Ethereum Q&A: Scams, Gambling, and Regulation
Channel: aantonop
Date: 2017-07-11

Will regulation stop scams or bad investments? Regulation pushes things into the background, it doesn't stop it from happening or fix the cognitive biases (confirmation bias, selection bias, survivor bias) that contribute to addictive gambling behaviour and speculation. Gambling is a tax on people who don't understand probability. Checking the price of bitcoin or ether triggers your dopamine center. You shouldn't be looking at these technologies as investments, particularly short-term investments. They're meant to be learned from.

Chapters
0:00 Can we get your thoughts on regulation when it comes to the scams, such as OneCoin?
1:33 Gambling is a tax for people who don't understand the mathematics of probability
2:10 Once you become drawn into the game, the gambling process triggers these responses

This talk took place at The Nordic Creators' Community (@MESHnorway) for Oslo Blockchain Day on April 25th 2017 in Oslo, Norway: https://www.meetup.com/blockchangers/events/230837354/

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

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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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