The stakes are high as Bitcoin millionaire Erick Finman thinks Bitcoin is going to $10,000 @BlockRush
Despite the challenges facing Bitcoin and the rise of Bitcoin Cash, Bitcoin millionaire Erik Finman still believes Bitcoin will dominate and trump over its adversaries and competition.
Who is Erik Finman?
Erik Finman is a 18 years old teen who became a millionaire after his investments in Bitcoin which were 403 Bitcoins made him a millionaire.
Erik is a hardcore believer in informal education, disruptive technology and anarchism. Instead of going to collage he has chosen to stay out of school and rather focus on his investments into Bitcoin and other industries.
Erik Finman on cryptocurrencies
Erik Finman's faith in Bitcoin has not been moved by the disruptive event in the Bitcoin industry and believe Bitcoin will soon shot to $10,000.
He does not believe in Ethereum, is skeptical of ICO and thinks Bitcoin Cash is an alt coins.
Image credits: CNBC.com
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STOPCouldn't the official "bitcoin" be considered an alt-coin at this point? It is nothing like the original with the implementation of SegWit. My view is that with the hard fork, we are now in a cryptosphere of all alt-coins. The original Bitcoin is no more...
can you explain how segwit make bitcoin lose its originality? what major changes does segwit bring to bitcoin?
It essentially segregates the transaction from the user signature:
"If you look at a Bitcoin file as AD. A being the address and D being the data, Segwit removes the address portion A, It is reduced to a hash and the original signature is discarded after it is verified. So if your "fingerprint" is the hash of all your signatures, the signatures are discarded after being checked, and only the "fingerprint" is kept. This is in effect what Segwit does.
The signatures are stored on another chain, but not the main chain. Some nodes will keep signatures, some only keep partial records, some will discard them entirely. If you ever need to refer back to the transaction to check on the signatures all you have is the hash. "The fingerprint". Satoshi's original design of bitcoin being an unbroken record of signatures is violated."
That quote is from this blog: http://bitcoinandtheblockchain.blogspot.co.nz/
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STOP