How The Blockchain Will Radically Transform The Economy

Published by bizcon on

Published on Dec 8, 2016
Say hello to the decentralized economy — the blockchain is about to change everything. In this lucid explainer of the complex (and confusing) technology, Bettina Warburg describes how the blockchain will eliminate the need for centralized institutions like banks or governments to facilitate trade, evolving age-old models of commerce and finance into something far more interesting: a distributed, transparent, autonomous system for exchanging value. TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world’s leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design — plus science, business, global issues, the arts and much more. Find closed captions and translated subtitles in many languages at http://www.ted.com/translate Follow TED news on Twitter: http://www.twitter.com/tednews Like TED on Facebook: https://www.facebook.com/TED Subscribe to our channel: http://www.youtube.com/user/TEDtalksD…

 

 

Very informative video! Thanks Bettina!

 

 

 

is she related to Paul Warburg?

 

Oooohh boy this is a tricky one…. In some ways I see where they are coming from… I just always get cautious when you have something like this… How does the management work… What if someone interferes with my profile, how do you decide whats gets revealed and what doesn’t… What if someone wants to live off grid, if this was a system everyone would be tied together… I think that a benefit with money is that it ISNT recorded.. In some ways yeah it will add more safety, and it tries to add a level playing field between both parties… hmmmmmmmm idk, its tricky cause I do agree that certainly in the U.S a lot of institutions are just outdated and slow… How would this work with government, would institutions use this when say working with legal contracts like with property??? Or would this be purely just an OPTIONAL database that the seller and buyer could use to get information on the property? I definitely know that our own government makes doing these transactions tricky, because there is one center for the information so both parties must be willing to hunt around and sleuth for info, a system like this would definitely alleviate stress, and hassle… The main fear I think I have is what must we give in return… Obviously this database will need people to gather all this information, and how will they obtain this current information? Some records will have to be purchased from government institutions, it seems complex… complex systems usually have more areas for flaw… Idk… People smarter than I an will have to weight the pros and cons, and further discuss the implications of something like this…. but my fearful monkey brain makes me cautious of things like this..

 

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A video worth watching thank god.

 

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>2013 >BITCOIN WILL BREAK GLOBAL CONTROL >2016 >BITCOIN IS NWO SATANIST PLOT I love you guys, for real

 

49

I normally avoid TED talks, but I love blockchain technology so I gave this video a go. I wasn’t disappointed. Like the points about how our societies got more complex and world trade grew. Right now we are at a stage where the world is a very small place. Movement is easier for people and ideas. Institutions can try (or just sabre rattle) to regulate and stop blockchain developments. I fear they are scared and not sure of what blockchain can achieve. If there is more regulation, sure privacy coins will become more widely adopted and demanded. DeepOnion in particular believes in decentralisation and total anonymity for transactions. Additionally Lightening technology will be a game changer in this industry.

 

As much as I believe in blockchain, this video looks like something you’d find as an initial clue in the post apocalypse as to why it happened.

 

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My gosh she is so pretty.

 

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Yes… If blockchain is like WIKIPEDIA, I will be able to edit my credit score to 850, and add a few ZEROs to my bank account. The best part is, everyone will see it right away!!

 

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Sure, make the new deep web in Blockchain I’m in.

 

4

Bettina Warburg.. Warburg?? WAR-BURG?!!!

 

14

This whole thing is a scam, Rockefellers, Rothchilds, Banks are cryptocurrency. They want to get rid of paper cash, which is harder to control. With technology numbers, they’ll be able to control all of your money. They’ll be able to take from you whenever they want, deduct and even stop your account if you protest against them. Total control. They are just baiting you with “governments can’t control your money” bullshit, its a LIE.

 

 

Finally an improvement to poe.trade

 

12

This is exactly why Governments including their three letter agencies as well as banks have been attacking blockchain especially Bitcoin. They cannot allow us to cut the cord and be independent of their control. Another thing is blockchain could be used to secure elections preventing fraud by 99.999%. So if the government was honest, you would think they would love and embrace it. No way will we see the US government ever want to allow blockchain backed elections.

 

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