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This is the second part of the answer to the question: "What are the rules within Bitcoin?" How does robust consensus and decentralized decision-making affect the predictability of the system? How does this compare to certainty and predictability within traditional financial institutions, such as interest rate changes? I can't predict what the U.S. interest rates will be next year, but I can predict what the rate of distribution (block reward) of bitcoin will be in 100 years. Minutes from Federal Reserve meeting: https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20170614.pdf Watch Part 1 here: https://youtu.be/VnQu4uylfOs Chapters 0:00 How does robust consensus and decentralized decision-making affect the predictability of the system? 1:17 That is one of the rules that's not going to change; if you change that rule, it's not Bitcoin anymore 1:43 This is not based on arbitrary decisions by people, it's based on mathematics This is part of a talk which took place on July 7th 2017 at a Bloktex event hosted by the Wisma BeeOn Group in Kuala Lumpur, Malaysia: https://antonopoulos.com/event/the-future-of-money-kuala-lumpur-malaysia/ Watch the full talk here: https://youtu.be/HaJ1hvon0E0 RELATED: Bitcoin: Where the Laws of Mathematics Prevail - https://youtu.be/HaJ1hvon0E0 Forkology: A Study of Forks for Newbies - https://youtu.be/rpeceXY1QBM SegWit, scaling, and consensus - https://youtu.be/Jc7mrR6AAto Fee market, SegWit, and scaling - https://youtu.be/zxt-FLzZPhg Scaling is a moving target - https://youtu.be/pT9kJq_Ogrk The scaling rites of passage - https://youtu.be/rZi86_ovB3Y What is the biggest threat? - https://youtu.be/1-XUbH1F0Os Is Bitcoin a democracy? - https://youtu.be/TC3Hq76UT5g Governance trade-offs in decentralised systems - https://youtu.be/dtwaW79Fj7c Bitcoin & Blockchain in Norway - https://youtu.be/5ODDCx6VL2Y The end of vampire-squid financing - https://youtu.be/yyXOQG5iNWo Rules vs. Rulers - https://youtu.be/9EEluhC9SxE The Currency Wars and Bitcoin's Neutrality - https://youtu.be/Bu5Mtvy97-4 The Killer App: Engineering the Properties of Money - https://youtu.be/MxIrc1rxhyI 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: 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. THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8 MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042 [NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388 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: https://www.patreon.com/aantonop Music: "Unbounded" by Orfan (https://www.facebook.com/Orfan/) Outro Graphics: Phneep (http://www.phneep.com/) Outro Art: Rock Barcellos (http://www.rockincomics.com.br/) Join the aantonop Channel: https://aantonop.io/joinaantonopyt
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