OK so tell us about this Jihan whoo fellow he sounds like a James Bond supervillain or something yeah the entire Bitcoin ecosystem owes a debt of gratitude to Jihan Lu Zhi Han Liu is the CEO of bit main the most successful Bitcoin related business ever in the entire history of the Bitcoin ecosystem it's more successful than coinbase it's more successful than blockchain it's more successful than Zappo or anybody else out there so he started the most successful Bitcoin company in the entire world that sells their Bitcoin miners to anyone anywhere in the world who wants to buy them strongly supports and his degree is in economics right and he understands that if you undermine the utility of Bitcoin and commerce you undermine everything about Bitcoin and that's why Jihan Liu has been so strongly in favor of not undermining the usefulness of Bitcoin it's very interesting his his mining company sells miners to anyone in the world who wants to buy them bitfury the strongest mining company in support of Segway and core they don't sell their miners to anybody you have to have like a million something bucks to buy any of their mining equipment they don't sell their minders to to home minors or hobbyists very very interesting and their mining pool isn't open to the public you can't mine on their mining pool whereas Jihan abit mein his mining pools open to the public anybody combined on it the majority of the house raid on his mining pool is just members of the Bitcoin public so to try and demonize Bitcoin as a supervillain is the exact opposite Jihan has done more to help the Bitcoin community than just about anybody so he'd consider him an honorable man he's a trustworthy honorable man then I haven't had too many direct business interactions with him but generally to grow a business to that size you have to be a trustworthy honorable guy or people aren't going to do business with you I mean you're big I mean when people want to talk about this I want to talk about the your side they're coming to you I mean you are synonymous with this movement this block size thing I mean it's there's no doubt about it you're you're you're the guy I mean would be that's entirely fair no there's a huge huge number of people that are very very upset with bitcoins usability as money being undermined and if Bitcoin has high fees and long Confirmation times and be due to the full blocks that are intentionally being advocated by Bitcoin corn core supporters they openly say that blocks need to be full all the time that we need to have a fee market there that undermines bitcoins usefulness is money and so maybe I'm one of the better communicators and one of the more public figures on this side of the debate but there are a huge number of people that understand that in order for Bitcoin to be useful as money it has to have low fees and and and be easy to use and have your transactions included the next block right away and if that's not the case people are going to start using something other than Bitcoin and so that's very very damaging for Bitcoin it's damaging for the Bitcoin ecosystem it's damaging for people who hold Bitcoin because it undermines the value of the bitcoins that they're holding it's damaging the Bitcoin comm is future business prospects it's damaging to the entire Bitcoin ecosystem and you know it's 10:00 am
here in Tokyo when I woke up this morning the latest news today is that store storge or storage or however you pronounce that one is no longer going to be using Bitcoin they're gonna be using a curium and it's happening time and time again we're seeing more and more businesses switch to something other than Bitcoin and we're seeing all the new capital coming into the crypto market space going to things other than Bitcoin because the blocks are full and the user experience of people trying to make a Bitcoin transaction or is poor than ever before and I know we said we were gonna save the scaling debate for a little bit later but for me just this is the biggest issue that needs to be resolved in Bitcoin it needs to be resolved right away and that's why I'm so worried for this and that's why I'm spending so much time every day talking about this as publicly as I possibly can well yes so in theory if this fork happens I mean you want this fork to happen soon and and the forked Bitcoin wins and becomes the real Bitcoin you are going to be the new Satoshi Nakamoto of this version of Bitcoin you position yourself that way whether you like it or not and I don't really think that's fair either I think I but you'reyou're the I mean you are the face of n so I'm wondering what will happen to the price of this fork Bitcoin when the US or the Japanese government tried to imprison you I mean that it's it's something that has to be considered here it has to be considered you this this new coin this new version is very much associated with you and me the media is contacting you about it they associate you with it I mean I see I see I see a weakness in what could happen here I mean what what would happen if they tried to imprison you I would probably wind up going to person is what would happen and of course I don't want that to happen and even with the current version of Bitcoin as the CEO of Bitcoin calm I'm plenty susceptible to government you know government skit if I go to prison I'm lucky governments drop bombs and kill people all over the world every single day so as long as I'm alive that's better than a lot of the ways a lot of people around the world are being treated by governments this is this is the thing here we we're gonna go from having the founder of the coin being Satoshi Nakamoto to the founder of the coin being Roger ver and if Roger Baer is I completely remember your premise here I completely reject your premise the founder of the Bitcoin unlimited is the same Bitcoin that we have now just with blocks that are a little bit bigger than the ones that we have today the Genesis block was still created by Satoshi Nakamoto it's the same chain it's the same blockchain I completely reject your premise that I who I would be the founder of some new coin they will have a guy to point to and if you are arrested the price will be destroyed they cannot it's just with with Satoshi he will not be arrested he will not be captured if if this fork happens there's a change of mentality that's going to happen and it's just you will have initiated a change they will be able to point to it they don't understand what the heck point bitcoin is but they're gonna say hey it is this is the new Bitcoin now this is the new guy we got our guy we're going after him now I just feel like that will do absolutely nothing to stop Bitcoin or slow Bitcoin down bitcoins you know tens of millions of people around the world using it so if I go to jail Bitcoin will be just fine without me now going back there was a tweet that you had on March 17th and it was a it was about there was an African kid photo on it and it's linked to below and it said most people in the world have no value to store so Bitcoin needs to function as a payment network in order to be useful to them and then there was a caption that said I'm supposed to use Bitcoin as a store of value when the fees are more than I earn in a day have you been the Africa before have you been there uh no I have not okay okay and maybe I don't know the origin of that put that picture miss me on the internet so it's a photo that people make beans out of all the time and if you go to any mean generator that's one of the top memes that one of the top photos that people use to make memes out of so we don't even know if that photo was taken in Africa or anywhere else well look like a typical Sally Struthers African type of picture you know but I was in Zimbabwe and Mozambique and South Africa and Namibia for two months very recently and I gotta tell you payment networks and coffee and the things that you bring up it's just they're not issues there and I wouldn't encourage you actually there are guys that I know they're there the Roger bears of South Africa the Roger bears of Zimbabwe Towanda Campbell and Lauren gainer all talk to these guys they support Segway and I mean Bitcoin already sells at a premium in Zimbabwe the way it is right now so I mean I see I see the point that you're trying to make but I think on the ground in at least the developing countries I was in physically in Bitcoin is very much fine as is and payment networks and coffee are just not things of what would people care about so more people support the US dollar than supports a gwit that doesn't mean that the US dollar is a superior payment network then seg would enable Bitcoin how often do you use Bitcoin your software payments oh no I don't use it for that at all because I don't I don't believe it's a purpose that I don't it's not an interest of mine and I see where I ever like where I've traveled the people uses a store value in these Zimbabwe Mozambique and in South Africa none how often do you actually make a Bitcoin payment on the Bitcoin network yourself no I got mine I don't use it I buy and hold Bitcoin and I think I think that is 95% of people are doing right now I think you want to you you see it your way you want to help your business out I mean you ask this question all the time to ask tone neck question and and you you and I think it's the little people that way that's the one of your techniques it's an emotion use your technique use it okay so I think it's interesting though it because this is three out of three for the people and in public debates that I've asked this question all three of them said that they rarely use Bitcoin I use Bitcoin every single day to pay people all over the world an average day probably several tens of thousands of dollars worth of Bitcoin I used to pay various bills and various things that are happening here the Bitcoin network is less usable than it's ever been ever before the reason Bitcoin has a value of a thousand dollars today is because so many people are using it in commerce and that gives it liquidity on the markets and because it has that liquidity other people are willing to use it as a store value if Bitcoin isn't able to be used as the means of the payment and commerce it won't be useful as a store of value either so that's what has me so concerned is that bitcoins ability to be used as a payment network is being incredibly undermined and if you undermine bitcoin's ability to be used as a means of payment it destroys bitcoins use case as a store of value as well so it it has to be both of those things or it will be neither of those things so if people like me are no longer able to use Bitcoin in commerce and to pay people around the world people like you won't be able to use it as a store of value either I disagree people are just they attract people use it to transfer money out of their countries I mean the about Bitcoin to send money out of their countries as being undermined by high fees along confirmation delays know things in Bob way they wait eight hours to get $50 out of the baht bank it doesn't they don't they don't care about time when you would do you want to let this thing go to the public if it's the number if it's number two to the other Bitcoin in terms of coin market cap or less than the in less than the etherium market cap which is very off abhi I'm confident that people that own bitcoins and hold bitcoins and run businesses and have capital realize that Bitcoin needs to be the most useful money we possibly can make it and Bitcoin core is road map it doesn't do that so that's why we're seeing more and more people supporting the qanun limited more morbid unlimited blocks more more businesses more and more everything are supporting it economic pressure is gonna win out in the end the smart thing is going to happen in the end so there's no reason to fork off and do a completely separate coin I think when the fork happens a hundred percent or 99 point something percent of people are all gonna go in the same direction because there's such a strong incentive for everybody to stay on the same chain so that it'll almost be like when the fork happens it wasn't really a fork at all because everybody went in the same direction I think that's the most likely thing that to happen we we have these no numbers pointing showing the opposite and then if you check out social media on Twitter I mean it is seems overwhelming that this support is for segue I mean that's that's what I'm doing so you're saying X Y Z is gonna happen all these people are going to switch over and you taught your babies you took a very good game I think you took a good game based on emotion and everything but I think that the hard core numbers out there is it's it's showing that people yes I'd like to point it so it wasn't emotion that got me excited about Bitcoin when it was less than a dollar it was that I understood that Bitcoin was the best form of money that the world has ever seen and that people were naturally going to start using Bitcoin as money that wasn't from emotion that was from my studying of economics previously and it's that same knowledge that's in my head that tells me right now that if Bitcoin doesn't continue to be the most useful form of money people are gonna start using something else so yes I'm emotional about it because it's important to me and because most of my savings are in Bitcoin but it's the knowledge in my head from studying economics that tells me that bitcoin is on the right wrong path with Bitcoin core and is on the right path with Bitcoin unlimited well the true Bitcoin will be decided by the people and perhaps I mean they might not be on the same page as you I think you're very confident that they will be and you presents a confident face definitely but but again from what what I am seeing and we're seeing two different things here and only on time hotel I don't see the support for your side that you are conveying I see a lot of confidence coming from you and I give you credit for being able to exude that conference yeah that confidence but I I don't see I don't see the support bitcoins in big big trouble and I it's if Bitcoin isn't allowed to scale something else is going to continue to eat into its market share and that's a sad sad day for for every Bitcoin lover on the other side of this debate we shall see about that we shall see about that indeed found that like button I hope you enjoyed that looked back on the road to one trillion dollar market cap of Bitcoin yes there have been many stumbling blocks there's been lots of controversy you just saw some of it and well was the fear in the air or what that dude sure knows how to scare people right play on the fear and look what happened it was just a matter of time you didn't need to rush things long term thinking Segway prevailed bitcoins price was like a thousand and fifty dollars back then look at it now he got his own coin and yes that coin is completely associated with him like I predicted sorry wait i'm adam meister the bitcoinmeister disrupt meister remember subscribe the channel like this video share this video check out the links below pound that like button see you later
