Re: [Cryptography] Cryptocurrency: Rubin Report with Roger Ver, plus Rick Falkvinge on RT

On 11/28/17, Ben Laurie wrote:

On 27 November 2017 at 23:15, grarpamp wrote:

...

https://www.youtube.com/watch?v=N6NscwzbMvI

Rubin Report: Roger Ver (Bitcoin Investor) joins Dave to discuss Bitcoin 101. Bitcoin is digital money used for secure and instant transfer of value anywhere in the world. It is not controlled or issued by any bank or government, instead it is an open network which is managed by its users

https://www.youtube.com/watch?v=l6Obc_cJba4

RT's Sophie: The digital currency Bitсoin, once a toy for computer nerds, is now soaring in price, triggering a new gold rush. Is it just another bubble, or a glimpse into a radically different financial future? We ask Rick Falkvinge, CEO of BitCoin Cash and founder of the Swedish Pirate Party

Two fine conversations covering crypto technological, social, political, monetary... worth passing on.

Let me guess.

Yes, the above disclosed act of guessing would be precisely the case of all those who reply that have not watched the videos, further evidenced by their lack of quoting some actual content from them for discussion. So maybe we must guess the two that follow may mean possible general crypto areas of: A) Crypto investing? Perhaps must try to further divine what components were being thought of in the below note...

People who stand to make a ton of money out of it think its a fabulous idea.

Therefore investors investing in Google, or in the traditional stock markets, or in any other business venture, is also not a fabulous idea? Google exists to make tons of money [1], and stands to make tons of money out of any successful offering it makes in the cryptocurency space, therefore that would not be a fabulous idea? [2] Or is it that even late comers (adopters) to any investment that by many analysts (even now by Wall Street) is still expected to outperform other investments over various timeframes, would not be fabulous idea to still diversify into that? Or perhaps it is investing in things that use and rely on crypto, such as companies or crypto products, or even cryptocurrencies themselves, in particular any crypto that has no proof beyond powers of two odds estimates as to difficulty of attack, that would not be a fabulous idea? What about reviewing, talking about, publishing news of, advocating for, advertising, even believing in, crypto things, would that not be fabulous idea? [1] And by extension it's founders boards of directors, executives, shareholders and investors, including both retail and employee stock purchasers, employee wage earners, suppliers and customers, etc. [2] To wit, even Paypal and its ancient model made / makes tons of money. B) Decentral cryptocurrency tech / regulation / etc vs old world versions of same

Also, instant transfer? Oh really?

Yes really, decentralized cryptos as a class are generally faster than most old world transfer schemes... even for each sub component of transfer such as: preparing to and winding down from send/receive, actual pushbutton transmission event to first visible ledger entry, through settlement / confirmation / guarantee of transfer / deposit periods, and any human / digital approval periods, required pre and post regulatory paper filings, taxes, etc.