• Tag Archives CSW
  • WCN Bitcoin Group #149 – “Satoshi” Speaks – Alphabay Down – $50M Fund – $55,000 Bitcoin

    July 7th from NYC: On this episode we are joined by Kyle Torpey who has not joined in a while. Here is the TL;DR
    0:01:00 – Fake Satoshi’s Speech: There was a crazy presentation by Craig Wright that is a must watch. He clearly want to centralize bitcoin so that a few people control the protocol and you need a $20,000 node to maintain the history of transactions. His presentation will go a long way in helping UASF and activating segwit sooner than later.
    0:16:30 – Erik Voorhees Thinks Bitcoin Can Be Replaced: I’m not sure if Erik is clueless when it comes to bitcoin scaling or pushing an agenda to help his business. I see a big problem with him agreeing to run SegWit2x code before he even knew who was going to program that code.
    0:39:00 – Alphabay Goes Down: For a about a day, the most popular dark net market site went down. Since they are back, I do not believe they will be exit scamming any time soon.
    0:55:00 – Bain Manager Launches $50 Million Bitcoin and Ethereum Fund: This is crazy, I understand that people cannot hold bitcoin themselves and need to have someone do it for them. However, he plans to buy nonsense like Ethereum, Ripple and Dash. There is obviously risk with having someone else hold your keys but actively trading bitcoin and especially actively trading or holding Alts will never outperform Bitcoin on the long term.
    1:17:00 – Wall Street strategist weighs in on bitcoin, sees it worth as much as $55,000: The article does not provide much detail as to where the value comes from and is also lacking details as to why Bitcoin will replace gold…. I explain why.