This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.

Will Yours.org Replace Steemit? What Do You Think?

Episode Highlights:

  • 00:03 – Yours.Org
  • 01:23 – You Can Buy Into Additional Content

Grow your cryptocurrency investments with personal one-on-one coaching from Crypto Camacho. Click HERE

Join Over 10,000 Members >

Transcription:

 

Hey, what’s up, guys? It’s Dan again from Crypto Camacho

00:03 – YOURS.ORG

And hey guys right now I literally just signed up for a new platform called yours.org. so, yours.org it’s kind of a new version or a new social network kind of like steamit, but it’s based on Bitcoin cash and it’s a social network. It’s a social community where you get paid for the content you produce. So, if you can see right here on the screen, there are blog posts basically that people have posted and you can see the kind of right here there are people that are voting for how much money this particular post should be paid for this particular content right. So, there are a couple different ways you can earn money on yours.org. You can publish just like a blog post right. And I’ll just click on one for example. You can publish a blog post like this like you would on any type of blogging platform. And you can see it’s just a blog post right. And then people go to the bottom of your post or the top view of your post right and they actually can upvote your post. And you can earn $0.25 right. And so that’s kind of one way you can also tip people for the content they produce at $0.25. And so, you can see there have been a number of people that have either voted or tipped. And you know this particular article and blog post has actually made some money right. So, that’s kind of the first thing.

01:23 – YOU CAN BUY INTO ADDITIONAL CONTENT

The second thing is that you can buy into additional content right behind a paywall. So, the paywalls are blocked by a Buy button right here. Look this is a Buy button for example and if you buy this, if you click to buy you can actually you can actually go and buy whatever content it is behind this paywall. And the author of the content can actually make some money right. And then you can see the reviews of people that are saying it is or it is not worth paying for. And you can see the amount of money people have actually paid to view this content behind the wall. You can see how many people have tipped, how many people have voted on the particular content right. This gets really, really interesting when you start talking about microtransactions and micropayments right. Because you could essentially earn cents for content that’s being produced and it can be quickly transacted in Bitcoin cash right. You could quickly set up a kind of payment wall or a payment gateway in which you produce content training materials, tutorials lessons, courses whatever you want behind this payment wall and people can then pay for the content in micropayments or however much you want. And they’ll be given access to that content behind the paywall right. So, this is a first attempt really not a first attempt but an attempt at building a new social network to take on the likes of Facebook and other large social networks, like Twitter and so forthright .it is to decentralize the social network from the corporation and actually create a decentralized and distributed social network platform that nobody in particular owns. That’s widely distributed cannot be shut down. And it can be you know people can actually earn money from the content, they produce based on the quality and based on the merit or overall value of the content that they produce right. So, I just signed up for yours.org I’m going to give it a while I literally just signed up like 5 minutes ago. I haven’t even added a picture; I haven’t connected my payment accounts or anything like that. So, I’m going to go ahead and connect to it and I’m going to start playing around with it. I’m going to start posting content to it. Initially, I’ll probably post free content right. so, blog post, videos, things like that I’ll post on here for free and you guys can you know go check out my blog post and whatnot on here on yours.org and then second I may produce some high quality content right. Some training materials or some tutorials or lessons or whatever it may be and I may put a payment gateway up. So, that the content if its training course for example; you would have to pay for that and I’m curious to know what you guys think. If you think that’s a good idea, if you think you know if you’d be willing to interact and try this out with me. It’s kind of an experiment to see how it works you guys. You guys don’t know that I have a steamit account, and my steamit account you know I used to publish my content on Steamit for quite some time. And I just wasn’t really getting any traction, wasn’t really getting too much you know traction on the platform in general. And I wasn’t really impressed with the capabilities and functionality of the platform. I do think Steamit has potential don’t get me wrong, but I think it was lacking overall. An overall kind of vision in guidelines and you can see that people on Steamit have actually stopped it kind of slowed down and the number of posts that they’re receiving. Again don’t get me wrong I think steamit has huge, huge potential in the future and it’s a great example of setting up a decentralized distributed social network based on Blockchain, but I just think that there were there are some issues with Steamit. Anyway so, yours.org is something else I’ll be trying out. And I’ll let you know how it goes. If you guys have signed up let me know. I’ll put the link to my profile in the comment section of this video and I’ll let you know how it goes guys; Until next time I’m Dan from cryptocamacho.com. Thank you. Later see you guys

It’s Not Too Late to Get in on This Bull Run for Bitcoin Cash – Crypto Trading Opportunity

Episode Highlights:

  • 00:03 – Trading Opportunity
  • 00:14 – Bitcion Cash/Usd Chart On Binance
  • 01:17 – The Bitcoin Cash Technical Analysis

Grow your cryptocurrency investments with personal one-on-one coaching from Crypto Camacho. Click HERE

Join Over 10,000 Members >

Transcription:

 

Hey guys what’s up? It’s Dan here from cryptoCamacho

00:03 – TRADING OPPORTUNITY

Hey, guys I just want to show you a quick trading opportunity right here. I think Bitcoin cash is about to go up. It’s about to jump up to a new high from its recent lows.

00:14 – BITCION CASH/USD CHART ON BINANCE

Okay, guys, I’m looking at the Bitcoin cash USD teather chart on Binance and this is the chart right here. And the reason I think there could be a quick move in the next few days for Bitcoin cash to go up is, because right here…so, let me explain this to you guys alright. So, zooming out I’m using the hour charts here right. And historically we’ve gone way up and there’s been a huge downtrend as there has been with all other cryptocurrencies right. Huge, huge downtrend right. Okay, that is now starting to turn a corner right. You see all of these downtrends, and you see everything keeps going down, keeps going down, but now things are starting to turn just ever so slightly right here, which could indicate a new bull run about to happen right. It’s not a guarantee, but definitely an opportunity for a bull run to start in the other you know if you look at the other cryptocurrencies, you look at the other markets out there, the other coins all the markets are starting to turn and becoming bullish markets going from bear markets to bull markets now.

01:17 – THE BITCOIN CASH TECHNICAL ANALYSIS

So, let’s look at this opportunity that I’m talking about. So, if we zoom into the hour charts right here, we zoom into the hour charts and I’ll just zoom out a little bit. So, as we turn this corner right. You see this little pattern right here. We’re turning the corner, and we’re starting to go up, we’re starting to form a trend up right. So, now if I actually go and draw my lines at the start of this new channel, the start of the new channel is really right where the top levels of resistance start right. So, we can technically say that it started kind of maybe right here, right here, right here potentially right. And so, looking at those tops as the new channel that’s forming, I could then draw my lines against those tops right. Against those top channels of resistance sorry trying to talk and draw these lines at the same time. And we do the same thing on the bottom here, and I might need a zoom out a little here. Let’s do it right here. That wasn’t very good. Let’s see here all right. Okay so, let me adjust this just ever so slightly there we go and that needs to come up like that all right. So, the channel is forming kind of like this right. And it could actually be starting right here opposed to right here, but this will illustrate the point right. So, we see that the corner has been turned from a bear market to a bull market and when that happened, what it did is it created a new high. And the new high that I’m talking about is really just right here right. This is the new high that I was talking about when we turn the corner from a bear market to a bull market right. The next time we see the price goes down the low, the low of support is not quite so low as it was previously, and we see a new high above the previous high right, based on the last level of support and resistance. So, now we’ve seen a drop in the price of Bitcoin cash right here right. Here’s the drop in price chances are it will not fall below this line because that’s where the last level of support was. It’s typically going to fall a bit higher than that. And so, we’re technically like right here right. So, right there is where…okay so bear with me trying to delete this can’t work with Coinigy charts today for some reason. Okay so, that’s where it’s going to go right. Okay so, the next spot that if this is going to bounce to is likely going to be somewhere up here right. It could happen anywhere along this line. it could happen a little bit over here, it could happen here, but chances are it’s going to happen just slightly above this last line as we work our way up through the channel reversing from a bear market to a bull market right. It could actually end up being a lot higher than this right. It could end up being somewhere up here if the bull run you know keeps running up right. But to be conservative it may just run up to the line here, to the next kind of area of resistance up top. And if it does that, you’re looking at from today a percentage of at least 7, 8% and upward you know depending on how high it actually goes. But you can expect somewhere around the 5-10% range just by following this method alone alright. So, I just wanted to give you this quick little tip, quick little opportunity. I think Bitcoin cash is going to be going up at least 5-15% in the next let’s say the next 48-36 or so hours right. The next two to four days it’s going to be going up let’s say that. Hopefully, this is helpful guys? I’m Dan from cryptocamacho.com let’s see how this plays out. Make some money while you can day trade while you can. And if you haven’t done it, get in now guys. You haven’t got any crypto yet, go to Coinbase.com sign up and get some cryptocurrency guys. I’m Dan from cryptocamacho.com good luck.

The Killer App? Can Bitcoin Cash Overtake Bitcoin Core with Awesome Apps like CoinText?

Episode Highlights:

  • 00:04 – Bitcoin Cash
  • 00:36 – The Price Of Bitcoin Cash On Coin Market Cab
  • 01:15 – The Bitcoin Chart
  • 02:15 – Coin Text App
  • 04:38 – How Cointext Works
  • 05:32 – Bitcoin Cash Over Sms
  • 09:02 – Instruction On How To Use Cointext Through Your Mobile Phone
  • 09:18 – Faqs
  • 10:17 – Pyxpub

Grow your cryptocurrency investments with personal one-on-one coaching from Crypto Camacho. Click HERE

Join Over 10,000 Members >

Transcription:

 

Hey guys, what’s up? It’s Dan again from cryptoCamacho.com

00:04 – BITCOIN CASH

And hey guys, today I want to talk about the one and only Bitcoin cash. And the reason I want to talk about Bitcoin cash today is that there are some things in the works right now Bitcoin cash that I think is really interesting. The price is kind of fluctuating down with the market today, but I’m curious to know where you think the price can actually go tomorrow compared with the Ethereum, Bitcoin, and other cryptocurrencies. But I want to show you this app, and I want to show you an app that they just came out with, that utilizes Bitcoin cash because I think it has a tremendous potential to really be a game-changer in the market for a number of reasons.

00:36 – THE PRICE OF BITCOIN CASH ON COIN MARKET CAB

But first let’s go over to coin market cab, and let’s look at Bitcoin cash. So, Bitcoin cash right now is sitting at number four in terms of market capitalization on coin market cap. It’s recently been dethroned by Ripple as the number three cryptocurrency in terms of total market cap only behind Bitcoin and Ethereum. And interestingly, it’s still in the top five. you know it’s number four and overall market cap and I think it’ll stay there for a while if not going up you know further back to number three, but it’ll be interesting to see how Ethereum and ripple play out in the months to come.

01:15 – THE BITCOIN CHART

So, what I really wanted to talk about…look at this; okay so, the price of Bitcoin cash right now it’s about 692. The whole market is down right now. If you look at the Bitcoin chart, the BTC chart, it’s also about 6800 and it’s looking to now go down to create the double bottom which I think it’s going to create a double bottom about right there. Approximately, let me change the colour of that. Let’s go with yellow. It’ll probably go down to around 6000 if not even below 6000 to create kind of its last way before bouncing back up. Bitcoin cash is really doing the exact same thing. Here’s kind of the double bottom right here. It looks like it’s going a little bit lower, and it probably has the potential even to go down to around 600, 550 something like that before really retracing and coming back up you know in coming back up as the market corrects. I expect this to happen in the next month or two maybe less. But this has to play out. It has to correct and then you’ll see a bounce Back shortly after that. as the market starts heating up again.

02:15 – COIN TEXT APP

But I really wanted today to talk about a specific app called Cointext. So, CoinText recently came out, it was launched probably a couple weeks ago. Maybe a month ago and what it basically enables. it enables you to send, receive, and store Bitcoin cash over any phone through SMS without the internet at all. And it’s actually very, very interesting and a very, very cool service that they are providing here. And I wanted to go through a little bit and talk about CoinText, talk about what CoinText is, and wanted to talk about how this could affect the price of Bitcoin cash as well as other applications, other systems, other UIs, and interfaces that are coming out. That are being produced by either end chain, or other Bitcoin cash proponents to enable you know faster and more transactions, cheaper transactions by using Bitcoin cash right. Which you all know there’s a big debate right now about Bitcoin core, BTC versus Bitcoin cash BCH, and what really is the real Bitcoin. You know in reality it doesn’t really matter what the real Bitcoin is, it really only on what’s the utility of each coin right. That should ultimately determine what the value is of each coin. Right now the utility and the value of Bitcoin is largely, I think derived from you know fear of missing out people, fume own people, anticipating the price is going to go up on Bitcoin, putting their money in there, storing it as gold as a store of value and just leaving it in there. And not necessarily transacting with Bitcoin directly at all right. by paying for things, by sending people money in Bitcoin, by buying something on Amazon in Bitcoin, or at your local store with Bitcoin. That’s not really happening because Bitcoin core cannot scale the way everybody thought that it could. And now it’s becoming kind of this default store of value, because transaction fees are too high. Costs are too high. It’s too slow to transact over so forth and so on. So, what Bitcoin cash is actually trying to do is, they’re trying to follow the true vision of Satoshi Nakamoto. If you read in the white paper by creating a peer-to-peer electronic cash system; they’re doing that in a number of different ways, and one of the ways they’re doing that is by enabling different applications to make it much more easy to send, receive, and to store Bitcoin cash you know to anybody across the internet and CoinText is a way that this is actually happening.

04:38 – HOW COINTEXT WORKS

So, let me go through this a little bit. CoinText essentially, you’re going to ask for a regional number, you’re going to request a regional number and you’re going to text the word cash to your regions number. So, right I live in the US. So, I’m going to text you know this phone number right here, with the word cash and by doing that, it’ll actually create a seated wallet for me on the Bitcoin cash Blockchain itself. And my wallet will then be stored directly there right. And then I’ll be able to actually go and send, and receive Bitcoin cash through my phone while I’m not even on internet right. And that’s what they’re claiming here. I haven’t actually used this yet. And so, I just wanted to review it a little bit. I wanted to get the thoughts of the community and I am going to sign up here. And I’m going to start transacting with Bitcoin cash over my cell phone. And just see how it works. And when I do that I’ll obviously, let you guys see that happen and I’ll definitely show you how it works, because I’m very curious to see if it works well or not.

05:32 – BITCOIN CASH OVER SMS

So, Bitcoin cash over SMS. Transact Bitcoin cash with any type of mobile phone using simple text commands without the internet, apps accounts, or passwords. That’s very, very cool right. Simple secure and global and it will be built on top of the Bitcoin cash Blockchain.

05:52 – ABOUT COINTEXT

Okay so, find your number about CoinText probably worth reading. CoinText is a for-purpose project to deliver global finance to anyone with a mobile phone. Now I can see this being very, very useful for people in third-world countries that do not have access to banks, do not have access to cash on demand. But they may have mobile phones right? they could very easily use this to transfer wealth, or transfer value from one person, or one party to another person, or another party right; when they’re making an exchange as does any monetary system right. So, the ability to transact Bitcoin cash without the internet over SMS opens global market opportunities for billions of poor and underbanked people around the world. This is very true. I think it’s a very, very cool thing that they’re doing. And I think it’s going to propel the price of Bitcoin cash up higher even though it is down right now. But in the long term, I think by building applications like this; it definitely will help the cryptocurrency community gain adoption, it will help Bitcoin cash gain adoption, and it will become an actual you know tool that’s used and useful by people in their everyday lives. Right now a lot of people complain and ask why would I ever need Bitcoin right? Why would I ever even need it? But people in third-world countries will need Bitcoin, or Bitcoin cash to do transactions, because they may not have access to banks, and things like that right. So, it’s just kind of one reason or one facet. One thing I think is very cool about this app CoinText is that, there are text commands built into the service that allows you to receive, send, and check the balance of your Bitcoin cash directly on your phone. And literally, all you have to do is text different words in the…on your iPhone. You just text different words to a specific number and you’ll get all these commands. You’ll get all these things right. So, if you text for example, the word balance to your Bitcoin cash number, you’ll retrieve the balance in your wallet of Bitcoin cash that you have available right. If you text the word receive to the CoinText then you’ll be able to receive Bitcoin cash, you’ll get an address and you’ll be able to provide that to somebody else to send you Bitcoin cash over your phone right with or without internet. If you do send it, you’ll be able to send Bitcoin cash to somebody else and if you say send to address you’ll be able to send directly to a Bitcoin cash wallet right. Whereas send them out right here is you’re sending to your friends CoinText phone number, you’re sending Bitcoin cash directly to them. So, this is very, very cool and I’m very curious to know what you guys think of this and how do you think it will be adopted? I think for sure it’s going to be adopted in third-world countries and countries that don’t have access to banking. Not so sure if it’s going to be to adopt as well in the US, Australia, the UK, in more first world countries. I think it eventually will, but I think it’s going to take some time to catch on. And I think more merchants are going to need to accept Bitcoin cash before this will actually catch on. And I think that’s the key is getting the merchants to accept Bitcoin cash would be a complete game-changer right. Because I would love to pay for my services in Bitcoin cash, but most places, most people don’t accept Bitcoin cash as a form of payment. So, I can’t actually pay with it right. So, anyways one other thing I wanted to show you is the instructions here and again I’m going to sign up for this and make another video and show you exactly how it works. But right now I’m just trying to introduce you to what CoinText is. I’m not being paid for this; just think it’s a really cool service.

09:02 – INSTRUCTION ON HOW TO USE COINTEXT THROUGH YOUR MOBILE PHONE

So, this is instructions on again how to use CoinText through your mobile phone I went through these commands, these are just showing kind of demos of how the commands actually work. And then it goes into a little bit more specifics about how it works as well.

09:18 – FAQS

Frequently asked questions again, it just goes through how the actual service works and this service right here. It’s fairly similar to a service called circle right. So, if you remember I made a video maybe a week or so a couple weeks ago about an app called circle, which was recently acquired by Goldman Sachs. And Goldman Sachs bought this application as an acquisition to get their fingers into the cryptocurrency world. They also recently bought the exchange Polonex right. So, they’re trying to…Wall Street is trying to get their bloody fingers into cryptocurrency in all angles. I have been using circle, I think it’s a very cool app. it’s very similar to CoinText you don’t…you have to use Bitcoin cash. You could use a varieties of different cryptocurrencies and you text just like you do on CoinText. I’ve been pretty impressed with it. You can try this one out. I like this as well, but I’m curious to try out. CoinText and one other quick thing, when I say that merchants need to accept Bitcoin cash for it to really start skyrocketing and go up in price, and for tools like CoinText to be utilized, they are actually doing that right.

10:17 – PYXPUB

So, recently I stumbled across this tool called. It’s called Pyxpub.io right. A private payment gateway and point-of-sale solution for Bitcoin cash and I thought wow! That’s pretty interesting. It’s an open source interface, or point-of-sale system utilizing Bitcoin cash. And I think it’s pretty interesting. I played around with it a little bit on this live demo. I think it has a ways to go, but you can do simple things right. Like, make orders right here in Bitcoin cash. You can see a ledger in Bitcoin cash; you can make a payment in Bitcoin cash and in other Cryptocurrencies as well. And you can set up really this store this interface if you will, however, you would like right. So, that’s pretty cool that Bitcoin cash is doing that as well. But anyway I’m Dan from cryptoCamacho.com hopefully this was helpful? I’m very curious to see how you guys think CoinText will play out. If you’ve used it, let me know I’d love to get your opinion on that. But again I will talk to you next time. If you haven’t subscribed click on that little red button below on this video and you will get daily updates from me crypto Camacho see you guys.

The Truth Behind One of the Biggest Debates in the Crypto Community Today

Episode Highlights:

  • 00:00 Introduction
  • 00:29 Bitcoin Fork
  • 01:26 Bitcoin Core Vs. Bitcoin Cash, Which Is The Original?
  • 02:46 Bitcoin Cash Trading In The Market
  • 03:34 Bitcoin Cash And Bitcoin Core’S Blockchains
  • 05:23 Bitcoin Core Is Gold
  • 07:14 Lightning
  • 11:08 Articles On Lightening Networks
  • 13:08 Who Is Behind Bitcoin Cash?
  • 15:43 Has This Been Planned All Along?
  • 17:41 Your Thoughts And Comments

Grow your cryptocurrency investments with personal one-on-one coaching from Crypto Camacho. Click HERE

Join Over 10,000 Members >

Transcription:

00:00 Introduction

Hey guys what’s up again, it’s Dan for cryptoamacho.com, and today I have a topic I want to talk about that’s been intriguing to me for a long time, it’s been kind of bugging me for a little while and it’s definitely a very debatable and controversial topic but I’m very interested in it because it has some significant or profound impacts, it could, depending on what happens through 2018. I’m talking guys about Bitcoin core and Bitcoin cash and the debate between the two coins.

00:29 Bitcoin Fork

so, if you guys remember back in August of 2017, Bitcoin had an initial hard fork, and what that means is that Bitcoin essentially split into two, and the remaining was Bitcoin core and Bitcoin cash was the newly created blockchain supposedly that came out from this hard fork that happened in August. Since then we’ve seen highs and lows on both coins, if you go to look at Bitcoin, we’ve seen, since that fork has happened, we’ve seen the price of big one go all the way up to twenty thousand, now all the way down to about eight thousand-ish, it went down to about seven thousand today. Bitcoin cash very, very similar, when up to about forty-two hundred, now down about a thousand, went down to about a thousand just a few days ago. Both coins had gone up tremendously and have dropped about 70% since their top, since they’ve been at their high for the year. And that was all really happened in the last, let’s say, two months it’s happened.

01:26 Bitcoin Core Vs. Bitcoin Cash, Which Is The Original?

And now there is still an ongoing debate on which blockchain is actually the original Bitcoin, which one is Bitcoin? Is it Bitcoin Core or is it Bitcoin cash? And I’ve been watching how this plays out in the last several months, since August. In August I had no idea, what is this?  What’s going on? I had no idea, I got some free Bitcoin cash, so forth and so on, just like everybody else, if you own some Bitcoin, you got some free Bitcoin cash, and I’ve been watching how this plays out. And the more and more I watch how it plays out it’s becoming very, very evident to me that more and more and more service providers, application or app creators, influencers, exchanges, they’re all starting slowly to support and accept and adopt Bitcoin cash. Now there’s something to that, for me, that says there’s something to this Bitcoin cash, there’s something to the technology, there’s something to what’s going on in the market, otherwise, why would all these different people start accepting and creating applications and building out infrastructure for coin cash. That’s kind of point number one, so whether or not you’re an ideologue and you believe that Bitcoin core is the One and Only True Bitcoin, the original Satoshi Nakamoto vision, so forth and so on.

02:46 Bitcoin Cash Trading In The Market

it doesn’t really matter just look at what’s happening in the market and you can clearly see that more exchanges are adopting that Bitcoin cash, more applications are being built on bitcoin cash, I mean I can name a few, Changelly, Bitpay, Binance, Bitfenex, Bittrex, all the exchanges are now accepting it, they’re now creating more trading peers for Bitcoin cash if you just look at the BCC, you’ve got trading peers here, you’ve got trading peers here, you’ve got trading pairs all over the place. If you look at BCH, which is another symbol it goes by, even more trading peers, and it’s becoming more and more clear that Bitcoin cash is being more and more accepted over the different cryptocurrency communities and so forth. There is still a very, very significant debate going on about what is the true Bitcoin, what is the true Bitcoin, is it Bitcoin cash or Bitcoin core?

03:34 Bitcoin Cash And Bitcoin Core’S Blockchains

One other thing to point out here, which is interesting to me, is just purely looking objective look at what each of the coins can actually do, and I know for Bitcoin core there’s going to a lot of people that say you know the lightning network segregated witness, they fix all of these red X’s right here, may be true, that may be true to be fair and I’ll go into that just a second here, but just looking at the blockchains themselves, just looking at the cryptocurrencies themselves with no other layer on top, no other layer attached, just the currencies themselves, just the blockchains themselves, here is how Bitcoin cash and Bitcoin core stack up against each other, and I know this is debatable but just hear me out here. So, Bitcoin cash has a green checkmark for all of these things, low transaction costs, fast peer-to-peer transactions, reliable transactions, decentralization of the actual blockchain, open source code, so forth and so on, digital currency. Bitcoin core, on the other hand simply does not have the same level of features, capabilities, characteristics that Bitcoin cash does, just purely looking at the blockchain, it is very slow to transact, it’s very expensive to transact, it’s not really worth transacting anymore. If you guys have ever you know gone to Coinbase and bought Bitcoin core and Bitcoin cash and have tried to move them from Coinbase to an exchange, like Bittrex, Bitfenex, whatever, you’ll notice that Bitcoin core is ridiculously slow. I’ve had to take over twenty-four hours to literally make a transaction from Coinbase to Bittrex, to make a transaction or transfer of funds from one exchange to the other, it’s literally taking over twenty-four hours and that is absolutely ridiculous given the market that we’re in.

05:23 Bitcoin Core Is Gold

They claim that Bitcoin core is digital gold, digital gold or the new gold which is fine. Traditionally gold has been a storage of value, it is something that has held value over a long period of time although it’s very difficult to transact, you can’t take gold to the store and buy milk, you just can’t do it, so it’s a little bit harder to transact with, to sell it, then get the money, then you go to the store and buy something. So, it is a good storage of value, it has been for thousands of years but very, very difficult to use. Now Bitcoin core supporters are claiming that’s what the mission of bitcoin is, is to be a storage of value. That’s not necessarily what Satoshi Nakamoto envisioned when he labelled on his white paper peer-to-peer electronic cash. That is not what Bitcoin core is today and if you guys have even just tried to use Bitcoin itself, it’s very, very clear that it is not going to work as a currency, it’s just not going to work. In terms of a storage of value, I mean all you really have to do is go to the exchange and, I don’t know about you, but gold does not fluctuate this much. If you want to store a value somewhere, you do not put it in a place that fluctuates 20, 30, 40% in a single day. If you were to hold or put one hundred thousand dollars in Bitcoin as a storage of value in December and you thought you are going to store my value, just as I would buy gold, you would be you know out about sixty grand now today, within two months. So, storage a value maybe, maybe eventually Bitcoin core will become a storage of value but today, absolutely not! I would not trust my money in Bitcoin to act as a storage of value, I just wouldn’t. I’ve done it and I’ve lost money doing it, so I systematically take money out of Bitcoin because I don’t want it to fluctuate and lose money.  Is that a good of value? Absolutely not!

07:14 Lightning

So now proponents of Bitcoin core claim the lightning network segregated witness is going to fix all of this, so all these X.’s that are red are going to turn green, that’s what everybody is touting. Lightning is going to be the saviour of the world. Well, the first thing I’d have to ask myself is how many applications, how many you know companies are now embracing and accepting and adopting the lighting network. It’s actually been a lot slower than people have anticipated, not as many people are doing it, it is starting to pick up steam a little bit and I’ve noticed that the transactions are getting faster and faster, Coinbase has accepted it, so the transactions are getting a little bit faster, still not that fast but they’re getting faster. Let’s take a closer look at the lightning network and what the lightning network really is, and I’ve always suspected that lightning network will be, essentially a centralization layer on top of Bitcoin. I’ve asked this question to many people in communities on Reddit, Facebook, Twitter and they all say no, the Lightning network is completely decentralised, just as Bitcoin core itself. In reality that’s really not the case, it’s a sham, it’s complete utter nonsense. Look at this article, look at other articles and study what Lightning network is and you will come to terms with the fact that Lightning network, it is simply a settlement layer on top of Bitcoin core, it’s on top of it, it is not part of Bitcoin core, it’s a settlement layer on top, similar to what banks do with Visa, similar to what other third-party mediators do to verify transactions in any financial or monetary network and system. It’s a settlement layer, that means that it can be centralized, look at this article ‘lightning network centralization leads to economic censorship’, which completely goes against what Bitcoin is supposed to do, to act as a peer-to-peer electronic cash that’s fully, completely and utterly decentralized so that no government regulatory agency or monetary system can regulate it, that is the point. So now look at this article real quick, it seems that the realities of the lighting networks limitations are being accepted and now narratives are forming to justify the continued morphing of Bitcoin into a settlement layer, for example, and it gives an example of how that’s actually happening on Reddit, you can go read that yourself. ‘Large Bitcoin nodes versus large lightning hubs’,  to play devil’s advocate myself, the author of this article says ‘the argument goes like this, a large expensive Bitcoin nodes are just as bad as a large lightning network payment hubs, so they’re comparing the two, a large miner can decide not to include your transaction in block just as a payment channel can decide not to route your payment, to that he would say you got one part of that wrong, a large miner or even a majority cartel of miners cannot effectively censor your transactions because any miner, any and that’s key, any miner can include your transaction in the block, it does not have to be a specific miner, so that miner cartels, they don’t have to be the ones to verify the transaction, it could be me, in my garage to verify the transaction, that’s a very, very important point guys, on the lightning network the same is not true, lightning networks can effectively censor your transactions because not any hub can route your payment. If you have a set of coins in one specific channel, it has to be routed using that specific channel. That, in and of itself, centralizes the lightning network solution. That’s the point that’s why it’s not a decentralized system, right here you can see, you can read it. Go read other articles if you don’t believe this one because it’s from Bitcoin.com, go read other ones, really, seriously do, I would love to know the other side of this because I am just not seeing it and I’ve been looking at this for a little while.

11:08 Articles On Lightening Networks

Side note, we’re not talking about the 51% mining monopoly attacks here, just to clarify I’m ignoring the situation…and whaling OK, yeah there are some issues, obviously with the cartels, which we can get into as well. We can safely ignore that educates because OK. Why can’t you just use censorship free’ or in other words as long as re-org attacks aren’t consistently happening, some miner will eventually get your transaction in a block and no one can stop that, that’s on the Bitcoin cash side of things, guys. So, remember, lightning network is not permission less, the problem isn’t necessarily you finding a censorship-free hub, but rather being able to route your payment to others who have it, for example mega bank A, B. And C all decide to become lightning hubs, they all acquire customers and have channels open between the three banks, this allows customers from any of the banks to send money to other customers of those three banks, you being a freedom-loving individual decide to open a channel with an anonymous hub only known as T35G7, Guess what mega banks A, B and C don’t want to open a channel with T35G7 so you can’t send any of your customers since there’s no available route. I think it would be a matter of time before a system that either falls into complete censorship or fractures. Even if you believe the probabilities of these outcomes are small, it should be considered as a deal breaker. This is very, very important guys, this example on this point itself. This is a way that big institutions that have an invested interest can bypass the decentralization of bitcoin itself, of any blockchain itself, by adding a settlement layer on top. If any cryptocurrency needs a settlement layer on top, if any cryptocurrency needs a centralized element to its functioning, it’s a sham, it’s bogus it’s not truly, truly a decentralized free cryptocurrency and cannot, ultimately be a peer-to-peer electronic cash system. Very, very important and I want you to know that.

13:08 Who Is Behind Bitcoin Cash?

OK so next, what is behind, who is behind Bitcoin cash. I’ve kind of come up with a few. So, the main people behind cash, in terms of influencers, recently Gavin Andresen, in who’s one of the earliest, earliest enthusiasts, coders-developers in Bitcoin, he’s talked to Satoshi Nakamoto over email, he’s one of the founders. He’s recently come out and said that, and I think I have an article open right here, he’s recently come out and said that, I Google who supports Bitcoin cash and I think one of the first results that came up, I  thought it was in here but it says Gavin, I mean you can just type in Gavin right and it’ll come up. Gavin Andresen throws support behind Bitcoin cash, that happened in November so he’s now a supporter of it. John McAfee has long time been a supporter of it.  Roger Ver has taken a lot of heat, he’s been one of the original founders of Bitcoin, and he’s taken a lot of heat for it, he is pushing that Bitcoin cash is the real Bitcoin itself. Charlie Shrem is behind Bitcoin cash. Craig Wright is behind Bitcoin cash, Jihan Wu, one of the largest miners is now behind Bitcoin cash, the guys from Dollar Vigilante are now behind Bitcoin cash. The National Institute of Standards and Technology, which is a government scientific agency, recently published a paper coming out in favour of the Bitcoin cash and then I see Paper claims ‘Bitcoin cash is technically the real Bitcoin’ and you can read through this article yourself but it does give scientific evidence of why Bitcoin cash is truly the real Bitcoin and it came from the original blockchain and it is the original blockchain, to give credence again that Bitcoin cash is legitimate. So, all of these things are now coming to a head, in 2018, it’s really, really going to come to a head of what is really the real Bitcoin, is it Bitcoin core or Bitcoin cash? Maybe it doesn’t even matter, maybe both coins going to exist in the long run and they likely will exist in the long run, but what’s going to happen to the price? What is going to happen to the price of Bitcoin Core and the price of Bitcoin cash? Bitcoin cash, I’m seeing predictions Calvin Ayre predicts Bitcoin cash price of ten thousand dollars in May. John McAfee has predicted a very high rise in Bitcoin cash as well. Government institute claims Bitcoin cash is the original, you know all these different articles coming out now to support Bitcoin cash.

15:43 Has This Been Planned All Along?

I’ve got to wonder, has this been planned all along? Has there been a hijack of Bitcoin core and Bitcoin cash is now really the real Bitcoin and has this been known all along?  Is that why the markets are being manipulated right now to bring the cost of Bitcoin down and bring the cost of Bitcoin cash up. I think the market is being equalized, I think people are trying to equalize the market, I think the whales, the manipulators, the institutions are in here trying to manipulate it, to get people to adopt whatever one they want. I think there’s a lot more potential in Bitcoin cash because, if in the case that Bitcoin cash, for whatever reason, gains more mass widespread adoption, you’re going to see the price jump from a thousand very, very significantly, and quickly up thousands of dollars higher. And what that’s going to do, it’s going to make you a lot of money. You’re going to also see Bitcoin core drop even further, I don’t know if this is going to happen, Bitcoin core could go up, but in the long run, I’m a technologist, I’m a guy who knows technology who studied technology, who’s been around technology, mainly marketing technology but I understand technology nonetheless, not a coder and but I just see that Bitcoin core is not useful, it’s not functional, there are not as much utilities. You can call it digital gold all of you want, as a storage of value, which is fine use Bitcoin as a storage of value, but be careful because it may lose 20% in a day, so to me that’s not a good storage of value mechanism Lightning, again not a very good solution if it’s centralized, I do not like that and I am starting to stack more my eggs in the Bitcoin cash basket rather than the Bitcoin basket because the potential is higher. I’m not an ideologue, I’m not one to be like a loyalist to Bitcoin core forever and beyond, no matter what happens, even if it goes to zero! That’s utter nonsense and I don’t want to participate in it at all.

17:41 Your Thoughts And Comments

I’d love to know your thoughts on this. I’d love to know if you guys agree or disagree with me. I’d love to know if you’re holding Bitcoin or if you’re holding Bitcoin cash because I want to know, I want to know what’s the real Bitcoin! I don’t really know, I don’t really care so much as long as it makes some money, but I can really, really see the technological advantages of Bitcoin cash over Bitcoin core in my everyday life. When I use it, I can just see it, I can feel it, I can smell it, I can just see the snowball is gaining snow, the snowball is getting bigger and bigger and bigger and bigger and bigger as Bitcoin cash gets more and more adopted and it’s going to come down to, really, the miners, the transaction fees and the number of businesses that are able to use it and therefore adopt it, that’s what it’s going to come down to. If more people adopt Bitcoin cash because it does more, it has more utility. it will win out. Lighting Networks is going to throw a wrench into that, don’t know how it’s going to play out but would love your thoughts.

I’m Dan again from crypto Camacho, and please tear this apart and let me know why I’m wrong. Thanks guys, have a good one.