Bitcoin Q&A: Operating a Business with Cryptocurrency
Channel: aantonop
Date: 2018-08-03

When is the optimal time to "come out" as a bitcoin user? How do you operate a cryptocurrency or multi-currency business? What if the price of bitcoin "falls to zero"? When will bitcoin be ready as a day-to-day currency, rather than as a speculative investment? Why is earning bitcoin, instead of buying, better from an economic and privacy perspective?

Chapters
0:00 What is the optimal time to come out openly as a bitcoin user? How do you arbitrage between talking openly about Bitcoin when transacting thereby drawing attention from the tax administration, regulators, thieves, and jealous people who see you as a millionaire, versus quietly running your bitcoin operations as discreetly as possible?
2:49 If you're travelling the world and only accepting bitcoin for payments, that seems to be a complicated tax situation. If I were to pursue the same path as you, and accept only bitcoin for my services, how would I handle paying taxes?
5:21 I owe $100 USD to Andreas. How much is that in British pound sterling right now, when I'm paying?
9:58 When bitcoin falls to zero, as long as it contains the first principles, you're still happy and it's a complete success?
12:58 How is buying versus earning bitcoin helpful? Why is earning bitcoin, instead of buying it, better?

These questions are from the 'The Internet of Money' tour in Dublin, Ireland, the March and May monthly Patreon Q&A sessions, which took place on March 23rd, March 31st, and May 26th 2018 respectively. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop

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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.

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

Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/

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