On Wednesday evening I was on the Crypto Show to talk about several topics including, of course, the hottest topic of the moment which is the bitcoin fork that resulted in the emergence of Bitcoin Cash.
I mentioned how with any paradigm shift there are always bumps in the road, especially with a new technology. What has excited me the most about bitcoin recently - especially in the wake of the fork - is that the price wasn’t negatively affected whatsoever. In fact, the combined price of bitcoin and Bitcoin Cash resulted in a new all-time high valuation.
In other words, the result of this fork has really been a testament to bitcoin’s resilience as a decentralized currency.
On the show, I also talked a bit about my reservations regarding Segwit and that I remain concerned about it’s potential outcomes. I’ll be writing about this in the upcoming issue of The Dollar Vigilante newsletter to subscribers (subscribe HERE).
You won’t want to miss this show as it’s packed with lots of details associated with the future of bitcoin, Bitcoin Cash and crypto as a whole.
Check it out HERE:
I also want to announce that the ebook, The Book of Satoshi, which I wrote the foreword to, is now available for free to subscribers of The Dollar Vigilante newsletter thanks to the graciousness of its author, Phil Champagne.
Current subscribers can log into the Member’s Area of our website to access it (subscribe HERE to access now).
It’s an excellent book detailing all of Satoshi Nakamoto’s most important writings leading up to and launching bitcoin. It really lets you see the genius of the man.. or woman... or intelligence agency if you were to believe some conspiracy theorists.
I don’t believe Satoshi was CIA, MI6, Mossad or part of any other terrorist organization though. And I think his writings show this. He just wanted to create a currency that would rid this world, once and for all, of the scourge of governments and central banks.
And so far he has done a great job!
Good stuff Jeff, keep it coming!
I'm just going to hold for a while and see what happens
As I want to reply I just look at bitcoin price and it is going well and at the same time Bitcoin cash is taking a whooping.
Keep on steemit.
That's why the new nickname for BCH is "BCrash".
There's more pain coming, when the larger exchanges start listing it.
Hodling BTC and BCH
Speculation plus hawk traders = alt coin market craziness
Bitcoin cash is mostly China pushing for it the issue is if this hard fork is successful there is no stopping many other people doing it and it splintering bitcoin into various other coins all worth less. This needs to not be successful honestly or its going to be a blow to bitcoin and crypto currency. Bitcoin cash is not secure at all with low mining power at the moment. The only reason for the 7 billion fresh injection of market cap is because of china to try and crush bitcoin so they can run the show.
Bitcoin Cash is technically superior. SegWitCoin violates the white paper and the very definition of Bitcoin.
Everyone knows forks can happen anytime, it's not a cause for concern.
I am holding both BCH and BTC and looking forward to see how this plays out in the near future. Thanks for the updates!
The trash will crash and that will be good news for the real Bitcoin.
Sell....ON August 2nd. Too late now!
If the Chinese miners support BCC over BTC, BCC could approach and maybe surpass BTC at least in China.
Jeff you told it like it really is and we gave you a upvote and we resteemed it too
Nice Article about Crypto currency.
Keep the good work ...down the government 💨
And keep steemit 🤙🏼
Very nice and good bitcoin post. @naz722
Bitcoin is the "Whip" that We the People must use to drive out the money-changers from the Temple we may call "Freedom". I favor Roger Ver's view that block-size is key, and that Segwit is only a temporary solution, and maybe even a clever delay of a real solution, but that's okay.
A block-size increase will come, and I'm sure BTC will survive it, especially if the price after this latest fork is any indication.
the question of the week Jeff! the best part of your work are the subtle hints at the facts, dollar on decline, biblical prophecy, true fruit and veggie based diets, the list goes on, if one wasn't even interested in crypto currencies they could find value in your posts and videos. Keep up the great work!
thanks for sharing @dollarvigilante
Nice. Ill definitely be reading up on your work. Thanks
Should have sold your bitcoin cash on day 1 of the fork. I personally did not get to do that, however, I will sell my bitcoin cash and consider getting back in later at a lower price. I believe $250-$300 USD is well overvalued.
Do you like finance and business? I invite you to go through my account, give me your opinion is important to me !!
@dollarvigilante
Do you think, whether bitcoin can replace the state currency position? Or will it just be some kind of new mining stuff, like gold ?. In other words, bitcoin is a human gold production ..? Thank you
I'm holding for now, as I think the mining will increase and thus the supply, but I don't feel it is a long term hold. Great post, thank you!
Do you like finance and business? I invite you to go through my account, give me your opinion is important to me !!
New to this cryptocurrency world. Some of it seems confusing. I am glad that there are many of you out there that have good insight to what is going on to help a newbie get in the game. Thank you for the post.
nice post
dump that crap, cant ypu see BTC is blasting off
Jeff are you experiencing the Mandela Effect? Check my channel.
T.D.V. 4 life!
bitcoin... i like this pos friend.... @dollarvigilante
Nice Article
Definitely worth an upvote and a resteem :]
There is nothing about segwit whatsoever to be "concerned" with, just stop.
So going to read the book :) as I do subscribe and am thankful I do so!
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nice interview
Never underestimate the power of the Chinese market. They have a large population to garner support and they might just get it. My guess is that once difficulty returns to normal and the chain is profitable, then nothing will stop the migration of miners. Japan might adopt it first before the larger countries because they use Bitcoin for small transactions which requires the lower fees of Bitcoin Cash.
So I'm not Jumping off this train anytime soon.. probably a good chance to buy some cheap Bitcoins when the price is ridiculously low.. I love competition. We are going to have two awesome Bitcoins challenging each other for top spot. May the Fastest, securest, and cheapest chain Win!
thanks for the info,
Great post Jeff.
Does SegWitCoin violate the white paper and the very definition of Bitcoin?
Be well...
Congratulations @dollarvigilante!
Your post was mentioned in the hit parade in the following category:
My reply was delayed as I didn't have time to check out the video until now.
Jeff recommending Bitfinex, or BFX in trader shorthand is a massive mistake.
I understand why he selected it, based on their own reported volume and what they support on their platform. The looming crisis, however, is that they have struggled with gaining any new banking connections.
In the absence of legacy banking support, they've been using Tether, another centralized coin, to finance and run their operations. The issuance of tether has been ballooning under their stewardship, so what is happening is inflation on "steroids".
By diluting Tether and redeeming them for fractional units of Bitcoin or other coins, they avoid banking difficulties, but at the same time fall prey to the temptation of inflating their Tether supply to service more accounts.
As this increases, the dilution of Tether will mirror that of other failed experiments, like the Zimbabwe Dollar and the Venezuelan Bolivar, which is extending its losses in a hyperinflationary spiral.
The final analysis is, BFX will become unable to function properly which will no doubt be blamed on a "hack" or they'll just go radio silent and abscond with the funds, Mt. Gox style.
That's my prediction, and its a shame that Jeff suggested new people use BFX, because they are undertaking a huge risk without even knowing it.
Very good post. I was about to post a similair thread. Buy low, sell high, it seems so simple but most investors still don't seem to get it :-) I found this amazing platform: https://www.coincheckup.com The site that lets you check all there is to know about the team, product, communication transparency, advisors and investment statistics on every crypto.
Well i just bought as much bch as i could while its cheap;)
Jeff Berwick does not sell passports. He sells a service that helps people gain citizenship, or buy enough influence to get a another country's passport.
Did you listen to Jeff's video about how long he had to wait to get HIS passport?
First there was a year waiting period, but then near the end the extended it to two. Next year they extended it to three. I think it was year seven when he finally got it.
Anyone who followed in his footsteps had to go through the same thing. And if they thought they were just "buying" a passport, they would probably be pissed.
And then, there are the countries where you literally buy political favor to get a passport. Do you tell the corrupt politician of banana republic, hey, I want my money back? The path is fraught with difficulties and pitfalls. And into this, you have people expecting "satisfaction guaranteed or you money back". I am so very sad for them.
And, about the land deal. Mr. Berwick has talked about it often. He is still litigating it. That is not the mark of a person who took the money and ran. Also, you hear of only the one incident. Every land scammer I know of, or heard of, does it over and over and over again.
Further, you are buying land in a country that is not as solid on property rights as first world nations. And where ownership by a foreign individual is tenuous. Like, in Mexico, as a foreigner, you cannot own land, but you can own the house. That can make for some pretty difficult times.
Lastly, Jeff is an entrepreneur. I don't know of any entrepreneur who hasn't failed or messed up many times. But first world consumers are only familiar with well trodden paths that all kinds of govern-cement safe guards. These people have problems understanding the difficulties of creating a new business.
Just look at the guy who was making bucky balls. He had money from people who wanted the product, but he was court ordered not to ship any. So, was it his fault? Was he just a scam artist? How dare he fail in the most basic of economic transactions! Nope, it is just one of the things that happens.
Thanks for this comment.
It can be difficult for observers after the fact to parse events from reports of involved parties, and I have but noted the controversies and my own inability to know what really may have happened. Clearly your aversion to ad homina has enabled @lasseehlers to gain perspective, and I reckon we all profit from good information on a murky issue.
I have been startled by the rationality of the statements of Jeff Berwick, but have long been dismayed by various parties whose rhetoric is merely propaganda. I have been less and less able to fit @dollarvigilante into that category, and find your analysis compelling.
While I refuse to have faith in anyone or anything, I must acknowledge that evidence of any intent to do wrong on Berwick's part seems completely lacking, or tainted by bias. I dearly hope to continue to benefit from sound advice regarding anarchy and liberty that Jeff continually provides.
I feel this is a good thing.
We have left the time of the guru. Everybody believed Walter Kronkite. You looked up to your heroes, and they were without flaw. (Hollywood made sure of that)
So, two things have happened, the internet has let us see into people's lives at a very fast pace. And there is a movement, a motion, a universal push, to become your own guru.
The end result, is this feeling of wanting to follow the guru/hero (feelings of nostalgia, or feelings of it is the way it should be, because of your past) and now knowing that we have to choose our own path and dissect for ourselves, our own information, and validate our own knowledge.
Its a hard transition. Keep a discerning eye out.
A lot of Jeff's statements are almost as "rational" as David Icke's.
I haven't heard any references to Reptilian overlords from @dollarvigilante, although I am less than convinced cryptos have any potential to overthrow the world order. However, they may well provide a basis for a new economic structure if they are filling a vacuum, or merely one leg of a multi-pronged strategy.
The way things are looking presently is that they are just being retrofit into the extant fractional reserve banking system, which leaves them but another form of fiat, although easier of global transfer and accounting than paper notes.
It may not be of much practical use to consider the philosophy of liberty while the current system appears to thrive, unassailable in it's formidable power, but there are systemic problems and new technology challenging obsolete paradigms that impact the current order behind the veil of money.
While the Anarcho-Syndicalists were overwhelmed by the Bolsheviks, the embryo of freedom was but pushed aside. Just as Voline and his compatriots were imprisoned and slaughtered by the 'Communists' (Terrorists) a century ago, Ross Ulbricht has been today, and Berwick remains yet actively proclaiming liberty.
What seems impractical at present may still become inevitable as the fluidity of extant circumstances continues to threaten dominant paradigms, particularly as the human spirit continues, always, to dream of flying free.
It is not unreasonable to consider where to go from here, and no one has all the answers, so some consternation is to be expected of any philosopher groping for answers in the darkness of our present overcast of propaganda and coercive governance.
Come the dawn, the light of reason may look different than we expect from our current view.
Jeff doesn't just talk about cryptocurrencies, he talks about all kinds of conspiracy theory shit such as the moon landings being faked, CIA controlling peoples minds, etc. I like Jeff as I find him amusing and entertaining but rational wouldn't be a word I'd use to describe him.
I wonder why you made refrence to jews? if he is a jew for example, does it make him a bad person? let us mind our language and dont term all human being bad because of ideology... @jeffberwick or @dollarvigilante makes top videos and many people have made it listening to him...is he perfect, infact no body is perfect however I do appreciate his tips hence why I follow him on steemit and youtube. I wish you success in anything (positive) you are doing.
Ok, now I understand
Sure, I'll answer. Fuck off ... you believe everything the guy who scammed me (Ken Johnson - read about him here... he is now an on the run fugitive http://ggcrecovery.com/) says about me? LOL.
Hmmm not sure I responded on the right thread... anyway, it appears a few people have posted the truth of what happened, so thanks to those!
Good point @jeffberwick , pls focus on your positive work and great post....which inspired me to make a post on @dan.
Feel free to see my latest post about how I exposed @dan ´s secret plan to take over the world. More success to you.
If i knew someone who could get fake passports for people who need them, I would think they are the coolest. Boarders are terrible. You clearly do not care about human freedoms and consider taking back your own rights a crime. You are truly disenfranchised my friend, please leave forever
That book is good for those who want to make it big time. I've read the book more than 10 times.
Considering you had just resteemed his posts 14 days ago, I'm guessing you read some stupid comment, believed it and started regurgitating it within days. Good job falling for that nonsense of a story. Jeff is not a scammer and you know nothing of what actually happened.
I was in the room when the Kiyosaki argument broke out. Kiyosaki had a random outburst and it was ridiculous.
I hear you, it's easy to get carried away. I feel for you, Denmark is an insanely regulated and taxed country and the government indoctrination camps they throw children into is horrible.