Articles

New Bitcoin paradigm! Bcash situation explained by Ripple, crypto-dividends, hold power!

August 13, 2019


Hello everyone this is adam meister the
bitcoinmeister the disrupt meister today
is August the 19th 2017 and this is not
my regular show this is gonna be an
extra show we’ll have the regular show I
guess tonight it is around noon now on
the east coast of North America and this
morning I woke up and I like had an
epiphany I’ve been up since 6:00 a.m.
I’ve been writing down notes last night
I actually came up with the idea to talk
about be cash in terms of ripple a
little bit and this morning I had an
epiphany and it all came together in my
head what is going on out there now so
let’s listen and I’m not even gonna be
reading too much off of my notes I wrote
down so many notes here I’m gonna pick
and choose random things at random times
I mean I should write a paper on what
Island what I’m about to discuss here so
pound that like button to you to just
spread the word that I’m talking right
now to get people in here so they can
hear this live or so they can watch it
later because this is going to be a
different type of video that I don’t
think anyone has done something on this
topic yet and elaborated like I’m going
to elaborate on or because I think in
the in the space for a while now I’ve
been in the Bitcoin space since 2013 so
like I’ve seen how it goes and I you
know you think you know something and
then you kind of relearn it and got to
be willing to to pivot sometimes and uh
it kind of changed it just admit when
maybe there’s a new paradigm and be
excited I’m really I’m really excited
about what I’m about to talk about here
and you know we’ve heard all this fought
about the 2x and the the B cache fork
and what’s going on with P cache and
this is actually all positive positive
developments I’m starting to realize
everything is much more positive than I
ever imagined so let’s let’s start from
beginning here B cache at the beginning
we thought that this they’re going to
come out with this altcoin and I said if
you can get get rid of it get rid of it
to make 10% you know to get 10% free
Bitcoin is amazing just amazing and I
thought that was pretty cool now when it
happened when August the first happened
and this coin came out in reality things
were a little different and I have tried
to explain this my number one priority
even after this epiphany my number one
pot priority is keeping my Bigpoint safe
okay as you all know I have a good
amount of Bitcoin okay
more than most people who watch this
let’s just put it that way all right
a lot of us in the space you are content
producers or whatever we’ve got a lot of
Bitcoin for and if we’ve been around
since as long as we’ve been around busy
cute you can watch my own videos where
I’m telling people to buy stuff in 2014
in 2015 I took my own advice so I care a
lot about my Bitcoin it’s my savings
account and as I said treat it as your
savings account so when I start to play
around with my treasurer and I start to
hear that people that have to wipe their
treasurer were clean and they’ve had
problems with the conversion tool and
those first few days were scary and that
you have to you have to convert all your
Bitcoin in just to split it in to be
cash all at once you just can’t do it
one at a time and I’m about to travel to
Ireland in on the 9th so this starts on
the first or the second I started to get
worried I don’t want to lose my Bitcoin
I talked to a lot of people online about
this okay
and and so I made my original video
saying you know try to get 10% and you
know again that’s good I thought it was
gonna be a pump and dump
also I and we’re gonna get to why I
thought that in a second I just I
thought it was a great opportunity
getting more Bitcoin I’m about getting
more Bitcoin I’m not about trading or
anything like that so it became apparent
that I was too scared to actually
attempt this during that first week I
was too scared I talked to Rocky
I talked to Ansel who else did I talk to
offline people who you know they were
taking their time off but also I mean
and I not I got you know Rocky he
he did what he did I mean just they
these guys are very careful people okay
and they were making me more careful
which is great so I now I’m looking back
on the whole situation so people are
like Adam said you still have all that
big cash you haven’t split it away and I
have him because I left the United
States on the 9th or the 10th I did not
bring my Tresor with me which i think is
a very good idea not to there was no
reason to bring it with me
so I can’t do anything I can’t split
right now all right
I can’t do it so lo and behold a lot of
people they did great people got 10%
people got 7% people sold also people
some people split some people feel felt
more comfortable than I did that’s great
you should be happy you should never let
greed and ash and I just said in the
original video put your Bitcoin at wrist
oh yeah another person I talked to you
the other name and I forgot to I thought
is Richie Rich Richie Rich also helped
you know kind of calm me down in
everything and not not calming down made
me nervous
make me that you scared of actually
doing the split and that’s good if
you’re if you feel uncomfortable playing
around with your big coin in your Tresor
they don’t do it don’t and I didn’t do
it and so now we see this sort of
attachment that 1% all of a sudden now
it’s good 20% you can make I’m talking
about in terms of Bitcoin I mean you’re
getting free amazing amounts of free
Bitcoin if you actually trade it and you
don’t hold on to it and again I can’t do
anything with it now it could go down to
nothing for all I know but it’s not
going to go down to nothing and the
thing that I didn’t realize before all
this
the underlying principle that we all
need to get through our heads I guess we
should call to ripple principle ripple
is a centralized cryptocurrency that
banks are going to use that there’s like
an unlimited supply
they sometimes all of a sudden list a
lot of it on the coin market caps and
make it seem like it’s worth more okay
and people still buy it people buy it
it’s been the number it’s been in like
the top 5 of market
for a really long time I can shout to
the world that it’s bad the tone can
shout to the world that it’s a scam
people could you know you can say all
these negatives about it but we are in a
situation where the facts are the facts
there are people out there that are
pumping this thing up the day maybe
they’re not as smart as us maybe we
think we’re smarter than we really are
okay I don’t I don’t know fully but what
what I what I do understand is that this
this situation you can call it
irrational exuberance it’s not really
going away anytime soon the newbies
dominate they far outnumber us to you
you got to go back to the 80% 20%
principal I forgot what it’s called okay
I eighty percent of people are going to
continue to act irrationally here
there’s going to be better what my
interpret as irrational or you can tell
them that the Bice theme you can tell
another by because you can tell them not
to buy ripple they’re going to do it
they’re 20% of us are holders or logical
here or what I interpret his last closes
you can disagree with me you can
disagree with me this is the situation
on the ground this is the real-life
situation that this ripple mentality
dominates criminal party people want to
trade they don’t want to buy and hold I
can tell them I can make little
allusions to you through some past
videos how well I’ve done in Bitcoin how
it’s changed my life and you’re still
gonna try to flip I can eat it’s just
the way it is and so it frustrates guys
like Tony frustrate it frustrates of
people holders and stuff like why am I
even hold it why maybe what is is this
just this is this just everything’s just
a big Ponzi out there am i living
through a ponzi what is what is going on
in life here and what’s the reward I
mean so what I’m saying is this us
holders out there the people that I’ve
said to hold I should have had a more I
am not even the perfect holder okay so
you go back to the 80% 20% thing 20% of
time I was
I should have just said from we can hold
that be cash but I have the mentality of
just hold Bitcoin but you should hold I
probably should have said to hold the
big cash because it isn’t this isn’t
about being at war they’re not it’s an
altcoin that’s all it is it’s a free all
corn that they’re giving out this is
people are saying they’re trying to
destroy Bitcoin maybe they are and 2x is
really going to happen to their
dividends they are crypto dividends new
paradigm here we’re going to look back
one day on this and this is going to be
something we realize this attracted a
whole new class of person to Bitcoin the
people like my grandmother who don’t
trade stocks they don’t they just want
the dividend they just want the dividend
and these cookies all coins our
dividends that’s all they are it is a
new way of forming altcoins an
innovative way of distributing these all
coins but they are crypto dividends
because they’re not the real Bitcoin and
we as Bitcoin community members our only
responsibility here is to collect our
dividends but to make sure that we make
it clear through our own personal
marketing that we have the real Bitcoin
good luck with these new dividends that
you’re creating for us and if you want
to be one of the 80% of the people who
don’t listen to you just keep buying it
when we’re telling you not to buy it a
whole the whole nation of Korea is
buying being cached in Japan and Japan
is and whatever great do that you’re
just helping our dividend so we are
getting into a new paradigm where we’re
gonna have to you know there’s there’s
different types of law right we’ve got
divorce law you’ve got patent law you
get there’s different types of studies
of cryptocurrency I guess here two
different management styles should we
say you’re gonna have to become or
you’re gonna have to hire an expert on
managing your portfolio on deciding you
know what am I going to buy based on
what is about the fork and what do I do
with my dividend
when do I sell what’s the best time to
cash in my dividend where do I store my
dividend other companies are gonna come
up and in what exchanges exchanges are
gonna jump on this because the only way
they did it is this dividend being
created legitimate is an exchange
actually trying to sell it they’re going
to be exchanges in United States that
aren’t going to deal with these
dividends at all but they’re going to be
ones outside the United States you’re
going to make every one of them
legitimate okay so we are after 2x
they’re going to be more and more
dividends created and we’re gonna see if
the market likes the exchanges that
lists every single one if those
exchanges thrive or the ones in the US
who don’t you may be the only list to or
none if they thrive here and again you
then you’re gonna say well what the
motives behind these coins aren’t to
create dividends I don’t care what the
motives are anymore all right
did you know 2x probably the motive is
to destroy Bitcoin all right go ahead
make your 2x in November it’s another
free dividend for us here in peat most
people are not technically savvy they
don’t notice that what they don’t know
they’re just gonna see like oh look
if I just buy Bitcoin before this next
dividend comes up my bitcoins gonna be
it’s gonna be even better for me it’s
just it’s just in an enforcement of how
strong the Bitcoin community is that
we’ve defined Bitcoin in this way that
these dividends can be just created off
of it and people are happy about the
whole situation
these aren’t threats these aren’t
threats they’re added value to Bitcoin
they really they really are if you’re a
big coin holder it and I guess that’s
the caveat here if you’re a guy put it
back and forth playing about this is
something to get more people holding
Bitcoin and it’s a totally natural
evolution and I’m starting to see and
understand now and just it’s something
maybe we’re not you’re gonna have to sit
down and start thinking about this too
and and not because I thought you know
it’s gonna it’s gonna dilute Bitcoin if
we keep on having that’s what that way I
originally was like very passionate for
a while against all this stuff but you
can the one thing you can do is just
mark
just make clear that what the real
Bitcoin is be cash is that the real
Bitcoin it’s a dividend so this is
another way to test the strength of
communities surrounding a coin because
guess what you know people think I’m
joking or trying to rip on a theory and
when I say there’s gonna be a third
aetherium when it goes proof of proof of
stake well guess what and I said I don’t
think metallics as much you know he’s
not a genius on this side of things he’s
a genius but guess what maybe he is a
genius on this side of things cerium
will not be hurt when he goes proof of
the state okay it’s not it’s not gonna
be hurt at least by the formation of a
third etherium okay there’s someone nap
people are seeing that these things can
be created easily these Forks can be
created easily there’s a lot of money
behind these Forks dividends the to X
people might just be doing it now to
make money and that they’re gonna try to
hurt Bitcoin through beat who knows
they’re not going to be able to hurt
Bitcoin that’s the thing our community
is the strongest of them all has the
most people of them all in it as the
most people doing the marketing our
marketing is now going to pay off for us
do you understand what I’m saying here
as we strengthen the Bitcoin brand brand
through our support it makes it
impossible for any of these new
dividends to even threaten Bitcoin so we
just cut by holding Bitcoin we just keep
collecting these new and new dividends
and we help the dividend space we get
involved in dividend space we make
videos about I mean I might turn this
channel start focusing much more on to
this aspect this new aspect of
cryptocurrency like someone is going to
fourth light point it’s probably a big
dividends out of that – why for the heck
of it there’s money involved there’s
money involved there’s clear profit
involved look at the numbers today I
mean it’s the Bitcoin plus the cash is
worth $5,000
there’s and you know I don’t care whose
money who’s behind it the I think well
I’m not buying again I’m not saying buy
this stuff you just have
old the root coin so we’ve got the root
coin concept and then we’ve got the
dividend concept give it in corn concept
okay these are new things I’m just
coming up with this morning all right
these are things we’re gonna go
everyone’s going to become familiar with
soon enough
I can assure I might maybe won’t be
these words but we’re entering something
new here and we don’t realize it yet
we’re gonna look back on this we’re
gonna look back on the theory of classic
in the theory I’m seeing that as the
first shot I thought that was something
different but it’s it’s not it’s similar
not again so we talked about contentious
hard fork a contentious hard fork I have
a new definition of that that is when
your community around the original coin
isn’t strong enough to define the
dividend coin as a dividend coin and
thus the original coin should have been
a dividend coin to begin with
alright that the new so the test for all
the coins out there and guess what some
of these little tiny little pump and
dump up coins they’re not gonna they’re
their money now it’s gonna flow into
these new style of dividend coins okay
so there’s gonna be there’s some
evolution going on at the bottom ring of
the fourth tier and the third tier we’re
gonna they’re gonna still exist but all
their value is going away is gonna go
away they’re not going to be able to
form dividend coins there’s been no
interest so the coins that are gonna be
able to form the dividend coins are the
ones that really have people owning them
and not just pumping them those
supporting them where this is going to
be a test okay so the people who think
you know I don’t want to rip I don’t
know rip on a certain Courtney Oh like I
said things about me or like I don’t
know that much about it how big is the
community behind me oh and dumb names of
these ones even there so Iona I oh
there’s one yeah if so if I owned a
really Forks or something let’s say but
it creates a dividend coin then does it
really it does the new one take over did
you people just pay it no mind
you people all of a sudden want to buy
more I oh it was a
free iota clean or they just don’t care
because there’s not enough people in the
community to begin with to hype it up to
tell anyone that this is even happening
that this is even happening so this is a
way that this is a way to test how
strong the marketing the core
constituencies of these crypto
communities are because if Hyrum is
gonna fork again a Bitcoin and who knows
how many more Bitcoin dividends they’re
gonna be how many more how many litecoin
dividends they’re gonna be – dividends
they’re gonna be – did it – survive a
fork a dividend yeah I’m pretty sure it
can I’m pretty sure I can they’ve got
that marketing down pat so holding – is
probably an okay thing every so I in the
past almost said you know if you have an
altcoin just traded into Bitcoin I’m not
saying that anymore if you happen to
have a lot of – sitting around you have
a lot of etherium sitting around this is
not the time to sell and it’s not the
time to sound now wait for it to fork
here wait you don’t know what freebies
you’re gonna get out of this new
situation out of this new paradigm here
and I’m sure I’m giving people with all
sorts of ideas in their heads – look I
want to get in all this I want to fork
some coins you probably do this probably
is inspiring some people I don’t know
how many of you found that like button I
don’t think I’ve even said that yeah did
I yeah I did we got a lot of people
watching this and I want people to
spread the word about this video out
there I want I want could critique on
all this people must say you’re crazy
and you’re crazy that this is this isn’t
sustainable but people there are a
certain type of holder out there who
just wants dividends there’s a certain
type of investor in the broader world
who’s gonna look at this now and say
well if I buy these critical crises I’m
getting dividends based on just people
are creating new you know I don’t know
what it’s all about but if I just hold
on I’m getting new and newer newer coins
and I can flip them I’m gonna have to
manage them I’m gonna have to whatever
manage my dividends so I’m excited about
this I really am excited and yeah
Richard rich says that’s okay I’m
looking at this chat right now what says
it says poor Adam he’s pooping his pants
Paul agreed says no that I’m not
probably about the I’m excite I mean I
really think we are into onion and
people are saying dividends me in
pension fund but these pension funds by
huge money I got stat as soon as the
fork was mentioned clams bite ball this
is why every all its with a master no
got punked after – David all right I
mean you’re going to something here
you’re onto something there a little bit
because there are gonna be big
institutions that want to get into this
this they can get three coins they don’t
they don’t care the reasons behind it
now I want to say another thing again
this is not about the name of the coin
here of the given like remember there’s
already a Bitcoin dark a Bitcoin all
these other things it’s about how they
were created Bitcoin dark was not
distributed and created as a fork of
Bitcoin okay the distribution method
here is what makes it special because so
you can just create a coin and call it
Bitcoin whatever not everyone’s gonna
get it for free all right but if you if
you create a coin and as a fork as a
dividend and it’s everyone’s going to
get it for free you’re gonna have a it’s
gonna be success that’s what matters in
all of this that’s what matters in all
this so and again and they’re not called
but they’re recognized not as the true
Bitcoin these dividends they’re
recognized as D cash and the next one I
was going to be called 2x and we as a
community just have to keep it up just
our mark it’s our responsibility to
maintain our dividends value to maintain
the value of our dividends and our and
our loot coin it’s just to you know go
out there and market just like tone was
saying before you know you gotta you
gotta run a node in order to beat this
aspect of what’s going on okay as a
marketing guy I’m telling you all right
now to keep things awesome for the route
coin whether it be light if litecoin
that goes through the situation I mean
in bitcoins we go through the situation
many more times I’m pretty sure you just
your responsibility is not is just
running your mouth on the internet and
promoting and marketing doing what I’m
doing and just reminding that you move
people out there they’re like no recache
is the real big
no no no no no that’s our dividend
that’s our dividend that we’re being
paid we are the root you are the
dividend good luck with it with whatever
you’re doing 80% of the people out there
are gonna buy your stuff that’s their
mistake because we’re getting it for
free so again there is an amazing
concept behind all this if you just hold
there gonna be all of these greater
fools out there that are just going to
be buying and increasing the value of
the thing you got for free that is the
paradigm that were in I can’t stop
people from being stupid okay maybe
they’re and maybe they’re not stupid
okay I don’t insult anyone but to buy be
cash now is insane I think you have it
for free you have it for free you have
it for free let them do it
I’m 10 let I can tell you guys to stop
doing it but you’re gonna keep will do
because your trader to this thing so
those of us with this hold mentality
this just buy and hold or just hold it
is really looking good it is really
gonna look good in the long term and
we’re gonna look this is another added
bonus of cryptocurrency that people do
not understand yet it is something that
can be built upon so many things can be
built upon this this um whenever
forgetting oh my terror all my terms
here yeah the the root coin versus it’s
uh it’s what do we call this pivoting
point
I can’t think so let me just see we just
read random thoughts that I have written
down here hey I already talked about
that all right so yeah in again prepare
yourself with uh with theorem 3 I don’t
know when it’s gonna happen it’ll happen
and maybe a theory 3 won’t be this one
that we’ve been repeating for a while
maybe someone will just jump up and fork
a theorem for the heck of it to beat the
the what’s going to happen when one good
when there’s gonna be a proof of work
and proof
State aetherium I don’t know the the
future is exciting I mean I still
believe bitcoin is the number one the
big point is the one that is the only
one who should be buying but there’s a
lot of you that already hold the theorem
there’s a lot of you that already hold –
there’s a lot of you that already hold
the light coin and I see this dividend
situation helping them so if you’re
already holding them this is not time to
sell them this is 9 times 7 they’ve got
a fair bit of 4 – and if they if before
Cap’n’s that overtakes one of them then
there’s a they weren’t as strong with
the communities weren’t as strong as we
thought they were basically that’s we
thoughtfully if a if a if a dividend
ever over Kate’s it’s uh its route and
we learned something we learned
something new here so again and safety
matters here new there is no rush to
split these things when they happen
we’re gonna have to get trusted members
of these in this paradigm that maybe do
the splits for us that you know are that
they create these splitters and where we
know the exchange isn’t gonna rip us off
and it just there’s so many things that
can be built off of this new aspect of
cryptocurrency
we did attend the route thing and again
because this just proved you know more I
said marketing has been lacking in the
space for a while well this is going to
show you a lot more people when I get in
the marketing there’s gonna be a lot
more talkers around which is fine which
is fine a lot of and a lot more holders
we’re gonna see who really holds here so
some people maybe I’m a little early in
predicting all of this here I think a
lot of people are going to say either
Adam you’re a madman are you really
early but I think I think I’ve stumbled
onto something here and I’m very
interested in seeing how this so I guess
the bottom line is there’s nothing to
worry about in November there’s nothing
to worry about what the B cash going up
they’re not threatening Bitcoin they
might be they’re all really friendly
Forks in the long run and go back to my
archives I was onto something when I was
talking about this friendly fourth thing
but I really couldn’t put it into the
words
putting it into now because I didn’t see
it from the dividend perspective so they
might some of the again and some future
forks might have bad intentions also but
we as a core community here we treat
them as the dividends we spin them as
positives because they are positives
because they’re not taking over Bitcoin
they are positives they’re giving us
free big they’re giving us free
dividends and then you’re gonna have all
these schmoes out there that are like no
no no my it is it is about to happen it
is about to change the world I am going
to buy it you are the fool to hold it I
mean I’m trading in my root coin for the
dividend coin let them do that let them
do that just let them do that they don’t
there’s no long term in that that’s a
short-term thing so our rate some says
when is 2x launched if they’re saying
they want to do it in November and now
you know I’ve gone back and forth a few
times on this like now I realize it is
in there fuck in in terms of strategy of
destroying Bitcoin it makes no sense to
do to make a third coin it makes no
sense at all but that’s not what they’re
into now they’re not into that they want
the money they want them what they seen
with this be cash thing can do maybe
they’ll still try to destroy it through
Bri cash may be king of the trolls you
know he might stump all of his route
coin bit coin for some of these
dividends whatever then he did it so
what maybe he’s deluded enough not to
keep the route corn maybe I mean let him
do it
he’s one man it has a lot of coins
alright there’s a we as a community are
stronger than him as a marketing force
as a holding force okay we we hold more
than he does
alright so this is exciting news if you
were a holder if you’re just some
flipper guy looking for like Adam
advised me on the next ICO to buy advise
me on that no that’s not what this is
about but guess what there is a place
for all those ICO people out there I
mean there’s a place you play over there
go play in that space whatever that’s
it’s gonna have its place the gamblers
are gonna have its place the gamblers
are gonna have the role out there in all
of this there are the 80% that’s gonna
fuel
the success of the 20% the long-term
thinkers all right
and it’s just get yourself get yourself
familiar with that there’s 80 the 80 20%
thing I guess I’ll talk about this more
again we’ll have a show later today
we’re going to talk about all the news
this is not a news of the day thing this
is just like a new concept a new concept
rambling on inspirational video here
what else what was a title new Bitcoin
cap because situation explained by
Ripple ok so you guys got that vibe
brought up the ripple thing at first
crypto dividends and this is the power
of holding so we’ve got these this new
thing called crypto dividends that are
going to be coming up we’re gonna have
to learn how to manage our crypto
dividends which you know when the Sal
when to learn the cash out in terms of
if you’re if you are into all coins
because I’m still you know Bitcoin at
heart a Bitcoin ax was I have no
intention to buy any all coins but there
are a lot of you out there who like to
buy the top tier all coins well now this
is a new thing to consider which what is
real top tier all coin is one that can
survive multiple dividend issuances okay
okay
candy Craig do that I don’t know can
litecoin survive multiple issuances of
dividends multiple Forks as we’re not
going to call it Forks anymore the
golden holders who are getting into this
they don’t want to hear about Fork they
want to hear about dividends and and
that’s that’s a beautiful way to get
more people into our space so yeah I
believe like one can survive it I
believe a very immoral dividend is
issuances so if you are one of those all
coin speculators this is a new factor
you’re gonna have to decide to you know
when you’re buying one of these all
coins and it’s gonna cut off a lot of
all coins a lot of all coins are gonna
be it was saw surviving one giving
giving in the issuance because that
dividend is gonna become the root coin
and make the other one obsolete which is
a scary thing first is some of these
mind so any of the most the people who
get them all coins anyway just want to
flip them
right away but there are people who are
long-term awfully thinkers again I think
it’s best by the year 2020 you’re gonna
see that if that the Bitcoin performed
at or that all of these no matter what
the new paradigm is here so get ready
for some new stuff out there really
we’ll see we’ll see what happens and hey
if I’m wrong about all this just holding
the Bitcoin this is great anyway this is
it but no I really think we’re onto
something new just a whole new level
a whole new layer of cryptocurrency this
is a whole new layer on top of
cryptocurrency so it’s mind-boggling
it’s exciting and there’s something else
someone to say oh yeah actually and this
is something else
it’s I want to use the word gamification
here
it makes the coins you know all the
people who feel very competitive about
their coins I used to kind of played it
off and said you know there’s nothing
what’s the point of being competitive
it’s not a game it’s not a war but this
kind of makes it more so of a game more
so of a competition where if you can
make your community stronger if you can
prove that your community is the
strongest and then it can just keep on
issuing these dividends without any
repercussions then you’ve got a reason
to market your coin man you’ve got a
reason they keep on to make this a
competition and so I also thought about
in terms of platforms that are out there
you know we rip all you know what what
are the new platforms that are coming
out in the cryptocurrencies basic people
come to me
wait with these crap what makes a
platform successful and I think it is
the the gamification aspect in terms of
this is I was talking about there’s
somebody last night about this which
platforms actually pay people for doing
nothing for doing you see this is the
world we’re entering in this is the the
connection I’m trying to make between
platforms and coins is that if you’re a
holder you’re really doing
nothing if you’re a trader you’re
flipping all right so on the what
platforms are gonna be the most
successful out there well everyone’s
ripped on some people eirick will steam
the coin but steam at the platform I
think is very very interesting and very
very good because you’re really being
passive there in a sense of that you’re
you’re not risking anything there’s no
risk involved with steaming there’s no
risk input you’re only giving up your
time so we have the cryptocurrencies
bringing us this rewarding of time a
rewarding of time holders are being
rewarded by just holding on for a period
of time when you’re on these platforms
like steaming you’re being rewarded by
contributing a little bit of time by
posting stuff and you’re getting this
new thing that you can turn into Bitcoin
all right do you see where I’m coming
from all this it’s a little complex is
I’m not really explaining myself
perfectly here but then we’ve got the
80% who just can’t wait who are
impatient who must do something who must
spend who must spend I’m talk what I’m
telling you to do is to do nothing just
to save or to do something with your
time in terms of these platforms okay so
when you’re in when you’re when you’re
evaluating a platform you have to think
yourself do I have to buy something or
is this passive where I just have to
give time that is what it’s going to
differentiate these successful platforms
that deal with cryptocurrency from the
unsuccessful ones so I think if steam it
stays the course and doesn’t force
people to buy that steam that day can be
it can be successful it can be this is a
cut and it’s not fully understandable
yet you know how they’re it’s gonna do
in the long run some aspects that be
fleshed out but again there no matter
what I scream to the world still people
who hear about steaming are gonna buy
steam when there’s no reason to do that
when they can just be passive and just
collect off of the 80 percents
foolishness
then some of you might be saying like
Adam everything you’re saying is based
on greater fool theory in that’s not
right that’s there’s something wrong
about that but these people are not
being forced to do this this is the free
market all the information is out there
people like me who are benefiting are
telling people not to buy this stuff not
to buy these dividends not to buy things
you can get for free so the bottom line
is due to just the way the 80/20 percent
thing works
Dada free you can you can create all
this free stuff and they’re still gonna
be so many people who want to buy it it
makes no sense but that’s it that’s
where we are that is where we are today
you can create keep on creating free
stuff have a 20% of people just hold get
their free stuff from just holding other
roots and they’re gonna be all these
other people are gonna keep on buying
that free stuff and pumping it up and
just benefiting the holders benefiting
the root people you want a root coin
that is what you want that is what we’re
going to learn that’s the future here I
mean you’re gonna say oh is this a root
core and by the way some of the dividend
coins are gonna be so hyped up and
communities are gonna build around them
that they’re gonna issue dividends
eventually – I wouldn’t be surprised
that’d be B – they’re going to be forks
of B cash a pencil which will increase
the likelihood that beet that people are
going to start to hold B cash more which
in turn will help Bitcoin more it’s like
theory the original the grandfather coin
there will be Bitcoin and it’s gonna
benefit from when B cash if B cash can
successfully create dividends I mean
this is amazing this is amazing new
paradigm all right so pound that like
button tell me what you think in the
notes section spread the word i’m adam
meister the bitcoinmeister the disrupt
meister i’ll post a new video later
today that’s just a regular type of
video hopefully it’ll be late guys
probably around 11:00 p.m.
because I got some real life to live dip
here by the pound that like button I’ve
seen hello I’ll talk in the chat for a
while now bye bye

You Might Also Like

80 Comments

  • Reply Kevin Schmitt August 19, 2017 at 5:22 pm

    I agree "Root coins are the future". Masternodes = Ultimate "root coins". Dividends are awesome to receive. Put cash in the bank every week from rewards/dividends. Sleep much better not trading so much, let most of your portfolio be in coins that throw off dividends. Cash out the income, let the "root coins" appreciate.

  • Reply Random Noob August 19, 2017 at 5:26 pm

    This spreadsheet (Google Docs) lists all the recent payout addresses of the blocks so you can see how centralised the Bcash network is

    https://goo.gl/xLPsQn

  • Reply cheech August 19, 2017 at 5:28 pm

    I don't want segwit, I'm moving to bcash, punish me guys if you must.
    Here's why: https://www.reddit.com/r/GoldandBlack/comments/6uhsls/how_many_of_you_think_bitcoin_cash_will_succeed/dlt7yyk/

  • Reply Howard Marks August 19, 2017 at 5:37 pm

    Where in Satoshi's whitepaper does it say segwit ?
    When will you admit Bitcoin Cash is much closer to Satoshi's original coin (the whitepaper that clearly has 32mb blocks).
    Its cheaper to send money using my bank than with BTC the fee's are insane, it was suppose to be almost free to use.
    Meantime as Bitcoin core argues it way to its next fork in November, Bitcoin cash has processed a 8mb block with almost 40,000 transactions and super low fees, its faster and cheaper than BTC. BCC is the original bitcoin.

  • Reply Howard Marks August 19, 2017 at 5:37 pm

    Roger Ver just added a video to his youtube covering the economics.

  • Reply donny rye August 19, 2017 at 5:39 pm

    I split my bitcoin last night on Trazor with no problem. It was scary but it went through with no issues.

  • Reply Crypto Trader August 19, 2017 at 5:39 pm

    Wait, so you told everyone to sell BitcoinCash for 150$, but you didn't sell yours and can now sell it for 5 times as much?

  • Reply Crypto Bug August 19, 2017 at 5:45 pm

    Comparing XRP to BCH just shows you still don't have a fucking clue.

  • Reply Concerned Citizen August 19, 2017 at 5:46 pm

    can you tell me if someone had one bitcoin before the fork what exactly were they to receive in Bitcoin Cash ? Was it just coin for coin where a person would get one BCH for every BTC? or what it based on the cash value of say if BTC was 2800.00 at time of fork the person received 2800.00 in BCH?

  • Reply donny rye August 19, 2017 at 5:52 pm

    The first thing your trezor device says it's erasing. Not to worry. It works.

  • Reply Imagining Tech August 19, 2017 at 5:56 pm

    are you listening to yourself your being outnumbered by newbies i agree running on your mouth on the internet will only work for so long no stock worth having needs people making them buy there coin/stock whatever in the end the dominant network will win in the free market if ethereum forks and transcends its old limitations with sharding pos etc well then yeah im sure the fork will die off because theres already an identical pow chain called ethereum classic theres no market for it

  • Reply john Chesterfield August 19, 2017 at 6:00 pm

    When are the hardware wallets going to accomidate BCash? I want the selling of dividend coins to be an easy and safe option.

  • Reply Canal Boat August 19, 2017 at 6:03 pm

    Buy BTC, HODL, Collect Dividend Coins = Profit

  • Reply Michael Coonce August 19, 2017 at 6:06 pm

    Love the optimism, Meister

  • Reply Sasha Bakhshi August 19, 2017 at 6:17 pm

    the head of the bilderberg group was the majority investor in the $55 million round for blockstream. be careful Adam, you might be a zionest but these guys (bitcoin core) do not have YOUR best interest at heart.

  • Reply Steve Jones August 19, 2017 at 6:22 pm

    I sold all my Bcash for Bitcoin. Bcash is a scam.

  • Reply makina23 August 19, 2017 at 6:25 pm

    Interesting

  • Reply lost in mystery August 19, 2017 at 6:29 pm

    i wonder what you'd look like if you were robbed of your all crypto money 😀

  • Reply KonaChuck22 August 19, 2017 at 6:31 pm

    Interesting insights today Adam. Really there is no way to know if these forks are adding value, subtracting value or neutral, especially during this current bull run. Currently BTC + BCASH = $4800. Where would BTC be without the BCASH fork and all the previous forks and FUDS, $6000?  $7000, $4500? No one really knows. But there might be a silver lining to these past, current and future forks. That is the  crypto FOMO that is RIPPLEing through the world economy. Newbies seeing their  friends becoming ridiculously wealthy on Bitcoin, but fearing Bitcoin is overpriced and they've missed the boat. These new Bitcoin forks could be attracting money that would otherwise not enter Bitcoin or even crypto at all.

  • Reply toe jammin August 19, 2017 at 6:39 pm

    I'm definetly a noob,  even had to have a tech friend of mine set up my wallets.  BUT……..  I am not in this to promote any particular coin,  I'm in it to make money.  I fell for the CHC scam and now have 3 MasterNodes that are practically worthless,  but I got in very cheap.  So,  not a big deal.  I do HODL several BTC  and plenty of ETH and  LTC.  But I have also developed a real knack for day trading the alt coins for a very tidy sum of gains.  it's called diversifying.  I also am a silver stacker and  hold a tidy sum of gold coins.  been waiting for a few years to  see the PM's  manipulations come to an end.  It may never happen but it is a hedge of wealth for when the economy collapses,  and it will.    Also,  I think stacking lead will be more life saving than any of these monetary devices.

  • Reply Crypto Bug August 19, 2017 at 6:42 pm

    They are not dividends, they are forks. You can't change reality no matter how much you don't like it.

  • Reply LeroyHeeneyWine August 19, 2017 at 6:51 pm

    Dash master node shares already pay a dividend.

  • Reply FomoFudGasm August 19, 2017 at 6:59 pm

    If you have your coins stored on your wallet, how do you get the "dividend" coins when they split? thank you!

  • Reply mushi August 19, 2017 at 7:14 pm

    M E N T A L G Y M N A S T I C S

  • Reply Bartel Schreurs August 19, 2017 at 7:27 pm

    In a graph the BTC price movements & dividend look like this: https://docs.google.com/spreadsheets/d/1zBygLtxE4gdFtEIB18h5eHI6MNrNrd-RIfHRHqLZAL4/pubchart?oid=440729073&format=interactive

  • Reply CryptoPhil79 August 19, 2017 at 7:37 pm

    I had never been on bitrex or any platform other than local bitcoins. So i still have my b cash. I was hust too unknowing of how to put my b cash on bitrex. And im so glad of that right now cause i got a whole liaf pf extra value on my ledger wallet. I hope they both go up with each other

  • Reply ssm59 August 19, 2017 at 7:38 pm

    Adam you have identified an unfortunate aspect of human behavior. In public health you learn very quickly that all you can do is keep reiterating the message in hopes that a few of people will take the advice to heart. In the meantime if they continue to put their health at risk, or their finances in this case, there is not a whole hell of a lot you can do about it. Stay the course brother

  • Reply max keiser August 19, 2017 at 7:44 pm

    good ideas

  • Reply Just Murphy August 19, 2017 at 7:54 pm

    Adam refuses to take his own advice as he makes public that he has lots of bitcoin. Somewhat egotistecal, but hey, to each his own.
    Would be interesting though to see how positive his attitude would be if he were robbed of his trezor or private key phrase.
    Very dangerous when his next couch surfing session at a stangers house could be his last.

  • Reply Erik Jones August 19, 2017 at 7:58 pm

    Great thoughts…need to get the message out bcash is a dividend coin!

  • Reply Robert Townsend August 19, 2017 at 8:17 pm

    80-20 Rule = The Pareto Principle.
    80% Drives "price" – 20% are supporting Value.
    We all win, in the end; the only 'losers' are the short-sighted.
    Dis-intermediate your life.

  • Reply Gym Piper Music & Film August 19, 2017 at 8:27 pm

    satoshi nakamoto should step in and sell his BCH lol, i actually regret selling my BCH i now just worry that i should have covered both bases and kept it. hopefully the whales will walk it right back down fleecing the noobs and i can buy it back cheeper.

  • Reply Yes4Motivation August 19, 2017 at 8:38 pm

    Agreed Adam. Agreed.

  • Reply Fernand Pors August 19, 2017 at 8:46 pm

    Is there a video where Adam addresses which features of the Segwit1x coin make it the "real" bitcoin according to him?

  • Reply Paul Camp August 19, 2017 at 9:02 pm

    BEWARE….Lost $18K USD on Bittrex…used all the suggested security..2xsecurity…..this has been a week and NO response from BITTREX….more than happy to take their commisions…and maybe you coins too!!! Not a safe place to trade.

  • Reply mkmstillstackin August 19, 2017 at 9:24 pm

    A great epiphany! Resonates with my gut instinct. A dividend it is and a dividend it shall be. Thanks.

  • Reply Visstnok August 19, 2017 at 9:36 pm

    Adam, I think you've definitely stumbled onto something here. I can totally see forking Bitcoin as the new altcoin creation and ICO mania.

    I think collecting maximum dividends will be a game of its own, though. Because, let's say a new fork is made from the original Bitcoin in November. At that point, you must have sold your Bcash and turned it into original bitcoins to collect maximum dividends from that new fork. But if a new fork is instead made from Bcash, it's better to keep it until the fork. The golden rule is to never sell your original bitcoins!

    People will definitely want to be given news on these things, should they happen. I still hope I don't have to mess with my coins more than once every three months to get the most out of it, but who knows? I'm certainly going to think through privacy and security implications of handling split coins, hereby called _splitcoins_.

    A bonus of this forking paradigm is that Bitcoin will become immune to forking FUD. We've been through the worst on August 1st already. Bitcoin is combat-proven at this point, and there won't be any doubt about it if the next fork is as hassle-free as the one we just had.

    Great vid!

  • Reply Nut R August 19, 2017 at 9:43 pm

    Forking = Dividends? This has got to be the stupidest rationalization from you Adam. It called greed taking over logic. The more forks we have the more divided we are.

  • Reply Roy Wessbecher August 19, 2017 at 10:26 pm

    I hate to say it but if the forked baby coin can't somehow beat/replace the "root coin" – and especially if baby coins can also create more babies (Dash babies, LTC babies, BCH babies) – then this whole sector becomes a pyramid/ponzi scheme. But no worries, it's still no worse than the current financial system. 🙂

  • Reply The Count of Monte Crypto August 19, 2017 at 10:48 pm

    you could buy a second trezor and put your seed in or compatible software

  • Reply literatious August 19, 2017 at 11:40 pm

    Forks are like central banks printing money. So much for scarcity

  • Reply Paul in Las Vegas August 19, 2017 at 11:42 pm

    Bitcoin remains my #1 root coin,but they are too slow and indecisive moving forward on things. Im keeping my dividend B cash as insurance in the event that bitcoin implodes and B cash usurps it's position as the premier coin.

  • Reply Crypto Alert August 19, 2017 at 11:46 pm

    https://www.swift.com/ will be using using "Chainlink" Ticker: (LINK) https://smartcontract.com/link
    This is the Ripple Killer! 20+ MILLION transactions a day from SWIFT. 11,000 BANKS and all their
    associated Branches will be using LINK Token in the future. ICO starts very soon!

  • Reply Paul in Las Vegas August 19, 2017 at 11:47 pm

    However so long as Bitcoin remains the queen mother like in the movie Alien banging out those dividend babies like a chocalate factory she will remain my root coin. Thanks for the epiphany Adam.

  • Reply con August 20, 2017 at 12:14 am

    don't become emotionally involved any investment

  • Reply Shaun Kenyon August 20, 2017 at 12:18 am

    Yes you are right a alien race built it you will be shocked to know aliens very bad illuminati run the world
    i pissed them off on twitter having a twitter rant because i put all the pieces together and they did reply.
    they own everything all big business all big supermarkets google and started the internet.
    They are very horrid they kill for fun rape children babies and anyone for fun,
    they have stooges in all government departments world wide
    all food is killing us slow stealing our water and want to slave us all for this fun they own google and have slaves who have built a huge underworld so they can hide because they are very ugly,
    everything is corrupted by them it's a world wide scam and wipe out.
    All disasters are false flags
    two towers planes missing is done by them and they laugh about it.
    we are living in a true hell billions of us being controlled by a few nasty aliens,
    Its a global group and all global leader know or are involved.
    check out my twitter rant at alienheaven1 they reply to my ranting.
    N.A.S.A AND E.U AND NATO ARE INVOLVED EVERY GOVERNMENT DEPARTMENT HAS THERE STOOGES BECAUSE THEY WILL KILL US ALL FOR FUN
    FIND THEM PUT THEM IN ZOOS AND FEED THEM SHIT FOR WHAT THEY HAVE ALL DONE

  • Reply daniel angel August 20, 2017 at 12:49 am

    yeah but you didnt…. Bitcoin cash isnt free either i dont know whats in your water. Ive been screaming hold bitcoin cash from the mountain tops since it was released and have been shot down by all btc maximalists. I cannot believe you are calling it a dividend. lmfao So just screw diversification and go all in on something "real" good advice man thats how you lose everything. They didnt make bitcoin cash to sell and get bitcoin believe it or not. they made it so everyone sells their bitcoin and buys bitcoin cash. Nothing is free.

  • Reply Benjamin Cook August 20, 2017 at 12:56 am

    reminds me of etc and eth

  • Reply Kau'i Kanekoa August 20, 2017 at 1:13 am

    https://steemit.com/bitcoin/@modprobe/i-looked-into-segwit-and-here-s-what-i-saw

  • Reply Anomaly 123 August 20, 2017 at 1:26 am

    wow the denial. i guessing you are hugging on to your Bitcoin Cash now hey? lucky for you you didnt withdraw and sold your bitcoin cash. Otherwise you would be just as butthurt as Tone Vays is

  • Reply BRONCNUTZ August 20, 2017 at 1:26 am

    Where in the world did you learn about "dividends"??????? First of all calling atl coins DERIVATIVES would be 100% correct. You don't even know what a dividend is and you proved it about 300 times in this video. Your message to people is good dude but this video is talking reckless about something you dont know know much about…..dividends.

  • Reply -ED- Bitcoin SV Channel August 20, 2017 at 1:42 am

    YOU STINK ON PROPAGANDA

  • Reply fragility666 August 20, 2017 at 1:49 am

    why are people ok with just creating money from thin air?

  • Reply Dag Frode Pedersen August 20, 2017 at 2:06 am

    weak

  • Reply Anmar S. August 20, 2017 at 2:19 am

    So now do we hold that son of B**ch/Bch or get rid of it for 20%?

  • Reply Dag Frode Pedersen August 20, 2017 at 2:21 am

    You are losing it

  • Reply crypto currbit August 20, 2017 at 2:27 am

    interesting thoughts

  • Reply Pwn Network August 20, 2017 at 2:53 am

    it is a threat to bitcoin. bitcoin cash is a threat (you are seeing the threat now). It takes away from bitcoin just like every alternative coin.

  • Reply Steve Mascari August 20, 2017 at 3:01 am

    Here is another explanation as well from Ivan on Tech who explains Bcash as well. Bitcoin is the man! https://m.youtube.com/watch?v=IGhqslEwuOI

  • Reply og jenny August 20, 2017 at 3:03 am

    Hey,i been telling the same thing.there wont be a safety net or social security or pensions for the young people,when they get older. Hoarding bitcoin is our chance to be able to retire.when the time comes.
    Why are so many people trading .? I plan on holding for 10 or 20 years and be set. Trading and exchanging alt coins as a payment method is retarded. At this pont,it is easier to acces cash ith direct deposit ,and buy with a debit. Cash is easie and less of a hassle as a payment. Buying altcoins is throwing your money in the trash. Save!!

  • Reply john Chesterfield August 20, 2017 at 3:03 am

    I consulted the KeepKey site and I upgraded to handle BCash. Very satisfied.

  • Reply john wesley August 20, 2017 at 3:20 am

    Adam it's simple. It's stock splits. It's not dividends. It doesn't even fit the definition of a dividend. I'm happy that you can admit you were wrong. That's very high of you

  • Reply A3 Skywarrior August 20, 2017 at 3:49 am

    I'm hearing Bcash is more profitable to mine than BTC. If more miners start going over to Bcash then the difficulty level for BTC needs to be reduced due to less mining power and transaction speeds will increase otherwise. I also heard SegWit does not have the code to reduce the difficulty level on the fly and needs to wait weeks before adjusting. This could make BTC a dog in transaction speeds. This seems like a weakness that BTC needs to fix. I'm all BTC too but this is what I heard was the black swan scenario.

  • Reply Average Joe August 20, 2017 at 8:19 am

    Adam, glad to see you keep an open mind and will pivot appropriately. Regarding Dash forking they have a voting governance to prevent hard forking. No dividend coming from Dash anytime soon.

  • Reply Andreas August 20, 2017 at 8:21 am

    You are not crazy at all, this will be mainstream opinion in 1+ year. Kudos to your foresight.

  • Reply Jason S August 20, 2017 at 8:24 am

    You pooping your pants 🙂

  • Reply Jason S August 20, 2017 at 8:31 am

    By the way was saying for a long time that the forks are not a problem, if anything the competition helps strengthen crypto as a whole.

  • Reply Crypto Dummy August 20, 2017 at 9:35 am

    Great video Adam!!!!

  • Reply andyatcrux August 20, 2017 at 9:54 am

    Satoshi's whitepaper: https://bitcoin.org/en/bitcoin-paper

    Okay BCash astroturfers, show me where blockstream touched you on the the whitepaper or forever cease with this "original vision" bullshit you keep espousing. (for the lulz, take note of Adam Back as one of the eight people Satoshi cited.)

    My further view on the matter from earlier:

    No one has to run it (segwit). There is financial incentive to do so so most people and miners will. Bitcoin Core plans on increasing the block size. But with Segwit and Shnorr and seg-agg coming soon the efficiency will be increased greatly without the denial-of-service attack vectors that exist with raising the block size. Validations take about 30 seconds now and a straight raising of the limit could make that 10 minutes or more. Core wants to do more than just change 1 line of code before the hard fork.

    Satoshi was very open to speculating and discussing the possible implementations of side chains and improvements to the functionality of bitcoin as a whole. Read beyond the whitepaper in sourceforge and bitcointalk. Read his discussions with Hal Finney. Regardless of what one believes "his original vision" to be it is not up for debate whether a fork that was done without consensus could be "the real bitcoin" or not.

  • Reply Clemens Klinkert August 20, 2017 at 10:06 am

    Adam why are you so concerned about what the 'real' bitcoin is? To me, the most exciting aspect of cryptocurrencies is that it is an open space for innovation. Coins will adjust in regard to demand and application. At some point in the future they will in some form be the currency of a society which is more open, democratic and fair than we are now. The name of that currency doesn't matter and those currencies will be technically different than btc is atm. Do promote cryptocurrencies. Don't become attached to a version of a coin.

  • Reply AmerikanTube August 20, 2017 at 12:20 pm

    Your target goal was increase your btc by 10% but yesterday and at times during today you could actually increase by 20% with bch !

  • Reply john p August 20, 2017 at 12:28 pm

    but surely when you had any bitcoin on an exchange, then you would have automatically received the same amount of BCC at the fork. I did. and so did all the other people. there was a serious dump that night. $1300 it went to.

  • Reply GaiasFleas August 20, 2017 at 1:40 pm

    This is fantastic. Nobody should fall for the FUD. I personally made my 10% of Bcash and haven't looked back. Being greedy and trying to jump on the Next Big Thing will get you slaughtered. BTW are you living off your coins yet? I want to start doing that next year…

  • Reply Crypto Legend August 20, 2017 at 2:24 pm

    Adam your not a Mad I am thinking the same way. This is awesome. Buy and Hold

  • Reply Varunkumar Jayapaul August 20, 2017 at 3:21 pm

    U call this an epiphany?
    Most people who are in Scientific research(like me), know for a fact that 90percent of the time, epiphanies are WRONG.

    I really love how u talk as though u (completely arrogantly proclaim ) understand this cryptocurrency…

    Even Veteran stock market players dont make such claims.

    Wow great terms like "root coins", very f-ing revolutionary term, which no one cud think of.

    There is absolutely no reason, who root coins shouldnt go away and newer forks shouldnt dominate…

    U are too hyped up with emotions….(I guess u watched the latest episode of GOT's current season)

  • Reply Chuck Noris August 21, 2017 at 12:41 am

    You should write down show notes. You have been in the space a long time. You should take your videos more seriously. You are making money off of them.

  • Reply nontheistcapitalist August 21, 2017 at 2:07 pm

    Excellent point about the dividends!

  • Reply nontheistcapitalist August 21, 2017 at 2:08 pm

    I am happy i pulled my dividends off my paper wallets!

  • Reply DAVID HANLON August 23, 2017 at 7:21 am

    So B-cash is a "dividend". Great! But for me its not real money until its been converted to rock solid BTC at any price. Until then its just fairy gold.

  • Reply Maciano Van der Laan August 25, 2017 at 2:03 pm

    I hold my btc, and I sold my bcash for more btc at the peak. Now I hold more bitcoin.

    Is that what you mean?

  • Leave a Reply