What are the barriers to adopting cryptocurrencies, and what will be the most popular use cases for them in the next five to ten years? Science fiction didn’t quite anticipate the evolution of computer technology. What you want is not always what will need. Disruptive technology breaks down previously existing categories and create new ones that didn’t exist before. Bitcoin is changing our conception of what a payment is and can do. What is the “streaming money” use case? There will be a transition changes the time dimension of money, from batches to flows.

These questions are from the Seattle ‘Internet of Money’ tour event, which took place on November 10th, 2018.

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.

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/)

source

40 COMMENTS

  1. Andreas, "streaming money" is not unique to cryptocurrency. You could easily implement that with traditional electronic payment networks. Maybe some banks' backend software would need to optimized, but that hardly calls for a new currency.

  2. So true. Consider; Predictions from several decades ago that failed to foresee that computers would become much smaller and cheaper were immediately regarded as 'far fetched'. That these changes would enable nearly every business and home to have its own computer to be used for a variety of applications, and, that those machines would be linked together in a world wide network, were never even considered. Instead, futurist scenarios frequently presented a world of very few, very expensive all powerful computers the size of large buildings, used only for divining answers to complex problems beyond the ability of man to solve on his own!

  3. One thing I hear a lot, that I don't think is right, is that people keep saying you can just load up your phone with as much bitcoin as you want and just take it across the border to another country. Although it might sound like it works that way, I think that it is more like the bitcoin just stays on the network and you can access them anywhere you have internet access. I keep thinking that it is more like carrying your bank card across the border, where it doesn't mean you are taking your whole bank balance with you, but I never hear it described like that so I'm not sure about it.

  4. @aantonop like always a superb video from you. Is it possible that the SHA-256 algorthimic of Bitcoin has some backdoors in it? So that the Governments could control or manipulate it? I mean since Years the Gov. tries to exclude cash so that we only use cashless systems so they can control us. What if the Gov. made Bitcoin for an experiment so we can start using a cashless system but if you think if btc has some backdoors in it it would be catastrophic. Thank you very much

  5. If you are for the movement: pleas read.

    I m a customer at litebitt and Bittrex
    I was checking my adress of my coins on the blockchain. This was 3 weeks ago. I saw that my coins were moving around from my adress to a different adress. So i panick out and called the customer service. The told me that as long as i have my funds stored inside there exchange the are allowed to move the coins. So i told him that i realy dont like this what the are doing. Thinking now back this is the reason the value of the coins are going down. This exchanges cordinate together and just are selling the first buy of a customer on a higher price to someone who is coming day after on a lower price. That way this exchanges dont need to buy coins to fill up there stock. I have taken out al my funds from the exchanges. And i hope a lot more people do . That way the cant fool around with our coins and the need to buy again. That way we would get higher. So in my opinion we will rise with prices if al people just take there coins out of this exchanges. You have a ipad, you have a pc you have a laptop you have a mobile you have a usb you have pencil and paper. You have so many options to take your coins out and take them in your own privacy. But people just let them on exchanges. This are mostly people who bought in just for the fudd and cuz the prices fall down , the dont know what to do with there coins and leave it at exchanges. And the dont understand the are helping the exchanges set the price lower. I think there is a long way til people understand what it is to have your own privacy and own rules on your own money. The are stil in slave mode and dont change with the revolution.

    thnks for reading and i hope you participat with the movement of taking the coins out of exchanges yousing it or just taking it out and saving it somewere so you have your own keys. And not leaving them at exchanges so this hole market gets rapedd bye this fukers who take advantage of the situation. We didnt create and participat in Crypto market to see it fall down like the OLD market.

  6. This sounds crazy cool. But what I wonder is whether that is a killer app for crypto, though I wonder mostly out of my ignorance. Is something like that really not possible with the traditional financial system?

    I ask this because every time I think about these kinds of killer apps for bitcoin, I'm not convinced that something like that would be unique or exclusive to bitcoin and crypto in general, and it makes my mood plumet.

  7. Hi aa u missed a pithy finish. The last senrence was ripe to be said this way as a meme: we ll give them a discovery of use of money they never imagined, for people who didnt even realize they needed them but now they can't live without!

  8. Technology is an applied science, i.e., it translates the discoveries of theoretical science into practical application to man’s life. As such, technology is not the first step in the development of a given body of knowledge, but the last; it is not the most difficult step, but it is the ultimate step, the implicit purpose, of man’s quest for knowledge. ~ Ayn Rand, The Objectivist, Sept. 1969, 9

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