What is money? It’s a question that many of us don’t stop to think and ask. Most of us, for most of our lives, have no concrete understanding of how our monetary systems actually work–we all just take each transaction for granted. But how does it all work? Why is it we do business and transact the way that we do? What if we rethought the way we transact?
Imagine a world where money is a decentralized, programmable computer protocol. No central banks, no focal points of control–a border-less transfer of value that is secure, liquid and lightning-fast. Sounds idealistic, right? That future may be coming sooner than you think…
In this video, Andreas Antonopoulos, a widely-notarized and quoted Bitcoin believer, not only provides a brief overview of what Bitcoin actually is, but also how it will influence and change nearly every aspect of our lives.
“It turns out that money is a language. A language in which humans use to express value to one another. A language is one of the fundamental constructs of civilization that allows us to exceed… the scale of a single tribe and engage in commerce with others on a greater scale,” states Antonopoulos.
Antonopoulos talks about how in this new world, Bitcoin is the “first-mover” in what is being called the ”internet of money,” and he says it will revolutionize the internet itself!
Antonopoulos goes to explain the purpose of the blockchain. “[Outsiders] will create these intranets, they will claim victory, they will turn around, and they will say, ‘We invented blockchain!’ and they will be wrong, and they will fail because the real principle, the real exciting thing about this technology is not the blockchain which is a database artifact that is created out of this protocol. It is the ability to achieve distributed consensus among parties that don’t trust each other across great in-state distances without any central party without any authority.”
Antonopoulos provides a great starting point for those of you who are completely new to Bitcoin and cryptocurrencies and want to understand the potential of this amazing technology.
Antonopoulos concludes by saying that just like money, one does not need to understand the blockchain and cryptocurrency in order to use it. However, those who do understand the nature of the complex system will be able to forge it into a tool to benefit them.