Bitcoin Has Never Seen Breach or Hack, says StillMark's Killeen

The video discusses Bitcoin's potential to support NFTs and smart contracts, highlighting its security and stability advantages. It explores the role of Bitcoin in decentralized finance and the importance of trust. The Taproot upgrade and its impact on emerging markets are covered, along with the challenges and opportunities in attracting developers to the Bitcoin ecosystem. The pace of Bitcoin adoption is compared to the early Internet, emphasizing its rapid growth.

What is one of the main advantages of Bitcoin that the speaker highlights?

• Its low transaction fees

• Its compatibility with all cryptocurrencies

• Its ability to process transactions quickly

• Its network effect and security

What has Bitcoin always had that allows it to be considered programmable money?

• A decentralized voting system

• Smart contract capabilities

• An integrated social media network

• A built-in exchange platform

What recent upgrade is mentioned that enhances Bitcoin's efficiency and privacy?

• SegWit

• Taproot

• Proof of Stake

• Ethereum 2.0

What is the role of the Lightning Network in Bitcoin's ecosystem?

• To mine new Bitcoins

• To enhance payment efficiency

• To create new cryptocurrencies

• To replace the core Bitcoin protocol

How do developers use other protocols in relation to Bitcoin, according to the speaker?

• As platforms for social media

• As competitors to Bitcoin

• As test nets before moving to Bitcoin

• As permanent alternatives

What is the expected trend in Bitcoin adoption compared to the Internet?

• Slower than the Internet

• At the same pace as the Internet

• Not comparable to the Internet

• Faster than the Internet

What is a key factor that developers consider when choosing to build on Bitcoin?

• The ease of coding

• The potential for long-term impact

• The availability of government grants

• The popularity of Bitcoin in social media