 And we are live. What's up, guys? We've had a very, very interesting couple of days so far. Wanted to make this a little quick video for you because, well, I've been having a lot of emails about it. And I want to clarify some things. So first, like always, some housekeeping stuff over here. If you can hear me, in the chat box, say yes. I just want to confirm that my mic is working. And if you can see me, if everything's OK for latency and bandwidth. OK, you guys can hear me. Cool. OK, so I just want to, great, great. So there's a couple of things I want to talk about. First of all, with the Bitcoin cash. So I was adding on Coinbase yesterday. And it's gone up significantly. And a lot of people are asking me questions of, what is it? Should I buy it? Which I'm not going to give you a definite answer. I never give definite answers. I used to, but I don't want to do that anymore. And do your own due diligence. However, I do want to talk about a couple of things. So what is it, first of all? It's a fork of Bitcoin, forked off by individuals. And I think with forks, guys, there's a lot of people view it as bad. Listen, the consensus of blockchain is anyone can do whatever they want. Hence the word consensus. If you and I want to get together and fork Ethereum and fork Bitcoin again, you and I can do it. And if enough people see value in that, and value is subjective, what is this value? In this case of Bitcoin right now, it's a store value as opposed to a means of exchange. And so if you and I fork Bitcoin with our own nodes or our own code, and other people see value in using it and utilizing it. So not just using it, but utilizing it and seeing as a store value in some shape or form. This will be it. That's a consensus. It's a laissez-faire capitalism. And so the ideologies behind both the camps, both Bitcoin and Bitcoin cash is my way or the highway, absolutists. In nature, there is no such thing as my way or the highway and absolutism. And that's a tongue twister. There's homeostatic balances and relationships between all organisms. And if you look at a capitalistic systems, true laissez-faire capitalistic systems, it is about, let me turn this off. Yeah, of course. It is about competition, but fair competition. In competition with adding, what the fuck? Competition with adding the best value for an ecosystem. So Bitcoin cash, it came out earlier this year and it promises to do something that Bitcoin is not doing. And basically what I tell people, let the best person win. So now you have these two different chains with two different developer groups, with two different, let's say ethos and mythologies behind that. And for me, let anyone do whatever they wanna do and let's see who wins. So there's never one thing is better than the next thing. It's all subjective. Some people say, for example, Ethereum is better than Bitcoin. That's subjective. Some people say that Monero is better than Ethereum. That is subjective. These are all subjective things. So you have to ask yourself the questions of what do you deem valuable? And why do you use it? And what is your justifications behind why do you think that is valuable? What's the problem in solving? Who are the developers behind it? What is the roadmap? How is the technology created? How is the technology maintained? Are they actually doing sound cryptography? Are they actually spending their time to make sure there's no issues in the code? Which there is always issues in the code. So these are key questions you gotta ask yourself. And so for me, I always let the best person win or in this case, ecosystem win and we'll see what happens. In the case of Coinbase adding Bitcoin Cash, it's no brainer guys, they're exchanged. They'll add whatever makes them money. Just think as a business, right? They're probably gonna add another 10 different cryptos and tokens in the future. It's in the roadmap. They make money off of every transaction. They'll still be stupid not to do that. They're the biggest exchange in the world. Like literally they're on board in like 100,000 users a day. So I'm like, what astronomical ridiculous figure. And they make a percentage off of every transaction. So for them, it's just common sense business to add different crypto on there, okay? So now I'm gonna kind of, let's talk about questions right now. So that's, you know, it's not complicated. They don't Bitcoin Cash fork off of Bitcoin. They have their own vision and let them do whatever they do and let the best ecosystem win. So this is an interesting question. If someone buys Ether right now and they do a hard fork, hard forks are actually planned in Ethereum. So that's nothing new. If they do a hard fork, is that interchangeable? Yeah, you get both. So same thing like in Bitcoin, if you held your Bitcoin with your own private keys or even if you didn't have your private keys for the exchanges, you would have equal amounts of the next, with the next fork. That is if that fork had replay protection, meaning if you sold or if they didn't have replay protection, that means you have to pick which chain you want. If they did have replay protection, you have both. Is Bitcoin Cash and Bitcoin the same? No, so Bitcoin Cash does not have SegWit. Bitcoin Cash has eight megabyte blocks. Bitcoin has SegWit. So it's a, they pretty much took a script out of the header. So I won't get into it, but anyways. And they didn't change their block size. So there is a significant difference. What do I think of the ZeroX protocol? I think they are a great team. I think what they're doing is much needed in the space. And I think more developers need to be working on top of ZeroX and all the other decentralized exchanges. I think the failure point of majority of crypto, and you just, I think it was there yesterday, I think it was a Korean or Japanese exchange got hacked. And it's gonna happen all the time. Their security protocols aren't good. And it's a center, it's a point of failure, right? This one center server that hackers can go in and take the coins from Kevin. Kevin states Bitcoin is more centralized now than ever. I wouldn't even look at wallets and hash rate. What's fascinating is actually the people that own it. It's a very small percentage, but that goes to Pareto's principle. So there's natural laws, the state's certain distribution factors. Even Ethereum, it's very similar. So this isn't just akin to Bitcoin. Bitcoin transaction fees kill softly. So the thing is like at its current state would segue only about 15-ish percent activated and the majority of the exchanges actually don't have segwits, the majority of the wallets don't have segwit. Bitcoin more or less is viewed as a store of value currently regardless of what certain people say. So consensus in a coin is the consensus of the public. And the public is usually, it's not, the public isn't right. I would say the public dictates the perception and the use cases of something. In this case, Bitcoin is perceived as a store of value. So if it's a store of value, let's say I have gold, I'm not moving around gold on a day-to-day basis. So if I do have to move Bitcoin sometimes and pay a fee, which is still lower than any other fee, you know, if I'm comparing it to gold or something else, that's the cost I pay. But if you are viewing Bitcoin as a currency used for trade on a day-to-day basis, then yes, it's ridiculous. And this is where Lightning Network, second layer and third layer applications hopefully can come in and solve this issue with the transaction cost, with the mem pool, the hash rates, et cetera. Do I have any problems with my nano? No, I've had zero problems. I've, nano, Trezor, I've used them both. They're great, zero issues. The big question is why has scalability and not yet been achieved with Bitcoin given technology available right now? Well, Lightning Network hasn't been fully proven. So the technology hasn't been ironed out. They have a different ethos in the Bitcoin environment. So it does take a little bit longer for things to be contributed. You can just take a look at their GitHub profile. More or less, I think a lot of businesses will dictate the future of Bitcoin. For example, let's say you and I, you know, steam it, they stop using Bitcoin. OpenBazaar is gonna be taking, I think, Bitcoin Cash, if I'm not mistaken. I might be, but I think they are. I think businesses, listen, I'm an entrepreneur. So as a business owner, you're responsible for giving the best experience for your customers. And so if that means switching over to something else because it's cheaper and faster and better for your customer, so be it. And that's exactly what's happening currently. Will countries introduce their own cryptocurrency? I think so. I think, well, first of all, blockchain technology is a perfect technology for governments, it's transparent. Imagine you being forced to use, like, say, I don't know, the greenback as a crypto where they know where you spend money. They know how much money you make. They know all your transactions and they take a flat tax for me. Well, not flat, but they do take tax for me. Now, 40% of tax in the United States is unpaid for different various reasons. So imagine they just take it automatically from you. It's, blockchain technologies for the governments is the most perfect vehicle possible. Hey, Mayor, what do I think about EOS? Well, once I don't agree with their ICO at all. That's the most fucked up ICO I saw. It's just one whole year. Like, there's so many issues with that. I don't even know where to start. Anyways, that being said, the technology, you know, they're using DPOS, Delegated Proof of Stake. There are some issues. I mentioned this before, maybe they're working on that. Masternodes are an issue, knowing who they are, and you can coerce these masternodes. Voter turnout, because within the Delegated Proof of Stake system, the more tokens you have, means the more voting rights you have, but like any political system, it's not 100% voter turnout. No, it's not. So within these systems, if you look at Pareto's principles and certain mathematical laws, maybe you only get like 30 people or 30% of people, 20, 30% of people to show up to vote because the rest of the system or the users of the network don't care to vote. And the majority of these voting syndicates will be formed, kind of like their own kind of cabal. And these syndicates will then dictate based on the fact that they have majority of the tokens to vote for certain masternodes. Now, maybe they're working on solving this. I don't know. Investigate too much of my time on that, but those are some issues on top of my mind. Hey, Amir, is Vitalik's father involved in crypto as well? Yeah, he's my partner in Block Eaks. Where do I stand on Tangle versus Blockchain? I don't stand anywhere, what the best party went. My only issue with Tangle and Iota is they rolled their own crypto. So that's my, yeah. I won't get into that, but that's a whole different story. Cardano versus Ripple, that's like comparing a banana to an apple to different things. Can we talk about Bitcoin Cash? We are talking about it. What would you like to know? Why is Bitcoin Cash rising? It got listed on Coinbase. Coinbase has ridiculous amounts of users. I mean, millions of users. Like, it's ridiculous. RDN token, oh, what? I don't know what that token is. Maybe I do, I forget. What is my opinion on ZCash? I like it. I like zero-proofs, ZK Snarks and Starks. I know Ethereum is rolling out Snarks soon in their next update. ZCash is not meant to replace Bitcoin. It's very expensive and slow, like really, really fucking slow. But the technology, the cryptography, you know, they call it moon math. It's very, very beneficial for a lot of people. Patrick, as a developer, I have not seen many projects which gets me excited, your thoughts. Patrick, I concur. Their majority of the projects are crap. They haven't thought of the technicality behind it. They haven't even thought of fixing and solving a real problem in the world. They're money grabbing. And I'll publicly say that a majority of the ICOs are crap. And they're just here to raise money because they couldn't raise money traditionally and they wanna get rich quick and they have no technical prowess or technical expertise and they're solving something that does not need solving. Hey, Amir, this is from Jay. Can BTC and BCH coexist? Sure, yes. Apple, Microsoft coexist. Many companies coexist. Hundreds and hundreds, different thousands, different millions of companies coexist. Indiegogo launching ICOs, yeah. But they're launching securitized ICOs. So they're going the regulatory route. Listen, if you're doing an ICO, that's the securities that may be attached to some equity or royalty rights or some type of, let's say tangible asset, then sure, you're not kidding anybody. You're not saying this is a utility token and yada, yada, yada, you're literally just raising it, raising money or using an ICO as a vehicle to raise money. But that token is actually attached to something that represents something in the company. Usually equity, dividends, some type of return policy. It can be IP rights or something that you're creating. So I think Indiegogo is gonna have some similar variations of that. What's my thoughts on Cardano? I haven't had time to research it. I don't think so have time until end of January. Will Bitcoin Cash be more worth than Bitcoin? I have no idea, really, I don't know. Just remember guys, Bitcoin's been here from day one. They literally have, if not the best devs in the planet. Like you have to, you have like, these are the camps. You have, Bitcoin has amazing developers. Ethereum has great developers. Manero has great developers. Zcash has great developers. There's probably small other ones out there. That's it. For me, I don't see the developers in Bitcoin Cash yet. I don't. Maybe there will be more in the future about currently I don't see the same camp as Bitcoin. And going back to what I said originally, Bitcoin's been here for eight plus years. They have the longest chain. They have the reputation. They have the developers. They now have a future trading platform soon to be an ETF. Not just one place, it's gonna be future. Multiple listings around the world for futures. It would not surprise me if somehow Bitcoin's listed with some on the NASDAQ in the future. So I think the Wall Street money wants to go after Bitcoin as opposed to Bitcoin Cash. But each has his place. All these same questions. What will Coinbase add it on next? They have a roadmap, Google it. They just released it. Yeah, I don't do price predictions. So don't ask me that guys. I'm not a trader. I don't speculate. Quantum tech, yes, quantum. I actually met the guys in Singapore. Well, yeah, actually Patrick, I met Patrick and I met John. Solid team. I was very impressed with the team at Quantum. Impressed with the roadmap. Impressed what they wanna do. And for me, I give everybody credit. I'm like, let me just go see, go out there, do what you gotta do. Produce, ship, add value, actually solve real problems. So for me, I'm sitting back and so far I've been impressed with the team and I just wanna see what they're capable of. I'm here, do I play the guitar? No, I play the piano, level three, or grade three. What problem is Monero solving? Privacy. And solving privacy in their own unique way with ring signatures. Any comments on Segwit 2x? Isn't it dead? Like I don't keep up a politics, so I have no idea. What are my views on crypto cards? You don't need them. Why do you need a card? We won't have any credit cards in the future. There's already Apple Pay. You have Google Pay, like why do we need a credit card for? I can use any wallet on here and pay anywhere I want. I don't see the use case for any credit cards, any physical cards whatsoever. And not to mention, they're running on Rails, so they don't own their own fucking Rails. They're running on MasterCard or Visa Rails. And right now there is no card yet out there, mainstream that has Visa and MasterCard Rails. Do you see China banning Bitcoin? Bitcoin's been banned every day, man. It's all politics. Is proof of stake superior to other proof of work? Yes or no? It's all about use case. So I think proof of work, and I think mathematically in how it's structured, proof of work is very well suited for Bitcoin. How Ethereum structure with a virtual machine, as it's the world computer, proof of stake makes sense. Now, there's issues with proof of stake, right? Long tail attacks, spamming attacks, coercion attacks, and then complications with sharding, like there is issues with proof of stake and that's why it's been taking such a long time to figure it out. And everyone has their own variations of proof of stake. Am I a burner? I've never been to Burning Man, but I've been to a million raves and yeah. So that's up my alley. What's my thoughts on neem and proof of importance? I haven't looked into it, so I don't know. The only other proof I know is proof of resource. That's it. What's your thoughts on theses? They have to fix their legal issues. So best of luck to them. Do you support charity? Funny you say that. We're having an amazing charity event actually this Thursday that I will be streaming live from. We're trying to feed 96 children for years with the Covenant House and we've just rigged up a Christmas tree that if you send ether donations, the tree light will light up and that will be live and we're really trying to help 96 children, give them shelter, give them food and help them out for one month. How can you make best use of blockheeks? Depends. If your developer take all the courses at blockheeks and add value in the ecosystem, there's blockheeks going through big changes in January. Like there's a lot of things where their own custom platform being launched, bounty programs being launched. There's a lot of cool things to stay tuned. What am I looking forward to most about the crypto ecosystem 2018? Maturity, I'm also looking forward to a lot of these reality setting in where all these ICOs raise money and they don't ship because they can't deliver on their IOU. Also certain second layer and third layer applications at top of group blockchains. So I think it's a very interesting year of maturity. How to use blockheeks if you're not a developer. Great question. We in fact just launched a basic plan which is like super cheap which actually helps people who aren't developers. Do I think EOS has what it takes to replace Ethereum? It's like me saying, oh, look at that 16 year old kid over there. I think he's gonna replace that professional hockey player who's been in the NHL for three to four years. He could. The question is he's still too young and we don't know. EOS hasn't launched. They have no applications. They're still a baby. Ethereum's coming up, I think north of three years now, roughly. I wanna see EOS in operation. I wanna see them go through the same scaling issues that Ethereum's going through. And then once they're actually in the wild and operating, then we can come to a much more educated guess what's gonna happen. Am I the best person ever? No, no, I'm the worst person ever. I don't even like myself and don't listen to me. Any plans for blockakes to have in-person? Not really. It deviates from us trying to help as many people in the world as possible. In-person training only helps people who are in our city. We wanna help everybody, the unprivileged, the unbanked, anybody around the world who wants to become a dev and learn this technology, we wanna help. Hence why we're totally online. So many questions. It's hard for me to keep up. Am I planning an interview together with Ivan on tech? Not really, I don't reach out to much people. I'm doing my own thing. They reach out to me, sure, but I'm busy guys running a business. All right guys, I'm out. That's the last question. If you guys enjoy this, leave a comment after this video. I'll try to do more of these Q&As. I might take the Christmas holidays off, very busy scaling blockakes, hiring more people, hiring a lot more people. And I wish you guys best in the holiday, have fun, take care, and see you guys soon. Adios.