Beginner’s Guide #16_ The Future of Bitcoin with Jeremy Welch - WBD201

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Location: Skype Date: Friday, 6th March Welcome to the Beginner's Guide to
Bitcoin. Bitcoin can be intimidating for beginners. The protocol is complicated,
the community can be aggressive and unforgiving, silly mistakes can lose you
money, and it is easy to succumb to altcoin marketing. Bitcoin does though,
offer you the opportunity to hold a new type of monetary asset, one which can't
be seized by the government and is censorship resistance and It has the
potential to change the way the world. The goal of What Bitcoin Did has always
been about making things simple; there are no stupid questions, and the show is
here to help beginners navigate this new world. To kick off 2020, we are
launching a special series to help beginners understand Bitcoin. We will be
looking at the basics from breaking down the protocol to explaining the
economics and discussing the potential societal shift. Beginner’s Guide Part 16
- The Future of Bitcoin with Jeremy Welch In just 11 years, Bitcoin has already
achieved so much: The price has grown from $1 equal to 1,309.03 BTC in 2009 to
$7,950 per Bitcoin (at time of writing), having peaked at $20k in 2017. Market
capitalisation is nearly $150 billion, and Bitcoin is now on the radar of
investors globally. A phenomenal ~ 110Exahash secures the network. Transactions
are regularly well over 300k per day. Bitcoin is the most decentralised and
censorship-resistant currency in the world. A lot has happened in a short space
of time, but what will the future hold for Bitcoin? There are still many
challenges for Bitcoin, whether that is scaling, enhancing privacy or UX and
ease of use. At the moment, Bitcoin is still for the relatively tech-savvy.
While Bitcoin has been met with either scepticism or fear by governments, in
general, there has been little action taken to disincentive people from owning
using it. If adoption continues to grow, will the world powers enforce stricter
regulations? In Part 16 of the Beginner’s Guide to Bitcoin I talk to
Jeremy Welch to discuss the future of Bitcoin. We get into how governments and
central banks will react as Bitcoin poses more of a threat, and if we will see
hyperbitcoinisation.