The Internet of Money

Are ICOs disruptive, democratic venture capital? Or bubbles fueling greed? Obviously, both. We're re-defining entrepreneurial capitalism, corporations, securities, fundraising, stock markets - everything financial and the regulatory system around it. There is a certain contingent that is looking at ICOs and revealing their very statist, traditional ideas. The SEC, securities law, and restrictions on initial public offerings came out of an initial environment that was a crazy bubble, but that kind of regulation is the old way of dealing with things. This ICO bubble will have negative consequences and people will malinvest. It's still created an opportunity to do something never done before: bridge the big gap between early-stage organic financing and stock market public offerings, for companies to fundraise from a completely globalised audience. What can we do with programmable money that's decentralised, re-imagines funding and escrow structures, with protections driven by crowdsourcing? If the crowd is funding, the crowd should be vetting. Banking is not the primary incumbent being disrupted, it is regulators and the institutional, centralised regulatory environment as well. In the meantime, I will not be investing in 99.999% of these ICOs because I don't invest in minimally viable whitepapers.

This is part of a talk which took place on June 6th 2017 at a joint meet-up with Blockchain Professionals, BitcoinSYD and SydEthereum in Sydney, Australia: https://antonopoulos.com/event/blockchain-professionals-sydney/

RELATED:

Initial coin offerings (ICOs) - https://youtu.be/Q5R8KuxV4A0

The token ICO explosion - https://youtu.be/vdaW8NtJXuQ

Altcoins and the scaling debate - https://youtu.be/slbpdW-H3yk

Irreversibility and consumer protection - https://youtu.be/R107YWu5XzU

TheDao: Why failure is necessary for learning - https://youtu.be/2KZTx8IYc9s

Programmable Money, Smart Contracts and DAOs - https://youtu.be/_0jxX84mzts

The Killer App: Engineering the Properties of Money - https://youtu.be/MxIrc1rxhyI

Blockchain vs. Bullshit: Thoughts on the Future of Money - https://archive.org/details/TheInternetOfMoney-Volume2/2-03-BlockchainVsBullshit_ThoughtsOnTheFutureOfMoney.mp3

Bitcoin, Payment Security, and Consumer Protection - https://youtu.be/qMkGfB8X58o

The separation of money and state - https://archive.org/details/TheInternetOfMoney-Volume2/2-18-BitcoinQA_SeparationOfMoneyAndState.mp3

How to get people to care about security - https://youtu.be/Ji1lS9NMz1E

ABOUT

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 https://twitter.com/aantonop

Website: https://antonopoulos.com/

He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

Subscribe to the YouTube channel to learn more about Bitcoin & open blockchains! https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ

If you want early-access to talks and a chance to participate in a monthly LIVE Q&A with Andreas, become a patron: https://www.patreon.com/aantonop

Read more:

“Mastering Bitcoin” - https://www.bitcoinbook.info/

“The Internet of Money” - https://theinternetofmoney.info/

Originally published as a YouTube video: https://www.youtube.com/watch?v=Plu_WX3Gs8E&list=PLPQwGV1aLnTu0KFDbHk4AUiiyce0xLX7p&index=21

ABOUT

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 https://twitter.com/aantonop

Website: https://antonopoulos.com/

He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

Subscribe to the YouTube channel to learn more about Bitcoin & open blockchains! https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ

If you want early-access to talks and a chance to participate in a monthly LIVE Q&A with Andreas, become a patron: https://www.patreon.com/aantonop

Read more:

“Mastering Bitcoin” - https://www.bitcoinbook.info/

“The Internet of Money” - https://theinternetofmoney.info/

Originally published as a YouTube video: https://www.youtube.com/watch?v=aNPEdXQaMf8&list=PLPQwGV1aLnTu0KFDbHk4AUiiyce0xLX7p&index=20

A talk about privacy, identity, surveillance, hierarchies and the future of network-centric private and secure money.

Keywords/phrases: Bitcoin and the market of revealing personal data. Micro-violations of privacy as payment. Cryptocurrency enabling switch to money payments while preserving privacy. The vulnerability of personal data collections, the dangers of KYC ("Know Your Customer").

ABOUT

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 https://twitter.com/aantonop

Website: https://antonopoulos.com/

He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

Subscribe to the YouTube channel to learn more about Bitcoin & open blockchains! https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ

If you want early-access to talks and a chance to participate in a monthly LIVE Q&A with Andreas, become a patron: https://www.patreon.com/aantonop

Read more:

“Mastering Bitcoin” - https://www.bitcoinbook.info/

“The Internet of Money” - https://theinternetofmoney.info/

Originally published as a YouTube video: https://www.youtube.com/watch?v=rwF7nMWUjBs&index=19&list=PLPQwGV1aLnTu0KFDbHk4AUiiyce0xLX7p

Will criminal elements leverage cryptocurrencies? Criminal organizations as early adopters of technology, operating at the nexus of highest risk and highest reward. Money, by definition, is something you can use to buy anything. The more restrictions it comes with, the more it loses the fundamental principle of medium of exchange. I bet it's a lot easier to buy drugs with the New Zealand dollar than it is with bitcoin. Criminals will use money, but what we need to understand is that the tool is not the crime and has never been the crime. 99% of humanity is going to use money and other tools to feed our children, give them healthcare, education, and a better future. I'm not concerned with solving crime through attempting to control money. The organization you give the absolute power over money to, will become the criminal and punish not other criminals but their political opponents. We need to start thinking about separation of money and state, and understand that it just as important as the separation of church and state.

This is part of a talk which took place on May 8th 2017 at The Blockchain.NZ Conference in Auckland, New Zealand: https://antonopoulos.com/event/the-blockchain-new-zealand-conference/

RELATED:

Beyond National Money - Zurich March 2016 - https://youtu.be/V_RS9Lh_rBY

The oxymoron of national blockchains - https://youtu.be/qSIBFBq9tRs

A voluntary alternative to mandatory currencies - https://youtu.be/5ogv3Eya9nQ

Can cryptocurrencies support terrorism? - https://youtu.be/Ryz-pXbsojU

Why we should resist financial surveillance - https://youtu.be/KBFedmrDTQw

Bitcoin and Blockchain in Norway - https://youtu.be/5ODDCx6VL2Y

The Stories We Tell About Money - https://youtu.be/ONvg9SbauMg

Fake News, Fake Money - https://archive.org/details/TheInternetOfMoney-Volume2/2-04-FakeNewsFakeMoney.mp3

Blockchain vs. Bullshit: Thoughts on the Future of Money -https://archive.org/details/TheInternetOfMoney-Volume2/2-03-BlockchainVsBullshit_ThoughtsOnTheFutureOfMoney.mp3

Bitcoin and the Banks - Five Stages of Grief - https://youtu.be/43Ucj6_Erb0

How do banks react to Bitcoin? The Five Stages of Grief - https://youtu.be/3mgw5rbgOMY

Why Bitcoin is the poison pill of global finance - https://youtu.be/UOfRIaJICgI

How will the currency war affect companies? - https://youtu.be/c9MIM2vZUZc

ABOUT

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 https://twitter.com/aantonop

Website: https://antonopoulos.com/

He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

Subscribe to the YouTube channel to learn more about Bitcoin & open blockchains! https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ

If you want early-access to talks and a chance to participate in a monthly LIVE Q&A with Andreas, become a patron: https://www.patreon.com/aantonop

Read more:

“Mastering Bitcoin” - https://www.bitcoinbook.info/

“The Internet of Money” - https://theinternetofmoney.info/

Originally published as a YouTube video: https://www.youtube.com/watch?v=jGmtRA9S7_Y&list=PLPQwGV1aLnTu0KFDbHk4AUiiyce0xLX7p&index=18

Keywords/phrases: Satoshi Nakamoto as Prometheus and the purpose of Bitcoin. Why Satoshi's identity doesn't really matter. The value of a permission-less system in building meaningful applications.

ABOUT

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 https://twitter.com/aantonop

Website: https://antonopoulos.com/

He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

Subscribe to the YouTube channel to learn more about Bitcoin & open blockchains! https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ

If you want early-access to talks and a chance to participate in a monthly LIVE Q&A with Andreas, become a patron: https://www.patreon.com/aantonop

Read more:

“Mastering Bitcoin” - https://www.bitcoinbook.info/

“The Internet of Money” - https://theinternetofmoney.info/

Originally published as a YouTube video: https://www.youtube.com/watch?v=D2lZxl53TLY&index=17&list=PLPQwGV1aLnTu0KFDbHk4AUiiyce0xLX7p

How much bitcoin do you have? What percentage of our wealth should be in bitcoins? A percentage that reflects your understanding of how the technology works and your ability to absorb the risk that it entails. However it also depends on what country you're in, because the volatility and risk in bitcoin may be better than your national currency. This is not a recommendation to invest; I have dedicated to career and my passion, I could lose all of it and still have everything else. Invest in education instead of speculation.

Note: Yes, I know - this video is now out of date. The advice about risk tolerance and focusing on education still stands.

This is part of a talk which took place on December 3rd 2016 at the Coinscrum {MiniCon}, hosted by Imperial College in London, England: https://www.meetup.com/coinscrum/events/235709468/?eventId=235709468&chapter_analytics_code=UA-47715334-1

Listen to the full talk here: https://archive.org/details/TheInternetOfMoney-Volume2/2-07-TheCurrencyWarsAndBitcoinsNeutrality.mp3

RELATED:

Investing in education instead of speculation - https://youtu.be/6uXAbJQoZlE

Why I earn bitcoins instead of buying them - https://youtu.be/Ci7TyD8jETY

Initial coin offerings (ICOs) - https://youtu.be/Q5R8KuxV4A0

Where are the exchange-traded funds (ETFs)? - https://youtu.be/m3EFyGb104g

Alternatives to centralised exchanges - https://youtu.be/3jmeJjhH84s

Will Bitcoin save us from a global currency crisis? - https://youtu.be/U3S7vQrNOAI

ABOUT

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 https://twitter.com/aantonop

Website: https://antonopoulos.com/

He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

Subscribe to the YouTube channel to learn more about Bitcoin & open blockchains! https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ

If you want early-access to talks and a chance to participate in a monthly LIVE Q&A with Andreas, become a patron: https://www.patreon.com/aantonop

Read more:

“Mastering Bitcoin” - https://www.bitcoinbook.info/

“The Internet of Money” - https://theinternetofmoney.info/

Originally published as a YouTube video: https://www.youtube.com/watch?v=DJtM9mR7cOU&index=16&list=PLPQwGV1aLnTu0KFDbHk4AUiiyce0xLX7p

This is the second part of the answer to the question: "What are the rules within Bitcoin?" How does robust consensus and decentralized decision-making affect the predictability of the system? How does this compare to certainty and predictability within traditional financial institutions, such as interest rate changes? I can't predict what the U.S. interest rates will be next year, but I can predict what the rate of distribution (block reward) of bitcoin will be in 100 years.

Minutes from Federal Reserve meeting: https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20170614.pdf

Listen to Part 1 here: https://archive.org/details/TheInternetOfMoney-Volume2/2-14-BitcoinQA_TheRulesOfBitcoinPart1.mp3

This is part of a talk which took place on July 7th 2017 at a Bloktex event hosted by the Wisma BeeOn Group in Kuala Lumpur, Malaysia: https://antonopoulos.com/event/the-future-of-money-kuala-lumpur-malaysia/

Watch the full talk here: https://youtu.be/HaJ1hvon0E0

RELATED:

Bitcoin: Where the Laws of Mathematics Prevail - https://youtu.be/HaJ1hvon0E0

Forkology: A Study of Forks for Newbies - https://youtu.be/rpeceXY1QBM

SegWit, scaling, and consensus - https://youtu.be/Jc7mrR6AAto

Fee market, SegWit, and scaling - https://youtu.be/zxt-FLzZPhg

Scaling is a moving target - https://youtu.be/pT9kJq_Ogrk

The scaling rites of passage - https://youtu.be/rZi86_ovB3Y

What is the biggest threat? - https://youtu.be/1-XUbH1F0Os

Is Bitcoin a democracy? - https://youtu.be/TC3Hq76UT5g

Governance trade-offs in decentralised systems - https://youtu.be/dtwaW79Fj7c

Bitcoin & Blockchain in Norway - https://youtu.be/5ODDCx6VL2Y

The end of vampire-squid financing - https://youtu.be/yyXOQG5iNWo

Rules vs. Rulers - https://youtu.be/9EEluhC9SxE

The Currency Wars and Bitcoin's Neutrality - https://archive.org/details/TheInternetOfMoney-Volume2/2-07-TheCurrencyWarsAndBitcoinsNeutrality.mp3

The Killer App: Engineering the Properties of Money - https://youtu.be/MxIrc1rxhyI

ABOUT

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 https://twitter.com/aantonop

Website: https://antonopoulos.com/

He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

Subscribe to the YouTube channel to learn more about Bitcoin & open blockchains! https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ

If you want early-access to talks and a chance to participate in a monthly LIVE Q&A with Andreas, become a patron: https://www.patreon.com/aantonop

Read more:

“Mastering Bitcoin” - https://www.bitcoinbook.info/

“The Internet of Money” - https://theinternetofmoney.info/

Originally published as a YouTube video: https://www.youtube.com/watch?v=vtIp0GP4w1E&index=15&list=PLPQwGV1aLnTu0KFDbHk4AUiiyce0xLX7p

This is the first part of the answer to the question: "What are the rules within Bitcoin?" What makes a transaction "correct" or "incorrect"? What distinguishes the rules for transactions in Bitcoin from the rules for transactions done through traditional financial institutions?

Listen to Part 2 here: https://archive.org/details/TheInternetOfMoney-Volume2/2-15-BitcoinQA_TheRulesOfBitcoinPart2.mp3

This is part of a talk which took place on July 7th 2017 at a Bloktex event hosted by the Wisma BeeOn Group in Kuala Lumpur, Malaysia: https://antonopoulos.com/event/the-future-of-money-kuala-lumpur-malaysia/

Watch the full talk here: https://youtu.be/HaJ1hvon0E0

RELATED:

Bitcoin: Where the Laws of Mathematics Prevail - https://youtu.be/HaJ1hvon0E0

Forkology: A Study of Forks for Newbies - https://youtu.be/rpeceXY1QBM

SegWit, scaling, and consensus - https://youtu.be/Jc7mrR6AAto

Fee market, SegWit, and scaling - https://youtu.be/zxt-FLzZPhg

Scaling is a moving target - https://youtu.be/pT9kJq_Ogrk

The scaling rites of passage - https://youtu.be/rZi86_ovB3Y

What is the biggest threat? - https://youtu.be/1-XUbH1F0Os

Is Bitcoin a democracy? - https://youtu.be/TC3Hq76UT5g

Governance trade-offs in decentralised systems - https://youtu.be/dtwaW79Fj7c

Bitcoin & Blockchain in Norway - https://youtu.be/5ODDCx6VL2Y

The end of vampire-squid financing - https://youtu.be/yyXOQG5iNWo

Rules vs. Rulers - https://youtu.be/9EEluhC9SxE

The Currency Wars and Bitcoin's Neutrality - https://archive.org/details/TheInternetOfMoney-Volume2/2-07-TheCurrencyWarsAndBitcoinsNeutrality.mp3

The Killer App: Engineering the Properties of Money - https://youtu.be/MxIrc1rxhyI

ABOUT

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 https://twitter.com/aantonop

Website: https://antonopoulos.com/

He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

Subscribe to the YouTube channel to learn more about Bitcoin & open blockchains! https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ

If you want early-access to talks and a chance to participate in a monthly LIVE Q&A with Andreas, become a patron: https://www.patreon.com/aantonop

Read more:

“Mastering Bitcoin” - https://www.bitcoinbook.info/

“The Internet of Money” - https://theinternetofmoney.info/

Originally published as a YouTube video: https://www.youtube.com/watch?v=VnQu4uylfOs&list=PLPQwGV1aLnTu0KFDbHk4AUiiyce0xLX7p&index=14

Keywords/phrases: Who determines the value of bitcoins? Everyone, through market forces of supply and demand in international liquid markets that operate around-the-clock. A fundamental difference between bitcoin and the USD/GBP/Euro etc. is that trading never ceases; it has been continuous for 7 years. The volatility can be a roller coaster, yet if you look at the long-term trend, volume and transactions go up while volatility keeps dropping. For Argentinians and Brazilians, the price of bitcoin is not too volatile and you don't need to sell it to them, because they already understand the separation between state and money is a good idea. Volatility is relative.

ABOUT

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 https://twitter.com/aantonop

Website: https://antonopoulos.com/

He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

Subscribe to the YouTube channel to learn more about Bitcoin & open blockchains! https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ

If you want early-access to talks and a chance to participate in a monthly LIVE Q&A with Andreas, become a patron: https://www.patreon.com/aantonop

Read more:

“Mastering Bitcoin” - https://www.bitcoinbook.info/

“The Internet of Money” - https://theinternetofmoney.info/

Originally published as a YouTube video: https://www.youtube.com/watch?v=DucvYCX1CVI&index=13&list=PLPQwGV1aLnTu0KFDbHk4AUiiyce0xLX7p

In this talk, Andreas ponders the concept of "killer apps" within the constraints and capabilities of blockchain ecosystems, and what the essence of Ethereum is. He also examines the recent influx of money sharks and ICO hype, and what happens when we're too excited to resist the siren song of riches and pass an engine test before aiming for the big boom of a moon orbit. A rocket is what happens when you do governance on explosives, and great power requires even greater responsibility.

This talk took place on March 15th 2017 during the Cape Town Ethereum meetup at the Deloitte Greenhouse in Cape Town, South Africa: https://antonopoulos.com/event/cape-town-ethereum-meetup/

RELATED:

The Lion and the Shark: Divergent Evolution in Cryptocurrency - https://archive.org/details/TheInternetOfMoney-Volume2/2-11-TheLionAndTheShark_DivergentEvolutionInCryptocurrency.mp3

The Killer App: Engineering the Properties of Money - https://youtu.be/MxIrc1rxhyI

ICOs and financial regulation - https://youtu.be/Plu_WX3Gs8E

Governance trade-offs in decentralised systems - https://youtu.be/dtwaW79Fj7c

TheDAO - Why failure is a necessity for learning - https://youtu.be/2KZTx8IYc9s

Initial coin offerings (ICOs) - https://youtu.be/Q5R8KuxV4A0

The token ICO explosion - https://youtu.be/vdaW8NtJXuQ

Altcoins and the scaling debate - https://youtu.be/slbpdW-H3yk

The Scaling Rites of Passage - https://youtu.be/rZi86_ovB3Y

ABOUT

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 https://twitter.com/aantonop

Website: https://antonopoulos.com/

He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

Subscribe to the YouTube channel to learn more about Bitcoin & open blockchains! https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ

If you want early-access to talks and a chance to participate in a monthly LIVE Q&A with Andreas, become a patron: https://www.patreon.com/aantonop

Read more:

“Mastering Bitcoin” - https://www.bitcoinbook.info/

“The Internet of Money” - https://theinternetofmoney.info/

Originally published as a YouTube video: https://www.youtube.com/watch?v=OWI5-AVndgk&list=PLPQwGV1aLnTu0KFDbHk4AUiiyce0xLX7p&index=12