The Stories We Tell About Money
Channel: aantonop
Date: 2017-04-30

In this talk, Andreas recounts the history of Bitcoin and what it represents, building upon all the stories we've been told over the centuries about what "money" is, how we perceive its value, and why the old answers have changed as we adjust to this new world of digital peer-to-peer currencies. He also discusses global threats to economic stability and trust in the financial system, including demonetisation and wealth destruction through inflation.

This talk took place at the JW Marriott Sahar (International Airport) on March 26th 2017 in Mumbai, India: https://www.townscript.com/e/bitcoin-talk-by-the-world-famous-andreas-antonopoulos-203132

Chapters:
00:00 In the beginning... 
00:41 Digital scarcity 
01:34 Peer-to-peer network 
01:59 Solving the double-spending problem 
04:10 Cash, peer-to-peer without intermediaries 
04:34 People paying companies to maybe pay people 
05:28 The un-banked and the under-banked 
06:08 Bitcoin - digital money as cash 
07:16 What is cryptocurrency? 
08:42 Independent self-verification 
10:24 Why the Internet is special - global free flow of information 
12:24 Why Bitcoin is special - global free flow of money 
13:34 The bizarre aspects of traditional banking 
15:36 Adjusting to this new world 
16:48 Governments attempting to control Bitcoin 
18:18 "Who's in charge?" - system of trust without hierarchy 
20:20 People who see Bitcoin's strengths as flaws 
21:19 Multi-signature schemes for consumer protection 
23:20 Our misunderstanding of the most ancient technology 
26:30 What gives money value? Stories we tell, promises we trust 
29:48 The shared hallucination of paper money 
31:22 False promises and the myth of "zero-value" currencies 
34:02 Gresham's Law in India 
35:13 The characteristics of good money & currency 
36:49 Difficulties of barter at a large scale 
38:13 Ancient tokens of values 
39:11 Scarcity vs. inflationary supply, debt & devaluation 
41:52 Bitcoin vs. traditional money as a store of value 
43:05 "How much is a bitcoin worth?" 
43:47 Digital gold 
44:21 "Fake money" resolved by the market 
45:17 Closing summary & remarks 

QUESTION & ANSWER:
What happens to our bitcoins during a hard fork? - https://youtu.be/sNR76fWd7-0
What is the role of nodes? - https://youtu.be/fNk7nYxTOyQ
Price premiums and arbitrage - https://youtu.be/B4tsk-ZiHuE
Fee markets, SegWit, and scaling - https://youtu.be/zxt-FLzZPhg
Who is Satoshi Nakamoto? - https://youtu.be/1iEv-gUZNx4
Unlimited vs. Cypherpunks - https://youtu.be/5adgo4-32HU

RELATED:
Aadhaar and blockchain identities - https://youtu.be/GylSvJf53zI
Why KYC is dangerous - Microviolations of Privacy As Payment - https://youtu.be/rwF7nMWUjBs
Privacy, Identity, Surveillance and Money -
 https://youtu.be/Vcvl5piGlYg
Remittances & smuggling in Venezuela - https://youtu.be/RRXecXfWARw

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

Videography: Zebpay Bitcoin India
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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