Magical Crypto Friends ✨ - Episode 03: Charlie2X

With Charlie Lee, Samson Mow, Riccardo Spagni and WhalePanda. This is one of my favourite shows. You get an insight into what the real experts think about certain topics. The opinions often differ greatly from those of the "Mainstream I trade for 3 months and I am an expert" experts on YouTube or similar.

I'm not saying that all YouTuber are wrong, but it's important to get as many opinions - both positive and negative - as possible in order to shed light on all aspects of a topic and to be able to form your own opinion.

You'll find a short summary below the video if it's too long.

North American Bitcoin Conference review

🕒 1:30 - 6:55 | Riccardo

This year was massive, insanely bigger than last year
A lot of ICOs, but it's not a technical conference, so that's OK
But he wonders why all these augmented reality ICOs need a blockchain. No one could explain it to him. As long as everyone uses all the buzzwords.
Dash after party in a strip club on friday.
"Are we trying to create a culture, a environment where people like: Oh OK I went to a bitcoin conference and there were a thousand lambos parked outside and I went to a strip club? [...] Because that feels like a Bitconnect conference."
Riccardo himself had a 15 min talk. ICOs had even less time.

Greg Maxwell resigning as CTO of Blockstream

🕒 6:56 - 11:16

Charlie: Great news for Bitcoin. They can focus on stuff like Schnorr-Signatures, bulletproof and so on.
Riccardo explains bulletproof
A really funny "I'm the real Charlie Lee" video snippet (10:25+) when Charlie list connection.

Bitcoin Lightning on the mainnet

🕒 11:17 - 17:00

Jokes and a bit hate about bcash
mentions about the shirt from Whale Panda

"I accidentally killed it." - devops199
¯_(ツ)_/¯
(Parity wallet "hack")
Charlie thinks it's right, that you can try it on the mainnet. If you happen to lose 20$ it's be right.
Samson has the same opinion. People has to use and test it for low value items.
Confusion with large payments. Nobody would use LN for large payments. First nobody has channels open with so much money in. Second, why would you? You can use a normal transaction.

Asian ban

🕒 17:01 - 21:00 | Samson

It's not really a ban, more like a reban
South Korea is looking into more regulations
Drama with insider trading
more regulation == more user protection and less wild wild west.
Riccardo: More regulations can bring ETFs, which would be desirable because institutional money would come in.
Price isn't important for any of them. Just Whale Panda hurts it deep inside :D

Coinbase UTXO issues

🕒 21:01 - 30:10

Small amount of coins is on a bunch of addresses and it cost more in miner fees to collect them than they are worth
Charlie: It's more important for them to care about scaling than batching