I just spent the last 8 months working on the second edition of 'Mastering Bitcoin,' and I couldn't even scratch the surface of all the innovation that is happening in BTC. Andreas Antonopoulos More Quotes by Andreas Antonopoulos More Quotes From Andreas Antonopoulos Bitcoin is not “unregulated”. It is regulated by algorithm instead of being regulated by government bureaucracies. Un-corrupted. Andreas Antonopoulos algorithms bitcoin government Bitcoin is not currency; it's the internet of money! Andreas Antonopoulos bitcoin currency internet Essentially, not only do we believe in this myth of 'de-risking', but it has become the one overriding goal; de-risking above growth, de-risking above innovation, de-risking above everything else. And we've reached the point where the Fed is using $70 Billion a month to 'de-risk' a largely insolvent banking system. And this can only end badly. The idea that you can do capitalism without risk is ridiculous on its face. Andreas Antonopoulos goal believe ideas Bitcoin is a currency, bitcoin is a network, bitcoin is a technology and you can't separate these things. A consensus network that bases its value on the currency does not work without the currency. Andreas Antonopoulos bitcoin technology doe The Internet of Money, bitcoin, is releasing 50 yrs. of pent up innovation in finance, because it offers innovation without permission. Andreas Antonopoulos bitcoin internet innovation What happens when an industry transitions from using one or more 'smart' and centralized networks to using a common, decentralized, open, and dumb network? A tsunami of innovation that was pent up for decades is suddenly released. Andreas Antonopoulos innovation smart dumb happens Gradually, decentralized trust will be accepted as a new and effective trust model. We have seen this evolution of understanding before - on the Internet. Andreas Antonopoulos new internet trust understanding Bitcoin offers one service: securely time-stamped, scripted transactions. Everything else is built on the edge-devices as an application. Bitcoin allows any application to be developed independently, without permission, on the edge of the network. Andreas Antonopoulos edge without everything service It will take time for the idea of decentralized trust through computation to become a part of mainstream consciousness, and until then, the idea creates cognitive dissonance for those accustomed to centralized trust systems. Andreas Antonopoulos become will trust time
