Crypto 101 | VIDEO: Just Released: Andreas Antonopoulous: Bitcoin Q&A: How is fungibility tied to privacy? (8 mins) - Super practical resource here today!! (Other videos inside post also)
Andreas M. Antonopoulos is an early pioneer, adopter & educator in the Bitcoin/Crypto space if you have not heard of him.
He routinely puts out some of the best information going. He speaks plainly and simply with some humour!
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He travels the world preaching the Bitcoin, Liberty, Crypto and Blockchain gospel and is one of the most well respected lecturers and teachers in the crypto world!
I always include a library of AA's videos in these posts, just like he does in every one of his YT channel videos. These are things for you to use, save, watch, share, and learn from if you have time now or come back to later if you wish. It's here to help you, with extra resources.
--
This resource showed up in my email inbox recently, have a watch, share it with those who are learning.
Follow Andreas & Barry on Twitter:
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https://twitter.com/aantonop
https://twitter.com/BarryDutton
Published on Jun 27, 2017
Fungibility is simply that it doesn't matter where any given unit of currency came from; one unit is worth as much as any other unit.
For example, it doesn't matter, upon presentation, the euro you hold was stolen two transactions ago. No one can say "I will take that euro but not that euro." This was settled as a matter of law in the 16th century.
The reason we have fungibility is because otherwise the currency wouldn't work; if every time you received a euro, you had to open a database and check the provenance, currency wouldn't work. Not just because you would have to track a database that was perfect and always updated, but because no euro would be worth one euro. Every euro would be weighted by how liquid it is, whether you can use it and it will be accepted.
Fungibility is understanding by law, practice, and technology that every unit is treated as indistinguishable. Bitcoin is somewhat fungible. You can trace the provenance of every coin; by custom we don't do that but we are beginning to see some companies do it, which is a problem. If accounts start being frozen because of where bitcoins came from three transactions ago, that's a problem.
Fungibility is tied to privacy and anonymity. There are systems being made where you can't tell the amount being transacted, who the sender and receiver are. Banning technology, especially open-source technology, because criminals use it only usually affects the people who aren't criminals: the innocent and the idiots.
People should be able to protect their money from predators, from corporations, from tyrannical governments.
This is part of a talk which took place on October 11th 2016 during the Merkle Conference in Paris, France: http://www.merkleconference.com/
Watch the full talk here:
He routinely puts out some of the best information going. He speaks plainly and simply with some humour!
--
He travels the world preaching the Bitcoin, Liberty, Crypto and Blockchain gospel and is one of the most well respected lecturers and teachers in the crypto world!
I always include a library of AA's videos in these posts, just like he does in every one of his YT channel videos. These are things for you to use, save, watch, share, and learn from if you have time now or come back to later if you wish. It's here to help you, with extra resources.
--
This resource showed up in my email inbox recently, have a watch, share it with those who are learning.
Follow Andreas & Barry on Twitter:
--
https://twitter.com/aantonop
https://twitter.com/BarryDutton
Published on Jun 27, 2017
Fungibility is simply that it doesn't matter where any given unit of currency came from; one unit is worth as much as any other unit.
For example, it doesn't matter, upon presentation, the euro you hold was stolen two transactions ago. No one can say "I will take that euro but not that euro." This was settled as a matter of law in the 16th century.
The reason we have fungibility is because otherwise the currency wouldn't work; if every time you received a euro, you had to open a database and check the provenance, currency wouldn't work. Not just because you would have to track a database that was perfect and always updated, but because no euro would be worth one euro. Every euro would be weighted by how liquid it is, whether you can use it and it will be accepted.
Fungibility is understanding by law, practice, and technology that every unit is treated as indistinguishable. Bitcoin is somewhat fungible. You can trace the provenance of every coin; by custom we don't do that but we are beginning to see some companies do it, which is a problem. If accounts start being frozen because of where bitcoins came from three transactions ago, that's a problem.
Fungibility is tied to privacy and anonymity. There are systems being made where you can't tell the amount being transacted, who the sender and receiver are. Banning technology, especially open-source technology, because criminals use it only usually affects the people who aren't criminals: the innocent and the idiots.
People should be able to protect their money from predators, from corporations, from tyrannical governments.
This is part of a talk which took place on October 11th 2016 during the Merkle Conference in Paris, France: http://www.merkleconference.com/
Watch the full talk here:
--
He travels the world preaching the Bitcoin, Liberty, Crypto and Blockchain gospel and is one of the most well respected lecturers and teachers in the crypto world!
I always include a library of AA's videos in these posts, just like he does in every one of his YT channel videos. These are things for you to use, save, watch, share, and learn from if you have time now or come back to later if you wish. It's here to help you, with extra resources.
--
This resource showed up in my email inbox recently, have a watch, share it with those who are learning.
Follow Andreas & Barry on Twitter:
--
https://twitter.com/aantonop
https://twitter.com/BarryDutton
Published on Jun 27, 2017
Fungibility is simply that it doesn't matter where any given unit of currency came from; one unit is worth as much as any other unit.
For example, it doesn't matter, upon presentation, the euro you hold was stolen two transactions ago. No one can say "I will take that euro but not that euro." This was settled as a matter of law in the 16th century.
The reason we have fungibility is because otherwise the currency wouldn't work; if every time you received a euro, you had to open a database and check the provenance, currency wouldn't work. Not just because you would have to track a database that was perfect and always updated, but because no euro would be worth one euro. Every euro would be weighted by how liquid it is, whether you can use it and it will be accepted.
Fungibility is understanding by law, practice, and technology that every unit is treated as indistinguishable. Bitcoin is somewhat fungible. You can trace the provenance of every coin; by custom we don't do that but we are beginning to see some companies do it, which is a problem. If accounts start being frozen because of where bitcoins came from three transactions ago, that's a problem.
Fungibility is tied to privacy and anonymity. There are systems being made where you can't tell the amount being transacted, who the sender and receiver are. Banning technology, especially open-source technology, because criminals use it only usually affects the people who aren't criminals: the innocent and the idiots.
People should be able to protect their money from predators, from corporations, from tyrannical governments.
This is part of a talk which took place on October 11th 2016 during the Merkle Conference in Paris, France: http://www.merkleconference.com/
Watch the full talk here:
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Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and well-respected figures in bitcoin.
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Follow on Twitter: @aantonop https://twitter.com/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.
THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Mon...
MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bi...
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Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.
--
Follow on Twitter: @aantonop https://twitter.com/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.
THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Mon...
MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bi...
Thanks for reading, have a nice day.
If you liked this blog post - please Resteem it and share good content with others!
--
Some of my recent blogs:
--
If you feel my posts are undervalued or you want to donate to tip me - I would appreciate it very much.
--
Bitcoin (BTC) - 18J6RRuzX4V7b2CDbx7tWZYNBLkkGWsvWX
Ethereum (ETH) - 0x3Ad69Ff057C9533ca667B2d7E3E557F5eeFd4477
Ethereum Classic (ETC) - 0x5ab2b08d4ce8d454eb9d1ecc65c6d8b0c5f9784c
LiteCoin (LTC) - LKdsnvSXk9JW99EiNicFMGKc1FXiBo9tUE
DASH - XgZvsvSZgPkNbmGbRhc3S1Pt2JAc7QHwiS
PIVX - DA3azxQqJiX9t7EviuacpamfNhMi2zGAUh
Expanse (EXP) - 0x819b9cce8630ab638198eabfd7496786c20d629a
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Synereo (AMP) - 1KnrL6wFHaT4gjJ2YJ5f6WmKTDJNsaBS8s
ZCash (ZEC) - t1aCPEYELkGaf3GtgGTiCEDo7XfPm4QEwmL
Greetings for friend steemit all ... your post is very interesting to follow .. my prayers always give success.
So good post, thanks for all of this info
This comment has received a 0.14 % upvote from @booster thanks to: @hamzaoui.
Thank you for mem posting video master @barrydutton this is very useful for me because this is what I am looking for all this time.
Thanks for the info man!
It is really very practical to have alltogether these videos of Andreas Antonopoulous. This may become a very good guide. Thanks for creating this post!
@barrydutton Great video collection sir i watched only one out of them very informative video fir i bookmarked this page to see your all video later thanks for sharing such a informative content with us :) followed you sir for more similar post :)
random question what are your thoughts on the bitcoin hardfork on the 1st of Aug??
Thanks for keeping the community aware of the cha,ges thanks a lot for sharing and keep on posting ;)
this is a great blog with so much content - i am impressed
Thanks!
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