The lessons and unintended results of TheDAO hack and the Ethereum contentious hard fork. Technical success but political failure. The expensive potential damage for all cryptocurrencies with contentious hard forks. All cryptocurrencies get one mulligan. Being in a position where you’re making decisions in this ecosystem is very difficult and a dangerous handicap. Tendencies to fragment. The Bitcoin Unlimited remote exploit bug. They should be relieved it was discovered early. Quality of code does not depend on having the best “superstar” developers, because they come on a Bell curve; quality code comes from a good QA process and a very large, diverse development team matter. Ethereum has a fantastic opportunity to learn from the mistakes of Bitcoin, and Bitcoin from the mistakes of Ethereum. Cross-ecosystem learning is how we mature.

This is part of a talk which took place on March 15th 2017 during the Cape Town Ethereum meetup at the Deloitte Greenhouse in Cape Town, South Africa: https://antonopoulos.com/event/cape-town-ethereum-meetup/

Watch the full talk here: https://youtu.be/OWI5-AVndgk

*Yes, I know, the sound sucks. I’ve upgraded my audio equipment since!

RELATED:
The Lion and the Shark: Divergent Evolution in Cryptocurrency – https://youtu.be/d0x6CtD8iq4
Ethereum, ICOs, and Rocket Science – https://youtu.be/OWI5-AVndgk
Forkology: A Study of Forks for Newbies – https://youtu.be/rpeceXY1QBM
The Killer App: Engineering the Properties of Money – https://youtu.be/MxIrc1rxhyI
Governance trade-offs in decentralised systems – https://youtu.be/dtwaW79Fj7c
TheDAO – Why failure is a necessity for learning – https://youtu.be/2KZTx8IYc9s
Altcoins and the scaling debate – https://youtu.be/slbpdW-H3yk
The Scaling Rites of Passage – https://youtu.be/rZi86_ovB3Y
Unlimited vs. the Cypherpunks – https://youtu.be/5adgo4-32HU

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!

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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16 COMMENTS

  5. Andreas, you really need to INSIST on capturing better audio, my friend. There are so many of us that want to hear your words of wisdom but this really affects the quality. Thank you for providing such insightful knowledge about Bitcoin, Ethereum, and Blockchain technologies.

  9. Andreas, I had a hard time paying attention because I kept looking for the chains they used to tie you down to one spot on the stage. Your better when they let you pace back and forth from one side of the stage to the other. Like a majestic eagle trapped in a small cage. very sad….

  11. Always informative and insightful, thank you Andreas.
    Out of curiosity, what would the value of Bitcoin be if 100 trillion dollars were placed into it and that was distributed 7.5 billion ways?

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