Companies are going to have a hard time in the currency wars, especially ones which deal with gold, jewelry, electronic goods, or foreign exchange. This is already in opposition to the nationalist plans of our leaders. There’s no Venezuelan Coinbase; all bitcoin exchange is person-to-person (or rather wheelbarrow-to-wheelbarrow). We’ve learned something interesting about exchanges based on events in China, because why have they not been shut down? When they had their bank accounts shut down, they bypassed the banking system completely and sold paper vouchers in grocery stores that could be redeemed for bitcoins. And often the first people to try to get out are the people who wrote the law.
This is part of a talk which took place on December 3rd 2016 at the Coinscrum {MiniCon}, hosted by Imperial College in London, England: https://www.meetup.com/coinscrum/events/235709468/
Watch the full talk here: https://youtu.be/Bu5Mtvy97-4
RELATED:
The War on Cash and Crypto – https://youtu.be/BAlRKfvBnvw
A voluntary alternative to mandatory currencies – https://youtu.be/5ogv3Eya9nQ
Alternatives to centralised exchanges – https://youtu.be/3jmeJjhH84s
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-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8
MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042
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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/)
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actually venezuela has some exchanges like SurBitcoin and Bitinka sure they have their bank issues but only with one and they have several other bank links. Cryptobuyer.
Is directed acyclic graph used by byteball a better technology than blockchain?
Andreas,, thanks for mentioning Venezuela..!
A.A. When are you coming to Vegas or the west coast of USA? I'll be there. Thanks.
Absolutely fantastic. I've learned so much about BTC from watching your videos. You are truly blessed.
@2:45 AA: "The beauty of this is the first ppl who try to get out…are the very ppl who wrote the fucking law!", on Politbureau (Govt hacks) exiting local currency to enter into BTC.
Awesome video man! Thanks for opening up the comments, i bet you feel a lot better about not getting creepy PM love letters from me anymore!
Great!
this is gr8