Since you’ve encountered numerous critics of Bitcoin and cryptocurrencies, who are the most well-reasoned and worthy of engagement? People who are intellectually honest and express a genuine desire to understand this technology. The most vocal supporters in Bitcoin usually started off as critics who were initially dismissive of it. Even Satoshi didn’t know if it would work, and people who followed Satoshi told him / her / them that it wouldn’t work. The technological flaws that critics usually fixate on are temporary issues (ex. fees, usability, price volatility) and not inherent problems in this dynamic evolving, competing ecosystem of designs. More often they will criticise it because it seems politically or even morally inconsistent with their worldview and they fear the implications. “This can’t be!” And yet it is. “But you shouldn’t!” And yet we did. Now what do we do about it?

This is part of a talk which took place at the Bitcoin Open Blockchain (BOB) community event on October 29th 2017 at the mHUB innovation center in Chicago, Illinois: https://www.meetup.com/Bitcoin-Open-Blockchain-Community-Chicago/events/244248063/

Watch the full talk here: https://youtu.be/XCVaabu3J04

RELATED:
The Currency Wars and Bitcoin’s Neutrality – https://youtu.be/Bu5Mtvy97-4
Worse than Useless: Financial Surveillance – https://youtu.be/n4F-h4xuXMk
The war on cash and crypto – https://youtu.be/BAlRKfvBnvw
Fake News, Fake Money – https://youtu.be/i_wOEL6dprg
The Stories We Tell About Money – https://youtu.be/ONvg9SbauMg
Banks vs. Bitcoin: The Five Stages of Grief – https://youtu.be/43Ucj6_Erb0
When will the scare stories stop? – https://youtu.be/yhKIKB6cn6w
My response to Jamie Dimon – https://youtu.be/1dEcdGc0tIo
Inspiring cryptocurrency projects – https://youtu.be/WW8norCKUbE
Remittances and smuggling in Venezuela – https://youtu.be/RRXecXfWARw
Can cryptocurrencies support terrorism? – https://youtu.be/Ryz-pXbsojU
The separation of money and state – https://youtu.be/jGmtRA9S7_Y
A voluntary alternative to mandatory currencies – https://youtu.be/5ogv3Eya9nQ
Fungibility, privacy, anonymity – https://youtu.be/y3s8c7YDtXU
Who determines the value of bitcoin? – https://youtu.be/DucvYCX1CVI
Price volatility, pegging, stability – https://youtu.be/9KPyflyHP6s
Scaling complex systems – https://youtu.be/dm9m1oQr6Ks
Scaling, trust, and trade-offs – https://youtu.be/vCxmHwqyJWU
Altcoins and the scaling debate – https://youtu.be/slbpdW-H3yk
Is Bitcoin a democracy? – https://youtu.be/TC3Hq76UT5g
HODLing and the “get free” scheme – https://youtu.be/MhOwmsW1YNI

Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and 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

[NEW] THE INTERNET OF MONEY, v2: https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/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

Subscribe to the channel to learn more about Bitcoin & open blockchains!

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/)

source

28 COMMENTS

  1. I was a HUGE critic of BTC (and crypto in general) even up to a few weeks ago. Been binging #aantonop on YouTube and I am beginning to see the light. I'm not going all in on BTC or anything but starting to buy and "play with it" a little.

    I wasn't misinformed, I was uninformed.

  2. Andreas is far and away the best representative of this space, but he's a bit too soft on Bitcoin lately. Id actually like to hear more criticisms about the space, especially governance failures or breakdowns, rather than the platitudes to the effect of "it will scale because the internet wasn't supposed to scale but it did" or how "it will all sort itself out".

  3. Excellent response. I am still partially in the critic phase, but I am learning more every day. 8-9 years ago I was shown Bitcoin and a blockchain that had to synchronise before it was useful and I dismissed saying "it'll never scale enough to be useful." I think I was partly right, but what I didn't expect was the level of interest and the level at which people are trying to change the core technology to be more broadly useful, and to be useful to non tech geeks.

    So I am now in a position where I am hopeful. Still not convinced that the final digital currency solution will be what we have now, but convinced enough that people are working on it and as long as the technology breathes and evolves, we will be in a great place in a few years.

  4. My question is if Bitcoin and Ethereum is becoming obsolete. Or will they adjust to keep up with the altcoins that are solving the problems of the original? I believe this to be a problem because these are open source and you can have a champion that carries the ball through the rough times and then another group that piggybacks of them and benifits .

  5. I think all this looks like new religion, I suspect that a lot of the stuff Andreas claims can't hold in real rational debate
    This is how reality looks at the moment from my perspective:
    1. I can't buy bitcoin in my country, which is member of EU, except from some shady guys and weird websites, this gives me a feeling like I'm buying cocaine or weed, you never know what you gonna get and why.
    And these exchange websites ?!?!? kind of check you need to go over, I had to present Passport, Id card, head-shot from camera and residency proof, some even require Skype interview before you get approved account (for example Bitpanda). Is this related to all those anonymity benefits?
    2. What about all sorts of fees?
    3. I can't buy anything with bitcoin anywhere except in a couple of places in America.
    4. I regularly run bitcoin core and speed of that network is basically simulation of dial-up era network.
    5. Currently bitcoin network is being heavily centralized (example Chinese miners)
    6. I don't understand how lightning network doesn't end up as classical banking system (this will eventually need hubs, cause nodes you need to propagate have to have enough funds).
    All this doesn't look as something that will give us better sustainable future full of equal opportunities.
    Biggest players in this space are financial speculators, scam masters, scum and criminals who are actually biggest problem of the human civilization lately.

  6. @Andre – SO MUCH for "only idiots would short bitcoin!"

    Bitcoin will continuously be shorted and then dumped wales to make sure they win their bets

    This will cause the average investor to abandon bitcoin after taking losses

    Bitcoins overall price will keep falling

    The technology of bitcoin wont improve

    Btc will be dead in 12months

  7. It's rare to get someone with such insight into new technology. But Andreas has this as well as the knowledge of the social and economical impacts technology will have. Its rare for someone to have the knowledge of these areas and be able to present them so well. Great speaker, makes things easy to comprehend with great metaphors and comparisons. A truly humble man. Thanks Andreas

  8. I truly find Andreas gifted in speaking and getting his thoughts across to others. I do find it interesting when he speaks of satoshi nakamori in the first person. As if it is 1 person and he knew a man of this name and he did develop bitcoin. Interesting.

LEAVE A REPLY

Please enter your comment!
Please enter your name here