A whimsical security analysis of the open, public and decentralized bitcoin system, compared to the closed, proprietary and centralized alternatives.

This talk is featured in The Internet of Money volume 2, which can be purchased in multiple languages in paperback, ebook, or audiobook: https://aantonop.io/tiomv2ebooks/

Chapters
0:00 Introduction
0:31 Parenting
3:12 Bubble boy
6:34 What did the banks do with their first attempt to join the internet?
9:20 Inside the bubble
10:36 Outside the bubble
12:24 Bitcoin is a swarm of sewer rats
14:46 Bubble boy blockchains
15:12 A decentralize consensus system that survives
15:46 Banks are already on the stage of bargaining
18:06 Panopticons
20:45 Building resilient systems is about exposing them to continuous attack
24:14 Q&A starts
24:29 What prevents the banks from taking open source grown copy of the bitcoin code and launching it inside?
30:08 Is Bitcoin an army of sewer rats or only just a single sewer rat?
32:10 Question of competence. IOS is more secure than android and that kind of breaks down your analogy
34:42 Question about control
37:36 What happens when much more economic incentive via short markets appears for somebody who might have an attack to actually use it?
43:26 How does the sewer rats get power?
47:23 Alan Turing on Enigma demonstrated that no form of cryptography can eventually be broken all through history, there was always something that nobody imagined that would crack it. Do you believe that to be true?

This talk was delivered on October 16th 2015 at Draper University in San Mateo, California: https://antonopoulos.com/event/devcor...

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LEARN MORE BY
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WATCH all of the talks included in The Internet of Money Volume Two:    • The Internet of Money Volume 2  

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WHO IS ANDREAS?
===========
Andreas M. Antonopoulos is a technologist whose mission it is to educate as many people as possible, in as many languages as possible, about the social, political, and technological implications of #bitcoin & open blockchains. He's a computer scientist and educator who has been working tirelessly in bitcoin and open blockchains since 2013. He is known for delivering electric talks that combine economics, psychology, technology, and game theory with current events, personal anecdote, and historical precedent effortlessly transliterating the complex issues of blockchain technology out of the abstract and into the real world.

aantonop isn't promoting a company or an organization; he's paid by the community (people who support this work on Patreon and YouTube) and provides an unbiased look at open blockchain technologies, what they can do for our societies, and how to get involved (if you decide you want to). Learn more at https://aantonop.com

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