The Full Jack Mallers Announcement at the Bitcoin 2022 Conference
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- Опубліковано 5 лют 2025
- Bitcoin 2022 Conference - Full Jack Mallers Announcement
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#bitcoin2022 #bitcoinmagazine #Strike
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Successful people don't become that way overnight. What most people see at a glance wealth, a great career, purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life
I've been thinking of going into some kind of investment like Gold, Stock and Crypto:
I don't know which one is best at the moment
I agree with you it has been an eye-opening experience :)
Investment is the key to achieving success with the current pandemic
I see she's really spectacular
Please tell me more about her trading strategies:)
Thank goodness for UA-cam! I was able to fast forward 50 years!
Thank goodness for Jack❗️🇦🇺☕️
Thanks to Jack
Crazy to think how fast Strike has come along since Jack's last talk. Fucking inspirational man
You're Amazing ! Love it Jack. (From a 66 year old boomer with BTC) We're not all out of touch, Ha!
We aLL KNOW THAT :)
Lit
The best presentation of the conference.
The passion of this guy, changing the world.
INVESTING IN CRYPTO NOW IS VERY COOL EXPECIALLY WITH THE CURRENT RISE IN THE MARKET, ACT NOW.
That is true I've been trading for years and it has been my source of income,
I earned $89,400 on every 19,000 I invested with 7days trading,
Don't remain poor out of ignorance forex trading is lagit and it's pays
And I think the better day has finally come invest in forex trading and ragain your balance.
You are absolutely right
I need more Bitcoin.
Love the message, the concepts, and the announcements. Subtract the boomer bashing, screaming, and arrogance and you'd have twice the impact in half the time.
This was just a bunch of hot air. Also conveniently failed to mention Bitcoin's Achilles' heel as a payment tool (volatility).
@@kajakjohlopi7843 You probably didn't understand the presentation if you mention this. Bitcoin volatility does not matter here.
Well said Pablo.
@@kajakjohlopi7843 did you even pay attention?
Yeah the crypto community loves to hate on boomers. They aren't wrong for being furious, but they are wrong for being loud about it.
Man i feel bad for the camera guy for having to continue panning left and right on the camera for 44 minutes 😂
one must imagine the camera man happy
and when this will be available in all the world?
*My new favorite speaker*
Keep it up Jack! And never be sorry for being who you are.
Goodness the livestream chat was so toxic to him
Jack Mallers just made Bitcoin de facto legal tender in the US.
Crypo currency and NFTs will outsmart the banking system in the nearest future serving as a global fiat. Already making 85% profit from my current investment with a professional broker, Mrs Judith Callen.
I'm surprised you know her too, I've been making a lot of profits investing with her for a few months now.
Mrs Judith changed my life because of her huge profits i got from investing with her.
You invest with Mrs Judith too? Wow that woman has been a blessing to me and my family.
I was skeptical at first until I decided to try. It's huge returns is awesome! I can't say much.
@Nessa Shannon You can reach her on TELEGRAM 👇
What do you tell the checkout person you’re paying with? Bitcoin or strike?
Legend. This is huge
Has anyone else noticed that videos related to this Bitcoin 2022 Conference aren't showing up in UA-cam's history feed? It's odd. I watched two videos that covered this event earlier, along with quite a few other videos. The two Bitcoin videos are the only ones now missing from the history page.
Niiiiice. Mr. Jack Mallers. Niiiice. Thank you., the future looks brighter.
The cameraman taping this conference woulda been like "Dude, stay fucking still man!". 😂
What’s the largest transaction size you can do?
lol at the Elisa bots. 🤦♂This is massive!!! Thanks for the video!
Does he go into the centralized hubs that exist on Strike?
One of the reasons I love bitcoin is the community.
A huge deal about this is also FX fees, people who travel a lot will save a lot of money in conversion fees. Imagine traveling with your lightning wallet, without worrying about currency exchanges, FX scams, or poor conversion rates. That's insane!
This, ladies and gentlemen, IS CAPITALISM. Jack is unlimited.
Just a basic question. Do UPI payments through QR codes also use Visa/Master Card network?
Just witnessed one of the most important presentations to hit this century, a truly gifted and talented guy
no he is just a showman ! He left out that there is an exchange in the middle and if the shop receives USD two more banks are involved. The bank of the exchange and the bank of the shop.
After all if the buyer or the seller do not chose the same currency. It essentially is the very same as the Visa network !
@@jamesb.492 Wrong, you don’t understand the lightning network or Bitcoin
@@nolendonovan3821 actually he's half right. The system relies on Strike and their funds transfer company Prime Trust to convert between bitcoin and USD and to move the funds. The banks aren't involved. Strike does this for free for now because they are running on venture capital, but eventually someone will want to get paid. The important announcement imo is that its an open standard, so other companies will be able to take the ball and run with it if they wish, and eventually compete with each other.
@@jamesb.492 So let's say that BTC network does exactly the same thing that VISA does. That is still superior being decentralized, open, borderless, censorship resistant and neutral
The fact that this vid only got 2.7K likes, shows you how FKN early we are. If you own bitcoin right now, you are a first mover. If you have owned it for years, you're more than fabulous.
I really dig this. Can't wait for this to launch in Europe. After the EU has unbanned private hosted wallets of course. Yeah, we really don't have the brightest leaders over here...
Hello everyone. I'm actually looking for a good trader that can help me trade and make good profit... But it very hard to see trusted one..Any idea?
Trading forex is a good business one can think of doing but most newbies usually undermine and neglect the importance of technical analysis with regards to trading
@@danirose4816 What do you mean by technical analysis and how can someone apply technical analysis during trade
@@johnanne6763 Technical analysis overly predicts the movement of assets prices regardless to what is happening in the wilder or broader market. Essentially,the procedures involves studying the paths of a particular asset movement in the past so as to establish a sustainable pattern that can be used to predict future movement of an asset.
@@danirose4816 Accurately spoken
@@RichardmFrost Most people today have been having failure in forex sector and crypto sector because of poor orientation and bad expert
Forgive my ignorance but how does this work regarding BTC transaction fees? Merchant pays? Or, I buy BTC & pay transaction costs, and then buy product and pay again? Totally in favor of crypto and this method of defi but what are the actual costs to consumer? Currently, merchant covers 2.7%-3.5% merchant card fees.
Neil Armstrong: “…a small step for man, one giant leap for mankind.”
Jack Mallers: “&@!”
Exaltation and vulgarity in the same presentation. I wish I could feel exhilarated.
But I give thanks to you Jack. You are a brilliant and important young man. Well done.
Mindblowing! Maybe I dont understand, but: what about the conversion from Bitcoin into Fiat, is there a margin? Who takes that margin? Thanks alot for clarifiying.....
If i send 100 usd and the receiver gets 100 usd how does strike makes money? something is not right here
They mark up the bid ask spread of bitcoin a fraction of a %
he may have exaggerated, i believe there is a lightning network fee but its so small its barely noticeable we are talking .001 cents
What's the name of the song they played when Jack came out?
This guy for the Crypto space is what Tom Holland is for Spiderman. Brings Hype and hope! Legend mate!
Even then, I havent seen Tom Holland so hype
Tom Holland is the worst spiderman yet lmao all been downhill since civil war
Wow! The news media refuses to talk about this awesomeness! Excellent news!!! 👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👍🏽
Let's say I buy something using my bitcoin and the merchant takes funds in US dollars. Technically, I just sold some bitcoin and therefore owe some capital gains tax (albeit small). How is this tracked/reported? Or are we to ignore this little detail?
How about the how much transaction fee can be saved and dispute mediation process ?
Awesome thanks for describing the XRPL!
except the XRPL settles on chain and the lightning network is an internal private ledger like the central banks want... Just say shit, fuck, and boomer a few times and everyone will get laser eyes and start drooling. Then lets not forget the "no intermediaries" that magically turn fiat to fake lightning bitcoin then fake lightning bitcoin back to fiat.
@@willbone3036 yup. Lightening network is a glorified prefunded credit card scheme.. but with a volatile asset. Beside no front end user gives a rats ass about how things settle on the back end as long as its fast and cheap. The BTC maxis are desperately trying to find a use case for BTC.
BTC was doomed from the whitepaper.
Did you hear about UTRUST and Elrond Network? 😀
It's great.. But you can do that fiat transfer process on any network on second layer
Mallers gone Beast Mode!
Thanks for advertising XRP exactly great work man
How will NCR earn in this new platform?
Wait... Where can I spend crypto/BTC using a Square terminal in real life right now? I can do this at the grocery store right now?
The announcement that Strike has partnered with Shopify, Blackhawk, and NCR is massively bullish news and has not yet been priced in. 🚀🚀🌛🌛
People are going to be furious when they realize they have been fooled. There is no such thing as a Euro or Aussie stablecoin. The lightning network doesn't have access to a decentralized exchange! Strike I would imagine does the transactions to the native nation currency through centralized off ramp exchanges. In other words it's almost the same thing as his 1949 caviar club!
It's always priced in. The market sees all and knows all 👁
Cool!
Is this going to work worldwide?
Or just US?
El Salvador is using Strike network for their payment rail.
My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in the US.
Ivy, As with any big financial decision, it’s important to keep your guard up for economic risks. However, smart planning, time management and seeking advice from a financial adviser can help keep you and your money safe.
I agree with you. I ventured into stock with less than $100,000, and now I'm about 17,000 short of half a million dollars. Credits to Nicole Deanne Mckay. She's verifiable.
@@claradidi7573 Thank you! i just looked her up and sent a message hoping she gets back to me.
@@claradidi7573 I just looked up this person out of curiosity, and surprisingly she seems really proficient. I thought this was just some overrated BS, I appreciate this.
This is incredible. Great presentation. This technology is changing the world.
Nice to see young man to come up with live changing solution, instead of waisting their time on TikTok.👍👍👍
Shouldn't we see a drop in product prices as this network is adopted and merchant costs (fees to Visa, etc...) are eliminated?
You would think, but if you read between the lines; rich kid who was turned onto bitcoin by his old ass "boomer" father, then you would realize this is a case of how can we milk the populace of even more money! Like any new product, prices are low to attract new customers, then once they got you, BAM!
This isn't new, FLEXA/AMP token already does this.
Interesting message and concepts. Really exciting technology and thoughts put into the future of payment rails. Great stuff! Profanity, however, has no place in public speaking. It's unprofessional and gives the impression of insecurity. Let's elevate our speech in public. Otherwise, I dig it.
Exchange should be an option at every point of sale. Every consumer should be able to spend what they want, while the merchant can receive what they want to earn, with low slippage. This I believe should be part of the dream payments network.
Peter Thiel: Bitcoin isn't good for payments
Jack: Okay, boomer
😂😂😂
Some comments contain the phrase “who would sell their Bitcoin”. That’s another way of saying “I don’t understand how this works”. It’s about payment rails. Analogous to the old phone companies when the internet came along. Their private networks became a competitive disadvantage because of their cost. Visa/Mastercard payment rails will be in the same situation when payments can be settled without them.
Jack Is the Jack Mallers of our time
totally agree to an alternative paying system, but is it really better? does strike asks any fees? because it looks to me, customer ---> exchange to trade dollars in usd ---> bitcoin network ----> exchange to trade btc in usd ----> shop. We are basically wassaaaping each other the same. Correct me if im wrong. Plus on top of it theres to consider that to buy btc i pay fees to the seller, to send them from segwit to lighting i pay fees, if my 100dollars become 94 just because i want to use the system, is it really convenient? did i make any mistake in my toughts ????? i mean, i would totally pay that premium for freedom, but im not sure the masses would care about freedom, they would care more about convenience i guess.
This conference was outstanding
Amazing young guy✅✅✅✅love this video 🇦🇺☕️
Most informative video I’ve seen on crypto yet and gives me a bit more confidence to invest myself. Only thing i dont understand is the whole staking your crypto for a return? What does this mean and are you at risk of your coins being devalued by doing so?
No, your coins wont be devalued..investing your cryptos would rather yield you more income than holding blindly.
As a first time investor I started trading with Elisa Deborah Ramos with just a two thousand bucks; her initial investment then. Now I keep making over $12,100 trading with her weekly, Her professional strategies are really mind blowing
first start working with a professional trader if you have any. if you don't, I'll recommend Elisa Ramos to you, She's really one of the best traders i'd trade with.
@@4475-r2u wow!! i trade crypto under her expertise too. I just withdrew my profit of over $9,000 two days before now. I am glad i invested with her company. I still reinvested and the trade is ongoing. Her investment strategies is a top notch.
Wow, amazing to see who trade with Elisa Deborah Ramos .I am currently on my 6th trade with her and my portfolio has increased tremendously.
This is some crazy information right here, WOW
Revolutionary innovation
So let me see, strike buys up all the Bitcoin is this what this is about>?
So who pays to miner and how does app company make profit?
@@fannys941 It's all done on the Lightning network.
I wonder if this video is shadowbanned. Maybe it’s me but I cannot find it on the UA-cam channel.
Yo Jack ! Bang bang that was awesome man !
cant get cash app in Australia ATM, WTF??
strike either??
This is what people want and he brings it on a silver plate 💖
Wow I'm really impressed
Jack Mallers is a legend
A card or your phone and it works fine, the only benefits to using Strike would be for the merchants & I don't really care if Starbucks can save 3%. Maybe I'm missing something.
The more money a merchant saves, the less they have to charge. You don't think prices reflect that they have to spend at least 3% to process your transaction? It won't be immediate, but as adoption grows you might see a world where you get a discount if you use the lightning network.
@@cloudstrife543 So the point in this innovation is that we get a might couple of % off our groceries in years to come? We're screwed with inflation anyway.
@@wildist there is more to it than that. The velocity of money is increased 1000x because of the removal of settlement times. That means more efficiency in the system, business have working capital instantly. It's hard to imagine but the implications are great. Also, it increases the adoption of the network indirectly, which furthers the ideals of Bitcoin itself. I am sure there is more, but I'm not the smartest person in the room.
As a small business owner here, yeah, you are missing something lol
Keep going.
No one wants to spend their sats.. how are we gonna change that?
Spend and replace. What's the problem?
Fucking respect
Great exciting announcements! I’m going to sign up my business.
The camera man must hate him, hahaha
Jack you stud, killin it my dude.
For merchahts that have staff collecting tips this is not only 2-3% savings on fees from Revenue but another 2-3% in The fees we pay to process Their tips. Big savings
I truly admire Jack
I have a question - how will we convince consumers to use the lightening network, when they can use the legacy credit cards and still save their 2%?
This seems like really the only hurdle
Great question. Merchants could give a 2% discount on the purchase.
save in bitcoin spend in dollars:
The privacy aspect will become more and more crucial. As far as I see, that use of Lightning Network will allow us challenging the coming CBDC (digital dollar, Fedcoi, Panopticoin - as you want to call it), by using dollars and BTC as privately as if it was cash. No 2% cashback, not even a 10% one, can pay the right to be free.
@@lyfestiles this is actually pretty easy, if it’s an online merchant.
I can’t imagine going into a Chipotle and seeing “2% discount if you pay on the lightening network” or “2% added fee if you pay with credit card”.
You would need to convince every brick and mortar to have 2 separate prices for their goods. No way this happens.
U can offer like 10% discount of all purchases using lightning network. Consider it a marketing cost
How was he able to pay through his cash app with it said his balance was $0?
He paid with his bitcoin balance on CashApp, he had a zero balance in dollars. You can pause it at 33:43 and see that it shows he paid with 7k Sats
@@TheDeezelsmoke oh ok so he didn’t have to switch to his sats balance first? I don’t really understand cash app. I’m in the U.K. and it doesn’t have a Bitcoin section. £ only
@@erickstanza8782 I think it must default to that if you have $0 usd, but I haven’t tried it myself
That Bud commercial was so funny in the super bowl... WUZZUUUUUUPPPP!
Hello, I've been hearing people testimonies about cryptocurrency, but I don't understand how it really works. Can someone guide me on the right approach to trade in cryptocurrency and make good profit from bitcoin and stocks investment
with her my trade journey has been successful, Irrespective of the economic crisis this is the best time to invest in crypto and gold, and I'm glad I'm making some profit.
As a first time investor I started trading with laurel kiana with just a thousand bucks. my portfolio is worth much more than now within just weeks of trading with her.
How can i get in touch with her?
@Villella Stephanie thank you
If you’re gullible it’s your fault
his old man must be so proud !
What an amazing young man - i truly believe he'll change the world !
1:03 Thats ME!!! "Pay Me In Bitcoin BABY!!!"
You can also eliminate the middlemen by paying cash, nobody knows who bought what from whom or for how much!
strike is the middle men... who exactly is turning this fiat to crypto then crypto to fiat without a middle man.. dude got up there and straight lied to everyone and now they bullish
What's the point of all this? Who would want to use their bitcoin to buy stuff?
@@jacesnow2035 Ok that makes sense. I didn't understand it at first.
Spend and replace! What's the problem?
This news was so great!!!! that everyone immediately started selling and left us with a 41K dollar bitcoin price 🤷♂️🤷♂️🤷♂️
@@ThePoehladian meaning?
@@danielsanders1212 means everyone will get btc at the price they deserve.
@@CollaborateOrDissent wow beautiful said but dumb conclusion if you think about it. You get btc at the price you think it’s worth and right now people think it’s worth shit obviously.
@@danielsanders1212 42 thousand dolars its the price of shit to you??? Hahaha
@@CollaborateOrDissentin comparison to the so called “price expectations” and “predictions” 100k, 1 million dollar bitcoin price predictions well they don’t finished dumping yet. And the more and longer you stay in this box between 40k and 46k the harder it will be to break resistance.
Same vibe as Internet 2001. Think about it
95% of all traders fail” But no research paper exists that proves this number right,that why I will be forever indebted to you mrs pale Magret, and this channel i have made huge profits on my trades , despite that Among all day traders, nearly 40% day trade for only one month. Within three years, only 13% continue to day trade. After five years, only 7% remain
I do trade but don't get the success I desire, how can I improve this.
@Brian well I am still a little surprised that there are people who do not still know how to earn from trading.
@Brian I am not a professional guild but I have a professional guild that does the trading for me.
@@chrismac7731 I think that's exactly what I need, I need someone to help me get started.
Please a recommendation of someone will go a long way.
The question here is, unless merchants ONLY use the Bitcoin payment network the accept payment why will a consumer this method as it has no real benefit to them. Except for the immediate settlement. Besides this, banks offer cashback and protect you against bad merchants by reversing transactions that are fraudulent or made in error. Can someone explain how the Bitcoin network adds value for the consumer since they're the ones paying.
You're thinking too small. It will start with early adopter bitcoin activists like those watching this video and in the audience. Jack has made the process seamless for merchants, and when merchants adopt it, consumers have the option, the early adopters will jump in and eventually it will go mainstream.
@@eleganz Understandable. It's a step in the right direction because current processing times are too long. But I still don't see how this will protect consumers against bad merchants. Credit card companies as middlemen often assist with disputes and fraudulent transactions. This new method is quicker with cash final but since it's only between you and the merchant there's need for greater trust. It seems more like buying something off of Craigslist.
This guy is a clown what is the motivation to spend your Bitcoin it doesn’t make sense to pay 20k for a pizza 🍕
Well done 👏🏾 First class innovation there Jack. Awesome announcement to F with the big boys lol
This is amazing and fantastic for humanity.
I hate to say it, but I think this is still not user-friendly enough for most people to get onboard. It would have to be integrated to iOS directly to be widely adopted.
If it gets integrated into the Camera app, which is 100% possible, it would be over. Goodbye VISA.
Its literally open a single app to pay. Lol
Said someone about every single emerging technology ever
It cracks me up that jacks grandpa is looking UP at him from the afterlife 😂
@Bitcoin Magazine THANK YOU!
peru - selva desde aqui saludos