Crypto 101 | VIDEO: Andreas Antonopoulous: Ethereum Q&A: Altcoin...

Andreas M. Antonopoulos is an early pioneer, adopter & educator in the Bitcoin/Crypto space if you have not heard of him.

He routinely puts out some of the best information going. He speaks plainly and simply with some humour!

-- Andreas' Logo he uses for his branding, he is fun. That is the top of his head, looking down.

LOL.

He travels the world preaching the Bitcoin, Liberty, Crypto and Blockchain gospel and is one of the most well respected lecturers and teachers in the crypto world!

I always include a library of AA's videos in these posts, just like he does in every one of his YT channel videos. These are things for you to use, save, watch, share, and learn from if you have time now or come back to later if you wish. It's here to help you, with extra resources.

This resource showed up in my email inbox recently, have a watch, share it with those who are learning.

Follow Andreas & Barry on Twitter:

https://twitter.com/aantonop

https://twitter.com/BarryDutton

Published on 4/27/2017

Zcash and Ethereum as alternatives to Bitcoin. I'm very interested in both, I have used & run nodes for them, and experimented with the testnet. But not as "alternatives," rather as complements to Bitcoin that specialise. My argument has been that Bitcoin and Ethereum do not compete directly. Many of the characteristics that they have chosen to differentiate in make them unable to do what Bitcoin does. Bitcoin has been doing it longer, so there is network-effect as well. In the short term, they do compete indirectly for the attention of developers and speculative investors; as a technology, they do not compete any more than a lion competes with a shark.

It is about choosing platforms that fit a particular niche or purpose. Are you doing complex smart contracts that require flexibility? Ethereum. Do you want robust store-of-value without consensus failures? Bitcoin. Zcash is making trade-offs for privacy and anonymity. Conservatism vs. an attitude of 'move fast, break things.' You don't reconcile them, you choose the thing that fits the niche and is adapted to that particular environment.

(3:49) Are Ethereum, Zcash, and other altcoins competing with Bitcoin because of the blocksize and scaling debate? Will Bitcoin apps and startups considering moving over high fees and the delay in implementing the Lightning Network? It is ridiculous that they are competing over this debate. Ethereum scales worse than Bitcoin, and Zcash scales worse than Ethereum. The fact that they haven't been hit with a major scalability issue yet is because they haven't actually scaled yet. Ethereum will do sharding? Bitcoin will do it too, and do it 10x more efficiently. The idea that you would take your application out of Bitcoin "because it isn't scaling" and move it over to Ethereum or Zcash, which have worse scalability issues, is a bad trade-off.

Scaling is not easy and there are no easy answers. Money frequently drains out of bitcoin into altcoins during times of stress, but it doesn't last very long because they use the price increases to buy more bitcoin, and the entire market cap of the ecosystem grows overall. This allows us to test the limits of all the cryptocurrencies; they will all have governance problems that they will have to mature through to survive. The reason you're still dry is you haven't left the harbor yet.

Andreas with a great quote here!

alt

Even More:

The Lightning Network -

Lightning, full nodes, and miners -

Bitcoin & Blockchain in Norway -

What happens to transaction fees when the block reward is zero? -

Rules vs. Rulers -

Governance and the transaction fee market -

Scaling is a moving target -

Why we should worry about optimization, not scaling -

Altcoins and the scaling debate -

The Scaling Rites of Passage -

Is Bitcoin development centralised? -

QUESTION & ANSWER:

The separation of money and state -

The end of vampire-squid financing -

Why we should worry about optimisation, not scaling -
The Lightning Network -
Lightning, full nodes, and miners -
Bitcoin, Lightning, and Streaming Money -
Rules vs. Rulers -
The Scaling Rites of Passage -
Altcoins and the scaling debate -
Unlimited vs. Cypherpunks -

QUESTION & ANSWER:

Scaling is a moving target -
ICOs and financial regulation -

What happens to our bitcoins during a hard fork? -
The dangers of hard forks in protocol evolution -
Hard forks and the cultural mulligan -
Open source as cross-pollination & consensus through collaboration -
The Lion and the Shark: Divergent Evolution in Cryptocurrency -
Bitcoin: A new species of money - an evolutionary perspective on currency -
Evolving layered technologies in cryptocurrecy -
The Scaling Rites of Passage -
Ethereum: Consensus vs. Immutability -
LTB Live: TheDAO, ETH, Soft-Fork, DoS and what's next -
Unlimited vs. Cypherpunks -

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

Follow on Twitter: Hive account@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...

MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bi...