In this talk, Andreas recounts the history of Bitcoin and what it represents, building upon all the stories we’ve been told over the centuries about what “money” is, how we perceive its value, and why the old answers have changed as we adjust to this new world of digital peer-to-peer currencies. He also discusses global threats to economic stability and trust in the financial system, including demonetisation and wealth destruction through inflation.

This talk took place at the JW Marriott Sahar (International Airport) on March 26th 2017 in Mumbai, India: https://www.townscript.com/e/bitcoin-talk-by-the-world-famous-andreas-antonopoulos-203132

TOPICS:
In the beginning… 00:00
Digital scarcity 00:41
Peer-to-peer network 01:34
Solving the double-spending problem 01:59
Cash, peer-to-peer without intermediaries 04:10
People paying companies to maybe pay people 04:34
The un-banked and the under-banked 05:28
Bitcoin – digital money as cash 06:08
What is cryptocurrency? 07:16
Independent self-verification 08:42
Why the Internet is special – global free flow of information 10:24
Why Bitcoin is special – global free flow of money 12:24
The bizarre aspects of traditional banking 13:34
Adjusting to this new world 15:36
Governments attempting to control Bitcoin 16:48
“Who’s in charge?” – system of trust without hierarchy 18:18
People who see Bitcoin’s strengths as flaws 20:20
Multi-signature schemes for consumer protection 21:19
Our misunderstanding of the most ancient technology 23:20
What gives money value? Stories we tell, promises we trust 26:30
The shared hallucination of paper money 29:48
False promises and the myth of “zero-value” currencies 31:22
Gresham’s Law in India 34:02
The characteristics of good money & currency 35:13
Difficulties of barter at a large scale 36:49
Ancient tokens of values 38:13
Scarcity vs. inflationary supply, debt & devaluation 39:11
Bitcoin vs. traditional money as a store of value 41:52
“How much is a bitcoin worth?” 43:05
Digital gold 43:47
“Fake money” resolved by the market 44:21
Closing summary & remarks 45:17

QUESTION & ANSWER:
What happens to our bitcoins during a hard fork? – https://youtu.be/sNR76fWd7-0
What is the role of nodes? – https://youtu.be/fNk7nYxTOyQ
Price premiums and arbitrage – https://youtu.be/B4tsk-ZiHuE
Fee markets, SegWit, and scaling – https://youtu.be/zxt-FLzZPhg
Who is Satoshi Nakamoto? – https://youtu.be/1iEv-gUZNx4
Unlimited vs. Cypherpunks – https://youtu.be/5adgo4-32HU

RELATED:
Aadhaar and blockchain identities – https://youtu.be/GylSvJf53zI
Why KYC is dangerous – Microviolations of Privacy As Payment – https://youtu.be/rwF7nMWUjBs
Privacy, Identity, Surveillance and Money –

Remittances & smuggling in Venezuela – https://youtu.be/RRXecXfWARw

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

Videography: Zebpay Bitcoin India
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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44 COMMENTS

  7. EPIC

    "The next generation will never know
    – A world in which you cannot send money anywhere o anyone.
    – A world in which money only works Monday to Friday 9 to 5.
    – A world in which the privilege of having a bank account costs you a monthly fee for other people to store your money.
    – A world in which some destinations are prohibited.
    – A world in which in order to open a bank account you have to be 16"

    Get ready for world in which 6 years have Bitcoin accounts.

    13:35

  10. My mom was scammed, and they refused to reverse the illegitimate transaction at her bank! that's crazy.. it's like taking already bad system (banks with central authority model), and making it two times worse by refusing to provide the only useful 'features' such model gives… I don't even mention the other scenarios, when a legitimate transaction gets frozen for additional verification, everything in a banking system is upside-down, you don't save money in a bank, you lose them slowly or rapidly depending how lucky you are.

  19. I believe and would bet my life on this technology. The problem is buying Bitcoin at $3263 is like trading diamonds for coal dust. Why would I trade my dollars at a huge loss! Why would someone in a hyper inflated country trade their fiat at an even worse loss! Bitcoin is only worth it if it cost $1 USD or less.

  23. 40:30 Can someone explain how 2% yearly inflation adds up to cutting savings by half in 10 years? Because I see only a ~19% loss in 10 years: $10000*0.98=9800. 9800*0.98=9604…repeat 8 times and i got $8170. Not $5000 as Andreas says. It would actually take 34 years to lose half purchasing power at 2% yearly inflation.

  28. When ever I watch Andreas's videos I look at how many views there are and how little likes have been given. Then I realized that after every video I was so sucked in I forget to "smash the like button". That stops today. Thank you for all the great knowledge sir

  38. everytime i watch one of his videos i end up buying 0.01 BTC LOOLLL. i should have bought full BTCs when it was at 200 $/BTC a piece ahah(or earlier) , i bought another very cheap crypto back then that anyway gained 1000,s %% in value. The blockchain is the future. well done Andreas, very simply and well explained

  44. Quote from Video:-
    We now see governments now looking at this new Bitcoin thing and the first question that come to their mind are: “ How do we control it. How do we change it. How do we stop it. How do we force our authority, our legal purview over it? ”Who's in charge who controls this?. The answer is not satisfactory No one controls this, No one is in charge. Or you can go for the more sophisticated approach: “Well you see its based on an open-access participatory model of market-based economic competition, through risk-and-reward strategies based on game theoretical outcomes that ensure collaborative participation by multiple participants without anyone having the ability to cheat, due to a system of emergent consensus based on mathematical rules and strong cryptography. To which they respond, “yes, yes… but who's in charge?

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