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Want to participate in preparing a TED talk on Bitcoin? I'm (+Bill Barhydt ) giving a 10 minute short-talk on Bitcoin during TED in a few weeks. The talk will happen during one of the TED University sessions.

My goal with this talk is to get people interested enough in Bitcoin to look into it more and get involved in the movement. To help, I'd like to know:

1. What does Bitcoin mean to you?
2. What do you think of Bitcoin's potential future?
3. What are the best uses of Bitcoin that you've seen so far?
4. Do you think Bitcoin will become a mainstream currency or investment asset type or both? Why/why not?
5. Does Bitcoin need to be improved? How?
6. Any other thoughts on Bitcoin?
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81 comments
 
1. A method to transfer money free of outrageous bank charges.
2. Bright
3. N/A
4. I don't believe it will ever become a mainstream currency, I do believe it will become an investment asset but I actually think its brightest future is as a medium of transfer. If I was PayPal or Western Union, I would be worried.
5. Easier for the average person to use, and safer also, right now as a user you have take the initiative to secure your wallet and that will be daunting for the average computer user.
6. Financial big business and governments are not going to like it, a lot of bad guys will (e.g. drug cartels) but I dont think it can or will be successfully stopped or even restricted, and nor should it.
 
This is great news! A lot of people see the ted talks (including me) so it would be a great chance to spread the bitcoin-word. I would suggest that you get in touch with bitcoin-pioneers like say stefan thomas. i have his email-adress if you want. You can also send an email to bitcoinpeople@googlegroups.com because many of the leading bitcoin people read that list.

Greetz! from roland - www.bitcoinspot.nl
Bitcoin
 
Roland, I'd love to talk to stefan. I'll also send an email to that list.

Gareth, thanks very much!
 
1. Decentralised Money -> Freedom
2. It will reach millions of users and change the game, but it needs to evolve before it hits Mainstreet.
3. Coinabul. Strikesapphire casino. Operation fabulous. The Silk Road.
4. Not in its current form, but it will open many doors.
5. Not at this stage. Right now what it needs is marketing and applications to reach critical mass.
6. The real test will come from regulators. Better sooner than later.
 
1. Freedom from centralised fiat money systems
2. Bright
3. donations to bloggers, foundations, bought a journal
4. Not sure, I think the powers that be will try hard to prevent it.
5. Useability. Must be easier to use for the layman than credit cards. I think David Birch (http://bitcoinmedia.com/eurobit-david-birch-next-generation-money/) has a point.
6. I would love to see Bitcoin widely spread, therefore I think would be good if you (in your talk) and we (the community in general) get a positive message across, something like "Bitcoin is good for everybody", and not the "destroy the system/smash the banks" kind of aspect to it.
 
1. Mankind finally has access to a truly free-market monetary system. It is the most important advancement in liberty and technology since the internet itself.

2. Unless a devastating flaw is found with the core protocol, Bitcoin's adoption worldwide may be inevitable because of the unmatched efficiency gains it provides. Markets seek out efficiency, and thus, like gravity, market actors will be increasingly drawn toward Bitcoin. Global trade will not tolerate the burdens of inefficient, legacy financial systems now that an alternative exists.

3. Best uses of Bitcoin thus far are: moving money across borders instantly (ie- paying a freelancer in China), wealth savings and speculation (while highly volatile, Bitcoin appreciated over 1,400% in 2011), buying goods/services privately and discretely without exposing oneself to identity theft, and micropayments and crowd-sourced donations ($0.10 cannot be donated with Paypal, for the fee is greater than $0.10).

4. It will take a long time for Bitcoin to become a "mainstream currency," and the largest obstacle is government regulation - governments will be, to put it mildly, highly reluctant to allow competition in currencies, thereby losing their monopoly on the printing of money and seigniorage benefits derived therein. Yet, while it's inevitable that some country will outlaw Bitcoins outright, it's also likely that some country will formally legalize it due to the unavoidable benefits such policy would bring to that nation's economy. Bitcoin thus faces a fascinating and dangerous legal struggle around the world and education and truth are its most important assets.

5. The Bitcoin protocol seems "excellent enough" that it doesn't require improvement. It is, quite simply, genius technology. The economics and functionality are likewise sound (though Keynesian economists will disagree). However, client software and the myriad products and services built up around bitcoin are still, to a large extent, inadequate. This is a huge area for entrepreneurship and innovation. Unfortunately - many see the flaws of Bitcoin's scaffolding and incorrectly attribute it to Bitcoin's protocol - thereby dismissing the technology instead of recognizing the opportunity therein.

6. Since discovering Bitcoin in May 2011, I've quit all other work and have dedicated myself full-time to contributing to this technology. I am 27 years old, and have never seen something as exciting and profound as Bitcoin. Many people are trying to help the world - to change it for the better. More than all the philanthropies that exist, Bitcoin has the potential to correct the very core of the problems facing humanity. When one understands the role of money in society, one cannot help but be fascinated with and compelled toward Bitcoin. "Revolutionary" is often used as hyperbole... but I believe Bitcoin is worthy of the term.
Bitcoin
 
Erik, I really appreciate your comments and the passion behind them. This was a very helpful response. Are you concerned about the complexity of the blockchain as usage (and the sheer number) of validations required against it explodes? Are you concerned about the reliance on trusted third parties who are trying to offer wallet/stored value services potentially obfuscating the true value of Bitcoin or do you see these as viable third party services?
 
Good questions. The complexity of the blockchain does not worry me. A) because storage space and bandwidth are exponentially-increasing resources and more importantly, B) because as Bitcoin develops most transactions will not be recorded in the block chain. Already today, transactions which occur inside an exchange, or inside an ewallet, are not necessarily marked on the block chain. Similarly, handing a Casascius coin to someone doesn't register on the blockchain. As efficiency dictates, the long term inevitable solution is for only "settlements" of large amounts between parties to be recorded on the chain. I would not be surprised if 99% of transactions in the future are "intra-wallet", and not marked on the chain. This leads into your next question...

3rd parties will always require trust, and just as in the normal economy we trust 3rd parties every day. I trust the pizza company to make pizza. I trust FedEx to bring my package. I trust the steel smelter to produce quality material so that my building doesn't collapse. Competition in an open market environment "forces" trust because the untrustworthy tend to be weeded out - and the same phenomenon will occur with bitcoin-related companies. Already, there are Bitcoin companies I trust, and over time brand reputations (as well as basic contract law) will ensure a trustworthy environment for business. The long-term profits to be made by offering a trustworthy service tend to outdo the short-term gains from fraud - Bitcoin is no anomaly here.

Regarding 3rd party wallet services specifically, I think long-term most users will do most of their transactions using such services. Thus, these wallet services will resemble banks today - with the extremely important distinction that they are not given monopoly privilege and subsidized protection by the Government. Today's banks are flawed because they are not free-market institutions - they are all GSE's. A Bitcoin wallet service will come to resemble the good aspects of a bank (storage, protection, loans, services) without the bad aspects (moral hazard from FDIC, and fractional reserve money supply distortions, primarily).
Bitcoin
 
Ekhard, thanks for the link to David's video. Good to have all view points.
Bitcoin
 
Erik, if TTP's are not posting all transactions to the block chain then we certainly run the risk of double spend/contention which is exactly what Satoshi was trying to avoid, right? At the same the block can be so long and complex that contention issues (ie lots of forks) could conceivably created double spend issues that are hard to resolve because of the inherent anonymity of the protocol itself, no?

As my day job puts me in the middle of the US banking/MSB law... I don't see how TTP's providing stored value services - at least in most western countries - will be able to avoid the same issues as banks/MSB's today. As soon as you operate a stored value that is fungible with cash I believe you are subject to these regulations and organizations that ignore them do so at their own peril. I know there is no case law (yet) on this but the intent of the existing laws (at least in the US) on this matter are very clear.

You also mention that TTP's providing stored value services wont' be doing fractional reserve banking but if the transactions are settled intra-network and not reported to the block chain then how can you prevent this TTP/Bank from doing fractional reserve banking as the network itself would be unaware of these transactions, right? Obviously a run on this TTP would expose the fraud but until that time no one would no. Am I missing something?
 
Wow you have great questions!

There is no risk of a true double-spend in the case of a TTP using internal accounting to arrange payments between account holders. The block chain would not be compromised in any way. The risk of "bad accounting" exists, but it is borne by the TTP itself and by its account holders. If, after settlement, the TTP realizes it is short, it will not be able to fulfill external transfer requests (which DO check the block chain) and someone will absorb the loss - the key is that the "someone" is either the firm or its customers. The losses from mismanagement are thus borne privately, instead of subsidized publicly. From this correct incentive structure, account holders will tend towards those TTP's who are the most trusted and this permits an honest and self-correcting market.

Regarding the block chain and "forks"... there should not be any forks of the main chain. A fork becomes a new chain, and the way Bitcoin is structured, only the longest chain is considered the "real" one. We do not need to be worried about forks if we trust the hashing algorithm and the "mining" process. Any danger of a double-spend occurring at a TTP, as mentioned, is borne by the TTP itself, its insurance provider, and their clients internally. It is not that Bitcoin removes all risk from the world - rather, it "places" that risk with the appropriate party - and the incentives that grow out of such a system are wildly different than traditional banking.

Regarding MSB and US law - you're correct. All such institutions will have to follow the laws if they wish to operate openly. The key here is that Bitcoin doesn't force users to ever touch that system - they only have to touch it if they want to store coins with the TTP. This new choice is the revolutionary part, because individuals can choose to engage in the common, regulated MSB system, or to withdraw from it entirely. This creates positive regulatory competition (similar to how nations must compete for low corporate tax rates), for to the extent MSB regulations burden the marketplace, the marketplace can swiftly withdraw from it - because money is controlled at the basic level by individuals, privately.

Regarding your final question on fractional reserves- you are correct that fractional reserves lending can occur when not using the block chain. The difference is that, again, the risk is borne by the bank and its account holders, providing proper incentives to limit such practices. In a free market, some banks may indeed engage in some form of fractional lending, and so long as this policy is public - and the bank is not subsidized by socialized insurance (FDIC) - then individuals can choose whether to "bank" with that firm.

While all this may sound uncomfortably similar to traditional banking, the fundamental difference is that individuals can, at any time, withdraw their funds and hold them privately in their own wallet safely and securely. Today, you cannot take $100k in cash from your bank and safely store it in a manner which will simultaneously allow you to spend it conveniently. With Bitcoin, that is extremely easy to do, and this dynamic changes the game entirely.
Bitcoin
 
Erik, this is incredibly helpful. As Jon said here: http://themonetaryfuture.blogspot.com/2011/11/air-guitars-and-bitcoin-regulation.html the key is to get to a closed loop scale where fungibility becomes irrelevant and then regulation becomes about contract law not about banking law. That will obviously take quite awhile. One issue with this of course is that the TTP itself will have to pay its own obligations in Bitcoin (salaries, hosting costs, rent, etc) before there is a truly closed loop model - again, not going to happen anytime soon. Then of course there is the issue of local tax obligations which will always require fungibility of some kind with cash (unless the commonwealth starts accepting heads of cattle of course.)

I believe that it's almost inevitable that we'll see some large TTP default either out of bankruptcy or fraud issues in 2012 and their users' bitcoins (that aren't on the block chain) will go up in smoke. I know there have been small/contained version of this already but I expect a much larger default to occur given that historically, 9 out of 10 start-ups eventually die. Thanks again for your great comments!!
 
1. Bitcoin means freedom--freedom to trade, freedom to save, and freedom to create.
2. Bitcoin's potential future is to become the world's reserve currency, more convenient than gold and more stable than the U.S. dollar.
3. Sending currency across national borders as conveniently as an email.
4. It can become a widespread medium of exchange as well as a store of value, IF it can bridge the user-side security issues (securing wallets, mainly) and it can evade government regulation and not be marred by association with gambling, prostitution, drugs, money laundering, and terrorism.
5. It needs to be easier and more secure for technologically clueless people to start using, to use regularly. It also needs to be faster to acquire bitcoins from the major exchanges. Currently, without paying a 5% fee, there's no way to actually get bitcoins without waiting for a 5-10 day series of fund transfers (eg through Dwolla and then to Mt. gox)
6. In order for people to use it, they may have to confront the reality that fiat currency is in its own way, bankrupt. That it is centralized, can be inflated, doesn't offer meaningful anonymity, and makes users dependent on banks and payment processors. In other words, in order for bitcoin to become popular, people have to realize how seriously messed up the current system is. That is also why the powers that be will go to great lengths to keep bitcoins from becoming a new monetary standard.
 
Bitcoin is the beginning of the end of money. Once a significant amount of the Earth's population realizes that all money, not just fiat currency, is the biggest scam ever perpetrated on humanity, born of greed, deceit and delusion, and is ultimately an illusory concept, then we will begin to see significant and positive changes in society. Bitcoin will be useful in a transitional period between the crumbling ruins of a traditional economy based on false authority, and a new resource based economy based on science, efficiency and the expectation and ability to meet the basic needs of every human being on the planet. Bitcoin proves that money is purely an idea, and the fact that we let that idea hold us back from achieving even greater things, and improving the lives of all people, will go down in history as one of the saddest and horrible periods of time in humanity. The money sequence of value is even now beginning to lose its appeal as worldwide protests and even political campaigns indicate, as an increasingly rapid and apparent state of decline affects the lives of the vast majority of people both in the western world and the globe as a whole. There is no escape from the consequences of our collective economic fantasies, as we have come to realize that all people are interconnected and every negative retro-action taken by our sick society will come back to harm the persons perpetrating them. The ongoing slow motion collision of reality with our economic mirage is going to either snap us out of our collective dream and work together for a better world for all people, or it will be the end of the human experiment, having decided that hubris is preferable to survival.

Good luck with the talk, looking forward to it!
 
Jake, interesting points about fees. Wait time is a big problem. It constantly amazes me that real time settlement is such a big deal in international banking (something I deal with at m-Via.). Thanks for your comments!
 
Frank, thanks for these thoughts. I have to say with the biggest reduction in poverty in world history now underway its hard to look at money as a scam. The problem with money as I see it is the moral issue of passing public debts on to generations of people who didn't create them. Fractional reserve banking isn't evil per se as the managed house of cards has created unprecedented prosperity. But as the world approaches some form of economic equilibrium in the next 100-200 years capitalism and creative destruction will need to take on an entirely different meaning. That's as far as my crystal ball allows me to go!
 
1. What does Bitcoin mean to you?
I see Bitcoin providing equity and equality in commerce, potentially reducing inefficiencies and manipulation. It is a well positioned mechanism for storing wealth created through production.

2. What do you think of Bitcoin's potential future?
I see Bitcoin as the new Gold - a technical solution to the problems of fiat currency and a physical gold standard. Bitcoin is free from the temptation of fractional reserve banking the Achilles heel to our global economy. Bitcoin having a finite quantity, will ultimately cause deflation, this deflation is predicted to create a deflation spiral the mechanism being delayed consumption, (falsely predicted to continue until the system collapses - I believe that to be misguided as people will not voluntarily stop buying food even if it is cheaper tomorrow.) By default then Bitcoin possesses an inherent mechanism to provide an economic incentive to prolonging or inhibiting environmental exploitation. So the future looks bright.

3. What are the best uses of Bitcoin that you've seen so far?
The best use I can imagine is using it as money.

4. Do you think Bitcoin will become a mainstream currency or investment asset type or both?
I think both, Bitcoin will rise and fall and go in and out of favour until sometime in the future it will be both simultaneously. It needs to be more widely and equitably distribute this I believe will happen in a boom and bust cycle as individuals see it as an investment and then loos faith. We are moving into a new era of governance one more equitable than our governed democracy, as Doulas Adams put it democracy being many to one then one to many and the new era being many to many (P2P), this shift will drive Bitcoin into the mainstream.

5. Does Bitcoin need to be improved? How?
Yes. Under the current stewardship it is in good hands and doing well. There is one criticism in the protocol made by the scientific community that needs to be addressed in the near future; I understand it to be inconsequential at this stage. Most of the necessary improvements are in the ecosystem. Think of this: Much like a URL's are words representing numbers, representing complex computer addresses (name.com = 192.168.1.1 = 00:26:19:F9:86:A9) so to can we have names that represent a Bitcoin wallet.
So it then becomes possible to store a Bitcoin wallet in my memory as well as computer or on paper. Imagine an open algorithm that encrypts and decrypts a private wallet key much like blockchain.info does with their private wallet, except I now have a wallet I memorise, and bring into existence anywhere.

6. Any other thoughts on Bitcoin?
Primarily I think Bitcoin is ideal as a mobile app in many African countries like the Congo or Somalia, where there is a good penetration of cell phones and a vast number of people exist on micro payments from family members working elsewhere. Introducing Bitcoin in those parts of the world where there is monetary instability and lack of infrastructure, is probably an ideal, humane and fertile opportunity. Mix that with a virtual memorised wallet and loosing your phone doesn't equate to steeling your money, anyone can use any phone to access their money, and it is free of central control or collapse.
 
" Erik, if TTP's are not posting all transactions to the block chain then we certainly run the risk of double spend/contention which is exactly what Satoshi was trying to avoid, right? At the same the block can be so long and complex that contention issues (ie lots of forks) could conceivably created double spend issues that are hard to resolve because of the inherent anonymity of the protocol itself, no?"

to your point: With Casascius coin you can have fractional reserve banking with the same risk. Imagine 10 identical coins in circulation you check the see it has value on the block chain before accepting it. But so does someone else accepting one of the other 10. After one person deposits it all the other coins instantly become useless.
Re the complexity of the block chain, that will be maintained by the miners. The future of the wallet is in your memory through a service similar to wallet at blockchain.info, I see fractional reserve banking in the Bitcoin System working much like credit cards work today.

Bill, re your comment:"Fractional reserve banking isn't evil per se as the managed house of cards has created unprecedented prosperity"
Fractional reserve banking is responsible for inflation; in effect it is a way of taking my saved wealth by diminishing my saved purchasing power. It has the same end result as steeling my saved money over time.

Imagine money was a commodity like wheat, (wheat being the money) through fractional reserve banking you give out wheat credit notes (money instruments), when it comes time to collect there is a problem. Not agreeing with Frank entirely, it sounds pity evil to me. The fractional reserve system is only viable provided there is constant growth to prevent the proverbial run on the bank.

Through my understanding the prosperity you refer to has come from technological improvements and innovation. One other way to create an illusion of growth is to inflate the money supply, most effectively done through fractional reserve banking. I understand the effect is the people who receive the new money first benefit disproportionately to the people who receive it last, in that the people who earn the money later are purchasing before they profit from their labour, but after price inflation has occurred, thus creating a growing divide between rich and poor.

This is an explanation for the difficulty in getting out of poverty. I see Adam Smith's invisible hand as the mechanism to eliminating poverty, but I believe it is happening as technology is transferred not out of monetary policy. I agree with you point to economic equilibrium, being a problem for the West. I predict the answer to that problem is the IMF becoming a world central bank and issuing SDR's as its reserve currency. The bankers then pick the winners and losers in the balance of economic equilibrium. After which Bitcoin gets to shine.
 
It's only hard if you aren't looking at it honestly. A reduction may sound good, but it is not an eradication, which should be the goal. If passing debt isn't moral, than neither is passing on "wealth" to those who did not "create" it. Actually, what created the prosperity is the technological and industrial revolutions that allowed us to harness a seemingly abundant energy source and the human capacity for greater cooperation and creativity, in addition to the agricultural and information revolutions. We are prosperous in spite of money, not because of it. Not to mention the incredible destruction, waste, abuse and death that is attributed to our distorted values, which has been caused by money. Our current paradigm will not last 100 years. The rate that we are consuming, destroying and killing our way to an existential crisis will probably not allow us even 10 years. The house of cards is coming down sooner than most people think.
 
5. It needs to be an actually usable currency. This means it must be neither grossly inflationary nor deflationary. I have to be sure, if I'm offering a product, that the currency I receive will be worth roughly the same tomorrow as it was today. Conversely, if I'm buying a product, I need the same assurance. I can't see a way to ensure stability in the current system, short of a federal (or perhaps federated) reserve bank that buys and sells to keep prices stable. That, however, is what we're trying to do away with.

There are other issues beyond stability, namely granularity, that Bitcoin needs. It can never, with only 21 million units, be an effect mainstream currency. If there were a million people using it, the average person couldn't make a purchase for less than 5% of their holdings. That's silly. At some point we'll need to either increase the number of bitcoins out there, find a way to spend half a bitcoin, or (more likely) make a wrapper currency that allows, say, 1000 new coins to be generated from each valid hash, then spend those.
 
2/4/6: Thinking very long term, there is a connection with the environment also: we need to eventually move toward sustainability and away from growth, and I think the fixed limit on the number of bitcoins might be conducive to that.
 
Hopefully a few sound bites you can use below:

Q1. What does Bitcoin mean to you?

Bitcoin is a potentially revolutionary technology very much in its infancy due its complexity, much as the Internet was in the early 90's. Consider that with Bitcoin every person who mines Bitcoins is a central bank and transaction clearing house. It is a Anarcho-Capitalist and Libertarian dream come true.

Q2. What do you think of Bitcoin's potential future?

Dim, unless significant convenience, security, and trust issues are resolved, or alternatively if there is a major global crisis with government-backed fiat currencies. The key issues are that the exchanges could easily be closed and confiscated by any government under money laundering, anti-terrorism, or banking deposit laws. If it did become very successful it would be competing directly against privately-held central banks, which governments have given monopoly of currency issuance to.

As a historical example, central bankers don't like gold because its price is an indication of how fiat currencies are being debased. People trust gold in times of crisis. Check out "The Golden Constant" which reviews gold's surprising constant purchasing power for 500 years of Western history:

http://www.gold.org/download/pub_archive/pdf/GoldCons_Summary_Final3_US_med.pdf

However, it is rather difficult to transact with physical gold over the Internet. GoldMoney.com recently stopped inter-account transfers, likely due to FACTA (http://en.wikipedia.org/wiki/Fair_and_Accurate_Credit_Transactions_Act).

Bitcoin is currently flying under the radar because it is not legally defined and governments have bigger problems to worry about. If the Bitcoin economy was a US company it wouldn't rank in the Russell 2000 small cap. index. Remember what happened with Wikileaks donations via Visa, Mastercard and Paypal once it came to the attention of the US Government.

Q3. What are the best uses of Bitcoin that you've seen so far?

It has to be Silk Road - the eBay of illicit services and products. As an enabler to extend the black and grey markets across the Internet worldwide it is a very interesting development. About 1 billion people have entered the middle class in Asia and South America. Few have credit cards. Have a look at this article which estimates the unlicensed unregulated market in products and services worldwide to be more than $10T in size:

http://www.wired.com/magazine/2011/12/mf_neuwirth_qa/


What I am waiting for is seamless and secure NFC wireless proximity payments between smart phones and Point Of Sale (POS) systems. Bitcoin is ideal for micro-payments due to its low transaction costs.

Q4. Do you think Bitcoin will become a mainstream currency or investment asset type or both? Why/why not?

No and no. It is not liquid, secure, or trusted by the non-technical and investing public. I did a correlation analysis between weekly Google Trends for the keyword "bitcoin" and the price of Bitcoin in 2011 and found a 0.84 positive correlation. Bitcoins have value only due to (hacker/nerd/geek) sentiment. With that said, the price has been surprisingly resilient with an annualised inflation rate of around 37%.

Q5. Does Bitcoin need to be improved? How?

Security, trust, and user-friendly interfaces. Also, if just one government recognised Bitcoin as a global currency it would provide for a level of legitimacy that all government-backed currencies have now. The Bitcoin protocol itself is surprisingly robust. It is the interfaces to the real world (e.g. the exchanges) that are the weak point.

Q6. Any other thoughts on Bitcoin?
By some with pizza money, encrypt the wallet, and store it securely online, out of reach of the TSA and IRS as a nest egg. Don't you wish you bought gold in 1971, or MSFT in 1986?

Gary
 
1. Bitcoin is the first method of online value transfer that does not profit other entities, which is critical for unfettered online commerce.
2. As currently implemented, Bitcoin has the potential to become the basis of currency on the Internet, as it is insulated from the fluctuations and impact of government-backed or privately-issued fiat currencies. Once the userbase is broad enough and transaction counts have reached a certain volume, the price will stabilize even further and allow for certainty in value storage.
3. I've bought coffee, web hosting, and notary services via Bitcoin so far, as well as placed a few bets. I'm eagerly awaiting the further expansion of Bitcoin acceptance.
4. Both- because of it's nature, it makes a very robust value store that can retain stability while other currencies are unstable, and as a form of value exchange, can be used regardless of tax jurisdictions, transfer fees, etc. which would otherwise come into play. I see Bitcoin as likely meaning the end of Western Union and a significant factor in the future decline of banks.
5. Bitcoin will require continual improvement of the cryptographic functions used to encrypt the blockchain, to stay ahead of code-cracking capabilities and ever-speedier processing capability. It also needs a major commercial backer, like Amazon.com or eBay, before it'll become mainstream, but this is a market improvement, not a direct improvement to Bitcoin itself.
6. It is changing the world, one peer to peer financial transaction at a time.

Good luck with your talk!
 
@Cale McNulty: Bitcoin is hugely divisible (a total of 2.1 × 10 power of 15 or 2.1 - a quadrillion units), Don't think of the Bitcoin as a single unit, think of the Satoshi like you think of a Dime. I just read the autobiography of Benjamin Franklin, and in the 1700, 1 penny bought you 3 big loaves of bread. People worked for less than 5 pounds a year. It was possible back then in America for one to live a meagre existence for a year with 1 British Pound. Today it just gets you a condiment with a single meal.

The problem is distribution, no one is going to make you rich just because you got in early and have over 10,000 BTC. So a Satoshi worth be worth a dime until it is more equitably distributed. So we need a boom bust investment cycle of new converts who push the price up and then watch it crash and then a new set of converts who push the price up again and watch it crash, all the while every new convert saves 50, BTC after becoming disillusioned. Until it has good penetration, in the interim services like BitPay help prop up the system as they are exchange independent.
 
@ Frank Flores Thanks for your last comment I am beginning to understand, I have thought through the inheritance problem, and agree with your principal, however as a farter I am entitled to work hard for my children's well being and provide after my depth. So to this effect I believe you can inherit my community goodwill and effort in the form of Bitcoin, or other human effort derived physical property. It then only becomes problematic when you inherit God given property, a right to farm the land, at the expense of society. God given property belongs in the present to those living, despite Ludwig von Mises, who craftily concluded that property ownership is the most practical means of achieving this efficiency. He also wrote an essay debunking his argument (I think it was called why the rich hate capitalism) the principle he described was landlords become lazy and infect tax the working class to the detriment of the system. To this point I see the principals of crypto currency and P2P as am amassing tool and haven't yet understood how it can be applied to other forms of ownership.
 
Making Money- Gavin Andresen @ Ignite Amherst Gavin's video from Feb 2011 - nice intro, geek money, compared to stone money from Yap island ...
1. my placeholder in the digital future
3. I use private keys as passwords and obfuscate them by changing their encoding, reference them by address, experimenting
3. donations, donations, donations.
6. money your robot should have
they have no physical representation, purely digital, ones and zeros.
 
puh ... many answers already. tldr kind of so hope mine is not only redundant stuff:

1. What does Bitcoin mean to you?
Bitcoin will be the future backing of currencies. Its ultimate freedom as there is no central authority to ask for permission allows to reduce the transaction costs to the actual costs of securely transferring the data. If miners charge too much, be a miner and profit from it.

2. What do you think of Bitcoin's potential future?
It can only be cracked down, dominate or be dominated by some alt coin. There is no long term survival at todays level.

3. What are the best uses of Bitcoin that you've seen so far?
I thought for a year or so that shops should accept bitcoin but there is maybe less than 200k/7G users. That is globally. Maybe locally there are towns with 100 Bitcoiners in a city of 1M but that is no target audience for any serious business man as out of 100 you have maybe 10 active fans. That's not worth it for now.
I changed my approach to accepting that today's only use of bitcoin is long term investment. If more and more people invest some 10-100$ in bitcoin reporting how their bitcoin savings went up by more than their bank's interest rate, ... the user rate will increase. By the time we have some 10M users, shops might get interested in opening for this still minor user group. I mean brick and mortar business here.
On the internet things will start slightly earlier. I say "will start" as I see all bitcoin business apart from mtGox as premature babies. There is simply no user base to sustain their operational costs now. Of course BitPay, BitMit, ... all hope to be the next PayPal, EBay, ... and it's good they do. I hope they do but for now I doubt these businesses generate anything more than Business Angel investments. Still as internet businesses reach more than a 5M neighbourhood of shops in big cities, they can do bitcoin business with profit earlier.

4. Do you think Bitcoin will become a mainstream currency or investment asset type or both? Why/why not?
Both. People love to gamble and bitcoin does in one day what gold does in one year.
Unfortunately bitcoin can not offer the micro payment capabilities people see in it today due to the block chain but I guess that was discussed above. I totally back that.

5. Does Bitcoin need to be improved? How?
I see no urgent need for change in the Bitcoin protocol at all. Bitcoin clients are popping up at a daily rate, so I don't worry about ease of use. The free culture of bitcoin really calls for the best solution to win and I'm sure we will see very cool features in the alternative clients soon.

6. Any other thoughts on Bitcoin?
- Is Bitcoin a ponzi scheme?
- Do ponzi schemes bounce off once they collapse?
I don't know if I would address the claim of bitcoin being a ponzi scheme but if at all, I would address it as above pointing out its rough ride of last year and maybe you could get a graph showing the 12 month increase for the last year to but the things that happened in contrast.

I would refrain from making any predictions of bitcoins exchange rate in the future. Get as good numbers on the user base as you can get. My best solid number was the leaked user base of mtGox that was 60k. Most likely there are more up to date numbers somewhere. Connected clients doesn't mean anything to me as online wallets count as one for all their users though.
I would maybe try to tell about as many services and tools and their success stories and point out how much work went into the creation of these services and less about market capitalisation as there is more man hours than market cap in bitcoin.

Lastly, please make your speech count. Do some Skype sessions with Max Keiser (he knows how to motivate and announced a challenge to get 1M to use bitcoin in 2012), Gavin Andresen (he knows best about the satoshi client and clients in general), Mark Karpeles (he should know user numbers. Maybe he gives you a good guess on total bitcoin users. It's his daily business). They all have big stakes in bitcoin and are cool guys. Guess they would like to help for the sake of an extraordinary TED talk.

Good luck with your talk ;)
 
Are your children better served by the amount of money they have or the quality of society that they live in?
 
1. Many people have mentioned Bitcoin as cutting out fee-taking middle-men. The bigger economic effect, I think, is that Bitcoin means taking the power to print money for profit, which is currently available to some governments and banking institutions and which is widely abused, and eliminating that power entirely.

4. Yes, I think it will.

5. There is currently work in progress to support "M of N" transactions. This is important, and it enables some cool stuff, but it's not done yet. M-of-N transactions let you store coins such that multiple keys are required to unlock them. For example, if you're worried that the wallet file on your computer might get stolen, you might set it up so that spending coins requires a signature from your computer and another signature from your smartphone. Or if you're a corporation that handles bitcoins, you might not want to trust any one employee with access to the savings account, so you'd give each employee a key, and allow coins to be transferred only if three of the keys are used.
 
What more basic right do we have, but to be free to TRADE with each other? Up until now, governments have used their ability to control money in order to control their citizens. I want to be part of a democratic society and am very willing to contribute toward the common good. But I find the extent to which our government is encroaching on our personal liberties to be quite alarming.

Bitcoin is a blow for the free flow of commerce and trade. Individuals need no longer rely on a bank or a government to safeguard their savings. I'm hopeful that it will break down the many artificial barriers that governments around the world have put up; I just hope that users of Bitcoin are not branded as criminals just because they want to participate in a free economy.

Another very interesting thing that is happening with Bitcoin is the first computation-based democracy. While Satoshi developed a great system - the needs of the community will demand that it evolve over time. Bitcoin CAN do this because of the way the Block Chain is certified. If the majority of the miners accept a new type of transaction in the block chain - then the new standard is "approved". Miners are "voting" with their compute power.

This has been extended in a new "standards process" - see for example, Bitcoin Improvement Proposal (BIP 0016 - https://en.bitcoin.it/wiki/BIP_0016) directly using the democratic power of mining as a voting process to approve the new standard (before it is deployed in the Bitcoin client).

"To judge whether or not more than 50% of hashing power supports this BIP, miners are asked to upgrade their software and put the string "/P2SH/" in the input of the coinbase transaction for blocks that they create.


On February 1, 2012, the block-chain will be examined to determine the number of blocks supporting pay-to-script-hash for the previous 7 days. If 550 or more contain "/P2SH/" in their coinbase, then all blocks with timestamps after 15 Feb 2012, 00:00:00 GMT shall have their pay-to-script-hash transactions fully validated. Approximately 1,000 blocks are created in a week; 550 should, therefore, be approximately 55% of the network supporting the new feature.

If a majority of hashing power does not support the new validation rules, then rollout will be postponed (or rejected if it becomes clear that a majority will never be achieved)."
 
1. Bitcoin to me means a glimmer of hope of achieving true financial sovereignty in my lifetime.

I strongly believe that the reason for most of the suffering in the entire world today is because people have forgotten what money really is and have been all to willing to relinquish the control over money to governments, bankers and big corporations. Without central banks and legal tender laws enforcing every fiat currency there is, no way the governments could be so big or even exist, there is no way governments, bankers and big corporations could get bail-outs at almost zero rates at the expense of the taxpayers, there's no way all these wars could be fought and payed for, there's no way people could get robbed blind by the transfer of wealth through inflation caused by creating money out of thin air by central banks and fractional reserve banking, there's no way markets would drive up such huge and devastating bubbles, there's no way the vast majority of people could have been financially enslaved to a life of constant hard work and mindless consumption barely scraping by not to mention being broke at old age.

Bitcoin could potentially change all that. I believe a commodity money like gold or silver would too but those are just too easily controlled by men with guns. Bitcoin cannot be controlled by anyone. It is governed by computing power and the laws of math. Everyone has to follow the same rules that were agreed upon at it's conception, everyone knows the rules and can plan their future based on those rules. No one can stop anyone from either receiving or sending Bitcoins and no one is forced to disclose who they transact with if they choose to remain private which means everyone using them is entirely and completely financially autonomous.

Bitcoin frankly to me means a chance at true freedom.

2. Obviously I believe Bitcoin has a huge potential as a monetary unit or currency in it's future. As long as the technology can maintain it's integrity I believe it will succeed. Since it's practically impossible to stop by men with guns I believe it will prosper if nothing else it will be a huge success in the black market. Because of it's rules I believe those holding Bitcoins will be rewarded once the issuing of new Bitcoins slows down. And finally if it so happens and Bitcoin doesn't succeed we now have a blueprint that can be improved upon and we'll potentially see new and better versions.

3. The best use so far has to be in international transfer of money. It is hands down the best, fastest, cheapest and safest way without any nosy and costly middlemen. Second best use so far that I've seen has to be wikileaks being able to receive donations despite the men with guns freezing their paypall and mastercard accounts which is just one small example of it's true power.

4. Like I said, in my view, everything depends on the question whether or not Bitcoin's technology can maintain it's integrity meaning it must be able to maintain the agreed upon rules and cryptographic security. If it can, I believe the sky is the limit.

5. Bitcoin the system probably not. But we definitely need better layers above the core system to make the technology more user friendly and accessible to a much broader audience.

6. Another great thing about Bitcoin is that is governed by true free market forces. Finally we have a real experiment, which can't be manipulated in anyway that will show us once and for all that freedom is the best way for a society to govern itself and that all the retarded economic theories out there about how we need a government to regulate or tax and provide certain services, how we need a central bank to monitor the fiat currencies, how we need the bankers to facilitate trade will be put to rest. And good riddance, I will happily dance on these theory's graves.


One more thing, before you start preparing your TED speech, please watch this video and try to incorporate it's advice: TEDxPugetSound - Simon Sinek - 9/17/09
 
very very cool! Can you post a link please to the TED session where your talk is scheduled?? I'd like to make it if possible!
 
1. What does Bitcoin mean to you?
Answer: sound (commodity) money for a free global market economy and ultimately a free world.
2. What do you think of Bitcoin's potential future?
Answer: mind-boggling
3. What are the best uses of Bitcoin that you've seen so far?
Answer: freeze pic of Ben Bernanke into the blockchain
4. Do you think Bitcoin will become a mainstream currency or investment asset type or both? Why/why not?
Answer: A global commodity money. Why? Because we (the people of the world) will need some sort of sound non-centrally controlled non-inflationary and easily transferrable money at some point after the paper currency collapse in order to run our fr economies with.
5. Does Bitcoin need to be improved? How? Answer: The blockchain itself: no, not at this point. All kinds of things around it (like clients): yes
6. Any other thoughts on Bitcoin?
Answer: Bitcoin could initiate the biggest transfer of wealth ever seen by humankind and finally enable a global free market economy, which will be much more efficient because it lacks the distortions introduced by inflationary paper money, and possibly even free people.
 
+Mike Koss Interesting, I was thinking of bitcoin as a democracy, starting out with individuals and ultimately evolving from a democracy of individuals to one of party politics, through pooled mining. As a miner I choose to contribute as part of a pool, and share the known statistical risk. I imagine on the level of the pool I have no say. Looking at the hash distribution more than 2/3 of the network is controlled by 7 pools. If I got to vote, on the fact my bitcoin client helps maintain the network, that would be better
 
I would examine why banks are 'too big to fail' -- i.e. the danger of centralizing control over too much money...
and I'd ask the question - what would happen if private citizens used their own P2P currency like bitcoin?

Would it reduce the risk of systemic failure which arises from so much centralization of control?
 
1. What does Bitcoin mean to you?

Bitcoin is the beginning of a paradigm shift in how we think about economics. The decentralization of the monetary supply will likely be seen as the most radical revolution in known history. It is a platform on which the Enlightenment conception of freedom can truly be realized for every man, woman, and child, regardless of race, culture, or creed.


2. What do you think of Bitcoin's potential future?

It has made it over the hump to the point where we can say that it is here to stay. There will be threats against it and competition from alternative systems, but it was the first and has become adopted widely enough that it will survive. It will inevitably face a large threat from the world's governments, but without shutting down the entire internet, they will be powerless to stop it.


3. What are the best uses of Bitcoin that you've seen so far?

Freely transferring money to individuals and organizations around the world.


4. Do you think Bitcoin will become a mainstream currency or investment asset type or both? Why/why not?

It is nearly impossible to predict, but my personal belief is that an economy built on bitcoin will require an equally radical rethinking of credit, and a distributed version of the credit rating agencies. In day to day transactions people will execute trades via a credit-like system. These trades will only periodically be synchronized (maybe at the end of each day) with the block-chain. Such a solution will address both the rapid growth of the block-chain and the lack of instantaneous transactions.


5. Does Bitcoin need to be improved? How?

I think bitcoin itself is relatively solid, and requires more cosmetic improvement that radical redesign. The improvements will come in the form of other distributed systems and protocols that interact with bitcoin to make a full fledged economy.


6. Any other thoughts on Bitcoin?
This is the tip of the iceberg, more than any other open source project to date it has shown the power of decentralized, distributed systems. The future lies in a society free of centralized power. The network will replace the need for a centralized authority, and political and economic power will be distributed to the people. Bitcoin has shown the path towards this vision, and the subsequent namecoin project and shown how the idea can be applied to the distribution of other services (in this case DNS) besides currency.
 
hi, send me an email on roland@goeij.eu and ill send you the email adress, i cant figure out how to send a private message on google+ :)
 
1. What does Bitcoin mean to you?
A playground and experiment with cryptocurrency and think about the possibilities.
2. What do you think of Bitcoin's potential future?
Could play a role in a future e-currency or financial or economic system. But great technologies do not mean they get implemented; decentralized torrented podcasts, webcasts or websites are possible since a decade but still haven't taken off as the alternatives are still good enough.
3. What are the best uses of Bitcoin that you've seen so far?
Paypal alternative, Silk Road
4. Do you think Bitcoin will become a mainstream currency or investment asset type or both? Why/why not?
It'll not be a mainstream currency as the competitors will do everything to discredit it. Then there are legal and tax issues, these all need to be clarified. It might be an investment asset if the bitcoin economy stabilizes.
5. Does Bitcoin need to be improved? How?
There are already alternative projects and forks that try to address some issues.
6. Any other thoughts on Bitcoin?
Somebody was working on a fork suited for LETS systems, these bitcoin technologies, related software and people could revitalize the aging and niche LETS systems on the local level.
 
Leo said: "Lastly, please make your speech count. Do some Skype sessions with Max Keiser (he knows how to motivate and announced a challenge to get 1M to use bitcoin in 2012), ..."

The 1M users "challenge" was set up not by Max (who I'm a big fan of), but by Tony Gallippi of bit-pay.com (at the bitcoin conference in Prague). Max said, however, on the same conference that his team would use their media exposure to support this goal. Max likes bitcoin because of it's disruptive qualities, btw. Another person that is a good ally of bitcoin is Rick Falkvinge, the founder of the first pirate party.

Rebecca: hi!
 
Scott Ellis: I agree with your stance on having to end the economic growth paradigm. I also used to think the use of a non-inflatable money would enforce that. I'm not so sure any more. Politicians could still, by other means than money injections, try to grow the economy. It'll be a lot harder, though. So I agree it would help.
 
Regarding Rick Falkvinge, he was named as one of the Forbes Top 100 Thinker, and has also stated he is investing all his savings in bitcoin.
 
Does Bitcoin need to be improved? How?

I think Bitcoin would be more effective if it was localized, open, and abundant. This is what "Mutual Credit" is. Mutual Credit fills the gaps left by national currency; with over 2500 communities implementing local exchange systems around the world. But no one hasn't focused on the college community in this area, which has huge amounts of under utilized talent.

We've decided to do just that with our startup Producia, which is a gamified "sustainable economy in a box" solution for local communities. The currency is called the Fini. You can learn more at http://producia.org. If you would like to chat sometime, feel free reach out at drewl@illvp.com.
 
+Drew Little but Bitcoin is abundant. Every Bitcoin has 100.000.000 basic currency units and it is just the matter of decimal place shift or how it is displayed in the client. Just look at the transaction raw data how the amounts are encoded.
The project is in it's early phase of initial seed and distribution.
I'd be worried about the scalability and capacity to process high number of transactions & the blockchain size.
 
1. What does Bitcoin mean to you?
It means bringing back the basic principles of currency. Something given value by the people that is practical and convenient to exchange for goods. Something that can only exist by a certain amount and cannot be produced on a whim. Exactly like gold only digital.
2. What do you think of Bitcoin's potential future?
With the certain eventual collapse of the current economical model due to inflation being built into it. Eventually people will be fed up with their money losing such large percentages of its value over short periods of time. As consumerism leads its way to an end due to peak oil, people will be have to abandon current economical systems and begin to barter. Bitcoin could be an ideal alternative when all this happens in the next 10- 20 years.
3. What are the best uses of Bitcoin that you've seen so far?
The current best use of Bitcoin is online donations. It is ideal for donating to an over seas podcast or youtube channel. Donating 1$ is free with bitcoin but using any other method would entail an exchange rate.
4. Do you think Bitcoin will become a mainstream currency or investment asset type or both? Why/why not?
(See question 2) Yes because people will lose trust in those who govern the current economical system for their own benefit. Bitcoin has no central body. It is made by the people for the people, and so is run by the people.
5. Does Bitcoin need to be improved? How?
The improvements needed are in speed of downloading all blocks from scratch and introducing better security for the personal user. As there is no company to call to say your bitcoins have been stolen. Security is an important issue that needs to be addressed.
6. Any other thoughts on Bitcoin?
Many people believe those that hope Bitcoin does well, do so because they have invested into it. This is only partially true as most who have adopted it believe that it is no longer safe to trust the current economic model. Bitcoin is new and has its flaws that need fixing but it is not on a path to self destruct with inflation from debt and qualitative easing.
 
2. In my view, the unrestricted and decentralized aspect of Bitcoin has the potential to change our society the same way the unrestricted and decentralized flow of information on the World Wide Web changed it.
 
I just read all posts, did I miss the "When" part ? ... a few week have passed.
Bitcoin
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The talk has been scheduled for March 1. There is no guarantee that the talk will be released to the public. Generally speaking if the talk isn't released it probably wasn't one of the best.

In the mean time I've been through a few iterations of my talk and the posts here have been incredibly helpful. Creating an 8-10 minute talk on Bitcoin that is interesting to a non-technical audience is a huge challenge but it's also been a fun experience. I hope to create a 20-30 minute version of the talk after TED which I'll also give via Google Hangout and then post online. THANKS again everyone!
 
+Bill Barhydt Thanks for planning to make that 20-30 minute talk in addition to your short TED talk. Of course I'm hoping the "real" talk will be released publicly by TED. Should it not be released, would there be any way it could be given out nevertheless (without the TED label)?
 
One of the biggest hurdles for Bitcoin is the chicken/egg problem where nobody wants to use it because no merchants accept it. I've had great success with using Bitcoin with friends and effectively being able to use Bitcoin to buy just about anything. A lot of my friends are interested in Bitcoin because I talk about it so much but they are intimidated with setting up an exchagne account and trading. So I have been killing two birds with one stone, so to speak, by offering that they pay for things I need, or meal tabs Im responsible for and reimburse them with Bitcoin. That way, they get Bitcoins in their hands and I get to purchase things with Bitcoin. It's been working out great and I've probably spend about $1000 in Bitcoins doing it this way the last few months.
 
1. What does Bitcoin mean to you?
It is an inalienable right that we have to use any thing of value in commerce and to engage in private, two party transactions. One day I hope such rights will be protected under most nations' constitutions as they are as fundamental to freedom as any clause found in the US constitution or Bill of Rights. Bitcoin makes private, two party transactions on the internet possible.

2. What do you think of Bitcoin's potential future?
Very bright. There are many types of transactions that bitcoin makes possible (we've only just scratched the surface with the technology). Such transactions are what give bitcoin intrinsic value as you cannot conduct them without obtaining bitcoin. National currencies are also digital currencies (ask yourself how much of your money exists simply as numbers stored in a bank database). The difference between bitcoin and national currencies is that national currencies are based on a patchwork of systems evolved over the last 40 or 50 years (since the invention of computers and the internet). Bitcoin is a rethinking of how currencies should work in the digital age. It takes everything we know about cryptography and the Internet and designs a new money system from the ground up. When viewed in this light, is it any surprise that it would offer many improvements over the old, antiquated systems?

3. What are the best uses of Bitcoin that you've seen so far?
Settling up debts and buying things online. A bitcoin transaction is by far the easiest way to pay for things and you don't have to reveal any sensitive account information (no filling out addresses and forms or revealing sensitive information as you have to do with credit cards).

4. Do you think Bitcoin will become a mainstream currency or investment asset type or both? Why/why not?
Both. Early in its life it will be an investment asset because of its growth potential. Later in life it will become a mainstream currency and a store of value (not so much as an investment, but more of a way to preserve wealth). It will become a mainstream currency because of the types of transactions it enables which are simply impossible with other currencies and systems. For example, I can use Bitcoin and the mathematics behind it to establish rules for spending corporate funds that require 3 out of 5 company officers to sign any transaction spending company funds.

5. Does Bitcoin need to be improved? How?
Yes, there is much work to do to make it easier to use and trade. It also needs to be made more easily secured for the average person.

6. Any other thoughts on Bitcoin?
I would recommend a few Neal Stephenson novels. His predictions regarding the future and crypto-currency are probably pretty accurate. There are many questions that bitcoin raises. Money is information, and like any information, can be sent anywhere on Earth in the blink of an eye and with complete privacy. It is forever more a permanent fixture of our world and society will need to learn to live with this reality. The changes this ushers in could be quite profound…for example, we may ultimately find that compulsory taxation is no longer practical. Governments may need to transition to completely voluntary systems of taxation.
 
When people do not understand how a system can work without a central, all powerful "judge" or "referee" to keep it's players honest, I like to use the game of CHESS as an example:

In chess you don't need a referee to see if someone is cheating, since the players can catch any missplays or intentional cheats, because of the "rules of the game". It is a self policing system. If one tries to game it, it gets found out, and will be labled as a "bad move" and the game will have to be reset to the original state before the "illegal" move has been made.

cheers
Happy George
 
chess :) in 5 minutes mode at tournaments there were no illegal moves. even an illeagal setup of the pieces at start could go unnoticed by the players and was not reset but rather played until one of the players claimed victory. Even if 2 moves earlier the winner did a totally illegal move.

Oh maybe the analogy is not that bad after all. By doing a move, I'm confirming my opponents last transaction but until I confirm it, I can still refuse to confirm it and ask for a valid one.
 
Exactly, and of course you could write a whole essay on this, and someone very super smart could write a counter argument essay, but for the layperson, this analogy has saved me the long hours of explaining! :)
 
Putting final touches on #TED talk for next week on #Bitcoin. Last minute work on #Cypherpunks and von Mises. It's coming together! I'm creating a slightly longer 25 minute version which I'll give via Google Hangout to this group as well! Thanks so much everyone for your invaluable input. The talk is much better than it might have been without your help (minus the limitation that I'm still the one giving it of course!)
 
This will probably be too general at this stage of preparing your talk, but it might be best to talk about <b>what Bitcoin does and what problems it solves</b>, instead of <b>what it is and how it works</b>. Imagine in the early '90s giving a presentation about the possibilities of this novelty called The Internet. Would you even mention TCP/IP or how routing works? Anyway, good luck with your presentation!
 
+Bill Barhydt be sure to let us know in advance when you will hold the hangout talk. Looking forward to it.
 
Hi everyone, just a quick update to let you know that I did give the short talk at TED on Thursday morning and I think it went reasonably well. I'll plan on giving a longer version of the talk - hopefully interactive on a Google Hangout sometime soon. I'm off to Mexico for work now but will work on this when I get back. Thanks again for all of your great input!
 
Is there a video of it?
 
Not yet. TED owns the rights. Most of their talks never make it online but some do. I'll let you know if they decide to post it. 
 
Academia is picking up that topic. There's going to be a tutorial (in English) and a workshop (in German and English) on Bitcoin on September 20 in Braunschweig, Germany. For more details, including the call for papers, see: http://bitcoin.uni-rostock.de/
 
Don't you have a copy of the talk or maybe just a transcript?
 
+Jörn Loviscach Ah, Clemens Cap is behind this. He introduced his hw-device wallet at the Conference in Prague. Pretty sane guy, get's it on all levels as far as I remember.
Wonder what happened to the device... it was pretty cool.
 
Hi Roland. I'm hoping TED posts it soon. If they don't I'll create a recorded webinar. 
 
Anything new on this?
 
Hi Hazek, TED has not posted the talk yet.  Still no word on whether they plan to.  They are tight lipped about these things so I still don't know what their plans are.
 
Bill, maybe you should hold your talk again at the Bitcoin Conference in London. :). I'm sure it'll be up on the net in no time.
 
cant you just hold the talk again on your own account?
 
Roland, great idea.  I need a little time to revisit and refresh the content.  Let's shoot for a Google hangout event on Feb 23.  What do you think?  Maybe some of you experts can even help me answer newbie questions! ;-)
 
Sounds good to me, though i must admit that i dont know precise what a google hangout event exactly is :) I think its a good idea to post it on the bitcoin forum to get some more attention.
Bitcoin
 
Hello everyone.  I need your help.  I'm trying to get TED to release the talk from last year (still) to ted.com.  For some reason they haven't released it.  We need to create some public pressure.

Please go to: http://support.ted.com/customer/portal/emails/new

and request that "Bill Barhydt's 2012 Ted talk on Bitcoin be released to the public asap."

Thanks!
 
when did your talk take place ?
if you can give me some more info i can put the request on the bitcointalk forum to spread the word.

roland.
 
Talk was given at TED 2012. It was an 8 minute ' short talk ' during the TED University session. Thanks. 
 
well thinking about it, the difficult thing for me is that i am not very willing to endorse something that i havent even seen yet.
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