And what's the edge miners will need in the future now that ASICs are leveling out? It'll be finding cheaper and cheaper electricity, i.e. excess electricity or renewables. You won't find Bitcoins critics headlining that. Thanks again for another great video Andreas.
Thanks Andreas. Very informative and well explained. Bought yesterday the latest 2 volumes of you series The Internet Of Money. Going to study them by the next weeks. Keep going
I have a question for Andreas.. Space X is building a new internet infrastructure in space. If Bitcoins network effect is on the ground whats stopping governments adopting space networks which would be centralized and possibly unable to support a bitcoin infrastructure. Governments world wide could adopt the new space internet infrastructure and make using legacy internet providers illegal.
What if you had resources and currency was no object (Fed Res) to own twice the amount of computing power so that one system keeps working on the network at 51%, and the second system works on reforming the blocks? When it's done, you can switch off and now you have dominance?
Gosh, Andreas must be feeling like a frustrated 1st grade teacher. Every fn year new kids come in with their brilliant ideas about improving the alphabet, and they look so much smarter than the kids last year. And then they learn.
I'm fascinated with monero's randomx. It's hard to describe how seductive the early public Bitcoin clients were. The awe of it. The incredible feeling of power and self-worth. Emanating from a true sense of autonomy, liberty, personal sovereignty and impending justice. Bitcoin had everything I needed. Sitting on my desktop. Accessible to almost everyone. And by extension, making everyone accessible to me. Because commerce is an integral part of human nature. My own personal sovereign economic ecosystem. Based on informed collective self interest and market principles. An economy for everyone. Not just a lucky few. Devoid of special-interest politics and crony capitalism. Aka Usury. Randomx might not be right for Bitcoin. But it seems right for Monero. I would like to see Monero take randomx to the next level. By tuning it's protocol to advantage smartphone ARM CPUs and architecture. Doing so would further decentralize the network. By advancing the Independence and autonomous sovereignty of individual users and owners of Monero..🙂
10:42 "Would it be possible for a government to reverse a transaction they suspect is nefarious" -- it's important to note that even though governments cannot "revert a bitcoin transaction on chain", they **can** do a number of things to make spending particular coins very challenging. Governments recognize that they can control the largest fiat _on-ramps_ and _off-ramps_ (exchanges, etc) fairly effectively. Because the Bitcoin blockchain is transparent, even coins that have been mixed can be tracked to some extent via heuristics. Exchanges like Coinbase regularly track + block transactions and discriminate against coins / accounts associated with CoinJoins -- even if there is no alleged crime. There are other ways to sell Bitcoin outside of regulated exchanges, but it would be extremely challenging for anything but small amounts if the "source of funds" was ambiguous.
James CSW had claimed that a "bonded courier" would deliver Satoshi's private keys on Jan. 1 2020. When that didn't happen, they started losing face and support with BSVers. They've now submitted a confidential document to the Dave Kleiman's court case about the "Tulip Trust", probably another forgery. Either BSVers are happy about that news or they are just pumping it to make BSVers happy. BSV is almost exclusively mined by the billionaire Calvin Ayre. So in theory he can pump the price quite easily as its a quiet illiquid market. So, in short, it is most probably a scam pump.
