Proof of stake blockchains create a new set of gatekeepers due to highly networked Silicon Valley investors getting in early on the “premines”. When 70% is controlled by a small select few they are the new gatekeeper. Follow the incentives and you’ll know where they are coming from.
I agree with many things they say. But eventually everything you want secured will be on Bitcoin. Not on any other unsecure crypto blockchain with counter parties. Bitcoin chose decentralization and security. No other crypto can compete with that. But everything can be on Bitcoin blockchain as Bitcoin is built in layers as internet is. I guess these guys are heavily invested in crypto and therefore love the broader crypto space. Sure crypto will come up with stuff fast (and break stuff) but everything they make up will be more secure on Bitcoin.. so just a matter of time before it comes to bitcoin. It’s just a question of “do you want secure or pretty secure”..”eh I think I’ll go for secure thank you “
In principle that makes sense but in practice centralized blockchains have utility for the time being unless similar infrastructure is built on top of bitcoin. For example, stable coins are incredibly valuable to people in 3rd world countries. Yes, there’s a chance the centralized blockchains they’re hosted on shut down but they cannot get a US bank account and even those who can are more restricted on how they can transact within the banking system than on a centralized blockchain. Good software doesn’t build itself so it could be we end up in a world where some good tools are developed on centralized blockchains and they exist as an alternative to the centralized fiat system because of its added flexibility the banking system will never offer.
There's only 1 blockchain that's provably decentralized and provably secure and entirely open to all. The "crypto" stuff is not any of those. Bitcoin is BOTH the money AND the blockchain, they don't exist without each other.
WISH WE HAD A VIDEO VERSION OF THIS
ua-cam.com/video/lkjWlUr4Kjg/v-deo.html
@@maxbrych7354you're the man!
Also 2018?? Just noticed that, thanks🙏👍
it's taken from a video lol
Omg. Too short! We deserve 8 hours minimum
This is great.
When was this recorded?
Titans!!!
i wish there were 5 like buttons.
Set up burner accounts and use them to like the video.
Aaaaahhhhhh I love these guys
Ok you both of the leading futurists talking … SOLD
Proof of stake blockchains create a new set of gatekeepers due to highly networked Silicon Valley investors getting in early on the “premines”. When 70% is controlled by a small select few they are the new gatekeeper.
Follow the incentives and you’ll know where they are coming from.
Auger? Zcash? This is from 2016...
More discussions like this
If buying a token is an “investment” doesn’t that make it a security?
part 1 of 10
LOL. Zuck will sell you for a .10$ click add. >.<
So far everything this man said checks out.
I agree with many things they say. But eventually everything you want secured will be on Bitcoin. Not on any other unsecure crypto blockchain with counter parties. Bitcoin chose decentralization and security. No other crypto can compete with that. But everything can be on Bitcoin blockchain as Bitcoin is built in layers as internet is. I guess these guys are heavily invested in crypto and therefore love the broader crypto space. Sure crypto will come up with stuff fast (and break stuff) but everything they make up will be more secure on Bitcoin.. so just a matter of time before it comes to bitcoin. It’s just a question of “do you want secure or pretty secure”..”eh I think I’ll go for secure thank you “
In principle that makes sense but in practice centralized blockchains have utility for the time being unless similar infrastructure is built on top of bitcoin. For example, stable coins are incredibly valuable to people in 3rd world countries. Yes, there’s a chance the centralized blockchains they’re hosted on shut down but they cannot get a US bank account and even those who can are more restricted on how they can transact within the banking system than on a centralized blockchain. Good software doesn’t build itself so it could be we end up in a world where some good tools are developed on centralized blockchains and they exist as an alternative to the centralized fiat system because of its added flexibility the banking system will never offer.
How tf did I miss this
I feel bad for the "boy in Bangladesh". Everyone talks of him!
Bitcoin yes, everything else is going to zero
There's only 1 blockchain that's provably decentralized and provably secure and entirely open to all. The "crypto" stuff is not any of those. Bitcoin is BOTH the money AND the blockchain, they don't exist without each other.
goats
!!!
Xrp will be that bridge reserve currency
“Digitized”. Anything in a database is inherently “digital”. Having a “blockchain” doesn’t make something more “digital” than a standard database.
BITCOIN NOT BLOCKCHAIN.
BLOCKCHAIN NOT BITCOIN!
BITCOIN AND BLOCKCHAIN BUT NOT SHITCOINS*** Lol
blockchain has uses outside of BTC, but BTC is the only perfect money we have.
How do you still not know how to pronounce Balaji’s name? So cringeworthy and disrespectful
YHIS IS SIX YEARS OLD🖕
computers can't be creative? ummm...... lmao
Balaji, don't talk up India. the rods are shit...and it's too crowded...just be real
What are you thinking about roads in my area are great and they are getting better and better day by day.
Naval is on the wrong side of the history here! Time will show!