Blockchain is Eating Wall Street | Alex Tapscott | TEDxSanFrancisco

Author of best seller "blockchain revolution", Alex share in this talk about how the blockchain the technology behind bitcoin Is changing money, business, and the world.

Alex Tapscott is the CEO and Founder of Northwest Passage Ventures, a consulting firm focused on early-stage, high growth companies in the Canadian and U.S. Capital markets. His is also co-author, with Don Tapscott, of the new book Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World (Portfolio / Penguin Random House 2016). Alex was Director of Institutional Equity Sales at Canaccord Genuity Inc. from 2008 to 2015. He managed a diverse client base of value, growth, long/short equity, merger-arbitrage and activist investors, including many of the largest asset managers in Canada and some of the largest hedge funds in New York. A graduate of Amherst College and a CFA Charterholder, Alex serves as a research fellow for the Global Solutions Network (GSN) program at the Martin Prosperity Institute at the Rotman School of Business in Toronto and sits on the board of CAMH Engage, a young leadership counci

This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at

41 Comments on Blockchain is Eating Wall Street | Alex Tapscott | TEDxSanFrancisco

  1. Here is the issue. People can’t trust financial managers or institutions because they actually provide no service. Same issue with government. You can’t trust a system that is merely designed to perpetuate itself.

    If all you stand for is money then that’s just what you become.

    This is why 60 percent of America didn’t vote, this is why people are not investing.

    • Martin Cleary That’s just it, we don’t need police or government at all.

      They’re only there to act like they are there for us, when in fact, they are there to make sure you pay up for watering your garden or catching a fish to live. In fact, none of us have to pay tax, google makes enough money to buy everyone in a world 10 hamburgers every day forever. And they aren’t even that rich compared to the Queen with 500 Trillion and the other 15 Families worth just as much.

      Disgusting world with disgusting people in it who care for nothing but death, sex with their own children and fucking money.

      Only tools and lazy fat people like yourself think we need government. If we didn’t have money, the crime rate would go to almost 0. Then all we have to do is focus on psychos who literally are psychos because of the poison their parents had. McDonalds, Soda anything in a box on the shelf (If not grown yourself) filled with Fluoride, Mercury, Aluminum, Barium, Strontium,++++++++ Wheat, Corn, every fucking thing is poisoned on purpose, not to mention TAP WATER…Really? Medicating the world without permission or consent? Sounds like a mass murder scheme to me.

      And you’re all eating it and drinking it thinking mutated children are just how it is..Well it’s not suppose to be, Satan made it that way by poisoning your daily life via Chemtrails. Your genes are mutating and you wonder why women bare Psychotic children with no Empathy.

      EVERY person in the WORLD would have the opportunity to move the world forward in ways we’ll never see.

      All cancer cures, any cure is flushed down the toilet if the Government can’t patent it and make any money from it

      You only believe that we need them because your life is a lie.

  2. Obviously, predatory corporatist-capitalists will make every effort to abuse every aspect of this ‘chain’….

    • Temper This is why the bottom 99% will take back all of the money the top 1% sociopaths ‘legally’ steal.

    • coldf… they are theoratically and practically unable to abuse it. all they can do is to buy and sell btc. or invent their own that has no value to outside parties.

    • Tnebr Sounds like you’ve not met sociopathic power-abusing humans. It’s called, lying, deception, etc.

    • They will probably launch BIG,worldwide anti Bitcoin campaign.They will try with everything they can to discredit BTC.How? example: “BTC is only used for illegal activity!” and similar.We will see how will this go.

  3. I love 11:50 .. First i thought it was funny because Alex Tapscott says “half the room got that, half the room didn’t” and we afterwards see the room no one but one woman smiling. Tough crowd.
    BUT. I looked the Two and Twenty rule up, it is a type of compensation structure that hedge fund managers typically employ in which part of compensation is performance-based. This phrase refers to how hedge fund managers charge a flat 2% of total asset value as a management fee and an additional 20% of any profits earned.(Investopopia).

    – And if the new rule is 0-0, that’s quiet a change!

  4. The evil that is fractional reserve banking and creating money as debt is what needs to end and technologies like this can help.

  5. Lets say I have 100 bitcoins as a company. This is all of my assets. This is the unit I use to purchase things with. Bitcoin value is very volatile though, so how can I ensure that my 100 bitcoins are actually worth something? Its much more volatile than the dollar, so how can we ensure that bitcoins reliably hold their wealth? Is it merely dependent on a massive population to buy in to the system to where the price is stable? How does this work?

    • Nick Bultman since bitcoin has to be mined (digitally) … we can consider it the new gold. Eventually, a even value will level itself out. We are still in the baby stage so it it volatile at the moment. It’s the wild Wild West gold rush. See the analogy.

    • Market cornering in free markets doesn’t work. If they would be buying but the supply would be fixed like it is? The price would rocket too much even for them.

    • Neo Matrix On the other hand, a thought experiment – What if people walked away from Bitcoin by refusing it as store of value?

  6. Wow. This already seems so dated. The people in the audience don’t seem like they understand at all.

  7. How exactly does “In the1980’s, 9% of people under thirty had equity in a private company; today it’s 3%…” prove that entrepreneurship is on the decline?
    Setting aside for now, how you get a definite percentage from an indefinite time period… Tapscott Jr. seems to suggest that entrepreneurship is strongly age-related. Or some other leap of logic we’re not getting (ok, maybe half the room?).

  8. He got one big thing wrong. 50% of all bitcoin purchases are fraudulent. You need bitcoins to get into the bitcoin system and that  is where the fraud is still very real.

  9. here in 2046 we use quantum altreality a lot!!! we project our quantum bodies via a quantum chip in our heads to the altreality. Matrix the movie was on spot but there is no problem with machines..
    current news: watts=money
    religion almost dead
    digital tech super dead (btw anyone has iPhone1? I trade for 150.000w)
    all Earths minerals goes to Earth again
    3d print everywhere
    labor almost dead
    Africa goes up
    all green energy
    moon base installation in progress
    alreality replaces blockchain (matrix version of blockchain tech)
    cancer is dead as almost all major old diseases

  10. Awesome summary of the potential that blockchain has to do good and facilitate trust and good business. “Britcoin” is genius…
    Question is, how can I get involved with this disruptive technology and help spread the word… and enable players to get on the field and trust each other earlier.

  11. Ethereum is Cancerous, dont touch it, its inflationary and controled by the banking cartel, they think they are going to destroy bitcoin with it…… roflmao

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