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Blockchain vs. Bullshit: Thoughts on the Future of Money [Classic Bitcoin & Open Blockchain Talk] 

aantonop
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In this talk "Blockchain vs. Bullshit - Thoughts on the Future of Money," Andreas outlines the necessary criteria that will help you distinguish bitcoin blockchains from bullshit, and why the goal of developing this technology should not be "banking the unbanked" but rather de-banking all of us.
This talk is featured in The Internet of Money volume 2, which can be purchased in multiple languages in paperback, ebook, or audiobook: aantonop.io/tiomv2ebooks/
Chapters
0:00 Introduction
2:30 The hype and empty promises around "blockchain"
4:45 Reconsidering info security, research in applied cryptography
7:13 Blockchains vs. databases
8:33 The essence of Bitcoin: revolutionizing trust
10:24 Open blockchains are the only ones that matter
13:12 Censorship resistance and other important characteristics
14:05 Criteria: blockchain or bullshit?
15:45 Fundamentally changing the allocation of trust
16:43 Permissioned "distributed ledgers" are boring & insecure
21:48 Hey Wall Street, Anonymous is coming for your keys
23:06 Promising opportunities, solving the unsolvable problems
24:50 The 3 elements to success in this industry
27:44 The necessary steps to mature out of infancy
QUESTION & ANSWER:
Hot vs. cold wallets - • Bitcoin Q&A: Hot vs. C...
The revolution in trust - • Bitcoin Q&A: The Revol...
RELATED:
Blockchain for Beginners - • Blockchain for Beginners
How to get people to care about security - • Bitcoin Q&A: How to Ge...
Welcome to TrustNet - • Welcome to TrustNet - ...
Hardware, Software, Trustware - • Hardware, Software, Tr...
Initial coin offerings (ICOs) - • Ethereum Q&A: Initial ...
What are the most exciting recent developments? - • Bitcoin Q&A: What are ...
Trust, promise of value, and intrinsic utility - • Bitcoin Q&A: Trust, Pr...
The oxymoron of national blockchains - • Bitcoin Q&A: The Oxymo...
Private chains misunderstand the fundamental value of blockchains - • Ethereum Q&A: Private ...
This keynote talk took place at the Blockchain Africa Conference on March 2nd 2017 at the Focus Rooms in Johannesburg, South Africa: blockchainafrica.co/speakers/a...
Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and well-respected figures in bitcoin.
Follow on Twitter: @aantonop / aantonop
Website: antonopoulos.com/
He is the author of: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; "Mastering Ethereum," also published by O'Reilly Media and is a programmers guide to the Ethereum network; and “The Internet of Money,” a series of books about why bitcoin matters.
Subscribe to the channel to learn more about Bitcoin & open blockchains; click on the red bell to enable notifications about new videos!
MASTERING BITCOIN, 2nd Edition: amzn.to/2xcdsY9
Translations of MASTERING BITCOIN: bitcoinbook.info/translations...
THE INTERNET OF MONEY, v1: amzn.to/2ykmXFs
THE INTERNET OF MONEY, v2: amzn.to/2IIG5BJ
Translations of THE INTERNET OF MONEY:
Spanish, 'Internet del Dinero' (v1) - amzn.to/2yoaTTq
French, 'L'internet de l'argent' (v1) - www.amazon.fr/Linternet-large...
Russian, 'Интернет денег' (v1) - www.olbuss.ru/catalog/ekonomi...
Vietnamese, 'Internet Của Tiền Tệ' (v1) - alphabooks.vn/khi-tien-len-mang
MASTERING ETHEREUM (Q4): amzn.to/2xdxmlK
Music: "Unbounded" by Orfan ( / orfan )
Outro Graphics: Phneep (www.phneep.com/)
Outro Art: Rock Barcellos (www.rockincomics.com.br/)
Join the aantonop Channel: aantonop.io/joinaantonopyt
#bitcoin #blockchain #cryptocurrency

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4 авг 2024

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Комментарии : 389   
@LukinoH
@LukinoH 5 лет назад
Brilliant statement at the end: "This isn't about banking the unbanked, it's about debanking all of us."
@gaiusjuliuscaesar3204
@gaiusjuliuscaesar3204 7 лет назад
You have to recognize the personal and authentic effort this guy is putting into the idea.
@karendegenerous8044
@karendegenerous8044 4 года назад
Great sarcasm LOL. I don't think I've seen worse ha ha ha ha.
@OMGWUNSIU
@OMGWUNSIU 5 месяцев назад
Watching in 2023!
@PeterSosinski
@PeterSosinski 7 лет назад
Andreas has gotten very good at public speaking from some of his very first ones. Awesome to see him do this. Would love to see him in some debates with others.
@ZacheryGlass
@ZacheryGlass 7 лет назад
Their should be public debates on which altcoins are superior
@alextrezvy6889
@alextrezvy6889 7 лет назад
Can you link "very first" ones to compare?
@cmanycrows8400
@cmanycrows8400 7 лет назад
Сатан V. Buterin would eat Andreas for breakfast.
@DrLae
@DrLae 7 лет назад
Peter Sosinski เพงไทย
@raptorcybersecurity
@raptorcybersecurity 7 лет назад
Andreas teamed up with Gavin Wood for a book on Ethereum coming out in November. That says something about both of them - they both recognize intelligence in others.
@JIANYM36
@JIANYM36 7 лет назад
OK. Now I see why everyone states he's a brilliant man. I agree. Very smart. Completely agree.
@karendegenerous8044
@karendegenerous8044 4 года назад
SO you spoke to everyone in the world????? That’s interesting, did you contact them by blockchain 😂😂😂😂😂😂😂. You are such a f liar, you must get a job with this nasty company as you are the exact same calibre as this swindling double AJS Andreas. What? You work for him and the failed bit-coin inventor already, wow, I guess it all makes sense now. All the poop in together and all paid to leave comments on here, you are ALL as fake as each other.
@geoms6263
@geoms6263 3 месяца назад
are you a milionaire?
@cryptosandtokens7104
@cryptosandtokens7104 3 года назад
This is by far the greatest history lesson ever! Everything he predicted occurred and we are not witnessing the flourishing of advanced technology before our eyes!
@amag100
@amag100 7 лет назад
Bankers and politicians will keep fighting against disruptive technologies like cryptocurrencies. Andreas always throws some truths right on their faces.
@e-cuauhtemoc
@e-cuauhtemoc 6 лет назад
Antônio Marcos Arduini Gonçalves Bitcoin Jesus!
@matwoolley1695
@matwoolley1695 6 лет назад
It's either power to the people or mark of the beast, the exciting thing is nobody knows which way it is going to go yet for sure
@theghadghad2520
@theghadghad2520 6 лет назад
AND WHEN U KEEP FIGHTING IN THESE TIMES U LOSE HORRIBLY. I THINK THEY FRONT LIKE THERE FIGHTING THEN HIDE THERE HAND TO POSITION THEM SELVES. SO I SAY POSITION UR SELF. ANDRE DID. AND I AM ALSO AND IM THANKFUL TO OUR ANCESTORS. AND SO IT IS!
@Einnor084
@Einnor084 Год назад
@@matwoolley1695 DUH lil v., iz evidence, dat THEY r gonna brand ur hide, DEEPLY! ( BIG V., AN EARLY VERSION OF DA MARK/BRAND, DLIVERY SHITSTEM. ) & ur gonna like it! RITE?!?
@goodmorningfiatnam
@goodmorningfiatnam 4 года назад
Andreas: “How many people own blockchain?” Craig Wright in the back: *raises his hand...security escorts him out*
@Ryan-xq3kl
@Ryan-xq3kl 3 года назад
Craig Wright is the definition of someone who should quit while their ahead
@armandoanderson3536
@armandoanderson3536 7 лет назад
Finally, a single source video that explains fully; clearly; and powerfully this ridiculous notion of a private permissioned blockchain. Thanks Andreas!!
@BitcoinNoddy
@BitcoinNoddy 7 лет назад
i've been learning for 3 days now, you're awesome Andreas!
@ibvocean
@ibvocean 6 лет назад
He dumbs down smart things and smartens up dumb people.
@Nimbhotep
@Nimbhotep 6 лет назад
i've learned that i have a lot to learn...
@AbiyeKetema
@AbiyeKetema 6 лет назад
Angelo Jamaica I have learned this technology is way more than financial incentives.
@captaincrypto5113
@captaincrypto5113 6 лет назад
Great answer pilot! continue with good work
@captaincrypto5113
@captaincrypto5113 6 лет назад
Nimbhotep
@tmst2199
@tmst2199 7 лет назад
Andreas has really hit his stride since his great presentations a few years ago when he was already one of the most compelling, inspired and gifted public speakers I'd ever seen. Bitcoin is greatly honored and benefited by his continued energy and dedication.
@AC-vp4ss
@AC-vp4ss 3 года назад
4Years later and still super informative! Thank you!
@samueladams584
@samueladams584 3 года назад
More people need to see this lecture
@DanielRaymondQuebec
@DanielRaymondQuebec 6 лет назад
This video is amazing! I listen to it at least once a month to refresh my understanding of the future of money. Andreas, continue your great work.
@onurpekdemir
@onurpekdemir 3 года назад
Still (after years) ... one of the best talks about Bitcoin I've seen so far.
@nipponese
@nipponese 7 лет назад
This is one of the hardest, longest, most vicious rips on Ripple ever publicly distributed. lol
@messy4927
@messy4927 7 лет назад
i felt that
@fredwhat3205
@fredwhat3205 7 лет назад
I thought it was a rip on LN
@MasterNeiXD
@MasterNeiXD 6 лет назад
Fred What Nah, he loves the LN.
@nicholasgans3907
@nicholasgans3907 5 лет назад
and EOS?
@cekcekrokrok9979
@cekcekrokrok9979 5 лет назад
So u mean Ripple not base on blockchain?
@ce11u1e
@ce11u1e 6 лет назад
Such a great time to be alive. You are my new hero. 😍😍😍
@StatisticallyChallenged
@StatisticallyChallenged 5 лет назад
Love rewatching these every year. I always learn something new. Come to Toronto again Andreas!! :)
@UndisclosedTalent
@UndisclosedTalent 7 лет назад
That was better than any ted talk I've heard on the subject.... absolutely brilliant... bravo and thank you! Subscribed!
@jonaswinters6489
@jonaswinters6489 7 лет назад
dude in the white polo in the front made some sick gains since this video was posted.
@TheCryptoFactor
@TheCryptoFactor 3 года назад
2020 and this video is STILL amazing and Andreas is STILL the best speaker and more.
@RyanjmatthewsII
@RyanjmatthewsII 6 лет назад
Seriously...why can't our world leaders be as intelligent as this man? Thank you so very much for sharing this power!! This is such an incredible presentation.
@jayp6955
@jayp6955 6 лет назад
&ANT is a man to follow. Not sure why I wasn't subscribed to this channel sooner.
@RealAndrewGomez
@RealAndrewGomez 6 лет назад
Brilliant! Thank you so much Andreas! YOU ROCK!
@driver55
@driver55 4 года назад
Five star talk. Incredible.
@lgrrf
@lgrrf 7 лет назад
20:28 "removing the clearing house and replacing it with a consortium (aka cartel) of the same market makers who have manipulated and compromised every market in history and doing that in a way that closes this from transparency (...) is not a blockchain; that's a bullshit"
@PleaseShutUpNowDude
@PleaseShutUpNowDude 3 года назад
That statement fits perfectly to the 2nd layer which is dominated by corporate interests.
@chrisgonzalez6594
@chrisgonzalez6594 7 лет назад
Great talk! Loved how you tied into the innovators dilemma with emerging tech
@ianandlou5889
@ianandlou5889 6 лет назад
Really engaging, informative and funny, as always; thank you Andreas! :)
@lifelogging6049
@lifelogging6049 6 лет назад
Best blockchain information ever! grand perspective thinking. Andreas you are the best!
@boogyjuggy
@boogyjuggy 6 лет назад
impressive, i am learning daily...thank you
@enncee5178
@enncee5178 6 лет назад
One of the best talks from Andreas! 👍
@Peter-ex6hl
@Peter-ex6hl 6 лет назад
It´s about unbanking all of us............ god i have goosebumps right now thank you very much for your educational work andreas
@thebaby-boomerminer9934
@thebaby-boomerminer9934 7 лет назад
Outstanding information
@sango73
@sango73 6 лет назад
Andreas Antonopoulos : The legend !
@arthurcochran3402
@arthurcochran3402 6 лет назад
This guy is a genius :) THANK YOU Andreas im learning alot!!
@insidepoliticar5290
@insidepoliticar5290 7 лет назад
An excellent speaker and video! Thanks Andreas!
@SMX815
@SMX815 4 года назад
This is fountain of knowledge with everything to do with bitcoin & I can listen to him all day!
@jeffreybutts1916
@jeffreybutts1916 7 лет назад
Really great talk. Your discussion on clearinghouses and banks was clarifying. I'm working up a business plan and think I'll leave the "it's not about serving the unbank, but unbanking all of us" when I go to the bank with my business plan. Probably even with the local economic development authority ...
@firstlast3507
@firstlast3507 5 лет назад
One of the greatest human beings to have ever lived, Andreas M Antonopoulos.
@Nimbhotep
@Nimbhotep 6 лет назад
Very passionate. Very good speech, easy to get a point.
@theghadghad2520
@theghadghad2520 6 лет назад
Andre is just u. he a reflection of us in these respects. these info is inside us that's what will make it continue to evolve for us we the humanity and beyond. AND SO IT IS. AND WE WIN!
@cryptobaron1153
@cryptobaron1153 7 лет назад
Terrific stuff, Andreas. Really mad I missed your Philly visit.
@johnbostick9176
@johnbostick9176 6 лет назад
Great ending summary, currency is to decentralized block chain what email was to the internet, the route to adoption. Damn, that is the most clear minded statement I have ever heard on the subject, Zero to One.
@viviana.broker
@viviana.broker 4 года назад
Saludos desde Perú, Andreas Antonopoulos, muchas gracias por educarnos, Dios te bendiga!
@roger9000
@roger9000 6 лет назад
THANK ANDREAS! Absolutely inspirational! One day at a time! BITCOIN will CHANGE the WORLD !
@paulczar
@paulczar 7 лет назад
Unfortunate architecture/room layout with that support beam splitting the stage. Weird.
@robbatayaki5505
@robbatayaki5505 11 месяцев назад
revisiting the video 6 years later !
@eddieleong6490
@eddieleong6490 6 лет назад
Powerful speech. No need to show any slides. I will listen to more of his speeches. Well done.
@skuduvids
@skuduvids 7 лет назад
people paz alot of money for great speakers that know their stuff. Will share this fantastic seminar come info evening. very cleary explained what is what even for the newbies.
@cryptovisuals9182
@cryptovisuals9182 7 лет назад
Great presentation Andreas!
@jointherlworld
@jointherlworld 2 года назад
Very interesting to see this in retrospect!
@andgm5209
@andgm5209 2 года назад
Gracias Andreas 🙏❤️
@ThedudeMMXlll
@ThedudeMMXlll 5 лет назад
Such a great presentation 2019 n he is right. Feels like if he was from The future or something.
@doulfis
@doulfis Год назад
Excellent Presentation !
@cryptokiddie2910
@cryptokiddie2910 6 лет назад
This video reminds me of a TED talk but is better than that. He's right about learning quickly "by storing your BTC on Windows". Investing in blockchain really has you thinking more about security and privacy. 2FA is the minimum security for me these days. This technology is driving us towards privacy coins: Zclassic - growth potential, Monero - already heading to mass adoption and DeepOnion - airdrop and unique Vote Central coming. Exciting new world, be ready for it.
@lumining5418
@lumining5418 6 лет назад
2FA is very important to keep your funds secure but it's also important to keep your funds away from spying eyes. The use of the TOR network adds an extra layer of security and anonymity for the users of a Tor based crypto. Some crypto's use it but I think that only DeepOnion uses it natively.
@tafirsmenmaasteln7123
@tafirsmenmaasteln7123 6 лет назад
This technology is driving us towards privacy because cryptocurrency goes against the ideals of our government - to see what we're doing all the time, and to try and control us. Coins like DeepOnion and Monero are great because they present more of a defense to take us back to our rights as people, and to have true control over our money again. Great points you made.
@mattiasjayadambrosio4017
@mattiasjayadambrosio4017 6 лет назад
I agree with the posts above, privacy is something you miss once it's too late, and this is directly linked with security aspects such as 2FA, Tornetowork and anonymous cryptos such as Monero and Dash, never heard about DeepOnion, but I googled it and sounds really interisting it too !!!
@drnareshchauhan
@drnareshchauhan 2 года назад
Just amazing ..inspiring ..
@satoshiltd5589
@satoshiltd5589 5 лет назад
Absolutely brilliant.
@LordSantiagor
@LordSantiagor 7 лет назад
wow, powerful speech! Thanks!
@nils9328
@nils9328 7 лет назад
Another great talk!
@linusx77
@linusx77 3 года назад
Andreas went all in and you do well to listent to this guy. He knows his stuff.
@tiddlewink101
@tiddlewink101 7 лет назад
Seriously knows his stuff, not even any cues. Nice talk
@budlacombe
@budlacombe 6 лет назад
"The whole point of a decentralized block-chain is you don't keep the information secure, you spread it out so thin, there is no place to attack it directly". - Andreas
@johnta17
@johnta17 6 лет назад
He speaks for all of us
@TonyGustafsson
@TonyGustafsson 5 лет назад
Really fantastic speech! Never heard this pointed out so clearly. And it is still so relevant in 2019. I've invested in some really small cap stuff and starting to realize that even if the tech in itself is really awesome, it has nothing to do with market prices. And in five years unknown chains might pop up when people are ready for it and completely wipe out the onces I've put money in :P Also, the money is to dlt what email was to the internet. What a good way of looking at it. Great!
@SebHaugeto
@SebHaugeto 7 лет назад
Thanks for your two cents on this!
@davidboivin4111
@davidboivin4111 5 лет назад
two satoshis !
@redone5088
@redone5088 6 лет назад
This is so true. I love your presentations! Blockhain is now where internet was in 1992. so true. It's here to be developed, but yet blockchain is defo here to stay. In that terms based on trust however, privacy is next most important factor when it comes to wide spread and usage of this type of technology. With all respect to the Bitcoin there are now "new kids from the block" like Monero, DeepOnion, Zcash and similar trying to get there and be THE one. Talking about privacy of course. Lot's of recent developments since this video, lot's of new things like for example one of the coins that I've mentioned DeepOnion is running native on TOR, no need for any further setup like with other coins, just plug & play. Lot of great things coming up for the crypto and technology that we are not even aware of. It's great time to be part to all of these changes.
@Satisfiedcompilation
@Satisfiedcompilation 7 лет назад
1000years ago, if I told you at that time. telling you there was no longer use gold as money. we will use paper money.for sure, no one will believe it. and it even doesn't make sense a paper can be a currency or money when everyone is holding a gold
@bryanlee7295
@bryanlee7295 6 лет назад
The Chinese created paper money over a thousand years ago.
@williamschnl
@williamschnl 5 лет назад
and now, they're producing ASIC miners for bitcoin. well then, i think we're on the right track.
@Frankenfoods
@Frankenfoods 7 лет назад
Blockchain or not, you need a trustless banking/trading system for there to be true price discovery. He covered this point very well. Always enjoy hearing his talks. All decentralized Crypto's to the moon!
@Jerrel.A
@Jerrel.A 7 лет назад
Andeas you're the Best BC Oracle!
@kmarc
@kmarc 6 лет назад
Man these are great videos to be able to watch for free. I think privacy coins will definitely have a huge place in the future if crypto especially DeepOnion with their deepvault feature and their deepsend feature that’s coming out and it’s still in the early stages to get in. There’s a bunch of great upcoming privacy projects coming up right now and I think 2018 will be a big year for it.
@hpopov
@hpopov 6 лет назад
Best talk ever!
@00Nick00
@00Nick00 6 лет назад
This is awesome, I just gotta say.
@AndreiDragosPopescu
@AndreiDragosPopescu 7 лет назад
Brilliant!
@vivianavelasquez15
@vivianavelasquez15 4 года назад
Gracias Andreas Antonopoulos, por sus enseñanzas, estoy aprendiendo y compartiendo lo aprendido. Go People, a desbancarizarnos
@e-vd
@e-vd 6 месяцев назад
Bravo! 👏🏻👏🏻👏🏻
@GamerGuy51
@GamerGuy51 7 лет назад
love this guy. he spits the most level headed game on blockchain.
@gate7elllas
@gate7elllas 7 лет назад
Γεια ου αντρεα!!!!!Περηφανος για αυτο το ελληνικο πνευμα που αντιπρωσοπευεις
@hdv2886
@hdv2886 7 лет назад
Excellent.
@olupotdeogracious9192
@olupotdeogracious9192 2 года назад
Excellent talent in soft speaking blessings
@dejavu6591
@dejavu6591 2 года назад
Back from a market crash, it's good time for watching a video like this. lol
@JohnMcCullough97
@JohnMcCullough97 7 лет назад
Wow! What he said. LOL! He completed verbalized my feelings. Blockchain has huge potential but it is way too early to get a good grasp on the solution set. Would "Density of Adoption" be a great concept for a book?
@jackblack4513
@jackblack4513 7 лет назад
brilliant..!!
@AllTotalCoaching
@AllTotalCoaching 7 лет назад
Great talk
@gabrielmegiasgiannits4758
@gabrielmegiasgiannits4758 7 лет назад
the best knowledge..--!
@BitBoyCryptooChannel
@BitBoyCryptooChannel Год назад
Well understood
@pecfree
@pecfree 6 лет назад
The man!
@drflubert
@drflubert 7 лет назад
Wow Andreas smart!!
@GA-jx3dx
@GA-jx3dx 6 лет назад
I need to implement block chain in my project. I need consultation on the usage. Can you advise?
@logann001
@logann001 7 лет назад
Thx, nice to see comments enabled.
@DarkKnight-bi7cr
@DarkKnight-bi7cr 6 лет назад
Thanks Andreas for speaking on behalf of those suffering from the greed of Wall Street.
@MidnightSouls
@MidnightSouls 6 лет назад
I like how the word "Sap" is posted all over the room. Sums up the crypto-currency hypetrain.
@alexiuswee
@alexiuswee 3 года назад
Who is watching this in 2021?
@bitcoinmoc
@bitcoinmoc 2 года назад
Facebook sent me here. Good job.
@technosysfix
@technosysfix 6 лет назад
@aantonop Does one have to be a coder to get good insight on bitcoin and blockchain?
@ishark2008
@ishark2008 6 лет назад
It's very good.
@mikeoxygen
@mikeoxygen 3 года назад
After watching this video... My opinions about Blockchain and bitcoin is Changing
@margrietoregan828
@margrietoregan828 7 лет назад
totally awesome .... but I think we need to keep stressing "peer-to-peer"
@stand4liberty522
@stand4liberty522 6 лет назад
This speech is excellent. I think it will be referred to as seminal by future historians.
@LeandroCoutinho
@LeandroCoutinho 7 лет назад
@aantonop aantonop you said Bitcoin has 4 fundamental technologies. What are the four, pelase?
@bluemeeni1658
@bluemeeni1658 6 лет назад
He is a genius and a visionary.
@mikomatsumura9402
@mikomatsumura9402 6 лет назад
im so glad people sent him bitcoin to make up for the ones he had to sell to make ends meet for his family. I loved his book and agree with this view of blockchain (and bullshit as well). I call the bitcoin blockchain the slow and electricity burning database you use when you dont trust *anyone*
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