Bitcoin Q&A: Intrinsic vs. Extrinsic Assets
Channel: aantonop
Date: 2017-12-20

Are blockchains useful for supply chain transparency, disintermediation, and integrity control? To some extent, but there is a big difference between models that use intrinsic, native assets vs. extrinsic assets. The latter is currently very difficult to do in a decentralized way or without reintroducing counter-party risk. You need to think about this problem not only as a technologist but from the perspective of each of the human components involved. Sometimes the more you try to apply technical solutions, the easier it is for that system to be gamed by human ingenuity.

Chapters
0:00 I think the biggest problem in food supply chains is the falsification of input. So are blockchains really the right tool in that scenario?
1:32 Hypothecation
2:05 Counter-party risk is the whole reason why blockchains are interesting
2:58 Some problems do not have technical solutions

This is part of a talk which took place at the Bitcoin Open Blockchain (BOB) community event on October 29th 2017 at the mHUB innovation center in Chicago, Illinois: https://www.meetup.com/Bitcoin-Open-Blockchain-Community-Chicago/events/244248063/

Watch the full talk here: https://youtu.be/XCVaabu3J04

RELATED:
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Proof-of-Work (PoW), Proof-of-Stake (PoS), Delegated Proof-of-Stake (DPoS) - https://youtu.be/3W_3AQrQEOM
Consensus with decentralized oracles and real-world variables - https://youtu.be/8bYmK6sZL00
What is mining? - https://youtu.be/t4p4iMqmxbQ
Solar energy and mining in space - https://youtu.be/cusakcpa8AM
What should not go on a blockchain? - https://youtu.be/shn9otsT-Pw
The 14nm limit, decentralization, and renewable-energy mining - https://youtu.be/gYwc_MCC4us

Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and 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.

THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8

[NEW] THE INTERNET OF MONEY, v2: https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/ref=asap_bc?ie=UTF8

MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042

[NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388

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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/)
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