Bitcoin Q&A: Do "crypto-banks" threaten hard money?
Do custodial "crypto-banks" and systems threaten bitcoin's potential as hard money, and the financial stability of nations? Being a banker, having a banking license, or being a financial regulator makes you a great thief. Can blockchains change governance in governments? People are misusing the term "blockchain" to mean "database," and fundamentally their business models are not about decentralisation. The problems in democracy have more to do with voter disenfranchisement and apathy about the blue vs. red Goldman Sachs.
These questions are from a talk which took place on October 11th 2018 as part of the three-day HoshoCon event at Hard Rock Hotel in Las Vegas, Nevada: https://www.hoshocon.com
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
How do you determine the value of a salary in bitcoin? Does bitcoin work better as a medium of exchange or unit of account? Is bitcoin a reserve currency for other cryptocurrencies, as gold was for fiat?
These questions are from the August and September monthly subscriber sessions, which took place on August 24th and September 27th 2019, respectively.
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Measuring Success: Price or Principle - https://youtu.be/mPMsbgWl9p4
Beyond Price: Bitcoin's Impact on the Future - https://youtu.be/rvwVbRQ5Ysc
Consensus Algorithms, Blockchain Technology, and Bitcoin - https://youtu.be/fw3WkySh_Ho
Advanced Bitcoin Scripting Part 1: Transactions and Multisig - https://youtu.be/8FeAXjkmDcQ
Advanced Bitcoin Scripting Part 2: SegWit, Consensus, and Trustware - https://youtu.be/pQbeBduVQ4I
What is Consensus: Rules without Rulers - https://youtu.be/2tqo7PX5Pyc
Forkology: A Study of Forks for Newbies - https://youtu.be/rpeceXY1QBM
Bitcoin: Where the Laws of Mathematics Prevail - https://youtu.be/HaJ1hvon0E0
Software distribution security - https://youtu.be/_V0vqy046YM
What is mining? - https://youtu.be/t4p4iMqmxbQ
The mining process - https://youtu.be/L4Xtau0YMJw
Nonces, mining, and quantum computing - https://youtu.be/d4xXJh677J0
Iterating nonces and the block reward - https://youtu.be/tjn2aoMaFlY
Miners, pools, and consensus - https://youtu.be/JHz7LM4ncLw
Mining, energy prices, and fee market - https://youtu.be/hrVCd6Pt4l4
What is difficulty targeting? - https://youtu.be/h429LCTRmQw
Genesis block and coinbase transactions - https://youtu.be/strhfzJ56QE
Cryptographic primitives - https://youtu.be/RIckQ6RBt5E
The rules of Bitcoin (part 1) - https://youtu.be/VnQu4uylfOs
The rules of Bitcoin (part 2) - https://youtu.be/vtIp0GP4w1E
Rules versus rulers - https://youtu.be/9EEluhC9SxE
The value of proof-of-work - https://youtu.be/ZDGliHwstM8
Could a state-sponsored 51% attack work? - https://youtu.be/KUd8ZGgm6Qo
Honest nodes and consensus - https://youtu.be/KAhY2ymI-tg
Spam transactions and Child Pays For Parent (CPFP) - https://youtu.be/t3c0E4fkSNs
Is Bitcoin a democracy? - https://youtu.be/TC3Hq76UT5g
Governments versus Proof-of-Work or Proof-of-Stake - https://youtu.be/qrwgYDAoZV0
Decentralized power, leaderless governance - https://youtu.be/E5VbDlQTPzU
What is the role of nodes? - https://youtu.be/fNk7nYxTOyQ
Why running a node is important - https://youtu.be/oX0Yrv-6jVs
Spam transactions and Child Pays For Parent (CPFP) - https://youtu.be/t3c0E4fkSNs
Energy consumption - https://youtu.be/2T0OUIW89II
Solar energy and mining in space - https://youtu.be/cusakcpa8AM
Bitmain and ASICBoost allegations - https://youtu.be/t6jJDD2Aj8k
Binance hack, chain rollback? - https://youtu.be/2cZhkV6BqLg
Block reward, reorg protection, and immutability - https://youtu.be/R6KMp6vkeVU
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https://www.youtube.com/watch?v=ExuHOCyje-w
Looking for an entertaining, trustworthy, unbiased opinion on bitcoin and open blockchains? This is it. During this livestream Andreas will answer questions about bitcoin and open blockchains, like ethereum and the lightning network. Andreas never talks investment but if you want to learn about the technology then don't miss this event.
BECOME a Patreon Community Builder: https://patreon.com/aantonop
JOIN this YouTube channel: https://aantonop.io/youtube
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. Learn more at https://aantonop.com
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https://www.youtube.com/watch?v=aaPAfKUPMrA
Who is in charge of Bitcoin? Why is it so hard to change the rules? The governance model of Bitcoin, where there can be transparent and neutral rules without rulers, without regulators, is confusing to most people. It is a natural human inclination not only to appeal to authority but to see the absence of a leader as an invitation, a "job opening." Bitcoin has resisted this for nine years, but it is still immature and trying to find its potential. What the failure of SegWit2x demonstrated was not that this group one and that group lost, but that consensus is an overwhelming majority system. Without it, you are unlikely to succeed. The question is not whether we will scale, but how. The battles we've faced so far are tiny compared to what lies ahead. The choice you all make between convenience and liberty, between safety and freedom, will open up opportunities for billions tomorrow.
This talk took place at the Swedish Bitcoin Association event on November 19th 2017 in Stockholm, Sweden: http://www.bitcoinforeningen.se/
RELATED:
Bitcoin for Beginners - https://www.youtube.com/playlist?list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj
Decentralized Truth - https://youtu.be/XCVaabu3J04
Open Blockchains for Cashless Developed Economies - https://youtu.be/eo-0BgrKxiI
Money as a System-of-Control - https://youtu.be/FyK4P7ZdOK8
Worse Than Useless: Financial Surveillance - https://youtu.be/n4F-h4xuXMk
Fake News, Fake Money - https://youtu.be/i_wOEL6dprg
Delivering Liberty, at Scale - https://youtu.be/AecPrwqjbGw
Hardware, Software, Trustware - https://youtu.be/Etyjc1JdmFU
Forkology: A Study of Forks for Newbies - https://youtu.be/rpeceXY1QBM
Decentralized power, leaderless governance - https://youtu.be/E5VbDlQTPzU
The Switzerland of currencies - https://youtu.be/pV83Qmy578c
HODLing and the "get free" scheme - https://youtu.be/MhOwmsW1YNI
Why developers are leaving banks - https://youtu.be/GqOZ4IAQ-xQ
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.
Highlights of IoM Volume 2: https://youtu.be/Qkjm5E5BeB8
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] MAST
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https://www.youtube.com/watch?v=2tqo7PX5Pyc
In this talk, Andreas discusses the evolution of technology along a "grand arc", from grandiosity, to... grandparents. He also looks at how bitcoin expresses money as a content type, changing the nature of payments into a form of generic communication.
This talk was delivered on November 29th 2014 for the BitcoinSouth conference at the Millennium Hotel in Queenstown, New Zealand.
RELATED:
The Digital Currency Commons - https://www.youtube.com/watch?v=nYBKWrqR4I8
Bitcoin: Dumb Networks, Innovation, and the Festival of the Commons - https://www.youtube.com/watch?v=x8FCRZ0BUCw
Money as Free Speech - https://www.youtube.com/watch?v=3NqDNetEqmI
Immutability and Proof-of-Work - https://www.youtube.com/watch?v=rsLrJp6cLf4
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.
Subscribe to the channel to learn more about Bitcoin & open blockchains; click on the red bell to enable notifications about new videos!
MASTERING BITCOIN, 2nd Edition: https://amzn.to/2xcdsY9
Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/
THE INTERNET OF MONEY, v1: https://amzn.to/2ykmXFs
THE INTERNET OF MONEY, v2: https://amzn.to/2IIG5BJ
Translations of THE INTERNET OF MONEY:
Spanish, 'Internet del Dinero' (v1) - https://amzn.to/2yoaTTq
French, 'L'internet de l'argent' (v1) - https://www.amazon.fr/Linternet-largent-Andreas-M-Antonopoulos/dp/2856083390
Russian, 'Интернет денег' (v1) - https://www.olbuss.ru/catalog/ekonomika-i-biznes/korporativnye-finansy-bankovskoe-delo/internet-deneg
Vietnamese, 'Internet Của Tiền Tệ' (v1) - https://alphabooks.vn/khi-tien-len-mang
MASTERING ETHEREUM (Q4): https://amzn.to/2xdxmlK
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https://www.youtube.com/watch?v=6vFgBGdmDgs
Trust without centralization, digital cash without identity, and the currency commons beyond corporations. In this talk, Andreas clarifies what "trustless" means and explains why we should avoid departing from a realm where people can pay people without intermediaries imposing their political choices into every transaction. He also argues that cashlessness represents a fundamental shift in the relationship between people and money, people and the state, people and corporations.
This talk took place on May 31st 2017 for the 'Talk and Trade' meetup at the Blockchain Centre in Melbourne, Australia: https://antonopoulos.com/event/talk-and-trade-bitcoin-melbourne/
RELATED:
Bitcoin: Dumb Networks, Innovation and the Festival of the Commons - https://youtu.be/x8FCRZ0BUCw
Governance trade-offs in decentralised systems - https://youtu.be/dtwaW79Fj7c
Blockchains vs. Bullshit: Thoughts on the Future of Money - https://youtu.be/SMEOKDVXlUo
The separation of money and sttate - https://youtu.be/jGmtRA9S7_Y
The oxymoron of national blockchains - https://youtu.be/qSIBFBq9tRs
Exponential Innovation: Hackers Congress - https://youtu.be/n2yD1PSWBU0
What is the impact of private blockchains and coins? - https://youtu.be/t0gqSXEJz0E
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 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
Subscribe to the channel to learn more about Bitcoin & open blockchains!
If you want early-access to talks and a chance to participate in a monthly LIVE Q&A with Andreas, become a patron: https://www.patreon.com/aantonop
Outro Music: "Unbounded" by Orfan (https://www.facebook.com/Orfan/)
Outro Graphics: Phneep (http://www.phneep.com/)
Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)
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https://www.youtube.com/watch?v=nYBKWrqR4I8
Will criminal elements leverage cryptocurrencies? Criminal organizations as early adopters of technology, operating at the nexus of highest risk and highest reward. Money, by definition, is something you can use to buy anything. The more restrictions it comes with, the more it loses the fundamental principle of medium of exchange. I bet it's a lot easier to buy drugs with the New Zealand dollar than it is with bitcoin. Criminals will use money, but what we need to understand is that the tool is not the crime and has never been the crime. 99% of humanity is going to use money and other tools to feed our children, give them healthcare, education, and a better future. I'm not concerned with solving crime through attempting to control money. The organization you give the absolute power over money to, will become the criminal and punish not other criminals but their political opponents. We need to start thinking about separation of money and state, and understand that it just as important as the separation of church and state.
This is part of a talk which took place on May 8th 2017 at The Blockchain.NZ Conference in Auckland, New Zealand: https://antonopoulos.com/event/the-blockchain-new-zealand-conference/
RELATED:
Beyond National Money - Zurich March 2016 - https://youtu.be/V_RS9Lh_rBY
The oxymoron of national blockchains - https://youtu.be/qSIBFBq9tRs
A voluntary alternative to mandatory currencies - https://youtu.be/5ogv3Eya9nQ
Can cryptocurrencies support terrorism? - https://youtu.be/Ryz-pXbsojU
Why we should resist financial surveillance - https://youtu.be/KBFedmrDTQw
Bitcoin and Blockchain in Norway - https://youtu.be/5ODDCx6VL2Y
The Stories We Tell About Money - https://youtu.be/ONvg9SbauMg
Fake News, Fake Money - https://youtu.be/i_wOEL6dprg
Blockchain vs. Bullshit: Thoughts on the Future of Money -https://youtu.be/SMEOKDVXlUo
Bitcoin and the Banks - Five Stages of Grief - https://youtu.be/43Ucj6_Erb0
How do banks react to Bitcoin? The Five Stages of Grief - https://youtu.be/3mgw5rbgOMY
Why Bitcoin is the poison pill of global finance - https://youtu.be/UOfRIaJICgI
How will the currency war affect companies? - https://youtu.be/c9MIM2vZUZc
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 BITCOIN: https://www.amazon
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https://www.youtube.com/watch?v=jGmtRA9S7_Y
Will CoinJoins making blockchain analytics irrelevant? Could there be a bifurcation of the network over privacy improvements, if a large portion of the supply is held in centralised services?
CORRECTION: At 1:57 I say that the European Union has deemed CoinJoin to be illegal. This is completely false. While various centralized / custodial mixing services have been shut down (https://bitcoinmagazine.com/articles/dutch-authorities-shut-down-bestmixer), there are a few CoinJoin wallets which are not custodial and there has not been any European Union legislation banning CoinJoin.
This question is from the CryptoCompare Digital Asset Summit, delivered on June 12th 2019 in London, England: https://aantonop.com/event/digital-asset-summit/
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:
Worse than Useless: Financial Surveillance - https://youtu.be/n4F-h4xuXMk
Escaping the Global Banking Cartel - https://youtu.be/LgI0liAee4s
Money as a System-of-Control - https://youtu.be/FyK4P7ZdOK8
What is Consensus: Rules without Rulers - https://youtu.be/2tqo7PX5Pyc
Why permissioned blockchains fail - https://youtu.be/GEQzlJ_WL-E
How to avoid re-creating systems of control - https://youtu.be/EfoGnDoaBL8
Mixing services - https://youtu.be/rKoMvOH4zoY
Borderless money - https://youtu.be/EZh1-ZqffOw
Will governments let privacy coins exist? - https://youtu.be/30sjEW70rLE
The QuadrigaCX scandal and counterparty risk - https://youtu.be/xsrF0szpS0I
Exchanges, identity, and surveillance - https://youtu.be/TVFy8xXfxAA
Do "crypto-banks" threaten hard money? - https://youtu.be/Ps78g2_3_6o
The price of losing privacy - https://youtu.be/2G8IgiLbT_4
Layered scaling and privacy - https://youtu.be/4w-bjUhpf_Q
Coin selection and privacy - https://youtu.be/3Ck683CQGAQ
Privacy experimentation and the luxury of laziness - https://youtu.be/4GoPRNFr2YQ
Privacy, inflation risk, and censorship - https://youtu.be/O_YgFzgAw8w
Blacklists, taint, and wallet fingerprinting - https://youtu.be/BILcJ3WtdLQ
State-sponsored digital currencies and trust minimization - https://youtu.be/dSpFbg7jlDw
Facebook Coin and JPM Coin - https://youtu.be/Plseqktm3G4
Facebook's GlobalCoin - https://youtu.be/OjTQAkem-VU
Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in Bitcoin. He is the author of “Mastering Bitcoin,” “The Internet of Money" series, and "Mastering Ethereum."
Follow on Twitter: @aantonop https://twitter.com/aantonop
Website: https://antonopoulos.com/
Subscribe to the channel to learn more about Bitcoin & open blockchains; click on the red bell to enable notifications about new videos!
MASTERING BIT
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https://www.youtube.com/watch?v=soeFxWkM5qI
This is both the first and the last episode in our series on NFTs - Recorded on March 11th, the day of the Beeple sale (which we learned was a 'signaling event' during our conversation with MetaKovan,) you'll hear the hosts react and explore recent events in real time.
Link to the story Adam mentioned:
letstalkbitcoin.com/blog/post/token…-the-family-car
This episode features Andreas M. Antonopoulos, Stephanie Murphy, Jonathan Mohan and Adam B. Levine.
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https://www.youtube.com/watch?v=z7w8LpSi_wE