Bitcoin Q&A: Does the price matter for adoption?

It's kind of both at the same time. As it grows in value, people will be drawn towards using it, and as it becomes more useful it will grow in price. It needs to be both to actually encompass a large crossection of markets

Don't mistake HODL for being arrogant and watch your investment grow you wealth. If you only HODL and watch other projects evolve better and faster, you'll be HODLing for exact doing nothing, you're not helping this great movement. Build, educate, learn, mine, develop, support positive minded people and projects in the space. Do not only HODL and crack down other people and projects.

day after day it is the same thing talk and graphs mean nothing progress and people making money does. and i see none of that.all you have is a system where people invest money and then when it builds up it gets stolen by a hacker.where is the safety and profit in that?

So proud that Andreas is here to explain in detail, and with passion, what Bitcoin will do for our world.

So sad to see Roger Ver doing video's and totally making a fool of himself.

I don’t agree. Price increases leads to visibility, publicity, community growth. This attracts more people to start developping in blockchain instead of focussing on other stuff, leading to a snowball effect of further development. Without the big headlines from the crazy bullruns, you have a much more limited audience and thus also limited community of developpers. Its like silicon valley: huge IPOs, marketcaps, newspaper headlines lead to everyone wants to work at silicon valley, so now you have all the experts there which are able to further accelerate growth exponentially

I've been in so many debates about how useful Cryptocurrency is and I always point out that Junkies are always going to need their fix and the darknet markets primarily transact in Bitcoin but people are like "but a currency that's only useful for hiding your illicit black market profits is still not very useful"

Well I used Purse.io to Buy this laptop and kicked up the the Savings to something like 22%. I saved nearly 250 dollars on this Laptop ordering it that way. The Device I'm WRITING this comment on was severely discounted because of how I ordered it.

Yeah what Cryptocurrency needs is people to engineer wallets that are more intuitive for instance. Maybe Aliasing Bitcoin Addresses to names for instance so that people don't get confused. The whole public key aspect of a Bitcoin Wallet is kind of counterintuitive for end users.
We need more On Ramps into Crypto and that sort of thing. More off ramps too as it's difficult to get money out.

Aantopolos is absolutely correct. Especially where he says Bitcoin is primarily an English language phenomenon when the places where it's most needed speak Spanish or Portuguese. We need Bitcoin ATMS in Latin America and especially in places like Venezuela and Argentina in Spanish and Portuguese etc. He's damn right…

How do we ask him questions? Must you become a patreon member? Or does he have a twitter post?

Andreas is right about everything he says in this video!

Hey Andrea, I have a question: Are all altcoins calculated based on bitcoin or what? If so, then why? …So, say for some reasons, people start selling their bitcoins massively, yet not one person is selling his/their ether. Will ether still get punished by diving lower just because it's bitcoin's fault? If the answer is "Yes", shouldn't it be considered unfair? And what if bitcoin drops all the way to zero, and still nobody wants to sell their ethers? Wouldn't be ridiculous to explain if ether gets wacked for no reasons at all? Now, at this point, where are all the usd/s that were deposited to purchase ethers? Nobody cashed out, in this case … So, why not create a crypto measurement? And let's call that measurement Nakamoto. So, since the measurement is to be adopted today, to keep it simple, let's say 1 btc = 2,630 nakamoto, and 1 eth = 200.57 nakamoto. To usd 1 nakamoto = 1usd, but it is not tethered to usd. Overtime, as usd or other fiat currencies will continue to lose value, a gap will become obvious. Ok, from now on, every national currency or crypto coins will be measured in nakamoto. From now on, 1 nakamoto is ground zero to any currencies out there. Hope the btc drag-through-mud problem can be solved. From now on any movement (up or down) on any currency, whether usd, yuan, btc, or eth will be on them against nakamoto.

I still don't understand why Andreas Antonopoulos doesn't have 1M+ followers…

Keep buying hodl and watch as people panic.

Crypto NEEDS to be DUMB easy…look at netflix..snap…insta..facebook a damn chimp can use it. Cyrpto? ain't no one knows really how to use besides nerds. Coinbase makes it kinda easy but most still don't want to sign up

Phoenix has arrived. Liquid just been initiated watch out swift bitcoin is coming for you. Etherium and xrp not needed anymore watch this space

One word Radixdlt p.s. everyone that have curiosity DYOR (do your own research) on internet and when you understand can thank me later.

Andreas thank you for those videos. Long live Bitcoin!

Dude thanks for your talks

I think this is First and only AA video where I almost completely disagree with him.

BitCoin should be pushed TODAY to be used in commerce. I want to use it in commerce. Everyone in crypto wants to use it commerce.

What good can come up from AA message not push for merchant adoption?

Problem is that BitCoin has a bottleneck of small transaction output and that is the only reason why AA is advocating against merchants adoption, because he knows that bitcoin can’t serve that role today.

Just wait until LN and Liquidity gets working and some traction, AA will push for merchants all day long.

Mpesa works well because people who live in rural area can send and receive money from their phones without internet access. Bitcoin will take time to catch up because not everyone has internet access in the world

One of your best Andreas

Everything you say is so well put together! Thanks for the uploads and informing the people!

i still have to go to bank and other financial institutions befor i can buy bitcoin or cryptos

3056 people are watching this? I think maybe we are the exteeeemly early adopters! Just Hodl…forget about it and wait for 5-10 years

Can't tell you how much I love this guy without sounding too gay. Not that there's anything wrong with that 🙂

Today the LN can guarantee 5 cent transactions which corresponds to the price of 1 BTC in the very beginning in 2010. How likely is it for the LN capacity to increase as quickly as the price of BTC did in its early days? (Just 3 years later in 2013 it got to $100 which would be a useful tech any way you slice it!). Is it likely that the growth rate would be the same or is the comparison a complete nonsense? Thanks!

Yasooo Patrida, my HERO, I always wondered why didn't you go to the Congressional Hearing, rather than that man who said Nothing? What a fool. Keep it up Patrida, Thanks

It's what I usually say: the value doesn't really matter but the ecosystem does. No ecosytem = No use of cryptos
Some like Bitcore are more focused to create an ecosytem about and then the value will come naturally

You make more sense, more often, than everyone in the space, put together… !!!!

Damn. I love his talks. Everything he’s telling us we need for adoption… we are building!

Smashed the like

You are the best Andreas. It is because of you that I started my educational channel Bitcoin, Blockchain y Cripto en Español https://www.youtube.com/channel/UCNktn2HD-NY1sLoa5ioMq5A

The goal would be to ultimately use Bitcoin or Crypto as FIAT is used now ……however its value needs to be stable ……how do we do this ?????

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Where's the guy that smashing the likes gone?

Price as well as size matters…but at 6k…bitcoin is worth shitloads…it's possible bitcoin will never be below 6k ever again..RIP USD..

HODL! we are in the infancy stages of the crypto market, bigger things to come!

If(andreas) likes++;

Bitcoin can't even handle mass adoption right now. We saw what happened in January and that was like a million people trying to use it. 600k tx a day is nowhere near powerful enough. So we need the lightning network before mass adoption or it's another black eye for bitcoin with millions of unconfirmed transactions and huge fees.

Isn’t it also that 3.5 bil people live of less than 2.50$ per day? So they simply don’t have a bank account b/c they have no fiat. Earning that little, bitcoin tech. as it is now wouldn’t be able to help. What should they do with 30cents worth of btc? I don’t see the use case for all of these 3.5 bil people as of now.

Thanks Andreas!