Thursday, December 21, 2017

Bitcoin Q&A: Intrinsic vs. extrinsic assets

Are blockchains useful for supply chain transparency, disintermediation, and integrity control? To some extent, but there is a big difference between models that use intrinsic, native assets vs. extrinsic assets. The latter is currently very difficult to do in a decentralized way or without reintroducing counter-party risk. You need to think about this problem not only as a technologist but from the perspective of each of the human components involved. Sometimes the more you try to apply technical solutions, the easier it is for that system to be gamed by human ingenuity.

Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.

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.
This is part of a talk which took place at the Bitcoin Open Blockchain (BOB) community event on October 29th 2017 at the mHUB innovation center in Chicago, Illinois: Watch the full talk here: RELATED: Immutability and Proof-of-Work: The Planetary Scale Digital Monument - Proof-of-Work (PoW), Proof-of-Stake (PoS), Delegated Proof-of-Stake (DPoS) - Consensus with decentralized oracles and real-world variables - What is mining? - Solar energy and mining in space - What should not go on a blockchain? - The 14nm limit, decentralization, and renewable-energy mining - Follow on Twitter: @aantonop Website: 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: Intrinsic vs. extrinsic assets Rating: 5 Reviewed By: BUXONE