What is “hyperbitcoinization” and when / where will it occur?
This is part of a talk which took place at the Bitcoin Open Blockchain (BOB) community event on October 29th 2017 at the mHUB innovation center in Chicago, Illinois: https://www.meetup.com/Bitcoin-Open-Blockchain-Community-Chicago/events/244248063/
Hyperbitcoinization theory: http://nakamotoinstitute.org/mempool/hyperbitcoinization/
Watch the full talk here: https://youtu.be/XCVaabu3J04
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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.
THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8
[NEW] THE INTERNET OF MONEY, v2: https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/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
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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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He gets this one wrong. Hyperbole.
I also hope we don't go into complete economic collapse for the rise of the cryptocurrency but it is possible that greed within the banking cartel could force it. I do see the curve of adoption coming in at an exponential curve though with each country reaching a point people reach consensus that they should all switch and once enough countries move a world wide consensus will cause a full on switch. I actually think this whole process will happen in less then 5 years (some countries look to be doing this now and even the USA seems to be accepting bitcoin deeper into its system) as it looks like the rate of change itself in general seems to be speeding up going all the way back to the neolithic revolution.
Great as always
We will break governments and banks and the world will be a much better place. Several cryptocurrencies will thrive on and become mainstream.
we are entering into 40 years period of transition from fiat to sound money, in that period cryptos will play as buffer between fiat and sound monies. and cryptos will stay together as sound backed currencies but fiat will evolve to sound backed or dissapear
The Banksters will force hyperbitcoinization. They will not give up their power easily and it will force a currency war. It will the the last kicks of a dying horse.
This man is so intelligent it kills me! I wish I were this smart about any topic.
How can you dislike this video 0_o ?
He is God Of Bitcoin
Thanks for that perspective. So, I suppose I've been a hyperbitcoinization shill, but thought it would get there more gradually. You're saying it doesn't get there at all, but there could be many competing interlocking stories of money?
Wrong example about hyperinflation. Brazil 2017 Inflation: 2,95%. Venezuela 2017 Inflation: 2000%.
Don't put both in the same box.
IF YOU SPEAK, I LISTEN.
I could spend days just watching him talk.
awesome…
There is an incredible amount of FUD all over the news media. Compared to half a year ago, many I talk to have now heard of bitcoin and say they see on the news it is a bubble, scam, etc. Would you be willing to correct them, enlighten them for the record? I don't think our inner circle is enough though 🙁 We need a voice like yours out there to reach many more people that are particularly skeptical! The same voice that was able to reach the law makers of Canada and Australia, I think you can inspire the masses! 🙂
A true (un)polished multifaceted passionate Crypto diamond!
Modern Robin Hood of Economy. Well educated, interested, experienced Metaphorical connecting our financial past and future from with passion!
From Technical, Biological, Medical, Economical, Anthropological and IT perspective. Very enriching for navigating (financial) life! Greeting from Amsterdam
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11/10. would watch again.
Always the best from Andreas!
Thanks for another quality video Andreas, thanks for keeping the flame alive, much appreciated my brother : )
The new Bitcoin Jesus!!!!! Screw Roger Ver!!!
Why would hyperdemonetization of fiat currencies lead to poverty? If the dollar is worth zero, that means your mortgage is also worth zero so you can easily pay it back. No real value disappears during a hyperdemoetization. The crops are still there, your car and house are still functional. The only difference is that now you can finally be free to choose which type of financial system you prefer.
…..welll…some other people actually want to see a one world currency….the one that THEY control obviously…
Totally agree with you, sir! Freedom of choice of your portfolio of money accordingly to individuals interest.
Andrea are you ever coming to Mexico???
Excellent
What do you think of the idea that Bitcoin/Litecoin will become the clearinghouse and not the curency?
Yes, many options may or may not include Fiat or centrally issued currency! Perhaps increased up take of cryptocurrency may result in a bigger push to Disband The FedReserve and return to a gold and silver standard. (One can only hope).