I think Andreas can come across as a bit tense at times - I think he is not totally comfortable in front of an audience - and you can see he's not totally comfortable here. And that's one of the reasons I trust Andreas so much - because he is primarily an intellectual, a technologist, a computer scientist, a scholar - for Andreas it is knowledge that is of the paramount importance - and that's the kind of person I want to hear from. Andreas's book 'Mastering Bitcoin' is a classic - what a wonderful text - the art of technical writing - I got so much out of this book - it really set me on firm ground with understanding Bitcoin. Andreas contributes so massively much to this space.
I show this vid to all my lay friends to introduce them to crypto. Its the very best presentation i have come over. So much compressed information, this man is a beast! Nails everything pretty much Very much olives
I am really amazed about his ability to formulate his thoughts about bitcoin in this very understandable manner as well as he instantly reacts on variety of questions. Very smart man, true bitcoin evangelist. Glad to see this video.
As a Business school graduate with Finance degree and years of experience, this hits home: "Finance is an application and money is a content type. " #AndreasAntonopoulos
Amazing speech! I'll be sure to share this as it carries a very important perspective that is easy to grasp. Cheers! P.S. Don't be fooled by Bitcoin Cash.
Rycons Rycons Bitcoin Cash was created by a hardfork of Bitcoin. Everyone who had Bitcoin on August 1st got the same amount Bitcoin Cash. They created BCash because the transaction fees of Bitcoin got to high. They Increased the blocksize from 1mb to 4mb to reduce them. Now the point is that it isn’t the right way to reduce the fees. Bitcoin Core developers ( real Bitcoin) are working hard to implement the lightning network in to Bitcoin what would be a network on top of the actual Blockchain to create peer to peer payment channels to reduce the Blockchain traffic and the need of bigger blocks. Segregated witness (Segwit) was implemented during a softfork of Bitcoin so Bitcoin is compatible to lightning. Bitcoin Cash didn’t implement Segwit. Imagine Bitcoin would etablish more and more, we would need bigger and bigger blocks. Maybe we would need in future 1GB blocks to process all transactions. That’s 1GB every 10minutes, or 144Gb everyday that need to be captured in to the Blockchain. This could cause a centralized Blockchain and the experiment has failed. Sorry if I made spelling mistakes, English isn’t my native speak. Best Regards!
They weren't, I sat in the crowd and there was a lot of laughs and giggles. But the sound guys knew what they were doing. If you check all the IIS keynotes from internetdagarna you'll think the speaker speaks to an empty room... =P Oh and yes Swedes being Swedes we might be a bit less loud than others... =)
Now only if someone could come up with a giant network spanning the world with free access to the internet without any control and censorship. Thats the only piece that will transform this world Forever.
So eventually when cryptocurrency becomes the main currency of internet, will Online products have stable BTC price and fluctuating USD price? For example, right now BTC is going up every hour so it costs more USD to buy 1 BTC. Therefore, if you pay with BTC to buy an iphone, it may cost 0.1 BTC now but 0.09 BTC an hour later, while it stays $800 USD the entire time. So in the future the prices will be marked with BTC and people who pay with USD will have to pay with different amount of USD to buy a certain product.
I taught about investing in bitcoin around July Feb 2018 but was discouraged because of the rise and fall of bitcoin. I don't if its still safe and ideal to invest and what platform is recommended.
Sure its wise to invest in bitcoin, but you have to hold one simple rule "Buy low and sell high". If you are in to make profits as an investor in crypto currency in general.
Already working with miss shelter trading services , 2nd week was the only week I had issues ever since then About six month of trading with miss shelter its been profitable and life changing.
Amazing talk! PS Bitcoin (and it's Alt coins) is the Altavista of blockchain. There are lots of problems unsolved. While some solutions at least already exist. PoS, sharding,... And The biggest obstacle is the need of exchanges, would like to see decentralized order matching and cross chain transactions
Studying crypto for years and the big problem is transition. Just like from oil to electricity. Adaptation reinforcement is the biggest issue we need to look at. Bitcoin will take over but the rate is in question.
18:45 I can't believe im correcting Andreas but bitcoins are not sent to your smartphones. A private key that enables you to have access to your bitcoin, which lives on the bitcoin network, is sent to your smaiphone. .
Imagine how different today's business landscape would be if those who spoke negatively about the World Wide Web in the 90s, claiming it would consume all of Earth's energy, had prevailed. Similarly, skeptics once dismissed email, insisting it would never gain widespread use. Now, with Bitcoin, we see another revolutionary technology challenging conventional wisdom, echoing the historical pattern of skepticism preceding adoption and innovation.
Blockchain is changing the world. Not bitcoin. Bitcoin is old 2009 tech which has no place in the current blockchain space. Just look at the other alts like Ethereum, NEO, etc. Bitcoin is like an old typewriter in comparison.
Etherium is like the shitstain of the crypto currency world... 'SMART' contracts are actually dumb contracts that no one wants to get trapped into! The creators of Etherium already demonstrated that to their investors when they intentionally wrote a dumb contract for the dao, just so they could show how they can finagle money out of people by trapping them into a badly coded contract that they didn't realize was badly coded. BTC doesn't have a complex layer like that which can be programmed poorly intentionally... You can build another layer to do distributed code, and have the secure BTC layer on top! That's the right way to do something like that! Keep money as money, build other systems on top of it instead of building it INTO the system!
Well wiki would disagree with you: en.wikipedia.org/wiki/Anne-Marie_Eklund_Löwinder She actually made a quite clever reply mentioning ascii art porn. So, only your ignorance made her look like she didn't know what she was talking about.
Money is a language ??? naaahh .. I would say it is a "amount" used as one part in a trade, and that amount is a subset of an individually controlled quantity that ... 1. can only be reduced by the decision of the individual(s) who has access to that quantity 2. that the reduction in that quantity can only occur if that exact "amount" is added to another quantity (whether or not that quantity is accessible by one or more individuals)
Why did he have to say "money has no value itself"? That's correct but the moneyness comes from three uses (not merely a "language", which it isn't, actually9: store of value, payment medium and accounting unit. 3 uses (utility, which + priority = value) which give it value (and value is subjective, always).
@ 20:00, "I was talking about changing the world, and these people don't know how an exchange works." Maybe some entry level courses for these people first, before talking to adults.
Tenebrousable I could see that lol but in all seriousness how will bit coin work if something like that happens? If power does go out, then the economy is fucked therefore have any fail safe alternatives been made addressing this problem I know that they make hardware crypto wallets but again it requires power....
In all seriousness, my earlier comment answers all your questions still. Food rot in days without power, had they physical cash or not, without power, bitcoin or not. And we VERY rarely have cash more than a day or two's spending. Debit cards don't work without power either. Blockchain will remain static on the miners computers, waiting for the power to go back on. Bitcoin won't go away before the internet is permanently destroyed and last backup of the hundreds of thousands copies are destroyed. Not before every last one. Bitcoin doesn't make our dependancy of electricity worse or better. Allright?
Andreas is a great speaker and I have followed him for a while but why is he not screaming about how the banks have taken control of bitcoin???? WHAT IS GOING ON!
Its called 'Block chain' technology, It does have borders , Like China, Its not money. Its a digital item, That has a value linked to it via the stock market. It can be traded ,like anything else, you buy it, later you could sell the coin, If you make profit I am sure you are open to sales tax like with anything else you sell. People can take the coin as payment, same as they now have the option to accept rice or a table as payment for something instead of money. This is not money. What is ground breaking is 'block chain'. A shared record. So if one computer is hacked the other computers with the shared record will notice it is wrong. The block chain is encrypted which involves mining. You need very fast GPU's for mining. This is driving the GPU industry. This is also helping the artificial intelligence industry. Bitcoin is like digital gold because there is a max of 20,000,000 coins - As people spend more to buy the coins the value of the coin increases, Its not money. It will grow in value, improve in function with smart contracts which will really help the world do business. Money will always remain. Bitcoin is an item, but like any item it can be used to trade for goods, similar to how I can swap a table for coffee. Right now Bitcoin is increasing in value, so people mostly are trading bitcoin for money & not items. Money remains. The coins are digital items which can be sold or traded - A table is a real world item which can be sold or traded. Countries that outlaw crypto coins will be left behind in a weaker position. I think China banned the coin because they didnt want people to get rich, They need to maintain a cheap labour workforce to keep the worlds factories going. Im sure rich Chinese investor simply bought coins outside of China. It will return to legal in China after the price rises so the poor cannot benefit. Same for Morocco. The price is going up & down now related to happy and scare news stories related to wall street stock market. While the coin is on the way up. People will speculate so the price will rise & drop often. Long term for some coins its going to rise and Im sure some coins will decrease also. So many new jobs will be created linked to this market. Its great.
It is money! Just wait until the paper money in your wallet doesn't come from a central bank either! It'll be paper money with a block chain, cryptographically secured so you can know it's legit! A 1 BTC Paper note :D The paper will be different than the crypto though in that it won't be transferable digitally, so you couldn't just swipe the 1BTC off the paper money, the person who has the paper note has the 1 BTC! :D
Now that's interesting, and NOT surprising. Switzerland, one of the most developed, richest nations on Earth, with the HIGHEST STANDARD of living, embraces crypto's. While more backward countries denounce them. It seems crypto's ARE the future after all. They've just been recognized by the World masters of banking. I would recommend for EVERYONE to get on board , even micro bits will serve you well . It's time for the MIGHTY BITCOIN to reign supreme .
I like his pronunciation, easy to understand, good tempo. Great speaker.
Cause he is half Greek.
WHO'S HERE IN 2021?! Great speech.
2024 :)
Great talk
Andreas his speeches are still relevant in 2024. His content is still the best out there.
I think Andreas can come across as a bit tense at times - I think he is not totally comfortable in front of an audience - and you can see he's not totally comfortable here. And that's one of the reasons I trust Andreas so much - because he is primarily an intellectual, a technologist, a computer scientist, a scholar - for Andreas it is knowledge that is of the paramount importance - and that's the kind of person I want to hear from. Andreas's book 'Mastering Bitcoin' is a classic - what a wonderful text - the art of technical writing - I got so much out of this book - it really set me on firm ground with understanding Bitcoin. Andreas contributes so massively much to this space.
word, past howard. i'll yet have to read it
Legend. Been watching him for years
I show this vid to all my lay friends to introduce them to crypto. Its the very best presentation i have come over.
So much compressed information, this man is a beast!
Nails everything pretty much
Very much olives
Andreas Antonopoulos, excellent as always.
Money is a language
Mind = blown
If you like this, check out Charles Eisenstein and his 'Sacred Economics' talks and books.
I truly believe that Bitcoin will change the world for good. It will also change the situation of poor people in Africa.
You make it simple to understand. Thank you Andreas!
about.google/intl/ALL_th/stories/year-in-search-2020/?.google&😴😷
This will be the most watched video of this channel period.
LIFE CHANGING!!!!!!
I am really amazed about his ability to formulate his thoughts about bitcoin in this very understandable manner as well as he instantly reacts on variety of questions. Very smart man, true bitcoin evangelist. Glad to see this video.
It's so difficult to imagine a world where everybody has the same rights and follows the same rules without asking the rulers for permission to exist!
As a Business school graduate with Finance degree and years of experience, this hits home: "Finance is an application and money is a content type. " #AndreasAntonopoulos
24:42 Speaker: "(internet back in 1994)... only text. No porn." Lady: "Oh you don't know ASCII art."
Best response ever.
Amazing speech! I'll be sure to share this as it carries a very important perspective that is easy to grasp. Cheers!
P.S. Don't be fooled by Bitcoin Cash.
Damien Parsons
It's called Bcash. 😉
Btrash
Why? I have only btc. But curious on bcash
Rycons Rycons Bitcoin Cash was created by a hardfork of Bitcoin. Everyone who had Bitcoin on August 1st got the same amount Bitcoin Cash.
They created BCash because the transaction fees of Bitcoin got to high.
They Increased the blocksize from 1mb to 4mb to reduce them. Now the point is that it isn’t the right way to reduce the fees. Bitcoin Core developers ( real Bitcoin) are working hard to implement the lightning network in to Bitcoin what would be a network on top of the actual Blockchain to create peer to peer payment channels to reduce the Blockchain traffic and the need of bigger blocks. Segregated witness (Segwit) was implemented during a softfork of Bitcoin so Bitcoin is compatible to lightning. Bitcoin Cash didn’t implement Segwit. Imagine Bitcoin would etablish more and more, we would need bigger and bigger blocks. Maybe we would need in future 1GB blocks to process all transactions. That’s 1GB every 10minutes, or 144Gb everyday that need to be captured in to the Blockchain. This could cause a centralized Blockchain and the experiment has failed.
Sorry if I made spelling mistakes, English isn’t my native speak.
Best Regards!
Rycons Rycons graymalin.com/photography/praiano
This crowd seems dead lol. This speech is amazing
They weren't, I sat in the crowd and there was a lot of laughs and giggles. But the sound guys knew what they were doing. If you check all the IIS keynotes from internetdagarna you'll think the speaker speaks to an empty room... =P
Oh and yes Swedes being Swedes we might be a bit less loud than others... =)
it's because we can only hear the output of his mic, not the actual noise in the room.
We know when to pay attention :-)
"conservative like that"? People show respect and listen to the speech.
Not everyone need to be like loudmouthed americans.
When Andreas speaks you listen 👂!
I need to start working for this guy!
lol, are you also invested in Bitcoin?
If we are in the Matrix Andreas is the Oracle. Since we are in the Matrix, he is the Oracle.
2024 and all still relevant. I love Andreas 🎉THANKS ANDREAS FOR ORANGE PILLING ME!!!! Life hasn’t been the same since. Fundamentally all strong!! 🤙🏻
Andreas Antonopolous = LEGEND!!
I always get so pumped when I listen to Andreas.
best summary so far, great work!
Now only if someone could come up with a giant network spanning the world with free access to the internet without any control and censorship. Thats the only piece that will transform this world Forever.
Hi from the future! We're about to roll out a network on internet satellites spanning across the globe
You can tell he is a very intelligent and wise person
Big respect !!
Aged well!
Andreas video editor is Filipino...and he pays him or them in bitcoin...Wow, im a Filipino..Filipinos are brilliant, trustworthy workers:)))
Thank you!
You are great Andreas!
Bloody amazing speech
When was this event?
This is simply brilliant!
Meritorious Speech 🥇
Great Talk. Lots of work ahead! : D
I love this guy. I'd really take my hat off to him.
Leader, here is your globalization.
So eventually when cryptocurrency becomes the main currency of internet, will Online products have stable BTC price and fluctuating USD price? For example, right now BTC is going up every hour so it costs more USD to buy 1 BTC. Therefore, if you pay with BTC to buy an iphone, it may cost 0.1 BTC now but 0.09 BTC an hour later, while it stays $800 USD the entire time. So in the future the prices will be marked with BTC and people who pay with USD will have to pay with different amount of USD to buy a certain product.
You have no idea what you're talking about.
Yes lets flip the tables on em ! :D
Protect the internet!
This guy, Andreas, made me cry
7 bankers disliked :)
Heehee!...indeed sir.
I taught about investing in bitcoin around July Feb 2018 but was discouraged because of the rise and fall of bitcoin. I don't if its still safe and ideal to invest and what platform is recommended.
Sure its wise to invest in bitcoin, but you have to hold one simple rule "Buy low and sell high". If you are in to make profits as an investor in crypto currency in general.
Miss shelter trading services handles my trades.
Already working with miss shelter trading services , 2nd week was the only week I had issues ever since then
About six month of trading with miss shelter its been profitable and life changing.
Amazing talk! PS Bitcoin (and it's Alt coins) is the Altavista of blockchain. There are lots of problems unsolved. While some solutions at least already exist. PoS, sharding,... And The biggest obstacle is the need of exchanges, would like to see decentralized order matching and cross chain transactions
This age so well. Bitcoin for ever
Studying crypto for years and the big problem is transition. Just like from oil to electricity. Adaptation reinforcement is the biggest issue we need to look at. Bitcoin will take over but the rate is in question.
Perfect breakdown of why its important
Permissionless banking, love it.
At 11:00 he started to talk about NFT’s wild. Here we are in 2022 and we have just that in just 4 years.
Who’s here in 2024, 75 days till halving LFG 🙌
18:45 I can't believe im correcting Andreas but bitcoins are not sent to your smartphones. A private key that enables you to have access to your bitcoin, which lives on the bitcoin network, is sent to your smaiphone. .
Aye. But this was a high-level talk and not everyone would understand it.
For all intents and purposes of the end user, bitcoin is on your phone
Most excellent
Imagine how different today's business landscape would be if those who spoke negatively about the World Wide Web in the 90s, claiming it would consume all of Earth's energy, had prevailed. Similarly, skeptics once dismissed email, insisting it would never gain widespread use. Now, with Bitcoin, we see another revolutionary technology challenging conventional wisdom, echoing the historical pattern of skepticism preceding adoption and innovation.
Love this guy
Andreas is the man!!!!!!
2024 and I am still watching...
What a great speaker!
Interesting the date and location of this event in respect to global assets and the bull run that ensued. Was this the spark of the 2017 big bang?
3:44 money is a language to express value beyond the Dunbar number
5:13 flat, no servers, all clients. Clients without servers. masters without slaves
10:04 self aware ...software as a self service
Great work
amazing speech as always.... you have been working on your "walking" ;) love it
Blockchain is changing the world. Not bitcoin. Bitcoin is old 2009 tech which has no place in the current blockchain space. Just look at the other alts like Ethereum, NEO, etc. Bitcoin is like an old typewriter in comparison.
Etherium is like the shitstain of the crypto currency world... 'SMART' contracts are actually dumb contracts that no one wants to get trapped into! The creators of Etherium already demonstrated that to their investors when they intentionally wrote a dumb contract for the dao, just so they could show how they can finagle money out of people by trapping them into a badly coded contract that they didn't realize was badly coded. BTC doesn't have a complex layer like that which can be programmed poorly intentionally... You can build another layer to do distributed code, and have the secure BTC layer on top! That's the right way to do something like that! Keep money as money, build other systems on top of it instead of building it INTO the system!
Aged like milk 😂😂😂
18:20 the host is saying malaka to andreas
kinda odd to see the 2 hosts after such an intelligent speech.....
It's true. The lady seemed like she'd never sent an email before.
Well wiki would disagree with you: en.wikipedia.org/wiki/Anne-Marie_Eklund_Löwinder
She actually made a quite clever reply mentioning ascii art porn. So, only your ignorance made her look like she didn't know what she was talking about.
Lol she's one of 32 people around the world in the Internet Hall of Fame
10:08 really scared me
especially scary: 11:10
Flugstein damn.....you!!!!! Made me spill my drink all over the place😂😂😂😂 well done!
Same happened at 15:46 here: th-cam.com/video/rZ8EDUkPuqw/w-d-xo.htmlm46s
Rewiring Humanity...with fairness.WOW
Money is a language ??? naaahh .. I would say it is a "amount" used as one part in a trade, and that amount is a subset of an individually controlled quantity that ...
1. can only be reduced by the decision of the individual(s) who has access to that quantity
2. that the reduction in that quantity can only occur if that exact "amount" is added to another quantity (whether or not that quantity is accessible by one or more individuals)
Why did he have to say "money has no value itself"? That's correct but the moneyness comes from three uses (not merely a "language", which it isn't, actually9: store of value, payment medium and accounting unit. 3 uses (utility, which + priority = value) which give it value (and value is subjective, always).
@ 20:00, "I was talking about changing the world, and these people don't know how an exchange works." Maybe some entry level courses for these people first, before talking to adults.
What happens if the power goes out?
Than all the banks are finished.
90% of mankind starves to death, bitcoin or not.
Tenebrousable I could see that lol but in all seriousness how will bit coin work if something like that happens? If power does go out, then the economy is fucked therefore have any fail safe alternatives been made addressing this problem I know that they make hardware crypto wallets but again it requires power....
In all seriousness, my earlier comment answers all your questions still. Food rot in days without power, had they physical cash or not, without power, bitcoin or not. And we VERY rarely have cash more than a day or two's spending. Debit cards don't work without power either. Blockchain will remain static on the miners computers, waiting for the power to go back on. Bitcoin won't go away before the internet is permanently destroyed and last backup of the hundreds of thousands copies are destroyed. Not before every last one.
Bitcoin doesn't make our dependancy of electricity worse or better. Allright?
Tenebrousable thanks for going in more depth I appreciate it
Thought that was my finder that made the sound haha :)
Imagine if flux and Kadena with Pact existed before this speech. It would be so much more complete and made "whole"
Best video I have seen on crypto in a long time $ltc $vtc $btc are the future.
Wow that was so amazing!!!
“Oppressed countries with terrible governments” know thyself, an apt definition of US.
Imagine Andreas,Michael Saylor and Pomp at the dinner table!?
Excelent, brave!
Still new knowledge can be learn as bitcoin progress 🎉🎉🎉🎉❤❤❤❤
10:08 The files moving sound effect scares me
Can someone make this into a song
I still can’t get my head round it.
Culture, religion, language and money as a way of transcending the limits of dunbars number. Holy shit. This makes sense on so many levels.
brilliant
Reminds of Paul Krugman's views on Bitcoin and Internet x)
Andreas is a great speaker and I have followed him for a while but why is he not screaming about how the banks have taken control of bitcoin???? WHAT IS GOING ON!
9:00 more relevant than ever..
Unfathomably based.
Andreas 👍
i wish i could watch this years ago
i love the bubble man!!!
Its called 'Block chain' technology, It does have borders , Like China, Its not money. Its a digital item, That has a value linked to it via the stock market. It can be traded ,like anything else, you buy it, later you could sell the coin, If you make profit I am sure you are open to sales tax like with anything else you sell. People can take the coin as payment, same as they now have the option to accept rice or a table as payment for something instead of money. This is not money. What is ground breaking is 'block chain'. A shared record. So if one computer is hacked the other computers with the shared record will notice it is wrong. The block chain is encrypted which involves mining. You need very fast GPU's for mining. This is driving the GPU industry. This is also helping the artificial intelligence industry. Bitcoin is like digital gold because there is a max of 20,000,000 coins - As people spend more to buy the coins the value of the coin increases, Its not money. It will grow in value, improve in function with smart contracts which will really help the world do business. Money will always remain. Bitcoin is an item, but like any item it can be used to trade for goods, similar to how I can swap a table for coffee. Right now Bitcoin is increasing in value, so people mostly are trading bitcoin for money & not items. Money remains. The coins are digital items which can be sold or traded - A table is a real world item which can be sold or traded. Countries that outlaw crypto coins will be left behind in a weaker position. I think China banned the coin because they didnt want people to get rich, They need to maintain a cheap labour workforce to keep the worlds factories going. Im sure rich Chinese investor simply bought coins outside of China. It will return to legal in China after the price rises so the poor cannot benefit. Same for Morocco. The price is going up & down now related to happy and scare news stories related to wall street stock market. While the coin is on the way up. People will speculate so the price will rise & drop often. Long term for some coins its going to rise and Im sure some coins will decrease also. So many new jobs will be created linked to this market. Its great.
It is money! Just wait until the paper money in your wallet doesn't come from a central bank either! It'll be paper money with a block chain, cryptographically secured so you can know it's legit! A 1 BTC Paper note :D The paper will be different than the crypto though in that it won't be transferable digitally, so you couldn't just swipe the 1BTC off the paper money, the person who has the paper note has the 1 BTC! :D
About Mining. In Venezuela mining is perhaps a good deal.
Zimbabwe too, cut inflation.
Now that's interesting, and NOT surprising. Switzerland, one of the most developed, richest nations on Earth, with the HIGHEST STANDARD of living, embraces crypto's.
While more backward countries denounce them. It seems crypto's ARE the future after all. They've just been recognized by the World masters of banking. I would recommend for EVERYONE to get on board , even micro bits will serve you well . It's time for the MIGHTY BITCOIN to reign supreme .
19:54 get dat dank kush boi
Love it
That first joke about the weather did not go too well, the Swedes need to lighten up!
🔥🔥🔥🔥
2024 He's still the GOAT
There is no second option. Buy BITCOIN and hold it forever. That´s what I am doing. Cris, from Brazil
Blockchain ask the question why, and answers the question why, so why not?
Metaverse is the first evolution of the "intranets" he speaks of. Meta should be decentralized, not in the backyard of a Facebook silo.. like twitter