Bitcoin Q&A: Price and Hashpower Metrics
Channel: aantonop
Date: 2019-10-16

What is the significance of key metrics like price in the course material? Are price and hashpower correlated? Bitcoin's hashrate seemed to drop by +30% recently. Why? Is the exchange rate between fiat and bitcoin always determined by supply and demand?

CORRECTION: At 5:25 I said that Laszlo Hanyecz paid ten thousand bitcoin for Dominos pizza in 2010. It was actually Papa John's pizza.

Chapters
0:00 What is the significance of key metrics like price in the course material? 
1:36 Are price and hashpower correlated? Bitcoin's hashrate seemed to drop by +30% recently. Why?
3:08 Is the exchange rate between fiat and bitcoin always determined by supply and demand?

These questions are from the second, third, and fourth sessions of MOOC 12, which took place on September 19th, September 27th, and October 4th 2019, respectively.

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Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in Bitcoin. He is the author of “Mastering Bitcoin,” “The Internet of Money" series, and "Mastering Ethereum."

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MASTERING BITCOIN, 2nd Edition: https://amzn.to/2xcdsY9

Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/

THE INTERNET OF MONEY, v1: https://amzn.to/2ykmXFs
THE INTERNET OF MONEY, v2: https://amzn.to/2IIG5BJ

Translations of THE INTERNET OF MONEY:
Spanish, 'Internet del Dinero' (v1) - https://amzn.to/2yoaTTq
German, 'Das Internet des Geldes' (v1) - https://amzn.to/2LEiyqO
German, 'Das Internet des Geldes' (v2) - https://amzn.to/2VCzse5
French, 'L'internet de l'argent' (v1) - https://www.amazon.fr/Linternet-largent-Andreas-M-Antonopoulos/dp/2856083390
Russian, 'Интернет денег' (v1) - https://www.olbuss.ru/catalog/ekonomika-i-biznes/korporativnye-finansy-bankovskoe-delo/internet-deneg
Vietnamese, 'Internet Của Tiền Tệ' (v1) - https://alphabooks.vn/khi-tien-len-mang

MASTERING ETHEREUM: https://amzn.to/2xdxmlK

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