@@zootsoot2006 Dodge coin has no maximum supply and every minute a new dodge coin block is mined. Satoshi made Bitcoin´s clock slower. The average block creation time is 10min. Satoshi did this for safety reasons. For an limited supply, he included the halving code. This is great to control the inflation, especially in the long term. So we have a bitcoin production that ends in the future (four year halving code). And at some point lost keys will make bitcoin a little bit deflationary without negative effects.
@@zootsoot2006 It fails to serve a market need not met by Bitcoin. It would be like someone else printing their own dollar bill after the world is already using the dollar.. and expecting it to become the primary currency, when it functions in the same exact way.
@@zootsoot2006 maybe because it is obvious. Just the most energy consuming network can survive. Others can be easily 51% attack by the strongest network... POW guarantees that there will be no second best.
Honestly a couple points here nearly brought a tear to my eye. “Not having to waste human life to defend monetized wealth is worth every watt.” Fucking profound and utterly beautiful. So grateful to live in a time where we have Bitcoin and therefore have a chance. With this presentation, Mallers rivals Saylor in terms of compelling delivery.
We are living in a time where warfare will be fought through cyberspace and probably soon will be robots from different nations fighting each other not wasting a human life. That would be the second best world. The perfect world would have no war and no lies.
You're 78 years old and you're taking a 20 year old and a hoodie on corporate media talking to you about the oldest lair one in the text space as some kind of Truth... Think about it more. This is a technology space not a cult
He only talked about ETH. What does one have to do with the other? BTC tends to become money, ETH decentralized computer. Why does he feel threatened when there are two different things competing for something else?
I highly recommend Expert Rosie as the most capable trader I’ve collaborated with. She manages my forex account with precision and consistently produces outstanding profits.
Jack Mallers, what a powerhouse leader! He has inspired me to purchase tickets to BTC Prague 2025 and march my ass from Australia to the Czech Republic next year. Well done!
@PoboyMusic yeah don't know how he gets away with it he was up to the same tricks with Apple. How anyone takes time seriously 🤔 ua-cam.com/video/o0ubyF1fPtU/v-deo.htmlsi=-PFGt7r8GinsAKo2
@dudleydooright saylor said bitcoin was going to zero in 2013 and it took him another 6 years to buy some. He also said eth would never get an etf. Lmao
This is the most mind-blowing Bitcoin video that I've ever seen. I had never compared physical and abstract power before. This is a fairly rigorous proof of 'There is no second best'.
An unexpectedly engaging presentation. Some may wish to turn the playback speed up for the first quarter or so of it though because it starts off slow and basic. Or one could just listen to last part starting at 31:46 on to get to the meaty conclusion part where he presses home the difference between PoW and PoS. I've never been interested in ethereum myself because I don't consider a recreation of the fiat system that requires trusting "higher rank" worthwhile.
Excellent keynote. I love Jack's energy. How can he go back on his way to rabbit hole and explain this again and again so well? Thank you for that, Jack!
Fantastic Key Note.... Jack Mallers your Presentations are so well thought through and simply explained to really educate us all so deeply. Thank you for the work you do for Bitcoin and for all of us.
I don’t think I’ve seen a presentation from Jack and not liked it. They’re always so informative. I’m really hoping Strike comes to the UK soon so I can support his company!
Interesting. Can we see any irony in that statement? “…hoping Strike comes to the UK.” Why would it need permission to come to any country ? If it were just a protocol, if it were decentralized, then you just use it. There’s no such thing as getting a license, or opening in country X. Is Bitcoin, or ETH, or Solana available in UK ? Of course - just go ahead and use it. There’s no such question. Rather, let’s ask : why don’t you just go ahead and use Strike ? I could answer this one succinctly, but what do you think ?
I can see BTC's PoW link to physical power while the supply is still being extracted via mining. How will the relationship between BTC and physical power (electricity) continue once the remaining supply has been mined?
Well explained. Thank you for bringing up this video, Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject... Regardless of how bad in the economy I still made over 140k this month on trades.
Jack is the man! Super smart young man raised right! He deserves everything he has coming from this world to him for his willingness to educate us all in this new amazing technology that will change how we interact with commerce!
What about something like litecoin and Bitcoin cash? They use proof of work and bounded by physical constraints, but they are just not as successful as like bitcoin
36:52 Well there you have it folks. Its NOT about attacking from the outside. The weakness is attacking from the INSIDE, meaning, control the mining power. Mining is getting more and more centralized, aka huge farms. Just a matter of time that Blackrock et all gets majority stake in them and in theory push any change they want to the network.
There is lots of BTC hype & many conferences but very few of the World’s 65 million millionaires seemed inclined to fight over this supposedly scarce commodity. Very, Very slow to catch on! Everyone on my street would be a millionaire if they were mortgage free. I bet I’m the only guy to own more than 1 BTC on the block and I’m 73. The Value really hasn’t gone up in four years. I think a BTC will be worth $65,000 a year from now. It’s peaked.
WOW!! Jack, you left it all out there on the stage, everything you got!! That was amazing! You finally made clear in this one, very difficult at times, presentation, what the tremendous difference is between BTC and every other alt coin! And you made it clear what Proof of Work actually is and why it's so important. And you broke down so clearly how important and life changing the miracles that were Adam Back's and Satoshi's work were!! THANK YOU!
2:25 a merge mining coin in the top 10 is reliant on a POW coin that's got a smaller market cap. What's the energy usage of lite coin? #change the code & hardfork btc to it lol
Jack, Jack, Jack Mallers! Bitcoin is bound by Physical Power (PoW). Everything else--Alt coins, Fiat Currencies are bound by Abstract Power--There is no spoon.
I absolutely agree with Jack that Bitcoin is fundamentally different than everything else in the crypto space. However that does not mean that investing in Eth or Sol should be admonished. Bitcoin is 100% digital gold (perfect money) But there’s nothing wrong with taking a small percentage of that money and investing in projects with potential like Solana or Ethereum. Yes it’s risky, these “crypto companies” are highly centralized proof of stake networks but so what? If you had invested $1,000 into centralized Facebook 20 years ago you’d be sitting pretty right about now. I firmly believe a few of these alt coins are going to be the new Apples, Facebooks and Googles of the coming crypto revolution.
As I often remind fellow traders, it's essential to make the most of each market we enter. Right now, Bitcoin day trading is at a high point, and Coach Garrett Eaton’s insights have been incredibly valuable with his spot-on predictions. Definitely a 5-star guide!"
If you know Garrett Eaton, then you must be a successful trader by now honestly. However i must confess that his technique is very different when it comes to Bitcoin day trading.
Great talk but it only summarizes a very small part of the book. Still waiting for people to have the balls to admit publicly that Bitcoin is a warfare protocol.
"Not having to waste human life to defend monetized wealth is worth every watt" - I have never heard Bitcoin's energy usage defended so eloquently. Yes, it takes a lot of energy - it doesn't kill 150,000 people (the estimated deaths from the Iraqi War, which is a war being fought over oil).
That was virtually the best presentation among many by Jack. I'd like to give him a physical hug and buy him a physical beer as my proof of work.
He didn't say why Doge wasn't equally as good though
@@zootsoot2006 Dodge coin has no maximum supply and every minute a new dodge coin block is mined. Satoshi made Bitcoin´s clock slower. The average block creation time is 10min. Satoshi did this for safety reasons. For an limited supply, he included the halving code. This is great to control the inflation, especially in the long term. So we have a bitcoin production that ends in the future (four year halving code). And at some point lost keys will make bitcoin a little bit deflationary without negative effects.
@@zootsoot2006 It fails to serve a market need not met by Bitcoin. It would be like someone else printing their own dollar bill after the world is already using the dollar.. and expecting it to become the primary currency, when it functions in the same exact way.
@@zootsoot2006 maybe because it is obvious. Just the most energy consuming network can survive. Others can be easily 51% attack by the strongest network... POW guarantees that there will be no second best.
@@zootsoot2006 Just look at their respective Hashrates. That should be evidence enough.
Honestly a couple points here nearly brought a tear to my eye.
“Not having to waste human life to defend monetized wealth is worth every watt.” Fucking profound and utterly beautiful. So grateful to live in a time where we have Bitcoin and therefore have a chance.
With this presentation, Mallers rivals Saylor in terms of compelling delivery.
Never heard of him until this and now he is a must listen figure in Bitcoin.
We are living in a time where warfare will be fought through cyberspace and probably soon will be robots from different nations fighting each other not wasting a human life. That would be the second best world. The perfect world would have no war and no lies.
So Vitalik was basically saying "I would rather be in the Matrix, because I can bend the unreal spoon as I want"?
He thinks he is "The Creator". 🤦♂️
Yes he likes playing God.
yup
Yup. He wants to be God-like in his world
Yes.
Holy Moly!!
I got it!!
Thank you!!
I am 78 years old and a bitcoin fanatic!! Now I know why!!!
Again!!! THANK YOU♡♡♡
You're 78 years old and you're taking a 20 year old and a hoodie on corporate media talking to you about the oldest lair one in the text space as some kind of Truth... Think about it more. This is a technology space not a cult
@@marsenault9683what?
Adam Back is a legend. Great that Jack give him the credits he deserves.
Yeah, that was great! I didn’t know about this guy until now. I love hearing about the pioneers that made it all possible.
@@BookLabBjornAdam Back with Nick Szabo is the most probable man to be Satoshi.
Satoshi
@@arbo3495 Hal and Len
@@gnimensky they're also good candidates but in my opinion less probable.
WOW! Jack did one of the hardest things in tech, explain a complex subject into a digestible explanation for all people to understand.
He only talked about ETH. What does one have to do with the other? BTC tends to become money, ETH decentralized computer. Why does he feel threatened when there are two different things competing for something else?
Eth is a piece of 💩 and BTC is the real deal - it’s actually very simple. 😂
If you use Mallers’ Strike App, who writes to the ledger ?
What PoW is used on Lightning Network ?
Or Liquid, or Fedi, etc.
First Saylor and now Jack? Fantastic!
Best keynote of the conference!
Sailor
There is no second best
Get real.
Stunod*
I want to begin earning through Bitcoin or Forex trading, but I'm unsure how to start. Can someone offer guidance?
Utilizing a truly exceptional broker or account manager for trade assistance or signal provision can lead to profits in the market.
I highly recommend Expert Rosie as the most capable trader I’ve collaborated with. She manages my forex account with precision and consistently produces outstanding profits.
Rosie Harley's strategies are very effective. Although I don’t know her personally, her methods have consistently produced successful results.
This is the second time Rosie Harley has traded for me, and I must say, her expertise has had an exceptional impact on my life.
She has been trading for me as well and helped grow my capital from $1,000 to $13,000. Rosie is the best trader I've come across.
Jack Mallers, what a powerhouse leader! He has inspired me to purchase tickets to BTC Prague 2025 and march my ass from Australia to the Czech Republic next year. Well done!
Softwar is very profound... thank you for taking the time to read it and present chapter 5.8 to the crowd Jack.
I was going to say 15 minutes in, this has Jason Lowery themes all over it
Sorry it's chapter 5.10, not 5.8.. but yeah great talk.
Soft War right?
Great book
Jack is the Maxi of all BTC-Maxis. I loved your keynote in Prague - second to none!
His talks are getting better too. More concise. To the point. Sensical. 😎
Nah, he's but one of Many Supreme Maxi's.
Hello , I wish to start investing but i dont know where to begin. Any advice or contact for help?
As a beginner, it's essential for you to have a guardian to keep you accountable. I'm guided by Evelyn Elaina Nala
You need a pro or someone good at navigating the market. Someone like Evelyn Elaina
Same here. Evelyn managing my portfolio was my best decision. I have withdrawn over 280k
Almost gave up due to constant losses, but Evelyn turned my luck around
Leveraging market changes is a remarkable talent Evelyn has
Amazing presentation. Shoutout to some of the Jason Lowery references as well.
JACK is Saylor 3.0 - a young genius.
If Saylor and Michael J. Fox had a baby.
They are both grifters
@@PoboyMusic You spelled 'geniuses' wrong.
@PoboyMusic yeah don't know how he gets away with it he was up to the same tricks with Apple. How anyone takes time seriously 🤔 ua-cam.com/video/o0ubyF1fPtU/v-deo.htmlsi=-PFGt7r8GinsAKo2
@dudleydooright saylor said bitcoin was going to zero in 2013 and it took him another 6 years to buy some. He also said eth would never get an etf. Lmao
This is the most mind-blowing Bitcoin video that I've ever seen. I had never compared physical and abstract power before. This is a fairly rigorous proof of 'There is no second best'.
Absolutely AMAZING educational talk. EVERY bitcoiner should take the time to watch these 45 minutes
Madeira jack breaks down gigi. Prague jack breaks down lowery. Excellent. Softwar is EXTREMELY undervalued
Now just waiting for someone at these conferences to give the "Bitcoin is literally a warfare protocol" talk
You nutshelled it perfectly 😊
What an EPIC presentation by the one and only, JACK MALLERS!!! 👏👏👏👏
I clapped out loud in my living room. Thank you.
whut
I was there. The only talk I saw that day. It was inspiring and awesome!
you were there physically :)
This was the best speech I’ve heard in a while
An unexpectedly engaging presentation. Some may wish to turn the playback speed up for the first quarter or so of it though because it starts off slow and basic. Or one could just listen to last part starting at 31:46 on to get to the meaty conclusion part where he presses home the difference between PoW and PoS. I've never been interested in ethereum myself because I don't consider a recreation of the fiat system that requires trusting "higher rank" worthwhile.
Kaspa is proof of work and the only coin that solve the trilemma.....
its not just proof of work that differentiates bitcoin. its the non profit motive, immaculate conception too.
Jack is philosopher, and a good one.
He's a physicist. Bitcoin is physics.
Jack is the best!
Excellent keynote. I love Jack's energy. How can he go back on his way to rabbit hole and explain this again and again so well? Thank you for that, Jack!
Fantastic Key Note.... Jack Mallers your Presentations are so well thought through and simply explained to really educate us all so deeply. Thank you for the work you do for Bitcoin and for all of us.
YOU FRIGGEN NAILED IT JACK MALLERS !!! LOVE IT !!!.. THANK YOU. Proof of Work Yes Please !!!
I don’t think I’ve seen a presentation from Jack and not liked it. They’re always so informative. I’m really hoping Strike comes to the UK soon so I can support his company!
Interesting. Can we see any irony in that statement?
“…hoping Strike comes to the UK.”
Why would it need permission to come to any country ?
If it were just a protocol, if it were decentralized, then you just use it.
There’s no such thing as getting a license, or opening in country X.
Is Bitcoin, or ETH, or Solana available in UK ? Of course - just go ahead and use it. There’s no such question.
Rather, let’s ask : why don’t you just go ahead and use Strike ?
I could answer this one succinctly, but what do you think ?
I can see BTC's PoW link to physical power while the supply is still being extracted via mining. How will the relationship between BTC and physical power (electricity) continue once the remaining supply has been mined?
this is awesome one of his best presentation, its his ability to explain the topic in his own way
So... why does blocks of data linked in chain is worth physical $?
That movie with the spoon was Dogs and Tractors, the first movie directed by cats.
Well explained. Thank you for bringing up this video, Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject... Regardless of how bad in the economy I still made over 140k this month on trades.
I would really love to know how much work you did put in to get to this stage.
Please how? I tried trading all alone last week, but end up loosing $5K
Sonia dickson strategy has been instrumental in helping me navigate the past few months. Without it, I don't think I would have made it through
I'm new at this, please how can I reach her?"
she often interacts on Telegrams, using the user name.
Jack is amazing !!!
This was my favourite presentation during BTC Prague 💯
Mallers. You are a legend.
Jack is the man! Super smart young man raised right!
He deserves everything he has coming from this world to him for his willingness to educate us all in this new amazing technology that will change how we interact with commerce!
the best of Jack's presentations
Thank you for sharing the deeper thoughts with all of us here.. 🙋♂️🙂
This is really profound. I’m grateful to be hearing it and thinking about it.
I am proud to be able to say that I am on the same team as Jack Mallers (and Michael Saylor).
What about something like litecoin and Bitcoin cash? They use proof of work and bounded by physical constraints, but they are just not as successful as like bitcoin
36:52 Well there you have it folks. Its NOT about attacking from the outside.
The weakness is attacking from the INSIDE, meaning, control the mining power. Mining is getting more and more centralized, aka huge farms.
Just a matter of time that Blackrock et all gets majority stake in them and in theory push any change they want to the network.
There is lots of BTC hype & many conferences but very few of the World’s 65 million millionaires seemed inclined to fight over this supposedly scarce commodity. Very, Very slow to catch on! Everyone on my street would be a millionaire if they were mortgage free. I bet I’m the only guy to own more than 1 BTC on the block and I’m 73.
The Value really hasn’t gone up in four years. I think a BTC will be worth $65,000 a year from now.
It’s peaked.
Straight out of softwar. Thank you
Thank you Jack for explaining what Meta/Facebook is. I would have been lost without that.
😂
Bravo Jack. Your message explained the most fundamental aspect of Bitcoin that is perhaps the most difficult to comprehend by people.
WOW!! Jack, you left it all out there on the stage, everything you got!! That was amazing! You finally made clear in this one, very difficult at times, presentation, what the tremendous difference is between BTC and every other alt coin! And you made it clear what Proof of Work actually is and why it's so important. And you broke down so clearly how important and life changing the miracles that were Adam Back's and Satoshi's work were!! THANK YOU!
Incredibly powerful and power-filled, as literally a great grandfather, I say daily, thank goodness for Bitcoin!
Haven’t really listened to him talk but I’m starting to love Jack!
Then how use the blockchain technology for other use cases than Bitcoin in a non abstract power way ?
I like the technical deep dive. The only thing he forgot imo is to explain why other PoW Networks can't be successful.
One of the best presentations ever about Bitcoin
The question that doesn't want to be silenced. Have you sufficiently immersed yourself in the $KAS technology?
I just love Jack Mallers. He is the best. Education doesn't get better than this.
Jack... What a effin visionary! Let's go guys! lets go educate the world
This kid puts in work, nicely done Jack! 🙏💪
1:11 what's the difference between bitcoin and beetcoin?
1:23 is?
1:43 name & network participation
2:05 it's deep in his heart
2:25 a merge mining coin in the top 10 is reliant on a POW coin that's got a smaller market cap. What's the energy usage of lite coin? #change the code & hardfork btc to it lol
Two “ee”s and an “i”. Although it’s virtual as well. Bitcoin is physical.
Kaspa is proof of work
Kaspa means cheap in Spanish
Next level stuff. Great job Jack!
Wow, that was phenomenal. Thank you, Jack!
My boy Jack has been hitting the gym. Look at them delts.
That was gay
Great presentation. Thank You Jack.
Another stellar talk Jack!!
really interesting angle of view and comparisons to physical world
Let’s go jack!!!
So if an alt is pow, then is legit as btc as far as...?
Brilliant presentation. i totally became your fan
This is going to be my top recommended video for someone to refer to on how Bitcoin is different from Altcoins. Amazing Presentation🙏
What's the brand of your tshirt?
Amazing presentation-agree
One of the best talks 🎉
Great presentation. You should have mentioned you took lots of examples from Jason Lowery dissertation though
Jack is the uncrowned king of all conferences
Jack, Jack, Jack Mallers! Bitcoin is bound by Physical Power (PoW). Everything else--Alt coins, Fiat Currencies are bound by Abstract Power--There is no spoon.
I absolutely agree with Jack that Bitcoin is fundamentally different than everything else in the crypto space. However that does not mean that investing in Eth or Sol should be admonished. Bitcoin is 100% digital gold (perfect money) But there’s nothing wrong with taking a small percentage of that money and investing in projects with potential like Solana or Ethereum. Yes it’s risky, these “crypto companies” are highly centralized proof of stake networks but so what? If you had invested $1,000 into centralized Facebook 20 years ago you’d be sitting pretty right about now. I firmly believe a few of these alt coins are going to be the new Apples, Facebooks and Googles of the coming crypto revolution.
One of the greatest minds in Bitcoin. Absolute legend.
Profound. Original. Life changing. Extraordinary.
Not original.. 90% of this presentation is just presenting chapter 5.10 of Jason Lowery's thesis that was released in Feb 2023
@@PrimordialEconomics ok
Absolutely amazing presentation
“Bitcoin is the only cryptocurrency that uses proof-of-work”
Is that true? 🤔
Kaspa.
No.
There are 144 Cryptocurrencies that are proof of work.
As I often remind fellow traders, it's essential to make the most of each market we enter. Right now, Bitcoin day trading is at a high point, and Coach Garrett Eaton’s insights have been incredibly valuable with his spot-on predictions. Definitely a 5-star guide!"
What do I need to do as a newbie? How can I invest, on which platform? If you know please share. I'm new here, how can I contact him please?
He's mostly attend on Telegrams.
@GarrettEaton ..that's it
I would like to be part of this success... 💕💕I need to get in touch with Garrett immediately. Thanks for the info 👍👍
If you know Garrett Eaton, then you must be a successful trader by now honestly. However i must confess that his technique is very different when it comes to Bitcoin day trading.
What happens to proof of work when energy becomes infinite and costs zero due to nuclear and other technical breakthroughs?
What if all the goodness of bitcoin is consolidated into only 3 mining pools? Does that change things? And huge footnote to lowery book on this talk.
It's about time JPL got some respect and mention.
Very good talk. Excellent talk Jack. It will go down into the annuls of great bitcoin talks
Best summary of the book Softwar I've seen so far 👌
Great talk but it only summarizes a very small part of the book. Still waiting for people to have the balls to admit publicly that Bitcoin is a warfare protocol.
Wow it's awesome! Thank you Jack
Bravo Jack 👏
That was an awesome explanation 🙏🏾
Brilliant Jack! You are so much better without the F words. Thanks sir!
Broke it down as many comments say but I'm still confused !! 😕
You are brilliant Jack.
Excellent Jack! ❤
Exquisite delivery of facts. Paradigm shift for me. Extraordinary young man leading the way with concrete reality. Thanks Jack! PS I am real 😂
Intro music from Wii Sports?
great presentation jack!!!
"Not having to waste human life to defend monetized wealth is worth every watt" - I have never heard Bitcoin's energy usage defended so eloquently. Yes, it takes a lot of energy - it doesn't kill 150,000 people (the estimated deaths from the Iraqi War, which is a war being fought over oil).
Great content. I absorbed that like a sponge.