Can cryptocurrencies have an inflationary monetary policy? How do cryptocurrencies like Bitcoin fit into the global currency wars? Initially there wasn’t enough demand in the economy, but as the reward diminishes over time, bitcoin will have a deflationary monetary policy and simulate a scarce resource like gold. But you can simulate whatever monetary policy you want.

Digital currencies are now part of the currency wars, because they are giving people all over the world a choice to exit the currency wars, one of the most powerful choices you can make. Within the currency, Bitcoin will act as the Switzerland of currencies. Even if governments start making them illegal to use, this does not destroy demand. In practice, cryptocurrency use has gone up after a country has banned it. Governments are failing in their role of delivering the fundamental functions of currency. When there is a dramatic spiral in an economy, the state takes the entire country hostage. People often haven’t thought about money as a language or a technology, constructs that can be created and improved by anyone. So what if you can exit? It changes everything.

The first and second questions are from 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:

The third question is from a talk which took place on December 3rd 2016 at the Coinscrum {MiniCon}, hosted by Imperial College in London, England:

Watch the full talk here:

The 21 million supply cap –
The Killer App: Engineering the Properties of Money –
Price volatility, pegging, stability –
Divisibility and deflationary monetary policy –
Will governments ban cryptocurrencies? –
Unstoppable code –
Is Bitcoin a democracy? –
The War on Cash and Crypto –
The revolution in trust –
Global financial crisis –
Fungibility, privacy, anonymity –
Solar energy and mining in space –

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 (