How is Bitcoin in all its variants — Bitcoin BTC, Bitcoin SV and Bitcoin Cash BCH — and the other Cryptocurrencies being used in the real world right now?
When I first heard about Bitcoin, I thought it was just some toy with which some technologists invented so they can amuse themselves. I just assumed it was all still experimental. I did not look much into it. Many of you are probably thinking along those same lines. What is the point of it? Why should it matter? I believe we need to understand the bigger reasons why we should even get involved in anything let alone Bitcoin and Cryptocurrencies.
So in this video, I am going to talk to you about when I started taking Bitcoin seriously. I had an experience that made me think that perhaps, Bitcoin is more than just a new technological toy when I began to understand the types of problems that it could help solve.
In this video, we complete our discussion on the impact of the Covid-19 pandemic, how it is affecting the job market, businesses and industries. What trend has it triggered in how people make their living and we highlight how technology, like the Internet, Bitcoin and cryptocurrencies can and may help us.
We take a look at how far Bitcoin and Cryptocurrencies have fallen from their all-time highs and where they are now. With recent news of big institutional investors soaking up Bitcoin's supply, will Bitcoin and Cryptocurrencies rise again?
Times seem bleak as we face the second wave of the Covid-19 pandemic and retreat to our homes in lockdown. In the past, people had gone through something similar.
In this video, I share with you an inspiring story of a town called Eyam and the sacrifice they made to quarantine themselves during an epidemic to stop the spread of the Bubonic Plague spreading across England in 1665 and 1666.
We also find out that Isaac Newton used his time in lockdown to do science. After only about a year in isolation, he had written three papers on calculus, solved the mystery of colours and light and came up with his theory of gravity which changed the world.
If you are feeling lost or demotivated while in lockdown, I hope these two stories can help remind you that perhaps, days in lockdown and isolation present opportunities to build, create or learn.
We go over the performance of trading signals the last week and discuss one the big announcement that Paypal made this week, which could not only bring about massive changes to Bitcoin and Cryptocurrencies, but to the payments and financial industry as well.
There are over 1000 different crypto-currency or crypto-asset projects in existence at the moment. Here is a summary of the major ones and later, I will be adding some that just happened to hit my radar. It is not supposed to be objective and complete. Instead, I provide you with my opinions and bias that formed as a result of my reading and research and provide what comes to me as the most important and significant about each of them.
Bitcoin BTC is the blockchain and project on which Satoshi Nakamoto implemented his vision of Bitcoin. After he left however, Bitcoin developers continued to make changes to the Bitcoin protocol to a point where, personally, I no longer think it resembles and represents the Bitcoin that Nakamoto wrote about in his Whitepaper that describes what Bitcoin is, its key features and its incentives.
It is a cryptocurrency project focussed on incorporating smart contracts.
It is a cryptocurrency project that focusses on solving problems associated with banking and the banking systems.
This project started when a group of Bitcoin supporters, investors and users saw that Bitcoin (BTC)'s ability to be used as cash was being eroded by the changes that Bitcoin developers began implementing since about 2017. They forked Bitcoin — including its history of transactions — so that they can continue to develop Bitcoin as digital cash.
You read it often times from sources who support BTC that BCH have somehow stolen or taking advantage of the Bitcoin brandname or goodwill. I want to point out that forking Bitcoin is allowed, despite the protestations of BTC fans who do not understand this basic feature of open-source software. It also protects against the hijacking of Bitcoin as a project because other people can always fork it when they feel it is not going the right direction.
Out of all the projects out there, I believe mostly in Bitcoin Satoshi Vision. I want it to succeed because it adheres to the original vision and mission of Satoshi Nakamoto and the principles he laid out in the Bitcoin Whitepaper — a document that defines what Bitcoin is. Every argument made about, and in support for Bitcoin before 2017, can be made for Bitcoin BSV because it is the only project in existence now that is committed in implementing Bitcoin as it was described in the original Bitcoin Whitepaper.
Bitcoin SV supporters split from Bitcoin Cash when they noticed that Bitcoin Cash is getting bogged down with changing the Bitcoin Protocol yet again. They believed that Bitcoin could scale with the original protocol that Satoshi Nakamoto released initially. They were laughed at and ridiculed by Bitcoin BTC and Bitcoin Cash BCH investors and developers.
It took a team of BSV developers about a year to re-write the Bitcoin protocol back to as close as they can get it to the original. On February 2020, Bitcoin SV's developers successfully implemented BSV to run on a protocol based on the original. Months on, they have shown that Bitcoin SV has one of the cheapest transaction costs compared to Bitcoin BTC and BCH. It is fast to send, and it can handle large numbers of transactions simultaneously. In other words, Bitcoin SV works as Bitcoin should.
This is not a complete list and I will revise this when I have more time. But if you are new to cryptocurrencies, this may lead you towards your early readings.
What about you — Which is your favourite cryptocurrency and why?
This series of videos are for developers to build on Bitcoin SV. It was held online on the weekend of 18th and 19th of July 2020.
How Bitcoin SV blockchain is going to be used to track seafood supplies to ensure quality and sustainability.
"In the digital era, the success of a business is dependent on online reviews, but the system can be misused to discredit competitors. Bitcoin is fixing it."
Connor Murray explores how Bitcoin SV can overcome the problems related to online reviews.
(The talk was presented on 21 Feb 2020)
In this episode of CoinGeek Conversations, Centbee co-founder Lorien Gamaroff shared a new feature of their application. Centbee users can now pay for their Netflix subscription, top-up their phone’s pay-as-you-go credit, buy music or give someone Uber vouchers with Centbee wallet using Bitcoin SV (BSV). Gamaroff said they realised that they could “become a service provider ourselves ...if we actually bundled value-added services directly into the wallet.”
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