Thank you kindly for your video. The information is very helpful. Here is a scenario and a few questions for you. Isn't access to cryptocurrency accounts dependent on having Microsoft or another similar system? So...what happens if/when the entire Internet is shut down and completely changed to an entirely different system altogether? Wouldn't that create a very serious problem for cryptocurrency owners? How would we be able to access our accounts? These are real concerns. Thank you!
Bit coin is $13,300 as I watch this right now. When this video was posted it cost $100.11 for one bitcoin. Sure wish I saw this one coming. 10k then would of been a house right now.
+eLeS Dyzer since bitcoin's inception in 2009 it has been pre-determined in the code that at certain blocks (roughly every 4 years) the amount of bitcoins awarded are cut in half. Satoshi wanted to model bitcoin mining after that of a precious metal. So similarly with gold, it becomes deflationary, and theoretically more valuable over time. It is a speculator's world, but as long as buying is constant, price should go up. feel free to message me if you have any questions.
I had a question. Eventually the bitcoin mining will reward nothing for verifying transactions so what will make people devote their computational power towards bitcoin after this happens?
I'm no expert, but here is a paragraph directly from the whitepaper: bitcoin.org/bitcoin.pdf Which you may have already read. "The incentive can also be funded with transaction fees. If the output value of a transaction is less than its input value, the difference is a transaction fee that is added to the incentive value of the block containing the transaction. Once a predetermined number of coins have entered circulation, the incentive can transition entirely to transaction fees and be completely inflation free." Maybe it will move toward more toward a transactional fee? ¯\_(ツ)_/¯ Edit: grammar and spelling
5M wallets is not the really useful figure, you gotta admit that each guy has a public and so possible secret wallet , the guy at silk road had over a hundred accounts for a single user. what does that say .... multi users are in the grey area
People are saying we can't do $100k this cycle. I look at this comment section and realize how utterly stupid they are. The year is 2024, we're at a marketcap of 1.2T with gold sitting at 15.6T. The bond market is still very much alive and well, sitting above $135T. We're still early. I'll check back in once my stubborn parents finally ask me how to acquire some.
What a robot! Are we supposed to be impressed that so much power and compute time, is being devoted to support microtransactions of a mere 1 million people? Give me a break.
Wish I saw this video 2 years ago!!
gankala8 ya no shit huh. Me too
You saw it at the right time
I wish I saw it when you did. And no doubt, in the future, someone will wish they saw it when I did.
@@TheWizest99 +1. I wish I saw it when you guys did :')
I wish the same
Great talk & great cargo pants! Balaji is boss!!
This man put work into his presentation and it shows. Great talk!
I clapped after watching this presentation, well done Balaji
Best presentation I have ever seen on bitcoin .
Yeah me too
Thank you kindly for your video. The information is very helpful. Here is a scenario and a few questions for you. Isn't access to cryptocurrency accounts dependent on having Microsoft or another similar system? So...what happens if/when the entire Internet is shut down and completely changed to an entirely different system altogether? Wouldn't that create a very serious problem for cryptocurrency owners? How would we be able to access our accounts? These are real concerns. Thank you!
Well done Balaji!
cosign.
If less than 1000 people control 50% of the bitcoin market, where does this $1.7 billion in value get traded? what do they invest it in?
Bit coin is $13,300 as I watch this right now.
When this video was posted it cost $100.11 for one bitcoin.
Sure wish I saw this one coming.
10k then would of been a house right now.
January 5th 2021: $33,921
49000$
$682,000
Still homeless?
At 72k now. Go figure
the last point he said is where iota headed
"Bitcoin is to Paypal as Linux is to Windows."
- Balaji
Final answer reference to JINN?
Wish I saw this 5yrs ago
Lol same
Can someone elaborate on why bitcoin mining revenue will be cut in half next year ?
+eLeS Dyzer since bitcoin's inception in 2009 it has been pre-determined in the code that at certain blocks (roughly every 4 years) the amount of bitcoins awarded are cut in half. Satoshi wanted to model bitcoin mining after that of a precious metal. So similarly with gold, it becomes deflationary, and theoretically more valuable over time. It is a speculator's world, but as long as buying is constant, price should go up. feel free to message me if you have any questions.
I had a question. Eventually the bitcoin mining will reward nothing for verifying transactions so what will make people devote their computational power towards bitcoin after this happens?
I'm no expert, but here is a paragraph directly from the whitepaper: bitcoin.org/bitcoin.pdf
Which you may have already read.
"The incentive can also be funded with transaction fees. If the output value of a transaction is
less than its input value, the difference is a transaction fee that is added to the incentive value of
the block containing the transaction. Once a predetermined number of coins have entered
circulation, the incentive can transition entirely to transaction fees and be completely inflation
free."
Maybe it will move toward more toward a transactional fee? ¯\_(ツ)_/¯
Edit: grammar and spelling
@@richelleross9915 hello I want to know more about bitcoin plz guide
The scalability road map was not implemented by BTC Blockstream. That's why it will fail. It's no longer Bitcoin. Bitcoin SV is the real bitcoin.
JAJAJAJAJA
2021 "Bitcoin Price has crashed from $60000 to $30000." See you in 4 years for $600000 bitcoin crashes to $300000
🫡
'right to write to a database's value...right?' hehehehe
5M wallets is not the really useful figure, you gotta admit that each guy has a public and so possible secret wallet , the guy at silk road had over a hundred accounts for a single user. what does that say .... multi users are in the grey area
People are saying we can't do $100k this cycle. I look at this comment section and realize how utterly stupid they are.
The year is 2024, we're at a marketcap of 1.2T with gold sitting at 15.6T.
The bond market is still very much alive and well, sitting above $135T.
We're still early. I'll check back in once my stubborn parents finally ask me how to acquire some.
I thought Bitcoin was dead?
It was never alive in the first place. It’s a non living digital asset 😎
uh and um like so
Benjamin Audrey and his method works like magic I keep on earning every week with his new strategy.
Have a drink of water FFS
i was gettin so FUKEN TRIGGERED by his lips smacking and gulps with almost dry spit omfg it's so annoying dude i am still in anger
hahahahaahaha
Akashi-crypto steals predictions. he is a fake.
Wish he talks without saying "Right" all the freakin time.
Bitcoin is dead
Im joking troll
Grim Reaper is out here on anti-depressants because of Bitcoin.
What a robot! Are we supposed to be impressed that so much power and compute time, is being devoted to support microtransactions of a mere 1 million people? Give me a break.
Didn’t age well at all 😂
hfsp
@khosla why my comments disappearing?
@paulg @sama why are my comments disappearing
@kamalaHarris @DrJillBiden why?