How do you see the roles of debt and inflation changing in society with the advent of cryptocurrencies? Does Bitcoin have the best monetary policy? Bitcoin and many other cryptocurrencies are not debt instruments, whereas most of the popular, state-run forms of currency today are. You can’t do fractional reserve banking or issue debt with bitcoin. Airdrops / fork coins are a form of supply inflation. How do you explain the different approaches to cryptocurrencies from China and Japan?

The first question is from the patron-only live Q&A which took place on January 27th 2018. The second question is from the first monthly live Patreon Q&A session on November 27th, 2017. The third question is from the patron-only live Q&A which took place on February 24th 2018. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron:

The 21 million supply cap –
The Killer App: Engineering the Properties of Money –
The Stories We Tell About Money –
The Currency Wars and Bitcoin’s Neutrality –
Fake News, Fake Money –
The Switzerland of currencies –
Geopolitics and state-sponsored attacks –
Borderless money –
Price volatility, pegging, stability –
Divisibility and deflationary monetary policy –
What happens to our bitcoins during a hard fork? –
Hyperbitcoinization –
Separation of money and state –
A voluntary alternative to mandatory currencies –
Global financial crisis –
Fungibility, privacy, anonymity –
We all started as critics –

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

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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  1. This didn't quite answer one on my main ideas.
    Do you see the new lending system being lending sharks that own alot of bitcoin, maybe the only method to consider your house an asset, is once the title is on the blockchain and can be tied up in a multi sig wallet.
    is there a plat form when 100 people can stake 0.01 BTC and share that to someone who needs to borrow 1BTC, how can you direct debit in a way?

  2. I wasn't very satisfied with the last one.

    When you say that we have choice and that it kind of solves the problem (as opposed to only having bitcoin or any one crypto and being stuck with it), do you mean choice between crypto and fiat? Or mainly between cryptos (in the future)?
    Because if the solution to the problem of being able to adapt to the economic conditions and productivity is switching to fiat, doesn't it mean that bitcoin will only be used as a store of value and not a currency? Isn't that bad for bitcoin and similar cryptos?

  3. Dear Andreas, what do you think would happen if highly government funded industries (take farming or dairy in Finland for example), would start demanding their financial aids in Bitcoin? My uneducated opinion is that the government can keep these industries alive, simply because through fiat currencies and loaning it's incredibly cheap. What would happen if we'd start to value labor with Bitcoin? Wouldn't that drive up the price? Isn't the possibility of credit the worst kind of protectionism, as it allows these highly inefficient industries to stay alive?

  4. Andreas are you familiar with the Charles Eisenstein's writing, especially his book "The Sacred Economy"? (I cannot recommend it highly enough) Ever since reading it I cannot help but wonder if/how cryptocurrencies could fit in and help realise some of ideas and suggestions for creating a better world, better societies and money systems. You and Charles really should talk 🙂

  5. I don't think he believes in Bitcoin's deflationary model as good for powering an economy, but he recognizes that the choice of having it is important. I believe an inflationary digital currency has a much better chance at displacing fiat.

  6. I'm real curious as to your thoughts about the recent tariffs, the 1.3 trillion Omnibus, the horrid Crapo Bill and the Cloud act. All very disturbing and seems to set the stage for another crash but this time they will use the smaller banks as the scapegoats like they did with the S&L crisis.

  7. I hope someday you are invited to the US Senate for hearings on cryptocurrency. I was very dismayed at the performance and selection of the panelists at the Senate Banking Committee, Securities and Exchange Commission. You were right…they did come out and say "what about the children?" and "what about bitcoin being used by terrorists." It's a shame Canada could see the value of your participation and allowed you to speak to them and no offer was extended to you from my government.


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