In this talk, Andreas covers the history of financial regulation in the United States, and how banks became the cop of last resort in countries around the world.
starting at 10:15, this man throws heat. Sharing on all social media. fuck my fellow law students that allow this shit
He is right about he's said but he's also a marked man.
Andreas, what are your thoughts on Web 3.0 projects and the idea of data capitalisation? If you are interested you should take a look into Elastos!
Tell em G
Andreas is on FIRE. WOW!
Vis a vis US, I'd submit these bank rules also likely violate US Constitution's 4th Amendment (search/seizure) + 14th Amendment (Due Process).
A fan
Suhhh…weet! Antonopoulos always expands my mind! I've never thought about banks being the enforcement arm of last resort of an entrenched and highly unethical establishment. But if the shoe fits…
8:00: I believe Andre makes an error in stating that CO banks enforce nonexistent law in refusing deposits from pot businesses. Marijuana possession and sale remains a legislated federal criminal offence. This can be changed legislatively.
Andreas's description of the situation in world banking is certainly accurate. Government's have co-opted banks to perform surveillance in the name of (false) security which, in turn, has given the largest banks cartel power. However, I don't see how—currently—-Bitcoin (or crypto in general) solves this problem. Government's can control access to the internet—they can and have shut down access in some regions of the world. Governments regulate the crypto exchanges. Mining is being performed by a relatively small number of nodes which are hardly hidden or out of the reach of governments —-possibly they'll be the next government target for regulation.
Only if an individual has successfully navigated some regulated crypto exchange and has moved Bitcoin into his/her wallet is the friction to some economic activity (within that domain) removed. And while our nearly friction-less Bitcoin activity is pseudonymous it isn't private. Government's can easily monitor activity and (apparently) with varying degrees of success link activity to some (or perhaps many) entities. If news reports are to be believed Law Enforcement is getting better at seizing crypto currency from entities in their sights. I don't see any relief from government surveillance and regulation anywhere in the world yet this is where the problem lies.
At the moment Bitcoin (and I assume the other crypto-currencies as well) is largely being used as a speculative commodity with large enough swings in relative value that it seems unusable as a medium of exchange—–but isn't this the function most needed by the unbanked? So until employers start paying the unbanked in Bitcoin and the price of Bitcoin becomes more stable the unbanked are likely to remain unbanked. What the blockchain is particularly good at is preventing governments, their agents and other bad actors from stopping or altering transactions or altering the history of transactions. As untrustworthy as governments have shown themselves to be this is no small feat. How one goes from that point to allowing us—the great unwashed—-to avoid the friction of surveillance, regulation and intrusion to engage in economic activity isn't easy to see.
I didn't know this guys was a leftist..sad.
"For twenty thousand years evil people could use cash, the original peer to peer currency"… Yeh. Right. Thanks Andreas.
Andreas is shilling a completely false narrative. Sorry Andreas. Your Ideologically motivated ignorant claptrap is wearing thin.
Oh yeah, "The first known currency was created by King Alyattes in Lydia, now part of Turkey, in 600BC. The first coin ever minted features a roaring lion. Coins then evolved into bank notes around 1661 AD. The first credit card was introduced in 1946."
This man is a legend
sharing this on my twitter and fb crypto accounts…absolutely brilliant
Love your brain and your work, but actually, Obama countered US National Security Advisors and Military recommendations all the time, often putting America at risk. This in reference to the beginning when you said submarines in US don't need approval from guy in a black suit.
Thank you Andreas! Just a reminder, Psalm 24:1
The earth is the LORD'S, and all it contains, The world, and those who dwell in it.
❤️
Brilliant as always,AA+!;)
Bank disruptor: Celsius Network
Hi
What is being built, is a means to control and rule people in a totally unprecedented way. Total, complete, electronic, rule and surveillance.
The "crypto freedom" will be brief and end violently.
16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
If you think the "banks & government" are going to let people have freedom, you're bonkers. Buckle up.
It's like listening to someone explain my frustrations and objectives, but better than I could myself. Antone who has not seen the monkey experiment should bring it up on You Tube, I watched it years ago and it never ceases to make me laugh.
the same people behind the transparency laws around banking transactions use secretive offshore accounts. Via an expensively impenetrable web of legal/accounting complexity, THEIR spending is essentially untraceable/anonymous.
The UK's 'brexit' debacle is ALL about the UK banks ("The City") and various other wealth/power, keeping those accounts, and their revealing/incriminating money trails, secret . ANYTHING to keep them away from the new EU laws on financial transparency, traceability. ….including leaving the EU via a pack of lies (which will apparently decimate the UK economy)and illegally closing parliament. That's how little we all mean to wealth/power, and that's also how incriminating they must know those money trails to be.
i did not like banks before. Now after this i hate them..
Andreas is by far the BEST at breaking the corruption all down
I love this guy. Amazing video!
The big issue with Bitcoin the Entering is been control by Bitcoin exchange which following the current banking system rules you have submit your ID And address and bank statement before you can buy Bitcoin The question how come a great idea like Bitcoin been simply controlled by exchange why not the miners pools sell it directly to people
You know, the F-word is rude. It means rape them, not Iove them. It's not cultured, hip, or civil.
The greatest of all time!
Solidarity! Thank you for doing what you do!
What if a government started using bitcoin to pay citizens or armies. What would happen is there a country that does that?
Thanks Andrea's! Awesome talk as always:)
Andreas keeps fighting the good fight. Kudos!
This is such a great video thank you Andreas
Brilliant! But origin story is incorrect, sorry.
this guuy loves organized crime…yeah lets just let any old human trafficker run money through our banks
We in Australia are facing a possible $10,000.00 cash ban bill, that will go to a zero cash ban when bank interest rates go to zero interest and beyond..The reason for this intrusive bill, we have been told, is to stop the black economy. If this bill is passed you can go to jail by using what once was legal tender. I have to ask myself am I now living in a totalitarian state or is this just a weird dream?
Interesting talk, but not realistic. If I have no money because I am poor, I have no bit coins either. lf on the other hand I have lots of money, I can afford to buy as much bit coin as I wish. So what is to stop the central bankers just buying up all the bit coins? And how would you know that they haven't already done that? After all, they can create the cash at no cost. I have to work for mine.
Best talk ever..
sounds like a problem ripple is trying to solve
Rabbit hole here I am
starting at 10:15, this man throws heat. Sharing on all social media. fuck my fellow law students that allow this shit
He is right about he's said but he's also a marked man.
Andreas, what are your thoughts on Web 3.0 projects and the idea of data capitalisation? If you are interested you should take a look into Elastos!
Tell em G
Andreas is on FIRE. WOW!
Vis a vis US, I'd submit these bank rules also likely violate US Constitution's 4th Amendment (search/seizure) + 14th Amendment (Due Process).
A fan
Suhhh…weet! Antonopoulos always expands my mind! I've never thought about banks being the enforcement arm of last resort of an entrenched and highly unethical establishment. But if the shoe fits…
8:00: I believe Andre makes an error in stating that CO banks enforce nonexistent law in refusing deposits from pot businesses. Marijuana possession and sale remains a legislated federal criminal offence. This can be changed legislatively.
Andreas's description of the situation in world banking is certainly accurate. Government's have co-opted banks to perform surveillance in the name of (false) security which, in turn, has given the largest banks cartel power. However, I don't see how—currently—-Bitcoin (or crypto in general) solves this problem. Government's can control access to the internet—they can and have shut down access in some regions of the world. Governments regulate the crypto exchanges. Mining is being performed by a relatively small number of nodes which are hardly hidden or out of the reach of governments —-possibly they'll be the next government target for regulation.
Only if an individual has successfully navigated some regulated crypto exchange and has moved Bitcoin into his/her wallet is the friction to some economic activity (within that domain) removed. And while our nearly friction-less Bitcoin activity is pseudonymous it isn't private. Government's can easily monitor activity and (apparently) with varying degrees of success link activity to some (or perhaps many) entities. If news reports are to be believed Law Enforcement is getting better at seizing crypto currency from entities in their sights. I don't see any relief from government surveillance and regulation anywhere in the world yet this is where the problem lies.
At the moment Bitcoin (and I assume the other crypto-currencies as well) is largely being used as a speculative commodity with large enough swings in relative value that it seems unusable as a medium of exchange—–but isn't this the function most needed by the unbanked? So until employers start paying the unbanked in Bitcoin and the price of Bitcoin becomes more stable the unbanked are likely to remain unbanked. What the blockchain is particularly good at is preventing governments, their agents and other bad actors from stopping or altering transactions or altering the history of transactions. As untrustworthy as governments have shown themselves to be this is no small feat. How one goes from that point to allowing us—the great unwashed—-to avoid the friction of surveillance, regulation and intrusion to engage in economic activity isn't easy to see.
I didn't know this guys was a leftist..sad.
"For twenty thousand years evil people could use cash, the original peer to peer currency"… Yeh. Right. Thanks Andreas.
Andreas is shilling a completely false narrative. Sorry Andreas. Your Ideologically motivated ignorant claptrap is wearing thin.
Oh yeah, "The first known currency was created by King Alyattes in Lydia, now part of Turkey, in 600BC. The first coin ever minted features a roaring lion. Coins then evolved into bank notes around 1661 AD. The first credit card was introduced in 1946."
This man is a legend
sharing this on my twitter and fb crypto accounts…absolutely brilliant
Love your brain and your work, but actually, Obama countered US National Security Advisors and Military recommendations all the time, often putting America at risk. This in reference to the beginning when you said submarines in US don't need approval from guy in a black suit.
Thank you Andreas! Just a reminder, Psalm 24:1
The earth is the LORD'S, and all it contains, The world, and those who dwell in it.
❤️
Brilliant as always,AA+!;)
Bank disruptor: Celsius Network
Hi
What is being built, is a means to control and rule people in a totally unprecedented way. Total, complete, electronic, rule and surveillance.
The "crypto freedom" will be brief and end violently.
16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
If you think the "banks & government" are going to let people have freedom, you're bonkers. Buckle up.
It's like listening to someone explain my frustrations and objectives, but better than I could myself.
Antone who has not seen the monkey experiment should bring it up on You Tube, I watched it years ago and it never ceases to make me laugh.
the same people behind the transparency laws around banking transactions use secretive offshore accounts. Via an expensively impenetrable web of legal/accounting complexity, THEIR spending is essentially untraceable/anonymous.
The UK's 'brexit' debacle is ALL about the UK banks ("The City") and various other wealth/power, keeping those accounts, and their revealing/incriminating money trails, secret . ANYTHING to keep them away from the new EU laws on financial transparency, traceability. ….including leaving the EU via a pack of lies (which will apparently decimate the UK economy)and illegally closing parliament. That's how little we all mean to wealth/power, and that's also how incriminating they must know those money trails to be.
i did not like banks before. Now after this i hate them..
Plan B!
kick ass Andreas…
14:56
Shoulda teleported
Andreas is by far the BEST at breaking the corruption all down
I love this guy. Amazing video!
The big issue with Bitcoin the Entering is been control by Bitcoin exchange which following the current banking system rules you have submit your ID And address and bank statement before you can buy Bitcoin
The question how come a great idea like Bitcoin been simply controlled by exchange why not the miners pools sell it directly to people
You know, the F-word is rude. It means rape them, not Iove them. It's not cultured, hip, or civil.
The greatest of all time!
Solidarity! Thank you for doing what you do!
What if a government started using bitcoin to pay citizens or armies. What would happen is there a country that does that?
Thanks Andrea's! Awesome talk as always:)
Andreas keeps fighting the good fight. Kudos!
This is such a great video thank you Andreas
Brilliant! But origin story is incorrect, sorry.
this guuy loves organized crime…yeah lets just let any old human trafficker run money through our banks
We in Australia are facing a possible $10,000.00 cash ban bill, that will go to a zero cash ban when bank interest rates go to zero interest and beyond..The reason for this intrusive bill, we have been told, is to stop the black economy. If this bill is passed you can go to jail by using what once was legal tender. I have to ask myself am I now living in a totalitarian state or is this just a weird dream?
Interesting talk, but not realistic. If I have no money because I am poor, I have no bit coins either. lf on the other hand I have lots of money, I can afford to buy as much bit coin as I wish. So what is to stop the central bankers just buying up all the bit coins? And how would you know that they haven't already done that? After all, they can create the cash at no cost. I have to work for mine.