Bitcoin Q&A: Scaling and "Satoshi's Vision"

How big will the Bitcoin blockchain get? How will optimisations that conserve space affect growth, while keeping full nodes affordable to run? Why should we add second layers for microtransactions instead of moving to altcoins? What design trade-offs will we make regarding scalability, decentralisation, privacy, and smart contracts? Is “Satoshi’s vision" outdated and an appeal to authority? Chapters 0:00 In terms of storage, how big will the Bitcoin blockchain become? 2:34 Since Bitcoin is not efficiently used for micropayments, which was Satoshi's vision, is the concept failing? Why do we need second, third, or fourth layers on top of the Bitcoin blockchain for what was supposed to be done by design? Should we move to altcoins? 9:17 Would I still need to shift to altcoins, which might represent much less decentralized systems? These questions are from MOOC 9.6 and 9.7 sessions, which took place on March 23rd and March 30th 2018 respectively. Andreas is a teaching fellow with the University of Nicosia. The first course in their Master of Science in Digital Currency degree, DFIN-511: Introduction to Digital Currencies, is offered for free as an open enrollment MOOC course to anyone interested in learning about the fundamental principles. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: www.patreon.com/aantonop RELATED: Measuring Success: Price or Principle -    • Measuring Success: Price or Principle   Decentralised Globalisation -    • Decentralized Globalization: Cryptocu...   Investing in Education instead of Speculation -    • Investing in Education Instead of Spe...   Beyond Price: Bitcoin's Impact on the Future -    • Beyond Price: Bitcoin's Impact on the...   The Lion and the Shark: Divergent Evolution in Cryptocurrency -    • The Lion and the Shark: Divergent Evo...   Wallet design and mass adoption -    • Bitcoin Q&A: Wallet Design and Mass A...   Mass adoption and peer-to-peer commerce -    • Bitcoin Q&A: Mass Adoption & Peer-to-...   Scaling strategies and adoption -    • Bitcoin Q&A: Scaling Strategies and A...   Lightning Network scaling -    • Bitcoin Q&A: Lightning Network Scaling   Layered scaling and privacy -    • Bitcoin Q&A: Layered Scaling and Privacy   Scaling complex systems -    • Bitcoin Q&A: Scaling Complex Systems   Scaling, trust, and trade-offs -    • Bitcoin Q&A: Scaling, Trust, and Trad...   Scaling is a moving target -    • Bitcoin Q&A: Scaling is a Moving Target   Price volatility and store of value -    • Cryptocurrency Price Volatility and B...   Why I earn bitcoin instead of buying -    • Bitcoin Q&A: Why I Earn Bitcoin Inste...   Job opportunities with cryptocurrencies -    • Bitcoin Q&A: Job Opportunities with C...   Inspiring cryptocurrency projects -    • Bitcoin Q&A: Inspiring Cryptocurrency...   From barter to abstract money -    • Bitcoin Q&A: From Barter to Abstract ...   Crossing the chasm of theoretical vs. real need -    • Bitcoin Q&A: Crossing the Chasm of Th...   Remittances and smuggling in Venezuela -    • Bitcoin Q&A: Remittances & Smuggling ...   How long until mainstream adption? -    • Bitcoin Q&A: How Long Until Mainstrea...   What is the biggest adoption hurdle? -    • Bitcoin Q&A: What is the Biggest Adop...   Bitcoin as everyday currency -    • Bitcoin Q&A: Bitcoin as Everyday Curr...   Hyperbitcoinization -    • Bitcoin Q&A: Hyperbitcoinization   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 twitter.com/aantonop Website: 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. THE INTERNET OF MONEY, v1: www.amazon.co.uk/Internet-Money-collection-Andreas… [NEW] THE INTERNET OF MONEY, v2: www.amazon.com/Internet-Money-Andreas-M-Antonopoul… MASTERING BITCOIN: www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digit… [NEW] MASTERING BITCOIN, 2nd Edition: www.amazon.com/Mastering-Bitcoin-Programming-Open-… Translations of MASTERING BITCOIN: bitcoinbook.info/translations-of-mastering-bitcoin… Subscribe to the channel to learn more about Bitcoin & open blockchains! Music: "Unbounded" by Orfan (www.facebook.com/Orfan/) Outro Graphics: Phneep (www.phneep.com/) Outro Art: Rock Barcellos (www.rockincomics.com.br/) Join the aantonop Channel: aantonop.io/joinaantonopyt

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