Bitcoin Security: Bubble Boy and the Sewer Rat
Channel: aantonop
Date: 2015-11-10

A whimsical security analysis of the open, public and decentralized bitcoin system, compared to the closed, proprietary and centralized alternatives.

This talk is featured in The Internet of Money volume 2, which can be purchased in multiple languages in paperback, ebook, or audiobook: https://aantonop.io/tiomv2ebooks/

Chapters
0:00 Introduction
0:31 Parenting
3:12 Bubble boy
6:34 What did the banks do with their first attempt to join the internet?
9:20 Inside the bubble
10:36 Outside the bubble
12:24 Bitcoin is a swarm of sewer rats
14:46 Bubble boy blockchains
15:12 A decentralize consensus system that survives
15:46 Banks are already on the stage of bargaining
18:06 Panopticons
20:45 Building resilient systems is about exposing them to continuous attack
24:14 Q&A starts
24:29 What prevents the banks from taking open source grown copy of the bitcoin code and launching it inside?
30:08 Is Bitcoin an army of sewer rats or only just a single sewer rat?
32:10 Question of competence. IOS is more secure than android and that kind of breaks down your analogy
34:42 Question about control
37:36 What happens when much more economic incentive via short markets appears for somebody who might have an attack to actually use it?
43:26 How does the sewer rats get power?
47:23 Alan Turing on Enigma demonstrated that no form of cryptography can eventually be broken all through history, there was always something that nobody imagined that would crack it. Do you believe that to be true?

This talk was delivered on October 16th 2015 at Draper University in San Mateo, California: https://antonopoulos.com/event/devcore-workshop/

RELATED:
Bitcoin Security: Bubble Boy and the Sewer Rat - https://youtu.be/810aKcfM__Q
The Courage to Innovate Without Permission - https://youtu.be/ywq6NBETUJ8
Open Blockchains for Cashless Developed Economies - https://youtu.be/eo-0BgrKxiI
Blockchain vs. Bullshit: Thoughts on the Future of Money - https://youtu.be/SMEOKDVXlUo
Money as a System-of-Control - https://youtu.be/FyK4P7ZdOK8
The Digital Currency Commons - https://youtu.be/nYBKWrqR4I8
Decentralization and the Architecture of Trust - https://youtu.be/wSRN8PUhHX0

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WHO IS ANDREAS?
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Andreas M. Antonopoulos is a technologist whose mission it is to educate as many people as possible, in as many languages as possible, about the social, political, and technological implications of #bitcoin & open blockchains. He's a computer scientist and educator who has been working tirelessly in bitcoin and open blockchains since 2013. He is known for delivering electric talks that combine economics, psychology, technology, and game theory with current events, personal anecdote, and historical precedent effortlessly transliterating the complex issues of blockchain technology out of the abstract and into the real world.

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