Bitcoin as a long term store-of-value (SoV) versus an investment yielding returns. Lightning Network as a way for full node operators to earn fees. Bitcoin is not a get-rich-quick scheme, it is a get-free scheme – don’t get rich, get free.
This is part of a talk which took place at the ‘Bitcoins in Bali’ meetup on June 27th 2017 at the Hubud co-working space in Ubud, Bali, Indonesia: https://antonopoulos.com/event/bitcoins-in-bali-meetup/
RELATED:
Investing in Education Instead of Speculation – https://www.youtube.com/watch?v=6uXAbJQoZlE
Money as a System-of-Control – https://youtu.be/FyK4P7ZdOK8
The Stories We Tell About Money – https://youtu.be/ONvg9SbauMg
The Switzerland of currencies – https://youtu.be/pV83Qmy578c
How much bitcoin do you have? – https://youtu.be/DJtM9mR7cOU
How do I secure my bitcoin? – https://youtu.be/vt-zXEsJ61U
Hot vs. cold wallets – https://youtu.be/Aji_E9sw0AE
Fungibility, privacy, anonymity – https://youtu.be/y3s8c7YDtXU
Decentralized power, leaderless governance – https://youtu.be/E5VbDlQTPzU
Separation of money and state – https://youtu.be/jGmtRA9S7_Y
The 21 million supply cap – https://youtu.be/AABkJ55Zz3A
ICOs and responsible investment – https://youtu.be/C8UdbvrWyvg
Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and well-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.
THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8
MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042
[NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388
Subscribe to the channel to learn more about Bitcoin & open blockchains!
If you want early-access to talks and a chance to participate in a monthly LIVE Q&A with Andreas, become a patron: https://www.patreon.com/aantonop
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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HODLing was good in 2016-2017 for Cryptocurrency for example I got over 30,000% on my XRP investment of only $20 when it was $0.005 but now no because you got to HODL in this Bear Market at the end of the year or longer
Great awesome guy, but he seems afraid of making money, it's not a bad thing to be rich, you can be free and rich. Some are greedy, some do the exact opposite, both are unhealthy. You can't live without money. He seems to sacrifice himself, great guy though, love what he says.
As much as I would love for Bitcoin to work out as I hodl a little myself. To think that the World's Banks are just going to roll over and say "aww you got us, you win" is insane.
When is your Bible coming out?
Yes, Lightning Network will be a way to generate little bit of passive income in Bitcoin without giving up your private keys. But there already exists another one – running JoinMarket's yield generator bot, where other people pay you little fees for allowing to use your bitcoins in CoinJoin transactions they want to make.
"Get free scheme" … wow, you nailed it
, … again. Beautiful wording! Will use it from now in the many debates and discussions I have since listening to you.
Will the average person be able to run the lightening network or will it only be real serious miners?
Where did this guy come from. He has answers to everything bitcoin. If you ask me. He's Satoshi Nakamoto.
Still the most interesting guy to listen to regarding Crypto.
I completely agree it is about becoming fiat free, not fiat rich. I still see a bit of contradiction in believing in that while believing in segwit/lightning network, but I am not near as smart as Andreas and maybe just don't see it yet? Sidechains and second layer networks seem to both add risk of centralized control.
If everybody hodls only… value goes directly to 0. Store of value does not work without attached utility. Eventually there will be competing currency which will have both. In fact look at Ether.
@Aantonop
I wanted to put 20k into Bitcoin however im affraid that BTC Gold in October and the November Fork in November is going to destroy the value of Standard Bitcoin.
What do you think?
Thanks Aantonop
Bittrex has been disabled our accounts since 5 days ago, I can not trade or withdraw…thousands of people have this problem…please help!!!
Get free! Buy Bitcoin!
How do I get my bitcoin into "cold cold very cold offline wallet" storage? He seems to be talking about a more involved than just a cold Waller like a trezor or ledger, no?
Dear Andreas, do you read your comments? or just upload videos and that's it?
I can't believe he pronounced HODL wrong. It still gotta rhyme for some of the best memes to work. Memes are actually an important marketing tool. (Kenny Rogers – "Know when to HODL,, Know when to FODL…"
Hi Andreas, I have created this small private group in telegram to discuss about blockchain, projects and ICOs. Let me know if you would like to join. Only serious discussions.
Are you a Voluntaryist? Agorist? Ancap?
What is "HODLing" ? …
I would love to see you on $CNBC but I don't think they are ready yet.
we couldn't have a better ambassador for BTC
The hodlers of today are the hope of the future