Yesterday, I made an interesting interview with a real Bitcoin expert Frans Valli. It’s now live on YouTube! (Link in the first comment)
I ask Frans 7 tough questions about Bitcoins and about its future.
Frans has studied Bitcoins (and other cryptocurrencies) for thousands of hours and has worked in different Finnish Bitcoin companies so he knows the subject extremely well.
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Here is a short summary of this Bitcoin interview:
- How do you know so much about Bitcoin? Give us some bakcground. 0:44
- Is Bitcoin a Scam? Is Bitcoin a Ponzi Scheme? 2:55
- Why is Bitcoin so expensive? Is Bitcoin a bubble? Bitcoin price prediction? 5:28
- Does Bitcoin have a future? Bitcoin vs alt coins 8:33
- Is Bitcoin effective? What about the electricity consumption? 9:40
- Bitcoin vs Banking system / Visa transactions 11:28
- How to buy Bitcoin? Which platform do you recommend? 13:37
I would love to hear your comments and opinions about the subjects that we talked about. We’ll consider make a new interview video in the future if we get enough good questions and discussion.
Also, if you have any questions regarding other cryptocurrencies, you can leave them in the comments below. I can answer you right away or create a full article a video for more detailed answer.
What Is Bitcoin and How Does It Work?
If you haven’t heard of Bitcoin before, I recommend taking a look at my article, What Are Bitcoins and How Do You Get Them? (And How I Made Already Easy 1500€ Without Lifting My Finger). Actually, I have earned tens of thousands of dollars with cryptocurrencies but the principles of Bitcoin are still the same like in the moment when I was writing that article.
Bitcoin was launched in 2009, it it was a ponzi scheme it would have never made this far. Bitcoin is real, however, for a layman like me it is difficult to understand how the bitcoin value is determined and how bitcoin is mined.
I can understand your point. It also took time from me to understand many things around Bitcoin. Always everything new takes time.
It’s funny that I just recently met a lady who thought that Bitcoin would be a Ponzi scheme. I talked about that on my newest YouTube video.
Bitcoin is on the rise and there’s nothing we can do about it.
That’s one way to think about it 😉
Bitcoin is waxing stronger daily as its value is increasing geometrically. When I first started earning digital currency, I began with bitcoin faucets, but got frustrated later due to their extremely low income potentials. I could work for a month and only earn $1 worth of bitcoin. When I discovered that faucet was a sort of rubbish and scam, and didn’t have enough cash to buy the miner, my mind was turned off any bitcoin idea.
What I have watched here is quite interesting and has turned my mind on again with hope. I should be able to try bitcoin out again with the knowledge and experience gained here.
Yes, Bitcoin and (other cryptocurrency) faucets are usually paying very little like you said. That’s why I haven’t used them. I haven’t done any mining either.
I have only invested in Bitcoins and that has been extremely profitable. 😉 Of course, the price will dip at some point but I believe in the future of cryptocurrencies and blockchain technology.
I have been into several ponzi scheme before and actually I got some money from it but in truth I lost as well, a considerable amount but I’m quite sure Bitcoin is absolutely different from ponzi and it’s a much safer investment when compared to ponzi.
Ponzi is like gambling which can easily go south and you lose everything, and if you aren’t careful there are several ponzi sites that are set up by scammers who simply wait for you to fall victim and they dupe you.
Yeah, Ponzi scheme is based on some lie. Bitcoin is a transparent technology like we discussed in the video.
I couldn’t be able to watch the video as a result of low data where I am now, but I have to admit that bitcoin is not a scam and there is few chances of it experiencing a bubble any time soon. The reason I said so is because of the fact that most companies and institutions are making bitcoin a mode of payment which has heightened its importance to people around the globe. When, I have strong data, I would definitely watch the video.
Good points. I interview my friend in the video who has a huge knowledge of Bitcoins.