This is the second part of the answer to the question: “What are the rules within Bitcoin?” How does robust consensus and decentralized decision-making affect the predictability of the system? How does this compare to certainty and predictability within traditional financial institutions, such as interest rate changes? I can’t predict what the U.S. interest rates will be next year, but I can predict what the rate of distribution (block reward) of bitcoin will be in 100 years.
Minutes from Federal Reserve meeting: https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20170614.pdf
Watch Part 1 here: https://youtu.be/VnQu4uylfOs
This is part of a talk which took place on July 7th 2017 at a Bloktex event hosted by the Wisma BeeOn Group in Kuala Lumpur, Malaysia: https://antonopoulos.com/event/the-future-of-money-kuala-lumpur-malaysia/
Watch the full talk here: https://youtu.be/HaJ1hvon0E0
RELATED:
Bitcoin: Where the Laws of Mathematics Prevail – https://youtu.be/HaJ1hvon0E0
Forkology: A Study of Forks for Newbies – https://youtu.be/rpeceXY1QBM
SegWit, scaling, and consensus – https://youtu.be/Jc7mrR6AAto
Fee market, SegWit, and scaling – https://youtu.be/zxt-FLzZPhg
Scaling is a moving target – https://youtu.be/pT9kJq_Ogrk
The scaling rites of passage – https://youtu.be/rZi86_ovB3Y
What is the biggest threat? – https://youtu.be/1-XUbH1F0Os
Is Bitcoin a democracy? – https://youtu.be/TC3Hq76UT5g
Governance trade-offs in decentralised systems – https://youtu.be/dtwaW79Fj7c
Bitcoin & Blockchain in Norway – https://youtu.be/5ODDCx6VL2Y
The end of vampire-squid financing – https://youtu.be/yyXOQG5iNWo
Rules vs. Rulers – https://youtu.be/9EEluhC9SxE
The Currency Wars and Bitcoin’s Neutrality – https://youtu.be/Bu5Mtvy97-4
The Killer App: Engineering the Properties of Money – https://youtu.be/MxIrc1rxhyI
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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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/)
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