Bitcoin Embassy Fair point. Then I'd argue that it's in the interest of such organizations to communicate their contributions in an accessible and clear maner.
+Veganic ♾ interesting stuff, but he's in it for the money is he not? He's not doing this for humanity totally. Second point, the billions of people he's talking about reminds me of the lies CISCO said about China - 90 percent of the people there do not use the internet - they are poor farmers actually. Lastly,, 90 percent of wealth is in a tiny fraction of the population - and they are not in Kenya? I agree this open source technology is coming for sure as did my early days 1991 with the networking of computers. Globalization of a one Government and laws is inevitable, but people have not changed in 50,000 years (brain wise) so there will be no leveling of wealth since their are only one in a million Andreas, Henry Fords, Gates, Westinghouse etc. I am 57 and only just purchased a cheap digital phone - I have not need for 500 "Friends" because that is false - you are lucky to have 5 real friends in truth, but people are fooled into Facebook etc. stuff. Notice all these additions cost a lot. I have now a bill for typing to you, and one for the telephone. 40 years ago the phones were cheaper but you had to dial the number and could not carry them around. But it wasn't bad. I don't use the internet really to buy anything, I just don't buy stuff - consumers seem to always be in debt. I have none. That's the last thing 90 percent of the people comprehend - save, save and save? I have a VW and 2 million in assets mostly cash. Not bragging at all - that's poverty where I am, but still it was all made on early investments in the "networking" stocks in 1991 BUT the peak was 2000, not 2001 when I got out of gambling. This stuff scares me. A foundation is not a charity it is a 501(c) 3 tax shelter legally (yes, I'm a lawyer). Retired.
Indeed hallerd! People like you who exchange value for value are prime examples of how this technology will change the world by giving the oppressed an equal voice to even the playing field with TPTB. Thanks for all of your generous contributions to MadBitcoins for his groundbreaking work in the crypto sphere!
+hallerd we will see. Humans are unpredictable no matter the math. VIetnam was our life, a Muslim was one in a million and not hated - only in the Israel/Palestine problems which were millions of miles away. Nixon was a great President, Watergate a fraud by liberal newspapers who all hated Nixon/Kissinger. Nobody ever heard of Iraq and certainly know where it was. We all thought nuclear war with the Soviets was a real, real possibility. We as kids were taken to West Virginia in October during the Cuban Missile Crisis in 1962 - never told why (Washington, D.C. resident). So We will see, I think it will happen to. But people still cash -- since several thousand years before Christ. But horses sure fell off the road.....Interestingly I just found out about Bitcoin from a very young friend so I am studying the concept. Good lecture
Antonopoulos is one of the most organized, articulate speakers I've ever listened to. Nearly 2 hours of questions; on point from start to finish. Excellent.
@@BlackShampoo75 -- I would pay attention, if there was something worthy there. But Bitcoin is just outdated tech with just better alternatives. Stop living in the stone age, grandpa.
Maturity? These guys would be eaten alive on a town council in the UK. And how did a punk like Don Meredith ever end up in Her Majesty's Canadian Senate?
I am glad we have such a gifted personality in the bitcoin community. unbelievable, this guy was already mastering bitcoin and educating governments in 2014, total full respect wow. Thank you very much Andreas.
Unfortunately we then voted in a Socialist government into office. (Trudeau with the mastermind Bill Morneau) who are huge Debt Fiat money assholes. Our Currency devalued something like 30% within 6 months. Not to mention they borrow against central banks to virtue signal. We are so fucked.
I disagree, one of them stated "our job is to protect Canadians" so they have these hearings to understand this and are trying to work out what is needed of them so that Canadians that move into bitcoin can do so safely.
But he was dancing around the question with the same answers until finally saying info security is how we can protect. The issue is personal digital wallets and that's what the government should look into to help protect its citizens.
Seems like a must watch every year or two. This was a very influential presentation during bitcoin’s early years. Andreas cemented his position in bitcoin history with this appearance.
Willie van het Kerkhof What have you been smoking ahahah he is rich currently because of donations 3 weeks ago when you commented head made no money off bitcoins as he invested all his bitcoins in helping others get started he even gave out bitcoins just to get people interested and he had to use all his money to support his family, so he had a very small smount left to invest and he gave that away.
I watched it thoroughly and the hostility of the opening of this meeting was tamed with the knowledge of the truth of this technology and what it will be able to accomplish in time to come. Mr. Andreus truly has the understanding of what the blockchain technology really is.
This guy just blows my mind. Such an absolute clear thinker and the ability to present his ideas flawlessly. I hope Andreas goes down in the history books as one of the great intellectuals of our time and that he succeeds in realizing his visions of monetary freedom and inclusion for all inhabitants of this world.
Watching this feels like I am now part of history - to be so enlightened. THANK YOU Andreas!!!!!!!!!!!!!!!!!!!!!!!!! The world will thank you too someday!
Yes, that was awesome. Makes me proud as a Canadian to know there are those in Parliament that can listen and understand. Andreas is such a great representative of Bitcoin.
+Gorflaxsack Notice no press? These meetings are the same in the U.S. when the press isn't around, I've been to many its the lobbyists that run the U.S. by way of the Senate and House of Lobbyists.....Executive completely. D.C. lawyer here retired. Grandstanding is only when the cameras are around - blame the press too.
Ivan Raszl Open? These guys are merely all.ex bagmen (and bagwomen haha) who in other lands.wouldnt be able to get elected to a hamlet church committee.
That is just our Senate. They aren't the policy deliberators like our elected MP's. They can vote to stop a bill but I don't think that has happened since the 50's. For this they only present a finding to Parliament...half the time our current ruling government ignores it.
If I had to pick one person to promote Bitcoin it would be Antonopoulos. Thankfully we have others also, but this man does more for bitcoin than anyone else in my opinion.
Andreas is the ONLY Bitcoin guru. A true genius. If every government embraced his contributions and ideas, this world would be a better place in 5 years. It was also great to see how receptive, open and inquisitive all the Senators were with their questions and the responses they received. Let’s hope they continue to be so.
Unfortunately we then voted in a Socialist government into office. (Trudeau with the mastermind Bill Morneau) who are huge Debt Fiat money assholes. Our Currency devalued something like 30% within 6 months. Not to mention they borrow against central banks to virtue signal. We are so fucked.
I have to applaud the Canadian senate for being this open minded and inviting him to come and speak. This conversation was so non-confrontational that I believe they collectively achieved something here. It would be nice if there were more hearings like this.
This is powerful. Don't wait 5 years. Revisit this on an annually basis, look at what & where Canada is heading, adjust where necessary leaving room for innovations. I am watching this 6 years later & it is still relevant
I had a break halfway and watched the Suckerburg trial in between: Man, what a difference in intelligence! There is no owner of BTC, but He is best representative!
Watching this in 2024, i only have to say: what a genius! You elegantly melted the brains of these gentlemen. I am impressed by the acertiveness of the responses looking into the future. Thank you. Really interesting to watch the discovery process of the senators in real time.
Wow! Andreas hit a game-winning grand slam with this interview! Even though I can almost predict his responses (because I've watched so many of his videos), I still enjoyed every second of this panel. Bravo, @aantonop !
*TIMESTAMPS* 0:00 Senator introduction to hearing 1:58 Andreas introduces 2:35 Explains bitcoin vs current system 11:30 Senator is weirded out by no KYC, and nefarious purposes of bitcoin 15:30 What is needed to insure this innovation continues? 20:18 What would you suggest with regulation? 21:55 What the committee should do exactly? 22:40 Senator Campbell tells about his experiences 23:10 Does young generation understand this better than the older gen.? 24:00 How long till Bitcoin is mass adopted? 25:31 How can we be sure that ISIS-like groups won't transfer money around the world? 28:56 Bitcoin is not hackable, is that true statement? 31:25 What is the relation of bitcoin to other 500 cryptocurrencies (CC)? 33:03 Can you foresee a time when a nationstate would adopt bitcoin? 34:55 Why not restrict bitcoin and add KYC, or add identification to bitcoin? 37:50 Can you explain bitcoin's monetary policy and why wouldnt it fail? 41:30 Who are bitcoin's biggest attractors? 42:55 What is biggest threat to bitcoin's growth? 44:30 What is the biggest user group? 47:05 What is the cause to develop a similar (CC) as bitcoin? 49:01 How can an individual secure his/her bitcoin wallet? 51:24 How can a person acquire loan in bitcoins? 54:15 What would regulation only in Canada do to bitcoin space? 56:05 How do we protect Canadians if bitcoin is used? How to mitigate individual risk of losing money? 1:02:10 When should we build regulation to bitcoin? 1:05:45 How do we deal with bad actors? 1:06:59 Do you know any countries that recognize or supervise bitcoin? 1:08:02 If one would issue a CC what is the value relation to bitcoin? 1:10:35 ??? 1:12:20 How would taxation and bitcoin work together? 1:15:47 Are other CC's based on similar algorhytms and are they based on bitcoin? 1:17:30 Can mining monopolies jeopardize bitcoin network? 1:21:00 How do you value bitcoin? 1:23:35 Can products and services be priced in bitcoin in the future? 1:24:30 Where do you keep your bitcoins? 1:25:48 Can bitcoin scale to millions transactions? 1:28:30 Can we make use of bitcoin's monetary practices elsewhere? 1:30:10 How would current finance adapt to bitcoin? 1:33:05 How can bitcoin possibly succeed? 1:35:25 What are the implications of digital currencies (e.g. M-Pesa) and bitcoin on Africa? 1:40:00 What can bitcoin do to Canada? 1:42:30 How did New York State got it wrong? 1:44:10 How does taxation work at the moment? 1:46:00 Where do you see blockchain technology after 5 years? 1:48:00 Joking about putting marriage into blockchain 1:49:00 What should we do now regarding regulation? 1:50:38 Mr. Antonopolous. Your reputation precedes you. Applauds.
This man knows exactly how to pacify the would-be regulators while sticking to the truth. The level of altruism and farsightedness in the community is amazing. Absolute genius.
senate - should we regulate it ? andreas - no s - regulate it this way ? a - no s - this way ? a - nope s - that way ? a - nope s - this way ? a - nope
Whenever I'm feeling down I still come every now and then just to listen to Andreas in this hearing. Mr. Antonopoulos, you are an absolute hero and I never would have spent the past 4 years in decentralized governance and DAOs if it were not for you. You inspired millions. The space has lost touch with the ethos and reason on why so many pioneers sacrificed so much in the fight for decentralization.
One thinks often about senators as the "old noses" sitting in their warm chairs and basically not getting these topics. I am very pleasantly surprised that this is not the case. They give space for that presentation, they ask the right questions, Andreas Antonopoulos answers in a very elaborated and correct way. Great watching and listening.
Andreas, this was honestly an AMAZING hearing. Thank you so much for helping to making our banking committee one of the best prepared to grapple with crypto-assets!
I have always enjoyed and learned a lot whenever I have a chance to listen to Andreas Antonopoulos speak about bitcoin, but the way he answered questions and educated the Senators at this hearing is absolutely incredible. All government financial and banking officials should be required to watch this video at least 5 times. It may make a difference to the one's that still have a little honesty left in them.
Andreas makes me want to stand up and cheer whenever I hear him speak. Not only does he have a great intellectual understanding of all things crypto ... he also has great eloquence and passion on the subject. His importance to the future of bitcoin (and therefore to *our* future) should not be underestimated. I hope he doesn't read this, lest his head swell too much ... lol
This hearing could be the basis of an extraordinary movie in 10 years! Great job (as usual) Andreas!!! Fascinating as hell to hear your answers to the old dusty, stodgy politicians! You have an amazing gift of educating very complex concepts to average folks so effectively.
LOLOLOLOLOLOLOL! That's funny as hell! But, to tell you the truth, Andreas may have single-handedly just convinced me to remove over 80% of my funds from these crooked-assed banks and start treating bitcoin like the true account I want to have control over. I'm now super excited!
Whether it's a wise choice or not, I already have over 90% of my funds in bitcoin and I use it everyday with a bitcoin debit card. I actually feel safer having my money in bitcoin than I do in USD.
That meeting could not have been conducted any better than how it went. 1 Because Andreas is by far the most competent medium for conveying the idea(Thus far* -He kind of gets Finders rights to this) behind what BlockChain is and what Cryptocurrency is, at a level where not only an every day person can understand, but to also put it in perspective for how our leaders can understand. And 2 The openness and willingness to actually understand what Andreas was saying and the implications of this new technology, by the members of this Canadian forum. Both sides too this discussion did extremely well in the rolls they had, in asking the right questions and giving the right answers... You could really see the smile growing on the Main Speaker's face and the sort of excitement as this discussion went on. You could see that he was blown away after every time Andreas spoke. I know I am a bit late to the party on this video and when it was released, but for future parties and people alike who do not or will not know about this discussion in particular... I want to extend EXTREME gratitude on behalf of All of them to ALL parties in this discussion. This video should be presented to all leadership of every country around the world, and also be preserved as a landmark historical event which is equal to, the discovery of North America. Thank you Andreas, you truly are The* Bitcoin Jesus!
Unfortunately we then voted in a Socialist government into office. (Trudeau with the mastermind Bill Morneau) who are huge Debt Fiat money assholes. Our Currency devalued something like 30% within 6 months. Not to mention they borrow against central banks to virtue signal. We are so fucked.
Andreas M. Antonopoulos is on point everytime! Great conversationalist, always quick, accurate and logically sound. I would never want to get into an argument with this guy.
XSilvenX 1 day ago +georgem "Admit it, money doesn't create problems." That statement might possibly be the most erroneous statement on the internet, next to the Earth being flat and Jesus loving you. The sole motivator for the vast majority of crimes done for personal gain is money. The sole reason for organized crime and all the murders/kidnappings/ransoms associated with the entire underworld is money. In fact, most crime is either directly, or indirectly financial in nature. The reason why the majority of the third world is suffering -- besides logistical limitations -- is money. The reason why politicians, and virtually anyone in a position of power is corruptible, is money. One of the top reasons marriages end, as well as the reason for tons of other miscellaneous interpersonal problems between friends/siblings/lovers/etc. is money. Not having enough money forces you to live on the street despite the amount of resources you can potentially have access to, and the list goes on, and on... It doesn't logically follow that any of the aforementioned propensities for crime, or socioeconomic issues will magically disappear if government, banks, and corporations are absent. The reason you get up and sacrifice your health and sanity to stay at a shitty dead-end job around people you'd rather not be around is money. Mind you, I'm not saying government, banks, and corporations don't play a huge role in why capitalism isn't as great as it can potentially be. I'm sure anyone who's been alive for more than 20 years can agree to that, but for you to blatantly ignore the flip side of that -- the obvious limitations and inherent problems with our current dominant socioeconomic system -- is quite literally unreal. Reply · Todd McKissick 1 day ago +XSilvenX You are getting very close to a complete understanding. You're still missing one relevant factor. Through the fractional reserve system and fiat (by government decree) money, the value of hard money is constantly deflated. This means holding or earning some of it is a losing battle against inflation. The system was designed with exactly this in mind from the beginning BY THE BIGGEST BANKS. It's like you and I sharing a pie (the total value society offers to money) and I give you 3 pieces, I keep the rest, but we keep cutting the pieces smaller and smaller (you still only get 3). On it's face, you still have the same pie but in reality, it equates to less food. By doing this across the board, they steal from individuals, families, businesses, corporations, municipalities, governments, countries and any other entity out there. It's exactly this theft that causes scarcity of money and it's that scarcity that's the root cause of every problem you correctly listed. Stop that theft and every one of those entities become insanely wealthy in an instant. How much? Their wealth gain total the same as the income of the banks but it gets better. Their income totals around 4/5ths of the total GDP so right off, we'd get 5 times what we currently do. That's enough to remove most crime by itself. However, if your taxes take 25% of your income and your interest takes another 25% and your insurance takes another 25% and your bills take 20%, then you actually "live" on 5%. If I suddenly give you 5x as much, many of those expenses don't increase. A rough average might be that interest drops to zero, insurance is halved and bills double. This leaves about 20% to "live" on but it's now 20% OF 5 TIMES THE ORIGINAL AMOUNT. That's 20 times the living income you began with. You can see how quickly the right decisions can lead to retiring very early. And earlier retirements lead to lower unemployment. Overall, this leads to money abundance which solves most of your listed problems. And by placing the people more in charge of the political scene (since there's no monopolistic banks to bribe the politicians), more effective government will likely lead to better peer pressure solutions vs so many violence based disciplinary solutions. And all this came from the people taking control back over how money is used.
I am pleased, with the Canadian Senator's optimistic reception of this idea. I am for; any new development of a system that takes the power out of a centralized banking system, controlling our monetary system, and putting it back in the hands of the people, where it belongs. This system should be part of the free market, not regulated or controlled by any governing body or agency.
Unfortunately we then voted in a Socialist government into office. (Trudeau with the mastermind Bill Morneau) who are huge Debt Fiat money assholes. Our Currency devalued something like 30% within 6 months. Not to mention they borrow against central banks to virtue signal. We are so fucked.
This is public fact that there are only three countries left in the world that aren't owned or controlled by the central banks. (Cuba, North Korea & Iran) The entire global monetary system trades or issues fiat currency. There needs to be a change, the problem is not just Canada, it's global and it's systemic.
The value of the Canadian dollar is proportional to the things we sell to other nations. When we regulated ourselves out of work and the Americans woke up and started to talk about deregulation and lower taxes, the investors in Canada (mainly Americans) went back home. Our banking system is Fiat, just like the US too, making matters worse. Our NDP Provincial government in Alberta and our Federal Liberal government have both leveraged heavily, already. Within 6 months, our PM borrowed a billion dollars to give away to foreign nations to fight climate change.... what this actually means to you is that by the time you retire, you won't have a CPP worth having. Hell, as I've stated many times, I'm only 36 years old, and I've seen our currency devalue several times. Its buying power is less and less with each decade.
Government jobs do not count as 'employment', because they get paid by the extortion of labour from other people, and those funds get democratically dictated where to be spent by elected, but mostly unelected bureaucrats. Government fudges 'unemployment numbers' as a means to make you believe they are doing great things, so you continue to let them expand their powers over your life. Its oppressive. NOTE: Our borrowing rate is not as bad as the US. They are upwards of -$250,000 per every citizen in the US, whereas in Canada, we owe $19,000 each. So, going back to that I've stated before, (maybe not in this conversation) Socialism and Corporatism are the same thing... they both are control from a central body through laws and regulations, and the economics behind it is not sustainable. Kill corporatism with capitalism. Allow people the power to decide. Kill the monopolies by unleashing the power of the public will and ingenuity (creativity)
Governments across the globe should watch Andreas brilliantly explain it all bit by bit. Could save good time across Senates as I don't think there can be a better ambassador for Cryptos than this man :)
Once again Andreas M. Antonopoulos has proven why he is the Guru of Bitcoin, fascinating entertaining response and well crafted it was a very enjoyable watch and a very balanced reply and approach towards the area of Bitcoin. While some bitcoiners think and are fully aware of the scenarios presented and know where these references come from putting them into words that everyone can understand succinctly and from a balanced viewpoint truly requires a wordsmith and that is where Andreas truly shines.
A truly masterful and measured presentation on the reason to take a deep breath on rush to legislation. Powerful, reasoned, very intelligent, and wonderful to see the senate committee taking it in. I was extremely impressed, and wish more people could take two hours out of their life to watch and think about where transactions might be 10 years from now. I've watched it twice, and will likely watch it again.
For the first time I was astonished about the level of integrity, honesty and deeply engaged knowledge about very political and human rights implications of new technology. The senate expressed a willingness to explore with an open mind the issues at hand and to come. That, I think has been made possible by the excellent way Mr. Antonopoulos expressed himself in word and demeanor. It shows that politics not always has to be a senational spectacle, but almost an engaging lecture in political exploration. A political blockbuster. No dull moment.
I fully agree Veganic. Being relatively new to understanding Bitcoin, I find no better than Andreas Antonopoulos in eloquently and intelligently spreading the real vision of Bitcoin and its possibilities. In my opinion, I believe the only obstacle in Bitcoins way are those whom are not in full realization of this technologies full potential, but instead focused on a short term, narrow perspective monetary agenda. We definitely need broad perspective thinkers advocating Bitcoins true power and to help people understand it's outreach. Not if, but when this alignment takes shape, Bitcoin will revolutionize the world, as it was meant.
Pure gold, great job Andreas. Love seeing the Canadian Senate in action, so humble and genuinely interested. This video should be placed on the World's Heritage list.
Exactly. Their reflex is to see something that is "unregulated" and freak out. It must be "regulated", and they go looking for fantasies like "terrorists" in order to justify that regulation. They're regulators. They have their hammer, and they will use it on everything no matter how destructive that hammer is.
The last time I played this video from start to finish was 3 years ago, and watching it again now I don't sense that as much anymore. It is there - and they do have a duty to regulate things in their country, after all - but more than anything I saw a deep sense of fascination and an open mind, even from the conservative politicians. Of course, Andreas has a way of disarming them, like Fred Rogers when he spoke on behalf of federal PBS funding and utterly winning over the very conservative Senator in charge of allocating those funds.
Wow! Such a useful Question and Answer session on Bitcoin. It is a great introduction to Bitcoin for those who don't yet "get it". Government officials could do well to watch this video as a "must see" or compulsory "reading" list. If you see his answer to how New York got it wrong; I suggest you might find it hard to disagree with his answer.
![Noob To Max With DRAGON REWORK In Blox Fruits [FULL MOVIE]](http://i.ytimg.com/vi/LnBMOinoOvA/mqdefault.jpg)
Andreas is single handedly doing more for the Bitcoin community than the Bitcoin foundation itself.
While I would tend to agree, Note that It's easier to track the contribution of a single individual than it is of a larger organisation.
Bitcoin Embassy
Fair point. Then I'd argue that it's in the interest of such organizations to communicate their contributions in an accessible and clear maner.
1000 bits *****
osdias We all play our part regardless of the attention we gain for our efforts.
+Veganic ♾ interesting stuff, but he's in it for the money is he not? He's not doing this for humanity totally. Second point, the billions of people he's talking about reminds me of the lies CISCO said about China - 90 percent of the people there do not use the internet - they are poor farmers actually. Lastly,, 90 percent of wealth is in a tiny fraction of the population - and they are not in Kenya? I agree this open source technology is coming for sure as did my early days 1991 with the networking of computers. Globalization of a one Government and laws is inevitable, but people have not changed in 50,000 years (brain wise) so there will be no leveling of wealth since their are only one in a million Andreas, Henry Fords, Gates, Westinghouse etc. I am 57 and only just purchased a cheap digital phone - I have not need for 500 "Friends" because that is false - you are lucky to have 5 real friends in truth, but people are fooled into Facebook etc. stuff. Notice all these additions cost a lot. I have now a bill for typing to you, and one for the telephone. 40 years ago the phones were cheaper but you had to dial the number and could not carry them around. But it wasn't bad. I don't use the internet really to buy anything, I just don't buy stuff - consumers seem to always be in debt. I have none. That's the last thing 90 percent of the people comprehend - save, save and save? I have a VW and 2 million in assets mostly cash. Not bragging at all - that's poverty where I am, but still it was all made on early investments in the "networking" stocks in 1991 BUT the peak was 2000, not 2001 when I got out of gambling. This stuff scares me. A foundation is not a charity it is a 501(c) 3 tax shelter legally (yes, I'm a lawyer). Retired.
This video recording is important human history being made.
agree
bugyourparents 100 bits *****
Indeed hallerd! People like you who exchange value for value are prime examples of how this technology will change the world by giving the oppressed an equal voice to even the playing field with TPTB. Thanks for all of your generous contributions to MadBitcoins for his groundbreaking work in the crypto sphere!
+hallerd we will see. Humans are unpredictable no matter the math. VIetnam was our life, a Muslim was one in a million and not hated - only in the Israel/Palestine problems which were millions of miles away. Nixon was a great President, Watergate a fraud by liberal newspapers who all hated Nixon/Kissinger. Nobody ever heard of Iraq and certainly know where it was. We all thought nuclear war with the Soviets was a real, real possibility. We as kids were taken to West Virginia in October during the Cuban Missile Crisis in 1962 - never told why (Washington, D.C. resident). So We will see, I think it will happen to. But people still cash -- since several thousand years before Christ. But horses sure fell off the road.....Interestingly I just found out about Bitcoin from a very young friend so I am studying the concept. Good lecture
You are right
Andreas is really a class act, we couldn't ask for anyone better to represent Bitcoin.
Roger Ver disagrees ;-)
Roger Ver can go fork off with his "bitcoin cash".
Galiano Tiramani spot on !!
Only heard of him 2 days ago....hes bloody awesome...watched 2 interviews....he knows his stuff....
Antonopoulos is one of the most organized, articulate speakers I've ever listened to. Nearly 2 hours of questions; on point from start to finish. Excellent.
He was beautiful to observe.
If you love investing in bitcoin, just invest in bitcoin. Thank me later!
So many years later and this is still one of the most exciting and concise discussions about the future of bitcoin. Andreas's timeline was spot on.
Except for the part Bitcoin hasn't done much of anything for the last 8 years and they are far better alternatives.
@@Supremax67 someone's not paying attention
@@BlackShampoo75 -- I would pay attention, if there was something worthy there. But Bitcoin is just outdated tech with just better alternatives.
Stop living in the stone age, grandpa.
So many years later and we keep asking what is bitcoin...
@@Dom-jv6nk -- Statement still accurate. Value is meaningless if it's not adopted to serve actual problems.
fantastic job. a appreciate the level of maturity Canada displayed.
my bitcoin address is 1Ey32xM9a2ecpFR6hgNnsqFVZfBamUeGgJ
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fuck no, bitcoin is fake!! its not real!!
I'm with you, google google! Linux is fake too, it isn't real either!
Maturity? These guys would be eaten alive on a town council in the UK. And how did a punk like Don Meredith ever end up in Her Majesty's Canadian Senate?
google google Math is fake too! NOT.
What a advanced senate there in Canada... in my country (Croatia) senate still argues about WW2 and who was right and wrong...
Amazing... it's almost like Canadian politicians are real people
Yes, almost :)
As soon as A.A. left the room, their forked tongues pierced through the masks of human flesh and they once again began roasting babies on the spit.
I agree!
true
this was before liberal feminist justin trudeau got elected as PM
I am glad we have such a gifted personality in the bitcoin community. unbelievable, this guy was already mastering bitcoin and educating governments in 2014, total full respect wow. Thank you very much Andreas.
BRAVO, Andreas. Bravo.
Unfortunately we then voted in a Socialist government into office. (Trudeau with the mastermind Bill Morneau) who are huge Debt Fiat money assholes. Our Currency devalued something like 30% within 6 months. Not to mention they borrow against central banks to virtue signal. We are so fucked.
Thanks for sharing this to the world. Really appreciated from Bangkok, Thailand. Hope to spread such knowledge to the Thai senators like this as well.
They simply cant wrap their mind around not having control. "How do we regulate it" is all they are thinking.
Strange Days it really is a strange concept. we understand what your saying but can you recommend how we can control it.
I disagree, one of them stated "our job is to protect Canadians" so they have these hearings to understand this and are trying to work out what is needed of them so that Canadians that move into bitcoin can do so safely.
But he was dancing around the question with the same answers until finally saying info security is how we can protect. The issue is personal digital wallets and that's what the government should look into to help protect its citizens.
What question did he dance around exactly?
David Stevenson when he says: let Bitcoin breath and wait to regulate it he's not really answering the question.
Who is watching this in 2021 and scratching their head on how on point Andreas was about taking about 8 years to reach the masses?
thats incredible
Seems like a must watch every year or two. This was a very influential presentation during bitcoin’s early years. Andreas cemented his position in bitcoin history with this appearance.
One of the smartest guys on the space since the time where there wasn't any space...
yeah... I was just checking BTC price on 2014: $400 :(((((
He is a genius and the best advocate Bitcoin can have! Thanks Andreas!
Andreas is very rich and invented the blockchain.
Willie van het Kerkhof What have you been smoking ahahah he is rich currently because of donations 3 weeks ago when you commented head made no money off bitcoins as he invested all his bitcoins in helping others get started he even gave out bitcoins just to get people interested and he had to use all his money to support his family, so he had a very small smount left to invest and he gave that away.
I watched it thoroughly and the hostility of the opening of this meeting was tamed with the knowledge of the truth of this technology and what it will be able to accomplish in time to come. Mr. Andreus truly has the understanding of what the blockchain technology really is.
This guy just blows my mind. Such an absolute clear thinker and the ability to present his ideas flawlessly. I hope Andreas goes down in the history books as one of the great intellectuals of our time and that he succeeds in realizing his visions of monetary freedom and inclusion for all inhabitants of this world.
Watching this feels like I am now part of history - to be so enlightened. THANK YOU Andreas!!!!!!!!!!!!!!!!!!!!!!!!! The world will thank you too someday!
Yes, that was awesome. Makes me proud as a Canadian to know there are those in Parliament that can listen and understand. Andreas is such a great representative of Bitcoin.
+Gorflaxsack Notice no press? These meetings are the same in the U.S. when the press isn't around, I've been to many its the lobbyists that run the U.S. by way of the Senate and House of Lobbyists.....Executive completely. D.C. lawyer here retired. Grandstanding is only when the cameras are around - blame the press too.
Go to the toilette and buy popcorn before hitting play... you won't be able to leave your chair for 2 hours...
My toilet doesn't sell popcorn :(
No kidding! What an amazing Q & A!
*grabs popcorn* when hearing his ”crypto knowledge”. Hahha BTC @aprox 10k and still laughing w8n 4 the btc to DROP. Do you hear the beat?
True! This is the most interesting senate meeting I've ever seen.
So true.
Man this introduction of Andreas was better than any Boxing Intro
Hahahaha, good one man
Andreus is the top g in this environment.. this guys has an answer for every regulatory question!!! legend!!!!
Completely and totally wonderful, Mr. Antonopoulos! I learn so much from you. Thanks so much.
Watching this in 2021 and he saw everything coming! Still in my opinion the best voice to listen to in this space.
This was awesome. Congratulation Canada for having such an open government.
Ivan Raszl Open? These guys are merely all.ex bagmen (and bagwomen haha) who in other lands.wouldnt be able to get elected to a hamlet church committee.
That is just our Senate. They aren't the policy deliberators like our elected MP's. They can vote to stop a bill but I don't think that has happened since the 50's. For this they only present a finding to Parliament...half the time our current ruling government ignores it.
If I had to pick one person to promote Bitcoin it would be Antonopoulos. Thankfully we have others also, but this man does more for bitcoin than anyone else in my opinion.
His enthusiasm is contagious. I wonder how many went home and bought bitcoin that day.
hahahhaahhaha on point
Lol. Good one!
Andreas is the ONLY Bitcoin guru. A true genius. If every government embraced his contributions and ideas, this world would be a better place in 5 years. It was also great to see how receptive, open and inquisitive all the Senators were with their questions and the responses they received. Let’s hope they continue to be so.
This guy is classy.
Unfortunately we then voted in a Socialist government into office. (Trudeau with the mastermind Bill Morneau) who are huge Debt Fiat money assholes. Our Currency devalued something like 30% within 6 months. Not to mention they borrow against central banks to virtue signal. We are so fucked.
Ain't he.....!!
I have to applaud the Canadian senate for being this open minded and inviting him to come and speak. This conversation was so non-confrontational that I believe they collectively achieved something here. It would be nice if there were more hearings like this.
This is powerful. Don't wait 5 years. Revisit this on an annually basis, look at what & where Canada is heading, adjust where necessary leaving room for innovations. I am watching this 6 years later & it is still relevant
Thumbs up if you watched the whole thing :)
MrSkyTown well worth the time.
How could i not? It was transfixing and rather emotional
Twice
Does listening count ;)
I had a break halfway and watched the Suckerburg trial in between: Man, what a difference in intelligence! There is no owner of BTC, but He is best representative!
Andreas Antonopoulos thank you for being a better voice for Bitcoin than the world could have ever hoped for
Watching this in 2024, i only have to say: what a genius! You elegantly melted the brains of these gentlemen. I am impressed by the acertiveness of the responses looking into the future. Thank you. Really interesting to watch the discovery process of the senators in real time.
Wow! Andreas hit a game-winning grand slam with this interview! Even though I can almost predict his responses (because I've watched so many of his videos), I still enjoyed every second of this panel.
Bravo, @aantonop !
When they were asking "So should we regulate it?" I kind of wanted him to spell it out to them; "It CAN'T be regulated, that's the point".
Its not that it can't be regulated. It can to a point. Not completely. The point is it does not NEED to be regulated. Its a self correcting system.
We need more people like M. Antonopoulos!! Well dome BTC guru, Well done!
*TIMESTAMPS*
0:00 Senator introduction to hearing
1:58 Andreas introduces
2:35 Explains bitcoin vs current system
11:30 Senator is weirded out by no KYC, and nefarious purposes of bitcoin
15:30 What is needed to insure this innovation continues?
20:18 What would you suggest with regulation?
21:55 What the committee should do exactly?
22:40 Senator Campbell tells about his experiences
23:10 Does young generation understand this better than the older gen.?
24:00 How long till Bitcoin is mass adopted?
25:31 How can we be sure that ISIS-like groups won't transfer money around the world?
28:56 Bitcoin is not hackable, is that true statement?
31:25 What is the relation of bitcoin to other 500 cryptocurrencies (CC)?
33:03 Can you foresee a time when a nationstate would adopt bitcoin?
34:55 Why not restrict bitcoin and add KYC, or add identification to bitcoin?
37:50 Can you explain bitcoin's monetary policy and why wouldnt it fail?
41:30 Who are bitcoin's biggest attractors?
42:55 What is biggest threat to bitcoin's growth?
44:30 What is the biggest user group?
47:05 What is the cause to develop a similar (CC) as bitcoin?
49:01 How can an individual secure his/her bitcoin wallet?
51:24 How can a person acquire loan in bitcoins?
54:15 What would regulation only in Canada do to bitcoin space?
56:05 How do we protect Canadians if bitcoin is used? How to mitigate individual risk of losing money?
1:02:10 When should we build regulation to bitcoin?
1:05:45 How do we deal with bad actors?
1:06:59 Do you know any countries that recognize or supervise bitcoin?
1:08:02 If one would issue a CC what is the value relation to bitcoin?
1:10:35 ???
1:12:20 How would taxation and bitcoin work together?
1:15:47 Are other CC's based on similar algorhytms and are they based on bitcoin?
1:17:30 Can mining monopolies jeopardize bitcoin network?
1:21:00 How do you value bitcoin?
1:23:35 Can products and services be priced in bitcoin in the future?
1:24:30 Where do you keep your bitcoins?
1:25:48 Can bitcoin scale to millions transactions?
1:28:30 Can we make use of bitcoin's monetary practices elsewhere?
1:30:10 How would current finance adapt to bitcoin?
1:33:05 How can bitcoin possibly succeed?
1:35:25 What are the implications of digital currencies (e.g. M-Pesa) and bitcoin on Africa?
1:40:00 What can bitcoin do to Canada?
1:42:30 How did New York State got it wrong?
1:44:10 How does taxation work at the moment?
1:46:00 Where do you see blockchain technology after 5 years?
1:48:00 Joking about putting marriage into blockchain
1:49:00 What should we do now regarding regulation?
1:50:38 Mr. Antonopolous. Your reputation precedes you. Applauds.
good job people will appreciate this.
This man knows exactly how to pacify the would-be regulators while sticking to the truth. The level of altruism and farsightedness in the community is amazing. Absolute genius.
This guy is outrageously smart and collected. Stunning to watch.
Tremendous! This happened 2 years ago and is still completely relevant. Bravo Andreas!
4 years ago. Still relevant
@@FilipeSilva1 6 Years ago still relevant
Checkin 7 years later to say, yep- still relevant
Two hours of no waste talk about Bitcoin and its implications over the future of our societies.
Nice job Andreas, you killed it.
senate - should we regulate it ?
andreas - no
s - regulate it this way ?
a - no
s - this way ?
a - nope
s - that way ?
a - nope
s - this way ?
a - nope
👍
This is so interesting to watch as an American. The Canadian Senators are so curious and sincere.
Andreas Is one of the most brilliant speakers I've ever had the privilege to hear share their knowledge. Such a great ambassador.
I never thought I would watch a 2 hour long video on RUclips. that too without a break. answers so many questions. Thanks a lot Andreas.
Best 2 hrs ive spent watching youtube in years. Good job Andreas!
Andreas you make us so proud of being Greek. You are the true master of bitcoin!
Just think how proud his Mum feels!?
Watching 9 years ago video but very relevant today
lots to learn from this man, Andreas, thank you
Whenever I'm feeling down I still come every now and then just to listen to Andreas in this hearing. Mr. Antonopoulos, you are an absolute hero and I never would have spent the past 4 years in decentralized governance and DAOs if it were not for you. You inspired millions. The space has lost touch with the ethos and reason on why so many pioneers sacrificed so much in the fight for decentralization.
One thinks often about senators as the "old noses" sitting in their warm chairs and basically not getting these topics. I am very pleasantly surprised that this is not the case. They give space for that presentation, they ask the right questions, Andreas Antonopoulos answers in a very elaborated and correct way. Great watching and listening.
Richard Jelinek Old useless runny noses.
To this day, his message rings true. Awesome, awesome, awesome. Thank you for uploading.
Have a good day, everyone.
Andreas, this was honestly an AMAZING hearing. Thank you so much for helping to making our banking committee one of the best prepared to grapple with crypto-assets!
Andreas really nailed it. We're lucky to have such a bright, well-spoken advocate in our community.
Regulation has already driven criminals to other privacy coins - Andreas proven correct.
I have always enjoyed and learned a lot whenever I have a chance to listen to Andreas Antonopoulos speak about bitcoin, but the way he answered questions and educated the Senators at this hearing is absolutely incredible.
All government financial and banking officials should be required to watch this video at least 5 times. It may make a difference to the one's that still have a little honesty left in them.
Andreas makes me want to stand up and cheer whenever I hear him speak. Not only does he have a great intellectual understanding of all things crypto ... he also has great eloquence and passion on the subject. His importance to the future of bitcoin (and therefore to *our* future) should not be underestimated.
I hope he doesn't read this, lest his head swell too much ... lol
This hearing could be the basis of an extraordinary movie in 10 years! Great job (as usual) Andreas!!! Fascinating as hell to hear your answers to the old dusty, stodgy politicians! You have an amazing gift of educating very complex concepts to average folks so effectively.
I just realized Im spending my evening listening to a senate meeting.. Fucking Bitcoin, only you could do this to me.
LOLOLOLOLOLOLOL! That's funny as hell!
But, to tell you the truth, Andreas may have single-handedly just convinced me to remove over 80% of my funds from these crooked-assed banks and start treating bitcoin like the true account I want to have control over. I'm now super excited!
Whether it's a wise choice or not, I already have over 90% of my funds in bitcoin and I use it everyday with a bitcoin debit card. I actually feel safer having my money in bitcoin than I do in USD.
same xD
me too TT
That meeting could not have been conducted any better than how it went. 1 Because Andreas is by far the most competent medium for conveying the idea(Thus far* -He kind of gets Finders rights to this) behind what BlockChain is and what Cryptocurrency is, at a level where not only an every day person can understand, but to also put it in perspective for how our leaders can understand. And 2 The openness and willingness to actually understand what Andreas was saying and the implications of this new technology, by the members of this Canadian forum. Both sides too this discussion did extremely well in the rolls they had, in asking the right questions and giving the right answers... You could really see the smile growing on the Main Speaker's face and the sort of excitement as this discussion went on. You could see that he was blown away after every time Andreas spoke. I know I am a bit late to the party on this video and when it was released, but for future parties and people alike who do not or will not know about this discussion in particular... I want to extend EXTREME gratitude on behalf of All of them to ALL parties in this discussion. This video should be presented to all leadership of every country around the world, and also be preserved as a landmark historical event which is equal to, the discovery of North America. Thank you Andreas, you truly are The* Bitcoin Jesus!
Andreas nailed it
Unfortunately we then voted in a Socialist government into office. (Trudeau with the mastermind Bill Morneau) who are huge Debt Fiat money assholes. Our Currency devalued something like 30% within 6 months. Not to mention they borrow against central banks to virtue signal. We are so fucked.
nathonas ✊
He always does.
What an amazing insight into the early stages of BITCOIN. Andreas is the guru in this subject.
Every time one of these bureaucrats says "money laundering", I realize why I should never testify in front of such a committee.
The "politicians" want to take their cut
This literally gives me chills from start to finish every time I listen it. Such a clear mind and deeply thought arguments. Insane!
What a class o politics Canada has, i hope one day we have that in Mexico, regards to all canadians
Superb. Brilliant clarity and profound comprehension. A notable public service. Thank you Mr. Antonopoulos.
some of the questions seem like " tell me your weakness, so i can destroy you".
Of course they would like but they do not have the knodledge.
Andreas M. Antonopoulos is on point everytime! Great conversationalist, always quick, accurate and logically sound. I would never want to get into an argument with this guy.
Wow, What an Excellent Presentation.
Andreas is really the kind of Ambassador Bitcoin requires.
Congratulations!
XSilvenX
1 day ago
+georgem "Admit it, money doesn't create problems."
That statement might possibly be the most erroneous statement on the internet, next to the Earth being flat and Jesus loving you. The sole motivator for the vast majority of crimes done for personal gain is money. The sole reason for organized crime and all the murders/kidnappings/ransoms associated with the entire underworld is money. In fact, most crime is either directly, or indirectly financial in nature. The reason why the majority of the third world is suffering -- besides logistical limitations -- is money. The reason why politicians, and virtually anyone in a position of power is corruptible, is money. One of the top reasons marriages end, as well as the reason for tons of other miscellaneous interpersonal problems between friends/siblings/lovers/etc. is money. Not having enough money forces you to live on the street despite the amount of resources you can potentially have access to, and the list goes on, and on...
It doesn't logically follow that any of the aforementioned propensities for crime, or socioeconomic issues will magically disappear if government, banks, and corporations are absent. The reason you get up and sacrifice your health and sanity to stay at a shitty dead-end job around people you'd rather not be around is money. Mind you, I'm not saying government, banks, and corporations don't play a huge role in why capitalism isn't as great as it can potentially be. I'm sure anyone who's been alive for more than 20 years can agree to that, but for you to blatantly ignore the flip side of that -- the obvious limitations and inherent problems with our current dominant socioeconomic system -- is quite literally unreal.
Reply
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Todd McKissick
1 day ago
+XSilvenX You are getting very close to a complete understanding. You're still missing one relevant factor. Through the fractional reserve system and fiat (by government decree) money, the value of hard money is constantly deflated. This means holding or earning some of it is a losing battle against inflation. The system was designed with exactly this in mind from the beginning BY THE BIGGEST BANKS. It's like you and I sharing a pie (the total value society offers to money) and I give you 3 pieces, I keep the rest, but we keep cutting the pieces smaller and smaller (you still only get 3). On it's face, you still have the same pie but in reality, it equates to less food.
By doing this across the board, they steal from individuals, families, businesses, corporations, municipalities, governments, countries and any other entity out there. It's exactly this theft that causes scarcity of money and it's that scarcity that's the root cause of every problem you correctly listed. Stop that theft and every one of those entities become insanely wealthy in an instant.
How much? Their wealth gain total the same as the income of the banks but it gets better. Their income totals around 4/5ths of the total GDP so right off, we'd get 5 times what we currently do. That's enough to remove most crime by itself. However, if your taxes take 25% of your income and your interest takes another 25% and your insurance takes another 25% and your bills take 20%, then you actually "live" on 5%. If I suddenly give you 5x as much, many of those expenses don't increase. A rough average might be that interest drops to zero, insurance is halved and bills double. This leaves about 20% to "live" on but it's now 20% OF 5 TIMES THE ORIGINAL AMOUNT. That's 20 times the living income you began with. You can see how quickly the right decisions can lead to retiring very early. And earlier retirements lead to lower unemployment.
Overall, this leads to money abundance which solves most of your listed problems. And by placing the people more in charge of the political scene (since there's no monopolistic banks to bribe the politicians), more effective government will likely lead to better peer pressure solutions vs so many violence based disciplinary solutions.
And all this came from the people taking control back over how money is used.
Incredibly articulate and helpful, very well done to both Andreas and the Canadian Senate in chairing sensible poignant questions.
I have never see Politicians behave so maturely to a new paradigm especially related to technology. Andreas was fantastic.
This is grateful for the entire world, Thanks to everyone on this kind of education at that level.
I am pleased, with the Canadian Senator's optimistic reception of this idea. I am for; any new development of a system that takes the power out of a centralized banking system, controlling our monetary system, and putting it back in the hands of the people, where it belongs. This system should be part of the free market, not regulated or controlled by any governing body or agency.
Unfortunately we then voted in a Socialist government into office. (Trudeau with the mastermind Bill Morneau) who are huge Debt Fiat money assholes. Our Currency devalued something like 30% within 6 months. Not to mention they borrow against central banks to virtue signal. We are so fucked.
This is public fact that there are only three countries left in the world that aren't owned or controlled by the central banks. (Cuba, North Korea & Iran) The entire global monetary system trades or issues fiat currency. There needs to be a change, the problem is not just Canada, it's global and it's systemic.
Its as if the politicians learn to go into debt to go to university, then pass on that poison to the rest of us.
The value of the Canadian dollar is proportional to the things we sell to other nations. When we regulated ourselves out of work and the Americans woke up and started to talk about deregulation and lower taxes, the investors in Canada (mainly Americans) went back home. Our banking system is Fiat, just like the US too, making matters worse. Our NDP Provincial government in Alberta and our Federal Liberal government have both leveraged heavily, already. Within 6 months, our PM borrowed a billion dollars to give away to foreign nations to fight climate change.... what this actually means to you is that by the time you retire, you won't have a CPP worth having. Hell, as I've stated many times, I'm only 36 years old, and I've seen our currency devalue several times. Its buying power is less and less with each decade.
Government jobs do not count as 'employment', because they get paid by the extortion of labour from other people, and those funds get democratically dictated where to be spent by elected, but mostly unelected bureaucrats. Government fudges 'unemployment numbers' as a means to make you believe they are doing great things, so you continue to let them expand their powers over your life. Its oppressive. NOTE: Our borrowing rate is not as bad as the US. They are upwards of -$250,000 per every citizen in the US, whereas in Canada, we owe $19,000 each. So, going back to that I've stated before, (maybe not in this conversation) Socialism and Corporatism are the same thing... they both are control from a central body through laws and regulations, and the economics behind it is not sustainable.
Kill corporatism with capitalism. Allow people the power to decide. Kill the monopolies by unleashing the power of the public will and ingenuity (creativity)
Governments across the globe should watch Andreas brilliantly explain it all bit by bit. Could save good time across Senates as I don't think there can be a better ambassador for Cryptos than this man :)
this video is going to continue to age well into the future
Feb 2021, $60kCAD
I love watching this video almost once a week. Thanks for educating all of us about bitcoin, Andreas Antonopoulos.
Once again Andreas M. Antonopoulos has proven why he is the Guru of Bitcoin, fascinating entertaining response and well crafted it was a very enjoyable watch and a very balanced reply and approach towards the area of Bitcoin. While some bitcoiners think and are fully aware of the scenarios presented and know where these references come from putting them into words that everyone can understand succinctly and from a balanced viewpoint truly requires a wordsmith and that is where Andreas truly shines.
A truly masterful and measured presentation on the reason to take a deep breath on rush to legislation. Powerful, reasoned, very intelligent, and wonderful to see the senate committee taking it in. I was extremely impressed, and wish more people could take two hours out of their life to watch and think about where transactions might be 10 years from now. I've watched it twice, and will likely watch it again.
Wow
I couldn't stop watching. Very interesting.
Beast mode! Andreas gives me chills every time I hear him speak. What a great presentation!
Amazingly well done there Andreas. Not A Bitcoin guru... but THE Bitcoin guru.
For the first time I was astonished about the level of integrity, honesty and deeply engaged knowledge about very political and human rights implications of new technology. The senate expressed a willingness to explore with an open mind the issues at hand and to come. That, I think has been made possible by the excellent way Mr. Antonopoulos expressed himself in word and demeanor. It shows that politics not always has to be a senational spectacle, but almost an engaging lecture in political exploration. A political blockbuster. No dull moment.
A positive and constructive conversation on the this new technology.
Canada. If this were an american gov discussion it would be obsessing even more on the "terrorism" aspect.
Absolutely man....
Always a pleasure listening to Andreas!
I fully agree Veganic. Being relatively new to understanding Bitcoin, I find no better than Andreas Antonopoulos in eloquently and intelligently spreading the real vision of Bitcoin and its possibilities. In my opinion, I believe the only obstacle in Bitcoins way are those whom are not in full realization of this technologies full potential, but instead focused on a short term, narrow perspective monetary agenda. We definitely need broad perspective thinkers advocating Bitcoins true power and to help people understand it's outreach. Not if, but when this alignment takes shape, Bitcoin will revolutionize the world, as it was meant.
That was the most interesting talk I watched in a long time! 2 hours well spent
Just breathtaking.
Superb, This was extremely impressive. Watched the whole 2 hours and hope the Canadian Senate Committee wrote down as many notes as I did.
Thanks for uploading!
It's so funny. I know a lot of people who don't even know what Bitcoin and cryptocurrencies are. Time to educate them.
Pure gold, great job Andreas. Love seeing the Canadian Senate in action, so humble and genuinely interested. This video should be placed on the World's Heritage list.
All they are asking is "How do we tax bitcoin???"
Exactly. Their reflex is to see something that is "unregulated" and freak out. It must be "regulated", and they go looking for fantasies like "terrorists" in order to justify that regulation.
They're regulators. They have their hammer, and they will use it on everything no matter how destructive that hammer is.
And bitcoin's response is: 3 is a crowd in a transaction between 2 consenting minds.
The last time I played this video from start to finish was 3 years ago, and watching it again now I don't sense that as much anymore. It is there - and they do have a duty to regulate things in their country, after all - but more than anything I saw a deep sense of fascination and an open mind, even from the conservative politicians.
Of course, Andreas has a way of disarming them, like Fred Rogers when he spoke on behalf of federal PBS funding and utterly winning over the very conservative Senator in charge of allocating those funds.
Wow ! This entire 2 hr conversation is still incredibly relavant in 2021.
Andreas is brilliant at this 👍
If they don’t get it, is because they don´t want. Answers are clear as ever coming from Andreas. Great lesson!
"So the bedroom door doesn't open for the wrong person" LOL!
Respect! Andreas is a person i admire greatly, even 4 years later i am amazed to watch this video and how accurate it was even 4 years back.
Wow! Such a useful Question and Answer session on Bitcoin. It is a great introduction to Bitcoin for those who don't yet "get it". Government officials could do well to watch this video as a "must see" or compulsory "reading" list. If you see his answer to how New York got it wrong; I suggest you might find it hard to disagree with his answer.
how does this guy keep a straight face for so long?! so much practice, so eloquent
47:51 That moment when you call fiat currency "nationalized monopoly money" to the face of the banking committee members of Canada. Hah!