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The Bitcoin News Show #64 – Ripple Growth, Miners Leave China, Debit Card Shutdown, Bitpay & BIP 70



The Bitcoin News Show for the week of Jan 1st with your host @theonevortex and panelists: @russpears @francispouliot_ @GabrielDVine and @pierre_rochard.

Announcements:
-Launched theonevortex.com
-$800 billion market cap
-Happy birthday to bitcoin (Jan 3rd)
-David Harding explanation of Lightning Channel Factories


-Petition for coinbase to implement segwit
https://www.change.org/p/coinbase-coinbase-prioritize-segwit-implementation-on-the-coinbase-bitcoin-wallet-gdax-exchange

Topics:
-Ripple growth / unit bias

-Miners leave China
https://www.bloomberg.com/news/articles/2018-01-05/bitcoin-miners-are-shifting-outside-china-amid-state-clampdown

-Debit card shut down


https://www.coindesk.com/visa-cracks-bitcoin-debit-cards-europe-providers-say/?utm_content=buffer54334&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

-Bitpay switching to bip70
http://blog.samouraiwallet.com/post/169222582782/bitpay-qr-codes-are-no-longer-valid-important
https://support.bitpay.com/hc/en-us/articles/115005559826

source

32 comments

  1. InternetFreeForever 13 January, 2018 at 06:58 Reply

    Sold XRP before the dump. Thanks for the cash even though it ain't much, suck it banksters. Most likely I took it out of some newbs but I still want to say suck it banksters and I ain't coming back to your crap. LOL

  2. Greenlion781 13 January, 2018 at 06:58 Reply

    This is such a shitshow I don't even know where to start, but possibly my favorite moment is when Pierre Rochard starts mansplaining how people don't understand what medium of exchange means, and goes to explain UNIT OF ACCOUNT! The lols are enormous, please keep up the good work, and don't bother to hit Intro to Finance.

  3. Russell Spears 13 January, 2018 at 06:58 Reply

    8:50 #BitcoinHydra : a natural process whereby ideal market incentives allow BTC holders to secure positions within a multi-token network using their original BTC investment. All possible innovation is anchored to the best store of value, benefiting all hoddlers with more network effects

  4. Russell Spears 13 January, 2018 at 06:58 Reply

    @13:51 fiy: The 21st Century is going to provide real, living data, about our economy using blockchains: no doubt having real data for the first time will allow for new credible economic theories to emerge. Be ready to throw out all previous ideas. All current economic ideas are suspect in its real use, which seems more likely to be a set of rationalization for promoting all possible policies that secure the plutocracy at the expense of the working poor.

  5. Jason Sellers 13 January, 2018 at 06:58 Reply

    Anyone else seeing Bitconnect ads and having trouble with getting your "Like" to stick? My "Like" keeps turning back to gray, and I just came back in to finish watching and was hit with a Bitconnect scam ad. I reported it, but I'm just wondering: Is this happening to anyone else?

  6. Max Entropy 13 January, 2018 at 06:58 Reply

    You guys don't get it, re:Ripple.
    .
    Ripple started out in 2012 to compete with Bitcoin.
    The Ripple Network transacts at 1,500 Tx/sec within 2-3 seconds, and charges less than .01 cents.
    Looks like a great deal.
    .
    Today, Bitcoin can not compete with Ripple. Bitcoin Lightning Networks are at least 2 years away.
    So, rather fuss about Ripple being for stupid users… these users are accomplishing their business objectives. I paid recently, 160$ USD to move $8,000 USD and it took 70 minutes. Needle to say, I am moving my funds out of BTC.
    .
    Bitcoin is cooked.

  7. Seaxneat 13 January, 2018 at 06:58 Reply

    Do u guys honestly think that if btc blows up in price and fees become rediculous and completely improbable to transact with that the maases would want or even care to pay for btc. If there is no use other than to store value eventually itll get too expensive and all the peopke who havnt been in since the very begining will just say fuck this im not paying that much for btc and so wont lots of btc owners and we will see a market crash unlike we have ever seen in history. And that will be the end of bitcoin. We need btc to be a reliable and anonymous medium of transaction thats its attraction.

  8. Seaxneat 13 January, 2018 at 06:58 Reply

    Oh and btw im not new to the space. Been using btc to transact for over 2 years. I never speculated on btc until this summer when the price exploded and the small amount of money i had grew massively that is when i started investing but even still im far more interested in the currency aspect than the store of value. Btc transactions are whats completely hindering bitcoins growth right now in my opinion

  9. Roy Wessbecher 13 January, 2018 at 06:58 Reply

    In a free market there is striving to become to be a monopolist, or at least a big market controller/mover. In Bitcoin, same thing. I'm not saying good or bad. I'm saying that's how humans are. Late stage capitalism = lots of monopolies.

  10. Roy Wessbecher 13 January, 2018 at 06:58 Reply

    Bitcoin seems pretty dependent on Lightning to succeed. Is Fedwire dependent on ACH layer? SWIFT layer? Visa/Mastercard layer? Is Fedwire a store of value? Maybe the $ should be called Fedwire Coin? Someone holds the "private keys" to Fedwire, right? 🙂 (Just causing trouble, but would like to hear opinion…)

  11. Hans Jürgen Vetter 13 January, 2018 at 06:58 Reply

    Well I agree with this comprtent panel … Ripple is the … new … (stinky) FED/NSA/WALLSTREET/Shit-COIN (!) … giving a shit on consensus-resistence (thanks Richard Heart) … let alone security in form of a maximized hashing-rate …
    I'm wondering if atleast banksters have the required balls to invest into their own crap-coins …

  12. Butterflies Bees 13 January, 2018 at 06:58 Reply

    Me too Sean Harvey! Thanks! But I don't like BCASH….It is trying to steal Bitcoin ideology, and trash it. When Roger Ver could have helped Bitcoin to grow and grow and to resolve any problems, instead of helping Bitcoin that made him rich in the first place, he created more problems for Bitcoin that already had so many problems that needed help in solving. He had problems with the Bitcoin team and so instead of supporting them, he just ran out on them and created BCASH, that is not what the creator of the first Bitcoin and Blockchain had in mind at all. So Ver just wanted to do what he wants, like he did with USA, ran out on them and left because of his jail sentence, instead of joining the herd to help with the problems at hand. He screws everyone up and then say, I can ran this country better than you, and now he is saying he can ran Bitcoin better than anyone else and he will buy a whole new country for everyone who want to be decentralised, but I bet you anything that, after while, he would want to be the king of that jungle and if they say no to his commands, he will then ran out on them too! This is in short. SO everyone, support and buy RIPPLE, so that you are supporting the cryptocurrencies system, and not like VER who creates competitions the whole time without supporting his environment or community. What he does is short term and it will reflect on him. So guys, be wise and support Ripple instead of dragging it down, you will also drag down Bitcoin by default, please think about this, there is room for Ripple and Bitcoin to exist along side, so be open, be kind, be wise, and be supportive. If you want to help humanity like you said you did, then support, instead of creating Bitcoin with 21 million in circulation, it is not enough to help the poverty of the world for billions of people who are hungry daily, who have no home, who have no medicine or clothes. Bitcoin is like a Rolex watch instead of trying to being helpful to humanity.How can they afford Bitcoin? Of course, bitcoin it good for its intrinsic value of being the first digit coin on earth, but hay, lets have more humanity about it all, instead of worrying about, 'how much Bitcoin should be worth' and then try to drag someone else down, are you not doing what VER is doing to you?, worry about supporting Cryptocurrencies as a whole instead, as you can see by the thousands of new coins each year if not each month, that suggests, its about Cryptocurrencies and tackling poverty and not just about BITCOIN value per se! Please think about this and support Ripple for the good of everyone and beyond!

  13. Dem Budge 13 January, 2018 at 06:58 Reply

    btw why is everyone talking about AUSTRIAN economy? is it because of that one dude who studied it? I am austrian, however I never thought austrian economics can be so affectful. lol

  14. ygmfmh 13 January, 2018 at 06:58 Reply

    russell is a SJW
    trump hating cunt……….likely a feminazi vegan trans offended "jher' supporter who loves taxes and the non existent social contract

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