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: https://www.hoshocon.com
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.
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MASTERING BITCOIN, 2nd Edition: https://amzn.to/2xcdsY9
Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/
THE INTERNET OF MONEY, v1: https://amzn.to/2ykmXFs
THE INTERNET OF MONEY, v2: https://amzn.to/2IIG5BJ
Translations of THE INTERNET OF MONEY:
Spanish, ‘Internet del Dinero’ (v1) – https://amzn.to/2yoaTTq
French, ‘L’internet de l’argent’ (v1) – https://www.amazon.fr/Linternet-largent-Andreas-M-Antonopoulos/dp/2856083390
Russian, ‘Интернет денег’ (v1) – https://www.olbuss.ru/catalog/ekonomika-i-biznes/korporativnye-finansy-bankovskoe-delo/internet-deneg
Vietnamese, ‘Internet Của Tiền Tệ’ (v1) – https://alphabooks.vn/khi-tien-len-mang
MASTERING ETHEREUM (Q4): https://amzn.to/2xdxmlK
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/)
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With hard money there's no need for vote. Paying for it is voting…
Brilliant
ur a pimp
watched , liked & shared = true ;
Greetings from Kenya Africa
Not agree with what he said about Greece and European Central Bank
Thank you Andreas!
In terms of understanding, there really isnt much difference between blockchain and banking…only 2% of ppl understands how it really works.
I like before watching. LOL
I love Andreas!!
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?
Incredible speaker of our times. Listen up people! You must be woken up!
Respect to you Andreas for mentioning central banks robbing national banks like in Greece and Cyprus.
I still dont understand why these video's dont have 100s of thousands views.
Smashed the like
Andreas, I hate the amount of spam you're getting in the comments of your videos. Please, have someone moderate them and remove the scammers. At least right after you upload.
Lol "red Goldman Sachs vs. blue Goldman Sachs". Sooo true..?
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.
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?
Thanks Andreas.
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.
Andreas …what a wonderful truth teller!
The last statement he made hit home… it’s an illusion.
Thank you neighbour. Another brilliant one
Custodial with multi-sig requirements might help reduce the systemic risks