Bitcoin: Dumb Networks, Innovation and the Festival of the Commons

In this talk, Andreas speaks about permissionless innovation in Bitcoin's network architecture, and the economics of open systems that enable a festival of the commons.

This talk was delivered on January 27th 2015, at the O'Reilly Radar Summit "Bitcoin and the Blockchain" in San Francisco, CA: https://conferences.oreilly.com/bitcoin-blockchain-2015

Video is licensed CC-BY

CORRECTION: At 13:12, I said that multi-signature transactions were added to Bitcoin and the first multi-sig wallet deployed in 2014. This is not true. The BIPs for multi-sig were finalized in 2011 and 2012. Multi-sig was being used prior to 2014, but only a very small percentage of bitcoin was held in multi-sig addresses, and no consumer-facing multi-sig wallets were available. BitGo deployed a multi-sig wallet in August 2013.

"M-of-N Standard Transactions" (BIP-11) -https://github.com/bitcoin/bips/blob/master/bip-0011.mediawiki "Pay to Script Hash" (BIP-16) - https://github.com/bitcoin/bips/blob/master/bip-0016.mediawiki "OP_CHECKHASHVERIFY" (BIP-17) - https://github.com/bitcoin/bips/blob/master/bip-0017.mediawiki

RELATED: LABitConf Fireside Chat: Becoming a Bitcoin Educator - https://youtu.be/0CLJdfMgKhI The Courage to Innovate Without Permission - https://youtu.be/ywq6NBETUJ8 Measuring Success: Price or Principle - https://youtu.be/mPMsbgWl9p4 Why Open Blockchains Matter - https://youtu.be/uZPIz3ArQww Decentralised Globalisation - https://youtu.be/QoiR4aNbTOw Investing in Education instead of Speculation - https://youtu.be/6uXAbJQoZlE Security vs. Complexity - https://youtu.be/M82t5wZG3fc Beyond Price: Bitcoin's Impact on the Future - https://youtu.be/rvwVbRQ5Ysc

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

Follow on Twitter: @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.

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MASTERING BITCOIN, 2nd Edition: https://amzn.to/2xcdsY9

Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/

THE INTERNET OF MONEY, v1: https://amzn.to/2ykmXFs

THE INTERNET OF MONEY, v2: https://amzn.to/2IIG5BJ

Translations of THE INTERNET OF MONEY: Spanish, 'Internet del Dinero' (v1) - https://amzn.to/2yoaTTq French, 'L'internet de l'argent' (v1) - https://www.amazon.fr/Linternet-largent-Andreas-M-Antonopoulos/dp/2856083390 Russian, 'Интернет денег' (v1) - https://www.olbuss.ru/catalog/ ... https://www.youtube.com/watch?v=x8FCRZ0BUCw