Bitcoin is the biggest and most influential cryptocurrency of all time. With new technologies coming in and Bitcoin dominance dropping, can Bitcoin still compete in 2018? This video explains Proof of Work, UTXO model and Bitcoin mining.
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I think EOS is Bitcoin 3.0 and will overtake Bitcoin in a few years.
I wouldn't write bitcoin off as they're still innovating with lightning network and I think now is a great time to buy.
If eos is bitcoin 3.0 then nebulas is blockchain 3.0?
The ASIC miners have made the Bitcoin network too centralized. Luckily there are new altcoins, including Bitcoin fork Bitcoin Gold, that are ASIC resistant and make the mining process more democratic. Nevertheless, POS (Proof-of-Stake) is my favorite block verification process by far. Eco-friendly and efficient!
Great overview!
Bitcoin is the OG
I like Bitcoin.Bitcoin will become even stronger in 2018.Thanks for sharing cryptocrrency news ..Dtube my best channel..Best of luck.@boxmining
I like Bitcoin..Thanks for sharing cryptocrrency news ..Dtube my best channel..Best of luck.
Nice ur posting resteem but 100%upvote this review article
Bitcoin being the first crypto currency has lots of flaw but its the most trusted and adopted crypto currency.
Bitcoin will still be strong in 2018
I don’t think bitcoin will ever be obsolete, regardless of what comes out next. Thanks for always keeping us informed.
This nice post thanks for sharing crytocurrecy news..
@boxmining, Awesome video as always! I have been following you for quite a while and appreciate your content and hard work. I recently started my own YouTube channel (link below) that I mirror on D-Tube. I talk about Bitcoin/Crytpto and Anarchy/Voluntaryist related topics.
I'd like to do an interview with you and do a 1 on 1 to get to know who you are and what you are all about. Let me know if you would be interested!
Much love
https://www.youtube.com/channel/UCOm4xXRhgne-ICd6MQw6Kzg
an oldie but a goodie
what we have here is a person coping with the fact that Bitcoin is kind of a low tier coin in terms of centralization, profit potential, use cases, future growth and security as well as storage of value. Notice that all of the things in the video that he claims are good about bitcoin? Well its all lies.
Bitcoin is very centralized in terms of who owns the hash rate. China pretty much controls Bitcoin right now. But Bitcoin is especially centralized when you consider the lightning network will require you to send all of your transactions through centralized hubs. Security is extremely questionable when it comes to something like the lightning network as well.
Core owns bitcoin, you can tell this is true because they control who is allowed to modify the code. Core refused to increase the blocksize which caused a massive schism in the bitcoin community which has easy cut the support base for Bitcoin to continue to go up in value by more than half. Core appears to have an agenda to destroy Bitcoin from the inside out.
Bitcoin is not a good store of value as there is no such thing as a reliable storage of value in the crypto economy. The only solid store of value in existence is probably gold so if that is what you want to have then gold is the only true store of value you will ever see. Not to mention the fact that every single other alt coin is potentially identical storage of value.
Profit potential of bitcoin is lower than pretty much all other alt coins as well. So its not great for that either. Even if Bitcoin goes to 50k you will quickly find that nearly any alt was a better long term hold in terms of profits. In 2017 Bitcoin did so poorly on this front that Doge coin out performed Bitcoin in terms of raw percentage gains. Most Bitcoin fanatics have trouble with the concept of percentage gains as it completely destroys the idea that you make more money by holding Bitcoin long term.
Bitcoin is heavily out classed and it is showing its age. We now have coins that are faster, cheaper and have more use cases steadily eating away at Bitcoins market dominance.
Core owns bitcoin, you can tell this is true because they control who is allowed to modify the code. Core refused to increase the blocksize which caused a massive schism in the bitcoin community which has easy cut the support base for Bitcoin to continue to go up in value by more than half. Core appears to have an agenda to destroy Bitcoin from the inside out.
Assuming core is holding some Bitcoin them self I don't see why they would be interested in sawing off the branch they're sitting on?
They other points you provide may be legit though...
The bitcoin trade currency in our future life
i resteemed your post
thank you @boxmining dear
saw you on youtube and now i am here too
Brief summary of the crypto markets and overall market cap. Coincheck was hacked for $530 million and it was the largest hack of an exchange ever. NEM's price is down 10% on the news of the hack. Cover 6 ways crypto makes the world better. Goldman Sachs has some crypto news that I cover. XLM the leading altcoin? and Stellar vs Ripple. South Korea has been investing in crypto the whole time they wanted to ban it. Cannabis coins provide a real world solution for the cannabis industry. Even brothels are accepting crypto now in Las Vegas. China may end the ban on ICO's in 2018. New exchange based in the Cayman Islands called Spark exchange.
https://d.tube/v/cryptobtcchris/and10rcp
Is it only me or every cryptocurrency TOPIC is heavyly upvoted ?
That's a really good video on bitcoin actually. There are a lot of aspects I didn't think of as the fact that is the most "safe" as having the biggest hash power of all the coins.
I really enjoy your content and I create a post of my top 5 crypto youtubers that made my path through this crypto world.
Thank you for existing!
Great work keep it up bro
Hi @boxmining!...ahhh your posts are always so good! I have decided to reach out to those I follow to just send a true thank you! Without people like you we would never know the up-to-date truth of our Crypto and what is going on! Thank you again for your time and great work! You do an awesome job!
good presentation. not sure how you missed it since you know to call it block weight, but segwit increased max block weight to 4 MB (2 MB being more typical) and during bitgo consolidation transactions bitcoin already had blocks larger than 2 MB. so it's not only not 1 MB, it already demonstrated double that (thanks to batching)
Hell yeah, love all your content boxmining! Really informative stuff, glad to see you on dtube!