Do we need Alts? Making the case for Bitcoin Maximalism!
1 month ago
#Bitcoin #Altcoins #BitcoinMaxis #DoWeNeedAlts #IGotChallenged #AltsVsBitcoin
👋JOIN THE COMMUNITY: http://www.patreon.com/investanswers
DISCLAIMER: InvestAnswers does not provide financial, investment, tax, or legal advice. None of the content on the InvestAnswers channels is financial, investment, tax, or legal advice and should not be taken as such; the content is intended only for educational and entertainment purposes. InvestAnswers (James) shares some of his trades as learning examples but they are only relevant to his specific portfolio allocation, risk tolerance & financial expertise, may not constitute a comprehensive or complete discussion of such topics, and should not be emulated. The content of this video is solely the opinion(s) of the speaker who is not a licensed financial advisor or registered investment advisor. Trading equities or cryptocurrencies poses considerable risk of loss. Kindly use your judgment and do your own research at all times. You are solely responsible for your own financial, investing, and trading decisions.
01:19 How To Challenge IA
01:32 Patreon Member “Airstyle” Challenges IA
02:00 Airstyle says…Decentralization
03:20 Nakamoto Coefficient Top Layer 1’s
04:03 Bitcoin Energy per Tx vs VISA 2022
04:29 2188 KwH in Perspective
05:27 Airstyle says…Everyone Can Participate Within The Network
06:00 Why Bitcoin Can’t be Banned?
06:14 Cost to Run a Bitcoin Node
07:15 Airstyle says…Quick, Cheap & Low Energy
07:32 Strike & Lightning are Game Changers
08:26 Lightning Network App Users
08:56 Enter ETH - Vitalik claims Competitive w Visa
09:31 SOL $500 Transfer Cost $0.000006
10:23 Airstyle says…BTC As World Reserve Currency
10:50 Yes - Bitcoin is Better Money
11:29 Bitcoin is Better Than Gold & FIAT
12:14 Airstyle says…BTC Has a Strong Narrative: “Digital Gold”
12:50 Commodity Branding is the Ace in the Hole!
13:46 120 Yrs Global Reserve Currency Development
14:44 Airstyle says…Adoption & Worldwide Interest
15:26 BIS' Basel Committee
16:21 $ Printing & Inflation is a Powerful Govt Tool
17:00 Oh - and Transfers are how Officials Get Elected
17:54 Airstyle says…Regulation
18:53 Bitcoin = Morality!
19:19 Surveilled Permissioned Ledgers
19:56 Govt Can Reach All
20:28 Airstyle says…BTC Survives & Thrives
21:00 Great - 18,000 to Go!
21:44 Airstyle says…BTC Only-Wallet
22:31 Airstyle says…Fixed Supply & Deflation
22:53 According to Cane Island Digital Research (CIDR) 4% of circulating bitcoins are lost every year!
23:01 BTC Year 2048 w 1% Drain
23:40 Airstyle says…Distribution of Coins
24:34 Bitcoin Held by Retail ATH at 17%
24:47 Aggregate Cohorts
25:36 Airstyle says...Alts & Fiat Incentive
26:11 Smart Contract Platform Inflation
27:05 Airstyle says…DAPPs and NFTs
27:48 NFT & Blockchain dApp Risk
28:47 Airstyle says…BTC Risks
29:25 Miner Risk
30:00 Re MSTR & Satoshi Risk
30:34 Airstyle says…Alt Gains
30:47 It all goes back to Metcalfe’s Law
32:09 Summary of all Points