Governance and the market share of Bitcoin. It drops in a cyclical way when people become temporarily disillusioned and overwhelm other altcoins with exuberant attention they weren’t really prepared for. When the spotlight shifts onto you, that’s when you can’t stumble. The adversarial attitude between cryptocurrencies. They all benefit from specialising to niches of trade-offs and design decisions in the ecosystem. Even failed experiments help evolution and teach us something. Being resistant to change is a differential feature, because it makes it robust against takeover. Even Bitcoin’s own developers and miners can’t force change from the inside. Bitcoin was designed to say ‘unless everyone agrees, we’re not changing a thing.’ Political propaganda, economic, electrical, network-based attacks are always coming when it becomes this important to the world. “Unstoppable code” is for something that someone is trying to stop. “The only things worth printing are what somebody is trying to suppress; everything else is advertising / public relations.” Silk Road, black market. PR disaster to Enterprise Ethereum Alliance, who will start saying “the technology behind Ethereum: smart contracts!” just as they did with Bitcoin. Trial by fire. Bitcoin is surviving because it can’t be changed, because it is the unstoppable code.
This is part of a talk which took place at the Silicon Valley Bitcoin meetup on April 11th 2017 at the Plug and Play Tech Center (@PlugandPlayTC) in Sunnyvale, California: https://www.meetup.com/Silicon-Valley-Bitcoin-Users/events/233760417/
Watch the full talk here: https://youtu.be/i_wOEL6dprg
RELATED:
Programmable Money, Smart Contracts and DAOs – https://youtu.be/_0jxX84mzts
The Lion and the Shark: Divergent Evolution in Cryptocurrency – https://youtu.be/d0x6CtD8iq4
Ethereum, ICOs, and Rocket Science – https://youtu.be/OWI5-AVndgk
The token ICO explosion – https://youtu.be/vdaW8NtJXuQ
ICOs and financial regulation – https://youtu.be/Plu_WX3Gs8E
The Killer App: Engineering the Properties of Money – https://youtu.be/MxIrc1rxhyI
Hardware, Software, Trustware – https://youtu.be/Etyjc1JdmFU
Can cryptocurrencies support terrorism? – https://youtu.be/Ryz-pXbsojU
Governance trade-offs in decentralised systems – https://youtu.be/dtwaW79Fj7c
Is Bitcoin development centralised? – https://youtu.be/7hm4Ro4wdTk
TheDAO – Why failure is a necessity for learning – https://youtu.be/2KZTx8IYc9s
LTB: TheDAO, TheFork, TheFallout – https://youtu.be/Swdb-Z_4JmI
The dangers of hard forks in protocol evolution – https://youtu.be/vxEHRvhJKvA
Are chain splits a governance failure? – https://youtu.be/2pJEEVEmEVw
What is the biggest threat? – https://youtu.be/1-XUbH1F0Os
Initial coin offerings (ICOs) – https://youtu.be/Q5R8KuxV4A0
Cultural differences between Bitcoin & Ethereum – https://youtu.be/3UNC1AKc3Qk
Hard forks & the cultural mulligan – https://youtu.be/KT-7APasANI
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/)
source
Discussion about this post