[Music] this past week malware infected hundreds
this past week malware infected hundreds
this past week malware infected hundreds of thousands of computers worldwide
of thousands of computers worldwide
of thousands of computers worldwide incapacitating some of our most
incapacitating some of our most
incapacitating some of our most vulnerable institutions like hospitals
vulnerable institutions like hospitals
vulnerable institutions like hospitals if these had been on blockchain networks
if these had been on blockchain networks
if these had been on blockchain networks this could have been prevented
this could have been prevented
this could have been prevented in fact blockchain technology can not
in fact blockchain technology can not
in fact blockchain technology can not only make us more secure but can also
only make us more secure but can also
only make us more secure but can also drive economic and social change the
drive economic and social change the
drive economic and social change the values underneath blockchain technology
values underneath blockchain technology
values underneath blockchain technology some of these values are transparency
some of these values are transparency
some of these values are transparency disintermediation which means removing
disintermediation which means removing
disintermediation which means removing the middleman collaboration and
the middleman collaboration and
the middleman collaboration and experimentation these last two
experimentation these last two
experimentation these last two collaboration and experimentation are
collaboration and experimentation are
collaboration and experimentation are what got me to where I am today in 2008
what got me to where I am today in 2008
what got me to where I am today in 2008 after the financial crisis worldwide I
after the financial crisis worldwide I
after the financial crisis worldwide I lost my job I was in San Francisco a
lost my job I was in San Francisco a
lost my job I was in San Francisco a very competitive and desperate
very competitive and desperate
very competitive and desperate environment and I very quickly needed to
environment and I very quickly needed to
environment and I very quickly needed to get creative and figure out how to make
get creative and figure out how to make
get creative and figure out how to make do with less I started reading about
do with less I started reading about
do with less I started reading about peer-to-peer networks and I found a
peer-to-peer networks and I found a
peer-to-peer networks and I found a company a startup that was doing car
company a startup that was doing car
company a startup that was doing car sharing so I reached out to them and
sharing so I reached out to them and
sharing so I reached out to them and they very quickly replied back and I
they very quickly replied back and I
they very quickly replied back and I became the first person in San Francisco
became the first person in San Francisco
became the first person in San Francisco to share their car people told me it was
to share their car people told me it was
to share their car people told me it was crazy it was a very risky to handle my
crazy it was a very risky to handle my
crazy it was a very risky to handle my keys to a complete stranger and it was
keys to a complete stranger and it was
keys to a complete stranger and it was kind of risky but it was a great
kind of risky but it was a great
kind of risky but it was a great experiment and I had wonderful
experiment and I had wonderful
experiment and I had wonderful experiences like the person whose family
experiences like the person whose family
experiences like the person whose family came to visit and he took my car for one
came to visit and he took my car for one
came to visit and he took my car for one week up to Napa Valley to go
week up to Napa Valley to go
week up to Napa Valley to go wine-tasting when they came back brought
wine-tasting when they came back brought
wine-tasting when they came back brought my car back and left me a bottle of wine
my car back and left me a bottle of wine
my car back and left me a bottle of wine in the car as a thank you I also had
in the car as a thank you I also had
in the car as a thank you I also had negative experiences like the person who
negative experiences like the person who
negative experiences like the person who borrowed my car and then got so stoned
borrowed my car and then got so stoned
borrowed my car and then got so stoned they never brought it back we eventually
they never brought it back we eventually
they never brought it back we eventually found the car and we knew what had
found the car and we knew what had
found the car and we knew what had happened because of the smell the car
happened because of the smell the car
happened because of the smell the car was cleaned everything was ok and
was cleaned everything was ok and
was cleaned everything was ok and ultimately an asset that had been
ultimately an asset that had been
ultimately an asset that had been sitting in my driveway 4 days a week
sitting in my driveway 4 days a week
sitting in my driveway 4 days a week idle was now earning me money
idle was now earning me money
idle was now earning me money in two years I earned back the value of
in two years I earned back the value of
in two years I earned back the value of the car of five year old car there were
the car of five year old car there were
the car of five year old car there were other experience experiences that also
other experience experiences that also
other experience experiences that also overlapped with these values and that
overlapped with these values and that
overlapped with these values and that have propelled me one of these is
have propelled me one of these is
have propelled me one of these is Burning Man I’ve been going for 13 years
Burning Man I’ve been going for 13 years
Burning Man I’ve been going for 13 years and it’s a fantastic example of some of
and it’s a fantastic example of some of
and it’s a fantastic example of some of these same values
these same values
these same values it’s a giant collective effort seventy
it’s a giant collective effort seventy
it’s a giant collective effort seventy thousand people living in a very hot
thousand people living in a very hot
thousand people living in a very hot desert for one week people share
desert for one week people share
desert for one week people share resources if they need help they ask for
resources if they need help they ask for
resources if they need help they ask for help the openness and the collaboration
help the openness and the collaboration
help the openness and the collaboration is very inspiring and I explored other
is very inspiring and I explored other
is very inspiring and I explored other networks as well I went to Bitcoin
networks as well I went to Bitcoin
networks as well I went to Bitcoin meetups I did couchsurfing I did time
meetups I did couchsurfing I did time
meetups I did couchsurfing I did time banking I did co-working and I travelled
banking I did co-working and I travelled
banking I did co-working and I travelled around the world at the Bitcoin meetups
around the world at the Bitcoin meetups
around the world at the Bitcoin meetups there was this practice of one minute
there was this practice of one minute
there was this practice of one minute lightning talks where anyone from the
lightning talks where anyone from the
lightning talks where anyone from the audience could come up and stand with a
audience could come up and stand with a
audience could come up and stand with a microphone for one minute and talk about
microphone for one minute and talk about
microphone for one minute and talk about anything they wanted what they were
anything they wanted what they were
anything they wanted what they were working on if they needed help with
working on if they needed help with
working on if they needed help with something if they were startup and were
something if they were startup and were
something if they were startup and were hiring anything and these meetups were
hiring anything and these meetups were
hiring anything and these meetups were live streamed so anyone all over the
live streamed so anyone all over the
live streamed so anyone all over the world could watch them and learn and
world could watch them and learn and
world could watch them and learn and they were recorded and then posted on
they were recorded and then posted on
they were recorded and then posted on YouTube so again more people could watch
YouTube so again more people could watch
YouTube so again more people could watch them and learn
them and learn
them and learn this openness and collaboration have
this openness and collaboration have
this openness and collaboration have propelled me to where I am today which
propelled me to where I am today which
propelled me to where I am today which is kind of amazing because I don’t have
is kind of amazing because I don’t have
is kind of amazing because I don’t have a technical background and in fact I
a technical background and in fact I
a technical background and in fact I regularly battle impostor syndrome but I
regularly battle impostor syndrome but I
regularly battle impostor syndrome but I went from losing my job in 2008 to
went from losing my job in 2008 to
went from losing my job in 2008 to getting paid to travel the world and
getting paid to travel the world and
getting paid to travel the world and talk about peer-to-peer networks and
talk about peer-to-peer networks and
talk about peer-to-peer networks and blockchain technology before I go any
blockchain technology before I go any
blockchain technology before I go any further I want to ask a question with a
further I want to ask a question with a
further I want to ask a question with a show of hands how many of you have heard
show of hands how many of you have heard
show of hands how many of you have heard about Bitcoin and blockchain but don’t
about Bitcoin and blockchain but don’t
about Bitcoin and blockchain but don’t quite understand what it is okay that’s
quite understand what it is okay that’s
quite understand what it is okay that’s a lot of you so I’m gonna give a quick
a lot of you so I’m gonna give a quick
a lot of you so I’m gonna give a quick and simplified overview of Bitcoin and
and simplified overview of Bitcoin and
and simplified overview of Bitcoin and blockchain Bitcoin is a digital currency
blockchain Bitcoin is a digital currency
blockchain Bitcoin is a digital currency it is purely digital does not exist in
it is purely digital does not exist in
it is purely digital does not exist in any physical form it was created by this
any physical form it was created by this
any physical form it was created by this anonymous software programmer named
anonymous software programmer named
anonymous software programmer named Satoshi Nakamoto who wrote this white
Satoshi Nakamoto who wrote this white
Satoshi Nakamoto who wrote this white paper and then uploaded the software to
paper and then uploaded the software to
paper and then uploaded the software to the internet for anyone to look at
the internet for anyone to look at
the internet for anyone to look at examine discuss copy in this
examine discuss copy in this
examine discuss copy in this peer-to-peer electronic cash system the
peer-to-peer electronic cash system the
peer-to-peer electronic cash system the key point was that it’s not controlled
key point was that it’s not controlled
key point was that it’s not controlled by a government or corporation or a bank
by a government or corporation or a bank
by a government or corporation or a bank this means that if you live in Greece
this means that if you live in Greece
this means that if you live in Greece and suddenly the banks and the
and suddenly the banks and the
and suddenly the banks and the government have decided that you can’t
government have decided that you can’t
government have decided that you can’t pull your cash out of your bank account
pull your cash out of your bank account
pull your cash out of your bank account you can still use Bitcoin or if you live
you can still use Bitcoin or if you live
you can still use Bitcoin or if you live in Venezuela where the inflation rate
in Venezuela where the inflation rate
in Venezuela where the inflation rate has shot up to eight hundred percent you
has shot up to eight hundred percent you
has shot up to eight hundred percent you can still use Bitcoin the Bitcoin
can still use Bitcoin the Bitcoin
can still use Bitcoin the Bitcoin blockchain is a network of computers all
blockchain is a network of computers all
blockchain is a network of computers all over the world that are running this
over the world that are running this
over the world that are running this program that are running this software
program that are running this software
program that are running this software the blockchain validates all the
the blockchain validates all the
the blockchain validates all the transactions
transactions
transactions and it tracks all the transactions on an
and it tracks all the transactions on an
and it tracks all the transactions on an accounting ledger this is an old version
accounting ledger this is an old version
accounting ledger this is an old version of an accounting ledger the new modern
of an accounting ledger the new modern
of an accounting ledger the new modern version the digital version is open
version the digital version is open
version the digital version is open transparent public everyone can see
transparent public everyone can see
transparent public everyone can see every transaction the date the time the
every transaction the date the time the
every transaction the date the time the amount from which account to which
amount from which account to which
amount from which account to which account and it’s on a peer-to-peer
account and it’s on a peer-to-peer
account and it’s on a peer-to-peer network so it’s almost instant the
network so it’s almost instant the
network so it’s almost instant the transaction fees are minuscule so for
transaction fees are minuscule so for
transaction fees are minuscule so for example if I live in the United States
example if I live in the United States
example if I live in the United States and I want to send money to my sister in
and I want to send money to my sister in
and I want to send money to my sister in Italy in the past I would have to do a
Italy in the past I would have to do a
Italy in the past I would have to do a wire transfer four to ten days for the
wire transfer four to ten days for the
wire transfer four to ten days for the money to arrive I pay a fee on my end
money to arrive I pay a fee on my end
money to arrive I pay a fee on my end she pays a fee on her end on the Bitcoin
she pays a fee on her end on the Bitcoin
she pays a fee on her end on the Bitcoin blockchain it’s instant miniscule fees
blockchain it’s instant miniscule fees
blockchain it’s instant miniscule fees currency conversion is no problem when
currency conversion is no problem when
currency conversion is no problem when we have transparency in these systems we
we have transparency in these systems we
we have transparency in these systems we can see where we have traditionally been
can see where we have traditionally been
can see where we have traditionally been charged fees and we can now take those
charged fees and we can now take those
charged fees and we can now take those middlemen out of the equation another
middlemen out of the equation another
middlemen out of the equation another way that the Bitcoin blockchain is
way that the Bitcoin blockchain is
way that the Bitcoin blockchain is disrupting industries is with the
disrupting industries is with the
disrupting industries is with the remittance industry migrant workers
remittance industry migrant workers
remittance industry migrant workers don’t have access to bank accounts
don’t have access to bank accounts
don’t have access to bank accounts because they don’t have citizenship in
because they don’t have citizenship in
because they don’t have citizenship in the country where they’re working or
the country where they’re working or
the country where they’re working or they don’t have permanent residences and
they don’t have permanent residences and
they don’t have permanent residences and they want to send money back home
they want to send money back home
they want to send money back home traditionally the only options they had
traditionally the only options they had
traditionally the only options they had charged a very high fees and the
charged a very high fees and the
charged a very high fees and the families on the other end had to walk
families on the other end had to walk
families on the other end had to walk and go to one location to pick up the
and go to one location to pick up the
and go to one location to pick up the money now you can send money on your
money now you can send money on your
money now you can send money on your cellphone instant transactions very
cellphone instant transactions very
cellphone instant transactions very small fees instant currency conversions
small fees instant currency conversions
small fees instant currency conversions so that’s the Bitcoin blockchain and
so that’s the Bitcoin blockchain and
so that’s the Bitcoin blockchain and that’s one lock chain there are other
that’s one lock chain there are other
that’s one lock chain there are other block chains now they all have slightly
block chains now they all have slightly
block chains now they all have slightly different applications and slightly
different applications and slightly
different applications and slightly different features
different features
different features another one I’m going to talk about is
another one I’m going to talk about is
another one I’m going to talk about is the etherium blockchain now the assyrian
the etherium blockchain now the assyrian
the etherium blockchain now the assyrian blockchain is also open source
blockchain is also open source
blockchain is also open source decentralized transparent public it’s
decentralized transparent public it’s
decentralized transparent public it’s secure cryptographically secured and
secure cryptographically secured and
secure cryptographically secured and it’s a collective effort the etherion
it’s a collective effort the etherion
it’s a collective effort the etherion blockchain was designed specifically to
blockchain was designed specifically to
blockchain was designed specifically to run automated software programs like
run automated software programs like
run automated software programs like smart contracts that’s what they call
smart contracts that’s what they call
smart contracts that’s what they call them so an example of how I could use
them so an example of how I could use
them so an example of how I could use the ethereum blockchain is if I had a
the ethereum blockchain is if I had a
the ethereum blockchain is if I had a will that left money to my niece’s after
will that left money to my niece’s after
will that left money to my niece’s after I passed away when they turned 18 when
I passed away when they turned 18 when
I passed away when they turned 18 when they’re going to university so I would
they’re going to university so I would
they’re going to university so I would write the contract I would upload it to
write the contract I would upload it to
write the contract I would upload it to the etherium Network and when all of the
the etherium Network and when all of the
the etherium Network and when all of the requirements were met it would
requirements were met it would
requirements were met it would automatically disperse the funds no
automatically disperse the funds no
automatically disperse the funds no lawyers no notaries another application
lawyers no notaries another application
lawyers no notaries another application of the etherium Network is digital
of the etherium Network is digital
of the etherium Network is digital identities securing and accessing
identities securing and accessing
identities securing and accessing digital identities on a decentralized
digital identities on a decentralized
digital identities on a decentralized network means that you don’t need to
network means that you don’t need to
network means that you don’t need to have a driver’s license a passport
have a driver’s license a passport
have a driver’s license a passport health insurance voter registration
health insurance voter registration
health insurance voter registration transit pass all individual systems that
transit pass all individual systems that
transit pass all individual systems that don’t communicate and that mean all
don’t communicate and that mean all
don’t communicate and that mean all these cards and all these documents you
these cards and all these documents you
these cards and all these documents you have to have a decentralized digital
have to have a decentralized digital
have to have a decentralized digital identity means that all of that
identity means that all of that
identity means that all of that information is in one place it can be
information is in one place it can be
information is in one place it can be accessed as needed and it’s on a network
accessed as needed and it’s on a network
accessed as needed and it’s on a network that is cryptographically secured so
that is cryptographically secured so
that is cryptographically secured so this would be useful for someone like
this would be useful for someone like
this would be useful for someone like refugees for example who don’t have
refugees for example who don’t have
refugees for example who don’t have documents lose their documents and
documents lose their documents and
documents lose their documents and travel around a lot the other advantage
travel around a lot the other advantage
travel around a lot the other advantage of this decentralized network is that it
of this decentralized network is that it
of this decentralized network is that it doesn’t have a single point of failure
doesn’t have a single point of failure
doesn’t have a single point of failure there isn’t a computer that can then be
there isn’t a computer that can then be
there isn’t a computer that can then be hacked and malware inserted and a ransom
hacked and malware inserted and a ransom
hacked and malware inserted and a ransom demanded like happened in this past week
demanded like happened in this past week
demanded like happened in this past week so there’s so many more blockchain
so there’s so many more blockchain
so there’s so many more blockchain applications that are being created
applications that are being created
applications that are being created right now this is a map of startups that
right now this is a map of startups that
right now this is a map of startups that are coming up now there’s many
are coming up now there’s many
are coming up now there’s many experiments being tried right now some
experiments being tried right now some
experiments being tried right now some of the experiments are a little timid
of the experiments are a little timid
of the experiments are a little timid they are trying to create closed block
they are trying to create closed block
they are trying to create closed block chains or permissioned block chains or
chains or permissioned block chains or
chains or permissioned block chains or block chains that are not public and I
block chains that are not public and I
block chains that are not public and I think they’re missing the point the
think they’re missing the point the
think they’re missing the point the openness and the transparency if we keep
openness and the transparency if we keep
openness and the transparency if we keep doing the same thing that we’ve been
doing the same thing that we’ve been
doing the same thing that we’ve been doing then we can’t actually reach the
doing then we can’t actually reach the
doing then we can’t actually reach the two billion unbanked people in the world
two billion unbanked people in the world
two billion unbanked people in the world who don’t have access to financial
who don’t have access to financial
who don’t have access to financial institutions who need loans to grow
institutions who need loans to grow
institutions who need loans to grow their businesses or to build new homes
their businesses or to build new homes
their businesses or to build new homes we need to embrace all of our citizens
we need to embrace all of our citizens
we need to embrace all of our citizens like we do at Burning Man and we need to
like we do at Burning Man and we need to
like we do at Burning Man and we need to collectively raise everyone up we need
collectively raise everyone up we need
collectively raise everyone up we need to recognize that a happy and a healthy
to recognize that a happy and a healthy
to recognize that a happy and a healthy me helps create a happy and healthy you
me helps create a happy and healthy you
me helps create a happy and healthy you and that collaboration adds more value
and that collaboration adds more value
and that collaboration adds more value for more people we’re at the point right
for more people we’re at the point right
for more people we’re at the point right now much like the internet in 1969 1970
now much like the internet in 1969 1970
now much like the internet in 1969 1970 when a few universities got together to
when a few universities got together to
when a few universities got together to create a communication network that was
create a communication network that was
create a communication network that was better than faxing and phone calls today
better than faxing and phone calls today
better than faxing and phone calls today we can watch and stream funny cat videos
we can watch and stream funny cat videos
we can watch and stream funny cat videos on our telephones this is not something
on our telephones this is not something
on our telephones this is not something that was imaginable at all in 1969 or
that was imaginable at all in 1969 or
that was imaginable at all in 1969 or 1970 so what can blockchains blockchain
1970 so what can blockchains blockchain
1970 so what can blockchains blockchain platforms become if we keep this spirit
platforms become if we keep this spirit
platforms become if we keep this spirit of openness and collaboration if we keep
of openness and collaboration if we keep
of openness and collaboration if we keep things transparent and decentralized if
things transparent and decentralized if
things transparent and decentralized if we disintermediate remove the middleman
we disintermediate remove the middleman
we disintermediate remove the middleman it will take all of us you and me to
it will take all of us you and me to
it will take all of us you and me to contribute to try out these new
contribute to try out these new
contribute to try out these new platforms to try new things to take
platforms to try new things to take
platforms to try new things to take risks
risks
risks it will take all of us the more people
it will take all of us the more people
it will take all of us the more people are involved the more value is added and
are involved the more value is added and
are involved the more value is added and the more possibilities we have in front
the more possibilities we have in front
the more possibilities we have in front of us
of us
of us thank you
thank you
thank you [Applause]
[Applause]
[Applause] [Music]
[Music]
[Music] you
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