Bitcoin is different from the digital currency, is a platform for building trust
With the arrival of 2017, the coin circle of the most revered figures in his new book, “AndreasMAntonopoulos” (TheInternetofMoney) in the currency of the Internet to share their expertise. The book includes his three years to participate in all lectures, courses and interview outline, and he published all articles.
The new year will be for bitcoin and digital currency world provides unlimited possibilities, so the views of Antonopoulos can bring us what enlightenment? The following are some excerpts:
What is bitcoin?
Bitcoin is a digital currency, but it is also different from the existing digital currency. Bitcoin is a digital currency as it is to say that the Internet is a new phone, sounds like a network only with email about. The monetary function is just the first step of bitcoin application. Bitcoin is a kind of technology, is a kind of currency, is a completely decentralized cross-border payment and transaction network. It does not need to rely on the bank, but do not need to rely on the government.
Money is the value of communication tool for human, is the expression of the value of products and services. Money is one of the basic social interaction, because the value of communication can produce social contact. Therefore, money is a very important part in the social structure.
Privacy, identity authentication, surveillance and currency
I don’t have Swiss bank account, but I have the whole Swiss bank.
Innovation, subversion and bitcoin
Bitcoin because of its openness will become the final winner. In this full of action and the world, openness will prevail. Because it can promote cutting-edge technology innovation.
The dumb network, innovation and the Carnival
Bitcoin is a dummy network (dumbnetwork), which is one of the most significant and most important characteristics.
Run a new application or innovation just add in terminal in the dumb network. Because the dummy network can support affordable smart devices, you don’t need to make any improvements on network.
Different bitcoin and most of the financial network, not trapped in the tragedy of . You can’t innovate in the traditional financial network. VISA innovation winners have themselves; so is MasterCard’s reform and innovation; the new function of SWIFT deployment, the consumer is unable to feel; if the United States bank launched innovative solutions, they will ensure their competitiveness, to ensure that other banks will not misuse their scheme.
This phenomenon is not just due to the exclusion principle; but because of the tragedy of the commons. However, in the field of bitcoin, you will only see the carnival. Bitcoin will only use because of the frequent deployment and develop better and better.
The next 15 to 20 years of reform, we will witness the infrastructure of the financial industry.
Money is a kind of language
Money is a way of expression, is a language tool, it no longer dominate the issuer. We are the masters of money, because only the user can decide the use of money, the user is given the value of money.
We will start the currency as a kind of application, so we need a unified interface to display the monetary experience, the future of our wallets may contain 150 different currencies.
Bitcoin design principles
Bitcoin represents a complete break and the advent of the past, so you understand the traditional currency but not conducive to the understanding of bitcoin.
Bitcoin design. It is created by engineers, is too profound to be understood.
Currency = content type
Bitcoin transactions can be carried out through the extremely unsafe Wi-Fi; can also use smoke signals, signal lights, and even pigeons to complete. The content of the information will not be stolen.
In today’s world, the currency has gradually evolved into a type of content. However, defenders of the traditional pay system still stubbornly believe that the bank is the representative nature of currency. They are indeed representative of currency in nature, but can not determine the nature of the local currency.
The principle of trust
Bitcoin’s not what you think. It is a platform, not a payment network, also is not a currency, nor a banking system. It is a platform to ensure that there is trust.
I can draw a lot of people can not imagine the scene: one day in 1992, I took an afternoon to the network all the “shopping for a time. Because at that time a total of only two websites online. I thought, my God, the problem is too serious! The expansion of the Internet is not possible.
Bitcoin is the lack of capacity expansion. If we are lucky enough, bitcoin will like the Internet, can the expansion in the next 25 years.
Every year, the next generation of applications are not expansion, while the generation of application can be successful expansion.
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