My response to Jamie Dimon's criticism of Bitcoin as a "fraud." Jamie doth protest too much methinks, because JPMorgan Chase was fined for mortgage fraud.
The world's banks have never faced competition from the internet; the internet is now coming for banking. Industry leaders are going through the five stages of grief: denial, anger, bargaining, depression, and acceptance.
0:00 Jamie Dimon criticized bitcoin. Could you encapsulate briefly what this criticism was and how would you rebut it?
1:00 It's interesting that the head of the largest investment bank in the world finds time to criticize bitcoin
1:30 The world's banks have never been faced competition from the internet
2:10 Banks will go through the 5 stages of grief
This talk took place at the SingularityU Canada Summit during October 11-12th 2017 at Evergreen Brickworks in Toronto, Canada:
https://antonopoulos.com/event/singularityu-canada-summit-toronto-canada/Are you a banker? I have a playlist for you:
https://www.youtube.com/playlist?list=PLPQwGV1aLnTu45KFS6Sq6Z05qToY-n_k2RELATED:
Bitcoin and the Banks: Five Stages of Grief -
https://youtu.be/43Ucj6_Erb0Money as a System-of-Control -
https://youtu.be/FyK4P7ZdOK8ADISummit: Self-Sovereign Identity Panel -
https://youtu.be/DZbyiJqKT8cThe internet will eat your business -
https://youtu.be/DXLZSgf4b8QWhy developers are leaving banks -
https://youtu.be/GqOZ4IAQ-xQImpact of smart contracts on law and accounting -
https://youtu.be/K-TRzuPwJCcIrreversibility and consumer protection -
https://youtu.be/R107YWu5XzUWho determines the value of bitcoins? -
https://youtu.be/DucvYCX1CVIPrice volatility, pegging, stability -
https://youtu.be/9KPyflyHP6sThe 21 million supply cap -
https://youtu.be/AABkJ55Zz3AICOs and responsible investment -
https://youtu.be/C8UdbvrWyvgICOs and financial regulation -
https://youtu.be/Plu_WX3Gs8EThe end of vampire-squid financing -
https://youtu.be/yyXOQG5iNWoSeparation of money and state -
https://youtu.be/jGmtRA9S7_YA voluntary alternative to mandatory currencies -
https://youtu.be/5ogv3Eya9nQHODLing and the "get free" scheme -
https://youtu.be/MhOwmsW1YNIGlobal financial crisis (GFC) -
https://youtu.be/JU3gNC_ZPKMBiggest threat to cryptocurrencies -
https://youtu.be/MNXSDaD97x0Andreas 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/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=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!
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/aantonopMusic: "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. 📈
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