Security vs. Complexity
Channel: aantonop
Date: 2018-11-03

In this talk, Andreas reflects on the audacity of "be your own bank," but also the difficulties we will face in translating what that means to people who still have no idea what a bank (let alone the centralised power of the banking cartel) does. We all suffer from the Dunning-Kruger effect, but in security it can be fatal. We need to be better at accurately calculating, conceptualising, prioritising and defending against risks faced by a diverse, global user base. We need to design interfaces that are intuitively secure. Or we will lose the safeguards of decentralisation to "crypto banks" -- same business as usual, but new names on the letterhead. 

Chapters
0:00 Be your own bank
7:30 Security problems of an average user
14:24 Complexity
14:55 Dunning–Kruger effect
16:32 Insecurity and poor risk choices
20:58 User interface complexity
21:44 Custodial institutions
24:46 We're doing this because decentralisation matters
26:37 We have to solve these security problems because for our users, the two choices are both terrible

This talk took place on October 11th 2018 as part of the three-day HoshoCon event at Hard Rock Hotel in Las Vegas, Nevada: https://www.hoshocon.com

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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.

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.

Subscribe to the channel to learn more about Bitcoin & open blockchains; click on the red bell to enable notifications about new videos!

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
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 (Q4): https://amzn.to/2xdxmlK

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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