Bitcoin Q&A: Will Bitcoin Become the World's Reserve Currency?

Could bitcoin becoming the world's reserve currency? Will it be more than digital gold? Why did gold not work out as a medium of exchange? Should we desire mainstream adoption if bitcoin becomes a mandated currency, or should we strive for currency choice? The only people who can afford to use surveillance currencies are those with a government that is not corrupt enough yet. Chapters 0:00 Do you think there's a possibility that bitcoin will become the world's reserve currency, essentially digital gold, and that there will be other coins we will use for everyday spending? 3:38 Since bitcoin is different, how do you see mainstream adoption occurring? Will it be through Bitcoin or maybe something else which can be censored? 4:34 Why would you commit to one currency? 7:37 They don't get to dictate choices. We will see a lot of variation. These questions are from the Polish Bitcoin Congress (Polski Kongres Bitcoin) Warsaw, Poland, and the November Patreon session, which took place on May 12th and November 17th, 2018, respectively. 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: Hard Promises, Soft Promises: Promoting Autonomy instead of Authority -    • Hard Promises, Soft Promises: Promoti...   The Killer App: Engineering the Properties of Money -    • The Killer App: Engineering the Prope...   Measuring Success: Price or Principle -    • Measuring Success: Price or Principle   Escaping the Global Banking Cartel -    • Escaping the Global Banking Cartel - ...   Why Open Blockchains Matter -    • Why Open Blockchains Matter   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...   Why I'm against ETFs -    • Bitcoin Q&A: Why I'm against ETFs   Do crypto-banks threaten hard money? -    • Bitcoin Q&A: Do "crypto-banks" Threat...   What is the appeal of sound money? -    • Bitcoin Q&A: What is the Appeal of So...   Regulation and the bank boycott -    • Bitcoin Q&A: Regulation and the Bank ...   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-...   Adoption of disruptive technology -    • Bitcoin Q&A: Adoption of Disruptive T...   Fostering adoption with empathy -    • Bitcoin Q&A: Fostering Adoption with ...   Bitcoin, Lightning, and Streaming Money -    • Bitcoin, Lightning, and Streaming Money   Scaling strategies and adoption -    • Bitcoin Q&A: Scaling Strategies and A...   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 adoption? -    • 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   Why permissioned blockchains fail -    • Bitcoin Q&A: Why Permissioned Blockch...   How to avoid re-creating systems of control -    • Bitcoin Q&A: How to Avoid Re-creating...   Is bitcoin testing governments? -    • Bitcoin Q&A: Is Bitcoin Testing Gover...   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. 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: amzn.to/2xcdsY9 Translations of MASTERING BITCOIN: bitcoinbook.info/translations-of-mastering-bitcoin… THE INTERNET OF MONEY, v1: amzn.to/2ykmXFs THE INTERNET OF MONEY, v2: amzn.to/2IIG5BJ Translations of THE INTERNET OF MONEY: Spanish, 'Internet del Dinero' (v1) - amzn.to/2yoaTTq French, 'L'internet de l'argent' (v1) - www.amazon.fr/Linternet-largent-Andreas-M-Antonopo… Russian, 'Интернет денег' (v1) - www.olbuss.ru/catalog/ekonomika-i-biznes/korporati… Vietnamese, 'Internet Của Tiền Tệ' (v1) - alphabooks.vn/khi-tien-len-mang MASTERING ETHEREUM (Q4): amzn.to/2xdxmlK 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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