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RE: New Video: What's Proof of Work and Proof of Stake?

in #cryptocurrency7 years ago

Glad you're finding it helpful! As for the value of Bitcoin it's hard to tell what is going to happen... in the coming month we're going to see either a) Segwit2X activate or b) UASF activate on August 1st... if the latter occurs then there is a chance large miners such as Bitmain will oppose the user-activated fork and start mining their own hard fork of the blockchain. I cover a lot of this in a previous video:

There's no telling what a fork will do to the price of Bitcoin but my advice is to make sure you get your Bitcoin off centralized exchanges and make sure you hold the private keys in a wallet like Electrum etc. Doing so will mean that you can actually redeem/spend your Bitcoin on both forked chains and mitigate any risk... there's actually a chance you'll double your money if both forked chains survive to some extent and end up getting listed on exchanges.

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