David Seaman: Crypto Currencies Like Bitcoin/Ethereum & Bitgold Can Change The World?
Jason Burack of Wall St for Main St had on first time guest, former reporter, money researcher and Bitcoin and Crypto Currency Expert, David Seaman https://www.youtube.com/user/davidseamanonline
David has over 10k subscribers on his YouTube channel and can be contacted on his Twitter handle: @d_seaman
During this 30+ minute interview, Jason starts off by asking David about his background. David talks about how he was a reporter with a math background who was researching the NSA and our online security and he found out some of the bad things the BSA was doing with the data of American citizens before Edward Snowden did.
David became fascinated with gold, Bitgold, Bitcoin and crypto currencies and he began researching about money and reading many technical, white papers about Bitcoin.
David takes pride reading complicated white papers on the math and technology behind Bitcoin and Ethereum and explaining them in easier to understand terms for videos on his YouTube channel and in his written paid newsletter.
Jason asks David about the problems with Bitcoin in layman's terms and if Bitcoin developers are working on fixing them asap?
David says Bitcoin is in a difficult transition now and it was originally designed to only have added security measures to prevent it from being hacked rather than the source code being made for lots of extra innovation.
Jason then asks David about the other crypto currencies like Litecoin, Dogecoin, etc and what differences, if any, they have between themselves and Bitcoin?
David calls these coins copycats using copy and past from the Bitcoin source code but he says the real innovations from Bitcoin and the block chain technology are from Ethereum, which he calls Bitcoin 2.0 on his videos.
Jason then asks David more about Ethereum and the innovations.
Jason and David have an interesting discussion about gold, debt based fiat currency and the problems with the current money system now. Jason asks David if he is seeing increased usage of Bitcoin and Bitgold in collapsing countries like Venezuela, Argentina, etc?
To wrap up the interview, Jason asks David why he likes gold and Bitgold a lot?
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