What is the difference between Bitcoin and “blockchain”? Blockchains are only one of the foundational technologies. In an attempt to co-opt the interest around Bitcoin, companies and governments are trying to circle the square by creating centralised and permissioned versions while entirely missing the point: decentralization.
This is part of a talk which took place at Pebble Beach for the Capgemini CXO Forum on November 1-3rd 2017 in Monterey, California.
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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
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/)
source
Some might get rich quick as well, but if they don’t know how to manage money, in few months/days they will be back on same point they were before.
Anton has something for horses lol.
Great talk as always!
Χαιρομαι παρα πολυ που καποιος ελληνας μας κανει υπερηφανους για την ελλαδα,μετα απο ολα αυτα που μας εκαναν να την σιχαθουμε
you always look at things in a new way. thx for all you do for btc and crypto.
It seems to me that the blockchain owns all bitcoins forever. When I buy a bitcoin I buy a usufruct, but never an actual bitcoin or I could remove my bitcoin from the blockchain.
A moot point in bitcoin, but in tokenized assets with a distributed blockchain I am reduced to unsecured creditor status. Comparable to having a registered stock certificate vs. an brokerage account statement where the asset is owned by Cede, Inc and I am an unsecured creditor with an iou called an account statement. In tokenized assets, the blockchain is Cede, Inc.
Where am I right/wrong?
Soooo Blockchai is going to be a fad for nerds or is going to be banned if mass adopted?
Tell me if I'm wrong, but this is what I'm understanding so far and it does not sound like the concept of decentralization will ever work (though a great thing to dream about like a utopia)…
1. decentralization will lead to many many types of currencies (as we are seeing now with 1300+ digital coins)
2. since everyone and anyone (hypothetically) gets a say on the value of each digital coin, digital coins will continue to fluctuate daily based on how popular each coin is via SOCIAL MEDIA, instagram shoutouts, tweets, advertising, etc. (no stability)
3. so basically, since social media (the popularity contest) will control the value of a digital coin – because there is no central party doing so – the volatility will always be there and render it pretty much useless/unreliable on daily basis
4. there can never be just one "bitcoin", as the technology can be duplicated and another bitcoin copycat can just be created out of thin air (as we see now)
5. if there ever is the-one-the-only digital coin, wouldn't there only be a few who ends up holding all those coins (like they are now – these damn whales). again, these whales would control most of the wealth (let's not kid ourselves, at the rate it costs to mine a bitcoin now, soon only corporations will be able to afford mining them, plus cheap Chinese labor/electricity costs such as in China now)
6. also, this one and only coin would only have value based on what it's worth compared to the the dollar. once everyone on social media votes this coin worthless cause of these greedy whales, a new coin will become the big boss and the cycle starts all over again. (no stability)
7. my point, I am starting to feel like these "decentralization" guys don't understand the true reality of 'decentralization". CHAOS, INSTABILITY, the wild wild west on the world wide web, then in the real world.
8. there is a reason why we live in a civilized nation, because we have rules and laws that are centralized, same can be said about our current currency.
9. i don't think a decentralized currency will do what these people are hoping it will, but i hope i am wrong.
My man, always delivered. So glad I donated.
Bottom line is that Bitcoin is just a bunch of numbers (as are all other digital currencies based on the Blockchain) and no matter how much it costs to find these numbers, they’re still just numbers. So if these numbers can’t be used for anything meaningful, then what real purpose do they serve? What else could one use these numbers for? At least empresa can be used to make phone calls and has a use. So why should ANY digital currency that doesn’t come with a built in commodity be worth anything at all? The answer to these questions should tell anyone out there the true value of any digital currency. In my humble opinion, any digital currency that does not come with an inseparable commodity, is simply playing the FIAT game. Even Bitcoin Gold which is supposedly backed by gold today, may, just like the dollar, one day not be backed by gold. Perhaps the future for digital currencies lay not in one dominant currency, but in thousands. Think in terms of buying electricity in advance at a known value in the hope of saving money in the future. Perhaps then we’re all destined to become traders in the futures market of whatever commodity we have a use for? As for the contract side of things, well that’s just a decentralised database and would anyone want to invest their hard earned cash on say a bank’s database or a database of property owners and what property they own?
A true (un)polished multifaceted passionate Crypto diamond!
Modern Robin Hood of Economy. Well educated, interested, experienced Metaphorical connecting our financial past and future from with passion!
From Technical, Biological, Medical, Economical, Anthropological and IT perspective. Very enriching for navigating (financial) life! Greeting from Amsterdam
Here now I declare Andreas M. Antonopoulos as The God Father of Bitcoin and Blockchain
It's interesting to hear that blockchain and bitcoin are sort of working in harmony together. The bitcoin ensures the security of the blockchain. Extending the blockchain rewards the bitcoins.
A good video to link whenever someone throws out "blockchain not bitcoin".
Thank you Andreas.
His teachings will ring on for centuries to come. A true revolutionary
wow that made so much sense to me!
Thanks for everything man, you're the real MVP!
That sweet horse-car analogy at the end…
Congratulations on 100K subscribers!
I think that means you'll be getting a silver play button in the mail from YouTube soon.
Would be nice to see your vids on DTube so you can be directly funded (with Steem) sans going through Patreon's fiat system.
decentralized or distributed? There's a fundamental difference in both. Bitcoin is distributed (aka the blockchain). Not fairly distributed i give you that ahah.
+1
Love it! Great explanation
Thanks for your visit to the Canadian Senate, it was incredibly helpful, please come again!
Not even banks disliked this video.
Happy Crypto New Year Andreas !!!!!
…your videos were the very first i listened to and now im a crypto soon to be a 2018 multi Millionaire thanks to listening to you 🙂
Prodigy
Can you explain/Talk about BLOCKCHAIN vs HASHGRAPH? Thank you! Your awesome.
Excellent video as always
Thank you. I Rely on your lectures and tutorials as a part of my ongoing bitcoin and cryptocurrency training.
Hungry to learn everything I can about this space and your content is without doubt the most digestible I've come across. I believe that one day your talks will be taught in schools… I found a tweet from April 1 2013 where I was recommending BitListen. If only I'd really been listening then, who knows where I'd be now.
He really nailed it with that simple analogy
Nails it yet again