Bitcoin Q&A: Borderless money

Are cryptocurrencies subject to the same border restrictions as foreign currency and cash? Where are bitcoins “located”? What happens when money is data? What are the geopolitical implications of borderless money? Bitcoins ‘live’ on the blockchain, on a global network, in “the cloud.” When you make a transaction, bitcoin is not transmitted anywhere; it simply changes ownership. National “flag” money went from being a store of value, medium of exchange, and unit of account into a system-of-control for playing political games. It removes the power of central banks to take entire populations hostage under hyperinflation experiments. Therefore the framework of money transmission laws is obsolete and fatally undermined.

This is part of a talk which took place at Pebble Beach for the Capgemini CXO Forum on November 1-3rd 2017 in Monterey, California.

RELATED:
Money as a System-of-Control – https://youtu.be/FyK4P7ZdOK8
Decentralization and the Architecture of Trust – https://youtu.be/wSRN8PUhHX0
Bitcoin: Where the Laws of Mathematics Prevail – https://youtu.be/HaJ1hvon0E0
Hard Promises, Soft Promises: Promoting Autonomy Instead of Authority – https://youtu.be/UJSdMFPjW8c
Open Blockchains for Cashless Developed Economies – https://youtu.be/eo-0BgrKxiI
The Digital Currency Commons – https://youtu.be/nYBKWrqR4I8
The Killer App: Engineering the Properties of Money – https://youtu.be/MxIrc1rxhyI
Decentralized power, leaderless governance – https://youtu.be/E5VbDlQTPzU
Is Bitcoin a democracy? – https://youtu.be/TC3Hq76UT5g
Will governments ban cryptocurrencies? – https://youtu.be/LIQkuF_I5Xo
The Switzerland of currencies – https://youtu.be/pV83Qmy578c
The separation of money and state – https://youtu.be/jGmtRA9S7_Y
Unstoppable code – https://youtu.be/AQx3E3F8Kz4
Global financial crisis (GFC) – https://youtu.be/JU3gNC_ZPKM

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.

THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8

[NEW] THE INTERNET OF MONEY, v2: https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/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

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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/)