In this talk, Andreas outlines the future micropayment ecosystem, how the fee market works, and why the simple / obvious solution to scaling is not always the right one. He also reflects on what to learn from the mistakes of internet engineering, and how we will overcome these challenges in Bitcoin to serve the under-served with privacy, security, autonomy, and liberty.
Chapters
0:00 Introduction
0:37 Bitcoin transaction fees
2:34 Routable IP addresses
5:42 Internet of things (IOT)
7:37 Good/Bad bitcoin transactions
11:13 Increasing the block size
17:10 Serve the underserved/underbanked
19:18 Internet surveillance
24:11 How do we scale while preserving the principles
25:24 Cost of politics
27:29 Bitcoin is open to everyone
This talk took place at the 'Bitcoins in Bali' meetup on June 27th 2017 at the Hubud co-working space in Ubud, Bali, Indonesia:
https://antonopoulos.com/event/bitcoins-in-bali-meetup/NOTE: This talk was filmed prior to SegWit activation.
QUESTION & ANSWER:
Decentralized power, leaderless governance -
https://youtu.be/E5VbDlQTPzUWhat happens during a fork? -
https://youtu.be/XBk8hBJ1xVoHODLing and the "get free" scheme -
https://youtu.be/MhOwmsW1YNIRELATED:
Hard Promises, Soft Promises: Promoting Autonomy instead of Authority -
https://youtu.be/UJSdMFPjW8cWhere the Laws of Mathematics Prevail -
https://youtu.be/HaJ1hvon0E0Money as a System-of-Control -
https://youtu.be/FyK4P7ZdOK8Decentralisation and the Architecture of Power -
https://youtu.be/QlYgNH2t43UFungibility, privacy, anonymity -
https://youtu.be/y3s8c7YDtXUThe Switzerland of currencies -
https://youtu.be/pV83Qmy578cHODLing and the "get free" scheme -
https://youtu.be/MhOwmsW1YNIGovernance trade-offs in decentralised systems -
https://youtu.be/dtwaW79Fj7c 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/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.
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/aantonopSubscribe 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/2xcdsY9Translations of MASTERING BITCOIN:
https://bitcoinbook.info/translations-of-mastering-bitcoin/THE INTERNET OF MONEY, v1:
https://amzn.to/2ykmXFsTHE INTERNET OF MONEY, v2:
https://amzn.to/2IIG5BJTranslations of THE INTERNET OF MONEY:
Spanish, 'Internet del Dinero' (v1) -
https://amzn.to/2yoaTTqFrench, 'L'internet de l'argent' (v1) -
https://www.amazon.fr/Linternet-largent-Andreas-M-Antonopoulos/dp/2856083390Russian, 'Интернет денег' (v1) -
https://www.olbuss.ru/catalog/ekonomika-i-biznes/korporativnye-finansy-bankovskoe-delo/internet-denegVietnamese, 'Internet Của Tiền Tệ' (v1) -
https://alphabooks.vn/khi-tien-len-mangMASTERING ETHEREUM (Q4):
https://amzn.to/2xdxmlKMusic: "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 🌐
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