Banks are investing hundreds of millions of dollars in the blockchain ecosystem, training tens of thousands of developers to build things that won't work. The future role of banks in the economy. Horse carriages in Central Park did not completely disappear because of cars. They will be used for legacy applications. "Centralised blockchains" are a contradiction in terms because the purpose of a blockchain is to allow for/ increase decentralisation. Banking as an institution is obsolete; it may take 20-30 years before you see that ripple through the world, but it will. I'm hoping the best of the best of these developers take a couple of years getting bored doing proof-of-concept on reinventing spreadsheets, and then use their Christmas bonus to fund a start-up that will compete against their former employer who taught them how to do this. I've talked to people from these banks who've done this. Competition will determine the outcome in the market, and if you continue to build horse buggies in the age of the automobile, you go out of business. The dinosaurs will survive but they will change and lose enough power until they become chickens. That's what happened to the dinosaurs, and we have their children for breakfast every morning.
Chapters
0:00 Banks, they play a huge role in our economy. What is going to happen with them? What is going to be the bank's role in 2018? Are they going to disappear?
0:49 That's actually what they're doing right now, with the blockchain that they're building. The centralized blockchain.
1:53 In Sydney, there's a lot of talk about blockchain, because there's a lot of fear from the banks. How can we use the fear from the banks to make sure we build the ecosystem and do all the great things that we want to do?
The first clip is from a talk which took place on October 19th 2016 at the Bitcoin Wednesday Meetup in Amsterdam, Netherlands:
https://www.meetup.com/BitcoinWednesday/events/234498117/Event Info:
http://www.bitcoinwednesday.com/event/special-edition-19-october-2016/Presentation Info:
http://www.bitcoinwednesday.com/antonopoulos-money-under-surveillance/Watch the full talk here:
https://youtu.be/3MLy5Z5ISeAThe second clip is from a talk which took place on September 20th 2016 at the @SFBTCMeetup in San Francisco, California:
https://www.meetup.com/San-Francisco-Bitcoin-Social/events/228473660/Watch the full talk here:
https://youtu.be/UJSdMFPjW8c"Chiken Eggs" by Proof-of-Beats:
https://soundcloud.com/proofofbeats/chiken-eggsRELATED:
Bitcoin and the Banks: Five Stages of Grief -
https://youtu.be/43Ucj6_Erb0The end of vampire-squid financing -
https://youtu.be/yyXOQG5iNWoBitcoin Security: Bubble Boy and the Sewer Rat -
https://youtu.be/810aKcfM__QThe Stories We Tell About Money -
https://youtu.be/ONvg9SbauMgFake News, Fake Money -
https://youtu.be/i_wOEL6dprgThe Killer App: Engineering the Properties of Money -
https://youtu.be/MxIrc1rxhyIOpen Blockchains for Cashless Developed Economies -
https://youtu.be/eo-0BgrKxiISeparation of money and state -
https://youtu.be/jGmtRA9S7_YHow will the currency war affect companies? -
https://youtu.be/c9MIM2vZUZcICOs and financial regulation -
https://youtu.be/Plu_WX3Gs8EICOs and responsible investment -
https://youtu.be/C8UdbvrWyvgAre you a banker wondering whether Bitcoin and open blockchains are about to disrupt your industry? I have a playlist for you:
https://www.youtube.com/playlist?list=PLPQwGV1aLnTu45KFS6Sq6Z05qToY-n_k2Andreas 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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