Outside the Golden Cage of Banking
Channel: aantonop
Date: 2019-09-21

In this talk, Andreas covers the history of financial regulation in the United States, and how banks became the cop of last resort in countries around the world. He questions why  we have come to accept totalitarian surveillance in our financial lives while protesting against other invasions of privacy. Finally, he argues that Bitcoin will thrive outside the golden cage of the banking cartel.

CORRECTION: At 13:19, I credit Edward Snowden with revealing that U.S. intelligence was tapping Chancellor Angela Merkel's phone calls. While those documents obviously contributed to verifying such activity, it was actually Der Spiegel who was primarily responsible for that finding: https://www.spiegel.de/international/world/merkel-calls-obama-over-suspicions-us-tapped-her-mobile-phone-a-929642.html

Chapters
0:00 Bank Secrecy Act
1:33 Banks became cops
8:09 How did the banks get into a situation where they have to deny customers?
11:22 The banks get the ability to get away with criminal activities for which they are never punished
12:37 System of control
14:18 The little people
15:46 The western world is dominated by 6 major banks
18:24 Banking is a cartel
20:11 Bitcoin - cartel buster
22:13 Bank playbook when they face competition
26:30 Fairness
28:59 Outside the golden cage

This talk took place on June 27th 2019 at Technische Universität München for the Bitcoin Munich meetup in Munich, Germany: https://aantonop.com/event/community-event-munich/

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

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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."

Follow on Twitter: @aantonop https://twitter.com/aantonop
Website: https://antonopoulos.com/

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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

Music: "Unbounded" by Orfan (https://twitter.com/grassfedbitcoin)
Outro Graphics: Phneep (http://www.phneep.com/)
Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)
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