freebit13
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May 01, 2014, 02:46:41 PM

Andreas Antonopoulos on Singularity 1 on 1: "Bitcoin is not currency, it's the internet of money!"

http://www.youtube.com/watch?v=KW_wYvZ1eZg

I was just arguing the same thing with someone on this forum.  I look forward to checking out the vid.  Thanks alot for sharing.

No problem, when Andreas speaks, I listen  Wink

Antonoplis is great, but he overlooked a few issues on why deflation would not be a problem, namely that Bitcoin is not and likely never will be legal tender. The supply of bitcoin is finite but the supply of cryptocurrency is not. If there is not enough liquid BTC, then BTC derivatives or something like litecoin can fill the gap.

I agree. Around 30mins he mentions the possibly of cryptocurrencies backed by bitcoin and he talked about it somewhere else, but I think the main thing is that we're very early on and most of the possibilities haven't not even been thought of yet.