Do you think it is a problem that Bitcoin private keys can be destroyed, in terms of a store-of-value? Should we re-distribute bitcoin which hasn't moved for a long period of time? Should we do something about lost coins? Is there potential for centralization through concentration of ownership of bitcoin? Has there ever been a deflationary experiment? Wouldn't people stop spending altogether?

Chapters
0:00 Do you think there is a problem with bitcoin being used as a currency or store-of-value when it can be easily destroyed by losing the private keys?
4:23 Would it be good idea to make a rule that bitcoin which hasn't moved in fifty to a hundred years is redistributed?
7:52 Many people assume that some coins are lost forever. But nobody really knows. The keys could still exist. If Satoshi holds more than 2% of the maximum supply, is there a danger from centralization of power through bitcoin ownership in unknown hands?
9:47 Has there ever been a deflationary currency experiment before? Do we need inflation? Why would you buy anything if you would increase your purchasing power by holding? We need inflation. How do we create that within Bitcoin?

These questions are from the fourth and fifth sessions of MOOC 11, which took place on February 22nd and March 1st 2019 respectively. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron:   / aantonop  

RELATED:
How do I choose a wallet? -    • Bitcoin Q&A: How Do I Choose a Wallet?  
Secure, tiered storage system -    • Bitcoin Q&A: Secure, Tiered Storage S...  
Hardware wallets and attack surface -    • Bitcoin Q&A: Hardware Wallets and Att...  
Setting up secure storage devices -    • Bitcoin Q&A: Setting Up Secure Storag...  
What is a private key? -    • Bitcoin Q&A: What is a Private Key?  
How do mneomonic seeds work? -    • Bitcoin Q&A: How Do Mnemonic Seeds Work?  
Using paper wallets -    • Bitcoin Q&A: Using Paper Wallets  
Wallet design and mass adoption -    • Bitcoin Q&A: Wallet Design and Mass A...  
Cryptographic primitives -    • Bitcoin Q&A: Cryptographic Primitives  
Public keys vs. addresses -    • Bitcoin Q&A: Public Keys vs. Addresses  
Re-using addresses -    • Bitcoin Q&A: Re-using Addresses  
Passphrases and seed storage -    • Bitcoin Q&A: Optional Passphrases (Ad...  
Coin selection and privacy -    • Bitcoin Q&A: Coin Selection and Privacy  
Multi-signature and distributed storage -    • Bitcoin Q&A: Multi-signature and Dist...  
Is quantum computing a threat? -    • Bitcoin Q&A: Is Quantum Computing a T...  
The 21 million supply cap -    • Bitcoin Q&A: The 21 Million Supply Cap  
Denominations and voluntary burning -    • Bitcoin Q&A: Denominations and Volunt...  
Divisibility and deflationary monetary policy -    • Bitcoin Q&A: Divisibility and Deflati...  
Inflation and debt systems -    • Bitcoin Q&A: Inflation and Debt Systems  
How to get people to care about security -    • Bitcoin Q&A: How to Get People to Car...  
Honest nodes and consensus -    • Bitcoin Q&A: Honest Nodes and Consensus  
Why running a node is important -    • Bitcoin Q&A: Why Running a Node is Im...  
Wallets, nodes, and monetary sovereignty -    • Bitcoin Q&A: Wallets, Nodes, and Mone...  

Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.

Follow on Twitter: @aantonop   / aantonop  
Website: https://antonopoulos.com/

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.

Subscribe to the channel to learn more about Bitcoin & open blockchains; click on the red bell to enable notifications about new videos!

MASTERING BITCOIN, 2nd Edition: https://amzn.to/2xcdsY9

Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations...

THE INTERNET OF MONEY, v1: https://amzn.to/2ykmXFs

THE INTERNET OF MONEY, v2: https://amzn.to/2IIG5BJ

Translations of THE INTERNET OF MONEY:
Spanish, 'Internet del Dinero' (v1) - https://amzn.to/2yoaTTq
French, 'L'internet de l'argent' (v1) - https://www.amazon.fr/Linternet-large...
Russian, 'Интернет денег' (v1) - https://www.olbuss.ru/catalog/ekonomi...
Vietnamese, 'Internet Của Tiền Tệ' (v1) - https://alphabooks.vn/khi-tien-len-mang

MASTERING ETHEREUM (Q4): https://amzn.to/2xdxmlK

Music: "Unbounded" by Orfan (  / orfan  )
Outro Graphics: Phneep (http://www.phneep.com/)
Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)
Join the aantonop Channel: https://aantonop.io/joinaantonopyt