In this podcast episode common misconceptions and FUD about Bitcoin like high volatility, energy consumption, inequalities in the distribution of wealth and the risk of possible failure are addressed by Andreas M. Antonopoulos. Andreas is one of the most influential and well-respected voices in the Bitcoin and Blockchain space. With four books, over 300 videos on YouTube and almost half a million followers on Twitter he is educating millions about this groundbreaking technology. I was lucky to get him for a second interview after this about privacy, human rights and the future of Bitcoin in 2018. In this episode we discuss:his pirate radio experiencedevelopments in Bitcoin between 2018-2019communities that use Bitcoin moststore of value, medium of exchange and uncensorabilitycensorship of ideas and loud voices in the marketplacethe resistance against Bitcoin in the first ten yearshard forks have relieved pressure over the argumentsreal magic and uniqueness of Bitcoinenergy consumption of Bitcoininequal distribution of Bitcoinhigh volatility of Bitcoina niche Bitcoinrisk of failure for Bitcoin&#8220;Most of the emphasis has so far been on scaling and I think that more important emphasis needs to be placed on privacy and fungibility on the base layer.&#8221; &#8211; Andreas M. Antonopoulos&#8220;When Bitcoin succeeded in the first ten years it did so in the face of incredible censorship, incredible disbelief, incredible cyncism and yet the power of the technology itself proved it’s worth no matter what people said.&#8221; &#8211; Andreas M. Antonopoulos&#8220;Blockchain is one component, in fact its not even the most interesting component of Bitcoin.&#8221; &#8211; Andreas M. Antonopoulos&#8220;Bitcoin merged as synthesis, all of its parts existed before. Original was the particular synthesis of all of this parts into this receipe that created Bitcoin.&#8221; &#8211; Andreas M. Antonopoulos&#8220;Ultimately Bitcoin is a game-theoretical security system. The magic is the decentralization of consensus.&#8221; &#8211; Andreas M. Antonopoulos&#8220;Bitcoin stimulates the development of alternative energy in a way that no other system does.&#8221; &#8211; Andreas M. Antonopoulos&#8220;Our current system of money finances war on a massive scale and that is the most environmentally destructive human activity we have. Inflation is a hidden tax and it’s very destructive.&#8221; &#8211; Andreas M. Antonopoulos&#8220;I don’t want to give people the idea that this should be treated as an investment. Can you participate in this economy and make it part of your life, can you learn from the education. Do something sensible with it.&#8221; &#8211; Andreas M. Antonopoulos&#8220;A niche Bitcoin isn’t failure. More dangerous is the possibility of creating a niche culture and that culture being radical or toxic towards the rest of mainstream.&#8221; &#8211; Andreas M. AntonopoulosSponsors Order a Card Wallet here and get 20% off! (time-limited)Support the podcastShare the podcast with friends and family! Subscribe to my newsletterSubscribe to the podcast on Apple Podcast | Spotify | Google Podcast | YouTube | Pocket Casts | Castbox | Stitcher | TuneIn | RSS Feed Give a 5 stars recommendation on Apple Podcast Follow me on Twitter | YouTube | LinkedInDonations Do you like what you hear? If yes, then please support my podcast. Every donation is used to produce episodes, finance travel costs and make the show better.Every donor, will be invited to my exclusive Telegram group with personal background stories and updates. Send me a short message with your Telegram ID after donating and I will add you. Donate with PayPal Donate with BTC Donate with Lightning Der Beitrag Andreas M. Antonopoulos Busting Arguments Against Bitcoin and Revealing Real Risks erschien zuerst auf The Anita Posch Show.Subscribe to my weekly newsletter to (L)earn Bitcoin - it’s free: https://anita.link/weekly

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related