How long have you been invested in Bitcoin and why?
Even if you have been building and investing in crypto before 2017, there is still SO much to learn and especially to unlearn.
Blockchain is a rapidly evolving technology with a revolving door of players. But, even the winners may not fully understand the game.
This is why I choose to stay connected with fellow early adopters who have NOT lost sight of the game, are actively playing, and have not sold out.
Today, I bring you one of the most game-changing discussions in the space with the CEO of RelayX, Jack Liu. As a proponent of Bitcoin since 2013, Jack has been a trusted ally to many in the space as a market maker in Asia and has experience working with major exchanges, such as Kraken, OKX, and even with Circle’s USDC.
In this interview, we discuss the collapse of FTX and segway into the most important question:
What is THE crypto that will win at true decentralization, scaling, efficiency, privacy, and equality for all? Whoever can answer this question wins this game.
Jack explains how centralized exchanges, like FTX, are not the solution. He says, “Crypto is fundamentally a technology with its own economic ruleset. As exchanges professionalized, there was this new wave of people that did NOT look at crypto as a technology. They looked at it more as a financial instrument.”
If anyone wants to make a quick buck in crypto, then they can have at it with their Web 2.0, corporate, bankster ways. But, the upside potential of the technology itself will surpass this.
So, which crypto(s) will win and take all? This interview may help with your decision.
If you are not familiar, RelayX is the leading platform for minting NFTs and Tokens on Bitcoin SV.
Why would Jack choose to invest in and build solely on BSV? The reason is on-chain scaling.
I commented, “The Layered approach to scaling is inefficient and does not allow you to really enjoy the interoperability of what a blockchain has to offer you.”
The reality that BSV is thriving without the layer-2 crutches of the Lightning Network for BTC is enough to warrant a closer look.
Jack backs this up by stating, “If you have complete scaling, like in the case of Bitcoin SV, then the entire world of finance or exchange can be done by the programming of Bitcoin itself.”
This would eradicate the need for any centralized exchange, like FTX, and the obvious pitfalls that come with operating off-chain.
I would venture to say that Jack understands Bitcoin more than most ‘experts’ in the space. We agree that Bitcoin paired with human potential is infinite and unstoppable.
Time will tell which fork of Bitcoin wins in the end. Therefore, it is important to remember that the Hash War is still alive and well! Since it only takes the flip of a switch for miners to begin mining other SHA-256 forks of Bitcoin, the fate of BTC is still undecided.
Throughout our discussion, Jack informs us about the tail risk of investing in Bitcoin. Eventually, all but one version will likely win in the end. Therefore, a smart investor could diversify to reduce risk in case a flippening did occur and the market cap moved out of BTC into BSV.
With the ability of market cap to move fast in crypto, the process of diversifying will be near impossible at the time of this flippening. So, what can you do?
Jack affirms, “The best case scenario is to just have some Bitcoin now (BSV). Then, just let it go to zero and life will continue the way we’ve known it. But, if this super scenario happens. You have no time during that 24 hours to get some.”
This is not just a conversation about Bitcoin SV. We thoroughly cover a broad range of details on the various ways to participate in this technology and asset class now, while still early.
I encourage you to watch this full interview and let me know your thoughts.
You can watch the video on Vigilante.tv HERE.
Post originally posted on CryptoVigilante.io