Brian kelly predicts huge growth for bitcoin
And are the bitcoin whales in for a sad Christmas? First we must understand what drives bitcoin price and, in particular, this boom. The common understanding for current growth leads us back to institutional investors preparing for the forthcoming BTC futures exchanges. The primary theory about the astonishing rally being put forward by investors on social media is that bitcoin will soon benefit from big institutional money injections via the introduction of the first BTC futures products.
This ability makes bitcoin far more palatable to big investors who are currently flooding the market to make profits if and when the bitcoin price falls. This group of enthusiasts bought and held bitcoin and will not sell it at any current price.
More and more bitcoin fans are entering into this group and they are driving up demand increases. We see a common thread between these points: All cryptocurrency movements are based on domain specific media and conversations between traders. Bitcoin traders, it can be said, are now akin to the jolly colonists selling stocks under buttonwood tree.
That is all coming and at that point the market will harden itself against panics and booms. Until then we enjoy rises and dips and volatility that puts most bitcoin dilettantes off their lunch. As for Drivechain, Paul's prediction market Bitcoin Hivemind discussed in Part I would be a key component of this new protocol, but the idea is that developers, businesses, and enthusiasts from any blockchain or scaling project could operate on Bitcoin on- and off-chain under the same 21 million coin protocol.
We also discuss thoughts on some of the politics of Bitcoin, and how sidechains could emerge eventually via soft fork, hard fork, futures market, or a new protocol entirely said paths are not mutually exclusive. Click here to refresh the feed. This episode is part I of II. We discuss Jeremy's history at Augur and his current view on the platform for the future; his thoughts on ICOs in general and the state of the market today; his thesis on which and how many decentralized protocols there will be in the future; his interest in venture and what he and his team are focusing on at Ausum VC; the price-stable coin Basecoin; the future of regulation around these protocols; and some book recommendations.
Andreas Antonopoulos Originally published: New Friend Music http: This recording is a reproduction of author Andreas Antonopoulos's piece 'Failure is a fundamental component of business evolution'. In addition, Crypto Voices did receive express permission from the author to reproduce this content in audio. However, the author does not necessarily endorse the manner of reproduction, nor has verified its recorded accuracy as it relates to the author's original material.
Crypto Voices is grateful to work with such authors in this exciting industry. Paul details his history in tech and how we got into Bitcoin, as well as why he decided to found Edge formerly known as Airbitz. We cover the current differences between the newly branded Edge wallet versus Airbitz, and the longer-term plans for the company under the Edge brand. We cover a good deal of time on the exchanges, how their business model differs from wallet providers, security versus utility versus risk, how they work together, fees, and some of the challenges of centralized entities exchanges in crypto versus more decentralized ones, such as client-side wallet providers.
We discuss some of the technical, longer-term prospects for Edge, such as when and how multi-sig will be usable and easy for the average user across crypto assets, not just in Bitcoin. Also, will the future of crypto use wallets? We further do some speculating on more philosophical questions, such as will all bitcoin in the world eventually be lost or stolen?
Paul has some cautious views on the Lightning Network, which tandems with their more crypto-agnostic efforts and company direction.
Henry Brade Originally published: Crypto Voices did receive express permission from the author to reproduce this content in audio. Matthew and Henry discuss a good variety of current Bitcoin topics, from adoption to regulation.
Henry details the Prasos model and a few of their key services, including Coinmotion and Denarium. Henry overviews how he got into Bitcoin, including his pre-Bitcoin days as a poker player, and how some of his political and economic views have changed since getting into Bitcoin. He provides some hindsight on the Bitcoin scaling debate. We spend a lot of time discussing the business and political environment in Northern Europe surrounding Bitcoin, and how companies do face headwinds from regulators, in spite of the clear benefits of Bitcoin and blockchain.
He speculates on a "regulated versus cash" economy emerging in the future digital world, much as it has been in the past analog world. Henry concludes by detailing all their new and improving services, including a crypto investment fund. Finally, Prasos is hiring!
They are looking for great developers for their Lightning integration. Contact Henry and the team for details. Good discussion getting back to basics on the state of classical liberal thought and economics in Eastern Europe, particularly in Lithuania. He shares some insights on how and why they have been so successful in Lithuania. Fascinating discussion with a busy executive, we are grateful for the time Patrick spent with us covering everything they are doing at Overstock with blockchain technology.
We begin with Patrick's background, moving from philosophy to Wall Street. We discuss the complexities of running a publicly traded company, and the many dealings and battles Patrick has had with the SEC. He overviews their TZero platform, how they plan to disintermediate the broker-dealer business, and in general cut the inefficiencies and lack of transparency plaguing modern finance.
We move on to his work with Hernando de Soto, an important Peruvian economist who has done monumental work on the history of property rights. He, Patrick, and the team at Medici Ventures are among others investing in the lofty goal of bringing a true property rights system to the developing and developed! This could offer those in desparate environments a fighting economic chance at establishing their title and property, potentially opening up access to credit and other entrepreneurial tools.
We discuss many of the technicalities of RSK, which is the first general purpose smart contract platform secured by the Bitcoin network.