Hello, everybody welcome back for another video hope, you're all doing well and that you're all having an incredible day to start things off Bitcoin mining Colossus bit Maine has rejiggered its sale strategy to reverse a decline in market shares following the return of co founder Jehan, who, At the company's helm at a customer event hosted by bit Maine on Saturday in Cheng du China, who appeared on stage for the first time as the sole chairman and CEO a month after regaining control addressing clients and partners, he presented new strategies to restore bit Maine's Waning market dominance. In essence, he proposed to sway miners to stick with bit Maine's products by having the company take on risks related to cash flow, Биткоин, price volatility and electricity cost as such bit. Maine is betting big that bitcoins price will jump next year amid the scheduled halving of mining rewards, which will reduce new to supply created with each block of transaction, whether the next having will actually spark a rally like the first two did, is a subject of heated Debate within the cryptocurrency community, while the event was exclusive to customers, green shots of the firm's presentation desk, see seen and verified by coin, does show that bit. Maine has rolled out three main tactics to appeal to mining investors. The other interesting part is that they're trying to take a a cut where's, the other part present. The payments need to be cleared. Yada yada yada a second, a second tactic that bit Maine plans to roll out targets, those who own mining farms with power resources, but do not have enough equipment to run at full capacity.
Super long story short: we are really really really really long story short. We are at the beginning of what is expected to be absolute madness. Will it be absolute madness? I cannot tell you for sure, however, a number of companies a number of institutions, a number of everything on this planet are betting, very big that bitcoins upcoming mining. Having reward is going to cause bitcoins price to go absolutely insane, whether it be from hype it'd be from fundamentals, whether it be from people just simply trying to finally get into the cryptocurrency space, whatever it actually might be bit main was the largest Bitcoin cryptocurrency mining Operation thing that we had on earth, they were very strong in their own way, here's the actual chart right here for those who don't know. This is the the newer one back in 2017 һәм 2018 bit Maine, I believe controlled. It was at least 42 of the Bitcoin hash rate, meaning they were mining at least logically, 42 percent of all the Bitcoin that were ever created, and it was believed that a number of other smaller entities were also theirs as well, and people were like they control Over 51 of the hash mining power I'm sure. I think that this is them now 0.5. I think it also says it's somewhere in the article. If I can find the numbers, where is it somewhere? I can't find it it's somewhere in it somewhere within the text. As well, apparently, what happened is there was like a bit of a power struggle within the company as Bitcoin prices and the wider cryptocurrency space prices were going down during the course of 2018, it main had revealed that they were selling off a large amount of their B, cash that they were selling off a large amount of their light coin to be able to make ends meet.
Apparently this also involved them having to shut down a large number of their mining operations as well, so they've shrunk down by a lot. It is they think a lot of – and this is this – is gon na – be one of the craziest moments in the cryptocurrency space. We'Ve spoken about this a couple of times before we mentioned bitcoins mining reward, getting cut in half and this happening and so and so and so, but I don't think people really understand exactly how much money there is at play within all of this. For those of you not looking at the screen and said why bitcoins next, having may not pump the price like last time and the other article right next to it, says Bitcoin having could leave price at 20 өсөн 50000 hedge fund manager says I see these every Single day, these articles are popping up almost said: non stop aliy constantly all the time, no matter where I go, no matter where I'm trying to get my information from it's a split, I guess even here, split down the middle. A lot of people think that this pump, or rather this reward, having will have no effect on the price. A lot of other people are saying that it hasn't that the the weather price currently is it hasn't even begun to price and the effect of what the halving is going to have and what's. The most significant thing about this is that we're getting numbers anywhere between 20000 I've, seen as the more conservative 150 thousand, is usually where a lot of numbers lie, and it goes around to like seventy five thousand after that is well.
Fifty thousand dollars per Bitcoin leads us to a one trillion dollar market cap and at that point, it's believed that Bitcoin will grow wings and become this super dominant entity around the world that people simply can't ignore anymore. I wonder if bit Maine is going to be able to come back it that that's a huge fall from grace. You know from at least 42 0.5 it's kind of insane. I think we need to have like an actual discussion on this and I didn't. I really mean that, because I'm afraid of a another 2018 2019 situation, where people get their hopes up and they think that something is going to happen. Or they assume that there's going to be a major movement or something is going to take place. And then it doesn't end up happening. A lot of people end up getting very mad and angry. However, like I said, we are at that point right now, where we are so close to 2020, and I mean six months away: Jenny. If every March April May five and a half months away from bitcoins reward getting cut in half and the money is going to start pushing the price around as they wish, whether that be up or down simply because, if and when. In my opinion, we get a 50000 Bitcoin that's gon na, be it for a lot of other coins hitting a one trillion dollar valuation isn't. Something to scoff at that is it's unreal that we could have an asset that was has been around for 11.
12 years. Is cumulative lis worth one trillion dollars? A lot of other alt coins were start to die, even more so than they already have and it'll solidify Bitcoin as something that we've never seen before in the history of anything anyway. Bets are in right now, and I guess even Bittman is also trying to find a way to come back as well, and there I assume the money flowing behind them has to be very significant for them to even think about betting on something that is relatively unknown. Let'S move on next up H, bus or HB u.s., the US affiliate of the who OB group exchange announced Monday. It would cease operations in the coming weeks. The company said in a notice that it would shut down trading services on the 15th of December 2019. That is in five days, customers have until the 31st of January 2020 to withdraw all of their assets. Any customers who have insufficient balances to meet the minimum withdrawal requirements are encouraged to convert their assets into another crypto or Fiats to see if they can meet alternative minimum requirements. Deposits will no longer be accepted. The news comes roughly a month after who ob Group announced it would force its us based customers to use H bus as part of a measure measure to comply with US laws. The company said on Monday. The move is specifically so that it can return in a more integrated and impactful fashion as part of its ongoing strategic layout, though no further details were provided and they did not return.
A request for comment exchange. Your money laundering fencin got all their paperwork in order. Yeah so um this is another cryptocurrency exchange. I assume we will receive more news about this, as maybe the day or the week goes on. A number of cryptocurrency exchanges are announcing that they're halting operations. We had a number a lot, not even a number. A lot of crypto currency exchanges who launched their own or new or subsidiaries of cryptocurrency exchanges this year. Why? Because people believe that the beginning of this year that we would see 20000 per Bitcoin by the end of this year – and you see where we are right now – therefore I'm trying to be nice, a lot of cryptocurrency exchanges have simply disappeared. A lot of coins have disappeared, a lot of people in the cryptocurrency space have disappeared. So I guess the point to be made is: if you have money on who will be us or know someone who does take care of it right now, don't lose your money. I'M, going to expect that we're going to see a number of other cryptocurrency changes when when prices go up and do well, everything in the entire space does very well. 2017 was an unreal, it was it was it was. It was a year, unlike anything, we had ever seen, no matter what you launched, no matter what you did, no matter, what exchange you opened, it did incredibly well and now the market going down is allowing us to really weed through what's needed and what isn't a Lot of what we have, whether it be exchanges, companies, corporations or even coins that have no real use case – are floundering in the Music wake of the crypto price devastation, that's kind of the only way I can really say it – here's the actual notice from them from Who all be us and says important notice, H, bus two seats, each to cease to operate yeah let's move on here's, actually one that, I think is actually very cool now now stay with me on this one.
This is something that I think should by all means by all means and you'll see why actually cause XRP to go up above 1 or 2 and you'll see exactly what I'm talking about in one second, and I and I – and I think this is a bit Of news, and not only are is, is no one going to talk about, but it's, something that everyone should be talking about, because it logically is probably one of the smartest things that has been done in a very long time. Ripple'S director of product is rolling out a new digital marketplace that will allow musicians to sell their songs online for XRP nothing revolutionary cool, it's, going to be called ex songs. The platform utilizes pay burner and integrated payment system built on top of the XRP ledger. Here'S. The actual tweet for it right here there is no fee to upload or post a song and musicians will receive 100 of the revenue 100 of the revenue from their sales through peer to peer XRP payments. The marketplace won't support legacy payment methods and allows creators to set their own price. I assume this means they won't be accepting Fiat. Creators can set their own price and it's going to be exclusively on XRP. I didn't see anyone talking about this yesterday and I'm. Pretty sure I'm not going to see anyone talking about this, probably ever again, but the idea that as a musician in the end then and then and then and then and then hang with me even here, if you've heard of the apps tick tock vine.
What are the other ones that people are looking at when they walk down the street without looking at the actual traffic passing by them? All of these platforms are made, or a number of these, nearly all of these platforms, especially stuff on Instagram Instagram. What is a TV news, whatever they call the thing at the top now, where you can post videos of yourself doing funny things singing songs, showing yada, yada yada? Imagine the situation where you can get paid in cryptocurrency, xrp doesn't even have to be the actual focus of it. The fact that this XRP is neither here nor there it could have been Bitcoin. It could have even and I'll and I'll say this in honesty. This could have even been Tron the fact that musicians will receive 100 of the revenue from their sales is insane. You know how many other musical platforms that there are out there – I'm, not gon na, even mention the actual names of them. You should know if you're into music, where you can post your music and you get money from people listening to your stuff or to the sales of your stuff and you get around what is it 5 1? I don't think many of them are over 50. Imagine getting 100 of the revenue like you, get everything from the actual sale of it that's insane. This is something I don't know how to really put it any other way. The cryptocurrency market doesn't make any sense.
You'Ve heard me say this before you heard my rants you've heard my. I think I blackout when I have rent are they did they go completely off tangent, sometimes, and I kind of lose it. The fact that there's a situation that someone is creating something think of it think of all the people. You know who sing, who writes songs, who play guitar, who upload videos to YouTube? Who upload videos to? I have friends who does it call tick tock who watch it and some of the stuff on there is so nonsensical. Some people can say imagine if there was a platform where people could also post these videos become popular, make money for it and they got 100 percent of the revenue from it. Can you imagine a platform like that not taking off? I can because the cryptocurrency market doesn't really pay attention, they think of it's it's it's it's it's. Actually, insane do it says the short term goal of the platform is not to make money but to create a thriving product that increases the usability of XRP. This is kind of a no brainer. Can you imagine having something imagine a platform, imagine an app, then you could open up every morning and you could cough or sneeze into when you got paid in XRP. How many people around the world are coughing and sneezing and then they'd be? You would receive 100 of the money that you made from that cough andor sneeze.
I assume at the depending on how how funny or odd you look as your coughing andor sneezing. He said if you can build a product that drives significant value to the market. Monetization will not be a problem. Uber loses money on every ride they give but they've built something incredibly valuable. The project is currently in beta for the uploading publishing side of the marketplace, which includes a wallet and the ability to manage music. They said once we've got enough music uploaded and finished. Building the front end marketplace will turn on the purchasing side of X songs. This will be the front end to allow anyone to buy songs. His will likely happen in a few weeks after the publishing side of the build up phase concludes according to the ripple executives if you watch the channel before, but just to reiterate, this is not paid advertising. I don't do that on this channel, but how much sense does this make we've had issues before are not even issues like we've had discussions before as to what the the killer app within the cryptocurrency space would be like? I said it could have been any cryptocurrency. This makes so much more sense for music creators and singers and pianists and harpsichordist, and all this other stuff to actually use. Imagine it's it's. What drives me crazy and why and why. You hear me frantically making odd noises it's, because I know that this won't take off. I know that people will see it and it'll either be a situation where they go well.
It'S with XRP I'm I'm gon na wait for some other coin. To do it or they'll simply see it and not pay attention and they'll go to another platform. That'Ll give them 5. You know how many things out: it's it's. The point is, like I said, not paid promotion I'm not being paid at all. However, if you know someone who's a singer, who's a musician who makes music, who does anything musically that could benefit from this tell them we have so much. I think a lot of the good news that we get in the cryptocurrency space is constantly hyper absorbed by people that they don't understand the actual future benefits of it like you want to talk about an actual use case for something this is it this? This has three, if even if they change their their their one, the one hundred percent of revenue, two ninety nine percent to ninety five percent and the people from this platform got five percent of it. You would still be getting more than just about every other platform out there, where you can post your content. Every single musician on the planet should be using this platform. You understand what getting 100 percent. You know how many people in the record industry, google it right now, Google, how much people in the record industry get when they post their songs or all this other stuff when they like, when they have a record label. It'S abysmal, like some of them, get like 10 өсөн 15, sometimes even less like, like the management gets everything.
Do you understand what 100 III I'm beating an actual dead horse right now, because I'm trying to drill it into people's heads how great this is? We should have other stuff like this. This is instead of all the other nonsense. Can you imagine if the people from Tron hadn't spent 100 million dollars on what would what do they buy BitTorrent if they hadn't spent money on buying Polonia ax if they had put their money into us, is something like this? Where people received 100 of the revenue that they got from their songs and their music to be paid out exclusively in Tron, I would I would have sat there shocked if Tron hadn't gone up to at least 75 cents over the course of, like six seven. Eight. Nine months, I would have been like all the musicians in the world aren't understanding. What Tron is then offering. All I can hope for is that the the marketing from this does exceedingly well, here's, the actual medium post for it right here to sell your music for XRP. I I know that this won't have any effect on X our piece price. I know that this won't have any effect on the cryptocurrency market because because people I'm I'm trying to get myself to go to the next tab because it's it's unreal, can you imagine making? Can you imagine posting on Instagram? Imagine posting a photo on Instagram and you got 5 cents worth of XRP, even two cents of x, RP for every post that you made and you got 100 of the money that you made.
Imagine if you imagine, if you got more likes on that photo. The extra x RP that you would get now imagine a situation where someone really likes your photo when they contact you and go. I think I need this 4 4 for an exhibit for so and so and so and you got paid in x. Rp, do you know how many people would flood Instagram with photos they they would see a surge, unlike anything else, that we've ever seen before in our entire lives. The fact that we're gon na have something like this in the cryptocurrency space, and I know that people aren't going to use it, is infuriating. It makes my blood boil you can't, I don't know if you can hear to my voice. It makes me angry because we are the cryptocurrency community, and so many people within the cryptocurrency community don't do anything to further the cryptocurrency community. Everyone is just a whole bunch of infighting and a whole bunch of nonsense and a whole bunch of anger. 100. I it doesn't get any clearer than that I'm gon na move on for the sake of my brain next up, multi asset investment platform and social network eToro is allegedly planning to launch a debit card in the second quarter of 2020 on the 9th of December Business. Insider reported that the United kingdom based digital asset trading platforms, 12 million users, will be able to spend their earnings via a debit card planned for launch in quarter 2 of next year.
The service will reportedly launched in the UK firt. If you are looking at the screen, they misspelled first, so I decided to Seifert in the UK first. However, other details about this plan debit card launch remain unclear. He toros global head of public relations and communications, Amy Butler confirmed to coin Telegraph that the company is indeed working on a debit card launch but declined to provide more details at this point and time here's. The actual Business Insider thingy majiggy about her right here is that social trading, social trading platform eToro, was planning to launch its own debit card next year, just like everybody else, everyone's trying to do this. This is happening because, for those of you who don't know it was believed years ago that cryptocurrency payments would take off and that when they did take off, they would take off with your mobile phone and nothing else, not joking. It was believed that everyone would be able to scan a QR code enger' how much Bitcoin they wanted to send and do so and so and so on. Yadda yadda yadda and wait a couple of seconds and then end up paying a cryptocurrency. It was, but we thought it was gon na go this way. I don't remember who the first company was who announced their debit card launching service but it's taken off. I assume it's very popular as many of us have debit andor, credit cards and we use them. Maybe potentially on a daily basis, this is how the cryptocurrency space is probably going to continue to evolve until we figure out something cooler to be able to make payments.
Every company within the cryptocurrency space seems to be launching their own debit card so that you can pay with your crypto if you so decide to choose to do so anyway. This is like the I think, the the 38th company that we've heard from this year. I guess it's more significant, as eToro is a major player in the cryptocurrency space. I know a lot of people, don't really care for eat or oh I've heard um, not horror stories. I'Ve heard, like you, don't actually own the crypto on the platform and so and so and so, and so but alas, here we are to kind of finish things off finance. It says the second digit bitches, the second biggest cryptocurrency exchange by daily trading volume at press time. I wonder when that happened. Inez has always been the first. I wonder how accurate that is now supports Bitcoin futures trading. It has a new app on ios after by Nance, initially launched its two futures test net platforms on the 2nd of September. The exchange now allows users to trade Bitcoin and eat their futures contracts via its newly released iOS application according to a blog post on the 9th of December. According to the firm bond, an iOS app users can now trade Bitcoin to USD T contracts at up to 1. Oh, my gosh 125 percent leverage that is disgusting while eath to USD T contracts, are capped at 50x leverage that's still a lot 125 leverage is nonsensical.
The news comes after bond and launch features trading on this Android app in October, the company noted by Nansen ether, Futures Trading is now available on Android bond. An stated in the blog post in the other part, was, I said, yeah so they've apparently hit a new record all time high of their futures. They said within this first two months of operations by Nantz future's reached an all time, high daily trading volume of more than three hundred and seventy thousand Bitcoin, approximately around 2.7 billion US dollars. I wonder if finances futures are doing better than backs. I don't know we haven't seen many articles about that. I know at it at the very beginning they were, but I wouldn't be surprised if finances futures have been outpacing those of backed as of late anyway. The point being by Nance has a new futures trading app on iOS, also on Android and futures volumes are hitting new all time highs, because people are interested and want to make the money here's. The actual blog post right here this by Nance launches futures trading on its iOS app I'm still thinking about that XRP thing, I'm, still thinking about it, it's let's move on. As always a very special thank you to my patreon supporters, professor Wally from Gumba University. The animal reader eight biblio phobia bare bones: mining Todd, Mullis, Adam gracyk, moja, Maroney, Master ventures in Thailand, Brady Neil's, woody and Daisy triple m NJ cherish nighter.
Why is my towel for to the world Krypto Joe bankroll Network adobo mill, wheezy mechanic, strange radio, central crypto artists, cold III, decrypt applets Nicholas one note one piece: one love Damian said soon and it can I our mission with two third of Vlad: the Impaler crypto Beer shipmate packs s nickman yella body and the new Charles, Jim garner Jeremy Fox minting coins Miller his chest every day in caskets leg day. Yes, Krypto Bodie mcboatface, Sammy Bouchard, ting, tang walla, walla, bing, bang, Anytime, Fitness monks, corner staff and shoop shoop, Diddy, WAP, Hammer, hammer, Hwang and dang. Thank you all very, very much for your support. At the moment, the market is down not every single coin, but big coins are currently in the red. There is no exact news at this moment in time of me, making this video as to why the market is down. However, it is probably a mixture of the who OB thing maybe or it could be. Yesterday I saw a number of articles floating around that it was make or break time for Bitcoin as we had passed by another Golden Cross. Something along those lines in that Bitcoin was holding steady at 7500 and a big move was on the way, and I assume that big move air quotes was Bitcoin falling down to seven thousand three hundred and fifteen dollars. We'Ll see by the end of I want to say by the end of this week, exactly where prices are going to go.
I do not think that we are going to see a 2000 Биткоин. I do not think that we are going to see a 4000 Bitcoin and I find a little far fetched that we would even see a 5500 Bitcoin by the end of this week or by the end of this year. It would seem nonsensical, but the cryptocurrency space also doesn't make a lot of sense. Tasos is actually down by 7. I assume a lot of that run. Up has taken. His toll is still higher than where we were just a couple of days ago. I mentioned when Tanz us with number 14 or 13 it's now number 11, and it was very close to pushing past lumens. I assume tasers is going to be probably within the top. Eight, if not top, now say top eight within the coming weeks, top nine. I think it'll pass by sv relatively soon. Nothing else too significant to report chain doors down bad as down decries down 0x also has 12 million dollar trading volume. Algren is down. Raven coin. Is down but up yeah? I hope you all enjoyed hope that you all are having a great day a great morning, a great after an integrate evening. Wherever you are wherever you might be, I do hope it's absolutely fantastic. This is, this is gon na, be the big one. We had no real significant events in 2019, it was more of a will. The market recover kind of thing and we did to be fair.
Bitcoin went from 3000, so I think 14000 over the course of like a three four five month period. We did recover so we're higher than the the 3000 where we were before, but I think people expected I was gon na say a little bit more, but a lot a bit more. We didn't have any significant move or not even movements. Events in the space, as far as like the the reward having we had some upgrades, we had some promises of things that would happen did not take place, but this has been spoken about since 2016. This is supposed to be the big one and as we I think, the the I think the big test, or it for me will be as if we see significant movement in price or even volatility volatility. Moves me means that people are actively swinging back and forth and trading. My computer was shaking, as I was doing, that movement by February March. If we start seeing major gains, it means that something big is going to take place, but until then the discussion will definitely continue. Thank you all once again for watching and or listening. I have to have to go by this article because it's gon na bother me so much it's gon na bother me so much that other platforms are going to be released, that I know that other people are going to continue using. Not even not people that, within the cryptocurrency space people around the world are going to continue using terrible platforms where they make almost no money.
Can you imagine what this would do to the music industry or people are especially new musicians who are trying to get out there if they could post their content on that platform and get 100 percent of all the money that they made? You know how that would change the music industry and no one's gon na use the platform. I I know it I just I don't understand I don't get it and it has nothing to do with xrp either. I don't even care that this XRP Aiken I'm raising my hand to the sky. To just to hold me steady, I could even see if there was something like this now and it's gon na shock a lot of people. If Satoshi's vision had launched something like this, where you still got 100, I would still support it. I know a couple of you just clutched: your pearls got a little shock there. You understand the significance of that. We there's nothing like this on the planet, where you get 100 of the money that you make not eBay, not Amazon, there's, nothing where you sell something and you it's at mmm. Hmm. Thank you all once again, I'm clutching myself. Thank you all once again for watching and ER listening, and I will most certainly be talking to you all soon see you. You