How will Bitcoin’s infrastructure scale to an everyday currency? When will a business model of small retail transactions make economic sense for cryptocurrencies? What stage of grief are the banks at now?
This question is from the patron-only live Q&A which took place on December 16th 2017. 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.
THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8
[NEW] THE INTERNET OF MONEY, v2: https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/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
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What do you do
The biggest "terrorist" I know is the banking system and Wall street, look at what is the definition of "Terrorist" and compare to what banks did back in the 30's and now.. problem is, "We The People" are silent about it.. this shit will not fly in any Civilized country, its just here we let them and po0liticians to destroy us, get Crazy wealthy at our account.. sad.. and the swamp is still.. Full. Sad
There are some platforms to use it in everyday life, we just need to popularize this mean of payment. e.g Alphateca is nice to work with as for me.
another great Q&A video Andreas. Thank you so much!!!!
Andreas, in your opinion, what would help Bitcoin to be adopted my masses, hence reducing volatility, provided we have LN up and running smoothly with very tiny fees?
will Bitcoin ever become a "stable coin"
'Self-deception' is the most highly-developed and oft displayed of the Humanistic Arts…
Microscopic charges are already available in Bitcoin Cash. Why not say it? Why change the product with layers and layers of needless technology?
Thank you for all your shared knowledge and effort. You're at the fore front of marketplace validation.
Unix epoch time stamp and bitcoin mining?
I am not really clear in what this does and why, also what happens when Unix Epoch runs out 2038 and bitcoin mining doesn't end till 2140.. What will be used instead??
Banks launder 98% of the money, good that these criminals go bankrupt soon
I wish more people would talk about the Infrastructurelt out worldwide. Without infrastructure worldwide
lightning ( lightning factories), schnorr signatures, MAST, IBLT (faster blocktime – down to ~30s)… Bitcoin will be everyday currency
Less traders. More merchants. A lot more users.
90% of the exchanges need to be shutdown, boycotted, abandoned, or for the new ones popping up everyday, never used.
Exchange price is an artificial price. The sooner people realize this, the better. Mass adoption will finally be allowed to happen.
Je peux vous écouter en français
Greatly appreciate you man. I wanted to see if I could get your thoughts on Token Pay TPAY?
As ever, the great Andreas Antanopolous nails it! One of his best pearls of wisdom was when said “Hell yes!” to the possibility of the fiat banksters throwing everything at Bitcoin to stop it, a few years back and isn’t that just what we are witnessing. I am a happy holder!
I want BTC for large purchases such as $3,000+ transactions. Appliances, boats, cars, houses. I recently offered to accept euro or Bitcoin when selling a Summer cottage.
btc backed currency allows more flexibility very much like a gold backed currency making it less volatile but used as an asset to back up without increasing inflation why this works bitcoins limited supply it is more scarce than gold on a 1coin – 1 ounce basis
Is ripple the devil?
excellent video as always!!!
What effect will the Blockchain have on the jobs overall? Will it not decrease the amount of jobs by millions?
Thanks!
NANO is ready for mass adoption
Bitcoin will be the best ideal store of value and speculative asset… nothing will complete with it and so moving monthly amounts of value into spending wallets will make more sense.
I don't believe the bitcoin blockchain will survive but perhaps the unit of account will live on another consensus system.
Hi Professor! What about continuous pumping by 'state' eg injections to public health funds etc? Could this be a use-case against volatility?
Love it…
until BTC, to be a daily RETAIL option,
1 BITCOIN needs to have $TRILLIONS MARKET CAP for volatility control
2. lightning network needs to work, and be trusted, and stable
3. Be recognized by financial institutes, or governments around the world (not all, but enought to unsettle the others,)
4. $20 smart phones, for mass adoption/use, untill the unbanked become able to access it with ease, then we are stuck.
5. THE MOST IMPORTANT PART. TRUST, PEOPLE NEED TO TRUST IN BTC
you could fix 1to4 but without 5, then we are still swimming against the tide,
BUT, THE GOOD NEWS IS….
LIKE THE LATE GREAT, Mahatma Gandhi said,
First they ignore you, then they laugh at you, then they fight you, then you win. Mahatma Gandhi,
We are currently at laugh at you, and heading towards "then they fight you"
Centralise.
Regulate.
Manipulate.
Control.
Is this video 4 months old? Or is it just a 4 month old question? 4 month in crypto world is like 4 years.
There are already decentralised coins that are scalable with free transactions more suited to micro payments. Surely Bitcoin should stick with being the transfer medium of high value or digital savings?
Thank you A.A.
Thank you for your insights and hard work
Much love from the Netherlands