How do the unbanked get cryptocurrencies? How will Bitcoin scale at all layers to become reliable and useful as a retail currency? It's currently the most useful for store-of-value (SoV), import/ export businesses, remittances and cross-border transactions. The SegWit soft fork was not only a block size increase and transaction malleability fix, but it also enabled second-layer solutions. Building a system that is easy to use, yet incredibly complex in the background, necessitates that we don't settle for simple answers. You don't need to understand how BGP works in order to use the internet. If you had told a person in the early 1900s that we would electrify the world, or re-pave roads to be suited for cars in a few decades, or have a real-time video conference over Skype with someone on the other side of the world, they would have written a PhD on why that was impossible. Stop only thinking about bigger 'pipes' and start making the data smaller. The scaling solutions that are being considered and developed right now will enable thousands and then millions of transactions per second in the next few years.
Chapters
0:00 How do you see unbanked people acquiring cryptocurrencies when they don't have access to classical financial instruments?
1:22 We first need to make it better, bigger, and faster
1:52 We will scale and it will be unimaginably complex
4:54 I don't need to understand it in order for it to work
5:23 The way we include poor people is through a relentless process of optimization and scaling that takes decades
This talk took place at the Riga Art Space for the Baltic Honeybadger conference on November 25th 2017 in Riga, Latvia:
https://antonopoulos.com/event/baltic-honeybadger-2017/Watch the rest of the talk here:
https://youtu.be/n4F-h4xuXMkRELATED:
Delivering Liberty, At Scale -
https://youtu.be/AecPrwqjbGwThe Killer App: Engineering the Properties of Money -
https://youtu.be/MxIrc1rxhyIBeyond Price: Bitcoin's Impact on the Future -
https://youtu.be/rvwVbRQ5YscIntroduction to the Internet of Money -
https://youtu.be/rc744Z9IjhYThe Lightning Network -
https://www.youtube.com/playlist?list=PLPQwGV1aLnTurL4wU_y3jOhBi9rrpsYyiWhy I earn bitcoins instead of buying them -
https://youtu.be/Ci7TyD8jETYWhere can I buy and spend bitcoin? -
https://youtu.be/RPR5dtmXnY8How much bitcoin do you have? -
https://youtu.be/DJtM9mR7cOUScaling is a moving target -
https://youtu.be/pT9kJq_OgrkScaling, trust, and trade-offs -
https://youtu.be/vCxmHwqyJWUFrom barter to abstract money -
https://youtu.be/KYsppZoHguQThe internet will eat your business -
https://youtu.be/DXLZSgf4b8QJob opportunities with cryptocurrencies -
https://youtu.be/89_p4pDlQtIImpact of smart contracts on law and accounting -
https://youtu.be/K-TRzuPwJCcBorderless money -
https://youtu.be/EZh1-ZqffOwFungibility, privacy, anonymity -
https://youtu.be/y3s8c7YDtXUHODLing and the "get free" scheme -
https://youtu.be/MhOwmsW1YNIWhat is the biggest adoption hurdle? -
https://youtu.be/jHgyHF3F2TIHyperbitcoinization -
https://youtu.be/AB5MU5fXKfoAltcoins and the scaling debate -
https://youtu.be/slbpdW-H3ykBiggest threat to cryptocurrencies -
https://youtu.be/MNXSDaD97x0How do I choose a wallet? -
https://youtu.be/tN6b62sEpsYIntrinsic vs. extrinsic assets -
https://youtu.be/KDtfFNZy9xgAndreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and 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=UTF8[NEW] THE INTERNET OF MONEY, v2:
https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/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. 🧠
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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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