How the blockchain will radically transform the economy | Bettina Warburg

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.

TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design — plus science, business, global issues, the arts and much more.
Find closed captions and translated subtitles in many languages at

Follow TED news on Twitter:
Like TED on Facebook:

Subscribe to our channel:

20 Comments on How the blockchain will radically transform the economy | Bettina Warburg

  1. Wiki is a site that forbids dissenting views of the PTB’s social engineering.  Truth is erased and shunned. If you desire to place a dissenting truth that bucks the sites ‘moderators’. (watchers), you are labeled as spreading “graffiti”.  You cannot get a word in edgewise, yet millions believe wiki as concrete truth.  Concerning the “unalterable” record keeping in the block chain… you are delusional if you believe that.

  2. There is more bullshit talked about blockchain than almost anything else. Sadly this is no exception.

  3. This sounds amazing but also like it may eliminate some jobs entirely as well. I support block chain and it’s purpose but what other side effects may come that we would need to prepare for?

  4. Be careful to say it cant be hacked. They told us all this 20 years ago. It will happen and soon!

  5. this blockchain sounds like a way to remove centralized control from humans (banks and such) and move it to a system to which we humans will have to live by and under the rule to be able to function. A system that is decentralized but centralized on the internet and relies on technology and the internet. what do you think?

  6. You can selectively reveal the details that you find convinient , yeah that’s what your want ! There’s a reason our data is being monitored by gov agencies. Anonimity can be dangerous when it is financial. And i think block chain doesn’t have a way to deal with illicit money at the moment (not that i know of).

  7. i have to choose btw focusing/listening to the topic or watching her. Two doesnt goes well together in this case.

  8. A philosophical infrastructure like all infrastructure is essentially invisible. All of humanity lives inside the philosophical infrastructure we call Economics for instance.This set of underlying ideas is not really a conscious construct but, rather something we inherited. These ideas and assumptions that form the underpinnings of this grand design that we all involuntarily inhabit is based on an old collective human fear. Specifically the ancient fear of famine. All of the unquestioned unexamined artifacts of daily life like ,wealth, poverty, money, property, banking and even more ingrained notions associated with these ideas like greed or magnanimity and even theft are a function of the philosophical infrastructure of SCARCITY. So the opposite of scarcity is of course abundance. So let’s just say that new advances in Nanotechnology and Bioengineering and Material engineering and 3d printing not to mention AI all come together in a way that makes our current philosophical infrastructure irrelevant ie part of no longer applicable paradigm? What if???.. I put it to you that it would literally be unimaginable and more terrifying than liberating. We might just refuse to accept the possibility of ABUNDANCE because we have no philosophical infrastructure to deal with it. BECAUSE we need philosophical infrastructure even an inherently crule and unjust one. Abundance makes us roll our eyes and laugh thinking how unrealistic. We couldn’t cope with a world where there would be no basis for theft etc.I put it to you that when the physical need for poverty and greed have long vanished we will still be lumbering along saddled with this old paradigm that really only benefits the few still unable to raise our heads up out of the sand or…. MAYBE NOT. We have litteraly never actually been at this cross roads before! I suspect Blockchain is actually just a stop gap and not actually part of the new paradigm but maybe not.

  9. Here are my questions:
    1-If the bitcoin is a total of 21million then does that mean all those people who own one are essentially the future billionairs?
    2-Should that become a reallity then how is that fair? I mean these guys are talking about “decentalization” of wealthif so then how would that work? what if a bank buys all the bitcoins today and nothing left of it out there, does that mean all the monbey or wealth is owned by one central bank?
    3-If the bitcoin is limited and if anyone owns even one will be a millionare then what happens to the countries that don`r own even one?
    4-What about taxation?
    5-what if in the blockchain technology someone enters a fake ID or info which happens all the time in wikipedia!?

  10. It’s about CONTROL KNOWING EVERY MOVE THAT R CAPABLE OF
    AI AND OTHERS INVOLVED DO YOUR RESEARCH
    GLOBALIZATION N TECK

  11. Brilliant <3 🙂 extremely logical great communication beautiful too incredible roll of the dice of life...

Comments are closed.