Trace Mayer: "The protocol is the Constitution of cyberspace"

There's a conspiratorial book title in there somewhere, "The Protocols of Bitcoin?" Or "The Protocols of Crypto?"

Anyway, Keiser Report talks protocols, hard forks, accounting revolutions and Roger Ver with Trace Mayer: (skip ahead to 13.07 to get to the conversation).

Remember that, as this was at Freedom Fest, this was a few days before the hard fork, $BCH, or Bitcoin Cash, so there is nothing specific on that. We do, however, discuss Roger Ver and his desire for a hard fork towards the end, so stay tuned for that if you're interested in the hard fork topic.

Some of the other topics covered:

Trace says that we are witnessing an accounting revolution similar to what happened at the start of the industrial revolution, this time, however, it is at the start of the information age. He says that the sun is rising and will shine a light on bankers dodgy dealings.

Max and Trace also discuss the great Gold vs Bitcoin debate: Trace says that gold is the same thing it was 2000 years ago, but that it’s not extensible. Fiat is extensible but it has an unlimited supply. Crypto is both limited and extensible. So it wins the day!

With that, however, Trace does offer a response to Schiff’s argument that there are too many cryptos and so that's just as real as fiat money inflation. (Must watch for that response).

Next, Trace argues that protocols are the Constitutions of cyberspace and we are writing them now before they are set in concrete. Blockchain can be a chain to bind humanity or it can provide monetary liberty forever. Trace believes that Segwit protects our monetary liberty and asks, "why do a hard fork when you can do a soft fork?"

Final word: You’ve got to leave your ego at the door with bitcoin.
(Signed, Stacy)