We know that money serves as:
– A Store of Value (SoV)
– A Medium of Exchange (MoE) and
– A Unit of Account (UoA)

But what happens when a fourth use of money is introduced, one which subordinates all the other characteristics: money as a system of control.

This talk took place at the Advanced Digital Innovation Summit on September 12th 2017 in Vancouver, Canada: https://antonopoulos.com/event/adisummit-vancouver-canada/

QUESTION & ANSWER:
Biggest threat to cryptocurrencies –

ICOs, disruption, and self-regulation – https://youtu.be/yfjgcI8xX3A

RELATED:
The Stories We Tell About Money – https://youtu.be/ONvg9SbauMg
Bitcoin: Where the Laws of Mathematics Prevail – https://youtu.be/HaJ1hvon0E0
The Digital Currency Commons – https://youtu.be/nYBKWrqR4I8
Open Blockchains for Cashless Developed Economies – https://youtu.be/eo-0BgrKxiI
Hardware, Software, Trustware – https://youtu.be/Etyjc1JdmFU
Fake News, Fake Money – https://youtu.be/i_wOEL6dprg
Blockchain vs. Bullshit: Thoughts on the Future of Money – https://youtu.be/SMEOKDVXlUo
Separation of money and state – https://youtu.be/jGmtRA9S7_Y
Could governments take over exchanges? – https://youtu.be/9PrJQeKl9w4
Is Bitcoin a democracy? – https://youtu.be/TC3Hq76UT5g
Unstoppable code – https://youtu.be/AQx3E3F8Kz4
Irreversibility and consumer protection – https://youtu.be/R107YWu5XzU
Scaling, trust, and trade-offs – https://youtu.be/vCxmHwqyJWU
The Switzerland of currencies – https://youtu.be/pV83Qmy578c
How is fungibility tied to privacy? – https://youtu.be/VuI-8EwqIS8
Fungibility, privacy, anonymity – https://youtu.be/y3s8c7YDtXU

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.

Subscribe to the channel to learn more about Bitcoin & open blockchains; click on the red bell to enable notifications about new videos!

MASTERING BITCOIN, 2nd Edition: https://amzn.to/2xcdsY9

Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/

THE INTERNET OF MONEY, v1: https://amzn.to/2ykmXFs

THE INTERNET OF MONEY, v2: https://amzn.to/2IIG5BJ

Translations of THE INTERNET OF MONEY:
Spanish, ‘Internet del Dinero’ (v1) – https://amzn.to/2yoaTTq
French, ‘L’internet de l’argent’ (v1) – https://www.amazon.fr/Linternet-largent-Andreas-M-Antonopoulos/dp/2856083390
Russian, ‘Интернет денег’ (v1) – https://www.olbuss.ru/catalog/ekonomika-i-biznes/korporativnye-finansy-bankovskoe-delo/internet-deneg
Vietnamese, ‘Internet Của Tiền Tệ’ (v1) – https://alphabooks.vn/khi-tien-len-mang

MASTERING ETHEREUM (Q4): https://amzn.to/2xdxmlK

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

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

32 COMMENTS

  1. When a nation is going down hill, they literally will make it impossible to get capital/money out of the country…. but bitcoin just leaps over their tyranny like the joke that it is.

    Crypto currency empowers the people where as this fiat money with fractional reserve system only empowers those who want to enslave.

    It’s so exciting to be alive, to see the downfall of these sleazy banks, so awesome!

  2. Bitcoin isn't so different. I tried to get into it early and discovered I couldn't get any mining software to work. And when I asked for help the answer was always "pay us a tax and we'll help you." how is that a revolt against old money?

    Apartments can't be rented in America with Bitcoin. Not yet, not in most places. Until basic requirements for life are available with Bitcoin, then money remains king. And why would a landlord offer Bitcoin payments when they know they can't use Bitcoin to buy a car or their own house and so on.

    Bitcoin can buy toys and drugs and developer labor and that's about it so far. It seems to be up against a "great filter".

  3. Absolutely beautiful. I have made many mistakes and do have some regrets, I’ll make sure that my grandchildren understand these truths.

    Until Andreas I was ignorant about money. He has become our morning-star.

  4. Six billion people are not going to trade their hard earned money for extreme buyingselling fees, low security, high learning curve, constant hacks, no FDIC security, massive price fluctuation, govt persecution, govt imprisonment, torture from criminals for your keys.

  5. Bitcoin enables a system of control as much as any other representation of something that does not exist. Unless the mechanism of capital accumulation is prohibited by equal distribution, massive inequality will never be effectively challenged in the political realm. So, what we use to represent capital will continue to serve a mask for the system of control it represents. .

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