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Author Topic: [2015-11-01] Video: Harry Yeh of Binary Financial Comments On The Recent Price  (Read 286 times)
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November 01, 2015, 09:19:16 AM
 #1

Harry Yeh of Binary Financial Comments On The Recent Rise of Bitcoin Price

https://www.youtube.com/watch?v=N2g_7tOwKIE&feature=youtu.be

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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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November 02, 2015, 07:38:41 AM
 #2

I think, what I liked the most of this interview was his statement that "Bitcoin never sleeps" ....You can trade it 24/7 .... There are no reasons to close a exchange.  Roll Eyes

He has summed up the greatest influences on the price and where it should have been, and how the whole XT fiasco has harmed the potential for growth.

Sidechains and Blockstream is the way to go... He seems to be very confident about that.  Roll Eyes ... I am not 100% sold on that, but it's better than the alternative being

suggested at the moment.  Wink

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November 02, 2015, 11:48:21 AM
 #3

he said that blockchain can not be secure without the bitcoin network.
you dont need to put the transactions on the bitcoin chain directly but , side chains with a hash of the current status of the blockchain stored on the btc bockchain it will solve that secuirity problem and will not overload the btc network.

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November 02, 2015, 01:03:10 PM
 #4

What's a sidechain and a blockstream?


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