Mike Novogratz on Investing, Bitcoin, Ayahuasca, and ...

Evaluating Mike's "Bitcoin is dead" claim

Most people probably realize that Mike's "Bitcoin is dead" claim is false, but I haven't seen anyone explicitly point out the problems with it, so I'll give it a shot.
the flow of information to investors and users has dried up.
Yes, it is bad that /bitcoin and bitcointalk are engaged in censorship, but Mike makes this a way bigger deal than it is. There's some short term pain while these sources of info lose influence and people find other places to discuss things, but suggesting that the moderator of a subreddit and forum can actually kill Bitcoin with his moderation policies is extremely overblown.
For the first time, investors have no obvious way to get a clear picture of what’s going on.
Any half-intelligent investor will be able to find information not on /bitcoin or bitcointalk.
But it quickly became apparent that the Bitcoin Core developers were hopelessly at loggerheads.
Mike talks about how the Core developers are part of the reason Bitcoin is "dead", because they won't approve a block size increase. Mike tried to get the community to switch away from Core and failed, so now he seems to think that other attempts to bypass Core will fail. What Mike doesn't acknowledge is that he and Gavin did a pretty bad job at building consensus for their hard fork attempt. Part of this was a miscalculation that they should try an aggressive block schedule in the first hard fork. Jon Toomim seems to have a better temperament for building consensus, and is also employing a better strategy of starting with a small hard fork to get more people on board. It seems likely that Bitcoin will fork to 2 MB on account of the Classic project.
I agree with Mike that we should raise the block size quickly so that usability remains good as Bitcoin grows, but Mike implies that Bitcoin is broken right now. If you look at the actual state of the network, nothing that bad has happened yet.
Couldn’t move your existing money
If you look at Statoshi, you can see that since January 2015, you can always get a tx confirmed quickly by paying ~10 cents.
Had wildly unpredictable fees that were high and rising fast
Is suffering large backlogs and flaky payments
Fees and confirmations are only unpredictable if you are trying to pay the absolute minimum that you can get away with. It's true that if you try paying 0.8 cents for your tx you won't be too sure if it'll confirm in the next block or in 10 blocks, but if you pay 10 cents, you can be almost certain it will confirm very soon. You can also see on Statoshi that fees are not "rising fast" yet.
The block chain is full.
The only thing that matters to users is how high their tx fees have to be for their txns to be confirmed within a given time. Looking at the fullness of blocks does imply rising fees in the future, but users are not experiencing much pain right now. Mike's argument is "Bitcoin is broken now", but if you look at fees it isn't broken now.
the block chain is controlled by Chinese miners
These miners could harm Bitcoin in the short term if they wanted, but miners are generally very concerned about PR because they know that users hold power in the long run. Users don't actually have to listen to what miners' want. So if we let Chinese miners tell us what the blocksize should be, it's because users are voluntarily delegating their power to them, not because the miners are in a position of power. Here's more on why miners have little power.
submitted by go1111111 to btc [link] [comments]

Novogratz Mike: Bitcoin to Trade Between $3,000 - $6,000 Range, Increases Over 20% in Just 4 Days

Novogratz Mike: Bitcoin to Trade Between $3,000 - $6,000 Range, Increases Over 20% in Just 4 Days submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Was shown this today by my friend Mike. Bitcoin is simultaneously going to zero and to the moon on the same day :)… https://t.co/8MTXiYA2eN - Crypto Insider Info - Whales's

Posted at: December 19, 2018 at 04:21PM
By:
Was shown this today by my friend Mike. Bitcoin is simultaneously going to zero and to the moon on the same day :)… https://t.co/8MTXiYA2eN
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submitted by cryptotradingbot to cryptobots [link] [comments]

Mike Bitcoins with Cgminer on Ubuntu

Mike Bitcoins with Cgminer on Ubuntu submitted by linuxhint to linux_tutorials [link] [comments]

Evaluating Mike's "Bitcoin is dead" claim /r/btc

Evaluating Mike's submitted by BitcoinAllBot to BitcoinAll [link] [comments]

If you're stressed out by Bitcoin 20% price drop , Watch this video by Mike Maloney on how the government, Federal reserve and the treasury and the big banks has robbed our freedom and wealth using Fiat currencies. Bitcoin can be used to fight and wipe out those scammers. We are early.

If you're stressed out by Bitcoin 20% price drop , Watch this video by Mike Maloney on how the government, Federal reserve and the treasury and the big banks has robbed our freedom and wealth using Fiat currencies. Bitcoin can be used to fight and wipe out those scammers. We are early. submitted by Ostrich-Positive to Bitcoin [link] [comments]

Mike Hearn explains why the Bitcoin community keeps splitting. BTC-BCH, BCH-BSV, BCH-ABC.

submitted by jbrev01 to btc [link] [comments]

The BTC sabotage: a 2016 article from Mike Hearn detailing how Bitcoin got derailed & he quit

The BTC sabotage: a 2016 article from Mike Hearn detailing how Bitcoin got derailed & he quit submitted by doramas89 to btc [link] [comments]

Race to Launch Bitcoin and Crypto Services Will Now Spread Through Banking Industry, Says Galaxy Digital's Mike Novogratz

Race to Launch Bitcoin and Crypto Services Will Now Spread Through Banking Industry, Says Galaxy Digital's Mike Novogratz submitted by HashMoose to CryptoCurrency [link] [comments]

"Bitcoin Won't Be Used as Currency in Next 5 Years" Predicts Mike Novogratz...

submitted by maxman72go to CryptoMarkets [link] [comments]

Mike McGlone believes bitcoin to be greatly undervalued as current price-action is in contrast to key on-chain metrics which suggest a $15,000 valuation

submitted by WaggishNickel to CryptoCurrency [link] [comments]

Bloomberg Analyst Mike McGlone: Nothing Will Stop Bitcoin Price From Appreciating

Bloomberg Analyst Mike McGlone: Nothing Will Stop Bitcoin Price From Appreciating submitted by vinnie_chapman to Bitcoin [link] [comments]

Bitcoin is like 'digital gold' and won't be used the same as a traditional currency in at least 5 years, billionaire investor Mike Novogratz says

submitted by devboricha to CryptoCurrency [link] [comments]

Mike Novogratz likes stocks, bitcoin ahead of the election: 'The liquidity tsunami is just too big'

Mike Novogratz likes stocks, bitcoin ahead of the election: 'The liquidity tsunami is just too big' submitted by pale_blue_dots to CryptoCurrency [link] [comments]

If you're stressed out by Bitcoin 20% price drop , Watch this video by Mike Maloney on how the government, Federal reserve and the treasury and the big banks has robbed our freedom and wealth using Fiat currencies. Bitcoin can be used to fight and wipe out those scammers. We are early.

If you're stressed out by Bitcoin 20% price drop , Watch this video by Mike Maloney on how the government, Federal reserve and the treasury and the big banks has robbed our freedom and wealth using Fiat currencies. Bitcoin can be used to fight and wipe out those scammers. We are early. submitted by GoldenRain99 to CryptoCurrency [link] [comments]

Bitcoin is like 'digital gold' and won't be used the same as a traditional currency in at least 5 years, billionaire investor Mike Novogratz says

Bitcoin is like 'digital gold' and won't be used the same as a traditional currency in at least 5 years, billionaire investor Mike Novogratz says submitted by pale_blue_dots to CryptoCurrency [link] [comments]

"But your attempt to convert Bitcoin into that altcoin by exploiting a temporary hack is desperate, and deeply upsetting to many people. Not many quit their jobs and created companies to build products only for today's tiny user base." - Mike Hearn, July 2015

submitted by mkgll to btc [link] [comments]

Mike Novogratz likes stocks, bitcoin ahead of the election: 'The liquidity tsunami is just too big'

Mike Novogratz likes stocks, bitcoin ahead of the election: 'The liquidity tsunami is just too big' submitted by sexyama to crypto_currency [link] [comments]

"Bitcoin Won't Be Used as Currency in Next 5 Years" Predicts Mike Novogratz...

submitted by maxman72go to CryptoNews [link] [comments]

Bloomberg Analyst Mike McGlone: Nothing Will Stop Bitcoin Price From Appreciating

Bloomberg Analyst Mike McGlone: Nothing Will Stop Bitcoin Price From Appreciating submitted by vinnie_chapman to CryptoNews [link] [comments]

Bitcoin se está convirtiendo en una inversión con menos riesgo, según Mike Novogratz

Bitcoin se está convirtiendo en una inversión con menos riesgo, según Mike Novogratz submitted by raaner12 to CryptoMonedas [link] [comments]

As Digital Gold, Bitcoin is “Just Going to Keep Going Higher,” says Galaxy’s Mike Novogratz

As Digital Gold, Bitcoin is “Just Going to Keep Going Higher,” says Galaxy’s Mike Novogratz submitted by bitcoinexchangeguide to BitcoinExchangeGuide [link] [comments]

What Is Bitcoin? Mike Maloney - YouTube Mike Maloney - QE Infinity Will Ignite Bitcoin, Gold ... Bitcoin Mike - YouTube Mike Novogratz on Bitcoin, Macro Trading, Ayahuasca ... Mike Satoshi - YouTube

Crypto market leaders were quick to weigh in, including bitcoin bull Mike Novogratz. The Galaxy Digital chief reminded his crypto friends that in America, you are innocent until proven guilty. He added that while he does not have any insight into the case, he wishes Arthur Hayes well. In addition, he addressed the elephant in the room, which is the bitcoin price and the future of the ... Mike Novogratz on Investing, Bitcoin, Ayahuasca, and Running Through The Sahara Desert (#451) 9 Comments. Topics: Categories The Tim Ferriss Show. Share this: Facebook; Twitter; Email; Reddit; Print; Join 1.5M+ subscribers and receive exclusive tools, tips, and resources sent directly by Tim: Type your email address . Yes, sign me up for Tim's free email newsletter. I agree to the privacy ... Mike Novogratz likes stocks, bitcoin ahead of the election: 'The liquidity tsunami is just too big' Published Fri, Oct 23 2020 10:27 AM EDT Jesse Pound @jesserpound Mike Hearn is a Bitcoin developer and former senior software engineer at Google, where he worked on Google Earth, Maps, Gmail, anti-spam and account security.He now works full time on the Bitcoin system doing app development, research and work on the protocol. He is the original author of Bitcoinj and a former contributor to Bitcoin Core.He quit Bitcoin in January 2016. Mike Hosking Bitcoin Rush. Mike Hosking wurde auf mehreren technischen Websites und in Mediennetzwerken mit Bitcoin Revolution in Verbindung gebracht. Wir haben jedoch keine Informationen gefunden, die diese Behauptungen stützen könnten. Trotzdem behauptet Bitcoin Rush, eine Genauigkeit von 88% zu haben und Aufträge auf dem Kryptomarkt automatisch ausführen zu können. Anleger können mit ...

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What Is Bitcoin? Mike Maloney - YouTube

️ TEEKA TIWARI - Investment of the Decade: http://2020.cryptonewsalerts.net Bloomberg Intelligence commodity strategist Mike McGlone says Bitcoin is set for... Mike Novogratz on Bitcoin, Macro Trading, Ayahuasca, Redemption, and More Brought to you by Magic Spoon (http://magicspoon.com/tim), Four Sigmatic (http://... We are miners from 2013 looking to create community and help train and learn together as blockchain tech changes so quickly. Leave your thoughts in the comments, call in, ask us anything. Thank ... Mike Maloney - QE Infinity Will Ignite Bitcoin, Gold & Silver Today we sit down with Gold & Silver investing guru Mike Maloney. Mike & his team also created ... Hey guys this is a channel where we discuss cryptocurrencies, precious metals, the rich-mindset lifestyle, and life in general. Hit the subscribe button, giv...

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