Demonetisation in India and the new Aadhaar identity/ biometric management system. It should be called "Hack Me." The most important criteria is that the politicians who voted for it should be registered. The fundamental question is not the type of database, it is about centralisation vs. decentralisation. Blockchains do not solve the problem of centralisation.
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.
Decentralized Finance or DeFi projects are said to be revolutionizing finance. But why do they all seem to have their own tokens? Why aren't they just using the underlying network tokens? Is it just a get rich quick scheme for the creators? Maybe, maybe not. Watch this video to learn some of the reasons why DeFi projects might have their own tokens, how they might be used to provide a hedge against immature technology and over centralization.
Chapters
0:00 Why do all these DeFi projects have to have their own tokens? What are the risks with DeFi?
1:31 Reasons SOME projects may actually need their own token
2:00 This is immature technology
2:30 Balancing decentralization and centralization
4:20 RIPCORD principles - collaborative
4:39 Features of some tokens: equity principles, access, governance
5:33 Governance decisions distributed
6:00 Examples of Maker DAO and Compound (not an endorsement of either project)
Related Videos
5 Categories of DeFi Risks - https://youtu.be/OxNXBhmtDrw
What is RIPCORD? https://youtu.be/NG4u55e3SYo
COMMENT below and let us know what you think of the video. Post your follow-up questions there too!
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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.a
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https://www.youtube.com/watch?v=fAYcSfYo3FM
Exchange rates in Bitcoin. Bitcoin is traded on international markets against 30-45 national currencies, in real-time. It's affected by fluctuations between those currencies indirectly. The exchange rates are defined by market dynamics (supply and demand). It is still a very small currency; it was a global currency from the day one but it is still small in size, therefore it has more volatility than many of the currencies you're used to. Over the last seven years we've seen that the volatility has gradually reduced; as it gets bigger, it becomes more stable.
Why are cryptocurrency prices so volatile? Would pegging make them less volatile? Cryptocurrency markets are like boats: the bigger the boat, the bigger the wave you need to move it. It's volatile because it's still small, but it's getting less volatile and more stable as time goes on because the market is getting bigger with more transactions. Volatility has two sides. We look econometrically at negative volatility as being damaging, not so much with upward volatility. There are national currencies with higher volatility than even bitcoin. The problem with tying / pegging a currency to an external asset is that it may work in the short term but not in the long term, as differences between the two markets emerge and at some point they can't stretch enough to accommodate fluctuations in the other. Eventually someone does an audit of the gold vault and discover it's not there, it's not real, or it's been loaned out to three different people and they all think they own it. The advantage of bitcoin is that it's on the public blockchain, everyone knows where each bitcoin is, and only the person controlling the private keys can make claim to it.
The first question is from a talk which took place on October 11th 2016 during the Merkle Conference in Paris, France: http://www.merkleconference.com/
Watch the full talk here: https://youtu.be/SVdIbtWPYw4
The second question is from a talk which took place on July 7th 2017 at a Bloktex event hosted by the Wisma BeeOn Group in Kuala Lumpur, Malaysia: https://antonopoulos.com/event/the-future-of-money-kuala-lumpur-malaysia/
Watch the full talk here: https://youtu.be/HaJ1hvon0E0
CLARIFICATION: At 1:17 I say that Bitcoin's market cap is ~$10 billion. At the time this video was made (October 2016), that was true. However Bitcoin's current market cap is fluctuating around $70 billion.
RELATED:
Price premiums and arbitrage - https://youtu.be/B4tsk-ZiHuE
Divisibility and deflationary monetary policy - https://youtu.be/xhLgxX_wU6E
Who determines the value of bitcoins? - https://youtu.be/DucvYCX1CVI
Altcoins and the scaling debate - https://youtu.be/slbpdW-H3yk
Global financial crisis - https://youtu.be/JU3gNC_ZPKM
Could governments take over exchanges? - https:
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https://www.youtube.com/watch?v=9KPyflyHP6s
If multiple governments collaborated, could they launch a 51% attack on Bitcoin? If all it takes to attack a proof-of-work (PoW) network is enough electricity, wouldn't you want the game theory of delegated proof-of-stake (DPoS), or a hybrid system? Could chainlocks prevent 51% attacks?
These questions are from the July monthly patron session, which took place on July 28th 2019. 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:
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
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
Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figur
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https://www.youtube.com/watch?v=qrwgYDAoZV0
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. We recently 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
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https://www.youtube.com/watch?v=BeBF2Pod_DU
In this talk "Blockchain vs. Bullshit - Thoughts on the Future of Money," Andreas outlines the necessary criteria that will help you distinguish blockchains from bullshit, and why the goal of developing this technology should not be "banking the unbanked" but rather de-banking all of us.
This keynote talk took place at the Blockchain Africa Conference on March 2nd 2017 at the Focus Rooms in Johannesburg, South Africa: http://blockchainafrica.co/speakers/andreas-m-antonopoulos/
TOPICS:
The hype and empty promises around "blockchain" 2:30
Reconsidering info security, research in applied cryptography 4:45
Blockchains vs. databases 7:13
The essence of Bitcoin: revolutionizing trust 8:33
Open blockchains are the only ones that matter 10:24
Censorship resistance and other important characteristics 13:12
Criteria: blockchain or bullshit? 14:05
Fundamentally changing the allocation of trust 15:45
Permissioned "distributed ledgers" are boring & insecure 16:43
Hey Wall Street, Anonymous is coming for your keys 21:48
Promising opportunities, solving the unsolvable problems 23:06
The 3 elements to success in this industry 24:50
The necessary steps to mature out of infancy 27:44
QUESTION & ANSWER:
Hot vs. cold wallets - https://youtu.be/Aji_E9sw0AE
The revolution in trust - https://youtu.be/iWfpxB3HZOY
RELATED:
Blockchain for Beginners - https://youtu.be/i9nUMvpT2rM
How to get people to care about security - https://youtu.be/Ji1lS9NMz1E
Welcome to TrustNet - https://youtu.be/Rrj8sjHJthU
Hardware, Software, Trustware - https://youtu.be/Etyjc1JdmFU
Initial coin offerings (ICOs) - https://youtu.be/Q5R8KuxV4A0
What are the most exciting recent developments? - https://youtu.be/bCG5og_LwZY
Trust, promise of value, and intrinsic utility - https://youtu.be/Cxc9ybot9oM
The oxymoron of national blockchains - https://youtu.be/qSIBFBq9tRs
Private chains misunderstand the fundamental value of blockchains - https://youtu.be/haKVaGHKQJM
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
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https://www.youtube.com/watch?v=SMEOKDVXlUo
This talk took place at the 3rd Hackers Congress Paralelní Polis (30th of September - 2nd of October) in Prague, celebrating the age of digital freedom and decentralisation. #HCPP16
Steemit, Yours Network, and future social platforms https://youtu.be/ntoJNuzlTSA
What should not go on a blockchain? https://youtu.be/shn9otsT-Pw
Proprietary editable blockchains & patent trolls https://youtu.be/Pryy7n1a7UQ
Innovations in wallet design https://youtu.be/K5Ei3_D8LQ8
A voluntary alternative to mandatory currencies https://youtu.be/5ogv3Eya9nQ
Anonymity and confidential transactions https://youtu.be/MgTxkoLF2KA
Want to hear more about Bitcoin and open blockchains?
Follow on Twitter: @aantonop
Visit my website: https://antonopoulos.com/
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https://www.youtube.com/watch?v=n2yD1PSWBU0
How can we get more women involved with cryptocurrencies? What are the most inspiring projects that encourage people to think beyond the current system and explore the innovative potential of the technology? Tired of hearing about the latest scammy ICO? Instead, here are some inspiring real-world projects using cryptocurrencies for good!
1. Fereshteh Forough's "Code to Inspire" (@CodeToInspire) educational initiative, the first coding school for girls in Afghanistan, which uses Bitcoin for financial support & autonomy due to a lack of payment processors and high fees in the country (http://codetoinspire.org)
More: https://bitcoinmagazine.com/articles/code-to-inspire-bitcoin-gives-afghan-women-financial-freedom-1460652348/
2. The BitGive Foundation (@BitGiveOrg), a nonprofit organization that runs a program called GiveTrack, which allows donors to trace bitcoin transactions on a public platform in real time to see how funds are spent, ensure they reach their final destination, and track the results generated from contributions. (https://www.bitgivefoundation.org).
I would also like to see more people addressing the issue of international remittances for migrant workers. Sending money home is a big business where a lot of money is going towards paying fees, about the same amount that is being spent in foreign aid. Why not just let people keep more of their own money? Doing so also generates more economic activity in return. If the informal cryptocurrency remittance market becomes really successful, Western Union will probably go out of business, but -- at least here -- not a single tear will be shed.
This is part of a talk which took place on July 7th 2017 at a Bloktex event hosted by the Wisma BeeOn Group in Kuala Lumpur, Malaysia: https://antonopoulos.com/event/the-future-of-money-kuala-lumpur-malaysia/
RELATED:
Remittances and smuggling in Venezuela - https://youtu.be/RRXecXfWARw
Design for the disabled and disempowered - https://youtu.be/VlcHyl_rPVM
Bitcoin, Payment Security, and Consumer Protection - https://youtu.be/qMkGfB8X58o
Crossing the chasm of theoretical vs. real need - https://youtu.be/yIR0OBEAaUE
How long until mainstream adoption? - https://youtu.be/y3cKBDBabtA
The end of vampire-squid financing - https://youtu.be/yyXOQG5iNWo
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-co
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https://www.youtube.com/watch?v=WW8norCKUbE
Special Note: Check out Speaking of Bitcoin’s very first collectible NFT.
https://app.rarible.com/token/0x60f80121c31a0d46b5279700f9df786054aa5ee5:308859:0x86ce5d50015a54c9d7fd044212ed6f243f73802b
For this first one, only a single token is available in a no-reserve auction format which will end sometime between March 13th and 14th.
This week on Speaking of Bitcoin, we’re digging into a good question you’ll often hear from new users. In this wide ranging discussion, hosts Stephanie Murphy, Jonathan Mohan, Andreas M. Antonopoulos and Adam B. Levine discuss concepts like price anchoring, the milibit question, why a thousand Dogecoin isn’t better, finding financial comfort zones and more.
Prefer to listen as a Podcast? Subscribe to Speaking of Bitcoin:
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Image Credits: Photos by Olga DeLawrence and Micheile Henderson on Unsplash, modified by Speaking of Bitcoin
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https://www.youtube.com/watch?v=KoakvSVKz1E
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=kcYdBvDbhe8