![Crypto Explained: What are Deflationary and Inflationary Systems? Why Should I Care? [2021] @aantonop](https://i.ytimg.com/vi/jzJ20BGcdDo/maxresdefault.jpg)
Uploaded July 2021 | Updated September 2026, 1 hour ago
What are inflationary and deflationary systems? Can you help me understand what these terms mean and why I should care? Why are these words thrown around so much in bitcoin and cryptocurrencies in general? Watch, learn, and laugh.
Chapters
0:00 I know you are not an economist but could you explain in simple terms what a deflationary system is and how it relates to an inflationary system? What are the pros and cons?
0:50 Inflationary system
2:53 Deflationary system
COMMENT below and let us know what you think of the video. Post your follow-up questions there too!
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You can also learn from one of aantonop's many books about bitcoin, ethereum, and open blockchains. Andreas has written three technical books for developers about blockchain technology, Mastering Bitcoin, Mastering Ethereum, and Mastering the Lightning Network published by O’Reilly Media. He’s also written The Internet of Money Series books, which explain why bitcoin, ethereum, and open blockchains matter.
About aantonop: Andreas isn't promoting a company or an organization; he's paid by the community (people who support this work on Patreon and YouTube) and provides an unbiased look at open blockchain technologies, what they can do for our societies, and how to get involved (if you decide you want to). Learn more at aantonop.com
From Andreas: You may already know that my mission is to educate as many people as possible about #Bitcoin and open blockchain technologies. Watching these videos and sharing them with others is a big part of that. Thank you for being part of this mission.
***Learn More From Andreas**
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Thanks for watching, sharing, and subscribing!
What are inflationary and deflationary systems? Can you help me understand what these terms mean and why I should care? Why are these words thrown around so much in bitcoin and cryptocurrencies in general? Watch, learn, and laugh.
Chapters
0:00 I know you are not an economist but could you explain in simple terms what a deflationary system is and how it relates to an inflationary system? What are the pros and cons?
0:50 Inflationary system
2:53 Deflationary system
COMMENT below and let us know what you think of the video. Post your follow-up questions there too!
SUBSCRIBE to this YouTube channel and select the bell 🔔 for notifications: youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ?sub_confirmation=1
JOIN this YouTube channel about Bitcoin and open blockchains to become a YouTube Community Member and access custom emoji and other perks: youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ/join
BECOME a Community Builder: patreon.com/aantonop
LEARN from Andreas in one of his popular Workshops which will teach you practical crypto skills. There’s even a FREE Intro to Bitcoin & Open Blockchains to get you started. aantonop.io/takeaworkshop
You can also learn from one of aantonop's many books about bitcoin, ethereum, and open blockchains. Andreas has written three technical books for developers about blockchain technology, Mastering Bitcoin, Mastering Ethereum, and Mastering the Lightning Network published by O’Reilly Media. He’s also written The Internet of Money Series books, which explain why bitcoin, ethereum, and open blockchains matter.
About aantonop: Andreas isn't promoting a company or an organization; he's paid by the community (people who support this work on Patreon and YouTube) and provides an unbiased look at open blockchain technologies, what they can do for our societies, and how to get involved (if you decide you want to). Learn more at aantonop.com
From Andreas: You may already know that my mission is to educate as many people as possible about #Bitcoin and open blockchain technologies. Watching these videos and sharing them with others is a big part of that. Thank you for being part of this mission.
***Learn More From Andreas**
Amazon & Kindle: amazon.com/-/e/B00MVAG8Z8
Audible: audible.com/author/Andreas-M-Antonopoulos/B00MVAG8Z8
E-books & Merch: aantonop.io/shop
Patreon: patreon.com/aantonop
Website: aantonop.com
Workshops: aantonop.com/workshops
***Connect with Andreas on Socials***
Facebook: facebook.com/AndreasMAntonopoulos
Instagram: instagram.com/amantonop
LinkedIn: linkedin.com/company/aantonop
Twitter: twitter.com/aantonop
Thanks for watching, sharing, and subscribing!
![Crypto Explained: What are Deflationary and Inflationary Systems? Why Should I Care? [2021]](https://i.ytimg.com/vi/jzJ20BGcdDo/mqdefault.jpg "Crypto Explained: What are Deflationary and Inflationary Systems? Why Should I Care? [2021]
What are inflationary and deflationary systems? Can you help me understand what these terms mean and why I should care? Why are these words thrown around so much in bitcoin and cryptocurrencies in general? Watch, learn, and laugh.
Chapters
0:00 I know you are not an economist but could you explain in simple terms what a deflationary system is and how it relates to an inflationary system? What are the pros and cons?
0:50 Inflationary system
2:53 Deflationary system
COMMENT below and let us know what you think of the video. Post your follow-up questions there too!
SUBSCRIBE to this YouTube channel and select the bell 🔔 for notifications: https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ?sub_confirmation=1
JOIN this YouTube channel about Bitcoin and open blockchains to become a YouTube Community Member and access custom emoji and other perks: https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ/join
BECOME a Community Builder: https://patreon.com/aantonop
LEARN from Andreas in one of his popular Workshops which will teach you practical crypto skills. There’s even a FREE Intro to Bitcoin & Open Blockchains to get you started. https://aantonop.io/takeaworkshop
You can also learn from one of aantonops many books about bitcoin, ethereum, and open blockchains. Andreas has written three technical books for developers about blockchain technology, Mastering Bitcoin, Mastering Ethereum, and Mastering the Lightning Network published by O’Reilly Media. He’s also written The Internet of Money Series books, which explain why bitcoin, ethereum, and open blockchains matter.
About aantonop: Andreas isnt promoting a company or an organization; hes paid by the community (people who support this work on Patreon and YouTube) and provides an unbiased look at open blockchain technologies, what they can do for our societies, and how to get involved (if you decide you want to). Learn more at https://aantonop.com
From Andreas: You may already know that my mission is to educate as many people as possible about #Bitcoin and open blockchain technologies. Watching these videos and sharing them with others is a big part of that. Thank you for being part of this mission.
***Learn More From Andreas**
Amazon & Kindle: http://www.amazon.com/-/e/B00MVAG8Z8
Audible: https://www.audible.com/author/Andreas-M-Antonopoulos/B00MVAG8Z8
E-books & Merch: https://aantonop.io/shop
Patreon: https://patreon.com/aantonop
Website: https://aantonop.com
Workshops: https://aantonop.com/workshops
***Connect with Andreas on Socials***
Facebook: https://www.facebook.com/AndreasMAntonopoulos
Instagram: https://www.instagram.com/amantonop/
LinkedIn: https://www.linkedin.com/company/aantonop/
Twitter: https://twitter.com/aantonop
Thanks for watching, sharing, and subscribing!")
![Cryptocurrency Explained: Can Words in a BIP39 Mnemonic Repeat? [Bitcoin, Ethereum, Security]](https://i.ytimg.com/vi/kGClNWZcYV8/mqdefault.jpg "Cryptocurrency Explained: Can Words in a BIP39 Mnemonic Repeat? [Bitcoin, Ethereum, Security]
Recently, Andreas was asked if words in a BIP39 mnemonic can repeat. The short answer is yes. If you want to learn more about how mnemonics work, and really understand your bitcoin, ethereum, or other cryptocurrency wallet, watch this 2 min video.
Chapter
0:00 Can words repeat in a mnemonic phrase?
0:10 Yes the word about repeated 23 times plus a valid checksum word is a valid mnemonic
0:58 In the English BIP39 dictionary, you only need the first 4 letters of each word!
Learn more about bitcoin and cryptocurrency key security by watching these videos:
Heres an entire playlist: https://youtube.com/playlist?list=PLPQwGV1aLnTtAmzmz6uVE0kTKXtaGX1zY
or watch
What is a mnemonic phrase? https://youtu.be/pIvgjCvGlwo
Can someone guess my private key? https://youtu.be/2eZ5DP2P5As
Setting up secure storage devices: https://youtu.be/wZ9LxLLvfXc
Worst ways to store bitcoin: https://youtu.be/x6rnAGscBrU
How can I ask questions and vote?
You’re welcome to ask your question at the next Livestream event. You can find out when it is by subscribing to the channel and turning on notifications or by visiting this playlist: https://www.youtube.com/playlist?list=PLPQwGV1aLnTtqBtaD-hSCf9RwpwQQy-Ji.
Community Builders who support this free work on Patreon get to ask questions and vote on questions at least a week before the event. YouTube Community Members who support this work get to ask questions and vote an hour before the event starts. Everyone else gets to ask questions and vote on questions when the event starts. Giving early access is a small way Andreas can give something to the people who help to financially support the mission and still include anyone who wants to participate.
SUBSCRIBE to this YouTube channel and select the bell 🔔 for notifications: https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ?sub_confirmation=1
JOIN this YouTube channel to become a YouTube Community Member and access custom emojis and other perks: https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ/join
BECOME a Community Builder: https://patreon.com/aantonop
You may already know that Andreas’ mission is to educate as many people as possible about Bitcoin and open blockchain technologies. Watching and sharing these videos is one way to do that. Thank you for being part of this mission!
About aantonop: Andreas isnt promoting a company or an organization; hes paid by the cryptocurrency community (people who support this work on Patreon and YouTube) and provides an unbiased look at bitcoin and open blockchain technologies, what they can do for our societies, and how to get involved (if you decide you want to). Learn more at https://aantonop.com
***Learn More From Andreas’ Workshops, Books & Events**
Amazon & Kindle: http://www.amazon.com/-/e/B00MVAG8Z8
Audible: https://www.audible.com/author/Andreas-M-Antonopoulos/B00MVAG8Z8
E-books & Merch: https://aantonop.io/shop
Patreon: https://patreon.com/aantonop
Website: https://aantonop.com
Workshops: https://aantonop.com/workshops
***Connect with Andreas on Socials***
Facebook: https://www.facebook.com/AndreasMAntonopoulos
Instagram: https://www.instagram.com/amantonop/
LinkedIn: https://www.linkedin.com/company/aantonop/
Twitter: https://twitter.com/aantonop
Thanks for watching and sharing!")
![Do You Run a Bitcoin Full Node? [Monthly Costs & Basic Node Configuration in 2 Min]](https://i.ytimg.com/vi/lK-OMq43nxA/mqdefault.jpg "Do You Run a Bitcoin Full Node? [Monthly Costs & Basic Node Configuration in 2 Min]
Does Andreas run a bitcoin full node? Yes, he runs several full nodes. If you want to know what bitcoin nodes aantonop runs for his own use, watch this video! He also briefly discusses some basic configurations, availability, and cost.
Chapters
0:00 Do you run your own node?
0:24 I run several full nodes
0:42 I also keep fully archival nodes, full transaction index and a full UTXO database
1:19 Do you have a particular preference for your nodes configurations?
2:17 Estimated monthly cost to run my bitcoin nodes
If youre interested in learning to run a full bitcoin node, watch this short video to learn more about it. This question is from a bonus bitcoin and open blockchain livestream event, which took place in early 2020. If you want to ask questions early (before the live event), become a Community Builder on Patreon: https://www.patreon.com/aantonop Patrons get early access to ask questions, view talks, behind-the-scenes content, and much more.
Learn More About Running Bitcoin Nodes:
Why Running a Full Node is Important: https://youtu.be/oX0Yrv-6jVs
In this video, Andreas explains why you would want to run a full bitcoin node, even if youre not too technical.
What is the Role of Nodes in the Bitcoin Network? https://youtu.be/fNk7nYxTOyQ
In this video, Andreas explains what nodes actually do in the bitcoin network.
Running Nodes and Payment Channels: https://youtu.be/ndcfBfE_yoY
In this video, Andreas explains the basics of running bitcoin nodes, including costs, as well as how that relates to payment channels and the lightning network.
Take a look at some of our favorite questions from recent Monthly Livestream videos:
3 Ways to to Get Bitcoin and other Cryptocurrencies: https://youtu.be/VoOjUC8uVjM
Can You Run a Lightning Node on a Mobile Device? https://youtu.be/-MirftdjOxk
COMMENT below and let us know what you think of the video. Post your follow-up questions there too!
SUBSCRIBE to this YouTube channel and select the bell 🔔 for notifications: https://aantonop.io/youtube
JOIN this YouTube channel to become a YouTube Community Member and access custom emojis and other perks: https://aantonop.io/youtube
BECOME a Community Builder: https://patreon.com/aantonop
LEARN from Andreas in one of his popular Workshops which will teach you practical crypto skills. There’s even a FREE Intro to Bitcoin & Open Blockchains to get you started. https://aantonop.io/takeaworkshop
About aantonop: Andreas isnt promoting a company or an organization; hes paid by the community (people who support this work on Patreon and YouTube) and provides an unbiased look at open blockchain technologies, what they can do for our societies, and how to get involved (if you decide you want to). Learn more at https://aantonop.com
From Andreas: You may already know that my mission is to educate as many people as possible about #Bitcoin and open blockchain technologies. Watching these videos and sharing them with others is a big part of that. Thank you for being part of this mission.
***Learn More From Andreas’ Workshops, Books & Events**
Amazon & Kindle: http://www.amazon.com/-/e/B00MVAG8Z8
Audible: https://www.audible.com/author/Andreas-M-Antonopoulos/B00MVAG8Z8
E-books & Merch: https://aantonop.io/shop
Patreon: https://patreon.com/aantonop
Website: https://aantonop.com
Workshops: https://aantonop.com/workshops
***Connect with Andreas on Socials***
Facebook: https://www.facebook.com/AndreasMAntonopoulos
Instagram: https://www.instagram.com/amantonop/
LinkedIn: https://www.linkedin.com/company/aantonop/
Twitter: https://twitter.com/aantonop
Thanks for watching!
#bitcoin #fullnode")
