Bitcoin for Beginners

Bitcoin for Beginners

This is the first part of a talk which took place on February 22nd 2017 at the inaugural Bloktex Conference pre-event, hosted at Technology Park in Kuala Lumpur, Malaysia:

A collection of my talks on Bitcoin –
A collection of Q&A on various topics in Bitcoin –

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

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) –


Bloktex Videographer: Takeem Videography
Music: “Unbounded” by Orfan (
Outro Graphics: Phneep (
Outro Art: Rock Barcellos (


  1. Andreas in this video you look a bit like me. well i'm from the south of italy so Greek genes are not that far away lol

  2. Rob All bitcoin crypto and entertainment

    Thanks for overview in ways we can Understand

  3. 85 dislikes from the rothschilds

  4. Is it possible that two miners might complete a " proof of work " simultaneously ? If so who gets rewarded the "coin" ?

  5. Justin aaq Long

    Andreas, l have a copay on my device android, l written down the 12 words, but no number of private key?

  6. I'm very pleased to discover this video: Andreas had been in Malaysia before! Unfortunately at that time 15 months ago, I didn't know who he was. And I had yet to be involved in Bitcoin or cryptocurrencies. That would come three months later when I discovered how to buy my first (fraction of) BTC with Ringgit from Luno, transferring it to the Jaxx wallet and changing to other cryptos via ShapeShift. Then I discovered Bittrex. Was fascinated by how I could register with a US company and trade using BTC. That convinced me cryptos will be a significant alternative to fiat for various things in the coming years.

  7. The man, the myth, the legend: Andreas Antonopoulos!

  8. Why is it that u can buy bit coins with currency, but can't but currency with Bit Coins. This is just a con traders game and will fail. Any way credit cards are already used as cryptoexchange. Bunch of exchange crap.

  9. Always have the “nuggets” …. Great presentation Andreas 👌👍

  10. Jacqueline Payne

    The trouble with most Bitcoin lectures is that they are either passionately for or against. Neither side can satisfy my need for objective information showing the pros and cons. Also I find the concept of robots (non-humans) trading in Bitcoin rather creepy, they already have caused uncontrolled sell-offs and other glitches that have hurt people. Why is this a good idea?

  11. Luwangamba Thounaojam


  12. Hey, mis disculpas, pero creo que te di el link equivocado…, por eso es mejor si lo buscas por su nombre: Dario Esdruani. Trata con Google, que se yo… Y para responder, si, pude ver un retorno de 5X en mi inversión, no solo Bitcoin, también ENG, VIA y otras alts, pero siempre cambian, lo básico que necesitas es gratis, un abrazo!


    he is the best crypto currency speaker on this planet 😉 love it!


  15. Descentralized means ( orbiting around the earth with no connection ) great for bitcoin, but a crypto world that is totally imposible to regulate, because it lives in space, it is doomed to stay there, in a non country space.
    The crypto world today is nothing more than an outer space las vegas, that has quit its connections to earth .Because there is no way to rule in space, then is no way of being legit. No matter how hard governments try to regulate it. They can regulate the airports that take you in and out of that space but nothing more.
    Crypto world would be left there by governments , and it would orbit into the oblivion. Forever
    Descentralize= no country= no rules= no contracts= no warranty.
    Good for bitcoin ? Yes, as a store if value alternative to the ones in earth .but converting to dollars will always be require to be inside the law.
    Your friend accepted bitcoins ? Nice. your company accepted bitcoins? Why the need?, if bitcoin is measured in dollars , the companies need regulated money.= dollars.

  16. This guy explains how futurisc bitcoin is
    But when you can print crypto dollars (stable coins with no backing in dollars) to buy bitcoins, bitcoin technology would still be amazing, but the price will be tottally corrupted.
    Stop believing in a magical world and do a research of how the price of bitcoin is being manipulated by this scams
    “ Basecoin”
    “Descentralize capital”
    “Jibrel Network”

  17. I believe you should be free to pick the currency you want to use. Why not have many?

  18. Espirito Furtado

    a key question going in my mind when i saw the video is, if it is going to replace money then why do we have to pay money to purchase bitcoin. why the other person or anybody needs that money for.. i should be earning this bitcoin for my services or products to earn bitcoins to start with and then transact to buy other things… very tricky

  19. Every time i need a confidence boost in my bitcoin startup i come here! Never disappoint! Thanks!!

  20. Maybe this will sound like nonsense, but here are my thoughts about thi: The implicit philosophy of the government is that it is not legal to own anything without the government knowing about it. When you stop to think, not about the explicit law, but about the implicit philosophy directing the various things they make the citizens go through, this is what is at the core.
    That the citizen is here to be regulated by the government and that it is reasonable and normal for the relationship to be like that.

    And so, it is only a matter of time before they catch on to HOW exactly they will try to regulate the use of Bitcoin (and/ or the internet), because they have the power, and to combat that power you need philosophical and moral clarity; technology won't be enough…

  21. Thank you for the knowledge and spreading it selflessly!

  22. amazing, soon AI will be able to use money, i wonder how that will turnout?

  23. Luca Stephen-Sujdovic


  24. I dont understand why i have to pay for a withdrawal and a deposit fee at the same time, i was shafted twice in one transaction moving bitcoin to omesiGo from coinjar to blockchain and lost over $150 in that experience over a $500 withdrawal. It is WAY worse than a bank man!. To hell with that, i was never charged that amount in the banks. Ripped off the page bro.
    obviously not at all happy. what a fucking scam.
    Looks like sticking to the devil you know is the better option, i would have been charged $2 for that transaction to move my money. and $0 to deposit that money into another account. Stupid humans fall for anything.
    Maybe i can sell stupid in a bottle!. plety around , thats for sure.

  25. Daaaamn… cameraman needs to take a break.
    Zoom out if you can't keep him in the frame or wake your ass up

  26. Antoine Reekmans

    Thank you Andreas for your great video.Brilliant talk and very well explained

  27. Alexaa Amsterdam. Crazy about growing your business

    BIG BANG CRYPTO HERO :>) A true (un)polished multifaceted passionate Crypto diamond!
    Modern Robin Hood of Economy. Well educated, interested, experienced Metaphorical connecting our financial past and future from with passion!
    From Technical, Biological, Medical, Economical, Anthropological and IT perspective. Very enriching for navigating (financial) life! Greeting from Amsterdam

  28. where can get bitcoins? best wallet? can u help??

  29. one of the best youtube vloggers in cryptocurrencies imo. I must admit i struggle to explain bitcoin to anyone who asks me without seeing them roll their eyes.This has helped me to explain it better. Bitcoin is the first and for me the best coin but i am worried about the fees now. Also with government agencies and the tax people showing an increased interest in things i think privacy coins could really start to take a bite out of btc's crown. coins like shield or Deeponion are showing a big growth now and i would love to see what Andreas thinks of these new coins on the block?

  30. Andreas M.Antonopoulos '' Lover of wisdom"

  31. America's Warrior

    Very happy that you're doing what you're doing. Spreading the word about Crypto in an intelligent manner that everyone can understand. I've been in Crypto for over 2yrs now and the easiest way I've found to explain to people what it is and what it's going to do for our planet, is to share your videos. Great job Andreas. The community applauds your hard work.

  32. Thanks for the great video mister. I use this video a lot to show to friends and relatives that are new to and have questions about bitcoin. I saw people's opinion completely change based on your story. I would love to hear your opinion on the following: As bitcoin is not so private as people think and with governments keep creating rules and legislation to gain controll in the crypto world. In my opinion we will see a big shift to privacy coins in 2018 and beyond. Because of this, I sold part of my bitcoin holdings and invested in some relatively newer privacy coins such as DeepOnion and Shield. What's your opinion on the future of privacy coins and do you think I made a wise investment choice ?

  33. Yicd

  34. Bitcoin is our birthright

  35. This is bullshit.

    If you already have it ~ It is direct "from one person to one person"

    But to get it You have to go through 1 or 2 intermediaries.
    When we changed the banana for the gold and the gold for paper it was a straight swap. This is just like changing $ for ¥ or € for £. BTC is just like a countyless currency. Still get ripped off trying to buy it.

  36. I can't buy them in my country so far.Can you help me?

  37. Did he just say Shalom Aleichem?

  38. 1. Since you receive your bitcoins for payment and it is on the blockchain, How do your wages in Bitcoin support the payroll of the Federal government and its employees? Since everything will be on a blockchain ledger where is your privacy? You call it decentralization, I call it total control. And who decided that this man is the spokesperson for the transition of the financial institutions and its economy? What self appointed? I do not think so, since this was foretold in 1988 of this day to be 2018 in the economist magazine front cover. Nothing happens by accident.

  39. I'm trying to understand this Bitcoin stuff, I really am, but I don't get it and this video didn't answer my own basic questions. Where do Bitcoins come from? Who determines their value? If everything is so "anonymous", how do so many people have access to this ledger thing? If people are saying this Nakamoto person created it, who's to say he/she/it can't come back and say "Hey, I'm creating about 1 million bitcoins"? I'm just not following the logic here, I don't get it.

  40. Admiral Prowarrior

    You can see new book for Bitcoin Mastering Bitcoin: Unlocking Digital Cryptocurrencies by Andreas M. Antonopoulos

  41. Rose van der Haven

    Great explanation video for dummies  like me. Love is God as payment for value, Cryptocurrencies is 2nd. Love is like bitcoin beyond borders but has no miner companies, transaction fees and is not limited by scarcity or political involvement 🙂

  42. Reality Check 123

    lol there's still a bit connect add running.

  43. GSHeverything _27

    I bought one of his books

  44. I have Andreas to thank for a lot. Much because of his engaging talks about Bitcoin I bought at $200 in early 2015. I retired this summer at the age of 34, and after the latest rise I can call myself a millionaire. To think that this is only the beginning of this technology is seriously almost scary to think of.

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