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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/E5VbDlQTPzU
What happens during a fork? - https://youtu.be/XBk8hBJ1xVo
HODLing and the "get free" scheme - https://youtu.be/MhOwmsW1YNI

RELATED:
Hard Promises, Soft Promises: Promoting Autonomy instead of Authority - https://youtu.be/UJSdMFPjW8c
Where the Laws of Mathematics Prevail - https://youtu.be/HaJ1hvon0E0
Money as a System-of-Control - https://youtu.be/FyK4P7ZdOK8
Decentralisation and the Architecture of Power - https://youtu.be/QlYgNH2t43U
Fungibility, privacy, anonymity - https://youtu.be/y3s8c7YDtXU
The Switzerland of currencies - https://youtu.be/pV83Qmy578c
HODLing and the "get free" scheme - https://youtu.be/MhOwmsW1YNI
Governance 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/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.

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

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

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/joinaantonopyt
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