Crypto 101 | VIDEO: Just Released: Andreas Antonopoulous: Bitcoin Q&A: How is fungibility tied to privacy? (8 mins) - Super practical resource here today!! (Other videos inside post also)


Andreas M. Antonopoulos is an early pioneer, adopter & educator in the Bitcoin/Crypto space if you have not heard of him.
He routinely puts out some of the best information going. He speaks plainly and simply with some humour!

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He travels the world preaching the Bitcoin, Liberty, Crypto and Blockchain gospel and is one of the most well respected lecturers and teachers in the crypto world!


I always include a library of AA's videos in these posts, just like he does in every one of his YT channel videos. These are things for you to use, save, watch, share, and learn from if you have time now or come back to later if you wish. It's here to help you, with extra resources.

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This resource showed up in my email inbox recently, have a watch, share it with those who are learning.


Follow Andreas & Barry on Twitter:

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https://twitter.com/aantonop

https://twitter.com/BarryDutton


Published on Jun 27, 2017

Fungibility is simply that it doesn't matter where any given unit of currency came from; one unit is worth as much as any other unit.

For example, it doesn't matter, upon presentation, the euro you hold was stolen two transactions ago. No one can say "I will take that euro but not that euro." This was settled as a matter of law in the 16th century.

The reason we have fungibility is because otherwise the currency wouldn't work; if every time you received a euro, you had to open a database and check the provenance, currency wouldn't work. Not just because you would have to track a database that was perfect and always updated, but because no euro would be worth one euro. Every euro would be weighted by how liquid it is, whether you can use it and it will be accepted.

Fungibility is understanding by law, practice, and technology that every unit is treated as indistinguishable. Bitcoin is somewhat fungible. You can trace the provenance of every coin; by custom we don't do that but we are beginning to see some companies do it, which is a problem. If accounts start being frozen because of where bitcoins came from three transactions ago, that's a problem.

Fungibility is tied to privacy and anonymity. There are systems being made where you can't tell the amount being transacted, who the sender and receiver are. Banning technology, especially open-source technology, because criminals use it only usually affects the people who aren't criminals: the innocent and the idiots.

People should be able to protect their money from predators, from corporations, from tyrannical governments.

This is part of a talk which took place on October 11th 2016 during the Merkle Conference in Paris, France: http://www.merkleconference.com/


Watch the full talk here:


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

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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-Mon...

MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bi...


Thanks for reading, have a nice day.




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