Uploaded January 2022 | Updated September 2026, 4 days ago
This time on Dare to Be Stupid, which is a correspondent series distributed as part of the Speaking of Bitcoin podcast, correspondent George Frankly shares another surprising look at glitches in human behavior and what we can learn from them.
In this episode we explore the endowment effect, the phenomenon of collectible cryptocurrency wallets and more.
This episode was written, edited and performed by George Frankly with additional production assistance from Adam B. Levine. Music for this episode was provided by Gurty Beats and Jared Rubens. Art for this episode was created by Adam B. Levine/Pixelmind.ai
This time on Dare to Be Stupid, which is a correspondent series distributed as part of the Speaking of Bitcoin podcast, correspondent George Frankly shares another surprising look at glitches in human behavior and what we can learn from them.
In this episode we explore the endowment effect, the phenomenon of collectible cryptocurrency wallets and more.
This episode was written, edited and performed by George Frankly with additional production assistance from Adam B. Levine. Music for this episode was provided by Gurty Beats and Jared Rubens. Art for this episode was created by Adam B. Levine/Pixelmind.ai
![Cryptocurrency Explained: Understanding Double-spend, Block Re-Organization, & Consensus [Bitcoin]](https://i.ytimg.com/vi/hixM4u7ep58/mqdefault.jpg "Cryptocurrency Explained: Understanding Double-spend, Block Re-Organization, & Consensus [Bitcoin]
Today there were headlines about a double-spend in bitcoin! Many took that to mean that bitcoin has a catastrophic flaw (it doesnt) or the network is not secure (it is) or that bitcoin is somehow broken (its not). Watch this video to learn the truth about what a double-spend is, what its not, and how to separate FUD from facts. tl;dw: Nothing abnormal happened.
Chapters
0:00 Did a double spend happen on bitcoin?
1:31 What happened?
5:46 Miners are competing
18:53 2 competing blockchains
20:47 Consensus fork
22:41 How is consensus fork resolved?
26:10 What it means when someone says my transaction has confirmation
27:25 This process ensures that double spends are not successful
28:53 2 miners found 2 blocks simultaneously and broadcast them
29:17 Bitmex research and monitoring
29:58 What happens to transactions in those 2 blocks?
32:33 The Mempool
34:42 Double spend attempt
38:19 This doesnt matter for small amounts
41:47 Risk assessment
43:28 I would sell my house for 0 confirmation
44:56 Miners will take the most fee they can
48:59 How do we move forward? It seems fake news is becoming a major problem within bitcoin.
53:39 Do you think its easier to fake articles about bitcoin than it is about anything else? Given the complexity of the blockchain and how so many people that hold bitcoin dont really understand it
54:23 Was it the same transaction in the two blocks? It seems the amount spent is different. If yes, could it be indicative of someone deliberately trying to spend the same bitcoin twice and testing waters if there was some protocol flaw?
56:59 In my opinion what happened is too unlikely without being premeditated. Maybe someone has been propagating two different transactions like these for a long time until he finally got lucky and they were precisely included in 2 competing blocks
58:22 Would a node continuously propagating competing transactions get banned from connecting to the peer-to-peer network?
1:01:11 I think it would be beneficial to explain how a merchant should treat a bitcoin transaction and how the number of confirmations to wait before accepting a transaction should possibly scale.
1:10:21 Can Proof-of-Work provide immediate block finality like modern Proof-of-Stake algorithms
1:12:29 Why the clickbait title?
1:13:43 Announcement - Open topic Q&A
1:14:16 One of the solutions to confirmations is the lightning network
1:15:55 Conclusion
Are you interested in really understanding bitcoin? In this video, aantonop (one of the most trusted, unbiased sources of crypto info) answered questions bitcoin transactions, network double spends, how consensus works, and much more. Don’t miss Andreas version of what happens if you let someone drive away with your car after only 1 confirmation.
COMMENT with your questions and let us know how you like this video.
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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 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
***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
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Website: https://aantonop.com
Workshops: https://aantonop.com/workshops
***Connect with Andreas on Socials***
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Music: Unbounded by Orfan (https://twitter.com/grassfedbitcoin)
Thanks for watching!")
![aantonop Crypto Comedy: Awkward Holiday Conversations about Cryptocurrency [This is Satire]](https://i.ytimg.com/vi/hjOTi3Vaiqo/mqdefault.jpg "aantonop Crypto Comedy: Awkward Holiday Conversations about Cryptocurrency [This is Satire]
Watch this video where Andreas delivers 30+ minutes of crypto comedy on topics like, why do people buy xrp & conspiracy theories and bitcoin. Everyone has had an awkward holiday conversation about cryptocurrency, lets talk about what you should have said. This entire video is comedy, you will learn nothing!
0:00 Awkward Holiday Conversations about Cryptocurrency starting soon
0:53 Introduction
2:32 Aantonop Workshops
4:50 Whats the best strategy to deal with an older family member with an advanced business degree that says things that are often quite wrong about bitcoin (e.g. its vaporware designed by criminals and mostly used to sell drugs on the darknet)?
6:17 Im dating someone new and havent yet mentioned my love affair with bitcoin. I want to give them a few sats for Christmas. How do I make this not an awkward holiday conversation?
9:45 Is it the right time to sell bitcoin? What do you say to someone to whom youve gifted bitcoin previously that asks if its the right time to sell every time bitcoin is in the news?
11:30 How should I respond when my distant half-drunk cousin who I dont really like asks (in front of everyone), So when are you gonna give us all some of those bitcoins you got? I dont even have one bitcoin yet but I dont want to tell them that.
15:02 NoCoiners think that when the number goes up we get excited & watch the charts more. Its nice but if youre really in it, youre watching more when it goes down!
16:55 Is there an elegant way to make a backup for someone that really wants bitcoin as a gift, but is unlikely to follow directions related to custody and security?
19:48 In my experience, giving BTC away leaves the perception it holds no real value, and people will often end up losing it. Whereas everyone I paid BTC to (for say plumbing / selling their music) equate their effort with value & keep it safe. Is teaching security & how to buy and transfer to a wallet a better gift?
21:30 I once gifted bitcoin to someone that later asked me if it was ok for them to use it to buy drugs online before pot was legal in Canada. What would you have said?
25:03 I helped most of my family buy bitcoin during the 2017 hype. Then a few months ago I bought it all from them because I felt they kinda blamed me for losing money. Now theyre freaking out because they couldve sold now and not lost any money & some of them couldve profited a little. What should I do?
27:09 As a noob in 2017, I advised everyone to buy Bitcoin. Of course, they didnt. Now, they think I am a millionaire. How do I tell them I am still down 7% on my investment?
30:56 I foolishly brought up the subject of cryptocurrency and how I own a bit of Bitcoin at a lunch. One of the friends asked me how much Bitcoin I had. I stammered. How should I have responded?
32:40 Why people buy XRP? Sister asked me if it was wiser to buy XRP since that was the coin the banks trusted (Christmas 2017). What should I have said?
36:26 Keeping your bitcoin holdings secret. I paid someone a small debt with bitcoin. However, the transaction featured a large amount moving from my address, with a large portion given back as change. The recipient now knows how much bitcoin I have. What is the best way to prevent this?
39:25 Ungrateful kids and crypto gifts: As a small gift in Christmas of 2018, I gave paper wallets with 10 EUR. 1 of the kids asked Only 10 EUR? I wanted to answer inflation, store of value & Bitcoin halving but since he was only 6 I just smiled. What could have I answered, for the adults to listen?
41:28 Conspiracy theories and bitcoin: A friend believes in conspiracy theories, he thinks bitcoin is on the side of banks and evil elites. What can I say?
How can I ask questions and vote?
Community Builders who support this free work on Patreon get to ask questions and vote on questions at least a week before the event. Community Members who support this work on YouTube get to ask questions and vote on questions a day before the event starts. Everyone else gets to ask questions and vote on questions when the event starts.
BECOME a Patreon Community Builder: https://patreon.com/aantonop
JOIN this channel to become a YouTube Community Member and access custom emojis and other perks: https://aantonop.io/youtube
SUBSCRIBE to this YouTube channel and select the bell 🔔 for notifications: https://aantonop.io/youtube
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
***Learn More From Andreas’ Workshops, Books & Events**
Website: https://aantonop.com
#bitcoin #cryptocomedy")
![Learn About Bitcoin Taproot Activation & See the Numbers for Yourself [May 23, 2021]](https://i.ytimg.com/vi/jUwqFkPAoNY/mqdefault.jpg "Learn About Bitcoin Taproot Activation & See the Numbers for Yourself [May 23, 2021]
In this video, Andreas explains how to use taproot.watch to see activation signaling in real time. Follow along, listen, and learn.
Chapters
0:00 Looking at taproot.watch, what data is actually showing and what does it mean?
4:36 Can a bad state actor stop 90% from being reached? What is UASF?
5:59 Can I help it somehow to reach 90%?
This question was asked as part of the May 2021 bitcoin and open blockchain monthly Q&A session. Watch the entire video here: https://youtu.be/5bY4D33o5SU
Learn more about taproot, like what it is and why it matters in these videos:
https://youtu.be/U0T49duRt74
https://youtu.be/inseDi7OtCY
COMMENT below and let us know what you think of the video. Post your follow-up questions there too!
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JOIN this YouTube channel 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. Andreas has written three technical books for developers about blockchain technology, Mastering Bitcoin, Mastering Ethereum, and Mastering the Lightning Network (2021) 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’ 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, 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!")
