Governance and the market share of Bitcoin. It drops in a cyclical way when people become temporarily disillusioned and overwhelm other altcoins with exuberant attention they weren’t really prepared for. When the spotlight shifts onto you, that’s when you can’t stumble. The adversarial attitude between cryptocurrencies. They all benefit from specialising to niches of trade-offs and design decisions in the ecosystem. Even failed experiments help evolution and teach us something. Being resistant to change is a differential feature, because it makes it robust against takeover. Even Bitcoin’s own developers and miners can’t force change from the inside. Bitcoin was designed to say ‘unless everyone agrees, we’re not changing a thing.’ Political propaganda, economic, electrical, network-based attacks are always coming when it becomes this important to the world. “Unstoppable code” is for something that someone is trying to stop. “The only things worth printing are what somebody is trying to suppress; everything else is advertising / public relations.” Silk Road, black market. PR disaster to Enterprise Ethereum Alliance, who will start saying “the technology behind Ethereum: smart contracts!” just as they did with Bitcoin. Trial by fire. Bitcoin is surviving because it can’t be changed, because it is the unstoppable code.

This is part of a talk which took place at the Silicon Valley Bitcoin meetup on April 11th 2017 at the Plug and Play Tech Center (@PlugandPlayTC) in Sunnyvale, California:

Watch the full talk here:

Programmable Money, Smart Contracts and DAOs –
The Lion and the Shark: Divergent Evolution in Cryptocurrency –
Ethereum, ICOs, and Rocket Science –
The token ICO explosion –
ICOs and financial regulation –
The Killer App: Engineering the Properties of Money –
Hardware, Software, Trustware –
Can cryptocurrencies support terrorism? –
Governance trade-offs in decentralised systems –
Is Bitcoin development centralised? –
TheDAO – Why failure is a necessity for learning –
LTB: TheDAO, TheFork, TheFallout –
The dangers of hard forks in protocol evolution –
Are chain splits a governance failure? –
What is the biggest threat? –
Initial coin offerings (ICOs) –
Cultural differences between Bitcoin & Ethereum –
Hard forks & the cultural mulligan –

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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