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.
RELATED:
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
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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
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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
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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
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Energy consumption – https://youtu.be/2T0OUIW89II
Solar energy and mining in space – https://youtu.be/cusakcpa8AM
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Block reward, reorg protection, and immutability – https://youtu.be/R6KMp6vkeVU
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/
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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/)
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haha, nice freudian slip Andreas, 'Bitcoin is the reverse currency'. Exactly, it is the reverse, back to sound money! Thanks for another vid 🙂
Gosh ur cheap $100 to talk at a convention ?
Hello recently I watch london conference where was faketoshi and over and over again he mention. That we see end of bitcoin by 2020. That gov.will go after miner etc. My question is. Can gov.seize and stop bitcoin and botcoin network.? I mean globally. I think that they have to do it at once all together agree that they will hunt miners but there is almost 0% chance that this happen. I just wanna see your point of view. Thank you.
Those power outlets.. move just a little bit to your left… Great vid otherwise. ?
Wow I wanna that you speak for me daily for 100$ :p
Who is getting rich in the “Markets?” Very few! Why is that? Because most have no idea how to navigate the “Markets” successfully, right? Who benefits from a Crypto-currency that is traded on an “Exchange?” The people that own the “Exchange” is the correct answer! Most of the “Traders” lose their money on the “Exchange!”
people really try to figure out what certain DLTs are good for. Even Bitcoins narrative changes over time. There is something called Internet or Bitcoin which has some unique hard properties and this stimulates the creativity, there will be trial and error (hopefully). Your explanation is exactly why I think modelling the value is BS. Sure bitcoin is script but in combination with multi purpose DLTs and the ever evolving digitization of the industry and human life it could be everything. It could back an IoT token-economy. It could be an insurance instrument for the hedge and insurance industry, it could be a notary-system it could be everything and every where.
Bitcoin to 10k end of year, 14k by halving, 18k~20k by end of 2020, 90k~300k by end of 2021.
I know, price doesn’t matter. Adoption matters. But still.
Too bad Andreas is an antifa CUCK, he blocked hundreds of his supporters on twitter for denouncing his support for antifa.
Monero is what Bitcoin meant to be, it has all the stuff Satoshi Nakamoto intended to implement in Bitcoin: decentralization (Monero is ASIC resistant), privacy and fungiblity (1 XMR always = 1 XMR, there is no notion of "dirty" XMR). Why Andreas ignores greatness of Monero? Is that because he has spent way too long building his brand around bitcoin to just switch teams now? Why?
First