa? But there ARE people that believe that ALL of russia stays drunk on vodka as their communist system keep them locked down in their CORRUPT political system.....hmmm
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.