Date: 2024-10-19 Page is: DBtxt003.php txt00013412
Money / Cryptocurrencies
Blockchain
Andreas M. Antonopoulos ... Blockchain vs. Bullshit: Thoughts on the Future of Money / This keynote talk took place at the Blockchain Africa Conference on March 2nd 2017 at the Focus Rooms in Johannesburg, South Africa:
Burgess COMMENTARY
Peter Burgess
Blockchain vs. Bullshit: Thoughts on the Future of Money
https://youtu.be/SMEOKDVXlUo
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Published on Apr 22, 2017
In this talk 'Blockchain vs. Bullshit - Thoughts on the Future of Money,' Andreas outlines the necessary criteria that will help you distinguish blockchains from bullshit, and why the goal of developing this technology should not be 'banking the unbanked' but rather de-banking all of us.
This keynote talk took place at the Blockchain Africa Conference on March 2nd 2017 at the Focus Rooms in Johannesburg, South Africa: http://blockchainafrica.co/speakers/a...
TOPICS:
The hype and empty promises around 'blockchain' 2:30 Reconsidering info security, research in applied cryptography 4:45 Blockchains vs. databases 7:13 The essence of Bitcoin: revolutionizing trust 8:33 Open blockchains are the only ones that matter 10:24 Censorship resistance and other important characteristics 13:12 Criteria: blockchain or bullshit? 14:05 Fundamentally changing the allocation of trust 15:45 Permissioned 'distributed ledgers' are boring & insecure 16:43 Hey Wall Street, Anonymous is coming for your keys 21:48 Promising opportunities, solving the unsolvable problems 23:06 The 3 elements to success in this industry 24:50 The necessary steps to mature out of infancy 27:44
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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.
THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Mon... MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bi... Subscribe to the channel to learn more about Bitcoin & open blockchains! Outro 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/) Caption author (Chinese (China)) Quark Li Category Science & Technology License Creative Commons Attribution license (reuse allowed) Created using YouTube Video Editor Source videos View attributions SHOW LESS COMMENTS • 163 Peter Burgess Add a public comment... Top comments Peter Sosinski Peter Sosinski2 months ago Andreas has gotten very good at public speaking from some of his very first ones. Awesome to see him do this. Would love to see him in some debates with others. Reply 78 View all 7 replies Сатан Сатан3 weeks ago C manycrows, I don't think so, but we'll see Reply BenRickert BenRickert3 weeks ago Way to make it gross you slob. Reply Antônio Marcos Arduini Gonçalves Antônio Marcos Arduini Gonçalves2 months ago Bankers and politicians will keep fighting against disruptive technologies like cryptocurrencies. Andreas always throws some truths right on their faces. Reply 49 Omni Omni2 months ago I liked when he said first they mock it then they join it. Or something along those lines. Reply 8 Reda dea Reda dea1 month ago Antônio Marcos Arduini Gonçalves bicoin best nwo tool Reply John Tyson John Tyson2 months ago Buy Litecoin now or cry later. LTC will get segwit and lightning network soon. Reply 14 View all 19 replies Wolf Wolf1 week ago My math is bad? Because it was at $25 on June 15 and was around $50 yesterday. I guess that's not double. Maths is hard! Reply 1 MATT_POLO 2 MATT_POLO 22 days ago This comment section is cancer please no one take advice from anyone one in this section.. Think for yourself & check out the graphs on your own fucking sheeps -_- Reply Lanaa Lanaa2 months ago Everyone should at least own 1 bitcoin and 1 litecoin. Reply 15 View all 10 replies Daxxi Daxxi2 months ago +Smackbox ... You might just have invented https://lightning.network/ ;) Reply Smackbox Smackbox2 months ago (edited) +Daxxi, right, I've heard of lightning before but I don't know if it supports satoshi fractions? I wouldn't be surprised if it's easier to implement on lightning though so my thought when writing previous comment was also actually along the lines that hey maybe there's another reason to support adoption of lightning. Reply nipponese nipponese1 month ago This is one of the hardest, longest, most vicious rips on Ripple ever publicly distributed. lol
Reply 11 Eightk Eightk3 weeks ago nipponese what an icon Reply 1 messy messy1 week ago i felt that Reply 1 Curtiss Scott Curtiss Scott2 months ago 'Currency is the 'e-mail' of blockchains.' - Antonopoulos THAT statement is hitting the nail squarely on the head. (2) facts that the development geeks are still sadly slow to figure out is that if you develop a blockchain, people need [2] things in order for it to grow: [1] They need to be able to easily get the token (KeyS) and [2] They need to be able to exchange the token. And as a follow-up thought: Most people who want the token do NOT want to run the token's blockchain on their computer. KEY GENERATORS are vital and I will say that OFFLINE BULK KeyGens will make it happen. If you want to cripple the growth of your project - make your token available only to the nerds. Read more
Reply 10 The Baby-Boomer Miner The Baby-Boomer Miner2 months ago Outstanding information
Reply 9 aquapurity aquapurity2 months ago (edited) I have to disagree with +aantonop on this one. What Andreas is talking about are 'public' 'blockchains' which are of course profound and will eventually become absolutely amazingly dominant in time. And he challenged us to come up with a definition of blockchain... well it comes from Vinay Gupta: The blockchain is a new union of the 'database' and the 'network' where they become one. A private 'blockchain' with a more centralized consensus algorithm replacing the usual PoW is not just the same as a siloed database. Even if a private blockchain is a consortium blockchain without public PoW, it still has the properties of database+network and transaction=settlement. Using these new cryptographic approaches consortiums can easily add new members who are merely linked right at the protocol level instead of requiring integrations between siloed databases. This is different than what has come before. Private Wall Street consortiums will be able to use this technology in a more private setting. The EEA is proving this out. Of course, the analogy is with the early internet where companies created their own intranets, and eventually the network of networks (or intranets), the 'Internet', once it was properly secured, proved to be more valuable and powerful having direct access to all of society, and so the same will probably happen with blockchain technology. The public bockchains are where the true and real transformation and reprogramming of society occurs. But I think it is a mistake to say that a private non-public (non PoW or PoS) blockchain is nothing more than the siloed SQL database of yore. Read more
Reply 9 MONSQUEEKY MONSQUEEKY2 weeks ago aquapurity interesting point. Reply AXX VXX AXX VXX2 months ago If someone remembers e_coin from Mr robot evilcorp.... That's what is he is meaning about the con-fidence in the banking system
Reply 8 Pete Pete3 weeks ago AXX VXX lol there is E-coin and Allsafe coins on the market so buy now before season 3 of Mr.Robot comes out if it does :) Reply 1 elixxur elixxur1 month ago Dogecoin is the future! lol
Reply 7 View all 4 replies BenRickert BenRickert3 weeks ago So did Tulips Reply 3 MONSQUEEKY MONSQUEEKY2 weeks ago BenRickerts lol exactly Reply paulczar paulczar2 months ago Unfortunate architecture/room layout with that support beam splitting the stage. Weird. Reply 5 Etymology Etymology2 months ago Litecoin is the future
Reply 5 View all 11 replies Zachery Zachery1 month ago 1. 'The rest are scamcoins that copypasted BTC and added gimmicks.' There are plenty of alt coins that have started completely from scratch and not used the bitcoin code. So you are wrong there. 2. 'TC with Coinjoin + Confidential Transactions will kill all the anonymous coins' No, it won't. Coinjoin is not cryptographically anonymous. Zcash and Monero both have superior privacy tech. 3. What about Ethereum? It reused no code from Bitcoin, will soon have Zcash privacy technology (better than coinjoin), the next update will allow 2-4 second transaction confirmations, even before they implement a lightning network equivalent. All of that plus smart contract capabilities that give Ethereum MUCH more power than any other blockchain in existence. Not to mention that the largest companies in the world are now joining the Ethereum Enterprise Alliance and building on the blockchain. Read more Reply 3 BarrySandersSmooth BarrySandersSmooth1 month ago What do you guys think about the Waves platform (at about $1.25 now) from Sasha Ivanov? Reply Dan Lindy Dan Lindy1 month ago bitcoin will fork at least once this year in order to address scaling issues. probably august. when it does, the price on both forks will tank. fear does that to markets. by the time the dust settles, the combined value (capitalization) of both forks will already be higher than the original. those who owned bitcoin before the fork, and who did not get spooked into selling low, will be looking at a healthy profit. those who try to get in while the dust is settling may do well, or may lose their shirt, depending on how things shake out and whether they went all-in on the wrong fork. in this light, the current bull market makes sense. and it's fair to call it a bubble. buying bitcoin is not for the feint-hearted, but if you're going to get in, you don't want to take too long thinking about it. and if you do, DON'T PANIC! (no risk, no reward. just saying) Read more Reply 3 Anton Seim Anton Seim2 weeks ago I feel so fortunate to be able to watch these lectures for free. I'm looking at all these people who had to pay for their lanyard and I'm just sitting here at home getting to absorb this great information. Thanks Andreas! Reply 2 Thanduril Thanduril2 months ago (edited) IMHO hardware wallets are needed for mass adoption. People don't want to risk their private keys on a £1 ebay purchase. But if you get a Trezor it only supports about 3 currencies and there are thousands so it's not there yet. Reply 2 Cian Hogan Cian Hogan1 month ago Thanduril sounds like you are referring to the ' Token debit card ' Reply Thanduril Thanduril1 month ago No just hardware wallets with more supported coins. Reply Armando Anderson Armando Anderson2 months ago Finally, a single source video that explains fully; clearly; and powerfully this ridiculous notion of a private permissioned blockchain. Thanks Andreas!!
Reply 2 lgrrf lgrrf2 months ago 20:28 'removing the clearing house and replacing it with a consortium (aka cartel) of the same market makers who have manipulated and compromised every market in history and doing that in a way that closes this from transparency (...) is not a blockchain; that's a bullshit' Reply 2 Brett Ferguson Brett Ferguson2 months ago Andreas said that replacing the clearing house with a consortium of players that could have done the same thing with a database / shared database rather than a competetive uncontrolled market, they've just continued the existing paradigm of banking. It may be called a blockchain, but unless there's some mechanism to open the transactions and secure them against collusion of those players, then it isn't anything more than what exists today, it's just called something different. Proof of Work / Proof of Stake algorithms pit the players against each other so that they all value the blockchain for the same reason (it's independence from any player / cartel), and can all distrust each other equally. Meaning that the market is open to ALL participants, not able to be locked up by cartel players. Read more Reply Coin Daddy Coin Daddy3 days ago 1000years ago, if I told you at that time. telling you there was no longer use gold as money. we will use paper money.for sure, no one will believe it. and it even doesn't make sense a paper can be a currency or money when everyone is holding a gold Reply 1 interested party interested party1 month ago You can tell the guy is a salesmen. Reply 1 lehrjet31 lehrjet311 month ago what is money and what is currency because they are not the same thing I know what the difference is. Just because some widget has limited supply doesn't automatically make it have value and the only thing that is happening is people are buying bitcoin with the hope of dumping it on the next guy at a higher value it's like watching a bunch of penny stock pumpers. So what things in this world have real value Reply 1 Show more Autoplay Up next Andreas Antonopoulos - The Death of Money - PART 1/2 | London Real London Real 61,139 views 47:53 8:28 How I Make Money Online Adby Online Business 763,712 views × Bitcoin for Beginners aantonop 48,170 views 29:52 Rerailing 37273 Canton and Old Oak common breakdown gangs recover the loco james bolem Recommended for you 57:17 Oliver Stone - The Untold History of The US - How the US government works [Top Documentary Films] CTO Recommended for you 58:40 '60 Minutes' Presents: 21st Century Cons CBS News Recommended for you 40:02 Alternatives to Bitcoin | Andreas Antonopoulos | Bitcoin Massive Open Online Course BitCoinBoy 12,667 views 29:09 Andreas M. Antonopoulos educates Senate of Canada about Bitcoin (Oct 8, ENG) Bitcoin Embassy 115,037 views 1:52:47 The Story of Aaron Swartz, The