Blockchain And Us - The Documentary

Tyler Durden's picture

In 2008, Satoshi Nakamoto invented bitcoin and the blockchain. For the first time in history, his invention made it possible to send money around the globe without banks, governments or any other intermediaries. The concept of the blockchain isn’t very intuitive. But still, many people believe it is a game changer.

The first 40 years of the Internet brought e-mail, social media, mobile applications, online shopping, Big Data, Open Data, cloud computing, and the Internet of Things.

 

Information technology is at the heart of everything today - good and bad.  

 

Despite advances in privacy, security, and inclusion, one thing is still missing from the Internet: Trust.

 

Enter the blockchain.

Economist and filmmaker Manuel Stagars portrays this exciting technology in interviews with software developers, cryptologists, researchers, entrepreneurs, consultants, VCs, authors, politicians, and futurists from the United States, Canada, Switzerland, the UK, and Australia.

The Blockchain and Us is no explainer video of the technology. It gives a view on the topic far from hype, makes it accessible and starts a conversation about its wider implications.

For a deep dive, see all full-length interviews from the film here...

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bob_bichen's picture

RE:  DAILYWESTERNER,COM    SPAMMER f (above) 
***AT the top:   
Donald Trump      soon to be joined by AKA's   ares_xtreme   AKA  john doeberg   AKA alt right girl   AKA   dyler_turden  <<< The "dailywesterner,com" SPAMMER with dozens of log-on's  (see below for your list)  DO NOT FOLLOW ANY LINK WHATSOEVER TO THIS malware- TROJAN-  AND  VIRUS-PLAGUED WEBSITE.  (links may be disguised as "goo,gl" or embedded as "hidden" links"   or in this case    youtube!   -- DO NOT FOLLOW ANY LINK!!!! 

{{Users who would like to communicate DIRECTLY with this Spamming Troll may wish to call the number listed on his facebook page:    *67-1-716-216-2454.  [The *67 assures that YOUR number remains anonymous, just like his posts.  Works on ALL phones, cell and landline!]

`

ZH USERS MAY wish to send an email to abuse@zerohedge.com and request that this spammer, in all their multiple personalities, be PERMANENTLY BANNED and their CONTENT REMOVED!!!  (copy and paste your list from following)

••dailywesterner,com LOG-ONS::
mdr attitude
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john doeberg
alt right dude
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audio feeline
Art Van Delay
TrollAndDump
XYTHRAS

Mercury's picture

FT Alphaville's Bitcoin series, particularly the work of Izabella Kaminska, is excellent: https://ftalphaville.ft.com/topic/Bitcoin

Basically, Bitcoin, and much other "FinTech" isn't any silver bullet and once you've built up a support system of protections, redundancies and a cental clearing apparatus necessary to build sufficient trust, you're pretty close to the system that you were originally trying to replace....

SILVERGEDDON's picture

Fuck off, Dragbin Defecation the Turd. Fucking Ponzi pimp for dangerous cool digital clown bucks.

Oh, fuck yeah, i am bitter - about nothing at all.

Shit coin also romped up to over $1200.00 before tanking into the two hundred dollar range, then up and down, up and down like a yo yo being whipped around by an ADD crackhead during an elecroshock therapy session.

Metals are a longer time line. What is a Liberty twenty dollar gold piece worth today versus the original value ?

What is a Morgan silver dollar worth in relation to funny bux today ?

I don't hate Fonestar. I just think he was a Ponzi scheme ass hat. Still is.

My shit has been going up since 1964.

Catch up to me in fifty years, and we will compare net worth, short timer.

I have over five thousand years of monetary history on my side.

What's in your wallet ?

Unicorn farts, skittle shit, androids dreaming of electric sheep, EMP's, and the government take over or outlawing of all digital currencies - except their own.

crazytechnician's picture

"I have over five thousand years of monetary history on my side"

Funny - Humans used sea shells for around 30,000 years before metals.

A long history of past success does not always equal success in the future.

We now have this new thing called electronics and computers.

Franklin Mint Chip's picture

Crazy Technician, where do you stand on teh Unlimited vs. Core debate? I am running a full Unlimited node way up north in teh woods. Philosophically, I am behind Unlimited all the way but I will be the first to admit that all of their moves (like uploading unsigned, close-src binaries) have not inspired the greatest confidence in Unlimited.

AE911Truth's picture

Dump BU before it dumps on you.

BU is six chineese ASIC miner barrons attempting to covertly corner the market.

ASICboost is a patented method of gaining a 30% mining advantage over competing miners, which these barrons used covertly. The reason they pumped so hard against SEGWIT (and tried to rally everyone else against segwit also) was that segwit would render their covert mining advantage obsolete and inactive.

Segwit is a well thought out plan to increase the transaction capacity of bitcoin by four orders of magnitude. BU could only double throughput.

There are a dozen more good reasons to dump BU and support segwit, but aforementioned are enough.

crazytechnician's picture

BS - Segwit can increase throughput by 1.7 times. And that is only theretical. BU can be adjusted for upto 32MB blocks. That is a 32 x increase in transacrion throughput. 32MB blocks would not be required for many years , which would track network bandwidth growth and hard drive capacity. Satoshi designed bitcoin to scale with technology growth.

Spaced Out's picture

"Segwit adds around 2mb on its own and with the amplifier-effect can add up to 8mb, though it is more likely to be around 5 - 6mb...." Antonop, April 2017.

crazytechnician's picture

The block size absolutely needs to be increased. The 1MB limit was put in as a temporary anti-spam feature. Core appear to have been hijacked, but have no fear the blocks sze will increase probably 2018. It will be popcorn time to watch it happen - price wise and politically. In my opinion segwit is dogs shit. Coins sent to Segwit addresses - are sent to an 'anyone can spend' bitcoin address. Dangerouse and stupid. Segwit weakens the protocol.

Grave's picture

anyone supporting bu-llshit is supporting banksters, psychopaths and sociopaths in power and their globolshevik agenda

its just another attempt at bitcoin hostile takeover (after utter failures such as classic, reloaded, xt, reunbullshitted, etc)
but thanks to bitcoins design its highly resistant to change and therefore highly resistant to hostile takeovers.

psychopaths are running basic divide and conquer tactic psyop with paid off shills and sell-outs (all those whiny and vocal bu-llshit clowns)

trying to push through forced agendas by any means, like massive months long spam attacks to saturate the network (wasting millions doing so) to create the illusion theres a "problem", then offer "solution"
solutions with purpose to poison the keystones of bitcoin foundation, so they can later move to their main "solutions" such as increasing the total supply limit, blacklists, central authority, and so on
to pervert the original decentralized, distributed, deflationary design and turn it into another centralized inflationary tool to continue debt-slavery and neo-feudalism-through-usury.

bitcoin is a currency system, not a payment system.
its a settlement layer that takes away the ONLY real asset banks have, trust (which they can only enforce through threats of violence and murder on large scale).
and bitcoins trust requires no central authority, because it uses the language of universe, math, to create and verify trust.
you want millions of transactions per second?
thats what payment channels are for, layers built on top of bitcoin
-> segwit -> lightning network

meanwhile skilled programmers and scientists continue to work on bitcoin, for there is only one bitcoin.
everything else is an alternative coin, no matter how they try to brand it.
(notice the lame branding psyop by trying to force labeling bitcoin as "bitcoin core" to legitimize the use of altcoin brands like failed bitcoin unlimited, bitcoin classic, and rest of failures, as a replacement)

you want your own blockchain, get in line, create your own alternative instead of trying to hijack bitcoin.

kochevnik's picture

Your shit did not go up.  Your Jew money went down.  You still weigh value relative to the counterfeit crackpipe.  More rehab

HRH Feant's picture

Chill out. I have 87 pounds of silver.

And $65 dollars of BTC.

Dip your toe into the water. Buy $100 of BTC and you and I will get a $10 BTC bonus.

Just try it. https://www.coinbase.com/join/58e3e9126c7d4a015444cfe6

If you don't like it, fine, easy to liquidate. Oh and Coinbase has $250K account insurance. Same as your local bank.

Spaced Out's picture

"over $1200.00 before tanking into the two hundred dollar range, then up and down, up and down like a yo yo"

And that is precisely how smart traders make x10 their investment inside 2 years :D

I've got metals too - as a hedge - but what happens when the govt forces everyone to sell it at 50c on the dollar again?

 

2_legs_bahhhhhd's picture

Good luck Bob....the Tyler's know about these cockroaches, but continue to let them abuse this site. You are raking leaves on a windy day.

Franklin Mint Chip's picture

Dude people can spam whatever they want so lay off and stop treading on people.

https://localbitcoins.com

2_legs_bahhhhhd's picture

That's fucking rich, coming from the king of bitspam.

You assholes have ruined this site, you can sit around and jerk each other off, nobody will be reading your spam vomit....enjoy fucktards

Franklin Mint Chip's picture

So do you know how many people thank me on my Youtube channel? Bitcoin needed a Knight to stand up and fight for it in 2010/11 and fonestar rose to the challenge.

Christophe2's picture

Your comedy channel sounds like it could be funny.

2_legs_bahhhhhd's picture

None.... just you and your bus load of spam bots.

stecha's picture

blockchain will never be the new currency as long as ythe U.S. has a hand in it. If it cant be corrupted the U.S. does not want it.

EHM's picture

Blockchain will never be the new currency because the amount of potential blockchain currencies is infinite. How do we decide on one? What's so special about one to the next? Blockchain depends on speculative behavior not fundamental value. The god Satoshi didn't think about competition. Most big ego's make that error.

HRH Feant's picture

How do you decide to buy a stock? Why do you choose ALPH over another? You make a purchase based on stability.

Same thing with regard to currencies. I think everyone should be invested in multiple currencies. I have access to the USD on a daily basis but I like the Suisse Frank and, because they are close, I also like the CAN dollar.

It is also called diversification.

Do I have my bill paying money in CAN or SUISSE or BTC? No. But I have a little bit stashed in each of those places. Along with silver / gold and physical USDs.

Jimmy Jimmereeno's picture

Your remarks reveal that you are making a major philosophical and economic blunder.

You consider all currencies as a speculation against something (what, I'm not quite sure).  You state,  "I think everyone should be invested in multiple currencies", yet you later confuse holding forex with holding  precious metals -".. I have a little bit stashed in each of those places. Along with silver / gold and physical USDs.''

All of the exchange media and precious metals that you are talking about are effectively commodities that are priced in terms of fiat USD.  The only meaningful way to view so-called money is when an economic system functions within the constraints of a gold-coin standard.  Given that economic state, paper currency fluctuations cease and  various currencies do stabilize.  But they only stabilize against gold.

Btw, my remarks here are not attacking you personally which, from some of your other posts, you seem to view the reality of ZH.

 

HRH Feant's picture

Thank you for the comment! As someone that holds a degree in Philosophy it is amusing that you think I have made both philosophical and economic blunders! Indeed!

Sadly, my philosophy professors did not have degrees in economics. Furthermore, even though I have been a life-long artist, my university banned me from taking art classes! Shocking isn't it? As though having a philosophy major in an art class would have been horrific! (I am laughing now though really it was quite cruel for my university to banish me from art classes).

I digress, forgive me.

Markets are priced in a number of ways. I don't think what I said was confusing at all. I can exchange USDs for Suisse Frank's, Yen, Russian rubles. I can also exchange USDs for Bitcoin or Etherium or silver or gold.

I don't view the market as fixed. There are many markets and I wish I had a better understanding of mathematics.

What market isn't a commodity market? The NYSE? Nasdaq? FTSE?

Please explicate my blunder because your comments are not clear.

I am open to debate, and as you have observed, I don't consider open debate to be a personal attack. This forum is an excellent way to explore ideas.

I am not sure if you read my other posts where I mentioned holding my assets in various asset classes including real estate, cash, and precious metals.

Are you saying that my efforts to diversify are a failure? Confused.

gatorengineer's picture

If you don't think Blockchain is the equivalent of marking and tracking every single financial transaction in the universe so it can be taxed and regularted, you need to go back to your cave.

Have you noticed that computers available to the public ex-graphic cards have been stuck at the 2000 level roughly in processing?  Do you think that there are chinese everything except for CPUs?  well, kids, there is a reason for it.  Real processing power is out there but not available to the goy.

stacking12321's picture

don't spout ignorance.

there isn't one Blockchain, there are many

and if you're going to make that claim, explain how, precisely, privacy based altcoins like dash, monero, and zcash will be taxed and regulated.

even bitcoin will be near impossible to tax and regulate, for those that take a little effort to cover their tracks

gatorengineer's picture

100 percent packet sniffing is and has been in place for 5 plus years and a modern quantum computer can break perhaps a million 512 bit keys a second.  Next question?

crazytechnician's picture

To record bitcoin you do not need to record every packet over the internet. All you need to do is run a full bitcoin node and you will have every transaction in memory within 2 seconds of it being broadcast. You can download the bitcoin client from bitcoin.org or bitcoin.com  . Now regarding your claim that quantum computers can crack 512 bit keys per second is utter nonsense. For one thing that would put the entire banking system into immediate meltdown. Next is the fact that bitcoin private keys use 2^160 possible combinations. That is a larger number than all of the atoms in the known universe. It would take every computer on this planet working in parallel billion of years to get a hash collision for a bitcoin private key. Next the network itself perfrom's a double SHA_256 hash every 10 minutes - well equated 10 minutes but using a poisson distribution curve that is. So now your quantum computer has to crack a double SHA_256 and somehow produce a hash collision within 10 minutes . Good luck with that. And by the way - quantum computers so far have not cracked any codes and it looks increasingly likely they will be utterly useless at cracking very large SHA_256 hashes. Sorry for the rant , what is your next question ?

Baron von Bud's picture

Uh, fellas. Computer Science guy here. There are no working quantum computers in existence that are capable of doing much of anything. More than theoretical but an unknown timeline.

"Yet today’s quantum computers remain technological minnows for now; after three decades of research on the subject, they have at most about a dozen bits and can do no better than calculate the prime factors of 21"

So Bitcoin is safe for now. I doubt BC will be the winning blockchain.

Franklin Mint Chip's picture

If BTC is not teh winning Blockchain it will be because its users jump ship to Monero, Dash, Ethereum, etc... But I believe that Bitcoin will be the winning crypto.

crazytechnician's picture

It will be. Something nealry everybody is overlooking. The next currency needs to be a digital energy currency. The petro dollar will start to become obsolete around 2030 when all new cars will use elecricity to run.

essence's picture

Bitcoin and other crypto currencies are based on the all seeing eye of the blockchain.
In an honorable society where sociopaths weren't in positions of power, that wouldn't be an issue.

My issue with blockchain technology is that governments will utilize it to track all transactions (and not just financial).

Yeah, I know, there's techie types out there all heady with their so far ability to anonymize their transactions on the blockchain.
Such provincial thinking.

If blockchain tech gains enough traction to precipitate government action they WILL act to ensure ALL endpoints of a transaction have to ID themselves.
Let that sink in.   Government controls the internet. They can regulate who gets on it, they can outlaw any encryption/obfuscation/VPNs etc. that they don't have a back door for. They can implement draconian sanctions against anyone seeking to evade them.  And they most certainly will.

Just be to clear, my issue isn't with blockchain technology, rather it's with the malevolent & corrupt governments that will hijack it for their purposes.

 

Franklin Mint Chip's picture

Tracking *transactions* is NOT tracking *persons*. Even if you do manage to track a transaction, you have a whole other process to go through tying a real person to that transaction.

Franklin Mint Chip's picture

blockchain is not a currency, Bitcoin is.  And Bitcoin is teh greatest thing ever that no government can stop.

crazytechnician's picture

Hey Man , my old friend , how's it going ? Still trying to convince the 'tards I see. Nice.  I try to drop in here once in a while to remind them the earth ain't flat as well ..

SILVERGEDDON's picture

If the top of your head was flat, at least you would be useful - as a place to put my beer. 

As a digital currency cheerleader, I am thinking you work for the New World order, or Dot Gov.

Only power hungry thieves would pimp a currency that can be stolen effortlessly by same.  

Bitcoin is the entry drug to the digital currency system that will enslave everybody's income.  

crazytechnician's picture

Silver is fucking easy to take. Metal detector. X-Ray machine , satellite images , hard to store , hard to carry , impossible to defend without projectile lead ,  impossible to transport through airport or roadblock . bitcoin easy to store. bitcoin easy to transport in head or by post snail-mail or telephone. Anywhere on planet easy , fast , no problem. I am not pumping shit , you are.

Franklin Mint Chip's picture

You wouldn't know a ponzi if it smacked you upside teh head. You're one of the thickest posters here and that's saying something.

Franklin Mint Chip's picture

Good to see you! I'm not really trying to convince anyone here. I'm just sticking up for the biggest technical revolution in the past 500 years. I am never too tired nor dreary to fight for Bitcoin. I have even told my employer I would rather be paid in Bitcoin. What's stupid is that lots of coffee shops with tech savvy owners grasped BTC right away. And lots of "tech companies" still don't get it in 2017, years later.

crazytechnician's picture

Hey man I hear you , first I thought this was the biggest transformation of money snce the collase of the Roman Empire. But now I think this is the biggest financial revolution since the dawn of human history. That is why so many just don't get it , any may never. They will just be forced to use it without ever really understanding.

2_legs_bahhhhhd's picture

Bullshit....welfare will never pay you in buttcoin

HRH Feant's picture

Way to go! I am going to watch this. Block chain technology is the future.

If you want to dip your toe in, go here: https://www.coinbase.com/join/58e3e9126c7d4a015444cfe6

Buy $100 of BTC or ETH in the next 180 days and you and I both get a $10 bonus! Win / win :)

malek's picture

A blockchain cannot CREATE trust. It can only transfer trust to other places.

If the initial trust is based on empty promises a/k/a fiat, a blockchain will not improve it.

Brazen Heist's picture

Do you trust mathematics?

meditate_vigorously's picture

The logic he just described IS mathematics, you dolt.

Brazen Heist's picture

I was trying to get at something more specific but said it too broadly. A bit nit picky there, son. Yes, BTC doesn't have intrinsic value. It doesn't mean there isn't utility. If there is no utility to you, don't use it. I find utility, therefore I use.