Can we have secure identities on the blockchain? How would blockchain identities serve the surveillance system? Why do KYC policies by centralised entities not actually work against fraud risk? Being identified doesn’t make you good, but it does lead to economic exclusion. Authorities will keep asking for more and more power.

Note: To be clear, this video is not about being against decentralized identities in general. It is mostly about taking a stance against applying KYC policies to these networks in a way that is opposed to anonymity and privacy, especially as a storage mechanism for sensitive information, which was the scope of the question.

These questions are from the MOOC 10.6 session, which took place on October 11th 2018. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron:

For more on decentralized identity, see: “Let’s Talk Bitcoin! #386 Decentralized Identity and Pairwise Identifiers” –

Escaping the Global Banking Cartel –
Worse Than Useless: Financial Surveillance –
Fungibility, privacy, anonymity –
Mixing services –
Altcoins and specialisation –
Governments and privacy coins –
The price of losing privacy –
The war on cash and crypto –
MimbleWimble and Schnorr signatures –
MimbleWimble and Dandelion –
Schnorr signatures and the privacy roadmap –
What are Bulletproofs? –
Coin selection and privacy –
Atomic swaps –
Decentralised exchanges with fiat –
Decentralised exchanges and counterparty risk –
The Lightning Network –
How do I choose a wallet? –
Hot vs. cold wallets –
Secure, tiered storage system –
How do I secure my bitcoin? –
HODLing and the “get free” scheme –
How to get people to care about security –
Airdrop coins and privacy implications –
Bitcoin as everyday currency –

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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Translations of MASTERING BITCOIN:



Translations of THE INTERNET OF MONEY:
Spanish, ‘Internet del Dinero’ (v1) –
French, ‘L’internet de l’argent’ (v1) –
Russian, ‘Интернет денег’ (v1) –
Vietnamese, ‘Internet Của Tiền Tệ’ (v1) –


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