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Bitcoin Q&A: Borderless money



Are cryptocurrencies subject to the same border restrictions as foreign currency and cash? Where are bitcoins "located"? What happens when money is data? What are the geopolitical implications of borderless money? Bitcoins 'live' on the blockchain, on a global network, in "the cloud." When you make a transaction, bitcoin is not transmitted anywhere; it simply changes ownership. National "flag" money went from being a store of value, medium of exchange, and unit of account into a system-of-control for playing political games. It removes the power of central banks to take entire populations hostage under hyperinflation experiments. Therefore the framework of money transmission laws is obsolete and fatally undermined. This is part of a talk which took place at Pebble Beach for the Capgemini CXO Forum on November 1-3rd 2017 in Monterey, California. RELATED: Money as a System-of-Control - https://youtu.be/FyK4P7ZdOK8 Decentralization and the Architecture of Trust - https://youtu.be/wSRN8PUhHX0 Bitcoin: Where the Laws of Mathematics Prevail - https://youtu.be/HaJ1hvon0E0 Hard Promises, Soft Promises: Promoting Autonomy Instead of Authority - https://youtu.be/UJSdMFPjW8c Open Blockchains for Cashless Developed Economies - https://youtu.be/eo-0BgrKxiI The Digital Currency Commons - https://youtu.be/nYBKWrqR4I8 The Killer App: Engineering the Properties of Money - https://youtu.be/MxIrc1rxhyI Decentralized power, leaderless governance - https://youtu.be/E5VbDlQTPzU Is Bitcoin a democracy? - https://youtu.be/TC3Hq76UT5g Will governments ban cryptocurrencies? - https://youtu.be/LIQkuF_I5Xo The Switzerland of currencies - https://youtu.be/pV83Qmy578c The separation of money and state - https://youtu.be/jGmtRA9S7_Y Unstoppable code - https://youtu.be/AQx3E3F8Kz4 Global financial crisis (GFC) - https://youtu.be/JU3gNC_ZPKM 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 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... [NEW] THE INTERNET OF MONEY, v2: https://www.amazon.com/Internet-Money... MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bi... [NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitc... Subscribe to the channel to learn more about Bitcoin & open blockchains! If you want early-access to talks and a chance to participate in a monthly LIVE Q&A with Andreas, become a patron: https://www.patreon.com/aantonop Music: "Unbounded" by Orfan (https://www.facebook.com/Orfan/) Outro Graphics: Phneep (http://www.phneep.com/) Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)

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Item Reviewed: Bitcoin Q&A: Borderless money Rating: 5 Reviewed By: PRASHANT ENTERPRISES