Chapter
Bitcoin and the Future of Blockchain Technology
45:25 - 50:11 (04:45)
The speaker argues that the majority of ICOs during the initial coin offering craze were fake and that Bitcoin, along with its layers, will be the true winner in blockchain technology. The talk focuses on the potential of Bitcoin and how the layers built on top of it (such as Lightning) will deliver what blockchain promised.
Clips
The Bitcoin space is like a cool club, with speakers from startups in the Bitcoin and lightning space discussing topics such as ICO scams.
45:25 - 46:24 (00:58)
Summary
The Bitcoin space is like a cool club, with speakers from startups in the Bitcoin and lightning space discussing topics such as ICO scams.
ChapterBitcoin and the Future of Blockchain Technology
Episode#11 - Clawing Back From $250K Debt at 20
PodcastMy First Million
The game is not in trying to build more blockchains; the winner is Bitcoin and the layers that are built on it, much like the Internet and the layers that were built on top of it in the past.
46:24 - 49:02 (02:38)
Summary
The game is not in trying to build more blockchains; the winner is Bitcoin and the layers that are built on it, much like the Internet and the layers that were built on top of it in the past. Bitcoin provides the security and mutability, along with economics, game theory, incentives, disincentives, and networks, which can offer better solutions in comparison to traditional banking.
ChapterBitcoin and the Future of Blockchain Technology
Episode#11 - Clawing Back From $250K Debt at 20
PodcastMy First Million
The promise of blockchain was largely unfulfilled, with most of the projects that came out of the ICO craze being "bullshit."
49:02 - 49:35 (00:33)
Summary
The promise of blockchain was largely unfulfilled, with most of the projects that came out of the ICO craze being "bullshit." Bitcoin, however, is the true innovation and the "killer app" of blockchain.
ChapterBitcoin and the Future of Blockchain Technology
Episode#11 - Clawing Back From $250K Debt at 20
PodcastMy First Million
The speaker outlines the three schools of thought on Bitcoin: those who don't understand it, those who consider it snake oil, and those who believe it to be the future.
49:35 - 50:11 (00:36)
Summary
The speaker outlines the three schools of thought on Bitcoin: those who don't understand it, those who consider it snake oil, and those who believe it to be the future.