Bitcoin Q&A: Separation of money and state [TIOM2-18]

Bitcoin Q&A: Separation of money and state [TIOM2-18]

Author: Andreas M. Antonopoulos December 21, 2017 Duration: 4:12
The Internet of Money
BusinessInvesting
Will criminal elements leverage cryptocurrencies? Criminal organizations as early adopters of technology, operating at the nexus of highest risk and highest reward. Money, by definition, is something you can use to buy anything. The more restrictions it comes with, the more it loses the fundamental principle of medium of exchange. I bet it's a lot easier to buy drugs with the New Zealand dollar than it is with bitcoin. Criminals will use money, but what we need to understand is that the tool is not the crime and has never been the crime. 99% of humanity is going to use money and other tools to feed our children, give them healthcare, education, and a better future. I'm not concerned with solving crime through attempting to control money. The organization you give the absolute power over money to, will become the criminal and punish not other criminals but their political opponents. We need to start thinking about separation of money and state, and understand that it just as important as the separation of church and state.

This is part of a talk which took place on May 8th 2017 at The Blockchain.NZ Conference in Auckland, New Zealand: https://antonopoulos.com/event/the-blockchain-new-zealand-conference/

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ABOUT
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.

Subscribe to the YouTube channel to learn more about Bitcoin & open blockchains! https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ

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

Read more:
“Mastering Bitcoin” - https://www.bitcoinbook.info/
“The Internet of Money” - https://theinternetofmoney.info/

Originally published as a YouTube video: https://www.youtube.com/watch?v=jGmtRA9S7_Y&list=PLPQwGV1aLnTu0KFDbHk4AUiiyce0xLX7p&index=18

Andreas M. Antonopoulos presents The Internet of Money, a podcast that captures a series of his essential talks from 2015 to 2017. This isn't a typical business or investing show with market predictions; instead, it's a foundational exploration of why Bitcoin and blockchain technology matter on a societal level. Antonopoulos, known for his ability to translate complex concepts into clear narratives, delves into the philosophy of decentralized systems, examining how they reshape trust, power, and identity. Each episode is a standalone lecture, preserving the energy and depth of his live presentations. You'll hear him discuss the profound implications of a global, open financial network, moving far beyond price speculation to consider the human impact of this technological shift. The conversations within this podcast frame cryptocurrency not merely as an asset class but as a fundamental innovation with the potential to redefine how we interact and exchange value. Listening offers a chance to engage with the core ideas during a pivotal period in the technology's development, providing crucial context that remains relevant for anyone seeking a deeper understanding. The archive of talks serves as both a historical record and a source of enduring insight, making this collection a valuable resource for newcomers and seasoned observers alike who want to grasp the underlying principles of the internet of money.
Author: Language: English Episodes: 32

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The Internet of Money
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