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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Bitcoin's Biggest Flaw
Bitcoin’s Biggest Flaw
If China shuts down its nodes due to political reasons bitcoin network will have to fork with most of mining power residing in China….thats a risk….
Nice background music… do you have a link? Cheers.
#Nanoissuperior
Your videos always make me happy, thank you!
My favourite part of this video is this: 2:55.
BTC's biggest problem is this: BTC = BlocksTreamCoin. Shhh…it's OK.
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.
This "Bitcoin is going to make the world explode" argument is getting so boring… Fuck the haters!
Notorious big said mo money mo problems?….@crypto daily
nice explanation!! 🙂
lol get gud scrub 😀
I have a very important question…what is your favorite hoodie?
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…
let's not forget the amount of power and energy it requires to even make a single note of fiat – Which trumps all of the bitcoin energy consumption pace. Nothing to see here.,
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.
The 1mb block size is it's fucking flaw. Not the Hash algorithm POW which is the most secure. BitcoinSV is the real bitcoin. CSW is Satoshi Nakamoto. Now stop talking about the fake Bitcoin.
What about HDD mining?! why didnt that take off????
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.
Cardano. Science. Peer review
Great production!
Great research!
The world should have at least one good POW blockchain. Everything else can anchor into that, authentications, proof of existence, etc. Not a bad deal.
Cant believe you put the tulip building into your video…
"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!