Will criminal elements leverage cryptocurrencies? Criminal organizations as early adopters of technology, operating at the nexus of highest risk and highest reward. Money, by definition, is something you can use to buy anything. The more restrictions it comes with, the more it loses the fundamental principle of medium of exchange. I bet it’s a lot easier to buy drugs with the New Zealand dollar than it is with bitcoin. Criminals will use money, but what we need to understand is that the tool is not the crime and has never been the crime. 99% of humanity is going to use money and other tools to feed our children, give them healthcare, education, and a better future. I’m not concerned with solving crime through attempting to control money. The organization you give the absolute power over money to, will become the criminal and punish not other criminals but their political opponents. We need to start thinking about separation of money and state, and understand that it just as important as the separation of church and state.
This is part of a talk which took place on May 8th 2017 at The Blockchain.NZ Conference in Auckland, New Zealand: https://antonopoulos.com/event/the-blockchain-new-zealand-conference/
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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 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.
THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8
MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042
[NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388
Subscribe to the channel to learn more about Bitcoin & open blockchains!
Outro Music: “Unbounded” by Orfan (https://www.facebook.com/Orfan/)
Outro Graphics: Phneep (http://www.phneep.com/)
Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)
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Wonderful as always andy
he should run for president …much better speaker than the current one LOL
? ?
The real implication is the decrease of the power of the state because of this
this is silly, nearly break $3000 in just 6 months, last time I check it takes 3 years to break $1000
Our politicians are so stupid compared to people like this.
This guy is awesome.
he's a genius
Andreas, I'd love to see you comment about the crytpo community going gaga over Vladimir Putin's interest in Vitalik and Ethereum. It's bizarre to me that a movement highly motivated by rejection of government is suddenly giddy over government interest in it.
So good!
Lord Acton said, "Power tends to corrupt and absolute power corrupts absolutely." He was absolutely wrong. Stewart Emery, founder of Actualizations, put it correctly: "Weakness corrupts and absolute weakness corrupts absolutely."
Nixon was not corrupted by his power, but by his weakness. The only power a tyrant has is the power granted by followers. Weak followers surrender their power. The weakness of the followers is a major factor in the corruption of the leader.
Funny, Andreas is actually far more correct about shoes than he realizes. American police forces literally faced that exact problem in the 20th century. The police forces were being issued leather soled heeled shoes while the bad guys they were chasing were wearing rubber sneakers. The bad guys got away until the cops wised up.
AMEN