Expanding on an observation from his last talk, Andreas asks why we talk so much about the cartels in drugs and oil, but rarely about one of the largest cartels in the world: banking. He analyses recent (unacknowledged) history with the 2008 financial crisis, the corrupt revolving door with regulators, how kleptocracy is destroying democracy, and why Bitcoin matters as an exit when voice is no longer an option.

This talk is featured in The Internet of Money volume 3, which can be purchased in multiple languages in paperback, ebook, or audiobook: https://aantonop.io/tiomv3ebooks/

Chapters
00:00 Introduction
00:43 The Banking Cartel
03:01 Kleptocracy
06:22 When money stops working
07:50 Systems of power
11:21 Solutions to parasitic behavior
19:59 Bitcoin as a solution to parasitic behavior
22:16 Decentralization
23:22 Intermediaries
27:55 Disintermediation
30:35 Exiting the parasitical system
32:00 Parasitic Organizations
34:35 Fundamental architecture - Peer to peer

This talk took place on November 10th 2018 as part of the 'Internet of Money' tour at the Edmonds Center for the Arts near Seattle, Washington: https://antonopoulos.com/event/the-in...

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Music: "Unbounded" by Orfan (  / orfan  )
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