Bitcoin Q&A: Scaling Strategies and Adoption

What are the scaling trade-offs in the so-called "block size debate"? Moore's Law, increasing capacity through additional layers, and the two engineering strategies: make the pipe bigger vs. make the content smaller (compression). Are we in a "honeymoon" period in terms of innovation potential without patents? Does Ethereum face more scaling challenges than Bitcoin? Will open blockchains compete or cooperate with banks, such as... offering fractional reserve services? Chapters 0:00 How would you solve the blockchain size / storage issue once widely adopted? 1:27 .mp3 is an interesting example. It was encumbered by intellectual property (IP) until 2 years ago. So not everybody could use it in open projects 2:14 Being that you helped write 'Mastering Ethereum,' what do you think about the future viability for scaling versus current blockchain application platform competitors? I think you're positive about this, right? 3:57 Will blockchain technology replace trusted entities like banks completely, or will they use it to be prepared for the future even better? Do you think there is a consensus on working with banks, or do you think they will be replaced the way they are right now? This question is from a talk which took place on May 18th 2018 for the WeAreDevelopers World Congress at Austria Center Vienna in Vienna, Austria: www.wearedevelopers.com/speakers/ 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: 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-...   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 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   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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