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.
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Why Open Blockchains Matter – https://youtu.be/uZPIz3ArQww
Why permissioned blockchains fail – https://youtu.be/GEQzlJ_WL-E
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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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This man is Satoshi Nakomoto!!!
Why can’t I get out my money from coinbase? I live in Sweden. Can I get some help please?
"Bitcoin's difference is freedom: Open, decentralized, neutral, borderless, censorship-resistance"
Understand and Memorize this, guys / girls, the rest will follow.
Mic Drop ? ?
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.
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.
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
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!
blockchain from banks/facebook vs blockchain from bitcoin/cryptos <=> OS from microsoft vs OS from linux…
Its nice to see that facebook already open for cryptocurrency but im more for privacy and security. DeepOnion is the real answer to it and nailed it up to now.
When are you coming to Washington DC?
I wonder where the guy that used to smash the like for aantonop videos used to give every time disapeared…
On point as usual.
How do you stop these corporations from buying a majority share, manipulating BTC prices, etc.? Is this a problem? Seems like a big one to me.
What’re your thoughts on A
the Apple Credit Card?
Andreas there's another type of shitcoin on the horizon. Wait until celeb coins like Akons "Akoin" hit the market (lol).
Amazingly informative video, my favorite crypto teacher.
Mr Andreas how will government collect tax in a world where only crypto is available ? Thanks
Can you make a video on the EU Copyright Directive, upload filters and link taxes, please and how this absurd copyright surveillance will affect crypto.
Facebook coin, PayPal, Samsung Pay, Alipay….. this is all fiat money and ist no competitor for bitcoin
Crypto this and crypto that… just say it… b b b b b bitcoin… there is no crypto… f shitcoiner
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?