I Love him for not sugar coating shit ! I have 7 ethereum coins ...bought in when it was $7.26 ....now it's going up and down like a seesaw.... "it's a gambler" Key word
i was realy skeptial and ignorant of blockchain and thought bitcoin was a bubble bound to collapse. now i finally get what it is and this shits indeed the future.
The person operating the camera should zoom out a little bit next time. It will be easier to watch without the constant panning of the camera to keep up with your prowling of the stage.
Andreas, do you foresee how miners may be rewarded to uphold the security of the BTC blockchain at the end of the total distribution of BTC in 2140? I'll be dead but still curious.
Still learning on this subject and really appreciate the entire "recording of" all and sundry and open source. Who or How is submission of information being recorded legitimized?
With BTC and others,when we trade through public and pvt key which are verified in the block which is linked to other blocks, giving the transaction further security.Any attempt to change or double-make that transaction will be rejected by the inconsistency of its data, checked though many blocks.
what is the difference between most of these POS chains and the private blockchains? Coz most POS chains have few validators so is not such a difference
Quick question! Someone please help me out. The amount of Bitcoin is finite... meaning one day all the coins will be accounted for. How do you maintain security if there's no more reward to give to those who Secure the ledger?
Chris Meadmore I'm a novice still but... transaction fees. Currently they're (mainly - depending on exchange) optional and increase the chance of your transaction being picked up in the next block One day they'll be mandatory but still micro payments because the number of transactions per block will increase exponentially
Even more basic... The value of a Bit coin is not limited to the whole but value is also added fractionally... there are many possibilities between 0-1 coin let alone 21Mil...eventually the value of each fraction appreciates or depreciate depending on demand..
I guess that would relate to - Why Govt's introduce more money in the economy when you have all that you need ?... I think there is no "all that you need" attained...ever ! I might be wrong., Just a personal opinion
But what Im saying is they are rewarded with bitcoin for mining which in turn provides security for the bitcoin blockchain. once all bitcoin has been released what incentive is there for them to keep mining?
Transaction fees is the answer. When you transfer anything through blockchain technology, there is a fee charged and attached to the transaction called fuel or gas. The miners are rewarded for placing your transaction on a block to be sent to the destination. The more gas you pay the faster the transaction. Mining will never go away.
AA, ok don't people to poor loads into bitcoin, but would you agree, for what the technology is, we should be telling folks it would be the dumbest missed opportunity to skip picking up £10/$10 of BTC and save it for their children / grand children... sure it's an investment. It's a micro investment in the potential future of of the world economy... as investments go, there's nothing nearly like it!
It is and so is any platform built on it. The banks would like their proposed ones to allow reversible transactions and that negates its security,, however some clever fellow might be able to tighten up more using a specific smart contract- it would still defeat the object of a blockchain system!
sold 240 ETH this week, it is neither neutral or censorship resistant,,,,, 6 btc richer. If ethereum foundation dont like it they will Hard Fork.....:(
You are really clueless if you compare exchange with operating environment. Mt Gox was an exchange, and etherium is a platform that effectively translates to environment. One can avoid fraudulent exchange, but cannot fraudulent environment.
![The Currency Wars and Bitcoin's Neutrality: We Didn't Start the Fire [Talk from 2016]](http://i.ytimg.com/vi/Bu5Mtvy97-4/mqdefault.jpg)
I Love him for not sugar coating shit ! I have 7 ethereum coins ...bought in when it was $7.26 ....now it's going up and down like a seesaw.... "it's a gambler" Key word
bet youre loving them now xD hope ya hodled.
@@luffebassen what about now? ;)
Excuse Andreas for being so epic!
Fantastic talk Andreas as usual, sharing this with all my friends :)
The way you explained probable no one could. Thanks
i was realy skeptial and ignorant of blockchain and thought bitcoin was a bubble bound to collapse. now i finally get what it is and this shits indeed the future.
Thank Sir, God Bless America and Greece-Roman
Very nice presentation Andreas!
thank you Andreas 🙏
Great talk.
In Andreas We Trust
thats too much...hey In God We Should put our trust!
@@cristinamallari6529 there is no god
@@nicksteve5392 true
And how do you know that for sure ? Give me 100% proof ? Freak ateist
LMAO "parent > child..... > children*" Now that's a coder thinking out loud.
Audience members who don't silence their smartphones should be immediately removed and pissed on.
The person operating the camera should zoom out a little bit next time. It will be easier to watch without the constant panning of the camera to keep up with your prowling of the stage.
Andreas, do you foresee how miners may be rewarded to uphold the security of the BTC blockchain at the end of the total distribution of BTC in 2140? I'll be dead but still curious.
transaction fees?
OMG, Andreas made a funny within 3 minutes. I'm floored
/s :D
Still learning on this subject and really appreciate the entire "recording of" all and sundry and open source. Who or How is submission of information being recorded legitimized?
With BTC and others,when we trade through public and pvt key which are verified in the block which is linked to other blocks, giving the transaction further security.Any attempt to change or double-make that transaction will be rejected by the inconsistency of its data, checked though many blocks.
Bravo Andreas!!!!
Excellent
Great talk thank you
what is the difference between most of these POS chains and the private blockchains? Coz most POS chains have few validators so is not such a difference
Awesome
Andreas can you recommend a good book to read on blockchain?
Is it just me or does all this sound familiar? I recall a software program many years ago called PGP or pretty good privacy?
Yes bitcoin uses pgp and such.
awesome thank you
Thanks, John Travolta for this awesome talk. 😂
Quick question! Someone please help me out. The amount of Bitcoin is finite... meaning one day all the coins will be accounted for. How do you maintain security if there's no more reward to give to those who Secure the ledger?
Chris Meadmore I'm a novice still but... transaction fees. Currently they're (mainly - depending on exchange) optional and increase the chance of your transaction being picked up in the next block
One day they'll be mandatory but still micro payments because the number of transactions per block will increase exponentially
Even more basic... The value of a Bit coin is not limited to the whole but value is also added fractionally... there are many possibilities between 0-1 coin let alone 21Mil...eventually the value of each fraction appreciates or depreciate depending on demand..
what will convince them to continue to mine bitcoin when all bitcoin has been released?
I guess that would relate to - Why Govt's introduce more money in the economy when you have all that you need ?... I think there is no "all that you need" attained...ever !
I might be wrong., Just a personal opinion
But what Im saying is they are rewarded with bitcoin for mining which in turn provides security for the bitcoin blockchain. once all bitcoin has been released what incentive is there for them to keep mining?
Kyle Schmidt transaction fees :)
Transaction fees is the answer. When you transfer anything through blockchain technology, there is a fee charged and attached to the transaction called fuel or gas. The miners are rewarded for placing your transaction on a block to be sent to the destination. The more gas you pay the faster the transaction. Mining will never go away.
so won't one day all miners own bitcoin when we have to pay them to securitize blockchain for every transaction?
Kyle Schmidt well there is ether or Etherium, Montero, litecoin and other cryptocurrency that can be used for fees I imagine.
Andreas doesn't BS!🤘
Hello
AA, ok don't people to poor loads into bitcoin, but would you agree, for what the technology is, we should be telling folks it would be the dumbest missed opportunity to skip picking up £10/$10 of BTC and save it for their children / grand children... sure it's an investment. It's a micro investment in the potential future of of the world economy... as investments go, there's nothing nearly like it!
Totally agree!
2:30 is gold lol
Ethereum is not immutable, so why write a book about it?
It is and so is any platform built on it. The banks would like their proposed ones to allow reversible transactions and that negates its security,, however some clever fellow might be able to tighten up more using a specific smart contract- it would still defeat the object of a blockchain system!
sold 240 ETH this week, it is neither neutral or censorship resistant,,,,, 6 btc richer. If ethereum foundation dont like it they will Hard Fork.....:(
Mt Gox theft was much bigger than the DAO. There was no talk of HFs.
You are really clueless if you compare exchange with operating environment. Mt Gox was an exchange, and etherium is a platform that effectively translates to environment. One can avoid fraudulent exchange, but cannot fraudulent environment.
Dmitri Kosten That makes no sense.
still feel good about that trade?
how u doing smaugggh ? :D
as always ...cant understand anything
Buy bitcoin. 🚀📈 #btc
Propy