In this very special Q&A episode, I'll be collaborating with Cedric Dahl to address the following questions:
What do you think about the theory that Bitcoin with Lightning Network will cause currencies like Litecoin to become a bit obsolete?
What are your thoughts about Warren Buffett not liking and not investing in Bitcoin and cryptocurrency?
Opinion - Technology is far from driving the value. People see this as a money making opportunity. None of these cryptocurrencies are being widely adopted.
Do you think that crypto can remain "ethical" in the long run? For example, with so many big players wanting a small fortune of one crypto and have a large influence in its performance?
Which coin will be the one to be adopted by big tech giants (Apple, Amazon, Alibaba, Google...) or will they create their own?
NETWORK EFFECT
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Can anyone create coins?
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Almost anyone can create a coin.
All U need is a good idea, ppl backing it and of course, money.
But yeah, anyone can.
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Or ill-conceived worthless idea and a bunch of suckers.
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The big companies will probably create there own coins imo.
Would like to request if you could talk about Stratis project?
I've made a technical analysis on the future price path here:
STRATIS - Analysis (233% POTENTIAL PROFIT) — Steemit https://steemit.com/steem/@benkalashnikov/stratis-analysis-233-potential-profit
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And when companies do, I hope they decide to create their tokens with the help of steemit
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Amen brother :p
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Yes the big companies will definately create their own coins like Kodak has already done, and Facebook plans to do. It is only logical, they won't just sit around and let their companies go down the drain when blockchain really takes over the world!
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Hmmm
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Great to see a collaboration with another crypto youtuber! Loved this video because we can see clearly how you guys think and how cypto future is uncertain but surely exciting! Love your videos!
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Great collaboration guys, such a refreshing piece of content. As far as Warren Buffett not liking and not investing in Bitcoin and cryptocurrency, it doesn't really surprise me given his investment practices and principles that he has employed throughout his career. He has admitted on numerous occasions that he has a limited level of understanding of tech based companies and therefore has rarely invested in such arenas. He is also a person who invests in traditional business models, Cryptocurrencies are a totally foreign world to him. Remember Warren Buffet also never saw Jeff Bezos and Amazon ever overtaking his net worth either. Great video guys!
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Buffett is irrelevant, he doesn't even invest in TECH (only recently breaking his norm by investing in Apple). Besides, someone like him is not a good indicator...i.e. someone that is already filthy rich from old school investments/principles. Why should he risk investing in crypto? he doesn't need to.
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Great collaboration with Cedric. His in depth 'not financial advice' content gives a great dynamic to the vid. Machine learning, Cedric knows what's up!
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Awesome Video guys thank you
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Fake news.
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Good but I don't get why you didn't mention BitShares?
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Warren Buffett doesn’t need something new he has the old worked out(stocks). Crypto will reach the big time after he is dead. Apple amazon etc should get together form a new coin or preinvest in existing coin, they would make an instant hit, I think there is A LOT of speculation out there not all technology driven
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I guess we are still learning :)
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For anyone on this post that may like to make money and loves crypto, I highly encourage joining Space Mining @ http://bit.ly/spaceminingcrypto. They currently do payout and are paying 10% DAILY which is insane. Whether this is a scam or not, they do pay and I am getting paid a ton. Get in before it's too late! :)
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I think its still unpredictable and future is hidden in the clouds of uncertainity!
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Which coin will be the one to be adopted by big tech giants (Apple, Amazon, Alibaba, Google...) or will they create their own?
Companies like Google, Apple will likely to adopt a coin which has a strong technology behind it. Its in nature of Google to buy or adopt startups which have huge potential like youtube , Twitch etc. Because creating thier own crypto will not be as much beneficial as adopting one.
When it comes to Amazon, they will try to make their own cryptocurrency because crypto more like to be successful when they are used in transactions for paying bills in crypto for which Amazon is the perfect platform.
Fact:-
The domains are amazonethereum.com, amazoncryptocurrency.com, amazoncryptocurrencies.com.
Please correct me if I am wrong. ( & I am wrong almost everytime ;-p)
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Amazon is soon going to...
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I think Alibaba will be much larger than Amazon soon
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That's probably a protective measure
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Yes I also think this is sort of protetive measure so people won't get scammed by any future ICOs with these names, but the chance they will create their own ICOs is really big.
They are probably working on it for a long time right now but we don't know anything about it yet haha
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Amazon has the platform to launch their own coin. I think they are still on the fence due to scalability. That's probably the reason they won't adopt bitcoin or ethereum payments yet. The transaction fees are high and the transaction time is also long. Amazon are looking at other technologies that process transactions faster and ones that have the most utility to benefit their business model.
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Hey
keep following me on https://steemit.com/@leoyaqoot
where you can have some good knowledge about cryptocurrency and life tips
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Ethical? Big players and ethics never go together. As long as crypto is not regulated, there will always be big players pumping and dumping. Insider trading goes on in regulated industries, there's no realistic reason to imagine it wouldn't continue in crypto. However, I do think it'll survive long term, despite the bad actors... But a LOT of people will get burned along the way.
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Ethics are irrelevant...Wall Street is regulated, but they are all thieves...mortgage meltdown? bailouts?
millions of pump & dumps and market manipulations from day one....regulation means nothing.
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Network Effect = Butterfly Effect!!
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Russia and Turkey for the first time in the world trade between them using bitcoin it is wonderful it will be worth more bitcoin 💲💰💱💵☺
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Companies better get ready for the day when we stop using money to trade and use bitcoin
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Isn´t 1000x returns pushing it a bit over the top?
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No, crypto is super risky so there better be 1000x potential for the right coins...10x gains are not attractive given the risk. Besides, many coins are already up 1000x
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Awesome discussion per usual Louis! I can't believe I hadn't heard of Cedric before... the dude is a boss!
I'll definitely be diving into his content.
Many thanks!
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Gratz on the interview Louis. Just think, the net worth of the people in that room went up 10000x during this interview. Damn billionaires...
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Awesome ..
I like your Video, but I also want to learn as you ..
thanks.
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it makes sense, we can collect coins from anywhere, maybe this way we can collect a lot of coins, thanks brother, I can think how to get a coin again.
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Thanks for your important information
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I absolutely love Cedric Dahl. Such amazing talent and knowledge.
Can't get enough!
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Thanks very much to keeping to your word mate in answering my question! I really agree with what you said, and the 'game theory' angle is a great point. I guess that, considering crypto is a lot more democratic then traditional systems, more responsibility falls on the people to drive this in the right direction. Education will help this along, which is why your videos are quite important and we're thankful for them.
I hope you don't mind me offering a little critique 😀
Cedric was a good guest to have, however, I felt his 'style' didn't quite compliment yours...To offer you a compliment, one thing I personally enjoy about your videos is the succinct and clear way you deliver. I always think that it takes a more considered individual to 'say a little but mean a lot', something you do well and should keep honing.
Thanks again Louis
P.S. It's 'a-ge-re', roughly translated from Latin for 'action' 😀 (I P.S. this in jest before I'm thought of as a pedantic willy)
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Great!
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warren Buffet said on CNBS that in terms of cryptocurrencies,bitcoin will become to a bad ending,he just didn't understand bitcoin ond other blockchain based on digital asset,now when it happens or anything i dont know,i think its also the reason as to why he doesnt want to invest in it
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But Mortgage Back Securities were a great idea right?....and that was mainstream and regulated for years before it proved to be a scam
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100% right.
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Waiting for Giant Tech company to have their own CrytoCurrency
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Hello guys pls help me upvote and resteem i am new here https://steemit.com/life/@jossysylvester/after-effects-of-butt-implantation
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@louisthomas thanks for the great info like always. As for the question, all big tech companies already have all the requirements to create their own coin such as money, staff, hardware and software so why wouldn’t they.
The terrifying thing is that all these companies can do a better job then most cryptocurrencys out there and come out with a product that can potentially shake the whole crypto market down . Will they use decentralised blockchain? I don’t think so...
Most ICO’s are Ponzi scheme @saucyofficial, so guys be careful out there do your research before getting involved in any coin offerings.
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Titles like that always make me uncomfortable.
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As a new member of these platform please tell us more
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Cool
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what a total bullcrap..heading is 1000x and content is total bogus any techie can answer..
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LMAO!
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Nice info guys.
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Currently, http://bit.ly/spaceminingcrypto gives you insane returns. 10% a DAY! Whether it's a ponzi scheme or not, they payout. I don't care about ethics, all I care about is "Does it make me money?" They currently have the best returns I know of.
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Cool collab fellas!! Awesome thoughtful analysis.
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That's a really interesting point of view,
What I personally believe is that, sadly, governments will soon take action to halt crypto's progress, it's simply something they don't want to succeed.
I don't mean they will actually stop crypto from becoming the future's currency, that's an unstoppable fact, but they will give it their all by creating restrictions, propaganda and all in all fear in the common populace.
It depends on us, the early adopters to make sure they don't succeed and finally creating a decentralized economy, free from political agendas and greed.
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cool info
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Around the 10 min mark you mention cyrptocurrencies are grossly overvalued... Cryptocurrencies in reality have zero value. What makes them valuable is acceptance in the market that creates demand along with a few other principles. Basic econ theory. Until more of the population (businesses and common folks like you and me) accepts the technology, the coins will continue to carry little to no value. Which is why it is important to minimize comments from the Warren Buffets of the world. His comments create fud that lead to a lessening of the value of the valueless "currency".
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Don't even front. It's all about who you know and connect with on this platform.
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Impressive! great collabration with another youtuber! Fresh Content!👍 👍👍😎
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Follow me i will follow back thanks
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great article , keep the good work
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Lightning + Segwit = BTC LOVE!!!
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Great collaboration!
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I am looking for some good blog sites for studying. I was searching over search engines and found your blog site. Well i like your high quality blog site design plus your posting abilities. Keep doing it.
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There alot of companies and housing and others beginning to get into it other chains banks countries and so on are looking into it so it looks very promising
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I think a effective strategy to make huge returns always is to always know that there is a chance you won't. With that kind of mentality and preparation, you will always make the smartest and best decisions which in the end will pretty much always pay off. =] nice vid and post man, thanks for sharing!
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Upvote Dan follows me thank @atjehsteemit
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Nice team up!
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get you some of dem gains!
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@rizvy
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Hello,
Thank you very much for sharing your valuable post, Well My Name is Eally Roy, I just upvoted and following you! I have found similar content that readers might be interested in:
https://steemit.com/cryptocurrency/@indiancrypto/markets-stir-after-media-re-reports-s-korea-s-anonymous-trading-ban-known-since-december
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This is very informative. Thanks for sharing this.
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excellent your collaboration video. thanks for posting
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Loved the video and the coloration!
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Nice
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Good advice and very informative.
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Congratulations @louisthomas!
Your post was mentioned in the hit parade in the following category:
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wow, i love your concept, wanna see more post like this, crypto is the future, keep aware us of the latest news, keep in touch buddy.
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thanks your post!
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I am subscribed to Cedric in YouTube and got bell button on. He introduced to me Network Effects, Metcalfe's law, and all that. He has unique pitch and not just the technical side but the "bird's eye view" on the crypto-verse. Genuine person as well telling a story how he lost $2M in crypto.
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TO THE MOON! Lets do it steemers.
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Another excellent article
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