Bitcoin Q&A: Are we the early adopters?

When I saw the Marvel film "Ant-Man and the Wasp", there's a part when a character says that the quantum technology they're developing is "bigger than cryptocurrency," and I was like "WHOA! Did he –? Did they just –? Well, okay, then." I agree that we're still in the Lunatic Fringe phase, but the early pre-dawn glow of the Early Adopter phase is on the horizon!

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Why would anybody ever downvote your videos…..I love the way you think, and speak about Bitcoin/Crypto. One of the smartestpersons in the field.

Gulden (NLG) Pow2 network :

PoW² advances our blockchain to a new era, bringing levels of security vastly in excess of anything seen before, the power of Proof of Work enhanced with the power of currency holding witnesses. Finally a blockchain that is not just "mostly safe" but is completely out of practical reach of attack by even the most wealthy and determined attacker.

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i love AA… But i love PHX token way more… i need to put food on the table and i love my familiy .. thats why i buy PHX

In 2007 the first iPhone was released. Just over a decade later virtually everybody on the planet has a smartphone. Factoring in the currency crisis we see in Venezuela, Zimbabwe, Turkey and other countries, I doesn't seem far-fetched that crypto could go mainstream in an even shorter timespan.

Hi, Andreas, I talked to a guy who's deep into finance and traditional markets today and he asked me a lot of questions about bitcoin and crypto in general and I answered all the technical questions but on some other questions I couldn't find the answer.
For example, let's say we are in a situation many years from now and bitcoin is the global currency. His questions were: what can we value bitcoin against if USD is obsolete? If governments need to fuel more money into the economy, is it possible to borrow money to do that to level things out, to which I answered that bitcoin's supply is limited to 21 million coins, and that it's not possible to "print" more bitcoin to pay debt like that's the case with USD. Also, what will ensure that people are getting equal value with their paycheck each month if they are getting paid in bitcoin (or satoshis at that point)? And what about the value of for example real estate against btc?

So I said that I'm not sure if bitcoin will even need to be valued against anything if it's a global currency. Could you explain some of it if it's possible or is it just a situation and we'll have to wait and see? I'm sorry for the long comment 🙂

please, early adopt me ?
I want to download your brain ?

Andreas you really are a voice of clarity and reason in a space that has so much noise and fluff. I've been re-reading "Mastering Bitcoin" over and over to understand concepts at the visceral level so I can at least explain it to friends and family. Maybe in a future video you could share some resources for learning more about distributed systems? Think it would really help contextualize some of your writings about Bitcoin and blockchain tech.

Great video Andreas – I do agree that we're still in the "early lunatic" phase and it'll still be a few years before it gains mainstream traction. It would be very interesting to see what parallels / differences there are between adoption of the Internet and where we are with current Bitcoin and blockchain adoption.

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The lunatic fringe is bang on. That's how I feel when I try to speak to most people about it & most certainly how they view it. 🙂

Oh snap, I'm one of the lunatics again.

The only Issue I have with his take on if "we" become the mainstream is the psychological impact that Bitcoin's price has on people because of its price. What does average Joe think when Bitcoin breaks past $20,000 and sets a new all time high and then crashes down and falls at support of >$20,000. Would love to hear your guys' thoughts.

synth from skycoin says he used to work on bitcoin back in the days, do you follow what skycoin are doing these days ?

U.S. currency is still the #1 choice of criminals World wide, unless things have changed just recently. That's because U.S. cash is accepted practically everywhere (or easily converted to local currency – even in remote areas).

Wow amazing video ..please i hope to said me your opinion about Apollo currency ( APL ) and thank you 😉

We are not drug dealers
??????

Yet another awesome video! The thing that has me excited about Andreas videos is that most of them hold general value, meaning they will be worth watching for years to come.
People in 2 years time who just getting into it will watch Andreas videos from nowadays. That's truly amazing. No one will watch Casey Neistat vlogs from today next year.

Your way of explaining crypto/bitcoin is fucking amazing. Your word selections are so great and effortless. I also understand that its decades of your passion about technologies… Thank you for being there.

Why are you so impressive ?

I think we are in the mindspring days

Still early, very early

Ever since I heard of Bitcoin I started watching your videos and following you
You're an inspiration and your videos always give me positive energy and puts a smile on my face
You're a light in an age of darkness
Science & Technology will always defeat ignorance & corruption
Thank You and Cheers

What happens if quantum computing becomes mainstream before widespread adoption? Will quantum computing enable cryptography to be solvable?

You're a lunatic in a bear market. In a bull market, you are eccentric.