Keywords/phrases: Risks with centralised custodial exchanges. There are small-scale solutions of online decentralised exchanges (ex. Bisq, formerly Bitsquare) and offline decentralised exchanges (ex. Local Bitcoins). The best way to get bitcoin is to earn it through the expenditure of your labour, which you have now removed from the war machinery of the state.

This talk took place on September 13th 2016 at the Silicon Valley Bitcoin Meetup in Sunnyvale, California: https://www.meetup.com/Silicon-Valley-Bitcoin-Users/events/232546018/

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12 COMMENTS

  1. I really respect Andreas's opinions, however I get confused buy contradicting messages. For example: he seems to support earning in bitcoin (removing money from the system etc.), but if you check any answer he gives in relation to investing in bitcoin, he very overtly says not to invest in bitcoin and that he only holds a very small amount of bitcoin himself. So on the one hand he encourages people to move to the bitcoin economy, yet he hedges his advice in case of catastrophic failure. Don't get me wrong, I love watching him speak but I'd like to get a more definitive view from him.

  2. For developers who enjoy pair programming or tutoring, codementor pays in bitcoin using coinbase.

    I personally enjoy that kind of thing, so it's nice to help someone out and get a bit of bitcoin here and there. I wouldn't bank on it as a source of income since work is unreliable and it's mostly students which I can't in good conscience charge very much, but it is pretty gratifying work, and does add up to something.

    If you're in a generous mood and found this helpful, and would like to give me a kick back, I'll put a referral link on my channel about page

  3. I think centralized exchanges have an aspect even worse than being 'custodial'… the fact that they identify you and your BTC trail. This is creating the dystopian tracker-coin that we should all fear.

  4. localbitcoins has central arbitration. unless you leave 0.1 BTC in there to keep you local ad on, and trade outside escrow when you meet up.

    Paxful is similar to localbitcoins.

    bitrated allows a person to select their arbitrator, but it is still a central site.

    mycelium local trader (Android only. iOS is wallet only) is decentralized . no arbitration or escrow.

    openbazaar is also decentralized and you can select an arbitrator.

    a multisig wallet and an ad somewhere would also be decentralized, but not common at all.

  5. Buying Bitcoins at an exchange is fine. STORING Bitcoins on an exchange not so much.
    Buy your Bitcoins, and move your BTC elsewhere. That's what the pros do, if they do not earn their Bitcoins, as Andreas just mentioned.

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