How do the unbanked get cryptocurrencies? How will Bitcoin scale at all layers to become reliable and useful as a retail currency? It’s currently the most useful for store-of-value (SoV), import/ export businesses, remittances and cross-border transactions. The SegWit soft fork was not only a block size increase and transaction malleability fix, but it also enabled second-layer solutions. Building a system that is easy to use, yet incredibly complex in the background, necessitates that we don’t settle for simple answers. You don’t need to understand how BGP works in order to use the internet. If you had told a person in the early 1900s that we would electrify the world, or re-pave roads to be suited for cars in a few decades, or have a real-time video conference over Skype with someone on the other side of the world, they would have written a PhD on why that was impossible. Stop only thinking about bigger ‘pipes’ and start making the data smaller. The scaling solutions that are being considered and developed right now will enable thousands and then millions of transactions per second in the next few years.

This talk took place at the Riga Art Space for the Baltic Honeybadger conference on November 25th 2017 in Riga, Latvia:

Watch the rest of the talk here:

Delivering Liberty, At Scale –
The Killer App: Engineering the Properties of Money –
Beyond Price: Bitcoin’s Impact on the Future –
Introduction to the Internet of Money –
The Lightning Network –
Why I earn bitcoins instead of buying them –
Where can I buy and spend bitcoin? –
How much bitcoin do you have? –
Scaling is a moving target –
Scaling, trust, and trade-offs –
From barter to abstract money –
The internet will eat your business –
Job opportunities with cryptocurrencies –
Impact of smart contracts on law and accounting –
Borderless money –
Fungibility, privacy, anonymity –
HODLing and the “get free” scheme –
What is the biggest adoption hurdle? –
Hyperbitcoinization –
Altcoins and the scaling debate –
Biggest threat to cryptocurrencies –
How do I choose a wallet? –
Intrinsic vs. extrinsic assets –

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.





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:

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