Bitcoin Q&A: What Is The Biggest Threat?

The biggest threats to Bitcoin. Bitcoin is not just a technology, it is also a community – which is vulnerable to injections of disinformation and drama. Every activist network eventually gets infiltrated and filled with propaganda by either idiots or people who are paid to do this as a job (Reddit, I’m talking about you). My advice is to focus on the technology, which is real. Community fragmentation slows things down. If the brightest programmers are spending their days dealing with trolls, they’re not writing code, and that’s a danger.

This talk took place on December 6th, 2016, at the Bitcoin Cologne meetup in Köln, Germany:

The Currency Wars and Bitcoin’s Neutrality –
Someone said “Bitcoin is dead.” What do you say?

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

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.



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Music: “Unbounded” by Orfan (
Outro Graphics: Phneep (
Outro Art: Rock Barcellos (

Your input is really welcome. Cryptocurrency users are accustomed to seeing an increasing number of adoption of the instruments by companies. Any user can ask Dark Wallet to yield a stealth address alongside a secret key and publish the stealth address online as her or his bitcoin receiving address. Users who are a newcomer to bitcoin may also learn to purchase their initial bitcoins from inside the payment widget.

For ensuring Bitcoin donation it’s important to keep a secure atmosphere. Therefore, if you should create a payment system related to an invoice, you merely will need to generate and monitor a Bitcoin address for each payment. Thus, offline systems do not have to be updated, provided that the online system is. The US monetary system is so damaged it would have a superhuman effort to repair it. The open source software is a safe avenue to produce payments. It isn’t foolproof, but it is a strong tool,” says Taaki.

Each order is going to have a different total so you will want to make a new payment button for each purchase. 1 advantage of CoinTraffic is they’re selective about the quantity of advertising partners they have. There are quite a lot of advantages for publishers that are fortunate enough to be invited. Pick the quantity of money that you want to purchase. Another kind of wallet referred to as a hardware wallet keeps credentials offline when facilitating transactions. To safeguard the identity of the user receiving coins rather than spending them, Dark Wallet delivers a different technique referred to as a stealth address.

You should not use exactly the same address for over 1 transaction. A Bitcoin address can readily be intercepted during publication that could direct the amount over to a different domain. There are a lot of explanations for why bitcoin has failed to produce massive inroads as a medium of exchange.

The simplest way to produce a CoinJoin transaction is via a dedicated server. The primary difference between a number of the versions out there is how the CoinJoin transaction is made. Transactions in precisely the same block are deemed to have happened at the exact time and transactions not yet in a block are believed to be unconfirmed. If it isn’t, the payment ought to be cancelled. Unlike charge cards, any fees are covered by the purchaser not the vendor. At Virwox, you’ve got to pay a commission fee, but the course of action is simpler than using credit cards. When done publicly, it’s especially ideal for transparent donations and ideas.

Liquidity, that is the access to money and demand in the worldwide system, always precedes market moves. Investments in foreign businesses involve risk and might not suit all investors. The organization has many of the identical management team as Bitfinex, the Hong Kong-based cryptocurrency exchange that is only one of the biggest on the planet. Instead, you can approach your site provider and ask them how to do it. The customer is most likely likely to want some paper trail because of his payment. A startup free of leadership (it’s decentralized), no item yet of intrinsic price, and an increasing quantity of nearly identical competitors entering the market every moment.

22 thoughts on “Bitcoin Q&A: What Is The Biggest Threat?

  • March 21, 2017 at 7:03 pm

    I agree, Andreas! I hope all the infighting stops.

  • March 21, 2017 at 7:20 pm

    So I am glad that Bitcoin Core is writing code and not fighting trolls 😉

    THANK YOU for your always SUPER content Andreas! You have done so much for Bitcoin and you are greatly appreciated by all in the community! I hope to meet you one day realistically in LA (or San Francisco).

  • March 21, 2017 at 7:22 pm

    Well said!……. AS ALWAYS 😉

  • March 21, 2017 at 7:23 pm

    was this in Cologne?

  • March 21, 2017 at 7:25 pm

    Great point that applies across disciplines and communities… If the brightest minds fall into distraction traps, their talents are being wasted. If Bernie Sanders spent all day tilting at trumpmills, he’d have no time to introduce meaningful legislation.

  • March 21, 2017 at 7:41 pm

    Sir what’s your take on Ripple XRP, what do you feel about its future. Will it find its place in the market?

  • March 21, 2017 at 7:48 pm

    Do you think there’s any solution to this whole Bitcoin “civil war” between SegWit and BU?

  • March 21, 2017 at 9:20 pm

    For me, it’s hard finding the latest news on bitcoin because I don’t know what to believe. I feel like 75% of the bitcoin content I watch or read is just propaganda supporting someones views. This channel is one of the few I actually trust and get meaningful information from. Thank you, Andreas Antonopoulos for keeping us informed.

  • March 21, 2017 at 10:14 pm

    Great animated outro picture of you, very cool!

  • March 21, 2017 at 10:32 pm

    let’s not stop at calling out readit. call out Roger Ver!

  • March 22, 2017 at 12:37 am

    Agree, but the heated and disinformative discussion has not come out of simple stupid desires to troll nor out of subversive intents. It has come out of intensifying scaling problems, and attendant fee increases, and potential adoption slowdown. Agree that the devs shouldn’t be discussing but focusing and fixing. Get it done. Force SegWit (at least on LTC). Then focus on the next thing…

  • March 22, 2017 at 1:16 am

    Εκατό τοις εκατό.

  • March 22, 2017 at 3:36 am

    funny I had a western union comercial un this vid

  • March 22, 2017 at 1:43 pm

    I always find it amusing when people refer to Bitcoin as a currency, as if the term ‘Bitcoin’ referred to a valuable item rather than to the network protocol. I do have to admit that ‘Satoshi’ was pretty clever in selling it that way, though; I imagine that ‘untraceable electronic cash that can be used anywhere in the world’ sells a lot better than ‘secure distributed accounting system’ would have, even though it is a much more accurate description (and far more important and useful than any cryptocurrency could ever be).

    Unfortunately, the really important and revolutionary aspect of it – that it is an abstract valuation marker the relative worth of which is negotiated with each transaction – is undermined whenever someone talks of it having an ‘exchange value’. That isn’t how it works, and it really weakens the Bitcoin protocol’s real importance. However, I can only assume that people aren’t yet ready to actually grasp the true significance of a trade system (other than direct barter) which doesn’t involve any kind of currency at all, so… *shrug*

    The takeaway? Bitcoin isn’t money – Bitcoin is a technology demonstrator that shows that money is obsolete and has been for years. Mind you, it isn’t doing anything that banks haven’t been doing since the 17th century – back when it was realized by the Dutch stock brokers that it was easier to send IOUs than actual gold – but it does it in a way that requires no pre-establishment of trust between the parties, and *that* is revolutionary.

  • March 24, 2017 at 5:00 am

    He makes a good point. It’s important for BTC to stay together. There are 5 people with the keys to bitcoin. All changes are made by them. Bitcoin Core is the name of a company and so is Bitcoin Unlimited. What ever happened to BIP101? It would add predictability to blocksize and allow a second layer for lighting.

  • March 24, 2017 at 10:19 am

    Hey Andreas Antonopouls have you looked into #BURST Coin and there decentralized asset exchange is great you can receive dividends paid to you in #BURST for holding shares in a asset, if possible can you bring attention to #BURST Coin………

  • March 26, 2017 at 5:48 pm

    It’s the same with local community groups in cities. There are more spies for political social groups than there are local members. For every organisation there is at least one spy from each party. You can spot them because they visit every event but never participate unless it’s to cheer or jeer.

  • March 28, 2017 at 1:10 am

    If BITCOIN can split, that means BLOCKCHAIN TECHNOLOGY is a failure already. In the far future, we can keep FORKING as needed just like the FEDS can keep PRINTING. It doesn’t matter if there are 21MILLION BTC in existence. I’m becoming to think that BLOCKCHAIN is a product of the FED!! I mean, ETHEREUM already split once, and seems like the MASS (HERD OF SHEEPS) are OK with it. Now their going to TELL you that FORKING is a FEATURE, but really it’s all about CONTROL & MANIPULATION.

  • April 1, 2017 at 4:31 am

    Thank you!

  • September 3, 2017 at 2:29 pm

    DANGER! Has anyone stopped to think that if Bitcoin skyrocketed and was doubling reliably EVERY WEEK, then…. Well…. Why would you invest in anything else?

    So ALL investors will migrate to it and tbe WHOLE WORLD WILL COLLAPSE.

    Anyone have any thoughts on that?

  • November 14, 2017 at 8:04 pm

    Lol BTC vs. BCH right now 😀 huge drama over the twitter and reddit …

  • December 26, 2017 at 10:41 am

    More valid now than ever.

Comments are closed.