Why Blockchain Matters More Than You Think! 

The hopeful long-term plan for many blockchain companies are things like this

We should use blockchain to end govt.

@@Parcian- Amen

Fuckin A. I was gonna comment this. Right when I was explained what blockchain was, I thought immediately about taxes.

@@quaveglass taxation is theft, so blockchain should be used to avoid them =)

Great TLDR;

You are on the right way 😉

Hello, ! I have an interesting offer which can interest you, write me PM if you are interested please

also lets us seriously vote for the things that matter

No more hiding behind a monitor , blockchain knows who you are.

You dont want that because it would cause inflation

@@omit4727 You missed the joke

You’re an asshole

@@omit4727 correct he's referring to inflation for fiat currency and copying for sensitive documents etc...

If everyone did send some money to someone else without any costs involved; the whole idea of money would be meaningless.

Agree .. the “oracles” make me suspicious

@Charles Thompson @dindinho22 @coldfusion I hate to disagree with a PhD but this technology is new so there is a lot of wires that can get crossed. But oracles are essentially reference points for the blockchain. A really cool way to use them is through smart contracts. They DON'T make changes to the blockchain. Please check out this article from Æternity that explains oracles. blog.aeternity.com/blockchain-oracles-657f134ffbc0

WiW LaRue LoL that is not how bitcoin works and you could pay them or torture them and they couldn’t break it at a single location .. it would take all locations at once, each with a cryptographic code that has 2^256 bit encryption (impossible to crack even one with current technology, much less thousands of systems with different codes at once) ..

My thoughts exactly! This will betray the "trust built into the system" that he bragged about.

Look into ChainLink: decentralized oracles, the most important project in the space.

@herblore7 In my opinion, the real invention is the consensus mechanism! All the rest we had before.

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Use to love that show with the New Zealand accents.

Fausto Caldini There is no spoon....

Fausto Caldini There is only the SPORK!!

Fausto Caldini Mr. Andeeeerrrssoooonn...

Fausto Caldini SPOOOOON!!!

There's no spoon.... just a nucleus and electrons. That one atom has us convinced there's trillions upon trillions additional atoms everywhere around us making reality, but in the end, it was always just that one atom being sneaky. Entanglements and super positions.. they say. My butt!

Ethan Davis lol, ya your right coldfusion Always makes Awesome videos

Ron Burgandy Scotchy scotchy scotch!

@@MichaelWaisJr Baxter get my slippers! 🐾🐾🐾🐶

But are these altcoins like Ethereum decentralized?

@@orvvro Eth is Decentralized absolutely. Not as much as BTC but it's probably the 2nd or 3rd most Decentralized out there so it would be extremely hard to corrupt unless it's a CENTRALISED blockchain built on-top of eth. For example many ERC-20 tokens are no longer on-top of Etherium because it let's them centralise and do whatever they like without having to get a group (the users) to agree to any changes.

I hope this video compels you to learn more about the future of the internet, and the world!

I can't find any source for oracles as something that can "make edits on the blockchain," which is, so far as I know, impossible and the whole point of a blockchain. They seem to be just ways of getting information to the smart-contracts.

Black Girl Magic u r beautiful af ♡

The Under Network - Main Na.. I live in Dubai

Or as a secondary plan pay your taxes?

I already did in july what a time to be alive

Wich ones.....there are too many. Bitcoin is expensive af....( ETH too volatile)... (Litecoin, yield to low). I am still confident that crypto will be the future but still.....if you have any tips

get in while its low, and hold on lol

nah, that made way more sense.

Hello, ! I have an interesting offer which can interest you, write me PM if you are interested please

Yup they will instituted deflation and take all money..they will crash all markets and destroy the real estate market..

Why won't people continue to put money into a bank account for guaranteed interest while the bank loans it out for a higher rate?

I want to live to the time that US dollars created by JPM is worthless and each country creates it's own economical power in exchanging goods with America and leave America devastated. It will take time but it will happen.

@@albirtarsha5370 Loans don't happen like that. You are fooled.

@@samlsd9711 If loans don't happen like that then why do banks offer CDs?

Some do predict something along those lines. Automation, cheaper power production (look up the price of solar over time - looks like Moore's law), etc. can create a world of abundance in some sense. But currently we are still not very efficient consumers. Literally products are not made to last aka planned obsolescence.

Is it decentralized? if not, it has not much to do with the technology in the video.(but is probably the better application of the blockchain philosophy.) Also I would really wait with investing into BC.

hi

georgemitchel23 Monero. And Ethereum will have it soon.

georgemitchel23 Privacy is actually not an issue at all.

wouldn't I be able to stalk people using the public leger?

to see what transactions they made

Each record is public but doesn't mean it's not private. Your "user id" or whatever identified you are still unknown to almost everyone because it's encrypted to the ledger. You can see it but instead of like mark as the user it'll be something like 24chaeldosxntlwlado2esf45f so unless you can find the algorithm to decode it, it'll be hard to figure it out

Can always buy more of that stuff after you become a millionaire from buying crypto before it gets huge.

If there is any world wars, Emp attacks, or pole shifts, buddy.. owning crypto is the last fckin thing you should be worried about. Also if there are any world wars, whoever wins, crypto will be strong because it’s unbiased of a country

Blockchain is just a name mate. Peer to peer Decentralised blockchain is what we’re talking about

@@missionpupa thats a good point

tony michael By this comment I assume Honda is as big as how Coldfusion made Samsung sound like. Right?

How about a video on who is entering the technological rust belt, I heard Peter Teal talking about it on an old video

John Lelouch I'm sure there would still be a "CEO" to look over the choices the ai makes

someone has to make/own the AI

Most time having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status

@@jacobgary1643 That's true sir. Most people today have been having a lot of failures in forex and crypto sector because of poor orientation and bad experts

You don't make money on forex or crypto by holding your coins rather you trade to make gains

@@garyhelen9155 absolutely right ma'am

Forex trade made me whom I am today financially without any stress and complications

Ivan Reyes He's just relaying information. Go read a book for God's sake

CHIIIIIIIIIIIIIIIIIIIIIIINAAAAAAAAAAAAAAAAAAAAAAAAAAA

Banks'll be around. But as cherry-picked payment signaturees and brokers for loans, as they'd function

U're lacking knowledge about how the Bitcoin protocol actually works. And, yes, Bitcoin is weakly pseudonymous. Use anonymous open blockchains (already exist), mixing services and crosschain transfers to disassociate funds with your identity if u're feel followed

I don't understand what you're getting at, Deckard. First of all, cryptocurrency forensics is not 'easy' like you say it is. It's incredibly costly and difficult unless someone uses the same address or sets of addresses for all their transactions. Since most people use a new address every transaction, tracking one address is pretty much useless. Even if you can figure out a way to guess a set of addresses that belongs to one person, you'd also have to figure out who is on the other side of the transaction. It's like if phone numbers changed after every call, and you figured out a set of numbers that all belonged to one guy, you'd still have no idea who they're calling. Basically, the only way to know for certain that a set of addresses all belongs to you is to get data stored on your computer, which is what happened to Ross Ulbricht, the guy who ran the Silk Road. Your story sounds like typical unfounded conspiracy theory to me. I'm going to take this with a huge grain of salt unless you have some sort of evidence to back that claim up. Also, I can't imagine a possible way in which Bitcoin could be un-decentralized just like that. Even if that did happen, that'd be the day everybody took their money out of Bitcoin and into any of the other hundreds of crypto-currencies on the market right now.

Talking in all caps doesn't make you more right, chill out. You're sounding like a Flat Earther right now. No, addresses are not "software" in the traditional sense, if that's what you're talking about. They're a string of up to 35 numbers and letters. For example, 19aVsXegUuPT5b2imrQ77XFsomLRziZ6Q5. I just made that using the website "bitaddress.org". You can actually create a bitcoin address completely offline. What you then use is a private key, generated at the same time, to authorize transactions with it. A private key is usually a 256-bit number, so they'd be incredibly hard to crack by brute force. As far as I know, there's nothing involved in the process of generating an address that contains any amount of personal information on your part. You could even do something like program a raspberry pi that's never been hooked up to the internet to generate them, transfer them to a .txt file, and then transfer them by thumbdrive, if you're particularly paranoid about your personal identity somehow being contained in your address. Kinda hard to track something that's never been online before. Also, since creating a new address is so easy, most people do it every transaction. As for bitcoin transactions, if you're talking about that... If someone sends you Bitcoin, you can't just look at the "from" portion of the transaction and see who it's from, because that's not part of the transaction. That's because it doesn't exist. Essentially, bitcoin is a system of receiving money, but not sending it. This also adds to the difficulty of tracking transactions. It's not impossible, but certainly not easy. As for the flat file... I mean, yeah, I'm sure that's already been done, too. However, that wouldn't actually give you any amount of control over anything. That'd just mean you'd be able to look through the transactions that have been made in Bitcoin. This information is already pretty much publically available, transferring it to a database doesn't really mean much. Essentially, you couldn't force the entire blockchain onto one computer, but copying the information on it to a database is possible. I can't help but feel you also overestimate the utility of cash. For one thing, being a fiat currency controlled by the government raises a few issues. Another thing is that while it's easy to go to your buddy and buy 50 bucks of "oregano" from him at the corner, the problem becomes exponentially more difficult when you want to buy five million in "powdered sugar" from your buddy at the dock. Now you're lugging around a big briefcase of cash, which anybody could grab and snag at any moment. No hacking necessary! Most transactions of that size will have middle-men, who will likely want a cut of the profits, too. Then there's the issue of how do you get that much cash in the first place if you didn't already have it. Do you withdraw it from a bank? Maybe you had to launder it, which is a whole 'nother complicated proccess? What if your buddy is in China? Well then you'll have to figure out how to transfer it overseas to him, likely smuggling it through customs of some sort. Now you've added logistics into your expenses as well. Not only that, but it is going to have to convert it to Renminbi now somewhere along the way, which is ALSO an added fee. There are certainly situations where cash will always be better, but cryptocurrencies fill in the gaps. Honestly, I think Bitcoin is the prototype. If it's ever mass adopted, it won't be Bitcoin, or at least not it in its current form. So if it was a plot to get us to all go cashless, I would consider it a failure.

You should never use a crypto that uses oracles. Any developers that think of using it are crazy.

They don't know if you own the house, they'll know what key owns it. And who holds the key is the secret.

encryption

If you become invisible in everything you do,how can anybody trust you at all ?

Believe me , it's all part of the plan!

Investing in stocks and crypto is a good idea, a good trading system would put you through many days of success.

It is possible to produce superior performance provided you do something different from the majority. However most of us tend to pay more attention to the shiniest position in the market to the cost of proper diversification.

Having monitored my portfolio performance which has made a jaw dropping $370k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market.

@@wilsonbrown8993 Interesting, I have a lump sum doing absolutely nothing at all in my bank account, I wanna get something started with it. You seem to be doing excellent for yourself, how do you achieve this?

@@anthonysam9391 Exactly, the trick is to diversify your investment, don't panic when everyone else is and invest consistently.

I don't see how ColdFusion hasn't already done a vid on LFTR technology. More people need to know about it.

dank bleach considering its fake it's useless

Yulian Baskoro good work Norway running a paper mill on A HOAX ------- buy solar :-)

Yulian and Grey . The ability to use Th in reactors has been theoretically known since the 30's and practically demonstrated in the 60's. It's a thing and anyone who says it isn't can join their delusional buddies on a flat friggin' earth.

Chris K people dont know about it much by the way you just googled that

TheWioreks Just gotta keep up

TheWioreks Unfortunately there will be some centralization in regards to storage as people look for places to store their blockchains, you are correct :( but decentralized storage solutions, such as storj.io, are also changing the game in that regard!

I believe there's something called pruning for the blockchain. I'm not sure how the algorithms work or if they're even successful.

TheWioreks it's not necessary to store the data just indexing the data. Like an old fashioned library.

Just send server into space

True. Cryptocurrencies are the future.

I think an early version of that future is already here....credit cards, debit cards, electronic banking and now cryptocurrencies.

I see this having a positive impact on me. But my gut feelings are visualizing a dystopian future which we're not ready for.

I caught that too!

Victor T Bitcoin is not the only cryptocurrency in existence... Look at iota, the plasma network, lightning network... They've solved that "problem," not that cryptos were slow compared to banks in the first place.

Victor T Also, no transaction is more complicated than another. Congestion is a factor when it comes to payment processing.

I'm not sure what point you're trying to make here. Of course blockchains with adaptable block sizes like Monero, Ether and Dash tps is less of an issue. My comment here is directed towards incorrect information in the video where he states bitcoin's tps is 10.

Victor T, the 7 tsp is pre-SEGWIT. We're is a transition to SEGWIT so the tsp will be higher.

With segwit it wont be a problme

Now it is a couple thousand dollars. Lol

Alex Stomberg dammit! I shouldve mined BT 5 years ago..

Kitta12320 lol same

Kitta12320 The best time to get into cryptocurrencies was xx time ago....the second best time is now. Maybe not for BTC mining though lol, but keep that in mind for other currencies or just for investing :)

I wanted to back in 2011 when I first heard of it, but I had no money. The concept of investing in anything other than food and shelter was what made me lol.

Emmanuel Onwuka If you find it scary, you don't know enough about it.

It is basically another scam of the highest order.

It's basically the most interesting thing to happen in the last 20 years.