Blockchain, the future of money | Nicolas Cary | TEDxManchester

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People spend their entire lives in pursuit of money, but many individuals do not really understand what creates value. Nic's presentation will explore the history of money, look at recent historical technical and social trends, and look toward the future to better understand what the future holds.

Serial entrepreneur and technologist Nicolas Cary is the co-founder of the leading Bitcoin software company Blockchain.

Blockchain has over 8 million users, and announced an outside capital round of over $30.5million in 2014, raised from several leading venture capital firms. Nicholas travels the world speaking on the benefits of FinTech and entrepreneurial advocacy, and won the 2015 European Digital Leader of the Year award for his work.

Before spending a decade building and growing startups, Nicolas taught English and participated in poverty reduction programmes in rural India. He believes his journeys around the world have informed his work as a businessman and founder.

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This is one best way to end usury and the abuse of money in all third world

pauloyih
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This is the best Talk that I've seen on this, and I've watched more that a few. Fantastic job!

bonnieowens
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all thing's have pros and cons so why would the bit coin be any different.

maxpower
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I like his enthusiasm. Problem is that BTC and so on are hardly any storage of value due to the huge volatility. And then there is the problem of scale that he didn't bring up at all, BTC is able up to a few dozen transactions/sec whereas VISA handles thousands every second. Then there is the problem of key storage, he didn't mention that either. And the forex market is well and alive and transacts 5.000 billion USD every day.

FighterFred
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How is it most of the blockchain vids I find are all 2017... anyone 2019?

RichardOpokuEngineer
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Rather than create new crypto coinage, why not just tie a crypto to an existing standard such as the 'dollar' or 'euro'? I don't see where current crypto-currencies are tied to anything but themselves. Having an e-version of existing currencies using blockchain would enable the same advantages using a familiar, easily understood value. Telling me I need to pay .000034 bit coins for a loaf of bread does not allow me to instantly know whether I paid too much or too little.

networkteacher
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He sent an email to her mother in her birthday! 😱

FabricioVargas
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Who bears the cost of maintaining the ledger in Bitcoin? Like for credit card it is charged by intermediary for maintaining the ledger.

SamvadSoul
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@12:12 Jesus, I just wanted some beer....

rdormer
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The real problem is that currency is not something that the Governments of the world will just give away like anything. It impinges into the sovereignty of the country. I'll buy Blockchain money but only the cryptocurrency which the government recognises as legal tender.

rammani
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hello sir! can I talk with you once ?

thuglifevideos
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DLT that is facilitated by blockchain is not sustainable. Humans cannot afford that, even though we badly need it and want it.

thedeacon
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At Nicolas Cray sir I urgently need your help sir

emmahmafalla
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sounds great but what about the risks or ability to convert for goods and services? hacking? theft of assets or personal information? currency fluctuations? stability? government or regulatory protections? i don't expect all of this to be solved overnight, and i think digital or block chain is perhaps a foregone conclusion over time. but eliminating all or most of these risks in the short or medium-term is necessary before it all goes maintstream.

jabeles
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Great video. Barter never really took place though. It was more the creation of debt.

You gave me 4 chickens last week. I owe you 4 chickens worth of value. Let’s wait until that gets to 10 which is worth my goat. Etc

misterjaypeasmith
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but i have direct deposit. Ol' ball and chain with Chase.

satellite
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Because if we spend spend spend our lives become developed by our pay...you manager may make more money he just buys better furniture hes still broke

jamesdavies
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talk about the "future of money" by someone who doesn't seem to know much about the past & present of money!!!

he should read "Web of Debt" (by his fellow american Ellen Brown) before giving any more money-based presentations

lancsFrogger
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No inviertan, solo son mentiras no les van a depositar nada, solo les esta pidiendo dinero tras dinero y le dicen que ya casi depositan pero solo es humo

elmerrecinos