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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36 COMMENTS

  1. In case you were wondering what beauty with brains looks like….She is absolutely gorgeous. And the video was very educational off course.

  2. Nice video! Bettina Warburg, keeping doing what you are doing! (Especially being a woman in blockchain industry)

    We just posted a video about a female entrepreneur in the blockchain industry and you should check it out!

    https://youtu.be/_DkfB32C5X8

  3. Poor analogy, comparing block chain to Wikipedia. Wikipedia is overseen by a group of people and not everybody. Also, it's not encrypted or immune to being altered by the group of people who ultimately decide what is on Wikipedia.

  4. To the People of GOD, its time to go! Watch and pray! Rapture is near!
    Search "Watch Elon Musk's Neuralink presentation" in YouTube (Revelation 13:16)

  5. The 'Decentralisation' part of the cryptocurrencies is the biggest joke. Something which is so valuable that it represents value itself must be highly regulated so that it works effectively in same manner for everyone. Without regulation by a central authority cryptocurrencies will be just like 'cocaine' and 'Heroin', valuable but illegal with very high fluctuations in value and apparently useless for public in general.

  6. NOT IN AUSTRALIA …THE GOVERNMENT HAVE ALREADY PLANNED TO STOP IT SHOULD IT BECOME A THREAT TO THEIR AGENDA ….

  7. Basically, Blockchain is bad because it isn't eco-friendly and it will kill the world computer networks speed, plus it will have a demand for computer hardware! If people want to use real money they should use gold like before! Banks will stay and they will run the blockchain exchange and lending! however, it is a good way to preserve unique data all over the world like passport information and people IDs

  8. It's just a system of transaction, no different than Mastercard or Western Union. If the 20th century has been any indication as for what (or to) technology does to us, I strongly oppose systems of increasing efficiency. As it is, our accounts are automatically debited, rents are set at "market price", and not a single person on earth can comprehend the complexity of money or digital systems.

    Electricity was to supposed to bring us a greater standard of living. Now, we work 24-7, day or night, rain or shine, year-round without pause for holiday or family. To call "Bitcoin" money is absurd. Money is a fixed physical asset humanity can easily comprehend, hold, and assay. Seashells and beads are more "money" to me than an intangible system that is supposed to represent "money".

    Bitcoin is the store of nothing. It is the progression of mind control, for rubes and communists. Even the Chinese, famous for their materialism and calculation are in open revolt against the digital systems that invade and dominate every aspect of their lives.

    There is nothing secure about our digital systems. The propaganda surrounding Bitcoin as an asset is absurd. They tell us only a certain quantity can be "mined" even though the units are infinitely divisible. Money is not supposed to have a singular universal, transnational, global standard. Bitcoin is nothing more than the extension of a system of digital slavery, where every aspect of transaction can be monitored by parties beyond the parties concerned.

    I do not want to go to my Farmer's market with Bitcoin, I do not want to get "Bitcoin" in my Birthday cards. When I choose to gamble in a casino, I want to feel the weight of my chips. Even a child in an arcade loves to deliberate over what can be exchanged for the tickets he has won. It is the feel of receiving something tangible for your time, holding that tangible to represent that time, and then exchanging that tangible for the time of another, or a tangible of a different kind.

    The very idea of "Bitcoin" as money, or as a monetary system is the antithesis of what it is to be human living in a tangible world. Bitcoin is yet another deprivation in the steady march of "progress" away from Nature, Community and the Humanity we discover by interacting with the world in tangible and spiritual ways.

  9. I have been so comfortable since I met this hacker via recommendation. Even after several transaction I just got 2.6btc now from hack_Cole on Instagram within few hours! He is legit and fast

  10. I watched it all and am still lost. Her enthusiasm shows in her face but I am amazed that she delivered the entire speech and didn't move around-at all-not an inch. Plus, her elbows never moved more than a few inches from her sides (sounds weird, I know-strange thing to notice). Other TED talks I have watched, the speakers were really animated and engaging with the audience. You could hear a pin drop here and when they cut to the audience, I felt like they had no idea what was going on. It didn't seem like they really understood it at all either. I could be wrong. At the end, I couldn't tell if they were clapping to be polite (pretending they understood) or because they were glad it was over. I have heard the term used a lot lately and I had hoped I would get an understanding of it by watching but I'm still lost.

  11. I started following the Bitcoin revolution in August 2017 after learning about it in seminar I attended that was invited by my friend and so last year I decided to go into it by buying 6BTC when Bitcoin was at $14,460 with the hope that it will amount to $50,000 per BTC according to prediction of 2018. I kept it in my wallet hoping for it to rise high so that I can gain massively from my investment but it turned out to be that reverse was the case and my investment keep declining and so I was a bit worried and was trying all means to recover my investment by trading in different market and I lost close to 1BTC. I decided I won't trade again and have to go into deep intensive research and I found a beginners trading post which talks about strategies on how to trade and make profit and I was like how is it possible? But I decided to give it a try and contacted the person in charge Mrs Linda who now explained to me the different ways to make profit in this bearish market. So I invested 2 BTC of my coin in November 2018, and it quickly rose to 6 BTC towards the end of December 2018, and I was convinced that I have finally found the best way to make good profit from Bitcoin. If you're still confused about the steps to take this year I urge you to contact Mrs Linda on telegram @lindastewart or whatsapp +447723712364 for all your cryptocurrency questions, strategy and beginners coaching and how he can equally help you get started to financial freedom.

  12. It will make permanent the wealth inequality we face in the world today, anyone pushing the status quo, especially through blockchain, is the enemy of the people.

  13. After this blablabla propaganda I remmember that I oppened a bitcoin account. It was in that problematic japanese company. Don't have the key anymore (computer hd bug that was backed up in the unfiable microsoft Onedrive that deleted ALL my files, not just those that surpassed the 5gb space). Is that lost, or someone can track it for me? Lotta problems to be a dependable system to me …

  14. Bitcoin is nothing!!
    Two current problems it has:
    1/ Its not centralised! {She mentioned a contract of agreement, so now ppl have to learn how to write legal contracts that hold up in a court of law} Blow me!!
    2/Its not stable!

    A central bank can operate as a middleman between buyers and sellers to ensure a smooth transaction, Bitcoin can't do that.
    Its not stable, try buying anything with bitcoin over the value of $1,000 dollars, bitcoin one day is worth $10,000, the next day its $8,000. So therefore the seller worries about its tmr value.

    Western {Centralised banks} Are looking to install their own block-chain currency with a separate block-chain currency to be used as the global reserve currency. Currently the USA {dollar} is the reserve currency which means its impossible for the USA to run a surplus.
    This problem has been looked at by the Swiss, UK, EU, Japan and the USA.

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