Sponsored by: BitRocket.co, Optiver, Veredictum.io, BitPOS.me, and Get Paid In Bitcoin AU
In this talk, Andreas introduces newcomers to the emerging scientific speciality of “forkology,” or the study of forks, how blockchain ecosystems change over time, and the game theory of competing consensus models. He covers not only the various types of forks but the agents involved in consensus evolution, grappling in this crazy new world where the traditional menus will no longer do.
This talk took place on June 6th 2017 at a joint meet-up with Blockchain Professionals, BitcoinSYD and SydEthereum in Sydney, Australia: https://antonopoulos.com/event/blockchain-professionals-sydney/
TOPICS:
0:38 – The journey into open public blockchains
2:30 – Price increase brings newbies to the rabbit hole
3:45 – The confusing landscape of forks
4:27 – What is a fork? A divergence in perspective
6:08 – No central authority to determine everyone’s perspective
7:40 – Growing the chain, block by block
8:45 – Accidental vs. deliberate forks, 51% attacks
9:35 – Hard forks vs. soft forks and changes to consensus rules
11:15 – Open blockchain ecosystems as restaurants
15:05 – No one’s in charge, but everyone has to work together
15:42 – Miner-activated vs. user-activated forks
16:25 – User-activated soft fork (UASF) or BIP148
18:28 – Tensions around assertions of power
19:35 – Forking event: risks of double-spend, wipeout, two Bitcoins
24:15 – A game of chicken, throwing the steering wheel away
25:18 – This sounds crazy! Is it all worth it?
QUESTION & ANSWER:
Scaling is a moving target – https://youtu.be/pT9kJq_Ogrk
ICOs and financial regulation – https://youtu.be/Plu_WX3Gs8E
Is Bitcoin a democracy? – https://youtu.be/TC3Hq76UT5g
Global financial crisis (GFC) – https://youtu.be/JU3gNC_ZPKM
RELATED:
What is a fork? – https://youtu.be/QwEDtdkV3Q4
What happens to our bitcoins during a hard fork? – https://youtu.be/sNR76fWd7-0
The dangers of hard forks in protocol evolution – https://youtu.be/vxEHRvhJKvA
Hard forks and the cultural mulligan – https://youtu.be/KT-7APasANI
Open source as cross-pollination & consensus through collaboration – https://youtu.be/JTHV6PA-Dw8
The Lion and the Shark: Divergent Evolution in Cryptocurrency – https://youtu.be/d0x6CtD8iq4
Bitcoin: A new species of money – an evolutionary perspective on currency – https://youtu.be/G-25w7Zh8zk
Evolving layered technologies in cryptocurrecy – https://youtu.be/13Iff4d3p3k
The Scaling Rites of Passage – https://youtu.be/rZi86_ovB3Y
Ethereum: Consensus vs. Immutability – https://youtu.be/OGGW9ozE-ys
LTB Live: TheDAO, ETH, Soft-Fork, DoS and what’s next – https://youtu.be/epWjD6mlBVs
Unlimited vs. 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!
If you want early-access to talks and a chance to participate in a monthly LIVE Q&A with Andreas, become a patron: https://www.patreon.com/aantonop
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/)
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So nice talk; thanx it was lingering on my mind for so long. I even took the hardship of modeling a concept with that faint notion. With this info I can explore the topic more in depth. I need to watch it multiple times because of all the info that is packed in this talk.
Awesome! Donation has been made.
Genius!
One of the best explanation videos out there….Bravo keep up the good work patrioti ?? ?
I am afraid that people are not ready for this
he killed this one. so easily understandable yet informative. great video.
a quick question: what kind of fork is forks similar to the one that separated etheruem and classic or BTC and Bitcoin cash ?
Great explanation with simplistic examples, all things about forks are covered.
Can sharding be implemented in bitcoin network?
I never thought I would be listening so captivated to a greek guy teaching me the intricate workings of money. Very, very good story!
They didn't lie when they said you are the crypto Jesus. You miraculously explain very technical stuff and make it humane.
That moment when you Antonopoulos yanks you, deep down the rabbit hole, and you just go down… 25:46 is all you need to watch
Bitcoin Cash must go. It sucks.
Well explained thanks for the "forkology,
Incredibly valuable. Thank you so much for everything you do for the Bitcoin community. We love you, Andreas!
Great presentation again, thank you. When the fork happens like Bitcoin and Bitcoin cash both these chains will have the same number of coins available to be mined?
So many metaphors. Good explanations though.
Best explanation I have heard thank you for your work your Brilliant ❤??
https://youtu.be/wydAQLiMs84
ive been following Andreas for quite some time now and can say he has this thing mastered. delivery, education, presentation and of course content.
Another absolutely killer speech by AA
Forkology. Compelled to write it.
BRA-VO! ??????
Spend 30 bucks on a lavaliere mic. Audio will be vastly improved, words will be much easier to understand.
BAD AUDIO IS A HATE CRIME! #BAIAHC
Let me know if you want a specific recommendation.
GREAT!!! thank you for posting.
Very good presentation !
Excellent explanation.
Great analogy. Thank you!
Amazing Speaker!! Thx Andreas!