In this talk, Andreas points to the killer apps in the open blockchain ecosystem: sound money and governance. He also addresses arguments by finance tycoons that they “don’t need cryptocurrencies” as fundamentally elitist, failing to consider the broader needs of the other six billion (or even their butlers).

This talk was delivered for the Coinscrum meetup on June 13th 2019 at Monzo Bank HQ in London:

33:15 – Will transaction fees ever be $100, as price increases?
39:09 – Does proof-of-work pollute the planet?
41:48 – Are you concerned about Facebook’s GlobalCoin?
48:58 – Are SegWit and Lightning the best scaling solution?
53:42 – Will the U.S. or U.K. ban Bitcoin? What will happen?
57:23 – To what extent do we have a right to financial privacy?

If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron:

The Five Pillars of Open Blockchains –
Why Open Blockchains Matter –
Blockchain versus Bullshit –
Measuring Success: Price or Principle –
Bitcoin’s Origins and the Genesis Blockade –
Security versus Complexity –
Decentralised Globalisation –
Investing in Education instead of Speculation –
Beyond Price: Bitcoin’s Impact on the Future –
Decentralized Globalisation –
Black Markets, White Markets: A False Narrative –
Escaping the Global Banking Cartel –
Money as a System-of-Control –

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

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.

Subscribe to the channel to learn more about Bitcoin & open blockchains; click on the red bell to enable notifications about new videos!


Translations of MASTERING BITCOIN:



Translations of THE INTERNET OF MONEY:
Spanish, ‘Internet del Dinero’ (v1) –
French, ‘L’internet de l’argent’ (v1) –
Russian, ‘Интернет денег’ (v1) –
Vietnamese, ‘Internet Của Tiền Tệ’ (v1) –


Music: “Unbounded” by Orfan (
Outro Graphics: Phneep (
Outro Art: Rock Barcellos (


30 replies
  1. PSA Central Coast
    PSA Central Coast says:

    Love how you open with the fact that cash is becoming irrelevant. Digital safety is decentralised, you opened my eyes to that. So many Crypto Coins but the bitcoin blockchain is a real structure that can’t be hacked…..true DLT, true open shared immutable transactions. “ All the people dropping “ I love you Andrea’s ! “ and they don’t know shit. Bitcoin is the strongest most sound way to monetise the world that all will come and go but Bitcoin will unify all!

  2. Refuz Tosay
    Refuz Tosay says:

    He likes Carbon taxes — what an idiot. CO2 is plant food you fool. It makes the planet greener. In fact thanks to burning fossil fuels we are repatriating stored CO2 in the oceans and land back into the atmosphere where it can do its job of growing the plant life.

  3. rareshdesign
    rareshdesign says:

    I do like Andreas and what he's doing but he might be wrong pretty soon on the point that there is not a 'crypto project' that can solve all of money/smart contracts/nation wide scalability…. issues. And i'm not talking DPOS, DAGS projects here. We're a bit stuck in the blockchain paradigm. The money problems can be solved with something else other than blockchain. He will find out in the coming months that 🙂

  4. Rom HtK
    Rom HtK says:

    Another excellent talk.
    Thx Andrea.
    I'm searching how to participate to the Bitcoin consensus, why not learn code, but first I will run a node.
    From France 😘

  5. Rocco Reid
    Rocco Reid says:

    I would dare say that a maximalist environment would be much like that of the bankers. And based on many of the maximalists I've watched, they sound an awful lot like traditional totalitarians who talk out one side of their mouths about free market principles, while talking out the other about how Bitcoin should stand alone with no competition. Having only Bitcoin would make Bitcoin the one and only lightning rod, and being that lightning rod, it would increase the odds of governments or otherwise finding a way to attack the one and only target where they could apply a laser focus. We should also consider that if no other currency existed other than Bitcoin, we could be hugely exposing ourselves to catastrophe. I do believe that Bitcoin is amazing. I also know that we don't necessarily know everything that can and can't happen down the road. And if for some reason something happened that somehow managed to permanently destroy Bitcoin overnight, what are we left with? Abso-freakin-lutely nothing. An entire world currency gone in an instant. We are always better off with multiple currencies. We must have them for safe havens and be able to move our wealth in and out of them whenever we want in order to preserve and protect that wealth. Over time, Bitcoin may or may not still be king. We can't know the outcome, just as all the self-appointed Nostradamus' today didn't even see Bitcoin coming in the first place, and now speak of the future as if there can be no other innovative explosions. Bitcoin was a serious disruptor that paved the way for all other coins, creating one massive crypto space. And within that space there will be disruptors amongst the disruptors. Anyone speaking negatively about all alt projects is narrow-minded and uninspired. They see things in terms of this space being fully matured and final, and don't seem to be able to recognize that this is all just one big experiment, and being an experiment, how dare anyone come down on anyone within that experiment. Even the scams are part of the experiment. Anyone who thinks these scam coins are not an important part of this experiment is fooling themselves. Tell me that we have not learned a lot of very valuable lessons from scam coin projects, and that developers don't take certain things into account based on what they know about scam coins. At some point in the future I believe we'll be able to look back and see how important scam coins were. Granted, anyone running a scam should go to jail, but that doesn't stop what they've done from being important to progress. And a question that should be placed to all maximalists is, "If Bitcoin did not exist would that mean you would have never entered this space, or would you have simply supported whichever other project was in Bitcoin's place?" Obviously (whether they admit it or not), they would support the leading coin, and in that alternative universe they would talk the same crap about all the other coins that were not the leading coin. And what exactly dictates in their mind what makes Bitcoin the best? Price? Is that it? What else can it be? If it was the exact same coin, but was number 73 on coin market cap, these maximalists wouldn't have anything to do with it. And if that's the case, can we trust the opinions of those who's only indicator seems to be "Lead Coin Got Big Price?"

  6. Rocco Reid
    Rocco Reid says:

    If the foundation that impacts everyone is focused on, their profitability layer will be way larger than their greed will generate otherwise. Funny how doing the right things for the right reason just so happen to have abundance built in for everyone.


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