A False Narrative: White Markets, Black Markets
Channel: aantonop
Date: 2018-12-22

In this talk, Andreas picks apart the false dichotomy of 'rainbow' market types (white, grey, black, red, blue), the underlying moral assumptions in these classifications, and why Bitcoin's colorblindness matters in a world where state 'justice as a service' (JaaS) is not only jurisdictionally relative and contradictory on a global scale, but often faulty and destructive within its own borders.

CLARIFICATION: At 6:50, I said that it was illegal to use bitcoin in to escape Venezuela's currency collapse. This is somewhat incorrect. There is still no law in Venezuela that is explicitly in favor or against the use of bitcoin itself; Bitcoin's status in Venezuela would be more accurately described as a grey market. Authorities have justified arrests based on accusations of "committing cyber fraud and power theft," or "money laundering" and "financing terrorism." Bitcoin miners are often subject to extortion by local police. Another charge has been "bypassing currency controls," which is what I meant to address in that statement.

Chapters
0:00 Introduction
1:27 Bitcoin and black markets
2:27 Difference between black markets and white markets
7:32 Natural state of markets
8:44 What is the trajectory of every white market?
11:04 Justice as a service
19:00 "Legal" and "illegal" are geography bound terms
20:24 Blockchains serve justice
21:21 Q&A Starts: How would you be able to enforce justice as a service from a blockchain service if there's a monopoly enforced?
24:27 Black markets and banks
26:45 Start-ups and blockchains

This is my first time using YouTube's new Premiere feature, so please let me know if you enjoyed it and I will consider doing more of these releases in the future.

Thanks to the quick work of some helpful translators, the talk will premiere with subtitles in French, German, Italian, and Spanish!

For more info on the premiere: https://www.patreon.com/posts/join-us-for-live-23430123

This talk was delivered at the Latin American Bitcoin and Blockchain Conference (laBITconf) at Centro Cultural CorpArtes in Santiago, Chile on December 5th, 2018: https://www.labitconf.com/

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.

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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
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
Join the aantonop Channel: https://aantonop.io/joinaantonopyt