Andreas Antonopoulos: Bitcoin will destroy the “golden cage” of banking

In his latest on-stage appearance, long-time blockchain advocate Andreas Antonopoulos took aim at the global banking sector, describing it as a “golden cage” akin to a cartel that would ultimately be destroyed by Bitcoin.

Speaking in front of a crowd in Munich, Germany, this June (the video was only released this weekend) the author of both “Mastering Bitcoin” and “Mastering Ethereum” argued that Bitcoin is the perfect tool to counteract what he called “the surveillance-banking cartel”. He also said that no matter what bankers try to do, they can’t shut it down; and that fundamentally, bitcoin is akin to financial freedom. Here are some of the highlights. 

The speech begins in the Nixon era, when the “Bank Secrecy Act” was passed. Antonopoulos said that this required all banks (first in the US than internationally) to operate as a “surveillance mechanism” for the government’s police force.

He said the legislation is often referred to under the acronym…