Understand the Blockchain in Two Minutes

Published by bizcon on

Published on Apr 18, 2016

 

Over the past decade, an alternative digital paradigm has slowly been taking shape at the edges of the internet. This new paradigm is the blockchain. After incubating through millions of Bitcoin transactions and a host of developer projects, it is now on the tips of tongues of CEOs and CTOs, startup entrepreneurs, and even governance activists. Though these stakeholders are beginning to understand the disruptive potential of blockchain technology and are experimenting with its most promising applications, few have asked a more fundamental question: What will a world driven by blockchains look like a decade from now? Learn more: http://www.iftf.org/blockchainfutureslab Contact us: http://www.iftf.org/blockchainfutures…

Caption authors (Portuguese)

Renato Galluzzi Robson Silva Junior

Caption author (Spanish)

Lebron784

Caption authors (Polish)

Rafał B. Roman Zaborowski

Category

Nonprofits & Activism

License

Standard YouTube License

 

 

 

 

 

The Geeks have obliterated the International Banking System. Revenge for the Global Financial Crisis, long in coming but sweet. Bless them. Wow.

 

 

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I still have no clue as to what this blockchain is. I guess that’s how my grandmother felt about internet.

 

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Blockchain will eventually be exploited by governments looking to collect tax.

 

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i see this becoming skynet

 

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Exciting blockchain future

 

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One Love

 

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Cool video. Left out any mention of proof of work though. You can’t separate bitcoin from the blockchain, so any future killer apps will be built on the whole system (bitcoin + blockchain = Bitcoin).

 

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One of the better explanations on YT, thanks

 

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What if Blockchain was put together from the same evil bankers your trying to hide your money from?

 

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is it just me or is it scary the potential effect blockchain can have on the global economy

 

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Using bitcoins to highlight the supposed security of this system is laughable considering that last year hackers made off with something like a billion dollars worth of the digital “currency”. Of course, this is all speculation because no one knows what bitcoins are worth, and it’s really just fool’s gold at the moment.

 

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Here we go. A consortium of giant corporate interests have found a way to eliminate government and simply have our tax dollars go directly to our corporate masters. This is good, this is wonderful, this will totally change the way we live! Only the last statement is true. Now our corporate masters will begin having their news services tell us how the banks and business conglomerates are being changed and revolutionized but some how they will still exist and still have successes privately distributed to share holders and failures paid for by tax payers.

 

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Intangible and useless when things go dark. A sharp stick will be of more use.

 

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Too confusing, got my dick stuck in a toaster.

 

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The form of technology does not matter, the rich will benefit first and most. I remain pessimistic to the extreme.

 

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But where does the responsibility and accountability lies in case of blockchain? in case of Money banks can be held responsible and they fix the problem but in case of bitcoin if things go wrong there is not one org which can be held responsible and fix things?

 

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this is going to replace paper money you mark my words

 

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Can we kill the idea that Blockchain will enable E-Voting? If there is a verifiable record of how someone votes, history shows that leads to voter intimidation. If you don’t trust that your vote was counted, software isn’t going to save you.

 

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I have just started researching this blockchain business, and I have much more to learn; however, there is one huge, glaring question: All this depends on the internet, but what happens in the event of an EMP attack or violent solar storm in which all electronics, and computers in particular, are fried?

 

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