Worse than Useless: Financial Surveillance
Channel: aantonop
Date: 2018-01-06

In this Bitocin talk, Andreas makes a connection between medical pseudoscience and modern financial totalitarian surveillance, as practiced by banks and state intelligence agencies. He explores the hidden externalities and moral hazards inherent in KYC/AML policies, disconnecting whole countries and even continents from the world economy. Why is it common sense that money laundering is the fundamental business of fully-licensed, regulated banks? Who runs the real "dark net"? He urges that before people try to fix things they should first be sure they're not making it worse.

NOTE: At 15:58, I quote Martin Luther King Jr. The full quote is: "Peace is not merely the absence of some negative force — war, tension, confusion, but it is the presence of some positive force —justice, goodwill, the power of the kingdom of God." Context: https://kinginstitute.stanford.edu/king-papers/documents/when-peace-becomes-obnoxious-sermon-delivered-18-march-1956-dexter-avenue

This talk is featured in The Internet of Money volume 3, which can be purchased in multiple languages in paperback, ebook, or audiobook: https://aantonop.io/tiomv3ebooks/

Chapters
0:00 First, do no harm
1:09 Bloodletting
3:21 Why is it important to remember this concept of do no harm?
3:56 Who has access to money and who doesn't
6:32 Money laundering
9:28 Totalitarian financial surveillance
15:12 Peace through justice
16:59 What's the biggest problem with bitcoin?
18:44 Bank secrecy

This talk took place at the Riga Art Space for the Baltic Honeybadger conference on November 25th 2017 in Riga, Latvia: https://antonopoulos.com/event/baltic-honeybadger-2017/

RELATED:
Money as a System-of-Control - https://youtu.be/FyK4P7ZdOK8
The Stories We Tell About Money - https://youtu.be/ONvg9SbauMg
Bitcoin: Privacy, Identity, Surveillance and Money - https://youtu.be/Vcvl5piGlYg
ADISummit: Self-Sovereign Identity Panel - https://youtu.be/DZbyiJqKT8c
My response to Jamie Dimon - https://youtu.be/1dEcdGc0tIo
Aadhaar and blockchain identities - https://youtu.be/GylSvJf53zI
How is fungibility tied to privacy? - https://youtu.be/VuI-8EwqIS8
Fungibility, privacy, anonymity - https://youtu.be/y3s8c7YDtXU
Why KYC is dangerous - Microviolations of Privacy as Payment - https://youtu.be/rwF7nMWUjBs
Could governments take over exchanges? - https://youtu.be/9PrJQeKl9w4

COMMENT below and let us know what you think of the video. Post your follow-up questions there too!

SUBSCRIBE to this YouTube channel and select the bell 🔔 for notifications: https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ?sub_confirmation=1

JOIN  this YouTube channel about Bitcoin and open blockchains to become a YouTube Community Member and access custom emoji and other perks: https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ/join

BECOME a Community Builder: https://patreon.com/aantonop

LEARN from Andreas in one of his popular Workshops which will teach you practical crypto skills. There’s even a FREE Intro to Bitcoin & Open Blockchains to get you started. https://aantonop.io/takeaworkshop 

You can also learn from one of aantonop's many books about bitcoin, ethereum, and open blockchains. Andreas has written three technical books for developers about blockchain technology, Mastering Bitcoin, Mastering Ethereum, and Mastering the Lightning Network published by O’Reilly Media. He’s also written The Internet of Money Series books, which explain why bitcoin, ethereum, and open blockchains matter.

About aantonop: Andreas isn't promoting a company or an organization; he's paid by the community (people who support this work on Patreon and YouTube) and provides an unbiased look at open blockchain technologies, what they can do for our societies, and how to get involved (if you decide you want to). Learn more at https://aantonop.com

From Andreas: You may already know that my mission is to educate as many people as possible about #Bitcoin and open blockchain technologies. Watching these videos and sharing them with others is a big part of that. Thank you for being part of this mission.

***Learn More From Andreas** 
Amazon & Kindle: http://www.amazon.com/-/e/B00MVAG8Z8 
Audible: https://www.audible.com/author/Andreas-M-Antonopoulos/B00MVAG8Z8
E-books & Merch: https://aantonop.io/shop
Patreon: https://patreon.com/aantonop 
Website: https://aantonop.com 
Workshops: https://aantonop.com/workshops

***Connect with Andreas on Socials***
Facebook: https://www.facebook.com/AndreasMAntonopoulos
Instagram: https://www.instagram.com/amantonop/
LinkedIn: https://www.linkedin.com/company/aantonop/
Twitter: https://twitter.com/aantonop 

Thanks for watching, sharing, and subscribing!

Music: "Unbounded" by Orfan (https://www.facebook.com/Orfan/)
Outro Graphics: Phneep (http://www.phneep.com/)
Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)
Join the aantonop Channel: https://aantonop.io/joinaantonopyt

#Bitcoin #BitcoinEducation #Cryptocurrency