Bitcoin’s “innovation in trust,” radical self-reliance, and social scaling. Everyone is following the same consensus rules. It is an emergent model for trust in a decentralised network-centric, game theoretical, market-based security system. We’re at the infancy of this technology, so right now it’s very difficult for individuals to secure their own bitcoin; this creates a tendency to concentrate funds and rely on third parties. There are two kinds of centralised exchanges: those that have been hacked and those that will be hacked. The problem is a technical skills gap – we need to make bitcoin reflexive and easy secure without centralising it. We don’t need perfect security, we need reasonable certainty. The people deeply involved in Bitcoin right now are the lunatic fringe, the “early adopters” are still five years out. If your friends are making fun of you, you’re probably doing something interesting.
Bitcoin Security Model: Trust by Computation – https://medium.com/@aantonop/bitcoin-security-model-trust-by-computation-d5b93a37da6e
This is part of a keynote talk which took place at the Blockchain Africa Conference on March 2nd 2017 at the Focus Rooms in Johannesburg, South Africa: http://blockchainafrica.co/speakers/andreas-m-antonopoulos/
Watch the full talk here: https://youtu.be/SMEOKDVXlUo
RELATED:
Hardware, Software, Trustware – https://youtu.be/Etyjc1JdmFU
How to get people to care about security – https://youtu.be/Ji1lS9NMz1E
What happens to our bitcoins during a hard fork? – https://youtu.be/sNR76fWd7-0
Irreversibility and consumer protection – https://youtu.be/R107YWu5XzU
Hot vs. cold wallets – https://youtu.be/Aji_E9sw0AE
Bridging the gap between geeks and mass markets – https://youtu.be/UbAumime_sc
How long until mainstream adoption? – https://youtu.be/y3cKBDBabtA
Crossing the chasm of theoretical vs. real need – https://youtu.be/yIR0OBEAaUE
Design for the disabled and disempowered – https://youtu.be/VlcHyl_rPVM
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!
If you want early-access to talks and a chance to participate in a monthly LIVE Q&A with Andreas, become a patron: https://www.patreon.com/aantonop
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/)
source
Bună. Doresc sa i-au legătură cu tine despre bitcoin de la a la z ✌
5:30 Love this quote of Andreas.
when was this presentation ? I want to make sure I'm still in the crazy phase
epic video thanks
I hate to be "that guy", but unless your mom worked for Apple, she didn't have an iPad in 2009.
I ? AA
I see a "Blockchain Africa Conference 2017". Got some work to do on equity, eh?
girl next to the questioner is sexy
I have decided, I am in love with Andreas – It seems that we have the same type of friends as me. Seriously, his ability to make difficult subjects, easy to understand and very humours, is just a unique talent. I would love him to be a guest at my dinner party. The lunatic fringe – Just so funny?
Maybe a question for a next video: can bitcoin ever fail to zero value? I don't think it can, since there's a considerable number of people who have bitcoin and who have paid money and/or effort for it. In other words: can anything that had a cost, fail to zero value? What's your view on this? Thanks for your great work!
lol @fake money..how can it be fake if theres stock to back it up?. there are 100 stores in the us that accept bitcoin. ill mine and horde and invest..when i can use it to live off , my wallet should be fat. i found out about it 5 days ago …weil ,see what happens. ive been watching all your vids..naysayers drive me nuts..if you were not able to live off of bitcoin all this time it would be worthless and you couldnt travel, pay your bills and speak to all these people..looks to me like its worth something. ive mined 11.00 worth of it in 6 days..i know my system is slow..ill just keep going.
Boy, I wished I had half of your communication and presentation skill. 🙂
How about we secure bit coin on a tiny lithium charged chip, and store it somewhere in the body?
I am about to be evicted from my house as I was unable to pay the rent due to being in a loan trap.
I know I was stupid but I would appreciate if you could donate a small amount of Bitcoins to this address to help me.
12QZCpiDhcdutd2rARprPWKeoUmoCWXDJi
Thx
Always on point. Forget the ICO's and invest in the companies that are sorting out these issues, and I think hardware is especially important. Ledger Nano S is what I use, and i feel, at this point in time, secure.
Great info man thank you for your teachings.. also
CHAIN COIN GANG GOING TO THE MOON BABY!
HODL SQUAD!
Dude tell us something about IOTA technology. It looks alot better than blockchain protocol.
The sound quality of this video was excellent ….as were the words being spoken …:-)
"If your friends are making fun of you, you are probably doing something interesting."
I'd love to ask him what he think if Bitcoin was actually invented by the government to hold the monetary money off the future.
Yeah, security is a big issue 🙂 But having those hardware wallet or some kind of 2FA is the key!
So what do you call those that got involved back in 2009-2012?
Proud partake in the "lunatic fringe"