Bitcoin, Payment Security, and Consumer Protection

A lecture by Andreas M. Antonopoulos on bitcoin’s security as a payment mechanism, compared to credit cards.

This talk was delivered on November 24th 2014 at the Melbourne Tech Center in Melbourne, Australia.

31:58 – 38:50 The future of bitcoin in the contractual space i.e. smart contracts. Using more complicated scripts (time-locked, multi-signature, multi-party). Internet of Things and smart property. The authentication system in unlocking cars. Transferring ownership.

38:52 – 44:42 Bitcoin the currency, Bitcoin the technology, Bitcoin the network. The technology doesn’t work without a viable “currency.” It takes a certain momentum of adoption. Money is a language we use to express value. Conditions to investing in bitcoin. Investing in skills, education, services.

44:50 – 50:45 Centralised services stripping away privacy. Stop re-centralising our decentralised system! Game theory. Greek mythology, creating stories to describe technology.

50:45 – 56:03 Silk Road and Mt Gox. Technological innovation is always accompanied by negativity. Sensationalism leads. I don’t know any form of money which can’t be used to buy drugs. You can’t get stabbed over TCP/IP. Deal with the root causes (healthcare, addiction), don’t try to stop the free flow of money. Charitable donations and tipping.
+1:03:17 – 1:08:21 To regulators: wait and understand before you act. Custodial control. The Bitcoin network cannot be regulated.

56:07 – 1:03:16 How I discovered Bitcoin, “nerd money.” Every good advocate started as a skeptic. Mainstream adoption. In the Western world, you have to explain the ‘why’ of Bitcoin; in the developing world, you just need to explain the ‘how.’

You might be interested in

LEAVE YOUR COMMENT

Your email address will not be published. Required fields are marked *

eos
EOS (EOS) 0,721625 6,84%
aave
Aave (AAVE) 91,13 1,67%
the-graph
The Graph (GRT) 0,149328 3,61%
kusama
Kusama (KSM) 24,98 3,52%
waves
Waves (WAVES) 2,14 3,78%
dash
Dash (DASH) 30,44 2,91%
bitcoin
Bitcoin (BTC) 40.747,56 0,76%
ethereum
Ethereum (ETH) 2.098,31 0,13%
cardano
Cardano (ADA) 0,418520 7,15%
tether
Tether (USDT) 0,926502 0,04%
xrp
XRP (XRP) 0,601858 5,03%
solana
Solana (SOL) 58,79 0,45%
polkadot
Polkadot (DOT) 5,71 5,35%
usd-coin
USDC (USDC) 0,926020 0,10%
dogecoin
Dogecoin (DOGE) 0,090468 0,77%
uniswap
Uniswap (UNI) 5,71 1,36%
terra-luna
Terra Luna Classic (LUNC) 0,000208 1,87%
litecoin
Litecoin (LTC) 68,84 1,87%
chainlink
Chainlink (LINK) 14,51 0,56%
bitcoin-cash
Bitcoin Cash (BCH) 230,05 1,07%
algorand
Algorand (ALGO) 0,150358 6,14%
matic-network
Polygon (MATIC) 0,776257 3,36%
stellar
Stellar (XLM) 0,117755 4,40%
cosmos
Cosmos Hub (ATOM) 9,22 0,85%
filecoin
Filecoin (FIL) 4,69 7,97%
tron
TRON (TRX) 0,097560 2,45%
ethereum-classic
Ethereum Classic (ETC) 20,44 10,16%
dai
Dai (DAI) 0,926395 0,23%
tezos
Tezos (XTZ) 0,851172 4,71%
monero
Monero (XMR) 161,52 1,50%