Bitcoin Attack (KYC Mining Pools)

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Название	:	Bitcoin Attack (KYC Mining Pools)
Продолжительность	:	14.43
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WARNING: There are a number of scammers who are using my image andbrchannel name to try to connect with my viewers on WhatsApp and otherbrplatforms to scam them Just so you know, I will never refer you tobr"my personal trader" or try to connect with you personally to sell youbrsomething I am trying to ban these scammers as quickly as they pop up You canbralways recognize a scammer by clicking on the image and seeing howbrmany videos he has All of these guys have zero videos, while I havebrhundreds I also now have a checkmark next to my name, so that you can distinguish the real Bitcoin University from the imposters Follow me on Twitter @mattkratter
Comment from : Bitcoin University

Many people are failing now, you need to earn stable now, and stable earnings can be made on Crypton cryptocurrency
Comment from : Guiseppe Venzor

Definitely proof of work is superior to proof of stake Within the realm of proof of work, Monero is superior to BTC because Monero has built in privacy and anonymity, making KYC useless With BTC, regulators simply need to camp at mining pools and at exchanges When it comes to mining, Monero doesn’t need special mining equipment, it’s ASIC resistant, therefore not giving the ones with big cash any advantage, since everyone has to use regular hardware It also has a dynamic block size to deal with spikes in transactions BTC’s only advantage over XMR is BTC’s price The world will one day wake up to know Monero
Comment from : Nicholas Too

BUT, already the BITMAIN privet company controls more than 70 of all the miners firmware worldwide and nobody is able to examine its code
Comment from : Unisoft-data

Thank goodness I mined btc back in jan 2010
Comment from : Linux Master

📌 bNice video, love how you take your time to educate your viewers You gave me the mindset to invest my savings now I have made profits over $120k Right now and still making more , I am enjoying a good life with what I made investing Indeed ‚building a Portfolio income (investing) through a licensed investment adviser is one out of many ways to earn passive income/b
Comment from : Robin pogrebin

You forget that’s the government have unlimited fiat to attack bitcoin if they wishes to!
Comment from : KNG

The kyc crap is beyond ridiculous with exchanges already
Comment from : Dan Sarver

Thanks again Matt for your help!😊
Comment from : Karen Raphael

Custody is a noun not a verb No one custodies anything They HAVE custody of it
Comment from : rec

I'd rather trade the Crypto market as its more profitable I make an average of $15,000 per week even though I barely trade myself
Comment from : Goerge Lastman

Thanks for your ongoing efforts!
Comment from : HD

At this point in time, if I sell my car and get about 50,000 US dollars, it would be better for me to buy all of it into Bitcoin at once Or is it better to buy $10,000 a month for five consecutive months? what would you do if it was you。br🤔🤔🤔🤔🤔🤔🤔🤔
Comment from : エルフマスタ

I like that Matt does deep dives on hypothetical scenariosbut people also need to realize the incentives are aligned to secure the Bitcoin network, not destroy it The amount of time, energy, resources and fiat money that would need to be focused on trying to destroy the network is astronomical The stakes would be too high for a small chance at destroying Bitcoin But I'm sure there will be some that will try
Comment from : jad1497

Braiinspool is my to go pool Excellent interface
Comment from : DxV04

HODL
Comment from : Nice shirt

good matt! if you do mining videos it would be good to mention the "BlackBox" of @upstreamdatainc again
Comment from : g light

You are the guru for the average bitcoin enthusiast we are lucky to have your deep dives
Comment from : Mike Flynn

The CENTRALISATION comes from all Government identification created from their Birth Certificate it is their identification created so they can tax us fine us jail us
Comment from : Paranoid Android

Don't you wish you bought Nvidia instead of Bitcoin?
Comment from : Greg Brown

Home miner here and pointed at Antpool for the past year, i wasn't KYC'd when setting up Have they started to??
Comment from : AKS74S

A 51 attacker could choose to only reference their own blocks (only build on top of their own chain of empty blocks) and still be the longest chain For that reason, a 51 empty block attack could prevent ANY transactions until the attack is over However, a 51 attack is unlikely
Comment from : The Techtrons

I literally commented about this 2 weeks or so ago, hopefully I helped you to consider these things Not making any videos about this 51 scenario would have beeen extremely naive, and ultimately harm your brand in the long run
Comment from : B C

How do join a mining pool without knowing your ip is being recorded? VPN over router?
Comment from : Trenton

Hi Matt I have 3 possible ideas for videos I have 3 questionsbr1 What happens if the US turns on the money printer and keeps buying all the btc?br2 There is more and more failed transactions on the network and what if mass adoption comes to quick and blocks up the system? I heard one of the big BTC YouTuber guys say yesterday that btc devs better get a move on before it's too late? I know lightening solves a lot of this but this guy seemed to think it's not enough right now br3 What happens when the fees get too high and people with too many small UTXOs can't spend it? I suppose people better start consolidating UTXOs ASAP I'm not sure a lot of people are aware of this future problem
Comment from : MrWolfgang

Merci Matthew
Comment from : ikust007

Just skip to the 7 min 30 second part of the vid Governments want to tax BTC mining rewards in their fiat currency
Comment from : Shinehead3

Can isp’s throttle down onion packets?
Comment from : wadesworlds

Can never get enough of this aspect of BTC education MK is gold (or rather BTC)
Comment from : Julie Olson

While I really love this channel and wouldn't trade it for the world, I have to say Matt, you're going to be very wrong about XRP Bitcoin is absolutely valuable, and is a must-own for anyone in the crypto space, but you're very ignorant on what's happening with XRP No, this it not a hate message, like I say I'm a subscriber and I always will be, and Bitcoin is amazing But, mocking people for owning XRP is very short-sighted
Comment from : Bilbo Baggins

I haven’t commented in a while, but I’m always watching! Thanks MK!
Comment from : Jimmie John

why would any miner join those mining pools in the 1st place if they have option of non kyc mining pool?
Comment from : shashidhar reddy

Comment from : Rapscallion

I was nervous early on but you put me at ease :-)
Comment from : gtcstorm40

Ah, this talk takes me back to 2010 When all this was just a theory Now it is a reality Decentralized miners are a requirement The most necessary of all It got a poor guy like me (and some very VERY rich people) interested in #dogecoin in 2013 Be very careful KYC and BTC are like oil and water
Comment from : Oliver Farren

run a node
Comment from : Volodymyr Moisiuk

Also consider if 80 of the hashrate decides to mine empty blocks, the 20 that are business as usual will reap the rewards of transaction fees Fee rate would sky rocket and it would become very profitable for honest miners If it went on long enough, old, unprofitable miners would come back online, and the dominant pools would begin to lose their dominance Needless to say, this attack wouldn't last long
Comment from : Silarous

A couple of things: what if principled miners who are against KYC start pulling out of these 2 large pools, would it mean that they will shrink over time to small pools with government interference? In other words, isn't complying with KYC laws a losing strategy for those mining pool companies over time? brAlso, I'm trying to wrap my head around the incentive mechanisms of Bitcoin: is it that Satoshi thought of all the angles and incorporated it into Bitcoin or is it that counter actions emerged as the Bitcoin ecosystem evolved? It seems to me that there are a multitude of fail-safe built into Bitcoin against bad actors I can't
Comment from : Hey Goober

❤❤❤✝️✝️✝️
Comment from : Living Sacrifice

Awesome
Comment from : Don

They could al start mining bitcoin cash though Check Blackrock etf filing "Bitcoin"
Comment from : black swan Don

Would like if you go over Jason’s book softwar how bitcoin/bitcoin mining can be used as a power projection amongst nations in cyberspace
Comment from : DiiceForeveroO

Explain this: If someone (secretly government-funded) in China manages to break encryption and reveal the private key from a public address, how will BTC recover from this? (Please avoid mentioning a fork, as it takes weeks to convince all the miners to agree on a fork without solid evidence By the time consensus is reached, it might be too late to implement a fork)
Comment from : MASTERB0SS

Thx Matthew
Comment from : BitcoinPoems Pro

imo KYC Bitcoin miners are focused mainly on fiat profit and truly hates Bitcoin
Comment from : ༼zoTrAcK༽

That makes me better understand to ongoing corruption between ordinals scammers and corruptible miners to bypass the > than 300000 regular transaction waiting in vain in exchange for instant fiat Bitcoin has not been working properly for well over 6 months now Better fix the taproot flaw and stop the complacency or death awaits when people figure out what is going on behind the scene
Comment from : ༼zoTrAcK༽

As always thanks for your videos, Matt I love learning thru your way of informations sharing I love the way you present it and love how you always repeat but add new aspects so you deepen all our knowledge and resolve converning bitcoin
Comment from : Rene Luechinger

If I could figure out a way to mine Bitcoin in a way that I could afford and profit off of it that would be the push I need to buy a house In the meantime I ought to start node
Comment from : Lord Binky

Matthew, can you make a video sharing your opinion on BIP 300: drivechains?
Comment from : Michael Cross

Derp People who run hashing machines are providing a service to the Bitcoin network They burn electricity in exchange for payment in BitcoinbrbrIf the payments are large enough they’re required to submit KYC information, because it’s all a legal model Miners want to get paid for burning energy, so there’s a contract in place between them and the mining pool, who creates the blocksbrbrKYC isn’t ‘an attack’ on Bitcoin KYC is an attack on criminals who want to use the network for money-laundering a crime
Comment from : Richard Boase

It is again and again essential to get all that important information about BTC, particularly for the new and unaware BTC-people that still are afraid of a weak point of BTC; with the growing knowledge the true BTC-family will grow and grow - thank you Matthew
Comment from : rahim laaba

❤
Comment from : Bill Pickford

Didn’t China ban bitcoin? How is AntPool operating there?
Comment from : Bitcoinnaut_

Still waiting on the video for how Bitcoin updates are determined and confirmed
Comment from : GenericMeme42

Home miner here🙂 Appreciate the subject today No kyc pools and spreading hashrate for the win!
Comment from : Sadie Sometimes

Hey Matthew, with all these SIM swapping attacks going on now, is my cold card immune from said attacks? Thanks!
Comment from : Optimus417

XRP is the best crypto for stupid people 12345…Lol
Comment from : 东北爷俩儿

CONSIDER THIS: Proof of Work - it is easier for corporations and government to build more mining rigs to control the network because they have money brProof of Stake - It is easier for the citizens to hold their coins instead of selling them so these powerful entities cannot buy them and take control of the majority of the coins to stake Moreover, the main developer holds majority of the coins and they can stake these to prevent any corporation or government to buy and take control of users' coin by buying and staking them to control the network In this comparison I think proof of stake is more secure
Comment from : Edgar MMXXIII

It's very interesting that you recognized how Bitcoin mining is going to become very decentralized I have the same theory and it really does make a lot of sense and is encouraging
Comment from : end the fed

How anyone can still afford to consistently lose value and their bitcoin altogether ain't nobody got extra throw away money for this
Comment from : Mark Kasun

Show
Comment from : Otávio Martins

❤
Comment from : ShakeN Bake

Could 51 of the bitcoin miners collude to change the consensus rules of bitcoin?
Comment from : Simon F

Foundry and Antpool are spineless cowards that should not be supported if you are mining Bitcoin There are plenty of highly efficient no-KYC pools you can join
Comment from : V4BTC 🌹

Love your videos Thank you!
Comment from : Paul Nevin

GUYS GUYS GUYS the official DEX of Bybit is buggedbrIf you are exchanging Bitcoin>Ethereum you get almost x10, I did a video
Comment from : Kyle Parlo

Matt, you should start your pool I guess many will join you
Comment from : Marketing Matematico

Matthew, you need to do a video on Stratum V2! This video tees up the discussion perfectly It's something that's not getting enough attention and needs to be discussed more
Comment from : mc

Comment from : Kim Gauge

Thanks bud
Comment from : Bitcoin Beacon77

Thanks Matt!
Comment from : duff16oz

Idk if youre the best person to ask this But for someone building a homestead Do you think it would be worth oversizing your solar setup so that any excess energy generated while the battery is fully charged goes towards mining as opposed to being connected to the grid selling the power back to them?
Comment from : T R

If you get a percentage of the hashrate you contribute to the pool, why doesn't everybody have a little rig to earn passive income?
Comment from : sim biotik

I zoned out of this video drinking my morning beer and reading Reddit Now the video is over, is this a real problem or not?
Comment from : mrnogood

I mine to Braiins El Salvador is going to be starting up its own pool, reportedly Would be interesting if it'll be KYC'ed
Comment from : Lv99Slacker

Thanks Matthew 😊
Comment from : Alvaro Vecchionacce

This is something that constantly worries me That the whole network could just go up in a puff of smoke But Matt's voice and words are so reassuring 😊
Comment from : sim biotik

Again you amaze me with your knowledge You’re so timely with my mindset, just yesterday I was shopping for S19hr’s But concluded first of all my electricity is entirely too expensive I am however looking into solar and have the perfect big roof for it But that only leaves me good for daytime Thought about buying property with a good stream and generating The solar is still an option because I can hook into my heat ducts and discard my heating bills I have to crunch the numbers and like you said keep in mind the miner in time becoming obsolete brNice work Matt!
Comment from : Guy Tony