WARNING: There are a number of scammers who are using my image and channel name to try to connect with my viewers on WhatsApp and other platforms to scam them. Just so you know, I will never refer you to "my personal trader" or try to connect with you personally to sell you something. I am trying to ban these scammers as quickly as they pop up. You can always recognize a scammer by clicking on the image and seeing how many videos he has. All of these guys have zero videos, while I have hundreds. I also now have a checkmark next to my name, so that you can distinguish the real Trader University from the imposters.
Judging by your estimations mere days prior to that Luna vanishing into an abyss, my estimation is to consider this outcome as a solid possibility. Ethereum bulls are saying it won't go below $1,000 and that for them in itself is a danger as they will be caught totally unawares.
I agree. that would make ETH difficult to stay away from being valued in relationship with the USD because it would simply hyperinflate. If ETH was priced against BTC, it will stand no chance in preserving your wealth.
It's a pity that some bitcoiners are focused on talking down other projects instead of trying to push bitcoin forward. Maybe you are not aware but Bitcoin could have second layers and enable REAL DeFi on top of it natively (today we have second layers like RSK but they are very hard to implement in a permission less way). BIP300 is waiting for approval and have been for years now, if that proposal gets implemented then DeFi (real, unstoppable, uncensorable, permission less DeFi) could run on top of Bitcoin and enable a truly P2P financial system. Let's focus our energies in building better things, not hating the ones we don't like. Cheers!
Matt, you are such a different youtuber. No ads, no half video taken for promotions, focuses on fundamentals and honesty . I really appreciate having you to educate me soo much and everyone, who finds your channel !
@@Bitcoin_University Here are 3 ideas, I think the third one will be prefferable, but anyway, these come to my mind : 1. Your story, how you started trading/investing, how did you find btc, why did you change your mentality from trading stocks to holding btc. 2. 200MW, look into btc indicators, PlanB models, all these indicators, should ppl look at em or it's just lines and math models, which won't have an effent on the future. 3. What do you think will happen when all bitcoins are mined, will the fees be enough to satisfy the miners or what will be the reward, ofc it is a lot of time, but just assumptions.
@@dingfeldersmurfalot4560 I agree up to an extent. It is kind of a self-fulfilling prophecy.However I know a lot of ppl are looking at them and Matthew is a very experienced and well-rouned in both trading and investing, so his opinion would be quite valuable, at least from my perspective. As for Keiser, well , I watched the "conversation" between him and Peter Shiff, "Gold vs Bicoin". Tbh , Max acted like a child, quite disrespectful,quite noisy , I just can't take him seriously, doesn't matter how rich he is.On the other hand, the way of thinkin of Matt or Saylor or Dorsey is priceless.
85% of Bitcoin is currently owned by 0.42% of Bitcoin addresses. 94% of Bitcoin is owned by 1.67% of Bitcoin addresses. The power distribution is subject to debate.
I doubt the accuracy of those numbers byt lets assume those numbers are true. It doesn't matter because having any amount of bitcoin doesn't give you any more control over the protocol.
People don't trust themselves. Sounds nuts, but many are probably right not to. I'd bet that the number of bitcoins lost is going to increase dramatically over time and at any rate bitcoin and other coins will never stop being lost, a few dollars to whole fortunes at a time.
@Zeeshan Siddiqui ,,,,, Nah, the people that store their coins on coinbase or other centralized exchanges don't even understand what the word decentralized means... they just invested in crypto because someone told them they could make money, and they assume coinbase is as safe as putting your dollars in Wells Fargo or Bank of America.
Bitcoin miners are extremely centralized, if the US was to nationalize bitcoin mining due to the law that currency may only be printed by the treasury, bitcoin would be a government operation.
@@citiessportsbar6475 I didn't , I just stumbled across this guy and looks like he has some knowledge only to then fall into the same ignorant name calling. Bitcoin as Gold 2.0 is great but it has very limited utility and will not replace nor safe us from the FIAT hell we are walking into to.
That would do nothing to nationalize bitcoin. You can't nationalize bitcoin, and there are indeed miners all over the world. It just recently came out that even through this latest and umpteenth banning, China is still mining about 19% of bitcoin. And that's with an authoritarian system to a degree unlike virtually any other.
@@dingfeldersmurfalot4560 Thats true that China miners have come back somewhat but they are now operating illegally and should more severe pressure from the government happen (social credit score QR codes etc) those miners are not a viable solution. Yes there are miners across the world but only the major ones produce significant hash rate and the little ones could just as easily be targeted should the laws change. I can set up a Cardano stake pool with very little investment anywhere, and I can create a server for such stake pool anywhere. To completely discredit that and claim that its simply impossible to nationalize bitcoin because that's what others are saying, is naive at best.
@crypto current you are not understanding. Before China banned btc mining, the united states only accounted for 4% of all mining in the world.. the miners moved from china to various places around the world. Many came to the U.S. because of conditions that will work well for them to do bussiness and U.S is miner friendly.. If that changed and the U.S. mandated that only the treasury could mine or print currency, then the big miners in the U.S. would just go to another place in the world that is friendly to their mining business. At this point the miners in the U.S account for only 30% to 35% of all mining in the world.. The united states will most likely continue to be miner friendly , if that changes, the miners will leave. and there are plenty of miners around the world that will keep mining.. Look how resilient BTC was when china banned the miners and the great migration happened. we saw a dip, but recovered well.. Big mistake China made, I doubt the U.S will make the same mistake.
Thank you for pointing out LIDO. I understand how much control they have over ETH. However the fact JPM is still involved means it's going to be sticking around. And 4% is pretty good. Not going against Bitcoin, but going against fiat currency. And any gains in ETH can go towards BTC.
This video is especially focused in answering my Qs about ETH going fully POS. Your simple calm detailed approach has helped me formulate decision points that I will execute right after typing this comment. Big Thank You Matthew.
"ETH 2.0" is no longer a thing. The Merge is still going ahead, but the majority of features intended to constitute the "2.0" label have been delayed or outright abandoned, so the term is no longer in use.
It is possible for a person with any amount of ETH to stake via Lido from their ledger wallet and participate in Eth rewards They are also able to stick to other ETH staking pools At least the every day person can get some additional ETH. Which is not the same as BTC. The only way an ordinary person can can participate in the btc network is to literally have millions of dollars of computer hardware.
Same with Cardano, and it's an issue that a lot in that community are talking about and trying to find some possible remedy for. But that remedy seems even more difficult and less likely with ETH.
Even if you own 32 ETH it only makes sense to run a validator server if you can guarantee zero down time. Otherwise you will have to pay penalties if your internet or electricity turns off.
We can see the value of Etherum using technical analysis. between November to December 2021, in the daily Time Frame the market shows the Double Top and the weekly timeframe shows the Evening Star. This explains that the price will reverse or fall because many people are taking profit in that moment. In 2022, FED will start to tightening monetary policy, so price will going down till now.
I think it is worth mentioning that the ETH crowd would not agree with you about the inflation point you made about staking. My understanding is that after the merge the global network production of ETH will be ~1/10th of what is being produced now by mining. This in combination with the burning of ETH I believe actually makes the token deflationary. I'm not an expert on this but it is my understanding that this is the case.
@@Bitcoin_University LOL there's a certain cruelty to that, but it's a fact that the only way prices get cheaper is that somebody has to either lose money outright or sell for less than he could have gotten otherwise. As the saying goes, "It's an ill wind that blows nobody good."
Wow. I really didn't know that you have to give up custody of your ETH 2.0 to stake it. I've been staking ADA for a long time now quite happily and voting, moving between stake pools, etc. The idea of not having my coins in my wallet while they are staked is unfathomable.
Hello, can you please create a video covering the potential threats of quantum computing on Bitcoin and solutions. Especially the effects on Satoshi's original coins/wallet. Thank you in advance
I said from the very beginning of my understanding "cryptocurrency" that Ethereum would be the last coin standing because of its structured ability to be corrupt.
Btc will probably be 500k plus in 5 years and eth will prob be 20k plus. There's alot of intergenerational wealth buying opportunities now, even in alt coins. Yes, some, probably many alts will die off, but to not realize the potential value in alot of other projects in the crypto space besides btc, I think, is shortsighted
Exactly. If there’s money to be made I make those investments. We understand the BTC is potentially the life raft that can replace the failing fiat system but to say that BTC is the end all be all you have blinders on. Just as there are many fiat currencies, equities, commodities, PMs, forms of real estate, etc. to invest in there are many cryptos to invest in. There won’t be one winner, however there likely is a consolidation into a few. It seems likely that ETH remains a highly sought after and invested in crypto
4:30 There is no reason to give up self-custody to stake most PoS cryptocurrencies. To be fair, I don't know about Ethereum specifically, but to cite just a couple of examples that I use regularly, neither Polkadot nor Tezos require you to transfer your dot or tez to anyone in order to participate in staking through delegation, and certainly not to a centralised exchange. Your tokens remain in your wallet while delegated, accruing interest daily. Maybe Ethereum's delegation protocol will be worse than those that have come before it. Maybe 'the Merge' will be a complete 'dumpster fire', or maybe it will never happen. I don't have a horse in that race. However, I strongly recommend learning more about how these things work before saying the things you say, because you are misleading those who have no idea and making a fool of yourself in front of those who do know. Make a Polkadot or Kusama wallet, buy some tokens and delegate them. Do the same with Tezos. Just a small amount to see how it works, and you will be better positioned to make your criticisms from a point of experience and not just furious ideology.
@@ambientvibes4301 He also clearly states that proof of stake networks require you to either run your own validator node or give up custody. This is categorically untrue.
can you describe why 'the nodes' are the key constituency in bitcoin? Anyone can spin up an arbitrary number of nodes, right? Do you mean nodes that have significant transaction volumes? Whales could obviously gain a significant share of the nodes there. Some clarity on this would be helpful.
bitcoin is not a democracy. if i have 1000 nodes with a different software, then i create a new network noone is using. honest nodes only play by the rules they accept for themselves.
upon the merge there will be a 90% reduction in ether issuance (down to 0.4% annually). combined with the eip-1559 token burning, ether will most likely be net deflationary after the merge. granted, token burn rate depends on network activity, but the average network activity over the time since token burning was instituted would be more than enough to make ether net deflationary post merge. all token holders, whether they are staking or not, will benefit from this. the other point is that ethereum stakers have no protocol vote whatsoever. they have no more control over the etherum protocol than bitcoin miners haver over the bitcoin protocol.
Yes this video is completely disingenuous and the Op of this video has definitely not his done homework before making this video. It’s incredibly silly because you’d think someone who calls themselves a trader would have good information behind what they’re saying Calling himself a trader university channel. A wet napkin has better qualifications
can you explain what it means to "control the network" by top stakers. What can they actually do that gives them control, and what is even control in the first place.
Roll back the chain, reverse transactions, they have already done it with the dao hack. They could sensor transactions, from Russians for example, or any flavor of the day.
No it’s not dude this guy has no clue what he’s saying. Go read about the EIP-1559 hard folk that will take place as the POS merge happens. Eth will in fact he deflationary this video creator has very little knowledge what he’s talking about and clearly just wants to create fud
I get that Bitcoin miners and large BTC holders don't have power to control the protocol, but why do large ETH stakers have power to control the protocol? And how do they? 👀 Don't stakers just help process transactions?
@@zblus i have no idea what he might have meant - i can only reply to what he said. ether is a yield-bearing asset with a massive addressable market that is about to be deflationary (after the merge). it seems to have a lot of potential for significant growth.
Just so you know- even if you have 32 eth - you still give up self custody- or at least control. These tokens must be locked up and cannot be released until VB gives the nod. This may not always be the case - but it will be until the new POS chain stabilizes. Not sure ethereum is actually inflationary these days though- as some are burned in each transaction.
Interesting re control and self-custody-- thanks! Even if overall ETH is not inflationary, you still fall behind if others earn rewards and you don't, so the general point still holds.
There's also a bunch penalties that result in loss of ETH if for example your node goes down. So you could start with 32 ETH, fail to run your node correctly or even suffer some software failure in ETH itself, and lose that ETH due to penalties.
The 32 ETH lock up could also be seen as a ponzi tool to drive up demand (just for staking). Anyone who has ETH could be "rugpulled" in that situation.
@@SamsaraRevolves step 1: make people buy your coin at an inflated rate step 2: make people loose the ability to move or sell their coins (staking with no unlock date) step 3: dump the market, you have all the liquidity for yourself since they are retarded enough to lock up their coins step 4: unlock their coins and make them fomo out of their position, selling at at least 70% loss step 5: repeat on another shitcoin
Interesting video. However, why did you only compare ETHs new proof of stake with proof of work in general? There are other protocols that are using pos totally different. For example you can lease your tokens (no minimum amount required) to any Cardano pool. If the pool gets too full (saturated) then the rewards get diluted. That will incentivize people to move their coins from saturated pools to empty pools. This will lead to a super decentralized network. In addition, ETHs supply is not capped as other altcoins are limited in supply so they are deflationary.
Hey Matt, I just want you to know that I enjoy your videos so much that I have shared them to several BTC groups so those BTC fans can benefit from your info as well. However, I thought it’d be helpful to you to know that every single group mod has deleted your videos right away. And it’s all for the same reason, because they can see in the description before they even click the link that you have a paid course and they immediately are anti because they think you’re a scammer trying to trick people and get their money. They don’t delete most videos. Not sure if this is helpful to you but I can say for a fact it would get you more people in my circles to give your video a chance. Maybe put the link a little further down where they can’t identify right away it’s a product over just info.
Hey Matthew. My understanding was that ETH is going to be deflating because of their burn mechanism. The inflation has been reduced already since the London hard fork, and after 2.0 it's slated to have deflation of 1% annually. Would that change your conclusion any? I agree with your other points regarding governance and the rich get richer, etc.
If you play several rounds of monopoly, each round will have higher centralisation as the game progresses, that's economics 🤔, Cardano will overtake ETH in the next bull run. Be more open minded. Proof of work isn't centralised?
You bring up a lot of valid arguments as to why Ethereum and it's features and future monetary policy is a terrible thing for the whole world, however most of these arguments are about centralization and rich getting richer and having more power over you. Wouldn't that mean that these people with all this money and power would do everything in their power to ensure it becomes a global standard? I know it seems unreasonable to invest in something you disagree with on a fundamental and moral level, but don't you think it would be wise to at least hedge your bets? Because in the scenario of this altcoin dystopian slavocracy, wouldn't it at least be not as bad if you had invested earlier so at least you'd be a slightly more comfortable slave than one who's left behind constantly running to try and catch up. I think it's important to prepare for different scenarios and not put all your eggs in one basket, I'd like to hear your thoughts on this
Great video, I don't know if It's my PC or your microphone, but im at max volume and it is not that loud. GREAT VIDEOS CHEERS from a newborn bitcoin maxi because of your channel
well does ETH have a max cap on the coins that will be in circulation? because if it isn't then that would be simplying printing digital fiat just like what the FED is doing now
there is no max cap, but because there is a cheeky burn mechanism attached to network fees, Eth fanboys will claim that it will eventually become deflationary and thus a better store of value than BTC.
Hi Matt, was wondering if you could clarify this a bit more... If you stake your 32 ETH can you later unstake them and get them back or sell them? This is unclear/foggy to me but it would seem that once you stake your ETH those tokens are permanently locked into the protocol forever. Otherwise the risk is catastrophic collapse of the entire protocol. Which means only your yearly yield is unstaked. But since you're incentivized to stake your yield or face ETH inflation you would naturally stake it and allow it to be indefinitely captured. This seems very much like a Fiat 2.0 catch 22 merry-go-round. Am I wrong about this?
you will absolutely be able to unstake your staked ether. at the moment they can't be unstaked, but about 6 months after the merge the shanghai hardfork will happen. one of the features that will be implemented with this hardfork is the ability to withdraw staked ether.
I have a bit of eth maybe 10 percent of my portfolio and I cannot wait to dump it soon and all my alts and never touch them again. Do Kwon was right when he said 95% of alts will die realistically 99.9%
I feel much the same way, but am willing to speculate with a percentage of my portfolio -- that I will keep much smaller! -- on altcoins. I think Matt sometimes wants us to like or admire something, or not notice its flaws, to see it as a good investment. If that were so, a lot fewer people would have made money in even the very top names in the stock market.
Off topic can you provide some videos on mining companies I’m looking to invest in Bitcoin “compass mining” and any information would be appreciated Thanks TU
Do you plan to make a video on Ergo? I was curious because it's PoW protocol and has all the good stuff from Bitcoin plus has alot more modern features. It would be interesting to hear your take on it.
You don't need to be a validator to stake. You can stake ADA in Daedalus for example and you don't have to give up your keys, and there is no lock up period.
@@Bitcoin_University that's not "university" level talk, is it now. Cardano blocks are being created as we speak and it is a UTXO model just like bitcoin, yes it is proof of stake but to say that proof of work is perfect while proof of stake is garbage is slightly ignorant.
@@cryptocurrent8106 There's zero neutrality when you have a pre-mine plus proof of stake. I thought I already covered that in the current video with reference to ETH. Cardano has the same problems, plus a founder who is much less honest than Vitalik.
Ethereum has more patches and fixes on it then my old pair of jeans as a kid... theres more patches then jeans left on it... the patches eventually fail as well.
Great thing is your Coinbase staked Eth doesn't get released after it launches. It takes 6 months AFTER the new Eth launches. So far I am so in the red with this bullshit I have basically given up.
One thing I never understood was why did the miners all agree to change the consensus to PoS when it would hurt them? It makes no sense why they would not block such a move that hurts them. Could the same not be done for BTC in the future?
Because unlike bitcoin, miners in ETH are highly centralized. Plus, everyone on the network is a raving Vitalik fanboy sheep who just does whatever hardfork he tells them to do. The miners might not like POS, but in the end it’s the nodes that decide and They are already in the habit of hard-forking and clapping like trained seals every time Vitalik opens his dumb mouth.
@@bobabonanza9488 Yes but the miners at some point put it in there right? Same with EIP-1559, why would the miners ever approve a proposal that burns their mining fees? Makes no sense.
Hi Matt...I thought that in proof of stake you are risking your eth for validating correctly. Wouldnt that mean that even people with 32 eth would have to give up custody to validate?
This is how staking in crypto works. Lets say you bought $100 worth of ETH, which is ~0.06667 ETH in current price. And you decide to stake it. While APY is 5% you earn it in ETH, NOT in USD. So after a year you will have 0.07 ETH. If price of ETH goes up to lets say $2000 then you will have $140. So you made 40% in USD terms. If you decide not to stake your ~0.06667 ETH you will have $133.34 after a year if the price of ETH is $2000.
If you own a lot of bitcoin. You can borrow money against it. Use that money to buy mining equipment. Then mine bitcoin. So you do have an advantage of owning a lot of bitcoin. Every day people have absolutely no chance of ever mining bitcoin
Yuck. Cardano is a disaster. Huge premine, centralized control by Hoskinson, exploiting Africans: ruclips.net/video/1STIeWSv0CE/видео.html&ab_channel=TraderUniversity
@@Bitcoin_University Have to disagree with you there, Matt. Cardano has an extremely loyal community. Diamond hands are common in ADA. It's spoken of as an extreme virtue, almost religiously. Look through it's thriving reddit forums and Hoskinson is practically regarded as a secular priest ... well, except by visiting ETH maxis who regard Vitalek as a secular priest.
WARNING: There are a number of scammers who are using my image and
channel name to try to connect with my viewers on WhatsApp and other
platforms to scam them. Just so you know, I will never refer you to
"my personal trader" or try to connect with you personally to sell you
something. I am trying to ban these scammers as quickly as they pop up. You can
always recognize a scammer by clicking on the image and seeing how
many videos he has. All of these guys have zero videos, while I have
hundreds. I also now have a checkmark next to my name, so that you can distinguish the real Trader University from the imposters.
Judging by your estimations mere days prior to that Luna vanishing into an abyss, my estimation is to consider this outcome as a solid possibility.
Ethereum bulls are saying it won't go below $1,000 and that for them in itself is a danger as they will be caught totally unawares.
@@user-uu6bi4tn5o Yes, ETH could easily go down to $300 or below.
I agree. that would make ETH difficult to stay away from being valued in relationship with the USD because it would simply hyperinflate. If ETH was priced against BTC, it will stand no chance in preserving your wealth.
It's a pity that some bitcoiners are focused on talking down other projects instead of trying to push bitcoin forward. Maybe you are not aware but Bitcoin could have second layers and enable REAL DeFi on top of it natively (today we have second layers like RSK but they are very hard to implement in a permission less way). BIP300 is waiting for approval and have been for years now, if that proposal gets implemented then DeFi (real, unstoppable, uncensorable, permission less DeFi) could run on top of Bitcoin and enable a truly P2P financial system.
Let's focus our energies in building better things, not hating the ones we don't like. Cheers!
@@laupeter4594 you should look at the Eth-Btc pairing. You are on point if you weren't already aware.
PoS over PoW from an energy perspective: "Storing your money in a white paper bag also uses much less energy..." Good one.
"Storing your money in a wet paper bag costs nothing"
I literally laughed out loud!
Matt, you are such a different youtuber. No ads, no half video taken for promotions, focuses on fundamentals and honesty . I really appreciate having you to educate me soo much and everyone, who finds your channel !
Thank you, my friend. Any suggestions for my next video?
@@citiessportsbar6475 They're pretty amateur art. Most NFT's will go to zero over time.
@@Bitcoin_University Here are 3 ideas, I think the third one will be prefferable, but anyway, these come to my mind :
1. Your story, how you started trading/investing, how did you find btc, why did you change your mentality from trading stocks to holding btc.
2. 200MW, look into btc indicators, PlanB models, all these indicators, should ppl look at em or it's just lines and math models, which won't have an effent on the future.
3. What do you think will happen when all bitcoins are mined, will the fees be enough to satisfy the miners or what will be the reward, ofc it is a lot of time, but just assumptions.
@@preslaviliev6843 Re #2: Max Keiser cracked me up in an interview when he was asked about technical analysis. He said it was "Astrology for men."
@@dingfeldersmurfalot4560 I agree up to an extent. It is kind of a self-fulfilling prophecy.However I know a lot of ppl are looking at them and Matthew is a very experienced and well-rouned in both trading and investing, so his opinion would be quite valuable, at least from my perspective. As for Keiser, well , I watched the "conversation" between him and Peter Shiff, "Gold vs Bicoin". Tbh , Max acted like a child, quite disrespectful,quite noisy , I just can't take him seriously, doesn't matter how rich he is.On the other hand, the way of thinkin of Matt or Saylor or Dorsey is priceless.
"Storing your money in a wet paper bag doesn't use a lot of energy" lol
85% of Bitcoin is currently owned by 0.42% of Bitcoin addresses. 94% of Bitcoin is owned by 1.67% of Bitcoin addresses. The power distribution is subject to debate.
😢 Communist I see. Let's confiscate from others and give the poor
I doubt the accuracy of those numbers byt lets assume those numbers are true. It doesn't matter because having any amount of bitcoin doesn't give you any more control over the protocol.
Your intelligence and morality is refreshing
I laughed so hard, when i saw 32eth=$0.00
😂
Yes, Freudian slip on my part.
Love the '...storing your money in a wet paper bag' comparison. 🤣
Thank you, from the UK, Matthew, you are one of the saner voices in this space.
People talk about power of decentralization when it comes to crypto but then go on to store their coins on coinbase. Blows me away.
People don't trust themselves. Sounds nuts, but many are probably right not to. I'd bet that the number of bitcoins lost is going to increase dramatically over time and at any rate bitcoin and other coins will never stop being lost, a few dollars to whole fortunes at a time.
@Zeeshan Siddiqui ,,,,, Nah, the people that store their coins on coinbase or other centralized exchanges don't even understand what the word decentralized means... they just invested in crypto because someone told them they could make money, and they assume coinbase is as safe as putting your dollars in Wells Fargo or Bank of America.
I'm always connecting your videos to my cars speakers and listening to the most beneficial Bitcoin channel. Thanks for always educating us.
Thank you, Amer.
Bitcoin miners are extremely centralized, if the US was to nationalize bitcoin mining due to the law that currency may only be printed by the treasury, bitcoin would be a government operation.
@@citiessportsbar6475 I didn't , I just stumbled across this guy and looks like he has some knowledge only to then fall into the same ignorant name calling. Bitcoin as Gold 2.0 is great but it has very limited utility and will not replace nor safe us from the FIAT hell we are walking into to.
That would do nothing to nationalize bitcoin. You can't nationalize bitcoin, and there are indeed miners all over the world. It just recently came out that even through this latest and umpteenth banning, China is still mining about 19% of bitcoin. And that's with an authoritarian system to a degree unlike virtually any other.
@@dingfeldersmurfalot4560 Thats true that China miners have come back somewhat but they are now operating illegally and should more severe pressure from the government happen (social credit score QR codes etc) those miners are not a viable solution. Yes there are miners across the world but only the major ones produce significant hash rate and the little ones could just as easily be targeted should the laws change. I can set up a Cardano stake pool with very little investment anywhere, and I can create a server for such stake pool anywhere. To completely discredit that and claim that its simply impossible to nationalize bitcoin because that's what others are saying, is naive at best.
@Christopher Forgione This channel has severe knucklehead syndrome, I am out. (You "stumble" on nothing? Is that coherent ? no, its stupid.)
@crypto current you are not understanding. Before China banned btc mining, the united states only accounted for 4% of all mining in the world.. the miners moved from china to various places around the world. Many came to the U.S. because of conditions that will work well for them to do bussiness and U.S is miner friendly.. If that changed and the U.S. mandated that only the treasury could mine or print currency, then the big miners in the U.S. would just go to another place in the world that is friendly to their mining business. At this point the miners in the U.S account for only 30% to 35% of all mining in the world.. The united states will most likely continue to be miner friendly , if that changes, the miners will leave. and there are plenty of miners around the world that will keep mining.. Look how resilient BTC was when china banned the miners and the great migration happened. we saw a dip, but recovered well.. Big mistake China made, I doubt the U.S will make the same mistake.
“PoS uses less energy than PoW, but so does storing your money in a wet paper bag”
LOL I love it
Thank you for pointing out LIDO. I understand how much control they have over ETH. However the fact JPM is still involved means it's going to be sticking around. And 4% is pretty good.
Not going against Bitcoin, but going against fiat currency. And any gains in ETH can go towards BTC.
This video is especially focused in answering my Qs about ETH going fully POS. Your simple calm detailed approach has helped me formulate decision points that I will execute right after typing this comment. Big Thank You Matthew.
"ETH 2.0" is no longer a thing.
The Merge is still going ahead, but the majority of features intended to constitute the "2.0" label have been delayed or outright abandoned, so the term is no longer in use.
Thanks for the clarification. It's hard to keep up with all of the name changes.
Would it then be called “Beta 2.0 ^(1/a),” where ‘a’ is number of abandoned features? 😆
Just call it fraud and be done with it lol
I think this bearish momentum is because of Eth. I think people is slowly realizing that Etherium has less value now.
Yes, I agree. Lots of DeFi funds probably getting redemptions.
Yes, ether price is definitely bringing down the S&P 500
its still being used the most of any L1 though, in spite of all the shortcomings.
Just move to BNB, it's eth 2 without the sharding nonsense
@@handleneeds3charactersormore BNB much more centralized with large pre-mine.
ETH won't die, it will just attract those who want control and power.
It is possible for a person with any amount of ETH to stake via Lido from their ledger wallet and participate in Eth rewards
They are also able to stick to other ETH staking pools
At least the every day person can get some additional ETH.
Which is not the same as BTC. The only way an ordinary person can can participate in the btc network is to literally have millions of dollars of computer hardware.
Its so trivial for large stakers to just give the illusion of dividing their staking by starting new pools, what a joke.
Yes.
Same with Cardano, and it's an issue that a lot in that community are talking about and trying to find some possible remedy for. But that remedy seems even more difficult and less likely with ETH.
i don t understand how proof of work is not a rich get richer game as well ?!?? most of anything in our systems is a rich get richer game
Impeccable logical arguments.
Outstanding! Great job on this video!
Thanks, Edwin.
when you say they lose out for not staking. wouldn't they also lose out by not mining and earning those rewards also?
Even if you own 32 ETH it only makes sense to run a validator server if you can guarantee zero down time. Otherwise you will have to pay penalties if your internet or electricity turns off.
Yes, it's a job for tech professionals and not just everyone.
@@Bitcoin_University But everyone can run a Bitcoin full node! ;D Buuuhjaa!
We can see the value of Etherum using technical analysis. between November to December 2021, in the daily Time Frame the market shows the Double Top and the weekly timeframe shows the Evening Star. This explains that the price will reverse or fall because many people are taking profit in that moment. In 2022, FED will start to tightening monetary policy, so price will going down till now.
For a bitcoin maxi, you sure are obsessed with Ethereum.
Feel threatened much?
I think it is worth mentioning that the ETH crowd would not agree with you about the inflation point you made about staking. My understanding is that after the merge the global network production of ETH will be ~1/10th of what is being produced now by mining. This in combination with the burning of ETH I believe actually makes the token deflationary. I'm not an expert on this but it is my understanding that this is the case.
Let’s hope it goes down without damaging BTC too much.
I hope that it drags down BTC with it, so that I can buy more BTC at lower prices.
@@Bitcoin_University LOL there's a certain cruelty to that, but it's a fact that the only way prices get cheaper is that somebody has to either lose money outright or sell for less than he could have gotten otherwise. As the saying goes, "It's an ill wind that blows nobody good."
this is brilliant.. thank you!
Wow. I really didn't know that you have to give up custody of your ETH 2.0 to stake it. I've been staking ADA for a long time now quite happily and voting, moving between stake pools, etc. The idea of not having my coins in my wallet while they are staked is unfathomable.
Matthew, How is Proof of Stake different to Interest earned with BTC? Thanks
Hello, can you please create a video covering the potential threats of quantum computing on Bitcoin and solutions. Especially the effects on Satoshi's original coins/wallet. Thank you in advance
I said from the very beginning of my understanding "cryptocurrency" that Ethereum would be the last coin standing because of its structured ability to be corrupt.
Lemme tell you something buddy, ETH ain’t going anywhere
Source: Trust Me Bro
great content Matt. You are one of my favorite RUclips channels to folllow.
Btc will probably be 500k plus in 5 years and eth will prob be 20k plus. There's alot of intergenerational wealth buying opportunities now, even in alt coins. Yes, some, probably many alts will die off, but to not realize the potential value in alot of other projects in the crypto space besides btc, I think, is shortsighted
Exactly. If there’s money to be made I make those investments.
We understand the BTC is potentially the life raft that can replace the failing fiat system but to say that BTC is the end all be all you have blinders on.
Just as there are many fiat currencies, equities, commodities, PMs, forms of real estate, etc. to invest in there are many cryptos to invest in. There won’t be one winner, however there likely is a consolidation into a few. It seems likely that ETH remains a highly sought after and invested in crypto
As someone who holds mostly btc I agree.
Lazy wishful thinking
😭😭
Yep
4:30 There is no reason to give up self-custody to stake most PoS cryptocurrencies. To be fair, I don't know about Ethereum specifically, but to cite just a couple of examples that I use regularly, neither Polkadot nor Tezos require you to transfer your dot or tez to anyone in order to participate in staking through delegation, and certainly not to a centralised exchange. Your tokens remain in your wallet while delegated, accruing interest daily.
Maybe Ethereum's delegation protocol will be worse than those that have come before it. Maybe 'the Merge' will be a complete 'dumpster fire', or maybe it will never happen. I don't have a horse in that race. However, I strongly recommend learning more about how these things work before saying the things you say, because you are misleading those who have no idea and making a fool of yourself in front of those who do know. Make a Polkadot or Kusama wallet, buy some tokens and delegate them. Do the same with Tezos. Just a small amount to see how it works, and you will be better positioned to make your criticisms from a point of experience and not just furious ideology.
@@ambientvibes4301 He also clearly states that proof of stake networks require you to either run your own validator node or give up custody. This is categorically untrue.
As always Mathew , thanks , perfect.
can you describe why 'the nodes' are the key constituency in bitcoin? Anyone can spin up an arbitrary number of nodes, right? Do you mean nodes that have significant transaction volumes? Whales could obviously gain a significant share of the nodes there. Some clarity on this would be helpful.
bitcoin is not a democracy. if i have 1000 nodes with a different software, then i create a new network noone is using. honest nodes only play by the rules they accept for themselves.
Matt has explained this in detail in this video
m.ruclips.net/video/o5mi4IVrOoM/видео.html
how long dou you think FED will keep QT (the inverse of QE) sucking usd from the market?
You can stake via Lido and not give up custody.
upon the merge there will be a 90% reduction in ether issuance (down to 0.4% annually). combined with the eip-1559 token burning, ether will most likely be net deflationary after the merge. granted, token burn rate depends on network activity, but the average network activity over the time since token burning was instituted would be more than enough to make ether net deflationary post merge. all token holders, whether they are staking or not, will benefit from this.
the other point is that ethereum stakers have no protocol vote whatsoever. they have no more control over the etherum protocol than bitcoin miners haver over the bitcoin protocol.
Yep its ultimately the devs that have protocol control.
Yes this video is completely disingenuous and the Op of this video has definitely not his done homework before making this video.
It’s incredibly silly because you’d think someone who calls themselves a trader would have good information behind what they’re saying
Calling himself a trader university channel. A wet napkin has better qualifications
Where does Ethereum Classic fall in the equation? 😩
A failed computer science project
Absolutely on point Sir Matt 💯
can you explain what it means to "control the network" by top stakers. What can they actually do that gives them control, and what is even control in the first place.
Roll back the chain, reverse transactions, they have already done it with the dao hack. They could sensor transactions, from Russians for example, or any flavor of the day.
swapped my Eth a week or so ago to BTC, felt it was getting dodgy...
same
this is solid advice, and so few are looking at it this way. thanks!
No it’s not dude this guy has no clue what he’s saying. Go read about the EIP-1559 hard folk that will take place as the POS merge happens. Eth will in fact he deflationary this video creator has very little knowledge what he’s talking about and clearly just wants to create fud
Thanks for this. I think you should help promote the privacy protocols like monero etc.
Please bring back time stamps
YT adds these automatically for me. Sometimes it takes 24 hours.
Is Monero better than BTC Sir?
Bang on sir!
Thanks for watching.
Seems right to me. Once POS, it is easy to see where ETH changes from commodity to security.
That picture makes me want to dump my core ETH position.
Thank you awesome video again
I get that Bitcoin miners and large BTC holders don't have power to control the protocol, but why do large ETH stakers have power to control the protocol? And how do they? 👀 Don't stakers just help process transactions?
no ethereum staker has any vote/control over the ethereum protocol. some pos projects might work like that, but not ethereum.
@@jeffh3984 did trader university mean something else then?
What advantage do large holders of eth have that they can use to their advantage?
@@zblus i have no idea what he might have meant - i can only reply to what he said.
ether is a yield-bearing asset with a massive addressable market that is about to be deflationary (after the merge). it seems to have a lot of potential for significant growth.
This kills any decentralized value in Eth
Yes, I agree.
Just so you know- even if you have 32 eth - you still give up self custody- or at least control. These tokens must be locked up and cannot be released until VB gives the nod. This may not always be the case - but it will be until the new POS chain stabilizes. Not sure ethereum is actually inflationary these days though- as some are burned in each transaction.
Interesting re control and self-custody-- thanks! Even if overall ETH is not inflationary, you still fall behind if others earn rewards and you don't, so the general point still holds.
There's also a bunch penalties that result in loss of ETH if for example your node goes down.
So you could start with 32 ETH, fail to run your node correctly or even suffer some software failure in ETH itself, and lose that ETH due to penalties.
@@captainotto lol what a shitcoin
The 32 ETH lock up could also be seen as a ponzi tool to drive up demand (just for staking). Anyone who has ETH could be "rugpulled" in that situation.
@@SamsaraRevolves
step 1: make people buy your coin at an inflated rate
step 2: make people loose the ability to move or sell their coins (staking with no unlock date)
step 3: dump the market, you have all the liquidity for yourself since they are retarded enough to lock up their coins
step 4: unlock their coins and make them fomo out of their position, selling at at least 70% loss
step 5: repeat on another shitcoin
How can l buy a Trezor without giving my name address and email?
Make a temporary email address, then have it sent to someone you know or if you're lucky, to a pickup location that doesn't require ID.
look at this way. they can never delete cryptocurrency. it will always be there.
So glad I got out of Ethereum. I love being a Bitcoin Maxi. Thank you Matt for warning all of us ♥️
ditto
Thanks buddy
Interesting video. However, why did you only compare ETHs new proof of stake with proof of work in general? There are other protocols that are using pos totally different. For example you can lease your tokens (no minimum amount required) to any Cardano pool. If the pool gets too full (saturated) then the rewards get diluted. That will incentivize people to move their coins from saturated pools to empty pools. This will lead to a super decentralized network. In addition, ETHs supply is not capped as other altcoins are limited in supply so they are deflationary.
Hey Matt, I just want you to know that I enjoy your videos so much that I have shared them to several BTC groups so those BTC fans can benefit from your info as well.
However, I thought it’d be helpful to you to know that every single group mod has deleted your videos right away.
And it’s all for the same reason, because they can see in the description before they even click the link that you have a paid course and they immediately are anti because they think you’re a scammer trying to trick people and get their money.
They don’t delete most videos.
Not sure if this is helpful to you but I can say for a fact it would get you more people in my circles to give your video a chance.
Maybe put the link a little further down where they can’t identify right away it’s a product over just info.
Hey Matthew. My understanding was that ETH is going to be deflating because of their burn mechanism. The inflation has been reduced already since the London hard fork, and after 2.0 it's slated to have deflation of 1% annually. Would that change your conclusion any? I agree with your other points regarding governance and the rich get richer, etc.
Since Ethereum is highly centralized, this can be changed at any time just like it has changed several times in the past already.
POW is also rich get richer, this shouldn't be an argument.
the governance point is off - ethereum stakers have no protocol vote.
Great video as always 👍
If you play several rounds of monopoly, each round will have higher centralisation as the game progresses, that's economics 🤔, Cardano will overtake ETH in the next bull run. Be more open minded. Proof of work isn't centralised?
It is because it costs a lot to mine and only rich can mine
$ADA, nuff said
ADA= pre-mined garbage with an untrustworthy founder.
@@Bitcoin_University Every alt coin is pre-mined garbage. But yea, I see how you could think he's untrustworthy. Especially to Ethiopians.
You bring up a lot of valid arguments as to why Ethereum and it's features and future monetary policy is a terrible thing for the whole world, however most of these arguments are about centralization and rich getting richer and having more power over you. Wouldn't that mean that these people with all this money and power would do everything in their power to ensure it becomes a global standard? I know it seems unreasonable to invest in something you disagree with on a fundamental and moral level, but don't you think it would be wise to at least hedge your bets? Because in the scenario of this altcoin dystopian slavocracy, wouldn't it at least be not as bad if you had invested earlier so at least you'd be a slightly more comfortable slave than one who's left behind constantly running to try and catch up. I think it's important to prepare for different scenarios and not put all your eggs in one basket, I'd like to hear your thoughts on this
Wen documentary? 🔥
Definitely once it blows up like LUNA.
Outstanding, once again!
It's something I noticed but power isn't that big. But trick ppl to go green for control
Great video!Btc is enough and will solve many problems for many people all over the world.
Best for all
David
Unfortunately a lot of people are going to get burned by Ethereum just like many people did with Terra Luna
Yes, I agree.
@@Bitcoin_University I'd like to see your take on this scenario, seriously. ETH may be a lot of things, but another Luna? That's bold.
@@bobbyjonas2323 Never heard of it
Great video, I don't know if It's my PC or your microphone, but im at max volume and it is not that loud. GREAT VIDEOS CHEERS from a newborn bitcoin maxi because of your channel
Tron has copied UST and half of USDT is moving on Tron. The crash might put another discount on bitcoin.
well does ETH have a max cap on the coins that will be in circulation? because if it isn't then that would be simplying printing digital fiat just like what the FED is doing now
there is no max cap, but because there is a cheeky burn mechanism attached to network fees, Eth fanboys will claim that it will eventually become deflationary and thus a better store of value than BTC.
Hi Matt, was wondering if you could clarify this a bit more... If you stake your 32 ETH can you later unstake them and get them back or sell them? This is unclear/foggy to me but it would seem that once you stake your ETH those tokens are permanently locked into the protocol forever. Otherwise the risk is catastrophic collapse of the entire protocol. Which means only your yearly yield is unstaked. But since you're incentivized to stake your yield or face ETH inflation you would naturally stake it and allow it to be indefinitely captured. This seems very much like a Fiat 2.0 catch 22 merry-go-round. Am I wrong about this?
Currently yes you cannot unstake them, that MAY or may NOT change with the Merge...
you will absolutely be able to unstake your staked ether. at the moment they can't be unstaked, but about 6 months after the merge the shanghai hardfork will happen. one of the features that will be implemented with this hardfork is the ability to withdraw staked ether.
yes, you can unstake, once the merge happens. its been two weeks away since about 2017.
@@IaintTheHerb not immediately upon the merge, though. about 6 months after.
So if people give their ETH to Coinbase to stake, Coinbase has all their customers' proof of stake votes over the protocol?
nope - because there is no proof-of-stake vote over protocol. it simply doesn't exist.
I have a bit of eth maybe 10 percent of my portfolio and I cannot wait to dump it soon and all my alts and never touch them again. Do Kwon was right when he said 95% of alts will die realistically 99.9%
I feel much the same way, but am willing to speculate with a percentage of my portfolio -- that I will keep much smaller! -- on altcoins. I think Matt sometimes wants us to like or admire something, or not notice its flaws, to see it as a good investment. If that were so, a lot fewer people would have made money in even the very top names in the stock market.
Are you becoming a btc maxi?
good content
Off topic can you provide some videos on mining companies I’m looking to invest in Bitcoin “compass mining” and any information would be appreciated Thanks TU
Do you plan to make a video on Ergo? I was curious because it's PoW protocol and has all the good stuff from Bitcoin plus has alot more modern features. It would be interesting to hear your take on it.
Also it would be great if you could make a video on Liquid Bitcoin. I have no idea what that is.
You don't need to be a validator to stake. You can stake ADA in Daedalus for example and you don't have to give up your keys, and there is no lock up period.
But ADA is pre-mined garbage.
@@Bitcoin_University that's not "university" level talk, is it now. Cardano blocks are being created as we speak and it is a UTXO model just like bitcoin, yes it is proof of stake but to say that proof of work is perfect while proof of stake is garbage is slightly ignorant.
@@cryptocurrent8106 There's zero neutrality when you have a pre-mine plus proof of stake. I thought I already covered that in the current video with reference to ETH. Cardano has the same problems, plus a founder who is much less honest than Vitalik.
@@Bitcoin_University how do you define "Pre-mine" ?
@@cryptocurrent8106 Tokens distributed to founders and other insiders before launch.
twitter.com/MessariCrypto/status/1394298624906047491/photo/1
Ethereum has more patches and fixes on it then my old pair of jeans as a kid... theres more patches then jeans left on it... the patches eventually fail as well.
Wonder if the Ethereum network clock will ever run into the same issues as Solana. Only proof of work solves decentralized timestamping
Great videos as always!
People who buy Ethereum don't really care that it's a mess. It's more or less just a speculative asset for profit right now.
Great thing is your Coinbase staked Eth doesn't get released after it launches. It takes 6 months AFTER the new Eth launches. So far I am so in the red with this bullshit I have basically given up.
One thing I never understood was why did the miners all agree to change the consensus to PoS when it would hurt them? It makes no sense why they would not block such a move that hurts them. Could the same not be done for BTC in the future?
Because unlike bitcoin, miners in ETH are highly centralized. Plus, everyone on the network is a raving Vitalik fanboy sheep who just does whatever hardfork he tells them to do. The miners might not like POS, but in the end it’s the nodes that decide and They are already in the habit of hard-forking and clapping like trained seals every time Vitalik opens his dumb mouth.
@@bobabonanza9488 Yes but the miners at some point put it in there right? Same with EIP-1559, why would the miners ever approve a proposal that burns their mining fees? Makes no sense.
If the merge is moved to 2023, I'm swapping for polygon
Hi Matt...I thought that in proof of stake you are risking your eth for validating correctly. Wouldnt that mean that even people with 32 eth would have to give up custody to validate?
The worst thing about pos is it runs on big tech.
Amen! Great content.
This is how staking in crypto works. Lets say you bought $100 worth of ETH, which is ~0.06667 ETH in current price. And you decide to stake it. While APY is 5% you earn it in ETH, NOT in USD. So after a year you will have 0.07 ETH. If price of ETH goes up to lets say $2000 then you will have $140. So you made 40% in USD terms. If you decide not to stake your ~0.06667 ETH you will have $133.34 after a year if the price of ETH is $2000.
What are your current thoughts on Tesla stock and Elon Musk, especially his Twitter involvement?
If you own a lot of bitcoin. You can borrow money against it. Use that money to buy mining equipment. Then mine bitcoin. So you do have an advantage of owning a lot of bitcoin. Every day people have absolutely no chance of ever mining bitcoin
Mining Bitcoin gives you no special control over the protocol. Being a validator under PoS does.
This makes ETH clearly a Security!
cardano fixes this, you can stake without your ada even leaving your wallet, self custody is key
Yuck. Cardano is a disaster. Huge premine, centralized control by Hoskinson, exploiting Africans:
ruclips.net/video/1STIeWSv0CE/видео.html&ab_channel=TraderUniversity
Except that it’s a retarded useless shitcoin scam promoted by a disingenuous fraudster.
@@Bitcoin_University Have to disagree with you there, Matt. Cardano has an extremely loyal community. Diamond hands are common in ADA. It's spoken of as an extreme virtue, almost religiously. Look through it's thriving reddit forums and Hoskinson is practically regarded as a secular priest ... well, except by visiting ETH maxis who regard Vitalek as a secular priest.