How important are privacy improvements to Bitcoin in the roadmap? How will second layers and atomic swaps help with this? When will Schnorr signatures / signature aggregation be added to Bitcoin? What are Taproot and Graftroot? Will it be done through a soft or hard fork? Should we keep transaction transparency instead of adding privacy features?
Watch Pieter Wuille’s presentation – https://youtu.be/YSUVRj8iznU
Schnorr signature BIP – https://github.com/sipa/bips/blob/bip-schnorr/bip-schnorr.mediawiki
CORRECTION / CLARIFICATION: At 3:47, I mention that Schnorr signatures had to overcome “patent encumbrances” and guessed that the patent expired somewhere around 2010. The precise expiration date of the U.S. Patent (No. 4,995,082) was February 2008. At 4:22, I say that ECDSA and EC-Schnorr are based on the difficulty of solving the discrete logarithm problem over a prime-order field. While this is true for the digital signature algorithm (DSA), ECDSA and Schnorr are based on the discrete log problem over an elliptic curve group. (h/t Daira Hopwood)
These questions were part of the monthly live Patreon Q&A session in July and the Denver event as part of ‘The Internet of Money Tour’ at the Hilton Denver Inverness, which took place on July 28th and August 6th 2018 respectively. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop
RELATED:
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Money as a System-of-Control – https://youtu.be/FyK4P7ZdOK8
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Bitcoin: Privacy, Identity, Surveillance and Money – https://youtu.be/Vcvl5piGlYg
ADISummit: Self-Sovereign Identity Panel – https://youtu.be/DZbyiJqKT8c
How is fungibility tied to privacy? – https://youtu.be/VuI-8EwqIS8
Public keys versus addresses – https://youtu.be/8es3qQWkEiU
Re-using addresses – https://youtu.be/4A3urPFkx8g
Coin selection and privacy – https://youtu.be/3Ck683CQGAQ
Airdrop coins and privacy implications – https://youtu.be/JHRnqJJ0rhc
Wallet design and mass adoption – https://youtu.be/WbZX6BDZJHc
How do I choose a wallet? – https://youtu.be/tN6b62sEpsY
Using paper wallets – https://youtu.be/cKehFazo8Pw
Exchanges, identity, and surveillance – https://youtu.be/TVFy8xXfxAA
The price of losing privacy – https://youtu.be/2G8IgiLbT_4
Layered scaling and privacy – https://youtu.be/4w-bjUhpf_Q
Lightning and onion routing – https://youtu.be/D-nKuInDq6g
What is the roadmap? – https://youtu.be/5Eoj_sKyC90
SegWit and fork research – https://youtu.be/OorLoi01KEE
MimbleWimble and Schnorr signatures – https://youtu.be/qloq75ekxv0
Block capacity and embedded data – https://youtu.be/JXt0v54nojI
Mixing services – https://youtu.be/rKoMvOH4zoY
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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.
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6 months was optimistic ?
Privacy is more important than scalability? Good one, block rewards halve next year… Clocks ticking. Good luck retaining miners on your shitty BTC network when rewards half again
Privacy not coming, its been 10 years, and now too risky for price to fall with privacy then gov ban etc…
+aantonop Hi thanks for your content I have a question please take time to answer ! When you say that Bitcoin can use Schnorr signatures to make multisig look like a normal public address. I don't understand how it makes Bitcoin a privacy coin. Do you mean that all transactions will be passed as multisig by wallets as a new standard ? As far as I am concerned hiding multisig does not make Bitcoin a privacy coin like Monero. I ve read your book for developpers so don't hesitate to be very specific. Thanks a lot !
Should have 100 million followers…….period!
My coverage on this: https://bitsonline.com/internet-giant-surveillance-machine-andreas-antonopoulos-privacy-scaling/
Here is a question that I would love to hear your thoughts on, and hopefully there are more people interested to poke your brain on this one! So if you never read this, hopefully some one wants to post this question to your Q&A on patreon!
Question:
"
If Bitcoin becomes widely adopted in the future, could a debate be started over code changes to introduce inflation?
For example: They could convince a lot of people that we need inflation because a lot of coins are hoarded by a small group of people. Other arguments could be made ofcourse, and I fear a lot of people could easily be convinced by this.
Do you think it is likely that this will happen eventually, and what do you think the outcome would be?
"
Sorry if the question is long, but this is something I think about a lot. Perhaps right now we have a fixed supply, but what if the majority of the world gets convinced that we need to change that in the future…
You are awesome, Andreas. This is fascinating. I'm covering this too.
Crypto solutions for supply chains can force transparency if the end retailer demands all incoming stock to be traceable to source on the blockchain. Either as a differentiation for their customers at first or as a regulatory requirement. When the use case is established this forced transparency can be applied to other sectors of business or politics.
Technical correction: the security of ECDSA and EC-Schnorr is based on the discrete log problem over an elliptic curve group; not the discrete log problem over a prime field.
Schnorr signatures were claimed to be covered by U.S. Patent 4,995,082 which expired in February 2008.
The video that Andreas mentions around 3 minutes in is https://www.youtube.com/watch?v=YSUVRj8iznU .
Hi Andreas, I wanted to take a moment to let you know that you've informed not only my Bitcoin / crypto knowledge pool, but my world view in enriching, transformative ways. Using the principles of open source technology, to then extrapolate a global understanding of adversity and diversity building the most secure, robust, collaborative derivative. Thank you!
So glad we have you Andreas!!!
Bitcoin Private BTCP
Agree privacy before scaling
Bitcoin probate
How do you determine the exchange rates between 2 coins doing atomic swaps?
That's exciting stuff. One of my major problems with BTC at the moment is the lack of privacy. I can image there will be some resistance to this…
Cisco was worth half the entire .com market cap at its peak, because it enabled ‘inter connectivity’ of all internet protocols that were previously isolated on their own networks
What coin/s (BTC?) are likely to be the coin/s that show promise as being the interconnecting coin?
As soon as privacy comes, the media will have a field day spruiking it as a currency for crime
What operating system/s and privacy/security software/browsers/add-on’s do you suggest people learn to use for maximum financial security…for instance your obviously not a fan of solely using a windows machine 🙂 what other options do you suggest people move to to be sufficiently private/secure? Linux Mint/Ubuntu, QubesOS etc? thanks
Well said My man, very exciting keep up the good fight brother.