Bitcoin Q&A: Altcoins and Specialisation
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What other crypto-assets and technologies interest you besides Bitcoin and Ethereum? I’m interested in the cryptocurrencies that are pioneering privacy and anonymity, such as Monero and Zcash. I’m interested in resource-sharing ones as well. It is less likely that they will be eclipsed by Bitcoin and its second layers as long as they maintain that privacy-conscious differentiation.
Is Litecoin still “the silver to bitcon’s [digital] gold”? Litecoin often follows the core roadmap, but it has filled a niche of rapid development that acts as a testing ground for innovations that may end up in Bitcoin. I think there is room for multiple cryptocurrencies that have less adoption overall but are “apex” in certain categories.
Chapters
0:00 What crypto-assets or technologies interest you, besides Bitcoin and Ethereum?
1:16 What are your thoughts on Litecoin? Do you see it as “the silver to bitcoin’s gold”?
2:40 Do privacy-focused altcoins like Monero have a future in light of the second-layer innovations coming to Bitcoin?
5:37 Would you agree that hypothetical attempts of bootstrapping a completely new value token are now virtually guaranteed to fail?
This is a question from the patron-only live Q&A which took place on December 16th 2017. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron:
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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
Website:
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.
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Monero
Doesn’t having the privacy in the protocol itself make it very difficult to detect problems and bugs?
Thanks for your Q&A's I hope you are able to read this one. I'm a believer in Bitcoin/Cryptocurrency. I'm new to the space, but one aspect that has me wondering (maybe worrying) is why, after all these years, there is a lack of of any major players/contributors. What I mean is, Google, Apple, Amazon, Intel, Tesla, SpaceX, Nvida, Facebook are almost silent (or even anti-crypto) on Crypto. These same companies spend BILLIONS in R&D trying to stay ahead of the competition to be the first- Global Internet Service, Self Driving Cars, AI, Quantum Computers. Why they have not entered the Crypto-space is worrisome. I understand why banks are slow to act, they are in the horse & buggy business. But when a search engine company (Google) has a billion dollar sand box and are trying to do every new tech there is, why the silence on Crypto? Your thoughts on this subject would be greatly appreciated.
Bill Gates is simply wrong about privacy coins. Sure, technology can be wielded as a weapon, but imagine how limited people would be if just ANYONE could go and crawl the blockchain and deduce what you are spending your money on. Your actions are incredibly limited if you assume that someone is always watching you. Humans were given privacy-by-birth; you own your body, you own your thoughts, and to live in a pseudonymous world is to stand against this notion of intrinsic birth-right privacy. "Pseudonymous" doesn't mean "pretty much anonymous" it means "pretty much NOT anonymous AT ALL", big difference.
I like this Q&A format! Thank you!
If btc gets faster what's the point of ltc
when your skin matches the wall……
05:15 – There's no real competitors in the crypto space right now, only options… #pioneers ✌ ✊ 👏
Thank you AA for all of your work in this community. My #1 teacher.
Litecoin ??? ok thanks to Bitcoin cash for that !
three mentions in an Aantonop vid and a few hrs later Monero goes on a 24hr bull run
Bitcoin can add Monero like privacy features as well…Bulletproof
@andreas antonopolous, what was your opinion on the rant peter schiff had about bitcoin on the joe rogan podcast?? And if this has already been answered can anyone link it to me, thanks
You should have so many more upvotes on these videos Andreas, thank you so much for what you've done for me over the years. Since this last price surge I've been reinvigorated into the community not because of the price, but because of all the fresh faces. Stay strong AA! +Cryptogenik
How do you feel about securing smart contracts ?
I had a revelation recently and finally figured out Andreas' logo…it's the birds view of his head! looool….I think he needs to invest into new branding 🙂
Andreas, I’m a big fan but wanted to check something. You said litecoin was the first to active segwit, did you mean the first between bitcoin & litecoin? My understanding is that digibyte was the first, as it activated segwit on 28 April and litecoin followed in May. Is that incorrect?
Great video!
I prefer a privacy coin.. Zoin, what do you think about it?
Go Litecoin!
Hi Andreas, what is your take on interopability blockchains that is being adopted in Korea?
Bitcoin Cash is losing volume and may die. It's not decentralized and may not survive another year.
what about bitcoin private? lol
What are your thoughts on sentinel?
Andreas, would Bitcoin Private be superior to zcash and monero in it's utility to Bitcoin users (who got the airdrop), and privacy coin users as a whole?
Great video as always! Keep up the good work.
#MONERO