In this talk, Andreas reflects on the audacity of “be your own bank,” but also the difficulties we will face in translating what that means to people who still have no idea what a bank (let alone the centralised power of the banking cartel) does. We all suffer from the Dunning-Kruger effect, but in security it can be fatal. We need to be better at accurately calculating, conceptualising, prioritising and defending against risks faced by a diverse, global user base. We need to design interfaces that are intuitively secure. Or we will lose the safeguards of decentralisation to “crypto banks” — same business as usual, but new names on the letterhead.
This talk 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
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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.
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.
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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
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/)
source
I truly admire your eloquence. All of your speeches are so well articulated and although mainly based on crypto, not repetitive. Therefore there is always something new to learn from every video. You deliver your message with absolute persuasiveness!
Thank you for all your job for the community.
I have genuine question about security of my seeds . it looks dumb, but please, read until the end.
I'm from a developing country which is quite violent(homicide rate is 40/100k people). Then, what if someone kidnaps me and asks my seed? Do I simply loose my coins?
Hè is a good man. Look also at takis shelter please
thank you Andres .come to visit our small country please lol.
Decentralization, Decentralisation,
Thanks so much for taking the time to attend HoshoCon Andreas! Thanks for valuing blockchain security!
Flow, integrity, foresight, in-depth knowledge, transparency, humility, recognition, realism, technology savvy, community awareness,…..I can keep going. There is a new sherif in town and Clint Eastwood is proud to pass the badge on to this man! Andreas the man!
One of the best public speakers who is spreading superb awareness on crypto n blockchain.. such a pleasure listening to him over n over again. I look forward to hear more of your revolutionary thoughts !
An epic talk, as always. Thank you very much.
I feel like a mad scientist sometimes lol
Very good. Thank you Andreas.
Andreas is the astral projection.
thx just bought 100k
Proof that without vision and insight…it is useless, futile…and it will disappear…
The Real Bitcoin Jesus
So where did the open source crypto ideology gin
Thanks ?
1000 likes to 8 dislikes, great ratio
Increíble Andreas. El aporte que estás haciendo por la humanidad es invaluable. El arte en el Storytelling es hermoso y armonioso, ideal para hacer llegar el mensaje, el entusiasmo de la visión, es luz.
La custodia de la seguridad como característica fundamental de los participantes para la descentralización.
Gracias por tanto servicio ?
Muy dispuesto a trabajar por esa visión Andreas. No soy desarrollador de software ni nada de eso, soy más un director estratégico para proyectos pyme, pero a la orden.
Bendiciones
Thanks Andreas!
Great having you at HoshoCon Andreas!
Can you tell me why coincorner has shut me out of my account but I can see my balance.
My hair stands up listening to Andreas! The ultimate radical thinker we've ever seen in our times…
So I thought I was being smart, but after watching this I think I might be suffering from Dunning–Kruger.
How hard is it to crack a 24 word seed with only 2/3 of the information? Is it doable today?
In case it's not clear, I divided my seed into 3 parts similar to whats mentioned in this video. However I've split the words up as follows:
Words 1-16
Words 9-24
Words 17-8
By splitting the words up like this in 3 locations, I am able to lose either one of them and still recreate the seed from the other two.
Fucking first class. Top of the order educational.
Yup. TuschE.
2FA is fucking shit and I was thinking about that for years.
It just does not make any sense.
I feel dumb now for my crypto security measures. But I guess one of the most secure things is to shut up about your investments. If nobody knows, who will look for it in your flat.
luv dat Andreas sass XD
brilliant
Then there's the forgetful busy person's security plan. I literally have no idea where my keys are. But I know I have them!
Epic
There is a difference between holding bitcoin in a centralised holding space – like a bank – and holding money there… Banks cant print more bitcoin. In my opinion its the printing of new money that is the real enemy. Banks keeping it for us is not as bad, after all, so far they always give it back to me
Andreas Antonopoulos is one of those where I press like as soon as I open the video, safe in the knowledge I won't be let down.
Crypto, really since it's inception, is pain. Invest, lose that investment, pain. Kill it, become 'Cryptozilla', fret over Op-Sec & Dunning-Kruger. 'Risk', with respect to cryptocurrency investment, is a euphemism. Sure, the 'investment' required is technological (Op-Sec, UX/UI), not financial, but without broad-based adoption (ie 'Dunning-Krugar money'), Metcalfe's Network Effect is illusory; never mind the ever-looming clouds of 'Regulation' (SEC, CFTC, CFPB, FINRA, BSA, FINCEN….) and labyrinthine hall-of-mirrors that is taxation. Still, we have Andreas, and misery is endured in educated company.
Democracy isn't a good thing. It's a mob-ocracy. HL Mencken said it best:
"Democracy is the theory that the common people know what they want, and deserve to get it good and hard."
I love this dude
For anyone watching, if you have been reading on bitcoin and learning from Andreas, take time to read Satoshi's whitepaper. Everything comes together in literally a 9 page PDF, warning though, mind will be blown.
Great talk, as always, but, I'm going to be that guy: if I have a 24 word seed (256 bit entropy), i cut it into 4 sets of six words, and someone discovers one of the pieces, they now have 192 bits of entropy to crack, not 64. I'm not arguing against your point, this is still terrible security practice, but not as bad as you portrayed.
thats why you use eos,
I've been watching Andreas talks for a few years now and can honestly say he is one of the clearest, straight-thinking and most lucid communicators I've ever heard. Thank you Andreas for your immense service to humanity. Without education and knowledge-propagation to bring about a societal change of awareness bitcoin is nothing.
You are satoshi…
Andreas, can you please do a talk about the lies and fearmongering going on regarding QC. I've done some research into QC and you know what I found out? It's all BS. But the big tech firms are pushing this narrative, and it's all a big lie. Recently Google and IBM claimed to have created 52-qbuit and a 72-qubit respectively. What they don't tell you about these quantum "computers" is they can't run any quantum algorithms (such as Shor's, Grover's or Deutch's). i.e. They are not computers. They are quantum "devices" at best. It's scary how much propaganda has been put out about QC – all misleading lies.
What about Tether and Stable coins Andreas ?
So what is the bottom line? Custodial is not recommended, Alone is impossible? Andreas what is the best practice here? unless it s not been done yet?
?
STELLARX!!! Andreas i want you opinion on this one!
22:40 so #fundsareNOTsafu????? They hold all my VERG ????
This is educational, hilarious, and entertaining. Amazing speech!
Great talk!
Honored to be present at this lecture at the first row. A true privilege .