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Wired.com let political scientist and blockchain researcher, Bettina Warburg explain blockchain technology at five levels of difficulty to five people; a child, a teen, a college student, a grad student, and a blockchain expert.

The current nosebleed speculative bubble around Bitcoin is just that. It’s not particularly based on the utility of blockchain technology, although most can agree it does have inherent value as a new system to help decentralize trade, allowing us to do more transactions peer-to-peer, decreasing our need for intermediaries, such as companies and banks.

The same way the Internet decreased the need for brick-and-mortar stores to do retail sales, blockchain technology is on its way to decreasing the need for any remaining middlemen, from online services like eBay to phone apps like Uber.

Like it or not, blockchain interfacing with robots, AI and other kinds of identities is in our future so it’s best that we understand a key foundation of the next industrial revolution.

Alexandra Bruce

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Alexandra Bruce

Alexandra Bruce

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  • So, uh, the geek society now dictating the future of man is being led to non-electronic transactions of value exchange being made impossible or even illegal? I doth protest!!

    • There are four universal laws:
      the law of attraction
      the law of interaction
      the law of transformation
      the law of maintaining in the state of being.

      By these laws it is possible to find the inner grave soul of love and health,
      moreover also to stay in the world of distance between persons, where love and health cannot appear.
      I guess, you have to think it over of what you are doing with this bitcoin system.

  • It’s difficult to trust that there won’t be abuses as we don’t know the level of computing advancement thats in the hands of the elites. It’s a fantastic innovation though, it’s going to open up a new entrepreneurial space. I hope learning about it will help people see the currupt nature of our current centralised systems of authority.

  • The more I hear about blockchain, the more detrimental it becomes as a centralized globalization of peoples assets to better control the population. As automation advances, currency will be out of the living equation, not needed anymore. So this blockchain system is kind of wasting everyone’s time. By the time this system is developed, it will be of no use since the future will be a no currency world.

  • I once found a word: academic love.

    Here in this presentation one sentence was important: you do not need to know who the other one is. By this idea, any kind of war will appear, because there is not e need to know who the other one is.
    This is academic love…………

    These persons did not hug each otehr!

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