The latest CoinGeek Weekly Livestream episode saw Kurt Wuckert Jr. host “Ask Me Anything” and a surprise appearance from SLictionary founder John ‘Jack’ Pitts. Wuckert covered the latest developments in the Bitcoin space, including the recent surge in the price of the BSV blockchain.
What is going on with BlackRock?
Wuckert starts with the news that everyone was talking about. File the BlackRock BTC ETF with the Securities and Exchange Commission (SEC). For those who don’t know, BlackRock is the largest investment institution on the planet and recently applied for permission to launch a spot digital currency ETF.
Spot BTC ETF filings are nothing new, but what caught people’s attention this time around is that BlackRock believes other bitcoin forks may be real bitcoins and reserves the right to change their minds. acknowledging that This may be related to his recent BCH and BSV price hike.
Uckert has raised concerns about BlackRock’s involvement, as the company is known to make investments on the condition that it embraces the ESG agenda. He notes that if they launch a BTC ETF, they will also want to get into mining companies, exchanges and others to advance green energy and political agendas. This can lead to all kinds of unexpected results.
Interestingly, the ETF application directly mentioned Dr. Craig Wright as one of the risks associated with ETFs. This shows that BlackRock knows about Dr. Wright, his claim to be the inventor of Bitcoin, and the potential risks if he wins the COPA v. Wright case.
What about the rising prices of BSV and BCH? Uckert believes speculators are likely in a position to be hedged and “depoliticized” following BlackRock’s statement. The fact that both coins were pumped suggests it wasn’t a pump-and-dump, he says.
Digital Gold on BSV Blockchain When?
A viewer asked when the idea of creating a digital gold exchange on the BSV blockchain will come to fruition.
Uckert clarified that he knows people are grappling with this issue, but it’s not Peter Schiff. We don’t know what the demand will be, and there are various challenges to overcome, such as custody and proof, but we’ll keep our viewers informed of what’s to come.
How do .sats ordinals work?
This is also a viewer question about what is happening in the on-chain Bitcoin economy.
Wuckert says think of these like DNS records. On the web, these addresses are used for communication between parties. In Bitcoin, .sats addresses may serve a similar function. He bought Wuckert.sats. Technically, this could allow you to receive payments to that address or sell it at a later date.
If 1 satoshi is worth 1 cent, can micropayments still exist?
Wuckert has a quick and simple answer to this. “Yes, subsat payments can be sent through payment channels, and small tokens can be issued.” Micropayments will continue to exist because Satoshi’s 1/1000th of his payment can be sent through payment channels.
Can you elaborate on ASIC hosting?
Uckert insists he didn’t pose this question, but it just happens to be one of his company’s services. gorilla pool I offer Basically, when you buy ASIC, ASIC hosts it, sends and settles your electricity bill, and sends his newly created BSV to your payment address. This is a service that runs on your behalf that takes all the hassle out of BSV mining.
Jack Pitts joins the conversation
at this point Sophisticated Founder Jack Pitts joins the show. Pitts is a seasoned investor and short-selling expert, so he’s the perfect person to shed some light on BSV’s price dynamics these days.
Wuckert begins by asking whether the recently added Huobi BSV futures are good or bad. Pitts replies that Justin Sun owns most of Huobi, so it can’t be good. He hopes OKX will delist BSV and will push Huobi to delist as soon as that happens.
Uckert asked why more liquidity is generally accepted as a good thing. Pitts responds that liquidity is only good when it’s real, not fake liquidity at rogue casinos. He said these exchanges are based overseas for a reason: they are up to bad deeds.
So why would both BSV and BCH pump? I think so, and it may be related to the recent BlackRock ETF information.
I contacted Jack Pitts to ask more about this and he responded with a quote summarizing the situation. he told me:
“There are real buyers and sellers on BSV, real catalysts and news. not, and perhaps not even a mission statement.
This leads them to host a market that is primarily for their own benefit, and they are unscrupulous about who they have to kill to make tens of billions. The world doesn’t fully understand the plans they’re running, but most of them are basically Sybil attacks on cryptocurrency buyers, from Grandma to Elon to Thaler.
When you trade on these bucket shop exchanges, you are the mark, not the customer. If an exchange uses his USDT, stay away. If your exchange prides itself on offering derivatives (Huobi, OKX, BitFinex), stay away. If your exchange has ever traded with Deltec, Prime Trust, or Silvergate, stay away. Go earn Bitcoin and win the SLictionary Word Bounty!”
That concludes this week’s CoinGeek Weekly Livestream.subscribe CoinGeek YouTube Channel Stay updated when the next episode is delivered!
CoinGeek and John ‘Jack’ Pitts Conversation: English Speakers Are the True Keepers of the English Dictionary
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