Picking the Right Blockchain for the Job

[@StyleTrick]

Yet again, another insightful speech from Andreas, always a pleasure to listen to you!

[@maximpobihun5469]

He is definately not aware about issues in music industry if he thinks that music does not need a blockchain. Music artist gets about 20% of revenue from generated stream after 2 to 3 months. With the blockchain he musician can receive much higher percentage of earnings almost instantly. Also the earnings can be correlated with the play time. For example, on Spotify, if song was played 30 second, music artist receives fixed payment about 0.003 USD regardles song was played 30 seconds or 5 minutes. With the blockchain the payment can be adjusted to the play time. Also the smart contract are very handy for splitting earnings between collaborators.

[@LuisHellskater]

there is already a platform that does that it's called Musicoin, really awesome project

[@joemiller1057]

DOGE - objectively the most wow

[@pitmanncb4368]

made for fun and lives on it :) just like nintendo. ( glad it is still with us).

[@spectra7gaming471]

Okay organic shapes being round but what about the grand canyon? Or a lake that is iced over?

[@rogerver]

Nice talk. BTC maximalists should take note.

The purpose defines the functionality.

[@SAL-fs1mr]

For decentralized sound money: Bitcoin.

[@SAL-fs1mr]

@wonky tonky "few hours" seems a bit exaggerated. If it was attempted, it probably would be for less than 1 hour as the owners of the mining computers quickly move to point their hash power to other pools (after all, pool owners don't have direct control of the mining hardware). Be sticking to Satoshi's good rule of thumb of waiting 1 hour or 6 confirmations, such an attack will not have much impact on the network.

[@Runergy]

@Russell Spears tell that to twitter and enjoy the ride

[@healthierme390]

Digibyte is one of the most secure blockchains. It can scale to around 1,000 transactions per second and will scale to 280,000 by 2035. It has the ability to be private as well as be public. Also it has the ability to issue assets on the blockchain.

[@pitmanncb4368]

BTC is the first time i felt safe to save.

[@jayaz9113]

Amazing !!! Thank you so much Andreas !!!!

[@SamTheCarpetMan]

Thank you, Andreas.

[@PurnamaABC]

My friends and I have faced articles, media contents, forums, and social media being censored and taken down. We need a blockchain for that.

[@kyribatrea8517]

try steemit?

[@PurnamaABC]

@@kyribatrea8517 Yup, that one works great for writing articles. I'm also on dtube, bittube, and bitchute. How about social media and do you know any file hosting that cannot be taken down?

[@richhitch3242]

@@PurnamaABC IPFS

[@PurnamaABC]

@@richhitch3242 Thanks, how could I forget.

[@fund2983]

Just like the Tokoin platform that leverages blockchain technology to establish valid identity and reputation of MSMEs. Tokoin is using blockchain-based solutions that allow Tokoin users to build a reliable and transparent profile for all stakeholders in the ecosystem.

[@thomasnegovanonline]

"Form follows function" was coined in 1896, not the 1980s. (Sorry, design educator here.) Architect Louis Sullivan. Obviously not terribly important, but in case you want to be able to correct it for future talks. Thank you for your wisdom and insights!

[@aantonop]

Thank you for the comment. I love to learn and I appreciate you taking the time to teach!

[@thomasnegovanonline]

aantonop thank YOU for taking so much time to teach. I support your Patreon as a gesture of respect for all this brilliant content you gift to us. 🙏🏻

[@KryptosChain]

Phantasma Chain is going to be one of the best in my opinion :-) the tokenomics are amazing and how they'll change the way dApps link from various blockchains including blockchain games ! But as Andreas said - Mostly for gamers

[@blockchainmusic8697]

Without doubt. All the functions it has, specially targeting gaming - just awesome.

[@SondraGarza-k4e]

视频非常好！ 我的OKX钱包里有USDT，并且我有恢复短语. ----------- 我该如何将它们转移到Binance？

[@StakedWealth369]

Great speech again! I can't believe someone from Bulgaria where the biggest bank run out with the people's money 5 years ago with the involvement of the government and was equivalent to Ecuador and Zimbabwe during 90's could ask a question how good is centralised blockchain!?!

[@viviana.broker]

Saludos de Lima, Perú

[@dlk4996]

I think your correct that each coin has it's own function and Overall, I think cardano will be the one of the main coins. The way we look at dollars and cents is over. It could be certain coins for certain items. Medical, automotive, food & clothes shopping,, traveling, etc.

[@djstealthx]

You made some great points, and I love how you explained the trilemma and how trade-offs affect blockchains.. Are you still against Steem or even #NewSteem?

[@valeriemelvin759]

I think Digibyte just might solve the blockchain trilemma. It’s scalable, secure, and decentralized 😀

[@SAL-fs1mr]

What's the transactions per second rate on it?

[@zxcasdqwe33]

Just use Quant and it won’t matter :)

[@StatisticallyChallenged]

This camera guy having a hard time keepin up with Andreas pace on the stage ahaha. Great Talk!

[@citadelcyclist]

The camera needs a blockchain haha

[@StatisticallyChallenged]

@@citadelcyclist lmaoo

[@spectra7gaming471]

Form follows function

[@AditasSmash]

Very good speech

[@AtheSier]

If Form follows Function Value follows Utility

[@fund2983]

And the best utility tokens follows Tokoin project. Indonesia first blockchain for MSMEs.

[@SpinBoy]

For this moment in time, most of what he says is true + worth listening to. For this moment.

[@markblair9694]

Andreas, regarding the trilemma dilemma, I believe than no other blockchain related project that I can identify comes closer to Elastos in solving this problem. “First and foremost, it's important to note that Elastos is not a blockchain project. It is a network operating system project powered by the blockchain technology. So in that sense, Elastos is not competing with any other blockchain projects but can work together with them to form this new ecosystem where the DApps run directly on the device instead of running on the blockchain along with decentralized peer to peer network to transfer assets in a completely closed sandboxed environment, thereby solving the trilemma of the blockchain technology - security, scalibility and decentralization all in one.” Elastos is also one of the only blockchains Merged minded with Bitcoin & therefore has greater security than other blockchains excluding Bitcoin itself. If I am being misinformed or “ignorant” about this, please inform me how & why. Thanks!

[@diesel2526]

You're not misinformed, Mark, quite the opposite. You're one of the few that's dug deep enough to both find Elastos and take the time to understand it. Everything Ethereum wishes to be, Elastos is, and it all boils down to the difference between someone young with high intelligence and idealism like Vitalik, and someone older with greater wisdom and pragmatism like Rong Chen. The space will remain a popularity contest for some time yet, but the more participants take the time to research the fundamentals of computer science they'll see that the concept of a single World Computer is a flawed one, and that smart contracts alone ought not to be equated with the definition of a decentralised application. Rather it should be one that is distributed and unkillable in the same fashion as Bitcoin. Elastos is still the first mover on this problem by a long shot.

[@richhitch3242]

Solving the trilemma is about solving it on-chain (or on-ledger)

[@diesel2526]

Elastos still offers the most balanced solution in this regard. It's secured by Bitcoin's hash power, the communications network has as mainly nodes as there are IoT devices (which is distinct from the blockchain; a really key point), and it scales through sidechains for applications that run in parallel (and sidechains on those sidechains if need be). The problem is all these projects think the blockchain can do everything under the sun, when really it ought to be considered simply the trust layer of a new form of internet. You can't have optimal security, decentralisation and scalability with a blockchain alone though. At some point you have to create a complementary secure architecture for it to thrive in (something which our current centralised data silo model can't fulfil). Once you do that, not only can you have cryptocurrencies, but finite forms of digital media too.

[@richhitch3242]

@@diesel2526 "the concept of a single World Computer is a flawed one" would be a correct statement if blockchains (or DAGs) were the only DLT architectures that existed, because of yes the trilemma. But thankfully other DLT architectures do exist that don't suffer the same fate. So there will absolutely be a fully decentralised, highly secure, high throughput ledger that can scale for global participation (no sidechains, no state chanels etc. needed... everything will be done on ledger). This is what Andreas can't get into his head.. he's blinded by his maximalism.

[@diesel2526]

My quote was mainly in reference to Ethereum's value proposition, but it could apply to any ledger that claims to also be a computer. It doesn't strike me as sensible to expect all of the worlds computational needs to be arbitrarily bottlenecked through some form of glorified accounting software, no matter how powerful. It's far better to have a distributed world computer where each device can provide the compute power necessary for applications, rather than relying on something that was never designed to perform that function in the first place (a blockchain/ledger/whatever). Ethereum really has been the source of this confusion though.

[@AltcoinDaily]

👍

[@FlamingBasketballClub]

Altcoin Daily what's your channel about?

[@cammeekins576]

Elastos ❤️

[@charonaplutoni9143]

We all have Bag Bias.

[@Boxmining]

Whilst I like how Andreas is broadening out, but he was much better at making the argument against banks.

[@yayamaninking]

As always, amazing teachings. thank you Sir.

[@yaknow05]

Bitconnecccccct!

[@spectra7gaming471]

I think the legal system needs one A blockchain...

[@DorangoBread]

IOTA claims they have solved the trilemma dilemma. Have they? Or are they either lying or being ignorant?

[@Alexithymiander]

They're not mutually exclusive.

[@richhitch3242]

The trilemma remains. Both Blockchains and DAGs will always be stuck with the trilemma.

[@deathmetaldxb]

Both Lying & Ignorant. Not your keys Not your Crypto. Your Keys still Not your crypto - IOTA 2019

[@JR-lv6bx]

Andreas, just pull up a chart for anything other than BTC, best is not even subjective anymore, it's straight up empirical at this point

[@ClaytonBigsby01]

We're not talking about the best blockchain in terms of percentage gains on your money dumbass. We're talkin about blockchains being used for s*** other than trading. I Imagine you're one of those dumbasses that says stupid stuff about xrp

[@JR-lv6bx]

@@ClaytonBigsby01 a blockchain that is not unforgely costly is not a trustworthy blockchain of data regardless or what its used for

[@waynebrindley8156]

StreamingFiat 10,000.00 XRP End Game Coming 2029.

[@capellicrespi]

I apologize for being able to like this video only one time! Amazing Andreas, never stop please

[@zmetelkin]

The horizontal scalability approach to blockchain trilemma has not been tried yet. At least not in practice. .. until recently. I mean Elastos sidechains - of course, in comparison to Bitcoin, decentralization quality is degraded by a few orders of magnitude - let's say that from 99.9999% to 99.9%. But in exchange we have improvement in scalability - also by a few orders of magnitude. The trilemma has not been resolved! But the inevitable compromise comes from a different league of solutions than if we would try to improve the scalability of a single chain. One could even risk the thesis that Bitcoin finally made sidechains this way, because Elastos mining is merged with Bitcoin mining. But of course, the economics of these coins are not really connected.

[@-MikeyMonte]

The best blockchain for my 3 year old ......Legos.

[@pitmanncb4368]

lol , if your not a bot. and if you are . hats off good one:0

[@phoenixeyes7160]

가즈아!!!!!

[@JR-lv6bx]

Bitcoin

[@DimaNoizinfected]

Torrents are good for decentralised content spread

[@youssefmoutawakil1583]

Check Cs

[@7antonio9]

Everyone knows it’s Zilliqa by far the highest troughput chain. Hybridverse.

[@RenePickhardt]

Lightning Network is fast, decentralized and secure but is not a blockchain ;)

[@richhitch3242]

For LN to be workable in the real world it requires centralised hubs and watchtowers to provide liquidity and user safety respectively. Therefore it will not be trustless.

[@RenePickhardt]

@@richhitch3242 nice claim / opinion but without substantiated facts. Even though links to marketing materials will be provided. I am out of that discussion

[@1sanremy]

So after experiencing flying an AIRPLANE, Mr ANTONOV is exploring jumping in the void with a PARACHUTE ? ( i remember by my own experience, that JUMPING with an unknown parachute which has been packed by a unknown beginner parachutist ( which is the imposed reality when you learn to jump in any parachuting school), can be a SCARY experience... especialy for people very concerned by safety and transparence. Personaly, i would not have continue my training without buying my very own PARACHUTE. So : good & safe jump Mr Andreas ( lucky man)

[@emmsee234]

Great stuff Sir! Would love to know your thoughts on Algorand (PPoS), it fits a number of the issues you have proposed.

[@josemaenzo]

Love the trilemma analogy of Great, Fast and Cheap

[@economist898]

You are wrong about the trilemma Andreas. Technological advancement inevitably solves or can solve every trilemma relative to the point in time for context. Example the industrial revolution. companies with machines as opposed to all human labour became - 1) the cheapest 2) the fastest 3) the best and most consistent quality A million more examples like this exist but I want to keep the comment short and to the point

[@JesseBusman1996]

I was expected something to shout BITCONNEEEEEEEEEEEEEEEEEEEEEEEEEEECT

[@darnell8897]

I absolutely did this at home!

[@utahnate]

I pray to God that Roger Ver will watch this with an open mind

[@Castle3179]

Same.😓

[@utahnate]

Le Le A lot, or nothing depending on your opinion. However my main reason for wanting Roger to watch this is because he correctly points out that the creator or creators of something tend to be wrong as to what that thing will look like and be used for in the long run. The market decides the actual use case. Roger constantly references Satoshi’s white paper as reasons that BTC is not “Satoshi’s vision”. The point is Satoshi could never know what the market would do with the technology. And it’s asinine to refer to him and point to the direction the the code will take. The market will decide, and it has. I just don’t want Roger to get left behind

[@fromagperspective9428]

Roger Ver is a Saboteur, who not only split the community but also attempted to mislead newbies into coming to his shitcoin thinking it was BTC, F*** him! He caused alot of damage, time and peoples money.

[@utahnate]

D.R. LITTLEJOHN I believe Roger is acting in good faith. He’s not malicious. He’s just to close to the issues. He needs to step back and look at the bigger picture. I hope he does! This video could help.

[@fromagperspective9428]

@@utahnate When you knowingly send people who are looking for BTC to a sight that is not and dont explain that it is not but an alternative that is called malicious! You defend a snake!

[@ignacioarreses4284]

Love to you Andreas when in argentina again ?!?!?!? i miss your visit ... last time !

[@jickovonrozentuin7370]

Are people in argentina using bitcoin?

[@nowygold]

Nano is win

[@MustafaShaheenMustafaabuawad]

Take a look at Credits (CS)

[@sansegkh]

Awesome video. Everybody must watch this.

[@YePapoteGlobal]

Thanks. 👍

[@FlamingBasketballClub]

Looking forward to this discussion on September 7, 2019 after 6pm EST.

[@spectra7gaming471]

With BTC adopters being the judge

[@2ferone86]

When all roads lead to the same destination the perception of choice gives way to the reality of evolution.

[@stocksandblocks9661]

bitcoin is gonna change the world. We help people to know it

[@garyclark3483]

good job.

[@FirstLast-sr5ht]

re: trilemma. i don't understand the point of saying it is impossible to make progress in all three dimensions at the same time. that is obviously not true. you can find better ways to do things that may have huge advantages in one dimension, but only sacrifice a little in the other dimensions. it is not a 1:1 tradeoff between dimensions. you just have to think longer to tighten the triangle

[@fromagperspective9428]

Your words prove his point "but only sacrifice a little" real improvement means you loose nothing to move ahead not lose a function or sacrifice something you didn't have to before. A truck is not an improvement on a car other then it hauls more but its not faster just different in function.

[@richhitch3242]

Its not impossible. Andreas is wrong. Don't listen to him.

[@patazertyui]

What Andreas says was true before chainlocks came in. He should give a closer look at Dash.

[@Vention1MGTOW]

Every month more and more alt coins spring up and the value of their shares decrease since the number of tokens constantly increase. So basically the token supply is infinite so store of value goes out the window. With bitcoin however the supply is limited. Alts may be getting printed and spawned into infinity but Bitcoin is solid! That's why I'm a bitcoin maximalist.

[@SkyBeast55]

.. wat?

[@monikamaier2509]

Danke

[@tombo3689]

Are BTC maximalists now confused? By the way Andreas, when Cardano standard? Because it can. There is not only a lie or ignorance - there is scientific research too.

[@theeffindip6162]

Type 1 civilization in the making before our eyes

[@raslemurian2798]

I think GRIN is good

[@CriptoDealer]

Nuls Blockchain 💯

[@Gigaloader]

No totally disagree with Andreas here. Seems like he is smelling the short comings of the ancient bitcoin blockchain and tries to justify its existence. The best blockchain is the fastest, most scalable, cost efficient, decentralized and secure one. For example "Why would you ride on a horse and buggy to go shopping today just because you have enough time"? At its core every blockchain tries to do the same thing >>> creating secure ledger entries! It is pointless to keep an outdated blockchain around for anything if there are better alternatives. It would be silly to lock yourself down with a slow purpose build blockchain just because it justifies the need at the moment. Future purpose may change and then you are stuck. The base layer blockchain has to be the fasted most decentralized and secure! Second layer blockchains can be slow and purpose build. Unfortunately Bitcoin doesn't qualify.

[@MickyHable]

Very true.. And I think Cardano will do the job...

[@Gigaloader]

@@MickyHable Yes, there are only a few blockchain projects which have potential. Like Credits, Skycoin, Stellar, Eos or Cardano. It is probably time for Ethereum to just die and take with it all the scam Ether tokens which mislead investors and do nothing. Ethereum has served its purpose by giving projects an initial ICO platform. Time to move on from dead ends. Bitcoin has its ass backwards too with faster second layer solutions. Also there are thousands of Bitcoin miners around the globe, they are all basically mining to the same 3 big mining pools. That is hardly decentralized. But everybody is regurgitating Falsehoods.

[@mike11111]

Youre the best love you man! Keep doing You!🎹♥️

[@deanalainv]

Most devs moving to Cosmos

[@Hondahead05]

Wait till you hear about Cardano...

[@xrpfreak7881]

You mean the glorified white paper project being run by a used car salesman who's been booted out or quit everything he's touched?

[@diesel2526]

What do individuals need? A personal, globally distributed supercomputer that can be accessed from any device that can connect to its network. The best thing we can do with the trilemma is to balance it and create separate blockchains for separate trust functions (IDs, tokens, applications) that all connect to a main chain secured by Bitcoin's hashpower. Beyond that we need a P2P communications network that's distinct from the blockchain, decentralised storage, and a sandboxed runtime environment for everyone's assets. Individuals don't realise it yet, but in time they'll need Elastos. It's currently the only solution that goes beyond blockchain to synthesise these various components, addressing the fundamental flawed architecture of the internet; the great problem of our time.

[@pitmanncb4368]

Thanks, as always, you make sense.... Back down the mine. keep chipping away at the blockface. It's hot and sweaty. Tea and biscuits anyone?

[@pitmanncb4368]

gossip tangul and such could be the way forward but are meant for smart IOT stuff. not money

[@eKoush]

I imagine BTC being a deadstraight square pool.

[@jamesmhango2619]

That's back peddling on ETH.

[@patrickcowan8701]

Hedera hashgraph for dapps but hashgraph is not a true blockchain.

[@assasinscreed6332]

Axe coin 🙏

[@tisna-zq4vb]

Universa

[@richhitch3242]

17:08 mins - WRONG once again Andreas. You can have a DLT that is scalable, decentralised, secure and fast. You're gonna eat your words next year.. hope you have the guts to admit you were wrong.

[@sh0ckerturb0]

DOGE IS B E S T

[@fund2983]

Maybe but Tokoin is better, no hype, but the best ROI so far.

[@Jalartifact]

🛹🛹🛹Nice Job A.A.

[@sinematographers3344]

Fire the Cam Op

[@PiriyaSambandaraksa]

The chairs on the stage..... are weird.

[@pumba6099]

I cant wait for the day that Andreas comes out and says he is Satoshi and proves it by sending a transaction from satoshis wallet and send it via Bitcoin Smart Contracts to all the projects he likes and supports just before he kicks the bucket and creates a Legacy! :D

[@ocmone1948]

Wait for IOTA Coordicide

[@ClaytonBigsby01]

I would like to see this little know-nothing Mama's boys sit down with Joel Katz

[@lamondhaughton1598]

TODAY ..

[@jasonsellers56]

Who's in the loud minority? 3, 2, 1...

[@time_less9039]

Bsv is the real bitcoin, infinite scalability by 2020, and it follows the real protocol.

[@kparivar]

I need help to build a voting system against the evil Islamic regime of Iran who recently put 20 years old girl in jail for 25 years because she refused to wear Hijabs

[@dud3stuff]

Cardano after Voltaire phase.