• Tag Archives BATS
  • WCN Bitcoin Group #134 – May Scaling Meeting – BATS Objects – Bitcoin Unity – China vs. Exchanges

    Mar 24th from Philly: Another on Location Episode with Scaling Dominating the show once again. Here is the TL;DR
    0:01:00 – Another Meeting to Scale is Set for May: This is a very frustrating story because there is no compromise that can be reached. One is a Soft Fork and the Other is a Hard Fork. It will either be SegWit or nothing so all these meeting at this point are simply pointless. In addition none of the people involved are even relevant other than two Mining companies and Adam Back. Adam has already said he would not go and I agree with that decision. I tweeted out the following in regards to this meeting:  https://twitter.com/ToneVays/status/844987681570476033
    0:18:00 – BATS Files Complaint Against SEC Rejection of COIN ETF: This is pointless
    0:23:00 – Mad Bitcoins Interviews on Scaling: I provide my views on this Hard Fork topic by referencing my article “Is a Bitcoin Hard Fork Still Avoidable?“. In it I try to speculate as to why the Chinese continue to be anti WegWit. I strongly recommend reading the article. In addition I point to how China has hardly any nodes so China’s control is overblown. I also speculate that Roger is being played by Bitmain’s Jihan Wu.
    0:58:00 – Chinese Exchanges Lose Value: This article did not make sense to me. I don’t understand how volume moving from Exchanges to Local Bitcoins relates to Exchanges in California? I also go off on the difference between Bitcoin Investors and Bitcoin Traders (or Crypto Traders)
    1:15:00 – BONUS: I remain Bullish on the price after the recent Pull back. $915 Remains strong support.