Bitcoin Is Now Recognised As An Asset Class - Trace Mayer Interview
Trace Mayer joins us as Bitcoin cements its place in financial history, we look at the future of Bitcoin and the growing Blockchain sector.
We also discuss the present solutions for high transaction fees and which Governments are embracing cryptocurrencies.
TOPICS IN THIS INTERVIEW:
04:15 Bitcoin Futures markets attracting institutional money
07:55 Bitcoin is now recognised as an asset class
10:55 Is Bitcoin being used as a cash system?
17:15 The Bitcoin hard forks – what is the difference?
19:55 Governments embracing cryptocurrencies
23:15 High transaction fee solutions
25:35 How immutable is the Blockchain
27:55 Where to find out more from Trace
Get more from Trace at Bitcoin.kn
Get access to exclusive investing idea utilizing blockchain technology at: FutureMoneyTrends.com/blockchain
Original Release on YouTube & FutureMoneyTrends.com 2017-12-12
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Hopefully Lightning network and segwit will help get those fees down for BTC. Right now they are pretty crazy
Mass adoption is happening way faster than I ever could have imagined! Great post! ;)
I think there is no doubt that the parabolic rise is concerning, but it's hard to argue that the value of the technology hasn't actually risen parabolically with the price. We haven't seen any world changing alterations come from crypto, but we have so many projects that have been announced with huge implications. Maybe the investments are speculative, but they are speculating on potentially disruptive changes to many industries.
They absolutely have no choice than to... The World would soon operate on a cashless base.
It really is insane to see how many people are talking about Cryptos. I remember when it was like Computer Geeks and Libertarian/Anarchist people.
I wonder. They used to say that if a taxidrivers talks about stocks or assets, then get out. But Crypto is I think different these days. At least what we can say is that we live in exciting times!!
Yea, I think its more a technology than a stock. Remember when Facebook was only for College and High School kids.
Btc and cryptos is our future!
Absolutely.
Trace is really the brightest mind in the space. He understand the technical and financial factors as well.
Well, maybe he can explain how my transaction that I submitted yesterday still hasn't been confirmed today can possibly be an acceptable substitute for today's cash system. He comes off a s cheerleader (paid or otherwise).
Trace is intelligent but obviously misinformed or too heavily invested in BTC to be unbiased. The lightning network is a ploy by institutions to centralize bitcoin. Support on-chain scaling and the decentralized currency that Satoshi envisioned, not the corrupted coin that BTC has become.
This video explains the truth:
Haha, I think you are fairly misinformed and I think Trace Mayer has enough wealth through his first investment, don't think he need to shill the market to get richer. Someone else posted this youtube vid about LND in another discussion and this was my answer:
Sorry, but what a bullshit video, it is indeed a Bcash shill video:
1: LN is designed for small payments under 100 USD but mostly way smaller transactions like coffee or something similar or even micro transactions for reading an article or viewing a video (will never be possible with Bcash by the way) , so with a smaller amount you can be a node easily. I think many BTC users will set up a node, because now it is finally possible to earn a passive income on your bitcoins in a very secure way (if for example hardware wallets implement it). Furthermore it will be possible to do it anonymous via TOR, so tell me how they are going to control this........
2: The node who transmit a transaction only knows who is the node before and after him (even don't know if it is the source, destination or somewhere in the middle), so a hub can never know where the payment comes from. If you implement a function that you want to route your payment through a certain minimal amount of nodes (5 for example) a hub that want to do AML or KYC never knows who you are.
3: Every node that will pass your transaction through is forced by rules in the smart contract to do what it needs to do, if it fails the blockchain will handle it. This means a node has no power to do anything else than just forward your transaction.
4: This is all open source, so if a side chain or a service that Blockstream delivers start to look like a monopoly you can simply fork it and launch a new sidechain without the flaw.
5: Running a full node is ALWAYS important to be sure your BTC can't be stolen, onchain and with LN as well. Bitcoin keeps the blocks small so it will remain relatively easy and cheap to run a full node. Bcash is making it more and more expensive to run a full node, so HERE CENTRALIZATION WILL ARISE!
6: A hardfork is a way to FORCE all the users to obey to the new rules (if no consensus this is against the voluntary mindset!), There will be multiple side chains and everyone can use it if they want. If you don't want, use (or create) another sidechain or transact onchain.
It is really sad to see Roger Ver attack Bitcoin with nonsense (already 2 major corrections led by him and his followers) and slow adoption down by spreading FUD and confusion (What is the real bitcoin bullshit question). He is exactly doing what the NWO does (paying people to riot (online in this case), market manipulation, dividing people and brainwashing via his media (bitcoin,com, r/btc).
I like Jeff Berwick his view on the world a lot and he is doing a lot to bring knowledge to the people about freedom. Thats why I am so disappointed about the change in his view about Bitcoin. A few months ago he invited Roger Ver and Trace mayer as well to show both sides of the debate and I respected him a lot because of this.
Bitcoin is so important to bring freedom to the people, so I want to ask: Can you please make sure that Blockstream is compromised and bring real facts to you visitors before you attack Bitcoin?
The last part is off topic, but I just copy / pasted it
Yes ok. But the last part is the more intresting one to me. I am supporting Bitcoin and sold most Bcash after fork because big blocks cant handle 1k or 10k transactions per secound. I just dont like that Bitcoin and Bcash share the same hashalgo, but i got my node and miner ready to mine Bitcoin and support the Bitcoin network. Even if all Minercompanies shoot down i bet Bitcoin survives because of entusiasts like me. About Bcash i dont know but looks like centralised miner.
Trace is one of the smartest people in the Bitcoin space, no doubt about it. I have listened to almost all of his Bitcoin Knowledge podcasts. They are well worth the listen. With that said, I am really starting to believe that he is too bullish on Bitcoin as opposed to other cryptos. Bitcoin transaction fees make it unusable as a currency, and confirmation times are frustrating to everyone who touches it. Despite the 1st mover advantage, If Bitcoin can't fix these issues soon, another crypto will step into 1st place.
Trace- we love you, and truly hope you are more than just the spokes mouth for the core team.
I'm really glad that these interviews take place regularly with great minds like him. If it weren't for these people we wouldn't be able to get essential information in order to build a better world around us through cryptocurrencies. I hope there are many to come like this.
thank you... also will follow your post and upvote them...
Lovely! Thanks for supporting me. It really means a lot to me to have people who appreciate my art.
your welcome
hey hello i been posting info on bit coins i have perchased and their all up.. check out TRX COIN tron... i bought at 3 cents and now is at 7 cents... please check out some of my post and tell me what you think..
Yeah, dude, TRX is going up like crazy. It was a great investment when it started and it's probably a very good investment right now, but you should invest smart and avoid coins that have already grown for a bit. If the pump is over and the trend goes to another coin you may purchase an over-inflated coin that may fall in the future. Stay safe, my dudes and keep it on!
thank you again...
https://freebitco.in/?r=11377153
Thank you for that link. That website is very useful. I hope many more people click it and give you money.
This guy is a Crypto genius, I mean, he is able to analyze these stuff so perfect.
HODL for at least a year! Otherwise, you could pay 40% in the U.S. :(
Thank you for this interesting interview!
You are saying the hard truth.
I guess 🧐
The future of bitcoin definitely good and some steps to be taken to reduce high transaction fees. People now showing more interest this bitcoin futures because it is a new thing futures.
alles klar
Las uns anlegen :-)
Nur was geh!!!!!