Bitcoin Q&A: Global financial crisis (GFC)
The coming global financial crisis (GFC). What will happen in Bitcoin and other cryptocurrencies? Some people are a bit gleeful about the idea of a global financial crisis, that it will "send bitcoin to the moon." Beware what you wish for. Small-scale regional crises could show people why alternative systems (to protect against inflation and currency controls, for refugees to send money home, etc) are better and give them an opportunity to escape. Remember that such events would cause investment to dry up. During the crisis in Greece, people didn't flock to buy gold or bitcoin, because they didn't have any money in the bank! They took out their paychecks as fast as they could and tried to make it until next week. Ugly, sudden, painful crises kill, imprison, and persecute a lot of people. Gradual, non-violent transitions to superior systems are obviously preferred. The way to achieve success is through informed choice, not desperation. You're all here because you chose to be, and that's how we'd like to keep it. This is part of a talk which took place on June 6th 2017 at a joint meet-up with Blockchain Professionals, BitcoinSYD and SydEthereum in Sydney, Australia: http://ift.tt/2skVDoZ Watch the full talk here: https://youtu.be/rpeceXY1QBM RELATED: Will Bitcoin save us from a global currency crisis? - https://youtu.be/U3S7vQrNOAI What will replace our current banking system after the currency crisis? - https://youtu.be/XKG_8_GLWXA Trump and the economic crisis - https://youtu.be/GUXnj99s_Ko The Currency Wars and Bitcoin's Neutrality - https://youtu.be/Bu5Mtvy97-4 The War on Cash and Crypto - https://youtu.be/BAlRKfvBnvw How will the currency war effect companies? - https://youtu.be/c9MIM2vZUZc Divisibility and deflationary money - https://youtu.be/xhLgxX_wU6E The separation of money and state - https://youtu.be/jGmtRA9S7_Y The end of vampire-squid financing - https://youtu.be/yyXOQG5iNWo A voluntary alternative to mandatory currencies - https://youtu.be/5ogv3Eya9nQ 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: @aantonop https://twitter.com/aantonop Website: http://ift.tt/1lek8e4 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: http://ift.tt/2o8HU2S MASTERING BITCOIN: http://ift.tt/2g7r3G5 [NEW] MASTERING BITCOIN, 2nd Edition: http://ift.tt/2qUfKqY 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: http://ift.tt/2sNQjZ3 Outro Music: "Unbounded" by Orfan (http://ift.tt/2o8tuA5) Outro Graphics: Phneep (http://www.phneep.com/) Outro Art: Rock Barcellos (http://ift.tt/1HKZSHT)
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