"Blockchain" or Bitcoin: Understanding the Differences [UPN58aEkL1z]

"Blockchain" or Bitcoin: Understanding the Differences [UPN58aEkL1z]

| 1h 28m 28s | Video has closed captioning.

In this talk, Andreas explores the rise of the term "blockchain" as a counterweight to bitcoin. The term blockchain does not provide a definition, as it has been diluted to be meaningless. Saying "blockchain" simply invites questions, such as "what is the consensus algorithm". Meanwhile, bitcoin continues to offer an alternative to the traditional financial system. Andreas looks at the value of private ledgers, which he sees as having a small impact on finance, versus open, global and accessible payment and currency systems such as bitcoin which he sees as fostering a global revolution in finance and access to financial tools. Chapters 0:00 Introduction 3:57 What is bitcoin? 8:01 Disruptive technology 9:36 The internet 12:18 The open blockchain 13:40 Best is not what wins 16:16 Will it be bitcoin or will it be something else? 20:19 What are we going to do with blockchain and what's gonna happen to the banks? 21:50 Limitations of technology 22:55 Immutability 24:52 Censorship resistance and coercion resistance 26:19 Why would you use such a thing for a settlement system? 29:17 Decentralization 30:19 4 billion people are underbanked and with an open blockchain, we can change that 32:21 Who do you think is Satoshi Nakamoto? 35:14 Will the success of blockchain be define by a push factor from the market or a pull factor from the audience, as is happening now? Want to hear more about Bitcoin and open blockchains? Follow on Twitter: @aantonop Visit my website: Read more: “Mastering Bitcoin” - “The Internet of Money” - via OpenBazaar: ob://efece349f9830a6d6167c3bbc6ed3ce855277a8f (Join the aantonop Channel: #bitcoin chart halving #crypto heatmaps #drohmails bitcoin #prognosen bitcoin #ki crypto trading