For Part 1 of this interview, CLICK HERE
Part II. with Bix Weir of RoadtoRoot-A continues the review of the ever evolving crypto-revolution, including the ascent of Ethereum and its key competitors.Competing crypto-script EOS is an ERC-20 token, headed by Dan Lahrimer known for DPoS, while Cardano is run by a former key developer of Ethereum.A strategic advantage of Ethereum is the Turing Complete nature of the Solidity language, which allows scripts to run on the token.While YouTube "experts" use Metcalfe's Law to describe the network value of Bitcoin, Metcalfe's Law is easily debunked using basic statistical modeling.Metcalfe's law holds that peer-to-peer networks such as Bitcoin derive value. via the number of transactions times the number of users.Nevertheless, given that there are a finite number (n) of people, all human based exponential systems are non-asymptotic; growth eventually slows.Due to the highly complex nature of human behavior, the host proposes a unique description of the cryptocurrency "network effect."The progression begins with the exponential, turns to logarithmic and ends in with the parabolic.The model begins with super-linear growth of the exponential n^2 curve, progressing to the more tame ascent of the n*log(n) curve.The system results in the S-curve that completes the life-cycle as the log-parabolic system returns to zero (figure 1.1).Investors are advised to ignore all Bitcoin growth forecasts based on Metcalfe's Law and rely instead on more pragmatic S-curve estimates.The duo dismiss detractors citing the large number of US equities (10,000+) does little to lower overall demand for shares.The thought is further corroborated via comments from Silicon Valley, Bitcoin Billionaire, Tim Draper.Mr. Draper notes (paraphrased) that within 5 years, coffee shops around the US will accept Bitcoin as the currency of choice.BTC / Altcoins offer an alternative to the domestic currency regardless of location worldwide, for currency / financial crises, such as the Great Recession of 2008, as well as the devaluation's of Venezuela and Argentina.Bix Weir has 30 years' experience in the financial industry with various fortune 500 companies. He is the creator of the "Road to Roota Theory" and his commentary is published at www.RoadtoRoota.com. Bix has dedicated his efforts over the last 15 years to exposing the long term manipulation of the gold and silver markets. He has worked closely with the Gold Anti-Trust Action Committee helping to pull the curtain away from the Cabal of International Bankers that has taken control of our free market system.