Jack Mallers - There Is No Second Best (BTC Prague 2024 Keynote)
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- Опубліковано 27 вер 2024
- “A failure to understand proof of work is a failure to understand bitcoin.”
Jack opens his keynote with this quote by Gigi, and closes this comparison of bitcoin and altcoins: “We can't decide for you. We can educate you.”
Save the date of BTC Prague 2025:
🗓️ June 19-21, 2025
You can't miss that!
🎟️ btcprague.com/...
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 I have withdrawn over 280k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
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.
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.
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.
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.
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
Amazing presentation. Shoutout to some of the Jason Lowery references as well.
Best keynote of the conference!
Sailor
There is no second best
Get real.
Stunod*
I clapped out loud in my living room. Thank you.
whut
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 😊
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
I was there. The only talk I saw that day. It was inspiring and awesome!
you were there physically :)
What an EPIC presentation by the one and only, JACK MALLERS!!! 👏👏👏👏
This was the best speech I’ve heard in a while
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.
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 ?
Jack is philosopher, and a good one.
He's a physicist. Bitcoin is physics.
Jack is the best!
🚀 Crypto Investing Confusion? 🤔 I'm Lost! 🤷♂️ Which Cryptocurrency Should I Invest In and When? 🕒 Help Me Make Informed Decisions and Grow My Portfolio! 💸
Though I started with £15,000 actually because it was my first time and it was successful.
Please how do I go about it, am still a newbie on investment trading and how can I make profit?
I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy.
Thanks to Mrs Mary Allen.
Wow I'm just shocked you mentioned Mary Allen, thought I'm the only one trading with her
Absolutely AMAZING educational talk. EVERY bitcoiner should take the time to watch these 45 minutes
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!
As a newbie about to invest, you must have these four things in mind
1. Have a long term mindset.
2. Be willing to take risk.
3. Be careful on money usage, if you're not spending to earn back, then stop spending.
4. Never claim to know - Ask questions and it's best you work with a financial advisor like Elizabeth Wesley, it will add to your success in the crypto market
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
Elizabeth Wesley was my hope during the bear market. I did so many mistakes but also learned so much from it, and of course from Elizabeth Wesley. She is my number one source when it comes to crypto and TA.
You trade with Elizabeth Wesley too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
The first time we had tried, we invested $1400 and after a week we received $5,230. That really helped us a lot to pay our bills.
Jack... What a effin visionary! Let's go guys! lets go educate the world
This was my favourite presentation during BTC Prague 💯
That movie with the spoon was Dogs and Tractors, the first movie directed by cats.
This is really profound. I’m grateful to be hearing it and thinking about it.
YOU FRIGGEN NAILED IT JACK MALLERS !!! LOVE IT !!!.. THANK YOU. Proof of Work Yes Please !!!
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!
Let’s go jack!!!
Thanks Mate, the sad truth is that no one has a clue, we all react to what happens as it happens and try to analyse it but can’t predict an iota of what is going to unfold in the markets… content creators are like amplifiers, when times are good they affirm it and try to tell you why it’s good and that it’s looking bullish but then all of a sudden the market turns bearish and everyone affirms it again and try to analyse why… it’s so sad that many are so powerless and it's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 2.3Bitcoin to a decent 19Bitcoin in the space of a few months... I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Linda Wilburn program is widely available online.
Thank you Jack for explaining what Meta/Facebook is. I would have been lost without that.
😂
Mallers. You are a legend.
Straight out of softwar. Thank you
Thank you for sharing the deeper thoughts with all of us here.. 🙋♂️🙂
Incredibly powerful and power-filled, as literally a great grandfather, I say daily, thank goodness for Bitcoin!
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.
This kid puts in work, nicely done Jack! 🙏💪
I am proud to be able to say that I am on the same team as Jack Mallers (and Michael Saylor).
Just brilliant.
wow this was inspiring ! thank you so much
Next level stuff. Great job Jack!
Haven’t really listened to him talk but I’m starting to love Jack!
Brilliant Jack! You are so much better without the F words. Thanks sir!
Mind. Blown.
Good lecture! However, it should be noted that physical reality is also only a hologram and is also only an abstract form of the "universe", which can also be "bent". Of course, this is not as easy as with computer code.
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.
Great presentation. You should have mentioned you took lots of examples from Jason Lowery dissertation though
Great presentation. Thank You Jack.
really interesting angle of view and comparisons to physical world
This is going to be my top recommended video for someone to refer to on how Bitcoin is different from Altcoins. Amazing Presentation🙏
Then how use the blockchain technology for other use cases than Bitcoin in a non abstract power way ?
Wow, that was phenomenal. Thank you, Jack!
Absolutely amazing presentation
Brilliant presentation. i totally became your fan
When I run for president my slogan will be “There is no spoon.” Vote for me 2028
Sick rip Jack! Brilliant!!
One of the greatest minds in Bitcoin. Absolute legend.
Exquisite delivery of facts. Paradigm shift for me. Extraordinary young man leading the way with concrete reality. Thanks Jack! PS I am real 😂
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.
It's about time JPL got some respect and mention.
Mind blowing
So if an alt is pow, then is legit as btc as far as...?
Thank you Jack! ;D
Wow ! Awesome!
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.
I like the sound of the waves on the beach.
Is that what that was? Call me clueless. lol. I had no idea. I thought it was some weird fan or whish with the audience the entire time. 😂
@@BradGrayable In fact, I have no idea. I just wanted to address those strange sounds without killing the mood. 🤠
They've tried to use Noise Gate which removes background noises in post edit. But they didn't use enough so the background filters in every time he stops speaking.
@@dwayneslens Thanks for explaining. 😀
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
Strike in the EU seems to be closed on weekends. I transferred money from Revolut on Saturday and Strike didn't add it to my account until Monday. I won't bother with Strike until they realise BTC is 24/7
Jack Mallers, what a legend!
This should have 1 billion views
one day, it will.
That’s just brilliant Jack…thank you
“Bitcoin is the only cryptocurrency that uses proof-of-work”
Is that true? 🤔
Kaspa.
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.
That was an awesome explanation 🙏🏾
i fell like i just did a Phd
Kaspa is proof of work
Kaspa means cheap in Spanish
Intro music from Wii Sports?
Well done Jack! Even Michael Saylor has never explained this as well!.
#14 "Be for Bitcoin, not against Fiat [the other thing]" - Michael Saylor
Excellent
The only thing missing from this presentation was the mic drop at the end 😎
Wow it's awesome! Thank you Jack
This dude doesn't know about Kaspa, the return of Satoshi Nakamoto. May don't realize that Bitcoin was Kaspa's testnet.
Amazing. Amazing.
Jack the goat
This is fantastic.
Mind-blowing 😮❤🎉
Excellent Jack! ❤
Is funny how he doesn’t mention Litecoin at the beginning because Litecoin is Bitcoin but cheaper and faster.
Amazing 😅
Great Vid. Thanks Jack Mallers.
Jack Baller Mallers - wise beyond his years.
What happens if quantum computing reduces the time and energy required to zero.
Legend!
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
Amazin'. Thank you!
Hot take satoshi is either if not just 1 person Micheal sailor! Think about it it makes a lot of sense. But if not him i think it's a group of ppl who created btc and some aren't with us anymore perhaps also it made me wonder if the name itself isn't an acronym for the ones who created it but they wanted it to be not centralized or owned by any one person or group of people so they made this up. Maybe I'm wrong IDK just a theory i been working on
Crazy talk