It hes trying to join it i remember i talked about that closed permission system of the central banking fee system and their member banks well j. P. Morgan is the number one member bank of that system and who is the Central Bankers Central Bank and thats the bank of International Settlements so now that they see their members and their permission to network starting to break off and see the glory of because now theyre starting to really basket big queens proof a workout gribben needs replacing argues b i s study the proof of work p. O. W. Algorithm used by because in some other crypto currencies is not viable in the long term they said it needs to be replaced argues a new study from the bank of International Settlements big queen is vulnerable to double spending or a 51 percent attack and also that the system. Stops awarding big coin as block rewards to minors and then once that happens out in 2140 the system will no longer be secure i dont think its going to become less secure it will
Central bank and thats the bank of International Settlements so now that they see their members and their permission to network starting to break off and see the glory of because now theyre starting to really basket big quince proof of work algorithm needs replacing argues b. I guess study the proof of work p. O. W. Algorithm used by because in some other crypto currencies is not viable in the long term they said it needs to be replaced argues a new study from the bank of International Settlements because it is vulnerable to double spending or a 51 percent attack and also that the system stops awarding big coin as block rewards to minors and then once that happens out in 2140 the system will no longer be secure i dont think its going to become less secure it will are certain prosection are expecting. Huge boost in price and its not about the affair being able to mind the bitcoins but its about the transactions and the transaction fees that should make up for the minor rewards that arti
Is suppressing the price of big coin so in the short term all of the creation of off chain claims typically that are accepted as if theyre the real thing and are proliferating the supply of decline its a sneaky way to get around the 21000000. 00 cap those are all in the short term having a suppressive price on the in. But in the end the korean wins because in the end though anyone whos who is practicing in these practices react off occasion and the like will be wrecked and its it may take a few years for that to happen but there is no lender of last resort in decline and anyone who is taking these risks deserves to go bust will banks wreck big corn or a big coin wreck banks jamie dimon is getting wrecked as we speak now said 21010 years into bitcoin and jamie dimon has capitulated hes admitted defeat after years of bashing big coin after years of trying block chain not big coin he capitulates and what does he do he issues his own all to coin j. P. Morgan coin as ive been saying you don
To theres an awful lot of real profit cation the coin lending market has exploded in size in the last year especially in the last few months and all of this is suppressing the price of big coin so in the short term all of the creation of off chain claims typically that are accepted as if theyre the real thing and are proliferating the supply of because its a sneaky way to get around the 21000000. 00 cap those are all in the short term having a suppressive price on the in. But in the end the korean wins because in the end though anyone whos who is practicing in these practices react off occasion and the like will be wrecked and. It may take a few years for that to happen but there is no lender of last resort in decline and anyone who is taking these risks deserves to go bust will banks wreck big corn or a big coin wrecked banks jamie diamonds getting wrecked as we speak now said 21910 years into bitcoin and jamie diamond has capitulated hes admitted defeat after years of bashing big coi
Online store. Browse our latest collection of cspan products, apparel, books, home decor and accessories. Theres something for every cspan fan and every purchase helps support our nonprofit operation. Shop now for anytime at cspan shop. Org. Now well take you live now to the u. S. Senate. A few judicial nominations on the agenda today, along with President Bidens nomination for chief counsel of the Internal Revenue service. Three vote series are planned and floor negotiations continue on Government Spending to avoid a partial Government Shutdown at midnight on friday. 20 of the federal government could close, if no deal is reached by friday, march 8th, the government would fully shut down. Speaker mike johnson is proposing the house and Senate Approve a shortterm spending bill that would shift both funding deadlines to about a week later. Well continue to bring the government funding story to you as the process unfolds. Right now we head live to the senate here on cspan2. Ficer senate