By CCN Markets: Bitcoin educator and promotor Andreas M. Antonopoulos published a new video today in which he pointed out that Facebook’s Libra project doesn’t amount to a “real” blockchain. Is Facebook's Libra a real blockchain? No. Will it compete against #Bitcoin and truly open, public blockchains? Never. #LibreNotLibrahttps://t.co/MQkpPUuedE — Andreas M. Antonopoulos (@aantonop) June 18, 2019 The professional speaker has spoken at length in the past about the oppressive nature of KYC and “blacklisting” bitcoins. Facebook’s Coin Is Just Another Token Fungibility is an issue at the heart of cryptocurrency – if some coins are good, but others are
In today’s roundup of crypto chatter, Andreas Antonopoulos explains rolling checkpoints and how consensus is achieved between miners, developers, exchanges, merchants, and wallets. Chris DeRose believes new Bitcoin pundits are toxic compared to the old ones. Also, Tone Vays defends Jimmy Song’s position on using credit cards over bitcoin.
Self-declared creator of bitcoin, Craig Wright, has taken to Twitter to brand bitcoin advocate Andreas Antonopoulos, a ‘shitcoin expert’. Escalating the attacks further, Wright dismissed Antonopoulos’ wealth of knowledge on bitcoin saying that the only correct thing the host of “Let’s Talk Bitcoin” podcast knows is how to ‘spell Bitcoin’. In Craig Wright’s view, Antonopoulos
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Criticism is the overarching theme of today’s crypto chatter roundup. Andreas Antonopoulos vehemently opposes mandatory KYC to access banking services. Also, Preethi Kasireddy calls for cryptocurrency users to rethink decentralization.
The Role of Documentation in Banking
Mastering Bitcoin author Andreas Antonopoulos recently released a video that criticized the need for documentation to access banking services.
Antonopoulos explains that requiring documentation for banking is a historically recent phenomenon that is based on two assumptions. First, people with identification are “assumed” to be good and thus allowed access to banking services. Also, documentation is required because it allows governments to track and punish those who commit crime.
Over the past month, many reports about the materialization of a potential “death spiral” on the Bitcoin network were released, leading investors to be concerned about the short-term trend of the dominant cryptocurrency. According to a security expert and cryptocurrency researcher Andreas Antonopoulos, a death spiral is unlikely to happen in Bitcoin. What is a
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As Bitcoin approaches its 10th anniversary, its community, old and new, has begun taking stock of how a decade has come to alter or define the cryptocurrency — and what Bitcoin has done to alter or define the decade.
Ten years has invited room for undeniable change. Bitcoin has seen roughly half a dozen market cycles, spawned a secondary market of more than 2,000 altcoins and laid the foundations for a surging blockchain industry. It has evolved from the obscure interest of cypherpunks and crypto anarchists to a viable, private currency that has provided a financial lifeline to underbanked, underprivileged populations in floundering economies.
According to @cnLedger, who follows Chinese cryptocurrency news, Andreas Antonopoulous’ book, Mastering Bitcoin, was recently recommended on Chinese television as a way to get introduced to cryptocurrency and the blockchain. .@aantonop 's "Mastering Bitcoin" was recommended on China's official TV channel today to national wide audience. However, the book title in the Chinese version was
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Andreas Antonopoulos, author of the ‘Mastering Bitcoin’ cryptocurrency guides, has reacted positively after Chinese state television showcased his book – albeit with a completely different title.
As Twitter-based cryptocurrency news resource cnLedger reported October 25, QQ had showcased an edition of Mastering Bitcoin, a presenter holding a copy with the title printed in both English and Chinese.
While the English title is visibly the same, the Chinese translation fails to make any mention of the word ‘Bitcoin’ at all, cnLedger notes, and instead reads: ‘Blockchain: The Path Towards Digitized Assets.’
Author of the book ‘Mastering Bitcoin’ and noted bitcoin advocate Andreas Antonopoulos believes that a Bitcoin ETF is imminent. However, he insists that the long-term implication of such fund will do more harm than good for the original cryptocurrency. Intermediary Bitcoin ownership Antonopoulos described an exchange traded fund(ETF) as a fund that has a custodian
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Bitcoin advocate Andreas Antonopoulos offered his opinion on Bitcoin ETFs in a rather foreboding video released on August 14. He first explained the concept of an ETF or exchange-traded fund as a fund that has a custodian or manager that creates a special financial instrument that is similar to a stock. In the case of Bitcoin
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Exchange-traded funds (ETFs) “fundamentally undermine the underlying principle of peer-to-peer money,” Andreas Antonopoulos claimed, adopting a critical stance on the financial instrument.
‘Not Your Keys – Not Your Bitcoin’
As part of his monthly Q&A session with the cryptocurrency community in July, Antonopoulos, who uses the online sessions to address various key aspects of cryptocurrency as suggested by viewers, made clear he was not in favor of an ETF coming to Bitcoin.
“Your keys – your Bitcoin; not your keys – not your Bitcoin,” he summarized about privacy and control compromises ETFs would mean for investors.
Andreas Antonopoulos took on the challenge of explaining Bitcoin to your mother in a recent Q&A session that went public July 19.
‘Just Like Email’
The celebrated cryptocurrency educator and lecturer took pause for thought before beginning the deceptively simple task of summing up Bitcoin and altcoins in ‘normal person’ language.
His response came following a viewer request for a video which would “exist for her mom and everyone like her who wants to understand the basics.”
“Bitcoin and cryptocurrencies are a form of money invented recently and introduced on the internet,” Antonopoulos began.
In his latest Q&A on March 24th, 2018, Bitcoin evangelist, educator, and influencer Andreas Antonopoulos explains what the cryptocurrency industry needs next and his expectations for Bitcoin development.
4 Basic Things Bitcoin Must Have
Antonopoulos begins the Q&A by noting, partly in jest, that the industry does not need “some kind of artificially intelligent, neural network based, 3D printing, drone-based Mars expedition.”
Instead, he states:
The truth is that the most important projects at this stage are really basic, basic infrastructure projects.
According to Antonopoulos, the four key things that the Bitcoin industry does need are more exchanges, continued wallet development, usable ATMs, and education systems.
Is Lighting Network the second coming for Bitcoin or the coming of centralization? Andreas Antonopoulos states his case for the former in his latest video.
A lot of misconceptions have arisen about the Lightning Network and the effect it will have upon Bitcoin. Look around the internet, and you’ll find videos such as this offering information on the Lightning Network that may not be accurate. To that end, Andreas Antonopoulos has created a video to detail the many things critics are getting wrong, which we have listed below.
“Lightning Network will centralize bitcoin, concentrating power with a few big players.”
Andreas Antonopoulos has said he doesn’t expect regulated exchanges such as Coinbase to run the Lightning Network as it gains mainstream acceptance.
‘Their KYC Fell Apart’
In comments on the first episode of Let’s Talk Bitcoin! in 2018, the educator said AML/KYC obligations exchanges face are incompatible with the nature of Lightning, which recently launched a limited yet rapidly-growing mainnet implementation.
The upgrade to the Bitcoin network promises vastly reduced transaction times and fees, yet its tentative 230-node launch is still experimental, with various parties warning users not to use it until suitable advances have been made or face losing money.