Get the "Ultimate Guide to Bitcoin" course: https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin Use the discount code YT99 to get the best price. In this video, I discuss the fragility of protocols that run on proof of stake, like Ethereum. The lower Ethereum's price falls, the more people will choose to unstake their coins, which further erodes Ethereum's security and could lead to a death spiral. By contrast, capital deployed into the Bitcoin mining ecosystem remains there and cannot be withdrawn in the same way. Bitcoin mining machines (ASICs) can stick around for 6 years, and profit margins for ASIC manufacturers get reinvested into producing more powerful and efficient new ASICs thanks to human ingenuity and Moore's Law. Because these ASICs have only one use (mining Bitcoin), the capital cannot flee the Bitcoin mining ecosystem as easily or as quickly as staked deposits can flee the Ethereum staking ecosystem (once withdrawals are allowed by Ethereum devs). Regulators need to look into whether proof of stake protocols like Ethereum and Cardano are at risk of catastrophic implosions like Terra Luna. Institutional investors need to be able to explain to their LPs how and why their investment in ETH won't end as badly as Terra Luna. Do you feel lucky, punks? Not investment advice! Consult a financial advisor. Behind Terra’s $60 Billion Implosion: https://www.bloomberg.com/news/newsletters/2022-05-16/the-big-take-what-caused-terra-luna-s-60-billion-implosion How much ETH is being staked: https://www.stakingrewards.com/ Ethereum Devs Plan to Enable Staked ETH Withdrawals by March 2023: https://decrypt.co/116763/ethereum-devs-staked-eth-withdrawals-shanghai-march-2023 Bitcoin network hash rate: https://www.blockchain.com/explorer/charts/hash-rate Exxon Mobil Powering Bitcoin Mining Pilot Using Excess Natural Gas: https://blockworks.co/news/exxon-mobil-powering-bitcoin-mining-pilot-using-excess-natural-gas-report I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #ethereum #terraluna #bitcoin Disclaimer Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading. ... https://www.youtube.com/watch?v=xhjof3hQkKo

Get my paid Bitcoin course here: https://www.bitcoinuniversity.com/courses/76599-the-ultimate-guide-to-bitcoin In this video, I demonstrate how to move your Bitcoin from a Ledger hardware wallet to a Blockstream Jade hardware wallet. Here's the overview: 1) Install Sparrow Wallet on your laptop or desktop 2) Get your new Blockstream Jade hardware wallet ready with a brand new 12 word recovery seed 3) Connect Jade to Sparrow 4) Generate a fresh receive address using your Jade 5) Send some BTC from Ledger to that receive address on your Jade Remember to never share your 12 word recovery seed with anyone, never upload it online, never enter it into a web form, never take a picture of it, never allow your smartphone or computer camera to view it, etc. Anyone who has your 12 word recovery seed can instantly steal your Bitcoin. To protect from floods or fire, consider stamping your recovery seed into metal. Just google "metal plates bitcoin recovery seed" to get a list of vendors. Not investment advice! Consult a financial advisor. How to download and install Sparrow: https://sparrowwallet.com/ https://www.youtube.com/watch?v=HLi8p9aTlBQ&ab_channel=BitcoinUniversity Get a Jade hardware wallet: https://store.blockstream.com/products/blockstream-jade-hardware-wallet Jade overview: https://help.blockstream.com/hc/en-us/articles/4407812259225-Blockstream-Jade-Quickstart-Guide-for-Desktop Upgrade your Jade's firmware: https://jadefw.blockstream.com/upgrade/fwupgrade.html How to perform a Jade factory reset: https://help.blockstream.com/hc/en-us/articles/20272304271001-Perform-a-factory-reset How to restore your recovery seed to Jade: https://help.blockstream.com/hc/en-us/articles/18794607053465-How-do-I-restore-a-recovery-phrase-to-Jade- I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #Bitcoin #Ledger #Jade Disclaimer Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky. ... https://www.youtube.com/watch?v=Q4gpVF-ATAg