The coming global financial crisis (GFC). What will happen in Bitcoin and other cryptocurrencies? Some people are a bit gleeful about the idea of a global financial crisis, that it will "send bitcoin to the moon." Beware what you wish for. Small-scale regional crises could show people why alternative systems (to protect against inflation and currency controls, for refugees to send money home, etc) are better and give them an opportunity to escape. Remember that such events would cause investment to dry up. During the crisis in Greece, people didn't flock to buy gold or bitcoin, because they didn't have any money in the bank! They took out their paychecks as fast as they could and tried to make it until next week. Ugly, sudden, painful crises kill, imprison, and persecute a lot of people. Gradual, non-violent transitions to superior systems are obviously preferred. The way to achieve success is through informed choice, not desperation. You're all here because you chose to be, and that's how we'd like to keep it.
Chapters
0:00 Do you think there will be a repeat of the financial crisis that happened in 2008 - 2009? What will the reaction of Bitcoin and the other cryptocurrencies across the world be?
1:07 Small-scale regional crises are beneficial for alternative systems of money
1:45 People who don't have money can't invest, right?
3:11 I hope we have a gradual, non-violent, and copacetic transition to a superior technology that serves the needs of people
This is part of a talk which took place on June 6th 2017 at a joint meet-up with Blockchain Professionals, BitcoinSYD and SydEthereum in Sydney, Australia:
https://antonopoulos.com/event/blockchain-professionals-sydney/Watch the full talk here:
https://youtu.be/rpeceXY1QBMRELATED:
Will Bitcoin save us from a global currency crisis? -
https://youtu.be/U3S7vQrNOAIWhat will replace our current banking system after the currency crisis? -
https://youtu.be/XKG_8_GLWXATrump and the economic crisis -
https://youtu.be/GUXnj99s_KoThe Currency Wars and Bitcoin's Neutrality -
https://youtu.be/Bu5Mtvy97-4The War on Cash and Crypto -
https://youtu.be/BAlRKfvBnvwHow will the currency war effect companies? -
https://youtu.be/c9MIM2vZUZcDivisibility and deflationary money -
https://youtu.be/xhLgxX_wU6EThe separation of money and state -
https://youtu.be/jGmtRA9S7_YThe end of vampire-squid financing -
https://youtu.be/yyXOQG5iNWoA voluntary alternative to mandatory currencies -
https://youtu.be/5ogv3Eya9nQAndreas 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/aantonopOutro 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. 📈
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