On the show today we welcome Andreas M. Antonopoulos (@aantonop) to chat with us about his perspectives on the current crypto space, the contrasting developments of Bitcoin and Ethereum, and the massive role that design choices play in the future of these two currencies. We also welcome cryptocurrency analyst Arjun Balaji (@arjunblj) as a co-host for this episode. Together we field some introductory and more complex questions on ways in which Bitcoin and Ethereum compete, could potentially replace each other, and areas in which their goals might overlap. We talk about ideological choices from consumers, some of the pitfalls of Ethereum and why he has very little interest in which is the better investment. Andreas also explains scaling solutions and privacy concerns. For all of that and more, tune in today!
Key Points From This Episode:
- Comparing the paths and goals of Bitcoin and Ethereum.
- Considering the idea of one of the currencies replacing the other.
- The privacy concerns and how they play into each culture.
- Ideological alignment choices by consumers.
- Andreas’ motivation for writing a book about Ethereum.
- Potential pitfalls of Ethereum and Andreas’ biggest reservations.
- Scaling solutions with regards to Ethereum.
- Reconfiguring our perceptions of cryptocurrencies as tools for particular jobs.
“The two systems have evolved, not in a random mutation, in a directed evolution perspective. That evolution has been informed by dozens and dozens of design choices.” — @aantonop [0:04:30]
“The early design decisions and tradeoffs that were made for Bitcoin made it suitable to be a very robust, very secure, nation state resistant, censorship resistant, form of global money.” — @aantonop [0:05:54]
ARK's statements are not an endorsement of any company or a recommendation to buy, sell or hold any security. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.