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 Therefore the framework of money transmission laws is obsolete and fatally undermined.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 - Decentralization and the Architecture of Trust - Bitcoin: Where the Laws of Mathematics Prevail - Hard Promises, Soft Promises: Promoting Autonomy Instead of Authority - Open Blockchains for Cashless Developed Economies - The Digital Currency Commons - The Killer App: Engineering the Properties of Money - Decentralized power, leaderless governance - Is Bitcoin a democracy? - Will governments ban cryptocurrencies? - The Switzerland of currencies - The separation of money and state - Unstoppable code - Global financial crisis (GFC) - 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. THE INTERNET OF MONEY, v1: [NEW] THE INTERNET OF MONEY, v2: MASTERING BITCOIN: [NEW] MASTERING BITCOIN, 2nd Edition: 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: Music: "Unbounded" by Orfan ( Outro Graphics: Phneep ( Outro Art: Rock Barcellos (


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