How the blockchain will radically transform the economy | Bettina Warburg


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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.

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Cryptopay

44 Replies to “How the blockchain will radically transform the economy | Bettina Warburg”

  1. Coins that got my love for profit and Wealth are: ZCash (ZEC) and Fastcoin (FST).

    Fastcoin is a real option and second best to Litecoin. This serving as a tip for the late crypto investors who might have missed the Litecoin take-off cruiser.

  2. [email protected] she's boring as f*ck!!! Procrastinating over high-level comparison!!!

  3. So, how does someone create applications "on top of the block chain" to isolate "objects"? Using your example, houses would store records on the same block chain as everyone else (assumption, perhaps incorrect), but they need an app that isolates all the noise and simply provides house data…or the "object" they care about. Can the community help set me straight? Do I need to us the BC technology and create a separate app, coin et al? If so, how do i get the BC code? TIA…sorry to be so clueless….just getting started.

  4. LOL you are about 10 years late to the party. Once quantum computers become available the bitcoin block chain will no longer be secure as it is a classical algorithm and not a quantum one and can be cracked in seconds by a Quantum computer.

  5. This is a very insightful video. but what happens when a "node" aka bitcoin miner becomes a government with big expensive computers spitting out lots of bitcoins. What happens then? can't that node possibly distribute false information. Please explain?

  6. Bit coin is a scam. It is a speculative business (basically buy low and sell high). If a point of saturation is reached, there won't be any one to buy the bit coin immediately and the price will crash in moments.

    There are many fundamental flaw in the bit coin technology.
    1. Everything is a mere algorithm.
    2. Bit coin miners are not doing anything of economic value to the economy. But are getting bit coins for solving use less mathematical program given by another program.

    3. minting of bit coin for solving problem, minting one bit coin every 10 minutes, Totally nonsense

    4. it's all created with a hidden agenda. To cheat money of innocent peoples.

  7. right off the top I can tell you I can tamper with it.v
    how? any network of false support group to prop up a line for a longer period of time can build a faults realty that echoes pass any security. human frailty of blind faith is still in demand. your a classic example. why would they hire a hot model to sell a scam if the scam is not a scam

  8. Currency, in every format, is a pyramid scheme. It takes more and more people to buy into it or the whole system falls apart and becomes extinct. Life also falls into this category which is why it has been said only stupid people are breeding. I'm certain we need to reassess needs and desires and build a foundation for a Gift Economy where money is considered secondary to people instead of the other way around.

  9. ALL that terabytes of hashed data cant be only ledger info ,they all tell it how good it is and all but ı dont understand what that all massive process power decypher what type of hashed data.

  10. The description given in the beginning about how trade works is wrong.
    1) We still enforce our trade deals using violence or social punishments — there are no other options and there never can be.
    2) Trade routes have been extensive throughout the lifetime of humanity; they where never only on the village level but have always spanned larger regions.

    Blockchains are not a silver bullet that solves anything. Good old fashion money solves that problem much better — you can even send it to people without it being traced back to you — just use send it as a letter — something that blockchains does not offer. The guarantee that she claims that blockchain offers, it reallty doesn't offer at all. Blockchains are little more than a way to trace interactions between people. I prefer good old fashion physical money to any digital currency.