Ethereum Q&A: Private chains misunderstand the fundamental value of blockchains
Keywords/phrases: Private chains fundamentally misunderstand the value of open, decentralised, permissionless, borderless blockchains. It is akin to the horse buggy manufactures adapting automobiles by replacing the internal combustion engine with a horse. "But we really like the fundamental technology behind Automobile. Pneumatic tires will fundamentally transform the future of transportation." If you choose to do a private chain, you are re-introducing counter-party risk and removing the fundamental security mechanism of consensus, which brings back a lot of the old problems. The existing banking system is fundamentally constrained by two things: very large institutions with the inertia of centuries of tradition, and the guilded cage of regulations which have kept small competitors out and not allowed them to do what Bitcoin does. It will be difficult for them to reconcile their future with this new disruptive technology.
Want to hear more about Ethereum and open blockchains? Follow on Twitter: @aantonop Visit my website: https://antonopoulos.com/
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
...
https://www.youtube.com/watch?v=2tqo7PX5Pyc
How do we handle geographical arbitrage? Demonetisation and bitcoin price premiums in India. Arbitrage is the process of diminishing the difference in price in open markets. If differences in price emerge, they can be exploited for profit until the difference goes to zero. The problem is not bitcoin, the problem is currency controls. Bitcoin has no location as a global network, it was "in the US" to start with or "in India" to end with. What arbitrage activity tells you is not that bitcoin is worth $1200 here, but that rupees are discounted 20% against hard assets, including other national currencies.The market is sending you a signal. A currency that cannot move across borders is worth less.
This is part of a talk which took place at the JW Marriott Sahar (International Airport) on March 26th 2017 in Mumbai, India: https://www.townscript.com/e/bitcoin-talk-by-the-world-famous-andreas-antonopoulos-203132
RELATED:
Aadhaar and blockchain identities - https://youtu.be/GylSvJf53zI
Remittances & smuggling in Venezuela - https://youtu.be/RRXecXfWARw
Divisibility and deflationary monetary policy - https://youtu.be/xhLgxX_wU6E
Who determines the value of bitcoins? - https://youtu.be/DucvYCX1CVI
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!
Videography: Zebpay Bitcoin India
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/)
...
https://www.youtube.com/watch?v=B4tsk-ZiHuE
Presented at the Singularity University's Innovation Partnership Program (IPP), this is an entry level talk about bitcoin by Andreas Antonopoulos.
Are you a newcomer who wants to learn about Bitcoin and open blockchains? I have a playlist for you: https://www.youtube.com/playlist?list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj
RELATED:
Bitcoin for Beginners - https://youtu.be/UlKZ83REIkA
Blockchain for Beginners - https://youtu.be/i9nUMvpT2rM
Bitcoin: Where the Laws of Mathematics Prevail - https://youtu.be/HaJ1hvon0E0
The Stories We Tell About Money - https://youtu.be/ONvg9SbauMg
The Lion and the Shark: Divergent Evolution in Cryptocurrency - https://youtu.be/d0x6CtD8iq4
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.
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
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/)
...
https://www.youtube.com/watch?v=l1si5ZWLgy0
Keywords/phrases: The principal-agent problem and the agency-less (children and the disabled). The use of technology by people with cognitive or physical disabilities, the disadvantaged, the disempowered. Given sufficient good user-interface and software design, apps can help give you agency and gain power. When you give the disabled power and agency, everyone else can also use that technology. Techno-utopianism. The pyramid scheme systems we have today not only don't give agency, but actively conspire to remove it from larger and larger segments of society until everyone is without agency.
...
https://www.youtube.com/watch?v=VlcHyl_rPVM
Keywords/phrases: Who determines the value of bitcoins?
Everyone, through market forces of supply and demand in international liquid markets that operate around-the-clock. A fundamental difference between bitcoin and the USD/GBP/Euro etc. is that trading never ceases; it has been continuous for 7 years. The volatility can be a roller coaster, yet if you look at the long-term trend, volume and transactions go up while volatility keeps dropping. For Argentinians and Brazilians, the price of bitcoin is not too volatile and you don't need to sell it to them, because they already understand the separation between state and money is a good idea. Volatility is relative.
...
https://www.youtube.com/watch?v=DucvYCX1CVI
This interview with Brian Phan (Cantech TV) was held during June 20 - 21st 2016 for the Blockchain Training Conference hosted by the Bitcoin Alliance of Canada in Toronto, Canada: http://blog.cryptoconsortium.org/the-blockchain-training-conference-investment-advice-2/
0:13 - How did you get into Bitcoin and open blockchains?
5:24 - What is the killer app(s) of Bitcoin and open blockchains?
9:42 - Is there a knowledge / skills gap or shortage in this space?
16:21 - What is the difference between Bitcoin and blockchains?
20:18 - What are the similarities and differences with Ethereum?
24:33 - What are your thoughts on DAOs and specifically TheDAO?
30:56 - How do incentives work in these decentralised systems?
32:40 - What can Bitcoin, open blockchains, or tokens do for the sharing economy?
38:51 - How long before mainstream adoption and broader financial inclusion? Where will adoption happen first?
42:51 - How effective would government bans on bitcoin and other cryptocurrencies be?
44:02 - How important is the price to people's perception of this technology? What are price fluctuations driven by?
Watch my talk from the same event: https://youtu.be/6uXAbJQoZlE
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
Highlights from "The Internet of Money" (Volume 2): https://youtu.be/Qkjm5E5BeB8
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
Originally shared at: https://youtu.be/JulE7xM2CgY
Videography: Brian Phan & Sina Ghashghaei
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/)
...
https://www.youtube.com/watch?v=jNnll0L7n-c
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
Is the Trump administration is trying to push through bitcoin & cryptocurrency wallet regulations in the USA? Maybe you've seen the CEO of Coinbase make statements against these regulations. But what's actually being proposed? Why are exchange CEOs making statements [HINT: it's not altruism or principles]? Watch this 10 min video to learn what these proposed regulations are, how they'd affect regular crypto users, why the regulations would be impotent if actually enacted, and why CEOs of exchanges are worried.
Chapters
0:00 Donald Trump asks, "What's your opinion about the rumored burdensome cryptocurrency wallet rules that I may rush out soon?" (obviously this is a pseudonym and POTUS did not actually ask this question)
0:32 You should be using self-hosted bitcoin crypto wallets, non-custodial wallets where you control the cryptocurrency keys
0:48 Financial regulators are getting nervous about... burdensome civil liberties and freedom
1:17 They are trying to regulate the use of self-hosted wallets, by way of regulations on cryptocurrency exchanges
2:01 You cannot enforce regulations on how people use their own self-hosted cryptocurrency wallets
2:55 Can you prove the address you're withdrawing to belongs to you? (yes, always)
3:00 The proposed law: when you withdraw from an exchange, you must prove the address you're withdrawing to belongs to you
4:02 Cryptocurrency exchanges would be negatively affected but not users of self-hosted wallets
5:12 How easy would these proposed regulations be to bypass? Too easy, trivially easy
6:37 The proposed regulation is pointless
8:23 The regulation will make cryptocurrency exchanges less valuable, less useful, and more expensive than self-hosted wallets
8:56 Making Not Your Keys, Not Your Coins even more attractive
10:00 What is the impact of these regulations? Drive more people to self-custody of their cryptocurrency!
This question is from the November 2020 monthly Bitcoin & Open Blockchain livestream event, which took place on November 28, 2020. Watch the entire video here: https://aantonop.io/nov2020livestreamqa. If you want to ask questions early (before the live event), become a Community Builder on Patreon: https://www.patreon.com/aantonop Patrons get early access to ask questions, view talks, behind-the-scenes content, and much more.
Take a look at some of our favorite questions from Monthly Livestream videos:
Bitcoin Q&A: Climbing the sovereignty staircase - https://youtu.be/pOVm8YK3A_0
How do Mnemonic Seeds work? https://youtu.be/wWCIQFNf_8g
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://aantonop.io/youtube
JOIN this YouTube channel to become a YouTube Commu
...
https://www.youtube.com/watch?v=Jh0hocs-_PA
What are colored coins and how do they work? Could you use colored coins to track political donations? Can colored coins be used on the Lightning Network?
These questions are from the May and August monthly patron sessions, which took place on May 25th and August 24th 2019, respectively. 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:
'Coin' and 'token' terminology - https://youtu.be/WjWkttUkm58
Maturation of DAO software - https://youtu.be/h7GMtF72SOE
Smart contracts, sidechains, and the Lightning Network - https://youtu.be/wfxticQHvaw
Impact of smart contracts on law and accounting - https://youtu.be/K-TRzuPwJCc
How do smart contracts work? - https://youtu.be/DyAjgkwwgyI
The legality of smart contracts - https://youtu.be/eKfnmxSmVF0
Smart contracts and law ambiguity - https://youtu.be/V4VVnWY4lIM
Scaling decentralized organisation - https://youtu.be/cuy03un7gfU
Governance scalability and asymmetric power - https://youtu.be/DUZ5nhW3smw
Governance and setting bad precedent - https://youtu.be/xjoTeG8D3CE
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 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
German, 'Das Internet des Geldes' (v1) - https://amzn.to/2LEiyqO
German, 'Das Internet des Geldes' (v2) - https://amzn.to/2VCzse5
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: https://amzn.to/2xdxmlK
Music: "Unbounded" by Orfan (https://twitter.com/grassfedbitcoin)
Outro Graphics: Phneep (http://www.phneep.com/)
Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)
...
https://www.youtube.com/watch?v=r2FaaLS9vqE