Trace Mayer: "The protocol is the Constitution of cyberspace"
There's a conspiratorial book title in there somewhere, "The Protocols of Bitcoin?" Or "The Protocols of Crypto?"
Anyway, Keiser Report talks protocols, hard forks, accounting revolutions and Roger Ver with Trace Mayer: (skip ahead to 13.07 to get to the conversation).
Remember that, as this was at Freedom Fest, this was a few days before the hard fork, $BCH, or Bitcoin Cash, so there is nothing specific on that. We do, however, discuss Roger Ver and his desire for a hard fork towards the end, so stay tuned for that if you're interested in the hard fork topic.
Some of the other topics covered:
Trace says that we are witnessing an accounting revolution similar to what happened at the start of the industrial revolution, this time, however, it is at the start of the information age. He says that the sun is rising and will shine a light on bankers dodgy dealings.
Max and Trace also discuss the great Gold vs Bitcoin debate: Trace says that gold is the same thing it was 2000 years ago, but that it’s not extensible. Fiat is extensible but it has an unlimited supply. Crypto is both limited and extensible. So it wins the day!
With that, however, Trace does offer a response to Schiff’s argument that there are too many cryptos and so that's just as real as fiat money inflation. (Must watch for that response).
Next, Trace argues that protocols are the Constitutions of cyberspace and we are writing them now before they are set in concrete. Blockchain can be a chain to bind humanity or it can provide monetary liberty forever. Trace believes that Segwit protects our monetary liberty and asks, "why do a hard fork when you can do a soft fork?"
Final word: You’ve got to leave your ego at the door with bitcoin.
(Signed, Stacy)
There are too many services with middle men still, there are not too many "crypto's".
good posting...
I'm very glad you are at last on Steemit, Stacy and Max. I was trying to keep your excellent show on the eye of other users since the episode 1032…
https://steemit.com/news/@lighteye/keiser-report-trumponomics-e1107
…and cannot imagine better replacement :)
Good luck and Steem on, @keiserreport!
Good watch! Good to see @keiserreport here on Steemit.
Nice
Really awesome article thanks !! (You may Interested in my post Having The iPhone But Missing The I)
sooo... is this REALLY max and stacey? REEEEALLY???
Yes, reallllllly.
that is effing cool. I love you guys. Been watching Max since the early days when he was burning FRN$ on Al Jezeera.
I'm really, REALLY happy to see you guys here on Steemit. Flog this place and you will be rewarded. Let me tell you this: You won't get any better, more intimate forum where you can interact with your legions of fans.
My advice: mirror your videos on Viewly, the blockchain replacement for Youtube.
Good luck, and thanks for making the transition! You won't regret it!!! :)
leave your ego at the door with bitcoin
You have to leave your ego at the door, period, I should think. Hell, if anything, bitcoin profits tend to breed egotism, no?
Besides that though, crypto has us at a fork in the road. We haven't reached it yet but we can see it from here. One fork (heheheh, crypto. Fork. Unintentional pun) -- one fork leads to a world where the banksters and the dominant forms of government have less power over us than ever and we are free to make our own economic way, our own financial rules and make a fairer better world.
The other fork is where they take the reins of the cryptocurrency revolution and tax and track every single one of us thanks to the all-encompassing nature of the blockchain to a degree that was incomprehensible even 15 years ago.
We don't want the other fork. The other fork screws us irreversibly.
Great post, I use to watch the Keiser report on RT :-)
Great post and video
why do a hard fork when you can do a soft fork?" nice saying @keiserreport. thanks for sharing such a informative article, upvoted
Thanks!