How do you see the roles of debt and inflation changing in society with the advent of cryptocurrencies? Does Bitcoin have the best monetary policy? Bitcoin and many other cryptocurrencies are not debt instruments, whereas most of the popular, state-run forms of currency today are. You can't do fractional reserve banking or issue debt with bitcoin. Airdrops / fork coins are a form of supply inflation. How do you explain the different approaches to cryptocurrencies from China and Japan?
Chapters
0:00 How do you see the roles of debt and inflation changing in society with the advent of cryptocurrencies?
3:44 Why is the japanese government pushing adoption in bitcoin and legalizing it in such positive ways and the chinese government made ICOs and exchanges illegal?
8:49 Restricted money supply in bitcoin is virtuous to create trust in the system and avoid inflation. Most economist, however, advocate for a flexible money supply so that it matches economic conditions and a need for credit. If the current fiat system inflates endless bubbles through cheap credit, doesn't bitcoin have the exact opposite problem? Two problems come to mind: 1) Future prices are unpredictable and do not match productivity either. 2) Too much deflation might discourage investment. In summary, if bitcoin is its own central bank, how do you know that its monetary policy, deeply embedded in the system, was a good one in the first place? Any advice on good readings about this issue?
The first question is from the patron-only live Q&A which took place on January 27th 2018. The second question is from the first monthly live Patreon Q&A session on November 27th, 2017. The third question is from the patron-only live Q&A which took place on February 24th 2018. 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/aantonopRELATED:
The 21 million supply cap -
https://youtu.be/AABkJ55Zz3AThe Killer App: Engineering the Properties of Money -
https://youtu.be/MxIrc1rxhyIThe Stories We Tell About Money -
https://youtu.be/ONvg9SbauMgThe Currency Wars and Bitcoin's Neutrality -
https://youtu.be/Bu5Mtvy97-4Fake News, Fake Money -
https://youtu.be/i_wOEL6dprgThe Switzerland of currencies -
https://youtu.be/pV83Qmy578cGeopolitics and state-sponsored attacks -
https://youtu.be/htxPRTJLK-kBorderless money -
https://youtu.be/EZh1-ZqffOwPrice volatility, pegging, stability -
https://youtu.be/9KPyflyHP6sDivisibility and deflationary monetary policy -
https://youtu.be/xhLgxX_wU6EWhat happens to our bitcoins during a hard fork? -
https://youtu.be/sNR76fWd7-0Hyperbitcoinization -
https://youtu.be/AB5MU5fXKfoSeparation of money and state -
https://youtu.be/jGmtRA9S7_YA voluntary alternative to mandatory currencies -
https://youtu.be/5ogv3Eya9nQGlobal financial crisis -
https://youtu.be/JU3gNC_ZPKMFungibility, privacy, anonymity -
https://youtu.be/y3s8c7YDtXUWe all started as critics -
https://youtu.be/-jvefuVRwYAAndreas 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/aantonopWebsite:
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=UTF8MASTERING 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/1491954388Subscribe to the channel to learn more about Bitcoin & open blockchains!
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/)
Join the aantonop Channel:
https://aantonop.io/joinaantonopytAbout the Site 🌐
This site provides links to random videos hosted at YouTube, with the emphasis on random. 🎥
Origins of the Idea 🌱
The original idea for this site stemmed from the need to benchmark the popularity of a video against the general population of YouTube videos. 🧠
Challenges Faced 🤔
Obtaining a large sample of videos was crucial for accurate ranking, but YouTube lacks a direct method to gather random video IDs.
Even searching for random strings on YouTube doesn't yield truly random results, complicating the process further. 🔍
Creating Truly Random Links 🛠️
The YouTube API offers additional functions enabling the discovery of more random videos. Through inventive techniques and a touch of space-time manipulation, we've achieved a process yielding nearly 100% random links to YouTube videos.
About YouTube 📺
YouTube, an American video-sharing website based in San Bruno, California, offers a diverse range of user-generated and corporate media content. 🌟
Content and Users 🎵
Users can upload, view, rate, share, and comment on videos, with content spanning video clips, music videos, live streams, and more.
While most content is uploaded by individuals, media corporations like CBS and the BBC also contribute. Unregistered users can watch videos, while registered users enjoy additional privileges such as uploading unlimited videos and adding comments.
Monetization and Impact 🤑
YouTube and creators earn revenue through Google AdSense, with most videos free to view. Premium channels and subscription services like YouTube Music and YouTube Premium offer ad-free streaming.
As of February 2017, over 400 hours of content were uploaded to YouTube every minute, with the site ranking as the second-most popular globally. By May 2019, this figure exceeded 500 hours per minute. 📈
List of ours generators⚡
Random YouTube Videos Generator
Random Film and Animation Video Generator
Random Autos and Vehicles Video Generator
Random Music Video Generator
Random Pets and Animals Video Generator
Random Sports Video Generator
Random Travel and Events Video Generator
Random Gaming Video Generator
Random People and Blogs Video Generator
Random Comedy Video Generator
Random Entertainment Video Generator
Random News and Politics Video Generator
Random Howto and Style Video Generator
Random Education Video Generator
Random Science and Technology Video Generator
Random Nonprofits and Activism Video Generator