Bitcoin Q&A: The Switzerland of currencies

Bitcoin Q&A: The Switzerland of currencies





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Can cryptocurrencies have an inflationary monetary policy? How do cryptocurrencies like Bitcoin fit into the global currency wars? Initially there wasn’t enough demand in the economy, but as the reward diminishes over time, bitcoin will have a deflationary monetary policy and simulate a scarce resource like gold. But you can simulate whatever monetary policy you want.

Digital currencies are now part of the currency wars, because they are giving people all over the world a choice to exit the currency wars, one of the most powerful choices you can make. Within the currency, Bitcoin will act as the Switzerland of currencies. Even if governments start making them illegal to use, this does not destroy demand. In practice, cryptocurrency use has gone up after a country has banned it. Governments are failing in their role of delivering the fundamental functions of currency. When there is a dramatic spiral in an economy, the state takes the entire country hostage. People often haven’t thought about money as a language or a technology, constructs that can be created and improved by anyone. So what if you can exit? It changes everything.

The first and second questions are from a talk which took place on July 7th 2017 at a Bloktex event hosted by the Wisma BeeOn Group in Kuala Lumpur, Malaysia: https://antonopoulos.com/event/the-future-of-money-kuala-lumpur-malaysia/

Watch the full talk here: https://youtu.be/HaJ1hvon0E0

The third question is from a talk which took place on December 3rd 2016 at the Coinscrum {MiniCon}, hosted by Imperial College in London, England: https://www.meetup.com/coinscrum/events/235709468/

Watch the full talk here: https://youtu.be/Bu5Mtvy97-4

RELATED:
The 21 million supply cap – https://youtu.be/AABkJ55Zz3A
The Killer App: Engineering the Properties of Money – https://youtu.be/MxIrc1rxhyI
Price volatility, pegging, stability – https://youtu.be/9KPyflyHP6s
Divisibility and deflationary monetary policy – https://youtu.be/xhLgxX_wU6E
Will governments ban cryptocurrencies? – https://youtu.be/LIQkuF_I5Xo
Unstoppable code – https://youtu.be/AQx3E3F8Kz4
Is Bitcoin a democracy? – https://youtu.be/TC3Hq76UT5g
The War on Cash and Crypto – https://youtu.be/BAlRKfvBnvw
The revolution in trust – https://youtu.be/iWfpxB3HZOY
Global financial crisis – https://youtu.be/JU3gNC_ZPKM
Fungibility, privacy, anonymity – https://youtu.be/y3s8c7YDtXU
Solar energy and mining in space – https://youtu.be/cusakcpa8AM

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

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

Subscribe to the channel to learn more about Bitcoin & open blockchains!

If you want early-access to talks and a chance to participate in a monthly LIVE Q&A with Andreas, become a patron: https://www.patreon.com/aantonop

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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