The ERC20 Token Standard, Token Summit, the explosion of token ICOs on the Ethereum blockchain, and whether this activity is premature in terms of security (and securities). Every million dollars you put into any token built with ERC20 creates a million-dollar honeypot test on the Ethereum virtual machine, implementations of Geth and Parity, the ERC20 codebase, and whatever poorly-tested code you added for your particular DAPP. The killer app for Ethereum is DAOs (decentralized autonomous organizations), reinventing the modern corporation -- just not that way, as venture capital firms... The security needs to be tested first with $10k, not $10 million; gradually escalating. The trade-off of flexible smart contracts is that every contract has to be independently tested. What happens to a brand-new start-up with a whitepaper but no management experience that suddenly comes across millions of dollars? Soon, not many dollars. ICOs right now are the biggest reputational risk for Ethereum. Opening up crowdfunding to a global audience is an amazing application, when you have governance, but when you do it prematurely you blow up the launch pad. Sometimes lessons have to be learned the hard way. The market will teach them when they lose their money. The purpose of this early stage experimentation should be to test the security of the protocols, not attempt to get-rick-quick. If we don't remind investors of the risks, they will get a visit from the SEC, because one of the first rules is that you don't promote securities to the unaccredited public. CORRECTION: The "exit scam" allegation regarding Matchpool's CEO (mentioned in the previous version of this video) was circulating in the news at the time this talk was filmed -- but it was later shown to be false, and the ICO funds were accounted for: http://www.coindesk.com/the-matchpool-ico-scandal-is-all-smoke-and-no-fire/ This talk took place at the Silicon Valley Bitcoin meetup on April 11th 2017 at the Plug and Play Tech Center (@PlugandPlayTC) in Sunnyvale, California: https://www.meetup.com/Silicon-Valley-Bitcoin-Users/events/233760417/ RELATED: Initial coin offerings (ICOs) - https://youtu.be/Q5R8KuxV4A0 ICOs and responsible investment - https://youtu.be/C8UdbvrWyvg ICOs and financial regulation - https://youtu.be/Plu_WX3Gs8E ICOs, disruption, and self-regulation - https://youtu.be/yfjgcI8xX3A ICOs and pyramid schemes - https://youtu.be/8HYWWP1QU7Q Scams, gambling, and regulation - https://youtu.be/fTI88YrN1UE Regulation and the bank boycott - https://youtu.be/8ypH69Cb1l0 Unstoppable code - https://youtu.be/AQx3E3F8Kz4 The Lion and the Shark: Divergent Evolution in Cryptocurrency - https://youtu.be/d0x6CtD8iq4 Ethereum: Consensus vs. Immutability - https://youtu.be/OGGW9ozE-ys How to get people to care ... https://www.youtube.com/watch?v=vdaW8NtJXuQ

What determines the supply of bitcoin? A probabilistic, geometrically declining supply function meant to simulate the issuance of precious metals. Every ten minutes, new bitcoin are created. Every four years, the block reward cuts in half in what is known as "the Halvening." Will the supply cap at 21 million bitcoins cause problems for adoption? If there is demand, the bitcoin already issued will circulate in the market and create velocity in the economy. We will see different monetary policies for other cryptocurrencies. Bitcoin is unequally distributed and it may make a new 1%, but it may also make you part of the new 0%. The fundamental difference is that the new Bitcoin 1% got there through being rewarded for taking risks on a new and relatively untested currency, whereas the traditional 1% got there because their grandfather killed more people than my grandfather. Watch the rest of the presentation: https://youtu.be/P6F1vTG_hA0 The first question is part of a talk which took place at the Singularity University's Innovation Partnership Program (IPP): https://youtu.be/l1si5ZWLgy0 The second question is part (Q&A-3) of a keynote talk which took place on October 19th 2016 during the Bitcoin Wednesday Meetup at the Eye Film Museum in Amsterdam, Netherlands: https://www.meetup.com/BitcoinWednesday/events/234498117/ Event Info: http://www.bitcoinwednesday.com/event/special-edition-19-october-2016/ Presentation Info: http://www.bitcoinwednesday.com/antonopoulos-bitcoin-incubator-black-swans/ Watch the full talk here: https://youtu.be/3MLy5Z5ISeA RELATED: Divisibility and deflationary monetary policy - https://youtu.be/xhLgxX_wU6E The rules of Bitcoin (part 1) - https://youtu.be/VnQu4uylfOs The rules of Bitcoin (part 2) - https://youtu.be/vtIp0GP4w1E Global financial crisis (GFC) - https://youtu.be/JU3gNC_ZPKM The revolution in trust - https://youtu.be/iWfpxB3HZOY Who determines the value of bitcoins? - https://youtu.be/DucvYCX1CVI The end of vampire-squid financing - https://youtu.be/yyXOQG5iNWo The Stories We Tell About Money - https://youtu.be/ONvg9SbauMg Fake News, Fake Money - https://youtu.be/i_wOEL6dprg Is Bitcoin a democracy? - https://youtu.be/TC3Hq76UT5g Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and well-respected figures in bitcoin. Follow on Twitter: @aantonop https://twitter.com/aantonop Website: https://antonopoulos.com/ He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters. THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8 MASTERING BITC ... https://www.youtube.com/watch?v=AABkJ55Zz3A

You may have seen some of my Q&A videos posted to YouTube and wondered where they come from. Some of them come from monthly Livestream Q&A sessions with people who support me on Patreon. (We call Patrons what they are: Community Builders.) Recently, Community Builders voted to open up these sessions to anyone who wants to join. This community is made up of incredible people, and I’m so grateful to have their support. Last week we had our first open monthly Livestream. It went so well, I’ve decided to have a few more bonus Q&A sessions over the next few weeks. You may already know that my mission is to educate as many people as possible about #Bitcoin and open blockchain technologies. Participating in these Livestream sessions is one way to do that. Thank you for being part of this mission. 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/AndreasMAnto... Insta: https://www.instagram.com/amantonop/ LinkedIn: https://www.linkedin.com/company/aant... Amazon Author: http://www.amazon.com/-/e/B00MVAG8Z8 Audible: https://www.audible.com/author/Andrea... Don't forget to SUBSCRIBE to this youtube channel and select the bell for notifications. Thanks for watching! ... https://www.youtube.com/watch?v=wXpl5eyzVu0

When are we going to see mass adoption of open blockchains, especially by "big sellers" and merchant services like Amazon? A system of closed, centralised, weaponised poltical control vs. open source, localised / peer-to-peer commerce. Will the user experience improve? This question is from a talk which took place on May 18th 2018 for the WeAreDevelopers World Congress at Austria Center Vienna in Vienna, Austria: https://www.wearedevelopers.com/speakers/ If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop RELATED: Decentralised Globalisation - https://youtu.be/QoiR4aNbTOw Investing in Education instead of Speculation - https://youtu.be/6uXAbJQoZlE Beyond Price: Bitcoin's Impact on the Future - https://youtu.be/rvwVbRQ5Ysc Wallet design and mass adoption - https://youtu.be/WbZX6BDZJHc Price volatility and store of value - https://youtu.be/wzzZT95ijTo Why I earn bitcoin instead of buying - https://youtu.be/Ci7TyD8jETY Job opportunities with cryptocurrencies - https://youtu.be/89_p4pDlQtI Inspiring cryptocurrency projects - https://youtu.be/WW8norCKUbE From barter to abstract money - https://youtu.be/KYsppZoHguQ Crossing the chasm of theoretical vs. real need - https://youtu.be/yIR0OBEAaUE Remittances and smuggling in Venezuela - https://youtu.be/RRXecXfWARw How long until mainstream adption? - https://youtu.be/y3cKBDBabtA What is the biggest adoption hurdle? - https://youtu.be/jHgyHF3F2TI Bitcoin as everyday currency - https://youtu.be/xYvvSV4mjH0 Hyperbitcoinization - https://youtu.be/AB5MU5fXKfo Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin. Follow on Twitter: @aantonop https://twitter.com/aantonop Website: https://antonopoulos.com/ He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters. THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8 [NEW] THE INTERNET OF MONEY, v2: https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/ref=asap_bc?ie=UTF8 MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042 [NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388 Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/ Subscribe to the channel to learn more about Bitcoin & open blockchains! Music: "Unbounded" by Orfan (https://www.facebook.com/Orfan/) Outro Gr ... https://www.youtube.com/watch?v=n9qIAEFS-Qs