Intro to Bitcoin | Vinny Lingham | TEDxCapeTown

Here Vinny takes us through the creation and design of Bitcoin and explains how its technology and concept can be expanded to influence so much more that just our currencies.

Vinny is a well renowned South Africa technology innovator and founder of multiple startups, most recently Gyft.com which was sold to First Data Corporation in 2014. Vinny is also a prolific Angel investor and Dragon on the TV Show, Dragon's Den South Africa.

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

6 Comments on Intro to Bitcoin | Vinny Lingham | TEDxCapeTown

  1. The presenter got a lot of things wrong in this presentation. “21 million
    cells, each that can contain 100 million pieces of information” is all
    wrong, in so many ways, but that’s just one example.

  2. I see a lot more people today my age(30 and under) using google
    wallet/apple pay then a year ago. It urks me because I know the many
    advantages bitcoin has over those two, but for a non technical person, its
    a familiar interface without the complexity/pain points bitcoin has today.
    tho it urks me, its a step in the right direction.

    • +Ludguallon That is something that changes when people see how much cheaper
      Bitcoin transactions are. “What? You don’t get assraped by Visa, the
      merchant, AND your bank when you use Bitcoint?”….case closed, new user
      made.

  3. Guy smokes crack. Bitcoin already has an ideal “use case”….it’s called
    “money”, and it works better at that use than any existing currency.

  4. Bitcoin is backed by mathematics, open source code, cryptography and the
    most powerful and secure decentralized distributed computational network on
    the planet, orders of magnitude more powerful than google and government
    combined. There is a limit of 21 million bitcoins (divisible in smaller
    units). Dollars are not backed by gold anymore since long time ago, they
    are printed by the trillions out of nothing by the private institution
    called “Federal” Reserve.

    Receive and transfer money, from cents (micropayments) to thousands:

    Almost for free (a few cents fee).

    Privacy (no need to expose personal information)

    Securely (encrypted cryptographically)

    Instantly (from seconds to a few minutes)

    Open source (auditable by anybody)

    Worldwide (from anywhere to anywhere on the planet).

    Peer-to-peer (no intermediaries with a cut)

    Public ledger (transparent, seen by everybody)

    Decentralized (distributed with no single point of failure)

    No chargebacks-No fraud (‘push’ vs’ ‘pull’ transactions).

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