I can see myself doing much the same as I do today. I will continue to do public speaking about bitcoin. I enjoy explaining bitcoin to people and I think it is the best way I can contribute to this community. In 5 years I might be publishing the 3rd or 4th edition of "Mastering Bitcoin".What do you expect to be doing in Bitcoin 5 years from now? In 2020, will you primarily continue to be the world’s leading Bitcoin public speaker, or do you think your time will be spent in more private sector pursuits, with much less frequent flyer miles? What's your Bitcoin goal?
What do you see as the biggest threat to Bitcoin?
I've seen you come out in support for larger blocks (correct me if I am wrong). What are your current thoughts on the block size debate?
If you were the biggest enemy of bitcoin, how would you try to destroy it and then all its crypto alternatives?The biggest threat to bitcoin is forgetting the core principles of openness, decentralization and privacy. If we abandon those principles, then bitcoin will have to be replaced by another system that supports those principles.What do you see as the biggest threat to Bitcoin?
Private blockchains are good for bitcoin! They enable banks to spend millions of dollars to train developers on this technology. At the same time, private blockchains don't help the banks defuse the competitive disruption of bitcoin. Bitcoin is powerful because it offers open, transnational, borderless, decentralized, permissionless innovation for money. These are all attributes of decentralized Nakamoto consensus through proof-of-work and not attributes of a blockchain per-se. What banks are building are blockchains that are closed, local, insecure and permissioned. Such things may save banks some money on settlement, but they don't satisfy the enormous global demand for money and payment systems that can be used anywhere without geopolitical meddling, without surveillance, without borders and without permission. Only bitcoin does that.I wonder if you would explain a bit on why private blockchains are not good for the bitcoin community as a whole and also I'd like your thoughts on this blockchain alliance and why it's probably not good for the bitcoin community either. I have a good idea of why but I'd like you to elaborate with your strong ability to articulate with detail.
I think it's very important for people to understand this a bit more, thanks.
Bitcoin is not yet easy enough to understand and use. We're still at the very early stages of this technology where the primary users are super-technical. It will take some time for the user interfaces and supporting infrastructure to be easy enough to use. In remittances specifically, you need to have exchange infrastructure with sufficient liquidity on both ends of the transaction. Until people can use bitcoin directly, they have to be able to quickly, easily and inexpensively exchange into their local currency. Most of the remittance destinations don't yet have that infrastructure. Patience... it will take time.Hi Andreas,
Thank you for you work and sharing knwoledge about bitcoin disruptive technology and the transformation of our society and our lives.
May i ask a question about bitcoin, migrants and trust :
why migrants doesnt use bitcoin when travelling or moving across borders ? or why doesnt exist enougth services for thoses relatively "unkanked" and their need of trust or moving values ?
I am not at all concerned about fragmentation of value. The market for digital currencies follows a power-law distribution (also known as a long-tail). Most of the value (90%) will be in 2-3 coins, with the other 10% divided among hundreds or thousands of coins.We already have dozens of altcoins as competing money protocols to choose from, and today, bitcoin's politics could theoretically drive fragmentation of the wealth we see in bitcoin in many directions.
I'm not sure whether market fragmentation would be a good or bad thing, given this early phase of crypto adoption.
Would you mind weighing in?
Is there a magic number of use cases at a given time that should have distinct coins/protocols? What will it look like when consumers go comparison shopping for 'coins' (or is that even realistic)?
Thanks for being excellent at all you do for Bitcoin.
Thank you Andreas for all you have done already for the Bitcoin community.
What do you think will happen with the miners and network security when the block reward will decrease by half next year and the price stays the same? Do you think this will increase the price? What are is price outlook in general?
Build stuff that makes people's lives better. Deliver value and people will see value. It's still too early for anyone other than those interested in the inner working of this system to be concerned or aware of the "potential of the protocol". Only innovators, investors and geeks can see that now. We need to realize this potential with applications for others to see it.Hi Andreas,
How long do you think we shall have to wait for people to see the potential of the 'protocol' outside of currency?
For example in connected cars, vehicle networks, ad-hoc networks of microcontrollers, etc.
These networks are safety critical, evidently vulnerable and I fear 'State' attempts to address these issues with centralised thinking will only make matters worse.
How do we get the message out - about the potential - beyond bitcoin - of this fundamental innovation ?
I was wondering if you had any thoughts on Blythe Masters reinforcing her former boss, Jamie Dimon's bitcoin statements at the very recent Bank of England conference:
Blythe Masters: "I came across a quote from the CEO of my alma mater, with which I totally agree. I have to say I think that pretty much sums it up in a nutshell. I happen to agree with what he's saying."
JPMorgan CEO Jamie Dimon has issued new remarks about bitcoin, dismissing the digital currency's potential to survive in the long-term.
Speaking at the Fortune Global Forum, Dimon said people were wasting their time with digital currencies such as bitcoin.
"This is my personal opinion, there will be no real, non-controlled currency in the world. There is no government that's
going to put up with it for long ... there will be no currency that gets around government controls."
Thanks for your kind words.Andreas, Thank you for being the most amazing public speaker the bitcoin community could ever hope for.
We are certainly much further along today thanks to your oratory skills.
1. With a background in computer science, coding, and data Communications, how did you acquire your world class public speaking skills?
For anyone who doesn't know, here are a few amazing examples:
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