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:

Watch Part 1 here:

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:

Watch the full talk here:

Bitcoin: Where the Laws of Mathematics Prevail –
Forkology: A Study of Forks for Newbies –
SegWit, scaling, and consensus –
Fee market, SegWit, and scaling –
Scaling is a moving target –
The scaling rites of passage –
What is the biggest threat? –
Is Bitcoin a democracy? –
Governance trade-offs in decentralised systems –
Bitcoin & Blockchain in Norway –
The end of vampire-squid financing –
Rules vs. Rulers –
The Currency Wars and Bitcoin’s Neutrality –
The Killer App: Engineering the Properties of Money –

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

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