Bitcoin: Dumb Networks, Innovation and the Festival of the Commons

In this talk, Andreas speaks about permissionless innovation in Bitcoin's network architecture, and the economics of open systems that enable a festival of the commons.
Chapters
00:00 I am so happy to be part of this O'Reilly event. I have been a huge fan of O'Reilly as a publisher
1:48 Bitcoin. Is it a technology, a network, or a currency?
4:11 Bitcoin is not a smart network. Bitcoin is a dumb network
9:06 Compare that to the current banking system, built around many very smart networks.
10:27 Bitcoin is open-source, with open standards, for an open participatory network
16:09 We will go home, declaring victory. You cannot stop it. That is why I'm excited to be in the Bitcoin space
17:35 What are my thoughts on side chains?
20:08 Do you have any thoughts on the role of regulators and compliance and how it can benefit bitcoin?
25:24 We will not only see academic research and consensus algorithms and distributed computing I see entirely new scientific disciplines arising out of bitcoin
This talk was delivered on January 27th 2015, at the O'Reilly Radar Summit "Bitcoin and the Blockchain" in San Francisco, CA: conferences.oreilly.com/bitco...
Video is licensed CC-BY
CORRECTION: At 13:12, I said that multi-signature transactions were added to Bitcoin and the first multi-sig wallet deployed in 2014. This is not true. The BIPs for multi-sig were finalized in 2011 and 2012. Multi-sig was being used prior to 2014, but only a very small percentage of bitcoin was held in multi-sig addresses, and no consumer-facing multi-sig wallets were available. BitGo deployed a multi-sig wallet in August 2013.
"M-of-N Standard Transactions" (BIP-11) -github.com/bitcoin/bips/blob/...
"Pay to Script Hash" (BIP-16) - github.com/bitcoin/bips/blob/...
"OP_CHECKHASHVERIFY" (BIP-17) - github.com/bitcoin/bips/blob/...
This talk is featured in The Internet of Money, which can be purchased in multiple languages in paperback, ebook, or audiobook: aantonop.io/tiomv1ebooks/
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