What happens to Bitcoin after 2140? Will bitcoin transactions work? How will miners be incentivised without the block subsidy? What role do futures markets play?
These questions are from the second session of MOOC 12, which took place on September 19th 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
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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.”
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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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Eventually in the long run, we will all mine just a few satoshis on our mobile phones in the back ground?
SO IF THE PRICE DOES NOT GO UP, ITS NOT WORTH IT
Actually the only existing crypto channel where shit is not talked, only useful facts
UPD: When is the altseason?
Great explanation and it’s always so impressive that you don’t use visual aids. Learn, Earn, Don’t Get Burned
Andreas, you are wrong that "nothing happens" when block subsidy drops to 0. If that causes some miners to stop mining and difficulty drops it means that the whole bitcoin network is more susceptible to 51% attack. That's a huge danger. We better figure out how to increase the number of transaction and fees that come with it to keep miners getting rewarded enough to NOT DROP mining.
Hello Andreas. To me, the question is more about how to ensure the security of the bitcoin network in a world where more than half of the block reward is not 100% certain. How to collectively make sure that ppl put enough fees in the blocks to secure the transactions of everybody elses?
No offense, but everything I've learned about crypto and bitcoin in general in the past few years is that as an American with access to excellent banking I really have no need for it. Whats the point? There is no more Silk Road and I'm not doing anything illegal. So, unless I live in Brazil, China, or Iraq, why in the world would I need this technology? As the old saying goes this "solves a problem that doesn't exist"
"Dividing by half" means multiplying by 2.
how many bitcoin halvings are left ?
Bitcoin Satoshi Vision is here for bitcoin miners. BTC will not be profitable to mine after the halving in 2020. Satoshi vision fixes this by being scalable and reliable. The Protocol will be locked down so corporations like Walmart Facebook and google will want to use the blockchain because it will save them money. BTC is not bitcoin segwit is not mentioned anywhere in the white paper. BTC is control by a few select developers.
You are the man Andreas, thanks for being such a consistent, positive force for the coming age. You have armed many inquisitive minds with the sword and shield of knowledge, and given many more the confidence to start asking the right questions.
edited – suggested he go on JRE podcast, but it turns out he went on JRE podcast 4x – anyone that is curious: #446 , #490 , #581 , #844.
Explaining away the post halving hashrate drop in litecoin fomo, ever so eloquently. Thank you sir.
I'm just suprised people mine right now vs buy & hodling.
Hi bro. Thanks for the video. Cheers from Italy