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.’

(Visited 50 times, 1 visits today)

You might be interested in

LEAVE YOUR COMMENT

Your email address will not be published.

eos
EOS (EOS) 1,26 5,44%
aave
Aave (AAVE) 79,49 0,69%
the-graph
The Graph (GRT) 0,102925 0,59%
kusama
Kusama (KSM) 44,59 2,79%
waves
Waves (WAVES) 4,00 0,75%
dash
Dash (DASH) 43,66 1,03%
bitcoin
Bitcoin (BTC) 20.243,25 0,58%
ethereum
Ethereum (ETH) 1.391,53 0,16%
cardano
Cardano (ADA) 0,452892 0,79%
tether
Tether (USDT) 1,04 0,15%
xrp
XRP (XRP) 0,456151 0,24%
solana
Solana (SOL) 35,29 0,89%
polkadot
Polkadot (DOT) 6,65 0,59%
usd-coin
USD Coin (USDC) 1,04 0,14%
dogecoin
Dogecoin (DOGE) 0,062592 1,03%
uniswap
Uniswap (UNI) 6,63 0,89%
terra-luna
Terra Luna Classic (LUNC) 0,000290 1,05%
litecoin
Litecoin (LTC) 55,92 0,37%
chainlink
Chainlink (LINK) 8,16 0,89%
bitcoin-cash
Bitcoin Cash (BCH) 121,12 1,79%
algorand
Algorand (ALGO) 0,358362 0,89%
matic-network
Polygon (MATIC) 0,788516 1,37%
stellar
Stellar (XLM) 0,113161 0,70%
cosmos
Cosmos Hub (ATOM) 13,15 2,89%
filecoin
Filecoin (FIL) 5,97 2,56%
tron
TRON (TRX) 0,062575 1,03%
ethereum-classic
Ethereum Classic (ETC) 28,74 0,04%
dai
Dai (DAI) 1,04 0,16%
tezos
Tezos (XTZ) 1,49 0,66%
monero
Monero (XMR) 154,27 0,93%