What are your thoughts on Facebook Coin and JPM Coin? Are you worried about the prospect of corporate or central bank coins? What will their impact be? Will they compete against open blockchains / cryptocurrencies? They are not the solution to the problems that Bitcoin is addressing, they are just another form of broken centralized currencies and financial systems.

WARNING: Mr. Robot spoilers!

These questions are from the February monthly subscriber session and the fifth session from MOOC 11, which took place on February 23rd and March 1st 2019, respectively. 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

NOTE: Apologies for the quality on the first half of the video. The settings on my mic were not correct and I had no other backups.

RELATED:
Measuring Success: Price or Principle – https://youtu.be/mPMsbgWl9p4
Bitcoin and the Banks: Five Stages of Grief – https://youtu.be/43Ucj6_Erb0
Escaping the Global Banking Cartel – https://youtu.be/LgI0liAee4s
Money as a System-of-Control – https://youtu.be/FyK4P7ZdOK8
What is Consensus: Rules without Rulers – https://youtu.be/2tqo7PX5Pyc
Bitcoin Security: Bubble Boy and the Sewer Rat – https://youtu.be/810aKcfM__Q
Why Open Blockchains Matter – https://youtu.be/uZPIz3ArQww
Why permissioned blockchains fail – https://youtu.be/GEQzlJ_WL-E
How to avoid re-creating systems of control – https://youtu.be/EfoGnDoaBL8
The QuadrigaCX scandal and counterparty risk – https://youtu.be/xsrF0szpS0I
Do “crypto-banks” threaten hard money? – https://youtu.be/Ps78g2_3_6o
Governance and social attack immunity – https://youtu.be/PjOHatoX6Fk
Privacy experimentation and the luxury of laziness – https://youtu.be/4GoPRNFr2YQ
State-sponsored digital currencies and trust minimization – https://youtu.be/dSpFbg7jlDw

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.

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

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/)

source

22 COMMENTS

  1. "Bitcoin's difference is freedom: Open, decentralized, neutral, borderless, censorship-resistance"

    Understand and Memorize this, guys / girls, the rest will follow.

  2. But doesn't the danger to btc come from the fact that they will still me marketed and sold as cryptocurrencies? I mean will market dominance of btc be lost to Facebook coin and what effect will that have on btc? I'm sure like other stable coins they will still be counted as crypto's. How will this effect the market? Just curious what you think.

  3. Privacy coins have their own value. Jp morgan and company coins are already presumed to be valuable with out the hard work of of setting up the coin. Thats why i have thrown my money into top notch privacy coins like deception, pivx and monero.

  4. Bitcoin become semi controlled
    by Exchange the easiest way to acquire BTC
    all exchanges apply KYC
    what I don’t understand why Bitcoin need controlling exchange
    as long as the exchanges are the easiest way to get BTC
    The mass adaptation will never happen

  5. See I think that everyone is missing the MASSIVE significance of Facebook and JPM coin. In 2017 $40B would rush into the market on a rumor that Facebook acknowledged a Bitcoin tweet. Now they have both fully acknowledged that crypto is the future of money and want to Tokenize the world, but no one cares? ROFL. Peeps please understand that a semishitcoin filled semi-Utopia is a hell of a lot better then no choice!!!! We may never change the % of fools just the % of users and the % of freedom and % of majority represented! Choice IS freedom so Shitcoins MUST exist to represent our freedom. Being forced to use a currency with infinite discretionary supply and int rates is literally slavery. SO please unite to get rid of USD i.e. the #1 problematic shitcoin first!!! THEN after we can talk about the quality for JPM coin!

  6. Q. Can a government shut down Bitcoin and crypto ? A. Yes
    Q. Can a public blockchain be compromised by a 51% attack and/or 2/3 of the nodes being bad actors? A. Yes
    Q. Does anyone really know the future of anything? A. No
    I am invested in Bitcoin and many others. I see the potential benefits but I’m also a realist and see the potential dangers. Ive learnt the hard way to never ever lose sight of the potential dangers by rationalising my way out of them. It pays I think to remind ourselves of both potential benefits and dangers. On a separate issue I would be interested to know Andreas’ thoughts on MMT Modern Monetary Theory and how it might impact crypto. I’ve done my research into this new way of thinking and must say I like it a lot and from what I can gather I’m not alone. Andreas?

LEAVE A REPLY

Please enter your comment!
Please enter your name here