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:

Watch the full talk here:

The Currency Wars and Bitcoin’s Neutrality –
Worse than Useless: Financial Surveillance –
The war on cash and crypto –
Fake News, Fake Money –
The Stories We Tell About Money –
Banks vs. Bitcoin: The Five Stages of Grief –
When will the scare stories stop? –
My response to Jamie Dimon –
Inspiring cryptocurrency projects –
Remittances and smuggling in Venezuela –
Can cryptocurrencies support terrorism? –
The separation of money and state –
A voluntary alternative to mandatory currencies –
Fungibility, privacy, anonymity –
Who determines the value of bitcoin? –
Price volatility, pegging, stability –
Scaling complex systems –
Scaling, trust, and trade-offs –
Altcoins and the scaling debate –
Is Bitcoin a democracy? –
HODLing and the “get free” scheme –

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

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 (