Do custodial “crypto-banks” and systems threaten bitcoin’s potential as hard money, and the financial stability of nations? Being a banker, having a banking license, or being a financial regulator makes you a great thief. Can blockchains change governance in governments? People are misusing the term “blockchain” to mean “database,” and fundamentally their business models are not about decentralisation. The problems in democracy have more to do with voter disenfranchisement and apathy about the blue vs. red Goldman Sachs.

These questions are from a talk which took place on October 11th 2018 as part of the three-day HoshoCon event at Hard Rock Hotel in Las Vegas, Nevada:

If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron:

Measuring Success: Price or Principle –
Why Open Blockchains Matter –
Decentralised Globalisation –
Investing in Education instead of Speculation –
Beyond Price: Bitcoin’s Impact on the Future –
Why I’m against ETFs –
Regulation and the bank boycott –
Wallet design and mass adoption –
Mass adoption and peer-to-peer commerce –
Scaling strategies and adoption –
Price volatility and store of value –
Why I earn bitcoin instead of buying –
Job opportunities with cryptocurrencies –
Inspiring cryptocurrency projects –
From barter to abstract money –
Crossing the chasm of theoretical vs. real need –
Remittances and smuggling in Venezuela –
How long until mainstream adoption? –
What is the biggest adoption hurdle? –
Bitcoin as everyday currency –
Hyperbitcoinization –
Why permissioned blockchains fail –
How to avoid re-creating systems of control –
Is bitcoin testing governments? –

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

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.

Subscribe to the channel to learn more about Bitcoin & open blockchains; click on the red bell to enable notifications about new videos!


Translations of MASTERING BITCOIN:



Translations of THE INTERNET OF MONEY:
Spanish, ‘Internet del Dinero’ (v1) –
French, ‘L’internet de l’argent’ (v1) –
Russian, ‘Интернет денег’ (v1) –
Vietnamese, ‘Internet Của Tiền Tệ’ (v1) –


Music: “Unbounded” by Orfan (
Outro Graphics: Phneep (
Outro Art: Rock Barcellos (



  1. I always enjoy and share AA talks – did he go into more solutions to the problems presented here? I surmise that it involves educating the masses, making key management easier, exposing gov’t corruption in ways that don’t get us killed, sending small amounts of crypto to our political leaders so they are forced to disclose and incentivized to care, address scaling, learn to work together wrt governance and consensus… what am I missing?

  2. For the record Bundy is basically a robber baron. A rich man/family with significant land of their own who wants to use public land to the detriment of the public and for his/their own profit.

  3. Andreas missed a great opportunity there. When talking about political speech. His answer was way off. The bro was asking how does someone in government who believes in sound money and bitcoin implement it as acceptable form of payment. How does this freedom lover turned politician promote bitcoin on his platform?

  4. As a 4 year long boitcoin and Andreas believer, I feel I do have to push back against his sentiment against crypto-banks. It'll be fine. Markets can perfectly well keep the banks honest. There isn't a problem. Some of them might overextend and go under during a contraction. A decentrilzed problem, non issue. I don't give a shit. Key custodian ship is hard work that the large majority can't afford. MAYBE we'll get easy key management and large transaction capacity without crypto banks. Sounds nice, sure. Or I'll just pay 0.5 cents per transaction to the custodian bank that's keeping my keys.


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