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Blockchain ≠ Bitcoin

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“If you still view Bitcoin as a techno/anarchic/utopian/libertarian model for consumer payments, you haven’t been paying attention.” Jonathan Libov

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Blockchain Technology Crypto- currencies Bit- coin

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anything Anything Consensus Cryptography Cryptography

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So what?

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organizationally organizationally centralized decentralized logically Banks centralized logically Excel E-mail decentralized organizationally organizationally centralized decentralized logically Banks centralized logically Excel E-mail decentralized organizationally organizationally centralized decentralized logically Banks Blockchain centralized logically Excel E-mail decentralized

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“The web was designed to be decentralised so that everybody could participate. Instead, we’ve got these silos. […] The proposal is, then, to bring back the idea of a decentralised web. To bring back power to people.” Tim Berners-Lee

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Or…

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“I have made use of this feature and have rightfully claimed 3,641,694 ether, and would like to thank the DAO for this reward.” “The Attacker”

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“Any and all explanatory terms or descriptions are merely offered for educational purposes (…). The DAO’s code controls and sets forth all terms of The DAO Creation.” Original Terms & Conditions of The DAO

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“Although the word ‘contract’ is used in The DAO’s code, the term is (…) not being used as a legal term of art. The term is a programming convention, not a representation that the code is in and of itself a legally binding and enforceable contract.” Current Readme for The DAO Framework

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Or…

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“Trust disrupted.” Techcrunch, 10.10.2016

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“Once trust becomes abundant, the (possibly extreme!) consequence could be that it finally frees up the state of the world to begin changing fast.” Alex Danco

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“We are talking about some fairly cutting edge computer science here. [Blockchain] is still very much a work in progress. A computer science experiment. And a very ambitious one too.” Fred Wilson

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“We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten.” Bill Gates

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Sources http://whoo.ps/2016/08/31/a-junior-vc https://www.ft.com/content/eb1f8256-7b4b-11e5-a1fe-567b37f80b64 http://spectrum.ieee.org/computing/networks/the-future-of-the-web-looks-a-lot-like-bitcoin http://continuations.com/post/105272022635/bitcoin-clarifying-the-foundational-innovation-of https://techcrunch.com/2016/10/09/a-decentralized-web-would-give-power-back-to-the-people-online/ http://pastebin.com/CcGUBgDG https://github.com/slockit/DAO https://techcrunch.com/2016/10/10/watch-the-first-episode-of-our-new-series-trust-disrupted-bitcoin-and-the-blockchain/ https://medium.com/swlh/emergent-layers-chapter-4-some-speculation-about-the-future-7964d89dc1c3#.3hj33vp02 http://avc.com/2016/10/trading-rd/ http://abcnews.go.com/Technology/PCWorld/story?id=5214635