Join the Trader University email list: https://www.trader.university/email-list In this video, I discuss the non-decentralized nature of Solana and its recent outage. Solana is the worst of all worlds: highly centralized, yet still suffering from repeated performance issues. Solana has a headquarters, legal team, and CEO that can be used to coordinate action. It also has lots of VC investors who intend to dump their SOL on you in order to make money for their LPs. By contrast, Bitcoin optimizes for maximum decentralization and security. There is no point in creating a new money that is not neutral-- unless, of course, you are an insider who plans to profit from dumping it. Bitcoin is a historical accident that can never be repeated. And creating VC-backed tokens is certainly not an intelligent way to try to repeat this historical accident. If you like being at the mercy of your overlords, stick to the USD and Euro. Not investment advice! Consult a financial advisor. Solana network goes down: https://decrypt.co/80952/solana-price-crashes-13-percent-network-outage-continues https://www.bloomberg.com/news/articles/2021-09-14/blockchain-underlying-red-hot-crypto-solana-hits-processing-snag https://twitter.com/SolanaStatus/status/1437856638279487493 CEO rounds up validators to restart the network: https://twitter.com/aeyakovenko/status/1437777596549410822 Different cryptos and insider holdings: https://twitter.com/EdnStuff/status/1435756263632158722/photo/1 Solana is highly VC-backed: https://app.dealroom.co/companies/solana FedWire goes down: https://www.cnbc.com/2021/02/24/the-feds-system-that-allows-banks-to-send-money-back-and-forth-is-down.html Solana has been down before: https://twitter.com/solana/status/1334928208836272129 ETH heavily reliant on Infura: https://www.theblockcrypto.com/post/84232/ethereum-infrastructure-provider-infura-is-down Solana validator requirements: https://docs.solana.com/running-validator/validator-reqs https://twitter.com/TerryJones0001/status/1438132607586390021 Bitcoin Lightning Network: https://lightning.network/ Check out my online trading courses: https://www.trader.university/join Use this secret coupon code to get a discount: YT99 Check out my Amazon best-seller, "A Beginner's Guide to the Stock Market": https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5 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. #Solana #Bitcoin #Cryptocurrency Disclaimer Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, th ... https://www.youtube.com/watch?v=EMOv7zOHv44

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 argue that Bitcoin is not backed by anything, though it is certainly "secured" or protected by Bitcoin miners and the general hash rate of the network-- which provide protection from malicious chain rewrites. Bitcoin miners help to secure the Bitcoin blockchain by making it time-consuming and expensive to rewrite blocks in the blockchain. This security is provided by the combination of highly efficient hashing hardware plus electricity, as well as certain economic incentives. At the end of the video, I discuss various things that 51% attacks by malicious Bitcoin miners cannot do: 1) They cannot change the consensus rules 2) They cannot print up fake Bitcoin 3) They cannot steal your Bitcoin They can only attack the tip of the blockchain and cause temporary problems. If you attack Bitcoin and lose, it only strengthens the network and helps to deter future attackers. Not investment advice! Consult a financial advisor. Should Bitcoin Be Backed By Something? https://www.youtube.com/watch?v=E6pGmGESjHw&ab_channel=TraderUniversity US dollar used to be backed by gold, but no longer: https://en.wikipedia.org/wiki/Gold_standard https://en.wikipedia.org/wiki/File:Us-gold-certificate-1922.jpg https://www.federalreserve.gov/faqs/currency_12770.htm SHA-256 hashing calculator: https://emn178.github.io/online-tools/sha256.html 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 #bitcoinmining 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=PqJVKcuFJjc