In this talk, Andreas looks at the symbiotic relationship between opportunities that Bitcoin offers for improving India’s general welfare, and the talent and potential India can contribute in return to help it thrive. He argues that, like the early internet, Bitcoin began as a weird and difficult place for the average consumer; if we embrace the good and reject the fear of this global phenomenon, we can make the financial world as accessible and intuitive as a swipe on an iPad.

TOPICS:

1:35 Your first bitcoin experience, your first internet experience
2:56 I was on the internet in 1989; my mother’s first email
4:35 Bitcoin today is like the early internet
4:59 Bitcoin will be a revolution in how money is done
6:23 Shifting the system of trust in money: cash, banking, Bitcoin
8:30 What happens to banks? Competition.
9:02 Software engineering talent in India; becoming an international centre of finance
11:52 Change is scary; governments react to the internet of cats
13:01 Implications for poverty, healtchare, education; amplifying the human spirit
15:03 Regulating bitcoin and its effect on opportunities for good
17:08 Firing the meteorologist doesn’t change the weather
18:35 Bitcoin is a global phenomenon
19:17 Disruption causes difficulties, but competition is good

This talk took place at the YMCA Banquet Hall on March 24th 2017 in Ahmedabad, India: https://www.townscript.com/e/bitcoin-and-blockchain-by-andreas-m-antonopoulos-201220

RELATED:
The Stories We Tell About Money – https://youtu.be/ONvg9SbauMg
Fake News, Fake Money – https://youtu.be/i_wOEL6dprg
The Currency Wars and Bitcoin’s Neutrality – https://youtu.be/Bu5Mtvy97-4
Price premiums and arbitrage – https://youtu.be/B4tsk-ZiHuE
Bitcoin for Beginners – https://youtu.be/UlKZ83REIkA
Aadhaar and blockchain identities – https://youtu.be/GylSvJf53zI
How to get people to care about security – https://youtu.be/Ji1lS9NMz1E
Initial coin offerings (ICOs) – https://youtu.be/Q5R8KuxV4A0
Remittances & smuggling in Venezuela – https://youtu.be/RRXecXfWARw
When will the scare stories stop? – https://youtu.be/yhKIKB6cn6w
Will compliance with regulation benefit Bitcoin? – https://youtu.be/QpVmt3ufdrs
Why Bitcoin is the poison pill of global finance – https://youtu.be/UOfRIaJICgI

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 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

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!

Videography: Zebpay Bitcoin India
Outro 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

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22 COMMENTS

  5. In order for Bitcoin to take off, there cannot be giant fees on purchasing Bitcoin. Bitcoin doesn't work like cash. I don't loose $1000 on $20000 when using or withdrawing cash. Right now to buy Bitcoin, they steal $1000+ dollars for $20,000 worth of Bitcoin. Bitcoin costs 4000+ right now. That is massive inflation to trade $1 for $4000. That is created hyper-inflation. Nobody takes Bitcoin, so you have to hope it goes up in value enough to recoop your buying/selling fees (losses). If you want to sell Bitcoin, be prepared to loose 300 – 400 USD per Bitcoin. In order to buy or sell you loose your privacy as you have to give it up and connect a bank account. No exchange protects your money from theft like banks do (FDIC). If a bank looses your money, they refund your account. Bitcoin is only worth buying once the price drops to a dollar and there are no longer purchasing fees to buy. At that point, you are still taking huge risk in losing your money, being EMP by some ahole, or getting jacked. Nobody jacks a guy that has money in a back account.

  10. Andreas, when you personalised with regards to your mother, who unknowingly birthed her little genius 'geek'…. I smiled and thought … We too Mrs Antonopoulos. All of us 'moms' out here are now actually grasping the enormity of this evolving technology thanks to your passionate, dedicated son. (Give your mother a hug from me Angreas) And may you never stop educating the world!.

  12. EMBRACE the CRYPTO HERO :>) A true (un)polished multifaceted passionate Crypto diamond!
    Modern Robin Hood of Economy. Well educated, interested, experienced Metaphorical connecting our financial past and future from with passion!
    From Technical, Biological, Medical, Economical, Anthropological and IT perspective. Very enriching for navigating (financial) life! Greeting from Amsterdam

  19. One thing that NEDS to change in India so that ALL people can live to the potencial of their lives , is to COMPLETELY EILIMINATE THE CAST SYSTEM in their society! For a nation that claims to be the largest democracy on earth…SHAME, SHAME, SHAME!

  20. Hi Andreas! Would you pay 12$ transactions fees to give me 1$ worth of Bitcoin? I am currently using mycelium mobile wallet on my iPhone and the minimum transaction fee is 12$! I think that's insane! The minimum transaction fee was around 1$ three months ago but in three months it has increased 12 fold! Even if I transfer bigger amounts of bitcoins my transaction fees are between 10-15%. I don't know if it is just the mycelium app that sucks or if I am stupid and I don't understand the concept but with this kind of transaction fees it feels really naive to think that poor people could use this system ever. The block size in the bitcoin network is limited and when the demand has suddenly increased the transaction fees have skyrocketed.

    I am a big fan of yours and pro-crypto, pro-bitcoin and I love the idea behind the blockchain. However, when I started to use bitcoin myself I noticed so many flaws and problems. You said with the blockchain we can get rid of third-parties and transfer currency much faster and cheaper. First of all, if I want to acquire bitcoins, I have to buy it from an online exchange or an ATM. Online exchanges and ATMs are third-parties that charge high premiums. When I want to send bitcoins I have to download an app. This app acts as a third-party and charges insane premiums (mycelium app minimum transaction fee 12$). Miner fees are constantly increasing as more and more people get in to bitcoin and the block size is limited. I would argue that sending money by using Western Union is actually cheaper than sending money by using bitcoins, unless the amount of money sent is a magnitude of millions of dollars.

  21. These are all great talks, but it sure would be nice to know WHEN they were given. Some of these are from 3-4 years ago. Still just as relevant but it sure would be nice to know when he was saying it.

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