June 22nd from Trailer in PA: This was an episodes with lots of great topics, must watch, but here is the TLDR
1. Ether Hard Fork – The discussion focused on the fact that Ether split into two chains. This is absolutely fascinating and I certainly support the principals Arvicco is standing up for. I do need to correct a few mistakes that I said (blaming the alcohol)
a. I said I might be considering buying some ETC to support the cause. That was totally false & I did not actually consider it, both Ethereum chains are total Scams it’s just that one now ranks slightly higher on the scamemeter right now.
b. I said that if your chain is not immutable it is not a Blockchain. That is also totally wrong. To be a blockchain (in my opinion by analyzing Satoshi’s first use of the world “block chain”) all you need is a competitive and open PoW algorithm that secures your chain with a consensus mechanism. The greater the security the closer you are to immutability. If you have the hashing power to reverse a transaction it does not stop it from being a Blockchian it just means it’s not secure and kind of useless for any projects utilizing or built on top of this blockchain.
2. Bitcoin Patents – It’s no secret that I have supported all things that evolve out of the Blockstream office. As much as i hate patents, intellectual property and copyright, if Blockstream is doing it I’m all for it (yes it’s a double standard).
3. Bankers Bitcoin – This is a misleading headline. I’ve said it before and will again, banks don’t want bitcoin they want to eliminate all physical cash so they go from 95% digital fiat to 100% digital fiat. There is nothing Crypto about these statement from governments .
4. Steemit – At this point I had read the first 9 of 44 pages of the White Paper and I was 100% sure it’s a total SCAM. I definitely made some errors in my statements as I have been educating myself on Steem every week & every week i see it as much worse then I though earlier.
5. Coinbase Helps Take Down KickAssTorents – Coinbase is once again proving that they are not a company any Bitcoiner should support. Please get your bitcoins out of Coinbase and try not to even make transactions with people that use Coinbase. They also make no money and will implode.
BONUS: The “Mount Stupid” Graph was updated on July 19 where TheDAO was replaced with Steemit. Here is the Tweet: https://twitter.com/Tone_LLT/status/755568730193539072
