Bitcoin cash ‘CEO’: We won’t need banks anymore

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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.

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Comments

George Dominic says:

there's an error at 21:20, if your hard drive get corrupted you wont loose your money, because its a distributed ledger, definition: A distributed ledger is a database that is consensually shared and synchronized across network spread across multiple sites, institutions or geographies. It allows transactions to have public "witnesses," . that is every node in the network will have a copy of the transaction so you can always recover you balance with your primary key.

MoonLaFlaga HD says:

"use bitcoin for child porn" ahahha sad sad sad stupid argument

Johnny Cyborg says:

What will happen if somebody can make a computer/hardware that can make BTC 100-1000x more efficient than today? Will that make the market collapse? Isnt btc and such very much exposed since its a 100% digital currency atm? And btw the fact that EVERYBODY can create currencies as they like, does that make sense for a modern society? Isnt there a need to regulate who can make and produce money? I mean what will happen if we have 100.000.000 different currencies? Who can keep track? There are a lot of problems to solve, but at the same time a lot of opportunities arrive. I know.

satinder singh says:

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Joseph Y. Baker says:

FREE BITCOINS: goo.gl/b4kte5

Lord Moosa says:

can i please have 1 bitcoin guys this is my address 16GRU4xa7VU73Brhs4rHVLyMxwWZTjMCAm … please help me out 🙂

Steven Henson says:

Can't Russia hire more convincing anchor to maintain the facade that they're not reading word for word off a cue card?

fane aziz says:

Guirl people in Africa Know what a phone is if you dont have google to check that out before coming how the neck did you get that job with that thinking in this 21st century… Do your homework before coming to say rubbish… Sorry but that's just stupid

NEWS: Le Centre: CAN,USA,INTERNATIONAL says:

LISTEN UP REAL GOOD YA HEAR!! PEOPLE AND BANKS AND GOVERNMENTS AROUND THE WORLD ARE SO FUCKING PISSED THAT BITCOIN IS FREEDOM! GOD ALMIGHTY ITS CALLED FREEDOM AND PRIVACY!!! NO ONE CAN FUCKING STAND IT!!

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DriXx MADison says:

I agree with some of the comments in favor of BCT over BCH but just yesterday I made a payment of $25 USD worth of BCT from a popular exchange and it took 2 hours to confirm! Not to mention if I went through coinbase they would've charged an additional $2.79. Rising miner fees and confirmation times just don't make bitcoin practical for online micro-transactions anymore. I believe both currencies will thrive as we hold Bitcoin like gold bars, Liitecoin as silver, and use BCH/Bitcoin Cash as a daily debit card.

Biplav Shrestha says:

Stopping forking all the time you fucktards. You are doing the same thing as the banks.

Pierre Wallin says:

https://hexabot.top/?r=SniperDD

P Stoneking says:

There are still many people that just use cash and checks. They dont use charge cards or debit cards. Many still use a landline phone and call on their phone to check on cancelled checks and on the balance in their accounts because they don't have the internet or have any desire to learn how to use the internet. So I don't see bitcoin becoming our main currency. I'm a computer programmer and love computers but I won't buy crypto currencies because they are no more than pyramid schemes. The people that got in early are the big winners.

MakeMoneyHobby.com says:

Interesting.. transfer of wealth..

Tom Jackson says:

BitCoinCash is the future and will replace BitCoin in the near future, thank you for the informative video.

Jason Phillips says:

Trying to show fuck you to all her dumb questions @ 18:07

Laughing park says:

actually they use US dollar to buy drugs, oil, child pornography and so on. Is real point

Ronbo710 says:

Cash (ruble maybe?) is no longer backed by gold lady do your homework lol.

Nino says:

Bitcoin=store of value=gold stored in vault. Bitcoin is THE only that is completely decentralized.

Bitcoin cash and other cryptocurrencies=checking account=day-to-day use of money. Not quite decentralized.

No need for fiat currency controlled by central banks and governtments.

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