Can cryptocurrencies have an inflationary monetary policy? How do cryptocurrencies like Bitcoin fit into the global currency wars? Initially there wasn't enough demand in the economy, but as the reward diminishes over time, bitcoin will have a deflationary monetary policy and simulate a scarce resource like gold. But you can simulate whatever monetary policy you want.
Digital currencies are now part of the currency wars, because they are giving people all over the world a choice to exit the currency wars, one of the most powerful choices you can make. Within the currency, Bitcoin will act as the Switzerland of currencies. Even if governments start making them illegal to use, this does not destroy demand. In practice, cryptocurrency use has gone up after a country has banned it. Governments are failing in their role of delivering the fundamental functions of currency. When there is a dramatic spiral in an economy, the state takes the entire country hostage. People often haven't thought about money as a language or a technology, constructs that can be created and improved by anyone. So what if you can exit? It changes everything.
Chapters
0:00 Theoretically, is it possible to have inflation within bitcoin or other cryptocurrencies?
1:16 With all these cryptocurrencies emerging and rising around the world, Is there a possibility for a currency war, that we'll actually see in the world soon?
6:35 Bitcoin is not taking a side in these currency wars
The first and second questions are from a talk which took place on July 7th 2017 at a Bloktex event hosted by the Wisma BeeOn Group in Kuala Lumpur, Malaysia:
https://antonopoulos.com/event/the-future-of-money-kuala-lumpur-malaysia/Watch the full talk here:
https://youtu.be/HaJ1hvon0E0The third question is from a talk which took place on December 3rd 2016 at the Coinscrum {MiniCon}, hosted by Imperial College in London, England:
https://www.meetup.com/coinscrum/events/235709468/Watch the full talk here:
https://youtu.be/Bu5Mtvy97-4RELATED:
The 21 million supply cap -
https://youtu.be/AABkJ55Zz3AThe Killer App: Engineering the Properties of Money -
https://youtu.be/MxIrc1rxhyIPrice volatility, pegging, stability -
https://youtu.be/9KPyflyHP6sDivisibility and deflationary monetary policy -
https://youtu.be/xhLgxX_wU6EWill governments ban cryptocurrencies? -
https://youtu.be/LIQkuF_I5XoUnstoppable code -
https://youtu.be/AQx3E3F8Kz4Is Bitcoin a democracy? -
https://youtu.be/TC3Hq76UT5gThe War on Cash and Crypto -
https://youtu.be/BAlRKfvBnvwThe revolution in trust -
https://youtu.be/iWfpxB3HZOYGlobal financial crisis -
https://youtu.be/JU3gNC_ZPKMFungibility, privacy, anonymity -
https://youtu.be/y3s8c7YDtXUSolar energy and mining in space -
https://youtu.be/cusakcpa8AMAndreas 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/)
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