Bitcoin development is becoming more decentralised. It began with Satoshi as the sole developer and miner; now there are hundreds of Bitcoin developers and thousands of miners across the world. This system is self-correcting. If we become too centralised, we are more vulnerable to attack. If Bitcoin is attacked, it will either be forced to decentralise or die, and we can always build it again.

This is part of a talk which took place on December 6th, 2016, at the Bitcoin Cologne meetup in Köln, Germany:

Watch the full talk here:

What is the biggest threat to Bitcoin? –
Governance trade-offs in decentralised systems –
The Scaling Rites of Passage –
Am I in favour of activating SegWit? –

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

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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Outro Music: “Unbounded” by Orfan (
Outro Graphics: Phneep (
Outro Art: Rock Barcellos (