We are pushing forward.
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Great course, very useful and practical so far. Looking forward to start a course on programing smart contracts.
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Have been expressing my interest in blockchain and cryptocurrency the past few days and am astonished how little people know about this wonderful technology, which actually really gives me hope that weâre ahead of the game.
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If the earth was hit by an electromagnetic wave that temporarily wiped out the electric grids for say an hour, would the blockchain still be there when we turned the computers back on?
I donât know. Does anyone know what would be left in that case?
Its so left field and hypothetical it probably doesnât have an answer. I just remember back to a widespread blackout in 2003 https://en.wikipedia.org/wiki/Northeast_blackout_of_2003 and not having cell phone access as the towers were down, cut off from the world. With so much solar and wind power now I should put this memory to bed !
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Hi All - general questions - curious to see your answers:
- What are the biggest risks for a bitcoin (and other cryptos at large) collapse?
For instance, (Bank cartel to unite against Bitcoin? SEC going after one/several? How about an unprecedented internet collapse (it that even possible at a global scale?!)?
And conversely,
- What are the main potential catalysts for bitcoin and cryptos at large to succeed? For instance, would something like a bitcoin exchange-traded fund (ETF) or an initial public offering (e.g. Coinbase?) contribute to that success?
Thanks for your time and thoughts.
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I would guess that in case of an internet collapsing, your Bitcoins would be the least of your worry. Also you could technically still use the Blockstream satellite to receive blocks, a bit more work to send the tx. But internet in that regard is just a medium that is used to sync the nodes and is not the only one.
IMO its mostly a matter of educating people about the technology because by knowing how the technology works, people would see why cryptocurrencies are such a breakthrough in the first place.
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As a real estate investor and landlord. I am now curious on how I can use blockchain technology to do rent agreements and collect payments of rents. Is there a project working on that currently.
That would be really helpful because currently I pay a third party to collect my rents from tenants.
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Iâm not sure anything like this exists. @amadeobrands does mention a platform for trading real estates using NFTs in his DeFi 201 course. But Iâm afraid that is not what you are looking forâŚ
Ivan you are great teacher, especialy your course is so detailed and easy to understant. thanks
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Thank you for clarifying Mark, I was also thinking about this.
Hi Cordos,
Based on my current understanding:
1.
That China and the US and countries of similar magnitude go together in a joint effort to shut down Bitcoin and similar cryptocurrencies. Itâd probably be done in a gradual way.
First outlawing the use/possession of Bitcoin as well as the mining of it, or having any kind of affiliation with the technologyâŚ
âŚframing it as if itâs a threat to âdemocracyâ, itâs not in the interest for the âgreater goodâ [insert suitable double speak phrase depending societal setting].
Then, those who still mine crypto would be taken out by force (legally) and made an example of in the news in the form of: âLook at these perpetrators, these enemies of the state.â
Money Printing is an essential tool of power. Itâs not for nothing the US tried several times to prevent or protect itself from the formation of âFederalâ âReserveâ in 1913.
2.
People starting to wake up to a greater extent, in the sense that they start:
a) Questioning the relentless money printing.
b) Asking themselves why they ought to work so hard to earn something [insert any kind of fiat currency] thatâs so easily printed, by a centralized authority with little to no transparency in its workings.
Crypto with its blockchain technology, the way I look at it, is inviting societies around the world to the adoption of a technology that is far more democratic in terms of how it organizes/distributes value.
From a less revolutionary perspective. Letâs assume cryptocurrencies continue to co-exist alongside central bank-issued currencies, I think what would contribute to that success you are mentioning is,
continuously improved ease of making payments between people,
as well as an increased awareness of cryptocurrencies existence and their overall viability within the collective / hive mind.
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I need some big boy pants.
The money printing is scary. I keep trying to explain to people the value of their house is the same as it was five years ago there are just more dollars in circulation represent that value. Most donât get it.
It appears to me that from the beginning of history people have been developing methods of bypassing central authority whether it be by teaching or telling stories through metaphors, or leaving oppressive lands, or developing the internet, or the latest development blockchain. Blockchain certainly appears to me the most fair option for distributing resources and developing a trust-less society.
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how i can become a blockchain developer and i have background in IT RELATED FIELD
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Hello There,
Hope you are excited about this amazing opportunity that we are inserted on !
I think the 1st step is to understand the technology behind and if you are here you have probably took the right 1st step.
Talk with your Personal Student Counselor about your goals he will direct you in the right path to achieve them.
Invest quality time on your studies and ask if you are passionate about itâŚ
If you do not have any programming skills you can choose a different path within the blockchain technology or simple learn, we can all learn that is the beauty of our human brain.
Welcome to our beautiful community, enjoy !!
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I have been seeing you maps and I think its great, especially for me as a learner it is nice to see, video plus visuals it helps me to understand things easier, I think if you would be a sort of blockchain teacher, maybe you already are 
, then you would be an amazing one! 
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I have big girl pants 
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As I see it the ongoing change between centralization and decentralization throughout history is the engine that drives humanityâs development. Where mistakes are made (for instance centralized infinite money printing) the opposite, decentralization, will take over. If blockchain remains an exclusive platform for whitewashing criminal fiat then the cryptospace will trigger more centralization. Itâs a cycle.
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