His name is Vitalik. Butyrin talked about the baseless predictions made by many influencers analyst and market pundits in the last 2 untuk 5 tahun. That turned out to be very wrong. He said that there should be at least some incentive to say same things that are sane in this space. Bitcoin has always been a highly speculated asset right from its inception. Several market analysis or analysts and traders predicted that the price of Bitcoin would reach hundreds of thousands of dollars by now, and some pundits claimed that Bitcoin would be worthless in some years. Metallic pewter and highlighted some of these highly ambitious predictions and a few years ago that turned out to be wrong. Here'S a tweet right here. This is why I think digging up overconfident predictions people made two to five years ago that turned out horribly wrong and laughing at them is a great custom to have. We need at least social incentive to say things that are sane and we need to be reminded of everyone's phal ability, metallic pewter and tweeted that digging up overconfident predictions people made two to five years ago that turned out horribly wrong and laughing at them is a Great custom to have he replied to this tweet that said that there is a lack of accountability. Framework I'm gon na get to that in one second, for those, with a high degree of influence once again, there's a lack of accountability for those with a high degree of influence.
But how I butor had also added that we need at least a social incentive to say things that are saying you need to be reminded of everyone's phal ability, one of the main things that he said. First. First of all, this is not me by any means backing either side and I'll. Explain why, in one second, you may not have noticed, or you may have actually noticed. Bapak. McAfee has not been in the news as of late mr. McAfee around 2000. It must have been 2016 2017 predicted that by the end of this year, that's this year right now that bitcoin would hit 1 million dollars per coin and if not, he would eat his giblets says it right here. Just can't say the word, but you get what I'm saying as time has gone on, and we have come to the conclusion that bitcoin is probably not gon na hit a million by the end of this year. Bapak. McAfee has actually changed his stance completely on Bitcoin, which is really weird because since around 2012 2013, he was the main cheerleader or bitcoin, saying that it was gon na be the greatest thing in the entire world and then when he realized that, by the end Of this year he would have to eat his giblets um. He has now started. I don't know if you've seen this, you can definitely I mean the informations there on the internet has started to promote other coins and say that bitcoin is indeed an Shi t coin, because right so yeah I mean it's it's, actually ridiculous.
For those of you who were not here during 2017 2018, it was just a really big problem where what's his face. What was I gon na say I just completely. I was looking at a like a bowl of walnuts and I completely lost my um train of thought anyway. The point is a lot of people have made outlandish predictions, and a lot of them have not come true. What I myself now have found interesting is that I think what Vitalik is saying is true in its own manner. I also think that mm hmm. I think I think it's important to look both ways when crossing the street, because there have been a lot of cryptocurrency projects that have themselves predicted andor, promised things that were going to happen and they have not so I'm just gon na go through a couple of Them just to let everyone know or to kind of you know, um put us all on the same page, because I think a lot of times, yeah I'll, just kind of say it. This way. We had news a couple of weeks ago months ago. At this point, it says diddy theorem, silently give up on plasma for those who do not know the 2016 2017 plasma was touted as V. It was, it would have been the equivalent of or something adjacent to, the Lightning Network that would allow aetherium to have millions of transactions per second in 2019. A lot of that news fell completely silent and we have heard not much about it, and we also had news from the plasma team.
I think they said that they had moved on with development of it and had moved on to something else, which leads us then to believe that what we had been promised. This is why I I've I don't know if italic said this is like a don't make predictions or don't say things about other cryptocurrencies or rather have sane predictions. But as we know, many of these things have not come to light and probably are never going to come to light, especially stuff. That was said over the last two to five years. On top of that, for those of you not looking at the screen, it says there eum's big, switch the new roadmap roadmap, the proof of stake from the 5th of May 2017. It was widely believed that aetherium would have transitioned to proof of stake known as caspere. Di 2017 and a lot of people were very geared up for this and very riled up and if you are paying attention, none of that ever ended up going through Furion will match visa in a couple of years says founder. This was printed or made September 2017. Those of you who – and I don't mean this in a in a mean way for those of you who don't know what the word couple means. It means to that's a general way of saying it. You don't say a couple and mean around 15. That would have been September 2019. He theorem is still at five transactions per second and many of the Music scaling.
Solutions that had been promoted or promise for aetherium have either follow through, or they simply are just not taking place. For those of you who also remember, I remember this is a very big one – the philippa nning, you never hear this ever mentioned ever anymore. Ever for those of you who have no idea what the flip inning is. This was also a very big prediction. This was a massive prediction: a lot of fight started in the cryptocurrency space. Over this. It was the idea that, at the end of middle of 2017, as Bitcoin would go up by 12 in one day, theorem would go up by 23 percent in one day and therefore people began to speculate and say that etherium was definitely going to let Bitcoin and Become the number one crypto currency, the problem is for those of you who remember history, XRP, actually flipped, etherium and kept on going a lot higher and when XRP mathematically with all the coins in existence was very close to Bitcoin that's when the entire coin market cap Situation ended up unfolding if you will, and the flip inning also never happened. This was this was a very big thing. If you want to talk about actual predictions, it was widely debated that not only was this was before we had the whole Tron card on. Oh EOS, before everyone had been birthed, the entire discussion was that aetherium was definitely poised to become the number one coin.
Is that still going to happen? Probably not we've had this discussion many other times before. I don't think he theory is going to poof into smoke, but there's, probably very little chance of it ever becoming the number one coin, because whenever something is added or is paid attention to outside of the cryptocurrency space, it is usually just focusing on Bitcoin a lot Of times when I make videos or when I say things, I know it's, not everyone, but a lot of people tend to people. Try to fight me all the time. One of the reasons why I think I I don't know I say things because I know things I don't say things because I'm trying to sound smarter than anyone else. I don't say things because I'm trying to be pompous or whatever you might think other I've been in crypto it's been eight years now. I remember all the promises, and this is why I keep saying for other things that we've talked about before in the past. Like I remember them saying that, and it definitely did not come true for those of you not looking at the screen – I'm gon na read through it just so, you have a little idea of exactly what's going on the title says 2017 to today. Aetherium predictions are aging, but not well in June 2016, because e Theorem came out around, kupikir 2015. This was around the time I think when they had like officially officially launched 2016 Vitalik predicted.
This shift would occur in early 2017, that is to say, 2017 that we would have proof of stake. If you look at a clock or look at your tablet and look at your watch, yeah the etherium projects, here's the actual roadmap for all of this. That was happening metropolis was supposed to happen in fall of 2016 serenity. The release of Casper, which is the actual proof of stake protocol, was supposed to happen. Early 2017 webassembly release 2017 now here's, where it gets very fascinating, and this is why I a lot of my bullishness strength or weight that I put behind e theorem is simply because mainly of the enterprise e theorem alliance, when it comes to the actual news of Upgrades you've heard me mention for a while now I'm, like okay we'll, see if it actually happens, and I think a lot of people take that as like a a very cynical manner, it's once again, because I've been here for eight years, I saw all of this Stuff being announced five years ago, for those of you not once once again, not looking at the screen cerium 2.0, yet unnamed is expected in late 2017 etherium 3.0, which would be the unlimited scalability release is expected sometime in late 2018. If you are keeping track of time, that is those dates are definitely passed. So whenever we get news or information – and this is why – and this and I I think, it's very important to kind of point all this stuff out once again, I've been here for a while I've seen all the hubbub I've seen all the hype and I've also Seen the delays in quarter, one of 2017 Casper proof of stake was not live, no were, but the community was quite optimistic.
It would be at least live by today. There is a very big thing happening within the cryptocurrency space and has been happening for a while. You can announce anything you want, you can say that something is going to happen, something's going to take place, something's going to take shape, and that is going to roll out and people kind of believe you. The issue is, is that about a year later – and I have a friend who works on works closely with another project and he is going to be stepping away relatively soon, because he told me he actually looked back at old documents and pretty much saw that they've Been promising something for the last two to three years is not etherium. He doesn't work with it with the people from etherium and everything they said has pretty much been a. I don't wan na use the word sham and it's a very well known, crypto project as well. They simply the idea is now. This is what my friend told me, and this is what I also just assumed. These are assumptions. This is not fact or written in stone. What a lot of cryptocurrency projects are doing. Right now is they're making it until they make it. The idea has been for a while – and this is why I think the be run down in prices over the last two years has been absolutely phenomenal, because it got to finally shake out a lot of the worst cryptocurrency projects that were actually out there.
Jika Anda, you are able to say anything during a during a bull market, you can make any prediction you want and it'll always come true, because every single price is going up, and this is why we saw the market completely lose its mind in 2017. At any other time you can pretty much say this is going to happen. This upgrade will take place, and in that moment people will listen to you. They go WOW. It'S, definitely gon na happen about a year or two later. Whenever I end up mentioning hey that upgrade, that happened, people go oh you're, so impatient, it's, gon na take time and I'm like yeah, but that was proposed three years ago. So my friend pretty much figured out that people in his space were pretty much told. Keep developing what we told was going to come out in 2018 is not going to come out for another three years. Once again, this is not for a theorem and pretty much when the market goes up. People, investors are appeased by the prices going up and therefore people stop asking questions, because when people make money, no one asks questions, but when prices are going down, this is when they become very antsy anyway, right just I'm. Very glad that I even found this article – and this is why the Internet's amazing, because you can find all of these old things we were supposed to have aetherium 3.0 oleh 2018.
We still don't even have a theory – 'm 2.0, a's 0, and it will then be 3 years late and as it is expected now, phase zero will roll out, hopefully sometime in july, but even then still no major confirmation. The other thing to always remember is is that this does not happen over one cryptocurrency project. That is not me, throwing stones andor rocks at aetherium. This happens a lot, and this is why, once again, I retain my focus heavily on Bitcoin, because Bitcoin and the people behind Bitcoin have thus far made no real promises. The only promises that we get from Bitcoin are from the other developers who are working on other things, people who say that the Lightning Network is going to be great and wonderful. This is also usually done by people outside of the actual purview who are working on the actual Bitcoin blockchain same exact thing with other implementations or possibilities of implementing memba Wimble and any other thing on the on the Bitcoin. Blockchain also has to come down to a consensus vote for those of you who are not looking at the screen. This is an article about the release of or the full release of our danau, and when it was supposed to happen, this is once again why I think all of this stuff is very fascinating, because you can find anything on the Internet. It says at this point: although the Development Goals include the remedying of the flaws of smart contracts, computational models and cost and complexity optimization will have been implemented.
The team sees this goal as achievable in the next 18 bulan, meaning that, by the end of 2018, she'll be able to see a clearer picture of how and whether Cardno has engineered improvements for smart contracts. This one says is a right here for those of you also not looking at the screen. I just assume most of you are not looking at the screen. Baik, you may have noticed a huge uptick and I'm sure it's, not just me of people who are because I think these things need to be, and this is why I said I love that metallics at it. I think these things need to be kind of spoken about. I I don't think the the I I think, it's impossible to say these things without timeframes, because I think people need timeframes, but a lot of the implementations that we've heard from many different blockchains were supposed to have happened in either 2017 di 2018. When they don't happen, you can find the articles you can find articles about the actual full rollout or the beginning of the rollout of Shelly on Cardno in 2017 and then 2018 dan 2019, and also in 2020. This is actually from the the Cardno forum. The goal of Shelly is a path to full decentralization in Cardno. The three main work streams are incentives, delegation and networking. This was supposed to have been done and finished by quarter, three quarter four of 2018. Once again, if you are paying attention to the actual time frame, it says Cardona moves closer to Shelly release amid a flurry of news.
Cardona was currently gearing up towards its next major update, which has been confirmed to arrive quarter 1 of this year. If you look up a tiny bit, it is the 1st of January or 8th of January 2019, still no Shelly and just to bring it on home. A lot of people forget that these things exist so that you can actually find these things on the Internet. Shelly right here decentralization is the light blue and it's a long track and is supposed to be completely done by the beginning of 2020. A lot of these things have also been moved, a lot of people, whatever new projects come out, maksudku – and this is better – I won't say that about all projects when major projects come out, a major projects that are toted touted shown as the the successor of Etherium I pay attention I don't anymore, because a lot of them all the ones that come on now just complete garbage the ones that have retained interest from other people are Cardno tron eos and i want to save each hv chain. Isn'T really meant to be a and any theory mhmm pettit ER, but i remember looking at these road maps a long time before and the actual move of shelly was actually a bit towards the end of 2018, the entire point being once again, this isn't to talk Negatively about any particular cryptocurrency project, but they all do this they've all been doing this and I assume – and I probably assure you they will all be doing this for a very long time.
We will probably not have the full rollout of aetherium 2.0 and so sometime around the year 2022 and that's, probably being generous and then at that point we will started to have discussions about any theory on 3.0, which will probably not be finished into around 2027 that's. Not a prophetic vision, it's just more of a complete band of honesty. Anyway, I yeah a lot of people were asking before, and I saw some people in the comment section asking. Why am I always talking negatively about Cardno? Why am i oh so negative about someone? So I don't know and it's not about negativity it's about if you had, if your partner, if your friend, if someone told you that they were gon na, do something for you in 2017 and it's 2020 now and they still haven't done it. You become very skeptical that it can actually even be done if the people from Cardno had just launched in January of this year, and they said that they would have all the other rollouts of everything else happening this year. You go. Okay, let's see how it. Actually, you know unfolds if you will, but since 2017, if you've been hearing that cardano's gon na have a full launch by the end of 2018 and even then a lot of the stuff was proposed for 2017 and then when the full rollout happened in 2018 I'm Sure a lot of you remember this as well that we would have, by the middle of 2018 the actual full blown Cardinal.
This was around the same exact time when EOS was gon na launch and Tron were also same timeframe, launching remember their predictions that we had for EOS going to a thousand dollars per coin by the two guys from from that podcast and they they bet like they. They felt like a million dollars each or something like that that cart, that EOS would be a million by the end of 2018. Also didn't take place. I assume one of them won that million, because one was yay and one was nay so, like I said all put into perspective, I think it is thing I even have a word for it just always know right, yeah so finishing the last point. Somebody was asking why I invest in these projects. If I always talk negatively about them, I think people are very tribal and crypto I'm, not exactly sure why the reasoning for this is like. Can you imagine two investors sitting there talking to each other screaming I own Amazon and therefore Apple is garbage and the other ones streaming. I own Apple Amazon is garbage for some reason. This happens within the cryptocurrency space. I own Bitcoin, you own steller, therefore I'm more dominant to you, I'm, a large part of me I'm in this space for the money. I see the long term prospects of where the money is going to go. I own ether, I own card. Ah, no, I do not own Tron, no, no, no, no! No! No! No and a lot of the other coins that I may not care about.
I know that other people care about. Why do you want the honest truth? Because I know that people don't really pay attention. I know that people didn't really pay attention before when he theorem said that they were going to launch proof of stake by the end of 2017, another that headset has completely flawed out people's minds, but the issue is rather the the situation is they have tons of Money still backing them so eventually, at some point, I believe he theorem is going to hit four thousand dollars a coin I'm gon na make tons of money from it, and this is just how it kind of is same exact thing with card. I know people forget very easily very easily. I don't that card on Oh, was supposed to have really been. You know it was supposed to have overshadowed there IAM by 2018, as you might have noticed, it didn't take place, but the card, ah, no community. Do you want to be called that is, is, is they're very adamant that I'm wrong, and that all this stuff is going to take place already did take place so that the timeframes that they were talking about before just simply don't, really matter even after we've had Confirmation from Charles Hoskinson multiple times you remember for those of you who were here you, you wouldn't, even know how, how I remember the timeframe, because in 2018 I remember I couldn't pronounce Charles Hoskinson, I say Charles Charles Hoskins, or something like that, and I remember people In the in the comment section used to get upset with me that it Hoskins son, but I used to never say Hoskins sensitizer started making the joke afterwards.
I'D say Charles Hoskins son, just to put the extra emphasis on it. This was also in 2018, when people told me that it was going to take over. So you have these bundles of people that's, not at all what I was trying to put together in the crypto community who, regardless of how late or how slow the news is or how the upgrades are, or the so and so, or that quarter 1 dari 2019 We'Re supposed to have the major upgrade for Shelley didn't happen, but when prices do pump, I do still stand to make an enormous amount of money from holding these coins. So while I wholeheartedly believe in the idea of decentralization, that is a a complete truth. I think the world is going to be a much better place when we have things on block chains, not saying that everything has to be on a blockchain. But I think when we have are able to hold banks and institutions accountable when they talk about that billions of dollars have been laundered through their systems and they simply don't know where it went to that. That won't happen anymore. Once we have proper accountability through all of these systems, we can actually verify these transactions. I think their world will be a much better place. Namun, on the other side, I'm. Also here for the money, I have a lot of things that I plan on doing I give myself five to ten year goals.
This is how I live. This is how I've always been every five years. I have specified goals and, over the course of a 10 year period, I must have done a certain amount of things. Cryptocurrency allows me to accelerate my goals rapidly when it would have taken me X, amount of time to be able to make six seven andor. Eight figures cryptocurrency lowers that timeframe dramatically from a certain amount of year. Begitu, while I may tell the truth, this is all that it is. I also like I said I also hold the etherium. I also hold many other coins and have not done what they're promised, but I know that during the next move up, even if we just get to the former prices, I stand to make a large amount of money and that's all that really matters, because it allows Me to go deal with my other life goals, but always keep that in mind. I'M, not saying things just to be negative. I also do have I promise you. I have money in the space and when coins go down, I also lose money and when they go up, I also make money. Begitu, thank you, Batali beuter, in for pointing out the fact that people should not make crazy predictions for what things are going to happen, especially over the last two to five years and just to say, you know, saying things within the space like um e theorem was Going to have phase three completely completed, but I mean: can you imagine we don't even have a theory of 2.
0. We are probably it's gon na be a good eight years before we see any sprinkle of e theory and 3.0 anyway. That'S the that news for the day I thought is IIIi thought I just had to clarify it. I think a lot of people get very confused in the comment section. I believe in decentralisation, and I think decentralization is a very important thing. I think many projects that I hold are just not gon na make it and when I say make it I mean in 10 untuk 15 years time. I think Bitcoin will still be around many other coins. I don't necessarily think they will be there, but I hold them for the next two to three years, because I'm, pretty I'm fairly certain like even if Cardona was a dollar in 30 cents or something like that. If Shelli does ever get rolled out sometime this year, I wholeheartedly expect over the next two years to see a two to three dollar card on. Oh, I think that is definitely pull the cord from one of my like definitely a possibility, and that buys me multiple departments so good job car down. Oh good job, Ethier, IAM and good job. All the other coins I'm, not gon na mention out loud, because there are a couple of them anyway, without further ado. Let'S move on next up for some reason in in news that was really everywhere news. The latest installation of the cooking simulator called cooking mama cook star is that the center of controversy, after being removed from Nintendo's eShop just hours after its release, while there's no official statement as to why the game was abruptly pulled rumors on various social media platforms.
The ledge that the title was using players, Nintendo switch consoles to mine, Bitcoin cryptocurrency. The accusation began when a reddit user claimed that cooking mama cook star was secretly mining crypto. The game's association with crypto likely stems from the fact that its publisher originally stated the game. Would utilize blockchain technology first playable, the games developer, says game contains zero code relating to crypto or blockchain. He says as it developers we can say with certainty. There is no cryptocurrency or data collection or blockchain or anything else. Shady in the code, the Nintendo switch is a very safe platform, with none of the data and privacy issues associated with some mobile and PC games. For some reason this was this I mean I guess not for some reason, I guess it's kind of significant. If there was a video game on the Nintendo switch, that was actually mining, Bitcoin that'd be completely insane. Apparently, people are saying. No. This is definitely not a thing that had never happened. That, apparently, was just a lot of bluff negative energy floating around the space that had nothing to do with what was actually taking place. Simply because a couple of people came forward and said that it was happening to them with no actual um verification that it was taking place. So for those of you who were wondering why you're cooking mama got taken off your switch now now you know, but we have seen this before in 2018.
This was a very big problem in Starbucks. Remember that one where people were going into Starbucks joining the public, Wi Fi and their phones would like get really slow or like something bad would happen to them. They realized it was like Mal away or put onto it and like um mining software and people were. I think they were mining Manero on people's phones and laptops and stuff like that. This has happened across the entire industry, so I guess the news of it happening through Nintendo was just are too scandalous for them to deal with anyway. That'S the Nintendo Cooking Mama news. No idea how to move forward let's, move on next up trade mark, East Africa or te or TM ei. Okay, is by far the most respected organization which is known across the globe for its efforts of improving likelihoods via improving trading conditions, sure TM EA tamiya. Ah, saya, like TM EA, has an impressive track record covering more than 8 countries. It covers the development of strategies related to infrastructure, all development, such as roads in border posts, upgrading government agency systems and processes, and makes considerable improvements in the regulatory environment here's a little tweet from iota, as apparently they have partnered with trademark East Africa. After a long discussion in ideation strategies, the iota foundation received the long awaited approval from the team of TM EA and is now a strategic partner with it. Both organizations follow the same set of values.
Both the organization's are transparent and inclusive uses their individual capabilities for public welfare and both the organization's are directed by non, not for profit authorities. Sure the partnership allows Ionis foundation to work with TM ei, to work up initiatives or use or using tangle to improve the management of data and make collaborations with traders so apparently they're going to actually be using the tango. And this is why it's important iota has Iona's a very weird project. We don't hear so much talk about anymore. Around 2016 2017, there were a lot of people who were going through the actual code, and they said that iota does not actually work that there are a lot of hiccups inside of it and that it does the idea behind iota. Once again, for those of you who don't know was to be an infinitely scalable blockchain before we had Tron and card on, oh and EOS we had iota iota was meant to be the usurper of not only a theorem but also X, RP, and then once it Passed by those two, it would pass by Bitcoin to become the number one coin I've been here for a while I've heard all of it. Namun, we don't get a lot of discussion or talk anymore from developers who are looking through the iota code, saying that it does not work. I assume it works, especially if they made tons of partnerships, but maybe just not to the extent that we were told or promised, because I assume they're probably also going to have second andor, third or fourth layer solutions as the years end up going on.
But the iota foundation has actually been receiving a number of partnerships, which is always very fascinating because it's, usually in ways that we that I did not expect Iona's initial idea was and I'd kid. You not was that if you were, it was pretty much like the Internet of Things. This is what it stands for like, but they like a lot of the the selling points were like inside of your house. If you were low on milk, your refrigerator would tell the chip inside of your milk carton, that you were low on milk and they would send you a text to your phone. Do you want to buy some more and you would click? Iya, I want to buy some more milk and then, by the time you got home a self driving car with it or drone, or something like that would have delivered it to your place and it would all be going through iota. Yeah we'll see how that ends up taking place, but um iota has been racking up the partnerships, I guess the most notable one was um Land Rover drag Land Rover Jaguar, which um sure I guess it's still taking place, but this is another notch on their belt. I don't own, I owed ax, I don't care for iota really, but I think it's interesting, that one of the they've been to one of the more quiet, crypto currencies and they do have a lot of partnerships forming it's, just a matter of getting them started, or Rather, initiating them or activating them, or actually using the watching, my Jagger's using the actual thing, because we got a lot of news in 2017 2018 that X company was going to use.
This Y company was going to be doing that, but from actual data usage and like the actual looking at these block chains and or tangles, we don't see any actual real usage, or rather the usage hasn't spiked, like their volume, isn't up there's only one or two Of them that have actually raised their volume over this time period, but good job to the io to people for actually having another partnership that is very it's, very rare in the cryptocurrency space to have a partnership that's, an actual partnership. You know exactly who I'm looking at anyway, yeah good for them and let's move on next up new laws for regulating crypto currencies in Japan will start to be enforced next month. The payment services act or the PSA and financial instruments in exchange or fear, F. Ie. A fire fear do have the pieces of legislation passed by the Japanese House of Representatives last year. Regulate crypto were scheduled to come into effect, starting in April, however, with unexpected delays and the world going mad, no enforcement date has been officially set until last week. In a third of April, edition of an official government newsletter was announced that the revised versions of the PSA in fear will be enforced in Japan, starting on the 1st of May, as there are no official laws to regulate crypto in Japan. Amending existing regulations is the only way at this time for digital assets to have any kind of legal status in the Asian nation as such changes to the PS a range for changing a basic terminology, crypto asset instead of a virtual currency, to tightening registrations restrictions on Crypto custodians: in addition, crypto exchanges operating in Japan from the 1st of May will have to manage users money separately from their own cash flows.
This means finding a third party operator to hold the clients money and using reliable methods like cold wallets. To do so awesome cool a lot of this is taking shape, or rather this is the year that the Financial Action Task Force told other countries that they had to kind of get it together. So by the end of this year, the entire world. What have you should be under the financial action task, force's crypto currency rules – and I guess this is the implementation from Japan. I guess they say we'll. Do it our own, almost curse, our own selves, keren, more more regulation regulation has helped price wise or rather has helped new people come into the market. Do we want it, pria, it's gon na happen? Of course we can't really get around it. It just kind of is what it is to finish things off paxville a peer to peer Bitcoin exchange now allows users to transact in gold. Ceo ray Yousef said: the new service comes in direct response to users, requests really offering a swap option in a transfer procedure. Really parties first negotiate terms, including if the gold transfer will happen in person in really the gold transfer, and I would not want to buy or sell trade gold in person. That sounds extremely dangerous. If the gold transfer will happen in person and where the Bitcoin holder then sends the agreed upon phone's funds into a paxville escrow, where it sits until the gold holder confirms bullion transfer and the counterparty confirms receipt at that point, paxville releases the Bitcoin.
All this must happen within 21 hari-hari, a payment initiation or the parties enter dispute. Arbitration gold trades must submit to PACs fools no year. maksudku, of course, no your customer protocols or transfers value cheese for transfers, valued over 50 with enhanced due diligence possible. For pro perspective, it was like prospective perspective, glowed gold sellers. According to the press, release paxville recently on boarded chain analysis, intelligence tools for crypto. Really there people want people wan na people are selling their Bitcoin for gold. We had this discussion before big Bitcoin goes up by 18 percent in a week in gold goes up by like five six seven percent in a year, maybe more I'm being generous with my numbers, but really okay. If you've been looking for a way to trade, your Bitcoin for gold, pax pax falls. The way I would oh, can you imagine, can you imagine want to be so upset? Can you imagine selling your Bitcoin like you see gold going up by like 8 every other month you like? Oh, I wish I had some gold, you sell your Bitcoin and then Bitcoin goes about 300, like a week after you sold you'd be pretty gosh darn angry. I wouldn't even think of that I'm. Not gon na know what yeah yeah I would. I would I wouldn't even know what even really I don't know. I I remember years ago you you all seen those stores. Whatever city you live in, you, you at some point walked by one of those streets where you can sell your your gold and silver and other jewelry and stuff like that.
From for for money, currency and stuff, like that, I so he's like that's, so generous of those companies that they would give people money for gold like that's, that's, so crazy and, as I got older, I was like oh they're, taking the gold for themselves because the Gold is worth more than the dollars so I'm, just gon na leave that one there yeah. I I wish them luck in their endeavor. I know no, no, no! No! No! No! No! No! No! No! I was gon na even say. If any of you use this tell me how it was. I just not financial advice, but um. We were at 3500 a couple weeks ago. Now, Bitcoin is flirting with 7500, so less gold adds four thousand dollars to its numbers. In the next couple of weeks, um yeah, I think that's gon na, do it for this video. I just thought I'd, you know, share some information and shed some light as to some of the things that I say because time this is not the last time. This is not the last time that we are going to get information from cryptocurrency projects as to their updates, their upgrades and where they're gon na happen. Sorry, I'm, tired yeah, just keep it all into perspective and – and I in in three years, we'll come back to a lot of this, because I can only imagine it and I give it three years in three years, the new coins that will be released.
The new coins that are supposed to push out move away, Bitcoin there iam, XRP, well we'll, discuss them a whilst we'll talk about how popular they are, but just remember a lot of the coins that we have now or that we had before. I haven't done what they said they were going to do. We still have the same top three, a lot of coins that we also have now that people keep screaming at me about that are going to be the most amazing full fantastical things in the entire world. A lot of them will probably have lettered away so yeah it's. Just I think myself. I think people like the idea or the prospect of finding a new Bitcoin or assuming that they can't get Bitcoin because bitcoin is too expensive or that they shouldn't put money into Bitcoin, because there's probably more of a prospect for them to make more money from other Out coins, which is true sometimes this is definitely a. This is definitely a thing. Bitcoin may go up percentage, wise or dollar wise by a lot, but percentage wise out coins may take the lead, as it were, we'll see how this all turns out. This is the this has been if nothing else. This has been one fantastic experiment in trying to create a new monetary system through the creation of decentralized cryptographically, whatever fied currencies will see. Like I said, I hold a lot of the coins I hold because money.
I know in about three years my investment portfolio real estate portfolio will be absolutely insane thanks to these coins but um. As far as what I truly believe in, if you've been watching the channel before, you should know exactly what it is. I do hope that you all enjoy. I hope you all are having a great day a great morning a great afternoon a great evening wherever you are wherever you might be. I do hope that it's absolutely fantastic.