Interview with Tone Vays
If SegWit does not pass, it is likely that nothing else will either[.]
The word ‘Blockchain’ falls somewhere between a PoW revolutionary consensus that gave us Bitcoin and Excel Spreadsheets uploaded to the cloud as a Sharable Google Doc.
The only reason to have this [Ethereum] token is to speculate that the platform will succeed[.]
I have also been critical of the need for ETH tokens and it will probably be their downfall as the price continues to fall. The only reason to have this token is to speculate that the platform will succeed, but now the problem becomes who do you develop for? The speculators or the users of the Gas to run contracts? The decisions made after The DAO hack made this clear for some of us. But in general, just imagine if during the Dotcom boom, an average person had to buy Amazon stock to then use this stock as the currency to buy books from Amazon. Then go out and speculate on Ebay stock in order to buy/sell Ebay. Or go and buy E*Trade stock to then convert it to buy stocks of other companies because E*Trade only accepts the currency of E*Trade stock. Same for Netfilx and all other companies. That is the world Ethereum and most ICO supporters are advocating for and it’s ridiculous.
The idea that [ZCash] will be trusted over Bitcoin is just ridiculous.
Bitcoinist: Do you see the Trump presidency as a positive for Bitcoin especially with Bitcoin enthusiast Peter Thiel as an advisor? Will his protectionist policies be a boon for Bitcoin?
People underestimate the power that a bearer cash-like instrument on the internet can bring.
TV:The simple answer is all of the above. I have been predicting a complete breakdown of the Euro currency as being the biggest catalyst for bitcoin even before the Greek bank shutdown in the summer of 2015. The elimination of Cash like the $100 bill and the 500 Euro note will be another great catalyst. But even without a blatant cancellation of notes like in India, initiatives like FATCA and FBAR in the US along with a general war on money via AML laws is the reason we have Bitcoin in the first place and the more they fight against it, the stronger the Bitcoin movement gets…that’s why I love it!
Do you agree with Vays’ stance on the topics discussed above? Let us know in the comments below!