9:55 sounds like f****** vodka. ~ Cheech and Chong

When the USD was backed by hemp and gold, it wasnt fiat. Currently, its not backed by anything, so its fiat. If it were backed by Bitcoin, it wouldn't be fiat. ---, --- --- - ------ ---- -- Bitcoin, ****'* **** ******** ** ** **** **, ** ****'* **** * *** ***** ** do

Heres a good question - according to all the other crypto currencies, if they were 'like' Bitcoin, then why didnt they worry about the double spend part?

Can’t wait! 🔥

This Peter Todd guy seems smart, I wonder how long he’s been researching this stuff

I truly believe Paul Leroux is Satoshi. It's the deepest rabbit hole I've ever gone down, I've spent countless hours researching, back to back days for months. Everything leads back to Paul Leroux.

Lol

Satoshi

Very inspiring. Amazing people at Bitcoin Jungle.

I really appreciate your efforts! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How can I transfer them to Binance?

Thank you so much for this amazing video! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How can I transfer them to Binance?

Can BTC Maxi's discuss Trumps Did Trump just expose BTC with a Burger 🍔 Payments on the Lightning Network are off-chain Disappointing that the 🍔 purchase isn't on the BTC blockchain for the sake of History Off-chain and private 🤔 Bitcoin Big Blockers BCH and BSV record transactions on-chain, fast and cheap transactions on L1

Thanks for sharing such valuable information! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How can I transfer them to Binance?

Great content, as always! Just a quick off-topic question: I have a SafePal wallet with USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). Could you explain how to move them to Binance?

Thank you so much for this amazing video! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How can I transfer them to Binance?

Thank you!

Amazing work!

1. secure decentralised store of value 2. seperation of money<->state 3. payment method 4. privacy | this order

Great chat with this dynamic duo, Jizsaw James and Charlie Cash!! 😂 See you at @@adoptingbitcoin

Amazing! With so much concern about Bitcoin's energy consumption, it is amazing to see this comparison. Surprised there are so few views. Fix the Money, Fix the World.

Here's a ChatGPT summary: - Kemal introduces himself as a co-organizer of the Adopting Bitcoin Conference and mentions his work with Galois, developing open-source Bitcoin banking software and operating the Link wallet since 2020. - Josla Zed introduces himself as the co-founder and CEO of Blockrise, a semi-custodial platform founded in 2017, with a focus on compliance and regulatory aspects. - Yosla Zed, a lightning developer at Breeze, explains that Breeze offers a non-custodial lightning app and an SDK for integrating non-custodial lightning payments into other applications. - Moritz from Albi describes Albi as a companion for lightning payments on the web and apps, offering both managed and self-managed wallets, and providing open APIs for developers. - The panel discusses the terminology differences between custodial, non-custodial, managed, and self-managed wallets. - Josla Zed explains that custodial means someone else holds custody over your funds, while non-custodial means no one else holds custody over your funds. - The panel notes the emergence of hybrid solutions that offer a mix of custodial and non-custodial features. - The audience is asked about their use of custodial and non-custodial wallets, revealing that many have used custodial wallets. - The panel discusses the historical context of custodial services, mentioning MTGox as an example of the risks involved. - Moritz highlights that users often choose custodial solutions for ease of use, especially for spending wallets. - The panel discusses the potential regulatory challenges for custodial services and the importance of making non-custodial solutions as user-friendly as possible. - Josla Zed emphasizes the need for standards in non-custodial solutions to ensure reliability and usability. - The panel discusses the economic constraints of non-custodial solutions, such as the dust limit on the Bitcoin blockchain. - The importance of building layers to share UTXOs and make non-custodial solutions more accessible is highlighted. - The panel discusses the role of custodial solutions in the Bitcoin ecosystem, noting that they are vital for adoption but come with risks. - The panel touches on the importance of verifiability in custodial solutions, with Josla Zed explaining Blockrise's approach to providing signature proof for users. - The panel discusses the risks of paper Bitcoin and the importance of proof of reserves, mentioning that only one of the nine Bitcoin ETFs provides such proof. - The panel highlights the importance of financial freedom and the role of non-custodial solutions in enabling democracy, especially in authoritarian regimes. - The panel discusses the future outlook for custodial and non-custodial solutions, with a positive view on the development of non-custodial tools and standards. - The audience asks about the prioritization of Bolt 12, a major improvement for lightning payments, and the panel agrees on its importance. - The panel briefly discusses Hedgehog, a new asynchronous payment channel concept, noting its potential but questioning its practical use compared to lightning. - Main message: The evolution of custodial and non-custodial solutions is crucial for the adoption and usability of Bitcoin, with a focus on improving non-custodial tools and ensuring verifiability and security in custodial services.

Here's a ChatGPT summary: - Rafi, a designer with 20 years of experience, discusses his involvement in Bitcoin Delta and Orangeville app. - Mo Gashney from the Bitcoin Design Community emphasizes making Bitcoin accessible and mentions the Bitcoin Design Foundation. - Smoritz from Albi talks about their lightning wallet for Bitcoin payments and the importance of UI/UX design. - Discussion on the definition of design: usability, solving user problems, and emotional impact. - Importance of speed and technical cooperation in design. - Mo Gashney highlights that good design is not just visual but also about user interaction and experience. - The challenge of creating trust in Bitcoin wallets due to the abstract nature of digital money. - Discussion on whether Bitcoin design is more complex than traditional app design. - The importance of building trust through good design and appropriate language in Bitcoin apps. - The role of design in abstracting technical complexities and making Bitcoin more approachable. - Discussion on the differences between custodial and self-custodial wallets and the potential for self-custodial wallets to match custodial UX. - Emphasis on the importance of user research and involving users in the design process. - The need for conversational design to build a relationship with users and enhance trust. - The potential for mass adoption of Bitcoin through better design and integration into everyday platforms. - Main message: Effective design, user research, and building trust are crucial for the mass adoption of Bitcoin.

The Kill Dollar Bill Max Keiser - A Legend Forever

Superb 🍄

Zeer belangrijke video.

Great video and content

I'm going to post his video

Dios, ahora me doy cuenta que Mercedes estuvo en Adopting Bitcoin 2023 y no la conocí...🥲

Here's a ChatGPT summary: - In 2016-2017, Ruben Middelhoven bought his first Bitcoin and used a hardware wallet from the beginning. - He initially used a Ledger Nano S and a Trezor-1 to store his Bitcoin. - A master seed (or master key) is created on the signing device for hardware wallets, which can generate multiple private keys. - The master seed can be either 128 bits (12-word recovery seed) or 256 bits (24-word recovery seed). - BIP 39 (Bitcoin Improvement Protocol 39) provides a list of 2048 words for creating recovery seeds. - Ruben initially stored his recovery seed on paper but felt it was insecure. - He explored various methods to protect the seed, including engraving words into metal plates. - In 2021, Ruben started working for two crypto web shops, selling hardware wallets and seed backup products. - He categorizes seed backup solutions based on material (stainless steel vs. titanium) and technique (how words are put into metal). - Stainless steel (IC-304, 316) and titanium are the most common materials used for seed backups. - Titanium is stronger and more heat-resistant than stainless steel but becomes weak at high temperatures. - Various techniques for securing seed phrases include letter tiles, hammering, engraving, and punching. - Ruben created his own product, the "Solid Hole," which includes a sleeve to focus on one column at a time and a pinching pen for engraving. - Main message: Start thinking about how to secure your recovery seed to ensure the safety of your cryptocurrency.

Brilliant eye opening speech. The spend and replace part is an epiphany. Bravo.

Epic intro music!🎹🎶

I love Aqua wallet. I will love it even more when the rest of the options are available like Bill Pay etc.

Was a fun show. Looking forward to Number 2! Have a few visual upgrades and will be talking about the next spearkers. Make sure to join us every Monday about 5:30pm CST

Here's a ChatGPT summary: - Ben de Waal discovered Bitcoin in 2010 and initially mined four blocks before losing interest. - He rediscovered Bitcoin in 2011 and became intrigued by its resilience and potential. - Since 2017, Ben has been living on a Bitcoin standard. - Living on a Bitcoin standard means recognizing Bitcoin as money and using it exclusively or primarily. - Money serves as a store of value, a medium of exchange, and a unit of account. - Value is subjective and inter-subjective, forming the basis of trade. - Storing value means maintaining its measurement over time, which traditional fiat money fails to do due to inflation. - Bitcoin is a better medium of exchange over distance and time compared to fiat and gold. - Ben uses Bitcoin as his unit of account, thinking in terms of Satoshis (Sats) rather than fiat currencies. - The opportunity cost of holding fiat instead of Bitcoin is significant. - Ben advocates for spending Bitcoin directly and using services like BTCMap.org to find Bitcoin-accepting merchants. - He suggests practical considerations for using fiat when necessary, such as just-in-time exchanges and services like Living Room of Satoshi and Bitrefill. - Peer-to-peer exchange services like Peach, HODL HODL, Bisq, and Vexl are recommended for obtaining fiat when needed. - Over time, living on a Bitcoin standard has become easier with more opportunities to use Bitcoin directly. - Main message: Living on a Bitcoin standard is practical and beneficial, and those who can should consider adopting it.

Kaspa is a better candidate for the M0 in this scheme.

No offense, but if I have to hear ONE MORE story of someone discovering bitcoin..... ugh. Who's this for?

This guy is eaking to a crowd of bitcoiners and he's talking to them about the basics of money talk about not knowing your audience

Users (voters of any system) might have the power. But if they don't know what they are voting for then they are only pawns.

Here's a ChatGPT summary: - Peter Todd discusses the complexities and potential of upcoming L2 systems. - L2 systems aim to improve upon current blockchain technologies like Bitcoin and Lightning Network. - Merge mining is mentioned as a passive security model, though not entirely secure. - L2 systems' definition can be fuzzy and vary in implementation. - Mempools are crucial for L2 systems, as they handle transactions not yet included in a block. - Transaction replacement and pinning are issues that need addressing for better L2 systems. - Lightning Network has limitations, such as the need for UTXOs and liquidity issues. - L2 systems like L2 (L and symmetry) aim to reduce complexity by removing punishments for bad actions. - Channel factories propose creating multiple channels from a single UTXO to save chain space. - Advanced channel factories use complex op codes like opovicts to manage large pools of money. - ARC (another L2 system) focuses on virtual UTXOs, allowing for off-chain transactions. - ARC has liquidity problems, requiring ASPs to back the money tied up in virtual UTXOs. - The failure case for L2 systems is a concern, especially if many users need to go on-chain simultaneously. - The need for covenants and potential changes to the Bitcoin protocol to support L2 systems is discussed. - Main message: Upcoming L2 systems offer promising improvements but come with significant complexities and potential risks that need careful consideration.

Here's a ChatGPT summary: Hermann Vivier and Gerardo Linares discuss the challenges of building local Bitcoin circular economies in South Africa and El Salvador. - In El Salvador, the government introduced Bitcoin by giving $30 worth of Bitcoin to citizens through the Chivo wallet, but many people just cashed out the Bitcoin. - In Berlin, El Salvador, it was initially difficult to attract businesses and people to use Bitcoin, but over time, more businesses were onboarded. - In South Africa, scams are a significant challenge, especially in communities with high illiteracy rates. - Bitcoin adoption in South Africa is driven by the high cost of banking, which is more expensive than in the UK. - In Costa Rica, Bitcoin is used by expats to buy houses and cars due to the basic banking infrastructure. - In Turkey, Bitcoin is used to combat the hyperinflation of the Turkish lira. - In El Salvador, people don't feel the need for Bitcoin due to the use of the US dollar, but education on inflation and Bitcoin's benefits is ongoing. - Both speakers share stories of individuals who have benefited from Bitcoin, such as Jorge in El Salvador, who now sells coffee directly to consumers using Bitcoin, and a man in South Africa who saved his Bitcoin and received community support. - The importance of self-custody is discussed, but it's acknowledged that starting with custodial wallets is often necessary for initial adoption. - Both speakers emphasize the need for education and gradual transition to self-custody. - Collaborations and sponsorships have been crucial for the development of their projects, with support from organizations like the Human Rights Foundation and Block. - Future plans include expanding Bitcoin circular economies to more communities and building new centers for education and support. - Main message: Building Bitcoin circular economies requires overcoming initial challenges, providing education, and gradually transitioning users to self-custody, with the ultimate goal of creating sustainable, long-term solutions.

Nice one from Nathan! 🔥

I can't believe this video has only 300 views :(

Here's a ChatGPT summary: - Aaron van Wirdum, a journalist with over 10 years of experience writing about Bitcoin, discusses the block size war. - The block size war was a significant event in Bitcoin's history, though many new Bitcoiners may not be familiar with it. - Blocks in Bitcoin are found approximately every 10 minutes and include transactions. Bigger blocks allow more transactions, while smaller blocks keep transaction fees higher and maintain decentralization. - The debate started with Satoshi Nakamoto's white paper, which described SPV nodes for scaling. SPV nodes are light nodes that don't download the entire blockchain. - Satoshi's vision included fraud proofs to detect rule-breaking, but this technology never existed. - An alternative vision was to keep blocks small to ensure decentralization, allowing everyone to run full nodes. - In 2010, Satoshi added a 1MB block size limit, likely to prevent denial of service attacks. - Jeff Garsik attempted to remove the block size limit in 2010 for marketing reasons, but Satoshi opposed it, warning it would cause a hard fork. - Peter Todd, a Bitcoin developer, argued in favor of small blocks to prevent centralization and maintain network efficiency. - Gavin Andresen, a former Bitcoin core lead developer, advocated for bigger blocks and proposed an 8MB block size limit, doubling every two years. - Gavin implemented his proposal in Bitcoin XT, leading to a contentious split in the community. - Chinese miners opposed Bitcoin XT, leading to its failure. - The Lightning Network was proposed as an alternative scaling solution, focusing on off-chain transactions. - SegWit (Segregated Witness) was introduced to increase block size through a soft fork and enable the Lightning Network. - The New York Agreement proposed both SegWit and a hard fork to increase the block size, leading to further controversy. - The User Activated Soft Fork (UASF) was proposed as a way for users to activate SegWit without miner support. - SegWit was eventually activated through BIP 91, which made it compatible with the New York Agreement. - Bitcoin Cash split off from Bitcoin, increasing the block size limit but not aiming to replace Bitcoin. - The SegWit2x hard fork was called off due to lack of support and a bug in the code. - The block size war concluded with Bitcoin maintaining its smaller block size and SegWit, while Bitcoin Cash and other forks continued separately. - Main message: The block size war highlighted the challenges of scaling Bitcoin and maintaining decentralization, ultimately leading to the adoption of SegWit and the emergence of Bitcoin Cash.

I know the title says "Upcoming L2 Systems" and Stacks has been a pioneer in the L2 space, but people could learn a lot from what Stacks is doing as an L2

How long does it take to spread a Block? o.O i mean we dont all use adams satellite

Very interesting!

Here's a ChatGPT summary: - Hester Bies was invited by the note runners and performed her first Bitcoin transaction last year. - Hester Bies has a background in law and economics and has worked at ING Bank, A&M, and the Burs. - She is now an advocate for financial rights and has been researching the banking system for over a decade. - The banking model led to the credit crisis of 2008, and research into this has been lacking. - Banks, with the help of politicians and the European Central Bank, have engaged in fraud and corruption. - The banking system maximizes earnings through financial products and withdrawal of money. - The financial crisis led to a shortage of 200 billion euros in the Netherlands and even more in Europe. - The system relies on trust between financial institutions, but when consumers or companies can't pay, the economy suffers. - Hester Bies published a book, "Worst Bank Scenario," revealing various corrupt practices in the banking system. - The European Central Bank has manipulated interest rates and used pension funds to support banks. - The Dutch state guarantees 200 billion euros to European institutions, leading to a new collateral system. - The new financial system, called Bretton Woods 2.0, is based on collateral and gold. - Central banks and big financial institutions like Goldman Sachs and BlackRock manage this new system. - The system includes regulations like Aeneer and Basel III, focusing on collateral and liquidity. - There is a significant shortage of high-quality collateral in Europe and the US. - The new system borrows liquidity from pension funds and insurance companies. - The European Central Bank's purchase program and the value of gold are crucial to this system. - The new system is a distributed ledger technology operated by big banks. - The Transmission Protection Instrument, launched in 2022, is a new monetary mechanism to provide liquidity. - The new world order includes the West (US, UK, Canada, Japan, EU) and BRICS countries. - The European Commission considers using carbon emissions as collateral, which could lower the quality of collateral. - The European Central Bank has previously purchased junk bonds. - The new system may eliminate cash and introduce carbon emissions for consumers to regulate conduct. - The Recovery and Resilience Plan, based on the COVID-19 period, is used to introduce new European debt. - Hester Bies is a candidate for the European Parliament to address these issues. - Main message: The banking system, with the help of political and financial institutions, has engaged in widespread fraud and corruption, leading to economic crises and the creation of a new, potentially problematic financial system based on collateral and gold.

please add time stamps

We are early, it is so good that nobody wants to spend it. The situation will start to change, when people sell certain goods only for bitcoin. Like it was in east gemany, normal goods were available in the official (trash) currency, but most interesting stuff from west germany was only available for the harder currency, Deutsch Mark. Today in Cuba it is exactly the same and people in the middle ages holded back hard currencies wisdomly. Don't panic, everything works as intended👍but yeah tell other people, spend your BTC and buy the stack back immediately with FIAT🧡

amazing