Summary
The video provides a comprehensive overview of Blockdag's achievements and roadmap for 2024, emphasizing the importance of decentralization and control over personal information. The speaker discusses the choice of proof of work, project progress, technology updates, and future plans for listings and promotions. Additionally, key topics covered include setting up nodes, mining challenges, whale investors, launch year projections, listing strategies, and potential merchandise offerings like T-shirts and hats. Overall, the video offers insights into Blockdag's development, challenges, and future goals in the blockchain space.
Chapters
Introduction and Recap of 2024
Personal Reflection and Blockdag Background
Choice of Proof of Work
Project Recap and Development Updates
Technology and Mining Updates
Setting Up a Node
Mining Profitability
Investment and Coin Launch
Decentralised Exchanges and Bull Market
Payment Card and Conversations
Wrap Up and Transparency
Introduction and Recap of 2024
The speaker welcomes the audience to the AMA session and provides a brief recap of the achievements and events in 2024, including presale, VCs exchange listings, main net launch, marketing, sponsorships, technology, and mining.
Personal Reflection and Blockdag Background
The speaker reflects on personal motivations for starting Blockdag, emphasizing the need for decentralization, autonomy, and control over personal information in contrast to corporate greed.
Choice of Proof of Work
The speaker explains the choice of proof of work over proof of stake for decentralization purposes and the belief in the future potential of blockchain technology.
Project Recap and Development Updates
A recap of the project progress in 2024, including pre-sale numbers, community growth, team developments, phase one completion, technical sessions, white paper launch, and future plans for listings and promotions.
Technology and Mining Updates
Updates on technology development, miner prototypes, ecosystem development, and plans for network testing, staking, and burning tokens. Discussion on miners, mining farms, and scalability solutions.
Setting Up a Node
Discusses the process of setting up a node on a Linux or Mac machine, emphasizing the benefits of using Linux over Windows for better performance and optimization efforts.
Mining Profitability
Addresses the challenges of mining profitably at home with regular electricity tariffs and highlights the need to consider electricity costs as the network grows.
Investment and Coin Launch
Shares information about whale investors, the planned launch year of the coin (2025), and the requirements for tech readiness and investments before listing.
Decentralised Exchanges and Bull Market
Touches on the listing strategy involving decentralised exchanges, monitoring the current bull market for signs of frothiness, and the potential for merchandise like T-shirts and hats.
Payment Card and Conversations
Explores the interest in launching a payment card, challenges with licensing, and the search for a suitable partner. It also mentions the correction of the tap miner conversion rate issue.
Wrap Up and Transparency
Closes the discussion with reflections on transparency efforts, commitments to more communication, and personal plans for the end of the year, along with a promise to provide the recording promptly.
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