This is a good spoof on the wolf on wall street, but this shows you that future millionaire will be a different bread and Bitcoin will be the first technology that will pull more people out of poverty world wide that we seen in history. People always talk trickle up and trickle down economics forget This will be is historic to watch.
Bitcoin In Early Days But It Will Be A Game Changer: CEO Brian Kelly
Founder & CEO, BKCM LLC Brian Kelly explains that Bitcoin and the technology is in the early stages just like the internet was in the 80’s and the price jump in the Bitcoin could be because the short squeeze people shorting Bitcoin buying it back and also people getting back in the market after paying there taxes to the IRS. He also thinks this could be a bottom for Bitcoin only time will tell. This is panders box and Bitcoin is here to stay.
Forget College — High School’s now teaching Bitcoin and cryptocurrency’s
High schools are adapting the teaching of Bitcoin and cryptocurrency’s. This generation will grow up never needing to step in to a bank and this generation and the millennial will be the generation that will move the price a Bitcoin higher as they invest in cryptocurrency’s for there retirement.
Scaling Bitcoin in 2018 with the Lighting Network
The Lighting network will allow owners of Bitcoin to be able to make payments through a layer two of transaction allowing high volume and lower fees then current transactions.
The problems below are preventing Bitcoin to scale and the lighting network coming online in 2018 will resolve the issues below
Problem 1: Scalability : Limited amount of tranactions can process per sec
Problem 2: Time delay: Blocks are created every ten minutes to verify transactions
Problem 3: Fees : High fees for transferring Bitcoins
Abstracting Complexity for new users.
Japan made bitcoin a legal currency …Read Full Article
This is a good example showing that Bitcoin price move is not a US lead phenomenon its a south east Asia that is making the price fluctuate and in 2016 China represented 90% of the trades,but after there band regarding (ICO) initial coin offering and shutting down exchanges. Japan started embarrassing Bitcoin going so gar to make it legal tender and as a form of payment. Japan now accounts for 50% of the Bitcoin trades and the US about 25%. As the world comes online to accepting Bitcoin the price will have to rise because there are only 21 million coins. If you want to learn more about Bitcoin please watch Magic Money below this will give you a foundation of Bitcoin.
Bitcoin to Fork 50 times this year free money to owners of Bitcoin
Jameson Lopp of Casa @Casahodl talks about the furture of Bitcoin technology and the 50 forks ahead .
First I have to say Bitcoin it attracting the best minds in tech and tech firms and instantiation are worried.
There will be 50 Bitcoin forks predicted this year and you must own Bitcoin and also have the private keys to get a piece of the pie. More info on that below. When Bitcoin forks people that own Bitcoin will get free tokens in that crypto that is created basically free money.
Below changes to Bitcoin is coming to be-able to scale Bitcoin to the main stream.
lighting network: will be coming online this year allowing 3rd party to open a tunnel to process a transaction offline from the block chain allowing cheap transnational fee’s more on this below.
Schnorr signature: The Signature Algorithm to Increase Bitcoin’s Scale and Privacy.
Bulletproofs: This will allow Bitcoin to have better privacy confidential transactions.
Mimblewimble: In the confidential transactions system, all the values are homomorphically encrypted with random strings of numbers called “blinding factors.”. This means that the values cannot be seen directly
How it Works
The Lightning Network is dependent upon the underlying technology of the blockchain. By using real Bitcoin/blockchain transactions and using its native smart-contract scripting language, it is possible to create a secure network of participants which are able to transact at high volume and high speed.
Bidirectional Payment Channels. Two participants create a ledger entry on the blockchain which requires both participants to sign off on any spending of funds. Both parties create transactions which refund the ledger entry to their individual allocation, but do not broadcast them to the blockchain. They can update their individual allocations for the ledger entry by creating many transactions spending from the current ledger entry output. Only the most recent version is valid, which is enforced by blockchain-parsable smart-contract scripting. This entry can be closed out at any time by either party without any trust or custodianship by broadcasting the most recent version to the blockchain.
Lightning Network. By creating a network of these two-party ledger entries, it is possible to find a path across the network similar to routing packets on the internet. The nodes along the path are not trusted, as the payment is enforced using a script which enforces the atomicity (either the entire payment succeeds or fails) via decrementing time-locks.
Blockchain as Arbiter. As a result, it is possible to conduct transactions off-blockchain without limitations. Transactions can be made off-chain with confidence of on-blockchain enforceability. This is similar to how one makes many legal contracts with others, but one does not go to court every time a contract is made. By making the transactions and scripts parsable, the smart-contract can be enforced on-blockchain. Only in the event of non-cooperation is the court involved – but with the blockchain, the result is deterministic.
Here’s What Happens When Bitcoin Forks creating bitcoin private.
Fundstrat’s Tom Lee Makes His Case For HODL-ing On To Bitcoin
Tom Lee breaks down the profit and losses over the past 5 years and still thinks Bitcoin is in a bull market in 2018 and to HODL. Tom also advised that Bitcoin will be the first crypto to clear regulatory perspective.
Tom was asked by Melissa Lee if he would put fresh money in to Bitcoin or the S&P 500 he chose Bitcoin he sees Bitcoin.
If you have not seen the upfront summit 2018 by Tom Lee I have provided a link below.
Thomas Lee predicts Bitcoin will reach 10 Million dollars a coin
Why regulations will help bitcoin
James McDonald author of How to Invest In Bitcoin: By two Harvard Minds For Beginners
Inflation versus Deflation why Bitcoin is changing economics forever
Do you ever wonder why the prices keep increasing when you go to the grocery store, gas station or even to fill a bottle of water. Its not that everything is getting more expensive its that the currency your using is getting weaker. As long as governments keep borrowing money and banks keep printing your currency it will decrease in value. The worst tax on human society is inflation just see Venezuela. Everyone works hard for there money to have it stolen by inflation it should be a crime. Just leaving your money in the banks you lose 2% a year to inflation plus the fees they charge to hold your money on top of that they get bailed out by the government with our tax money. Bitcoin solve this issue with no middleman only 21 million coins will be minted because the lack of supply and the trust with the community authenticating every transaction that is why the price will keep rising. It only going down because the bankers on wall-street see this a threat to there business model and are shorting Bitcoin and buying it on its lows pretty smart. There is a lots of benefits to Bitcoin one is that converting Dollars to Bitcoin and transferring overseas then from Bitcoin to Euros instant and cheap 365/24/7. I will link another article below if your interested. The key to all society’s is to keep us in the chains of debit look at the word ‘mortgage’ literally means ‘death pledge’. This is what governments and banks want and bitcoin frees us from banks and funding wars for governments in country’s we will never go to. In closing I agree there might be other currency’s maybe even better, but Bitcoin is the first and the only one we know that has no multiplication in the code. I can not say that for those that follow and also Bitcoin is the main exchange for all other currency’s.
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El Salvador becomes the first country to make bitcoin legal tender
See george washington Blog on average life expectancy for fiat Currency
3 Ways Bitcoin Is Promoting Freedom in Latin America
1.Bypassing Monetary Controls.
Bitcoin is exponentially expanding in Latin america allowing them to buy food from the US like amazon or even wall-mart. Venezuela government restricts money in and out of the country via the banks, and Bitcoin allows the people to by pass this restrictions by the government.
2.Bypassing tariffs in Brazil
a) Avoid paying a Import Tariff tax of 60% when purchasing from the US.
b) Avoid Paying a 27.5% foreign exchange tax when bring money in to Brazil.
c) Brazilians that travel abroad are paying 6.38% tax with every purchase.
3.Eliminating Red Tape
Starting a new business in Brazil takes 14 times longer then the US and moving this to the blockchain could speed up this process. Honduras is still creating land titles on paper and the blockchain could help speed up and authenticate transaction.
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