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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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Kosta#
Newbie
 Offline
Activity: 55
Merit: 0
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June 28, 2014, 07:26:18 AM |
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somebody stop Andreas before he derails completely.
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bananaControl
Sr. Member
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Activity: 322
Merit: 250
Decentralize All The Things!
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June 28, 2014, 12:16:43 PM |
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somebody stop Andreas before he derails completely.
Are the perspectives outlined by Andreas too complicated for you to understand, or what are you trying to say exactly? |
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dawie
Member
Offline
Activity: 115
Merit: 10
BTC for a better world
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June 28, 2014, 02:05:56 PM |
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Thx for sharing! Very thought provoking speech.
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Fascinated by BTC
BTC: 1HWUnvZ3xQykdSJsfyGiGQpZG16uFe8DXJ
XMR: 44fJ52WJGUmceBX6iARnfW6k9p2MFrwkb9AeXRDvQDaZYM8zkA2uuysE164GBGrhkvGh8PAxGUFU5Fq eEmk82Cww3CHdeRS
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olli
Member
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Activity: 89
Merit: 10
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June 28, 2014, 03:51:17 PM |
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the gox zone  |
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Ron~Popeil
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June 28, 2014, 05:18:39 PM |
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I could listen to him talk for hours. He is one of the smartest people in the bit coin universe.
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bananaControl
Sr. Member
Offline
Activity: 322
Merit: 250
Decentralize All The Things!
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June 28, 2014, 06:01:27 PM |
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I could listen to him talk for hours. He is one of the smartest people in the bit coin universe.
At least he is one of the best articulated and it is fantastic to see him constantly renewing his speeches. He speaks from the heart and the brain - we couldn't wish for a better unofficial spokesperson |
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CoinMode
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June 28, 2014, 07:10:15 PM |
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somebody stop Andreas before he derails completely.
He certainly has a few things he needs to learn about economics, but nearly everything else he talks about is absolutely correct and logically sound. When it comes to the mechanisms of inflation/deflation, he really should do a little more reading and research before he gets himself into trouble. He seems to go so far as suggesting that bitcoin is not at all deflationary, which is just an embarrassing statement. However, you do not seem to have any argument at all, so I guess Andreas wins this round if you don't try and come up with something of any substance against him. |
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knybe
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June 28, 2014, 08:41:42 PM |
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funny how noobish accounts don't seem to like/understand him...
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Alonzo Ewing
Legendary
Offline
Activity: 1040
Merit: 1001
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June 28, 2014, 09:59:41 PM |
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He makes a false dichotomy. I'm a market anarchist because it's practical and everything else is less practical. That's my ideology.
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Robin_Good
Member
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Activity: 140
Merit: 10
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June 29, 2014, 09:49:46 AM |
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I'm not a programmer but it is fascinating to hear that many things suddenly become practical through 'Bitcoin consensus algorithm'. It is interesting.
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Captain America
Newbie
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Activity: 25
Merit: 0
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June 29, 2014, 10:04:03 AM |
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I did not even notice as an hour passed. Andreas M. Antonopoulos tells all so exciting!
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fatty_but_happy
Newbie
Offline
Activity: 54
Merit: 0
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June 29, 2014, 10:20:00 AM |
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Thanks for the link! I'll see this video when I have some free time. Hope it's worth it
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shawshankinmate37927
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June 29, 2014, 01:55:20 PM |
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He certainly has a few things he needs to learn about economics, but nearly everything else he talks about is absolutely correct and logically sound. When it comes to the mechanisms of inflation/deflation, he really should do a little more reading and research before he gets himself into trouble. He seems to go so far as suggesting that bitcoin is not at all deflationary, which is just an embarrassing statement.
I watched the whole video and don't recall him saying that bitcoin is deflationary, nonetheless, it seems you're the one that needs to learn more about economics. The bitcoin supply is currently inflating (not deflating) by 25 bitcoins with each new block, thus making it an inflationary currency. |
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford
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Ron~Popeil
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June 29, 2014, 08:31:12 PM |
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He certainly has a few things he needs to learn about economics, but nearly everything else he talks about is absolutely correct and logically sound. When it comes to the mechanisms of inflation/deflation, he really should do a little more reading and research before he gets himself into trouble. He seems to go so far as suggesting that bitcoin is not at all deflationary, which is just an embarrassing statement.
I watched the whole video and don't recall him saying that bitcoin is deflationary, nonetheless, it seems you're the one that needs to learn more about economics. The bitcoin supply is currently inflating (not deflating) by 25 bitcoins with each new block, thus making it an inflationary currency. At its core it is deflationary but that is well into the future. Deflation is not a bad thing outside the world of corrupt fiat currency. |
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Kosta#
Newbie
Offline
Activity: 55
Merit: 0
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July 10, 2014, 08:20:48 AM |
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somebody stop Andreas before he derails completely.
He certainly has a few things he needs to learn about economics, but nearly everything else he talks about is absolutely correct and logically sound. When it comes to the mechanisms of inflation/deflation, he really should do a little more reading and research before he gets himself into trouble. He seems to go so far as suggesting that bitcoin is not at all deflationary, which is just an embarrassing statement. However, you do not seem to have any argument at all, so I guess Andreas wins this round if you don't try and come up with something of any substance against him. what I meant about this particular video is the tone Andreas chose. look at the listeners in the video. they are embarrased, but too polite to get up and leave (well, some of them left anyway). you simply don't use language like "it doesn't fucking work" in any public lecture like this. there was another recent video in much less formal setting; Andreas was more relaxed there, but even then he didn't swear that much (or at all). to recap, it seems that Andreas lost [hopefully, temporarily] some situational awareness, chose wrong language, and in general seemed to be derailed by something. it is easy to cross the line after which any evangelism turns into it's opposite (e.g. "if this moron promotes something, I better keep away from it"). again, I am not saying that Andreas is moron, I am saying that this video brings him closer to that line. hopefully somebody will stop him before he derails completely. |
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dwdoc
Legendary
Offline
Activity: 966
Merit: 1000
- - -Caveat Aleo- - -
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July 10, 2014, 01:36:11 PM |
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You have been out voted by the youtube consensus algorithm:
88 likes and 1 dislike
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colinistheman
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July 10, 2014, 04:46:41 PM |
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Great video. I really enjoyed it.
Thank you for posting it, LiteCoinGuy, and all the news you post.
It is much appreciated.
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Kprawn
Legendary
Offline
Activity: 1904
Merit: 1073
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July 10, 2014, 05:09:24 PM |
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Just a pity he left the bitcoin foundation. We need people with strong moral values, to look after the interest of BTC users.
He has a lot of knowledge {security} and could make a difference.
This is bad for the community.
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