Andreas M. Antonopoulos testimony for Australian Senate

This testimony was delivered at the Senate Economics References Committee of the Australian Senate, presenting on Bitcoin and digital currencies, on March 4, 2015.

Chapters
0:00 Opening Remarks
2:30 What is Bitcoin?
7:33 Do you still see that there is some regulation needed for Bitcoin companies that might provide more than just access to currency?
9:37 In Canada, would you think it is possible to apply the prudential consumer protection laws that exist for traditional banks to Bitcoin and digital currency-type banks, without major modification? Could they be brought into your financial regulatory space quite easily?
11:53 At the moment in the United States, do you see companies offering fractional reserve banking for bitcoin?
13:34 In the North American Bitcoin industry, are they calling for, or do they want to have, your financial regulators exercise oversight on them? Do they want that third-party assurance from the government?
16:18 Security risks
21:43 Governments will employ smart people who could find a way to still surveil our transactions if we were all using digital currencies. Is that not a risk, given that they are all public?
23:26 If we decide that this is too risky, that it creates too great a security threat. How effective could we be, even in coordination with other countries, in stopping digital currency?
24:48 Do you think digital currencies are another order of difficulty for taxation authorities in terms of tracking transfers and pricing, and related issues about the jurisdiction of profits?
27:18 Since you have just been through the Canadian inquiry, what evidence did you hear in that inquiry that most alarmed you?
28:17 How do we get the balance right between what the industry naturally wants, a regulatory framework to provide them certainty, so that your Visas and Mastercards can start properly investing, and at the same time, not creating too rigid of a framework that effectively displaces the benefits?
32:26 Do you think people will maintain their own keys for their digital cash on their own computers or do you think they will use third-parties to manage that process?
35:38 How long do you think it will be before Bitcoin becomes mainstream?
Text of the opening remarks:
http://antonopoulos.com/2015/03/03/opening-remarks-andreas-m-antonopoulos-testimony-for-the-australian-senate-committee-on-economics-references-march-4th-2015/

Testimony for the Canadian Senate: https://youtu.be/GP_eT6E4os8
Join the aantonop Channel: https://aantonop.io/joinaantonopyt

Видео Andreas M. Antonopoulos testimony for Australian Senate канала aantonop