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
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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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