Bitcoin Scaling Debate Reaches Boiling Point

Featuring Tuur Demeester

Tuur Demeester of Adamant Research, examines how far cryptocurrencies have come in the past eight years, questioning whether we are in a bubble or state of viral adoption in the sector, while also providing some essential analysis on the current scaling debate in Bitcoin. Filmed on June 5, 2017, in Fort Worth.

Published on
12 June, 2017
Topic
Technology, Crypto-currencies
Duration
31 minutes
Asset class
Cash, Currencies, Crypto-currencies
Rating
33

Comments

  • bs

    bob s.

    18 1 2018 19:02

    0       0

    nice guy-smart guy. agreed what is hashgraph going to do to blockchain?

  • CS

    Carey S.

    1 1 2018 09:29

    0       0

    Check out Hashgraph.

  • LC

    Lloyd C.

    28 8 2017 08:46

    0       0

    None of the key core developers now are early adopters. Not Greg, not adam, not luke jnr

  • LC

    Lloyd C.

    28 8 2017 08:44

    0       0

    He's overstating the problem of blockchain bloat

  • LC

    Lloyd C.

    28 8 2017 08:39

    0       0

    Tuur told everyone to sell ETH at the end of 2016. I'm not sure why anyone listens to him

  • RE

    Richard E.

    18 8 2017 16:14

    0       0

    Is it true that 3 of the top 4 miners are Chinese firms? If so, do we really think there are no 'state actors' in the bitcoin network? Is that a little naive?

  • RI

    R I.

    9 7 2017 04:37

    0       1

    Interesting but Institutional money will never touch this space.

  • PZ

    Petr Z.

    29 6 2017 16:58

    0       0

    Do you see value in LTC if Segwit is activated on BTC?

  • AS

    Avneet S.

    27 6 2017 09:44

    0       0

    In terms of UASF happening and the new UASF winning over 50% mining, what would stop someone from spending the coins they had on the losing chain before UASF won over 50% and retaining the coins they had on the winning chain?

  • JG

    Justin G.

    20 6 2017 01:50

    2       1

    Does anyone know if there is an options market for bitcoin or eretheum that I can be short through puts?

  • CA

    Craig A.

    18 6 2017 08:18

    1       0

    Do you mind putting the names of sources in writing. There were some complex names there.
    Also I was recently told that Ethereuem is now more secure than Bitcoin by a friend of mine. It that true, and if it is have does this affect Bitcoin?

  • RM

    Rainer M.

    16 6 2017 16:14

    1       0

    Great interview and thoughts Tuur

  • GS

    Gordon S.

    14 6 2017 13:54

    1       0

    Excellent presentation, thank you Tuur and also thank you for taking the time to reply to comments here! Assuming no hard or soft fork, how would the transaction cost vary over time? How much are those transaction costs dependent on the price of BTC itself? I wound be interested, if assuming a price crash, could the relative transaction cost explode so much as to basically suffocate BTC? (I.e. transaction cost higher than the price of BTC?) Could something like that even be induced by a flash crash?

  • sp

    shashwat p.

    14 6 2017 06:37

    2       0

    This sounds like science fiction XD

  • TS

    Thomas S.

    14 6 2017 05:33

    1       0

    Great presentation Tuur! I would like to know how you short ethereum or any other cryptocurrency?

  • RL

    Russell L.

    13 6 2017 11:59

    3       0

    Are there date stamps on videos? Would be useful. First thing I look for.

  • DY

    Damian Y.

    13 6 2017 10:33

    8       6

    Yeah Bitcoin is the future.
    Visa 24,000 transaction per second. Bitcoin 7 transactions per second
    One Bitcoin transaction uses more than 1,000 times more energy than one Visa transaction.
    Visa has already developed B2B Connect using blockchain infrastructure.
    Technology changes very quickly and in the near future you'll be hearing about some new amazing technology. Now it's ethereal that will be the next big thing, what will it be next?
    Bitcoin is a bubble waiting to explode.

  • KJ

    Kulbir J.

    13 6 2017 05:52

    1       0

    What is the best entry point for Bitcoin?

  • SR

    Steve R.

    12 6 2017 21:52

    6       3

    I think Raoul totally nailed it in his last GMI report - If I have 1Kg of gold and keep it for 10 years then I will still have 1Kg of gold in 10 years - it does not change its form. Bitcoin (as Tuur is describing here) is changing constantly and (under certain circumstances) you may loose your bitcoins. If I put 100 bitcoins in a 'vault' for 10 years, would they still exist after 10 years? Its highly unlikely IMO. What guarantees exist? They don't. Its just software, and software changes are happening exponentially. Bitcoin therefore cannot be a store of value, its mutatable. Blockchain is the 'break-through' technology. Bitcoin is just a transfer of value mechanism.

  • RA

    Robert A.

    12 6 2017 20:32

    6       1

    Another excellent BC presentation. Even within our RV TV eco system there is a meaningful and well reasoned debate, e.g., Raoul and Mark Hart. Very exciting to see and experience this whole digital currency evolution and as usual, RV is on the cutting edge for us!

  • CB

    Conor B.

    12 6 2017 17:10

    1       0

    Did he say he was short Ethereum last year? How do you short CCs? Also what was the logic behind being short in 2016? Sounds like a wildly asymmetric position in the wrong direction.

  • GS

    Garrett S.

    12 6 2017 17:07

    9       3

    I love reading gold and PGM bulls negative comments on the Bitcoin. For a living, I'm a partner of the biggest processor of automobile catalysts for Platinum, Palladium, and Rhodium recovery in Michigan. I'd like to meet some of these so called "gold PGM bulls, bitcoin bears" and talk to them about my true feelings of why I'm so bullish the Bitcoin long term. I'd also like to show them I buy and sell more ounces PGMs in one week than they probably will in their lifetime. Yes I'm bragging but that isn't the complete reason of why I'm stating that. I'm stating that for one reason and one reason only. In my business hedging metals on a weekly basis is vital in retaining profits. With that said, I think these gold bulls bitcoin bears fear that in a gold bull market the Bitcoin has the possibility to take some of their market cap. Accepting that possibility should ultimately make them want to diversify. From my experience, accepting the idea of no absolutes is always the better way to profit.

  • MS

    Matt S.

    12 6 2017 16:59

    6       1

    Isn't there a danger... that these "core developers" as this thing takes off really big time... see themselves as the overlords of Bitcoin? I mean, it's human nature. If big money is at stake, fiat currencies are potentially threatened, governments are becoming involved in a big way as is the law.... these people will become increasingly more prominent and revered in the same way Janet Yellen of the Fed is today? Their decisions will be affecting many people and much money.

    So in a way... it may be "decentralized" now but in the future.... these core developers will essentially centralize it. No?

  • MS

    Matt S.

    12 6 2017 16:40

    7       2

    Really fantastic - I think finally, I "get it" !

    (not what it is, but what it means to the world)

    This guy is smart and lucid - great video!

  • ns

    niall s.

    12 6 2017 15:32

    4       15

    Back in 1999 financial TV was loaded with Geeks talking riddles about the dangers of Y2K , Billions was spent ( flushed down the toilet ) to "tackle the problem" .
    In 2017 the Geeks are back in force , listen to Geeks at your peril .

  • TM

    The-First-James M.

    12 6 2017 13:14

    7       1

    This was an awesome summary of the present situation; particularly with respect to the scaling debate. It's clear there are still significant risks, but fortune favours the bold (or is that, the foolish ;)).

  • EG

    Eduardo G.

    12 6 2017 12:35

    2       2

    I'm only half way through the video, but the chain split which may happen in a couple of months sounds like a "mutation" of Bitcoin, where if you end up on the "wrong chain" you'll face extinction. Amazing!

    ...right, I'll geek-off now :)

  • TJ

    Terry J.

    12 6 2017 12:24

    10       0

    Awesome way to start the week with this masterclass on bitcoin and cryptocurrencies. I learnt so much. I can see why bitcoin is rightly or wrongly perceived as more attractive than gold by most millennials, hence the reference to "digital gold", but as Andrew S suggested, why not hold both?

  • AS

    Andrew S.

    12 6 2017 11:25

    10       1

    Great interview. No one knows exactly how the bitcoin story plays out but it is unthinkable not to have some exposure to this wave of the future....... and yes, you can own both gold and bitcoin at the same time and still retain the ability to function..