Escaping the Global Banking Cartel

Escaping the Global Banking Cartel

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 took place on November 10th 2018 as part of the ‘Internet of Money’ tour at the Edmonds Center for the Arts near Seattle, Washington:

Worse Than Useless: Financial Surveillance –
Money as a System-of-Control –
The Stories We Tell About Money –
Measuring Success: Price or Principle –
Bitcoin’s Origins and the Genesis Blockade –
Why Open Blockchains Matter –
Decentralised Globalisation –
Investing in Education instead of Speculation –
Security vs. Complexity –
Beyond Price: Bitcoin’s Impact on the Future –
Why I’m against ETFs –
Regulation and the bank boycott –
Wallet design and mass adoption –
Mass adoption and peer-to-peer commerce –
Scaling strategies and adoption –
Price volatility and store of value –
Why I earn bitcoin instead of buying –
Job opportunities with cryptocurrencies –
Inspiring cryptocurrency projects –
From barter to abstract money –
Crossing the chasm of theoretical vs. real need –
Remittances and smuggling in Venezuela –
How long until mainstream adption? –
What is the biggest adoption hurdle? –
Bitcoin as everyday currency –
How to avoid re-creating systems of control –
Hyperbitcoinization –

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

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.

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Translations of MASTERING BITCOIN:



Translations of THE INTERNET OF MONEY:
Spanish, ‘Internet del Dinero’ (v1) –
French, ‘L’internet de l’argent’ (v1) –
Russian, ‘Интернет денег’ (v1) –
Vietnamese, ‘Internet Của Tiền Tệ’ (v1) –


Music: “Unbounded” by Orfan (
Outro Graphics: Phneep (
Outro Art: Rock Barcellos (