What is really unique and valuable about bitcoin or ethereum? It's more than monetary policy. More than smart contracts. In this video, Andreas explains what he calls, "The Fairness Protocol", using a story from his childhood of his cousins, a bowl of french fries, and the dilemma of how to fairly split the food between two hungry boys. Watch this video to understand how open blockchains, like bitcoin, have value - in a whole new way, the fairness protocol. Chapters 0:00 Wait, haven't bitcoin, ethereum, and open blockchains already won? The industry is booming! 0:51 Stop celebrating the moneyed interests, start remembering why we're doing this. 1:51 We care about achieving certain goals. Decentralization isn't the goal. 2:19 The goal is fairness. How do we get to a fair society? 2:54 Decentralization, consensus algorithms, blockchains are ways to achieve fairness, in a new way. 3:24 Fighting over chips: the story of my aunt, 2 cousins, and 1 bowl of french fries 6:05 The game of split and choose, incentives and disincentives for good behavior 7:22 The fairness protocol explained 8:50 We've moved from dictators to institutions to self-enforcing systems to achieve fairness through a fairness protocol 9:18 We're using tools like digital signatures, hashes, zero knowledge proofs, to create games. Fairness protocol games 10:23 It's not about the monetary policy of 21 million bitcoin, or smart contract execution, or DApps, or blockchain improvements, it's about delivering fairness, at scale, without intermediaries 11:18 Enforcement is included, by design, in fairness protocols 11:48 We have a pattern, a system, that allows fair outcomes without violence or an intermediary to enforce things 13:15 Examples of fairness protocol games in bitcoin, ethereum, lighting network, atomic swaps, smart contracts 14:15 Moneyed interests, do not see or value the fairness protocol, they want to make money 15:36 Stop applauding. They will abandon the fairness protocols they don't understand 16:31 They will try to reintroduce the aunt. Because that's what they know 18:32 Why do we need to build and maintain fairness protocols? 21:50 We built this system because other systems for achieving fairness have failed us. Repeatedly. Andreas delivered this talk to a "live" audience (via Zoom) at the Latin American Bitcoin Conference 2020, better known as LABitConf in December 2020. This event and its organizers hail from Argentina, which is why Andreas specifically references Argentina and spanish-speaking countries in the talk. Andreas has participated in almost every LABitConf since 2013 with just a few exceptions. He enjoys talking with people from Latin America about bitcoin and open blockchains, because they already know why the world needs these technologies. They want to understand how to use them. Related Videos: Rules Without Rulers: https://youtu.be/gq-t7Ky6QmE White Markets, Black Markets (LABitConf 2018 talk): https://youtu.be/ffmu6t7PtO0 Becoming a Bitcoin Educator (LABitConf fireside chat): https://youtu.be/0CLJdfMgKhI 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 ENROLL in aantonop's FREE Intro to Bitcoin & Open Blockchains Workshop: https://aantonop.io/takeaworkshop ***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!