• Tag Archives Japan
  • WCN Bitcoin Group #137 – Public Service Announcement – Wright Sale – Japan & Russia – NK Hackers

    April 14th from NYC: The first topic of the group is a must as we talk about ASICBoost. Here is the TL;DR:
    0:01:00 – Bitcoin.com’s PSA & ASICBoost: This Public Service Announcement from Roger Ver was disgraceful. He is using Bitcoin.com to push his side of the debatable agenda against Core Devs. I get into a debate with Jimmy Song that SegWit is coming sooner than later.
    0:25:00 – Craig Wright is Back: He managed to sell his company and patents for $100 Million. To me this is a non-issue.
    0:34:00 – Japan & Russia Move to Legalize Bitcoin: None of this matters unless the Bitcoin is actually moving through the economy and not immediately sold. Russian Finance Minister seems to have a huge mis-understanding of what Bitcoin is.
    0:47:00 – North Korea Hackers Earn Bitcoin: I found this story interesting cause if a lot of Bitcoin ends up in NK and starts moving through their economy it might actually free that country.
    BONUS: My Price View is Bullish

  • WCN Bitcoin Group #136 – ASICBoost – Japan accepts Bitcoin – BFX Coin – Distributed Rendering

    April 7th from NYC: This is a very important episode. It was the one right after ASICBoost revelations were uncovered by Greg Maxwell of Blockstream. Here is the TL;DR:
    0:01:00 – ASICBoost – This is a serious problem. I fully believe Bitmain has been doing. The good news is that we now have clarity and this clarity should go a long way to people demanding SegWit gets passed sooner than later. Anyone still supporting Bitcoin Unlimited is just an Idiot. These people should admit Jihan Wu played them but instead they are doubling down on the stupid.
    0:33:50 – Japan Big Retailers Accept Bitcoin – I do not care for this development because the retailers immediately convert to Fiat. This is not helping the Bitcoin economy unless the Bitcoin is moving in a circular fashion. I also do not expect many people to actually come in and spend Bitcoin (why would you want to spend something that will go up in value if you have other currency to spend)
    0:46:00 – BFX Coins Get Paid Back – Bitfinex has paid off their debt tokens which they issued after the hack. Good for them, glad to see that there is a responsible management team at a Bitcoin exchange.
    0:57:00 – Distributed Rendering Paying in Bitcoin – I’m not sure exactly how this tech would work, so I basically ask a bunch of questions.
    1:09:00 – BONUS – I once again give a price prediction —-> HIGHER

  • WCN Bitcoin Group #135 – Bitcoin Price Recovery? – India – Japan – Democracy Panacea

    March 31st from NYC: Another great episode where I call the end of Bitcoin Unlimited threat. Here is the TL:DR
    0:01:00 – Bitcoin Price Recovery – After falling to $888 we’re back to 1075 within a week. I talk about why we have turned the corner and it should only be up from here. I had $915 as the perfect buy target so if anyone took that price they did well. I have raised the target to $1175 short term. I also talk about the crazy slide show Roger Ver put on for Adam Back and Charlie Lee
    0:14:00 – Bitcoin in India – I give a shout out to UnoCoin and also talk about how it will be hard for Governments to decide what is or isn’t a Ponzi.
    0:26:00 – Japan Passes Bitcoin Laws – Japanese will end up over-regulating Bitcoin because Mt. Gox happened on their watch. “Countries are now more interested in identifying the consumer than protecting the consumer, so whichever country starts protecting the consumer without identifying their consumer will win economically”
    0:35:00 – Blockchain for Voting – It may be possible that one day voting will take place on the Blockhain but we are probably over a decade away. For this particular case, it’s two people who know nothing but are here to fix all of Bitcoin’s problems. They have created an altcoin to vote for bitcoin’s changes… just Crazy!!!
    0:50:00 – BONUS – Multiple Stories of the Week
    1. Blythe Masters has moved her non-Blockchain company from Financial Services to Healthcare – Told You So #1
    2. Dan Larimer has left Steemit to the Community and will be moving on to his next SCAM – Told You So #2
    3. Retraction on my comments about the Blockchain Capital Token from a few weeks earlier – My BAD!!!

  • WCN Bitcoin Group #129 – Money Laundering, Rising Prices, Bitcoin ETF and Quasicoins

    February 17th from NYC: Another great episode of The Bitcoin Group, had 4 guests this time and we stayed on topic pretty well. Here is the TL;DR
    0:01:00 – Banks Looking to Lower Money Laundering Regulation: To me this is not a positive for Bitcoin. The more draconian the laws on money the more Bitcoin will thrive in routing value. I also reference an old article I wrote called “When Banks Become Law Enforcers
    0:10:30 – Rising Prices and Bitcoin in Asia: I question the numbers out of Japan being the highest volume these days. I also explain that people need to be careful having Chinese exchanges hold their Bitcoin because the Government can pass a law to confiscate the bitcoin of foreigners for Money Laundering reasons.
    0:25:00 – Bitcoin ETF (yes again!): Main Stream Media continues to talk about the Bitcoin ETF, while I continue to explain how stupid the Bitcoin ETF is. Let’s once again go through the reasons:
    1. We have never had an ETF where the underlying can be hacked and the ETF will create a bigger a bigger honey Pot taking Bitcoin out of circulation.
    2. It will open the door to Shitcoin ETF’s starting with ETH & ETC, then Litecoin, Dash & so on all the way to OneCoin
    3. People always ask questions “what happens if there is an ETF and then Bitcoin has a Hard Fork?” well…. NO ONE KNOWS so that is why ETF should not pass
    I then go into the potential motivation of Winklevii wanting this ETF. For all the bitcoin they hold i’m disappointed in the small amount of evangelism they have done for bitcoin other than trying to centralize it.
    0:49:50 – Bank of Uganda Treats Bitcoin & OneCoin as the Same Thing: From the view of the Government, I have to agree.
    BONUS: At the end I talk about the price, I’m bullish to all time highs.