All About Bitcoin with Former Bitcoin Armory Engineer, Andy Ofiesh
In this episode of Device Squad—the podcast for the Mobile Enterprise from Propelics—what is the deal with Bitcoin?
A lot has happened since the last time Steve spoke with his friend Andy Ofiesh, comedian and former Software Engineer at Bitcoin Armory (his brother’s company). In fact, a lot has happened since they recorded this episode only two weeks ago. Namely that the price of Bitcoin has skyrocketed from $2,600 to $10K!
This time, the conversation is all about Bitcoin—and about the November 17th “crash” that occurred after the cancellation of the SegWit2x hard fork. Learn what caused the dip in the price of Bitcoin and why it has the tendency to behave with such volatility. Plus, Andy and Steve discuss the following:
- What is a hard fork?
- What is the SegWit2x fork?
- What is a segregated witness?
- How does a Bitcoin hard fork differ from the standard definition of a hard fork?
- What is Bitcoin Armory and what do they do?
- What does giant Polynesian stone currency have to do with Bitcoin?
- Is there a limit to how many Bitcoin will be produced?
- What is the significance of this limit?
- Block size — does it really matter?
- Why did Bitcoin need to double the block size?
- What’s the difference between Bitcoin and Bitcoin Cash?
- What might cause Bitcoin to become centralized?
- Why is Etherium not doing as well as Bitcoin?
- Who wrote the original white paper / Who is Satoshi Nakamoto?
- How much of the world’s energy is Bitcoin consuming and how does this affect the price of Bitcoin?
- How many times may a Bitcoin be subdivided?
- What does the future hold for Bitcoin?
- Is there a limit to Bitcoin’s potential value?
If you missed it, be sure to listen to Part I of this series, all about Blockchain.
Links in this episode: