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:

Watch the full talk here:

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

The Lion and the Shark: Divergent Evolution in Cryptocurrency –
Ethereum, ICOs, and Rocket Science –
Forkology: A Study of Forks for Newbies –
The Killer App: Engineering the Properties of Money –
Governance trade-offs in decentralised systems –
TheDAO – Why failure is a necessity for learning –
Altcoins and the scaling debate –
The Scaling Rites of Passage –
Unlimited vs. the Cypherpunks –

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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Outro Music: “Unbounded” by Orfan (
Outro Graphics: Phneep (
Outro Art: Rock Barcellos (