We all know that banks are very powerful and they're not going down very easily. What will happen to banks in the next 5-10 years? Are they going to fight disruption? The caricature of banks as being entirely filled with "evil people" is not true. The banking industry has institutional inertia, where even if tens of thousands of people in are good, minute everyday actions sum up to an empire which engages in racial profiling, illegal foreclosures, and robbery through socialised losses. During organizational crisis, they are very slow to respond; the very architecture of that business model and culture is embedded so deeply. They will be affected by cryptocurrency just as the media industry was affected by the internet. Bankers ask me if they should get a "blockchain consultant." I say, "No, get a former newspaper editor and ask them 1) when did you know the internet would eat your business 2) what did you do to prevent it 3) now that you've failed, what would you do differently?" Because software is coming to eat our industry for the first time. The banks will still be here, they'll just be very different and offer services that have to be there (ex. fractional reserve lending). Customer service / interpersonal relationship management is considered a lost business right now because it's less profitable than underwriting a loan for a war dictator. Maybe they can reform their operations. There is no "right to maintain a business" or "right to guarantee a profit." If banks are terrified of competition in a free market, then something seriously wrong has happened to banking. If your last resort is a government decree that will prevent competition, you've already lost. Banks will be fine - as long as their business model is in building productive relationships that serve the community and not vampire-squid financing of war dealers and dictators (if that's you, good riddance). What's going to happen to the dinosaurs? They're still here; I had one of their eggs for breakfast. Chickens are the closest descendant of those once mighty beasts, and we are the descendants of the furry things they crushed underfoot.
This is part of a talk which took place on May 8th 2017 at The Blockchain.NZ Conference in Auckland, New Zealand: https://antonopoulos.com/event/the-bl...
RELATED:
The Stories We Tell About Money - https://youtu.be/ONvg9SbauMg
Fake News, Fake Money - https://youtu.be/i_wOEL6dprg
Blockchain vs. Bullshit: Thoughts on the Future of Money - https://youtu.be/SMEOKDVXlUo
Bitcoin and the Banks - Five Stages of Grief - https://youtu.be/43Ucj6_Erb0
How do banks react to Bitcoin? The Five Stages of Grief - https://youtu.be/3mgw5rbgOMY
Can banks still offer services for Bitcoin? - https://youtu.be/H8Si5OIOMv8
Will banks, which are software companies at heart, adapt to digital currencies? - https://youtu.be/j1aBI5a6RSQ
Why Bitcoin is the poison pill of global finance - https://youtu.be/UOfRIaJICgI
How will the currency war affect companies? - https://youtu.be/c9MIM2vZUZc
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-Mon...
MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bi...
[NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitc...
Subscribe to the channel to learn more about Bitcoin & open blockchains!
Outro 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/)
blockchain que es Bitcoin Q&A: The end of vampire-squid financing | |
| 449 Likes | 449 Dislikes |
| 9,914 views views | 184K followers |
| Lord Fervi Science & Technology Creative Commons Attribution licence (reuse allowed) YouTube Video Editor View attributions | Upload TimePublished on 30 May 2017 |
Related keywords
bitcoin sv,banking holidays,internet explorer for mac,money tree,andreas vesalius,cryptocurrency chart,antonopoulos libra,cryptocurrency แปลว่า,internet radio,finance companies,technology news,banking and insurance,cryptocurrency foin,bitcoin cash price,internet explorer download,bitcoin chart,internet speed test,banking careers,cryptocurrency mining คือ,banking on bitcoin,andreas christensen,blockchain developer,cryptocurrency facebook,ethereum price prediction,banking with citibank,bitcoin calculator,money laundering,network outlet,blockchain school mendoza,andreas antonopoulos,antonopoulos,money order near me,internet explorer,cryptocurrency meaning,money market account,money man,antonopoulos moschofilero,technology high school,antonopoulos wine,finance manager salary,bitcoin price chart,internet providers,antonopoulos twitter,aantonop video,network elbise,finance of america,http://finance.google.com,network damatlık,andreas pietschmann,banking news,technology quotes,internet service providers,cryptocurrency ในไทย,technology addiction,aantonop wiki,technology companies,bitcoin etf,network abiye,cryptocurrency pantip,aantonop email,finance internships,network ayakkabı,network tişört,cryptocurrency wallet,ethereum price usd,ethereum mining,network marketing nedir,bitcoin to usd,blockchain definicion,bitcoin mining,blockchain for dummies,finance definition,ethereum to usd,ethereum coin,bitcoin wallet,network çanta,network marketing,blockchain español,bitcoin value,blockchain traduccion,bitcoin halving,blockchain summit latam,andreas hotel and spa,bitcoin cash,technology meme,cryptocurrency ความหมาย,antonopoulos moschofilero 2017,finance major,antonopoulos bitcoin book,bitcoin stock,ethereum stock,ethereum halving,ethereum reddit,antonopoulos legal group llc,network mont,money heist,cryptocurrency aantonop,banking jobs,cryptocurrency สรุป,andreas munzer,money heist season 3,money heist season 4,aantonop bitcoin,andreas gabalier,ethereum news,antonopoulos and associates,andreas wynn,internet speed,ethereum classic news,andreas gursky,internet archive,bitcoin news,cryptocurrency trading,andreas pizza,banking apps,ethereum classic price,technology background,money lyrics,money in the grave,andreas johnsson,finance google,technology synonym,moneygram,bitcoin price usd,internet of things,network pantolon,blockchain pdf,finance jobs,ethereum wallet,antonopoulos law firm,internet essentials,andreas moritz,technology in the classroom,technology in education,banking 365,finance manager,blockchain argentina,technology stocks,ethereum price,antonopoulos christina md,andreas vollenweider,blockchain academy,internet near me,ethereum white paper,technology stack,internet outages,banking terms,blockchain technology,network ne demek,banking jobs nyc,aantonop patreon,bitcoin atm near me,banking regulations,network gömlek,http://blockchain.info,aantonop website,money converter,network online,network nedir,finance charge,antonopoulos funeral home,andreas katsulas,antonopoulos broncos,cryptocurrency market,moneylion,aantonop github,network kadın,ethereum value,money heist cast,bitcoin price,aantonop events,andreaschoice,bitcoin price prediction,blockchain explorer,banking industry,antonopoulos legal group,aantonop loop,internet outage map,blockchain como funciona,cryptocurrency news,technology credit union,finance salary,bitcoin price today,cryptocurrency มีอะไรบ้าง,ethereum vs bitcoin,ethereum foundation,moneyball,antonopoulos cardiology,technology readiness level,banking services,cryptocurrency ที่น่าสนใจ,finance calculator,finance news,bitcoin atm,internet speed check,andreas 25,blockchain wikipedia,https://www.network.com.tr/,banking online,antonopoulos joe rogan,banking with citi,networking,blockchain curso,banking technology,blockchain stellar,ethereum 2.0,aantonop twitter,finance yahoo,finance department,technology jobs,internet modem,money network,blockchain wallet,cryptocurrency price,antonopoulos vineyards,technology insurance company,finance a car,andreas athanasiou,cryptocurrency mining,finance jobs nyc,cryptocurrency ไทย,antonopoulos group,ethereum classic,money in the grave lyrics,blockchain aplicaciones,networkdry,internet service,antonopoulos meaning,networking nedir,technology etf,internet providers near me,andreas fault,finance minister of india,aantonop youtube,money order,technology student association,antonopoulos books,andreas lubitz,moneypak,andreas keller,antonopoulos & virtel pc,technology definition,finance degree,cryptocurrency ลงทุน,banking jobs near me,internet tv,technology stores near me,banking hours,ethereum predictions,moneybagg yo,banking definition,internet explorer 11,
No comments:
Post a Comment