@@zootsoot2006 Dodge coin has no maximum supply and every minute a new dodge coin block is mined. Satoshi made Bitcoin´s clock slower. The average block creation time is 10min. Satoshi did this for safety reasons. For an limited supply, he included the halving code. This is great to control the inflation, especially in the long term. So we have a bitcoin production that ends in the future (four year halving code). And at some point lost keys will make bitcoin a little bit deflationary without negative effects.
@@zootsoot2006 It fails to serve a market need not met by Bitcoin. It would be like someone else printing their own dollar bill after the world is already using the dollar.. and expecting it to become the primary currency, when it functions in the same exact way.
@@zootsoot2006 maybe because it is obvious. Just the most energy consuming network can survive. Others can be easily 51% attack by the strongest network... POW guarantees that there will be no second best.
Honestly a couple points here nearly brought a tear to my eye. “Not having to waste human life to defend monetized wealth is worth every watt.” Fucking profound and utterly beautiful. So grateful to live in a time where we have Bitcoin and therefore have a chance. With this presentation, Mallers rivals Saylor in terms of compelling delivery.
We are living in a time where warfare will be fought through cyberspace and probably soon will be robots from different nations fighting each other not wasting a human life. That would be the second best world. The perfect world would have no war and no lies.
He only talked about ETH. What does one have to do with the other? BTC tends to become money, ETH decentralized computer. Why does he feel threatened when there are two different things competing for something else?
Jack Mallers, what a powerhouse leader! He has inspired me to purchase tickets to BTC Prague 2025 and march my ass from Australia to the Czech Republic next year. Well done!
You're 78 years old and you're taking a 20 year old and a hoodie on corporate media talking to you about the oldest lair one in the text space as some kind of Truth... Think about it more. This is a technology space not a cult
This is the most mind-blowing Bitcoin video that I've ever seen. I had never compared physical and abstract power before. This is a fairly rigorous proof of 'There is no second best'.
As I often remind fellow traders, it's essential to make the most of each market we enter. Right now, Bitcoin day trading is at a high point, and Coach Garrett Eaton’s insights have been incredibly valuable with his spot-on predictions. Definitely a 5-star guide!"
I highly recommend Expert Rosie as the most capable trader I’ve collaborated with. She manages my forex account with precision and consistently produces outstanding profits.
@PoboyMusic yeah don't know how he gets away with it he was up to the same tricks with Apple. How anyone takes time seriously 🤔 th-cam.com/video/o0ubyF1fPtU/w-d-xo.htmlsi=-PFGt7r8GinsAKo2
@dudleydooright saylor said bitcoin was going to zero in 2013 and it took him another 6 years to buy some. He also said eth would never get an etf. Lmao
I don’t think I’ve seen a presentation from Jack and not liked it. They’re always so informative. I’m really hoping Strike comes to the UK soon so I can support his company!
Interesting. Can we see any irony in that statement? “…hoping Strike comes to the UK.” Why would it need permission to come to any country ? If it were just a protocol, if it were decentralized, then you just use it. There’s no such thing as getting a license, or opening in country X. Is Bitcoin, or ETH, or Solana available in UK ? Of course - just go ahead and use it. There’s no such question. Rather, let’s ask : why don’t you just go ahead and use Strike ? I could answer this one succinctly, but what do you think ?
An unexpectedly engaging presentation. Some may wish to turn the playback speed up for the first quarter or so of it though because it starts off slow and basic. Or one could just listen to last part starting at 31:46 on to get to the meaty conclusion part where he presses home the difference between PoW and PoS. I've never been interested in ethereum myself because I don't consider a recreation of the fiat system that requires trusting "higher rank" worthwhile.
Excellent keynote. I love Jack's energy. How can he go back on his way to rabbit hole and explain this again and again so well? Thank you for that, Jack!
Fantastic Key Note.... Jack Mallers your Presentations are so well thought through and simply explained to really educate us all so deeply. Thank you for the work you do for Bitcoin and for all of us.
WOW!! Jack, you left it all out there on the stage, everything you got!! That was amazing! You finally made clear in this one, very difficult at times, presentation, what the tremendous difference is between BTC and every other alt coin! And you made it clear what Proof of Work actually is and why it's so important. And you broke down so clearly how important and life changing the miracles that were Adam Back's and Satoshi's work were!! THANK YOU!
Well explained. Thank you for bringing up this video, Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject... Regardless of how bad in the economy I still made over 140k this month on trades.
As a newbie about to invest, you must have these four things in mind 1. Have a long term mindset. 2. Be willing to take risk. 3. Be careful on money usage, if you're not spending to earn back, then stop spending. 4. Never claim to know - Ask questions and it's best you work with a financial advisor like Elizabeth Wesley, it will add to your success in the crypto market
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
Elizabeth Wesley was my hope during the bear market. I did so many mistakes but also learned so much from it, and of course from Elizabeth Wesley. She is my number one source when it comes to crypto and TA.
I absolutely agree with Jack that Bitcoin is fundamentally different than everything else in the crypto space. However that does not mean that investing in Eth or Sol should be admonished. Bitcoin is 100% digital gold (perfect money) But there’s nothing wrong with taking a small percentage of that money and investing in projects with potential like Solana or Ethereum. Yes it’s risky, these “crypto companies” are highly centralized proof of stake networks but so what? If you had invested $1,000 into centralized Facebook 20 years ago you’d be sitting pretty right about now. I firmly believe a few of these alt coins are going to be the new Apples, Facebooks and Googles of the coming crypto revolution.
I can see BTC's PoW link to physical power while the supply is still being extracted via mining. How will the relationship between BTC and physical power (electricity) continue once the remaining supply has been mined?
There is lots of BTC hype & many conferences but very few of the World’s 65 million millionaires seemed inclined to fight over this supposedly scarce commodity. Very, Very slow to catch on! Everyone on my street would be a millionaire if they were mortgage free. I bet I’m the only guy to own more than 1 BTC on the block and I’m 73. The Value really hasn’t gone up in four years. I think a BTC will be worth $65,000 a year from now. It’s peaked.
Jack, Jack, Jack Mallers! Bitcoin is bound by Physical Power (PoW). Everything else--Alt coins, Fiat Currencies are bound by Abstract Power--There is no spoon.
Great talk but it only summarizes a very small part of the book. Still waiting for people to have the balls to admit publicly that Bitcoin is a warfare protocol.
What about something like litecoin and Bitcoin cash? They use proof of work and bounded by physical constraints, but they are just not as successful as like bitcoin
🚀 Crypto Investing Confusion? 🤔 I'm Lost! 🤷♂️ Which Cryptocurrency Should I Invest In and When? 🕒 Help Me Make Informed Decisions and Grow My Portfolio! 💸
36:52 Well there you have it folks. Its NOT about attacking from the outside. The weakness is attacking from the INSIDE, meaning, control the mining power. Mining is getting more and more centralized, aka huge farms. Just a matter of time that Blackrock et all gets majority stake in them and in theory push any change they want to the network.
"Not having to waste human life to defend monetized wealth is worth every watt" - I have never heard Bitcoin's energy usage defended so eloquently. Yes, it takes a lot of energy - it doesn't kill 150,000 people (the estimated deaths from the Iraqi War, which is a war being fought over oil).
Why SHA-256? Security: The algorithm is virtually impossible to reverse-engineer due to its cryptographic design. Efficiency: Well-optimized for hardware mining, particularly with ASICs (Application-Specific Integrated Circuits). Adoption: Popularized by Bitcoin, it has become a standard for many PoW cryptocurrencies. SHA-256's dominance in PoW-based cryptocurrencies also means that miners can often switch between these coins if they share similar difficulty levels and rewards.
That was virtually the best presentation among many by Jack. I'd like to give him a physical hug and buy him a physical beer as my proof of work.
He didn't say why Doge wasn't equally as good though
@@zootsoot2006 Dodge coin has no maximum supply and every minute a new dodge coin block is mined. Satoshi made Bitcoin´s clock slower. The average block creation time is 10min. Satoshi did this for safety reasons. For an limited supply, he included the halving code. This is great to control the inflation, especially in the long term. So we have a bitcoin production that ends in the future (four year halving code). And at some point lost keys will make bitcoin a little bit deflationary without negative effects.
@@zootsoot2006 It fails to serve a market need not met by Bitcoin. It would be like someone else printing their own dollar bill after the world is already using the dollar.. and expecting it to become the primary currency, when it functions in the same exact way.
@@zootsoot2006 maybe because it is obvious. Just the most energy consuming network can survive. Others can be easily 51% attack by the strongest network... POW guarantees that there will be no second best.
@@zootsoot2006 Just look at their respective Hashrates. That should be evidence enough.
Honestly a couple points here nearly brought a tear to my eye.
“Not having to waste human life to defend monetized wealth is worth every watt.” Fucking profound and utterly beautiful. So grateful to live in a time where we have Bitcoin and therefore have a chance.
With this presentation, Mallers rivals Saylor in terms of compelling delivery.
Never heard of him until this and now he is a must listen figure in Bitcoin.
We are living in a time where warfare will be fought through cyberspace and probably soon will be robots from different nations fighting each other not wasting a human life. That would be the second best world. The perfect world would have no war and no lies.
WOW! Jack did one of the hardest things in tech, explain a complex subject into a digestible explanation for all people to understand.
He only talked about ETH. What does one have to do with the other? BTC tends to become money, ETH decentralized computer. Why does he feel threatened when there are two different things competing for something else?
Eth is a piece of 💩 and BTC is the real deal - it’s actually very simple. 😂
If you use Mallers’ Strike App, who writes to the ledger ?
What PoW is used on Lightning Network ?
Or Liquid, or Fedi, etc.
So Vitalik was basically saying "I would rather be in the Matrix, because I can bend the unreal spoon as I want"?
He thinks he is "The Creator". 🤦♂️
Yes he likes playing God.
yup
Yup. He wants to be God-like in his world
Yes.
Adam Back is a legend. Great that Jack give him the credits he deserves.
Yeah, that was great! I didn’t know about this guy until now. I love hearing about the pioneers that made it all possible.
@@BookLabBjornAdam Back with Nick Szabo is the most probable man to be Satoshi.
Satoshi
@@arbo3495 Hal and Len
@@gnimensky they're also good candidates but in my opinion less probable.
Jack Mallers, what a powerhouse leader! He has inspired me to purchase tickets to BTC Prague 2025 and march my ass from Australia to the Czech Republic next year. Well done!
Softwar is very profound... thank you for taking the time to read it and present chapter 5.8 to the crowd Jack.
I was going to say 15 minutes in, this has Jason Lowery themes all over it
Sorry it's chapter 5.10, not 5.8.. but yeah great talk.
Soft War right?
Great book
Jack is the Maxi of all BTC-Maxis. I loved your keynote in Prague - second to none!
His talks are getting better too. More concise. To the point. Sensical. 😎
Nah, he's but one of Many Supreme Maxi's.
First Saylor and now Jack? Fantastic!
Best keynote of the conference!
Sailor
There is no second best
Get real.
Stunod*
Holy Moly!!
I got it!!
Thank you!!
I am 78 years old and a bitcoin fanatic!! Now I know why!!!
Again!!! THANK YOU♡♡♡
You're 78 years old and you're taking a 20 year old and a hoodie on corporate media talking to you about the oldest lair one in the text space as some kind of Truth... Think about it more. This is a technology space not a cult
@@marsenault9683what?
This is the most mind-blowing Bitcoin video that I've ever seen. I had never compared physical and abstract power before. This is a fairly rigorous proof of 'There is no second best'.
As I often remind fellow traders, it's essential to make the most of each market we enter. Right now, Bitcoin day trading is at a high point, and Coach Garrett Eaton’s insights have been incredibly valuable with his spot-on predictions. Definitely a 5-star guide!"
What do I need to do as a newbie? How can I invest, on which platform? If you know please share. I'm new here, how can I contact him please?
He's mostly attend on Telegrams.
@GarrettEaton ..that's it
I would like to be part of this success... 💕💕I need to get in touch with Garrett immediately. Thanks for the info 👍👍
Yeah at the moment its better to get involved in day trading rather than just Hodl.
What an EPIC presentation by the one and only, JACK MALLERS!!! 👏👏👏👏
Amazing presentation. Shoutout to some of the Jason Lowery references as well.
I want to begin earning through Bitcoin or Forex trading, but I'm unsure how to start. Can someone offer guidance?
Utilizing a truly exceptional broker or account manager for trade assistance or signal provision can lead to profits in the market.
I highly recommend Expert Rosie as the most capable trader I’ve collaborated with. She manages my forex account with precision and consistently produces outstanding profits.
Rosie Harley's strategies are very effective. Although I don’t know her personally, her methods have consistently produced successful results.
This is the second time Rosie Harley has traded for me, and I must say, her expertise has had an exceptional impact on my life.
She has been trading for me as well and helped grow my capital from $1,000 to $13,000. Rosie is the best trader I've come across.
Hello , I wish to start investing but i dont know where to begin. Any advice or contact for help?
As a beginner, it's essential for you to have a guardian to keep you accountable. I'm guided by Evelyn Elaina Nala
You need a pro or someone good at navigating the market. Someone like Evelyn Elaina
Same here. Evelyn managing my portfolio was my best decision. I have withdrawn over 280k
Almost gave up due to constant losses, but Evelyn turned my luck around
Leveraging market changes is a remarkable talent Evelyn has
I clapped out loud in my living room. Thank you.
whut
JACK is Saylor 3.0 - a young genius.
If Saylor and Michael J. Fox had a baby.
They are both grifters
@@PoboyMusic You spelled 'geniuses' wrong.
@PoboyMusic yeah don't know how he gets away with it he was up to the same tricks with Apple. How anyone takes time seriously 🤔 th-cam.com/video/o0ubyF1fPtU/w-d-xo.htmlsi=-PFGt7r8GinsAKo2
@dudleydooright saylor said bitcoin was going to zero in 2013 and it took him another 6 years to buy some. He also said eth would never get an etf. Lmao
Absolutely AMAZING educational talk. EVERY bitcoiner should take the time to watch these 45 minutes
Madeira jack breaks down gigi. Prague jack breaks down lowery. Excellent. Softwar is EXTREMELY undervalued
Now just waiting for someone at these conferences to give the "Bitcoin is literally a warfare protocol" talk
You nutshelled it perfectly 😊
This was the best speech I’ve heard in a while
I don’t think I’ve seen a presentation from Jack and not liked it. They’re always so informative. I’m really hoping Strike comes to the UK soon so I can support his company!
Interesting. Can we see any irony in that statement?
“…hoping Strike comes to the UK.”
Why would it need permission to come to any country ?
If it were just a protocol, if it were decentralized, then you just use it.
There’s no such thing as getting a license, or opening in country X.
Is Bitcoin, or ETH, or Solana available in UK ? Of course - just go ahead and use it. There’s no such question.
Rather, let’s ask : why don’t you just go ahead and use Strike ?
I could answer this one succinctly, but what do you think ?
I was there. The only talk I saw that day. It was inspiring and awesome!
you were there physically :)
Jack is philosopher, and a good one.
He's a physicist. Bitcoin is physics.
That movie with the spoon was Dogs and Tractors, the first movie directed by cats.
Jack is the best!
My boy Jack has been hitting the gym. Look at them delts.
An unexpectedly engaging presentation. Some may wish to turn the playback speed up for the first quarter or so of it though because it starts off slow and basic. Or one could just listen to last part starting at 31:46 on to get to the meaty conclusion part where he presses home the difference between PoW and PoS. I've never been interested in ethereum myself because I don't consider a recreation of the fiat system that requires trusting "higher rank" worthwhile.
This was my favourite presentation during BTC Prague 💯
Excellent keynote. I love Jack's energy. How can he go back on his way to rabbit hole and explain this again and again so well? Thank you for that, Jack!
this is awesome one of his best presentation, its his ability to explain the topic in his own way
Fantastic Key Note.... Jack Mallers your Presentations are so well thought through and simply explained to really educate us all so deeply. Thank you for the work you do for Bitcoin and for all of us.
YOU FRIGGEN NAILED IT JACK MALLERS !!! LOVE IT !!!.. THANK YOU. Proof of Work Yes Please !!!
Jack is amazing !!!
This is really profound. I’m grateful to be hearing it and thinking about it.
WOW!! Jack, you left it all out there on the stage, everything you got!! That was amazing! You finally made clear in this one, very difficult at times, presentation, what the tremendous difference is between BTC and every other alt coin! And you made it clear what Proof of Work actually is and why it's so important. And you broke down so clearly how important and life changing the miracles that were Adam Back's and Satoshi's work were!! THANK YOU!
Well explained. Thank you for bringing up this video, Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject... Regardless of how bad in the economy I still made over 140k this month on trades.
I would really love to know how much work you did put in to get to this stage.
Please how? I tried trading all alone last week, but end up loosing $5K
Sonia dickson strategy has been instrumental in helping me navigate the past few months. Without it, I don't think I would have made it through
I'm new at this, please how can I reach her?"
she often interacts on Telegrams, using the user name.
I just love Jack Mallers. He is the best. Education doesn't get better than this.
Thank you Jack for explaining what Meta/Facebook is. I would have been lost without that.
😂
Jack... What a effin visionary! Let's go guys! lets go educate the world
Incredibly powerful and power-filled, as literally a great grandfather, I say daily, thank goodness for Bitcoin!
This kid puts in work, nicely done Jack! 🙏💪
I am proud to be able to say that I am on the same team as Jack Mallers (and Michael Saylor).
the best of Jack's presentations
Thank you for sharing the deeper thoughts with all of us here.. 🙋♂️🙂
Bravo Jack. Your message explained the most fundamental aspect of Bitcoin that is perhaps the most difficult to comprehend by people.
Kaspa is proof of work and the only coin that solve the trilemma.....
Haven’t really listened to him talk but I’m starting to love Jack!
Mallers. You are a legend.
Wow, that was phenomenal. Thank you, Jack!
Straight out of softwar. Thank you
One of the greatest minds in Bitcoin. Absolute legend.
Jack is the uncrowned king of all conferences
Let’s go jack!!!
As a newbie about to invest, you must have these four things in mind
1. Have a long term mindset.
2. Be willing to take risk.
3. Be careful on money usage, if you're not spending to earn back, then stop spending.
4. Never claim to know - Ask questions and it's best you work with a financial advisor like Elizabeth Wesley, it will add to your success in the crypto market
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
Elizabeth Wesley was my hope during the bear market. I did so many mistakes but also learned so much from it, and of course from Elizabeth Wesley. She is my number one source when it comes to crypto and TA.
You trade with Elizabeth Wesley too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
The first time we had tried, we invested $1400 and after a week we received $5,230. That really helped us a lot to pay our bills.
Next level stuff. Great job Jack!
This is going to be my top recommended video for someone to refer to on how Bitcoin is different from Altcoins. Amazing Presentation🙏
Brilliant Jack! You are so much better without the F words. Thanks sir!
It's about time JPL got some respect and mention.
I absolutely agree with Jack that Bitcoin is fundamentally different than everything else in the crypto space. However that does not mean that investing in Eth or Sol should be admonished. Bitcoin is 100% digital gold (perfect money) But there’s nothing wrong with taking a small percentage of that money and investing in projects with potential like Solana or Ethereum. Yes it’s risky, these “crypto companies” are highly centralized proof of stake networks but so what? If you had invested $1,000 into centralized Facebook 20 years ago you’d be sitting pretty right about now. I firmly believe a few of these alt coins are going to be the new Apples, Facebooks and Googles of the coming crypto revolution.
I can see BTC's PoW link to physical power while the supply is still being extracted via mining. How will the relationship between BTC and physical power (electricity) continue once the remaining supply has been mined?
There is lots of BTC hype & many conferences but very few of the World’s 65 million millionaires seemed inclined to fight over this supposedly scarce commodity. Very, Very slow to catch on! Everyone on my street would be a millionaire if they were mortgage free. I bet I’m the only guy to own more than 1 BTC on the block and I’m 73.
The Value really hasn’t gone up in four years. I think a BTC will be worth $65,000 a year from now.
It’s peaked.
Jack, Jack, Jack Mallers! Bitcoin is bound by Physical Power (PoW). Everything else--Alt coins, Fiat Currencies are bound by Abstract Power--There is no spoon.
Kaspa is proof of work
Kaspa means cheap in Spanish
#14 "Be for Bitcoin, not against Fiat [the other thing]" - Michael Saylor
wow this was inspiring ! thank you so much
Absolutely slayed it
This should have 1 billion views
one day, it will.
Best summary of the book Softwar I've seen so far 👌
Great talk but it only summarizes a very small part of the book. Still waiting for people to have the balls to admit publicly that Bitcoin is a warfare protocol.
Jack Baller Mallers - wise beyond his years.
I like the technical deep dive. The only thing he forgot imo is to explain why other PoW Networks can't be successful.
Brilliant. Have not thought about Proof of work this way. Merci !
What about something like litecoin and Bitcoin cash? They use proof of work and bounded by physical constraints, but they are just not as successful as like bitcoin
Jack is at a genius level. With Saylor and the like.
🚀 Crypto Investing Confusion? 🤔 I'm Lost! 🤷♂️ Which Cryptocurrency Should I Invest In and When? 🕒 Help Me Make Informed Decisions and Grow My Portfolio! 💸
Though I started with £15,000 actually because it was my first time and it was successful.
Please how do I go about it, am still a newbie on investment trading and how can I make profit?
I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy.
Thanks to Mrs Mary Allen.
Wow I'm just shocked you mentioned Mary Allen, thought I'm the only one trading with her
The question that doesn't want to be silenced. Have you sufficiently immersed yourself in the $KAS technology?
Thank you Jack! ;D
Insanely good.
Just brilliant.
Jaron Lanier doesn't get enough credit for being one of the smartest people alive.
“Bitcoin is the only cryptocurrency that uses proof-of-work”
Is that true? 🤔
Kaspa.
No.
There are 144 Cryptocurrencies that are proof of work.
36:52 Well there you have it folks. Its NOT about attacking from the outside.
The weakness is attacking from the INSIDE, meaning, control the mining power. Mining is getting more and more centralized, aka huge farms.
Just a matter of time that Blackrock et all gets majority stake in them and in theory push any change they want to the network.
So... why does blocks of data linked in chain is worth physical $?
"Not having to waste human life to defend monetized wealth is worth every watt" - I have never heard Bitcoin's energy usage defended so eloquently. Yes, it takes a lot of energy - it doesn't kill 150,000 people (the estimated deaths from the Iraqi War, which is a war being fought over oil).
Profound. Original. Life changing. Extraordinary.
Not original.. 90% of this presentation is just presenting chapter 5.10 of Jason Lowery's thesis that was released in Feb 2023
@@PrimordialEconomics ok
Why SHA-256?
Security: The algorithm is virtually impossible to reverse-engineer due to its cryptographic design.
Efficiency: Well-optimized for hardware mining, particularly with ASICs (Application-Specific Integrated Circuits).
Adoption: Popularized by Bitcoin, it has become a standard for many PoW cryptocurrencies.
SHA-256's dominance in PoW-based cryptocurrencies also means that miners can often switch between these coins if they share similar difficulty levels and rewards.
Sorry Jack, Litecoin also is POW. But I get your point!
Yeah and what a great network effect it has. Just look at the hashrate 😂
@@satoshidownunder yeah it’s useless but Jack repeatedly said BTC is the only pow chain which it isn’t.
@@waldo197720 I was being sarcastic, litecoin has no chance of competing
Mind. Blown.
Sick rip Jack! Brilliant!!
POW... a brilliant concept so underrated. ETH did a gold standard to fiat move by moving from POW to POS.
Jack is becoming a BTC knowledge icon like Saylor, in his own way. Kudos
Bravo Jack 👏
Then how use the blockchain technology for other use cases than Bitcoin in a non abstract power way ?
This is just brilliant.
Jack Mallers, what a legend!
Great talk Jack thank you 🙏🏻
When I run for president my slogan will be “There is no spoon.” Vote for me 2028
This is fantastic.
Mind blowing