45:34

Ep. 05 Dec 6, 2018

Pamela Morgan on Inheritance Planning for Crypto-Assets

In this episode I am talking with Pamela Morgan. She is the author of “Crypto-Asset Inheritance Planning: A Simple Guide for Owners” a book about strategies to store your private keys for bitcoin and other digital assets safely for your heirs. Pamela is an educator, attorney and entrepreneur. She has studied Business and Computer Programming before pursuing a Juris Doctors degree. In early 2015 Pamela has founded Thirdkey solutions (with Andreas M. Antonopoulos as CTO), a key consulting firm that works with individuals and organizations to improve the security of their crypto-holdings and ensure these assets are accessible in the event of crisis, death, or disaster. “There are two sides to all inheritance planning with crypto assets. Your technical plan must match your legal plan otherwise you’re gonna end up with a legal problem.” – Pamela Morgan “Multisignature changes custody, you basically going from don’t be evil, don’t take the money of your clients to can’t be evil.” – Pamela Morgan “The major reasons why people lose their crypto-assets: Nr 1 They don’t backup their wallets; Nr 2 They don’t find the backups anymore or separate it.” – Pamela Morgan “Never send all your money to a new wallet. 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33:33

Ep. 04 Nov 22, 2018

Blockchain and Data Privacy with Lawyer Prof. Nikolaus Forgó

Prof. Dr. Nikolaus Forgó is the Head of the Department of Innovation and Digitalisation in Law at the University of Vienna in Austria. We are talking about the implications of GDPR on Blockchains. What should Blockchain developers do? Where can data protection law be a problem? What are the most important regulations you should invest your 2 minutes of time on. Interdisciplinarity is always very popular and it’s very hard to live. – Prof. Dr. Nikolaus Forgó I don’t trust anybody predicting the future. – Prof. Dr. Nikolaus Forgó The importance of nation states is decreasing. – Prof. Dr. Nikolaus Forgó As long as the volatility problem is not solved I do not think that the average enduser will use Bitcoin for day-to-day payments. – Prof. Dr. Nikolaus Forgó The huge potential is that the banks and trustees might not longer be needed. – Prof. Dr. Nikolaus Forgó My interest at the moment is in how far the whole ecosystem can be replaced by blockchain technologies no longer needing trustees. – Prof. Dr. Nikolaus Forgó Take data protection serious, but not too serious. – Prof. Dr. Nikolaus Forgó Law is always late when it comes to technolgical developments including blockchain. If you simply read GDPR you will see quickly that this is not really practical on the average blockchain. It’s a constant challenge to try to adapt those outdated legal instruments on newly approaching phenomenons. – Prof. Dr. Nikolaus Forgó Sponsors Order a Card Wallet here and get 20% off! (time-limited) Support the podcast Share the podcast with friends and family! Subscribe to my newsletter Subscribe to the podcast on Apple Podcast | Spotify | Google Podcast | YouTube | Pocket Casts | Castbox | Stitcher | TuneIn | RSS Feed Give a 5 stars recommendation on Apple Podcast Follow me on Twitter | YouTube | LinkedIn Donations Do you like what you hear? If yes, then please support my podcast. Every donation is used to produce episodes, finance travel costs and make the show better. Every donor, will be invited to my exclusive Telegram group with personal background stories and updates. Send me a short message with your Telegram ID after donating and I will add you. Donate with PayPal Donate with BTC Donate with Lightning Der Beitrag Blockchain and Data Privacy with Lawyer Prof. Nikolaus Forgó erschien zuerst auf The Anita Posch Show.

49:24

Ep. 03 Nov 6, 2018

Bitcoin and the Austrian School of Economics with Rahim Taghizadegan

In this episode I talk with Rahim Taghizadegan about the interconnections between a cryptocurrency like Bitcoin and the ideas and philosophy of the Austrian School of Economics and we take a look at the broader picture, the economical context. What is money? How did mass-consumerism arise? Are cryptocurrencies a chance to change the existing economy, which is based on credit expansion, to the better? Rahim is an economist, book author and principal of the Scholarium, a learning enterprise based in Vienna, Austria. He studied physics, sociology and economy and is an expert on the Austrian School of Economics. The Austrian School of Economics has proved itself to be a more realistic outlook at the financial markets. – Rahim Taghizadegan, economist, book author and philosopher The Austrian School of Economics has helped some people to better survive the up and downs of the market. – Rahim Taghizadegan, economist, book author and philosopher It’s only with uncertainty that you have entrepreneurship and its only with uncertainty that you need money. – Rahim Taghizadegan, economist, book author and philosopher Money is an emergent complex phenomenon. Money is not a concrete object in the world, but a phenomenon. It appears out of human interaction. – Rahim Taghizadegan, economist, book author and philosopher I think with cryptocurrencies we see the very interesting phenomenon of something emerging at the fringes of society, it’s people trying out different things, playing with things and that is the usual way how innovation happens. – Rahim Taghizadegan, economist, book author and philosopher China and Russia have a top down approach so they have not really welcomed cryptocurrencies. They should have, I think, because right now, the cryptocurrencies would be mainly a challenge for the Dollar. Going into cryptocurrencies reflects the reduced trust in the US-Dollar as the main reserve currency. – Rahim Taghizadegan, economist, book author and philosopher We have an everything bubble now. We need something to hedge against. There would be a much bigger need for cryptocurrencies if they would provide countercyclical assets which are not just a result of the increase of the money supply. – Rahim Taghizadegan, economist, book author and philosopher It’s pretty obvious that Satoshi Nakamoto has read Hayek and Mises. I can see the traces. – Rahim Taghizadegan, economist, book author and philosopher Sponsors Order a Card Wallet here and get 20% off! (time-limited) Support the podcast Share the podcast with friends and family! Subscribe to my newsletter Subscribe to the podcast on Apple Podcast | Spotify | Google Podcast | YouTube | Pocket Casts | Castbox | Stitcher | TuneIn | RSS Feed Give a 5 stars recommendation on Apple Podcast Follow me on Twitter | YouTube | LinkedIn Donations Do you like what you hear? If yes, then please support my podcast. Every donation is used to produce episodes, finance travel costs and make the show better. Every donor, will be invited to my exclusive Telegram group with personal background stories and updates. Send me a short message with your Telegram ID after donating and I will add you. Donate with PayPal Donate with BTC Donate with Lightning Der Beitrag Bitcoin and the Austrian School of Economics with Rahim Taghizadegan erschien zuerst auf The Anita Posch Show.

32:39

Ep. 02 Aug 15, 2018

Andreas M. Antonopoulos on Bitcoin, Privacy, Human Rights and the Future of Bitcoin

Andreas M. Antonopoulos is a best-selling author, speaker, educator, and one of the world’s foremost bitcoin and open blockchain experts with 440,000 followers on Twitter. Since 2012 he is commenting, educating and advising people, businesses and governments about Bitcoin and open Blockchains. He is known for delivering electric talks that combine economics, psychology, technology, and game theory with current events, personal anecdotes, and historical facts. Andreas has been interviewed on the BBC, Bloomberg Business, CNN, The Economist, Forbes and now he is my guest on the Bitcoin & Co. Podcast. In the next 30 minutes we discuss Bitcoin in the context of human rights, privacy, blockchain projects and their impact on society and the economy, how a multi-currency world could look like, what his first purchase with bitcoin was, which books he recommends and – being self-employed since young age – he shares his views and learnings about being an entrepreneur. As you will see Andreas M. Antonopoulos is one of the rare bitcoin and open blockchain experts who approaches the subject from an educational, political, cultural, and human perspective—not only discussing the technology in investment terms. “If we get it right, Bitcoin and Blockchains can empower human rights worldwide.” – Andreas M. Antonopoulos “In the next couple of years we will see strong anonymity and privacy protections using a combination of advanced technologies that are being developed today.”- Andreas M. Antonopoulos “A transaction worth 255 million of Euros was sent in Bitcoin and the transaction fee was 20 Cents. That is simply impossible to do with the traditional banking system.”- Andreas M. Antonopoulos “We are gradually moving into an environment where we will have tools that allow us to transfer or exchange any one of these thousands of cryptocurrencies into any of the other in a few seconds, with almost no fee at all, directly peer-to-peer.”- Andreas M. Antonopoulos “Being an entrepreneur is not about succeeding. It’s about continuing to try through success and failures.”- Andreas M. Antonopoulos Andreas and I were talking about Andreas Schildbach, one of the creators of the first bitcoin android wallet, if he is German or Austrian. He is living in Berlin, so I guess he is German. It is a great honor to meet Andreas Schildbach, creator of the first Bitcoin mobile wallet pic.twitter.com/a93DolTuhI — Andreas M. Antonopoulos (@aantonop) 29. März 2016 His books “Mastering Bitcoin” and “Internet of Money” are a must-read! @aantonop thanks for promoting mine, too. ?? #Bitcoin #openblockchains #Blockchains #cryptocurrency #books #buch https://t.co/JGNori4Cu8 pic.twitter.com/LM5tG3wWmK — Anita Posch ⚡ (@AnitaPosch) 30. Mai 2018 >> DEUTSCHE ÜBERSETZUNG Sponsors Order a Card Wallet here and get 20% off! (time-limited) Support the podcast Share the podcast with friends and family! Subscribe to my newsletter Subscribe to the podcast on Apple Podcast | Spotify | Google Podcast | YouTube | Pocket Casts | Castbox | Stitcher | TuneIn | RSS Feed Give a 5 stars recommendation on Apple Podcast Follow me on Twitter | YouTube | LinkedIn Donations Do you like what you hear? If yes, then please support my podcast. Every donation is used to produce episodes, finance travel costs and make the show better. Every donor, will be invited to my exclusive Telegram group with personal background stories and updates. Send me a short message with your Telegram ID after donating and I will add you. Donate with PayPal Donate with BTC Donate with Lightning Der Beitrag Andreas M. Antonopoulos on Bitcoin, Privacy, Human Rights and the Future of Bitcoin erschien zuerst auf The Anita Posch Show.

56:37

Ep. 01 Aug 10, 2018

Saifedean Ammous, Economist and Author of “The Bitcoin Standard”

In this episode Saifedean Ammous is talking about Austrian economics, it’s relation to Bitcoin, what sound money and inflation are, why proof-of-work is so important and his vision for money and bitcoin in the future. Also we talk about the origins of his interest in bitcoin and why many Bitcoiners are carnivores. Saifedean Ammous is the author of “The Bitcoin Standard” a book about the history of money, austrian economics and the reasons why Bitcoin is superior to other forms of money tried in the past. Saifedean is working as an assistant professor of economics at the Adnan Kassar School of Business in Beirut and holds a PhD in Sustainable Development from Columbia University in New York, USA. “Inflation and unemployment is not a god given thing” – Saifedean Ammous “I don’t believe that bitcoin is going to completely replace the job of banking.” – Saifedean Ammous “Ripple is probably the worst, it’s my least favourite of all of the shitcoins.” – Saifedean Ammous “Nobody really controls bitcoin.” – Saifedean Ammous “Bitcoin is a unique breakthrough. All the other coins are worthless copycats.” – Saifedean Ammous “After all these years there is no single altcoin that is able to perform one single commercially viable thing that bitcoin does not perform.” – Saifedean Ammous Transcript of parts of Saifedeans interview His bitcoin skepticism I was pretty skeptical about it quite a while. It took me a long time to understand how reliable and how unkillable this thing is. The period from 2010 to 2013 I was still largely skeptical that Bitcoin could work. After 2014 when all things that I thought it would kill it where happening and yet it continued to survive, that was when I started to really paying attention. 09:43 The Austrian School of Economics – History The starting point of Austrian Economics is, that all value is always subjective, it depends on the person making the valuation. You can’t analyse economics outside of analysing individual choices and actions. Because it’s the mind of the individual that decides on the value and it’s the mind of the individual that’s going to make the trade-offs with any particular economic decision. There is no right and wrong in economics. There is only decisions people want to make and people make the decisions that are best for them. Therefore we see that in economic systems in which people are able to freely decide what they want to do, people prosper, people do better and the markets adjust. The Austrians (Economists) believe that money is something that should emerge on the free market. Sound money, is money, who’s value is determined through people buying and selling things for one another freely. Whereas unsound money or bad money is money who’s value is determined through government coercion. The School of Austrian Economics is relevant to bitcoin in the issuing of money: Austrians believe a free market is capable of providing a modern economy with money simply by people choosing the money that they want and it’s value emerges on its own. Keynesian economists, statist economists, central bank economists, government economists all think, that without the government as providers of money bad things would happen or we would not be able to have money. The stock to flow ratio of gold is extremly high. The stockpile that exists today is higher compared to the new supply of gold that is produced this year. The annual supply growth rate for gold is almost always around 1-2%. Every year we are adding 1-2% to the global stockpile of gold and that is why gold is money. Because it’s hard for people to make ore gold in response to great demand and so gold is the bubble that cannot pop, because you cannot increase the supply more. And that are the economic properties that bitcoin copies. Bitcoin has not the physical properties of gold, but it does have this monetary property. Not only the supply growth rate declines constantly until we reach the fixed supply of 21 million. This is the first time that we have a liquid asset that is divideable, that is combineable, that you can send and receive easily, but also is strictly limited in its quantity. I think this makes it an excellent store of value, because it’s impossible for people to make more of it to devalue the value that you store in it. That is really an astonishing aspect of bitcoin that I think is possibly the most important economic characteristic of bitcoin. It’s truly unique. 23:59 Proof-of-Work and Security If there was a cheap way to make bitcoin and to make the proof-of-work, then the bitcoin security would fall apart. Similarly, if the earth gets hit by a meteor made of gold and everybody could go and chip gold out of it, the monetary role of gold would be destroyed. If gold gets cheap to produce and the supply begins to increase very easily, gold would not be money. The entire quantity of gold that has been mined in all human history would fit in to about 2 olympic swimmingpools. 27:33 The Price of Bitcoin Cost of production follows the value that people give the thing. The reason that diamonds are expensive or that bitcoin is expensive is that people value it. You could spend your entire day baking a pie made out of mud, just because you spent an entire day behind it does not mean that people will pay you the wages that you think you deserve for them. If people value the mudpie they will pay for it and then based on how much they value it and are willing to pay for it, you will dedicate resources in order to produce it for them. Value is always subjective and therefore the cost of production follows the value. 30:04 Bitcoins energy consumption 32:21 The best Store of Value What are the alternatives? What is Bitcoin saving us from with this energy consumption? In my opinion what Bitcoin allows us to do, by utilizing electricity for energy consumption, is to make monetary policy free of human control, free of political control, completely independent from politicians. And I think you know once we understand, what the cost of having central banks control by governments has been, then there is absolutely no chance that you think any amount of electricity is too much for bitcoin. Having central banks control the money supply is why we’ve had wars in the 20th century that lasted for so much longer than in previous centuries. Bitcoin is economic reality. The way I see it is, that if Bitcoin continues to operate successfully, which it might not, but if it does, it will continue to maintain it’s scarcity and it will continue to clear payments around the world and I think it’s going to impose itself that people will use it not because they agree with it’s political philosophy but because they are economically self interested. People will want to have a store of value that can allow them to hold wealth into the future and over time more and more people will realize that bitcoin is the best for doing that because of it’s scarcity and it’s neutrality. 38:45 Bitcoin is an alternative to central banking. Why you cannot compare a bitcoin transaction to a mastercard transaction 40:09 Comparing the electricity cost of a bitcoin settlement transaction to traditional settlement banking 41:22 Ripple and other shitcoins vs. Bitcoin “Bitcoin does not compete with altcoins. Bitcoin is competing with the Dollar, and the Euro and with the IMF standard drawing rights and gold and all these international currencies for the settlement of international payments.” – Saifedean Ammous