In this livestream, Andreas talks about the IMF and El Salvador, the IMF and Bitcoin, and what it means for a country to adopt bitcoin as national currency. He also answers questions about the metaverse, no not the facebook one, cryptocurrency cold storage and so much more. Chapters 0:00:00 Beginning of stream 0:02:04 Beginning of sound 0:04:13 Three related questions together: Do you believe using BTC as a national currency is a good thing? If so, what are some reasons that countries should make the switch? [walter] What are the implication of Bitcoin as legal tender. What can the IMF do or say about it? [Becker] What do you think of the IMF telling El Salvador to remove bitcoin as legal tender? 0:11:26 What do you think about the relationship between blockchain technology and the metaverse? Is this something forced and overhyped, or is this actually a practical solution to social and financial issues? [Walter] 0:15:39 I heard that your YouTube channel got hacked, alongside many other crypto YouTubers. Do you believe this is an inside job? Is such an inside job likely or realistic at a crypto exchange? 0:19:48 In general tax on crypto gains are based on gain/loss between value at purchase date and value at sale date. When I take some BTC out of my cold wallet to sell it, how do I know what specific BTC from my previous purchases am I selling now? [Crytocat] 0:23:30 Is there any truth to the argument that bitcoin will have more than 21 million coins. The claim is the security model breaks when there are only transaction fees. What are your thoughts on this? 0:29:46 Cold storage is always air-gapped in my mind. My friend believes you can produce a hot wallet and turn it cold. Thinking "Cold"/"Hot" relates to being online or offline at a particular time, not a past or future condition. Your thoughts? [TheVoice] 0:33:45 I calculate it on excel. 21 million is approximate. if the block is created strictly every 10 minutes, even after 500 years there will be only 21,024,000 bitcoin [SinisterCr03] 0:34:52 Thank you to supporters 0:36:56 AOPP Address Ownership Proof Protocol is highly discussed right now. I think it's an glass half full/empty argument. Both sides have valid arguments. Can you explain AOPP in detail? Especially what is sent and recieved? [Becker] 0:46:34 Moxie recently wrote an article saying web3 is not decentralised because people don't want to run servers and everyone makes api calls to the same servers such as opensea do you agree? do you think web3 will be more decentralised than web2? [the swiss road to crypto] 0:52:40 Book, video info about spanish 0:54:29 Andreas, we miss your talks! I've been watching the old ones again and again and you always give new insights every time. [Giovanni] 0:57:09 Do you think that Decentralized Exchang ... https://www.youtube.com/watch?v=fCQyzcwTjO0

The word of the season is unprecedented. Unprecedented pandemic, unprecedented job losses, unprecedented incompetence. But what does it mean for something to be unprecedented? Our institutions of democratic governance have started to fail. They aren’t failing because of evil villains who are rotten to the core or because they’ve been taken over by a cabal of super-intelligent elitists who conspire to destroy our world. Much more mundanely, democratic governances have started to fail because they don’t scale. Many see this period of time as the end of globalization. But instead it may be the beginning of new globalization. A humanistic globalization, a person-centered globalization. We now have new governance models, non-institutionalized institution of trust, independent networks of trust. Networks of trust that give us rules without rulers. What might governance look like if we had rules without rulers? This talk was given for the ANON Summit, which took place on May 19th 2020. Learn more about becoming a Community Builder: https://patreon.com/aantonop *** Socials, Books, & More *** Website: https://aantonop.com Twitter: https://twitter.com/aantonop Facebook: https://www.facebook.com/AndreasMAntonopoulos Insta: https://www.instagram.com/amantonop/ LinkedIn: https://www.linkedin.com/company/aantonop/ Amazon Author: http://www.amazon.com/-/e/B00MVAG8Z8 Audible: https://www.audible.com/author/Andreas-M-Antonopoulos/B00MVAG8Z8 Music: "Unbounded" by Orfan (https://twitter.com/grassfedbitcoin) Don't forget to SUBSCRIBE to this YouTube channel and select the bell ? for notifications. Thanks for watching! ... https://www.youtube.com/watch?v=gq-t7Ky6QmE

Looking for an entertaining, trustworthy, unbiased opinion on bitcoin and open blockchains? This is it. Take a look at the timestamps to find the questions you're most interested in! 0:00:00 Pre-show banner 0:03:46 In a debate between A. Pompliano and M. Green, Green argued that a bad actor with $7bn can bring bitcoin down by DOS-ing it with empty blocks. What truth, if any, does Mr. Green’s message convey and would a nation state attempt such a move? [Attila] 0:11:58 How can I create a 24 word seed that adheres to the BIP-39 standard, ideally with a passphrase, so that it can be imported to the most amount of wallets as possible? [Winst0nOBoogie] 0:18:25 If I keep generating new addresses on my bitcoin wallet without using those and finally deposit bitcoin on one after many unused ones, could it be that regenerating the wallet with my seed will show zero bitcoin balance in this wallet? 0:26:26 Do 21 quadrillion satoshi provide enough granularity for global adoption of 7 billion people using bitcoin? Would the Bitcoin protocol allow to further subdivide sats, e.g. in ants (short for the antonopoulos unit, e.g. 1/100,000 of a sat)? [Peter] 0:30:58 I'm a bit fearful of running a LN wallet on my phone since the app or my phone are not always on. But running a node on my always on desktop at home is not handy and mobile. Can I run a combination where my phone controls the node? [pyrrhos] 0:34:44 How can we contribute to Mastering the Lightning Network by providing translations to other languages? I have briefly looked in GitHub but I couldn't find any reference. [Giovanni] 0:37:35 Is there an upper bound to the lifetime of a Lightning channel? Could I keep it open forever? [Giovanni] 0:41:35 Hello dear Andreas, People here in MTL are very obsessed by Bitcoin's over-consumption of energy, in regards of climate change. Would I be wrong to answer them that Bitcoin's non-inflationary policy will probably help saving the world? [Guillaume] 0:45:20 Why not give up Proof of Work altogether and use only Proof of Stake? 0:47:50 How do mining pools work? How do the miners split the rewards? How does a participant certify that he/she is really contributing a certain hashrate? If one of the miners of the pool finds a good nonce, what prevents them from being selfish? [Giovanni] 0:53:04 What hobbies do you have besides crypto? [Patata frites] 0:54:12 What do you think about the fast track plan for Taproot? 1:00:02 How do I know my btc, eth, and especially the lesser known altcoins are real? That I am talking to the right blockchain? [Stefan] 1:02:03 In a recent speaking of bitcoin episode you defined the identity problem as "one of the Holy Grails of computer science". Can you elaborate on that? [Mattia] 1:09:33 How would you explain Bitcoin (capital B) to an 11 y ... https://www.youtube.com/watch?v=U0T49duRt74

What are inflationary and deflationary systems? Can you help me understand what these terms mean and why I should care? Why are these words thrown around so much in bitcoin and cryptocurrencies in general? Watch, learn, and laugh. Chapters 0:00 I know you are not an economist but could you explain in simple terms what a deflationary system is and how it relates to an inflationary system? What are the pros and cons? 0:50 Inflationary system 2:53 Deflationary system COMMENT below and let us know what you think of the video. Post your follow-up questions there too! SUBSCRIBE to this YouTube channel and select the bell ? for notifications: https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ?sub_confirmation=1 JOIN this YouTube channel to become a YouTube Community Member and access custom emoji and other perks: https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ/join BECOME a Community Builder: https://patreon.com/aantonop LEARN from Andreas in one of his popular Workshops which will teach you practical crypto skills. There’s even a FREE Intro to Bitcoin & Open Blockchains to get you started. https://aantonop.io/takeaworkshop You can also learn from one of aantonop's many books. Andreas has written three technical books for developers about blockchain technology, Mastering Bitcoin, Mastering Ethereum, and Mastering the Lightning Network (2021) published by O’Reilly Media. He’s also written The Internet of Money Series books, which explain why bitcoin, ethereum, and open blockchains matter. About aantonop: Andreas isn't promoting a company or an organization; he's paid by the community (people who support this work on Patreon and YouTube) and provides an unbiased look at open blockchain technologies, what they can do for our societies, and how to get involved (if you decide you want to). Learn more at https://aantonop.com From Andreas: You may already know that my mission is to educate as many people as possible about #Bitcoin and open blockchain technologies. Watching these videos and sharing them with others is a big part of that. Thank you for being part of this mission. ***Learn More From Andreas’ Workshops, Books & Events** Amazon & Kindle: http://www.amazon.com/-/e/B00MVAG8Z8 Audible: https://www.audible.com/author/Andreas-M-Antonopoulos/B00MVAG8Z8 E-books & Merch: https://aantonop.io/shop Patreon: https://patreon.com/aantonop Website: https://aantonop.com Workshops: https://aantonop.com/workshops ***Connect with Andreas on Socials*** Facebook: https://www.facebook.com/AndreasMAntonopoulos Instagram: https://www.instagram.com/amantonop/ LinkedIn: https://www.linkedin.com/company/aantonop/ Twitter: https://twitter.com/aantonop Thanks for watching, sharing, and subscribing! ... https://www.youtube.com/watch?v=jzJ20BGcdDo