I love this timely classic!
In this talk, Andreas recounts the history of Bitcoin and what it represents, building upon all the stories we've been told over the centuries about what "money" is, how we perceive its value, and why the old answers have changed as we adjust to this new world of digital peer-to-peer currencies. He also discusses global threats to economic stability and trust in the financial system, including including demonetisation and wealth destruction through inflation.
This talk took place at the JW Marriott Sahar (International Airport) on March 26th 2017 in Mumbai, India: https://www.townscript.com/e/bitcoin-...
Chapters:
00:00 In the beginning...
00:41 Digital scarcity
01:34 Peer-to-peer network
01:59 Solving the double-spending problem
04:10 Cash, peer-to-peer without intermediaries
04:34 People paying companies to maybe pay people
05:28 The un-banked and the under-banked
06:08 Bitcoin - digital money as cash
07:16 What is cryptocurrency?
08:42 Independent self-verification
10:24 Why the Internet is special - global free flow of information
12:24 Why Bitcoin is special - global free flow of money
13:34 The bizarre aspects of traditional banking
15:36 Adjusting to this new world
16:48 Governments attempting to control Bitcoin
18:18 "Who's in charge?" - system of trust without hierarchy
20:20 People who see Bitcoin's strengths as flaws
21:19 Multi-signature schemes for consumer protection
23:20 Our misunderstanding of the most ancient technology
26:30 What gives money value? Stories we tell, promises we trust
29:48 The shared hallucination of paper money
31:22 False promises and the myth of "zero-value" currencies
34:02 Gresham's Law in India
35:13 The characteristics of good money & currency
36:49 Difficulties of barter at a large scale
38:13 Ancient tokens of values
39:11 Scarcity vs. inflationary supply, debt & devaluation
41:52 Bitcoin vs. traditional money as a store of value
43:05 "How much is a bitcoin worth?"
43:47 Digital gold
44:21 "Fake money" resolved by the market
45:17 Closing summary & remarks