My response to Jamie Dimon’s criticism of Bitcoin as a “fraud.” Jamie doth protest too much methinks, because JPMorgan Chase was fined for mortgage fraud.
The world’s banks have never faced competition from the internet; the internet is now coming for banking. Industry leaders are going through the five stages of grief: denial, anger, bargaining, depression, and acceptance.
This talk took place at the SingularityU Canada Summit during October 11-12th 2017 at Evergreen Brickworks in Toronto, Canada: https://antonopoulos.com/event/singularityu-canada-summit-toronto-canada/
Are you a banker? I have a playlist for you: https://www.youtube.com/playlist?list=PLPQwGV1aLnTu45KFS6Sq6Z05qToY-n_k2
RELATED:
Bitcoin and the Banks: Five Stages of Grief – https://youtu.be/43Ucj6_Erb0
Money as a System-of-Control – https://youtu.be/FyK4P7ZdOK8
ADISummit: Self-Sovereign Identity Panel – https://youtu.be/DZbyiJqKT8c
The internet will eat your business – https://youtu.be/DXLZSgf4b8Q
Why developers are leaving banks – https://youtu.be/GqOZ4IAQ-xQ
Impact of smart contracts on law and accounting – https://youtu.be/K-TRzuPwJCc
Irreversibility and consumer protection – https://youtu.be/R107YWu5XzU
Who determines the value of bitcoins? – https://youtu.be/DucvYCX1CVI
Price volatility, pegging, stability – https://youtu.be/9KPyflyHP6s
The 21 million supply cap – https://youtu.be/AABkJ55Zz3A
ICOs and responsible investment – https://youtu.be/C8UdbvrWyvg
ICOs and financial regulation – https://youtu.be/Plu_WX3Gs8E
The end of vampire-squid financing – https://youtu.be/yyXOQG5iNWo
Separation of money and state – https://youtu.be/jGmtRA9S7_Y
A voluntary alternative to mandatory currencies – https://youtu.be/5ogv3Eya9nQ
HODLing and the “get free” scheme – https://youtu.be/MhOwmsW1YNI
Global financial crisis (GFC) – https://youtu.be/JU3gNC_ZPKM
Biggest threat to cryptocurrencies – https://youtu.be/MNXSDaD97x0
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
[NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388
Subscribe to the channel to learn more about Bitcoin & open blockchains!
If you want early-access to talks and a chance to participate in a monthly LIVE Q&A with Andreas, become a patron: https://www.patreon.com/aantonop
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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Wow!!!! Hahah that one blew my mind !!! Again and again thank you Andreas !!!!!!?
While there was autocracy, kings controlled their army and kingdom's currency. It changed to so-called "democracy" or "republic" that gave power to people to choose their king. This change took place with a lot of blood bath and gunfight. Blockchain is truly democratic which dilutes the power of institutions corporations and governments. So we can all expect a lot of resistance from the privileged. And with the weapons and arms government possess, the death toll will be much more.
You didn't answer his question
What is bitcoin's financial basis and intrinsic value?
Andreas talked about the 5 stages of denial so very well. We now know today, it is so true.
Andreas is king ?
Andreas is genius. His succinct approach is most appealing. He is communicative effortlessly and always to the point.
Absolutely great response.
hahaha i never knew pure common sense could be so funny.
THANK SIR, GOD BLESS AMERICA AND GREECE-ROMAN.
His intelligence reminds me of the channeler bashar
Love this response to the banks!
Crooked Wall St
Ant is on top of things
Let me guess, the six thumbs down were bankers…;-)
Ha! I had a chat with my local bank manager recently because I was borrowing some money to invest in cryptos. He had heard of bitcoin but didn't know anything more than that. I emailed him the URL for one of Andreas' videos and explained to him that he will most likely lose his job as a bank manager, but may well begin a whole new career as a financial adviser to people, helping them budget and save but also to pose questions such as "What is most important to you? What are your principles? Where do you want to spend your money?" There's new hope for bankers 😉
My first response to Jamie, considering what he had done, would be, “You’re still talking?”
This guy is one of the best speakers I have ever heard on any subject. A great Ambassador for BitCoin. No wonder they call him the BitCoin Jesus!
You are an excellent speaker and a great spokesman for this technology.
Fuck yes Andreas, fuck yes. <3
Awesomeness!!!!
Three weeks later Bitcoin hit's $17,000! Banks, start packing your bags!
We like blockchain but not Bitcoin.
lololololololol