What is the best platform for smart contracts? What makes Ethereum interesting to you? So far, most of the platforms experimenting with smart contracts, besides Ethereum, are either still in the roadmap or early testing phases of development (i.e. federated sidechains and drivechains). Most of the so-called “third generation” blockchains have not been able to differentiate sufficiently from the first and second generation blockchains. We cannot draw very accurate conclusions without being able to compare them at scale.
When I speak about Ethereum, I am speaking more broadly than the ETH token and blockchain, but rather virtual machine-based, Turing complete, programmable blockchain for smart contracts. During the maturation of this technology, there are going to be a lot of governance missteps and security vulnerabilities because they are choosing flexibility over security in the tradeoff. Ethereum can’t do what Bitcoin does. Having a robust, simple script language and conservative, reliable development is a strong differentiating factor. The biggest challenge for both Bitcoin and Ethereum moving forward is privacy.
This is a question from the patron-only live Q&A which took place on December 16th 2017. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop
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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
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Great talk. Now we have the best of both worlds: smart contracts on a private Cryptonote chain. Meet DERO. Blockchain written in Go from scratch with SC on testnet since January 2019.
Awesome talk, thanks for everything you do. Check out DERO, it has cryptonote privacy first layer and is a Turing complete SC platform, I think even you might be impressed.
Excellent!!!!
you're an asset to humanity. Thanks for all you do
Any thoughts on bitcoin last fork , BTCP ? Also why is bitcoin cash praised so much and worth more than 18B$ ?
Andreas is Satoshi Nakamoto.
Ethereum is way ahead in terms of development and adoption. Look up Network effect. There is no way anything else can be considered a competition to it.
is bitcoin private?
pure clarity…thanks!
Ditch the yellow background. The grey is much better.
Privacy is a huge issue. For example, being caught having US dollars in Turkey some time before and after the 1980 coup could get you into prison. If crypto is to have an effect as advertised, we can expect even worse interventions from states whose stability is threatened by decentralization.
So much great information. Thanks Andreas!
so true, just like the 1st real estate transaction has been logged on the ETH blockchain, not others. Ethereum exists and is executing NOW/today
this is great!
Bugger, I have watched all your videos since beginning of Jan and there is no more to watch.
Lisk is gona be interesting!
Andreas Antonopoulos, you're simply the best! You taught me bitcoin. Thank you.
What is proof of stake when talking about ethereum?
Credits will be a better platform.
Learn the truth here! This guy knows his sheeeeeets 😉
Security Issues with the smart contract layers:
https://www.technologyreview.com/s/610392/ethereums-smart-contracts-are-full-of-holes/
https://arxiv.org/pdf/1802.06038.pdf
Pleasure to watch as all of your work is. Thank you for taking the time to inform & educate new investors like me.
What do you think about oracles? How crucial are they for smart contracts to succeed? Thanks.
Big love to Andreas. Keeping "grunts", like me, appraised, in an adult way. Thanks aantonop!
this is better, less white light, more zoomed out, no weird background… still a bit out of focus tho… but that doesn't matter, always watch your video's and usually get my mind blown
Why can't privacy be solved in the 2nd layer? I thought that's what Ethereum people have been saying ever since the project started?
Does the implementation of zk-snarks count as solving privacy at the base layer? Or do we need more?
DeepOnion will give the solutions for all of these problems…just take a look into this project and you´ll see that.
I'm sure you've probably heard this before, but your head reminds me of the Monero logo. I think it's time you became an advocate. I mean no disrespect.
Subtítulos en Español
Simply explained and to the point! Thanks Andreas! One question though: When you say: "it will take a long time", to overcome all the blockchain existing challenges such as: security, scalability, etc…, how much time do you have in mind?
Why create BTCp when you have BitcoinZ ???
We all owe so much to this man it’s not even funny. The definition of what a human should be like. Thank you Andreas.
I am personally going to push your subscriber base over 1 million.
Why can't privacy be solved in a second layer? I've heard you say this before about the internet but I don't understand why.
Andreas for global president!
Wonder what Andreas thinks about eos dpos system
Andreas, the crypto community needs you. The idea of doing these regular Q&As is great. Keep spreading the word. Together we are stronger. You're the best!
"…it CAN'T be solved at the 2nd layer!" <mic drop> what about lightning?…
Will there be a need for any other currency than BTC, will there be a place/need for say LTC or NY Coin in the world once BTC takes over?
Plz, Andreas, what is yr take on Hashgraph? TIA
AGVoAA (Another Great Video of Andreas Antonopoulos)
Many thanks!!! Eukaristó 😉
Andreas doesn't mince words. Respect.
Curious as to your thoughts on bitcoin private.
Smart contracts are a FANTASTIC idea in theory… who knows if it can be done in reality.
Awesome questions and amazing answers. I love this community <3
Why Andreas never had a video on XRP????
Skyledger is an existing and functional third generation blockchain platform that many people are overlooking. I'd like to hear your thoughts on that project
Great channel sir…you are an asset to the industry! What are your thoughts on Hashgraph vs current Blockchain technology? Can it solve the scaling issues and is it a viable alternative to develop upon?
"Some big mistakes, some great successes…" Mistakes come to mind, but no successes… Can you list some?