Antonopoulos wrote Mastering Bitcoin for O’Reilly Media, a company with a knack for publishing the definitive works on andreas antonopoulos bitcoin book topics. Startups that want to provide financial services via bitcoin or other cryptocurrencies in the state will need to prove they can verify identities.
MARBELLA, SPAIN: A picture of a plane that was impounded in connection with an alleged money-laundering bust in Marbella, southern Spain 12 March 2005. A plane impounded in Spain in a money laundering bust. I personally tried to open my first bitcoin account on Gemini recently, the most pro-regulation of the bitcoin companies. It required a scan of both my government issued ID and a bill that showed my address. I get my bills digitally, and the utility companies are the most cumbersome. So I tried a tax bill, which I had on paper, which was rejected.
I tried an internet service bill, and that was also rejected. Bitcoin doesn’t require you to identify yourself, and that is not a bug. He goes on to explain that when regulators require banks to collect personally identifiable information, they invite hacks. Bitcoin has a different solution: no information, no hacks. Bitcoin is owned by wallets that people control with encryption.
In that way, it works just like real wallets. 20 from my wallet to pay you for a high-five, the transaction is complete as soon as it goes into your wallet. I don’t need to know your name. Antonopoulos made the remarks during a question and answer session following a talk he gave in Barcelona in March.
That process is well underway in Sweden, as reported in the latest issue of Wired, which describes a country in which few urban bank branches have any cash at all on the premises. To go cashless, Swedes are using technology the banks put together called Swish—definitely not privacy friendly bitcoin. We noticed you’re using an ad blocker. We get it: you like to have control of your own internet experience. But advertising revenue helps support our journalism. To read our full stories, please turn off your ad blocker. He is a host on the Let’s Talk Bitcoin podcast and a teaching fellow for the M.