Excellent presentation Andreas. "You can lock up a mouse or a man but you can't lock up an idea." - Tommy Douglas, 1944 / A can of worms has been opened.
Wow! This is the best explanation I have ever seen regarding the disruptive, game-changing technology of #bitcoin. This explains the exact reasons we are building OmniBazaar.
This was a fine piece of work you demonstrated at your conference young man and I look forward to more informative info from you. Keep up the forward progress...Glad your on my team.
If it sounds too good to be true, it probably is. I understand and accept some of the arguments for Bitcoin. It is deplorable how governments and individuals manipulate money and Bitcoin seems to flatten inequities. But I do not want money to become increasingly abstract. Bitcoin sounds like close to a complete mathematical abstraction. And this is scary to me, just as credit default swaps and derivatives were/are. If it were to pick up momentum, it could be manipulated into a bubble of colossal proportion.
Hey Andreas Congratulations! Great Speech. Good Luck on the rest of you crypto-projects. Thanks again for all the hard-work and time you put into getting my OpenBitcoinStore up and running. Its great to see someone like yourself so active in the Bitcoin community. Viva La Bitcoin -Lets keep in touch! -Mike @ The Bitcoin Mining Outlet
Bitcoin is one of the most important inventions of the last 20 years. Unless you are a computer scientist, you may not know that the concept of a decentralized network that could achieve consensus (agreement) without any central controlling authority was an unresolved problem in computer science called Byzantine Generals' Problem. Bitcoin solved this problem in 2008 and that in itself is truly revolutionary. Bitcoin developer Andreas Antonopoulos said "I discovered Bitcoin for the first time in 2011 and, since the Internet, I have not felt this feeling of being completely overwhelmed by the possibilities that I saw. I was there at the dawn of the Internet in 1991 when it was pre-commercial. And I could see that this was going to change the world but couldn't tell everyone around me because no one believed me. And I have that exact same feeling about Bitcoin." Ignore the price. Ignore Bitcoin the money and understand Bitcoin the technology, the invention, and the network it creates. Because if we mess up the money we'll just reboot another currency. The invention of Bitcoin, the technology that makes it possible, cannot be un-invented. And it creates the possibility for decentralized organization on a scale never before seen on this planet. Today in the world approximately 1 billion people have access to banking, credit and international finance capabilities. Primarily the upper classes and the western nations. 6 and a half billion people on this planet have no connection to the world of money. They operate in cash based societies with very little access to any international resources. They don't use banks. 2 billion of these people are already on the Internet. And with a simple application download, they can immediately become participants in an international economy using an international currency that can be transmitted anywhere with no fees and no government controls. And they can connect to a world of international finance that is completely peer to peer. So Bitcoin is the money of the people. At its core Bitcoin is simple mathematical rules that everyone agrees on with no controls. The possibility of bringing 6.5 billion into productive society by connecting them to the rest of the world is truly revolutionary. First we're going to start affecting the payment processors; these enormous companies that make it more expensive to send money the poorer the destination country is. A situation that is exploitative and corrupt. And these organizations make enormous amounts of profit for a function that can be done in Bitcoin for free! So, as the adage of the Internet once went, "I just replaced your entire industry with 100 lines of Python code." And that is the case with Bitcoin. One of the most important principles of the Internet is neutrality. The Internet doesn't know the difference between CNN and an Egyptian blogger. Likewise Bitcoin is neutral to sender and recipient and also to the value of the transaction. And it also gives every citizen and user of Bitcoin the same ability to innovate in terms of financial innovation, in terms of payment systems and use the currency with exactly the same facility that a bank has. YOU can become and operate on the same level as Citibank. It takes a hierarchical system of international finance that up to now has achieved security by limiting access (since that is the main system of trust on our payment systems; you can't get in unless you're vetted) and it turns that on its head and creates a completely flat and decentralized network where every node is equal and the protocol is neutral to any and all transactions. And pushes innovation to the edge of the network. This allows the same phenomenon we saw on the Internet: Innovation without permission. You don't need to ask anyone if your application can be published on the Internet. You don't need to ask anyone to completely subvert a new industry with your information technology. With Bitcoin you don't need to ask anyone to invent a new financial instrument, a new payment system or a new service. You can just do it. You can write the code and you are now part of an international financial network that can run that code and put you in contact with millions of consumers. It's still early days. We do not yet have the polished interfaces. It's difficult to use. It's used by criminals. It's not exactly easy to see who is using Bitcoin. We've heard all of that before. The Internet circa 1991 was a den of thieves, pirates, pornographers and criminals. Right? But it didn't matter. And it doesn't matter now. And the reason it doesn't matter is because the same power of the technology that can be used by a criminal to promote their criminal activities can be used by all of the rest of us to do good; to do incredible things all across the world. And there is more of us than them. Bitcoin creates this environment that is ripe for innovation. Because its not just a currency. It's a technology, a network, and a currency. Yes the value has substantially increased over time but we shouldn't focus on the price. If Bitcoin crashed tomorrow morning the technology is still revolutionary. Just like if a website fails on the Internet or an application fails on the Internet, the Internet doesn't go away. So if you understand that Bitcoin is a technology and not a currency you can grasp the importance it has. Yet it should not be about us. It is about the other 6.5 billion people on this planet. It is about the ability to bring to the world a level of financial innovation it has never seen before. It's bigger than a price. Bitcoin can and will change lives. It's not going to be easy. When you throw a disruptive technology into the middle of the most powerful institutions on the planet - they don't like it. And right now we're still in the early stages. To use the trite expression "first they ignore you, then they laugh at you, then they fight you, then you win". We're still at the laughing at us stage. And that's quite alright :) Because by the time they get to fighting us they've already lost. Because this technology just went global. There are 193 currencies in the world yet there is now a new international currency; a mathematical decentralized cryptocurrency called Bitcoin. And we're going to build more. Cryptocurrencies are going to be a mainstay of our financial future. They are going to be part of the future of this planet because they have been invented and it's as simple as that. You cannot un-invent it just as you cannot turn an omelette back into eggs. There are many other alt coins out there that use the same basic technology. Bitcoin is the Internet of money and currency is only the first application. At its core Bitcoin is a revolutionary technology that will change the world forever. A special thanks to Andreas Antonopoulos.
Yes! This video has been subtitled in English, Norwegian, and Spanish so far. Please visit www.amara.org/en/videos/kGV5wbVRRfNy/info/andreas-antonopoulos/
"Bitcoin is the internet of money, and currency is only the first application. If you grasp that, and look beyond the price, beyond the volatility and beyond the fad, you will understand that at its core, is a revolutionary technology that will change the world forever. " - Andreas Antonopoulos
I'd like to see issues like the "Target store Hack" being addressed. This would have been impossible had all the victims paid in bitcoin. I've had to get all new cards as has many of my friends. The lawsuits will swamp Target. Maybe put them out of business. Bitcoin is knocking - your future is here.
The issues is that bitcoins will need regulation before becoming a viable source of currency. When the price is so volitile, that it goes from $11 to $1000 drops down to 500 and then back to 700, people will nevrer trust it for an actual currency. If I sold a car for 10 bitcoins, suddenly I have lost half of my money over night. That will break people and that is the main reason it will never be viable until it is regulated
No you can make other types of currencies that behave totally different, as Andreas also said in this video. I think the problem is that 'real' money is necessary for a Bitcoin currency to have any value. It needs a huge monetary injection to quickly have any value as a currency. It could work with non-monetary injections but that would require a huge amount of time, trust, cooperation and organization to begin with. It needs backup capital, and capital in the form of 'real' money is by far the easiest to work with.
***** it doesn't need the dollar to work. It requires the dollar for us to contextualize it's value. If it becomes the dominant form of currency but there are still dollars we would say, "how much is that in bitcoins?" When someone gives us a twenty.
This video has been subtitled in English using amara.org: www.amara.org/en/videos/kGV5wbVRRfNy/en/638342/ You can upload these subtitles to RUclips using the following instructions: support.amara.org/support/articles/10336-how-do-i-manually-add-subtitles-to-youtube-
Como Comprar y Vender Criptomonedas y Obtener Buenas Ganancias | Trading de criptomonedas
11 лет назад
Great talk, very descriptive and easy to understand for everyone. I am glad that people are mentioning altcoins. There are numerous resources to see altcoins, my favourite is com-http.us
"You can send a billion of euros or a trillion of euros, and the fee will be exactly the same [...]" I don't understand. Most people who will transfer money (e.g. euros) will have to convert the money to bitcoins. And the recipient at the other end will need to do the opposite conversion. The conversions will be done by some company that offer such service. Who will likely offer such service? Banks, because they have the "real world" money. By "you", did Mr. Antonopoulos mean you, the average person or you, the companies offering the services? "You become Citibank." "There is no 3rd-party." Perhaps I don't understand fully what he meant. But I don't agree. It seems to me that Citibank will remain Citibank and Mastercard will remain Mastercard and these companies will use bitcoin technology to reduce the cost of their operations. The average people will not deal with bitcoins directly but through a middleman like their bank or credit card company. The average person will not deal directly with bitcoins the same way they aren't connected directly to the Internet backbone or directly using the TCP/IP. They will not use bitcoins directly because the local currency will not go anywhere -- they will still need that for the majority of their daily life. I will be happy if someone can explain to me something that I might have missed and prove me wrong.
I just don't understand why he labels the technology BitCoin instead of calling it crypto currencies. Oh right... he owns some BTC. Than again he insists the currency part is not important, but it is all he talks about. There is value in his presentation, but it is somewhat like presenting the concept internet for the first time and calling it AOL Or presenting the concept of personal computers and calling the technology MAC every time you get the chance. And don't you just wonder why evert BitCoin evangelist only heard about the technology in 2011? Just consider how many bitcoins can be mined in a year and put it together with the fact that 30% of the existing coins are owned by 20 or so people. Also 50% is owned by 1000 or less. So the logical conclusion would be that whoever invented the technology did not go an broadcast the news like an unstoppable moron... rather they silently created a huge stash.
I understand your cynicism, but these people spent time, resources, money and much intellectual energy into the first apparently usable cryptocurrency. You're right that they may be flouting their stock, and also another coin may replace bitcoin as the primary altcoin. But people will start to understand cryptocurrency deeper and stop focusing on making some buck on the bitcoin wave.
B uzzkill People are in for the money. and it will stay like that until the value somehow crashes big time and every speculator gets scared away. Take for example Ripple (XRP). No one is really interested, because "it's pre-mined garbage". Regardless of the fact that given away for free and that you can actually "mine" them for a small profit by donating computing power to cancer/aids research. Not to mention the huge amount of improvements that the network brings (transact any currency, be able to trade without the need of an exchange, etc..) So I expect that any crypto in the future to be based on the same "get rich quick" scheme to attract people.
WireShark Eventually the coin with design that best suits the society should be the greatest success. At the moment there's hilarity because that's what happens when a great idea explodes. Coin design is far from mastered and there are a bunch with some really interesting ideas. When vendors start expanding, and mobile phone wallet's become mainstream things could really go mental. IMO the biggest threat is govt. making coin transactions illegal. i.e. China. That fear must be holding a lot of companies back.
Andreas strikes again. With perhaps his best talk yet. Great job.
There's no time for questions! Quick, send some BTC!
1BM1nqQxa2yJt6WPAogxrEftUX9kPuMMii
Thanks
ruclips.net/video/c2CsJ2HMA2I/видео.html
Excellent presentation Andreas. "You can lock up a mouse or a man but you can't lock up an idea." - Tommy Douglas, 1944 / A can of worms has been opened.
I'm just starting to learn about crypto, blockchain, NFTs. etc and this was very helpful and easy to understand! Thank you!
Just Gr8!!.........Money of the people---one line makes the difference!!!
Great presentation/explanation on "Bitcoin."
Wow! This is the best explanation I have ever seen regarding the disruptive, game-changing technology of #bitcoin. This explains the exact reasons we are building OmniBazaar.
Powerful Andreas! Fascinating talk on the Joe Rogan podcast!
Great explanation of bitcoin the protocol instead of bitcoin the money.
Awesome talk! You put what I have such a hard time explaining into words.
Another great video! Thanks Andreas!
starting to learn about blockchain & bitcoin.. thanks for this
This was a fine piece of work you demonstrated at your conference young man and I look forward to more informative info from you. Keep up the forward progress...Glad your on my team.
Very good explanation and still very relevant for 2021.
Excellent, thanks Andreas!
Thank Antono....
This is still my go to video when explaining bitcoin to people years later. ,
Exceptional.
Absolutely true
If it sounds too good to be true, it probably is. I understand and accept some of the arguments for Bitcoin. It is deplorable how governments and individuals manipulate money and Bitcoin seems to flatten inequities. But I do not want money to become increasingly abstract. Bitcoin sounds like close to a complete mathematical abstraction. And this is scary to me, just as credit default swaps and derivatives were/are. If it were to pick up momentum, it could be manipulated into a bubble of colossal proportion.
Hey Andreas Congratulations!
Great Speech. Good Luck on the rest of you crypto-projects. Thanks again for all the hard-work and time you put into getting my OpenBitcoinStore up and running. Its great to see someone like yourself so active in the Bitcoin community.
Viva La Bitcoin
-Lets keep in touch!
-Mike @ The Bitcoin Mining Outlet
This has to be one of my all time favourite speaches
Such a good Job Andreas! Great Talk!
absolutely amazing!
Great speech to explain what bitcoin is about !
"I just replaced your entire industry with 100 lines of python code" :D
This is amazing. I want to buy some.
Fantastic
Andreas is one of the best speakers on all facets of Bitcoin. #FuckingGenius
Can someone help this guy talk in TED plz? I ve seen a post in reddit. Lets hope they will help him get a talk.
Genius.
Brilliant.
This is going to help me script my semester project about bitcoin. Thank you Andreas. Ευχαριστώ!
14:22 glad to see Dwight Schrute walking in
Hahaha, good eye!
is it possible to get his speech or any of his speeches in writing due to problems with hearing?
Bitcoin is one of the most important inventions of the last 20 years. Unless you are a computer scientist, you may not know that the concept of a decentralized network that could achieve consensus (agreement) without any central controlling authority was an unresolved problem in computer science called Byzantine Generals' Problem. Bitcoin solved this problem in 2008 and that in itself is truly revolutionary.
Bitcoin developer Andreas Antonopoulos said "I discovered Bitcoin for the first time in 2011 and, since the Internet, I have not felt this feeling of being completely overwhelmed by the possibilities that I saw. I was there at the dawn of the Internet in 1991 when it was pre-commercial. And I could see that this was going to change the world but couldn't tell everyone around me because no one believed me. And I have that exact same feeling about Bitcoin."
Ignore the price. Ignore Bitcoin the money and understand Bitcoin the technology, the invention, and the network it creates. Because if we mess up the money we'll just reboot another currency. The invention of Bitcoin, the technology that makes it possible, cannot be un-invented. And it creates the possibility for decentralized organization on a scale never before seen on this planet.
Today in the world approximately 1 billion people have access to banking, credit and international finance capabilities. Primarily the upper classes and the western nations. 6 and a half billion people on this planet have no connection to the world of money. They operate in cash based societies with very little access to any international resources. They don't use banks. 2 billion of these people are already on the Internet. And with a simple application download, they can immediately become participants in an international economy using an international currency that can be transmitted anywhere with no fees and no government controls. And they can connect to a world of international finance that is completely peer to peer. So Bitcoin is the money of the people. At its core Bitcoin is simple mathematical rules that everyone agrees on with no controls. The possibility of bringing 6.5 billion into productive society by connecting them to the rest of the world is truly revolutionary.
First we're going to start affecting the payment processors; these enormous companies that make it more expensive to send money the poorer the destination country is. A situation that is exploitative and corrupt. And these organizations make enormous amounts of profit for a function that can be done in Bitcoin for free! So, as the adage of the Internet once went, "I just replaced your entire industry with 100 lines of Python code." And that is the case with Bitcoin.
One of the most important principles of the Internet is neutrality. The Internet doesn't know the difference between CNN and an Egyptian blogger. Likewise Bitcoin is neutral to sender and recipient and also to the value of the transaction. And it also gives every citizen and user of Bitcoin the same ability to innovate in terms of financial innovation, in terms of payment systems and use the currency with exactly the same facility that a bank has. YOU can become and operate on the same level as Citibank.
It takes a hierarchical system of international finance that up to now has achieved security by limiting access (since that is the main system of trust on our payment systems; you can't get in unless you're vetted) and it turns that on its head and creates a completely flat and decentralized network where every node is equal and the protocol is neutral to any and all transactions. And pushes innovation to the edge of the network. This allows the same phenomenon we saw on the Internet: Innovation without permission. You don't need to ask anyone if your application can be published on the Internet. You don't need to ask anyone to completely subvert a new industry with your information technology. With Bitcoin you don't need to ask anyone to invent a new financial instrument, a new payment system or a new service. You can just do it. You can write the code and you are now part of an international financial network that can run that code and put you in contact with millions of consumers.
It's still early days. We do not yet have the polished interfaces. It's difficult to use. It's used by criminals. It's not exactly easy to see who is using Bitcoin. We've heard all of that before. The Internet circa 1991 was a den of thieves, pirates, pornographers and criminals. Right? But it didn't matter. And it doesn't matter now. And the reason it doesn't matter is because the same power of the technology that can be used by a criminal to promote their criminal activities can be used by all of the rest of us to do good; to do incredible things all across the world. And there is more of us than them.
Bitcoin creates this environment that is ripe for innovation. Because its not just a currency. It's a technology, a network, and a currency. Yes the value has substantially increased over time but we shouldn't focus on the price. If Bitcoin crashed tomorrow morning the technology is still revolutionary. Just like if a website fails on the Internet or an application fails on the Internet, the Internet doesn't go away. So if you understand that Bitcoin is a technology and not a currency you can grasp the importance it has. Yet it should not be about us. It is about the other 6.5 billion people on this planet. It is about the ability to bring to the world a level of financial innovation it has never seen before. It's bigger than a price. Bitcoin can and will change lives.
It's not going to be easy. When you throw a disruptive technology into the middle of the most powerful institutions on the planet - they don't like it. And right now we're still in the early stages. To use the trite expression "first they ignore you, then they laugh at you, then they fight you, then you win". We're still at the laughing at us stage. And that's quite alright :) Because by the time they get to fighting us they've already lost. Because this technology just went global. There are 193 currencies in the world yet there is now a new international currency; a mathematical decentralized cryptocurrency called Bitcoin. And we're going to build more. Cryptocurrencies are going to be a mainstay of our financial future. They are going to be part of the future of this planet because they have been invented and it's as simple as that. You cannot un-invent it just as you cannot turn an omelette back into eggs. There are many other alt coins out there that use the same basic technology. Bitcoin is the Internet of money and currency is only the first application. At its core Bitcoin is a revolutionary technology that will change the world forever.
A special thanks to Andreas Antonopoulos.
Yes! This video has been subtitled in English, Norwegian, and Spanish so far. Please visit www.amara.org/en/videos/kGV5wbVRRfNy/info/andreas-antonopoulos/
Szymon Woźniak, an official from the Polish Ministry of Finance, said that the ministry does not consider bitcoin to be illegal
still great
''Bitcoin is the internet of money and currency is the only first application of it...'' - Andreas Antonopoulos
this talk is awesome
"Bitcoin is the internet of money, and currency is only the first application. If you grasp that, and look beyond the price, beyond the volatility and beyond the fad, you will understand that at its core, is a revolutionary technology that will change the world forever. " - Andreas Antonopoulos
I'd like to see issues like the "Target store Hack" being addressed. This would have been impossible had all the victims paid in bitcoin. I've had to get all new cards as has many of my friends. The lawsuits will swamp Target. Maybe put them out of business. Bitcoin is knocking - your future is here.
Check out Andreas' latest presentation at Maker Faire Detroit. We just uploaded it to our channel.
I have an Andreas Bot in my brain!
Ignore the price the money but the invention the technology that make this possible. #Bitcoineer
Andreas, you should seriously speak at TED.
Yum omelette!
Kenya Mentioned.
The issues is that bitcoins will need regulation before becoming a viable source of currency. When the price is so volitile, that it goes from $11 to $1000 drops down to 500 and then back to 700, people will nevrer trust it for an actual currency. If I sold a car for 10 bitcoins, suddenly I have lost half of my money over night. That will break people and that is the main reason it will never be viable until it is regulated
No you can make other types of currencies that behave totally different, as Andreas also said in this video. I think the problem is that 'real' money is necessary for a Bitcoin currency to have any value. It needs a huge monetary injection to quickly have any value as a currency.
It could work with non-monetary injections but that would require a huge amount of time, trust, cooperation and organization to begin with. It needs backup capital, and capital in the form of 'real' money is by far the easiest to work with.
***** it doesn't need the dollar to work. It requires the dollar for us to contextualize it's value. If it becomes the dominant form of currency but there are still dollars we would say, "how much is that in bitcoins?" When someone gives us a twenty.
I have 3 bitcoin, I'm gonna be Riiiiicccchhhh!!!
Utopia developed by 1984 Group.
AYE! who can fight the beast? andreas the greek.
AND WE! what say you?
אל תגידו שלא שיתפתי
This video has been subtitled in English using amara.org:
www.amara.org/en/videos/kGV5wbVRRfNy/en/638342/
You can upload these subtitles to RUclips using the following instructions:
support.amara.org/support/articles/10336-how-do-i-manually-add-subtitles-to-youtube-
Como Comprar y Vender Criptomonedas y Obtener Buenas Ganancias | Trading de criptomonedas
Great talk, very descriptive and easy to understand for everyone. I am glad that people are mentioning altcoins. There are numerous resources to see altcoins, my favourite is com-http.us
"You can send a billion of euros or a trillion of euros, and the fee will be exactly the same [...]"
I don't understand.
Most people who will transfer money (e.g. euros) will have to convert the money to bitcoins. And the recipient at the other end will need to do the opposite conversion. The conversions will be done by some company that offer such service. Who will likely offer such service? Banks, because they have the "real world" money.
By "you", did Mr. Antonopoulos mean you, the average person or you, the companies offering the services?
"You become Citibank." "There is no 3rd-party."
Perhaps I don't understand fully what he meant. But I don't agree. It seems to me that Citibank will remain Citibank and Mastercard will remain Mastercard and these companies will use bitcoin technology to reduce the cost of their operations. The average people will not deal with bitcoins directly but through a middleman like their bank or credit card company. The average person will not deal directly with bitcoins the same way they aren't connected directly to the Internet backbone or directly using the TCP/IP. They will not use bitcoins directly because the local currency will not go anywhere -- they will still need that for the majority of their daily life. I will be happy if someone can explain to me something that I might have missed and prove me wrong.
hahahahhahahahahahahahahahahahahahahahahahahahaahahhahahahahahahahahahahahhhahahahahahahaha
I just don't understand why he labels the technology BitCoin instead of calling it crypto currencies. Oh right... he owns some BTC.
Than again he insists the currency part is not important, but it is all he talks about.
There is value in his presentation, but it is somewhat like presenting the concept internet for the first time and calling it AOL
Or presenting the concept of personal computers and calling the technology MAC every time you get the chance.
And don't you just wonder why evert BitCoin evangelist only heard about the technology in 2011? Just consider how many bitcoins can be mined in a year and put it together with the fact that 30% of the existing coins are owned by 20 or so people. Also 50% is owned by 1000 or less. So the logical conclusion would be that whoever invented the technology did not go an broadcast the news like an unstoppable moron... rather they silently created a huge stash.
I understand your cynicism, but these people spent time, resources, money and much intellectual energy into the first apparently usable cryptocurrency. You're right that they may be flouting their stock, and also another coin may replace bitcoin as the primary altcoin. But people will start to understand cryptocurrency deeper and stop focusing on making some buck on the bitcoin wave.
B uzzkill People are in for the money. and it will stay like that until the value somehow crashes big time and every speculator gets scared away.
Take for example Ripple (XRP). No one is really interested, because "it's pre-mined garbage".
Regardless of the fact that given away for free and that you can actually "mine" them for a small profit by donating computing power to cancer/aids research.
Not to mention the huge amount of improvements that the network brings (transact any currency, be able to trade without the need of an exchange, etc..)
So I expect that any crypto in the future to be based on the same "get rich quick" scheme to attract people.
WireShark Eventually the coin with design that best suits the society should be the greatest success. At the moment there's hilarity because that's what happens when a great idea explodes. Coin design is far from mastered and there are a bunch with some really interesting ideas. When vendors start expanding, and mobile phone wallet's become mainstream things could really go mental. IMO the biggest threat is govt. making coin transactions illegal. i.e. China. That fear must be holding a lot of companies back.